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Crypto Technical Analysis

Crypto Technical Analysis

BTC SURGES THROUGH 13.8K RESISTANCE = ANOTHER LONG-TERM BULLISH TECHNICAL DEVELOPMENT IN BTC’S FAVOR.  BTC’s recent surge through the June 2019 resistance highs at 13.8K is yet another bullish check mark confirming a new bull cycle. While a very short-term pause appears likely (see below) we encourage investors to remain focused on the longer-term bullish...

BTC tests 15K – Now what? – Buying pullbacks in an emerging bull cycle
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BTC collapses but holds 200-week sma, ETH vs BTC holds .22

Heavy technical damage but a few silver liningsLast week’s collapse in cryptocurrencies has left most chart patterns badly compromised with BTC breaking below its 2015-2020 uptrend. However, despite the technical damage that is now in place there are some silver linings developing notably that BTC has held and rallied from...

What next after BTC’s surge toward next resistance near 13.8K?

For a full copy of this report in PDF format click this link. After surging through resistance at the August highs near 12.5K  over the past week, BTC is closing in on next major resistance near June 2019 highs at 13.8K. With short-term trading indicators pushing into overbought territory, traders...

Crypto sells off with risk assets but is holding above first key support

Crypto sell off with most risk assets – Cryptocurrencies broadly sold off today along with most risk assets raising the question of whether a bigger correction is developing. While a deeper correction is always possible it is premature to technically conclude BTC’s May-June trading range is morphing into a downtrend....

BTC remains range bound as select Alts showing signs of bottoming

A pullback for BTC along with most risk assets but a few key Alts showing early signs of bottoming  at support – Cryptocurrencies, faded over the past week, with BTC dropping from just under 10K resistance last Tuesday in conjunction with most other risk assets, with short-term lows developing this...

Crypto break-outs pending? Tight consolidations look bullish

Seeing is believing for many TA’s but traders and investors don’t always have that luxury – Many technical analysts understandably prefer to see technical patterns resolve in one direction or another before committing new capital to a developing trend. We  have said it before, pre-judging technical patterns before they resolve...

BTC whipsaws but select Alts soldier higher following May break-outs

BTC’s temporary break out leaves it back in the box but Alts continue to trend higher. BTC, once again, whipsawed traders over the past few days temporarily gapping up above the widely watched 10K resistance level only to gap back down into its May trading range to test 9.1K support and settle back to where […]

BTC consolidating at resistance but ADA breaks out, ETH likely to follow

Over the past week BTC broke below near-term support levels at its 15-dma and then a key level 9.1K coinciding with its March-May uptrend, only to bounce back over the past three days. In fact, while the very short-term volatility violated near-term support raising trading concerns BTC was potentially into...

10K remains key resistance for BTC with 9.1K important trading support

Similar to other risk assets, such as the S&P 500, BTC has traded in a relatively narrow range under resistance through May. A breakout in either direction from the recent trading range is likely to signal BTC’s next tactical  directional shift. 10k followed by 10.5k remain the levels traders are...

The importance of 8K and 10K for BTC – Key levels for ETH and ADA

Bullish news but a volatile technical response – Despite the past week’s quick sell-off from resistance that saw most crypto currencies break below rising 15-dma’s, most coins remain in uptrends supporting long side exposure. As always, we find it noteworthy that despite seemingly bullish expectations regarding BTC’s halving, Paul Tudor...

BTC challenges 9-9.5K resistance making new 7-month highs vs S&P 500

A pause for most Alts but BTC remains resilient, challenging 9.5K heading into its halving – Most cryptocurrencies paused or pulled back over the past week after rallying into resistance bands with short-term momentum peaking at overbought levels. BTC also paused but has been impressively more resilient notably over the...

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