I am looking at both ETH and BTC both could possibly close above an important resistance level. Here you BTC testing the zone between about 21530 and 21600. I would really like to see a close onthe 4 hr or daily above 21600 and this would show that we may have a short term rally to the upside around 22600 or higher
I am looking at both ETH and BTC both could possible close above an important resistance level. Here you see ETH wick to a higher high since 8/19. If ETH can close about about 1647 on the 4H we could see a slight move to the upside. Let me be clear that I am overall bearish on the market right now but could take advantage of a possible short term upswing if the...
You can see ETH consolidating right here and testing the 1860 range a couple times. There is alot of buying pressure here. In addition to ETH breaking out of the descending channel and confirming two candles on the 4H time frame I have reason to believe that we will see some upwards momentum. I will be taking a long position at 1860 with a tight stop loss around...
Peep the yellow arrows we may do something like this or just simply breakout of this 1950 resistance in a moment, hopefully we see 2150 tonight!!
Originally thought we would "Coil" a little bit longer but the bulls pushed through support at 1950. I do believe we have another leg up but we may retest that 1950 support before doing so. Remember that every resistance turns in to support once broken. Then I am seeing alot of resistance at 2150 as I suspect the bears will be liquidating anywhere from there up to...
Here you will see this wick bounce on the 15 min chart and reverse right off my previous support line (1850~) and bounce right back in to the ascending triangle. ETH is ready and beginning to coil for another leg up. We will be seeing around 2100 ETH before we see another leg down. This is where I plan to start taking profits.
ETH Primed for Takeoff, Testing the support zone with a HUGE wick and recovery. The Bulls are strong and i think primed for a move up
Playing this channel for SOL. Bought in at the bottom and broke out. Waiting for it to test the upper channel. Depending on how long it takes I am looking for an exit around 54-60 USD. Keeping a close stop loss in case of a market correction but if BTC continues to rally then I can see this making new short term HIGHs.
COINBASE:ETHUSD In my last analysis I suspected a break to the downside before making new short term highs, but as I saw ETH hold in through the weekend and then break past support to the upside I bought fully back in around 1715 last night before this mornings rally. With overall markets rallying we will likely see an upwards of 2000-2100 before we see any big...
A lot of people are liquidating their longs going in to the weekend. I can see us falling through Sunday
Drew these Blue arrows starting back on July 16th and so far so good. 1700 seems to be a pretty big testing point with of course some "blow off top" reaching close to 1800. In order to break that 1800 barrier I believe we will need to go down to retest right above 1400 and it is even possibly that we test lower around 1270 before rebounding and making new highs...
Right now I am watching key levels here to determine if bitcoin will trade higher or begin to dump. It continues to trade within the channel but I am looking at a key Support and resistance between 22556 and 22220. If it breaks below 22220 I can see this falling quite a bit further and even possibly breaking below the channel.