Many coins showing inverse H&S Patterns with a wedge that began In the beginning of Feb. ETHUSD revisiting $700+ doesn't seem unlikely. Long time frame on ETHBTC is very interesting and suggests we may see a big ETHBTC breakout. ETHBTC has been moving between fib levels since bottoming out in December. Looking to see ETHBTC hit the 0.5 level and top of the...
Bitcoin Cash with a lovely inverse head and shoulders set up. Strong support on the 0.236 level with a long term trade set up to the shoulder line. Profit taking levels at 0.786 and 1.0. BCHBTC also showing support just below the 0.382 level. BTCUSD Daily RSI still quite oversold, lot of technical room to go up. Watching BTCUSD move to the top of the...
EOSUSD has surprised and sustained its rally, many thought after its peak it would lose value. The reasons for this may vary, but I'm seeing strong support just above the 0.786 level, even while markets are dipping. Wedge forming means EOS is likely to pop up/down. EOS may have some nice news upcoming at consensus, the run up to its current price may be insiders...
BCH has been on a tear since the early April bottom. Yellow boxes are targets. Resistance at the 0.18 BCHBTC at the 0.618 level, blew past 0.5 level. BCHUSD saw earlier resistance at 0.236 but today's day candle has shown signs of a trend reversal - the 0.236 level, which once was a resistance level, is now a support level. This leads me to believe that BCHUSD...
XRPUSD with strong rising support on the 200 daily MA. This is making a nice base for a potential wedge breakout, could push the 0.236 zone where we start to see some major resistance. Downtrend line has been touched multiple times, traders are watching this. Watch the 200 MA and downtrend line for a breakout. XRPBTC seeing support around 88sats, wedge breakout...
BTCUSD has been unable to break the 200 MA on its last three attempts, two of which occurred after the the breakout from the logarithmic downtrend. So far $8800 has bee a decent support zone, but nothing has been tested in between $7500 and $8500. The third circle shows several day candles unable to break through the resistance at the 200 MA and is now falling...
BTCUSD has been unable to break the 200 MA on its last three attempts, two of which occurred after the the breakout from the logarithmic downtrend. This means that the breakout is bullish but there is still a threat of a drop below $8000. So far $8800 has bee a decent support zone, but nothing has been tested in between $7500 and $8500. The third circle showed...
Since BTCUSD broke the logarithmic downtrend bullish sentiment has flooded the crypto market once again. Confirming the trend reversal to avoid a potential bear trap. ETHUSD saw first support on the 4hr 50ZMA and, more importantly, on the logarithmic downtrend line, which acted as resistance on BTCUSD on a previous bull trap. Seeing this line as support is very...
XMR fib chart looks very nice from the beginning of March. Support around the 0.382 level has been tested a few times, looks like a nice entry point. Entering with tight stops as below 0.382 has not been tested. Long till about 0.618 level where it'll be time to reassess the position. 1.0 level is not out of the question.
BTC has seen strong support around $6.5k since the beginning of April and is now testing its linear downward trendline (yellow) as it continues to consolidate. BTC us also in a zone (yellow box) that can act as future support or resistance, next few bars will confirm as we will tell if we can push through the 200 MA in the 4hr candles. Most bullish aspect of this...
Potential buying opportunity for ETH as it approaches the bottom of this channel with the previous two bottoms around $560. Entered just above $600, another long order at $570 with stops just outside the channel around $540. Sell Target is the $800-$900 range.
Lows trendline (green) seen showing support as we recover from Jan. 2018 selloff. Currently looking for significant technical signals to confirm a market recovery - this trendline being maintained is a good sign. Note: the 2018 highs trendline (light blue) is steeper on the non-log chart, intersected with the BTC price and likely was the cause yesterday's profit...
NEOUSD IS seeing $120 resistance with multiple touches and rising lows. Resistance may come at the downtrend line as it also comes close to the 0.618 retracement level, we may some some traders taking profits here. Aside from that next proven resistance level is at $165 area. NEOUSD seems ready to pop.
LTC blew past the downtrend line with multiple four hour candle of significant price gains. This bullish breakout follow two bearish wedge breakouts. Next level of resistance is at the $300 price range. Market conditions seem optimistic so I think waiting for a fallback to $177 range is greedy. I could foresee a cup and handle pattern with a pullback to about...
BTC Bounce off just under $6000: - bears got their fill - bounced on extremely significant technical trends, the longer the time frame the more significant - volume on bounce is the largest we had seen, evidence of this being a true bottom and not a dead cat bounce. volume is a dead give away, would have been wiser to wait for such a signal before re-entry....
Since almost touching $200, NEOUSD has seen three encounters of resistance at $160 at the 0.786 level. A breakout the 0.786 level when there is resistance often leads to a breakout to around 1.272 or 1.414 - this has happened to NEO several times in the past. NEOBTC its also encountering resistance at the peak NEOBTC level. Also sign of a potential breakout....
EOS is consolidating nicely both in USD and BTC. EOS is seeing some strong BTC resistance at 0.0013 BTC. If we can cross this level then EOSBTC will be pushing new all time highs. In combination with EOSUSD higher lows and some 0.618 level I am bullish on EOSUSD and EOSBTC
Bitcoin bulls appear to be taking over again. BTC broke the price consolidation around $11,400 upwards signalling a likely return to previous support levels at $13,000. I'm confident we'll return above the 200 Smoothed Moving Average (yellow curve). This line has six tests since the end of July 2017. Once it failed Sept 14-24 and once it failed Jan 15-current....