w_h_indicators

w_h_indicators

BCH-Live Trade Journal (daily chart) 3/10/2018 MA is still down and trend line is intact--I don't plan on trading the daily chart until I see that change. Until then, I will be looking at faster time frames for trading opportunities (posted as separate ideas) but I will be watching for a breakout of the trend line or a break of the support zone.

w_h_indicators

LTC-Live Trade Journal (daily chart) 3/10/2018 (1st entry) Litecoin is relatively flat at the moment compared to BTC and ETH which are bearish. While I don't think there is a strong case to trade the daily chart at the moment, faster time frames should be looked at. Other time frames will be posted as separate ideas. ...

w_h_indicators

BTC-Live Trade Journal (daily chart) *will be updated as needed 3/10/2018 (1st entry) The daily chart continues to be bearish. 55 and 144 period KAMAs are still trending downward and the bears came in with force at the trend line. Until this changes, I will be looking for tradable trends on lower time frames.

w_h_indicators Updated 

XRP is at a key-support-level after a 50% retrace of the previous run. Consolidation at key-support suggests the potential for a reversal in the near future. A blind entry would be acceptable--a more conservative entry would be to place a stop-buy above between 0.97-1.01 There will likely be some intra-day resistance around $1.00 but so far this hasn't produced...

w_h_indicators Updated 

4-hour chart: 1. Bounced off of support @ 6000 2. Crossed resistance @ 8000 3. Upper trend line resistance (secondary) 4. Bearish pin bar 5. Upper trend line resistance (primary) 6. Weak resistance @ 9000 7. Strong resistance @ 10000 8. Momentum slowing on EFI but no bearish divergence yet Going long might look temping but price must overcome both primary and...

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LTC still beneath trend line

w_h_indicators Updated 

1. Support @ ~0.66 2. Resistance @ 0.96 3. 8-day EMA (Dynamic support/resistance). The resistance has held since Jan 9. 4a. Bullish pin bar formed at key support level. Price retraced 50% of pin bar, which is not unusual. 4b. Potential reasons not to take this as a buy signal: -Counter trend -Pin bar spans both support and resistance -Subsequent failed test of...

w_h_indicators

While Bitcoin has already made a lower-low, today, Litecoin has not. Even though the bears are clearly still in control, this is a good sign for Litecoin. Next support is a wide zone between 80 and 105. This area has high potential for a trend reversal. I'll be keeping an eye out for higher highs, higher lows, positive EFI and MACD cross, cross above 21-day EMA,...

w_h_indicators Updated 

1. Upper resistance @ 10000 2. Current support @ 7500 (currently testing) 3. Next level of support @ 5500-6000 4. 8-day EMA has been dynamic resistance level the entirety of 2018 (with the exception of a few false breaks) 5. Bullish Pin bar but... -poor risk reward ratio -countertrend 6. EFI is negative 7. A counter trend trade RIGHT NOW with a tight stop would...

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The triangle pattern in last week's chart played out perfectly, hitting the targets derived from measuring the triangle and nearest support levels. This most recent leg down also put Bitcoin in the run phase of a bump n' run pattern. We "might" be at the end of this correction but I wound't bet on it just yet....prices still have some serious downward momentum...

w_h_indicators Updated 

Volume is coming up and BTC has broke both the inside bar pattern and symmetrical triangle. So far resistance at 10000 is holding. Next levels of support/potential lows are at 8300 and 7500--sounds low but both levels would be consistent with rate of decline BTC has been experiencing lately. We are also at a critical point in a bump and run pattern...

w_h_indicators Updated 

Bump and Run?

w_h_indicators

Overview: Dominant trend (May to present): Not well-defined. No strong bias until Dec 12, 2017 when prices rocketed higher, topping out at 3.35 before pulling back to as low as 0.84. Short-term trend: Bearish since mid-January. 1st support @ 1.15 1st resistance @ 1.63 Symmetrical Triangle (continuation signal) has formed and volume is dropping. A break...

w_h_indicators Updated 

Overview: Short-term bear trend in the context of a longer-term bull trend. Resistance @ 13000-13500 Support @ 10000 Symmetrical triangle (continuation signal) + falling volume. Inside bar setup w/ false break (blue rectangle) Keep an eye on which way the price breaks--above or below the triangle and inside bars. Remember that we are in a bear trend. Trades...

w_h_indicators Updated 

The last test of 10000 wasn't exactly a feeding frenzy and downward price action is starting to regain some momentum. Another test of 10000 might potentially lead to a break this time. Folks should be mentally prepared another leg down. On the other hand, a strong rejection or another false-break of 10000 could send prices upward to eventually retest 13000.

w_h_indicators Updated 

After briefly dropping to 9000 a week ago, BTC recovered only to stall out at 13000 and reverse course. The past couple days have seen another test of 10000. If the short-term-bear-trend remains valid, we will likely see another test (and possibly a break) of 10000 in the coming days. On the other hand, a close on the daily chart of above 13000 could suggest the...

w_h_indicators Updated 

There has been a multi-year bull trend where BTC rises, corrects, rises, corrects... Every time BTC successfully survives a correction and makes another run, confidence only increases in this pattern. ...this is exactly like Taleb's "Turkey Problem". "Consider a turkey that is fed every day," Taleb writes. "Every single feeding will firm up the bird's belief...

w_h_indicators

LTC observations: Weekly chart: -50% retrace -Large bullish-pin-bar/inside-mother-bar 3 weeks back. Prices action squeezing down. Daily chart: -Price action has reverted to 8 & 21 day EMAs -Mostly chop, pivoting from inside bar to inside bar. Thoughts: -The weekly looks good but I don't expect any signals worth taking on the daily until the price starts...