LaertaShishman

LaertaShishman

$BTC January pattern repetition still in tact with the upcoming confluence between monthly support and EMA55 crossing at about $49.4K. Key level to watch. Volume is so far bearish so there is no indication of price reversal as of yet.

LaertaShishman

$BTC had formed lower highs followed by double bottoms before breaking upwards on Jan. 14th and it might be just the case here since the bears haven't yet won this one. If that's the case, we're holding the support at $54K and gain speed into April.

LaertaShishman

Of course it's only my personal opinion, but looking at RSI being near the oversold area and considering that it held the $54 region without crushing to $50K throughout the Asia session, I tend to believe the dip is for now over and we are heading to reclaim the strong volume $54K and perhaps heading into $58K region by Thursday #bitcoin

LaertaShishman

If we get a confirmation by breaking the neckline downwards we are heading straight to $54,1K by tomorrow

LaertaShishman

$LTC is currently underperforming as it trading below EMA8 and almost on EMA200 on the 4H. Unless it flips the EMA8 into support and bounces back to test EUR 172 again , things could turn ugly.

LaertaShishman Updated 

EMA200 proved to be a strong magnet for $GRT which flipped it into support. Next key level to test is $1.80. The upward volume seems promising but it's too early to tell.

LaertaShishman

As predcited yesterday, we continue with the 5th Elliott wave up along the rising channel for #bitcoin

LaertaShishman

If it breaks the channel downwards things are looking bearish IMO

LaertaShishman

We are structurally moving along the channel so could we have completed wave 4? Yes, if we claim $56.5K.

LaertaShishman

Bearing engulfing candle on the 4H, could go to EUR1.452 which is also Fib 61.8% $ETH #ethereum

LaertaShishman

Bearing engulfing candle forming on the 4H, could test $58K within the day #bitcoin #cryptocurrency

LaertaShishman

$DGB is setup to have an equally valid move on both, rising and falling channel. Will it drop towards $0.059 which seems to be a strong magnet as both channels cross there or invalidate the falling channel and move along on the rising towards $0.068? Will be watching closely #digibyte

LaertaShishman

$RVN is moving perfectly on the rising channel and claiming resistance on the daily at $0.181 but it's missing the volume. If it breaks it upwards, the bulls will step in it and it can hit $0.22 within a day #ravencoin

LaertaShishman

Strong resistance level with lots of confluence on the 4H. If this one is tested and broken upwards, then there is a strong bullish case for a new ATH tomorrow

LaertaShishman

#bitcoin

LaertaShishman

$BTC has been moving in similar channels on the 4H and the current channel is moving between 38.2% ($47.2K) and 23.6% ($51.3K) Fib levels. Watching out for the price action at the $51.3K to determine whether this is a bull trap given that Sundays are not usually days of price increase. Could it be the effect of $1.9trillion stimuli bill? #bitcoin #cryptocurrency

LaertaShishman

Possible H&S formation over the weekend will see the price fall to $44.6K (current support level) over the weekend with a strong bearish pull towards EMA55 which will then provide the support at $42K #bitcoin $BTC

LaertaShishman

Clear signs of bearish divergence on the 4H, this could signify a downward trend for the day. At the moment riding the EMA13, if it drops below that, it could go all the way to $47K $bitcoin #cryptocurrency