TheDigitalStonks

TheDigitalStonks Updated 

Etheruem looks like its not strong at all and wants to go down. An upside break of the current LTF channel would be where I would be likely to see how price action develops. For now I favour a move to the downside. I'm in at $204.43.

TheDigitalStonks Updated 

ETC good buy opportunity at 6.92 if the trend resumes.

TheDigitalStonks Updated 

Bitcoin Cash has suffered a lot. And this seems like the perfect time to end its suffering. BCH always pumps when no one is paying attention and now is its time to shine. Entry: 302-307 SL: 292 Target: 340, 365, 395, 410

TheDigitalStonks Updated 

Ether has clearly been leading the market. But now we can see this huge rising wedge which if breaks down could make the price fall massively. The trend is still very bullish and this wedge could easily be invalidated but I think this is a good risk-reward situation. Entry between-195-200 SL:207 Target: 168-172 On the other hand bitcoin looks solid and alts like...

TheDigitalStonks

Iota like a little chad broke out from its bullish pennant and is now travelling towards the moon in this ascending channel. I am not trading this but it will be a fun watch. Iota never stays too far behind XRP and I guess now is the time to make some gains before BTC decides what it wants.

TheDigitalStonks Updated 

Bitcoin Cash looks like a laggard on the bitcoin pair but could really make up for it if Bitcoin holds its end. We had a lot of action the past hour with that scam wick up which trapped late longers and early shorters by triggering their stops only to bring us back right back to where we were. Now BCH broke up from its bullish pennant (not seen on the chart as...

TheDigitalStonks Updated 

Oh NEO how did I miss you. I tried to short you in the middle of the rally and that did not work out well. The trend is clearly up and looks like alts are ready to run. NEO already made considerable gains and now it looks like it is coming back to test this pennant and that would be good time to reload.

TheDigitalStonks

Litecoin is at the bottom of its descending triangle but this doesn't always mean there will be a bearish continuation. Right now for me, this presents a perfect opportunity to long it and simply cut this trade if it closes daily below 575. Will be targetting top of the triangle for now and see where it goes from there.

TheDigitalStonks

Tezos has been my favourite altcoin to hold all 2020. As displayed on the chart, we can see a possible inverse head and shoulders. Pretty possible that we see it blast off straight from here as Bitcoin looks strong enough to go for 7300-7350. But right now it doesn't feel attractive taking a long position, so I will wait if this opportunity presents itself.

TheDigitalStonks

Litecoin has been beaten by Zcash lately so I am hoping for a revenge rally. Long the bottom of the channel and that is where we are at now. If channel breaks I'll cut. Good Luck!

TheDigitalStonks

After the explosive moves, we have had on bitcoin it is now simply ranging. Ideally, it is at the bottom of the channel so looking for a long here and short at the top of the channel until we break out either side.

TheDigitalStonks Updated 

Bitcoin cash seems to be in a huge falling wedge. It is testing to the top of the wedge and may even break out to the upside. Bitcoin looks really indecisive right now. I am closely monitoring my Ethereum position as well. If this doesn't break out now and bitcoin decides to take a fall we might have a very good trade on our hands. I will long the bottom of the...

TheDigitalStonks Updated 

Ethereum has been another one of the clear charts like Neo except for the fact it actually has liquidity and is not as boring. Yesterday when bitcoin was free-falling I caught the knife on Ether at 150.18 but the action was so fast that I did not post an update. I closed my position at 153.5. Now it is a story of two ranges. The one that we are currently in and...

TheDigitalStonks Updated 

So Bitcoin looks like it's in a confirmed bear flag. I do not see too much upside. 7.3k would be a dream short but it seems unlikelier seeing how the price is moving. So I am still flat. I would still look for shorts rather than longs because of what the trend is showing us. Good Luck!

TheDigitalStonks

Neo once again made me profits on my last short and what looks like a confirmed bear flag now. Looking for shorts if we move higher because it could easily break down here also. Will look for better risk-reward. Cheers!

TheDigitalStonks Updated 

XTZ has been one of the best performing coins of the year and has already doubled from its bottom a few weeks ago. It looks like it is now the time to correct. Details are mentioned on the chart. We are currently in a bear flag so let's see how this progresses.

TheDigitalStonks

If this scenario is to be considered, bitcoin has broken down from this rising wedge. It even went back retested and got the perfect rejection. I do not rule out another test of the breakdown and that downtrend line around the 71xx-72xx mark and that would be a very good risk-reward for a short entry. But for now, I am neutral.

TheDigitalStonks Updated 

Litecoin looks like its inside a bear flag and wants to drop some more. Short top of the flag.