Litecoin looking good against Bitcoin here, breakout of the downtrend line & retesting right now on the 1HR.
Litecoin looks to be tightening up & i've entered a trade at $103 on the test of the ascending support trend line, a lot depends on how Bitcoin plays out so a stop below the recent low of $100.49 is essential. LTC/BTC pairing looks to have tested support so as long as BTC/USD holds up Litecoin should perform well moving into the next few days. Targeting the recent...
Bought a bag of Litecoin on this pennant breakout and retest, aiming for +50% profit with a target of $138/145 initially on the higher timeframes.
$ETH is forming an ascending triangle on the 1H timeframe, succession of higher lows and repeated tests of the resistance around $602. If resistance breaks we'll be looking back up at the high of $635.70, stop losses in place beneath the ascending trendline incase of a breakdown.
Bitcoin approaching a decision point within the next few hours, holding the trendline well both with price & RSI. If this breaks out to the upside there will need to be convincing volume behind the move or we can expect a fakeout and dump considering the price being at ATH & the expectation for a strong impulsive move breaking resistance, if there's a break to the...
Ethereum is looking extremely strong in comparison to Bitcoin, its broken out of an ascending triangle pattern & there's no real resistance until the 0.032500 area. Currently long on ETH from the upper $490 region & if this can work its way up towards resistance, ETH has a real chance of testing $620, the recent high.
$ETH building a pennant, already in a position from the $494-498 region however will add more at the test of the support around $504-505, expecting a breakout to the upside as long as Bitcoin plays ball. Targeting the $580 region which will now be resistance. ETH has tested the $489 S/R flip from back on the 01st September perfectly & we've seen a good reaction...
Entered a Bitcoin Short, breaking down on the 4hr RSI and price is right at resistance & broken the trend line, stop loss above resistance.
Out of the $BTC short for small profit and flipped long, RSI is breaking out on the 15min timeframe & price is gearing up to follow.
Entered a $BTC swing short here, aiming for $17,465 for the area of new support & will flip long.
$TRX Rolled some EOS profits into TRX here, same setup & expecting an impulsive move up to the 2 resistance levels shown on the chart.
$COMP looks like it's going to breakout of this ascending triangle, measured target for the breakout is $161-163.
$YFI looks ready to head higher, bullish pennant with a breakout and retest on the 4HR RSI, price should follow. Measured target of $37,000 which is smack bang in the middle of high time resistance
$ETH lost momentum & broke down from the rising wedge as shown on the chart, my ETH plan is shown with the green arrows & I fully expect to test the $800 region sooner rather than later, will be watching for RSI bullish divergences on 1HR/4H timeframes to re-enter ETH.
$DOT Another project i'm currently in, only an 8% move up to resistance & if price breaks through, anticipating a big move.
$EOS This looks like a good entry with the ascending support line approaching as long as Bitcoin doesn't fall off a cliff, looking initially for a 25% move to the upside.
There's a lot of hype around the $EASY project at the moment, only tradable on Binance currently via the ETH pairing, if we see a BTC/USDT pairing added on Binance this will inevitably trigger a surge in buying. They have planned announcements over the course of the coming weeks & with a small marketcap it won't take much volume to elevate the price higher....