Watchlist Update 04 | BTC, KMD, DGB, ETC, GBYTE, SC
Hello and welcome to today's watchlist update :D The bulls arrived this morning. My newsfeed continues to be bullish and positive, no insane FUD this morning on my end.
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Overall market cap: Up several billion this morning. Major cryptos are all very bullish this morning.
BTC-USD Coinbase | Broke resistance of 9089 on huge bullish volume, followed by a bullish pennant and an inside bull break of the pennant, pivot point at about 9158 and now possibly forming another pennant. Bearish volume arriving, be careful.
KMD-BTC Bittrex | 4H inside bar bull break, rising well above the strong support line of 0.0004547.
KMD-USD | 1H edge-to-edge Ichimoku cloud break, strong push to the upside. Capital flowing back into the markets overall.
DGB-BTC Bittrex | 1H edge-to-edge Ichimoku cloud break, very strong bullish push followed by a long-tailed candle from bulls buying the dip.
ETC-BTC Bittrex | Finding strong support around 0.006303 and 0.0055641, retracement looks healthy for bulls. The previous slow establishment of support levels means it has has trouble dropping too hard, I think it will hold in this range. Ichimoku cloud has only flipped bearish on 15min and we have broken the channel trend that I drew earlier.
GBYTE-BTC | Strong breakout of the rising wedge that I deemed to be bearish, looks like fundamentals may be trumping pure technical analysis or perhaps I misread this and it's actually a bull flag. It's smashing through a wall of previous support zones so I'm still skeptical of this bull run, despite a decent amount of volume. Please throw me some ideas in the comments section!
SC-BTC Bittrex | Sideways, waiting to see if this finished off the correctional C subwave of the current Grand Supercycle.
ZEC-BTC Bittrex | I didn't cover this one that well as the clock was ticking (Maybe I should roll this over to Youtube eh?) but Zcash still has rom for downside. While it has had a lot of bullishness recently, I only imagine that it will need to retrace and build a stronger base before pushing further to the upside sustainably. To me it looks tired and may even be forming a larger head and shoulders pattern. What do you guys think?
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This is for educational purposes only and is not financial advice.
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Overall market cap: Up several billion this morning. Major cryptos are all very bullish this morning.
BTC-USD Coinbase | Broke resistance of 9089 on huge bullish volume, followed by a bullish pennant and an inside bull break of the pennant, pivot point at about 9158 and now possibly forming another pennant. Bearish volume arriving, be careful.
KMD-BTC Bittrex | 4H inside bar bull break, rising well above the strong support line of 0.0004547.
KMD-USD | 1H edge-to-edge Ichimoku cloud break, strong push to the upside. Capital flowing back into the markets overall.
DGB-BTC Bittrex | 1H edge-to-edge Ichimoku cloud break, very strong bullish push followed by a long-tailed candle from bulls buying the dip.
ETC-BTC Bittrex | Finding strong support around 0.006303 and 0.0055641, retracement looks healthy for bulls. The previous slow establishment of support levels means it has has trouble dropping too hard, I think it will hold in this range. Ichimoku cloud has only flipped bearish on 15min and we have broken the channel trend that I drew earlier.
GBYTE-BTC | Strong breakout of the rising wedge that I deemed to be bearish, looks like fundamentals may be trumping pure technical analysis or perhaps I misread this and it's actually a bull flag. It's smashing through a wall of previous support zones so I'm still skeptical of this bull run, despite a decent amount of volume. Please throw me some ideas in the comments section!
SC-BTC Bittrex | Sideways, waiting to see if this finished off the correctional C subwave of the current Grand Supercycle.
ZEC-BTC Bittrex | I didn't cover this one that well as the clock was ticking (Maybe I should roll this over to Youtube eh?) but Zcash still has rom for downside. While it has had a lot of bullishness recently, I only imagine that it will need to retrace and build a stronger base before pushing further to the upside sustainably. To me it looks tired and may even be forming a larger head and shoulders pattern. What do you guys think?
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This is for educational purposes only and is not financial advice.
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