The Crypto Daily – Movers and Shakers – August 6th, 2020

Bitcoin, BTC to USD, rallied by 4.91% on Wednesday. Reversing a 0.38% decline from, Bitcoin ended the day at $11,735.8.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,085 before making a move.

Steering clear of the first major support level at $10,993, Bitcoin rallied to a late intraday $11,800 before easing back.

Bitcoin broke through the first major resistance level at $11,386 and the second major resistance level at $11,587.

A late pullback saw Bitcoin briefly fall through the second resistance level before wrapping up the day at $11,700 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Wednesday.

Binance Coin and Monero’s XMR rose by 4.48% and 3.59% to lead the pack.

Bitcoin Cash ABC (+2.71%), Bitcoin Cash SV (+2.89%), EOS (+0.71%), Ethereum (+2.94%), Litecoin (+2.29%), Ripple’s XRP (+0.38%) also found support.

It was a bearish day for the rest of the majors, however.

Cardano’s ADA (-0.99%), Stellar’s Lumen (-2.66%), Tezos (-4.04%), and Tron’s TRX (-0.68%) saw red.

In the current week, the crypto total market cap rose from a Monday low $323.88bn to a Wednesday high $352.79bn. At the time of writing, the total market cap stood at $344.35bn.

Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%. At the time of writing, Bitcoin’s dominance stood at 62.38%.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,639.5. A mixed start to the day saw Bitcoin rise to an early morning high $11,799.0 before falling to a low $11,605.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Tezos bucked the trend early on, rising by 1.49%.

It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 1.59% to lead the way down.

BTC/USD 06/08/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,540 pivot to support a run at the first major resistance level at $11,996.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,800.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $12,255 would come into play.

Failure to avoid a fall through the $11,540 pivot level would bring the first major support level at $11,280 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels. The second major support level sits at $10,825.

The Crypto Daily – Movers and Shakers – August 5th, 2020

 

Bitcoin, BTC to USD, fell by 0.38% on Tuesday. Partially reversing a 1.52% gain from Monday, Bitcoin ended the day at $11,184.0.

It was a bullish start to the day. Bitcoin rose to an early morning intraday high $11,396.0 before hitting reverse.

Falling short of the first major resistance level at $11,474, Bitcoin slid to an early afternoon intraday low $11,003.0.

Steering clear of the first major support level at $10,961, Bitcoin briefly revisited $11,260 levels before falling back into the red.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Tuesday.

Tezos rallied by 6.32% to lead the way.

Binance Coin (+0.95%), Bitcoin Cash SC (+5.76%), Cardano’s ADA (+4.42%), Ethereum (+0.92%), Stellar’s Lumen (+5.51%), and Tron’s TRX (+2.35%) also found support.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash ABC (-2.10%), EOS (-0.53%), Litecoin (-1.54%), Monero’s XMR (-2.32%), and Ripple’s XRP (-2.90%) saw red on the day.

At the start of the week, the crypto total market cap rose from a Monday low $323.12bn to a Monday high $345.20bn. At the time of writing, the total market cap stood at $333.57bn.

Bitcoin’s dominance fell from a Monday high 62.43% to a Tuesday low 61.21%. At the time of writing, Bitcoin’s dominance stood at 61.74%.

This Morning

At the time of writing, Bitcoin was down by 0.26% to $11,155.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,213.1 to a low $11.085.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV bucked the trend early on, rising by 0.03%.

It was a bearish start for the rest of the majors, however. At the time of writing, Tezos (-2.93%), Stellar’s Lumen (-2.86%), and Ripple’s XRP (-2.64%) led the way down.

BTC/USD 05/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,194 pivot to support a run at the first major resistance level at $11,386.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,300 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,396 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,587. Expect plenty of resistance at $11,500, however.

Failure to move through the $11,194 pivot level would bring the first major support level at $10,993 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels on the day. The second major support level at $10,801 should limit any downside.

 

 

The Crypto Daily – Movers and Shakers – August 3rd, 2020

Bitcoin, BTC to USD, slid by 6.36% on Sunday. Reversing a 4.01% rally from Saturday, Bitcoin ended the week up by 11.11% to $11,053.8.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $12,097 before hitting reverse.

Bitcoin broke through the first major resistance level at $12,022.8 before sliding to an early morning intraday low $10,548.0.

Bitcoin fell through the first major support level at $11,406.8 and the second major support level at $11,008.9.

Steering clear of the third major support level at $10,392.9, Bitcoin briefly revisited $11,300 levels before easing back.

Bitcoin broke back through the second major support level to limit the loss on the day.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Bitcoin Cash ABC (-11.53%), Bitcoin Cash SV (-11.14%), EOS (-10.93%) led the way down.

Cardano’s ADA (-7.16%), Litecoin (-8.02%), and Tron’s TRX (-7.24%) also saw heavy losses

Binance Coin (-3.10%), Ethereum (-3.92%), Monero’s XMR (-5.16%), Ripple’s XRP (-1.25%), Stellar’s Lumen (-4.85%), and Tezos (-4.89%) saw relatively modest losses on the day.

While it was a bearish Sunday, it was a mixed week.

Ripple’s XRP rallied by 33.5% to lead the way.

Bitcoin Cash ABC (+13.82%), Bitcoin Cash SV (+15.09%), Ethereum (+19.52%), and Litecoin (+17.95%) also found strong support.

Binance Coin (+7.10%), EOS (+8.23%), Monero’s XMR (+8.71%), Stellar’s Lumen (+3.29%), and Tron’s TRX (+2.29%) trailed the front runners.

Cardano’s ADA (-9.99%) and Tezos (-3.19%) bucked the trend in the week, however.

In the week, the crypto total market cap rose from a Monday low $284.79bn to a Sunday high $362.06bn. At the time of writing, the total market cap stood at $331.14bn.

