Cryptocoin
ETH back to Weak vs. BTCVery clearly, we are seeing the ETHBTC chart tank again as BTC heads to daily higher highs and ETH does not even come close.
We are likely to stay within this daily tightening range for a while as it is wide, and the bulls are not doing much at all.
I personally would consider this a no trade zone, and wait for a clear break which will have volume and volatility accompany it.
In this current market I would play BTC bullish if the setup and breaks are right, and ETH bearish.
Daily EMA 12 resistance continues to be a good guide to keep the bears comfortable as long as it is resistance.
We need a daily trend change on ETHBTC for me to have any interest bullish ETH from here.
Be aware BTC has an ETF decision incoming.
BTC Previous Resistance trying to Hold SupportBTC saw a bull break last night where multiple 4 hour resistances were all taken out at the same time as speculated in the video.
It was a very brief move with little follow through however, as we have been consolidating the entire night since then.
The bulls are trying to hold the previous double top of resistance as support, but is on the verge of losing it.
We are not confident an hourly higher low has been set until the 15 min trend changes for the bulls.
This gives us another leg up on the daily, but the next ETF decision is still looming, and the bears will likely try and pounce on it.
Hourly EMA support also on watch as the bulls need to establish a clear support this morning and see the range tighten up a bit.
I entered a market buy when an alarm went off under $6,700. I sold half of my position to remain protective above $6,800 so I am sitting on a small cushion above break even. Once bulls establish the hourly higher low I will use this essentially as a break even stop loss level.
BTC Bulls Have my Attention AgainAs shorts continue to climb the bulls bought the bear break last night with some strength.
We are seeing a solid bounce and a 4 hour lower high being set, keeping the downtrend intact, but the size of the bounce and the fact that the daily chart is already attempting a higher low is a good sign for the bulls.
We are watching what consolidation looks like this morning to see if the bulls can pull off a 4 hour higher low and continuation, or if the pullback is going to be large enough to give us an equilibrium to watch.
We are still looking for a break of $6,636 to force some bears to cover, but we will likely need a healthy 4 hour higher low before we can set our sights on continuation.
Those bulls looking to be more aggressive will buy this consolidation to establish a position. More patient bulls will give up some reward to eliminate risk by waiting for the bulls to prove resistance breaks before getting a position.
You can also do a bit of both!
BTC 3600$ !? Hi everyone ! Today I am gonna give you my BTCUSD analysis.
In my point of view we can see head & shoulders pattern, It means for me that level 3600$ is in the game.
I know two things : a) my claim is not popular in the crypto world b) it's just an analysis, we all know that manipulation is common in this market.
Enjoy your life and follow me !
For Educational Purposes Only.
ETH 4 Hour Tight, but Daily Inside Bar Bear BreakVery similar setup to BTC on the 4 hour but a bit different which has led to both LTC and ETH breaking their daily inside bar bearish already.
This increases the odds a bit that BTC will end up with a bear break but we are still watching close as a bull break in BTC could negate these bear breaks.
The daily charts will need to form a higher low and break the top of these bounces up to this point.
It continues to be a long road ahead for the bulls, as the bears remain confident and comfortable with daily EMA 12 and 26 resistances.
Still a patient game until we get some clarity and a break from the range we have been in the past few days.
BTC Tightening Break ImminentBTC 4 hour chart continues to tighten to the point where we know a break is coming.
The daily inside bars will give us a guide on direction, but we need to see follow through and a volume spike on the break as well.
Bears are still very comfortable and not going to have to cover anything without a bull break of resistance levels.
This is the kind of day when abnormal volume and daily inside bars will alert us to the move as it happens.
I have personally been very patient for the last 3-4 days and will look to act on a bull break if we get it.
One thing I always factor in, is where 5, 15, and 60 min RSI levels are at as the break happens.
If they are too extended, and because we are fighting the daily and weekly trend, I will be more cautious or patient on an entry.
BCH - Fibo Spiral Analysis - Bottom & Breakout Fibonacci Spiral Analysis.
Chart patterns follow Fibonacci Spirals and gives you ideas on where the price of a security is heading.
If you would like to see this analysis again or would like more information please leave comments.
Notable Screenshots:
See Related Idea for updated analysis on BCH.
ETH Joining BTC with a Double Top ETH broke the 4 hour equilibrium bullish with BTC, but did not have the momentum to clear the next hurdle of resistance as well.
They now both have double tops to be watching for the rest of the day.
I personally dont like entries on consolidation right now due to the upper wick from daily EMA resistance on BTC but if I were a bull and had to make an entry it would be looking for this 4 hour higher low.
