BTC/USD Bitcoin is quite looking a bit exhausted on its uptrend and currently painting a bearish ascending channel. If BTC fails to hold 8600 regions, I'm eyeing the next support at 8400-8300 but this area of support is not good enough in case of a major drop. The next Key support is between 8200 - 8000 levels which have higher chances of a bounce from this...
XRP/USD XRP broke bullish of this inverse H&S pattern confirming after the price closes above 2262. Currently, XRP is testing the downward slop trend-line which is acting as immediate resistance as we speak. If EXP fails to get above this line, there is a chance of pullback at the previous resistance area to turn into new support. Levels to be watching for a...
TRX/BTC TRX finally broke bullish of this descending channel and manages to get above the 50D MA. Our immediate support area is between 192 - 186 sats or the 0.5 Fib. We can see two bullish green volume below indicates this uptrend has genuine bullish momentum.
BTS/BTC BTS is starting to show some sign of potential bottoming as the volume is increasing, the price is testing the 50D MA as well. If BTS fails to break 50MA, I'm eyeing for a pullback at the key support area. This key area must hold and consolidate for at least 1-2 weeks to provide a decent amount of trading activity to keep the price within the range for...
HC/BTC HC is starting an attempt to break the downward trend-line resistance but immediately after getting rejected. The hopes for the bulls haven't given up yet as long as HC can hold these key levels 1700 - 1500 sats and maintaining above 50D MA. There will always be a chance to turn the tide against the bears. HC needs to consolidate for a couple of days to...
BCD/BTC BCD is somewhat acting the same with BTG, both coins pump so hard sending the RSI to hit the overbought conditions on a single candlestick. BCD also manages to break 200D MA key resistance which indicates strong buying pressure. But let's not forget that during its strong uptrend, no significant support is built in between. Don't be surprised the price...
BTG/BTC BTG has skyrocketed to the moon with over 300% pump on a single candle. It pierced through 200D MA like it was nothing there but found its major resistance area from Jan - July 2019 trading activity. We know when an asset pumps hard it will dump hard too, so be very careful and not to FOMO right now. I have highlighted below two key areas where BTG could...
BTC/USD Bitcoin closes above trend-line resistance and almost touches the 200D MA or the key resistance area. Bitcoin is quite looking bullish after this breakout, the RSI is touching the overbought conditions but has more room to the upside. If Bitcoin fails to hold 8600 regions, there is a high chance of a pullback at 8400 - 8200 levels before it continues...
BCH/USD BCH went straight up over 37% within a day and passed thru 200D MA too. We know the history of BCH, it loves to pump hard and dump hard after but this one is a bit different. BCH breaks key resistance areas and trading above $300. I'm not buying this coin yet, I'll wait for the price to pullback at key support areas where the 200MA coincides.
XZC/BTC XZC broke bullish of this descending channel and made a Higher High at 5600 sats area. This move up is a bit extended causing the RSI to hit overbought conditions immediately. I'm expecting the price to pullback at the key support area to continue its uptrend for another potential leg up 5000 - 4700 regions.
BTC Dominance Bitcoin Dominance dropped like there was no support around 69-68 levels. BTC Dominance is now at 67 levels giving Alts/USD pairs a minor pump or relief rallies. If BTC Dominance closes the candle below 200MA, I am looking for this potential bearish triangle pattern which will lead the price much lower in the coming months. Things are really getting...
RVN/BTC RVN broke a key support area at 292 sats which invalidated the current market structure. By breaking key support levels especially if the area of confluence that acted as strong support for many months. This signal a strong bearish momentum resulting in another market structure to be developed again for the next 1-2 months. The RSI hasn't reached...
BTC/USD Bitcoin on a shorter time-frame analysis, it is technically bullish as the price manages to break previous High at 8470 and that candle closes with an engulfing bullish momentum to the upside. A new Higher Low is also set at 8000 regions, that will be our key areas for upward continuation. Take note also the upward trend-line of support which has...
DASH/BTC DASH went straight up 80% from Swing Low to the current price. Be cautious opening Long positions as the RSI hits overbought extreme conditions and no strong support built around 8000 - 9500 sats area. The only immediate area of confluence I can see is 8000 - 7300 could act as relief bounce or potential build a new area of support as the EMAs and...
BTC/USD Bitcoin is slow trading outside this trend-line resistance as we speak. We know when a key trend-line is broken, a new market structure is likely to form. Bitcoin breaks previous High at 8483 and has now established a new key support area around 8172 - 7800 levels. The 50MA and 100MA are also catching up, this will help Bitcoin gain extra boost for its...
ETC/BTC ETC is battling key resistance area or the previous Swing High at 7000 sats levels. We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact. EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up. Key areas must hold is 6300...
XRP/BTC XRP got rejected badly by the 50MA and descending trend-line resistance. I don't think this current support area will hold as the strong bearish momentum puts the price down hard. I'm looking at the next support area where I can place bids for Long entry provided there is confirmation of reversal bounce.
NPXS/USDT NPXS might be ready to attempt a breakout within a week as the price reaches the trend-line resistance without falling below the key support area. We can also see the RSI is painting a bullish sign with respect to price action. I'm currently favoring the bullish side as long as NPXS can hold this current support levels and not break below 1200 lows.