Bitcoin’s dominance rose to a Tuesday high 64.58% before sliding to a Sunday low 61.66%. At the time of writing, Bitcoin’s dominance stood at 62.07.

This Morning

At the time of writing, Bitcoin was up by 0.69% to $11,130.5. A mixed start to the day saw Bitcoin fall to an early morning low $10,943.0 before rising to a high $11,169.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day. Stellar’s Lumen was up by 2.46%, at the time of writing, to lead the way.

BTC/USD 03/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,233 pivot to support a run at the first major resistance level at $11,918.

Support from the broader market would be needed, however, for Bitcoin to break out from $11,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,782.

Failure to move through the $11,233 pivot level would bring the first major support level at $10,369 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels on the day.

 

The Crypto Daily – Movers and Shakers – August 2nd, 2020

Bitcoin, BTC to USD, rallied by 4.01% on Saturday. Following a 2.04% gain on Friday, Bitcoin ended the day at $11,804.7.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $11,227 before making a move.

Steering clear of the first major support level at $11,080, Bitcoin rallied to a late intraday high $11,843.0.

Bitcoin broke through the first major resistance level at $11,530 and the second major resistance level at $11,710.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Ethereum (+11.69%), Ripple’s XRP (+12.06%), and Stellar’s Lumen (+10.76%) led the way.

Bitcoin Cash ABC (+6.05%), Bitcoin Cash SV (+5.97%), EOS (+6.71%), Litecoin (+6.01%), Monero’s XMR (+5.94%), and Tezos (+6.87%) also found strong support.

Binance Coin (+4.64%), Cardano’s ADA (+3.79%), and Tron’s TRX (+3.92%) trailed the front runners on the day.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Saturday high $349.72bn. At the time of writing, the total market cap stood at $348.82bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before sliding back. At the time of writing, Bitcoin’s dominance stood at 62.69.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $11,800. A mixed start to the day saw Bitcoin fall to an early morning low $11,788 before rising to a high $11,845.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Ethereum (+0.45%), Monero’s XMR (+0.30%), Stellar’s Limen (+0.58%), and Tron’s TRX (+0.87%) found early support.

It was a bearish start for the rest of the majors, however, with Litecoin down by 0.87% to lead the way down.

BTC/USD 02/08/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,625 pivot to support a run at the first major resistance level at $12,023.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,843.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,241.

Failure to avoid a fall through the $11,625 pivot level would bring the first major support level at $11,407 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $11,009 and sub-$11,000 levels.

The Crypto Daily – Movers and Shakers – August 1st, 2020

Bitcoin, BTC to USD, rallied by 2.04% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the month up by 24.04% to $11,350.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+7.76%), Bitcoin Cash SV (+7.19%), and Ripple’s XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Monero’s XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellar’s Lumen (+0.73%), Tezos (+1.44%), and Tron’s TRX (+1.93%) trailed the front runners.

Cardano’s ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardano’s ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripple’s XRP (+48.21%), and Stellar’s Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Monero’s XMR (33.17%), Tezos (+20.69%), and Tron’s TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.53.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,257.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,398 before falling to a low $11,238.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.14%), Cardano’s ADA (+0.21%), and Stellar’s Lumen (+0.69%) found early support.

It was a bearish start for the rest of the majors, however. Ripple’s XRP was down by 1.44% to lead the way down.

BTC/USD 01/08/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,260 pivot to support a run at the first major resistance level at $11,530.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,440.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,710.

Failure to move through the $11,260 pivot level would bring the first major support level at $11,080 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels and the second major support level at $10,810.

The Crypto Daily – Movers and Shakers – July 31st, 2020

Bitcoin, BTC to USD, rose by 0.05% on Thursday. Following on from a 1.70% gain on Wednesday, Bitcoin ended the day at $11,123.0.

A bearish start to the day saw Bitcoin fall to an early afternoon intraday low $10,855.8 before making a move.

Finding support at the first major support level at $10,852, Bitcoin rose to a late high $11,186.1.

Falling well short of the first major resistance level at $11,380, Bitcoin fell back to sub-$11,100 levels and into the red.

Finding late support, however, Bitcoin move struck a final hour intraday high $11,188 before easing back.

In spite of the pullback, Bitcoin closed out the day in the green.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Thursday.

Ethereum rallied by 5.39% to lead the way.

Bitcoin Cash ABC (+2.43%), Bitcoin Cash SV (+1.52%), Litecoin (+2.92%), Monero’s XMR (+2.58%), and Stellar’s Lumen (+1.72%) also found strong support.

Binance Coin (+0.55%), Cardano’s ADA (+0.62%), EOS (+0.90%), Ripple’s XRP (+0.36%), Tezos (+0.90%), and Tron’s TRX (+0.32%) tailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $321.79bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.58.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $11,105.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,149.3 before falling to a low $11,100.3.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.51%), Monero’s XMR (+0.22%), and Tezos (+0.01%) bucked the trend early on.

It was a bearish start for the rest of the majors, with Bitcoin Cash SV down by 0.58% to lead the way down.

BTC/USD 31/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,056 pivot to support a run at the first major resistance level at $11,255.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,189.2.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,388.

Failure to avoid a fall through the $11,056 pivot level would bring the first major support level at $10,923 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels and the second major support level at $10,723.

The Crypto Daily – The Movers and Shakers – July 30th, 2020

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Cardano’s ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Monero’s XMR (-2.76%), and Stellar’s Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Tron’s TRX (-0.12%) saw more modest losses on the day.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.14.

This Morning

At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Monero’s XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.

Binance Coin (+0.05%), Ethereum (+0.16%), and Stellar’s Lumen (+0.23%) also found early support.

