Newsletter
30 Dec 2019
3 coins to keep an eye on | Issue #62
Bitcoin continues to struggle with resistance around the weekly closes near the current range's upper bound around $7565.  Last week, bulls failed to break the resistance as bear maintained the upper hand in the 7.8% range. A series of lower highs and higher lows leaves no clear direction for an upcoming move out of t...
Newsletter
24 Dec 2019
3 coins to keep an eye on | Issue #61
Last week, the Bitcoin bulls rallied for a 16.34% gain after tapping support at the overlap of weekly orderblocks around $6515 - which is where last November's plunge originated. The price crashed into the top of the range at the cluster of weekly closes around $7550 - but failed to break upward from the bear flag formatio...
Newsletter
16 Dec 2019
3 coins to keep an eye on | Issue #60
Last week, Bitcoin confirmed the failed retest of the previous support around $7883 after setting a lower high for the third week in a row at $7748.70.  While the price hasn't broken the current support around $6965, if it does, then the next area of interest rests around the daily orderblock between $5901 and $6190. ...
Newsletter
09 Dec 2019
3 coins to keep an eye on | Issue #59
Despite BTC's respectable 9.67% range up to $7,772 during the last week, bears rejected the move upward to reclaim the weekly level. The high around $7,632 was still 1.26% short of the previous weekly high at $7,870, creating a lower high and beginning the pattern for a bearish pennant. As Bitcoin starting hinting at a bea...
Newsletter
02 Dec 2019
3 coins to keep an eye on | Issue #58
Brief euphoria gripped the bulls last week as Bitcoin's price rocketed up 20% from last November's dump level around $6618. However, the initial test of the previous support at $7933 appears to be a failed retest, providing bears with an excellent entry. This move is also the next piece of a classic distribution pattern. I...
Newsletter
25 Nov 2019
3 coins to keep an eye on | Issue #57
During this last week, Bitcoin's price plunged faster than the bulls' tears, dropping over 20% to $6785. Possible support lies at a daily orderblock ranging from approximately $6200 to $6475, but more secure support is at the confluence of a daily and a weekly orderblock between $5627 and $5784. Bears may get another chanc...
Newsletter
18 Nov 2019
3 coins to keep an eye on | Issue #56
Last week, Bitcoin dropped 7.85% as it continued its gentle descent after the failed retest of the prior supporting orderblock around $9750. The price is currently resting on a pivotal level marked by the top of the daily orderblock around $8420, testing it for support. If this level doesn't hold, a much more significant d...
Newsletter
11 Nov 2019
3 coins to keep an eye on | Issue #55
During the last two weeks, Bitcoin retested the previous support of the summer's distribution zone. Last week, the 9.65% drop confirmed this as a failed retest, and the price continues to bleed downwards gradually. Instead of dropping along with Bitcoin, the altcoin marketcap is continuing to hold steady around $80 billion...
Newsletter
04 Nov 2019
3 coins to keep an eye on | Issue #54
Bitcoin's surprise volatility in late October failed to continue over the last week as the price drifted in a paltry 9.7% range. So far, it looks like it may be a failed retest of previous support. The altcoin marketcap shows little signs of life and hold relatively steady around $80 billion. The price is forming a descend...
Newsletter
28 Oct 2019
3 coins to keep an eye on | Issue #53
Traders bored with Bitcoin's compressed range can relish the nearly 43% surge in the price during last week. The bullish euphoria may be short-lived, though, as a view of the higher timeframes shows a retest of the lower bound of the summer's range.  Will this old support turn into resistance before a further drop? It...

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