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BTC Sideways Hourly RangeThis is the range I am watching today for short term action on BTC. The bulls MUST see a break to continue proving themselves as the bears remain comfortable on all longer term time frames. The 4 hour, daily and weekly are all still forming lower highs. With a bear break we will continue to erase that little bounce from yesterday, and we will be right back to looking at a $500 range where all supports stand near each other. We are getting close to the ETF decision date, and most people are expecting a delay or rejection. Keep in mind this means a lot of the bearish reaction will be priced in, but that does not mean we will not see an initial drop on any news like we did last time. Bears are comfortable with stop losses set, or scouting entries and top finishing the high of the bounce yesterday. Bulls are patient and waiting for more clarity.
COINBASE:BTCUSD
by TheChartGuys
3
BTC 4 Hour Equilibrium Bulls have been buying the dips the last couple days but not seeing a lot of follow through on any continuation attempts. This gives us a clear 4 hour equilibrium with a double bottom at 6,411 as well. With a bear break, we will likely have seen our daily lower high which will be a bit disappointing for the bulls not getting to the mid-way point of the weekly equilibrium. If we see a bull break it means we are not done with the bounce and we look to see how close the bulls can get to, or exceed the mid way mark. Notable shorts increasing on ETH in a similar manner to what happened with BTC before the all out dump a few weeks ago. Keep an eye on this and ETH as it could have an impact on BTC and the sector as a whole if the bears do make a move. Volume is declining in the weekly BTC equilibrium as many traders including myself patiently wait for the volume and volatility spike that comes with an equilibrium break.
COINBASE:BTCUSD
by TheChartGuys
8
BTC /hourly Higher LowsAfter the 4 hour equilibrium bull break, we are seeing follow through and a clear hourly uptrend. As long as these hourly higher lows hold, the bulls have full control of the bounce. Lose the hourly higher lows and we zoom out to the 4 hour chart to look for a higher low to form. Bulls need to get back to the $6,700s to get to the middle of the weekly equilibrium range, so we still need another 5% follow through. Bears will keep the odds in their favor much more significantly unless the bulls can recover to this level. Keeping an eye on shorts levels as well as the ETF decision approaching at the end of the month. Hold onto your hats, as anticipated things are looking like they will get interesting within the next month with a spike in volatility and volume. Until then we observe for clues as to which direction is most likely. Newer traders are patiently waiting for longer term signals.
COINBASE:BTCUSD
by TheChartGuys
7
BTC Fake Bull Break for NowBTC bulls broke the daily inside bar bullish, but did not hold up for very long. In the video yesterday I discussed the hourly would show a red flag if the bulls could not keep the uptrend after the bull break. The first red flag was the lack of follow through breaking this level... this means bulls are not setting stop buys and bears are not covering their positions. The 2nd red flag was the size of the pullback. It was not brief and healthy like a bull flag. The 3rd and biggest red flag was the little hourly bear flag. The weak bounce attempt and continuation down. Now we are back into the trading range we have been inside for 3 days and there is a lack of clarity as to short term direction. Remain patient and picky as traders, and when fighting the trend, be quicker to take profit.
COINBASE:BTCUSD
by TheChartGuys
19
BTC Bounce Still Weak After a very clear dump, taking out all kinds of supports and immediately shifting the sentiment in the crypto markets the bears are in full control. We are seeing a mirror image on the hourly time frame with EMA resistance and a lack of any follow through. To be blunt with the bulls this is a significant blow to the % chance that we see a bull break on the weekly chart. The ease with which bears are able to erase the hard work of the bulls over the last couple weeks leaves a lasting impression. We will likely bounce around here for a bit but in general the size of this move also moves up the time line as to when we see a likely break of the weekly pattern. Bears are very comfortable and while last night did have a flip opportunity which I did take advantage of, I am using smaller positions as the risk to reward on these oversold bounces is not ideal. We need to be trading with the trend to have the best odds in our favor. Congrats to any bears and bulls need to start mentally preparing themselves for a potential break on the weekly to lower lows. Establish those game plans.
COINBASE:BTCUSD
by TheChartGuys
6
BTC Hourly Ascending TriangleBTC is still in the same pattern highlighted in the video 12+ hours ago. We have made a bit of a bull break and bit of a bear break as well with 0 follow through in either direction. This has kept us tight, knowing that a break is imminent this morning either losing 4 hour higher lows, or breaking $7,340 for continuation. The daily and weekly bulls are looking for as much follow through as possible to shift odds in their favor on the weekly equilibrium. When we lose the 4 hour uptrend, we will look for another daily higher low to be set. Bulls still comfortable with the 4 hour and daily trends intact. If entering on a bull break I personally would look to take profit in the short term rather than sit through any 4 hour consolidation.
