Crypto Alerts

Market Commentary   I don’t KNOW what the Fed is going to do this week but it has pumped a lot of smoke into the market about cutting that interest rate, so I wouldn’t bet against it. Also, I’m not sure how the markets will react in the moment. My instincts say that a cut…

Market Commentary Unfortunately for the bulls, it appears that the breakout attempt on XMR/BTC has failed, and price has since fallen back down to the 88.6% Fibonacci retracement level, as seen in the hourly chart below.     Poloniex XMR/BTC hourly chart with upside breakout rejected to the downside, and price nearing 88.6% retracement level…

Market Commentary As I mentioned in the most recent Weekly Crypto Market Update two days ago, XMR/BTC has “a good chance for at least a retest of the 0.009 level” and it appears that this is increasingly likely, based on the recent bullish downtrend line breakout to the upside which just occurred, and more short…

Market Commentary I just want to share some observations I see developing in the price and volume charts on bitcoin before the week begins. I am wary of the potential bombs that the regulators will continue to drop on us. But I am confident that not only would the cryptocurrency space continue to be resilient…

Market Commentary Another wave of crypto selling occurred after some of the coins fell to lower lows in their down trends, and reports that an incorrect amount of USDT (Tether) was minted for a chain swap with Poloniex (which was since reversed) seemed to be the catalyst for the break below $10.4k in bitcoin, an…

Market Commentary The most likely culprits for the cryptocurrency reversal over the last 24 hours include reports that the Federal Reserve has halted the development of Facebook’s Libra Coin, and new developments in the case against Craig Steven Wright, the personality behind Bitcoin Cash (BCH) fork Bitcoin SV (BSV) and who claims to be the…

BTC/USD has recently broken the local high of $12,064 after completing an apparent bullish inverse head & shoulders (IH&S) pattern as seen below.  It is currently approaching the $13k level on bullish trading volumes, and if it breaks, it will need to need to conquer the next level of resistance at the recent local high…