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Strong potential for continued bullish towards 4200
Currently looking to test the 6650 support before then.
Volume dropping off.. likely sideways with slight downtrend next 2.5 days.
Watching smaller time frames for sudden emergence of bullish motion upwards past 4000.
If alt market does very well expect BTC to reign it in.
BASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence.
Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery.
BTC Target 3650 within 14 days.
Fairly strong support backing up sideways action within 10% swing from current position.
Two set ups possible:
1) Volume pick up with large structure on the hourly indicating test of rejection soon leading to bounce for keeping the sideways alive.
2) dropping with candle thinning leaving high potential for leg down to yellow support line.
The time to make your bullish or bearish bet is now because the market will move pretty good in the next 12 hours.
Smaller time frame bullish continuation test undergoing currently.
Low volatility pattern with time cycles shows a 2% move is coming soon in top coins.
7 Minuet video going over BTC and ETH. General market synopsis over last 40 days with optimistic outlook for coming week.
Isn't exciting that we are nearing the end of 2018. What a year. Loved to see the strong and long bearish BTC appear showing just how much interest it has picked up since last year. Loved seeing all of the drama and excitement emerging, all of the pessimism and also the knowledge.
This BTC year is very important because it's the first big year with a huge data...
Seems pretty good to keep momentum alive... Expect consolidation around here to continue...
Waiting for sign of a correction to avoid getting hit while in the alts.
Alt market is looking good, lots of nice pumps of low volume coins indicative of individuals picking up sizable positions to dump later :)
We have reached a capitulation in the market at large.
November has been a bloody month. We saw this coming earlier as it was clear that the long term trend for BTC was money leaving the market which translates into weaker supports in price ranges that did not have strong supports (speculative prices around 6000). Well, most of those traders have cleared out....
3.5 min video going over XLM.
Has been in bullish mode for a few days.
Potential listing in coinbase.
Looking at a potential bullish breakout on the daily / monthly.
Watching closely for coupling to top coins.
Keep close watch on news concerning XLM.
For those of you who are not familiar with this recurring structure here is a quick breakdown of often how the alts are effected by BTC.
As of late the alts have been trying to decouple from BTC movements however the recent bullish injection that came from BCC over the last few days has had it's chance to permeate through the market.
It's a good opportunity to...
Looking at the 1 day candle here in BTC USDT on binance we are observing a potential large movement incoming.
Do you recall our prior discussion about the "types" of trading sentiment active during periods of time and how the whales often work on slower time intervals than the common traders? If not check out our brief discussion of the types.
Well, we are...
BCC and ETH have shown the first bullish signs in several weeks. BCC blowing out of its' bearish bottom region to search for the bulls.
Looking at the daily we see that BCC has really taken off. In the past, during the BTC correction from all time high, waves were often preceded by BCC pumps.
In turn another important...
After experiencing a good sell off over the last few days BTC is at the bottom region of it's low volatility channel attempting to rally and reclaim 6400.
With several indicators pointing towards an upward momentum coming to the table we are looking to break 6400 and hold above that before going sideways.
There is still...