Crypto Research
27 Results
BTC stress tests its 2015-2020 uptrend at 7.7K. ETH tests key level at 180
Cryptocurrencies abruptly u-turned over weekend sending most back to key technical levels as global macro worries intensified. BTC is now testing important support at 7.5-7.7K that needs to hold to keep its longer-term uptrend intact, while ETH is also testing a key level at 180. BTC – BENEFIT OF THE DOUBT AS BTC IS OVERSOLD SHORT-TERM AT LONG-TERM TREND SUPPORT. Last week, we highlighted BTC was likely starting a short-term...
BTC’S LONG-TERM PROFILE REMAINS POSITIVE Despite BTC’s volatile swings through 2018 into 2020, the longer-term chart profile remains positive with BTC in narrowing consolidation above its long-term uptrend. Granted, a series of lower highs (12/2018, 06/2019, 2019, 02/2020) remains in place and break below BTC’s 2015-2018 uptrend (7.7-8K) would be an obvious technical concern/problem. However, a break has yet to develop and a move above the 10-11K resistance band would...
FUNDSTRAT CRYPTO FX INDICES: A-D LINES ARE IN CONFIRMED UPTRENDS WITH MID-CAP CONTINUING TO LEAD Cryptocurrency breadth, as measured by the Fundstrat FS CryptoFX Advance-Decline lines continue to build positively across the large-cap (FX10), mid-cap (FX40) and small-cap (FX 250) indices. The performance of the FS CryptoFX40 Mid-cap index versus the FX10 Large-cap index is particularly noteworthy, having established a series of higher highs confirming a longer-term upside trend reversal....