ETH 4 hour Potential Equilibrium ETH has not formed a 4 hour higher low and higher high yet like BTC has.
If we continue to pull back we will have a clear 4 hour equilibrium to watch for the rest of the day.
Bulls have more work to do to see the 12 EMA cross 26 bullish like it currently is on BTC.
Daily EMA resistance will be next if the bulls can clear the top of this bounce in the mid $580s.
Currently a daily inside bar forming with the 4 hour EQ.
The ETHBTC chart to watch for strength in comparison to each other is pretty much forming the same 4 hour pattern as ETHUSD.
Cryptocoin
BTC 4 Hour Higher Low and Higher HighBTC bulls have continuation on the bounce after setting a new support level and continuing the bounce.
We now look to daily EMA 12 resistance to be tested, and the bulls MUST keep the 4 hour higher lows.
EMA 12 is crossing 26 bullish on the 4 hour chart, which has not happened since the mid $8,000s.
Posted on twitter yesterday about the dump to 15 min RSI 21 being the entry opportunity the patient bulls were waiting for.
Now we play the same EMA, and higher low/ higher high game on the daily chart as we head into the weekend.
Lots of resistance with 3 tops at $7,662.
LTC Bulls Keeping Control of the BounceLTC very similar to BTC on the 4 hour, keeping control of the bounce and holding EMA 12 and 26 support looking for the bull cross of these EMAs.
We are not forming an inside bar on the 4 hour like BTC and ETH as the range has already tightened and broken.
The price is currently close to the high of the bounce at this point.
We will be looking for any clue if one of the big 3 sees continuation first. This will increase odds the others follow.
Daily EMA 12 resistance will be tested if we head to higher highs on the 4 hour.
This resistance has rejected the bulls multiple times, and if we reject again the bulls will need a higher low on the daily.
Swing bulls are waiting patiently for this key resistance test.
ETH Bounce Bulls Keeping ControlETH currently forming a 4 hour inside bar, trying to keep EMA support.
We have a more clear higher low on the 4 hour than BTC so far, and bulls ideally want to hold this level as if it is lost so will be EMA support.
We have a wide range between support and resistance at the top of this bull move, which we could trade within all day.
Daily needs a solid green candle to confirm the bullish reversal candle of yesterday.
The bull volume on the bounce compared to bear volume on the dump, tells us this bounce is for real.
The 4 hour inside bars will dictate momentum for today, so that is our short term range to watch.
BTC is closer to a 4 hour EMA 12 crossing 26 to the upside than ETH, and ETHBTC 4 hour chart pretty much mirrors ETHUSD trying for the 4 hour higher low and higher high.
The most patient bulls are waiting for a daily higher low to enter on consolidation.
BTC 4 Hour EMA Support IntactBulls still keeping full control of the bounce at this point with EMA 12 support after it was rejecting the price on the way down.
Currently forming a 4 hour inside bar to be watching this morning. Volume dropping off.
We are watching EMA 12 resistance on the daily, and the need for a higher low and higher high to be confident our weekly higher low is set.
Increasing bear volume and loss of EMA support on the 4 hour would be a red flag, though not game over for the bulls.
There are many tops in the $7,660s that have to break for this bounce to be for real on the daily chart.
Those in are comfortable with stops below the recent low, and those looking to enter are patient for a daily higher low on the daily.
Bulls need to see a solid green candle on the daily to confirm the reversal candle from yesterday.
$NXS - Nexus Daily ChartNexus has had a good overall run on the long term so I am looking for an entry point. It seems though I may have missed my opportunity as over the last week we have seen some nice gains overall. Right now though we are breached above the top Bollinger Band and the BB% shows we are overbought. This means we will see some correction happening, though this is good. Depending on where we correct too I may consider an entry. The AC oscillator is still green showing the trend is still strong and as long as we close above 28549 today that becomes a new line of support, so I hope for a correction this point and wait for a verified bounce. If this new support doesn't hold, we can see correction as far down as the 20 period moving average. As long as we see support there, this is still a viable trade to look for entry.
$ZEN - Zencash Daily ChartZencash has seen a good bullish run the past week and is now coming down on a correction. Looking for a buy in I'm waiting to see if we get support 425995 SATS and if so we would need to see a break of the current channel and break resistance near 455338 SATS. If this occurs may be a good time to buy in as the AC oscillator would still be positive.
If support fails here, we hope for support at the 20 period moving average with all indicators following in the same direction.
