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Market Commentary ETC has been on quite a run recently as favorable technicals combined with improving fundamentals encouraged investors to take another look at the Ethereum offshoot. While we have been generally bullish on this coin for quite some time, hence why we continue to own it, it has been a long and frustrating wait for meaningful upside. Now that we seem to have a confirmed bottom at [members-only text] bulls feel free to market buy coins near multi-month highs, although we know that this euphoria is most often a sign of at least a near term top. To confirm whether or not this is the case, we take a look at the 12-hour chart below. We can see that the rally has been, and continues to be, strong considering SCMR is painting [members-only text] while new, and very strong, dynamic support builds around the [members-only text] level. Additionally, the A/D line is starting to tick up, trading volumes are generally bullish, and market structure remains favorable. From a longer term perspective, these indications seem to be pointing to [members-only text] over the coming months, however there are other signs that have us more cautious from a shorter term perspective. Notice that momentum leaves much to be desired given Willy is officially overbought, the Stochastic is getting close to 80, RSI and MACD are showing bearish divergences, and PPO is still flashing strong sell signals. Additionally, there is fairly heavy resistance overhead in the form of the [members-only text] area as well as the 200-period SMA around 150, and there remains a large volume profile notch down around the [members-only text] area that could use some filling in. While there is the possibility of a final extension up into the medium term OTE short zone between [members-only text], we think this rally is close to coming to an end. The main reason for our current skepticism is that it looks to us like the market is very close to completing a textbook Wyckoff sell model on overbought conditions. This makes at least a corrective selloff increasingly likely, however we would still be [members-only text] in order to [members-only text]. ETC ProTrade Ideas: 1). **Short term [ENTERED @ 104; CLOSED @ 130 for +25% PROFIT]**: We have closed out LONG position off of the 104 level at the intended target of 130 for +25% profit in less than two weeks. 2.) **Medium Term [UPDATED on 12/19/2016]**: We will consider a [members-only text] position on a move to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. 3.) **Long Term [ACTIVE; ENTERED @ [members-only text]**: We stay LONG off of the [members-only text] level with a stop around [members-only text] and a target of [members-only text]. We will add in the [members-only text] area. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com.
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Market Commentary: The kickback from an incredibly oversold market earlier this week continues as late shorts continue to get squeezed which has driven price well above 100. Now we are getting back into an area of historical resistance which could prove difficult to penetrate without actual new demand coming into the market. This may be possible considering there is a new altcoin hedge fund that was just publicly announced, although we doubt $10 million is enough to sustainably move a market as big as ETH. For the time being we continue to rely on the technicals for guidance as to directionality and timing considering has been very profitable to do so recently. We can see on the 6-hour chart below that the current countertrend bounce has been fairly impressive, however so far all it has been able to do is get price back within the descending channel that it has been in for the past month plus. Also notice that despite what are [members-only text] SCMR candles, there is still not much in the way of [members-only text] and price is already being rejected at the bottom of the lower [members-only text] zone. Additionally, volume profile remains porous below the market, the A/D line continues to give back the rally gains, and exchange volumes are [members-only text]. Throw in the fact that Willy and the Stochastic are back in overbought territory, RSI is still stuck in no mans land, and PPO is flashing strong sell signals, and we think at least a retest of [members-only text] is in order prior to another leg higher which could break price out of the downtrend channel. Generally speaking we are still not fans of this market on any timeframe, especially following the close of what was a very profitable long trade over the course of this week (up 40.13%!). Having said that, there could be some opportunities presented us as traders in the not too distant future if bitcoin can crank up the volatility machine, hopefully to the upside. Regardless, we will be ready and waiting on both sides of the market. ETH ProTrade Ideas: 1). **Very Short term**: No new ProTrades at this time considering poor risk/reward profiles on both sides of the market. (b). **[ENTERED @ 78 on 12/6/2016; CLOSED @ 110 on 12/8/2016 for 41.03% PROFIT]**: We will have closed the LONG position off of the 78 level at the intended target of 110 for 41.03% profit in three days. 2.) **Medium Term [UPDATED on 12/9/2016]**: We will consider a SHORT position on a rally up to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. 3.) **Long Term [UPDATED on 12/9/2016]**: We will consider a LONG position on a pullback to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com.
