Resistance line successfully repulsed price all day. If there is a concerted breakout I would go long into the 9500-9600 range. Otherwise my next potential buy zone would be low 7's if the support line there remains established. "I made a fortune getting out too early." - JP Morgan The 1H, 4H, and 1D MACD all look promising, but the 1W still shows concerted...
BTCUSD and LTCUSD have both moved above their previous downtrend resistance lines. ETHUSD is lagging today, despite having outpaced BTC in previous weeks. An assertive push through this resistance line will likely result in a strong upward movement. Bollinger bands show strong compression on the 4H, indicating preparation for a price movement.
I'll make a speculative call right now - Big money sell off to drive down price. Tomorrow LTC leads the rally to rebound prior to block 1371111. All chart signals indicated an uptrend. My guess this will show as an aberration on the 1D, and it will resume the course we were on today. Just a blind speculation from an outsider. It was also a good time to take...
ETHUSD on coinbase has formed an ascending triangle consolidation, sellers failing as buyers remain strong, and bollinger bands show big compression; indicative of large price movement in anticipation of the LCC initial offering likely to occur tomorrow. LTCUSD has been outpacing ETH and BTC in terms of % in the past week, but has lagged today. Signals indicate a...
If I didn 't know ETH was tracking BTC this would be a double top with a bear trap. Instead, I'm holding long for a confirmed breakout down, but considering BTC is showing strong uptrend on the day scale I expect ETH to continue upward. It isn't outperforming LTC or BTC in percentages for the time being however.
At least for the short term, on the 1H, and maybe 4H scales, we may have broken the fractal. Long with tight stops.
Here's the dominating pattern. I'm curious what is driving the market. Is BTC king? Or is this all synergistic? And of what is it indicative? At any rate, I am searching for good bullish signals, something to indicate this is breaking from the fractal set previously. I have yet to see it. A clear divergence from the fractal would be the first indicator of a...
Everyone is looking feverishly for a bullish pattern. The MACD above 0 is the only break in this fractal continuation pattern so far. If price doesn't assertively move to the upside, or break the fractal pattern, I'm not convinced we are out of the woods yet. BTCUSD is still in for a downtrend if this pattern holds. Target remains 720 for the bounce while we watch...
Based on the fractal pattern from January, ETHUSD should bounce at ~720 for short reversal before continuing the downtrend.
Based on the previous pattern, if price doesn't assertively bounce if the new support line this could signal BTCUSD and ETHUSD, and by proxy the entire market, is still in a downtrend on the week scale.
Similar pattern occurred after all-time-high. ETHUSD tracking BTCUSD, so pattern may also apply to it. Possible one higher-high before correction.
Amateur at work here: ETHUSD has volume and price movement compressing, resistance line flat, 4H MACD shows uptrend, 1H MACD shows the down trend may be turning, 50EMA and STOCH RSI pointing up. I'm an amateur, but if ETHUSD pushes through 845 and we get at least one reaction low against it I'll take a look at going long.
ETHUSD has tracked BTCUSD movement since the peak in January. Right now, STOCHASTIC RSI and MACD are nearly identical.