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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...

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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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Recommendations

Investment Recommendations April 11th

Posted on April 11th, 2017.

EUR/GBP: Short-Term Sell   EUR/GBP, 4-Hour Chart Analysis The Euro remains under pressure, as the worries regarding the French elections continue to weigh on the common currency. The Pound has recovered well against its major peers after the recent correction, despite the slew of negative economic news regarding the British economy last...

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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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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

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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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 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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Articles

How to Start Trading Cryptocurrencies

Posted on March 31st, 2017.

Cryptocurrency trading can be extremely profitable if you know what you are doing, but it can also lead to disaster. Even though most traders decide to either go with fiat or bitcoin, other cryptocurrencies can represent viable income sources, as long you as you tread carefully and understand what you are doing. This guide is for those...

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Analysis

Investment Recommendations March 29th

Posted on March 29th, 2017.

Monero: Long-Term Buy Monero, 4-Hour Chart analysis Monero is consolidating near its all-time highs from last September, around the 20 level. An encouraging short-term base formation is developing between 17 and 18, and that could serve as support for a new leg up in the strong rally in March. The currency is in a wedge formation, with a...

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Articles

How to Start Your Investment Portfolio: Is the Crypto Space the Place to Invest?

Posted on March 28th, 2017.

The idea of investing for the average person can often seem like a daunting prospect. Many people may be put off by the idea of investing their hard-earned cash, let alone what they should invest in. Not only that, but the rise in digital currencies such as Bitcoin and Ethereum is further adding confusion as to whether this is a good...

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Articles

Totally Private Transactions With Cryptocurrency

Posted on March 27th, 2017.

Bitcoin’s true purpose is argued about. Some believe it is a store of value similar to gold, and that transaction fees should not matter due to this. Others, however, believe it is meant to be digital cash. When you hand over cash to a gas station cashier, there is no record besides the receipt. No one necessarily knows where that dollar...

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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

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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Articles

Researcher Sees Major Gains Ahead For Bitcoin, Silver And Gold

Posted on March 13th, 2017.

Bitcoin’s recent price swings will seem inconsequential in a few years if the predictions of one researcher come true. Clif High, a self-described expert on “predictive linguistics,” expects bitcoin, silver and gold to soar in value (live price charts) as part of major political and economic changes taking place in the United States....

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Articles

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...