Market Commentary: As usual, we will refrain from making judgements about the fundamentals of Ether given the controversy continues to run high following months of hard forks. Therefore, we jump straight into the technical action by taking a look at the 3-day and 6-hour charts for a nice mix of medium and short term perspectives. We start with the 3-day which continues to show a steady bleed lower despite what should be rather encouraging signs. While the momentum indicators can't possibly get much more oversold, SCMR continues to paint both [members-only text] and new [members-only text]. Another should-be positive signal is the fact that it looks like we will get another hammer candle when this one paints, although that happened last week as well and price continued lower anyway. Finally, while volume profile and the A/D line remain bullish, actual exchange volumes are still confirming the bear market even if they are relatively low. Generally speaking, we still don't see a legitimate technical reason to try to catch this falling knife even though it may be tempting to do so from a risk/reward perspective, which is why we need to take a look at the 6-hour chart for short term granularity. The downtrend off of the 160 spike highs remains intact and SCMR has yet to [members-only text], both of which clearly mean that we still don't have a [members-only text] yet. What we do have is a series of choppy red and blue candles with some bearish pivots thrown in, but again no indication that a reversal has occurred just yet. Additionally, Willy and RSI are no longer oversold, the Stochastic looks ready to roll over again in no man's land, and the A/D line continues to head lower on this timeframe. While PPO is still flashing buy signals and price is below the volume profile value area, the market continues to struggle to get any juice to the upside at all. This is likely a combination of negative fundamental and technical influences. Even though we are not ready to say that a bottom is in for a multitude of reasons, we do think there is a decent chance at a [members-only text]. Considering we have a [members-only text] to shoot against and a [members-only text] that has a potential 2:1 risk/reward profile, we are willing to take a small shot around [members-only text]. ETH ProTrade Ideas: 1). **Short term [PREVIOUS CLOSED @ STOP LEVEL]**: We were stopped out of our [members-only text] position at the [members-only text] stop level for a -2.38% loss. (b). **[UPDATED on 12/1/2016]**: We will consider a [members-only text] position on a pullback to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. 2.) **Medium Term [UPDATED on 12/1/2016]**: We will consider a SHORT position on a pullback to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. 3.) **Long Term [ACTIVE; ENTERED @ 0.00595 on 10/29/2016]**: We will consider a LONG position on a pullback to the [members-only text] area with a stop around the [members-only text] level and a target of [members-only text]. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**   Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com.
Market Commentary: XMR continues to outperform almost every other altcoin, especially considering the 20+% move we saw today, although this time the price action was driven by a fundamental catalyst rather than a confluence of technicals. In what was a very unexpected announcement, Bitfinex added XMRBTC and XMRUSD pairs to their trading platform. This is significant if for no other reason than it represents the first legitimate USD trading pair for XMR which could open the market to a new class of investors. Despite the tarnish on the Finex brand recently, we think this will be viewed by the market as a generally positive development, particularly since it was done without the outside help of the XMR core team to implement. This should be a signal to the industry that Monero is not to be dismissed. Today we show only the daily chart given we have been posting shorter term charts on the Slack channel all day, plus we want to put this move into context from a medium term perspective. We can see that SCMR is once again painting [members-only text] while dynamic support continues to build around [members-only text], and price briefly broke above previous highs as well as the [members-only text] areas. Additionally, the EMA's and SMA's remain bullish and volume profile looks decent below that market. Having said that, the breakout today above previous resistance has been rejected so far and exchange volumes are less than impressive for what should be a confirmation move, which tells us that this will likely be [members-only text] event eventually. This notion is confirmed by the momentum indicators seeing as though the Stochastic is entering overbought territory, Willy and RSI are getting close, MACD is showing a bearish divergence, and PPO is flashing weak [members-only text] signals. Not only that, but the A/D line has not picked up much steam to the upside, market structure remains mixed, and significant historical resistance still hangs in the [members-only text] area. While we cannot rule out a continuation up to the SCMR dynamic resistance area around 140, we would be sellers at those levels for a correction back