Crypto Currency

Bitcoin: Don’t Ignore The Patterns On The Floor.

BTCUSD update: Negative talk about this market runs rampant while price has paused. Price is sitting on the 6K psychological support, and 5956 reversal zone boundary after establishing a large bullish pin bar. This combination of factors are what oscillators, moving averages and most talking heads do not see. The fact that this market is...
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Bitcoin Swing Trade: The Leap Back To Mid 6600s?

Long Trigger 6285 Stop 5980 Target 6640 R:R 1.25 BTCUSD update: Pin bar appears right off the 6K psychological support. Now that this reversal candle is closed, swing trade criteria can be watched for. Even though this market is still facing bearish structure, the bullish potential at this location is greater than the associated risk...
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Litecoin: Prices Cascade To Extreme Bargain?

LTCUSD update: Price is cascading to bargain basement levels as these markets follow the extreme sentiment driving BTC. This is not surprising, since the short term bearish structures have been maintained. Instead of reacting though, this is a time to pay close attention since extreme prices offer rare and unusual opportunities for long term investors...
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Ethereum: Exploring Opportunities At The Bottom?

ETHUSD update: Following BTC, this market is now testing the lower part of its major support range. 458 and 423 are reversal zone boundaries to watch for bullish price action but short term structure still points to further weakness. The best thing to do in a situation like this is accumulate small portions or stay...
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Bitcoin & Litecoin – Disparity Provides Opportunity – Position Trade

Position Trade:  LTCBTC: Buy LTC at 0.01368 –  Stop NA  – Target 0.01800 (see below for explanation) Overview: In the previous article we mentioned it there was a good possibility we test the February low at 6000.  This was not a given by any means, but with market sentiment at extreme lows, it only needed...
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Elastos – Ready Your Wallet

Elastos is a blockchain that is leveraging the strengths of several of its predecessors. A brief introduction and overview of the project is found in this prior post. In this post, I’ll give a general overview the token (ELA), supply, and use. The recent Elastos Weekly Update indicates the Simplified Payment Verification (SPV) nodes and...
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Bitcoin: Conflicting Signal? No Action Is An Action.

BTCUSD update: There is minor double top in place at 6849 followed by an inside bar low break. In other words a short signal is in effect, but in a very conflicting bullish area. We do not short these markets so the only choices we have are to lighten up or take no action. And...
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Bitcoin: Another Lower Peak?

BTCUSD update: A peak is usually associated with success, like “peak performance”, but not in the case of Bitcoin at the moment. A market peak can be a good thing if you are locking in profit there, but not if you are the one buying from the profit taker. And if buyers cannot sustain the...
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FRESCO – A Fresh Look at Token Distribution

This is the first of a series of Elastos DApp Reviews. In my hunt for interesting blockchain use cases, substantive projects, and promising tokens; as it appears that Elastos is attracting quality worthy of attention. FRESCO caught my attention with their announcement last month to launch an Initial Coin Distribution (ICD). What a novel, wise,...
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Litecoin: The Roller Coaster To 105 Again?

LTCUSD update: Litecoin has rallied nicely off the 109 area support along with the general squeeze across all of the major coins. At the moment, it is important to consider the fact that bearish signs are still present and trades must be managed carefully. Adjusting And Greed When a market sustains a rally, it does...
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