Posts by Mr. X
TCV Crypto Trade Alert – ChainLink (LINK) trading idea (October 6, 2019)
Market Commentary There has been some bullish chatter regarding ChainLink (LINK) recently. LINK/USDT appears to have formed a market structure bottom having bounced twice off the 200-day SMA area (purple line), as seen in the daily logarithmic chart below. The bullish momentum appears to be accelerating, and Coinbase has recently added ChainLink, which is attracting…
Read MoreExtended TCV Crypto Market Update (October 1, 2019)
Introductory Note This “Extended” TCV Crypto Market Update will be a bit longer than usual because the market has allowed us the opportunity to catch our breath. There aren’t very many bullish altcoin trading setups right now, so we are using this extra time to provide more coverage regarding what I believe are important…
Read MoreTCV Crypto Alert – Bitcoin (BTC) bearish breakdown after hashrate flash crash (September 24, 2019)
Market Commentary As predicted in the previous Crypto Market Update and in the Bitcoin (BTC) Crypto Alert earlier this month, prices continued to stabilize in the $9.4k-$12.3k range for the majority of the month of September, spending much of the time consolidating in the low $10k area, and continued consolidating according to plan for the…
Read MoreTCV Crypto Trade Alert – EOS.io (EOS) trading idea (September 15, 2019)
Market Commentary EOS appears to be forming a market structure bottom in the 88.6% Fibonacci retracement area as highlighted in the chart below, with multiple indicators shifting towards bullish. Some of the recent bullishness appears to be anticipation of the upcoming EOS Authority 1.8 launch in the coming days. My trading idea is to buy…
Read MoreTCV Crypto Alert – Bitcoin (BTC) slowly shifting back towards bullish (September 4, 2019)
Market Commentary In the time that has elapsed since I published the Crypto Market Update about a week ago, Bitcoin (BTC) has been gradually appearing less bearish. It is a positive sign for the bulls that BTC/USD failed to break below the $9,320 low from August 29th, and actually made some bullish moves over the…
Read MoreTCV Crypto Alert – Monero (XMR) attempting a bounce, Travala accepts XMR (September 1, 2019)
Market Commentary After breaking down below support at 0.0074 this past week, XMR/BTC made a local low at 0.00690968. Since then, it found some support in the 0.0070 region, and began to bounce upward toward resistance in the 0.0077-0.0082 area, as seen in the 4-hour chart below. Poloniex XMR/BTC 4-hour chart with with breakdown below…
Read MoreTCV Crypto Market Update (August 28, 2019)
Crypto Market Commentary & Outlook The seasonality and overall sentiment of the crypto markets appear to indicate that altcoins may continue to remain under pressure for some time, possibly for several more months. Since rebounding strongly off the lows of $3122 earlier this year, Bitcoin (BTC) has continued to remain in the spotlight and…
Read MoreTCV Crypto Alert – Bitcoin (BTC) bearish price drop (August 16, 2019)
Market Commentary We’ve seen some frustrating conditions for Bitcoin (BTC) bulls over the past week as prices dropped from the recent high of $12,320 down to current levels near $9,850. As seen in the 12-hour linear chart below, prices are still caught in the descending channel and price action appears to be increasingly bearish in…
Read MoreTCV Crypto Market Update (August 8, 2019)
Crypto Market Commentary Venezuela used a crypto wallet app to convert airport tax funds into Bitcoin and avoid economic sanctions It was recently reported that Venezuela used a crypto wallet app to bypass economic sanctions by converting funds received via taxes from its airports into cryptocurrencies including Bitcoin. The cryptocurrency was then reportedly deposited…
Read MoreTCV Crypto Trade Alert – Grin (GRIN) (August 2, 2019)
Market Commentary I am noticing a bullish setup for Grin (GRIN). My trading idea is to buy around current levels with a stop loss order around 0.00031, an initial target around 0.00039, and a secondary target of 0.00045, but if bullish volumes come in, it could go higher. As seen in the chart below, GRIN/BTC…
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