down to the psychologically significant [members-only text] level at the very least, if not back down to the [members-only text] support region. Until then we wait for the market to top while trying to catch a quick scalp up to [members-only text]. Overall things continue to look on track for a bullish 2017 considering XMR's strong underlying fundamentals and its upwardly biased medium to long term technicals. That being said, price could be challenged over the near term regardless of whether we fail to make new highs above the 128 level or if we breakout to test the [members-only text] area, but we want to continue to buy dips down into support in order to add to the long term ProTrade. XMR ProTrade Ideas: 1). **Very Short term [NEW TRADE ISSUED on 11/30/2016]**: We will consider a [members-only text] position on a pullback to the [members-only text] area with a stop around [members-only text] and a target of [members-only text]. 1). **Short term [UPDATED on 11/30/2016]**: We will consider a [members-only text] position on a pullback to the [members-only text] area with a stop around the [members-only text] level with a target of [members-only text]. 2.) **Medium Term [UPDATED on 11/30/2016]**: We will consider adding to the LT ProTrade around the [members-only text] level with a stop around the [members-only text] level and a target of [members-only text]. 3.) **Long Term [ACTIVE; ENTERED @ 0.00595 on 10/29/2016]**: We will stay LONG off of the 59.5 level and a target of [members-only text]. We will add substantially in the [members-only text] area. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com.
Market Commentary: Monero has been bullishly biased over the past few weeks, although we really didn't see an acceleration in buying until this past weekend. Following a break above the key psychological level of 0.01 early on Saturday morning, the market proceeded to extend it's rally up close to the 120 resistance area (118 to be exact). Since that local high price has been pulling back to test the key 100 near term support level, which has held so far, and given the importance of this level we would not be surprised to see it tested more than once in the coming days. Having said that, the market is currently trading in a consolidation range between 99 and 118, so until we move away from this area price should stay relatively flat. Moving on to the charts, today we want to look at both the 6-hour and the daily charts once again. We start with the daily chart for some context which is showing price pausing in the [members-only text] zone and at a significant historical resistance line. Those rejected wicks [members-only text] are not a great sign in terms of a continuation to the upside, however SCMR is still painting [members-only text] so another breakout remains a possibility. Additionally, the near term EMA's have crossed over to bullish, the 200 SMA remains slightly positive, and market structure appears to be slowly transitioning from bear to bull. Moving on to momentum and volume, things aren't nearly as bullish as they seem above. The Stochastic is now officially overbought, Willy and RSI are quickly moving up there, and PPO is now neutral. Not only that, but trading volumes remain unimpressive despite the recent rally, the A/D line is still under pressure, and volume profile is showing a large notch down between [members-only text]. As far as the 6-hour chart goes, we can see that we are getting some turtle soup rejection candles up in the medium term supply area, although SCMR is still painting [members-only text]. Additionally, we now have some bearish divergences emerging on what is close to overbought territory on Willy, RSI, and the Stochastic, while the A/D line remains suppressed and PPO paints significant sell signals. Finally, the short term EMA's are still [members-only text] and trendline support remains intact around [members-only text], however the 200 SMA continues to trend lower despite the near term respite above it. Generally speaking we are still bullish on XMR over the long term given very positive fundamentals and encouraging higher timeframe charts. Having said that, we think price is getting [members-only text]. For the time being we are expecting the market to range between 99 and 120 until resolving either up and out to the [members-only text] resistance area to complete the short term Wyckoff sell model, or we move lower from here to test more substantial support in the [members-only text] region. XMR ProTrade Ideas: 1). **Short term [UPDATED on 11/14/2016]**: We will consider a [members-only text] position on a pullback to the [members-only text] area with a stop around the [members-only text] level with a target of [members-only text]. (b) **[CANCELLED on 11/14/2016]**: We have cancelled our previous VST ProTrade (b). No new VST ProTrades at this time given poor risk/reward profiles at current levels. 2.) **Medium Term [ISSUED on 11/14/2016]**: No MT ProTrades at this time considering poor risk/reward profiles. 3.) **Long Term [ACTIVE; ENTERED @ 0.00595 on 10/29/2016]**: We will stay LONG off of the 59.5 level 40 and a target of 140. We will add substantially in the 45 - 55 area. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com/Legal.