It was a bearish start for the rest of the majors, with Ripple’s XRP down by 1.10% to lead the way down.

BTC/USD 30/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,355.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.

The Crypto Daily – Movers and Shakers – July 29th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Following Monday’s 11.01% breakout, Bitcoin ended the day at $10,932.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,263 before hitting reverse.

Falling short of the first major resistance level at $11,634, Bitcoin fell to a late morning intraday low $10,590.

Steering clear of the first major support level at $10,200, Bitcoin moved back through to $11,200 levels.

A bearish end to the day, however, saw Bitcoin give up the $11,000 handle to end the day in the red.

The near-term bullish trend remained intact, supported by the latest run at $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Ethereum joined Bitcoin in the red, with a 1.49% loss.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash ABC and Cardano’s ADA led the way, with gains of 7.54% and 7.83% respectively.

Bitcoin Cash SV (+3.73%), EOS (+5.06%), Litecoin (+4.61%), Monero’s XMR (+3.77%), and Stellar’s Lumen (+3.66%) also found strong support.

Binance Coin (+2.27%), Ripple’s XRP (+2.67%), Tezos (+0.47%), and Tron’s TRX (+2.26%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $315.11bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.88%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $10,925. A mixed start to the day saw Bitcoin rise to an early morning high $10,994 before falling to a low $10,915.6.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Tezos was up by 0.10%, at the time of writing, to buck the trend.

It was a bearish start for the rest of the majors, however.

Cardano’s ADA was down by 1.85% to lead the way down.

BTC/USD 29/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $10,928 pivot to support a run at the first major resistance level at $11,267.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,200 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,263 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move back through the $10,928 pivot level would bring the first major support level at $10,594 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $10,255.

The Crypto Daily – Movers and Shakers – July 27th, 2020

Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.

It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$9,900 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.

Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.

Resistance at $10,000 pinned Bitcoin back through the 2nd half of the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Monero’s XMR rallied by 6.16% to lead the way.

Cardano’s ADA (+3.43%), Ethereum (+1.90%), and Ripple’s XRP (+0.28%) also joined Bitcoin in the green.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.

Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellar’s Lumen (-1.42%), and Tron’s TRX (-0.99%) also struggled.

It was also a mixed week for the majors.

Stellar’s Lumen fell by 0.99% to buck the trend for the week.

It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.

Bitcoin Cash ABC (+11.20%), Cardano’s ADA (+19.80%), Litecoin (+12.77%), and Monero’s XMR (+13.35%) also found strong support.

Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripple’s XPR (+7.80%), Tezos (+0.18%), and Tron’s TRX (+5.73%) trailed the front runners.

In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoin’s dominance stood at 62.40%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $10,003.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,944.9 before striking a high $10,007.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin and Tezos bucked the trend, with losses of 0.77% and 1.30% respectively.

It was a bullish start for the rest of the majors.

Ethereum was up by 1.79% to lead the way early on.

BTC/USD 27/07/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,938 pivot to support a run at the first major resistance level at $10,201.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,100 levels.

Barring another extended crypto rally, the first major resistance level and Sunday’s high $10,190 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,453.

Failure to avoid a fall through the $9,938 pivot level would bring the first major support level at $9,686 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,423.

The Crypto Daily – Movers and Shakers – July 26th, 2020

Bitcoin, BTC to USD, rose by 1.63% on Saturday. Reversing a 0.58% loss from Friday, Bitcoin ended the day at $9,714.9.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,555.5 to a late intraday high $9,754.5.

Bitcoin broke through the first major resistance level at $9,645.5 and second major resistance level at $9,731.9 before easing back.

A late pullback saw Bitcoin fall back to sub-$9,700 levels before wrapping up the day at $9,700 levels.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Cardano’s ADA rallied by 17.76% to lead the way.

Bitcoin Cash ABC (+6.00%), Bitcoin Cash SV (+7.59%), Ethereum (+9.30%), and Litecoin (+11.43%) also made strong gains.

Binance Coin (+3.38%), EOS (+4.99%), Monero’s XMR (+2.55%), Ripple’s XRP (+5.23%), Stellar’s Lumen (+4.71%), Tezos (+0.89%), and Tron’s TRX (+3.98%) trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Saturday high $291.48bn. At the time of writing, the total market cap stood at $287.68bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Saturday low 61.70%. At the time of writing, Bitcoin’s dominance stood at 62.07%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $9,696.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,722.8 before falling to a low $9,690.4.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.92%) and Bitcoin Cash SV (+0.33%) bucked the trend early on.

It was a bearish start for the rest of the majors, however.

Stellar’s Lumen was down by 1.35% to lead the way down early on.

https://www.tradingview.com/x/ztgae3yU/

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,675 pivot to support a run at the first major resistance level at $9,794.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,754.5.

Barring another extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,874 and resistance at $10,000. The third major resistance level sits at $10,073.

Failure to avoid a fall through the $9,675 pivot level would bring the first major support level at $9,595 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,476.

The Crypto Daily – Movers and Shakers – July 25th, 2020

Bitcoin, BTC to USD, fell by 0.58% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $9,559.1.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,469.7 before making a move.

The pullback saw Bitcoin fall through the first major support level at $9,498.20.

Finding support through the afternoon, Bitcoin rallied to a late intraday high $9,644.0 before hitting reverse.

Falling short of the first major resistance level at $9,708.6, Bitcoin fell back to sub-$9,600 levels to end the day in the red.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+2.24%), Ethereum (+1.46%), and Tron’s TRX (+0.16%) bucked the trend on the day.

It was a bearish day for the rest of the majors, however.

Tezos slid by 5.00% to lead the way down.

Bitcoin Cash SV (-2.47%), EOS (-1.99%), Ripple’s XRP (-2.07%), and Stellar’s Lumen (-2.98%) also struggled.

