Longshot520

Longshot520 Updated 

LTC has broken out of its daily downtrend. You can see from the chart that the most recent day's candle that buyers made the effort to break out of the downward trendline established by the top (first blue arrow), and then subsequent lower high (second blue arrow) in early January. The volume is severely lacking so far to make me feel like this breakout will...

Longshot520 Updated 

I love charts. Tons and tons of data in a nice, pretty visual that is essentially like a roadmap of the journey an asset's price has taken. It's easy to get caught up in the news of the day when you're involved in an asset every day. Here is a weekly of BTCUSD. When you see on the news "BTC Crashing! BTC down 50% in the last 3 days!", etc, looking at a weekly...

Longshot520

We get see BITTREX:OMGBTC joining the double digit gains club again. It's broken out of its previous range with high volume and made a new high, and is pulling back a bit to rest. The RSI indicates a clearly overbought scenario but the MACD and the heavy volume mean the price should consolidate high. The two pink lines indicate, based on the 5m chart, where...

Longshot520 Updated 

SCBTC Same deal as the others, MACD was bottomed out, and starting a rising crossover. Price was rising with the 50MA into the channel high of 216, and the massive wick on the candle from 12/27 told me that a lot of the sell orders above that price were absorbed already, paving the way for an easy price rise to find more volume. I bought at 197 last night. ...

Longshot520

XLMBTC Lumen is following a similar pattern to a few others I'm watching (XRPBTC, ADABTC), and they all look like somewhat decent buys at the moment. After a large but healthy selloff to cool it down and clean up the froth, the 4hr is telling. The MACD is beginning to bottom, the RSI is near a relatively low point indicating room to run, and price is lifting...

Longshot520 Updated 

ADA has been range bound since the LTC/Coinbase spike, and has finally broken out of its range. I put a buy in on 12/28 @ 10:00 CST at .0002929 based on the MACD rising crossover at the bottom of it's channel, and the increased buy volume near a high, usually a sign of a breakout attempt. It has sold off a bit since the high, but is still above the old...

Longshot520 Updated 

SALT has had a great run that seems to be in part due to an arbitrage opportunity they are offering. If the scenario plays out like SALT is expecting, their tokens will retail for 27.50, almost a 100% premium from its current price. On the 4h, the MACD looks very heavy and I am going to hold off buying for now, but I will be looking for volume buys on the dips...

Longshot520

NXT is a mess, after a massive liquid selloff. 4h DOES show the MACD making a wide turnaround, but with the price being under its averages, and it basing at the bottom of the recent down move, it's anybody's guess what's next for NXT. I'll be looking for high volume buys near the top of the channel its currently ranging in.

Longshot520

Ripple has run quite a bit. We are seeing a very overextended MACD on the 4h, extremely high volume on a breakout-> selloff, and retest of the recent high. I am accumulating this coin, so I will look for buys near the 50 and 200 period MA pullbacks, which also happen to coincide with very high volume price ranges (two purple zones).

Longshot520 Updated 

QQQ is consolidating after it's plunge recently, and we see a higher low coupled with the test (and break) of the channel high. I believe traders will try to push price back to the supply zone in red. Yesterday's breakout was met with selling, pushing price back into range. This presents an opportunity for buy on the dip next time the upward blue trend line is...