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Ethereum is approaching the end of the ascending triangle on the 4HR timeframe, if we see volume coinciding with a bullish breakout above resistance ($1256.98) then there's no doubt we'll see $ETH test ATH & likely break through. Technical target is around $1620, however with a breakout above ATH i'd expect ETH to pull a far bigger move & head towards $2000 as...
Bitcoin is tightening up on the 4HR timeframe, as long as we bounce from the support trendline we'll continue to see big % moves across the altcoin market. Playing several altcoins currently including $LINK, $WAVES, $YFII & $ETH. There's currently 4 days & 8 hours of this range remaining, will be wise to revert completely into $BTC awaiting a decision with stop...
Bitcoin has broken down as mentioned in my post yesterday touching $35,111 on Binance, if we can hold the support & find a range over the coming days, we should see liquidity flow from Bitcoin into Altcoins, particularly large caps (ETH/LTC/LINK etc.), a lot of these charts on the BTC pairings are showing strength after bullish divergences in oversold RSI...
Bitcoin is tightening up & a break is due within the next 7 hours, a break to the upside will take us towards $45,000 & a break to the downside towards $36,000.
$BNB Binance Coin is primed for a huge move on the USDT pairing which has broken out above all time high the past couple of days, all eyes are now on the BTC pairing which has formed a falling wedge on the daily timeframe. Once this breaks out with convincing volume, there's no resistance on the USDT pairing above the recent high. I have a bag $$$$.
Litecoin looking good against Bitcoin here, breakout of the downtrend line & retesting right now on the 1HR.
Litecoin looks to be tightening up & i've entered a trade at $103 on the test of the ascending support trend line, a lot depends on how Bitcoin plays out so a stop below the recent low of $100.49 is essential. LTC/BTC pairing looks to have tested support so as long as BTC/USD holds up Litecoin should perform well moving into the next few days. Targeting the recent...
Bought a bag of Litecoin on this pennant breakout and retest, aiming for +50% profit with a target of $138/145 initially on the higher timeframes.
$ETH is forming an ascending triangle on the 1H timeframe, succession of higher lows and repeated tests of the resistance around $602. If resistance breaks we'll be looking back up at the high of $635.70, stop losses in place beneath the ascending trendline incase of a breakdown.
Bitcoin approaching a decision point within the next few hours, holding the trendline well both with price & RSI. If this breaks out to the upside there will need to be convincing volume behind the move or we can expect a fakeout and dump considering the price being at ATH & the expectation for a strong impulsive move breaking resistance, if there's a break to the...
Ethereum is looking extremely strong in comparison to Bitcoin, its broken out of an ascending triangle pattern & there's no real resistance until the 0.032500 area. Currently long on ETH from the upper $490 region & if this can work its way up towards resistance, ETH has a real chance of testing $620, the recent high.
Entered a Bitcoin Short, breaking down on the 4hr RSI and price is right at resistance & broken the trend line, stop loss above resistance.
Out of the $BTC short for small profit and flipped long, RSI is breaking out on the 15min timeframe & price is gearing up to follow.
Entered a $BTC swing short here, aiming for $17,465 for the area of new support & will flip long.
$ETH building a pennant, already in a position from the $494-498 region however will add more at the test of the support around $504-505, expecting a breakout to the upside as long as Bitcoin plays ball. Targeting the $580 region which will now be resistance. ETH has tested the $489 S/R flip from back on the 01st September perfectly & we've seen a good reaction...
$TRX Rolled some EOS profits into TRX here, same setup & expecting an impulsive move up to the 2 resistance levels shown on the chart.
$DOT Another project i'm currently in, only an 8% move up to resistance & if price breaks through, anticipating a big move.
$ETH lost momentum & broke down from the rising wedge as shown on the chart, my ETH plan is shown with the green arrows & I fully expect to test the $800 region sooner rather than later, will be watching for RSI bullish divergences on 1HR/4H timeframes to re-enter ETH.