Cryptocurrrency
LTC Clear Tightening Pattern4 hour descending triangle continues to tighten.
ETH in a similar pattern but much closer to breaking downtrend resistance.
Looking for a clear break of this range sometime in the next 24 hours.
Bulls have slight momentum but still have these key resistances to get through to give convincing movement and confidence.
[FLO/BTC] Altcoin 7:1 risk rewardFirst thing to consider is the volume of this coin, therefore the size of the position - it's a smaller coin so you should watch for 5 figures orders, you might get stuck.
A week old up trend has just formed and the Stochastics show it's extremely oversold and also it approaches a very solid resistance drew by fibonnaci's retracement.
Wait for first candle to close above the support and set a buy order 1000 satoshis above it, if it fails to bounce you're safe. Watch closely because it might bounce a little before too.
BTC possible hourly Bear FlagYesterday the bulls spent all day building support, seeing higher lows and higher highs, and a 4 hour bull MACD cross.
We then saw a bear attack and a fast dump last night, potentially from the WSJ in the US being very late to the game but reporting on the Chinese exchanges.
We are back to the bears in full control, and the bulls trying to cling to freshly established supports. $4,000 would be next.
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[BUY SIGNAL - 15:1 RISK REWARD ] OmiseGO/BTC Ascending TriangleThe pattern is formed backed by a strong up trend(short, middle and long term), plus the rumors about china ban are being "cleansed" and the whole market is stabilizing and ready to go back to it's strong up trend. Also the ATR shows a good chance of a sudden and strong movement - so a good risk:reward can be achieved in a rather safe trade judging on how loose you go in your buy zone.
NEO Breakout NEO bulls were just waiting for some confidence the low of the fear dump was in, and news provided the catalyst.
Caution of overbought conditions as we consolidate.
News breakouts are a great opportunity to flip and reload more coins.
As I write this hourly RSI is still mid 80s as we form a bearish reversal spinning top candlestick, though still 35 minutes until the close.
Looking for the daily chart to start a new uptrend with a higher low forming on consolidation.
ETH Hourly Bull Flag attempt. Very healthy consolidation but the bulls rejected on their attempt for continuation.
Cautious up here as we are looking for consolidation on the 4 hour chart to begin after a very bullish move overnight did not see much consolidation.
Target of low $340s +$10 hit from the video last night.
Very telling next hour watching the current consolidation range as our guide.
LTC hourly Bull Flag AttemptBulls close to a breakout from the bull flag but were rejected, having us cautious. Need to break 80.66 for continuation.
Watching for a daily equilibrium pattern which would mean a lower high being set today.
Still the lead bull in terms of gains from the bounce, as well as the first to break the high of the bounce yesterday.
BTC Hourly Bull Flag AttemptBulls had a great night after breaking the high of the bounce previously set, and seeing strong continuation.
The 4 hour bull MACD cross gave the bulls confidence for continuation.
Scouting for an equilibrium pattern on the daily which means a lower high forming sometime this morning/afternoon.
LTC Bulls the StrongestVery strong recovery compared to the BTC and ETH.
The correlation is strongest with ETH but there is much more resistance on the ask for the bulls to work through in ETH.
Bulls are quicker to buy the dip in LTC than other names after coming off that huge run towards $100 recently.
Loss of hourly higher lows is a big red flag but the bulls are currently comfortably over the last higher low.
BTC Still Trying to BounceWe were anticipating a higher low on the hourly overnight, which we got, but there was more bear volume than bulls would like.
It has been a slow and steady recover since then, as the bulls have their sights on the high of the bounce.
Very cautious at this point and a break of the hourly higher lows will indicate the bears are back in full control.
Currently cash and cautious after a little ETH flip this morning.
LTC 15 min EquilibriumStrong correlations back among the sector.
Watch BTC same 15 min pattern for clues as well.
No bullish entry without a break of the lower highs.
Clear setup breaking in a few hours will dictate direction on the day.
Patience!
ETH 15 min EquilibriumBeautiful clear equilibrium as the bulls look to find range after the dump.
Bullish entries on the breaks of lower highs.
Watching BTC in the same pattern as the sector leader.
Patience while the pattern tightens and develops.
BTC 15 min EquilibriumHigher lows and lower highs, tightening range as the market finds its footing in this new price range.
No bull entry for me without a break of these lower highs.
Looking for a break in the next few hours to dictate direction for the day.
BTC leader, ETH and LTC to follow in my opinion.
ETH Healthy ConsolidationBulls in control but still multiple resistances under $400 psychological.
If the bulls can break the correlation to BTC when BTC begins to consolidate, I believe we will see a run at all time highs in the next week.
In order to break the correlation, a surge in volume will be needed.
Always watching the correlation as a rejection of BTC from $5,000 is anticipated.
BTC Blue Sky BullsAll time highs continue as the bulls are seeing healthy consolidation on the move, with little signs of weakness.
Cautious as we approach $5,000, I would anticipate profit taking and a rejection on the first attempt.
Trend line and consolidation supports to watch on the chart, also use volume for clues.
Walking stop losses up to protect profits.
Does XMR (monero) got enough feul to stay in the channel?Does XMR (monero) got enough feul to stay in the channel?
