LTC bulls still strong, looking for an hourly bull MACD after this bull break. Clearly stronger than BTC this morning but not independent of the correlation. LTC bulls will not be very comfortable until BTC is forming higher lows and higher highs on the hourly. Personally in a partial position as long as $211 holds to give the bulls a chance for continuation....
Healthy consolidation we were keeping an eye out for, as the 4 hour chart was a bit over extended. The bulls are still strong on the 4 hour but we will not be confident in bulls again until we change the hourly momentum back in their favor. Healthy consolidation on all time frames at this point, only increasing bear volume will give us red flags. Bulls trying...
But, that does not mean it cannot have its own run and break some correlation as we have certainly seen in the past. Keeping a close eye on it but currently playing BTC and LTC until we see some signs of correlation shift. Bulls looking for healthy 4 hour consolidation, and the 15 min returning to higher lows and higher highs will indicate a new support level...
Very healthy consolidation after a crazy bull run the last 2 days. Still correlation to BTC but it can break when volume spikes. There has also been a bot that will begin buying .1 very rapidly when the volume and breakout gets going. We have seen this bot a couple times now and it gives me additional confidence on entry. We will look to establish a 4 hour...
Not surprising to see the bulls take a breather before testing $10,000 psychological resistance. Healthy consolidation as the bulls look to ideally form a higher low on the 4 hour. 4 hour RSI had hit 70 for the first time in a long time, and we are watching for the bulls to remain in control unless we see increasing bear volume. Patiently waiting for the 15 min...
Congrats Bulls! Daily higher high achieved. If you have been watching the videos I have mentioned a couple times LTC would be the first to break to a higher high on the daily. We certainly could not expect this kind of powerful move, but the setup was there to be the lead bull. We will now watch for higher lows on the hourly to remain. We are very overbought on...
The bulls are certainly showing up this morning, but both LTC and BTC have daily higher highs, while ETH still has a ways to go. We can assume we will likely see the bulls follow through with the break, but there is still a bit more resistance. Hourly higher lows remaining intact is important for the bulls to remain in full control. Now it is time to determine...
Congrats patient bulls! This bounce is not done yet as the crypto bulls are out in full force last night and this morning. LTC wild breakout last night increased the odds we would see BTC and ETH bull break as well. Currently holding a full BTC position after LTC flips last night, and will exit if hourly higher lows are lost. Bulls now have a big psychological...
Correlation to BTC still extremely strong. Bulls need to form a higher low here on the 4 hour, higher than the previous periods of consolidation. The consolidation yesterday was mostly in the form of inside bars, which is not a significant enough pull back for a higher low. We are now in an equilibrium pattern and will very likely break the way BTC does. It...
Bulls looking for the hourly chart to set higher lows and higher highs, to be confident a higher low on the 4 hour is being set. After being unable to set a higher high on the daily, we are now in a tightening equilibrium pattern. The two drawn support lines are the levels that must hold for me to consider the bulls remaining in control. Bulls looking to show...
We did not get the higher high that the bulls were looking for to see continuation on the daily chart, and as a result we are now consolidating on the 4 hour chart, needing to form a higher low. I will consider the bulls in control as long as the lines of support here hold, and we should have a new 4 hour higher low to watch later today if the bulls are to...
The move is very similar and the correlation is certainly strong, but LTC is currently slightly behind BTC bulls in terms of % before we break to the daily higher high. Watching for the 4 hour bull MACD cross for follow through back to the recent lower high on the daily. Bulls ideal morning is holding hourly higher lows to keep the bulls in control. A break to...
ETH 4 hour chart looks almost the same as BTC. Looking for the 4 hour bull MACD cross with continuation of hourly higher lows and higher highs. Daily chart trying to get over EMA 12 resistance to try and follow through with a higher low and higher high. Losing hourly higher lows this morning will indicate the bulls are unlikely to head to a higher high on the...
Bulls saw nice follow through overnight, with a nice hourly higher low and higher high pattern. Bulls are trying for continuation on the daily with confirmation of the bull flag. Break of $9,090 is the goal for the next two days to get resistance out of the way. Bulls need to keep hourly higher lows intact to see this 4 hour bull cross through. Currently in a...
Bulls showing strength this morning and breaking strong with a favorable BTC correlation. We have seen this favorable correlation shift from ETH to LTC and back over the last couple weeks. This has dictated who I focus on to trade, which yesterday and today will be ETH again. I was actually stopped out for a small loss last night when 15 min support broke, which...
Daily chart has two daily inside bars in a row at the moment, showing just how tight this 4 hour chart is. Looking for a break in this tight range today, as we look for BTC correlation to lead the way. Bulls have slowed down their positive correlation with BTC and ETH has picked it back up a bit. Daily EMA resistance continues to grind while BTC and ETH have...
The bulls did not hold the pattern highlighted in the video, but also did not break the previous 4 hour higher low established overnight last night. Still watching the tightening pattern for the bulls to see a break and continuation. Daily inside bar forming but a long way to go today for it to close that way. Continuing to watch correlations, with ETH...
Very similar to BTC positioning, we are testing the highs of the bounce this morning. A break is bullish and we will look to daily continuation and a test of EMA resistances. A rejection and we will watch a 4 hour equilibrium form for the rest of the day. ETH becoming a bit more favorable than LTC to the BTC correlation overnight. Climax indicator last night...