BTC Potential Bearish ChannelBTC on the 4 hour visual looks like a bear flag as we had a bull break o resistance and completely turned around bearish right after.
Still not liking the trading within this range... so we wait and do not trade until conditions get more favorable.
Sitting on our hands can be hard, but this is a great time to invest time into learning more.
People say "If I only knew then what I know now", well this is preparation for the weekly EQ break that is coming.
I will not likely make any trades again today, as the bulls have lots of proving to do to give confidence.
I will start to get interested in looking for oversold bounces on an $8k break though RSI levels will be important of course.
Lack of volume and liquidity is what allows of 1 min candles to shape the charts.
Cryptocoin
LTC Daily Bulls Held SupportLTC had more space before breaking support than BTC due to a stronger bounce as highlighted in the video yesterday.
We are now watching if BTC can change the trend on the 4 hour chart to put the bulls back in control, which would have the daily charts for ETH and LTC looking much better than BTC.
Still patient at this point, but establishing a game plan for two scenarios, BTC breaking $8k or BTC bulls forming a higher low and higher high on the 4 hour chart.
I have been placing orders for both ETH and LTC recently to spread out the bounce a bit.
Bulls want to close here or better to have a long lower wick on the daily, but lots of time still to go.
Last day of consensus and all about BTC and the clear 4 hour downtrend currently in play.
ETH Bulls Trying for a Daily Higher LowAs described in the video yesterday, BTC could drop to a lower low on the daily while ETH can hold much longer due to the size of the initial bounce.
This daily chart is still looking good for the bulls to remain in control, but we must be cautious if BTC breaks $8k support.
BTC changing the 4 hour trend back to the bulls would have ETH in a very bullish position on the daily chart.
ETH remains my play for bulls as it continues to have better setups and opportunity vs. BTC.
Consensus ends today so we need to be aware of any potential reaction to lack of news.
Still very patient as the 4 hour chart for BTC is not favorable for the bulls just yet.
Personally filled on a couple ETH orders last nigh just under $680, but took profit quickly and went to bed!
BTC Hourly Oversold Bounce, Likely Lower HighBTC saw a very weak and slow hourly oversold bounce start last night and get a boost up this morning on a big 5 min candle.
Zoom out to the 4 hour chart for Anti-FOMO as it is very clear we are setting a lower high after coming off a new low.
Still patient and watching for a potential break of $8k support to trigger some stops.
We will need a 4 hour higher low and higher high to change momentum back to the bulls on this time frame.
Last day of Consensus today and I will be curious to see if there is a "now what" bearish reaction.
Daily bear flag was confirmed, but the size of the lower wick on today's candle will be telling as to follow through or lack of it.
Personally just had a couple ETH orders fill and I took the profit last night to get some sleep.
Cybermiles: CMT CUBE RELASE - PROFIT = 35.67% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 35.67% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Cybermiles announces that it is fully compatible with Ethereum -0.46% blockchain with all existing and future Ethereum tools, smart contracts and applications will be able to run on CyberMiles,
April 27: Partnership Announcement] CyberMiles is pleased to announce a partnership with ChainedBox who provides mining machine solutions that support CBC points and IPFS but also home data cloud. In terms of network, ChainedBox is represented by 100 000 nodes all around the world.
April 30: SIG (Susquehanna International Group) one of the largest global investment mgmt. firms has decided to join the CyberMiles network as a validator node (super node) candidate. It has over $280 billion under management. The SIG 0.60% China is a VC fund with over $1bn available for investment.
April 30: Cybermiles announces CMT -0.36% Cube (aka the CMT -0.36% miner) will initially be produced exclusively by the CyberMiles Foundation to secure and stabilize the blockchain network. It will be produced and sold by theCyberMiles Foundation and only supports CMT -0.36% purchases.
May 2: Stocks Gazette states that Cybermiles has the potential to conquer the $2 trillion e-commerce sector. This is outlined as follows:
-The platform has a partnership with 5Miles that will see over 12 million users adopt its blockchain solution.
