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BTC Bad News, But Holding WellBTC had a very laggard reaction to the bearish Bitfinex news yesterday and I must be honest the carnage is better than I would have anticipated. If the Bitcoin bulls can come out of this FUD holding $5k it will be a significant statement as to the resiliency of the bulls. We have not even started weekly consolidation yet, we would have to break $4,900 to see it. As we continue to watch the news get digested, we are watching hourly EMA 12 resistance which is currently rejecting the bounce attempt. If the bulls can turn it into support we will look for a 4 hour EMA resistance test. I personally flipped the break of $5,000 for a 2% trade and will be interested in scaling into 4 hour oversold RSI if we do see another leg down.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Daily Inside BarsBTC bulls are starting their bounce attempt on the 4 hour time frame, which is keeping daily inside bars intact. Bulls are still in control of the daily chart as long as EMA12 is support, which will be tested if we see in inside bar bear break. If bulls control the morning we will likely have to wait until tomorrow for these ranges to break. Watching for potential clues in ETH and LTC which have been lagging behind BTC in strength recently. Bears have clear stops if looking to top fish recent resistance, but I personally would wait for more sign of weakness on the daily before looking for a bearish entry. A poll on twitter with about 2.5k responses had 2/3 say bottoms are in, and 1/3 saying lower lows are coming.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Continuation Move for Bulls Hourly equilibrium highlighted in the video last night broke bull and forced some shorts to cover with bull buying to new levels. The support/resistance levels listed here are from the hourly time frame. Bulls just looking for a 4 hour higher low, and EMA 12 support. It is fine to not be comfortable bullish but do not fight the trend! People were looking for a top the last couple days with every time frame from hourly to weekly in an uptrend. Running a twitter poll right now and pretty 50-50 as to whether the bottom is in or not. this tells me there is still a lot of cash on the sidelines and there will still potentially be FOMO fuel if we do see the weekly uptrend continue through Summer. I personally will not shift from my short term bullish perspective until we lose daily EMA 12 support.
COINBASE:BTCUSD
by TheChartGuys
2
Daily BTC Bulls Still in Control We have now seen two instances in the past couple days with a bear break of the 4 hour uptrend and no bear follow through to confirm a downtrend. The daily chart for BTC has the psychology of a cup and handle pattern with the inability to break resistance and current bull flag. My visual guide on the daily remains EMA12 support which will have to be lost as support in order for bears to gain any traction. Yesterday was another example of BTC 15 min oversold climax signaling a good entry for bulls, with significant bounce follow through. If we are going to see daily continuation with BTC it will need to come with a clear volume spike compared to recent lower volume trading the last week+.
COINBASE:BTCUSD
by TheChartGuys
Bitcoin Cash bullish breakout eyed Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session. Next major target for the bulls will be for a return up to the $400 price territory. BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400. Technical Level: Previous Daily High 314.5612 Previous Daily Low 303.9388 Previous Weekly High 329.7426 Previous Weekly Low 254.5428 Previous Monthly High 172.9457 Previous Monthly Low 120.5261 Daily Fibonacci 38.2% 307.9966 Daily Fibonacci 61.8% 310.5034 Daily Pivot Point S1 302.0167 Daily Pivot Point S2 297.6666 Daily Pivot Point S3 291.3944 Daily Pivot Point R1 312.639 Daily Pivot Point R2 318.9112 Daily Pivot Point R3 323.2613
GEMINI:BCHUSDLong
by Saleh11
BTC Potential 4 hour Bull FlagBTC bulls keeping full control after the bull break during yesterday's video. We ended up seeing a bit more continuation before consolidation overnight. Very healthy pullback at this point and even if the 4 hour higher low is not set, there is plenty of space above 4 hour EMA support. Bulls have full control at this point and bears will most likely make an attempt to keep the price contained if we approach recent highs in the $5,400s. For every leg up we see over $5,500, the more likely our bottom is set as there is more and more space created for consolidation to occur. LTC and ETH a bit behind BTC as far as strength on this last move. Eyes on the ETHBTC chart as it heads back down to test key weekly support.
COINBASE:BTCUSD
by TheChartGuys
3
BTC Riding Daily EMA 12 Support BTC Bulls bought the dip after a dump many are attributing to a barrons article: www.zerohedge.com We are looking for a 4 hour lower high to be set this morning and for ranges to continue to tighten. We have 5 days within the current range highlighted on the chart, and I am patiently waiting for a break of this range before taking any more trades. With a bull break we will be looking back to recent highs, and a bear break we will look to weekly consolidation to try and find a higher low. Bears are going to be looking to top fish the pre-dump resistance levels looking for the 4 hour lower high. Bulls not in a position will be looking to enter the 4 hour higher low we are anticipating for later today. There is nothing wrong with doing neither and waiting for daily clarity!
COINBASE:BTCUSD
by TheChartGuys
2
Ethereum More consolidation before we see Bull Run Hi Folks, In my opinion I can see more consolidation before we can go higher. Don't get me wrong I would love to go higher, but I see there is still a lot of seller on different Supply Zones and I don't see it to break it now. Wish we would Penetrate main Supply Resistance Zone From now on I will be updating how my trades are and how I think Market will go. Would love to see more ideas from you guys and if you have any question on different coins let me know and I can do TA,
BITMEX:ETHUSD.P
by Luk11