Considering that we are still in a bear market the trend is down until proven otherwise. This is the first thing to remember when examining the chart. Not very much volatility happening with BTC specifically, but it is nice to see alt runs each time BTC sits still for a minute. Green support lines are possible buys while the reds are resistance. To me it looks...
If we get pinched between this resistance line and the lower trend line that has acted as support for a bit long enough it will dump out of an ascending triangle. Fun to play alts right now and average into BTC on moves lower but we have to be careful playing this market right now. Close stops are getting wicked out on both sides. Sorry if the chart looks slightly...
BTCUSD needs to pick up some buy volume or certainly could be looking to pull back. It never really picked up much steam to follow ETH...yet at least. LTC not breaking out as it tends to initiate runs at times. This could be a continuation triangle for retrace downtrend, an ascending triangle, or still generally bounding around in the bull flag. Volume could be...
If the bottom is in that's great, but because it has not been fully confirmed yet and also based on the risk of a black swam event might as well be prepared ahead of time. Here are my buy areas if we experience any more downside. Although the $1800ish area is not highlighted in green I will keep an eye on that too.
This is just a beautiful chart. If you're not long from a earlier don't do it here. Wait until decent retrace or a confirmation breakthrough of this resistance that was established on the left side of the chart and confirmed recently. Nice bounce off of that 50 EMA in orange.
Looks like a potential for ETHUSD price rise continuation upon exiting the triangle with a cup and handle into the corner squeeze. Declining volume = another TA validation for this move. Looks to be inline with BTCUSD's possible inverse H&S + final C wave correction.