ETH had another leg down and flush to hourly RSI at 20 which LTC and BTC did not correlate with. We have the "securities" info today and no one really knows when, or if there is even a decision that will be handed down. This uncertainty will certainly impact the short term volatility. Solid bounce from the recent lows and we will need an hourly higher low and...
LTC continues to set hourly lower highs and lower lows as we approach oversold conditions. The daily chart is still likely to easily form a higher low, and see a bounce attempt back towards the recent highs, which I feel will fail and set a lower high. Watching for the potential of 1 more leg down on BTC which would drop LTC into the upper $150s. Keep an eye...
BTC has certainly entered consolidation mode with a loss of hourly higher lows, then a loss of 4 hour higher lows, and now the bulls try and maintain a higher low on the daily chart. The current bounce attempt looks like a bear flag and will be confirmed if we drop to a lower low. Hourly RSI will be right at oversold levels and 4 hour RSI will be approaching low...
After bulls led BTC breaking the daily lower highs yesterday, they stalled out and were unable to keep the advantage. We have not broken the top of the daily bull move yet, which ETH broke 10% ago and BTC broke last night. I personally have not looked back at LTC after my initial trade, and will continue to stick with lead bull ETH for that reason. The moves in...
ETH bulls continue to stair step higher just riding the higher lows on the hourly for days. Using this trend as your guide and moving up stop losses would still have a bull in this profitable trade. This kind of move looks like it will be a climax that indicates the top. A big bull volume move that has us thinking "who is still buying up here" before a complete...
BTC had a very quick pullback on high bear volume dropping a few hundred $$ which was a sign the high of the day was likely in. Fortunately for bulls it has been healthy consolidation since then as we watch the tightening hourly range. Bulls will be looking for continuation towards $10k today but if we lose the hourly higher lows highlighted we will look for 4...
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The correlation to BTC remains strong so we must always be watching, but there is potential that like ETH, LTC will break the daily lower high before BTC does. If this occurs we will look for LTC to play catchup from being the laggard for so long recently. IWe are watching a potential head and shoulders on the hourly for both BTC and LTC and if they confirm we...
Congrats bulls! As we have seen for a week it was more likely ETH would break first, highlighted in the videos, due to the proximity to resistance and favorable correlation to BTC. Bulls are holding up very well but we have to be aware that if BTC is going to form a daily lower high and pull back from here, we will see ETH consolidate as well, just to a lesser...
BITTREX:DNTBTC
BITTREX:ARDRBTC
VEN (aka VET) bull flag off the run up. Expecting another leg up
This looks like an interesting moment to buy Litecoin ! I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ),...
LTS daily formed a higher low yesterday to continue tightening the ranges. We are looking for a lower high likely to be set today. No trade zone until we see a break of this range as the volume and trading opportunity is limited here. Keeping an eye out for LTC to break the correlation where it continues as the weakest of the Big 3. Until we see a clear break...
ETH closing in on key resistance, much more bullish in the BTC correlation than any other major names. We will likely break first on ETH, and this can be a signal, but we must ensure confirmation with a BTC bull break not long after. ETH currently the best setup for the bulls which will have me looking this way on the daily EQ break. Potential to form a lower...
Higher low formed yesterday as anticipated, now we have low volume tightening range. Looking for a lower high potentially today to stay within the pattern. I personally have a no trade zone now on this pattern until we get a clear break. Bear break and the weekly lower high will very likely be set. Bull break and we will look to the recent high in the $9,700s...