BITFINEX:XRPUSD In the days leading up to the end of August, XRP showed great promise with prices rallying toward a high of just under $0.3. That uptick was accompanied by strong volume only to see a significant pullback and by the mid of September the price had seen a 100% retracement from $0.3 to $0.14. This situation left a lot of disappointed bulls who'd...
BITFINEX:BTCUSD BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary. There has also been a trend of decreasing volume throughout the past...
XRP has been range bound a for quite some time. A recommendation on trading positions would be ill-advised at the moment but based on our symmetrical triangle, its evident that a break above the %50 retracement level would signal a bullish move. Buy orders trigger after a day or two close above the 50% mark. A fake-out may ensue after interest is overtaken by...
Over the past few days, approximately since September 15th, Litecoin has been holding steady within a price range of $45 & $57. Safe to say since the last dip that resulted in a low that hadn't been visited since mid-June is that LTC is in consolidation as a number of traders and investors exited early after the high volume peak on 15th September. Uncertainty...
POLONIEX:DGBBTC After a +1000% price increase in June, DGB has been going through a long-term correction phase with key support holding significantly at 250 Satoshis. This presents a potential entry position for a long play whether short or long term. BITTREX:DGBBTC RSI also shows us an interesting pattern replaying. Strength responds in kind after a weak...
BITFINEX:ETHUSD The overall market sentiment over the past few weeks has been volatile and despite major swings throughout the cryto market, Ether seems to have began displaying an authentic consolidation pattern: As noted before in previous consolidation articles, a couple of the signals for potential consolidation would be a decrease in price volatility,...
BITFINEX:BTCUSD Over the past week BTC seems to have been developing a few interesting trends and based on the current chart with a one day time-frame I want to discuss one of the most evident patterns that will be familiar to most and probably new to some. In this case, we'll be talking about the triangle breakout which I believe to be in play at the moment,...
BITFINEX:ZECUSD Price volume patterns seem to be one of the most appropriate methods of analyzing a trend based on price fluctuations and volume surge and/or drawbacks. A bullish pattern tends to include the springboard(failed break below support level) near consolidation support, a pullback that retraces 50% of the prior advance in price and high volume...
BITFINEX:ZECUSD ZEC analysis shows us that the current ZCash breakout was signaled after the three of four phases of price movement: accumulation, markup, and distribution. A potential markdown may be incoming. Similar to BTC, understanding price positioning for the overall market and stock couldn't be more important. In this scenario, we witnessed a price...
BITFINEX:BTCUSD BTC supply and demand analysis over a long period of time shows us some interesting trend patterns developing over time and repeating themselves. There happen to be four phases of price movement: accumulation, markup, distribution and markdown. Understanding the price position for the broad market and the individual stock before initiating a...
BITFINEX:XRPUSD "Trading is not an art it's a science, a numbers game" - The notion that trading is an art that only a few people can understand has always been a notion that I cannot quantify. When it comes down to it, trading and investing is a numbers game. The willing demand and supply at the various price levels is what determines the overall price...
BITFINEX:LTCUSD LTC having followed the recent temporary bullish pattern initiated by BTC, we can see the price break past the 0.618 retracement level. In my recent post on this matter, I had expressed concern for a potential breakout down toward the 0.786 retracement level as an overall downward trend is still in play. That being said, two things are...
BITFINEX:LTCUSD LTC for the most part has been holding steady with support around the $44 level (c & e). It looks like we're witnessing a price correction before finding resistance at the 0.618 retracement level. The current pattern displays signs of consolidation raised up by market uncertainty and the competition between bulls and bears during false...
BITFINEX:ETHUSD A potential consolidation pattern may be forming. For those unfamiliar with consolidation, it refers to the movement of the price within a well-defined pattern of trading levels. With the recent uncertainty across crypto markets, a period of indecision may be ensuing on Ethereum's current price. Traders recently went through a price...
BITFINEX:BTCUSD I want to crush a few misconceptions or moments of emotion for the folks who think trading on impulse when the candlestick breaks slightly above the MA signals bullish behavior. A lot of questions regarding whether the BTC price has become bullish or bearish seem to go either unanswered or a few folks leave a very vague and misleading...
BITFINEX:LTCUSD Yesterday we witnessed a bearish market pushing prices down across the charts and LTC went along for the ride. Our previous predicitons showed that we were targeting (c) as a defining support level. Currently the potential to break below 0.382 retracement levels clearly indicates if that were to happen we would see a potential low of $32 to...
BITFINEX:BTCUSD Everywhere online over the past few days I've read and heard of a number of opinions from people, either bullish or bearish. Short this or go long on that. Personally, based on my past predictions you'll notice that I focused on staying neutral for good reason. A short position 24 hours ago may have very well been a good opportunity and...
BITFINEX:BTCUSD 24 hours ago, there was a tendency for bullish behavior. In some cases, the BTC price broke past traders trend line and a number of people took the bait. I believe this to be a premature move to stake brand new long investments on BTC especially after the announcement by the Chinese that crypto-exchange heads could not leave the country...