Renko chart with $5 pips on the 4hr. Starting to trend up above 13EMA and looking to break above resistance on a 4hr candle chart
Price consolidating from 12/18 high of 380. Need volume confirmation with the help of Asian market tonight. Can look to go long with a limit order 350-355 range
Continuing to see strong support hold up on the hourly, buys can be set at 275-280 level
I don't think the price surge here really surprises anyone with the anticipated launch on Bitstamp 6/19. One thing that I do believe is clear, the days of sub $30 levels are over as we're now likely looking at the $35 level as support and resistance around $50, tbd if we blow through that however interesting to point out a trend I’m seeing consistently both in...
As you can clearly see if you're adding to or beginning positions in $ETHUSD at the 50% fib retracement levels you've been rewarded. It would seem that once again this is proving true!
As we continue to see stable price action in Litecoin any short term dips to 50% fib retracement levels are a buy
A look in the past... -Broke down officially week of 11/5/12 beneath 50 day -Took until week of 6/23/13 to make its way down to the 200 day where it found support -Week of 9/22/13 climbs back above 50 day which proves Bullish as it does not falter below 50 day until 8/3/2015... and so the cycle begins! I maintain we are going through this exact situation currently...