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Full Market Recap Free To Public: Bitcoin And 20+ Alt-Coins

February 18, 2020

Bitcoin Live With the drop back below $10k it’s a reminder that after big moves it just does not close GREEN on every bar! We need to look at the big picture. BTC 50 period moving average just broke through the 200 on the daily. Let us take some patience now and strategize the next few positions that arrive. I want us to protect capital and be ready for the next opportunities. With February halfway through I believe it will be a ranging chop period for the next 10-14 days. Then after patience runs dry we can get a major trending move during the late March timeframe. So in summation, we get this bounce in alts, then I would be a fader of holding many alts unless you are keen on trading for more BTC. I think there will be some serious alt drops so don’t get caught without a…

Bitcoin, Cryptocurrency

The Market is Telling Us This about BTC Price (Bulls need $9500+)– Member Requests – ICX, LINK, NEO, ONT, HOT, TNT, XTZ, ETH, XMR, ENJ, CRPT, GRIN (must LQQK BCH & BNB)

November 6, 2019

markdukas

Bitcoin Live Where We Are? Bitcoin is potentially forming a short term double top. This COULD potentially bring everything down. Let us be aware of all possibilities and also have our STOPS in PLACE, a PLAN in PLACE and then EXECUTE! So let us stay aware of the holes in the bullish thesis. $9500 is a mark it must cross and stay above If the market is to warm up again we need price above the $9500 level taking out this price action. Alts are overall looking stronger than BTC at this point in time. If altcoins end up breaking out, BTC could follow this breakout. Alts I like this week for positions BCH and BNB positions This is What Price Has Going for it (BULLS) 1) Bullish Flag formation 2) Daily chart on SmartMoney Algo is LONG 3) Accumulation Phase (which is where bullish trends start) This is What…

Bitcoin, Cryptocurrency

My Thought Process Behind the 2019 Rally

September 6, 2019

markdukas

The savage 2019 rally this year occurred from March to July. BTC went from ~$3,000 to ~$14,000. I have eerie thoughts that not many bought from $3-5k each time thinking BTC was staying in a bear market when in reality it rose 350%+ trough to peak. The move this year in cryptos was about Bitcoin itself and nothing else. Some coins performed decently but you needed to pick the right ones and then also take profits. In the end, the volatility of those coins and greed again reared its ugly head as many missed out on even 100% returns. Comparing and contrasting the BTC chart and TOTAL2 (total2 is a chart of the altcoin marketplace without factoring BTCs market cap). We see the dichotomy of these two charts in terms of gains. The move up in TOTAL2, in my opinion, can be attributed to the last few influx pumps of coins like ATOM, BNB,…

Bitcoin, Cryptocurrency

Excitement to End of a Rally- I’ve EXITED all swing trades & taken PROFITS – BEAR DIVERGENCE on SmartMoney Algo

June 4, 2019

markdukas

Bitcoin Live A premium post from May 30th from our Analyst Mark Dukas. Yesterday the BTC price came within $3.11 of my target on Bitstamp. $9,100 was met with an intense dump that I believe will continue until some stabilization. The SmartMoney algo yesterday afternoon confirmed BEARISH DIVERGENCE on the 480 min chart. This also happened when the price moved from $6k-20k. This time we moved from $3k-9k. This isn’t going to be a one or two-day event. We now have to watch price action unfold and see where price action leads us. This market has gone up almost 200% and altcoins going up 15%-35% respectively during the month of May tells me now to TAKE PROFITS, be prudent and protect my capital. With so many variables in place, I like to have CASH/TETHER available to re-deploy and not be left watching the price go back to my entries or giving…

Bitcoin, Cryptocurrency

Could Your Family Recover Your Crypto?

February 4, 2019

markdukas

Passing along family heirlooms, values and possessions is a reasonably straightforward process. With the advent of digital assets, it is more important than ever to make sure you have a proper setup in the case of a tragic accident or incapacitation. It is not something which requires tremendous amounts of time and when it’s done, it’s done. What are the ramifications of not properly preparing an inheritance and the beneficiaries of your crypto? Total loss. It’s Already Happening! Crypto enthusiast Matthew Moody, died in a plane crash and passed away without giving anyone access to his wallet details. Now almost six years later, his father, Michael Moody, is still searching for ways to uncover his son’s fortune. https://www.bloomberg.com/news/articles/2018-02-13/bitcoin-industry-grapples-with-age-old-problem-of-inheritance “Moody says entrepreneurial young people, unfamiliar with emerging digital currencies, need to be better educated about the steps needed to be taken to ensure their investments are properly secured, both for themselves…

