clydeuscope

clydeuscope Updated 

Looking at the market depth, a huge number of sellers (440) are piling up on the 4,400 price levels. Seems to me that a double top pattern is forming as long as it doesn't break that yellow slope/uptrend line. If buying pressure increases and the price stays above the slope, then BTC can move higher.

clydeuscope Updated 

Seems like IOTA has a high correlation to BTCUSD. I think because, fundamentally, it's a Bitcoin competitor from a thousand miles away. Looking at the charts, we're nearing a supply zone. When you look to the left side, profit taking happened. Be careful when the price reaches that zone as profit taking could definitely happen. I suggest waiting for the price to...

clydeuscope Updated 

OMGBTC seems to be in a predicament now. There's no buying pressure that will push the price above the downtrend slope. If it breaks above it, then we can retest the all time high. If not, we could go back to support around 150000. Looking at market depth, selling side is a little thicker than the buy side. I don't see a good signal to enter yet. Probably when it...

clydeuscope Updated 

See TP targets in the chart above. 0.00814 could be the first TP target. If buying demand is still strong NEO could reach at the top of the trendline.

clydeuscope Updated 

It seems that XRPBTC have bounced on a good demand zone. Price rebounded just right above it forming a hammer. Volume is significant and the market depth favors the buy side. Stochastic is pivoting up and oversold. It just looks like we just need some big news to turn the tide up. If the price breaks below the demand zone, it could go lower to the support below...

clydeuscope Updated 

Bitcoin is going parabolic. But it seems that its wheels could fall off soon. Stochastic shows that BTC is nearing a sell-off but I don't think it could happen today probably within 2 days. So, I suggest that if you buy now, make sure that you place a tight stop loss (2% below your buy price) as a correction could occur down to 3,500. Still, it's possible for BTC...

clydeuscope Updated 

Here's an ascending triangle formation for ETHBTC and it seems like Spoofy is playing ETH as of the moment which is bad for its growth. Expect ETH to rise slowly because of price manipulation. (I love new coins because price manipulation isn't visible.) We have 2 directions: 1. Up - it seems to me that the supply zone above the top of the triangle is weakening....

clydeuscope Updated 

OMG is on the move again. See the chart for targets. If you buy now, it's gonna be risky so always be cautious when trading OMG as of now.

clydeuscope Updated 

So, another new all time high is made. Now, we're targeting 2,600. At this zone, the market will decide if Bitcoin will shoot up or drop low. Watch for price action as soon as it reaches 2,600. It will be a very interesting chart to watch.

clydeuscope Updated 

Wow! IOTBTC has been ultra bullish for days. There were short periods of selling but it didn't really drive the prices down. This can be attributed to a lack of price manipulation and also IOTA's fundamentals. It's the future of blockchain technology. So, nobody's selling, right? Would you sell if you know that this is the future of all blockchain? NO! Hence, the...

clydeuscope Updated 

Looks like we have a mini-breakout here. There was a volume surge and it seems that BCH is taking the leftovers from the OMG and NEO trade. As for the exact price direction, .089 is the first target. If it goes beyond .09, then expect higher highs and lower lows. If we cant reach that then we could stick to bouncing on support.

clydeuscope

It looks to me that the price movement is correlated with BTC. If BTC makes a big move, LTC moves with it too. If there are nice developments from LTC's team, then it would be beneficial for the price. Right now, it's better to lean on fundamentals and BTC's price if you want to play with LTC.

clydeuscope Updated 

So we broke past the all time high and is creating a new one. Now, we're looking to reach the Take Profit target as indicated in the chart above. After this wave, OMG's price could most likely settle above in the new area near the TP zone.

clydeuscope Updated 

So my previous H&S idea was rejected and that's good because Bitcoin could most likely reach higher highs from now on. Segwit has activated and that led to the buying demand that occurred today. But first, we have to pass through the supply zone above 2,500.

clydeuscope Updated 

Seems like ETHBTC is currently in a tug of war between buyers and sellers and is forming a pennant. I don't like how the last 3 candlesticks look though. Selling pressure is visible but the bulls are buying. Ethereum is still not in overbought zone so another wave up is still possible. Buy strategy: Buy when Ethereum breaks out from that thick downtrend yellow...

clydeuscope Updated 

Seems like BCash will be moving on a dead cat bounce pattern, but that is still to be confirmed. There are two demand zones which I see here (refer to the rectangles in the chart). These zones could be a potential reversal point, but if it goes down then expect BCH to go lower.

clydeuscope Updated 

If BTCUSD can't break that yellow downtrend line, it could go back to the first support and form a head & shoulders formation. When that happens, expect for BTC to go down to the reversal levels indicated in the chart above. However, if BTC goes up and breaks the downtrend trendline, it could retest the all time high and could probably make another all time...

clydeuscope Updated 

Looking at the market depth, there's a huge resistance wall in the current prices. When it goes up to the supply zone (rectangle) and stays there for quite sometime, then watch out for a pump in volume. When that occurs, buy OMG. I'll be updating the TP targets when the supply zone is broken.