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BTC 4 Hour Equilibrium TightensBitcoin in a tightening pattern on the 4 hour which is showing up as a daily inside bar. The break of this range today will dictate momentum for this week as it is time for the bulls to prove follow through or shut up. Healthy daily consolidation so far which is a great setup for follow through, but bulls have disappointed on many occasions the last few weeks. The current setup will allow for a trade entry on a break in whichever direction, keeping in mind we have been seeing some fake outs. Clear higher lows and lower highs to use as stop levels for those wanting to keep a tight leash on the trade. Lots of patience waiting for this break, likely sometime within the next 8 hours or so. Watch for volume to indicate potential follow through when the break occurs. Be skeptical of a low volume break.
BITSTAMP:BTCUSD
by TheChartGuys
2
ETH 8 Days in a Row of Lower HighsETH leading the way to the downside already hitting lower lows. This is some of the most bearish comparative action we have seen from ETH in months. Until we break daily lower highs the bears have absolute complete control and a date with $400 psychological resistance. From there support is $360, the must hold level on the weekly chart if the bulls want to form a higher low. Slow bleed for the bulls recently with only a couple news related pops. If you take away the two recent news reactions, bulls literally have not done a thing in weeks. Bears continue to feast on the trend and bulls continue to wonder where the bottom is. The safest play continues to sit all cash if looking bullish and patiently wait as there is no need to nail a bottom to make good money when the momentum finally does shift.
COINBASE:ETHUSD
by TheChartGuys
2
BTC Bulls clinging to a thread of short term hopeDouble bottom on the daily as it was clear bulls were intentionally defending this support overnight. We are still weak with 4 hour lower highs and potential bear flags however, all EMAs resistance. We will either start to turn EMAs on the hourly and 4 hour into support... or break down today. The momentum continues to favor the bears after the Tether FUD. Another leg down will have us back in daily oversold conditions shortly. Also note the daily RSI tight pattern has broken bearish, another signal that favors bears. LTC will be back to the most oversold name on the daily chart out of the major players. Still a downtrend, bears still in control, and I still have little to no interest trying to play as a bull with so many bear flags out there.
COINBASE:BTCUSD
by TheChartGuys
9
ETH Continues to lead in weaknessWe have now seen 7 days in a row with lower highs for ETH. We are heading down to the lowest price on this drop which has already dropped to a lower low on the daily where LTC and BTC have not. If we break to lower lows there are not many support levels left before the weekly support in the $300s. Very clear steady trend for the bears that will have to be broken with lots of momentum and volume. Hard to anticipate any kind of significant move to break this momentum without news. Looking for clear breaks in the other names that are still in tightening ranges within the next 24 hours.
COINBASE:ETHUSD
by TheChartGuys
1
BTC Tight and Bears have the Upper PawThe daily range continues to tighten as anticipated in the video last night. We can see it with more detail on the 4 hour chart that the bulls need to form a higher low this morning. Daily inside bar is forming today but a long way to go before the candle closes. RSI line is trending down towards the support line in the tightening pattern. The overall trend favors the bears for continuation as it is much easier to continue the trend than it is to go against it and change momentum. Anticipating a break of this tightening range within the next 24 hours. $5,500 support if we drop to lower lows.
COINBASE:BTCUSD
by TheChartGuys
3
BTC Daily RSI EquilibriumBTC forming a tightening range on the daily with a higher low trying to form to put us back in a tightening pattern. Remember the last time the bulls had any conviction with to start April and the bull move started after a daily equilibrium. Looking for clear break Thursday or Friday. Bulls still have proving to do and the bears have favor in this pattern until then. Bulls still not seen two green days in a row in over a week. A bull break will put us right into daily EMA resistances, which will be a very key test for follow through. BTCUSDLONGS are increasing and shorts decreasing the last few days. Remaining patient and aware that when this break occurs, it will likely happen all at once and out of nowhere. This is a scenario where a trade could establish a starter position within the tight range and just keep a stop loss for a bear break. I do this when I dont want to have to chase and try and fill a full position on the way up.
