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BTC daily Higher Lows on Watch BTC bulls not able to get much follow through as the bull break occurred after a significant bounce from a dump. If we lose the daily uptrend, we will look for weekly consolidation and a higher low. After everything that has happened the last 3 weeks, we have still not lost the daily uptrend. This would indicate potentially tightening ranges for another few weeks at least. The other possibility would be bulls holding the higher lows and slowly making their way up through limited resistance to recent highs. In my opinion bears have favor and a loss of the daily uptrend is more likely than not this week. A loss of the uptrend is an entry signal for patient bears. Keep an eye on LTC the leader for clues, and XRP for the clear tightening daily equilibrium that is set to break within a couple days.
COINBASE:BTCUSD
by TheChartGuys
BTC Double Top at ResistanceBulls still unable to push through after a test early this morning. Breaking this resistance would have the bulls enter an area with a lack of resistance. LTC broke into this range on the daily days ago and saw significant follow through. ETH is playing a laggard and weaker than BTC, not testing resistance on the last bull push. XRP continues to tighten on the daily and should see a clear break towards the end of the weekend or early next week. If BTC loses the 4 hour higher lows from here we will remain in the daily equilibrium and continue to tighten. With a bull break our signs will be back on the potential of a weekly trend change.
COINBASE:BTCUSD
by TheChartGuys
1
Bulls Riding Hourly EMA12 SupportBulls keeping momentum in their favor riding support and continuing to head towards resistance. We have BTC and ETH looking at the last daily resistances before some clear space, while LTC continues to be a major lead bull breaking out to higher highs on the daily with little resistance nearby. I personally entered an ETH position this morning in the $137s with a stop using the hourly support levels, to see if bulls can push through $141 where there is a lack of resistance on the daily chart. There is potential LTC continuation is giving the early indication for continuation of these other coins, but we will need to see strength hold through the weekend if that is the case. While bears certainly made their presence known with the dump a couple weeks ago, it was only for 1 day and there was little prolonged "control."
COINBASE:BTCUSD
by TheChartGuys
3
BTC 4 Hour EMA Resistance TestBulls got over hourly EMA resistances, so we zoom out to the 4 hour and watch EMA resistance be tested. We are anticipating a lower high will be set today, and it will be up to the bulls to form a higher low and see continuation to change the 4 hour trend for the bulls. If this occurs, we zoom out to the daily and look for the same thing. ETH has my attention with the clear 4 hour lower highs, and the need to form a weekly higher low above $100 to remain in the equilibrium pattern. Bears are scouting entries. More aggressive are looking to enter at 4 hour EMA resistance, more patient bears are waiting for the daily lower high to be set.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Testing Dump LowsClear bear breaks across many individual names last night as we are heading back towards weekly supports. Bulls must hold the weekly higher lows in order to have a chance for the longer term trend change. Clear bear volume and the only nearby support is the low of the dump a week ago. Now we are back to the "Zoom Game" Looking at hourly EMA 12/26 resistances as the first hurdle. Turn them into support and we zoom out to the 4 hour to watch the same resistances. Bears in full control and watching for 4 hour oversold bounces to result in lower highs. Patient traders are waiting for clarity on the longer term charts. Bears remain comfortably in control.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Sideways and Wicks for DaysWe are at the same prices as 4 days ago, aside from very brief dumps and spikes. Patiently waiting for a break and some closes above this set range, to indicate potential follow through. The bears still have the upper hand since the dump from the highs. Sideways trading in BTC means look to alts for potential clear setups, as they often have space to do their own thing when this is the case. Otherwise traders are sitting on their hands waiting. I do not like clarity of bull nor bear entries while within this range.
COINBASE:BTCUSD
by TheChartGuys
3
BTC Burden of Proof on the Bulls As I talked about in the video yesterday, we MUST see a 4 hour higher low and higher high, otherwise the bears keep control. We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range. Currently back to all cash and patiently waiting for more clarity on the daily time frame. Bears are using EMA 4 hour resistance as a guide, and bulls are clinging to the hopes we do not see another leg down when daily inside bars break. If not already in a position I personally do not like entry in this sideways channel. No shame in patiently waiting for clarity to come out of a tight or unclear range. I will likely not be playing crypto again in the near term future as the weekly equilibrium continues to tighten.
