XLM has retraced nicely down to the 0.7 ranges on the FIB. However with decreasing volume it will be tough to see if it will expect a move up or not. MACD is starting to look more bullish with an uptick on the histogram but still not enough confirmations on the RSI yet. We are waiting to see if more confirmations are going to come through and a trend holds....
This one is a risky one but whenever I look at Twitter or Telegram channels I am constantly seeing XRP with numbers of banking partnerships and what the benefits of MoneyGram will be. It feels like XRP is being weighed down and it will eventually move up. So much Fundamental news and developments have come out over the last few months yet, it's not shown that in...
With Litecoin halving fast approaching it may find it having one last pop. Bitcoin is key for the USD growth at the moment, industry wise. With the BTC value in coins (LTC/BTC) falling fast, the USD value is holding well due to the strength of BTC. IF BTC retests highs again, you may find LTC go with it but further decline in the BTC value of your LTC...
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Been mentioning this for a while now. ETH and the little area it has been stuck in. Finally broken out. To the people who bought over the last few days, well done. Please ensure your stop-losses are adjusted into profit and manage that position. Please ensure you wait for support to be found for an entry into a long position. This could fall back down. Support...
XRP still has not completed a retracement bounce from the previous drop over the last few weeks. We could see a shoot up from this zone and possibly hit the 44-45 cents range. Fuelled by possible rumours with American Express we would expect some fomo buying so be careful. But technicals are showing that XRP has only retraced a small amount of the drop so far...
ETH attempting to break over the EMA 34, it has been restricted movement past that period for just over 3 weeks now. ETH trended above the EMA34 for a long time previously going from 163 up to 370. WEEKEND: Risky. Always mindful of a drop in volume and price throughout weekends. BTC has shown signs of slowing down but that could change over a weekend. Wait...
It looks as all the BTC dominance at the moment has slowed down, money is starting to trickle back into the Alt coins and away form Bitcoin. This is not yet confirmed and the BTC dominance will have to fall down into the '60s to confirm that. Be ready for a possible jump in /BTC pairings on any strong alts and always remember to buy in BTC not in USD to gain...
BTC looks like it is forming a possible 3rd wave impulse If this is the case, expect a retest of 12K region in a couple of days. We feel that this is risky and only risk a good entry with a tight stop-loss below supports. The weekend is coming and this could be a false signal, but recently seen more BTC pumps over the weekends than dumps.
With LTC halving approaching. It is easy to think it may well go up. However, conflicting indicators telling us that this is in a zone where it is make or break at the moment. It looks like a new impulse wave but the MACD is showing bearish signs. But with an RSI divergence over the previous days, it could indicate that LTC could move up and retest some of the...
Interesting to see how much the technicals have been respected on this. Chainlink is a good coin with some good volume with where it can be bought and used. We feel will be a dominant coin longterm. It has done well over the course of the year and has shown the perfect pullback. Will this go on from here and stay stable? It is still within the overall long-term...
ETH looking good on the 6 Hour with the continuation of the trend. ETH, however, keeps rejecting at the EMA 34, however looking back on the 6 hours. It has shown a good consistency with Elliot Wave theory. Looks (as it stands) about to start a third impulse wave to the upside which could break through that EMA resistance it has been hiding under for over a week...
BTC has a habit of being wild, although it being a lull day today due to independence day, BTC is in a good place with good support below it to go for a retest We expect a possible test of 12,300 first and then go from there. But with it finding a good support area from the fib and now on the pivot point as support, it does look heavily.
Is the retracement complete? Well, a pullback on the Fibonacci to the 0.65 levels is a good indication. Bitcoin is pretty violent at the moment, moves are big and retracements are completed fast. So stay away if you are a careful trader. If you are looking for a long-term investment, wait for a dip.
An important chart to take note of, certainly as an investor. Bitcoin Dominance chart is often overlooked. You should know how strong Bitcoin is and with this, it shows how much money is going into Bitcoin instead of going into the Alt-coins. When Bitcoin Dominance chart falls it will show a dip in Bitcoin and also a possible increase in Satoshi Values of the...
This is not financial advice just an observation with some basic TA. One big fundamental element is starting to increase with Bitcoin and that is use-case. We have not really had it until possibly the last year or so, more blockchains, more use-cases for cryptocurrency and bigger players starting to jump into the market. We believe that a long-term investment is...
Fantastic reversal off the Golden Pocket .65 Fib Downtrend broken & Ema's now support Early into the 4hr candle but volume is impressive. Bullish above pivot. Don't get Fomo quite yet, trap set ?
ETH is showing a channel forming on the shorter timeframes which could give some good opportunities for trading within a channel that has about 3-4% gap. We suggest sticking to small stakes and also managing positions with alerts. This could bounce up high if you are long, but also if you are shorting, go right down to the start certainly when Bitcoin is in a...