COINBASE:BTCUSD
by TheChartGuys
9
POPULOUS: TRADESPACE COLLAB. & 3RD INVOICE - PROFIT = 31.84% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of June 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 31.84% PROFIT!!! The increase in price may also be explained by positive developments including: April 20: Populous releases white paper for PXT (POPULOUS XBRL PLATFORM). April 20: Populous releases white paper for PXP (POPULOUS XBRL PLATFORM). April 21: Populous moves its platform from Ethereum -2.00% Test Net to Ethereum -2.00% Main Net. April 21: Populous announces signup process for the Beta-Live. This means real invoice trading functionality was enabled on the platform. April 30: Populous announces that the first invoice will be ready for auction with the beta is open to the all PPT 0.00% holders. May 1: CEO of Populous announces that Populous' XBRL database will add 3 million companies over 10 years. May 3: CEO of Populous announces that first invoice has been filled for £190,000. May 13: Populous announces release of its Populous Invoice Platform Patent. May 13: Populous announces release of its XBRL Platform Patent May 30: Populous World successfully closes world’s first invoice sale on the blockchain. May 31: Populous World announces partnership with Cashaa Ltd which includes making the Cashaa wallet available to all Populous World users. June 1: Populous World announces that invoice buyers have now started receiving deposits for profit Pokens sold back to Populous World. June 5: Populous World announces that a second invoice of value $211,000 British Pounds is funded in LESS THAN ONE MINUTE. June 13: Populous World announces that the third invoice is sold on the platform for £187,110.00 @4.52% discount. This was filled in less than 60 seconds. June 23: Populous World have announced a collaboration deal with TradeSpace, an invoice factorin platform based in India. TradeSpace is an Indian invoice finance platform helping India based businesses that supply products to multinational companies. It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets. *The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)*
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by CryptoTradeSignals
ETH Breaks 4 hour Higher Low SupportAfter bulls slowly faded and consolidated all night in the crypto world, ETH took it a bit harder with a loss of support. Neither LTC nor BTC lost 4 hour support for comparative weakness the last 18 hours or so. Bulls will need a clear trend change on the hourly to shift momentum as the bears have full short term control. Daily EMA 12 resistance will continue to be on watch as it drops down each day. This is a set back for ETH and it will require more bullish action to catch back up to the others if we do see continuation on this weak bounce attempt. Note the "legs" up have been very brief spurts on bullish news and without it, the bulls are not proving much. Remain cautious and continue to make the bulls "Prove it" to you.
COINBASE:ETHUSD
by TheChartGuys
4
BTC Long Slow Fade after Tether BumpBTC continues the pattern where bulls have no momentum for a follow through after a news bump. We have been slowly consolidating and fading for over 18 hours as the bulls try and establish a 4 hour higher low. Bulls need to break the hourly lower high pattern to shift momentum back in their favor. Daily EMA 12 will continue to be key resistance to watch on any follow through. At this point the daily chart can absolutely be another bear flag leading to lower lows. No trade zone if not already currently in a position.
COINBASE:BTCUSD
by TheChartGuys
4
ETH Bulls Testing High of the BounceBTC bulls continue to see hidden resistance at $6,200 keeping them from higher highs on the bounce LTC and ETH are trying to follow along, and seeing a bit less overhead resistance... but they wont get far without BTC. Bulls MUST see a green follow through day to confirm the daily reversal candle from yesterday. Clear channel this morning with high of the bounce and low of consolidation ranges. Daily EMA 12 resistance will be the next target f we see a bull break for continuation. Time for bulls to prove something, no benefit of the doubt going counter trend.
COINBASE:ETHUSD
by TheChartGuys
1
BTC Hourly Upper Wicks, Need Follow ThroughBTC has been consolidating for many hours following the mini short squeeze yesterday. The bears have contained the price, and closed thousands of shorts in the process. There is no longer the potential for a short squeeze as the bulls let the bears off the hook. The only hope now is that the bears switch to bullish to see continuation. Most coins in the crypto space MUST see continuation today and a green day to confirm the reversal candle from yesterday. Break the low of consolidation and it will be a set back keeping the bears in control. As long as we see upper wicks, it shows me bears defending resistance and keeping control.
