BTC saw a bull break yesterday but the consolidation was more significant than bulls would like to see.
Because the pullback was significant, the most likely scenario is a bounce and lower high set on the 4 hour.
There is also no bull volume whatsoever behind the 4 hour bounce.
We will watch for this 4 hour equilibrium to give us direction today, and bears are ...
Hi Dears,
The BNB is a head and shoulder pattern.
But there's also a invert hammer candlesticks.
Now if the yellow circle is supported, the price may be kept.
Otherwise, Likely to bear market.
You have to wait until the definitive result in the circle is specified.
Remember that nothing in this world is 100%
Good Luck
Healthy low volume consolidation as the bulls look to form a 4 hour higher low.
From there bulls will need confirmation of the trend change with a higher high.
BTC is potentially facing a short squeeze which would be a big boost to ETH daily oversold bounce.
I exited my position from 2 days ago in the $280s and will consider some bids to reload on this ...
ETH last night was at some of the most extreme oversold conditions we have seen in 14+ months.
Hourly RSI single digits, 4 hour RSI 12, Daily RSI 17.
We clearly have an influx of supply as ICO projects are dumping and adding to the panic.
The bears have complete control but I personally would not dare enter a short down at these levels.
There will be a sweet ...
BTC broke the $6k mark for lower lows and is in the range of our lowest price since all time highs in the $5,700s.
We currently have a bounce that looks like a 4 hour bear flag, cooling off short term RSI levels.
The hourly EMA 12 resistance is rejecting the price, keeping the bears in control.
Shorts continue to climb anticipating a break of $5,900 today to ...
BTC bulls broke resistance and confirmed the 4 hour inverse head and shoulders pattern we have been watching for the last couple days.
We did not get a ton of follow through but the 15 min RSI was very overbought and the hourly RSI broke 70 on the initial bull reaction.
We will now need to keep 4 hour higher lows and higher highs and 4 hour EMA supports for the ...
Bulls crushed after a clear bear entry on the break of the 4 hour equilibrium yesterday.
Huge fast profit for bears on that dump and ETH is now looking down at the $360 low which is an important support.
The weekly bear flags with follow through were the initial red flags for the bulls and the bear break of the daily equilibrium started the waterfall drop.
We ...
Coinbase went down last night for BTC trading and has still not opened up again, which is going to frustrate lots of bulls who have watched the price drop $300 from the top of the bull move.
I was a bit fortunate and exited half of my position when the first 15 min higher low was lost, and the 2nd half is waiting for the daily inside bars to play out.
The daily ...
WAXBTC on Bittrex on Daily just hit a double bottom , also a hammer on support line with big bullish engulfing
All set for some decent 10-30% from current location
Volume spike this morning as bulls went for a V-shaped recovery from 15 min oversold bounce to higher highs.
We were looking at $7,777 resistance on the daily as the next level so technically we have a double top with this resistance.
This now allows bulls to move my stop levels up to under $7,200 daily higher low.
Notice the shift in sentiment, we used to see ...
ETH has more cushion because the last bounce was more significant.
This means while BTC is dropping to lower lows, ETH has yet to break the bottom of this dump yet.
Momentum still favors the odds to break this level until we see BTC make some kind of move that shows bulls buying the dip.
ETH Bulls need to be cautious as we are much close to the must hold daily ...
ETH has been forming a tightening pattern on the 4 hour for 2 days now, much long than BTC.
Recognizing this pattern forming and knowing a higher low would be needed was a partial clue for yesterday that BTC was not going to see much follow through to lower lows.
Now the entire sector is getting tight and we can look for potential clue if we see ETH break first, ...
ZRX has been on a nice run the last four days recovering its heavy loss five days ago. RSI is about to pass over the 50 mark which is a bullish sign and were breaking past the 10 day moving average. I am going to gamble a small purchase here as the only concern i have is that volume has been on a decline the last three days, but on Bittrex the order book is ...
Fibs trace is made
Now it is above 78.6%,
I have set alert for 78.6 & 61.8 if it touches 61.8 trend line then , next target will be 50% at 27436 sats , which 5.+ % profit minimum
if it retouches to 78.6 , then we have to watch it again
Groestle coin has had a great run for the long term. Higher highs and lower lows shows strength for the long term and that is what i try to look for in my investments. We are seeing some support off the 50 week moving average right now and appears to be in a possible falling wedge at this point. We can only hope we see continued support above 6850 SATS by the ...
We have been trading in this daily channel for a month, and if you apply it on the weekly chart it is a potential bear flag.
Lose the daily higher low pattern and the odds of a weekly bear flag will increase significantly.
Still weak and correlated to BTC, having already dropped to an hourly lower low on this bounce attempt while BTC has yet to do so.
5 tops in ...
BTC has absolutely no volume on this bounce attempt even with a 4 hour inside bull break.
The 4 hour chart is a potential bear flag and if we lose hourly higher lows we will likely confirm it.
Bears are comfortable in the short term with the top of the bounce as a tight stop level.
Still healthy consolidation on the daily and likely to see another declining ...
ETH is testing 4 hour resistance highlighted in the video yesterday.
ETHBTC has bounce overnight a bit as the consolidation was not as significant as BTC and the bounce has a higher % gain.
There will be short term opportunities to capitalize on the ETHBTC oversold bounces but if you are swing trading continue to watch the daily chart of ETHBTC to look for the ...
