austinh6310

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. The bulls are trying to hang on to 2.85 and retest 3.00. The 50 EMA is about to touch the wick from the last four hours. For the last month, during this bull run, every time we’ve touched the line we’ve moved higher. Waiting on further price action to indicate direction. Not financial...

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. We briefly moved through the diagonal upper trendline from our major downward channel to test .073 and reversed downward below .071. It looks like we may test .0680 and bounce or fall further. BTCUSD is still showing bullish momentum. We’ll wait on more price action to indicate...

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. We were rejected at the intersection of the resistance level at 2.85 and the top of the channel. Watching for indicators of a possible reversal between 2.50 and 2.55, if we see smaller bearish candles on the 4HR. Not financial advice. Make your own trading analysis before executing.

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. Although cryptocurrencies can tend to surprise us we have an almost textbook descending triangle forming. The likelihood that we will fall is high. Great opportunity to short. Not financial advice. Make your own trading analysis before executing.

austinh6310 Updated 

Don’t forget to hit that like button. Appreciate your constructive thoughts. We’ve found support over the last 24 hours on the 2.69 and we’re consolidating between 2.69 and 2.79. Not much to trade on until there is further action up or down. Not financial advice. Make your own trading analysis before executing

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. Like most other altcoins we appear to be in consolidation. We tested the .061 and bounced slightly. We’re trading within the .061 and .066 support and resistance lines. Strong resistance on the bigger picture, downward channel is hovering around .069. I would take a long position if we...

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. We may retest the .061 line and bounce or fall to the next support at .059. I’m watching for the bounce. Not financial advice. Make your own trading analysis before executing.

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. It looks like we may have lost the 2.68 support line which could now turn into resistance. We are likely to retest the 2.52 support line. The good news is that we broke out of the ascending wedge. Not financial advice. Make your own trading analysis before executing

austinh6310

Don’t forget to hit that like button. Appreciate your constructive thoughts. If we can hold this current level and break above the .0619, we are likely to hit very little resistance until .0666. Be careful, RSI indicates oversold. Not financial advice. Make your own trading analysis before executing.