$XMR - Monero Daily ChartMonero has has been a good overall coin in the privacy sector for months and has a strong longer term outlook. For entry here I wait for a confirm change in trend and looking for this current channel to break. We have the indicators of a new trend today as we have a nice green candle forming with some divergence on the BB% indicator and the AC oscillator is moving above the zero line showing there could be a new trend, however we wont confirm the trend change until we break the current channel. Along with the channel break, I want to see a candle close above the 20 period moving average then we need to break Resistance at 2439439. It is a lot to wait for here to look for a good entry, but I hope this indicator shows we are heading in that direction. If we are unable to break the channel and head south once more, support is around 2205299 SATS though the bottom bollinger line right now is slightly above this, so we may get a bounce there as well.
$XLM - Stellar Lumens Daily ChartStellar has been a popular coin on the markets and has a good long term monthly and weekly chart so I am looking for entry here to start accumulating come tokens. I wait for a trend change and right now with many other coins at this point in the market we are in a bearish channel. There was an indication of a trend change for Stellar on 5/24 though today we see a red candle forming showing the trend change may have failed. The AC oscillator is positive though with today's selling pressure may change this. the BB% is trending down right now and seems we will not be breaking the channel today.
For an entry I need to see the AC oscillator remain above the zero line and we need a daily candle to close outside of the current channel. We need to see a channel break and a break of the next line of resistance I have drawn around 3917 SATS. Though if the bearish trend continues we will not see support until 3624 SATS for a possible rebound.
$LTC - Litecoin Daily ChsrtI consider Litecoin one of the top three currency with Bitcoin and Ethereum regardless of market cap. It has more adoption as a currency then most other altcoins. I look at the BTC pairing here and the monthly and weekly charts are slightly regaining strength but kind of sideways. I hope for a stronger uptrend in the future so I am looking for an entry to start accumulating this coin.
We have come off some support off the lower bollinger band and a prior area of support near 1585910 SATS. the BB% oscillator is showing a positive bounce and trend change and the AC oscillator is heading to cross the zero line. I am looking for a break in the channel with a continued trend on the BB% and the AC oscillator to cross the zero line. Once we have a daily closing candle outside the channel, may look for an entry, though the 20 period moving average may show some resistance, may have to wait for that line to break.
$GRS - Grostelcoin Daily ChartGrostelecoin is another coin that has a good monthly and weekly chart showing good possibilities for a longer term investment. Looking for sn entry i hope one comes soon. We have a slight correction going in a bearish channel right now, though we have signs of another trend reversal. AC oscillator going above the zero line and we have a bounce off some support near 13133 SATS. To confirm this trend change, the channel has to be broke at the top with a candle closing above it. If this occurred and the AC oscillator continues to show strength in a bullish trend, may be a good time to make an entry and start accumulating the coin.
$EMC - Emercoin Daily Chartn A third coin in my long term investment review we have Emercoin. The weekly charts have been bullish for this coin hence why it is on my radar for a longer term accumulation of the token, though as with many coins over the past week or two, we are still in a heavy bearish price correction. Volume overall on the coin has been very low so there has not been much trading done over the last week or so, but there has been some movement on the coin, right now in a heavy bearish trend. There was a possible trend change on the 24th where we bounced from an oversold are but it quickly turned bear once more. the AC oscillator has been silent showing a bunch of false tend change signals and where heading back to an oversold area once more. I hope for a bounce at the last line of support around 31477 SATS. If support holds hear I want to see a break of the current channel to consider an entry. This break has to be solid with a candle close outside of the channel itself.
BTC - Bitcoin Dily ChartBitoin is at it again with a failed attempt to break the 10k Limit and in a way we have gone sideways when it comes to trading the primary coin on the market. There is not much to say other than the trend is very bearish at the moment. the bearish trend is still very strong right now and going down this current channel. BB% confirms the trend as we are riding the lower bollinger band. the Ac oscillator als shows a strong bearish trend with no real support close by. We have not moved into a completely oversold area yet on the BB% or broke the bottom band, though i feel we will hit the last support near $6678 before any chance for support. This area has been very strong the last few times we have hit these lows with some nice rebounds so I hope this trend continues. This will be the third time this past year we have hit this support zone so perhaps this will be the tipple bottom we hope for and see a rally past 10k.
ANT - Aragon Daily - BittrexAragon is a coin that is on a radar for a longer term investment though I am waiting for a good place to buy in and it may be happening very soon. Right now the trend had moved into an oversold area and has broken the lower bollinger band, so we hope that we will see some bullish volume increase over the next few days. We have fallen below a daily line of support which now becomes resistance moving forward. This line is around 44215 SATS so for a confirmed trend change, we need a daily close above this line. The next line of resistance that concerns me is the 50286 SAT line as this is monthly resistance, so for a long term investment I have to really consider this resistance line for the future. The AC oscillator is showing signs of a possible trend change with the last green line for today shows some people are buying which is a good sign.
