Using the HR2 BTCUSD chart here we have the 12 EMA, 26 EMA, 100 EMA and 200 EMA. We notice that we are safe to trade while the 100 EMA is above the 200 EMA and they are slightingly moving upwards. You'll notice support continuing to be found around the 200 EMA. Notice that when the 12 EMA crosses the 26 EMA so long as the 100 EMA is above the 200 EMA we have an...
ETH is coming off a pretty good recovery run from the low 180s. It is finding the toughest resistance at the areas 225 and 228. While it is currently in a sym. triangle this should be treated with skepticism as sym. triangles are a good representation of a continuation of the underlying trend; which in this case is a overall bearish trend, while this recovery from...
LTC is getting a serious pump right now. While I believe it was over sold and due for some attention, watch the trend line at 43 for rejection to see if we are still on a path of decline or looking to break a trend and move upwards.
Last night we saw an awesome swing on BTC, dipping as low as 2510 on Coinbase at one point and then recovering and breaking out of the fib fan. Pressure is on now, 2830 is the bull target pressure point for starting the squeeze on shorts. This chart is designed under the assumption that the massive weight of the shorts are too overbearing for those of our buyers...
15M is thru the Ichimoku cloud and riding the 100MA line, 50MA is coming up nicely through the cloud. Expect heavy resistance to be the 50% fibline above this position, the Gann 8x1 line above that and then the orange line as the old high point neckline.
LTCUSD is coming up to a critical moment in its recent trend, we're getting close to the angle where the most recent bounce happened that put us to the top of the channel (a descending wedge) for LTCUSD. I'm looking to see if support around 42-44 is strong enough to bring us back up to the top of the channel or if it will be shattered where I will be expecting...
Watching here closely, for LTC to break through resistance and out of a wedge. 42 low end range of last purchase worked out well, at this point I wouldn't recommend chasing the chikun as it were, but wait for confirmation of breakouts on the wedge. I like LTCUSD at 48 by the end of the day.
LTCUSD short-term Gann Fan play. Just looking at bounces on fan lines. Scalping until Yellow Line historical support.
LTC make or break. Excited to see if 55.00 area is tested in the up coming few days. Or if we retrace lower to test for support of the breakout. Currently not holding a LTC position and enjoying the show and will trade based on momentum.
ETHUSD Critical Position time. We're in a long going channel at the moment and the next few hours/days will determine whether, in my opinion, ETHUSD reaches a new level of growth or a new level of lows. The run up from the bottom of this channel could be tremendous. However, the fallout from falling out of the bottom of the pattern could result in ETH at a sub 200...
ETHUSD has had some recent swings that have been wild, ultimately ETHUSD is awesome technology and I would love to see it succeed. We're consolidated at what in my opinion is a much better location than the parabolic one in the 380-420 territory. While I like this position for ETHUSD, we're at a stage of further support and resistance testing to be done. I like...
Just some thoughts about the LTCUSD break out which was awesome. Not breaking this .886 on my chart area has me concerned that we won't get to test the ATH (or see a double top). Makes me think more or less that there will be retracement to .5 to .618 to test for strength. Consolidation above .886 would give me hope in the strength to test for the ATH run,...
For my followers at The Honeymoon - a special chart if I pass out.
This is the same chart as my ETH Losing Ghound idea. But, a 15 hour instead of 4HR as per a personal request.
Lower highs at the moment. I wouldn't be surprised to see 270 become a psychological roadblock on the way to 261 and then 250 becoming points of consolidation.
ETH 4HR makes me feel uneasy, 61.8 retracement is a strong point. I'm not seeing much luck pushing past 296.00 at the moment. Looking at 244-274 for back testing. Ready to quickly cover though as to not get blown away if 296 finds force with a bullish sentiment at BTCUSD.
Testing my ideas, ETHUSD and BTCUSD aren't quite ready although that double bottom on the 4HR was beautiful, the daily just doesn't feel quite right. The higher we go now without daily or weekly confirmation the more false this feels.