Ripple has gone no where since almost one year Ripple (XRPUSD has so much underperformed Bitcoin (BTCUSD / XBTUSD) that Ripple’s price is now back at $0.35 which it has averaged since August 2018, almost one year (yellow line on Ripple price chart here below), while Bitcoin’s performance has practically crushed any other cryptocurrency increasing […]
Before / After Analysis – Bitcoin – Cryptocurrencies Market Correctio
On June 1st 2019 we published the analysis: in which we proposed the following scenario: Bitcoin finding itself at a significant distance from any support it is hard to believe that the major June thrust should extend higher without an intervening price consolidation. Bitcoin should retreat in the aforementioned price area with $7,000 being the […]
Before / After Analysis – Bitcoin – Wake me up when 2018 Ends
In June 2018 we published: in which we proposed the following scenario for Bitcoin in US dollar: On a semi-log price chart the rise from $152.40 in Jan 2015 to $19,666 in Dec 2018 shares similarities with the previous increase from $2.22 in Oct 2011 to $1164 in Nov 2013 (Bitstamp price history) with both […]
Ethereum Attempting a Monthly Breakout and to Revert Underperformance ...
Summary: Ethereum is attempting a breakout on both the daily and monthly time frames and at the same time showing intentions to revert its underperformance against Bitcoin. Ethereum is a buy at the present level but preferably below 290 dollar and with a protective stop around 260 dollar. Daily ETHUSD Breakout in Progress At the […]
Crypto Buy Signal – Cardano/Bitcoin Ratio (ADABTC)
$ADABTC / $ADAXBT (Cardano/Bitcoin ratio) appears to be the next altcoin to recover or even pump. The signal will be confirmed when it breaks above 0.00001127, which corresponds to yesterday’s high, as the ratio is entrapped in a phase of minimum daily volatility and is stalling under a short term resistance (top yellow line on […]
Blockchain Stocks moving into Buying Area
We proposed buying $LBBC < 0.4 almost there, $DCC below 0.6 closed 0.58, $NB2 @ 18-19 made 18.3 low, $MARA on weakness & made low 2.07. https://wp.me/P8S1aB-13y Correction maybe soon over. #blockchain #crypto #mining
Ripple in a Daily Range Waiting for an Actionable Long
Our conviction is for cryptocurrencies to consolidate before extending their move higher as proposed for Bitcoin, Ethereum and Ripple in this blog post Although Ripple may have bottomed out and resumed its long term uptrend it is presently well contained within an horizontal trading range. Under such conditions and considering the corrective risk we would […]
Cryptocurrencies should now correct their sharp May Upsurge
Summary In the present blog post we explore the technical price configuration of the three major cryptocurrencies in terms of capitalization. All three virtual currencies have surged in June are find themselves now in the middle of a vacuum between support and resistance. Although it cannot be ruled out for the May bull trend to […]
Bitcoin is as Overbought as it Can Get
The following chart shows the full Bitcoin bull market in US dollar from 2017-2018 with a logarithmic price scale on a 3-day time scale (that is unique to Kraken). During this phase there were multiple instances where the market exhibited a lasting overbought condition with the RSI (9) reaching above 90, identified from (1) to […]
