Moon_Rocket_Capital

Moon_Rocket_Capital

PRICE ACTION Price continues to fill out the ascending pattern; which should give us a cleaner read over the next 24-48 hours. However, on the 1D chart we could be setting up a hidden bullish divergence – with RSI about to break lower than its trending support. The 5m chart has been incredibly volatile over the last 48 hours; and the 1D is showing its first...

Moon_Rocket_Capital

PRICE ACTION As LTC continues to pull back from a second rejection off the $100 range; the 4H chart has started to print a hidden bullish divergence. This pattern will hold true provided that the price maintains a support above $80 – so the bears have a big job ahead of them to invalidate the pattern. This trade would only be suitable for experience short...

Moon_Rocket_Capital

PRICE ACTION 28D MA has crossed above the 13W MA; and in the process created a new local high @ just under $190. On the 4H chart, this movement has created a bearish divergence which has pivoted the overall position to bearish. Bulls should be looking for a retest and support off the $170 range to help build a case that prices won’t return to test $120 again....

Moon_Rocket_Capital

PRICE ACTION While BTC continues to test the resistance at 5300; short positions had a noticeable decline today; dropping by roughly a half days trading volume. Given the green grind for the last week; this wouldn’t seem too unusual at face value...however when factoring in the RSI on the 1D chart and the overhead resistance coming up – in the form of the 52W MA;...

Moon_Rocket_Capital

PRICE ACTION March 18, about a question about going short on LTC: “History has not been kind…when the shorts are higher than longs” Litecoin is the first (major) coin to break above its 52W MA; and – unless something significant happens over the next 24 hours – should confirm the close soon. LTC has been working as the leading indicator for most of the market...

Moon_Rocket_Capital

PRICE ACTION RSI is currently in lockstep with price action; which is a divergence to the BTC action. Outside of a few individual candles; the 4H volume have been relatively consistent since the upward breakout; however, when the OBV is reviewed; the volume appears to be selling out of the trade (market sell). 28D MA is about to cross above the 13W MA;...

Moon_Rocket_Capital

PRICE ACTION Volume has been steadily decreasing since the breakout. RSI is bearish on several timeframes; suggesting that the next action will be a lower. Interestingly, over the last week a few suggestions have related to a short squeeze being the catalyst for the upward movement – however the impact (on Bitfinex at least) was only a reduction of ~33% of the...

Moon_Rocket_Capital

Open Interest - Long: 1.12 Days Open Interest - Short: 1.33 Days RSI: Hidden Bullish (1D) OBV: Rising VOL: Flat Price Action: After spending the last 48 hours eating into the top of the channel; there has been a reasonable pull back. The moving averages are a relative distance below (closest is $53), so the logical approach favors the short side right now -...

Moon_Rocket_Capital

Open Interest - Long: 2.20 Days Open Interest - Short: 0.47 Days RSI: Hidden Bearish (1W) OBV: Flat VOL: Flat Price Action: Margin long positions continue to grow; however now that the price has moved above the 28D MA it could give them some fresh capital to make a run up to the $150 area. $145 is still acting as resistance, although price has properly...

Moon_Rocket_Capital

Open Interest - Long: 2.20 Days Open Interest - Short: 2.16 Days RSI: Hidden Bullish (1D) OBV: Flat VOL: Flat Price Action: Two strong 4H candles saw the price push through the $4k resistance zone over the weekend. The short term trend looks like it has now crossed over the 4k as well; and with the 28D MA just below - it is reasonable to expect any retest to...

Moon_Rocket_Capital

BITFINEX:BTCUSD BINANCE:BTCUSDT First posted on CTP in April 2018; I have been tracking this movement for almost 12 months. Every single major candle movement was within 4 weeks of the same action in the previous bear cycle. If correct, we should be in the accumulation phase now with price ranging +-$500 of the $3700 price zone. Play small, average down your...

Moon_Rocket_Capital

Open Interest - Long: 1.09 Days Open Interest - Short: 1.17 Days RSI: Hidden Bullish (1D) OBV: Rising VOL: Flat Price Action: First the first time in 2019, the bearish margin trades have extended above those of the bulls (albeit very slightly). Right now, price is in a slightly dead spot hovering around the $60 position - with next levels of support roughly $7...

Moon_Rocket_Capital

Open Interest - Long: 1.90 Days Open Interest - Short: 0.42 Days RSI: Hidden Bearish (1W) OBV: Flat VOL: Flat Price Action: ETH has been constricted by the 28D moving average for most of this week; however there is still about 10 more day of price action before the $170 peak diminishes from the calculation. The weekly chart is where the focus should be though;...

Moon_Rocket_Capital

Open Interest - Long: 1.91 Days Open Interest - Short: 1.87 Days RSI: Hidden Bullish (1D) OBV: Flat VOL: Flat Price Action: After a volatile explosion of volume saw sharp tests of both the $4000 resistance and the short term trending support; activity reset a little. The current daily has given a strong indication as the week closes out and has even shifted the...