In less than two weeks, Litecoin has lost almost 40% of its value – can anything catch this falling knife? As crazy as it sounds – quite possibly is the answer. Let’s take a closer look at the LTC/USD chart on the Daily timeframe (click to expand): I’ve performed the Fibonacci study from the low of this […]
Bitcoin has been up and down this morning, applying some technical analysis to this seemingly crazy move sheds some light. Let’s take a closer look at the BTC/USD M30 chart below: I’ve performed the Fibonacci study from the last major swing high on M30 on the 19th at 625, to the low at 575, just before this yo-yo […]
Everything is going according to plan. All is well. Pay no attention to the Ukraine, China, Japan (and Fuku), the EU or any other nation that’s apparently on the brink of collapse. None of that news is real. There are plenty of positives out there. Take N. Korea for example. They’ve been successfully test firing missiles and KJU was just […]
NMC/USD Technical Analysis – 9th March 2014 By Ashton Fraser on March 9, 2014 in Trading Namecoin has been falling since Tuesday, but some bullish buds from early this morning are now blossoming, although the flower may wither away very soon. Let’s take a closer look at the NMC/USD chart below on the H4 timeframe (click to expand): […]
As I discussed in my analysis last week, Namecoin vs Bitcoin had been pretty much static for a number of hours, as there was a support line which was offering some hindrance. Indeed, that support held strong for the following few days, as it was also a psychological number, but, as I explained, price was always likely to […]
PPC/USD Technical Analysis – 21st Feb 2014 By Ashton Fraser on February 21, 2014 in Trading Peercoin seems to be adhering to classic technicals this afternoon. Lets take a look at the intraday thirty minute chart below on PPC/USD (click to expand). Look at how smooth the downtrend was from the 20th at 4.050 until this morning at […]
BTC/USD Technical Analysis – 21st Feb 2014 By Ashton Fraser on February 21, 2014 in Trading After yesterday’s drop, Bitcoin managed to regain some of its losses. Let’s take a look at the BTC/USD Hourly chart below. I’ve circled a significant candle in blue. This candle is very important from a technical point of view. Look at how […]
