chillcrypto

chillcrypto Updated 

A healthy consolidation here would be fantastic. Personally I am inclined to set a stop to protect my recent profit. The risk obviously is a quick FOMO retracement. Trade safely friends.

chillcrypto

Correlation does not always point to causation, but one point that is clear is that the positive traded volume for GBTC has been decreasing. There are likely two reasons. One is that GBTC has become a 'held' position with fewer trading in or out, as well as there are more options available for investing in the crypto market (in my case, BLOK and ETHE). I point...

chillcrypto Updated 

It seems right now we are evenly divided between bulls and bears. I'm watching Ethereum put on a few % and meanwhile Grayscale ETH languishes, along with the rest of the market - what are investors assuming in the short term? Bearish price action. Comparing the last 4 drops in each we had, we started with a swift drop, next followed by a short term recovery but...

chillcrypto Updated 

I feel like I'm in a loop and unable to take advantage of the tops when they occur, and it is definitely something I am working on mastering before our final top of the bull run. Seems the final hour of the session with a red doji candle is an indicator to look for. At one point in today's session, we came off the low a couple of percent and that would have made a...

chillcrypto Updated 

Following a recent pattern, if we do not confirm the area of resistance we just pushed through, now as support, there is a risk we blow through it and work our way back up again. The last swing covered about 24 hours followed by days of hand wringing. Else, we confirm our recent ATH as support and move on with life. It is never that easy though. I keep telling...

chillcrypto Updated 

Not much for me to chart here so I added a Benford's Law for the heck of it demonstrating that something is different about this current push up. The price action appears to be much more controlled than previous spikes. I will guess that we have new investors entering ADA assuming that it will rise up. I have no doubt that ADA can reach its ATH but what it does...

chillcrypto

Interesting the Friday close and the Monday open draw out the exact resistance band we need to break out of. Lower chart is the current premium which will likely trend higher this week as well.

chillcrypto Updated 

Comparing the dramatic move up with previous price action, I found very few examples. In April 2020, BTC behaved very similarly, incrementally moving up for several days followed by a sudden strong move to the upside. That path maps exactly to the upper trend line I've drawn out here. Mirroring the prior path, the current path moves through the current area of...

chillcrypto

After stepping back and needing to reconfirm an area of resistance between 1960-2002, Ethereum reconfirmed prior resistance/support at 2040 and is now reconfirming a long upward trend line. Next up is the resistance area of 2130-2150. Just as Bitcoin has had difficulty with 60k, this is Ethereum’s current ceiling that needs to be broken. We should see this play...

chillcrypto

Pretty simple view, but given the current alt-coin price action lately, Litecoin is benefitting. I'm a little late in positioning here. However I'm entering a position assuming another 50% up from here based on historical activity. That's my risk however and not financial advice for you. Please do your own due diligence and make sure the trades you enter take...

chillcrypto Updated 

Not anything scientific here, just noting that the last ETH / BTC divergence proceeded a short term Bitcoin correction, prior to Bitcoin making its next run up. TradingView scales are kind of wonky zooming in/out but this may represent additional information about how Bitcoin reacts from here.

chillcrypto Updated 

Bitcoin pushes up after a couple of positive reports. Microstrategy buy, Grayscale intention to ETF. We obviously need to test and confirm as support before we celebrate the win however, this does look like a positive move. Keep an eye on the charts. Trade safely!

chillcrypto Updated 

The update from the Signalyst (on TradingView) today prompted me to redo my TA and determine the path if we were to follow prior resistance/support rejection pattern. This is obviously just using a prior behavior to present one possible option. But we worked hard at breaking through an area of resistance we have not established as support. And as the Signalyst...

chillcrypto

I use the BLOK ETF to invest in crypto assets such as Microstrategy and blockchain tech. After breaking down as it has in the past (along with Bitcoin) we are again approaching this upward trend line and will need to push through strong or re-test. In the past we pushed through strongly - which is more likely the scenario in the short term. Not investment advice....

chillcrypto Updated 

Completely unscientific. Myself and others have done the 'copy/paste' before - identifying prior activity similar to current activity. I'm just outlining timeframes here to use as a possible frame around current activity. Doing that, we should be done with most of the pullback by the end of this weekend. I have also heard that Mondays are historically a weak day...

chillcrypto Updated 

Looking around as I do on a down day, LTCN was up nearly 5% while Bitcoin and Ethereum were down. Price action seems to be moving into a wedge with a breakout expected soon. Keeping a close eye on this one if Bitcoin loses its short term luster.

chillcrypto Updated 

Yes I know, I've been told that Bitcoin doesn't always follow asset theories, but it sure did this time by breaking through a bearish descending triangle. Not sure I drew an exact symmetrical triangle triangle but it does help to identify a potential area of support that we can work off of.

chillcrypto

GDLC is a fund made up of four crypto assets noted in this chart. The fund has completed a near 20% pullback from its recent high. The fund has been trading along an upward channel and potentially could again bounce to the top of the channel along with the underlying crypto assets. This may offer an potential method of playing the volatility of the underlying...