BITMEX:ETHUSD just had a nice bullish retest of a 4-Hour order block which is now acting as support. If this structure can hold it's ground, I expect to make an expansive move to the upside. Targeting resistance around $222-$225, with potential continuation even further to $232-$235.
BITFINEX:ZECBTC is looking PRIMED for a large expansive move to the upside. After retesting the all-time-low which is confluent with the demand zone, and a capitulatory volume spike, this is about as good as a bottom indicator as I can possibly envision. This combined with a hidden bull divergence on RSI increases my confidence even further. To add some icing to...
POLONIEX:STRBTC everyone saw the crazy pump from 0x and now wants to get in on the next coin to potentially get listed on Coinbase. The Coinbase FOMO effect is the real deal. 3620 would be a nice place to jump into a long, with a potential 25% upside and a bunch of levels to take some profit along the way.
BINANCE:ICXBTC is currently testing a key resistance level and is looking fairly strong, along with many other altcoins. A healthy pullback and confirmation of a support/resistance flip around 1066 would present a nice opportunity to get long. 1200 and 1450 would be nice levels to take some profit.
BINANCE:ZRXBTC was finally officially listed on Coinbase today after rumors had been circling for months. Don't worry if you didn't get a chance to grab a bag before the big move today. There will be lots of opportunities to get long between now and a new all-time-high. I would be looking for a pullback somewhere around 12300-12700 which would be a nice safe...
After a quick and sharp selloff along with the rest of the crypto markets, Ethereum could be forming a local bottom right around the range low after testing the demand zone. A conservative place to take some profit would be around the middle of the range which is $215, but this could make another push into the supply zone around $250. If it gets rejected around...
After a sharp selloff for Bitcoin, it tested the demand zone and seems to have put in a local bottom for now. A conservative place to take some profit on a long is around $6400, but if it can clear the resistance around there and around $6650 we may see another push into the supply zone around $6850, or hopefully higher! If it gets rejected at $6400, this order...
Ethereum bounced off the equilibrium of the 4-Hour Bullish Order Block (OB) almost to the pip but was then met with resistance at the 4-Hour pivot where it is currently trapped below. The bulls need to break this pivot currently acting as resistance to maintain any bullish momentum they may currently have, but they will be met with heavy resistance by the bears...
Bitcoin bounced off the 4-Hour Bullish Order Block (OB), which is currently acting as a key support level right between the demand zone and supply zone. It was stopped in its track by the 4-Hour Bearish OB, currently acting as a key resistance level. The bulls need to defend this 4H Bullish OB at all costs. If price breaks below the solid black line around $6360,...
After what is currently shaping up to be a weak bounce off the 4-Hour Order Block equilibrium, Ethereum seems to be signaling a potential break to the downside. This level is also confluent with the range equilibrium. It was rejected almost to the pip by the 23.6% Fib level pulled from wick to wick of this latest wave. A clean break below the 4-Hour Order Block...
Bitcoin, and the entire crypto market in general, is looking fairly weak right now. After bouncing off the 4-Hour Order Block, price was rejected at the 38.2% Fib level which is just under the daily open. If price makes a clean break below this 4-Hour Order Block, I will be looking to short the retest targeting the demand zone below. The bulls need to push...
After hitting the target for our last long position on this pair, Ethereum has pulled back for a bullish retest and found some support on the top of the demand zone. Entering another long position targeting the equilibrium of the 12-Hour order block for the 1st Take-Profit @ $227.50, which is confluent with the 50% level of this latest move. 2nd Take-Profit is...
After getting stopped out of the previous long attempt on Bitcoin, I am giving it one more try. Price made a lower low, and then quickly wicked up showing signs of absorption. With clearly defined risk we can place a stop at the local low, targeting the range high @ $6527.5 If price can't manage to close the daily above the range equilibrium around $6450, I...
BITMEX:ETHUSD had quite the selloff yesterday, lasting throughout the night. Ethereum dipped substantially further than Bitcoin, but I am not surprised based on how quickly it has gone up since the drop to the yearly low. We seem to have found a potential temporary bottom at the 12-Hour Order Block, which I was expecting to be a Demand Zone. It wicked through...
BITMEX:XBTUSD after a sharp selloff after failing to close a candle within the Supply Zone, Bitcoin has found some temporary support just on top of the Demand Zone. This could very easily not hold, and we could see it drop to the equilibrium around $6320. That being said, I have entered a scalp Long position targeting the range high @ $6527.5. If I get stopped...
BITMEX:ETHUSD is currently sitting just on top of the range high and has yet to close below on the 12-Hour timeframe. I expect a bit more downside before another move up. Looking to long the area from $222-$229 with a fairly tight stop around $220 where this trade setup would be invalidated. Take-Profit target is at a former support level, where we could see it...
BITMEX:XBTUSD after finding some resistance right around the equilibrium of the 1-Day Pivot, Bitcoin has dropped back down to test the previous range high which we hope to hold as support. If the bulls are to remain in control, they need to protect this level for the time being. Not using full position size as this is somewhat of a risky trade, but I expect to...
BITFINEX:NEOBTC PA (Price Action) of this pair, and the crypto markets in general (especially altcoins), is currently quite bullish and we may have found a potential bottom with what looks to be a capitulatory Volume spike. NEO/BTC seems primed to break to the upside after consolidating for a little over a month on top of the Demand Zone @ 0.002650, which is a D3...