The monthly and weekly close have come and gone without to much drama. BTC remains in a bullish pattern but may be running into a big decision. The wedge is tightening, RSI and OBV are right on support but weakening. The MACD has had a bearish cross and the histogram is negative, while the volume is also in decline, that is counteracted by the price action which...
IF ANYONE NEEDED REMINDED JUST HOW VOLATILE CRYPTO IS, THEN THEY WERE REMINDED TODAY, COMPLACENCY WAS PUNISHED AS LONGS GOT SLAUGHTERED IN BTC AND ALL THE ALTS IN PARTICULAR. LOWER TIME FRAMES ARE HORRIFIC BUT THE DAILY SHOWS THE STRENGTH OF INDICATORS, THE MIDDLE bb WAS HIT AND BOUNCED OF PERFECTLY AS WAS THE RSI TRENDLINE. ALL IS STILL OK, HIGHER LOWS ARE...
******EXTREMELY BULLISH ACTION IN BCH, CURRENTLY ENTERING A RANGE OF LOW LIQUIDITY THUS ALLOWING FOR EASIER PROGRESSION. OUTLOOK REMAINS BULLISH UNTIL NEXT FIB LEVEL IS HIT & WHILE BTC REMAINS DORMANT ********
The action today highlights why it is wise not to be to conservative in a uptrend, liquidation hunters caught many traders out with large bear wicks, we would expect another attempt very soon so be careful or if you are worried bank your profits now and re-enter on the next bull break. Current support is the .382 Fib and the last line of defence is the .618 & .65...
EOS is extremely bullish, given the nature in which it blew through the first heavy resistance area, back tested and then went on its merry way. Clearing $6 was a very tough task given the price action that existed in that region but fresh resistance now exists from the $7-$9 area. EOS now carries strong momentum and bullish sentiment is high among the Crypto...
Due to the lack of price action above the $453 area we could run very fast to a very conservative $510 price target. Currently hitting against the golden pocket a break above will be very bullish and the indicators have plenty of room to run. Stop lose moved to $400 to lock in gains , happy trading.
LITCOIN REALLY HAS BEEN THE LEADER ONCE AGAIN, IT HAS SUCH BULLISH MOMENTUM AND EXECUTED A PERFECT BREAK OF DOWNTREND (BLUE-LINE)THEN BACKTESTED BEFORE EXPLODING HIGHER ON GOOD VOLUME. THIS WAS A GREAT OPPORTUNITY TO ADD TO LONGS , $115 - $135 IS A AREA OF HEAVY RESISTANCE AND PRICE ACTION, WHICH WILL BE MORE DIFFICULT TO BREAK, $100 MAY BE A GOOD OPTION FOR...
We are bullish on the crypto market but XRP is becoming very frustrating, in the past week it has once again lost its mojo, having lagged they others for so long, it looks to be setting up bearishly once again. Several factors worry us(listed below) within the chart, in the next 24 hours hopefully it explodes higher but that would be contrarian to the technical....
DEPENDANT ON WHICH TIME FRAME YOU LIKE TO USE THE SIGNALS ARE QUITE DIFFERENT, FOR A TRUER PICTURE THE DAILY IS WHAT WE USE TO DETERMINE LARGER MOVES RATHER THAN SMALL PERCENTAGE MOVES. ETH IS CURRENTLY FORMING A BEAUTIFUL PENNANT WHICH SHOULD BREAK UP, BUT INDICATORS ARE GETTING WEAKER DUE TO THE LACK OF VOLUME. FOR ANY SERIOUS ASSAULT ON THE $280 RANGE btc MORE...
As the weekend approaches, volatility usually appears also with a push by the bulls or bears for dominance. The chart of EOS suggests that it wouldn't take much effort on the part of Bears to drive this down, the volume is very concerning which is on a steady decline. Unless BTC can bring a bit or sparkly back into the market a drop to $5.40 and the bottom channel...
Sideways action today once again but the bulls are defending any attempt to drive it lower, our perspective may be very bullish but it seems that we are within a bullish channel and forming a inverse H&S. If indeed we get a break up our bull case target is $9970. This is the world of crypto so we take nothing for granted.
The price action has been so weak in the last month it is difficult to be overly Bullish on Stellar. While BTC, ETH, LTC have all rallied XLM has lagged and is yet to set a higher high.
Pressure is building and we are of the opinion that LTC will break resistance very soon, volume is increasing and indicators are all positive. Get ready to PROFIT
It has been a very interesting 24 hours in Crypto as the ALT coins have finally found some interest. Having lagged behind BTC for the last week the larger ALTS have had considerable moves overnight. It is now a case of trying to break resistance for ETH at $190 to $196 short term. There is always the case this is a FOMO rally and on weak sentiment. Vital that if...
We think we have a little room to run to $6800 , RSI and MACD are not overstretched yet. There is considerable confluence at that point also, price hits mid line of Fork, hits October bull trap, as well as the perfect fib 3 extension. This confluence cant be ignored and provides a very and the EW count works out quite well.
BTC has really showed us who is the KING of CRYPTO this week. Clear divergences exist in particular Price trajectory, Positive V Negative. RSI rising V dropping, OBV rising v dropping. This cause's us concern in the fact that if BTC fails at resistance, they ALTS, which are already weak could have a drastic correction. Stay nimble as Friday approaches , which...
The entire Crypto market is running out of steam, BTC needs to find some great momentum for the alts to follow. ETH has tried to break the $180 level on multiple occasions without success, but don't rule out a break in the coming days as BTC tries to get past the $6000 barrier.
BULLISH OR BEARISH? WE CONTINUE TO BE BULLISH UNTIL WE GET A LOWER LOW. VOLUME CONTINUES TO BE POSITIVE AND THE RSI HAS RESET WITH PLENTY OF ROOM TO RUN TO THE UPSIDE.