Bears Regain Control on All Time FramesLoss of supports after multiple daily rejections from EMA resistance.
We are following through with the bear breaks from a couple weeks ago, after lots of sideways trading.
There is a lack of support in this range for most names, as we look down to the lows.
Names like ETH are getting hit much harder than BTC the last 12+ hours.
short term oversold bounces look to hourly EMA resistance, then 4 hour, then daily... remember the "zoom out" game.
Aggressive bulls are looking for quick oversold scalp flips, Bears are very comfortable with market weakness.
Remember, if playing bullish against all trends on all time frames... odds are against you!
Cryptocoin
CAUTION!! Ethereum about to drop 28%!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Ethereum Is being rejected by important resistance levels!! Significant drop to come!!
BITFINEX:ETHUSD is down by more than 91% over the past 12 months!!. ETHUSD has been rejected by the 121 level and If it drops below 116.50, we are looking for another significant drop to the 83 level, thats another 28% wow!
From my experience stay on the sidelines or short sell!!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Decisive Moment on the Total Crypto Market Cap?The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important.
The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.
BTC Bulls Clinging OnBear break of the 4 hour higher low, but bulls attempting to buy the dip.
We are remaining in a fairly tight range for the last 2 weeks, but bears keep the upper hand.
Some names like LTC are holding up better than BTC, but without favorable correlation we dont expect them to get very far for the bulls.
Bulls will have to break the 4 hour lower highs on BTC in order to shift this momentum.
The only good news for the bulls is they are defending support and getting steamrolled on bear breaks.
Still watching daily EMA resistances as they continue to drop.
LTC, strong relative strength bode well for more upsideas shown in the chart, after the topping early this month, Ltc has steadily recovered its loss, with a clear horizontal support around 29. In contrast, other popular cyrptos, like ETH, BTC , were severely battered by bears. Trading volume of LTC appeared active, which is good sign in this bear market.
Should cyrptos rebound in February , It's very possible that LTC would very likely take the lead and stage a modest uptrend.
Finaly, we have met our target !!After a lot of waiting, the market has made us the favor of meeting our expectations. How ever this is still not amazing movement, I am expecting a little big of stagnation at this level, we could maybe retest the 0,315 support, before we head up into our next region which is 0,31900 / 0,32150, this is where I will sell a major part of my position. As I do see the price falling down more towards our 0,30800 trend line. If we do reach this target, I will be entering a major position.
Happy trading
BTC Healthy 4 hour consolidation BTC bulls holding strong after buying the bear break yesterday.
Healthy 4 hourly consolidation, but the bulls now must see continuation today.
If we break the high of the bull move up to this point, we will be back at daily EMA resistance.
My personal criteria remains that the bulls must break the daily lower highs by breaking $3,766.
A red flag for bulls would be a break of the current low of consolidation.
The difference between yesterday and recent bull moves was time.
The bull move lasted many hours as opposed to just a couple 5 minute candles.
This is the kind of sustained bullish action the bulls must see if shift longer term trends.
BTC Support Break into Dip BuyingThis morning we had a break of the triple bottom of support, in a 2 minute flush that then led to bulls buying the dip and defending support.
We are still watching 4 hour EMA resistance and lower highs for the bulls to prove they are going on offense to push the price up, rather than just defending support into further slow fading.
It is very clear for days now that bulls are defending support in this range.
A break of $3,569 the high of the bounce at this point, would be notable for a short term shift in momentum.
Otherwise bears keep control, and support will likely be tested again early this week.
BTC 4 Hour Range Tightens We had a daily inside bar break only due to the time change roll over,
But the details on the 4 hour show us we are just in one drawn out equilibrium.
Possible we stay tight today if we see slow healthy consolidation for another higher low.
Watching other major alt coins for potential signals and early indications.
For example, if LTC or ETH break bullish before BTC, it would increase the odds of a BTC bull break.
An environment for patience with the plays being to either wait for the break,
or wait until we are closer to support to bottom fish it.
Waves (WAVES) Is up over 165% since NovemberThe altcoin has benefited from a series of bullish announcements over the last month and a half.
BTC Daily Inside BarsTightening ranges on daily inside bars are we look for a daily lower high to be set.
With a bear break it will be set and we will have a new resistance level, the top of the bounce.
With a bull break we will test daily EMA resistances and be patiently waiting for the lower high to be set.
Bulls never got the 4 hour follow through with a higher low and higher high trend change, so the bears continue to keep the upper hand.
Potential for a 2nd daily inside bar to form today, in which case a break would be imminent tomorrow.
BTC 4 Hour EMA 12 Resistance WallBTC has rejected from this resistance 3 times now as it remains our guide.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen very quickly and are risky to try and time.
Even if we get over 4 hour EMA resistance, we will just zoom out to the daily and look for a lower high.
Bears are still extremely comfortable as we are currently about 10% from our recent weekly lows.
BTC Scouting 4 Hour Lower High Clear bear break yesterday has led to a slow grind bounce.
Looking for a 4 hour lower high to be set as the RSI slowly recovers from oversold.
4 hour EMA resistance on watch as it continues to drop down.
Short are likely to try and act on the 4 hour bear flag at some point today, we will see if bulls can defend support.
After the dump yesterday, sentiment in the space is looking to head back to recent lows.
Bulls need to be quick with their flips, bears have many time frame trends on their side.
BTC Bears Make Their MoveA flash flush last night taking most everything down a notch was marked by a loss of the 4 hour uptrend on BTC.
I honestly am surprised the bulls held up so long after their failed bull break attempt.
Now we are back to consolidation on the daily for most names, and bulls need to be cautious trying to buy dips.
