Well Korean volume has dried up so no excitement in the market even though Goldman Sachs has come out to say they are going to embrace bitcoin! Lots of positive news out there yet the market is kind of dried up and in consolidation phase! Hope no one bans ICOS again lol this will again cause a huge dip in this market! I am kind of bullish for the fork as people...
We're rapidly re-approaching the point from the end of the last bull run when you could just toss TA out the window. But for now, here's yet another Bear Div in the making. We're been overbought for a while so a correction should be in the cards but it's Bitcoin, so... who knows. - @BrightGoldCrab
Here's another look at those Adam & Eve fractals on $ETH. In addition to the 12HR candle patterns being nearly identical, the MA Exp Ribbon's (lots of EMA lines) behavior appears to be basically exactly the same too. We could be looking at a hard drive to 500 and beyond. – @BrightGoldCrab
Bitcoin is super bullish right now so this might not play out but it's relatively textbook looking. Will prices plummet? Tune in next time on #CrabCalls, the show that answers the question: can a crab trade? (instead of chowing down on sea animals that have already been dead for months or more.) - BrightGoldCrab
Not much to say here. Almost perfect head and shoulders on the 4HR candles over on GDAX. For what it's worth, Stoch RSI has also just topped out and begun reversal. Check your bullishness for at least another day.
Still looks like some weakness into the night. We are seeing bear flags on the hourly charts in ETH and LTC . Think we retest lows here and can get a good day trade out of this into the morning.
In order to keep the uptrend from this point in time we must not break the red line (1), it therefore must act as a new solid support. The uptrend that starts from 38$ looks very steep though. We might get a chance for a cheaper buy at around 45, before we continue. Nevertheless, now seems like a good window of opportunity to start buying in with some parts of your capital
- possible trend decision timeline ->MACD's look like they are at a critical point aswell, after they have been in a tight range for a long time -300$ has been a High with 2 big inverted hammers, signaling that the price was rejected quickly. -we have had a quick run up to 316 and after bulls got exhausted we immediately dropped to 300, signaling another...
Self-explanatory
Looks like the pair LTCUSD will touch $34 - previous resistance level or support level in the next 2-3 weeks. For double confirmation of this level, observe how far shadows from June 26-27 went down. If price passes Fibs 0.236 there is a high chance that pair will consolidate at $34.00-34.50 and form the bottom. Also include Gann Fan and you will have strong...
I do not believe ETHUSD ever left a long-term bull market, but experienced a large retracement within its macro bull trend. The last fews days became very interesting when watching the 1-Day Chart because we had been smoothly coasting in an ascending channel since the bull run initiated ~$6.00, but teetered close to dropping out as we testing the support...
...I think so. With ETHUSD getting rocked pretty hard yesterday with the GDAX Flash Crash, it would be safe to say some investors have pulled to the sidelines and are still licking their wounds. With that said, I could see ETHUSD retesting 350ish over the next or so and from their it gets dicey once again. This is why I'm currently looking at LTCUSD. Those...
Clouds seem to indicate a strong downtrend in motion. Thoughts?
CoinBase:ETHUSD charts are now forever messed up because of the CoinBase/GDAX feed and the ETH "liquidity" / processing delays of today, June 21, that led to this event. I wonder how many ETH panic sellers CoinBase/GDAX screwed-over as Bids dried up or were pulled, and who was the genius who left a Good-til-Cancel Limit Buy Order at US$13 on GDAX, for what...
I feel safe and bullish inside of this wedge. No idea/watching/waiting for what happens outside of it.
Spotted some (what I interpret as) bearish divergence, as well as bear flags passing through lower and lower support. Looks like it might ride through this channel to what I see as decent support near 1900. Will trade the spikes on the way down.