Without large volume this bearish scenario is more likely for a complete capitulation wick. Watching closely current Order Block.
$BTC entered a bull channel with sets of LH's and HH's. No confluences, just watching. Price action is begging to stay out of all trades until things cleared.
Reasoning behind BTC longs: -Bitfinex shorts are at A T H -Current resistance/supply being hit many times and getting thin -Bitmex funding fee's are negative, too many shorts issued -CNBC is shilling BTC drop to $5900 -100 Mil USDT printed (short squeeze coming?) -ALT's capitulation in progress
Pretty simple bullish divergence on 1H. Most likely BTC will move up pennant resistance zone.
$ETC looking really good now right before $CLO airdrop. Bullish pennant, good looking "W", Heikin Ashi confirmations. Get your moonsuites ready:))
Well, Lumen has many positive bullish signs, but the strongest sign to go long is a major BULLISH HIDDEN DIVERGENCE on RSI's daily chart. While price was gaining bullish momentum, RSI created more LL's for a whole month. As of now we see our first HH and HL to confirm trend reversal in oscillator. Bullish wedge will pop very soon. See ya at the moon.
Zcash is in perfect uptrend channel with many bullish signs, but it may experience bit of overheat via regular bearish divergence on 6H RSI chart. RSI is overbought, making lowest high under 70, where the price is trending up. In trading book it may signal for the short. Long term ZEC is super bullish. In near future it may have a bit of decline to existing support.
After overnight run there is a bearish divergency on 2H chart. RSI oversold. We may go down to retest support. We are still in uptrend. Ichimoku cloud act as strong support as well.
Digibyte is changing direction of the trend. Bounced off of FIB 0.618 support pretty well. Major downtrend line has been violated and will be confirmed with next daily candle.
If ARK holds its current new support/past resistance 57731 with some more volume its can achieve quite a run up.
Ripple has to decide what to do next. Even though I'm very bearish on this chart, we have to wait and see next couple days. My position is neutral.
Simple TA, no indicators. Even though Litecoin seems to be ranging via flat channel, there is a pattern that looks like bear channel applicable. If LTC breaks out of this bear channel, then it will continue consolidation or go higher to current resistance.
Etherium is at the brink of a decision point. If we can break thru 0.99 level, then it will absolutely moon and possibly flip BTC one day soon. But something tell me we may experience a small correction. Let's see how it will develop within next few days. I'm neutral again.
Zcash has been in long decline and consolidation, and right now is in confirmed bull channel. Very slow moving heavyweight, ZEC has no other way to go than MOON.
MUE is at final stage of consolidation and its due for a move soon. Need few confirmations before going long!
Lumen seemed to be exhausted and possibly looking for a correction. Small or big will be determined in the future. I'm still pretty bullish on this coin, unless proven otherwise via confirmations from other indicators and oscillators.
Looks like Zcash hidden divergency will be formed today once we have 1D closing candle on higher low. Many respected people talking about shorting ZEC to 032 price level. I personally don't see that coming. Divergencies are very strong indicators. Specifically on dailies. Let's see if we can hold super strong .618 FIB level as support.
Well, Bitcoin is in pretty healthy correction, but we are near very dangerous zone. Never underestimate the power of Fibonacci. Waiting for bottom.