Ethereum Long Trade current $294.00 5Oct17We are off to the races. Even better risk to reward now R:R 6.48 1
(Wonder if any of you even noticed this break, in spite of my advanced advice or will you just react after reading this post (come on be honest are you just checking the chart?
It's vital that YOU stay on the ball not wait for posts... )
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Cryptotrade
Bitcoin Short for Our Bear Friends current $4181.93 5Oct17We don't want to leave our Cuddly Bear Friends out, so here's a short-term play for you Grizzly Growlers.
R:R just over 2:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Ripple (XRPUSD) has hit Target 1, now in profit current .2245 5ORipple has hit Target 1, now in profit. Next step, Target 2
For those, wishing to know whether you get in now you always need to evaluate for yourself your Risk to Reward.
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Bitcoin Upside? Really? current $4215.01 4Oct17Knowing the current BEARISH SENTIMENT that is vibrating amoung Crypto Traders I'm probably going to get lynched publishing this.
However, I have to tell it to you as I see it. My view remains Bullish (Medium Term ie several days out) and we are set to challenge the ATH (All Time High).
There is a good chance that we will break this Top if the momentum and buyers setup in with power.
Can we have a pullback? Yes, all healthy no drama there.
We have room for a pullback without affecting this analysis as we have had several green upbar days, so a few red bars are welcome
Needless to say if structure breaks then we need to reassess but Support and Resistance price areas I have shown so you got a RoadMap.
Reminder:
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
90% of traders are fooled 90% of the time.
Remeber in Trading101 School: "THE TREND IS YOUR FRIEND"
THE MONEY IS TO BE MADE TRADING WITH THE TREND NOT AGAINST IT.
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Ethereum Pennant Trade current 294.86 4Oct17Ethereum is currently in a Pennant and looking to break out.
In order to take a Long entry, I would wait for confirmation of an upside breakout out of the Pennant
R:R 3:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Bitcoin Caution current $4,280 1Oct17It doesn't mean to say the upside is over but just be cautious as the Bitcoin chart is giving us mixed signals, which we must not ignore.
Price is going up but momentum is moving down (divergence). Now if price continues up and breaks above this ascending wedge and momentum follows higher we continue upwards.
That doesn't mean to say gloom and doom as I always advocate:
TRADE WHAT YOU SEE NOT WHAT YOU THINK
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Hunter Coin Long current 0.11313 1Oct17If it can break out of this consolidation pattern we could see some significant upside.
On a lower time frame its showing positive signs.
It's a good coin to try trading cryptos as its inexpensive. Risk Reward over 3.5:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Bitcoin Fine Tuning - A CloseUp Look current $4187.28 29Sept17Some of you are asking for a "fine-tuned" perspective of Bitcoin as you are looking to SELL now.
Here is my perspective from a closeup view of a Daily Chart. We are still moving in an Up Channel and an Up Trend.
There are NO SELL SIGNALS that I can see. Remember what I always say TRADE WHAT YOU SEE NOT WHAT YOU THINK.
To make things simple for you all here are the prices from both up and down perspective:
R2 Resistance 4400-4500
R1 Resistance 4200
S1 Support $4000
S2 Fall support 3500
Of course, you play this how you want to depending on your own independant view but I am remaining disciplined and still shooting for Target and sticking to My Plan.
Hope this helps,
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up my valuable time providing analysis to you please respect that I am providing it free of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please don't disrespect me or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Bitcoin Bull Channel current $3927 26Sept17PLEASE TAKE THIS INTO ACCOUNT WHEN YOU READ ANY OF MY ANALYSIS
Here is the Up Channel we appear to be working in (for now) on Bitcoin.
Now, to be a valid trendline it must touch 3 points.
We only see it touching 2 points, so this means they are unconfirmed trendlines but what this gives us are upper and lower price points to be tested.
Points to note regarding this Channel:
1. it's going Up and the top is expanding outwards so long term I remain Bullish Bitcoin and Altcoins in general
2. The recent pullback is healthy in an UpTrend
3. 50% on any chart is a tipping point. The Bulls and Bears are currently battling it out for control at this mean level
4. I have told you in my analysis we have heavy resistance going up and at this 50% level we certainly do have resistance
so yes it can fail and push down so my advice is to trade small
Now if you use Candlestick charts we have a thing called wicks.
Wicks can break through the Channel but when doing analysis it's the body of the candlestick which is of
more important because that's the majority of the price action "battle" between buyers and sellers for that bar
NOTE MY ADVICE TO YOU:
As an Investor, this remains Bullish. As a Speculator, you must decide what TIME-FRAME you trade.
If you can withstand the ups and downs then my view is bullish but you need to accept and know that your money management can stand the volatility on lower time frames.
I am a medium/long term speculator and an Investor, so my analysis is biased to big movements that's what my trading style is and where I make great money.
Finally, having qualified the above on how I trade teh crtyptos, as you know I do post short-term trades but I always give specific stop loss, entry and targets to protect our capital.
PLEASE TAKE THIS INTO ACCOUNT WHEN YOU READ ANY OF MY ANALYSIS
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up my valuable time providing analysis to you please respect that I am providing it free of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please don't disrespect me or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Is NEO about to break out?NEO is moving in a downtrend and reached a critical point at which it might break out. The price already tested the support at 18 USD and is about to reach out for the trend line resistance.
Scenario A
When the price breaks through the trend line resistance, check for a possible retest. If the trend line is confirmed as support, the price should move up towards the 38.2% fibonacci retracement. But keep in mind, on its way up it still needs to pass the indicated resistance channel.
