JefeCaan

JefeCaan

poll(29) Analyses group(11) Followes thumb_up_alt(16) Likes cryptodailyukjefecaan public

Executive VP, CryptoDaily

Chainlink (LINK) Risks Major Correction

Chainlink (LINK) Risks Major Correction

| JefeCaan

Chainlink (LINK) is now on the verge of a major correction after the recent bullish frenzy that ended up costing critics like Zeus Capital millions of dollars for exposing it and warning people that it will dump. To prove the critics wrong, a few pla...

Bitcoin Reversion To Mean Before Next Move Higher

Bitcoin Reversion To Mean Before Next Move Higher

| JefeCaan

Bitcoin is expected to revert to the mean before a potential higher. This would be in line with a similar move in stocks as well which might be sparked by news of a second wave of Coronavirus. Regardless of the catalyst, both markets are primed for a...

Ethereum Days Away From A Big Crash Against Bitcoin

Ethereum Days Away From A Big Crash Against Bitcoin

| JefeCaan

The interesting thing about the cryptocurrency market is that certain patterns repeat over and over. We have been watching one of such patterns on ETH/BTC which now indicates that Ethereum might be days away from a colossal downtrend against Bitcoin....

BTC Has Broken Below The Symmetrical Triangle

BTC Has Broken Below The Symmetrical Triangle

| JefeCaan

The symmetrical triangle that we have seen BTC/USD trade inside for weeks has finally been broken to the downside. This is an important market development because we now have confirmation that the bulls have lost. ...

Bitcoin Fakeout or Breakout?

Bitcoin Fakeout or Breakout?

| JefeCaan

Is this a breakout or a fakeout? Well, from what we know from Bitcoin's past trading history especially during a downtrend, there have been more and more of these moves especially after the launch of derivatives in this market. Institutions don't pla...

Ethereum Risks Further Downside Against Bitcoin

Ethereum Risks Further Downside Against Bitcoin

| JefeCaan

Ethereum risks a major decline against Bitcoin. Interestingly, we are seeing ETH/BTC repeat a fractal from the month of March. We have already been talking about how Bitcoin is replicating the previous bear flag. Now, ETH/BTC seems to be doing the sa...

Ethereum Fails To Break Past Strong Psychological Resistance

Ethereum Fails To Break Past Strong Psychological Resistance

| JefeCaan

Ethereum has failed to break past the key psychological resistance at $200. The bulls have been trying hard to regain control but it seems to be too late now. The bears are already stepping in and we might soon see them gain the momentum to pull ETH/...

Bitcoin Could Still Rally Towards $10k

Bitcoin Could Still Rally Towards $10k

| JefeCaan

Bitcoin is testing $9k over and over again which has increased the odds of a break higher towards $10k. Another good reason why that could happen is that the majority of traders and analysts have turned too bearish again. There is no denying that we ...

Ethereum Needs To Remain Above $206.4 To Maintain Bullish Momentum

Ethereum Needs To Remain Above $206.4 To Maintain Bullish Momentum

| JefeCaan

Ethereum needs to hold its ground above the key $206.4 level on the daily time frame to maintain bullish momentum. The bulls quickly came to the rescue to save the price from declining further but it is still hanging by a thread. This could all easil...

Bitcoin Fails To Take Out Previous Highs

Bitcoin Fails To Take Out Previous Highs

| JefeCaan

Bitcoin has failed to take out previous highs. We are now anticipating sideways movement for the foreseeable future. The daily chart for BTC/USD shows that it has faced rejection at the previous resistance and will now remain range bound for the next...