Category: Trading

The Future Is Decentralized

Weekly Technical Analysis – 28 May 2018

Overall Sentiment Markets continue to remain bearish in the 2nd quarter of 2018 despite my hope that we would resume the bull trend. The market dominance charts suggest that we might see a rally in bitcoin over the coming weeks compared to altcoins. This does not necessarily mean that bitcoin will do well against the…
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May 28, 2018 0
Loom vs Ethereum

Weekly Technical Analysis – 17 May 2018

Overall Sentiment The crypto market continues to consolidate after last year’s massive run up into the end of the year. Bitcoin has retraced 70% from the all time highs around $19 500. This is completely normal if we have a look at the price action, particularly for bitcoin, since it’s inception. There is nothing noticeably…
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May 17, 2018 1

Weekly Technical Analysis – 8 May 2018

I have been travelling through Europe and have had little time to update the site. Nevertheless the crypto markets remain interesting so let’s dive in and take a look. Overall Sentiment Since my last post, Bitcoin has broken out of the large bullish flag that was forming and has moved steadily higher. We have also…
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May 8, 2018 0

Weekly Technical Analysis – 14 April 2018

Overall Sentiment This week we saw a sharp recovery in the overall market as bitcoin rose over $1 000 to the $8 000 per bitcoin mark. In particular ethereum and alts made a comeback with the former bouncing 40% from it’s early April lows. As you can see from the market capitalisations below, bitcoin lost…
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Apr 14, 2018 0

Weekly Technical Analysis – 6 April 2018

Overall Sentiment The overall market continues to grind lower and bitcoin dominance has recovered some losses since the beginning of the year. Bitcoin continues to hold the title of digital gold and a safe haven asset for cryptocurrencies when uncertainty, fear and selling start hitting the crypto markets. Bitcoin vs The Dollar The long term…
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Apr 6, 2018 0

Altcoins or Bitcoin? Trade the Cycle

Altcoins or Bitcoin The ETHBTC chart continues to show signs of strength. The majority of my portfolio was moved into Ethereum at the beginning of December. I didn’t quite catch the bottom but it’s become a lot clearer that this chart is essential in figuring out when to move into altcoins and when to be…
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Feb 13, 2018 0

Weekly Technical Analysis – Feb 6 2018

Technicals: Has bitcoin turned the corner against the dollar? Indicators are favourable and volume is strong heading into the close of today’s candle. The major bull trend is still in tact and reminds me of the great bull run of 2013 and the 80% pullback we had in April that year. The RSI is also…
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Feb 6, 2018 0