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XRP WEEKEND UPDATE! 9.28.19: BREAK COMING SOON!Hello all! Volume is coming down at the end of this rising triangle. A break of this should be coming very soon. RSI is on an uptrend on the 4H with MACD showing positive momentum starting up again. As we have seen with the falling wedge here that bullish patterns do not always play out as they are "supposed" too. A break above the tip off this wedge will most likely be revisited as support before the possible 0.618 target. The area marked with the purple circle is possible for a break of the rising purple channel, however could be heavily rejected for lower prices. 1D chart previously a similar drop resulted in a rising triangle break followed by sideways movement. XRP could be getting ready to repeat this pattern. The white zone represents a strong area for support and resistances. 15 minute chart. Price is holding a rising support line meeting $0.248. 1H chart. Price seems to be revisiting the falling wedge pattern that had an extreme break down - patterns do not always play out. Breaking above this now would be a great sign. Watch for a retest and support on the tip of this wedge. The rising triangle target is the 0.618 of the two white circled price points. 4H zoomed out potential moves to come marked by the colored arrows.
COINBASE:XRPUSD
by YEHOK
BTC UPDATE FRIDAY 9.27.19: COMPARING 2018'S PRICE ACTIONGood morning all and happy Friday! Leave a like and comment! I wish good fortune for everyone! Looking at the 4H chart, price has been grinding down after the major drop. We are getting lower levels of volume, and negative momentum with a higher low in RSI. These indicators are pointing to at least a short term reversal to the $8,700 level. There is always a possibility that price breaks down one more time to complete the down sloping channel, and taking a closer look with MACD could most likely show a drop with no negative momentum at all. 15 minute chart. There is a possibility that BTC is getting ready for another drop. There is a bullish divergence happening with the RSI and MACD on this time scale as well as the 1 and 4H. Down sloping consolidation after a move down with less negative momentum warrants a reversal. However before this could happen, the channel will need to play out with one more touch point on the bottom. 1H chart bullish divergence with oscillators. Since we have the potential reversal signals on multiple timeframes, it might be enough for an early break of this down channel. 1D chart for 2018's falling triangle price action that followed the break to the downside. A strong move down followed by 4 days of consolidation that seemed to be down sloping with less sell volume. An even larger spike followed the sideways movement which led into the bottoming period. 1D chart of the current situation. We've had our break to the downside with less volume on the consolidation. We might see the final day as an up day only to be followed by a spike in selling interest. What follows would be an extended phase brought by the bottoming structure. Now of course the circumstances are quite different for the 2018 break and this one, However we just not ignore the similarities. These are only my thoughts and opinions! Let me know yours in the comments!
COINBASE:BTCUSD
by YEHOK
BTC THURSDAY 9.26.19: BEAR PENDANT!Good morning all and happy Thursday! I Hope everyone is doing well! Leave a Like and Comment! BTC price has been consolidating symmetrically for the last day after the drop through 9k support. The current structure is inherently bearish, although could possibly break to the upside as well. Considering the 4H and 1D time scales being over sold, I am leaning towards this pendant breaking up to retest the $9,000 level before going down further. With that being said: Do your own research and due diligence before making a trade! I am not a financial advisor! 15 minute chart price is in the middle of this triangle/pendant structure awaiting decision. 1D chart, if a bear pendant is in formation we can expect a $7,000 target. 4H chart. The break should come soon. MACD has worked its way back to the mid line. Let me know what you think!
COINBASE:BTCUSD
by YEHOK
2
XRP THURSDAY UPDATE 9.26.19: BULLISH CASEHello All and Happy Thursday! I Hope You Are All doing well! Thank you for checking out my analysis! If we take a look at the 1H chart, price could be forming a rising channel and/or bear flag formation. Of course these channels could always break up! 15 minute chart we see XRP formed a bear pendant after the drop and still broke up. Afterwards a rising channel formed and we are currently at the end, possibly looking to break up just under $0.25. 1D chart we see RSI printed a higher low thus far with the lower low in price. After reaching the bottom XRP is nearly 6% away from making its 20% retrace like the last drop. MACD is potentially giving us a double bottom scenario and it is technically a bullish divergence - class B - as long as we don't make any more lows. 4H chart rising support over a flat resistance. Volume is coming down, we will need to see positive momentum picking up to the moves mapped out here.
