Bitcoin rallied to kick off the week to about $42K before pulling back, closing the weekly candle with a bit of a shooting star. This is a bearish candle but the jury is very much still out. Transitioning from one trend to another is a messy process, especially in crypto…

Ethereum rallied again this week, building off of last week’s explosive move up and forming another higher high on the weekly chart to print ETH’s highest price since mid-June. While it seems like the short-term downtrend from May is all but kaput, ETH will need to slice through resistance around…

Bitcoin fell a hair on Thursday, trading right around the $40K level before closing the daily candle just underneath, giving us a quiet sideways Thursday candle. Following the early-week breakout higher, BTC could take a few days or even a couple weeks to digest the gains before continuing to higher…

Bitcoin rallied to kick off the week, exploding above the $40K level before pulling back a bit, ending Tuesday’s session around $39K. This is bullish as Bitcoin is now trading back above the 50 Week EMA, giving Bitcoin a technical bullish divergence and a decisive end to the short-term downtrend. …

Bitcoin rallied on Wednesday, recovering back above the $30K level and nearly reaching $33K before pulling back a bit, closing the daily around $32K. This is bullish short-term as it validated support at $30K, erased the previous 2 days’ losses, and gives us a short-term higher high. A drop below…

Ethereum sold off last week, breaking below the $2,000 level and closing the weekly candle around $1,800. This week hasn’t been much better as ETH continues to follow Bitcoin’s lead and drift lower. With the 2017/2018 highs in sight, a drop to the low four-figures is not out of…

Bitcoin fell a bit last week, getting rejected by the 50 Week EMA and pulling back to around $31K over the weekend. Bitcoin is off to a weak start to this week as it drifts ever-lower to just above $30K. If this doesn’t hold, look for a swift drop to…

Bitcoin fell on Thursday, giving back all of yesterday’s gains and then some, closing the daily candle below $32K. This is an ominous looking chart and Bitcoin looks ready to fall off a cliff if it breaks below $30K. (July 15, 2021 8:30PM EST) Short-Term All eyes are on $30K as…

Bitcoin rallied a bit on Wednesday, rising to about the $33K level before the closing the daily candle near the highs. This is a bullish hammer, albeit a small one, so I’m far from convinced that the short-term trend has switched to bullish. (July 14, 2021 8:30PM EST) Short-Term Down 2…