Bitcoin is forming a hidden bullish divergence on the rsi. It is likely to resume the uptrend from here. Can read the divergence as: Selling got absorbed without moving the price to a new low, means that bulls took control over the price.
Momentum in stocks is increasing. I expect that there will be a sharp rally where people will get excited and lose their scepticism and then go into a correction. If spx reaches 3500 in a sharp rally, I think its very vulnerable to a correction, so i think it will be good to protect gains there.
cosmos turning bullish for the first time
trx showing signs of a reversal after a double bottom and some kind of inverse head and shoulders pattern. also schowing a bull div on the low with a failed hidden bear div after. It seems ready to trend up for a while.
trade 4#: knc inv head and shoulders setup
stratis went down 99% from its all time high to a new all time low against btc To me it seems like it could finally hit its bottom to rebound. It could be just a dead cat bounce but i give it a chance for a little gamble. for volume you have to check the binance chart because poloniex is kinda irrelevant today but has a more price data.
long ethbtc in anticipation of breakout after forming higher base
3rd trade this season: zrx showing strength with strong rebound on solid volume expecting at least one more leg
I see a chance that the btc dominance finally top'd. Should at least test the support trendline in the 60% region. If that breaks down maximalists may look a bit stupid for their recent "toxic" shilling of bitcoin as the only crypto right at the dominance top.
Bitcoin broke its 52 week high in june (green line) and is now consolidating. For trenfollowing we can wait until price moves back above 11k to follow the trend for the next leg. If price falls below 7200 (previous box low) it would be bearish. While we remain in the current box, we are just refueling to move higher.
zcash seems ready for its next leg. its trading around the ma200 which has started to rise again. Chart looks like a perfect livermore accumulation cylinder. Expect the ma200 to break and then sharp rally to new high.
Usually this phase can take 6 months and would be healthy for the longer term trend.
ETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar). The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally. This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges. Going to monitor this and update ones it becomes relevant.
XEMBTC is drawing a bullish divergence on weekly timeframe. This is one of my favorite setups in crypto. There is still some overhead resistance weekly ma20, and trendline but once it breaks there should be fireworks. Planning to add on break. NEM has been very rewarding for me in the past, see related idea ;D Also check some fundamentals here:...
The 3day chart for ethusd can help us to see the bigger picture. Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested. If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red...