It has been almost forever since I posted about cryptocurrency, it is just a matter of being patient, doing the work necessary and getting the training done. Yes, I did go for a course on trading cryptocurrency and evaluating ICOs; I did this during the bear months as it was the best time as there was a calm before the storm… we are looking at February 2019 for SEC decision on the BITCOIN ETF, which would pave way for the masses to buy Bitcoin in a more mainstream way. This should open up ways for more cryptocurrencies to find their way and be accepted by Main Street/stream. Beside that, the blockchain technology is here to stay, and grow. Limitations aside, the potential is massive given only the creative mind for fintech and beyond. Banks around the world and governments are scrambling to get ahead, and this is a really good indication that blockchain technology is robust for adoption soon, as well as the implementation and acceptance of cryptocurrencies to rise dramatically.

That said, the crypto bear market has been over done and over due for a recovery. Before a recovery, there should be some consolidation, and it is my observation that we are in that phase just now…

Bitcoin BTCUSD is consolidating about 3250 to 4000ish. If you notice, there appears to be a Head & Shoulders pattern forming, and breaking out of the downtrend line, it should target 5250 quickly. It is comforting that MACD is building up some support for the breakout.

Note the green arrow, that was a real trade to move into BTCUSD, not for upside, but for a strategic store. Thus far, there has been a rather wide range, so we have to be patient for the breakout…

Etherum ETHUSD, meanwhile, is the star of the crypto universe. Having dropped close to 80, it was grossly undervalued and recovered rather strongly to hit 160, just to pull back for a higher low, and then confirmation of the breakout. The green arrow is where a real position was taken to buy ETHUSD, at 140, on 3rd January 2019. At time of writing, ETHUSD had made a new high, and is holding steady at 160ish. This is the first time in a long while we see ETHUSD holding above the 55EMA, and is expected to find resistance around 220-240. The MACD is very supportive of the currently bullish run.

Litecoin LTCUSD had taken the backbench for a very long time and today, it just started to gain some traction, being a leader at +10% for the day, breaking above the 55EMA. Similarly, the MACD shows potential for a good follow through as it breaks out with an inverse head & Shoulders pattern, targeting 48 in the near term. Marked for a real position taken just hours ago…

Tron TRXUSD is another alternative coin worth mentioning. This very volatile alt coin is just breaking out of a resistance trend line. It had already crossed above the 55EMA and tested the 55EMA and now is looking for a higher high breakout above resistance. MACD is very supportive for a breakout, having turned bullish recently. Upon breakout, it can be expected, to reach 0.035 with some ease. This expectation comes with taking an early position depicted by the green arrow taken a few hours ago…

It really looks like there are robust early signs of the Crypto market to come alive soon… a bottom may have been found and after consolidation, might be the next leg of massive rallies. Only time will tell…

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