Crypto Chart Analysis: BTC, ETH, TRX
Updated
Hello dear crypto friends, hope you're doing well guys! ;)
Todays summary
BTC: Pattern repeats
ETH: The zombie dies
TRX: Relative Strength
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Todays summary
BTC: Pattern repeats
ETH: The zombie dies
TRX: Relative Strength
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Note
ETH: If you played the break-out from 113 (USD) short: Perfect EQ coming up between 106 & 102 on the 4H to further decide on your position. Obviously, if we break to the downside: let position ride for another leg down, next support would come in around 97. If the break the 4H LH to the upside, close & take profit. Never forget: can always fake-out in both directions. + Always look at correlation to grandpa Bitcoin. When BTC breaks 4H LH to the upside, ETH is hardly gonna go the opposite direction. Note
BTC bulls have broken inverse H&S to the upside, but have to see continuation. If no continuation, then it's just a fake out. Have taken partial profit on my ETH short with the break of 106. Will close the rest too, if bulls see continuation.Note
Caution: XRP pumped out of nowhere today 10% (probably due to Brad Garlinghouses' interview at the Paris Fintech Forum), and dragged all the Cryptos with it due to correlation. We've even broken the lower Highs on the Daily. So, observe the situation carefully, and see if there is continuation in XRP's move, and how the correlation to the rest of the Alts is gonna look like. Grandpa is not fully convinced yet.
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