BTC dumped right after uploading my last video, and lost the daily uptrend.
We have been grinding hourly EMA 12 resistance on this bounce attempt and if it breaks bull we will zoom out to the 4 hour chart.
Currently a daily inside bar forming reflecting the tightening range.
The weekly chart is now in consolidation mode looking for a higher low after the weekly...
We are still in a very tight range, with no winner after the last rejection from resistance.
The daily uptrend is still intact, but bulls will have to make another move to resistance, where we know the bears are waiting.
The pattern has been a slow move to resistance, a quick break or hard rejection, and then lack of bear follow through.
In 2019 the periods...
BTC bounce still underway, rejecting from EMA resistance on the 4 hour but still battling for it.
There is a notable pattern the last few weeks of bears smashing the price down when we get to a certain level, but not getting any follow through, just setting daily higher lows.
It is as if there are bots programmed at a resistance level, but they only trigger at...
Same chart as yesterday but the bulls have taken a step forward.
We still see bears defending resistance and pushing the price down hard as we reach key levels.
The daily uptrend remains intact, so the bulls remain in short term favor.
A break of $4,037 will have us looking at the potential for a weekly resistance break and trend change.
LTC and ETH have faded...
Bulls are still within striking distance of a weekly trend change, and the bears have not been able to get much traction.
The daily higher lows are still intact even if we break this pattern bearish.
A bull break and we are looking right back to $4,037 and $4,237.
Currently a daily inside bar and possible we remain in this tight range all day.
BTC tested resistance and rejected with a 4 hour lower high, and a pullback to test support.
If we lose this 4 hour uptrend, daily consolidation to find a higher low will be underway.
Another possible scenario is a bear break with a lack of follow through, which would be a bullish signal of a healthy daily higher low forming.
I personally entered the LTC bull...
We have a good ol' bull break into a bear break into back to where we started move yesterday pretty much faking out both bulls and bears while nothing changed. This is yet another of the endless examples highlighting my points about being an unfavorable trading market the last few months.
The bulls are trying to recover and test the highs of the bull move fake...
BTC Bulls were able to bounce significantly after holding the daily higher low uptrend, but this did not result in a 4 hour trend change to give confidence in continuation.
Bears are sitting and waiting to pounce on the loss of support that would indicate further weekly consolidation is coming.
Changing this 4 hour trend is step 1 for us to be considering the...
BTC bulls not able to get much follow through as the bull break occurred after a significant bounce from a dump.
If we lose the daily uptrend, we will look for weekly consolidation and a higher low.
After everything that has happened the last 3 weeks, we have still not lost the daily uptrend.
This would indicate potentially tightening ranges for another few...
Bulls still unable to push through after a test early this morning.
Breaking this resistance would have the bulls enter an area with a lack of resistance.
LTC broke into this range on the daily days ago and saw significant follow through.
ETH is playing a laggard and weaker than BTC, not testing resistance on the last bull push.
XRP continues to tighten on the...
Bulls keeping momentum in their favor riding support and continuing to head towards resistance.
We have BTC and ETH looking at the last daily resistances before some clear space,
while LTC continues to be a major lead bull breaking out to higher highs on the daily with little resistance nearby.
I personally entered an ETH position this morning in the $137s with...
Bulls got over hourly EMA resistances, so we zoom out to the 4 hour and watch EMA resistance be tested.
We are anticipating a lower high will be set today, and it will be up to the bulls to form a higher low and see continuation to change the 4 hour trend for the bulls.
If this occurs, we zoom out to the daily and look for the same thing.
ETH has my attention...
Clear bear breaks across many individual names last night as we are heading back towards weekly supports.
Bulls must hold the weekly higher lows in order to have a chance for the longer term trend change.
Clear bear volume and the only nearby support is the low of the dump a week ago.
Now we are back to the "Zoom Game" Looking at hourly EMA 12/26 resistances as...
We are at the same prices as 4 days ago, aside from very brief dumps and spikes.
Patiently waiting for a break and some closes above this set range, to indicate potential follow through.
The bears still have the upper hand since the dump from the highs.
Sideways trading in BTC means look to alts for potential clear setups, as they often have space to do their...
As I talked about in the video yesterday, we MUST see a 4 hour higher low and higher high, otherwise the bears keep control.
We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range.
Currently back to all cash and patiently waiting for more clarity on the daily time frame.
Bears are using EMA 4...
Slow bounce after the dump is trying to play out and you can just watch 1 time frame at a time with a sluggish EMA resistance test. First it was the 5 min, then 15 min, now we are on to the hourly.
This is an example of sideways trading while hourly EMA resistances drop down, as opposed to bouncing back to those levels.
This kind of "bounce" is becoming well...
I have been surprised by the resiliency of the bulls 2 of the last 3 mornings waking up, as 4 hour supports are not breaking.
This is resulting in sideways daily consolidation, looking for weekend continuation.
Watching GBTC for some potential clues today.
ETHUSD is a potential bull flag on the daily, and we have not seen much profit taking at all in the space....
Very healthy low volume consolidation last night to set a 4 hour higher low of consolidation.
BTC, ETH, LTC gave nice entries on 5 and 15 min oversold conditions.
LTC and EOS are two names that have already seen clear continuation bull breaks, making them leaders.
The question now is, do BTC and ETH see 4 hour continuation and follow, or are we set for a 4 hour...