Two possible trajectories for BTC into the coming days.
Far from definitive, but the OBV is showing a slight div after the swing low today.
Few signs to indicate we are in a falling wedge on btc. Will wait to see how it plays out. If it continues, it should show signs of reversing around 7k-7.5k range.
Just using a fractal of the previous movement to the current price. Nicely matches against support and resistance on the way back to ATHs
pull down towards support with the 50MA coming up to meet it.
The retrace into the pink box would be the 38 fib of the current impulse and the 61 fib of the higher timeframe move. Tracing the trade up to the 100% fib extension.
Pull back into a support zone during this uptrend. Quick 5-10% scalp possible.
LTC is currently wedging in with good S/R lines to pivot from to the upside. Will see how it plays out. Volume is also trailing down nicely through the wedge, breakout imminent
Broke down through support and now coming back up to retest it as resistance. Taking a quick short trade with a tight stop
Bullish div. Increase in volume. Moving above MA. Tenken and Kijun are far apart.
At long term resistance on the daily chart. Bearing divergence on the daily and the 4h charts. Also at the upper edge of the 4h ichi cloud. Trading short down to the bottom of the cloud with also corresponds with previous resistance.
Few signs pointing towards the idea of a short trade on BTC. I will only enter this if we get a neckline breakout and a volume breakout on the hourly. If we do get in I will ride it down to $10500 where I will monitor it closely for signs of reversing as it is a good support level. If $10500 breaks then I expect a full run down to $10,000.
Long on BTC/USD on confirmation of breakout of the flag formation. Also need to see a spike in volume.
Volume profile looking good and price action following.
Took a quick long on eur/jpy. Had a healthy correction down to the 61.8 level. Think market could retest the upper trendline. Set take profit below it
Nice high probability long on STORJ / BTC.