chartsdragonbtc

chartsdragonbtc

Taking a look at BNB here after a lot of recent news and announcements... CEO of Binance CZ got a tattoo of the BNB/Binance logo on his forearm, proceeded a pretty nice pump from the middle of a range to almost what appeared to be a breakout..... Ended up being a fakeout and resistance around 16k sats held. Looks like 14k sats may be support turned resistance...

chartsdragonbtc

LTC/BTC does not look great here, 3day appears to be closing under a pretty key support block. Unless there is a move back into this support area, I would expect LTC to continue to fall, and the USD value to continue to take a hit I would not be surprised to see Charlie buy back his litecoin at some point in these low levels to act as a catalyst to potentially...

chartsdragonbtc

EOS dove off a cliff a couple days ago, falling from the support that had held for a little over 2 months around the 0.0008 area, dropping to roughly 0.0005 It appears some historic support here is acting as a spot for EOS to bounce, referencing out the support from December 2017, this would be the red line on the chart. Checking out the 0.00066 area was support...

chartsdragonbtc

XRP has been moving to inverse to BTC recently, and I have an itching feeling it will moon one of these times BTC takes a nose dive. That is more a gut feeling, nothing to back that up with. Anyway, support around 0.00088 has been holding for a couple of days now and it has felt like ages, long here with a target in the purple box around 0.0001 If XRP drops...

chartsdragonbtc

ADA has been ranging around historic support for a couple of weeks now, finally starting to look bottomed out. The 3 day here still looks pretty bearish, and a test of lower support in the blue box may occur. Cautiously long here (below 900 sats), if BTC breaks down ADA may also get taken down with it, potentially to new lows. 1000 sats is the red dotted line...

chartsdragonbtc

TRX has been pushing hard with some recent positive momentum, however, it is resisting the 380-400 sat area. Unless there is some sort of unexpected push or "super secret" Tron announcement, my thoughts are that Tron will continue to respect this 380-400 resistance area, and likely re-test the blue line around 350 sats. Thinking this range will continue as long...

chartsdragonbtc

Hate to be the shorting at support" meme but BTC looks pretty weak here on the daily chart. Last week BTC could not break through the purple resistance box, and it currently serves as resistance. The other purple lines above the purple block are other areas of resistance. Currently, weak support in the blue box area, and I think it is likely that we see a new...

chartsdragonbtc

Key resistance around 1800 sats (red box) and key support around 900 sats (blue box) MANA pushed recently into some key resistance, does not look like a breakout, therefore, momentum may shift here going back, potentially texting key support Not buying near resistance here, waiting for more drop.

chartsdragonbtc

EOS looks like support has been broken in the 54k sat area, and I think there is more room for it to drop at this point. Appears that EOS is in a free fall, maybe some support around the 30k sat range. That 3day candle structure is brutal, and it appears there is going to be more downside here.

chartsdragonbtc

EOS recently broke a trend line ans has been in free fall. Looking at the 3-day here, support around 67k sats was broken. I would look to the 54k sat range as a potential area for a bounce, but things do not look great for EOS here. After this recent drop there has been a lot of over-bearishness for good reason, as EOS will liekly see another -10% to -20% drop...

chartsdragonbtc

XRP has been moving inverse to Bitcoin recently. Bitcoin pumps, XRP dumps, and the other way around. For the time being, this remains to be true. I highlighted two possible outcomes here, bearish in red, bullish in green. I think support is pretty strong here at this level, and the nature of XRP may indicate a pump out of nowhere like the previous. Would target...

chartsdragonbtc

Taking a look at the TRX / BTC pair here. Looks to be ranging around support at 280 sats, with resistance at 390 sats. I highlighted two scenarios here with projections, one in purple and one in red. The red line is what I think will happen if we break support with confidence, likely will be headed lower to potentially test a level like 200 sats. IMO the more...

chartsdragonbtc Updated 

XMR is a project that has one of the most active githubs in cryptocurrency, and an amazing layer of privacy technogy. Monero is THE privacy coin, right behind ZEC (in my own opinion). Right now it looks like XMR is grinding along a long term trend line, if this broke down I would anticipate a very cheap XMR buying opportunity, but if this trend line proves to be...

chartsdragonbtc

Posted this chart a while back: with the two red boxes that indicated two bearish levels if BTC broke down. In the last chart/update I said it looked like BTC was finally consolidating and going to make a move, that move was down. I said in my last update that "I am weary of testing the $6,000 low too many times and breaking down. In the event bitcoin breaks...

chartsdragonbtc

Something key to point out here is that ADA could still experience a a large drop if broken downward from this range, as it is resting above support right now. It appears ADA has consolidated and started to trend upward. That being said, still facing some tough resistance, and I drew some large resistance levels above in the green boxes. Some pretty good and...

chartsdragonbtc

After bouncing around it looks like this range is finally consolidating here. The volatility on BTC has reached lows, and it is due for a large move. Price action recently looks like it wants to breakout, however, I am weary of testing the $6,000 low too many times and breaking down. In the event bitcoin breaks down, it could drag alts another good 30%-40%. If...

chartsdragonbtc

TRX/BTC here rests around historic support at 350 sats. This is what I am currently observing on the chart, if BTC picks up momentum I expect TRX to get popping quickly.