A_Game_of_Coins

A_Game_of_Coins

A Game of Coins Post turmoil where various outlets including social media, forums and media were burning up with posts and headlines of "we're going under", we have seen a relatively quiet time within the cryptosphere of late. From a short term view point, instead of creating TA that lays the law of what the RSI, MACD and Elliott wave is indicating, we can cut...

A_Game_of_Coins

| Summary |  Fuelled by the perfect storm of uncertainty in Asia, regulatory pressure in the US, lack of market exuberance and over extension in price action, the 100d MA Bull to Bear Cycle has now completed with price action hitting the 100d MA support on 16/01/18. The current cycle lasted a total of 124 days, which is an over extension of 8d past the...

A_Game_of_Coins

| Summary | I'm revisiting one of my previous TA & Market Analysis pieces circa a month later - the B TCUSD 100d MA Bull to Bear Analysis Charting the bull to bear price action back to 2012, I was able to then create a picture of the market cycles based on the 100d MA acting as support. My rationale behind this was that as markets are cyclical I wanted to...

A_Game_of_Coins

A nice example of the market buying the rumour and selling the news - XZCBTC had a great run up in 24 hours. Znodes (XZC Masternodes) were launched at 7:21am UK Time and you can see the spike in price, and the subsequent sell off once the market had adjusted for the news. RSI indicated it was time to cut short and take profit around the same time as the news...

A_Game_of_Coins

A Game of Coins With the relatively "stable" price action currently on BTC, there is an air of "what's next" amongst traders and investors. As you can see from the hourly short term chart, the current BTCUSD price action over the last few days has been in a range of between 14K - 18K, give or take a few spikes. As such, the circa 30% fluctuation is nothing to...

A_Game_of_Coins

Following hot on the heels of LTCUSD, ETHUSD is having an exuberant run on the price action. There is a good amount of volume to back up the price action, however, not in the league of LTCUSD. Support Levels at: 1) ~$535 USD - this aligns with the 0.618 FIB level, and I would expect this to hold in the near term 2) ~$510 - aligning with the 0.786 FIB level -...

A_Game_of_Coins Updated 

We are seeing spectacular price action on LTCUSD with volume to back it. The current extension reaching ~$400 LTCUSD (Coinbase) appears to be relatively sustainable, given the macro forces at work: 1) Litecoin marketing push 2) The cognitive bias and public perception of Litecoin's price being "cheaper" than BTCUSD, as such, more people are placing buys 3) The...