CRYPTOCAP:SOL has broken out of a falling wedge on the 3H and might be heading back up to retest the previous yearly high. Keep in mind this could get rejected due to the red cloud around the 109.45 area. NFA
BTC, LTC, ETH and BCH daily correlation chart
LTC is climbing it's way back up from bottoming out. Let's see if it can make a new ATH. There is a fundamental / possible rumor in play that it could be implemented as a payment option for facebook. Zuck has came out and said that he is looking into implementing crypto and Charlie Lee has sold all his LTC so he can not have financial ties to the project, but he...
BCH looks good anywhere in that zone. It has touched that area a few times.
If you look at the C span it still is in price so BTC is till trading in consolidation. BTC is up against the Kijun fighting resistance. It may be a good short opp. If we break the Kijun it's a great Long opp.
ETH is leading out of all 4 assets on GDAX. LTC is falling below and the others are trying to move upwards.
ETH breaking out of the Kumo with a nice TK cross. It has held strong during the consolidation over the holidays.
Looking for a bounce off the kijun and a move upwards towards the tenken. 4HR chart default cloud settings.
BCH has made a nice TK cross on the 4HR. Looking for a nice breakout of the Kumo cloud before heading for new highs.
Just a simple line chart comparing all four assets.
Picked up some Ether on the tiny TK cross. It still needs to work its way above the cloud. I took the trade with anticipation of it breaking above the cloud. I highlighted all the indicators showing strength. Price action looks like it is moving in favor as well. BTC and BTC futures are moving in favor also. Let's see what ETH has!
The weekly chart looks good for LTC. The daily is neutral at the moment but both charts still look good. Keep in mind that what's going on with BTC and the BTC futures markets can have an influence on the price action of LTC. Charlie Lee and the Litecoin foundation have done a great job recently with the marketing and spreading awareness of LTC and it's use cases....
A good look on the 4hr chart to see who is leading and who is lagging.
Just trading in range sideways and slowly drifting away. Cats much?
Congrats to those who took this trade when it was bottomed out. I hold no position and I am posting as a reference of where price is now. Do your own research. This is not a recommendation to buy or sell.