BITCOIN after key break over 5000 starting to flag for next runAfter key break over 5000 on daily chart we are setting up for a pop intraday on the 15minute chart.
Gdax
Bitcoin testing our patience either way look here! Well Korean volume has dried up so no excitement in the market even though Goldman Sachs has come out to say they are going to embrace bitcoin!
Lots of positive news out there yet the market is kind of dried up and in consolidation phase! Hope no one bans ICOS again lol this will again cause a huge dip in this market! I am kind of bullish for the fork as people would want to get out of their alt position just to get those free bitcoin gold coins I think! Here's to hoping!
Another BTC Bear Div on 4HRWe're rapidly re-approaching the point from the end of the last bull run when you could just toss TA out the window. But for now, here's yet another Bear Div in the making. We're been overbought for a while so a correction should be in the cards but it's Bitcoin, so... who knows.
- @BrightGoldCrab
ETH Adam & Eve: Another LookHere's another look at those Adam & Eve fractals on $ETH. In addition to the 12HR candle patterns being nearly identical, the MA Exp Ribbon's (lots of EMA lines) behavior appears to be basically exactly the same too. We could be looking at a hard drive to 500 and beyond.
– @BrightGoldCrab
Big Ass Rising Wedge on BTCBitcoin is super bullish right now so this might not play out but it's relatively textbook looking. Will prices plummet? Tune in next time on #CrabCalls, the show that answers the question: can a crab trade? (instead of chowing down on sea animals that have already been dead for months or more.)
- BrightGoldCrab
Head & Shoulders / $BTC / #GDAX / 4HRNot much to say here. Almost perfect head and shoulders on the 4HR candles over on GDAX. For what it's worth, Stoch RSI has also just topped out and begun reversal. Check your bullishness for at least another day.
LTCUSD bear flag on hourly chartStill looks like some weakness into the night. We are seeing bear flags on the hourly charts in ETH and LTC . Think we retest lows here and can get a good day trade out of this into the morning.
Just some basic resistance and support trendlinesIn order to keep the uptrend from this point in time we must not break the red line (1), it therefore must act as a new solid support.
The uptrend that starts from 38$ looks very steep though.
We might get a chance for a cheaper buy at around 45, before we continue.
Nevertheless, now seems like a good window of opportunity to start buying in with some parts of your capital
Trend idea- possible trend decision timeline
->MACD's look like they are at a critical point aswell, after they have been in a tight range for a long time
-300$ has been a High with 2 big inverted hammers, signaling that the price was rejected quickly.
-we have had a quick run up to 316 and after bulls got exhausted we immediately dropped to 300, signaling another confirmation for price ( red hammer candle after the green one)
-the market doesnt seem to be accepting anything highger than 300 § for a pretty long time (2 of 5 days of the initial big spike from 220§)
->considering this the next 4 hourly candle will more likely direct the trend downwards to the red trend line, otherwise we would need a big spike in volume.
You can easily confirm this by zooming out and taking a quick look at the overall decreasing volume
-when you zoom in into 5. august (T-5) you see the First volume-trend-line decreasing
-Zooming in into the 8th of August and drawing another volume-trend-ine shows a steeper line, which indicates volume decreasing more quickly than during the rest of the upwards trend
LTCUSD - Is $34 a good entry point? Looks like the pair LTCUSD will touch $34 - previous resistance level or support level in the next 2-3 weeks.
For double confirmation of this level, observe how far shadows from June 26-27 went down. If price passes Fibs 0.236 there is a high chance that pair will consolidate at $34.00-34.50 and form the bottom. Also include Gann Fan and you will have strong uptrend channel.
To insure our positions, besides the $33.92 buy order, we’ll also place buy order at the $37.33.
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. Thus, be careful with your trading decisions.
Regards,
Cryptocurrency Fund L.P.
Projection: Etherum >$550 by End of July 2017I do not believe ETHUSD ever left a long-term bull market, but experienced a large retracement within its macro bull trend. The last fews days became very interesting when watching the 1-Day Chart because we had been smoothly coasting in an ascending channel since the bull run initiated ~$6.00, but teetered close to dropping out as we testing the support line.
Two critical conditions met at the exact same time in which the market rebounded to confirm continuation of a long-term bull market.
-- The price bounced off the Ascending Channel Support Line
-- The price bounced off the 50% Fibonacci Retracement Line
Also, to help confirm a reversal of our retracement are a pair of Tweezer Bottom Dojis that may help determine the end of a downtrend.
We are now healthily back within our long-term ascending channel and running a Fibonacci Extension using ATH -1.06% and the bottom of the retracement sets a current target price ~$550 that I hope to be reached by the end of July 2017.
With ETHUSD Recent Woes, is LTCUSD Poised for a Breakout?...I think so. With ETHUSD getting rocked pretty hard yesterday with the GDAX Flash Crash, it would be safe to say some investors have pulled to the sidelines and are still licking their wounds. With that said, I could see ETHUSD retesting 350ish over the next or so and from their it gets dicey once again. This is why I'm currently looking at LTCUSD. Those recently kicked in the teeth by ETHUSD, may be looking to shift their capital elsewhere.
Taking a look at a 15min, 30min, Hourly and 4 Hour charts, they hall have bullish Squeezes. This is in conjunction with price coming towards the end of a Bullish Wedge. I'm looking for price to retest it's recent $50 high.
Jared
COINBASE: ETHUSD Charts Forever Useless w/ June 21 Data IncludedCoinBase:ETHUSD charts are now forever messed up because of the CoinBase/GDAX feed and the ETH "liquidity" / processing delays of today, June 21, that led to this event. I wonder how many ETH panic sellers CoinBase/GDAX screwed-over as Bids dried up or were pulled, and who was the genius who left a Good-til-Cancel Limit Buy Order at US$13 on GDAX, for what Quantity? CoinBase/GDAX themselves?
The ETH network has been unable to process the transactions timely and too many ICOs pricing in Ethereum. Those ICO recipients won't hold everything in ETH, if it isn't a stable store of value. This is undoubtedly part of the downward pressure on ETHUSD price. This liquidity issue will be bad and hurt ETH, it may help BTC, unless they hurt themselves by messing up the SegWit2x/UASF/BIP148/Miner-Vs-Ecosystem conflicts.
Diversify your holdings of Digital Assets is my recommendation if you are a HODLer or long term investor. If you are a Trader, welcome to truly "Free Markets". You are on your own. And IMO, no, Stops will not Protect you. It might have been Sell Stops that CRaShEd ETH down to $13, because CoinBase and the ETH Network couldn't keep up with the volume of transactions.
Edit to add news article link: Here is one article link: www.coindesk.com
BTC Just watching Support and Resistance LinesI feel safe and bullish inside of this wedge. No idea/watching/waiting for what happens outside of it.
BTC Short on the 4hSpotted some (what I interpret as) bearish divergence, as well as bear flags passing through lower and lower support. Looks like it might ride through this channel to what I see as decent support near 1900. Will trade the spikes on the way down.
ETH USD not done yet!Looks like we've had some correction over the last few couple days, but I think we have some bullish divergence forming and new bull pennant (yet again) forming. We'll see how this plays out and would appreciate some feedback, a bit new at TA and my first publish. Thanks!
Bitcoin BTCUSD to $2573.95 on GDAXVolatility funnel.
Volatility decreasing, as measured by Average True Range (ATR). On Balance Volume (OBV) increasing over same period.
Bitcoin to bamp?