Bitcoin Cash ABC (-0.55%), Cardano’s ADA (-1.78%), Litecoin (-1.82%), and Monero’s XMR (-1.74%) saw relatively modest losses.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Thursday high $286.03bn. At the time of writing, the total market cap stood at $280.82bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Friday low 62.46%. At the time of writing, Bitcoin’s dominance stood at 62.76%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $9,568.6. A bullish start to the day saw Bitcoin rise from an early morning low $9,559.0 to a high $9,572.5

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.22%), Bitcoin Cash SV (-0.19%), and Monero’s XMR (-0.04%) saw red to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 2.22% to lead the way.

BTC/USD 25/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,558 pivot to support a run at the first major resistance level at $9,646.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,600 levels.

Barring an extended crypto rally, the first major resistance level and Friday high $9,644 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,732 before any pullback.

Failure to avoid a fall through the $9,558 pivot level would bring the first major support level at $9,471 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,383.

The Crypto Daily – The Movers and Shakers – July 24th, 2020

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following on from a 1.65% rally on Wednesday, Bitcoin ended the day at $9,615.0.

It was a bearish first half of the day. Bitcoin fell to an early afternoon intraday low $9,475.0 before making a move.

Steering clear of the first major support level at $9,361, Bitcoin rallied to a late afternoon intraday high $9,685.4.

Bitcoin came within range of the first major resistance level at $9,698.4 before falling back to sub-$9,600 levels.

Finding late support, however, Bitcoin moved back through to $9,600 levels to deliver the upside on the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin and Ethereum rallied by 3.64% and by 4.31% respectively to lead the way.

Bitcoin Cash SV (+0.02%), Cardano’s ADA (+0.38%), Monero’s XMR (+2.54%), Ripple’s XRP (+2.30%), Stellar’s Lumen (+0.88%), and Tezos (+2.54%) also found support.

Bitcoin Cash ABC (-0.48%), EOS (-0.43%), Litecoin (-0.18%), and Tron’s TRX (-0.48%) bucked the trend on the day.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before rising to a Thursday high $286.03bn. At the time of writing, the total market cap stood at $281.11n.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Thursday low 62.47. At the time of writing, Bitcoin’s dominance stood at 62.93%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $9,592.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,615.5 to a low $9,585.7.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was another mixed start to the day. At the time of writing, Binance Coin was up by 0.04% to buck the trend.

It was a bearish start for the rest of the majors, with Tezos down by 1.36% to lead the way down.

BTC/USD 24/07/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $9,592 pivot to support a run at the first major resistance level at $9,709.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,685.4.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,802.2 before any pullback.

Failure to avoid a fall back through the $9,592 pivot level would bring the first major support level at $9,500 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels. The second major resistance level at $9,381.4 should limit any downside.

Crypto Chartbook: Built not Bought

Built not bought

Why?  The most difficult part in trading is execution. No matter if you trade on a neighbors hunch or a computerized trading system, it is sheer impossible to execute a foreigner’s system. You might spend thousands of dollars on a sophisticated black box software and will find yourself turning it off at exactly the worst moment.

Trading is psychology! When a stranger’s advice hit a series of losses you simply can’t stand the heat anymore. Right at that point though, the winning trades might follow. Consequently you underperform the system since you skipped the execution of those vital winners. Built not bought.

BTC-USDT, Monthly Chart

BTC-USDT, monthly chart as of May 25th, 2020

One core component for ending up in the green is a roadmap. A high time frame overview of what your trading instrument is doing from a larger perspective. In the case of Bitcoin we are finding ourselves at exciting times of a possible triangle breakout to the upside. A strong supply zone right below actual price, supports the general tone to be bullish.

BTC-USDT, Daily Chart – Aggressive Early Entry:

BTC-USDT, daily chart as of May 25th, 2020
BTC-USDT, daily chart as of May 25th, 2020

With the principles of our quad exit strategy minimizing risk, we already took an aggressive weekly long entry based on the above daily 40 simple moving average support and other key factors.

Weekly Chart, Built Not Bought, BTC-USDT versus XMR-USDT, Bitcoin Leading:

BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020
BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020

To further reduce risk we use an inter-market relationship we recently extracted. The above weekly chart depicts the relationship between Bitcoin (white line) and Monero (dark blue line).

Points 1,2 and 3 are time starting points where you can make out that Bitcoin has found its recent absolute low within that week.

From those points on Bitcoin prices advanced and built over the next weeks double  or triple bottoms. Illustrated by rising green lines. Most likely these price advances created in most trading systems confirmed long entries.

While Bitcoin at the starting points had its recent lows, Monero actually continued each time trading lower in the weeks to follow. Indicated by falling orange lines.

One way of taking advantage of this market relationship between those two trading vehicles would be of taking a confirmed Bitcoin long entry signal and rather trade the still suppressed Monero prices. Risk is smaller due to the tighter stop and better risk-reward ratio. Consequently one could potentially get more bang for the buck.

In a way Bitcoin can be used as a leading indicator for a Monero trade.

BTC-USDT versus XMR-USDT, Weekly Chart, Built Not Bought, Good Exit Timing:

BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020 b
BTC-USDT versus XMR-USDT, weekly chart as of May 25th, 2020 b

Let us now look at exits. We find a similar relationship to be mutually beneficial to time exits well on Monero through Bitcoin price observation.

We would like to encourage the reader to find very similar relationships extended through our whole portfolio. This way feeling more familiar with our entry and exit timing. As a result making principles and market relationships that we observed your own as well.