-The CMT network supports over 1000 transactions per second (TPS), faster than the Ethereum network.
May 4: EY Announces Dr 0.60% Lucas Lu (founder of Cybermiles) as one of the Finalists for the Entrepreneur Of The Year 2018
May 6: Cybermiles opens new office.
May 6: CyberMiles Supernode Candidates now confirmed. 10 institutions will run for the Cybermiles supernode campaign.
(NEW) May 7: CyberMiles was selected as the most promising project in decentralized financial services by audience attending the Global Blockchain Technology Expo.
(NEW) May 8: CyberMiles and Egretia will work together in the elaboration of HTML5 DApps. Egretia is committed to create a #HTML5 ecosystem, bringing the existing 200 000 developers and 1 billion HTML5 terminals into the #blockchain world.
(NEW) May 16: Cybermiles announces release of CMT Cube mining equipment.
The general uptrend in the crypto markets as well as the positive developments above have caused an increase in demand for the Cybermiles which has forced up prices.
ICON: ICON AND LINE PARTNERSHIP = 20.17% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 20.17% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
May 8: ICON announced a strategic partnership with Japan’s first crypto fund, B Cryptos. This is supported by Japan’s top venture capital funds, B Dash Ventures by Japan’s leading cryptocurrency exchange QUOINE, which will invest in various ICOs and cryptocurrencies.
May 11: ICONest, ICON's token launch platform is launched.
May 14: ICON and LINE PLUS, a global social platform with over 200 million monthly average users(MAU) worldwide, has co-founded ‘Unchain’ to build LINE’s blockchain network. Unchain aims to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.
Analysis suggests that increased interest as a result of the ICON and LINE partnership has generated interest and trading volume in ICON (ICX).
LTC Morning Laggard with Must Hold Support ClearBTC and ETH just broke their overnight equilibrium bullish while LTC still has hourly lower highs in place.
There is a double low of support in the $144s which is a must hold level, or the lack of support underneath will shift momentum to the bears.
Bulls are trying to gain 4 hour EMA support and see the 12 period cross the 26 bullish.
This has already occurred on the other names, so again LTC is playing a bit of catch up.
The news of Gemini yesterday gave LTC very nice gains but that hype appears to have worn off a bit.
Remember how LTC sees quick bursts of bullish action that can easily fade as we have seen time and time again.
I am more likely to lock in profit on LTC quicker than others on a breakout for this reason.
Currently all cash and patient.
ETH Battle for $740 ResistanceAfter rejecting from $740 3 times on the 4 hour chart, the bulls broke it last night and only held it as support for a few minutes.
We saw stop buys trigger and flash the price to $746 before immediately falling back below it.
It will be notable today if bulls can hold this level as support.
4 hour EMA 12 and 26 support and bull cross following through, and the bulls on the daily do not have the same EMA resistance like BTC.
Looking for the potential of a daily equilibrium to form once the bulls top out on this bounce as there is a wide range to trade within.
Lead bull Sunday, but slowed down yesterday as BTC and LTC played a little catch up.
Loss of hourly higher lows would be a red flag for bulls.
Currently cash and patient waiting for a more clear and favorable risk v. reward setup.
BTC Testing High of Bounce ResistanceBulls just broke from an hourly equilibrium that has been forming for the last handful of hours,
and now are looking up to the high that we have seen on this bounce.
The bulls are holding 4 hour EMA 12 and 26 as support, but these EMAs are also resistance on the daily.
Currently back to all cash and patiently waiting for a clear setup.
I am not losing sight that I would anticipate the weekly equilibrium needing a bit more consolidation before the higher low is found.
Some Consensus bullish news could change this, but I am always looking at what is the most likely scenario.
Personally sitting patient for more clarity.
LTC Bulls Hoping for Daily Higher LowAfter a brief 2 day bounce for BTC and ETH, we have pulled back hard and lost the 4 hour higher lows on both BTC and LTC (Not ETH)
We are looking for the bulls to hold this low and see continued recovery with hourly higher lows and higher highs.
