BTC Bulls Still Buying DipsFirst we saw 5 min oversold RSI bounces, then 15 min, and now most recently it was hourly.
This has lead to further lower lows on consolidation, but the first hourly oversold RSI since the breakout saw lots of bulls step in to be buyers.
I expect to top out on this bounce shortly this morning and then consolidate for hourly higher lows.
Bulls are still setting potential bull flags on the daily charts and looking for continuation today or tomorrow.
Bulls looking for a position will be adding an hourly higher low and placing stops below the low of this pullback.
Cryptocoin
Can BTC Bulls Hold 4 Hour EMA Support? Currently seeing healthy and contained consolidation after bulls were unable to break resistance.
Looking for the bulls to hold 4 hour EMA support to remain in full control.
If we lose this level we will be looking for a daily higher low.
Currently still riding ETH and BTC positions, my LTC stop was placed a bit higher and triggered overnight.
If we were to lose 4 hour EMA support, we will likely see BTC 15 min RSI get oversold for the first time since the bull move.
I keep looking to see what I would be entering if I were a bear but aside from scalps I would want to see a loss of the daily uptrend before I shifted focus from bulls to shorting.
Reminder to keep an eye on blockchain stocks like RIOT as well as GBTC today for some potential volatility opportunity.
BTC Same 4 Hour Equilibrium Continues BTC rejected from resistance yesterday, leading to consolidation remaining in this tightening range.
Break is imminent within the next 24 hours and how this 4 hour pattern breaks will have significant implications on how the daily range breaks.
Bulls need to show up this morning and shift the hourly trend to form a 4 hour higher low.
Currently still in an ETH swing position which I have trimmed a bit off of with profit taking.
The ETHBTC chart saw a bull break on the 4 hour yesterday during the resistance attempt and best case for ETH bulls would be a bull break of the 4 hour pattern with an ETHBTC bullish continuation move on the 4 hour as well.
BTC Double Top WatchBTC bulls made a push last night that rejected from the high of this entire move by 1%.
What is notable is the bear break on the 4 hour chart with no follow through.
This is notable because there is a lack of price history support in that range, yet bulls bought the dip quickly.
The sooner the bulls erase this double top, the better for comfortability.
If we see further consolidation, the daily chart will be a tightening equilibrium to watch the next couple days.
ETF decision is Tuesday and odds favor a delay again. Note that IF it were to ever be approved it would be an all in event for traders to act on.
Currently in an hourly lower high and LL pattern the bulls will need to break.
BTC Holy Volatility Last night we saw a flush with a significant amount of long positions being liquidated.
This crushed liquidity in the market and cleared out all orders within a 15% range.
Surprisingly the bounce on BTC was the best in terms of %, as we finally hit hourly oversold conditions for the first time since the bull move. Even 4 hour RSI was oversold at the low of the candle.
I expect to trade within the range established on this daily candle for multiple days as things settle back down.
Congrats to the bulls as well as the bears who were able to capitalize on the dip and volatility.
How this tight hourly range breaks will dictate short term direction for today.
Hourly EMA resistance on watch as well.
BTC Bulls Still Holding BTC Bulls still holding very strong day after day. Not only are many surprised we got to $8k, but now they are surprised how long we have held it.
The sideways tight action for BTC last night allowed for ETH Bulls to breakout to higher highs.
ETHBTC was at key weekly support and fueled the move higher.
LTCUSD bulls also showed up, but still lagging behind with the inability to break the recent highs just under $100.
Keeping an eye on LTC this morning to see if it will be a laggard play, but also cautious because a loss of the 4 hour uptrend and EMA12 support would indicate BTC needs to see daily consolidation.
Summary:
BTC must keep 4 hour uptrend for bulls
ETH Hourly uptrend breaking would mean look for a 4 hour higher low
LTC potential hourly equilibrium setup
BTC Bulls Watching 4 hour UptrendBTC Bulls have seen some great 5 min oversold bounces for some flips.
We saw higher highs last night but only by about $150.
This shows us bull momentum is slowing a bit.
If we lose the 4 hour higher lows we will lose EMA 12 4 hour support with it.
A clue will be weaker 5 min oversold bounces and we will eventually see hourly oversold conditions, which will be another bounce signal to watch for.
I personally view the bulls in full control until the 4 hour uptrend is lost, then we look for healthy daily continuation.
Watching to see which alt coins pick up activity if BTC volatility slows down today.
BTC Hourly Pattern TightensBreak imminent this morning from a range that has been tightening for the last dozen+ Hours.
With a bear break, the 4 hour uptrend will be in jeopardy and daily consolidation will be underway.
With a bull break, there is limited resistance back to the top of this bull move just under $7,600.
Personally remaining patient while we trade within the $800+ range from high to low of consolidation.
Daily inside bars on ETH and LTC worth watching for potential first mover clues to the most likely direction.
Stock traders are watching RIOT, GBTC, HIVE.v, GLXY.v and other names in the blockchain sector for strength this morning.
Litecoin on daily chart showing retracement or trend reversal Hi Folks,
we have finally bit of uptrend which Litecoin giving us.
I have set up to Supply zone where I think it might go.
But I really think we will go down till reach one of those zone why? Because we can see strong tin price move upwards on 1H & 4H charts.
Tron ~ Break Support line and retest for downtrend Hi Folks,
I see Tron only keep going down. Till reach second Support Line.
Where you can see arrow pointing down -> that's retest that zone and going it is own direction ( Down ). Also Fib ext hit it nicely so for time been I think we will be going down.
We might see some push upsite, but that would be just Retracement. Until we see string confirmation on 1D chart I am Bearish :-(
BCHXBT Kraken~ This is how I think, might play outHi Folks,
Bitcoin Cash falling like no tomorrow. I think where is Demand Zone from there we might see trend Reversal. If not it will go to the second demand Zone.
