Bitcoin BINANCE:BTCUSDT looks like it may need a pullback. There's a bullish bat pattern that can be seen on the 15 min chart Beginning with the impulsive move that resulted in the 15min 200ma breakout around 8640 on Binance. We just produced a marginal higher high, and then a lower high on a breakdown of a consolidation pattern. The bat pattern would place...
COINBASE:LTCUSD Litecoin is developing a possible bullish bat harmonic pattern that can be seen on the hourly chart. Look for a reversal near the 88.6% Fib retracement from X-A. Target would be ~210 for a short-term move. If the higher low ~206.60 holds on the next pullback, watch for a VWAP re-claim (likely after more consolidation), and eventually a higher...
COINBASE:BTCUSD Bitcoin is setting up to do something exciting. We have a potential huge inverse head & shoulders developing on the daily chart, and now that we have overcome the large downtrend line, we should be watching for higher lows and higher highs as signs to accumulate coins. On the hourly chart, I see old resistance becoming new support around 10765,...
COINBASE:LTCUSD Litecion appears to be performing a complex pullback on the 15min chart. As long as it bounces off previously tested support (orange), it should continue higher, even though it fell through the less significant retracement point (red). This is a BTD opportunity if we don't get a 15min close significantly under 200.
COINBASE:BTCUSD is consistently finding buyers at higher volume in this price zone and could be working its way back up. Can't call it a true reversal yet, but the hourly chart offered a nice buy opportunity earlier today. If we can break the hourly 50ma, there's good reason to think another look higher is next.
COINBASE:BCHUSD Bitcoin cash is consolidating under the 4hr 100 ema (light blue) with a bullflag-like pattern and is preparing to breakout. Note previous support as well as the 200 ema will be likely resistance points. We should see if this setup runs within the next few hours, as price is at the apex of the flag/triangle.
COINBASE:ETHUSD Had a relatively healthy pullback on the weekly chart with a high-volume bounce off likely support. There's reason to believe the dump could be coming to end. Previous tests of the weekly 20 ema (green) that close above it have resulted in consolidation followed by a move higher. These tests have often been on high volume. Weekly Stochastics...
COINBASE:LTCUSD Litecoin is breaking out on the hourly timeframe while setting up for a massive daily breakout as well. If you didn't buy the double-bottom dips on either time frame, it's time to get in! Accumulate on any dips you can. The higher lows and stochastics on the daily show a massive move is possible. Next target is the hourly 200 SMA (circles). ...
XRPUSD / Ripple had a reasonable pullback and is signaling it is prepared to return to following the upward trend. A brief low-volume accumulation phase followed some battling between profit-takers and speculative bulls after a successful re-test of the $2.50 price point. We could see further consolidation with higher lows and lower highs for the next few days,...
COINBASE:BCHUSD Bitcoin Cash on coinbase saw a ridiculous 1st day of trading, followed by a rather massive bearish move on incredibly high volume. It performed a 50% retracement and continued lower, but has now bounced and challenged the 78.6% fib ~2677 on multiple occasions on high volume. Each one of these attempts resulted in a higher low. We are holding...
JNUG may be in a weekly downtrend, but there is a promising bullish buying opportunity today. We saw the daily 100 EMA act as resistance in October, but in late December,JNUG breached both the 50 EMA and the 100 EMA without a significant pullback. It printed a bearish tweezer top last week, leading to a failed re-test of the 100 EMA in after hours trading last...
TRXBTC got a little over-extended and needed this pullback. As long as today's daily candle is either a red doji with lower volume than yesterday or a green candle, expect that we return to the upward trend. There was a nice bounce off the 9 EMA and now we are battling for the 5 EMA on the daily chart. It may look ugly to breakout traders, but this is a...
ETHUSD set up for a couple really easy trades recently. Buying dips with EMA's has worked well in the past, why not keep doing it? Don't get complacent, though. Do at least some volume analysis to be sure you're not unnecessarily catching knives. Stochastics on a lower timeframe to confirm your entering at new support is also helpful. The more difficult...
XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as...
COINBASE:LTCUSD LTCUSD appears to be entering the final CD leg of a bullish Gartley pattern. Potential reversal zone shown in green rectangle between 1.414 fib extension of AB (38.21) and the 78.6 retracement of the impulse leg, XA (40.87). Fib arches suggest reversal signals should be seen by 8/23 in the reversal zone (green rectangle). Target is 53.07 at...