Crypto Alerts

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…

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…

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…

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…

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…

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…