Coindicator

Coindicator

Long if break above resistance with volume. Chart for matt.

Coindicator

Terra Luna is in my opinion one of the best blockchain out there. It's has a product that's has real world applications outside of just the crypto industry. One of the highest LTV locked up and potentially explode if UST start to become more widely adopted. Aside from that the technical show that it's been holding a bull flag pattern for weeks now with the...

Coindicator

There's been a lot of crazy price targets being thrown out as if things weren't already crazy enough. A lot of people are targeting the $1 and even up to $5 for this crap coin. I am not as bullish and if we look at the previous pump leading up to the 420 date, it's possible to foresee a similar pattern. After all the pump today is driven by a similar...

Coindicator

Potential breakout of a double top to test new highs with a bullish reverse head and shoulder pattern. We been trading largely sideways for the week to allow for the RSI to cool down, so this could potentially be a very strong move to the upside. Suit up and buckle up.

Coindicator Updated 

Last week I had posted a LTCUSDT chart outling the massive cup and & handle pattern Litecoin was forming which has since broken bullish. While are are up $50 since, I think it still has quite some way to go. A reasonable mid-term target is $360 to test the previous all time highs. Litecoin thus far has been one of the few coins that have yet to broken it's...

Coindicator

Clear breakout of equilibrium pattern on the daily to the upside. Potential pullback from the move before continuation especially if Bitcoin faces some resistance near it's All time Highs. If we pullback to the $32-30 for a retest, that would be a heck of an opportunity to load up. In addition, LINK/BTC is has just broken out of it's descending triangle that's...

Coindicator

TVK has pullback a good bit trading in the a descending triangle. Watch for a potential break to the upside.

Coindicator

After the week long sell-off we are due for a daily bounce sooner rather than later. This is a great set-up for a bounce play with a probability of continuation if the daily bounce follows through. Even if we do eventually end up going a bit lower for on the daily, the chance of a hourly bounce at current level is extremely favorable given that we just bounce...

Coindicator Updated 

No time for right up. Easy oversold bounce play. Good point of entry near channel support and 4hr RSI oversold.

Coindicator Updated 

Bitcoin is still currently trading in the ascending triangle as it has all week, inching its way up little by little. With that said, I am more bearish than yesterday with the break of 50k and a rejection of that level. That's a huge red flag. Furthermore alts bounces have been significantly weaker than BTC which was the opposite the prior week. Something has...

Coindicator Updated 

Litecoin the laggard in the crypto run up is finally showing some strenght. The massive cup and handle formation on the weekly timeframe broke bullish smashing previous highs. One of the few top tier coins that has yet made ATH set in 2018. Is this finially Litecoin's time to shine? Hmmm

Coindicator Updated 

A little dump as expected yesterday followed by a very nice bounce in the last 12 hours. The bulls show that they are not down yet, which isn't too surprising as a lot of people were probably waiting on the sidelines to buy on a pullback. With that said, we aren't out of the oods yet and I'd even go as far to say that I am slightly favoring the bears at the...

Coindicator Updated 

Ethereum run has got parabolic on the weekly. RSI from the lows all the way to above 90 and over the last few weeks so have the micro alts, increasing hundreds of percentages. it almost feels like we are in the cusp of a revolution and that the world will be decentralized and blockchains will be everything tomorrow. Celebrities from Linsey Lohan, Snoop Dogg,...

Coindicator Updated 

Congratulations to the bulls. What a spectacular run, you don't see a rally like this everyday with the daily RSI right over 90 and the weekly RSI over 91! With that said, the daily candle today will close at the highest level it's ever been and coupled with the parabolic ascending pattern, this is a classic blow off top reversal pattern. Not a good entry point...

Coindicator Updated 

Binance broke out recently of it's long-term channel recently and had a specular run. It's close the 200 Day Moving Average and over extended in the short-term. I'd short it here above 0.0018 for BTC with a target of 0.00165 to 0.0015. I think it could reasonably get there by the morning, but the longest I'd give it is 1-2 days. Like most of my trades, we take...

Coindicator Updated 

LTC/BTC is currently trading in a 4hr equilibrium channel. It's been ranged bound for the last 2 days and I am looking for the pattern to break within the next 2 days. Generally speaking an equilibrium pattern such as this is neutral to me but I believe there's a higher probability of a fakeout if it breaks down for the following reasons. (Hence I am going long...

Coindicator Updated 

I don't believe this is going to be a V shape recovery like we say in December of 2018. I will give it until the end of Friday. At most Monday before we break out of the rising wedge and sh*t hits the fan if not earlier. The 4hr is still on a very healthy uptrend, so this doesn't mean we can't go higher in the short term here. There is a lot of confluence in...

Coindicator Updated 

Litecoin has recently just broken through a huge long-term triangle pattern. In the shorter term, there's also a developing cup and handle formation setting up for a potentially bullish play both short-term and long-term frames. What makes me excited is that Litecoin has on a relative basis underperform Bitcoin for quite some time but that could soon change if...