After a prolonged downtrend with clear hourly lower highs, the bulls established support and broke the downtrend resistance and the lower highs at the same time. Even the patient trader waiting for the break could see a $20 move on the breakout. This is coming as BTC consolidates and funds move around looking for more profit. ETH will now have to consolidate and...
The pattern highlighted in the video last night played out all night, before breaking this morning. Alerts were firing off and I ran downstairs...naked... to flip $14,000 to $15,000 in literally 1 minute. The volatility continues and the signal was the 5 and 15 min RSI being oversold. Keep using the 15 min chart and look for a higher low on consolidation to form,...
All eyes on BTC and LTC not seeing the correlation as funds leave to play the bluesky bulls. 4 hour higher lows lost and a significant lack of support on the 4 hour between $382 and $395. Caution and waiting for oversold conditions on the hourly and 4 hour before looking back to LTC. We likely need to see BTC top out and begin to pull back for profit to be...
All the attention is on BTC on this run, and funds are leaving ETH for greener pastures. Lots of frustrated ETH holders and believers out there. I personally will not look to play ETH until we see BTC consolidating, and we see a break in the hourly lower high pattern. 4 hour RSI will be oversold if we test $400 soon, and a break would give us stops triggering,...
The bulls are on absolute fire but we must continue to remain cautious at these levels as $500 drops and bounces are common. I personally will continue picking my spots and scalping moves, staying mostly cash to keep the last week or profits and keep adding to them. All it takes is 1 mistake holding into a dump to erase significant gains. Long bulls have nothing...
Last night the bulls broke $103 resistance as BTC broke out, and then as BTC hit all time highs all money went there and created an inverse correlation here. The bears have been in control for hours driving us to oversold 15 min conditions, and tests of $101, and $100 support likely approaching. Watching to see if the correlation remains inverse when BTC begins...
The pattern still following through from the video last night, the bears have an edge as we have no correlation to BTC bulls and may correlate a bit on a BTC pullback. $450 breaking would trigger stop losses and the bulls have a clear target to break the hourly lower high pattern. All attention has been on BTC and LTC for the last week and ETH just consolidates in...
Huge move for the BTC bulls overnight, signaled by a break of $11,825 highlighted in the video before the break. Personally entered on this break, sold half +$450 move and the other half +$1,050 BTC move. We just dropped $800 in 5 minutes showing the extreme lack of bid support when the selling pressure and stops trigger. This is a reminder to be CAUTIOUS and...
After a lead bull day yesterday, LTC has lost some of the correlation to BTC and consolidated. This has allowed BTC to catch back up, and come closer to all time highs in terms of %s. Keep a close eye out for the buying bot of 250 coins, it has signals multiple bullish hours in a row on two occasions in the last few days. All eyes on BTC closing in on all time...
ETH has been a laggard for the last few days as BTC and LTC hit all time highs and even yesterday broke out much more significantly from their equilibrium patterns. ETH is still consolidating with higher lows, and lower highs (shown with arrows). There is certainly a correlation to BTC, but it is not as strong as what we have seen between BTC and LTC. Watching...
After a bullish break of the hourly equilibrium pattern, the bulls have had nice higher lows and higher highs on the hourly. We came within 1% of all time highs and had a sharp sell off. The V shaped recovery occurring has us looking for this to potentially be one of the last flush outs before we head to test $12,000. A Break of $12,000 should see a few hundred...
Just like LTC was the lead bull to all time highs over the weekend, it is leading consolidation. We have pulled back to the dump low more significantly than any other name, and BTC broke short term support to follow in the same positioning. I will be watching for this recent observation to continue to hold true today. Key support needs to hold for the bulls to...
Less bullish than BTC and LTC, which are coming off of all time highs, ETH is looking to hold $450 psychological support or we are looking back towards $400. The correlation to BTC and LTC are stronger than either pair with ETH. As long as volatility remains in the space, I expect the correlations to remain strong and for the price action to mirror BTC. Bulls...
BTC had a bit of a FUD dump yesterday on some news the UK is going to regulate cryptos a bit more. There was also some fake FUD about Korea banning exchanges to help magnify the selloff. We are currently in a tightening hourly pattern, and we will look to play the break. With a bull break we will enter on lower highs breaking, if we see a bear break we will look...
We will be trading less in consolidation mode. More picky, and cautious than the last few weeks. Always watching the BTC correlation and noting this morning we are weaker than both other names. Anticipating to trade within the range of yesterday for a couple days but closer to a bear break than others. This means that LTC can have more extreme RSI levels as it...
The point to make this morning is to SCALE BACK the amount you trade. We are not in the same environment as the last few weeks. You will give back profit if you try and trade in the same way, plain and simple. Eyes always on the BTC correlation and sticking to oversold 15 min and hourly bounces today for plays. We are testing support and closer to a bear break...
After a wild day, things have settled in to a tightening hourly pattern. I expect to trade within the range of yesterday for a couple days, so we must be selective and more picky. I will be trading much less in consolidation mode compared to the last two weeks. 15 min oversold and hourly oversold opportunities are what I will be watching for today and just...
Congrats bulls! $100 broken on GDAX. Bulls still in full control but overnight has shown us lots of volatility we need to be cautious of. Made a flip of roughly $94 to $99 last night, and am all cash scouting entries I am comfortable with. A break of $100 should see a new all time high but there is a decent amount of resistance to work through. A loss of the 4...