TheChartGuys

TheChartGuys

The tighter we get, the close to a break. Watching for a volume spike on the hourly to indicate a break of these ranges depicted. Bulls have the slight upper hand for breaking some overnight resistance. Hourly chart needs to maintain higher lows to keep the bulls in position. Watching here for a break related to ETH and LTC correlation as well.

TheChartGuys

OMG we were cautious of a daily equilibrium pattern (last nights video) but the hourly higher low maintained overnight leading to a breakout this morning. All time highs and no resistance, ideal for bulls. Hype and momentum on the back of a conference with GNT today in Berlin. Cautious of a sell the news reaction, but bulls currently in full control after GNT...

TheChartGuys

Bullish reaction to conference news today with OMG and GNT hype. Sell the news reaction on conference day as we have seen with other conferences (ETH comes to mind). Another good opportunity to sell a breakout and overbought conditions to reload cheaper with more coins. Because we broke out so strong we do not have much support established in the 9s. 8501...

TheChartGuys

NEO bulls were just waiting for some confidence the low of the fear dump was in, and news provided the catalyst. Caution of overbought conditions as we consolidate. News breakouts are a great opportunity to flip and reload more coins. As I write this hourly RSI is still mid 80s as we form a bearish reversal spinning top candlestick, though still 35 minutes...

TheChartGuys

Very healthy consolidation but the bulls rejected on their attempt for continuation. Cautious up here as we are looking for consolidation on the 4 hour chart to begin after a very bullish move overnight did not see much consolidation. Target of low $340s +$10 hit from the video last night. Very telling next hour watching the current consolidation range as our guide.

TheChartGuys

Bulls close to a breakout from the bull flag but were rejected, having us cautious. Need to break 80.66 for continuation. Watching for a daily equilibrium pattern which would mean a lower high being set today. Still the lead bull in terms of gains from the bounce, as well as the first to break the high of the bounce yesterday.

TheChartGuys

Bulls had a great night after breaking the high of the bounce previously set, and seeing strong continuation. The 4 hour bull MACD cross gave the bulls confidence for continuation. Scouting for an equilibrium pattern on the daily which means a lower high forming sometime this morning/afternoon.

TheChartGuys

Lots of thousand coin walls on GDAX keeping the bulls back from joining LTC bulls on their stronger bounce. Bulls must hold the hourly higher low pattern or the bears retake full control. Bulls must break $333.70 to see a 4 hour bull MACD cross and show the bulls have further momentum to go. Cautious and cash after an early morning flip $310 to $313s.

TheChartGuys

Very strong recovery compared to the BTC and ETH. The correlation is strongest with ETH but there is much more resistance on the ask for the bulls to work through in ETH. Bulls are quicker to buy the dip in LTC than other names after coming off that huge run towards $100 recently. Loss of hourly higher lows is a big red flag but the bulls are currently...

TheChartGuys

We were anticipating a higher low on the hourly overnight, which we got, but there was more bear volume than bulls would like. It has been a slow and steady recover since then, as the bulls have their sights on the high of the bounce. Very cautious at this point and a break of the hourly higher lows will indicate the bears are back in full control. Currently cash...

TheChartGuys

Strong correlations back among the sector. Watch BTC same 15 min pattern for clues as well. No bullish entry without a break of the lower highs. Clear setup breaking in a few hours will dictate direction on the day. Patience!

TheChartGuys

Beautiful clear equilibrium as the bulls look to find range after the dump. Bullish entries on the breaks of lower highs. Watching BTC in the same pattern as the sector leader. Patience while the pattern tightens and develops.

TheChartGuys

Higher lows and lower highs, tightening range as the market finds its footing in this new price range. No bull entry for me without a break of these lower highs. Looking for a break in the next few hours to dictate direction for the day. BTC leader, ETH and LTC to follow in my opinion.

TheChartGuys

Still bullish consolidation unless we break this support which would indicate consolidation on a longer term time frame is coming. Hard to trader for larger positions as there is added risk with the lack of bid support. Last night there were times were if someone needed to sell 1-k coins, it would result in a .50 drop which is $500-$1k difference. The...

TheChartGuys

Bulls in control but still multiple resistances under $400 psychological. If the bulls can break the correlation to BTC when BTC begins to consolidate, I believe we will see a run at all time highs in the next week. In order to break the correlation, a surge in volume will be needed. Always watching the correlation as a rejection of BTC from $5,000 is anticipated.

TheChartGuys

All time highs continue as the bulls are seeing healthy consolidation on the move, with little signs of weakness. Cautious as we approach $5,000, I would anticipate profit taking and a rejection on the first attempt. Trend line and consolidation supports to watch on the chart, also use volume for clues. Walking stop losses up to protect profits.

TheChartGuys

LTC and BTC bulls trading off all time high runs. I traded LTC $63 to mid $66s and have flipped back into BTC and ETH this morning while LTC consolidates. This staggered run pattern between these 3 bulls is ideal for trading back and forming between them to catch bull momentum, and skip consolidation. Watching for a pattern to tighten up today and give a clear...

TheChartGuys

Bulls enjoying the BTC correlation of strength. In a tight pattern after very healthy consolidation over the last dozen hours. Support on the hourly established at $382 before this bull move started. Slow and steady without significant surges so far this morning. Currently in a BTC and ETH position.