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 […]
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 […]
Ethereum turned decisively bearish with much room to go to the downsid...
The Binance Token Has Been Climbing A Wall of Worries Since November L...
Despite Short Term Oversold Condition Cardano ( Symbol: ADA ) Could Sl...
ADAUSD Weekly Price Chart Technically Cardano (calculated as ADAUSD) is a loosing investment proposition from its inception. The long upper spikes end of 2017 and early 2018 signal massive selling power. The subsequent recovery failed against the moving average in April this year and the pair is now capped by the declining 7-period moving average […]
