Year: 2019

Litecoin Breaks Out First

Most of the top cryptocurrencies entered what is known as a tightening pattern with lower highs and higher lows. While most of them are still in this pattern, Litecoin took the lead and broke out of it with follow through action. Yesterday, Litecoin gained 13% and traded as high as $103.9 breaking the resistance at […]

Continue Reading

Bitcoin Confirms Equilibrium Pattern

The market has been fairly silent the past few days and we have seen some consolidation happen for most top cryptocurrencies with the exception of BNB. Bitcoin has now pretty much confirmed an equilibrium pattern. An equilibrium pattern occurs when an asset forms a lower high and a higher low compared to the previous ones. […]

Continue Reading

BNB Lead Bull

BNB still stands as the lead bull in the crypto market and continues making exceptional gains every single day. Currently trading at $31.4 and forming yet another bull flag on the daily chart. BNB barely had any consolidation in the weekly chart and it’s still in the overbought RSI area. The daily chart RSI is […]

Continue Reading

Bitcoin Reclaims $8000

After 2 days of bearish action, Bitcoin jumped right back over the $8000 level and it’s currently trading at $8066. The RSI levels were cooled off a little, however they are now overextended again on the daily chart. Bitcoin found strong support at $6913 and it’s now gaining a lot of momentum enough to break […]

Continue Reading

BNB Holds On Strong

Finally, after several weeks of bullish movement, the market has taken a break and bears jumped right in, some of the top cryptocurrencies experienced 10-15% losses. BNB however saw a much stronger bullish reaction to the recent dip. Trading as low as $23.14 bulls bought the dip and pushed the price back up to $26.86 […]

Continue Reading

XRP Absolutely Explodes

XRP the lagger in the crypto market finally woke up and literally exploded upwards with 25% gains in 1 day and huge volume behind it. Bulls are looking really strong and all the 5 minute dips were bought instantly with 4-5% gains within a few minutes. The weekly time frame seems to have changed the […]

Continue Reading

Bitcoin nuking the $7000 resistance level

Bitcoin continues its strong bullish uptrend and continues breaking crucial resistance levels like the $7000 resistance level. Shortly, after breaking the $7000 level, bitcoin continued to show steady gains up to $7521 when a big sell off was triggered down to $6750 but it’s now trading at +$7000. Clearly the strength of bitcoin is unmatched […]

Continue Reading

BNB faces short-term bearish action.

BNB has slowed down slightly during the past week and bears have taken advantage of it. The support level was broken and bears have seen a good amount of follow through action. This small bearish movement was no surprise however, the RSI in the weekly chart was still overextended and some consolidation was needed. Overall […]

Continue Reading

Bitcoin continues to rise.

Bitcoin momentum doesn’t seem to have an end and continues its strong uptrend. The cryptocurrency market was hit by quite a few bad news lately but the price doesn’t seem to react at all. In fact it seems to become stronger even though recently Binance was hacked and lost $40 million. The weekly chart has […]

Continue Reading

Ethereum ascends to the top

Ethereum has been the weakest crypto during this mini bull run, however on May 6th Ethereum finally saw some big gains with 4 big green candlesticks on the 4-Hour chart amassing massive gains close to 12%. The big move started at $157.78 and peaked at $180.69 just 4 candlesticks later. This is definitely a switch […]

Continue Reading