Mate Cser on June 26th, 2017.
The crypto-market continued its correction towards the end of the weekend, as we expected, with the long-term view still pointing to more consolidation in the majors and the smaller coins as well. Ethereum remains the leader of the move, as it is back to the crucial support zone which caused a bounce during the first phase of the...
Mate Cser on June 24th, 2017.
The majors and the smaller coins are still mostly in a corrective phase after the late-spring spectacular rally that was led by Ethereum, but also boosted by Bitcoins relentless rise to all-time highs. The several 100% moves needed to be corrected, and as we wrote two weeks ago in our previous long-term outlook on Bitcoin: “Is this the...
Mate Cser on June 22nd, 2017.
Cryptocurrencies had a very quiet day, with Ethereum’s slide and Ripple’s pull-back defining sentiment. Bitcoin recovered after yesterday’s dip, and finished the US session near the $2700 level again. With financial markets definitely in summer mood, short-term traders might be in for more frustrating days and sudden moves in both...
Mate Cser on June 21st, 2017.
It’s been a strange and slightly bearish day for the crypto-market following the sudden spike lower in altcoins yesterday, as Bitcoin failed to follow through on its strength, but altcoins also acted weak, especially Ethereum. Ripple also pulled back heavily after its strong move while Litecoin remained strong, trading just below its...
Mate Cser on June 20th, 2017.
Cryptocurrencies had another calm day, until the end of the US session, at least, when a tweet from Donald Trump regarding North Korea caused turmoil in financial markets. Altcoins were sold and Bitcoin got bought after the announcement that reignited speculation about a possible “intervention” by the US. Most coins recovered quickly off...
Mate Cser on June 20th, 2017.
Tuesday Market Recap Asset Current Value Daily Change S&P 500 2443 -0.17% DAX 12847 -0.28 WTI Crude Oil 43.12 -2.92% GOLD 1244.00 -0.20% Bitcoin 2643 2.13% EUR/USD 1.1125 -0.20% Crude oil trades on a new 8-month low today, as the growing US and global supply, the OPEC-related wows, and the mounting economic worries all weigh on the...
Mate Cser on June 20th, 2017.
XRP/BTC: Short-Term Buy XRP/BTC, 4-Hour Chart Analysis XRP’s price moved above the 0.000115 BTC level in active trading this morning, triggering a buy signal with a stop below the prior swing low below 0.0001. The move comes after a more than one-month-long consolidation, which brought the pair down by more than 60%. The primary...
Mate Cser on June 14th, 2017.
The Monday correction is gathering strength again after a breather yesterday, as BTC failed to launch a new rally towards all-time highs and rolled over after the bounce. Correlations are high once again, as it is usual for a correction, and it’s likely that BTC and Ethereum will dictate the trend of the coming days, with small cap coins...
Mate Cser on June 10th, 2017.
Mate Cser on June 2nd, 2017.
Stratis and Bytecoin are the two most active coins today being up by close to 50%, while Ethereum, Bitcoin are doing nothing, probably frustrating a lot of traders who are waiting for the next big move. That said, things are looking much better than one week ago, when the “Friday-Curse” struck again, and all the major coins dropped...
Mate Cser on May 27th, 2017.
Bitcoin Bitcoin spiked down towards the first main support zone near $1875, and it’s currently trading above the $2000 level again. I expect more downside, but trading these bounces with small positions could be lucrative. The $2230 level could cap the current bounce. Ethereum ETH’s overnight minimum was around 110, a 40% top to bottom...
Jim Fredrickson 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...
Jim Fredrickson on May 22nd, 2017.
As you may have guessed, I receive emails every day from traders of all different stripes and persuasions. I answer when I can, but often just short replies as time is a valuable commodity. But there is a recurrent question that comes up, and the question is usually raised by traders I can sense are inexperienced. They ask me when...
Jim Fredrickson 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...
Jim Fredrickson 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...
Jim Fredrickson 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...
Jim Fredrickson 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...
Andrew Quenston on May 16th, 2017.
Wouldn’t it be nice to wake up every day and see your money doubled, and then again, and again? Welcome to ripple, the latest to go parabolic in a musical chair that started with Monero some months ago and seems to be going around digital currencies.
Mate Cser on May 16th, 2017.
Tuesday Market Recap Asset Current Value Daily Change S&P 500 2401 0.10% DAX 12825 0.15% WTI Crude Oil 48.95 0.18% GOLD 1234.00 0.30% Bitcoin 1744 -0.82% EUR/USD 1.1070 0.85% The major stock markets continue to trade in a narrow range near their all-time highs after the slight overnight weakness. The performance of the global...
Mate Cser on May 15th, 2017.
Monday Market Recap Asset Current Value Daily Change S&P 500 2397 -0.43% DAX 12760 -0.05% WTI Crude Oil 49.55 3.24% GOLD 1235.00 0.60% Bitcoin 1753 -2.05% EUR/USD 1.0979 0.43% Stock markets shrugged off one of the biggest hacker attacks in history as a non-event, despite the broad coverage by the media, as the main global...