BTC – almost in sweet spot; THETA trend broken? ULTRA oversold!
BTC touched $10,370 earlier today, completing another round trip in the $10K-$11K trading range that we highlighted on Sept 25 here. Range-bound trading is a trading strategy that seeks to identify and capitalize on coins trading in price channels....
Read moreTriangles, Channels, Trends….TFUEL, BNB, XEM, LET, QASH, ADA, ATOM
Without much foreword, we’re highlighting some interesting situations. Notice that identifying support and resistance (horizontal or diagonal trendline), are key to basic technical analysis (TA). Most of the action happens around those areas, as we explained here. Strong Up...
Read moreWeek in review; also some recent winners: TFUEL, CEL, THETA, XEM
Last week we saw an improvement in market technicals, with balanced gainers and losers. BTC has stabilized in a $10K-$11K range, which helped the altcoins as well. Many altcoins are near their strong support levels too. Below, for trend...
Read moreI see descending triangles, everywhere…ADA, EOS, DASH, XLM, VET
In the American supernatural psychological thriller The Sixth Sense (1999), Cole Sear is a boy who is able to see and talk to the dead. But everyone else thinks he’s just a psycho kid. Cole Sear: I see dead...
Read moreStuck in a range? Perfect! Just swing it…
Recognizing overall market trends is the foundation of any technical analysis. Doing so accurately greatly increases a trader’s chance of success. Trend following traders hope to catch a major up(down)trend, and ride it for days, weeks, maybe even months. ...
Read moreBTC whales are selling? plus news on ADA, VET, ETH
Yesterday, Philip Gradwell, an analyst from on chain data analytics platform Chainalysis, gave a presentation with CoinDesk, and there are a couple of key takeaways that jumped out. 1. New investors in BTC are steadily increasing, really since early...
Read moreTHETA, FTM, DGB among a few exceptions in the altcoins rout
It’s no secret that altcoins are in a correction this month, after a fantastic run. But our Screen yielded a few exceptions: DGB, FTM, THETA. These coins look like coiled springs. Still in solid uptrend with bullish MACD and...
Read moreBTC – trading the $10K-$11K range…
Remember, whichever way goes Bitcoin, the altcoins follow, and with greater force. So if you’re trading altcoins, you should care about Bitcoin setting the tone for the whole market. Bitcoin (BTC) price broke through $11,000 resistance but didn’t sustain...
Read moreWeekly performance….don’t look, it’s ugly
Last week’s top 50 performance….guess crypto is still a risk-on asset class. Resembling the ongoing correction in NASDAQ tech stocks (down 10-20%), the large cap cryptocurrencies also remained under pressure last week, with notable exceptions including Bitcoin (BTC, +2.70%),...
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