Since my last analysis on Bitcoin last week, the resistance I spoke about has been broken with aplomb, and it seems we could see a further rise to around 725 fairly soon, with some very strong bullish technicals on show. Last week we posted the following chart (click to expand): Where I highlighted in a blue ellipse some […]
We noted a potential change of trend last Thursday when a 2 month downtrend on the NASDAQ had reversed. We also started pointing out in our recaps late last week a lot of broken down areas of the market (momentum / growth type stocks) staged breakouts over long term downtrends. Last Friday was a nice through day but the NASDAQ […]
The NASDAQ capped off a strong week of out performance as we finally saw some rotation back into high growth / momentum type of stocks. Today the S&P 500 gained 0.42% but the NASDAQ jumped 0.76%; this continued a trend we saw much of the week. Weeks just ahead of a holiday are generally very light in volume and tend […]
As we have been discussing almost all week, Bitcoin is threatening to rise to a certain resistance level – most importantly, one of our conditions which I stated yesterday has been fulfilled, giving me great confidence in the anticipated rise. During yesterday’s analysis, I posted the following chart (click to expand): For which I’ve performed the Fibonacci study […]
There might not be much activity on Litecoin from a longer timeframe perspective today, but zoom into the lower timeframes, and we can find some real technical nuggets. Let’s take a closer look at the current LTC/USD chart on the fifteen minute timeframe below (click to expand): I’ve performed the latest Fibonacci study from the high of today […]
Over the past twenty four hours Namecoin has been struggling to move beyond a certain resistance zone, and I can’t see it succeeding any time soon. Let’s take a closer look at the latest NMC/USD H4 chart below: I’ve performed the Fibonacci study from the high of the month on the 1st, until the low of the month […]
After reaching a week high of 11.4, Litecoin continues its bearish retraces from yesterday’s initiation. In my last LTC/USD technical analysis, I posted the following chart (click to expand): Where I explained, “Look at the candle marked in white; a number of factors combined here: a) The upper wick was the same length as it’s body, b) The […]
NMC/BTC Technical Analysis – 1st May 2014 By Ashton Fraser on May 1, 2014 in Trading After a number of consecutive bear days, Namecoin vs Bitcoin manages to attain some reprieve, with the bulls allowing it to retrace a fair few pips. During my last technical analysis on NMC/BTC, I contemplated, “So the key question is, is this southern […]
Wow, the bulls of Litecoin have really stamped their authority today, after the struggle to establish a clear direction for this week. In my last LTC/USD technical analysis, I posted the following chart: I explained that, after the downtrend, I felt, “We may see some retracement here, since there is a corroboration for our oversold Stochastics, […]
LTC/BTC Technical Analysis – 29th April 2014 By Ashton Fraser on April 29, 2014 in Trading Since the 24th, Litecoin vs Bitcoin has been falling like a leaf, from a high of 0.0257, reaching a two week low of 0.0229. The move down was consistent, but there is good reason to believe the latest support can help drive some […]