If we break support we know the bears are back in full control as we get ready for 4 hour oversold conditions again.
If bulls continue this bounce with hourly higher lows and higher highs, we will be eyeing the high of the bounce.
We are also going to see increased volume today and the bulls must see a solid lower wick to associate a lot of that volume with bulls.
If we see a close near the low of the candle, it will be a lot of bear volume outweighing the recent bull volume on the bounce.
ETH Much Better Setups for Bulls Than BTCETH pulled back hard with BTC last night, but has way more wiggle room before getting to the low of the daily dump.
The bulls are forming an 4 hour higher low and remaining in control of the bounce.
From this position, due to favorable correlation, bTC could drop to a lower low and it would likely take a break of $8,000 for the ETH price to get back to the lows of the dump in the $640s.
I will personally be looking to play ETH this week as the gains continue to out pace BTC.
Bulls will need hourly higher lows and higher highs to continue on this bounce recovery, but cautious if BTC loses 15 min higher lows for the potential for a bear flag and continuation.
Consensus 2018 starts today but I do not expect any big market spikes without some unknown news.
BTC Potential Daily Bear FlagWith the start of Consensus today, many are expecting bullish action during the event.
Currently we are still seeing bears strong with the flush last night.
Bulls held the low of the dump, and are trying to form a higher low to recover.
Potential for a 15 min bear flag this morning and we have to be cautious of how much faster bears make their move than the bulls.
If we drop to lower lows the bears will still have complete control and it will be the most bearish setup during Consensus in a few years.
Bulls need an hourly higher low and higher high to change the trend back in favor of the bulls trying to recover.
Loss of 15 min higher lows will increase odds that it is another bear flag.
Currently all cash and waiting for a clear setup.
ONTOLOGY: LISTING ON UPBIT = 26.57% PROFIT!!! IN 24 HOURS!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 26.57% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments i including:
April 24: Ontology is ready to release its new consensus algorithm VBFT after the release of its first batch of open-source projects on GitHub. VBFT algorithm combines Proof of Stake VRF and Byzantine Fault Tolerance . This allows consensus to be reached among nodes faster and more efficiently and is a substantial advancement among current consensus algorithms.
April 25: Ontology (ONT) releases their IDE integrated development environment), Smartx.
April 26: Release of a number of official Telegram groups including those in: English, Chinese, and Korean. Community run groups include those in: Spanish, Italian, Dutch, Vietnamese, Turkish, Japanese, Russian, and Cantonese.
April 26: Release of Ontology v0.7 and Public TestNet (code named: Polaris). This includes numerous updates including: CLI module, WebSocket subscribe function, event push filter, new Wasm APIs, smart contract pre-execute, interoperability across VMs, NeoVM v0.7 and Doc. Center.
April 27: Official publicised Launch of Smart X. This enables users to program, debug and deploy smart contracts on testnet. It supports NativeVM, NeoVM and WASM smart contracts in C# and python. There are plans to add further programming languages in the near future.
April 28: Ontology open sources it's VBFT protocol which offers massive advances over PoW and BFT protocols. This protocol is expected to resolve all pproblems to do with scalability and large amounts of electricity. Open sourcing will allow Ontology to further develop of its VBFT protocol and to increase interoperability with a number of different DAPPs and potentially with different blockchain protocols in the future.
May 1: Smart contract capabilities of Ontology are publicised in Neo News Today. SmartX are supported by the platform are NeoVM-based C# and Python, although Ontology have roadmap plans to include Java, Rust.
May 2: Ontology is at the Smart Economy Expo at the European Parliament in Brussels.
May 3: Upbit (Korean Exchange) lists Ontology.
May 3: Korean Exchange Upbit notes that it will give 5% of $ONT holdings to customers who hold ONT coins at the time of the snapshots.
(NEW) May 3: Ontology announces a strategic partnership with NAGA with the intention to bring the Ontology infrastructure to the massive financial technology markets.
(NEW) May 8: Ontology announces the Triones Membership System. This aims to support a combination of multiple blockchain networks based on support for a single blockchain network economic model.