I would not be even surprise if we see bit Pin bar to go through two demand Zones.
Don't set Buy order and wait for confirmation. As we have falling almost on all of coins and we made Lowest Low.
BTC Looking for 4 Hour Equilibrium So far only an initial reaction to Binance getting hacked for $40 Million.
Bulls did not even lose the 4 hour uptrend on the bearish reaction.
This speaks considerable amounts as to the resilient strength of the bulls in this market.
We are looking for a 4 hour lower high to be set on this bounce, and for a tightening range to form most of the day.
A bear break would likely put the daily uptrend at risk as well.
A bull break would have us looking back to $6,000.
At this point we are still scouting for the 4 hour lower high to be set, which is not convincing..
BTC Daily Bull Flag Confirmed Bulls marching towards key $6,000 resistances after very healthy daily consolidation.
If we break the current lows of hourly consolidation, we will look to this 4 hour chart to look for a higher low.
All eyes set on the key $6,000 zone where many traders expect a rejection.
If we see a move over it by a couple hundred dollars I would expect FOMO to kick in to the 1/3 of traders who think BTC is heading under $3k. (3k person poll on twitter)
I am still in my half ETH position and looking to use the longer term 4 hour chart as my guide on the swing position.
Microsoft conference today with some ETH mentions and then leading into Consensus.
BTC Daily Consolidation UnderwayBTC has been a bit choppy on the 4 hour chart the last 2 days, but when zoomed out it is smooth and clear on the daily.
We are looking for a daily higher low and it would be ideal for bulls if it held EMA12 support.
Bulls have lots of space to work with on the daily and we will only see a red flag with high bear volume and a break of EMA supports.
BTC bounced from 15 min oversold conditions again yesterday, to lead us to the current hourly equilibrium that is forming.
We will have to lose the daily uptrend to be looking for weekly consolidation.
LTC and ETH still lagging behind the bulls, but Ethereum has a couple events approaching including Consensus.
HyperCash Reverse in Demand Zone ? Hi Folks,
would HyperCash Stop and Reverse in Demand Zone for the third time?
I am going to keep an eye around that region and see if we break or we retrace.
Ontoooolooogy keeeeep falling Hi Folks,
Ontology, I have made a chart on the 18th of April for playing 2 scenarios.
It broke two Demand Zones and we are going down. Probably we will see retest bottom or at least it will go where the Strong Demand Zone is.
If we don't stay in the Demand Zone and we keep falling.. we might see New Lowest price.
ARK ~ STOP! Hi Folks,
we are reaching another bottom zone with another coin. Would it break and go even lower? Let me know your thoughts?
If we tip blue line there is a good chance we might see trend reversal.
If we break we will see Ark going lower.
BTC Bulls Surge HigherBulls in full control breaking to higher highs and heading right to the zone everyone is watching in the $6,000s.
Every time we head to higher highs, some bears waiting for a new low of year are converted.
Every time we head to higher highs, the odds shift a bit more to favor the bottom being in.
ETH and LTC have clearly formed weekly higher lows, while BTC has yet to consolidate for a weekly higher low.
We will continue to monitor the 4 hour uptrend to keep the bulls in complete control.
Bears need to patiently wait to have resistances to trade against but I personally would need to see a loss of the 4 hour uptrend to indicate daily consolidation coming.
Time frame trends:
Yearly: Uptrend
Monthly: Downtrend
Weekly: Uptrend
Daily: Uptrend
4-Hour: Uptrend
Hourly: Uptrend
Ask yourself... are you fighting the trend?
Verge ~ ON IT IS VERGEHi Folks,
If we break this Demand Zone - I think we will Retest Double Bottom.
I have predicted 2 scenarios and now I see those scenarios were probably wrong and we might go lower.
Bitcoin Price Prediction:BTC/USD is a step away from $6000 retun 1. Bitcoin price in the second half of trading on Wednesday is trading in the green, holding gains of 0.22%, as the bulls resume buying pressure.
2. BTC/USD is making strong progress towards a return of the $6000 territory.
BTC/USD bulls are moving gradually through the sticky supply area of $5500-600 range. They need just one final push and the price could very quickly return back up to the $6000 territory.
**BTC/USD short time sell target 5170 and 5080 Area and Other side of long Buy 5060 level . 5060 level H4 200 ma Moving Average so good position for buy , target 5500/5650 and finally 5830 Area.
The largest digital asset was trending sideways between $5,100 and $5,200 prior to Tuesday breakout. Technical levels remain intact in spite of Bitcoin failing to move past $5,350.
3. BTC/USD bulls try to hold the ground above critical support.
4. The critical resistance lies with $5,500.
High: 5219.93
Low: 5129.19
Ethereum ETH/USD market overview Ethereum ETH/USD Strong resistance in 190 level this the best opportunity for Short Sell 190 Area take profit 160 and 130 area. On the upside breakout and stable 190 level then buy this position, target 225 and 250 level.
Another side of ETH/USD touch 130/25 level buy this position target 180 and 220 level .
A sustainable move higher will take the price towards April,18 high at $176.60 and to $180.00. Ethereum is trading above the 200 EMA which is offering support at $171.17.
Stellar ~ dipping more! Hi Folks,
long time did not hear from me. I had a lovely holiday and I am back. Refresh and full of ideas for better TA for you.
I showed in the previous chart that we will see a reversal soon. AS Stellar forming now. I see a reversal when would reach Demand Zone. If we break we will retest bottom.
If you like my TA. puts a thumb up to help get bigger exposure.
If there is some coin you would like me to cover, let me know.
Thank you and wish everyone success trades and mostly peace in trading when trades are going against you.