After the big bull day, we have not see any sign of convincing bulls since.
We have consolidated for 5 days now and the attempt yesterday to bounce off EMA daily support was crushed back down.
This is not a convincing bull move unless we see another leg up over $3,711, which will need to happen by this weekend.
If it does not, we will continue to set lower...
Sideways trading over the weekend with a few squeezes, claiming false breakouts but with higher lows and lower highs we are witnessing the forming of a breakout triangle
This will break out this week starting 8th October
BUT which way????
going back to this chart and looking at repeating patterns:...
Fundementals about why I enter this trade for long term
Raised a total of $30.5MM across private sale, public pre-sale, and public sales which began in Oct 2017 and were finalized in Jan 2018, selling 20% of the total token supply
Shipped first 5,000+ XPOS units globally in Sep 2018
Provided PoS systems in Sep 2018 to support ULTRA Taiwan as the first major...
If we use a logarithmic chart to examine the evolution of Bitcoin in time, we can see that what happened on December 2017 (All Time High) happened before, on December 2013.
What is happening now (depression) happened before, between December 2013 and January 2015.
Actually, cryptos are evolving every day, and by using the word “evolving”, I do not refer to...
The pair has reached a very important KEY AREA on the daily chart, but the main trend remains still bearish, we have already said that our TARGET for 2019 is around 540$ (see chart below), but now we try to understand how the trend could become bullish in the short term. Our strategy is very simple here, we expect a first rally above 192, and if we are lucky to...
Bulls have established a higher low, and are trying to change the 4 hour and daily trends for the bulls.
Keep daily EMA resistance in mind as well, which is sitting just above price level resistance, and slightly dropping daily.
Nice defense by the bulls, the question is can they go on offense and get over daily EMA resistances.
A weekly higher low will be set...
BTC rejecting from downtrend resistance in the falling wedge, as well as daily EMA resistance.
We are now back to testing the low of the dump, which lines up with the down trending support of this pattern.
The bears still have complete control. In the video yesterday I highlighted some decent bull volume the last couple days that had caught my attention, and...
BTC is tight with a couple daily inside bars in a row.
It is a bit of a choppy picture over the last week, on this weak bounce attempt.
Currently watching a potential descending wedge on the daily, that would have to see a high volume daily candle for a bull break.
We would have to see the most significant bull day in weeks if we were to see it follow through...
BTC is still in a weak bounce pattern, with daily EMA resistance.
We have tests of our limited support incoming, as the bears continue to keep full control as long as daily EMA levels are resistance.
We had a bull break on the 4 hour chart 2 days ago that had 0 follow through, and ended up breaking 4H supports.
Names like LTC, TRX, BNB are trading in a more...
The 4 hour trend has changed with a higher low and higher high, but it was right into EMA resistance.
The last 2 candles are currently not getting much follow through for bulls as we reject from EMA 12.
If we are unable to turn it into support, we will have a daily inside bar to watch tomorrow.
If the bulls are able to get over resistance, we zoom out to the...
The "zoom out" game serves well again, as the hourly bounce got some follow through we zoom out to the 4 hour and realize just a lower high was likely.
After setting the lower high we faded back and got the new low on this consolidation.
We remain in an area with a lack of support, just the lowest price we have seen $3,129.
Bears continue to have full control...
Loss of supports after multiple daily rejections from EMA resistance.
We are following through with the bear breaks from a couple weeks ago, after lots of sideways trading.
There is a lack of support in this range for most names, as we look down to the lows.
Names like ETH are getting hit much harder than BTC the last 12+ hours.
short term oversold bounces look...
Ethereum Is being rejected by important resistance levels!! Significant drop to come!!
BITFINEX:ETHUSD is down by more than 91% over the past 12 months!!. ETHUSD has been rejected by the 121 level and If it drops below 116.50, we are looking for another significant drop to the 83 level, thats another 28% wow!
The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important.
The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.
Bear break of the 4 hour higher low, but bulls attempting to buy the dip.
We are remaining in a fairly tight range for the last 2 weeks, but bears keep the upper hand.
Some names like LTC are holding up better than BTC, but without favorable correlation we dont expect them to get very far for the bulls.
Bulls will have to break the 4 hour lower highs on BTC in...
as shown in the chart, after the topping early this month, Ltc has steadily recovered its loss, with a clear horizontal support around 29. In contrast, other popular cyrptos, like ETH, BTC , were severely battered by bears. Trading volume of LTC appeared active, which is good sign in this bear market.
Should cyrptos rebound in February , It's very possible that...
BTC bulls holding strong after buying the bear break yesterday.
Healthy 4 hourly consolidation, but the bulls now must see continuation today.
If we break the high of the bull move up to this point, we will be back at daily EMA resistance.
My personal criteria remains that the bulls must break the daily lower highs by breaking $3,766.
A red flag for bulls...