Speed Bump en Route to $100K Bitcoin (3/21 Forecast) Bitcoin fell hard last week, dropping from near the highs around $60K to now around $45K, giving back all of the previous week's gains and more. This is a bearish candle, but Bitcoin is in a bull market and drops like these are to be expected. We'll be keeping our eyes on support levels, but see this as a buying opportunity, not a selling opportunity. (February 28, 2021 7:30PM EST) **Short-Term:** Bitcoin's fall from $58K…
Math Points to ETH Bottom (This Week?) 3/6/21 Forecast Ethereum fell hard last week, dropping about 30% from above the $2,000 level to under $1,400 level, giving back most of the last 3 weeks' worth of gains. This is obviously a bearish candle as ETH pulled back significantly, however finding support at the previous ATH/resistance level of $1,400 indicates that ETH may be reverting to the mean and testing support at a higher low before resuming to higher highs. (February 28,…
Why Ethereum is (Still) Undervalued (And Going Much Higher) **Oversold.** Ethereum is nearly at an oversold level on the daily RSI, its lowest level since September 2020 during the crypto market's compression following a rampant post-halving summer rally. Given that we are in a bull market, a deep RSI retracement like this almost always warrants an oversold or low-risk high-upside long opportunity. Compared to 2017: ETH/BTC Near Historic Lows. ETH/BTC is currently just above…
Bitcoin Dip Expires, Bull Run Resumes (3/2/21 Forecast) Bitcoin rallied on Monday to kick off the week, starting low before surging higher to nearly the $50K level before closing the daily candle just underneath. This is a very bullish candle as it appears Bitcoin has not only found support but is exhibiting strength to resume to the upside. (March 1, 2021 11:30PM EST) Short-Term: Bitcoin's short-term weakness appears to have been short-lived as we expected as Bitcoin found…
ETH Forming a Rounded Bottom? (3/3/21 Forecast) Ethereum tried to rally but fell a bit on Tuesday, initially rallying up to the $1,600 level before getting rejected, closing the daily candle around the 50% Fibonacci retracement at $1,540. This isn't a terrible candle as it looks like ETH is trying to reach higher but buy/sell sentiment is still pretty flat. (March 2, 2020 7:30 PM EST) **Short-Term:** Ethereum's failed rally today showed a flash of life that was ultimately…
Amazon News Sparks ETH Recovery? (3/4/21 Forecast) Ethereum rallied on Wednesday, rising up to the 38.2% fib retracement at $1,656 on the Amazon Workspace news before giving back a bit of the gains and closing the daily candle around $1,600. This is a very bullish candle as ETH puts in a higher high and higher low, reaching higher and starting to form the right side of a bottoming pattern's 'U' shape. (March 3, 2020 7:30 PM EST) **Short-Term:** Ethereum's rally today…
Bitcoin Hinting at $40K Before Rally? (3/5/21 Forecast) Bitcoin fell on Thursday, initially rallying just above the $52K level before giving back much of yesterday's gains, closing the daily candle around $48K. This is a bearish candle and raises the question of whether or not Bitcoin is ready to move higher just yet or perhaps is going to put in a definitive bottom before moving higher. (March 4, 2021 7:30PM EST) Short-Term: Bitcoin didn't close lower than yesterday's low…
Parabolic Bitcoin Spring Run to $95K? (Weekly Forecast) Bitcoin rallied during the week ending March 7th, starting off weak before rallying late into the week and over the weekend to close a green weekly candle just above the $50K level. This is a bullish candle as Bitcoin fended off early selling as the buyers stepped in to buy the dip around $45K, open the door to a potential path back to $60K. (March 7, 2021 7:30PM EST) **Short-Term:** Bitcoin recovered nicely late the…
Bitcoin Beginning Run to $60,000? (3/9/21 Price Forecast) Bitcoin rallied strongly on Monday to kick off the week, initially dipping a bit before turning around and pushing upward to about the $52K level, closing the daily candle at the highs. This is an increasingly bullish candle as Bitcoin continues to find buyers on dips and put in higher lows, even forming a bullish wedge that could be pointing to a breakout higher. (March 8, 2021 7:30PM EST) Short-Term: Bitcoin's…
If ETH Breaks $2,000, Buckle Up (3/10/21 Forecast) Ethereum exploded higher Monday and continued a bit higher Tuesday, starting its rally late Sunday (Monday in Asia) and breaking above the $1,600 level with gusto, settling the daily candle north of $1,800! This is an extremely bullish impulsive candle and is likely to be followed by more green candles as ETH charges towards the $2,000 level once again. (March 8, 2020 8:30 PM EST) **Short-Term:** The rounded-bottom pattern…
ETH Waiting for Bitcoin to Move First? (3/11/21 Forecast) Ethereum was flat on Wednesday, rallying early to a new local high before pulling back to about the open, closing the day down just a hair around $1,790. This is a neutral Doji candle that is more indicative of Bitcoin strength as opposed to Ethereum weakness, as ETH held its ground in the USD chart but retreated a bit in satoshis. (March 11, 2020 9:30 PM EST) **Short-Term:** ETH has formed a nice V-shaped recovery…
ZRX/BTC Bottoming Out? (ZRX Weekly Forecast) ZRX rallied a bit last week, initially rallying to just about the 200 Week EMA before pulling back, ending the weekly candle slightly positive around the 0.000026 level. This is a truncated albeit slightly bullish doji candle since it is a higher low following the previous week's inverted hammer in which we tested support and bounced. (March 28, 2021 8:30PM EST) Short-Term: ZRX has gotten crushed since its late Jan/early Feb local…
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