COINBASE:XRPUSD
by YEHOK
BTCEUR, Soon A good opportunity to enter.BTC Break down of the triangle. Soon A good opportunity to enter. BTC downward movement towards 8.1K Euro ÷ 7.6k Euro. An adjustment that breaks down the horizontal movement that had lasted for days. The market will prepare for the next rebound. Wait for confirmation of the next supports at lower levels to enter BUY (8.1K Euro ÷ 7.6k Euro). The rebounding differential will be significant. #surfthetrend #btceur #btcprocoinbase #trendsurfer
Long
by gabrielestampa
1
BTC WEDNESDAY UPDATE 9.25.19: 21W BROKEN!!Good Morning All and Happy Wednesday! Leave a Like and Comment! I Hope Everyone is Doing Well! Let me be the first to admit how wrong I was in thinking that the 21W would hold support! I truly believed, based on what I was looking at with the charts, that we would have held support at $9,300. With that being said, I admit defeat and will live to fight another day. This is why stop loss and risk management is so important! Reevaluating the 1D chart and using the two points marked with white circles on the candles, the price has stopped at the 0.886 retrace. This is a prior accumulation zone and just under the 200 EMA and 0.786 at $8,800. Now, relatively speaking we did not see high volume come in on this break, however looking back at a previous triangle in BTC's past - the one that dropped from 6K to 3K - the real volume came on the move after bearish consolidation post pattern break. I have marked a white line over the volume bars to to show this level, and when it is broken, a new consolidation period begins. Something of course we must consider is the measured move off the triangle as these patterns tend to play out completely over longer time scales. The last one moved down 48% to its height, and the projected target of this triangle is also 48% down to as low at $4,900! From break to bottom of the last triangle was 36 days, the same situation here would give us a bottom nearing November. Of course a false breakout of this triangle is still possible until the end of the week however it does not seem likely. The RSI on the 1D chart still has room to move down although in oversold territory with the MACD still having plenty of space as well.
COINBASE:BTCUSD
by YEHOK
LTC WEDNESDAY UPDATE 9.25.19: FINDING A BOTTOM?Hello all and happy Wednesday! Since hitting the low of $53, LTC has been been trading sideways in this rounded channel on the 15 minute chart. The moving averages seem to be attempting a cross up. Let us watch for support here and a continuation and eventual break up of this rounded formation. Being that this is a smaller time frame it might not hold as much weight. 1D Chart Litcoin has fallen just above the 0.786 retrace of $22 and $144. Historically this has been a major support/resistance line.This was the level that was broken and led price to this year's extreme lows and highs. 4H chart range bound with volume starting to pick up. Stochastic RSI crossing above the 20 level with MACD re setting negative momentum. 1H Chart price consolidated down then broke up.
COINBASE:LTCUSD
by YEHOK
XRP WEDNESDAY UPDATE 9.25.19: DOWN BUT NOT OUT?Good Morning all! XRP fell to the 1.618! Last time we had volume on a drop like this price reverse 22%. Will we see the same thing happen again? 15 minute chart pendant formation can break upside or downside. After a bearish move one would expect down. 1H chart move from support up to resistance. Decisive volume is needed for a break 4H stochastic RSI shift up with MACD reseting. XRP seems so have already recovered 50% of the drop Is it possible that XRP is printing a descending broadening wedge?
COINBASE:XRPUSD
by YEHOK
BTC TUESDAY UPDATE 9.24.19: ON THE CUSP!Good Morning All and Happy Tuesday! I Wish Great Fortune For Everyone! Leave a Like and Comment! Yesterday we saw a large move to the downside and even though, BTC is now sitting on the midline supports of both the white and gold descending channels over the 0.786. I have mapped out the potential conclusion to these down sloping consolidation patterns to the marked zone. This area is a major confluence zone for the reversal up, as I have described in previous posts. This level alone holds the key to BTC's future and breaking below it would be devastating! 15 minute chart. We need to see this triangle hold and break above to $9,800 first. 1H chart we might be seeing this descending broadening wedge channel play out to the end or we might see a break of it and some support coming in to push it up to the gold resistance and through it to $10,562. This star and green zone mark the final entry point/reversal area. If this area does not hold support. We will most likely be talking about a $6,000 or lower BTC in future posts! 1D chart. Yesterday we had a pretty convincing drop however we are still in this downward gold channel. No reason to feel overly bearish until $9,300 is broken. The 4H chart is possibly showing us a momentum shift on the MACD with the RSI holding the 30 level. What do you think? Will we break up from these patterns? Feel free to share your ideas! Remember that the only thing we can control in the market is risk management! Everything here is my own opinion and should not be taken as trade advice! Questions, comments or concerns? Send me a private message!
