crypto_trends

crypto_trends

DASH just broke out of what could be considered a bear flag which could mean it is about to head downward. What makes matters worse for DASH is it is about to hit the bottom of a long term wedge (green lines) right around the 50% Fibonacci level near $212. Although this is a great opportunity for a bounce, with the bear flag just breaking, it must also be...

crypto_trends

I have been writing a bit about the long term downward trend (orange line) which has some good potential to last a while (potentially into the summer) if it continues to hold, but the short term wedge (red line and green line) looks like it will culminate within the week. Once again LTC is near the bottom of this downward wedge, so it should be interesting to both...

crypto_trends

Bitcoin broke downward out of a wedge yesterday (orange lines), but still managed to find support from the upward channel it has been trending in since the last low at 43K (green dashed lines). Hence BTC looks to be treading on some precarious ground here. If the support of the green channel continues to propel a bounce, there are some potentials to rise up and...

crypto_trends

It looks like LTC is now breaking downward out of its wedge (orange lines) and from what I see, it looks to be retracing back to the wedge (potentially to $200) before heading back downward. If it continues the long term upward trend (white lines) it then looks like it should be able to only dip around to $180. Not a horrible dip if it indeed is not a fake out and...

crypto_trends

It looks like Litecoin is rubbing against the bottom line of the trend that has been trending upward since the latest low of $152 and hence is forming a wedge (orange lines) since the latest high at $246. This is one of the better wedges that has been forming from what I have seen due to the fact that it is against the latest high and low since the BTC dip in...

crypto_trends

LTC is once again testing its support against BTC for the trend line that it has been bouncing off of since November (red line). So far each time it has come near this trend, a significant breakout has occurred for either Litecoin and/or Bitcoin (although sometimes it has been short-lived). There is of course the possibility that the trend line finally breaks and...

crypto_trends

It looks like support held yesterday for bitcoin in the upward channel (dashed green lines). However, so long as the support holds in this channel, it looks as though a wedge could potentially form if the price heads back upwards from here (light blue dashed line). If that were to occur, the potentials could lead to a slight all-time-high, afterward another...

crypto_trends

BTC finally broke out of its upward channel today (purple dotted lines forming a bear flag) and hit some expected support at 54K. I think the question of how bad things can get for BTC will depend on the next few days. BTC currently has a bit of support in the remaining upward green channel (around 53K), but this too can be seen as a bear flag, and if it were to...

crypto_trends

BTC looked to retrace slightly after some dancing around 61K as expected. The part I find interesting about this latest bounce is how near BTC is getting to many trend lines approaching. For one, BTC just bounced off the hidden bullish divergence trend line (green dash line on RSI). But even more interesting I think is the rising support trend line that has been...

crypto_trends

BTC looks to have nicely broken the all-time-high like I was hoping for yesterday. Now the question I wonder is how far until it retraces. I see a couple of options that seem most likely. There is a bit of resistance around the current price up past 61K, with some good possibilities to stay around or below 60K for a while. However, a large part of me wonders if...

crypto_trends

just now ETH has been in progress with a nice breakout out of its current retracement on the way up. With BTC surpassing its all-time-high ( ATH ), this now makes me wonder if ETH is soon to follow followed by a multitude of ERC20 tokens. It is largely dependent on BTC maintaining its price above 60K, and there is still a good possibility of slight retracement on...

crypto_trends

Excellent little dip going on the 4-hour chart. Yesterday I had anticipated the possibility of a couple of dip possibilities, but now that one has started, I think there are some interesting possibilities. On the down side, BTC is near support for the upper trend line (purple dotted lines) of which I spoke of yesterday, and if that breaks, then BTC could likely...

crypto_trends

LTCBTC once again bounced off a trend line against BTC after riding a breakout downward. This is roughly the fourth time this bounce occurred in the past month and a half. The first two instances triggered good trends for BTC and the last instance signaled the end of the latest retracement. Here is hoping it is a good sign for both BTC and LTC once again. There...

crypto_trends

BTC looks to be making a run toward the all-time high. However, RSI on the 4-hour chart (red line on RSI chart) has me concerned in that it is once again looking lower as we head up in addition to all of the surrounded resistance right now. Hence I really wonder: Will we double-top? Will we break through? Or will we hit resistance by the smaller channel (dashed...

crypto_trends

Some (slight) bearish divergence showed up today on the 4 hour chart (red lines). This then looks confirmed with a bear flag (blue dashed lines) inside a bear flag (purple dashed lines). Hence, things are not trending well in the short term. The daily chart also looks to have accelerated a little too quickly and is starting to run out of momentum as well. Then...

crypto_trends

Cosmos looks to be approaching a couple of options with regard to its wedge against BTC. It looks like there is a recent support trend that it might bounce off of in the case of a slight dip (green line), as well as a much larger support line. The good part is that there are a few options in the case that BTC does dip in the next day(s), for which Cosmos has some...

crypto_trends

Cosmos looks like it is starting to dance with either a breakout or a bust over the next day or so. Much is tied to the fate of BTC, for which BTC could easily take ATOM downward in this wedge, but if BTC continues its move upward, it has the potential to take ATOM with it.

crypto_trends

DASH looks to be breaking out of a nice wedge (orange lines). However, what I find even more interesting is DASH also looks like it has an interesting uptrend over the past few months. When I move this trend line to the bottom, it shows our current trend going on right now (green lines). The more interesting part is we are currently at the bottom of the line...