$BTCUSD is in ranging mode. If triangle breaks down, we'll be seeing at least the bottom of the wedge or quick dip into liquidity pool. If reversal wedge breaks up, then we will be looking to make higher high. Price will move faster when it breaks either of horizontal ranges. At this point I'm neutral.
Reasoning behind BTC longs:
-Bitfinex shorts are at A T H
-Current resistance/supply being hit many times and getting thin
-Bitmex funding fee's are negative, too many shorts issued
-CNBC is shilling BTC drop to $5900
-100 Mil USDT printed (short squeeze coming?)
-ALT's capitulation in progress
Well, Lumen has many positive bullish signs, but the strongest sign to go long is a major BULLISH HIDDEN DIVERGENCE on RSI's daily chart. While price was gaining bullish momentum, RSI created more LL's for a whole month. As of now we see our first HH and HL to confirm trend reversal in oscillator. Bullish wedge will pop very soon. See ya at the moon.
Zcash is in perfect uptrend channel with many bullish signs, but it may experience bit of overheat via regular bearish divergence on 6H RSI chart. RSI is overbought, making lowest high under 70, where the price is trending up. In trading book it may signal for the short. Long term ZEC is super bullish. In near future it may have a bit of decline to existing support.
Lumen seemed to be exhausted and possibly looking for a correction. Small or big will be determined in the future. I'm still pretty bullish on this coin, unless proven otherwise via confirmations from other indicators and oscillators.
Looks like Zcash hidden divergency will be formed today once we have 1D closing candle on higher low. Many respected people talking about shorting ZEC to 032 price level. I personally don't see that coming. Divergencies are very strong indicators. Specifically on dailies. Let's see if we can hold super strong .618 FIB level as support.
Etherium is at the brink of a decision point. If we can break thru 0.99 level, then it will absolutely moon and possibly flip BTC one day soon. But something tell me we may experience a small correction. Let's see how it will develop within next few days. I'm neutral again.
Simple TA, no indicators. Even though Litecoin seems to be ranging via flat channel, there is a pattern that looks like bear channel applicable. If LTC breaks out of this bear channel, then it will continue consolidation or go higher to current resistance.