Market Commentary: Up until today XMR had been in a choppy range trade between 65 - 75, one that was pressing up against the medium term downtrend line as it extended. Today that line broke, leading to a significant rally to the upside to test the EMAs, which have acted as resistance so far. That pretty much brings us up to speed, which means we can turn to the daily chart below for a look at the technicals. The most relevant feature today is the breakout above the downtrend off of the 265 highs, as well as the fact that price is now above volume profile PoC (which, btw, looks much better). Additionally, the 200-day SMA ended up holding as support, we still have a working [members-only text], and we have a [members-only text] for the first time in quite awhile. Not only that, but momentum looks very good as well right now. Willy remains officially oversold, RSI and the Stochastic have reversed to the upside, MACD still has a beautiful bullish divergence working, and PPO is flashing strong buy signals. On the other hand, the volume indicators are not painting as rosy a picture considering the A/D line has barely ticked up, exchange volumes are weak, and volume profile still needs some filling in before [members-only text]. We think a retest of the broken trendline will be in order in the not too distant future, although we also would be [members-only text] for a [members-only text]. XMR ProTrade Ideas: 1.) **Monero ProTrade - Short Term [ENTERED @ 0.00595; CLOSED @ 0.008 for +34.45% PROFIT]**: (a) We have closed our LONG position off of the 595 area at the 800 target for a profit of 34.45%. (b) **[Updated on 11/7/2016]**: We will consider adding to the Long Term position in the [members-only text] area with a stop around [members-only text] and a target of [members-only text]. 2.) **Bitcoin ProTrade - Medium Term**: No MT ProTrades at this time considering our ST & LT positions and setups. 3.) **Bitcoin ProTrade - Long Term [ACTIVE; UPDATED on 11/7/2016]**: We will stay [members-only text] off of the [members-only text] level with a stop around [members-only text] and a target of [members-only text]. We will add to the position in the [members-only text] area. **Premium members get to see live trades complete forecasts, and full charts everyday. To get your access to our edge, subscribe today.**  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at the BullBear Analytics Legal.
Market Commentary: While it wasn't the most volatile weekend in terms of price action for XMR, it was rather confusing. Following a dip slightly below 0.01 early last week, which we bought for a ProTrade, the market has since tried to break sustainably above the 120 level unsuccessfully. Having said that, price has also refused to head back below the 100 level either which has created a higher low on the shorter term charts. Now we are stuck between 110 - 120, which is a key technical area, so where we break from here will likely determine the general trend over the coming days. Despite the fact that there are some interesting things happening on the near term charts, there are still too many false signals so we are sticking to the daily chart today. We can see that price remains within the descending channel that is has been in since the top in early September, although it is now pushing it up against the upper trendline. Additionally, Willy is officially oversold, the Stochastic is oversold and bullishly divergent, MACD is divergent and close to a crossover, RSI is trying to break above 40 to confirm upside bias, and the 200-day SMA is still trending higher. Conversely, volume profile is porous down to around the 50 level, the.... For the complete forecast, full charts, ProTrade Ideas, Slack access, and bitcoin coverage please SUBSCRIBE today!  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at legal.
