I must admit I am very surprised and pleased as a bull to see BTC holding up so well. This is establishing sideways consolidation and support, rather than giving back the move the bulls just worked so hard for. Last night was the 2nd time we have seen 15 min RSI get oversold and indicate an entry point. $9,000 still remains a clear psychological resistance, and...
Update from yesterday, the retracement has begun which again is healthy after such a great run. Stoch is starting to trend down here though the hourly is showing a reversal so we can see some small time bounces here. I believe we could see support at the 20 period moving average near 8696 area. Volume is declining too so that is a good sign we will get support...
Staying true to the last week+ of correlations, LTC is the weakest of the BIG 3. ETH is the strongest with continuation to higher highs, BTC has a double top, and LTC has a clear lower high. This has been the pattern for a long time, and while laggard plays are certainly a strategy, I find that these crypto correlations benefit those who just play the strongest...
While BTC rejected at a double top this morning at the high of the bounce, ETH has already given a clear higher high. This is a consistent pattern the last week where a little BTC strength is seen more magnified in ETH, and BTC weakness is seen less. The 4 hour higher low as been intact for a very long time at this point so losing it will be notable. Risk to...
BTC is currently in a tightening pattern on the 4 hour chart after a rejection from the top of the bounce this morning. We are now looking for a higher low to remain in this current 4 hour range, with a break likely coming later this evening. I am still all cash and in no rush to enter a position. The dump this morning for $200 very quickly is a reminder the risk...
With the rise of Bitcoin, it seems to still be slowing down but slowly. Volume is on the decline, Stoch shows its oversold but the trend is still pretty strong. We are pulling away from the upper bollinger band and there is some smaller consolidation on the smaller time frames. This is healthy though since we have been on such a good run. I think we will see...
LTC, who has been the laggard of the big 3 most of this move, has now led the pullback as well. This is the most significant dump and spike in bear volume of the BIG 3, and certainly has put the top in for today. Even if BTC and ETH were to break the hourly equilibrium potential setups bullish (which I do not expect), LTC would still not head to higher highs...
ETH who has been a lead bull on this move is finally showing some consolidation after losing the hourly higher low pattern. I am now anticipating an hourly lower high to be set, and a tightening equilibrium to form. The break of the hourly equilibrium will indicate a test of the recent high, or continued consolidation. The daily chart will be looking to form a...
BTC is now consolidating after a big bull break with a touch of FOMO thrown in. The current daily candlestick is a bearish reversal spinning top, but with a long way to go that can change before close. I am anticipating an hourly lower high to be set in the $8,800 range and an hourly equilibrium to form the rest of the day. The break of this equilibrium will...
Etherum has risen from the dead but it appears a retracement is about to occur. Heikin Ashi candles are starting to diminish and volume is starting to slow. Stoch is oversold and the K & D lines are about to cross. Good news is we are above the 50 period and the 200 period moving averages which is a good sign for longer term grown. The two averages have almost...
I have not posted in a awhile as I have been playing around with new trading ideas and testing them out before I share my thoughts. I saw some traders online using the Heikin-Ashi candle setup and it intrigued me. The candles are basically averages of the open/close/high/low's of the previous candles. The benefit of using this candle setup is to better identify...
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), Bunny Token and looking for others every day! Bunny Token...
FeatherCoin targets: 0,25/0,31/0,38/0,50 I expect LONG! BUY! When sentiment on crypto market is good and prices rise, all these targets will be reached. When price breaks 0,50 we probably go wild! 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...
Laggard this morning with BTC and ETH both seeing continuation and LTC slowing down right at resistance. There is a lack of resistance on the daily at this level, and the bulls are making their way to the middle of the weekly equilibrium range. Loss of 4 hour higher lows will indicate daily consolidation is coming. Personally I have not traded LTC in a while,...
Bulls continuing to benefit from the positive correlation to BTC, and running after having the head start. 4 hour RSI levels are getting very high and every new leg up we see, the risk to reward of an entry favors the bulls less and less. I personally would only be making quick flips on any entries at these levels. We will be looking for healthy daily...
It ended up being a laggard, but BTC following ETH and LTC to daily higher highs and continuation. Little resistance through the upper $8,000s aside from psychological levels. Weekly equilibrium continues to play out as the bulls try to reach $9k to hit the middle of the tightening range. Currently started scaling out of my position $8,500+ but keeping 60% to...
Already seeing continuation on the daily, playing catch up to ETH in terms of who is strongest on this move. Very clear 4 hour higher lows remain intact, and currently forming a bull flag on the 4 hour. Bulls in complete control as long as the 4 hour higher lows remain. Lack of resistance in the $140s and low $150s as far as previous price action goes. Looking...
ETH Key resistance test resulted in a double top, but neither BTC nor LTC are at their bull move highs. Currently seeing healthy consolidation which is the potential handle forming. If BTC bulls make a break over $8,300 look for ETH to see continuation into the $550s. 4 hour higher lows remain in control as the bulls have had control for a couple weeks at this...