jamiecassels

jamiecassels

Looking at price and the ADX line we can see the trend is compressed and ready to expand. As to which direction, it seems to be down, based on price action and RSI. Price has formed a bearish flag on support which generally means we are going down. Looking at RSI, we can see it has already broken its steep little uptrend. The stochastic is almost high enough...

jamiecassels

The chart for ETH just looks ugly to me. It looks like a double top and fundamentally I've been sketchy about ETH, and I like BTC way more right now. My stop indicators all triggered on my last 4 hour chart but I'm letting this short roll. Stop loss for me will be a move out of this flag to the upside @ about .075. Price remains in an flag pattern within a...

jamiecassels

Technicals align with fundamentals here as China's policy change against ICO's in theory should hurt ETH more than BTC. We see price in a downward wedge and looks to be flagging for the next leg down. I think a 3 Day chart shows the weak bounces off .07 the best, but I don't have that available on TV. It seems .05 is our best bet for a target where we see a...

jamiecassels

Those thin zones where price flew through, like to get filled in time. Price and RSI have broken their uptrends and have started to form downtrends. The DI+ has been declining and setting a series of lower highs and lows while the DI- has done the opposite and looks to overtake the DI+ soon (ADX is indecisive but ready for new trend). The market has been...

jamiecassels

I might be in love with the daily candle (not pictured)depending on how it prints. As it stands, I am not LONG BTC but am intrigued by the idea. I can't buy right this second with the price looking a little overbought on the intraday charts, but maybe I can get an entry at ~4000 on a test of broken resistance? I think I want to get LONG BTCUSD but I also want a...

jamiecassels Updated 

I think BTC might have exhausted itself temporarily, I might be a little early starting to buy here but I think it's a good time. The Stochastic indicator has broken it's downtrend with RSI and DMI lagging a little but we can see the compression that should lead to a rebound temporarily. Then we will reassess.

jamiecassels

I'm a bit spooked by some of the charts I'm looking at. I thought we were good for liftoff in LTC but it never seemed to come and I'm starting to think there is more downside needed before we can lift off. Honestly, all of the big 3 crypto have ugly looking charts right now so I might be in cash for a little just watching. Good luck I hope everyone made some money.

jamiecassels

I've become a little wary of the LTCBTC run. It's showing signs of flagging on the support line which is never good, with all the indicators already broken their uptrends. I'm still holding LTCUSD for now. I don't want to sell this short so I'll just be watching for now.

jamiecassels

My last idea came because I just saw an opportunity for a quick scalp. However, the more I looked at longer term charts I think a decent case can be made for a swing short. I'm trying to tune out my feelings on BTC at the moment because I'm nervous about SegWit2x but it's probably just an opportunity to buy cheaper BTC as it always is when people panic. ...

jamiecassels

Looks like a nice set up for a quick short trade via ETHBTC. RSI / DI+ are trending downwards while DI- is rising and about to overtake DI+. We can see an area that looks like a thinly traded price zone, where price moves quickly through this particular price range. Everything looks like it's pointing down and with a meager effort off the thin zone support, I...

jamiecassels

Crazy action right now, we broke the wedge pattern drawn from our daily chart and price promptly returned to former resistance and it looks like now support. We can see the uptrend lines starting to distinguish themselves so if they break that might be a good time to take profits. Wait until the candles actually print though before panicking. Right now, the...

jamiecassels

Patience is paying off as it looks like the big move is still coming, all the while we have been creeping up. Looking at this 4HR intraday chart we can see RSI broke out of its little wedge a few days ago, while it looks like DI+ is finally breaking out alongside a rising ADX trendline so it hopefully the trend starts to pick up. On the flipside, charts of BTC...

jamiecassels

I'm still patiently holding / accumulating LTC at these prices. Price and RSI look like they are flagging for more gains and our ADX trend line is starting to pick up with DI+ looking healthy above DI-. The next few days are shaping up to be pretty big and I'm really loving the weekly chart right now. Good luck.

jamiecassels

We've pretty much touched both upper and lower boundaries of our price wedge today and we will be breaking out shortly. Given the atmosphere of crypto in general I can't see us breaking down at this time because LTC is so out of favor already but I've been wrong before and it will happen again. I think the most interesting thing about this chart is that the DI+...

jamiecassels

Switching to the weekly chart for the long term view, we can see a lot of coiling going on. Both price and the stochastic indicator show that we are indeed still in an uptrend. The RSI looks like it's flagging, and while the DI+ doesn't look particularly encouraging, it still remains in an uptrend itself. All in all, I think this is a good chart for longs and...

jamiecassels

RSI and price have broken their downtrends and appear to be flagging for the next move higher. Notice the ADX shows a listless trend that is ready to pick up. I think it's to the upside. Aside from TA, I'm a little worried about the BTC community and segwit2x. I have lots of faith in BTC but it seems safer to rotate into the out of favor LTC for some nice gains.

jamiecassels

Short term uptrend indicators are breaking down, the RSI has broken its uptrend while the DI+ is about to break.