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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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Analysis

Daily Analysis: Markets Stunned by Manchester Attack, as Dash Jumps and Bitcoin Tops $2200

Posted on May 23rd, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2394 0.08% DAX 12641 0.18% WTI Crude Oil 51.09 -0.13% GOLD 1260.00 0.12% Bitcoin 2265 5.10% EUR/USD 1.1218 -0.17%   The tragic terror attack by ISIS in Manchester dominated trading so far today, as global stocks were mixed in the cautious environment. Asian markets were...

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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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Bitcoin

Market Overview: 5 Things to Watch Next Week

Posted on May 21st, 2017.

Asset Current Value Weekly Change S&P 500 2380 -0.45% DAX 12638 -1.22% WTI Crude Oil 50.48 4.77% GOLD 1255.00 2.11% Bitcoin 1985 13.43% EUR/USD 1.1205 2.74%   1. All eyes on the VIX as volatility is creeping back The low volatility period that lasted for several weeks, ended abruptly on Wednesday, as we anticipated as the internal...

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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: 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

Daily Analysis: Bitcoin Tops $1800 as Stocks Drift To New Highs

Posted on May 9th, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2398 0.35% DAX 12758 0.61% WTI Crude Oil 46.09 0.10% GOLD 1221.00 -0.84% Bitcoin 1790 7.45% EUR/USD 1.0891 -0.36%   Global stock markets are in the green again as European and Japanese stocks are on the rise, with the Yen and the Euro both losing ground to the Dollar....

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Analysis

Why do Markets Like Bitcoin & Ethereum Violently Correct?

Posted on May 6th, 2017.

I was asked a question recently about what causes markets to correct so violently. While the answer to this question is obvious to all seasoned traders, I thought I’d spend a few minutes answering it for those who are relatively new to this arena. There are several reasons, but there are a few that stand out as the most compelling.  The...

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Analysis

Daily Analysis: Bitcoin Steals the Show, as Stocks Remain Stable

Posted on May 2nd, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2383 -0.23% DAX 12478 6.00% WTI Crude Oil 48.62 -0.45% GOLD 1256.00 -0.66% Bitcoin 1471 7.20% EUR/USD 1.0891 -0.07%   Global stock markets are slightly higher today, following the long weekend in Europe. Last week’s trends remained intact for the most part, as the...

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Darknet

Silkroad-Like Drug Market AlphaBay Starts Accepting Ethereum

Posted on May 1st, 2017.

AlphaBay, one of the more popular silkroad-like drug market operating on the darknet has begun processing eth deposits and withdrawals for purchases. An AlphaBay representative publicly stated: “We are happy to announce that Ethereum transactions are now live on Alphabay! You can now purchase your drugs using Ethereum. The minimum...

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Analysis

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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Analysis

Urgent Analysis: Bitcoin is at a Double Top + Ripple & Monero

Posted on April 26th, 2017.

Urgent update: XBTUSD I have just seen at least one setup on a 4 hour chart that suggests that XBT (bitcoin) is at a place in pricetime that suggest it may be at a turning point: As you can see, there is a double top an energy point and a 3rd arc all happening at this point in time. Individually, each of these is cause for concern. Taken...

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Bitcoin

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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Analysis

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

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...