Market Analysis: Crypto Market Turns Bullish Again and Recovers Yesterday’s Losses, Bitcoin (BTC) Back to $5,000

April 5, 2019  /  by Zachary Mashiach
The bearish trading activity yesterday afternoon and evening ended up being short-lived. Bitcoin (BTC) has risen to $5,000 throughout the day, and the total crypto market cap has increased from $167 billion to $176 billion. Yesterday’s losses have been completely recovered. Bitcoin (BTC) has support near $4,800, and resistance at $5,100 as well as $5,300… Read more

Market Analysis: The Bears Come Back, Most of Yesterday’s Gains Erased

April 4, 2019  /  by Zachary Mashiach
From Tuesday through yesterday afternoon, the crypto market experienced its biggest rally of 2019. Bitcoin (BTC) rose from $4,150 to as high as $5,350 (29%) and the total crypto market cap surged from $147 billion to $185 billion (26%). This rally came to a halt yesterday evening, with the bears coming back in force and… Read more

Bitcoin (BTC): Analogs Tracking Nicely

April 4, 2019  /  by Bill Noble
At the start of this rally, we published a piece highlighting two analogs to create a map to navigate the rally in Bitcoin (BTC). In that piece, we highlighted that the April rally in Bitcoin (BTC) was likely the mirror opposite of the November decline. In November, the initial 10% decline was followed by a… Read more

Market Analysis: Bitcoin (BTC) Rallies to $5,300, Total Crypto Market Cap Surges Another $19 Billion, Several Major Cryptocurrencies Up Over 20 Percent

April 3, 2019  /  by Zachary Mashiach
The crypto rally that began yesterday has continued in full force today. Since 1 a.m. Eastern time the price of Bitcoin (BTC) has increased from $4,900 to $5,300. Since Bitcoin (BTC) is rising to new 2019 highs right now, it is difficult to ascertain where the resistance level is. There may be a long-term resistance… Read more

Big Coin Technicals: Could the Litecoin (LTC) Bid Move to Ethereum (ETH)?

April 3, 2019  /  by Bill Noble
Looking at a three-day chart, Litecoin (LTC) is approaching major resistance at $105. $105 is the 23 percent retracement of the entire bear market. $105 is also the location of two prior lows in January and April of 2018 (Figure 1) Figure 1 We see a possibility for Ethereum (ETH) to start rising the way… Read more

Bitcoin (BTC): The Analogs We are Following

April 2, 2019  /  by Bill Noble
Now that it is finally “game on” in Bitcoin (BTC), we are following two analogs to help map the way forward. The first is an analog that shows how the consolidation before the recent up move is the mirror image of the consolidation that preceded last year’s down move (Figure 1). Figure 1 The consolidation… Read more

Bitcoin (BTC) Approaching Crucial Long Term Resistance Level of $4,200, Dogecoin (DOGE) Rallies 18 Percent

April 1, 2019  /  by Cathy Zollo
Bitcoin (BTC) Approaching Crucial Long Term Resistance Level of $4,200, Dogecoin (DOGE) Rallies 18 Percent The price of Bitcoin (BTC) has been steadily rising in a stepwise fashion from $3,850 on March 25 to $4,130 currently. Yesterday evening, the price of Bitcoin (BTC) jumped above $4,100, and this morning, Bitcoin (BTC) rose as high as… Read more

Bitcoin (BTC) and Litecoin (LTC) vs. Raven (RVN) and Ethereum (ETH): A Study in Contrast

April 1, 2019  /  by Bill Noble
Looking at Bitcoin (BTC) on BitMEX, there is major resistance at $4150 (Figure 1). Obviously, that resistance needs to be overcome to expect more upside in Bitcoin (BTC). Tactical players will likely try and be short at this level. As of now, we expect HODLers to not sell here. So, shorts are going to need… Read more

Market Analysis: Bitcoin (BTC) Punches Through $4,000 Resistance Level, Rest of Crypto Market Mixed

March 29, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has finally punched through the stubborn $4,000 resistance level after battling with this resistance level for two weeks. During the early morning hours before sunrise, Bitcoin (BTC) rallied from $4,000 to $4,100. Around 6 a.m. the price was moving up rapidly, and this was likely a short squeeze. By the late morning, Bitcoin… Read more

The Tokenization of Everything: Raven (RVN) and Polymath (POLY)

March 29, 2019  /  by Bill Noble
Headed into the weekend, we thought it best to look at charts that were linked to tokenizing assets such as real estate as well as coins that might be involved in the new type of ICO.s: STO’s (security token offerings). Ethereum (ETH) is bouncing off a trendline at $137 (Figure 1). This is promising because… Read more