I am not a crypto trader but listened to a very interesting podcast over the weekend that focused on Dogecoin. The link to this 37 minute NY Times podcast is here and is well worth a listen. This podcast piqued my interest and got me checking the chart of DOGE/USD and my findings are below.
Over the weekend I was asked a question about a triangle breakout on the 15 min chart of BTCUSD and whether the negative ADX set up would have precluded this trade idea. Here are my thoughts and observations. You may benefit from my article on the ADX, if you are not familiar with this indicator, […]
BTC/USD: The recovery of BTC/USD over recent weeks has brought this cryptocurrency back into focus for many traders and analysts. BTC/USD closed the week with a large bullish weekly candle and just under the $19,000 whole-number S/R level. I have long been on record wondering if this 2019 – current swing High move is part […]
I have been urging my followers to watch for any bullish uptick with $BTCUSD given the descending wedge pattern that has been developing on the daily chart for the last 14 months. Such patterns are highly predictive off bullish-reversal price action and, hence, the interest. There was a recent but tepid breakout, with some some […]