Coindicator

Coindicator

After the week long sell-off we are due for a daily bounce sooner rather than later. This is a great set-up for a bounce play with a probability of continuation if the daily bounce follows through. Even if we do eventually end up going a bit lower for on the daily, the chance of a hourly bounce at current level is extremely favorable given that we just bounce...

Coindicator

No time for right up. Easy oversold bounce play. Good point of entry near channel support and 4hr RSI oversold.

Coindicator

Last week I had posted a LTCUSDT chart outling the massive cup and & handle pattern Litecoin was forming which has since broken bullish. While are are up $50 since, I think it still has quite some way to go. A reasonable mid-term target is $360 to test the previous all time highs. Litecoin thus far has been one of the few coins that have yet to broken it's...

Coindicator

Bitcoin is still currently trading in the ascending triangle as it has all week, inching its way up little by little. With that said, I am more bearish than yesterday with the break of 50k and a rejection of that level. That's a huge red flag. Furthermore alts bounces have been significantly weaker than BTC which was the opposite the prior week. Something has...

Coindicator

A little dump as expected yesterday followed by a very nice bounce in the last 12 hours. The bulls show that they are not down yet, which isn't too surprising as a lot of people were probably waiting on the sidelines to buy on a pullback. With that said, we aren't out of the oods yet and I'd even go as far to say that I am slightly favoring the bears at the...

Coindicator

Ethereum run has got parabolic on the weekly. RSI from the lows all the way to above 90 and over the last few weeks so have the micro alts, increasing hundreds of percentages. it almost feels like we are in the cusp of a revolution and that the world will be decentralized and blockchains will be everything tomorrow. Celebrities from Linsey Lohan, Snoop Dogg,...

Coindicator

Litecoin the laggard in the crypto run up is finally showing some strenght. The massive cup and handle formation on the weekly timeframe broke bullish smashing previous highs. One of the few top tier coins that has yet made ATH set in 2018. Is this finially Litecoin's time to shine? Hmmm

Coindicator

Congratulations to the bulls. What a spectacular run, you don't see a rally like this everyday with the daily RSI right over 90 and the weekly RSI over 91! With that said, the daily candle today will close at the highest level it's ever been and coupled with the parabolic ascending pattern, this is a classic blow off top reversal pattern. Not a good entry point...

Coindicator

Binance broke out recently of it's long-term channel recently and had a specular run. It's close the 200 Day Moving Average and over extended in the short-term. I'd short it here above 0.0018 for BTC with a target of 0.00165 to 0.0015. I think it could reasonably get there by the morning, but the longest I'd give it is 1-2 days. Like most of my trades, we take...

Coindicator

LTC/BTC is currently trading in a 4hr equilibrium channel. It's been ranged bound for the last 2 days and I am looking for the pattern to break within the next 2 days. Generally speaking an equilibrium pattern such as this is neutral to me but I believe there's a higher probability of a fakeout if it breaks down for the following reasons. (Hence I am going long...

Coindicator

I don't believe this is going to be a V shape recovery like we say in December of 2018. I will give it until the end of Friday. At most Monday before we break out of the rising wedge and sh*t hits the fan if not earlier. The 4hr is still on a very healthy uptrend, so this doesn't mean we can't go higher in the short term here. There is a lot of confluence in...

Coindicator

Litecoin has recently just broken through a huge long-term triangle pattern. In the shorter term, there's also a developing cup and handle formation setting up for a potentially bullish play both short-term and long-term frames. What makes me excited is that Litecoin has on a relative basis underperform Bitcoin for quite some time but that could soon change if...

Coindicator

Silver is at an imminent breakout zone years in the making. This likely might just be the trade of the year is not the last few years. The equilibrium is getting very tight with SLV making it's first weekly higher low since December 2017. Furthermore the macro fundamentals are very bullish for precious metals. The Feds also recently reverse course on rate...

Coindicator

I've followed this stock for a while now and have watched it move more or less in tan tum to the crypto market, however this correlation has since been broken as of mid April. It has fact traded downward to $2.07 CAD today meanwhile Bitcoin continues it's steady climb to over $9.7k, which represents nearly a 100% increase from mid-April. This is an very unusual...

Coindicator

Yesterday night I shared an trade idea saying Raiden Network Token is showing signs of accumulation and to watch for a breakout. Here's another alt coin that has a very similar pattern to keep your eye on. Large drop before consolidating within a clearly defined trading range over the last 6 months on increasing volume. Daily likely just set a higher low at...

Coindicator

RDN topped out at an impressive $9 before it's falling in an epic fashion to less than $0.30 since January 18th. However, it's seems to have found a temporary bottom and have been trading range bound between $0.19 - $0.45 over the last 6 months and has begun to make higher highs on the daily time frame on increasing volume. This is one of the clearest sign of...

Coindicator

Shorts are at 42,000 a record high meanwhile we are currently sitting right above the 200 Weekly MA. Sentiment is extremely low but we must keep in mind that we are long overdue for bounce and with this many short outstanding and strong support nearby; it makes for a good set-up for bulls. As of typing we are at $3500, the next rally could easily blow past...

Coindicator

Shorts are too comfortable. We are near the same Bitcoin Long/Short Ratio back in April in which we saw Bitcoin go from $6,500 to $11,600 after the epic short squeeze. Yesterday night might have looked like as just a weak bounce but the interesting part was that shorts increased by roughly 2.5, when we dropped from $6,200 to $5,900 and since the unimpressive...