Built not bought

It is the series of trades that make a long term winner, not an individual trade. Since we do not have an intuitive aspect as humans for thinking in probabilities we need to gain psychological strength elsewhere for proper execution. Only in depth knowledge of a trading system paired with repetition of reinforced positive results can lead to execution confidence. We are aware that not everybody can master all aspects of becoming a successful investor in creating their own systems from scratch. There are no free lunches though and as such we encourage to take our trading principles, stack them and make them at least partially your own. You can’t just buy a Ferrari and immediatly expect to win the race. Looking under the hood and being aware of the core components, in addition of taking at least a few driving lessons, is part of becoming a winner.

If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.


About the Author: Korbinian Koller

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

EOS & Monero’s XMR Daily Tech Analysis –09/09/19

EOS

EOS rallied by 6% on Sunday. Following on from an 11.2% surge on Saturday, EOS ended the day at $3.7887.

A particularly bullish weekend gave EOS a 15.83% gain for the week.

On the day, a relatively choppy morning saw EOS fall from an early morning high $3.6804 to a late morning intraday low $3.5144.

In spite of the morning moves, EOS left the major support and resistance levels untested.

Finding support from the broader market, EOS rallied to a late afternoon intraday high $3.8250. EOS broke through the first major resistance level at $3.7728 before easing back to sub-$3.70 levels.

A second rally late in the day saw EOS break back through the first major resistance level to revisit $3.8 levels before easing back. While falling back to $3.7 levels, EOS managed to hold above the first major resistance level at the day end.

In spite of the weekend rally, the extended bearish trend, formed back at April 2018’s swing hi $23.03, remained firmly intact. EOS continued to fall short of the 23.6% FIB of $6.62 following a pullback from $8.65 levels in late June.

At the time of writing, EOS was down by 2.42% to $3.6972. A bearish start to the day saw EOS slide from an early morning high $3.8184 to a low $3.6416 before finding support.

EOS left the major support and resistance levels untested early on.

EOS/USD 09/09/19 Daily Chart

For the day ahead

EOS would need to move back through to $3.71 levels to support a run at the first major resistance level at $3.9043.

Support from the broader market would be needed, however, for EOS to break out from this morning’s high $3.8184 and Sunday’s high $3.8250.

Barring a broad-based crypto rally, EOS would likely continue to come up short of $4.0 levels on the day.

Failure to move back through to $3.71 levels would see EOS spend the day in the red. A fall through the morning low $3.6416 to $3.62 levels would bring the first major support level at $3.5937 into play.

Barring a crypto meltdown, EOS should steer well clear of the second major support level at $3.3988.

Looking at the Technical Indicators

Major Support Level: $3.5937

Major Resistance Level: $3.9043

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Monero’s XMR

Monero’s XMR fell by 1.05% on Sunday. Partially reversing a 3.86% gain from Saturday, Monero’s XMR ended the day at $77.28.

Sunday’s pullback left Monero’s XMR with a 7.68% gain for the week.

On the day, a bullish start to the morning saw Monero’s XMR strike an early morning intraday high $78.89 before hitting reverse.

Falling short of the first major resistance level at $80.02, Monero’s XMR slid to a late morning intraday low $74.02.

The reversal saw Monero’s XMR fall through the first major support level at $75.12.

Finding support from the broader market, Monero’s XMR recovered to a 2nd half of a day high $77.51 before easing back to sub-$77 levels.

A return to $77 levels in the final hour of the day limited the downside on the day.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18.

At the time of writing, Monero’s XMR was down by 0.69% to $76.75. Pressured by the broader market, Monero’s XMR fell from an early morning high $77.24 to a low $76.75.

Monero’s XMR left the major support and resistance levels untested early on.

XMR/USD 09/09/19 Daily Chart

For the day ahead

Monero’s XMR would need to move through to $77.30 levels to support a run at the first major resistance level at $78.87.

Support from the broader market would be needed, however, for Monero’s XMR to break through to $78 levels.

In the event of a crypto rebound, the first major resistance level at $78.87 and Sunday’s high $78.89 would likely pin Monero’s XMR back from $80 levels.

Failure to move through to $77.30 levels would see Monero’s XMR slide deeper into the red. A fall through to $76.20 levels would bring the first major support level at $75.70 into play.

Barring an extended sell-off through the day, Monero’s XMR should steer clear of sub-$75 support levels.

Looking at the Technical Indicators

Major Support Level: $75.70

Major Resistance Level: $78.87

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum & Monero’s XMR Daily Tech Analysis – 05/09/19

Ethereum

Ethereum slid by 2.38 on Wednesday. Reversing a 0.08% gain from Tuesday, Ethereum ended the day at $174.82.

A relatively bullish start to the day saw Ethereum strike an early morning high $180.33 before hitting reverse.

Coming up against the first major resistance level at $183.03, Ethereum fell to a late intraday low $173.29.

The reversal saw Ethereum fall through the first major support level at $175.02.

Finding support from the broader market, Ethereum closed out the day at $174 levels to limit the day’s loss.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 0.47% to $174.0. A relatively bearish start to the day saw Ethereum fall from an early morning high $174.95 to a low $173.75.

Ethereum left the major support and resistance levels untested early on.

ETH/USD 05/09/19 Daily Chart

For the day ahead

Ethereum would need to move through the morning high $174.95 to $176 levels would support a run at the first major resistance level at $179.03.

Ethereum would need the support of the broader market, however, to break out from $176 levels later today.

Barring a broad-based crypto rally, Wednesday’s high $180.33 and first major resistance level would likely cap any upside.

Failure to move back through the morning high to $176 levels could see Ethereum struggle on the day.

A fall back through the morning low $173.75 to $172 levels would bring the first major support level at $171.96 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$170 support levels.

Looking at the Technical Indicators

Major Support Level: $171.96

Major Resistance Level: $179.00

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Monero’s XMR

Monero’s XMR fell by 1.21% on Wednesday. Partially reversing a 2.35% gain from Tuesday, Monero’s XMR ended the day at $74.00.