Right now we wait to see if we can get passed the mentioned resistance line, a confirmed close above this line, then consider a buy in to start accumulating coins. We wait to see if people start to buy since were in the oversold area.
BTC News Out, 4 hour RSI back to 20After the extreme dump and extreme RSI levels the last 24 hours we have been wondering what the news was as that is often the reason for moves getting extreme. Now it has come out (interestingly timed at 4 AM US for the 4 hour bear flag) that some unnamed insiders say there is a criminal investigation into crypto price manipulation. In my opinion the timing of this news is absolutely not a coincidence and could be released any time they chose.
The 4 hour RSI dipped back to 20 and the daily RSI is now at 32. The bottom will not be confidently in until we see a 4 hour higher low and higher high, as the bears still have full control.
Still anticipating a weekly higher low to form in the Equilibrium, as we would still need a 10%+ drop from these levels to break it, though the odds of the weekly EQ now favor bears 60/40 in my opinion.
Still trading around the dump, sell orders in the $590s and low $600 filled last night, as did fishing bids at $555 and $547.
It will take some proving by the bulls with volume to encourage any re-entries, and many trader (including myself) already have a higher than desired cost basis.
Many signs point to daily oversold RSI coming, which would put us right around $7,000.
In my opinion this news is bullish for traders and investors, with the only downside being likely less volatility for traders if the issue was remedied. We COULD see something like the US ban exchanges that do not adhere to certain regulations to prevent the blatant manipulation.
Traveling all week, so limited TradingView updates.
LTC Clear Lead Bear with this Dump Through SupportBTC and ETH still barely holding hourly supports, but LTC dumped well below them.
Lead bear right now which has been the case far more often than not the last couple months.
There are small bursts where that changes, but I will continue to avoid LTC as a bull until it shows relative strength vs. BTC and ETH.
Currently all cash and patiently waiting for daily consolidation and a higher low to form.
Bulls need a daily higher low and higher high for us to be confident that our weekly higher low has formed.
ETH On the Verge of a Lower High and Lower Low HourlyETH a bit weaker than BTC this morning as I continue to monitor ETHBTC and the potential loss of the daily higher lows.
Break this support and the 4 hour consolidation will continue.
Clear daily EQ playing out with a lower high vs. $746 being set.
This will be a very clear pattern to play later this week as the weekly inside bars show the tightening range.
I will re-evaluate ETH as my go-to play if we lose ETHBTC daily higher lows.
Looking like a consolidation day and wont be forcing any entries while waiting for daily higher lows to form.
BTC Hourly Equilibrium PatternBTC is forming an hourly EQ pattern with a double bottom as support.
We will likely see a break within the next 6 hours but until then expect low volume and a lack of price movement.
If we get a bull break, we will be heading towards $8,880 resistance on the daily.
If we get a bear break, we will be looking for further consolidation on the 4 hour, and for the daily chart to pull back in a need to form a higher low.
Currently back to all cash and waiting for some more clarity this week.
As highlighted in the video yesterday, this is going to be a key week heading forward as to whether or not our weekly higher low in the long term equilibrium has been set yet or not.
Establish a game plan for both scenarios... what will I do on a bull break of this EQ?
A bear break? Nothing is an acceptable answer!
TRON: IMMINENT MAINNET RELEASE = 22.96% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 22.96% PROFIT!!!
The increase in price may also be explained by positive developments including:
14 April: TRON launches Project Genesis: a reward pool totaling $2 billion USD and a variety of programs—all for the TRON community and developer
21 April: Bit-Z will support TRON main net migration
21 April: TRON airdrops 30M TRX to Ethereum holders.
22nd April: TRON is the second most active developed cryptocurrency on Github.
24 April: TRON launches TRONSR forum.
24 April: TRON will be listed on Coinbene.
24 April: TRON starts trading on Bittrex.
28 April: TRON is ranked by TokenInsight to be the first in line code submissions and indicator of development activity.
28 April: Bittrex publicises that they will support TRON's Ethereum 1.79% ERC20 token to a new TRON mainnet and blockchain.
1 May: Bitfinex announces that they will be supporting the blockchain upgrade and token swap.
1 May: TRON initiates airdrop of TRON to Ethereum community.
2 May: Coin Tiger (Chinese Exchange) lists TRON.
8 May: TRON Mainnet Odyssey-v.1.0.6 is released.
9 May: TRON announces that they have more than 1.08 million users.
9 May: Binance announces that they will be supporting the blockchain upgrade and token swap.
9 May: Coinrail (Korean Exchange) announces that they will be supporting the blockchain upgrade and token swap.
10 May: TRON announces that their 30 Million TRX Token Airdrop is Complete.
10 May: TRON announces only 21 days until mainnet launch.
10 May: TRON announces that TRX has been accepted as a method of public charity fund-raising by a well-known American charity.