(NEW) May 11: Security Giants Baimaohui and SlowMist Join the Ontology Co-Builders Program. This aims to provide security audit services, support the development of public chains, and promote safe, secure, and reliable blockchain infrastructure.
It has been noted that almost all of trading volume (100%) for today is coming from overseas exchanges (mainly consisting of Chinese and Korean exchanges). It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
$LTC - Litecoin DailyCorrections galore over most coins in the market and Litecoin is no exception. Small signs of a possible trend reversal as Litecoin may be meeting support at the 50 period moving average near 139, an the BB% shows a slight uptick. We are also at or around the lower Bollinger Band so some support can be expected. We still need to wait another 24-48 hours to confirm we are near a trend reversal so eyes need to be kept on this if your looking to invest.
$ETH - Etherum DailyAnother correction period for Etherum as it has had a great run the past few weeks. It has finally pulled over the 50 period moving average and kept the run, though as everything goes up a correction eventually comes. Etherum though has started to slow a little bit. The Heikin Ashi candles are getting smaller, though still below the 20 period moving average and the BB% shows a slight uptick. Bearish volume right now has slowed, but there is still a chance the correction may continue. May be a false signal of a trend change, but we will have to wait another 24 hours to see if it does.
If the correction continues, first area of resistance would be near 613 by the bottom bollinger and if it continues to drop past that, the 50 period moving average would be the next support area near 562. If the trend does change, first area of resistance is near 706 then 813 before another possible correction. These values can change as the support and resistance can changed based on averages.
$BTC - Bitcoin DailyI have not posted in awhile due to a busy life the last week or so and the market overall seems to be in a corrective state, however i believe for Bitcoin the correction may be coming to an end within the next few days.
Bitcoin is right below the lower Bollinger band and the Heikin Ashi candles are starting to shorten a bit. The BB% is oversold and shows some minimal signs of life. We are still above the 50 period moving average which is a good sign and over the last 48 hours have seen support at this point. Bearish volume is starting to drop itself. Still need to watch the trend though historically on the BB% indicator when Bitcoin has entered the oversold area we have seen a bounce. The degree of the bounce is yet to be determined, first resistance would be near 9200 by the 20 period moving average then the top band near 9800. Once we see a positive trend change, which using Heikin Ashi would be at least two good green candles, keep watch for a possible rally soon.
BASIC ATTENTION TOKEN - 24 HOURS = 16.14% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 16.14% PROFIT!!! IN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
February 24: HowToBasic (Youtube Personality with 10 million subscribers) becomes a verified creator with Brave.
February 24: and Bart Barker (Youtube Personality with 20 million subscribers) asks his audience to download Brave.
March 2: Basic Attention Token announces a million dollar referral program allowing Twitch streamers can earn revenue with the brave browser and BAT!
March 20: Basic Attention Token announces Batify extension for Google Chrome.
April 4: Brave for Android is nominated for a #webbys People's Voice award.
April 14: Brave hits 2 million Monthly Active Users and Distributes Million Dollar BAT Referral Program to Content Creators.
April 14: Brave added to all desktops at UC Berkeley, Open Computing Facility (OCF).
April 19: Announcement that the Basic Attention Token, the creators of the Brave Browser have secured a partnership with the Dow Jones Media Group (creators of the Wall Street Journal) to provide access of two years of free access to its Barrons.com website or to a premium MarketWatch newsletter. This is believed to change the online advertising landscape and one of the first validations of blockchain tech into online advertising.
April 19: It has also been reported today that Dow Jones Group has begun testing of Brave Software to replace it's reliance on online ads.
May 4: Brave announces partnership with Town Square Media to monetize ad-blocking traffic and test blockchain-based digital advertising.
May 12 : BAT/BRAVE Open New Office in London, UK; Presentations in Singapore and South Korea.
May 12: BAT nominated for Best Project in the Crypto Influencer Awards
Analysis reveals that a combination of these developments together a broader recovery in the broader cryptocurrency markets has led to increase in the price of Basic Attention Token.
