All time highs continue as the bulls are seeing healthy consolidation on the move, with little signs of weakness. Cautious as we approach $5,000, I would anticipate profit taking and a rejection on the first attempt. Trend line and consolidation supports to watch on the chart, also use volume for clues. Walking stop losses up to protect profits.
XRP has rejected the 61.8 fib and looks to continue to create a newer high
Does XMR (monero) got enough feul to stay in the channel?
LTC and BTC bulls trading off all time high runs. I traded LTC $63 to mid $66s and have flipped back into BTC and ETH this morning while LTC consolidates. This staggered run pattern between these 3 bulls is ideal for trading back and forming between them to catch bull momentum, and skip consolidation. Watching for a pattern to tighten up today and give a clear...
Bulls enjoying the BTC correlation of strength. In a tight pattern after very healthy consolidation over the last dozen hours. Support on the hourly established at $382 before this bull move started. Slow and steady without significant surges so far this morning. Currently in a BTC and ETH position.
Congrats bulls! Hourly Cup and Handle had the psychology of a rejection, normal healthy consolidation, before a breakout. Not seeing the big gains like we do for LTC all time highs, but the bulls will take slow and steady. $4700 psychological resistance, with a consolidation low of $4665 and the nearest support.
Bulls remain in full control as long as this pattern keeps up. Current support is $62 and the bulls are trying to confirm the bullish reversal hammer. Scouting the 15 min lower high pattern for a higher low, higher high and bullish signal for entry. Multiple daily inside bars to be watching for a break.
No red flags for bulls on consolidation at this point, still healthy after a very extended 4 hour chart, and RSI to go with it. This potential bearish pattern will see clear confirmation if we break $368 support. Multiple consolidations have bounced off this point, so bulls remain in control as long as it holds.
Healthy consolidation after the breakout yesterday. Recent breakouts have not been multi-day runaway events like we saw with LTC. Multiple tops has signaled consolidation at all time highs the last two times for BTC. Looking for a bullish reversal candle on the 4 hour to indicate a new higher low is likely established.
Oversold dump giving patient bulls an opportunity for an oversold bounce. 4 hourly oversold RSI combined with every smaller time frame, was a by opportunity with other clues like volume climaxes and hold of support. I personally would just be looking to capitalize on this profit in the short term for an quick flip and then step back and watch the likely...
The spotlight has gone to ETH overnight and potentially to BTC if we see an all time high test. The big 3 are taking turns running which makes it much more beneficial to be a trader and hop around the the name that is running. Looking for the hourly lower high pattern to break and for a bull MACD cross to follow through as a signal consolidation is done for now....
Nice bull break from a tight 4 hour pattern this morning. Watching for ETH profits overnight to move to BTC, which is what I personally did this morning, liking the Risk to Reward better on BTC than ETH in the $360s. If we cannot break $4400 this morning, all time high will become less likely. A break of $4350 will lose the higher low pattern on the hourly,...
Potential bull flag on the 4 hour chart with a bullish hammer being confirmed. Bulls need to break the hourly lower high to indicate we are heading back to recent resistance at the all time high. Looking for a 4 hour equilibrium pattern and a lower high compared to the all time high as we continue to consolidate today.
BCHUSD is close to a bear break if we lose $610. We continue to set lower highs, $711, $704 and pull back. At this point there is no bullish entry unless "bottom fishing" $610 support. With a bear break we will need to wait for a new support zone to be established. Daily chart has still not confirmed a bullish reversal candle since consolidation started.
Trade highlighted in the video: www.youtube.com Resistance from here is $4272, and not many levels before all time highs. The bulls are fairly extended on this 2 day bounce so cautious on any entries up here, just looking for short term gains. Bulls want to hold $4200 to keep the higher low pattern intact.
After 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look...