Bitcoin futures have found support near the 23.6%FIB level a few times already and could be set to move back up to the top of channel, which coincides with the 50%FIB giving us a nice target to aim for. Any break higher from there could send us to $7000 fairly quickly. MACD and RSI are both looking bullish and have room to run above before needing to cool off!...
Bitcoin keeps on getting supported by the bottom of the cloud as well as its POC but we need to get above the Tenkan sen to give bulls any type of momentum. The bullish crossover over the cloud a day ago seems to be crossing over bearish once more unless we get a price spike soon. The target for a long position would be the top of the cloud where we found...
Bitcoin has found support at the demand zone right below raiding stops and has regained the channel moving up to the supply zone that was once support on the move up. Seeing that we defended lower prices, we could expect a move back up to the previous strong supply zone around $6750 as the RSI and MACD are starting to show a bullish bias. A possible trade setup...
ZRX has bounced nicely since hitting a short-term bottom at 7300 and it trying to test the highs above. ZRX does have a possible upcoming catalyst with a Coinbase listing and with yesterdays news of Coinbase allowing more coins to request listings, ZRX has turned very bullish and could be set for more gains if Bitcoin can get above this resistance level. RSI...
Neo bounced nicely off the 50%FIB level back on the breakdown from the channel and has since bounce off the demand zone and is trying to make its move back up to the supply zone around the 1.618%FIB at $19.50. There is a resistance spot around $19 before getting up to the supply zone but RSI looks like it could be coming down after getting near resistance. While...
XLM had an amazing move up with Ripple last week and continues to mirror its moves so far this week. It is currently below the supply zone and FIB level, which is causing some resistance and we could see a move back down to the demand zone + breakout level around 3542. MACD histo is near going positive but looks like it has stalled as well as signal line turning...
Cardano has bounced nicely yet again from its demand zone around 1220 and is currently facing resistance around its 61.8%FIB level. If it could get above here and close on the 4H, we could see another go at the highs and possibly even break them with the assistance of Bitcoin. Volume does seem to be on the low side but a breakout from here could bring some of it...
BCH has been on FIRE today with a strong move off its demand zone around $435 yesterday with substantial volume relative to past few weeks. It has currently moved to its 50%FIB level and currently finding resistance there creating an SFP at the moment. We could very well see a pullback as the RSI is hitting resistance at the top demarcation line and might need to...
Ethereum broke below is demand zone on the break of the channel but bounce right off the POC and moving right back into resistance that was once support. RSI has turned up and still has room to go before hitting resistance and MACD histo is nearing positive territory while the signal lines still have some time before we get a bullish cross. We are still not...
Bitcoin bounced nicely at the bottom of the cloud support level as stops were raided right below before moving back up to the Kijun line. We did dip shortly after but BTC found support at the Kijun and is now on its way to test the Tenkan sen and if we can get above, a retest of the top of the cloud is possible and the next spot we would find strong resistance....
Bitcoin futures have bounced nicely at support after filling the gap previously mentioned and has begun to move higher again. We moved up sharply to the trendline and backed-off below the long-term 23.6%FIB level and remains stuck in the channel. After yesterday's heavy selling and BTC remaining supported, we could expect a move higher to the top of the channel...
XRP came back down to its breakout zone and found support before resuming its upwards move. As stated yesterday, it found resistance at both POC areas before stalling where it is now around the 1.618%FIB level. RSI seems to be slowing down here but still has room to move higher before needing to cool off and the MACD histo is almost on positive territory while the...
BTC has once more dropped from the $6750 resistance level and found support near the 23.6%FIB level and trying to regain the channel. Any close in the channel on the 4H could be considered bullish but a break of this demand zone could cause a drop back down into the liquidity around $6100-$6200. Always execute positions after analyzing reaction at support or...
XRP has retraced significantly from its highs and our short trade has finally come down into our profit target zone. It took some time but we finally got the move down into our demand zone around $0.44 and this level would need to hold or else the only strong support zone would be the breakout zone around $0.33. This support zone has so far held up and if we can...
As mentioned, ADA needed to cool off after its massive run-up last week and that wedge breakdown has dropped it back to into a demand zone. The 1160 support level has held so far but the volume isn't the best and until we see volume come in, we can't be confident that this demand zone will hold. Stronger zone to enter a long position would be the lower demand...
ETH has come well off the lows of earlier this month but breaking the bearflag yesterday isn't looking too good right now. We are currently right under resistance and need to close back above to remain bullish or else we could come down and test the lower level demand zone around $196. Possible trades could be a short right under resistance targetting the demand...
As expressed yesterday, the gap left on CME futures would most likely get filled sooner rather than later and that's exactly what happened overnight. After rejection near the 50%FIB level, Bitcoin in the overnight session came down and closed the gap at around $6420 and seems to be finding temporary support around this POC. This is a strong support area for...
BTC has rejected strongly from the top of the cloud resistance after numerous attempts of closing above. This resulted in a drop to nearly the bottom of the cloud, which needs to hold or else we could see a retest of the lows on a break. Holding this support line is key for a possible run back up to the top, which could, in turn, cause a Senkou Span Cross...