ETHUSD update: Price action has been under performing the BTC market in terms of the recent bullish move. This market did not break its overall bearish trend line, and has formed a minor lower high at the 955 level. This means short term bearish momentum is in effect which decreases the likelihood of the 824 support holding. Lower highs often lead to lower lows....
Watching for a break either direction. Price does look to be getting ready to repeat its self though.. Will wait & see :D
BTCUSD update: 8427 resistance decisively broken, so where is the steep rally? A retest of supports is necessary to "prove" that the bears are no longer in control. At the moment, a shooting star candle formation is unfolding just after pushing the 8427 level that I have been writing about. And if this candle closes in this configuration, it is a bearish sign....
After a day of sideways movement yesterday, we have finally broke upward and reached the 160's again! We reached a high of 162.10 before pulling back. Litecoin short term is still bullish which is good. We will need to break about $145 to reverse this. I circled what I believe could be a good buy zone in case LTC does decide to turn around. We have support at...
Counter trendline breakout, plus bullish engulfing break of resistance. Good chance here to go long on the pullback before a continuation to the downtrend
Potential setup here, making lower low & lower highs.. Pull back to the 50% news after pound news yesterday, now watching for a break of the CTL for potential shorts. Price is back under weekly support keeping an eye on this
BTCUSD update: Bearish momentum may still be in play because of the slow 8427 breakout attempt. Watch for a bearish close or break of previous candle low for more clarity. This does not mean I am bearish, I am observing and interpreting price action as the market unfolds. Many inexperienced traders who read my reports often think my evaluation is also a...
Lower high completed, entered on the retest of broken support turned resistance. Now will look to set another entry on the break of support & retest
Well that little bull run on Saturday was a tease wasn't it... Back down we go though. Litecoin has been performing stronger than its main competitors which is a good sign, BTC is about to reach the 6000's and we are still doing relatively well in comparison with how LTC usually does when BTC falls. Our first test will be 120. This is the lowest it reached...
Hi Everyone, Actually, I have been saying BTC would fall since DEC 6TH 2017, just check my previous charts on BTC. Well, finally 10k support has just been broken, and price has lost MA 1000. Next stop should be 8700. It should struggle for a while until it goes for the final target: 6.999. About my Strategy: All the strategies that I tried learning around...
BTCUSD update: Price could not push through minor resistance of the 11871 to 12316 area and appears to be getting weaker once again following the establishment of yet another lower high. The price action is weak, BUT it must be considered in light of its location within the bigger picture. As long as it stays within this generally supportive area, minor pullbacks...
BTCUSD update: Lower high increases the possibility of the failed low attempt around the 9683 level. To break this bearish bias, price needs to push above the 12346 minor resistance zone. Even though a higher low formation has been established above the 9989 area, that does not guarantee we will get the new rally back to 15K or 16K. It increases the chances...
ETHUSD update: Lower high established at the 1160 level which is not far from the 1216 to 1304 resistance zone. This formation is appearing across the main coins and signals further short term weakness. This is the trading environment as I described weeks earlier. Vertical markets breed bad habits and now is when the bad habits become expensive. As I wrote in my...
There is now a possibility that price could now see some further retracing to the upside, as price has been in a strong downtrend now looking for some breathing room ..
I believe price finished making its retracement (Lower high) rejecting off daily resistance 1.25850 with a daily pin bar, now waiting for a break of the CTL for shorts down to previous support & a break of that will shoot price down to the next area of daily support (Lower low).
Looks like a potential double bottom off strong daily support, waiting for a daily closure for potential longs. I would now be buying the pullback (lower high) completion before a potential new low..
Price broke its higher time frame counter trendline & is coming back for a retest. Now looking to create a lower high before continuing its downtrend..
Price on a strong level of daily support / fibonacci support, may get a retest of broken consolidation or to the 38.2 fibonacci level before a lower low..