Bitcoin, Cryptocurrency

Building Your Crypto Portfolio with a Pyramid Structure

September 18, 2018

markdukas

Welcome to Bitcoin Live. Below is an excerpt from Mark Dukas’ article on Building a Crypto Portfolio: Now that we’ve touched upon the idea of holding more than one coin, let’s look at an investment pyramid in order to figure out how to properly allocate holdings. PURPLE – This represents 50%-65% of your long term portfolio and is your highest quality holding. I put bitcoin solely in here. Some other investors believe that Ethereum warrants a position in this section. I move ETH to orange and it is not something I actively hold (anymore). For me bitcoin comprises 50%+ of my pyramid always and forever. Plain and simple. When my portfolio net worth has reached a certain level I plan to shift this to 75%-80%. The reason being, bitcoin is the reserve currency for crypto and potentially for failing world currencies in the future. Those two reasons are why I want the…

Bitcoin, Cryptocurrency

EOS & XLM Downtrend Breakouts Coming? – Alt Coin Trading Analysis

August 29, 2018

markdukas

Are EOS & XLM preparing for downtrend breakouts? Here is a sample from Mark Dukas’ weekly Alt-Coin analysis. EOS DAILY The downtrend channel is being tested on August 29th Often the first attempts at breaking out of these types of channels fail so it may take two or three bounces to take this out. SmartMoney algo reading a -2.05 EOS bulls would like to see price close above $6.81. STELLAR LUMENS – XLM (daily and weekly) Price squeeze making higher lows and lower highs Price is approaching the 50 SMA at .24 cents Rising 50 SMA This is going to break one way or the other as squeezes play out. XLM WEEKLY Some may call this a pennant on the weekly. My job is to show you all possibilities so here is one that may play out if we turn into a bull trend.

Bitcoin, Cryptocurrency

Fundamental Analysis of Ripple & XRP – Is it Portfolio Worthy?

August 17, 2018

markdukas

The difference between Ripple and XRP Ripple seems to always be in the news. It’s a polarizing coin in a world where crypto is the polarizing ecosystem all to itself. It not only has its core group of followers but it also has its fair share of detractors. This article intends to clear up the confusion, get the facts straight and give an outlook on XRP the token. Ripple Labs is the name of the company which created the XRP token. The two are closely tied but different when you take a deeper look. You cannot mine XRP like bitcoin or litecoin. The sole purpose is to move money from point A to point B. To be more efficient and effective over wire transfers. Ripple intends to become an instant form of money transfer (average transaction times are four seconds). The network can handle about 1,500 transactions per second. Ripple,…

Bitcoin, Cryptocurrency

Price Chart Updates for BTC, ETH, XRP, XMR

August 8, 2018

markdukas

Bitcoin Live If you know what happened to humpty dumpy this title needs no introduction. If you need a refresher. I am alluding to is the market going to fall off and be broken or can it stand its ground and recover. —————————————————————- One thought that’s been resonating with me lately is no one wants to talk/work/research during a bear market. People are walking away and shutting their eyes. The hard part for most is putting in the work when things are toughest. These are the times to do the talking, to invest in yourself and start to lay your bricks. It is how you build for the future. —————————————————————- Here is the Wednesday run down……. The weekly bitcoin to large cap alts chart comparison BTC is now only a few percentage points away from the last time it hit $5700 Short term bulls need to defend $6100-$6300 and from…

Bitcoin, Cryptocurrency

Psychology of Market Cycles & Recency Bias – Let’s Get a Grip

June 25, 2018

markdukas

I woke up and thought about the markets, thinking it’s going to be a brutal way back to $10,000. Will it ever get back up to 10k or even an all-time high? Did I have a case of the Mondays? No. I have just been bombarded by the crypto hate lately so I took a step back. June 25th, 2017 bitcoin closed at $2,477. Today its currently trading at $6,258 a solid 152% ROI in one year. If you told me 365 days ago Bitcoin would be up 152% after climbing up from $1,000 earlier in the year I would have been happier than a pig in mud. Which brings me to…….. A topic not discussed enough and recency bias. Wikinvest defines it as: “where stock market participants evaluate their portfolio performance based on recent results or on their perspective of recent results and make incorrect conclusions that ultimately lead to incorrect…

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