12 May: Coinnest (Korean exchange) announces it will support the TRON blockchain upgrade and Token Swap.
12 May: TRON announces that will be launch TronVM v.0.1 on the 25th May. This version will be fully compatible with the Ethereum VM allowing Ethereum developers to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON.
(NEW) May 14: Zebpay (Indian Exchange) lists TRON.
(NEW) May 14: TRX ranked first in code submissions in the last seven days, last 30 days, last 60 days
(NEW) May 16 : Bitpie Wallet announces it will support TRON blockchain upgrade and token migration, As a new-generation blockchain asset management platform.
(NEW) May 18: Tronscan V2 explorer is released that offers a brand new design, the possibility to search on our blockchain & get a snapshot of its development, vote & follow the activity of the Super Representative candidates
(NEW) May 19: Rightbtc will support TRON blockchain upgrade and token migration.
(NEW) May 19: BixinIM will support TRON blockchain upgrade and token migration.
It is also noted that The Tron Main Net is poised to be launched on 31st May 2018 with TRON will be migrating from ERC20 token to TRX starting from 21st June 2018. It is noted that the Super Representative elections will be held on the 26th June 2018 (a Super respresantive is the bookkeeper on the TRON network. The elected number will be a total of 27. They are responsible for verifying the transaction data distributed on the network to perform package transaction and create blocks).
An increase is trading volume is driven by Korean and Chinese Exchanges accounting for roughly of all trading volume .
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
AELF: NEW DEVELOPMENTS = 22.34% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 22.34% PROFIT!!!
The increase in price may also be explained by positive developments including:
December 2017: Binance lists aelf.
January 2018: aelf ($ELF) releases free "Candy Program" rewarding users for performing certaiin tasks.
March 2018: Kucoin lists aelf.
April 20: Bithumb lists aelf.
May 15: Aelfiego is launched.
May 20: aelf has taken its first step into the gaming industry with the recently announced partnership with Fair.Game
May 3: aelf forms an Innovation Alliance with FBG Capital, Huobi Labs, Michael Arrington, Roland Berger and Signum Capital.
May 4: Airswap lists aelf.
May 18: Iconomi adds aelf to their platform.
The surge in price is believed to be driven by multiple exchange listings and general recovery of prices in the cryptocurrency markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
STEEM: Smart Media Tokens? = 20.88% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 20.88% PROFIT!!!
The increase in price may also be explained by positive developments including:
January 1-30: Steemit announces partnership with Datawallet allows creators on the Steemit platform to monetise their content.
February 2: STEEM is listed on Binance.
February 18: Steem AppBase release candidate is released.
April 10: Positive Article was released by Businessweek which stated that Facebook -0.59% and Youtube were losing creators to blockchain powered social networks like Steemit and Dtube. Steemit has become an open competitor to Facebook -0.59% a ($462.38 Billion company). This has article has provided mainstream exposure to Steemit.
April 26: Positive Article from Forbes which covers the rise of blockchain powered social networks like Steemit. This has article has provided mainstream exposure to Steemit.
April 28: STEEM is released for trading on Huobi. This has led to substantial spike in volume .
(NEW) May 18: The CEO of Steemit announces the development of Smart Media Tokens (SMT) and the Smart Media Token Protocol. The SMT protocol aims to allow for new features on the steemit platform including:
1. Initial Coin Offerings
2. Monetization
The surge in price of Steemit is believed to be driven by the announcement of the development of the Smart Media Token Protocol and general recovery of prices in the cryptocurrency markets.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
POPULOUS: MAIN NET LAUNCH 29.60% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 29.60% 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 Test Net to Ethereum 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 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
Analysis reveals that the increase in the price of Populous is being driven by the successful launch of it's mainnet (with the filling of it's first invooice) together with the general price recovery in the cryptocurrency markets.
**The "Crypto Bottom SIgnal" used in this analysis is included as part of the Crypto Trade Signals subscription.**
LTC Weak Bounce on the 4 hour, Lower High WatchWe saw BTC hit hourly RSI of 21 last night as we broke $8k psychological support.
The bounce that has followed has not been particularly strong, so we are looking for a lower high.
I am personally not entering anything without hourly RSI in the 20s or a 4 hour trend change with a higher low and higher high.
If we get the 4 hour trend change, our new daily support level will be established.
Patience is the name of the game for bulls this week, and short term opportunity is there for some flips.
I believe this weekend will give us a potential multiple day entry setups so keep tuning into the videos!