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
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 a...
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 Rati
$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 […]
Cryptocurrencies should now correct thei...
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 […]
Before / After Analysis – Litecoin / Bit
On August 19th, 2017 we published the article Litecoin to outperform Bitcoin over the next two months when the price ratio was slightly above 0.011 and never looked back until it reached 0.019 by September 1st, 2017. LTC/XBT Ratio – 2017 Daily Price Chart – Before LTC/XBT Ratio – 2017 Daily Price Chart – After
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 […]
Ripple/Bitcoin price ratio at a very cri...
Ripple has significantly under-performed Bitcoin but now the price ratio sits on a major long term support on the weekly price chart (Source: Kraken). Breaking below it should initiate a massive sell-off but considering that the role of a support is to hold and given the RSI oversold condition it should not be surprising for […]
Augur (REP) Against Bitcoin (BTC), Don’t
Ripple, This Time Is Really Different
With The Start Of A New Month The Sky Is...
By the start of the month of July the fast 7-period monthly average is turning down and now hard pressing on the price of major cryptocurrencies, which may cause significant damage in the coming few months to complete our Bitcoin bubble popping scenario. The following price charts show that despite a lot of room separating […]