A bearish start to the day saw Monero’s XMR fall from an early morning intraday high $74.97 to an early afternoon intraday low $71.74.

The sell-off saw Monero’s XMR fall through the first major support level at $73.70 and second major support level at $72.13.

Steering clear of sub-$70 support levels, Monero’s XMR found strong support through the afternoon to wrap up the day at $74 levels. Monero’s XMR left the major resistance levels untested throughout the day.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18.

At the time of writing, Monero’s XMR was up by 0.01% to $74.01. A mixed start to the day saw Monero’s XMR rise from an early morning low $73.55 to a high $74.48 before easing back.

Monero’s XMR left the major support and resistance levels untested early on.

XMR/USD 05/09/19 Daily Chart

For the day ahead

Monero’s XMR would need to move back through the morning high $74.48 to support another run at the first major resistance level at $75.4.

Support from the broader market would be needed, however, for Monero’s XMR to break out from Wednesday’s high $74.97.

Barring a broad-based crypto rally, the first major resistance level at $75.4 would likely cap any upside.

In the event of a breakout, Monero’s XMR would target the second major resistance level at $76.8 before any pullback.

Failure to move back through the morning high could see Monero’s XMR spend another day in the red.

A fall through the morning low $73.55 would bring the first major support level at $72.17 into play.

Barring a broad-based crypto sell-off, Monero’s XMR should continue to steer clear of sub-$71 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $72.17

Major Resistance Level: $75.4

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum & Monero’s XMR Daily Tech Analysis – 04/09/19

Ethereum

Ethereum rose by just 0.08% on Tuesday. Following a 4.37% rally on Monday, Ethereum ended the day at $178.96.

A particularly choppy morning saw Ethereum strike an early morning high $180.89 before hitting reverse.

Falling short of the first major resistance level at $183.54, Ethereum fell to a late morning intraday low $175.14.

In spite of the sell-off, Ethereum steered clear of the first major support level at $172.30.

Finding support from the broader market, Ethereum rallied to an early afternoon intraday high $183.15. Ethereum came up short of the first major resistance level at $183.54 before easing back to sub-$180 levels.

A late move through to $181 levels was short-lived, with Ethereum falling back to sub-$180 levels at the day end.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 0.54% to $178.0. A mixed start to the day saw Ethereum rise to an early morning high $179.47 before falling to a low $177.37.

Ethereum left the major support and resistance levels untested early on.

ETH/USD 04/09/19 Daily Chart

For the day ahead

Ethereum would need to move back through to $179 levels to take a run at the first major resistance level at $183.03.

Support from the broader market would be needed, however, for Ethereum to break through to $180 levels.

Barring a broad-based crypto rally, Tuesday’s high $183.15 and first major resistance level should cap any upside.

Failure to move back through to $179 levels could see Ethereum slide back through the morning low to S176 levels.

Barring an extended sell-off through the day, however, Ethereum should steer clear of the first major support level at $175.02.

Looking at the Technical Indicators

Major Support Level: $175.02

Major Resistance Level: $183.03

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Monero’s XMR

Monero’s XMR gained 2.35% on Tuesday. Following on from a 2.41% rise on Monday, Monero’s XMR ended the day at $75.26.

A relatively range-bound morning saw Monero’s XMR fall to a late morning intraday low $73.18 before finding support from the broader market.

Holding well above the first major support level at $70.71, Monero’s XMR rallied to an early afternoon intraday high $75.79.

Monero’s XMR came up against the first major resistance level at $75.51 before easing back to $74 levels.

A late move back through to $75 levels saw Monero’s XMR come within range of the first major resistance level at $75.51.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18.

At the time of writing, Monero’s XMR was down by 1.95% to $73.79. A bearish start to the day saw Monero’s XMR fall from an early morning high $74.97 to a low $73.61.

Steering clear of the major resistance levels, Monero’s XMR tested the first major support level at $73.7 early on.

XMR/USD 04/09/19 Daily Chart

For the day ahead

Monero’s XMR would need to move back through to $74.7 levels to take a run at the first major resistance level at $76.31.

Support from the broader market would be needed, however, for Monero’s XMR to break through Tuesday’s high $75.79.

Barring a broad-based crypto rebound, Monero’s XMR will likely struggle to break out from $74 levels.

Failure to move back through to $74.7 levels could see Monero’s XMR fall deeper into the red

A slide back through the first major support level at $73.7 would bring the second major support level at $72.13 into play.

Barring a crypto meltdown, however, Monero’s XMR should steer clear of sub-$70 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $73.70

Major Resistance Level: $76.31

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum & Monero’s XMR Daily Tech Analysis –02/09/19

Ethereum

Ethereum slipped by 0.35% on Sunday. Partially reversing a 2.07% gain from Saturday, Ethereum ended the day at $171.29.

A bullish start to the day saw Ethereum strike an early morning intraday high $173.98 before hitting reverse.

Falling well short of the first major resistance level at $176.12, Ethereum slid to a late afternoon intraday low $168.03.

In spite of the reversal, Ethereum held above the first major support level at $166.62.

Finding support from the broader market, Ethereum recovered to $170 levels late on to limit the downside on the day.

For the week, Ethereum fell by 7.83%, with a 7.6% tumble on Wednesday doing the damage.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was up by 0.2% to $171.64. A choppy start to the day saw Ethereum strike an early morning high $172 before falling to a low $170.54.

Steering clear of the major support and resistance levels, Ethereum moved back through to $171 levels and into the green.

ETH/USD 02/09/19 Daily Chart

For the day ahead

Ethereum would need to hold onto $171 levels to support a run at the first major resistance level at $174.17.

Support from the broader market would be needed, however, for Ethereum to break through Sunday’s high $173.98.

