The spotlight has gone to ETH overnight and potentially to BTC if we see an all time high test. The big 3 are taking turns running which makes it much more beneficial to be a trader and hop around the the name that is running. Looking for the hourly lower high pattern to break and for a bull MACD cross to follow through as a signal consolidation is done for now....
Nice bull break from a tight 4 hour pattern this morning. Watching for ETH profits overnight to move to BTC, which is what I personally did this morning, liking the Risk to Reward better on BTC than ETH in the $360s. If we cannot break $4400 this morning, all time high will become less likely. A break of $4350 will lose the higher low pattern on the hourly,...
Potential bull flag on the 4 hour chart with a bullish hammer being confirmed. Bulls need to break the hourly lower high to indicate we are heading back to recent resistance at the all time high. Looking for a 4 hour equilibrium pattern and a lower high compared to the all time high as we continue to consolidate today.
BCHUSD is close to a bear break if we lose $610. We continue to set lower highs, $711, $704 and pull back. At this point there is no bullish entry unless "bottom fishing" $610 support. With a bear break we will need to wait for a new support zone to be established. Daily chart has still not confirmed a bullish reversal candle since consolidation started.
Trade highlighted in the video: www.youtube.com Resistance from here is $4272, and not many levels before all time highs. The bulls are fairly extended on this 2 day bounce so cautious on any entries up here, just looking for short term gains. Bulls want to hold $4200 to keep the higher low pattern intact.
After 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look...
Apologies for those who love Bitcoin Cash I'm not a big fan of it as it stands today (tomorrow is another day I may love it). I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade. Now for me, this is NOT a trade I want to take, for several reasons: a) I think BCH is finding its feet and I don't want to tie up my capital...
Seems like all of the short term fear of SegWit2 disruption is fading which could be very bullish for crypto-currencies. In the short term, Ethereum has broken the resistance line which is bullish but we will need to see future support levels to validate this move. Let me know your thoughts! Steve W.
If it breaks the support line next support ~ 2542
I have shown Bitcoin all the way back to 2012 on a log plot. On a log plot, a straight line represents exponential growth. The green line here is a growth rate of 3.8X per year. Notice that this is an extremely strong support line. Even when looking at the daily and hourly charts, I use this chart to evaluate the position of bitcoin on a long term scale. While...
You can't be confident with your forecasts on 100%. That’s why we estimate two scenarios at once. You can be either bullish or bearish. On our chart we show how to act in the worst case scenario and how to act in the best case scenario. For basis we are using BTCUSD chart from GDAX (Coinbase Exchange). We have used: 1. support and resistance levels 2....
After a pretty significant run up to 400 and a quick sell off ETH/USD seems to put in exactly a similar move that it did last time it had a pretty significant run. Period of consolidation followed by a a nice run up and then quick sell. I do expect to see a return to $400 within the next month
My Analysis If touch the Line thats the Big Petential But Decision Is Your Good Luck