It has been a while since I have updated the Cryptos, so we will look at Bitcoin and Ethereum in the charts below. On the left is a daily chart with a 20, 50 and 200 day moving average and on the right, is a 12-hour chart with a 10, 20 and 50 DMA.
Ripple Ethereum Bitcoin Litecoin Think of REBL as the FANG of crypto! RELATED Should You Trade Cryptos? Alphatrends Plan for Trading Cryptos
My Plan for Sharing Crypto Trades on Alphatrends Brian Shannon, CMT First, I’m not a money manager or Registered Investment Advisor. I do not make recommendations about what percentage of your overall portfolio should be allocated to different asset classes. I do know that cryptos should be considered part of your riskiest assets and therefore … Read More
I have been invovled in Bitcoin and other cryptocurrencies since 2013 During that time, I have done well with Bitcoin, Ethereum and Litecoin. I have always been hesitant to mention trading them because the risks have been so high. Well, as you know, the rewards have been more than enough to justify those initial risks.. … Read More
When there are no traditional fundamentals to value an asset, technical analysis can provide more insight than people realize. Notice how some simple moving averages and Fibonacci retracement levels have acted as both support and resistance during the recent volatility. The daily chart above shows how the late December selloff in Bitcoin saw a sharp … Read More
I don’t like gold, I never have. As an equity trader, I think that the Gold Trust ETF (GLD) is one of the worst products there is to trade with its almost daily gaps. For the last 5 or more years I have provided commentary and analysis of Gold and at the end of 2014 … Read More
There are no shortage of strong opinions on the matter of crypto-currencies like Bitcoin $BTCUSD I am very intrigued by it from a number of reasons. 1- I am a trader and the volatility is amazing. It seems to me that there are a lot of amateurs trading the crypto currencies and that creates a … Read More