Barring a broad-based crypto rally, Ethereum would likely fall short of $175 levels for a 2nd consecutive day.

Failure to hold onto $171 levels could see Ethereum slide back into the red. A fall through the morning low $170.54 would bring the first major support level at $168.22 into play.

Barring a crypto meltdown, Ethereum should steer clear of sub-$167 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $168.22

Major Resistance Level: $174.17

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Monero’s XMR

Monero’s XMR rallied by 6.47% on Sunday. Reversing a 0.71% loss from Saturday with interest, Monero’s XMR ended the day at $71.74.

Range-bound through most of the day, Monero’s XMR eased from an early morning high $67.57 to a late afternoon intraday low $66.92.

In spite of the pullback, Monero’s XMR held above the first major support level at $66.35.

Finding support from the broader market, Monero’s XMR rallied to a late intraday high $74.59.

Monero’s XMR broke through the major resistance levels and held above the third major resistance level at $71.17 at the day end.

The Sunday rally reduced the losses for the week to 11.1% and returned Monero’s XMR to the crypto top 10 by market cap.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18.

At the time of writing, Monero’s XMR was down by 1.1% to $70.95. A bearish start to the day saw Monero’s XMR fall from an early morning high $71.84 to a low $70.70.

Monero’s XMR left the major support and resistance levels untested early on.

XMR/USD 02/09/19 Daily Chart

For the day ahead

Monero’s XMR would need to move back through to $71.1 levels to take a run at the first major resistance level at $75.25.

Support from the broader market would be needed, however, for Monero’s XMR to break through Sunday’s high $74.59.

Barring a broad-based crypto rebound, Monero’s XMR will likely struggle to break out from $72 levels.

Failure to move back through to $71.10 levels could Monero’s XMR see red through the day.

A slide back through the morning low $70.70 would bring sub-$70 levels back into play. Barring a crypto meltdown, however, Monero’s XMR should steer clear of the first major support level at $67.58.

Looking at the Technical Indicators

Major Support Level: $67.58

Major Resistance Level: $75.25

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum & Monero’s XMR Daily Tech Analysis – 22/08/19

Ethereum and Monero’s XMR were amongst the worst-performing top 10 crypto’s on Wednesday…

Ethereum

Key Highlights

  • Ethereum slid by 4.68% on Wednesday. Following on from a 2.85% fall on Tuesday, Ethereum ended the day at $187.37.
  • An early morning intraday high $197.17 saw Ethereum fall well short of the first major resistance level at $201.41.
  • A mid-day intraday low $180 saw Ethereum fall through the major support levels of the day.
  • The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. The reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

Ethereum Price Support

Ethereum slid by 4.68% on Wednesday. Following on from a 2.85% fall from Tuesday, Ethereum ended the day at $187.37.

A particularly bearish morning saw Ethereum slide from an early intraday high $197.17 to a mid-day intraday low $180.

The sell-off saw Ethereum slide through the major support levels of the day.

Finding support at $180, Ethereum managed to break back through the third major support level at $181.38 to cut the deficit on the day.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 1.75% to $184.09. Tracking the broader market, Ethereum fell from an early morning high $190.1 to a low $182.53.

Ethereum left the major support and resistance levels untested early on.

ETH/USD 22/08/19 Daily Chart

For the day ahead

Ethereum would need to move back through to $188 levels to take a run at the first major resistance level at $196.36.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $190.1.

Barring a broad-based crypto rebound, Ethereum would likely come up short of $190 levels on the day.

Failure to move back through to $188 levels would see Ethereum see another day in the red. A fall back through the morning low $182.53 would bring the first major support level at $179.19 into play.

Barring another crypto meltdown, Ethereum should steer clear of sub-$170 levels. The second major support level at $171 would likely limit any downside.

Looking at the Technical Indicators

Major Support Level: $179.19

Major Resistance Level: $196.36

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Monero’s XMR

Key Highlights

  • Monero’s XMR tumbled by 6.11% on Wednesday. Following on from a 4.71% slide on Tuesday, Monero’s XMR ended the day at $80.65.
  • An early morning intraday high $86.41 saw Monero’s XMR fall well short of the first major resistance level at $89.74.
  • An early afternoon intraday low $79 saw Monero’s XMR fall through the first major support level at $83.24 and second major support level at $80.59.
  • The extended bearish trend, formed at late April 2018’s swing hi $298, remained firmly intact. The July reversal through the 23.6% FIB of $99 reaffirmed the extended bearish.

 

Monero’s XMR Price Support

Monero’s XMR tumbled by 6.11% on Wednesday. Following on from a 4.71% slide on Tuesday, Monero’s XMR ended the day at $80.65.

A particularly bearish morning saw Monero’s XMR slide from an early intraday high $86.41 to an early afternoon intraday low $79.

The sell-off saw Monero’s XMR fell through the first major support level at $83.24 and second major support level at $80.59.

Finding support at sub-$80, Monero’s XMR managed to briefly visit $82 levels before falling back to $80 levels.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18.

At the time of writing, Monero’s XMR was down by 1.92% to $79.1. Another bearish start to the day saw Monero’s XMR slide from a morning high $80.97 to a low $78.6 before finding support.

Monero’s XMR left the major support and resistance levels untested early on.

XMR/USD 22/08/19 Daily Chart

For the day ahead

Monero’s XMR would need to move through to $82 levels to take a run at the first major resistance level at $85.04.

Support from the broader market would be needed, however, for Monero’s XMR to break out from $83 levels.

Barring a broad-based crypto rebound, Monero’s XMR will likely struggle to break out from $82 levels.

Failure to move back through to $82 levels could Monero’s XMR struggle through the day.

A slide back through the morning low $78.6 would bring the first major support level at $77.63 into play.

