Analysis provided by Ashton Fraser, learn more about his trading strategies at Forex Reversal. Well, the first week of June has come to a close, and what started off as something potentially promising, due to what occurred from mid to late May, turned into a pretty dry week all round. I was cautiously hoping there would be a break, […]
After the last couple of weeks’ surging bulls, this week has been so far, a drab affair, relatively speaking ,with the 50% resistance zone proving to be much stronger than I had expected, although if we’re to zoom into the four hour time frame, there are some technical nuggets to be found. Over the weekend, I posted the […]
The price action on Bitcoin over the weekend behaved in a manner precisely as I had envisioned, with price rising after certain conditions had been met, whilst the resistance zone, which has been holding for almost a fortnight, continues to stay firm. During my previous technical analysis on BTC/USD on Friday last week, I posted the following chart: […]
Namecoin vs Bitcoin has been falling since the middle of the month, with barely a single bull candle since then. Will the trend continue? Let’s take a closer look at the current NMC/BTC Daily chart below (click to expand): I’ve performed the Fibonacci study from the low on the 13th of April at 0.00390, until the latest […]
Namecoin falls down to 2.1, before rising back up to 2.2, but are we about to see another test of 2.1? It certainly looks like it. If you remember during my previous NMC/USD analysis, I posted this chart below: Where I explained, “…extreme spinning tops, possessing long upper and lower wicks – this tells me the bulls […]
Namecoin experiences massive gains from the 13th through till the 15th, more than doubling in value in barely a couple of days, but a powerful bear setup initiated a fifty percent retreat. Let’s take a closer look at the current NMC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the last major swing low […]
LTC/BTC Technical Analysis – 14th April 2014 By Ashton Fraser on April 14, 2014 in Trading Litecoin vs Bitcoin fell consistently over the weekend, but will a new week bring some stability at last? Not likely, although I doubt we’ll be seeing movements as large as what we saw on the 11th. Concerning my last technical analysis, the chart […]
Litecoin vs Bitcoin fell this morning to 0.0224, only for there to occur an intense, sharp reversal, initiated by a very rare but powerful price pattern. Let’s take a closer look at the LTC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low at 0.0224, until the high at 0.0263 Check […]
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 […]
