Tron (TRX), Ethereum (ETH) Litecoin (LTC): Support and Resistance

January 15, 2019  /  by Bill Noble
Looking at a three-day chart of Tron (TRX), we see strong technical resistance in TRXBTC at 700 satoshis. That is the level of the top Bollinger Band and an interesting horizontal level that dates back to April and June. 757 satoshis is a resistance level above that (Figure 1). Figure 1 Tron (TRX) is going… Read more

Market Analysis: All Major Cryptocurrencies Up 4-10 Percent, Tron (TRX) Rallies 15 Percent

January 14, 2019  /  by Zachary Mashiach
The crypto market has been like a rollercoaster the past couple of days. Yesterday, Bitcoin (BTC) plunged from $3,620 to $3,500 in less than 30 minutes, and today, Bitcoin rallied from $3,530 to $3,670 in about an hour. Afterward, the price of Bitcoin slowly increased to $3,700 but has now dropped a bit and is… Read more

Bitcoin (BTC): The Road Map into Chinese New Year

January 14, 2019  /  by Bill Noble
Looking at Bitcoin (BTC) on BitMEX, we see that XBTUSD is near resistance near $3,700 (Figure 1). Bitcoin (BTC) would have to be above that point in order to get constructive.  $3,700 is the location of a diagonal lines that have acted as both resistance and trigger points for big down moves. Figure 1 Assuming… Read more

USD Coin (USDC) Rapidly Growing; May Overtake Tether (USDT) to Become Top Stablecoin

January 14, 2019  /  by Zachary Mashiach
The circulating supply of USD Coin (USDC) has risen $70 million in the past week alone, with consistent day over day gains of millions of dollars. As of this writing, there are 361.1 million USD Coin (USDC) in circulation. This is still only a fraction of the 1.928 billion Tether (USDT) in circulation, but it… Read more

Market Analysis: Top Cryptos Falling before Constantinople Hard Fork — Bitcoin (BTC) Drops to $3,500, TRON (TRX) Dumping, Ripple (XRP) Lead Over Ethereum (ETH) Grows

January 13, 2019  /  by Zachary Mashiach
The price of Bitcoin (BTC) was in a narrow trading range near $3,600 since the crash on Jan. 10, but this morning, Bitcoin (BTC) quickly declined to $3,500. Bitcoin (BTC) remains well below the critical $3,900 level where CME Bitcoin futures traders likely took out short positions. $3,900 continues to be the level to watch.… Read more

Technical Analysis: Bitcoin (BTC), Ethereum (ETH), Polymath (POLY) — All Stop, Quit Quiet

January 11, 2019  /  by Bill Noble
Believe it or not, there is a lot to say about today’s non-event price action. As of this writing,  at 5:30 p.m. EST, the extremely tight range may be an important signal unto itself. Beginning in November, if there was a really small candlestick after a big move up or a big down move, that… Read more

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
1 31 32 33 34 35 42