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BTC/USD- Price Analysis 1.23.18

1/23/2018

3 Comments

 

BTC/USD

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Things are rather simple here.  Bitcoin continues to trade between 2 points ($10,000-$12,000).  If you're a day/swing trader; you may want to purchase as close to $10k as possible and sell once it gets close to $12k.  If you're a HODLER, then there isn't much to do but hold (hodl). 

My Thoughts?
Besides the ones outlined above; I am still bearish on Bitcoin in the short term.  I am awaiting that massive move to the down side that will have this trading from $8k, to possibly $5k.  That's a 50% downside from current levels.  It's a lot! I know! But these are just my thoughts. 

Long live Satoshi, Long live Crypto!


DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose. 
3 Comments

BTC/USD- Price Analysis 1.10.18

1/10/2018

1 Comment

 

BTC/USD

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I think Bitcoin side-liners will have an opportunity to pick the coin up at a steep discount.  The overall chart looks weak in my opinion.  This is not to say I am bearish on Bitcoin long term; it is to say; I do believe we can witness more downside before the coin goes on to do great things. 
 
What am I expecting?
Sitting at mid $14k (around time of publication); we may have one further back test of $15k before falling towards $12k.  This is where things get rather interesting for the coin.  $12k-$12.5K represents fairly solid support going back to early December/2017.   If we can not hold that line; $9-10K is a very real possibility.

DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose. 
1 Comment

LTC/USD-Price Analysis 1.4.18

1/4/2018

0 Comments

 
LTC/USD
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I want to be bullish on Litecoin; I really do.  But the chart seems quite bearish right now.  It appears as though the coin is forming a head & shoulder pattern on the 4 hour (since late December).  I agree; the pattern isn't complete as of yet; but it sure looks like it's forming that right shoulder. 

Providing that the right shoulder is formed; you want to pay attention to the $200-$213 area.  If $200 support doesn't hold; we may be looking at a retest of the $144 low. 

DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose. 
0 Comments

TRX/BTC- Price Analysis 1.4.18

1/4/2018

1 Comment

 

TRX/BTC

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TRX has been on a tear for the past two weeks.  In particular, the last two days.  This coin shot up a rough 850% in the past two weeks; going from a low of .04-.38 in many places.  The coin has since pulled back and now hovers around the .18-.20 cents mark (or ~1350 SATS). 

Where does it go from here?

While I enjoy a good run just like all the other bulls.  The best thing for this coin is a bit of consolidation.  Preferably between the 1100-1350 SATS (.16-.20).  If we can build a solid base around this area (several days-weeks); I am very confident that we will go on to reach .50 and $1 within the next month or so. 

The chart above demonstrates 3 areas of support in my observation.  If the 1st fails, chances are we head down to the 2nd.  If that fails, the 3rd, etc. 

For now; the best thing to do is hold or HODL!  From my observations, that's how you succeed in the crypto space. 

DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose. 
1 Comment

    Author

    Tina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over 10 years.  Currently a Full-Time Trader and Blogger of all things financial.


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This website is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned.  All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.  Please read our full disclaimer here. 

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