Expecting it to drop to the 50% retracement level, the minute chart shows it wanting to go down. Quantify Crypto has it at 36.5 which is the lower end of Neutral, but with BTC the way it is I think it's fairly safe to say it is still very much bearish.
Focusing more on ETH right now but this chart is picking up the BTC resistance points, Quantify Crypto still has it sitting at 3.0 which is extremely bearish so would expect it to drop to the next one at least
I was about to sell some of my NASDAQ inverse ETF position, but after whipping this up I think I'll hold off for the time being...if it continues it's absolutely insane run and breaks through that support then I'll likely end it
Haven't spent much time charting this (or anything) today, it is sunday afer all, but noticed this straight away and at time of writing it is struggling at the the exact intersection of that arc at $11620 so thought it was worthy of publishing.
Kind of hard to decide what arc to actually go off because nothing looks super perfect but this I would rate this as 'pretty good'. Just wait and see I suppose, personally I reduced my position a bit just so I wasn't over leveraged. Really need to get my coding skills up to scratch so I can actually play around with the blockchain tech instead of charting coins !!
No great insights into it, just thought this chart was interesting, really hoping it doesn't keep being a c*nt because if it goes to 10400 on Sept 4 that's my position goooooone. ((ok maybe that does count as an insight, but it's not one I like))
LEND looking like it's coming to ahead, breakout from the wedge in about 3 to 4 hours, although if it doesn't crack at the edge of that arc I'd expect it to do so 5pm tomorrow (UTC+10). Although I'm still learning and playing around so I'm not saying it with a lot of certainty, but I'll be chuffed if I'm right! The arcs without a background are the expected upper...
I feel pretty confident in the support levels drawn, probably more so if it breaks upwards - provided it breaks in the next couple hours. Another possibility is this and that probably looks better for if it drops. Won't really know until it happens and can see which one it decides to follow. LEND is also doing something...
It's a graph like this which is most promising to trade with Futures! Clear support, and a 3% difference, so good to trade over a couple hours, but requires alot of attention because if it breaks up or down you don't want to be too slow to react (this trend started at midnight for me so I couldn't do anything fancy with it, but I have a long in place anyway :D )
Gah I was too impatient yesterday, should've backed myself! I noticed that all the alts retraced 50% from their highs when they had a major correction, so I had a short running on DOT and a couple others, but canned most of them too early. DOT and THETA were probably the best looking for a short yesterday.
Kind of wondering if it'll test the 50% retracement if...
There's 2 drawn here hence why it looks a bit busy.
Kinda hoping it'll retest that 5.8 low so I can get a cheaper re-entry, but its looking pretty strong up at the moment.
My previous charts of DOT all held up good as well!! Actually managed to profit yesterday from it, its playing the game much nicer than BTC...