Scenario B
The price could get rejected by the trend line and retests the support at 18 USD. If this happens, check for a possible rebounce. Scenario A repeats in this case. If the support won't hold, the price could test the support at around 13.5 USD or even reaches out for the 10 USD support, which would be the worst case and is very unlikely to happen in my opinion.
Happy trading!
[BUY SIGNAL - 18:1 RISK REWARD] QTUM/BTC Crucial levelAs we can see we have a very long trend crossing perfectly the shorter and faster up trend. considering that the RSI is moving up and the MACD shows a cross and a movement up can be seen forming. This is also a good trade for a mid/long term position.
Watch zones and sell targets are every Fibonacci level, but my guess is that it's going all the way up. Observe the price action on those areas and you're golden.
BTC Bulls Waking up this MorningA bit of bullish action overnight but still work to do with a couple resistances nearby for the bulls to break.
We have a green day forming, trying to confirm our higher low on the daily has been set,
but we need to see further follow through and breaks of these highlighted resistances.
We continue to see "attacks" from bears about this China news as last night some websites were forged trying to make it seem the ban in China was official.
This lead to dumps in Chinese exchanges that quickly bounced as photoshop was exposed.
pbs.twimg.com
Bulls are trying to put this news behind them and recover, as it continues to get priced in over the last few days.
[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.
NXT possible Trend ReversalsYou might know NXT, but one thing is sure you will do at some point, if you are in the business of cryptos. I wrote a lot about this coin, and yes we had some bad periods, which was bad. BUT everything have a BUT, and if you are holding NXT, you will receive IGNIS, let me explain.
Ignis is the first child chain token of the Ardor platform. The IGNIS token will be used for all functions currently implemented on top of Nxt.
Existing Nxt holders will receive 0.5 IGNIS token per 1 NXT held at the time of the Ardor Genesis Snapshot.
Alternatively, you can obtain IGNIS at a better rate by buying JLRDA tokens in this crowdsale.
For 1 JLRDA token you will receive 1 IGNIS token at the time of the Ardor Genesis Snapshot.
Both technical and fundamental this is a very possible trade, The long-term MA(300),(600) is way below normal condition, which is very positive for a long buy, when the price at this moment is significant low. The MA(100) has a strong down trend, but for me the trade is rock solid, we will se a 2 week uptrend in the NXT, and when the ardor snapshot released you will get your IGNIS, here is the ICO for ignis
If you believe more in ignis than NXT you can buy the token JLRDA and with the get 1 ignis for 1 JLRDA, but you wont have any NXT. JLRDA is just the token for the project.
Ignis ICO Schedule
Dates JLRDA tokens for sale Price of 1 JLRDA in NXT
Aug 05 - Aug 12 60,000,000 0.40
Aug 26 - Sep 02 80,000,000 0.55
Sep 09 - Sep 16 100,000,000 0.76
Sep 23 - Sep 30 100,000,000 1.05
Oct 07 - Oct 14 up to 100,000,000 1.45
To minimize risk you can Change 90% to JLRDA and it is possible that your 0.76 NXT investment is worth 1.45 NXT - OCT 07
First round of 60 M at 0.40 NXT sold out, 24 M NXT were collected and fully converted to 676.71 BTC (approx. €2.5 M)!!!
Second round of 80 M at 0.55 NXT sold out, 44 M NXT were collected and are being converted to BTC.
Third round of the IGNIS Token Sale starts Sept 9th, 100 M tokens will be offered, at 0.76 NXT each!!!
Ripple 2nd Entry Long current 0.22849 6Sept17Our previous Ripple trade got stopped out.
We'll try again. Risk Reward roughly 3:1 (2:89:1) - T1
There are higher targets T2 and T3 which will yield higher rewards for the same risk if you feel confident.
Sean Vengan
Professional Cryptocurrency Trader and Trading Educator
ETH 4 Hour Uptrend SupportThe correlation to BTC took a lot of bull momentum right away from ETH which has happened a couple times in the last couple weeks.
Bulls need to break $343, the high of the current bounce, to see continuation of recovery.
Another reminder why we always need to be watching BTC no matter what we are trading. Lose this support line and we will look for More significant consolidation.
ETH ConsolidatingETH correlation with BTC has the bears in control last night.
Recently it appears the correlation is present over 90% of the time, so it is hard for the bulls here to gain attention as we are still 30% from all time highs and BTC has much less in terms of resistance.
Without news or some other events to break the correlation, ETH remains at the mercy of BTC.
I personally will always look at BTC when analyzing ETH as well. Seeing BTC is still healthy on the 4 hour and daily, is a good sign for ETH bulls.
BTC getting tight on the hourly Attention is on ETH but as we see ETH consolidate from very overbought hourly RSI levels, we could keep an eye on BTC here for a potential bull break and 4 hour bull MACD cross. No entry without bullish momentum in my opinion. Currently all cash and watching for sighs the bulls are showing up.
NEO Key resistance test approachingAfter 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look for a lower high on the daily compared to the all time high, and an equilibrium pattern to develop. I will be back to highlight this if we get the break!
Monero XMR LONG 25 July 2017Monero (XMR) is threatenng to break out on the upside.
There is heavy support for it hear from the Inchimoku indicators and the moving averages
This represents a good BUY opportunity.
Hope that helps,
Sean Vengan, Cryptotrading Mastery
Professional Cryptocurrency Trader and Trading Educator