1. Methodology In an analysis posted two days ago we reviewed the price charts of all cryptocurrency to US Dollar pairs tradable on Kraken and identified several potential breakout configurations. Some of the cryptocoins considered appear stronger but the picture may not be completely clear about which currency to invest into for the medium term […]
Cryptocurrencies on Kraken.com In the following review we are assessing the price charts of all cryptocurrencies tradable on Kraken against the US dollar. Those cryptocurrencies that can only be exchanged against other cryptocurrencies – such as DOGE, ICN and MLN – are ignored for now. Whenever a buy suggestion is made always use a stop-loss […]
In a previous post I mentioned that Litecoin should be outperforming Bitcoin until the month of October, and while the Bitcoin price appears to be stalling below its recent historical price peak at $4,885 the Litecoin price is breaking out higher. Therefore it may be a good time for buying Litecoin against the Bitcoin. With […]
The Bitcoin price in USD appears somewhat overextended. On the daily chart it is be stalling below a slightly descending resistance line. Should the price break above the historical price peak at 4,485 BTC/USD then an new impulsive leg higher should be expected. Should on the contrary a price correction take place then there appears […]
As posted on Twitter yesterday it was anticipated for #Litecoin ($LTC) to break out higher again: The wait was not too long as the breakout happened shortly thereafter: As the uptrend should extend higher any position can now be protected with a stop-loss below the thick blue line (high risk) or below the lower triangle […]
Since the turn of the year ETHEREUM has outperformed BITCOIN as shown by the blue arrow on thee weekly chart. On the daily chart the price is clearly compressed in a horizontal triangle. If the price breaks out and reaches into the 0.09 area a trend continuation to the upside should be envisioned.
The LTCBTC ratio has hit a support line on which it has always bounced higher since the end of April 2017 (if the flash crash by the end of May is taken out of consideration). EDIT on 20 Aug 2017: The lower spike from 25 May is specific to the COINBASE exchange but is not present […]