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Bitcoin Update April 25th

Posted on April 25th, 2017.

Bitcoin: Long-Term Buy (update)   Bitcoin, 4-Hour Chart Analysis Bitcoin has been edging higher towards the $1290 level so far this week and traded as high as $1275 today. Volatility is expected to rise in the vicinity of the prior all-time high, and long-term traders could consider taking some chips off the table and leaving a core...

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Ethereum, Bitcoin, Litecoin & DASH Analysis

Posted on April 24th, 2017.

Ethereum Regular readers will know that we have been waiting several days for ETH to pass through an arc pair. As shown in the picture below, that has happened, and the asset broke upwards as soon as it was able to. This is a rather bullish development. The next arc pair is in the area of $62, and will likely be heading there. Bitcoin As...

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Analysis

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

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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Analysis

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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Bitcoin

Long Term Bitcoin Analysis

Posted on April 14th, 2017.

Bitcoin (BTC) extended upside movement against the US Dollar (USD) on Thursday to a weekly high of 1229, rallying the price of BTC/USD to more than 1200, the psychological number, as Japan legalized the cryptocurrency as online payment method while Russia is also mulling over to authorize the cryptocurrency. The technical bias however...

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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

Coming Week: Stocks Mostly Bullish, Cryptocurrencies Going for New Records?

Posted on April 9th, 2017.

Asset Current Value Weekly Change S&P 500 2355 -0.30% DAX 12225 -0.71% WTI Crude Oil 52.23 2.78% GOLD 1257.50 0.81% Bitcoin 1180 9.20% EUR/USD 1.0599 -0.53%    5 Things to Watch Next Week Will the Syrian situation escalate further? Although wars are far from being 100% negative for stocks, the Syrian conflict has the potential of...

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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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Bitcoin

Investment Recommendations April 7th

Posted on April 7th, 2017.

Litecoin: Short-Term Buy   Litecoin, 1-Hour Chart Analysis Another push to new highs is expected in Litecoin as the cryptocurrecncy seem to have found support near the $9.50-$9.75 zone. The $12.50 level remains in focus as LTC already doubled in April. If the current breakout continues, even the $20 level might be in play, with no major...

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Analysis

ICO Analysis: Cosmos “Blockchain of Blockchains”

Posted on April 6th, 2017.

Cosmos is a novel answer to “sidechains,” which aims to enable users to traverse a galaxy of blockchains with ease. One intended usage of the platform will be to enable automated overflow of transactions, due to the congestion in current cryptocurrency designs. Cosmos consists of “zones” and “hubs.” A “zone” can become congested, just...

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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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Articles

Will a Bitcoin Hard Fork Create Two Coins? – Bitcoin Unlimited Explained

Posted on April 3rd, 2017.

The past two weeks have been some of the most intense in bitcoin’s history as Bitcoin Core and Bitcoin Unlimited went head to head in what appears to be the last metaphorical battle. Bugs in Bitcoin Unlimited were irresponsibly revealed and exploited. It was then found the bug was partly due to Bitcoin Core’s use of asserts in...

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Analysis

Weekly Analysis: Stocks at Decision Point, Altcoins Still on Fire

Posted on April 2nd, 2017.

Asset Current Value Weekly Change S&P 500 2363 0.80% DAX 12312 2.06% WTI Crude Oil 50.81 5.92% GOLD 1247.50 -0.24% Bitcoin 1075 1.32% EUR/USD 1.0657 -1.49% 5 Things to Watch Next Week Will Bitcoin target its all-time high? The most important cryptocurrency scared bulls last weekend as it spiked lower to $900 before recovering above...

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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

Daily Analysis: Stocks Trade Sideways Again, Litecoin Surges

Posted on March 30th, 2017.

Thursday Market Recap Asset Current Value Daily Change S&P 500 2353 0.21% DAX 12226 0.16% WTI Crude Oil 49.83 0.63% GOLD 1248.50 -0.43% Bitcoin 1033.30 -1.30% EUR/USD 1.0736 -0.26%   Financial markets had another quiet day before the US GDP print, as the key stock markets consolidated below their weekly highs, and investors remain...