BITFINEX:BTCUSD
by TheChartGuys
1
$ETH - Etereum Weekly Upate - BittrexEthereum was having a good run, but I am looking at long term sustainability for this coin here and the last few weeks we have seen a decline. This is the bitcoin pairing here, and i am hoping we find support at 0.0715 by the end of the week. I we hold above this line, that would signify a higher low which is good for long term bullish sentiment. 0.0862 would bee the weekly high we need to break to get the higher high, then we can consider ETH to be turning bullish once more. RSI did just hit 49 right below 50, bearish move but so close if volume spikes we may get the push up we need.
by UnknownUnicorn2091450
$BTC - Bitcoin Weekly Update - BttrexWell the bears are still in control for another week, and we are starting this week in the same fashion. Today i have a KC channel up showing that we are below the lower band, which is an overall strong bearish trend like we have had the past few weeks. Lower highs and lower lows with no strong swing in sight yet. We have been testing the 6K line to many times for my liking and if we do not rally in the next 'm going to say two weeks, I'm afraid it will finally break and we will have a continued fall from grace. I do not like to be the bearer of bad news, but it is the truth if we are looking at long term stability for Bitcoin. $5737 was the lowest point last week so that starts my range for this week. If we hold above this week, then we are in good shape, though if we fall below and close the week below it, long term worry. RSI s below 50 and on a steady downward spiral. All grim outlooks i am afraid. Though, if volume picks up, there are a lot of hurdles we will need to break in order to see a bullish market to return. 10k is the magic number. We need to see a close above 10k at least which would give us a weekly higher high from the last weekly swing of $9980 to where you can say were in a long term bullish market once more. That doesn't mean we can have short term bull runs, but I am looking for long term sustainability right now. So, if you want to see the bulls come back now may be a good time to buy.
Short
by UnknownUnicorn2091450
ETH News Dump but holding better than BTCNews dump in response to Japan telling exchanges they need to change their systems to quell money laundering. Yeah I used quell. I personally am not trading any oversold bounces until 4 hour RSI gets down to 20. Too many bear flag weak bounces the last 6 weeks. Bears have complete control after daily EMA rejection and now it is just a question of if the bulls can hold the daily lows. ETH has a lot more space to work with before we get to the daily low vs. BTC. Remember RSI levels can get more extreme on news, and there is a lack of bulls buying the dip with market sentiment very low. I will continue trading other markets like Canadian MJ until the bulls change the trend on the daily, or until RSI levels get to the extremes. Congrats bears.
COINBASE:ETHUSD
by TheChartGuys
2
BTC News DumpThis is a news drive market. The last 3 moves are based off news and nothing happens in the between time. This is a dump in response to Japan telling exchanges they need new game plans against money laundering. I am personally not looking to play an oversold bounce... they are not nearly as profitable as they used to be. Give me 4 hour RSI at 20 with a $6k break and I will start to consider it. Bulls are trying to hold $6,135 to form a higher low on the daily chart after 4 rejections from EMA 12 resistance on the daily. Note RSI levels can get more extreme in reaction to news. Bears are very comfortable with an entry on the loss of 4 hour higher lows, with stops at break even now worst case scenario. Until the daily trend changes, I will be trading other opportunities in other markets.
COINBASE:BTCUSD
by TheChartGuys
21
ETH Bulls Testing ResistanceA bit of a fake out last night when we broke the high of the tether news reaction so far, and saw no follow through. This is where following BTC is important, as BTC did not break this resistance and then pulled back. This took ETH with it as well. Bulls Still look good on the 4 hour chart and have short term control of the trend. We will be looking for a resistance break and continuation with the next level at $570.70. Make sure there is volume behind breaks and cautious of fake out on shorter term time frames. The hourly is a bit choppy so I like the 4 hour for clarity.
COINBASE:ETHUSD
by TheChartGuys
5
BTC Choppy but still Bullish Short TermBulls held well overnight without much consolidation after the tether news bump. We are still battling EMA 12 daily resistance and will need a clear loss of support and the uptrend line to see bears take over the short term. With a bull break we will look towards $7,000 psychological resistance. The hourly chart and shorter term time frames are a bit choppy so I would suggest using longer term time frames like the 4 hour for key levels. News has been the driving force of the market the last two days so keep a pulse on what is going on. Big upper and lower wicks show a lack of follow through in either direction.
COINBASE:BTCUSD
by TheChartGuys
13
ETH Bulls Try to hold 4 hour higher lowsETH 4 hour chart looking a bit more bullish than BTC, but a break of overnight lows will shift momentum to bears. Bearish reaction to markets on the Bithumb hack giving a more emphatic rejection from daily EMA resistance. Keep an eye on volume as the hourly volume is still favoring bears. We will look for a daily higher low to form even if we continue pulling back from here, as the last support on the daily is $488. Patient waiting for another clear entry for bulls, while many bears are already in positions. 12:15 PM Eastern 4 of the last 6 days has given a bull spike so pay extra attention during that time.