COINBASE:BTCUSD
by TheChartGuys
BTC Hourly EMA Resistance TestSlow bounce after the dump is trying to play out and you can just watch 1 time frame at a time with a sluggish EMA resistance test. First it was the 5 min, then 15 min, now we are on to the hourly. This is an example of sideways trading while hourly EMA resistances drop down, as opposed to bouncing back to those levels. This kind of "bounce" is becoming well known in the crypto space... and is pretty rare in the stock world. If we get over these EMA resistances, we zoom out and do it all again on the 4 hour. Note the RSI levels have all cooled off enough to allow for another leg down, which is certainly a possibility. I still have a small ETH bounce positions, hovering slightly profitable. I will exit it with a rejection from hourly EMA resistance. Technically BTC is still a daily higher low pattern, but obviously the size of this pullback is a big step back in bull progress.
COINBASE:BTCUSD
by TheChartGuys
4
BTC Bulls Sideways Control I have been surprised by the resiliency of the bulls 2 of the last 3 mornings waking up, as 4 hour supports are not breaking. This is resulting in sideways daily consolidation, looking for weekend continuation. Watching GBTC for some potential clues today. ETHUSD is a potential bull flag on the daily, and we have not seen much profit taking at all in the space. We may be in for another weekend of bull fun. Note the line in the sand support, as long as it holds, bulls control the weekend. Get those volume alerts set!
COINBASE:BTCUSD
by TheChartGuys
3
BTC Bulls Keep Control Very healthy low volume consolidation last night to set a 4 hour higher low of consolidation. BTC, ETH, LTC gave nice entries on 5 and 15 min oversold conditions. LTC and EOS are two names that have already seen clear continuation bull breaks, making them leaders. The question now is, do BTC and ETH see 4 hour continuation and follow, or are we set for a 4 hour equilibrium. We should get the answer within 2 hours. Remember the odds tilt towards continuation a bit because of the other names breaking out first. Keeping an eye on block chain stocks again today as well RIOT, MARA, GLXY.v, etc. Sentiment and momentum are clearly shifting and the bears will have to break weekly higher lows to crush the hopes and dreams of bulls from here.
COINBASE:BTCUSD
by TheChartGuys
6
Investors Losing Confidence in NANO - Breakdown Possible Hey guys! As you know, I've been bullish on NANO against Bitcoin (BTC) for a while, but since the failed rally, things are starting to look worrying, fundamentally as well. Since the very beginning, exchanges have had trouble implementing the NANO code, and it's starting to really become a headache. I haven't sold off any of my NANO as of yet, but I'm starting to become concerned. Over the last week, big sells have been dominating the order flow, which could suggest that big money is losing confidence in the project and moving on to other coins. Right now, NANO is at risk of entering a deeper bear trend as the rest of the market rebounds. As you can see, we are in the middle of what could be a nearly endless falling wedge that has an eventual target at the August bottom, in terms of its Bitcoin ratio. If this happens, we may slide down to the $0.75 support (or even below) for a while until we get some positive news. Any sort of further negative news will likely break us down. However, if we can get some positive news for NANO in the coming weeks, we could see us finally breaking out of the downtrend and sending us on an impulse towards the first major resistance (green X). This isn't really a trade setup, it's just what I'm looking at here. For NANO to remain bullish against Bitcoin, we need to break out of this pesky resistance again with MASSIVE volume. This could easily happen as well, if the stars align. This is really an "up or down" post, but I wanted to get it out of my system, since I'm seeing some worrying things on this pairing. This is not financial advice. I hope this project succeeds. It would be a shame to see it fade away. It has a lot of promise, but unfortunately its tech is very challenging for whatever reason, and I fear that there are unfixable flaws. Maybe some of you can offer your input, if you're more familiar with coding than I am. Link to previous NANO analyses at bottom. -Victor Cobra
N
by VictorCobra
BTC Bulls Still in Control Surprising lack of any real pullback overnight as we have mostly traded sideways. If we keep these two highlighted supports, bulls keep full control today. Lose these supports and we will zoom out to the 4 hour chart to look for the higher low and EMA 12 support. If we see continuation today to $4,000, the odds that the bulls are going to break to a weekly higher high will increase significantly in my opinion. If in positions, bulls need to determine if they are going to sit through 4 hour consolidation, with higher lows likely. If looking for a position, bulls need to determine if they will buy bull breaks, or if they are going to be patient for 4 hour consolidation. If looking for a bearish entry, bears are looking for a loss of these hourly supports to shift momentum more clearly away from bulls in the short term. I am all cash and will not be comfortable with a bull entry, without 4 hour consolidation personally. Significant volume would be a reason I would play a bull break, but it would only be for a quick flip day trade.