Barring another crypto meltdown, Monero’s XMR should steer clear of sub-$76 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $77.63

Major Resistance Level: $85.04

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Monero Technical Analysis – Support Levels in Play – 21/08/19

Key Highlights

  • Monero’s XMR slid by 4.71% on Tuesday. Reversing a 2.34% gain from Monday, Monero’s XMR ended the day at $85.9.
  • An early morning intraday high $90.93 saw Monero’s XMR fall well short of the first major resistance level at $92.08.
  • A late intraday low $84.43 saw Monero’s XMR fall through the first major support level at $86.13.
  • The extended bearish trend, formed at late April 2018’s swing hi $298, remained firmly intact. The July reversal through the 23.6% FIB of $99 reaffirmed the extended bearish trend after Monero’s XMR had continued to fall short of the 38.2% FIB of $137.

How to Buy Monero’s XMR

Monero’s XMR Price Support

Monero’s XMR slid by 4.71% on Tuesday. Reversing a 2.34% gain from Monday, Monero’s XMR ended the day at $85.9.

A bullish start to the day saw Monero’s XMR strike an early intraday high $90.93 before succumbing to market forces.

Falling short of the major resistance levels, Monero’s XMR slid to a late intraday low $84.43. Pressured by the broader market, Monero’s XMR fell through the first major support level at $86.13.

Finding support late in the day, Monero’s XMR managed to move back through to $85 levels to limit the downside on the day.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99, reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18. Ahead of the pullback, Monero’s XRM had also failed to break through the 38.2% FIB of $137 to take a run at the 62% FIB of $198.

For the bulls, a move back through to $115 levels would be needed to support a run at $140 levels. A move through the 38.2% FIB would see Monero’s XMR form a near-term bullish trend.

At the time of writing, Monero’s XMR was down by 1.09% to $84.96. A particularly bearish start to the day saw Monero’s XMR fall from an early morning high $86.41 to a low $84.85.

Monero’s XMR left the major support and resistance levels untested in the early hours.

XMR/USD 21/08/19 Daily Chart

For the day ahead

Monero’s XMR would need to break through to $87 levels to support a run at the first major resistance level at $89.74.

Support from the broader market would be needed, however, to break out from this morning’s high $86.41.

Barring a broad-based crypto rebound, Monero’s XMR would likely come up short of $90 levels on the day.

Failure to move through to $87 levels would see Monero’s XMR struggle on the day. A fall through $84.5 would bring the first major support level at $83.24 into play before any recovery.

Barring an extended sell-off through the day, Monero’s XMR should steer clear of sub-$82 levels.

Looking at the Technical Indicators

Major Support Level: $83.24

Major Resistance Level: $89.74

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob

Monero Technical Analysis – Support Levels in Play – 13/08/19

Key Highlights

  • Monero’s XMR fell by 0.57% on Monday. Partially reversing a 2.47% fall from Sunday, Monero’s XMR ended the day at $91.17.
  • An early morning intraday high $91.88 saw Monero’s XMR fall well short of the first major resistance level at $93.36.
  • A mid-day intraday low $90.08 saw Monero’s XMR fall through the first major support level at $90.49.
  • The extended bearish trend, formed at late April 2018’s swing hi $298, remained firmly intact. The July reversal through the 23.6% FIB of $99 reaffirmed the extended bearish trend after Monero’s XMR had continued to fall short of the 38.2% FIB of $137.

How to Buy Monero’s XMR

Monero’s XMR Price Support

Monero’s XMR fell by 0.57% on Monday. Partially reversing a 2.47% gain from Sunday, Monero’s XMR ended the day at $91.17.

A mixed start to the day saw Monero’s XMR strike an early morning intraday high $91.88 before hitting reverse.

Falling well short of the first major resistance level at $93.36, Monero’s XMR fell to a mid-day intraday low $90.08.

The pullback saw Monero’s XMR fall through the first major support level at $90.49 before finding support.

Steering clear of sub-$90 levels, Monero’s XMR managed to bounce back to a $91.7 levels late in the day before easing back. On the day, avoiding a fall through to sub-$90 was key.

For Monero’s XMR, the extended bearish trend formed at late April 2018’s swing hi $298 remained intact. The July fall back through the 23.6% FIB of $99 reaffirmed the extended bearish trend, following 15th December’s swing lo $37.18. Ahead of the pullback, Monero’s XRM had also failed to break through the 38.2% FIB of $137 to take a run at the 62% FIB of $198.

For the bulls, a move back through to $115 levels would be needed to support a run at $140 levels. A move through the 38.2% FIB would see Monero’s XMR form a near-term bullish trend.

At the time of writing, Monero’s XMR was down by 0.52% to $90.70. A bearish start to the day saw Monero’s XMR fall from a morning high $91.64 to a low $90.70.

Monero’s XMR left the major support and resistance levels untested early on.

XMR/USD 13/08/19 Daily Chart

For the day ahead

Monero’s XMR would need to move back through the morning high $91.64 to take a run at the first major resistance level at $92.

Support from the broader market would be needed, however, for Monero’s XMR to break through to $91 levels.

Barring a broad-based crypto rally, Monero’s XMR would likely come up short of $93 levels on the day. Monday’s high $91.88 and the first major resistance level at $92 would likely limit any upside.

Failure to move through the morning high could see Monero’s XMR fall deeper into the red. A fall through the morning low $90.70 would bring the first major support level at $90.21 into play.

Barring an extended crypto sell-off, however, Monero’s XMR should steer clear of sub-$90 support levels on the day.

Looking at the Technical Indicators

Major Support Level: $90.21

Major Resistance Level: $92.01

23.6% FIB Retracement Level: $99

38.2% FIB Retracement Level: $137

62% FIB Retracement Level: $198

Please let us know what you think in the comments below.

Thanks, Bob