So that you don't sweat every little up and down move, keep an eye on the bigger picture, it helps you look at crypto in a less stressful way. The above is the 1-week chart, it helps you see where BTC has been for the last few years and more or less see where it wants to go in the future. My goal is to jump in once we hit that green X at the end of the yellow line...
Trading at a longterm bottom. If we are able to get a strong push, this project could fly. The zone looks more like a consolidation zone than a bear flag zone. Moreover it could form an inverse H&S with a weak Ichimoku Cloud ahead.
Fundamentally a strong project with great source code and github. From a marketing perspective it misses some peaces IMO....
Might retest 100 resistance line if bounces off 78.6 retracement. If it breaks thru 78.6 then might be pushing passed 61.8 retracements. Please let me know if you think otherwise, always open to new ideas.
My quick top down analysis on LTC for the day and what i'm looking at in the chart. While we've had a nice sell off so far today, i'm looking for a little more downside. I think we are sitting just above a nice area of demand on the 4HR and will be looking to add long deeper in this zone.
BTW... we did test and break $150, as i expected from my last video!!...
So here is my daily update on LTC with my top down analysis on what I think it happening. I've identified two zones that I'm going to be watching for price action to move to, so that i may move forward when my plans for entering the market again (well add to my holdings).
I hope you enjoyed the video, give a like and leave a comment with your thoughts.
Quick video at the request of one of my followers. I hope you and everyone else finds this video helpful.
Overall as with all cryptos at the moment, i continue to see bearish indication across all coins and that's the same here. I think we are approaching a level of resistance that will be tested and aligns with previous price action structure.
A break and...
I like ADA and I like it as a long term hold in regards to where they want to take ADA. I'm currently in at $.39 and looking to pick up a little more.
I quick work up of the chart has me believing we will see a little more downside and a possible move down to all time lows on ADA. Not sure we will get there as it appears we are on signficate support based on...
The trend is your friend. Conservative (blue) trend projects upwards by mid month after correction hits support band.
Generous (other blue) trend projects upwards very soon. Very soon to moon.
If price slips into red flag area, abandon ship!
XRP is a long-term bet. The bulls are circling.