COINBASE:BTCUSD
by TheChartGuys
3
BTC/USD BitCoin (Sept/18) (The weakness is showing up)This will be my views of BitCoin (Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
COINBASE:BTCUSDShort
by SonicDeejay
4
BCH-BREAKING AND TARGETCOINBASE:BCHUSD is ready for a strong breakout based on technical analysis and wave counts. Daily Chart: 1. Yellow Trend lines: Descending Triangle at terminal point and breaking to the upside above the yellow lines. 2. DC - Price is breaking the upper band 3. White Rectangle shows a complete Wave formation 4. Chande Kroll Stop shows price breaking above long and short stop lines 5. Price and Volume Trend is breaking out 6. Efficieny Ratio is crossing from negative to positive 7. Positive Volume Index 8. Volume Price Confirmation Indicator 9. Accum/Dist & On Balance Volume I like to use these sets of indicator to confirm bottoms and breaking points. FIBO SPIRALS - The price will hit and 'ride' the spirals and can be used for targets 1. Near-term Green 2. Intermediate-term Purple 3. Longer-term Yellow COINBASE:BCHUSD Today's Target is $654 See related idea: BCH- Break out or Breakdown? I will update! -AB
COINBASE:BCHUSD
by FibMarketWatch
BTC Looking for Daily Higher Low BTC is seeing a 4 hour lower high and lower low pattern as the bulls try and form a daily higher low. As I have said in the video, I believe our weekly lower high will be marked by a daily higher low... inability to see higher highs (lower high) and then a loss of daily higher lows with a break of support. There are no red flags for the current consolidation unless we see increased bear volume and lack of bounces/ weak bear flags on the hourly or 4 hour. Currently a patience game for bulls as our weekly $7,200 target has been hit and we are cautious of the weekly lower high. Knowing things will be much more clear in a month or so when the weekly equilibrium breaks, makes it easier to hold off forcing trades. Bulls who ARE looking to play this move can look for an entry around daily EMA 12/26 supports. Bears are looking for entries on the 4 hour lower highs, and will want to protect their positions if 4 hour lower highs shift back to the bulls.
COINBASE:BTCUSD
by TheChartGuys
5
BTC 4 hour Support Watch BTC bulls have done a great job holding up after the breakout over $7,000 but it may be time for healthy consolidation. We established a 4 hour higher low and then rejected from continuation with almost a double top and a big upper wick. If we lose the 4 hour higher low we can still see healthy daily consolidation, and we are watching daily EMA support catching up. Volume is solid for the bulls and low on consolidation which is what the bulls want to see. As long as the daily uptrend holds, the bulls keep control and we are likely to see another daily higher low form if we do lose the 4 hour uptrend. Bears have a clear top fishing resistance to use now and bulls likely want to remain a bit picky as the weekly lower high may be set soon.
COINBASE:BTCUSD
by TheChartGuys
10
ETH Daily bull break but WAY behind BTCThe bulls broke on BTC to higher highs and continued tightening weekly equilibrium, which has resulted in ETH breaking the tight 5 day range with a volume spike... BUT it is still crystal clear just how far behind BTC we currently are trading as the bulls are not even close to breaking the high of the initial bounce, which BTC broke many days ago. This tells me to continue to play BTC bullish and if I were looking bearish on any BTC weakness I would look to ETH. Continue to watch ETHBTC for a daily trend change and until that happens this pattern will remain the same. I will likely stop doing daily ETH charts until there is a shift, as the opportunity certainly is not here these days!
COINBASE:ETHUSD
by TheChartGuys
3
BTC Bull Break and Weekly Equilibrium Note this is a Bitfinex chart unintentional from usual Coinbase. Congrats bulls on the break over the high of the Bitmex spike. We are now in an area without a lot of clear resistance, but we are also looking for a lower high on the weekly to be set in the next week or two. This is a beautiful setup on the weekly. I personally am trading small and cautious and will go back to very aggressive if we break the weekly equilibrium bullish. It will dictate momentum and direction for the rest of the year and we are looking at late September or early October for the break (pending any news events). Bulls are looking to keep 4 hour higher lows and when they are lost we will look for healthy daily consolidation. The weekly equilibrium has us looking for a $7,200 target. While we remained cautious and made sure the shorter term signals were there, having this longer term pattern to visualize and anticipate has been a big help and it has also been a break guide for us to nail previous weekly lower highs in the low-mid $8,000s last time.
