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Ethereum, ETCUSD and ZECUSD looking tired

Posted on April 30th, 2017.

In my last column I suggested that ethusd would be going higher.  If you take a look at the picture I sent in with that column, you can see that at that time, pricetime was at the high point indicated by the red arrow in the picture below. Price was above the 2nd of the 4th arc pair.  This is an excellent indication of the way markets...

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Weekly Analysis: Ethereum, Litecoin, Monero, Bitcoin, Augur & Ripple

Posted on April 29th, 2017.

This week was outstanding for cryptocurrencies. And, I expect next week will be even more so. I will give a brief rundown of many of the more actively traded coins, ending with my favorite of the day. ETCUSD This sleeper has rallied hard all week. She got past the $4 mark, but is staring at a 5th arc at ~ $5.70.  This was a great catch...

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Ethereum’s run is not over yet

Posted on April 28th, 2017.

Ethereum Ethereum has been on a tear for several days now.  As regular readers know, I had a target of $60-62.  That target was reached a few days earlier than I expected, and I fully intended to focus my attention elsewhere after exiting at $60.  But the advance has not stopped yet. Pricetime is giving every indication that it will push...

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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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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

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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Weekly Analysis: The Trump Saga Continues, so does Ethereum’s Surge

Posted on March 26th, 2017.

Asset Current Value Weekly Change S&P 500 2344 -1.44% DAX 12064 -0.55% WTI Crude Oil 48.10 -1.39% GOLD 1243.50 1.07% Bitcoin 926 -13.57% EUR/USD 1.0798 0.56% 5 Things to Watch Next Week The Dollar: Will the weakness continue? The US Dollar has been in trouble since the recent Federal Reserve meeting, despite the fact that the central...

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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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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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Articles

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: 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...