COINBASE:ETHUSD
by TheChartGuys
3
BTC Bulls Must hold Uptrend SupportAfter a bearish reaction to the Bithumb hack, we have a clear uptrend on the 4 hour that bulls need to hold to continue to have hopes of breaking daily EMA resistance. If we lose this support we will look back towards the low $6,000s. Previous support is now acting as resistance on a weak bounce attempt. Lots of bears have entered positions in our sample group of traders, and bulls have little momentum to force any covering. Hourly EMAs were lost as support and now they are acting as resistance. As I am only trading bullish on GDAX, I am personally patient and all cash focused on other opportunity as WEED goes for all time highs today on Canada official legalization.
COINBASE:BTCUSD
by TheChartGuys
7
$BTC - Bitcoin Analysis - BittrexWe start with long term outlook, i go back to the monthly chart and fine me a current trading range to be aware of. Right now we are below the 12 period moving average which is a small cause of concern for any continued growth. This tells me we could still be in a correction from the all time high we have near six months ago now. I want to see the month end above 7200, and if that happens, that would be a good sign of growth for the future. RSI though has been in a sharp decline but still above 50 with monthly volume on a very sharp decline. This is a fear that confidence in Bitcoin has been on the decline. Even with the large amount of shorts going on, the selling volume is still on a decline. Les trading is going on every month we continue. Unless volume increases, the decline may continue to bleed out very slowly. If we can not see a monthly close above 7200, we must find support around $6k. This is a strong area of support. This needs to hold or we can see a plummet to the 26 period moving average around $4374. On the weekly chart, MACD is still very bearish with no crossovers in sight. RSI is below 50 continuing this bearish trend though we have a slight uptic as this week has been positive but week. For a good week and a good bullish sentiment, we need to end the week over $6900. That will be a strong point of resistance that will need a good amount of volume to break. If we do not break it, expect a decline. The daily chart actually looked good though today were seeing some resistance. The 12 period moving average has been a strong daily resistance line for weeks now and today is no different. To break the $6900 weekly we need a close above this line for long term support. Right now it appears the volume may not be enough right now to do it, but we have a MACD cross happening and momentum getting better so there is a chance volume will spike. It needs to spike above the average for there to be sustained movement. Though since BTC is sideways you can try and play the channel for some short term gains. If we go back down from the current resistance, you can try and sell and see if there is a bounce off around $6100 and buy back in. The 4 Hour chart is actually very bullish right now. We had a move above both moving averages and starting to see a correction. MACD is positive and this is an overall good sign as long as the 4 hour holds. If we hold on the smaller time frame, we have a better chance of breaking the $6700 and $6900 lines of resistance. As we see a decline right now, we need to see a bounce off the 12 period moving average. If this is maintained and volume increases, we may be in good shape. If we fail at these lines of support, then we hope for the bounce near $6100.
by UnknownUnicorn2091450
ETH Bulls Catching up to BTCRemember BTC broke to a higher high on the daily while ETH, LTC, BCH did not. This is now ETH playing catchup, breaking bullish and seeing continuation from the move yesterday, but still not breaking $530. Watch the pattern of buying at 12:15 PM Eastern and see if we get continuation today. The fact that BTC led the way tells me the pump likely originated in BTC and then arbitrage and bots cause the others to run with it. Bulls looking to maintain hourly higher lows and keep full control as we continue to battle EMA 12 resistance on the daily. Hourly RSI would likely get up to 80 for bulls to break $530 on this current run if we do not see consolidation.
COINBASE:ETHUSD
by TheChartGuys
3
BTC In Range Testing EMA 12 Hourly SupportSideways trading all night as bulls stayed in the range highlighted in the video. Note the red arrows marking bull spikes at 12:15 PM Eastern. Keep an eye out for a potential spike at this time again today. Currently healthy consolidation without much profit taking from the bull move. Bulls want to continue to hold the low of consolidation as EMA levels catch up. Keep an eye on EMA 12 resistance on the daily time frame as well. Bulls continue to only muster brief spurts of volume rather than sustained buying or accumulation.
COINBASE:BTCUSD
by TheChartGuys
8