COINBASE:BTCUSD
by YEHOK
XRP TUESDAY UPDATE 9.24.19: SIDEWAYS OVER SUPPORT ZONEGood Morning All and Happy Tuesday! I Wish Great Fortune For Everyone! Leave a Like and Comment! Yesterday XRP dropped back to the support zone after attempting to break the back test of the falling triangle. A shooting star doji formed on the 4H chart at the top giving way for the 0.886 level to be hit. We seem to be in a larger time frame descending channel marked by the gold lines. After dropping, the 4H MACD is showing us lower levels of negative momentum with sideways price action. We could finally be seeing a move up and out of this down channel. If BTC starts falling to its 100% retrace, expect XRP to do the same. 1D chart 6 days down! A spinning top would be great in this situation! 15 minute chart sideways channel might play out like the one in the previous support zone. Will it break down from resistance or break though it? Will we see the marked zone and 100% retrace for a possible reversal or will that break and set lower lows? 1H chart mapped out for possible moves to the upside and downside. On the 4H chart we can tighten the descending channel and get a real appreciation for the rejection doji candle. Remember that the only thing we can control in the market is risk management! Everything here is my own opinion and should not be taken as trade advice! Questions, comments or concerns? Send me a private message!
COINBASE:XRPUSD
by YEHOK
BTC MONDAY UPDATE II 9.23.19: MORE DOWNSIDE TO COME?!Hello all and good evening! This is perhaps the most important time in BTC history! The next 3 days should provide us our answer! If BTC breaks below this marked area - Which is the 100% retrace level just like LTC just hit!- I personally believe cryptocurrencies will be in HUGE trouble. If we look at the chart, for the last few weeks to a month there has been a down channel leading to the 21 W exponential moving average. This average is the deciding factor for this current market condition and whether we see the continuation to the upside or a complete breakdown to $6,000 or lower! I believe these downward sloping patterns will play out to the upside and we will see the bull market continue! Let me know what you think about these volatile times! Remember this is only my opinion! I am not a licensed financial advisor!
COINBASE:BTCUSD
by YEHOK
LTC MONDAY UPDATE II 9.23.19:100% RETRACE!!Hello all! LTC just broke down from a 1 month rising channel in 2 hours! The 100% retrace which was the measured height of the rising channel occurred with price currently rebounding just above the 0.786. There should be a test back up just under the rising channel to re-visit the pattern before continuing down. The 4H chart MACDS is potentially showing a major bullish divergence. If this plays out we should see price shoot up. If upside momentum comes back, we could see a break back up into the channel. The 1D MACD has yet to shift to red, If we see this happen, the 100% retrace could be broken with the next support at $57 and %50. Let me know what you think! Is this a shakeout?! Will we see LTC under $60?!
COINBASE:LTCUSD
by YEHOK
LTC MONDAY UPDATE 9.23.19: DOJI REVERSAL!Hello all and happy Monday! I hope you all are doing well! Leave a like and comment! Last night I made an update on LTC's falling channel and mentioned the two doji candles that formed on the Heien-Ashi chart. We discussed the possibility of the price dipping into the marked area but were expecting the channel to eventually be broken to the upside. Over night, three more doji candles formed, finally giving us the reversal and channel break. The MACD was showing us the increased negative momentum but much higher price in the rising channel. The negative momentum was reseting at the bottom of the smaller descending channel with lower selling interest . The next area of resistance would be near $76.35. We need to see increased volume and candle spread for a break of this level and a test of the upper channel line. Remember that the only thing we can control in the market is risk management! Everything here is my own opinion and should not be taken as trade advice! Questions, comments or concerns? Send me a private message!
COINBASE:LTCUSD
by YEHOK
BTC MONDAY UPDATE 9.23.19: MOMENTUM SHIFT!?Good morning all and happy Monday! I Hope you all are doing well! Leave a like and comment! Last night BTC attempted a break out of this small triangle drawn here, and even had a nice rising support level. It soon broke to the downside and reached the measured move off the triangle and back to the 0.618 support. The 1H MACD is showing us a shift currently underway. It is also showing lower levels of negative momentum with a higher low in price possibly coming in. This should be a bullish indication for the next move and might begin to shift momentum on the 4H timescale as well. The immediate resistances are at the 0.5 and .0382 levels. Remember that the only thing we can control in the market is risk management! Everything here is my own opinion and should not be taken as trade advice! Questions, comments or concerns? Send me a private message!
COINBASE:BTCUSD
by YEHOK
2
XRP MONDAY UPDATE 9.23.19: SELLERS EXHAUSTED?!Hello all and happy Monday! I hope you all are doing well! Leave a like and comment! If you have been following on XRP then you would have been on the lookout for a break to the downside of this falling triangle to the marked area. We have now completed the measured move from both, the white rising channel and the smaller triangle that formed below the larger one. We seem to be holding support over the gold channel, 0.786 Fibonacci extension and the rising support from the previous lows on the 1D chart. The marked zone over these supports signifies the potential reversal point to back test the larger falling triangle on a longer time scale. The 1D chart could be establishing a higher low either for an extended consolidation or a continued move up. The ultimate target of this falling triangle is the 100% retrace and could push the trend into a new low back to $0.24! The Heiken-Ashi chart on the 4H is showing the candles getting smaller with volume coming down. Even though MACD momentum is shifting, it might only be re-seting for further downside movement! Remember that the only thing we can control in the market is risk management! Everything here is my own opinion and should not be taken as trade advice! Questions, comments or concerns? Send me a private message!
