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6 Jun 2021 6 minute read 3 comments CryptoWingnut
In this post, I am going to pick up where I left off in Price Candles: An Introduction to Technical Analysis and add some very useful indicators to our chart – moving averages. These are very simple indicators, but they offer us a very easy way to ge...
6 Jun 2021 1 minute read 2 comments JCRoemer
Ethereum is having an interesting day as it bounces between moving averages on the 1H. Within the larger M pattern it appears to be forming, Ethereum is now forming a small W across the 50 EMA on the 1H. Adding to the suspense, Ethereum has the 200...
5 Jun 2021 1 minute read 0 comments JCRoemer
Just when things start looking up, Ethereum goes and pins the 200 EMA on the 1H, giving back several points of gains from overnight. Ethereum continues to trade tightly between it's 50, 200, and 800 EMA on the 1H. This last candle took us from the...
5 Jun 2021 1 minute read 0 comments trade60
The MACD is positive and hovering above its moving average.36723 is our pivotForeseeable scenario: as long as the support at 36723 holds, the bullish scenario will prevail.Alternative scenario: A collapse of 36723 would result in a decline towards 34...
5 Jun 2021 5 minute read 11 comments CryptoWingnut
In this post, we are back to discussing the crypto markets. This time, we are going to start the journey into technical analysis, with the very basics, the price candles. These seem like something that is easy at the surface, but once you actually st...
4 Jun 2021 1 minute read 0 comments JCRoemer
A couple notes on Bitcoin. We appear to be forming a wedge, but we are nowhere near its natural terminus on the 1H: The Fear factor remains high and the pattern makes a lot of sense against that backdrop. While Elon Musk & Tesla might be looking to...
4 Jun 2021 1 minute read 0 comments JCRoemer
With MATIC 35% off its high after the Great Crypto Crash of May 2021, the coin is struggling to regain it's $2 price point. However, the coin is consolidating in an extremely tight channel, as we see on the 1H: Notice how tightly MATIC is trading be...
4 Jun 2021 1 minute read 0 comments JCRoemer
Another Elon Musk tweet, another bloodbath in the crypto markets. What started as a promising day was almost certainly just more manipulation to build longs and liquidate shorts before dropping price. Fear remains the dominant emotion in the market a...
4 Jun 2021 1 minute read 0 comments Biz Wisdom
Ethereum has rallied so far this week, erasing some more losses as it crests the $2,800 level, tying last week's highs. This is bullish, although we have to consider whether or not this is indeed a resumption of the uptrend or a deadcat bounce before...
3 Jun 2021 1 minute read 0 comments JCRoemer
I'd like to dive a bit deeper later on but I felt it was important to put out a quick TA on Ethereum right now because we are getting confirmation on a reversal pattern. After trading flat since recovering from the crypto crash last month, both Ether...
