Good day my friends,
The charts say it all. Bitcoin is trending upwards with incredible momentum. The higher time frames are super revealing as the Ichimoku has preformed a Tenkan (blue line) and Kijun (red line) cross on the weekly, a move which arguably marked the beginning of the epic bull run from Nov. 2015 to the peak of December 2017. Last week's weekly...
As everyone is doing their best to decide whether or not Bitcoin has bottomed, I've personally begun accumulating. The striking similarities to the way the 2014 bear market came to a close and how price continued sideways afterward is just one reason why I feel this way. Another reason is the fact that we saw such a HUGE capitulated sell-off from the 6K level,...
I've been ending almost each of my TA posts with "Patience > FOMO " because these levels in the market are personally being perceived as "the accumulation phase" where price has likely found its bottom and is setting levels which are optimal for upping your stack.
Yesterday I was warning that, despite the sexy run-up in price, now was NOT the time to FOMO into...
As BTC marches towards the resistance at 4.4K, which was not only prevalent in November and December, but also the end of 2017, there is a TON of bullish sentiment around the internet. Before you FOMO in, look at the weekly chart.
What the weekly shows us is that the 4.4K is still a hurdle and the moving averages are coming down to hit price right on the head....
Cardano is a project with a lot of promise but considering it is still in a highly developmental state with its next big news event not coming until the start of the next quarter, its price is going to ride with Bitcoin.
That isn't a bad thing either. Bitcoin looks like it could blow past the 4K level at any moment.
Cardano has overhead resistance at $.057 but...
Ah, a headline with a question mark. I suppose it is fitting for the cryptocurrency market, considering its wild nature and unpredictability. Let's refuse to throw wild predictions out there and admit that we do not know where exactly the market is heading in the short term, but there are a few hints.
The chart presented today shows price is being squeezed...
Let us keep it simple. While fundamentals are truly better than ever and with a slew of wonderful sounding news smacking the headlines, it is time to take a look at a simple chart to gauge where BTC is heading.
BTC has broken above the 50 day EMA which has been acting as a strong point of resistance.
It now is fading on momentum up to the 100 EMA that is laying...
