biffbifford

biffbifford Updated 

I see an asymmetrical triangle almost fully formed on the 4-Hr with volatility squeezing. This has typically led to an explosive price move; while this should be considered statistically Bullish we are in the crypto game and must be prepared for anything. I have my alerts set; if we explode north, I will sell into the frenzy at 20 percent and more if I can get it....

biffbifford Updated 

Well if you're considering entering a swing trade we are nearing the trend channel support. If we can bounce off it in a continuation pattern there is some upside potential. It's a risky play because the upper channel only has two confirmed data points. If we drop out of the lower channel and land on the horizontal support level or lower as seen on the chart, I...

biffbifford

We saw them blow this balloon and pop the air right out of it. I am a fan of XRP and have been buying since XRP was trading in the .20's, levels. I let some go into the this latest runup to have more working capital. I am considering Dollar-Cost-Averaging at the .32 levels and below (if we can get lower) to match no more than 1/2 my current position. The .786 fib...

biffbifford

I had a weird feeling with ETH as the price began to fade lower. I completely ignored the H&S pattern that was FULLY formed on the 4-Hr chart and didn't even cover the possibility that we could explode south. I am guilty of becoming emotionally involved with crypto. In retrospect, the H&S pattern on the 4hr stuck out like a sore thumb. I wanted to believe we have...

biffbifford

This one played out exactly as we predicted. The volatility narrowed after many attempts to bring the price lower and failed, causing pressure to build in the price action and BOOM -- we blew our stack. This is why I draw these rudimentary primitive charts because there is value in simplicity. In a perfect world, you would have let some of your position go well...

biffbifford

BCH on the 4hr is very interesting as the volatility is narrowing. We use both Volume Profile and standard volume indicators as references for this one. We are trading right on the Point-Of-Control (POC) were volatility is squeezing down indicating short-term stability in the price action. Whenever I see this, I wait for the explosive event that seems soon to take...

biffbifford

No magic bullets here. I like the way ETC is trading between resistance at $5.70, and support at the .618 level $4.912. The Primary trend was breached and became resistance. We are now stuck in the range indicated. We are range bound, for now, as long as we stay above $4.90/$5.00 area, I feel comfortable saying we are being accumulated and preparing to break up...

biffbifford

NO... ETH has nearly doubled since Dec 15th. A 20 to 30 percent pullback is normal and healthy. Because we Dollar-Cost-Average in all trades we do not fear a retracement in price, instead, we see price action as an opportunity. I think if we can hit the $140, maybe $145 level, I will pick up a piece here and there. Outlook: Neutral to Bullish (More range trading...

biffbifford Updated 

Sunday Fun Day! Are we having fun yet? We broke through the dreaded $35 resistance with force! LTC used that resistance level as support for the next run higher. This token is ON-FIRE! So, we will ride the wave. I hope you have been dollar-cost-averaging into the token on pullbacks! Well, as long as this coin wants to separate itself from the pack, we should let...

biffbifford Updated 

XRP is one of my favorites. This token in the case study for the practical use of the blockchain for international banking. You can see we move right on the primary trendline right into the ascending triangle preparing to go higher. I am pleased with the way things are going today, but all too aware of how quickly things can go south. I always take some profits...

biffbifford

ETC is moving with BTC and the broader crypto market. We have probed thru the $5.70 level 3 times and, therefore, I see us break above it on the way to $6.00+. I am hoping for a pullback to $5.49 to pick some more -- there is a bullish sentiment in the air and I would like to make 20 percent before "they" decide to pop some of these bubbles. I can't think of a...

biffbifford Updated 

Wow, talk about BORING? I've had more fun watching paint dry! And I have actually watched paint dry before so I'm not being overly sarcastic. Outlook: Extremely BORING On a serious note, something interesting is happening with BTC. I am not seeing unusual volume activity. The volatility is being squeezed out of the price action. This can sometimes mean an...

biffbifford

If ETH can get back on the Primary dotted Trend we will be looking right into an ascending triangle and more upside. If not we may trade in the new channel that's forming which is obvious in the chart. I like ETH and I am holding some in my portfolio of Cryptos. I am afraid when the Hard Fork is completed they will pop the air from ETH, so set your stops, alerts...

biffbifford

Wow, traders just went on holiday! The volume is drying up, the price action is stable! Who wants stable? I want to see to action. Much like BTC, BCH is compressing before another move; likely a move North. BCH is highly correlated with BTC and as of the date of this post has not established itself like the recent GOD Token LTC ( A little bias, perhaps!). Okay, so...

biffbifford

LTC is heading towards a triple top, increasing the probability it retreats if it hits the $35.00 level. $35.00 appears to be hard resistance on the 4-Hr. Please note this TA is correlated to the 4-Hr timeframe. The chart is not reflecting Bullish or Bearish sentiment. LTC is range bound. Set your alert at $35.00 and wait for retracement if you intend to...

biffbifford Updated 

Apple just filled the gap I am on the SHORT watch with Apple as there is another gap fill down at $122.00 Set your alerts, or if you are looking to get Apple really cheap PAY close attention to what happens the next few days!

biffbifford

$4100.00 has been a Hard Resistance point as seen in the chart. $3830 or so is Pont of Control (POC) and the price will attempt to gravitate there on low volume. This looks eerily like a Bear Trap with the High Probability we hit resistance and drop well below the Primary dotted Trendline to the POC. I am not comfortable buying here because there is no catalyst...

biffbifford Updated 

As I stated in my last ETH post we had a new Primary Trend forming. I suggested we retrace to the Primary Trendline before considering an entry point. A DOLLAR-COST-AVERAGING entry point. My previous post was taken down by TV for violation of their terms of the agreement. Please note that this analysis is correlated with time and price and only covers a 4-Hr...