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AuthorJim Fredrickson
Jim Fredrickson

Jim Fredrickson

Jim has an MBA from the University of Southern California. He has had a long career in both Corporate Finance and IT. Along the way he discovered that trading was a vehicle with great promise, but struggled for a long time without a mentor. After having been knocked down many times and having struggled to get back up, he had an epiphany and realized that geometry was a solution. He shares his experience here. Follow him on Twitter (@jimfred1276) or email him at jimfred1276 at gmail.

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Weekly Analysis of Cryptocurrencies

Posted on April 22nd, 2017.

Bitcoin In yesterday’s column I pointed out that on a longer-term setup on the daily chart, we had a buy signal. But I neglected to point out that on a shorter-term setup on the daily chart, it was not yet given. On the shorter-term setup, we are just below a 2nd arc of a 3rd pair. Trade accordingly… Ethereum Ethereum has not...

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Analysis: Bitcoin gave a buy signal

Posted on April 21st, 2017.

Bitcoin Bitcoin gave us a buy signal on the daily chart an hour ago, when price closed above the 4th arc. This is a pleasant surprise. The next target is in the $1440 area, though longer term the target is closer to $1600.   Ethereum Ethereum continues to move sideways through an arc pair on the 3 hour chart. If it continues to move...

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Ethereum, Litecoin and Bitcoin Analysis

Posted on April 19th, 2017.

Sometimes it seems like reading charts is like tracking the weather. It seems much easier to track the course of a hurricane than it is to predict when one will start, when it’s quiet outside. Likewise, sideways movement is challenging not just because it’s so easy to lose money trading it, but because it’s hard to know...

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Analysis

Analysis of Ethereum and Litecoin

Posted on April 17th, 2017.

Ethereum ETH has been bumping along under the weight of a 3rd arc pair on a longer-term chart for the past few days. There is an energy point approaching. Which way will it likely break? Up or down? The first thing I notice is that pricetime is still below the 3rd arc, so that would be a red flag urging caution. On the other hand, price...

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Analysis

Weekend update for ETHXBT, XRPXBT, Litecoin and Bitcoin

Posted on April 15th, 2017.

The week passed by in a surprisingly different manner than I had been expecting. One week ago I thought that it was going to be an exciting week of fireworks in many of the coin markets. But overall, it was a week of sideways movements for the most part, with an awakening just in the past 2 days or so. I was therefore enticed to look a...

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Analysis

Analysis: Bitcoin is weak, Litecoin and Ethereum look strong

Posted on April 13th, 2017.

Bitcoin Bitcoin had been puzzling me. I had expected a more robust week for this coin but there it was – just staying still. There is an energy date for the coin due today, which I had been thinking might be a high at 1320 or perhaps 1440. On closer inspection of the chart I saw that there was a long wick on an obscure candle which...

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Analysis

Watch These Cryptocurrencies Today

Posted on April 10th, 2017.

I share the sentiment expressed by another writer in these pages. This is looking like it will be an exciting week for MANY cryptocurrencies. In fact, the dilemma for me seems to be trying to decide which currencies are going to offer the greatest returns. It feels kind of like being a kid in a candy shop. In summary, I like bitcoin with...

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Analysis

Analysis of Ethereum, Bitcoin, Monero, Zcash, Litecoin & Ripple

Posted on April 8th, 2017.

Ethereum Ethereum continues to drift downwards as it bounces off 2nd arc support. It still paints a (relatively) bullish long-term picture, because it is on the sunny side of the arc pair, and above the 1×1 Gann angle (blue 45 degree line). My guess at the present is that this will continue for a couple more days until it hits the...

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Analysis

Time to watch Zcash

Posted on April 7th, 2017.

I must confess to being a bit confused by the fact there seems to be more than one coin with the moniker “Z”. In the event that I am confusing my terminology, please be crystal clear that I am referring to the asset that trades as ZECUSD on Kraken. Current price ~ $59 In any event, I wanted to do an article on this asset today, because I...

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Analysis

Cryptocurrency Analysis: Litecoin surges again

Posted on April 6th, 2017.