COINBASE:XRPUSD
by YEHOK
ETH MONDAY UPDATE 9.23.19: MIMICKING BTC!Hello all and happy Monday! I hope you all are doing well! Leave a like and comment! ETH has formed the same downward channel and has fallen to the exact 0.886 fib level as BTC with the same long lower shadow small body candle in development on the 4H. The support came from the Gold support/resistance zone, the down sloping channel as well as the fib level. We still have 55 more minutes for this candle development! Getting over the 0.618 and holding that would be a great sign! $225 and above as the potential here. Look for resistance along the way at $215 and $219. Look for immediate support to hold at this range at the 0.886! Hello all and happy Monday! I hope you all are doing well! Leave a like and comment!
COINBASE:ETHUSD
by YEHOK
LTC WEEKEND UPDATE II: HEIKEN-ASHI CHART!Hello All! Let us have a look at the 4H Heiken-Ashi chart! This is an average based candle that shows us the up and down trends with a little less noise. We have come to the bottom of a down channel with two doji candles printing after falling from the triangle. Although we did not see the $70 low, we did see a drop towards the support line of an up trend that has been happening since the low 60s, the 0.5 fib of the recent top of $80. Now, these doji candles might represent a pause in the trend, however at the bottom of this channel should provide a push up and out. The MACD is showing us more negative momentum happening since these higher levels with the price lows higher than the previous range marked by the circles. Selling volume has been slowly diminished throughout this move to the current down channel. $75.90 is the upper range of the channel break with a dip into $69 as the lower range of its support . Thank you all for Likes and Follows! I Wish Good Fortune For Everyone! Let me know what you think about the price action !
COINBASE:LTCUSD
by YEHOK
BTC WEEKEND UPDATE III: DIVERGENCE = CHANNEL BREAK!Hello all! Finally! We got a break out of this tight consolidation pattern! In the last post I mentioned the potential of the 0.618 being the support level that allows for the reversal, and in an update, that the 0.786 should be watched for a potential final entry. We were waiting for the signals hinting to us when this shift might come. On the 1H chart we were getting the signs of the impending move from the oscillators. The MACD should be shifting its momentum once price hits a new low, otherwise the potential divergence might only result in a lower low in price with momentum passing the previous low. The confirmed lower lows in price coupled with the higher lows on the MACD and RSI is what gave us the heads up in this situation. With a history of support at the 0.618, as well as the bottom of a descending channel with bullish divergence, all make for a good recipe when closing shorts/ opening longs. I have marked the next possible outcome of this scenario on the chart above. Immediate limits to this upside move are $10,188 -$10373. The downside breakdown will most likely hold support at $9,376. At the moment, there doesn't seem to be convincing volume. If the 0.5 level does not hold, there might be another re-entry / support zone at the 0.618 one more time before the upper levels are seen. The question on everyone's mind now is of course - Will Bitcoin hold $10,000 and spike up, or will it crash? Let me know what you think! Leave a comment !
COINBASE:BTCUSD
by YEHOK
XRP WEEKEND UPDATE II: FALLING TRIANGLE!Hello All! XRP has broken below this falling triangle and has followed a consolidation. We should expect a move to the downside to complete the larger pattern target. The immediate and intermediate zones are marked by circles with the potential support and reversal area marked with the triangle. It would be ideal to watch for negative momentum to slow down and shift to positive on the MACD with volume rising on the rebound off a drop. The 1H is attempting to show green on the MACD in this symmetrical triangle which is inherently neutral. We could see this current consolidation on the shorter time scale break up back into the larger triangle for further sideways movement before the larger break. This is only my opinion! Let me know yours!
COINBASE:XRPUSD
by YEHOK
BTC WEEKEND UPDATE II: LAST CALL BELOW $10,000?!Hello all! As we simplify this price development, we see a near perfect down channel leading to the 0.618 level. We are potentially showing a bullish divergence on the 1H chart with the MACD. The 15 minute chart is resembling a bear flag so it is possible for more downward movement into this marked zone before the move up. $9,888 is the current price level that needs to be held. $9,757 is the final entry area for a move up. If this level is broken, the previous low of $9,589 will need to provide the support.
COINBASE:BTCUSD
by YEHOK