ETHBTC has broken its support line, but not all is lost! If history repeats itself, it can get back above support if a new bull run starts. As I mentioned in my recent addition to my BTC chart, there's a strong chance we remain pretty flat as an entire market until the end of 2018/early 2019. This timeframe aligns nicely with where ETHBTC is likely to break back...
Since my analysis from yesterday, we have dropped hard. I did say this was a possibility, and to pay attention to the capitulation going on, since it would likely present a good buying opportunity. I said I had a feeling we could go lower, and we did. The 200B market cap line did not hold either, although I was hoping it would. Oh well. The market doesn't HAVE to...
I'm using the XRPBTC chart here, but the same can be said for most major alts as well. This is a popular chart, so I decided to use it as an example. This is a new view on the market that I have been thinking about recently (and posting about), and the last couple of days have convinced me more that this could indeed play out. The market does not want to go...
BNBBTC has an amazing chart. It has been overall one of the best performing coins in the bear market, as it has actually increased in BTC value. However, I expect its BTC value to remain stagnant or go down a bit, since it hasn't really had a chance to correct much since increasing exponentially from last year. This doesn't mean it HAS to correct further, but I...
Well, well, well. The one coin that I've sold and rebought a number of times due to FUD and my personal annoyance with their marketing efforts. HOWEVER, that doesn't stop this from being a good trade setup. I am at a net loss on this coin, but I added a bunch more at the 39000 satoshi level, after seeing a clear bottom happening on August 13th, 2018. I added a few...
This coin is one of my long-term holds, but I sold a portion of my stack that I bought low on the recent top and redistributed the profits to some other coins. Still holding most of my position in GVTBTC, because I like the vision (no pun intended) and the team, and am interested in using the platform in the future. However, I had a feeling it could drop to at...
DXY, or the dollar index, has been in a downtrend since the very beginning. This is part of the reason why I'm invested in crypto, and why I think deflationary currencies will make a significant attempt to overtake inflationary currencies like the U.S. Dollar. I think it's always good to look at where the supply zone was when an asset first comes on the market,...
Some people may really be wondering...can NEO make it? This coin undeniably has one of the worst looking charts in crypto. It is well below its prior support and has been slumping down since the August 13th capitulation move by most altcoins. I bought some around $14.70 but sold around $19 to add more to a couple other coins that have better looking long term...
This is another one of my main coins. Added some around 100 satoshis when it dropped there on August 13th, 2018. It's still considerably up from there, however it's really struggling with volume, even though it seems to have broken out of its downtrend recently. To me, this makes it seem like this coin has a lot of bottom riding to do before it can finally start...
I feel like I need to post another analysis on this coin, as it is a classic example of how people get caught up in short term price action without paying attention to the bigger picture. Here is my previous analysis for reference: In that analysis, I said that we could test 6000 once that bull flag was broken, but it was not able to break the range, so we fell...
This is mostly for fun, but also an illustration of a worst case scenario. Saw this crazy fractal and thought....what if? I love the fact that this chart has so much price history. In all seriousness though, if the DJI fails to consolidate in this range and make a higher high soon, we can assume it will drop. We have a nice double top formation so far. Buying...
It's time for an update on BATBTC, since it invalidated my short term short idea that I posted before: This does not mean that it can't drop from here, but that my perspective is neutral at this time. On my previous chart, I did say that we could target the 6000 long term resistance. We made an attempt, but didn't make it up there. Instead, we got stopped at...
Like WTCBTC, this was one of the worst performers in my portfolio during the bear market. However, it finally seems to have bottomed out, although it still has room to fall another 50% or so towards 50k sats. Right now, it seems to have formed a good long term support. Last year, it had a parabolic rise, which is why I chose to chart this in the log scale. This...
I've finally decided to make an account on here, since I've gained confidence in my ability to analyze markets, and a number of people have told me that they find my insights helpful. I look at long term trends, breakouts, breakdowns, and support/resistance to make conditional moves. I don’t look much at Elliot Waves or fib. levels, since I think these things are...
This is my FINAL trade idea for now. Gonna take a break and just post updates on current charts. Follow along if you'd like. Decided to get out of a trade that wasn't going anywhere (often I regret this later, but whatever) and chase the volume. I've already held a position in XRPBTC since 5k sats, but just added a bit at 7.5k with my small trading stack. Hoping...
Thought I might as well post charts for my other coins, just so people can follow along if they wish, but mostly to catalogue my good and bad moves (as well as WHY I made them at the time). Then I won't have to keep making more charts, and I can just post regular updates. These are my setups for the next bull cycle anyway. Stellar Lumens is by far one of my...
Whether or not we have truly seen bottom in the crypto market remains to be seen, but as I mentioned in my BTCUSD analysis(), NANOUSD is the coin that helped me to see the bigger picture. Why? Because I decided to compare it with an old BTCUSD bubble cycle from 2011, when it similarly rose from cents to around $30, only to crash back to $2. I used some simple math...
Last week, I made a prediction that EOS and ETH would lead the next market push up. I decided to do a chart on EOSBTC because it looked a lot stronger to me. We were accumulating in the 8300 range for quite a while. Volume was slowly increasing along with price. However, we dipped down below that level briefly to around 0.0008000. However, we quickly bounced back...