Technical Analysis

Technical Update – 10-3-2018
Technical Analysis

Technical Update – 10-3-2018

XRP A Big Mover The last couple weeks have not been very eventful. Take a look at a bitcoin chart and it's not difficult to see. The notable exception is Ripple (XRP) which more than doubled in price. The most likely cause for this price spike is speculation surrounding xRapid,…
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Technical Update – 9-16-2018
Technical Analysis

Technical Update – 9-16-2018

Hi traders! The last two weeks have been hectic and we hope you are doing well (or at least hanging in there!). This was a time period where you should be happy if you just broke even. In this installment we'll take a look at the market action over the…
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Technical Update – 9-3-2018
Technical Analysis

Technical Update – 9-3-2018

Hi everyone, we hope your trading is going well! This post will be slightly different than posts in the past. I will start by reviewing what has happened in the last month and then talk about some of my longer term thinking. Short term price action has become extremely sluggish…
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Technical Update – 8-3-18
Technical Analysis

Technical Update – 8-3-18

It has been a while since my last post. About a month ago the price of bitcoin bottomed around $5,850. At that point in time the market depth charts showed an a large amount of buyers compared to sellers. When the market turned up, the two month long downtrend line…
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Technical Update – 6-1-18
Technical Analysis

Technical Update – 6-1-18

­ What Have the Markets Been Up To Lately? Hi traders! The cryptocurrency markets have been very flat lately. Since my last post the price has declined from the lower $8000s to the mid $7000s, with a low if around $7,100. Most of the market has followed with slight declines.…
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Technical Update – 5-18-18
Technical Analysis

Technical Update – 5-18-18

Hi traders! Unfortunately, the last two weeks have not been very good for cryptocurrencies. If you have been shorting the market you may be up quite bit though! Bitcoin has fallen from slightly below $10,000 two weeks ago to around $8,000 this morning. Looking at the other coins traded on…
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Technical Analysis

Technical Update – 5-4-18

The price of cryptocurrencies has continued to increase over the last couple weeks. This is great news unless you are trying to short sell! Let's take a look at some high level cryptocurrency technical analysis examples so we can get an understanding of what's been happening in the market lately.…
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Technical Analysis

Technical Update – 4-20-18

Hey traders! It’s been an exciting few weeks for the markets. Two weeks ago BTC was stagnant in the $6,500 - $7,000 range and the market sentiment was extremely negative. The number of shorts on Bitfinex were at record levels. We were still under the longer-term downtrend line originating at…
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Technical Analysis

Technical Update – 4-6-18

The market has been down the last few weeks but that doesn't mean that opportunites don't exist. Using some technical analysis on Bitcoin we can form some conclusions on where the best opportunities lie. In this post I have used cryptowat.ch for charting and GDAX for the market depth charts.…
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Technical Analysis

Technical Update – 3-23-18

The cryptocurrency markets may be acting a little slower than we have become accustomed to but this is normal. There are still opportunities though and you can find them by using basic technical analysis. Remember, the simpler the better! I would like to point out a few things I am…
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