StockChart.com’s Chart School section of their site is in my opinion the best free resource on technical analysis online.
A section focused on technical analysis. Any article that looks at charts or talks about how to look at charts can be found here.
Please note we don’t do price targets on this site, we do educational content focused on learning about the basics of technical analysis.
With that in mind you’ll find two types of content here:
- Discussions about the fundamentals of the technicals and resources. Things like “what is technical analysis,” “how to use Trading View,” and “how to use moving averages in crypto.”
- Educational and informational looks at historic, current, and potential crypto charts (sometimes compared to non-crypto charts). So things like “a comparison of 2014 and 2018,” or comparing the tech bubble to the crypto bubble,” or “bulls need to ward off this death cross or it won’t be a good look technically speaking; Let’s take a look at what death crosses mean.”
NOTE: This content is meant to be informational and educational; it is not investing advice. That said, here is some free life advice, as a general rule of thumb don’t make important financial decisions based on information you find on the internet… 🤓
The 2018 triangle broke down Nov 19th and it resulted in a 50% drop for BTC. There is however a possibility that this will end up being a false breakdown. Let’s look what a “False Continuation Breakout” pattern would look like in BTC.
The decline in the total market cap of all crypto in 2018 from peak to low is actually bigger than in 2014. Not just in dollar amount, but in the percentage dropped.
Here is Bitcoin’s 2018 bubble overlaid on top of the 2014 bubble. Below you’ll find a chart that looks at the crypto market caps from this time period as well.
BTC hit 2018 lows today, and at first it seemed the overarching 2018 triangle was breaking down. However, the triangle never really fully broke down in both USD and USDT.
Bitcoin (BTC) has been trapped under a few important moving averages for most of the 2018 bear market. These Moving Averages have mostly been acting as resistance. To start a new bull trend and ward off more bear, we need to turn these resistances into supports.
No one can time the bottom of a market, but there are some signs to look for the help you spot the bottom of a market cycle.
Is this the anger / depression phase of the cryptocurrency market cycle? Let’s take a look at the phases of a market cycle and the chart of the crypto market cap over time to see.
One could argue that most crypto charts, in most trading pairs, are forming giant falling wedge patterns (a bullish reversal pattern). This wouldn’t be the first time this sort of pattern has occurred in crypto and resulted in the start of a new market cycle.
Here on July 12th, 2018 Bitcoin is in a bear market and some indicators are bearish. However, there is also a potential inverse head and shoulders and Adam and Eve forming which could take us back to a bull market. Let’s examine the bull case vs. bear case.