COINBASE:BTCUSD
by TheChartGuys
2
BTC Bulls Missing Follow ThroughAfter the big bull day, we have not see any sign of convincing bulls since. We have consolidated for 5 days now and the attempt yesterday to bounce off EMA daily support was crushed back down. This is not a convincing bull move unless we see another leg up over $3,711, which will need to happen by this weekend. If it does not, we will continue to set lower highs and lower lows until we give the whole move back. Bulls are remaining very patient here and keeping an eye out for abnormal volume without a lot of price movement, signaling the potential bull move incoming. Bears are using 4 hour lower highs or $3,711 as their stop and trying to see daily higher lows lost. I am currently all cash and patiently watching the tightening weekly chart on BTC. Lots of alt coins seeing more bullish action like BNB, DASH, NEO, etc.
COINBASE:BTCUSD
by TheChartGuys
1
Its time to accumulate as many #NPXS as possible before it goesFundementals about why I enter this trade for long term Raised a total of $30.5MM across private sale, public pre-sale, and public sales which began in Oct 2017 and were finalized in Jan 2018, selling 20% of the total token supply Shipped first 5,000+ XPOS units globally in Sep 2018 Provided PoS systems in Sep 2018 to support ULTRA Taiwan as the first major outdoor music festival (30,000+ attendees) to accept crypto payments Token unlock will be accelerated. Announcement and details will be released on February 11, 2019. They plan to start the accelerated token unlock program in March 2019 and the distribution will be made in April 2019. The remaining token unlock will be completed before the end of Q3 2019. XWallet is giving away $100,000 in Bitcoin/ETH/NPXS. Function X and the future of mobile technology at Mobile World Congress 2019 is coming on Feb 25! The PundiX team will present the latest development of Function X blockchain and unveil more details about XPhone. It’s the world’s biggest mobile show, bringing together the newest technology and ideas from every aspect of the international mobile technologies industry. And at this year’s MWC Barcelona Pundi X will be discussing the different ways in which blockchain technology is changing the way people communicate, work and play while showcasing new features for Function X and its use in the XPhone. CEO and Co-founder, Zac has been invited to be a speaker at the prestigious MWC Ministerial Programme, which brings together the most influential policy makers, lawmakers, telco leaders, CEOs and data protection authorities to discuss future-shaping technologies and their impact on the future of the global industry. As a hardware project, Pundi X has a dual community / commercial growth strategy that involves expanding XPOS distribution partner networks and growing global user bases that are interested in purchasing retail goods using crypto assets. Pundi X must secure key commercial partnerships that can provide the necessary distribution channels for the XPOS devices to drive both near and long-term adoption and achieve the 100,000 rollout by 2020. Most recently, Pundi X has secured orders for the distribution of 5,000 XPOS devices globally as an initial step in this growth strategy. These deals must be replicated with major distribution players in key markets to further build the network and deliver value to merchants and consumers. 5,000 XPOS devices have begun shipping globally across Asia, Europe and South America. Distributors and partners include: BitCapital (Brazil), Manticora (Colombia), UTRUST (Switzerland), Ebooc (Dubai), and ULTRA (Taiwan). Additionally, tens of thousands of XPASS cards were distributed in Sep 2018 at events such as ULTRA Taiwan, Consensus Singapore, and AMCHAM Korea. TA: 1. PundiX is clearly forming a walling wegde pattern in npxs\usd chart 2. Stock RSI on 12Hours trying to cross back form bottom, might fall a little bit more before the cross can be done. 3. Regular RSI showing support of the trend from november 2018. 4. Currently have support on 21days and 100 days ema on 12 hours, witch meens it have strong support around this levels, so therefor its time to accumulate for the long run. -Should soon attempt to try 200 ema.. -EasyXcommunity believe that sharing knowledge and learning from each other is the strength of success. -Gladly join the Discord Community, You are welcome. :) discord.gg
