Litecoin

Litecoin Chart from 12-18-2018

Not sure what to say about Litecoin other than the bleeding obvious.

  • Lots of similarities in the downwards channel post all time highs. They are relentless in their resistance to upside movements.
  • All buys during accelerated selling events, aka when price goes below support, have turned into a profitable trades.
  • A year and a bit of downtrend is market by a halving event in both cases.

Will history repeat? It usually does in crypto, but if Litecoin does not go up in the Spring of 2019 towards the Summer halving event then that could be viewed as a bad sign for Bitcoin’s next halving.

If history does repeat then buying LTCUSD in the $20’s and selling when the LTCBTC ratio nears 0.018 – 0.019 is a potential trade to keep an eye on.

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XMR Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see, just like ETH & DASH, XMR has also been bound to certain key dates. It is now time for it to start making it’s seasonal pivot if BTC cooperates as well.

 

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DASH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see DASH, like ETH, has been bound to certain key dates. It is now time for it to start making its seasonal pivot if BTC price action cooperates.

 

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Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

ETH Seasonal Pivot Approaching

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This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see ETH has been bound to certain key dates. It is now time for it to start making its seasonal pivot.

 

Free Public Telegram Group: https://t.me/joinchat/DBtrr0JbYH1w3DuFkmmvPA

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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Ethereum to Bitcoin Comparison

AltSeason 2018???

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Most crypto traders are starving for an “AltSeason” so that the non BTC markets can rally off recent lows. The general theory for the last couple years is “as ETH goes, so goes the rest of the altcoin market”. If so, then history suggests that most altcoin markets are near their cyclical bottoms.

As seen in the chart, ETH has been bound to a number of key dates, and like clockwork it keeps repeating the pattern. This would suggest a higher low to made on the daily into solstice with the market turning upwards around Boxing Day. If ETH and other markets keep moving upwards and do follow LTC’s recent movements then it is a clear sign that a top is in for all markets much like the market movements in late 2013 & early 2014. Meaning in that situation, Alts would spike rally like LTC and top with BTC then all roll off with BTC.

 

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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CRW (11.24.17)

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Click Chart to Enlarge

 

The first chart shows CRW trying to break out out a 2 month long falling/descending wedge. A confirmed reversal is printing with priced above 17300-17200sats.

The second chart shows price finding support of this longer term order block. It very recently dipped below it while inside this wedge and is trying to pop above now. If this breakout is real then that dip could be a “spring” as seen from the Wyckoff market models. CRW is a MasterNode coin with a decent dev and some market support from some higher cap individuals. This is a market worth watching.

 

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Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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DASH Consolidation Caution

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Click Chart to Enlarge

 

DASH Consolidation Caution

 

The volume profile on DASH is not looking too hot right now and warrants caution. Even if the price does breaks upwards the chance of a hard retrace is very real at this point. If the price continues to go sideways and more buys show up then the conditions change. As of now the sell volume is in charge and needs to be respected.

 

Due to the current location of daily candles the plays seem to be, LONG above the yellow horizontal support & above the green sloping downtrend. SHORT position is triggered below the yellow horizontal line with targets around 0.015 ish and if lower then about 0.0126 ish should provide strong support.

 

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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BTC BITCOIIN

New Bitcoin Horizontal Pivot

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Click Chart to Enlarge

 

 

New Bitcoin Horizontal Pivot

 

Very straight forward Bitcoin (BTC) chart today. All of our previous analysis has been spot on, and that is due to the assumption BTC price is going to experience a 3rd wave of the current bull market. The patterns will not be 100% replicas but the general wave structure rarely lets us down. If this is true then some where around $625 on the Futures Quarterly contract become the new horizontal bull-bear pivot point.

 

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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Peercoin (PPC)

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Click Chart to Enlarge

 

Peercoin (PPC)

 

 

Someone forgot to send the fax to Peercoin (PPC) that altcoins were pumping last year, and unfortunately the bleeding might continue further. BTC-e alts like PPC, NMC, NVC are in roughly the same price trends though their momentums are a bit different. PPC has tend to lead the group in the past and if so the Weekly chart says the possibility of more downside is very real.

 

Every other time the price forced the StochRSI below 50 it has pushed down to oversold and reset. A spike below support would be a great buying opportunity, why? The price has been falling in a descending wedge therefore the probability of an eventual rally is high. This is no trade to rush into. But the long term trader will want to place some low bids to take advantage of a 2x bounce, or a 4x bounce if it breaks out on the next trip up to oversold.

 

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BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

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