Other bulls are patiently waiting for a break, to have more clarity.
Bears will be all over both coins if the 4 hour uptrend is lost.
Currently all cash and patient as this is not an ideal trading environment. Yesterday was an example where seeing the 4 hour equilibrium setup told me to focus on stocks and trade other things that day. I am currently getting the same reading at least to start today.
BTC Must Break Resistance Currently very patient and waiting for the BTC bulls to prove strength by breaking the double top of resistance.
We just broke a tightening 4 hour pattern bullish, but were unable to see the continuation needed to enter another leg up.
The bears are still in control as long as we are rejecting from daily EMA resistance.
The bulls can still form a 4 hour higher low today and keep themselves within striking distance.
A loss of 4 hour higher lows would put the bulls back in full control.
Plays are for bears to enter and top fish under resistances, and bulls can look for a 4 hour higher low to enter on.
I am personally still all cash and patiently waiting. No clarity means trade less and wait for clarity!
Daily Analysis: Short PositionHi Dears,
The BNB is a head and shoulder pattern.
But there's also a invert hammer candlesticks.
Now if the yellow circle is supported, the price may be kept.
Otherwise, Likely to bear market.
You have to wait until the definitive result in the circle is specified.
Remember that nothing in this world is 100%
Good Luck
BTC 4 Hour Lower High LikelyBTC saw a bull break yesterday but the consolidation was more significant than bulls would like to see.
Because the pullback was significant, the most likely scenario is a bounce and lower high set on the 4 hour.
There is also no bull volume whatsoever behind the 4 hour bounce.
We will watch for this 4 hour equilibrium to give us direction today, and bears are looking for an entry on a lower high, with a stop at the double top of resistance highlighted on the chart. This is also giving us a daily inside bar to potentially form today.
I am currently all cash after exiting the last of my ETH when the pullback got too significant.
I will patiently wait for a more clear setup.
STORM/ETH - Another Big Storm?STORMETH looks like it's going to pop agian.
We have been consolidating since the last pop (see my linked post) and have been in a tight range. We look to start a new 5 Wave sequence.
I have put down a stop-loss on the chart. This should happen in less than 6 hours.
I will update if needed.
Cheers
-AB
ETH 4 hour Trend Change WatchHealthy low volume consolidation as the bulls look to form a 4 hour higher low.
From there bulls will need confirmation of the trend change with a higher high.
BTC is potentially facing a short squeeze which would be a big boost to ETH daily oversold bounce.
I exited my position from 2 days ago in the $280s and will consider some bids to reload on this consolidation.
We need a clear low, and bounce from that level to establish a clear stop level to use.
Bears are looking to enter when bulls get extended, but those who understand trading and markets are not as comfortable as they were yesterday with the potential squeeze.
ETH Beaten, Battered, and BloodiedETH last night was at some of the most extreme oversold conditions we have seen in 14+ months.
Hourly RSI single digits, 4 hour RSI 12, Daily RSI 17.
We clearly have an influx of supply as ICO projects are dumping and adding to the panic.
The bears have complete control but I personally would not dare enter a short down at these levels.
There will be a sweet daily oversold bounce opportunity as soon as the supply and demand scales flip, and the selling dries up.
BTC will have a significant impact on the short term action, as a bounce without BTC has certainly been rare.
I currently have a small ETH position from last night that I will look to trade around and lower my cost basis of (down to $271 avg now), to ensure I have at least a small piece when the daily bounce does begin. Until then I am not looking to add on weakness at this point.
Hourly EMA resistance test this morning.
BTC Potential 4 hour Bear Flag BTC broke the $6k mark for lower lows and is in the range of our lowest price since all time highs in the $5,700s.
We currently have a bounce that looks like a 4 hour bear flag, cooling off short term RSI levels.
The hourly EMA 12 resistance is rejecting the price, keeping the bears in control.
Shorts continue to climb anticipating a break of $5,900 today to confirm the bear flag.
Congrats bears but you need to be cautious as well! The more everyone is looking in the same direction, the more cautious I get.
This does not mean do not enter bearish... it just means remain protective and use stop losses.
Daily RSI will get oversold if we do break to new lows.
Bulls are patiently waiting and protecting capital, not catching falling knives and trying to be the hero nailing the bottom.
BTC 4 Hour Bull Break BTC bulls broke resistance and confirmed the 4 hour inverse head and shoulders pattern we have been watching for the last couple days.
We did not get a ton of follow through but the 15 min RSI was very overbought and the hourly RSI broke 70 on the initial bull reaction.