NLong
by Porshy
BTC Back to Test SupportBTC rejecting from downtrend resistance in the falling wedge, as well as daily EMA resistance. We are now back to testing the low of the dump, which lines up with the down trending support of this pattern. The bears still have complete control. In the video yesterday I highlighted some decent bull volume the last couple days that had caught my attention, and highlighted how the bulls need to prove strength to us with a high volume day and break of resistance. Clearly this never happened, and no signals for bull entry were given. The odds for another leg down are favored, and we are back to watching 4 hour EMA resistance on any bounce attempt. If looking bullish we must be extremely picky and patient. Bulls who have tried time and time again to get in are just dwindling capital. I personally would rather miss the initial move off the bottom so I am sure the momentum as shifted, as opposed to continually trying to nail the bottom.
COINBASE:BTCUSD
by TheChartGuys
5
BTC Daily Tightens, Potential Descneding WedgeBTC is tight with a couple daily inside bars in a row. It is a bit of a choppy picture over the last week, on this weak bounce attempt. Currently watching a potential descending wedge on the daily, that would have to see a high volume daily candle for a bull break. We would have to see the most significant bull day in weeks if we were to see it follow through and get over daily EMA 12 and 26 resistances. There have been some decent little runs on the hourly chart with bull volume behind it. This is why the potential for a bull move has my attention.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Daily Break Imminent BTC is still in a weak bounce pattern, with daily EMA resistance. We have tests of our limited support incoming, as the bears continue to keep full control as long as daily EMA levels are resistance. We had a bull break on the 4 hour chart 2 days ago that had 0 follow through, and ended up breaking 4H supports. Names like LTC, TRX, BNB are trading in a more bullish environment, and should thrive if BTC can shake the daily downtrend. But until then, bulls are quicker to take profit, and bears remain in positions. Watch for a volume spike on the daily as this will probably occur when this daily range from the last 6 days breaks.
COINBASE:BTCUSD
by TheChartGuys
3
BTC 4 Hour Equilibrium WatchBulls have established a higher low, and are trying to change the 4 hour and daily trends for the bulls. Keep daily EMA resistance in mind as well, which is sitting just above price level resistance, and slightly dropping daily. Nice defense by the bulls, the question is can they go on offense and get over daily EMA resistances. A weekly higher low will be set if bulls can turn daily EMA levels into support. Bears still have the upper hand, but nice to see the bulls at least putting up a fight! ETF proposal is back on the table, Fidelity custodian services set for March, let's see if the bulls can make Spring interesting.
COINBASE:BTCUSD
by TheChartGuys
1
BTC Bulls Try to Confirm 4 Hour Inverse Head and ShouldersThe 4 hour trend has changed with a higher low and higher high, but it was right into EMA resistance. The last 2 candles are currently not getting much follow through for bulls as we reject from EMA 12. If we are unable to turn it into support, we will have a daily inside bar to watch tomorrow. If the bulls are able to get over resistance, we zoom out to the daily and look for a lower high compare to $3,657 which is marked here on the 4 hour chart. On a fundamental note, as a fidelity user for stocks I am very interested to see how they incorporate crypto into their platform in March!
COINBASE:BTCUSD
by TheChartGuys
6