Market Commentary: All fundamental bias aside, Ether has been extremely well-behaved from a technical perspective recently. Market structure and price action, in addition to an indicator synchronization, foretold a powerful rally a few weeks ago when we issued our ProTrade off of 180. Now we find ourselves in a pullback following a peak above our 235 exit target, and the question of the day is where the next setup is taking shape. BTW, we were able to close that LONG at the 235 target for a 30.56% profit, a trade with a duration of 11 days (9/9/2016 to 9/20/2016). At this point there are plenty of possibilities, however we still have a fairly good read on this market that can assist us over the coming days. We return to the daily chart as it remains the storyteller. No surprise that price is selling off in the 23 area considering it is the medium term OTE short zone and is the top of the volume profile value area. Also notice how RSI tagged overbought territory and is now correcting while MACD puts in a small but relevant bearish divergence, not to mention... For the complete forecast, full charts, ProTrade Ideas, Slack access, and bitcoin coverage SUBSCRIBE today!  Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at BullBearAnalytics.com.
Market Commentary [XMR] Its been quite a week for Monero with regard to price appreciation and volume. After falling below the critical 0.001 level once again a few weeks ago it looked bleak for the most interesting anon coin on the scene in our opinion. However, as they say, "things are always darkest before the dawn". Following a textbook double bottom that held on significant volume, the all clear signal was waved for the bulls and they moved into the market en masse. In fact, over the past 24 hours, XMR has the highest trading volume of any altcoin. Combine this kind of trading volume with with a relatively small market cap and we see that Monero actually is one of the most liquid alts in terms of trading that exists in the altcoin complex at the time being. This makes it suitable for speculative trading. Market Analysis [XMR] Taking a look at the 3day chart we can see that this move might just be getting underway despite a 50% rally in the past 7 days. The double bottom is a thing of beauty, especially since both were followed by substantial volume breakouts. Additionally, OBV and Acc/Dist say that a period of accumulation has begun, RSI and Williams %R say that conditions are not even close to overbought in the medium term, and the institutional EMA'a are about to turn bullish. The only hurdles currently standing in the way of another explosive price and volume breakout is the 50 day MA at 0.0016 and the Ichimoku Cloud bottom at 0.0019. If that crucial 0.0019 level is broken, then all bets are off up to the 0.003 area.  Shorter term the price is pulling back and consolidating after hitting a new local high at 0.00169 early today. At this time, we think it is simply another bull flag or pennant (hard to tell which it will be atm) that could push prices back down into the 0.0014 to 0.00145 range, although we expect the bullish move to resume following this consolidation period. If this support area fails, then we think 0.00125 would be a great long entry point if you have missed the move up until now.
That's all for now. Stay tuned for more updates...! Crypto BullBear Weekly Watchlist: - Monero (XMR) - IOCoin (IOC) - BitMark (BTM) - XCurrency (XC) - VeriCoin (VRC) -NeosCoin (NEOS) Cheers, @AKWAnalytics Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. What Happened To The Ripple Price Since January 28? We update the Ripple forecast from yesterday: Short Term Ripple Price Forecast (XRP/BTC) Yesterday, we stated: "... we will see a short term rally, particularly if ripple prices can mount a breakout above the red trend line.". And indeed, this happened as we forecasted. See the chart below.  Ripple Short Term Forecast Update January 29, 2015
Summary Forecast Short Term: UP as long as holding above 0.000057 BTC ( target 0.000072 BTC). Bearish below 0.000056 BTC (downside target 0.000025 BTC). Do you want to learn more about Cryptocurrency Forecasts, Our Premium In-Depth Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Altcoin Analytics now! The Bitcoin and other cryptocurrency forecast are available as part of the Active Pro Complete package. For more information on the Bitcoin BullBear, any of the markets we cover (Litecoin, Monero, Gold, Silver, S&P 500, Nasdaq 100, DAX 30, and select individual securities), or how to subscribe to our Premium Services, please visit the Bitcoin BullBear today! Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. |
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