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Analysis

Analysis: Ethereum and Bitcoin Stole the Show

Posted on May 26th, 2017.

It was a busy day yesterday.  Bitcoin and Ethereum stole the show for the most part; they sucked money out of the other coins as traders tried to chase the trades.  For the most part, I can say that both those two coins went higher, and longer, than I would have guessed.  But speaking for myself, I would not buy either coin here.  They...

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Cryptocurrencies

Bad at Math

Posted on May 24th, 2017.

There’s a famous quote… “The lottery is a tax for people who are bad at math.” It seems the Trump administration is a tax for a country that stopped caring about government.

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Analysis

Analysis: Dash, Ethereum, Iconico, Litecoin, Augur, Bitcoin, Monero, Stellar Lumens, Ripple, Zcash

Posted on May 24th, 2017.

  DASH Dash has had a great couple days, but is no within sight of a 3rd arc pair at ~$150.  Likely will correct soon. Ethereum Classic ETC has also had a great few days.  A 5th arc pair is nearby at ~ $14.  It may be late to chase this one also. Ethereum ETH, like the preceding coins, has had a great few days, but is now within...

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Bitcoin

How to Invest in a Decentralized Economy?

Posted on May 22nd, 2017.

Australian-born Michael Dunworth, CEO of Silicon Valley-based blockchain Wyre, has said that financial advisors should invest in Bitcoin to understand the currency better in the decentralized economy. In a report from the Financial Standard, Dunworth said: “You don’t have to break the bank. You could invest $10, $100 or...

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Analysis

Daily Analysis: Ethereum and Bitcoin Skyrocket while Stocks Remain Stable

Posted on May 22nd, 2017.

Monday Market Recap Asset Current Value Daily Change S&P 500 2381 0.05% DAX 12588 -0.40% WTI Crude Oil 51.08 0.73% GOLD 1256.00 0.19% Bitcoin 2187 4.21% EUR/USD 1.1232 0.24% European stocks continue to underperform their global peers so far today, as the recent strength of the Euro weighs on local equities. Angela Merkel told the...

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Cryptocurrencies

The Weak & the Strong

Posted on May 22nd, 2017.

The old saying in the market “buy the rumor, sell the news” only sometimes applies to cryptocurrencies.

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Analysis

Weekly Altcoin & Bitcoin Analysis: Time to Short Bitcoin?

Posted on May 21st, 2017.

It was an exciting week for crypto traders. It seems like there are an ever-increasing number of traders joining the party doesn’t it?  Given that just a year ago there was just a handful of traders compared to now, and we still have not even scratched the surface of the number of traders out there still trading Forex exclusively, the...

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Analysis

Analysis: Bitcoin Energy Point is Today (+ Litecoin, Ethereum, Augur, Monero, Zcash & Ripple)

Posted on May 20th, 2017.

Bitcoin Bitcoin has been rallying for what seems like forever, but there is a fairly significant set of resistances in the chart that will likely be reached today or tomorrow.  A long-term 5th arc (black) and shorter-term arcs (the green 2nd arc will likely yield, but the next two will likely have a lot of stopping power, especially the...

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Analysis

Trading Analysis: Bitcoin, Litecoin, Dash, Ripple, Ethereum, Stellar Lumens & Zcash

Posted on May 19th, 2017.

Bitcoin Bitcoin continues it’s epic run toward $2100.  I note that there is an energy point on the daily chart tomorrow, and that a 5th arc is in plain sight at $2100.  Traders might want to take some profits there. DASH In our last update we identified the top of the square (highlighted) as likely support, and indeed it was.  Target of...

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Analysis

Analysis: Watch Litecoin again

Posted on May 18th, 2017.

Litecoin Litecoin has successfully closed above the arc that had been dragging it down.  I believe the low is in and a rally will ensue to at least $40. Stellar Lumens Stellar Lumens had had a huge advance, stopped not once but twice by the top of this setup. We are now below the 5th arc again, and just below (at?) the 2×1 angle...

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Bitcoin

Let’s Fight Back Against the Bitcoin Trading Bots

Posted on May 17th, 2017.