We will now need to keep 4 hour higher lows and higher highs and 4 hour EMA supports for the bulls to remain in control.
Any high volume bear dumps will be a red flag.
Keep in mind we are still in a daily and weekly down rend.
Our target is daily EMA resistance which is currently at $6,700.
I personally still have 60% of my entry from the $6,200s and will remain protective with stop losses under support.
I will look to scale some out into strength if we get another leg up.
BTC 4 Hour Equilibrium WatchCoinbase went down last night for BTC trading and has still not opened up again, which is going to frustrate lots of bulls who have watched the price drop $300 from the top of the bull move.
I was a bit fortunate and exited half of my position when the first 15 min higher low was lost, and the 2nd half is waiting for the daily inside bars to play out.
The daily inside bars will remain intact if we can see a 4 hour equilibrium today, which means the bulls need to shift momentum back in their favor this morning.
4 hour EMAs are still resistance, and shorts have still not covered. The next event on the charts that would force bears to cover would be a bull break of the daily inside bars.
Bears still have the upper hand overall and do not lose sight bulls are fighting the trend. I always take profit faster when that is the case.
ETH Bull Volume Missing Weak bounce attempt on the 4 hour is currently forming another potential bear flag.
The volume for the bulls continues to decrease as there is no reason for bulls to get excited nor bears to cover short positions.
Daily inside bar potentially forming today and we should see a spike in volume this morning on the hourly to give us an idea who will continue to control today in the short term.
If we do not see bulls put up volume in BTC or ETH, we cannot trust this bounce as they are not "proving" anything to us.
RSI levels are cooling off and bounce players should protect against another potential leg down.
Lack of support on the daily and weekly put ETH and LTC in a much more fragile position than BTC.
BTC Awaiting 4 hour EMA TestAs described in the video, bulls still have a long way to go for a daily bounce to take place.
We need to set a clear 4 hour lower high once this bounce tops out, and then consolidate for a healthy higher low.
Any increasing bear volume on the hourly, or inability to get over hourly or 4 hour EMA will keep the bears in control.
RSI levels are cooling off that could allow for another leg down so any bounce players need to anticipate worst case.
Bears are still comfortable with no pressure to cover, and we see the shorts chart continue to climb with no one covering.
Daily inside bar is likely to form today to give us clear levels to watch for tomorrow.
Still no bullish signs on volume in terms of increasing strength.
ETH 4 Hour Oversold Bounce Has Not StartedBulls crushed after a clear bear entry on the break of the 4 hour equilibrium yesterday.
Huge fast profit for bears on that dump and ETH is now looking down at the $360 low which is an important support.
The weekly bear flags with follow through were the initial red flags for the bulls and the bear break of the daily equilibrium started the waterfall drop.
We will look for a 4 hour lower high on the bounce attempt and keep in mind that RSI levels can get more extreme if BTC does not have similar levels. Right now BTC 4 hour RSI is 5+ points higher than ETH.
Pateint bulls are waiting for the 4 hour chart and not trying to catch a falling knife.
No bear entries without 4 hour RSI cooling off in my opinion.
BTC Tightening on the Hourly Bears still have full control as bulls are struggling with 15 min EMA resistance.
If we break the lower highs, we zoom out and watch hourly EMA resistance.
Best case for the bulls, we still are likely to form a 4 hour lower high on this bounce attempt and continue the pattern of 4 hour lower highs which has been intact since $8,000+.
Patient bulls are just waiting for a change in the 4 hour trend to see a short term bounce on the daily to set a lower highs.
Another leg down will see 4 hour RSI approaching 20.
I personally had bids in the $6,400s last night that gave an average of $6,450.
I have exited a portion small profit to remain conservative as it is counter-trend.
#TRON Im getting my long position - I think the bottom is nearlyHi everyone :)
It's been a while since I traded TRON now last time, and I see again now the possibility of a long trade, this time I take a position with 20x leverange.
What I see is that TRON now moves to take a breakout of the falling wegde hopefully, and that's something it must do now as it's soon finished the wegde I therefore believe in a long position here, since most news around TRON lately has been fundamentally good, removed from the hype.
20bb shows signs of bullishness inside the 200bb, and i also think we are very close to the bottom from this long downtrend and its time to get some buyers into trx again.
EasyX Community:
-We are a small Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned.
-Want to learn more about Technical Analysis and to become a better trader?
-We believe in sharing knowledge and learning from each other is the strength of success.
-Gladly join the Discord Community and participate to trade with us - You are welcome :) - discord.gg -
