FrenchysCrypto

FrenchysCrypto

BTC has double bottomed off the 200 Week MA, which should give the bulls the momentum needed to re-test the recent highs of $4250. Also--interestingly--the Stochastic RSI is testing bullish levels not seen since (approximately) the all-time high of $20,000. If BTC can close a weekly candle above the 12-Week EMA, then the next technical target (after recent highs)...

FrenchysCrypto

BCH has been lagging behind some of the other mid-cap coins, such as ETH and LTC, as it has run up against a downward-sloping trendline (from before its hard fork) that topped out the last rally. Further, BCH corrected back with 30% wiggle room to the downside--compared to 5% for BTC, 20% for ETH, anf 25% for LTC. If BCH does double top--as appears ETH and BTC...

FrenchysCrypto

BTC is showing strength with respect to the entire AltCoin market as it has held onto its 4-hourly uptrend. The AltCoins have fallen through their first level of exponential support. Further, as the markets have gained today, BTC has recovered to the top of its pennant formation, whereas the AltCoins seem to be struggle to maintain sideways price action. BTC may...

FrenchysCrypto

-- #ETH is displaying several bullish patterns and indications -- Enter on a confirmation of an above average volume break of the ascending triangle on the smaller (4-hour) time frames -- TP: $156, $159, $165, and $170 -- S/L: $141.20 #BTC #Crypto #LTC #Cryptocurrency #XRP #BCH

FrenchysCrypto

BTC Longs have reached a critical support level that coincided with the recent top at the apex of the last rally off of the 200 Week MA. A break through this support level may indicate an important trend change leading to a double-top or higher high in the coming days.

FrenchysCrypto

LTC has continued to show strength as it lead the markets over the last two weeks. The price has begun to make its way into this upper channel of price discovery--and the bullish volume has been steady (if not increasing) to support this upwards trend.

FrenchysCrypto

The AltCoin market capitalization has come very close to a daily candle-body close just shy of what would be a double top formation. The market has found support at the bottom of this channel, which would suggest another test upwards is developing.

FrenchysCrypto

The total market capitalization of the cryptocurrency space has seen increasing volume since BTC dropped from the $6000 level. After breaking the 12-week (3 month) EMA, the market seems poised to now test the 26-week (6 month) EMA (if this weekly candle can close, in 3 days, above it). If so, a large (green) volume candle may be coming next week.

FrenchysCrypto

The 25-Day MA and the 50-Day MA crossed at the approximate top and bottom of the last rally. Further, they are set to cross again in the next several candlesticks--and these crossings are making new highs. If the price does break to the upside, the 200-Day MA may be the next target (in line with several important levels of resistance), as the 100-Day MA was the...

FrenchysCrypto

ETH is cooling off after a launch off of the 50- and 100-Day MA (golden) cross. The 200-Day MA may be the next target in confluence with several important levels of resistance.

FrenchysCrypto

BTC continues to hold this important support level that coincides with a downward-sloping trendline. The 100-Day MA is also below.

FrenchysCrypto

BTC was overdue for a decent-sized correction and has broken through the hourly MA ribbon. The 4-hourly MA ribbon, a great indicator for areas of support during corrections of upward moves, gives an idea of where we will pivot. #BTC #BCH #ETH #Crypto #Cryptocurrency #XRP #LTC

FrenchysCrypto

The 4-hourly 12-EMA (two day average) is set to line up nicely with the upwards trending support level of this bull pennant pattern. A strong defense there would greatly increase the chances of the next upside move happening within the next few candle sticks. If they fail, the 4-hourly 26-EMA at ~$3830 (by then) is the next area of support to put confidence back...

FrenchysCrypto

BTC has defended several important hourly EMAs that signal a potential breakout may be coming. Watch for a confirmation of a break of the hourly symmetrical triangle.

FrenchysCrypto

BTC has (effectively) traced out a double-bottom pattern off of the 200 Week-MA. Further, a symmetrical triangle pattern, which was being monitored by many analysts, seems invalidated. This downward-sloping trendline also coincides with the 100-Day MA which has, so far, been held. With all of this, the technicals may now be pointing towards a double-top pattern...

FrenchysCrypto

Possible ETH cyclic pattern from previous bounce may suggest a healthy 50% fib retracement before continuing any upwards trend.

FrenchysCrypto

If BTC repeats history then we may be looking for a fast and aggressive backtest before seeing a high volume (bullish) candle that tops out this trend once and for all.

FrenchysCrypto

LTC faces heavy resistance ahead with the confluence of the 26-week (6-month) EMA and several tentative trendlines. With the price now testing levels it has not seen since November, LTC may trend more sideways here--with a more definitive test of the 12-week (3-month) EMA also likely in the cards before any further upwards extension.