#EOS Im long, the bears lose! 25 % profit possibilitiesHello again my friends, I was asked again if I could help one of my discord members, he asked if I could help him with an EOS chart :)
Here`s what I call a safe trade, let's see how this plays out over the next week with only 3% risk on investment and opportunities up to 25%
I have today received a number of new indicators that I will try out for mytradingscripts.com
So let's try these a few days and I'll send an honest return message on how I think this script works :)
We have recently received alerts from the trend alarm that we have returned to a new bullish trend, as we look at the alarm bar. We have received a steady rise in prices even though the bears tried to pushe us under the fib level. We clearly see that we now find support around 19500 which is fib level.
Rsi in 2 hours the chart is in the middle of the bar which is a good starting point when we start a new run when we get volume, remember that most of the altcoins follow btc.
My mission is to help as many as possible to get better in the market, gladly join the new discord community I'm trying to build up, with news, charts and basic TA for those who wish to learn that, you are welcome. discord.gg
LTC 4 hour RSI Oversold. Bounce WatchLTC 4 hour RSI similar to BTC as we approach historic bounce levels in the low 20s.
Watching for the potential of another flush down and climax to signal the bottom being in for the morning.
When the bounce does begin playing out, we will need to be cautious of a potential 4 hour bear flag if RSI cools off.
This has been a tricky trade that requires a lot of patience and maneuvering.
I am personally playing ETH on this bounce, though LTC gains will likely be greater than BTC so others choosing LTC is a bad idea.
I will explain my trade maneuvering and positions in depth in a mid day video today.
ETH Bounce Watch with BTC 4 Hour RSI LowETH is on bounce watch with the rest of cryptos while we look for BTC to set a bottom this morning and see the 4 hour oversold bounce.
The tops are in on the weekly charts to set lower highs, and daily consolidation is likely for the next week+.
I personally have been very active on this dump last night into this morning with entries, scaling out small profit, re-entering the next leg down, etc. I currently have an ETH avg of 707 with about 40% cash read to add if we drop to the $670s with another leg down.
I will go over this strategy more in depth in a mid day video today.
For now we patiently wait as the odds of a climax, V-shaped bounce appear more likely before our bottom is going to be set.
BTC 4 Hour Oversold Bounce WatchWe are looking for a low to be set today and for BTC to bounce from 4 hour RSI in the mid to low 20s as we have seen many times in the past.
Scaling into entries at this point with cash on the side to add another leg down is the strategy.
We will be watching for either a flush climax kind of bounce, or a change in the hourly trend to indicate a bottom is in.
All last night we have gotten oversold short term, bounced to see bear flags cool off short term RSI, then a drop to lower lows.
Scaling in slowly, keeping cash to average down, and locking in small profit on the bear flag bounces has been the strategy to manage entries and prevent from being all in with no game plan if we continue down.
I will go over this more in depth in the video this afternoon.
LTC Weakest of the 3, testing supportsLTC currently at 10 hour lows while ETH and BTC are not close to being in the same position.
ETH and BTC are grinding EMA 12 and 26 hourly supports but LTC is currently losing them.
Still 4 hour lower highs, which the other two bulls already broke as well.
Bulls still struggling to hold their own in comparison to the others.
We now have a double top in the mid $160s to be watching for the bulls to break for continuation.
We will be looking for a daily lower high sometime in the next couple days.
ETH Hourly Higher Lows on the HourlyETH bulls continue to hold the lead of the Big 3, slowly grinding higher.
EMA 12 and 26 supports on the hourly are keeping the bulls in control.
Lose hourly higher lows and we will look for 4 hour consolidation and a higher low.
Bulls in positions are comfortable with the hourly trend, but bulls looking for an entry dont have the best risk to reward from this position.
The 4 hour chart has had slim to no consolidation since the bottom of the pullback about 34 hours ago.
Looking for a daily lower high to be set within the next couple days.
Patient with the daily range in focus if wanting to remain patient.