I trade on Kraken, and I have noticed that the order book is increasingly controlled, it seems, by the trading bots. I imagine that is the case on most exchanges.  There are a myriad of very small orders relatively close to the strike price, but the first significant order (to buy or sell) is usually a fair distance away.  Then, after...

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Analysis

Time to Sell Ripple? Analysis: Litecoin, Stellar Lumens, Bitcoin, Ethereum, Dash & Zcash

Posted on May 17th, 2017.

Litecoin I will go out on a limb here and say it’s time to buy ltc. There is a little bit of room to the Fibonacci vortex support, but not much.  Firm support ~ $23.  Lets look at the Gann setup: Here the picture is the same.  There was a spike low exactly at the end of the square, but recovered quickly to above the 5th square.  I...

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Bitcoin

ICO Analysis: Storj’s Move to Ethereum – Time to Buy In?

Posted on May 15th, 2017.

Storj is a decentralized cloud solution which has been in the works for quite a long time. They have gone through multiple iterations, funding rounds, and the like, and made it to market over the last couple years with a usable solution, Storj itself, semi-separated from the Storj (SJCX) token, which is used to secure the network. The...

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Analysis

Analysis: Money is Still Pouring In – Bitcoin, Litecoin, Stellar Lumens, Augur, Dash and Ethereum

Posted on May 14th, 2017.

As you all must know by now, I am a trader at heart, not an investor.  It’s always been difficult for me to buy-and-hold, because I feel like I can see where corrections will take place, so why not sell if you know its coming? But these last few days I am having a slight change of heart.  There is so much money pouring into the...

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Analysis

Analysis of Stellar Lumens, Bitcoin, Ethereum, Monero, Litecoin and Ripple

Posted on May 11th, 2017.

Cryptocurrencies ready for a third wave? This is not the time and place for an in-depth lesson on Elliot Wave Theory.  There are numerous websites that offer these lessons freely, and often times the teacher is more astute than I in this art.  If you are a trader, you owe it to yourself to learn this craft, as it is a great tool that is...

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Analysis

Bitcoin & Ethereum: Trading the News Versus Trading the Charts

Posted on May 10th, 2017.

The past few days have been tumultuous to say the least.  As you may have guessed, I have been receiving lots of emails and commentary.  There is a recurrent theme I would like to address.  We won’t hope to solve the debate here, but there has been an on-going debate for a very long time between trading by the news or by the charts. ...

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Analysis

Analysis: Monday Morning Massacre for Ethereum

Posted on May 8th, 2017.

Bitcoin Bitcoin finally succumbed to the selling pressure we have been forecasting for the past few days.  All things considered, the selling has been muted and reasonable, far more so than I expected.   This sentiment may be premature of course.  There could be another shoe waiting to drop.  But I note that a 5th arc on a 15 minute...

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Cybersecurity

TokenCard ICO Bug: End of the Road for TokenCard?

Posted on May 7th, 2017.

A Hacked member writes: Love your service. I was wondering what you thought of the tokencard bug and if you think it will negatively affect the project and it’s token value? We at Hacked did not previously cover the TokenCard ICO. Looking into it, we have less-than-positive news to report. The TokenCard team seems to be taking the...

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Analysis

Analysis: Ethereum is on a run, Bitcoin surpasses $1600 (+Ripple & Litecoin)

Posted on May 5th, 2017.

Bitcoin Bitcoin has surpassed our target of $1500 a few days earlier than I anticipated. While I think it is clear that higher prices, maybe much higher prices, are in store for this asset in the months to come, it is likely a good time to take profits if you are a short-term trader.  I will go out on a limb here and suggest that this...

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Cryptocurrencies

Cryptocurrency Analysis of Litecoin, Dash, Monero, and Ethereum Classic

Posted on May 3rd, 2017.

Litecoin Litecoin is testing a 3rd arc on the 3 hour chart as we speak. This is hardly a buy signal, but if it gets through the arc, we will likely see a rally over the next week or so to ~ $25. There are 2 energy points due later in the day. It is possible that the coin will break down. But in this era of a seemingly endless supply of...