The reason being, we are just looking for weekly lower highs on most names.
The bulls will need to regain the daily trend in their favor with higher lows and higher highs, in order to set a weekly higher low.
Many traders expect to drop back to test the BTC bottom, and shorts will comfortably be waiting to enter at hourly or 4 hour EMA resistance looking for a lower high.
BTC Bulls Still Grinding EMA 4 Hour SupportA 4 hour higher low formed yesterday, and we are still in a tightening range.
Another day where bulls are "fine" holding their ground, but also not proving anything in terms of strength.
Continuing to watch other coins like LTC for any potential lead indications.
Volume continues to be the key missing ingredient for bulls, which would need to stand out on the daily time frame.
Certainly a market environment to test patience. Bears are patiently waiting for a loss of the 4 hour uptrend to enter a position looking for further daily consolidation.
Note that even with a bull break we are still about 3% away from the high of the initial bounce.
Be skeptical of bulls, make them prove it, until we change long term trends.
LTC/USD Flirting with a trend line! SHS pattern in play !On LTC/USD we have reversal pattern (inverted SHS) which has been broken (neck line) and getting ready to climb higher. At the moment pair is breathing to the strong trend lines back (thich grey line). Until the price is above 35.77 is bullish until price will reach bearish Block where the pair can face a strugle. If price will manage to break and stay above we that would indicate a strong bulish scenario and a reversal in the pair !
BTC Holding EMA 4 hour support We dropped to a lower low on the 4 hour overnight, but the bulls bought the dip to maintain 4 hour EMA support.
We must see continuation to break the high of the bounce at this point.
Possible we just see continued sideways trading within this 4 hour channel today.
ETH weaker than BTC and LTC stronger. Keep an eye on LTC and other alts as potential lead indicators.
The bull moves are still not ideal for bulls. We want sustained uptrends and continuation. These little 5-20 min bull moves followed by lots of consolidation is not putting pressure on the shorts to cover.
Bottom line is bulls still have control but that have not been very impressive at this point.
BTC Looking for a 4 hour Higher LowBTC bulls broker the daily equilibrium bullish, but I must admit the fact that it happened in a 20 minute bull move and has not seen any continuation, is a red flag to me.
We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through.
This is still 5-6% away at this point.
ETH and LTC have both shown what a clear daily break and follow through look like.
Many daily inside bars potentially forming if we cannot see continuation to higher highs.
Loss of the 4 hour uptrend would be another red flag for bulls.
We are seeing the first daily EMA 12 and 26 bull cross in a long time, but again without breaking that resistance level the bulls do not PROVE anything to me.
[ETHUSD] BULLISH STRATEGYThe pair has reached a very important KEY AREA on the daily chart, but the main trend remains still bearish, we have already said that our TARGET for 2019 is around 540$ (see chart below), but now we try to understand how the trend could become bullish in the short term. Our strategy is very simple here, we expect a first rally above 192, and if we are lucky to see a pullback from this area, we will try to take a long positionaftery correctly calculating the entry area.
2019 TARGET
Why this strategy? Look at chart below (... and don't forget your Like! :) )
INTRADAY ANALYSIS
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ETH Potential 4 Hour Cup and Handle BTC remains in the daily equilibrium so nothing to update there until it breaks.
ETH bulls are positioned very well in correlation.
If this pattern follows through we should see a bull break into a lack of resistance over $160.
I personally have a stop buy set and the first thing I will do if it triggers, is ensure that BTC bulls are breaking bullish as well from the daily pattern.
The 2nd support level in the $144s is the more important level at this point to keep the bulls in full control.
Action should pick up in the sector later this weekend when BTC shows the way.
BTC Daily Break Imminent Day 8 we are trading within this sideways daily channel, and we know a break is imminent within a few days as things cannot get much tighter.
Zooming out allows us to smooth out patterns and skip some of the more choppy action seen on the 15 min or hourly.
How this channel breaks will significantly shift the odds as to whether or not we see continuation on the daily bounce and inverse head and shoulders pattern... or fade back to recent dump lows.
Pretty much the sentiment of January will begin to be dictated by the direction this channel breaks.
ETH continues to outshine BTC having already broken bullish with a much more favorable bullish correlation.
Great signal on the 4 hour holding a double low of support and breaking lower highs last night, while BTC continued to consolidate sideways on the hourly/4 hour.
BTC Short Term Ranges Tighten BTC is a bit of a 4 hour equilibrium the last couple days as we continue to tighten.
There continues to be tons of fake outs so stop losses on shorter term time frames will drive you insane.
As I said in the last video, this is an extremely difficult trading environment and stocks are easier than this.
To me, that means dont trade! Wait until conditions are favorable and the odds are in my favor.
The break of the 4 hour range will shift odds on the daily as the higher low attempt is in jeopardy.
I hope everyone had a good 2018. Lots of learning experiences for newer traders, and these are lessons we can apply to any market for the rest of our lives. I am confident the weekly trend will change bullish at some point in 2019, but you better believe I am not going to try and time the bottom!
BitCoin BTC/USD (2018 is a bad year for HODLer)View On BTC/USD (31 Dec 2018)
2018 was a bad year for HODLer.
Many aunties and uncles get burnt, chasing the hype of crypto. It was a hard lesson for them realize again that there is no such thing as Free/easy lunch.
Bitcoin is using $3,000 as a launch pad and it is trying to absorb sell pressure.
Take note of the strong resistant near 4,200 level. Once it is broken UP (only if), we have $6,000 as a good resistant.
And $6,000 level will be the Ultimate Resistant and it will be VERY HARD to break that barrier.
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