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?
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It has finally happened. The long awaited Ethereum merge is complete and a new era for the second largest cryptocurrency has begun. Ethereum has switched from a proof-of-work system to a proof-of-stake system and drastically reduces the amount of energy it uses. The Ethereum team says energy consumption has been reduced by 99.95%. Energy and… Read More »Ethereum completes long awaited ‘merge’
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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?
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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?
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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?
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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?
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Bitcoin and Ethereum acting as I laid out in last week’s Market Moment covering the cryptocurrencies. Bitcoin has hit its support, while Ethereum battles at $3000 but a major support still sits below. Just want to mention how yesterday’s Market Moment on stocks was bang on. The Nasdaq and the S&P 500 held above our… Read More »Bitcoin and Ethereum Technical Chart Update. Support Reached.
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