Author: Christopher Lewis

DASH and Litecoin Analysis December 18, 2017 No Comments

DASH/USD DASH continues to be very volatile, bouncing between the $800 level on the bottom, and the $1000 level on the top. This type of volatility continues to be an issue, but I think eventually we will break out and clear the $1000 level. In the meantime, buying the dips on short-term charts continues to be the best way to play this market.   LTC/USD Litecoin continues ...


Ethereum Analysis December 18, 2017 No Comments

ETH/USD Ethereum initially fell during the trading session on Friday, testing the vital $600 level. We have rallied significantly since then, so it looks as if this market is going to continue to be a “buy on the dips” situation. I believe that eventually we will go looking towards the $700 level, and that of course the $800 level after that. A breakdown below $600 could send this marke...


Bitcoin Analysis December 18, 2017 No Comments

BTC/USD Bitcoin has rallied significantly during the trading session on Friday, breaking above the top of an ascending triangle. By measuring the move, we get a potential rally to the $23,000 level, but expect short-term pullbacks occasionally. It looks as if the bullish pressure continues, as momentum has picked back up to the upside.   BTC/JPY Bitcoin has rallied against...


Ethereum Analysis December 15, 2017 No Comments

ETH/USD Ethereum fell later in the day on Thursday, reaching down towards the $670 level. I think that the market looks likely to try and find support near the $650 level, and if it cannot find it there, we will see support at the $600 level. Be patient, and add to a position very slowly.   ETH/BTC The 0.04 level has offered support in the ETH/BTC pair, but I think we may ...


DASH and Litecoin Analysis December 15, 2017 No Comments

DASH/USD DASH continues to be very volatile, as we have recently broken above the vital $800 level. As we pull back, I believe we are trying to form a bit of an uptrend in channel, eventually building up enough momentum to break above the vital $1000 level. Look for $800 to offer support.   LTC/USD Litecoin has pulled back rather significantly, and quite frankly it has bee...


Bitcoin Analysis December 15, 2017 No Comments

BTC/USD Bitcoin is relatively flat yet again during the trading session on Thursday, as we are using $16,000 as support. I think that eventually we will get a little bit of a pullback, but that should be a “buy on the dip” type of opportunity. Adding slowly is probably the best advice I can give, as we are clearly starting to lose momentum after the futures market opened.   B...


DASH and Litecoin Analysis December 14, 2017 No Comments

DASH/USD DASH continues to be very noisy during the trading session on Wednesday, reaching towards the $925 handle. We are a bit overbought at this point, so I would expect more short-term pullbacks, with an eventual eye on the $1000 handle above. I have no interest in shorting.   LTC/USD Litecoin is forming a nice bullish flag on the hourly chart, suggesting that a move t...


Ethereum Analysis December 14, 2017 No Comments

ETH/USD Ethereum rallied significantly during the trading session on Wednesday, bouncing from the $600 level, and reaching towards the $700 level. At this point, waiting on pullbacks will be necessary to pick up value in a market that is starting to run away, albeit on low-volume over the last several hours.   ETH/BTC Ethereum has rallied quite significantly against Bitcoi...


Bitcoin Analysis December 14, 2017 No Comments

BTC/USD Bitcoin was reasonably quiet during the trading session on Wednesday, as we continue to bounce around near the $17,000 level. It looks as if we are trying to build up enough momentum to continue to go higher, so with this being the case adding slowly might be the best way to deal with this market, as it looks like we are in a bit of a holding pattern.   BTC/JPY Bit...


DASH and Litecoin Analysis December 13, 2017 No Comments

DASH/USD DASH rallied again during the day, reaching towards the $840 level. At this point, a continuation of that move seems very likely, and therefore we are bullish of DASH. Pullbacks should be supported, with the $720 level offering a bit of a floor. The target is $1000 going forward.   LTC/USD Litecoin has gone parabolic, meaning that we are testing the $300 level as ...


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