RotiWokeman

Watchlist Update 03 | BTC, ZEC, ETC, DGB, GBYTE, XZC, SUB, KMD

BITTREX:ZECBTC   Zcash / Bitcoin
Hello everyone and welcome to today's watchlist update. I was thinking of calling this "Fresh Rotis" but it'd be a bit odd referring to myself as food. Anyways,

The market is a bit quiet so far today. Bitcoin             is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term bearish while setting up for future Elliott wave impulse moves, while ETC-BTC is getting some hype.
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Summary:

BTC-USD             | Still sideways after a bounce and breaking down the daily downtrend, Ichimoku is flipped bearish , still finding resistance at 9087 and support above 7883. Some people are saying this is an inverse head and shoulders setup, we need more bullish momentum for follow-through. The 1H Ichimoku looks better with some support off the MAs but still not great.

SUB-BTC | Breakdown of falling wedge in RSI , touching resistance of downtrend line after an inside bar bear break, may break down the shorter-term uptrend line, Ichimoku not looking great on hourly or daily charts .

DGB-BTC | Looking a bit bearish but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these Elliott waves and possible future support-resistance lines. All conjecture but this downtrend may be a falling wedge . used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here:

GBYTE-BTC | Hidden bullish divergence on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a rising wedge .

ETC-BTC | Hype from the airdrop event, the C wave of the correctional Elliott wave can often revisit the level of the 4th wave of the previous impulse wave. Hidden bullish divergence on 15min with a bull flag .

XZC-BTC | looking very similar to BTC             .

KMD-BTC | still in the downtrend and finding support.

ZEC-BTC | 1st target hit with edge-to-edge cloud break.

ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video.

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I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC             pairs right now.

That's all for now, y'all have a good Tuesday afternoon. Roti out.
Comment: This is for educational purposes only, this is not financial advice. All ideas are my own, please do your own research!
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