BCH is at the Support Line now with all eyes on it. Should it drop much lower, that could indicate a long term drop. I'm thinking it's heading higher, but if it drops too much more (other than panic selling), it might be better to take a Neutral position.
BTC has been struggling to breakout, but it is seemingly near it's Major Support Line which it's held since October of last Year (before accelerating upward and then tanking). I'm going Long at this point. If it crosses down below that major support line, it's anybody's guess - I wouldn't be surprised to see a flash-crash once it nears that line as Bulls get margin calls.
Looking at basic Support and Resistance lines and CAD seems to be approaching that bottom level. I'd go Long, but keep a short just below that line to keep it safe.
The price is nearing the 50% mark and to where I think it might be ready to bounce off that level and Head Long. I'd set a close stop just below the Red area.
We missed the breakout from the descending triangle although it would've been easy to miss it quick jump up. It's not an ideal time to buy, but I'd say it makes sense to go Long with a close Stop shortly below the new Resistance Line.
The line used to be the Resistance Line when it bounced off it, but held as a support. Ideally, we would've gone long the next time it hit. Will it go all the way back for a third time? Maybe. Keep a close Stop below that line.
It's had a sharp climb and it likely will go up a little bit higher, but I'm betting it bounces off that recent level. I wouldn't short right away, but at the first hint of downturn, I would.
I'm going Long for ETC due to the channel up. Given the news that it'll be integrated with Coinbase soon also means it's going to have some good upside potential.
Experimenting with Inside Bars. It definitely capitalizes on the large down swing, but the question is how to detect the larger swings as opposed to sideways trading.
TRON is beginning to start a channel up... BUT I'm not going Long yet as it's still way to early to call it a Bull trend yet. Lets keep an eye on it and see if it continues or follows it's negative trend.
Bitcoin is heading down right now. Who knows how long this trend will last (maybe short term or maybe an extended period), but you definitely don't want to be Long at this point. Ignore any day-after rises and wait until the negative energy runs out and people start getting excited about Cryptos again.
Unlike an established, highly traded market the Currencies (Forex), Cryptos are still manipulated by many factors including whales. It's very risky to try and day trade it if you aren't experienced in the market. Keep in mind that the entire Crypto market generally moves together and so even if one of them is looking up, if a major tanks, then ALL will tank....
