Technical Analysis: Bitcoin (BTC), Tron (TRX), Ethereum (ETH), Litecoin (LTC)

January 11, 2019  /  by Bill Noble
Looking at Bitcoin (BTC) at a tactical level, Bitcoin (BTC) is sitting on top of intraday support near $3,688. Stochastics are oversold, so Bitcoin (BTC) may hold its ground. If Bitcoin is below this point, it would be an indication that negative news from yesterday and speculation about a fall in the cost of production… Read more

Big Coins Technicals: Bitcoin Cash (BCH), Ethereum (ETH), Total Market Cap

January 10, 2019  /  by Bill Noble
The news on Bitmain today brings Bitcoin Cash back to the forefront of the technical picture as we look for signs of distressed selling and a possible major dislocation lower.   Looking at Bitcoin Cash (BCH) on both Coinbase (Figure 1) and Bitstamp (Figure 2), we see that BCH has just hit and obviously rejected… Read more

Bitcoin (BTC), Nasdaq 100 (QQQ), and VIX: P&L Destruction

January 10, 2019  /  by Bill Noble
With Bitcoin’s (BTC) decline today coupled with the slow rally in stocks, it is a reminder that markets frequently move in ways that hurt the most people. Coming into 2019, the consensus was that tech stocks (QQQ) and equities as a whole could drop 25 percent. That decline could create a recession later in the… Read more

Market Analysis: Bitcoin (BTC) Drops Below Critical $3,900 Level, All Major Cryptocurrencies Down More Than 10%, Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Cardano (ADA), IOTA, and Monero (XMR) Down 15 Percent

January 10, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has dropped $430 (11 percent) to $3,590, placing it well below the critical $3,900 level. $3,900 has been the level to watch since that was the price of Bitcoin when the December futures contract expired on CME and is likely the level where CME Bitcoin futures traders took out their positions for the… Read more

Bitcoin (BTC) and Alt Technicals: Tron (TRX), Neo (NEO), Stellar (XLM), Cardano (ADA)

January 10, 2019  /  by Bill Noble
Looking at the big picture, the Cyrpto.IQ Trading Desk pointed out that a lot of the FOMO in alt’s occurred on Bitfinex. We suspect this may have occurred because people holding Bitcoin (BTC) at this exchange tried to move money out of Bitcoin into alts. This may have happened for two reasons: 1) FOMO in… Read more

Daily Market Analysis: Bitcoin (BTC) Stable Near $4,000, Tron (TRX), Dash (DASH), Cardano (ADA), and EOS (EOS) Rallying

January 9, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has been trading in a narrow range today and oscillating about the $4,000 level. The level to watch continues to be $3,900 since that was the price of Bitcoin when CME Futures traders likely took out their positions for the month. It seems that the $3,900 level has high gravity, and Bitcoin’s price… Read more

Daily Market Analysis: Mini Bitcoin (BTC) Rally Stomped Out; Litecoin (LTC) and Tron (TRX) Rally

January 8, 2019  /  by Zachary Mashiach
Things got a tad exciting today during the morning hours, Eastern time, with the price of Bitcoin (BTC) steadily surging from $3,975 to $4,112 on Bitstamp, which is the highest Bitcoin price of 2019 so far. It seemed like perhaps Bitcoin was finally leaving that key resistance level of $3,900 in the dust, but the… Read more

Altcoin Technical Analysis: Tron (TRX), Stellar (XLM), Neo (NEO), Cardano (ADA)

January 8, 2019  /  by Bill Noble
Much of the excitement in the cryptospace has been in the alt universe, Tron (TRX) in particular. Technically, Tron (TRX) seems to making a climactic blow-off to the upside after taking out resistance at 600 Satoshis (Figure 1). The Crypto.IQ Trading Desk has adeptly identified that major weekly resistance may stop the Tron (TRX) advance… Read more

Daily Market Analysis: Bitcoin Falls To $4,000; Ethereum (ETH), Bitcoin Cash (BCH), EOS (EOS), and Litecoin (LTC) Drop 3 to 4 Percent

January 7, 2019  /  by Zachary Mashiach
The price of Bitcoin (BTC) has been steadily declining today and is crossing through the $4,000 level as of this writing. Jan. 6 saw strong price action for Bitcoin, with the price rising from $3,800 to $4,090 on Bitstamp, puncturing the $3,900 resistance level. This rally was caused by a short squeeze simultaneous with Bitfinex’s… Read more

Big Coin Update: Litecoin (LTC), Tron (TRX), Ethereum (ETH)

January 7, 2019  /  by Bill Noble
If Litecoin (LTC) holds the area near $38, the technical structure could be very bullish. That would confirm a breakout from a head and shoulders pattern with an upward sloping neckline. Even though those patterns are not conventional, breakouts from such patterns can trigger vertical up moves. The target of the pattern is in the… Read more
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