ETHEREUM

click chart to enlarge

Ethereum is in a fairly stable price channel, for now, but…

…can Bitcoin continue to drag Ethereum upwards?

The ETHBTC pair is not doing great at all, but it’s more a function of ETHUSD not going up at the same rate as BTCUSD, rather than ETHUSD selling off, which is encouraging. If ETHUSD continues to be pulled upwards by BTCUSD then USD/Fiat/Cash traders will follow the safe” high cap altcoins like ETH.

How is the price action looking?

Price consolidated in a triangle at the beginning of the year, broke upwards, retested the breakout, then resumed the upward trend in a fashion that has made a clear price channel.

The upside target would be near the upper limits of the channel where there is convergence with the horizontal price level/retail raid starting around $450. Downside will see price action traders rethinking their strategies if the price drops through any of the 3 small red horizontal lines on the right side of the chart.

All of 2019 has the StochRSI resolving at overbought each time it has left oversold. If that trend continues then the possibility of price reaching >$450 is high.

Disclaimer

Is Ethereum in the Midst of its Seasonal Trend?

The Ethereum / Bitcoin pair seems to be in the midst of its seasonal trend…for now. If the Bitcoin bear market proves too strong then it will suffer and follow Bitcoin lower.

Ehtereum 1Day Chart | 12-30-2018
1-Day Chart

The ETHBTC 1D chart should be making the blue box formation now. The break in direction out of that blue box has been the “set up” trade versus the December 6th “knife catch” trade the past few years.


Ehtereum 1Day Chart | 12-30-2018
1-Week Ethereum

The 1W chart shows much of the same. In this one we are also taking note of the momentum as it is also making the same pattern as previous years. If ETHBTC can get a 50 to 100 day trend then the first hedging opportunity is: the close after the blue bar prints on the weekly.

It seems like the blue box on the daily should coincide with the weekly momentum reaching overbought. That confirms the view that the break in direction will form a new trend. That being bearish until it is oversold again, or bullish until the blue bar prints, and then reevaluate the market conditions.

Charts are powered by the SCMR Analysis Suite
Disclaimer

Litecoin

Litecoin Chart from 12-18-2018

Not sure what to say about Litecoin other than the bleeding obvious.

  • Lots of similarities in the downwards channel post all time highs. They are relentless in their resistance to upside movements.
  • All buys during accelerated selling events, aka when price goes below support, have turned into a profitable trades.
  • A year and a bit of downtrend is market by a halving event in both cases.

Will history repeat? It usually does in crypto, but if Litecoin does not go up in the Spring of 2019 towards the Summer halving event then that could be viewed as a bad sign for Bitcoin’s next halving.

If history does repeat then buying LTCUSD in the $20’s and selling when the LTCBTC ratio nears 0.018 – 0.019 is a potential trade to keep an eye on.

Charts are powered by the SCMR Analysis Suite
Disclaimer

DayTraderCoin Swap

DayTradercoin is upgrading to a masternode coin. Please follow the instruction below for the swap process.

 

Instructions for the swap:

– Go to “datadir” folder and backup the entire DayTraderCoin folder. Copy it to your desktop for now.
How to find your datadir:

Windows: go to search and type %appdata%
Linux: it should be in “/home/YourUserName/.DayTraderCoin”

– Make an account on http://chainswap.net/dtc-swap/
– Open old wallet and send your coins to the swap deposit address.
– Once coins confirm shutdown the wallet.
– Go back to the datadir and delete the entire “DayTraderCoin” folder.
– Download the new wallet. https://github.com/xSevithx/DayTraderCoin-MasterNodes/releases/download/2.1/DayTraderCoin-qt.exe
– Generate a new address. New DTC address start with a “9”
– Got back to your http://chainswap.net/dtc-swap/ account and navigate to “settings” then paste your address and submit.
– Once you get your coins then you can delete the DayTraderCoin folder that was backed up to the desktop.

Don’t forget to backup your wallet!

Tezos

 

                                                                                       Click Image to Enlarge

 

The Tezos foundation has recently announce the beginning of beta testing and the highly anticipated launch of the XTZ tokens. Fairly classic chart pattern going on at the moment with the pre-launch futures pricing. Seasoned traders will likely be buying the dips in this mark-up process into the actual launch day. Resistance could be met upon launching if the price is near a double top. If price is trying to break out for another leg higher then opening day mania would be in the cards.

 

Free Public Telegram Group: https://t.me/joinchat/DBtrr0JbYH1w3DuFkmmvPA

Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

Holdings: Yes, the author does hold XTZ tokens.

XMR Seasonal Pivot Approaching

Click Chart to Enlarge

 

This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see, just like ETH & DASH, XMR has also been bound to certain key dates. It is now time for it to start making it’s seasonal pivot if BTC cooperates as well.

 

Free Public Telegram Group: https://t.me/joinchat/DBtrr0JbYH1w3DuFkmmvPA

Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

ETH Seasonal Pivot Approaching

Click Chart to Enlarge

 

This idea started on my Twitter account and then I added to it. Here it is archived for the blog. As you can see ETH has been bound to certain key dates. It is now time for it to start making its seasonal pivot.

 

Free Public Telegram Group: https://t.me/joinchat/DBtrr0JbYH1w3DuFkmmvPA

Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

Ethereum to Bitcoin Comparison

AltSeason 2018???

Click Chart to Enlarge

 

Most crypto traders are starving for an “AltSeason” so that the non BTC markets can rally off recent lows. The general theory for the last couple years is “as ETH goes, so goes the rest of the altcoin market”. If so, then history suggests that most altcoin markets are near their cyclical bottoms.

As seen in the chart, ETH has been bound to a number of key dates, and like clockwork it keeps repeating the pattern. This would suggest a higher low to made on the daily into solstice with the market turning upwards around Boxing Day. If ETH and other markets keep moving upwards and do follow LTC’s recent movements then it is a clear sign that a top is in for all markets much like the market movements in late 2013 & early 2014. Meaning in that situation, Alts would spike rally like LTC and top with BTC then all roll off with BTC.

 

Make sure to subscribe to the mailing list and join the free chat room to get charts as soon as they are published.

 

Free Public Telegram Group: https://t.me/joinchat/DBtrr0JbYH1w3DuFkmmvPA

Charts are powered by the SCMR Analysis Suite

BTC Tip-Jar: 18BBg2dhuvxqwoH9u1sVeEwMgMqESAZ79a

Disclaimer: http://www.coinstreetnews.com/disclaimer/

Altcoin Exchange

Trade Crypto, Forex, Commodities and more

Bitcoin Sports Betting

Charting Tool