Coinbase shares were up 14% at one point today as investors were buoyed by a court ruling in a Bitcoin spot ETF case that could benefit the crypto exchange as well. The stock has given up some of those gains and this is very important for the chart which we will discuss below. With this… Read More »Coinbase stock attempts breakout on Bitcoin ETF optimism
After what has been called a crypto winter, things could be turning for bitcoin and cryptocurrencies. Yes, I understand we had the FTX news, and now some Gemini and Genesis news. But the charts are telling a different story. Before I begin on the charts, I want to highlight something I have always said about… Read More »Bitcoin and crypto reversals in play?
It was just a few weeks ago where I called the reversal in Bitcoin and other cryptos. Here is a video of me explaining the bottoming pattern and the breakouts on bitcoin and ethereum: Since that call, bitcoin has risen close to 20%, while ethereum has risen over 60%! The patterns that I look for… Read More »Major bitcoin and ethereum spill upcoming?
Rejoice Ethereum and cryptocurrency fans. Add in equity bulls too. From a technical analysis perspective, these markets are displaying reversal setups. Ethereum is more advanced, triggering its confirmation over the weekend. First off, why did I say that stock market (equity) traders should also be excited? My regular readers and I have already established that… Read More »Ethereum ready for lift off?
After weeks of warning traders that bitcoin was going to dump hard because of a major technical break, the largest crypto has hit our first short target. $20,000 is a major zone people have been watching as it was the previous highs back in 2017. A picture is worth a thousand words, so the weekly… Read More »Bitcoin hits our first target! Is $12,000 next?
How things have changed for crypto’s! The crypto market has went from a high of $3 Trillion in November 2021 to now under $1 Trillion! Bitcoin itself has fallen nearly 70% from its all-time high in November 2021. Some are saying this is crypto’s “Long Term Capital Management” moment. A highly leveraged hedge fund that… Read More »Bitcoin crash! Is $12,000 next?
Bitcoin and cryptocurrency fans have a reason to celebrate. From a technical analyst perspective, the bottom has been confirmed. What happens in the next few days becomes highly important for bitcoin and the cryptocurrency space. Luna 2.0 has been the talk of the crypto space in recent weeks. Well, news today states that Luna2 surges… Read More »Has bitcoin bottomed? Is a new uptrend beginning?