It appears shorts are covering. Currently watching to take profit in the Fake Out zone. If price breaks and holds above 208, I'll be looking to take profit and short around 275.
Looking to accumulate around $25ish zone if we break below 150.
Hello all and welcome to this detailed update for LTC! Leave a like and comment if you find value in this! Before I do get into this analysis I would like to mention one thing. That is the definition of YEHOK. It is ancient Mayan and means to speak or say. So speak up ! Speak out! Your opinion holds more weight than you think! Share your thoughts! We have...
The slight break of the 7.4k support indicates that the horizontal movement of the last few days could change to a new value collapse. In recent days we have seen attempts at bullish movements but without success. In fact, it can be thought that the bearish trend will win to confirm the current downhill channel again. #surfthetrend #trendsurfer #coinbasepro #btceur
Good morning all and happy Monday! Please hit the like button and comment if you find value in these posts! Feel free to message me for a more detailed analysis! On the 1H chart there was a bullish divergence leading to the 0.886 level just under $7,800. In prior updates it was discussed that price could have been in a falling wedge or channel making its...
Good morning all and happy Friday! Leave a like and comment if you enjoy these updates! Last night BTC fell to $8,000 again. In this analysis I will attempt to make the case for a possible return back to $9,000. Price might find its way down to the 0.786 target mentioned in the previous update at the $7,850 range, however using the 0.618 target we can see a few...
Hello all and good evening! Last night the prospect of a long was shattered by XRP's inability to hold support over the upper descending channel line and has now fallen below the rising white channel. The technical target would be the support at the 0.618 of the recent low and high points marked by the squares. Of course price can always return back into the...
Good morning all and happy Wednesday! Leave a like and comment if you enjoy these updates! BTC failed to get above $8,600 and started a downward consolidation currently broadening. The RSI is on an uptrend coming from a bullish divergence seen at the recent lows. Price might continue along this path to the end of the structure, however could also break out...
Hello all and good evening! LTC hit $50 as a low recently and has been rounding out in the lower 50 range since. There was a bullish divergence signal on the 4H for both the RSI and MACD. Currently RSI is attempting upper territory with MACD reseting positive momentum. We should always be on the lookout for bearish signals as well. If we see price attempt higher...
I am liking this setup. We broke the red resistance line that I created. not only that, we are getting a convergence of the two MA with the 20 potentially crossing up the 55. Things I like about this setup : Above the 20 MA Broke the red resistance line Forming an uptrend (green line) Above the two Ichimoku indicators (conversion/base) for more support I like...
LTC is a tricky one to predict. Consider that LTC has been leading the way earlier this year and not BTC. Although BTC gets the news, LTC was usually the first to move (pump) with BTC then eth/alts. LTC topped out June 22 '19 with BTC following June 26 '19. While BTC is playing more of a traditional DOW theory thus far (and I use traditional in the loose sense...
100 FOLLOWERS! Thank you all for the support! Leave a like and share if you enjoy these updates! Yesterday BTC broke up from the descending resistance and followed through up until $8,500. Currently BTC is hovering over the 13 and 21 EMAs - in the process of crossing up - and might print one more long lower wick down to around $8,200 before possibly continuing...
Good afternoon all! XRP has been consolidating bullishly after breaking out of the weekend triangle. If we reset the charts we can see a rising channel with a potential target area of just under $0.28 if this Bull pendant/flag plays out and pushes up. 15 minute chart. Possible pendant formation with breakout moves mapped out 1H Chart Rising channel for XRP...
Good morning all! If you have been following us on XRP we were expecting a break from the rising triangle but did not see any decisive volume over the weekend. This morning the decision came at the tip of the falling wedge after revisiting as support. We have just hit the upper limits of this recent move since bottoming at $0.21, however if bullish consolidation...
Hello all and welcome to this weekend analysis. After the bullish divergence seen on MACD and RSI at $7,700, price has been attempting to move higher but met down sloping resistance at the 21 EMA on the 4H. RSI has now provided support at the 30 level with MACD resetting positive momentum. A shift to red territory would most likely bring price to the support...
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...
Good 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...
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...