BITFINEX:BTCUSD
by TheChartGuys
10
BCH-Break Out or Breakdown?COINBASE:BCHUSD is poised for a BREAK-OUT! Technical Analysis: COINBASE:BCHUSD has been in a Bear Market Rally and has been consolidating for almost 8 months now. 1. Overall Chart (Weekly) a. Regression channel since inception shows the price is in the UPPER channel and has been trending in the middle of the regression channel b. White Trend lines show a large descinding triangle formation 2. Overall Chart (6Hr) a. Small Triangle formation b. Bolinger Bands and Keltner Channel Squeeze 3. Overall Chart (45Min) a. Small 5 Wave Cycle and a Complex Correction Ran out of time but will update soon. -AB
COINBASE:BCHUSDLong
by FibMarketWatch
7
ETH Daily TIGHT Range, Break Imminent ETH has been very tight for the last 5 days staying within the highlighted range as the volume continues to drop off as well. We are looking for a clear break and volume spike either today or tomorrow to see a break of this range. The bears still have full control on the daily, and will have to get over EMA resistance to see any kind of follow through on a bull break. BTC would have to see a bull move to $7k in order for ETH to break bullish unless we see a complete shift in the correlation and a big bull break for ETHBTC. The bears are still comfortable and could look to make an entry on the break of this tightening range for any new positions. Patiently waiting for volume to tell us the break is happening.
COINBASE:ETHUSD
by TheChartGuys
1
BTC 4 Hour Tightening, Break imminetBTC has been forming a 4 hour equilibrium for a day at this point and is likely to see a volume spike and break of this range shortly. We already got a small bull break on coinbase for the bulls but no follow through so far. With a bull break we look to the top of the bitmex move, and with a bear break we look back to $6,400s. People ask why do we consider the bitmex manipulation and the answer is because there are no other clear resistances nearby and traders are using this as a stop level for their short positions. Bulls still holding EMA 4 hour support to try and remain in control as they have for the last few days. We should see some clear directional momentum today to start the week. Bulls still have to get to $7k+ in order for the weekly equilibrium to be balanced and fairly even probabilities for a break in either direction.
COINBASE:BTCUSD
by TheChartGuys
11
ETH Short Term Move Imminent ETH clearly remains weaker than BTC with the beats still in control of the ETHBTC chart. We are currently essentially forming a handful of 4 hour inside bars in a row, on declining volume. We will see a volume spike and a break in these tightening patterns this morning, but I will not look for much follow through unless BTC volatility picks up as well. I personally would continue to look to BTC for bullish plays and ETH if we see BTC bearish, as that correlation would have that strategy seeing bigger gains for the most part over a large sample size and longer term time frames. ETH bears have a bit of comfort where it would be likely for BTC to see clear bull breaks, before ETH bulls followed along, due to the weaker positioning on the daily chart.
COINBASE:ETHUSD
by TheChartGuys
2
BTC Within Contained Range We are watching the wide range between the Bitmex pump and the subsequent dump and likely to stay within it for a few days. Bulls have the hourly uptrend in their favor but we will need to see sustained 4 hour higher lows to climb to the recent high. Bulls need to make it over $7,000 to form a solid weekly equilibrium which we will look for a break of towards the end of September. Lots of indecision currently on the charts between bulls and bears, things are slow and there is not much action. Watching for volume spikes on the longer term time frames (4h+) to stand out. Bears have the daily trend in their favor but without a dump from the ETF decision the bulls are hoping there are no short term adverse news events to help their case. Currently all cash and very patient waiting for clarity.
COINBASE:BTCUSD
by TheChartGuys
7
ETH Bulls little short term hopeWe are seeing lower highs and lower lows on the 4 hour chart as we approach the low of the dump for ETH. At this point the bears are very comfortable and have all the momentum. The bulls have to change the 4 hour trend, and have to break the high of this bounce so far for it to do anything for the reversal. Things are not looking good for the bulls right now with their backs against the wall and momentum against them. If you are bullish ETH and patient... wait for a daily or weekly trend change before establishing a long term position. We could easily continue down with this current setup. Bears are making entries at 4 hour EMA resistance.
COINBASE:ETHUSD
by TheChartGuys
4