Crypto_Terminal_Daniel

Crypto_Terminal_Daniel

IOTA dipped recently, tested support at a $0.4951, the 0.236 Fibonacci level, and has since rebounded. This has come one level off from our original assessment: that we'd see a dip to the lower anchor at $0.3440 to properly bottom out, then rebound back to current levels or above them. Indeed, most cryptos have appeared to have bottomed out, and IOTA may be no...

Crypto_Terminal_Daniel

Our hopes for a breakout from that bull flag pattern last week were crushed on the 11th, when Monero broke down against BTC. We sliced through both the 100 day MA, and the 50 day MA as if they weren't there. The upper anchor to our Fibonacci levels provided little support, and currently we are lucky to find some support at the 0.786 Fibonacci at 15649. We are...

Crypto_Terminal_Daniel

It's a make-or break moment for Litecoin. We're at levels not seen since late 2017. There is strong support at $51.22 and and $49.44. These are levels that have been attempted three times in the past year. Based on this, it seems like Litecoin is at bargain prices at the moment. Assuming one wishes to enter a long trade, be advised of the following levels...

Crypto_Terminal_Daniel

We've been pretty bearish on Ripple, and have written about this here and here . Last night, XRPUSD felt another strong wave of selling pressure that brought it down to our lower price targets. As measured by the ATR, volatility had dropped off effectively to zero, suggesting that some kind of burst of momentum was due. We saw this last night as Ripple...

Crypto_Terminal_Daniel

As we wrote here yesterday, XRPBTC plummeted notably along with the rest of the cryptoverse. It smashed through our early profit targets and last night came just shy of our more aggressive profit targets in the 50000 handle. The level of 60000 seems to be a hard lower bound for now, and we witnessed a vigorous buyback. Currently 68796, which appears to be a...

Crypto_Terminal_Daniel

To add to our swath of successful predictions, Ethereum has broken down. As we noted here , ETH was looking very bearish. It has been progressively breaking down through a series of bear flags, crushing levels and sailing through vacuum zones with ease each time. This time appears to be no different, and it has followed our anticipated trajectory (indicated by...

Crypto_Terminal_Daniel

We wrote a fairly detailed analysis of BCHBTC here . We identified the fact that BCH has broken some key levels and seemed poised for a run to the 0.07's. In fact, at the time of this writing, Bitcoin Cash seems to be hovering at around 0.071 against Bitcoin. We stand by our other assertion, that 0.06624 seems like a hard lower bound for this pair for now. If...

Crypto_Terminal_Daniel

We've been on a roll lately with our prediction accuracy for cryptocurrencies. We were certainly correct in identifying the rout that has underpinned IOTA for almost the entirety of 2018. It does appear we were a bit too ambitious with our final target to the downside at 0.3440, which corresponds to our lower Fibonacci anchor. However, the price did hit our...

Crypto_Terminal_Daniel

Cryptos took a major hit across the board, as did stocks. The difference between stocks and cryptos is that followers of this account were well prepared for the bloodbath. See for example this article , this one , this one , and this one . Here, we follow up on another successful prediction . We predicted that Monero would break down against Bitcoin as...

Crypto_Terminal_Daniel

Everyone on TradingView knows about the stock market meltdown, but the cryptocurrency world has been rocked as well. Earlier, in this article , we discussed a massive head and shoulders in XRPBTC. We highlighted the fact that the recent rally and Ripple exuberance would probably be short lived. We also noted the incredibly ominous head and shoulders pattern as...

Crypto_Terminal_Daniel

Although the title of this article, "Gloomy Outlook on Monero" , left little room for interpretation on our viewpoint of this coin, the contents gave a very specific outline of our expectations. In fact, we not only identified that a crash was near, but gave explicit levels for what to expect and where we could anticipate support. The level we called out,...

Crypto_Terminal_Daniel

As discussed here , we've been anticipating a Litecoin correction for a week or so now. Today we not only got what we were anticipating, but the price came exactly to our level! Article summary (for the short attention span crowd): We noticed that LTC had flatlined, and was due for a breakdown to $51.22. That level was hit last night. Litecoin is currently...

Crypto_Terminal_Daniel

In this article , we discussed why we should expect a breakout in TRX against BTC. We even gave the price targets where this asset would find support or resistance. In fact, we were spot on with our analysis. We noted that that TRXBTC was consolidating and a breakout was nigh. It took a bit, but readers who followed our insight were rewarded for their...

Crypto_Terminal_Daniel

Bitcoin Cash appears ready to surrender more against Bitcoin as it seems poised for another leg down. There does not seem to be much in the way of bullish indication, and we see some very large 'Bart Simpson' patterns, which are notoriously hard to trade. We must revert to levels analysis, and protect ourselves from losses at all costs, as best we can anyway. ...

Crypto_Terminal_Daniel

Ethereum has been ranging for some time. Its consolidation has continued in what appears to be another leg of a bearish Elliott Wave impulse. As with BTC, the consolidation in ETH has created vacuum zones about the psychologically and technically significant $225 level, where it currently clings to support. The volatility, as measured by the ATR, has dropped...

Crypto_Terminal_Daniel

Crypto enthusiasts glued to the news and prices observed a small correction in Bitcoin last evening and this morning. Unfortunately, it is doubtful that this is extent of the dip, it was merely completing the apex of the flag pattern we've been discussing since last week. Indeed, the technicals seem to augur a more emphatic breakdown. We have a bear flag...

Crypto_Terminal_Daniel

Bitcoin Cash has been bettered even more so than most of the other altcoins. However, we do see what appears to be a bull flag pattern, with some major support under current levels. This implies that we may see some bullish respite to the overall downtrending behavior we've been observing all year. We have support from below and above with the 50 and 100 period...

Crypto_Terminal_Daniel

When looking at a chart of IOTA against the US Dollar, there is very little to give bulls any hope. This coin has almost completely retraced its value returning to pre-bubble 2017 levels. It's amazing to reflect on the fact that earlier this year, IOTA was in the $2 handle and some had double digit price targets in mind. But even the most exuberant bulls have...