Bitcoin My last column discussed the possibility of a close above the 1st arc pair yielding a buy signal. As it turned out, while price crossed the arc for a period, it did not close there. So to date we are still waiting on a buy signal on the daily chart. Tomorrow is an “energy day” (red vertical line). Given that we are still below...

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Analysis

Litecoin has Given a Buy Signal

Posted on April 3rd, 2017.

So many altcoins have gone vertical in the past couple of weeks that I have had to adjust my scales in almost all cases, to accommodate the current stratospheric prices when compared to prices just a couple months ago. Litecoin Here is the 3 hour chart for litecoin. As you can see, the 2nd arc, of the 2nd pair, stopped the rally and then...

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Analysis

Litecoin is Poised Like a Tight Spring & What about Ripple?

Posted on April 2nd, 2017.

Litecoin Litecoin has traded within a narrow range since it’s 100% rally of a few days ago. Regular readers will note that in the previous column we suggested that price would likely be constrained a few days until pricetime can escape from the confines of the 4th arc pair (green). Well, price is bumping along the arc as these...

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Analysis

Weekly Analysis of Cryptocurrencies

Posted on March 31st, 2017.

Litecoin As forecasted on these pages several times last week, Litecoin was the star performer for currency traders this week. Repeated suggestions were made to load up on the asset while the coin was still under $4. I am aware of several readers who took the advice. The question, as always, is: “What comes next?” As we can see, price...

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Analysis

Analysis of the Silver market

Posted on March 24th, 2017.

Silver I imagine that all silver traders have been aware that the precious metals market has been shamelessly manipulated by thieves in suits for many years/decades. What may be less well-known is that there is a rumor that one of the biggest culprits of them all, JP Morgan, has not only successfully closed out all their shorts, but has...

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Analysis

Ethereum Is Looking Strong, Bitcoin Is Disappointing

Posted on March 24th, 2017.

Ethereum has posted a strong close above resistance that has been troublesome for many days. See the chart below: That 1st arc of the 2nd pair has bedeviled this market for quite some time, but as you can see, the arc has yielded to the bulls. This is not yet a buy signal, as the 2nd arc of the pair still waits for pricetime at around...

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Analysis

Price Analysis of Bitcoin, Litecoin, Ethereum, Monero and Dash

Posted on March 21st, 2017.

Bitcoin Notwithstanding that brief drop last night on kraken (What the hell was that?  Did someone fat-finger an order????) it seems that the 4 hour chart is going to close above the 1st arc. If so, this will be both a buy signal on the the Gann chart, and also give us another “higher high”, suggesting that the trend has turned up....

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Analysis

Weekly Price Analysis: Bitcoin, Ethereum, Monero, Dash & Litecoin

Posted on March 19th, 2017.

Bitcoin Bitcoin fell sharply this week.  After touching the 3rd arc on the daily chart (red arrow) it fell very hard, but then quickly recovered and looked like all was well.  When suddenly the other shoe dropped a couple days ago. It looks like top of the 1st square of the setup has provided support, for now at least.  Elliot Wave...

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Ethereum smashed expectations

Posted on March 18th, 2017.

Ethereum set a new ATH yesterday.  When I first published last week’s forecast that ETH might double from $17 to $35, I was a bit incredulous.  I was almost embarrassed to point out that one of my setups was forecasting $45. ($45 turned out to be the closing high). Yet, we are looking at $51 now, and until this morning there had...

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Analysis

Analysis: Has Ethereum Reached its Peak? Here is Another Cryptocurrency to Watch

Posted on March 16th, 2017.

Ethereum Ethereum is looking at several layers of resistance on multiple timeframes.  It is time to exit that trade, in my opinion.  Here is an example, on the 4 hour chart: Other timeframes look equally scary.  It seems to me that more aggressive traders will look for a short in this area.  However, it is too scary to short a bull...

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Ethereum and Bitcoin Weekly Price Analysis

Posted on March 12th, 2017.

Ethereum Ethereum continues to exceed expectations. As these words are being written, Ethereum’s daily chart is sitting at the All Time High set last June. It seems highly likely to break that ATH soon. Having said that, it should come as no surprise when/if at some point shortly thereafter it comes back down to test support at that...