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ETH Hourly Higher Lows on the HourlyETH bulls continue to hold the lead of the Big 3, slowly grinding higher. EMA 12 and 26 supports on the hourly are keeping the bulls in control. Lose hourly higher lows and we will look for 4 hour consolidation and a higher low. Bulls in positions are comfortable with the hourly trend, but bulls looking for an entry dont have the best risk to reward from this position. The 4 hour chart has had slim to no consolidation since the bottom of the pullback about 34 hours ago. Looking for a daily lower high to be set within the next couple days. Patient with the daily range in focus if wanting to remain patient.
COINBASE:ETHUSD
by TheChartGuys
1
LTC Daily Looking for the Higher LowThis daily setup screams bull trade potential to me as there is a lot of space on the daily for bulls to bounce even if we do see a lower high. We need the 4 hour trend to change for the bullish reversal candle to form on the daily, and to be our most confident in the bounce. With so much time left today, if this is just another 4 hour lower high, we could see the lower wick disappear by the time the daily candle closes. I have not traded LTC in a while, as ETH has a more bullish setup... but I am constantly watching for signs of the brief breaks LTC sees for short term bursts of strength to catch up to the other names.
COINBASE:LTCUSD
by TheChartGuys
3
ETH Tightening on the 4 HourWatching for the potential of another 4 hour lower high this morning as the pattern tightens up. If we break the 4 hour lower highs, the odds of the daily higher low of support being set and the bulls heading back to upper $700s is likely. The likely scenario, looking at BTC, would need a 4 hour higher low then a break of resistance. We also still have not broken the low of Monday which is keeping the bulls confident compared to BTC and LTC. Currently in a position from yesterday entry on BTC leg down. I took some small profit this morning and will look to add when I feel comfortable with the BTC bullish action. We know BTC WILL form a support on the daily after 4 red days, just a matter of timing.
COINBASE:ETHUSD
by TheChartGuys
2
BTC Bounce but 4 Hour Lower HighsWe got a flush under $9,000 last night that led to just barely touching hourly oversold RSI and 4 hour RSI hit low 30s as well. We are currently seeing a solid bounce but it is not likely to change this 4 hour trend. We will need consolidation to a higher low, then a bull move for continuation to a higher high to make us very confident our daily higher low of support as been found. The previous daily support is still intact. We will get a 4 hour Bull MACD cross when this occurs. I personally played the bounce with ETH and get this... BCH! First time in 5 months. I have taken some profit this morning but will let some positions ride for the potential to see this trend change with more follow through on longer term time frames. Increasing bear volume on the hourly would be red flags than another leg down is coming.
COINBASE:BTCUSD
by TheChartGuys
12
LTC Bulls need a 4 hour Higher LowBTC and LTC are currently heading down to test their recent lows, which bulls are hoping are our daily higher lows. In order for this to be the case, we have to see a 4 hour higher low this morning to try and reverse the 4 hour downtrend in play the last couple days. The correlations right now as the are most frequently have BTC and LTC strongest correlated and ETH more loosely so. Bulls can look to play oversold 15 min bounces and lock in short term gains or set stops to break even to try and catch the daily higher low. Other bulls that are more cautious will wait for the 4 hour trend change to get back in.
COINBASE:LTCUSD
by TheChartGuys
2
ETH Continues as Lead Bull Correlation ETH continues to lead the bulls whenever BTC sees any upside. We have a lot more space on the 4 hour to form a higher low, which makes it much more likely for bulls. We are still not very confident our daily higher low is set until the 4 hour forms a higher low and higher high, but due to the 4 hour chart setup for ETH the odds of the daily higher low being in are pretty likely. We need to see BTC form this higher low and then break the 4 hour lower highs for the ETH bulls to follow towards $800 resistance. If I see a setup I like today I will chose to play ETH due to this clear comparative strength. Cautious traders are waiting on a 4 hour break.
COINBASE:ETHUSD
by TheChartGuys
3
BTC Bulls Scouting 4 Hour Higher LowAfter a solid bounce day all yesterday, we could look at the 4 hour chart for Anti-FOMO knowing we were unlikely to break the lower highs, and would need to consolidate to a higher low before any trends changed. Now we are seeing this consolidation, and looking for signs on the hourly that the bulls are taking back over with a higher low. The daily chart is still in consolidation mode and we cannot be too confident our daily higher low is established until we see the 4 hour trend change. The two entries for bulls today are higher risk/reward but entering and trying to anticipate the higher low... or waiting for a bull break on the 4 hour time frame so we have clarity that the daily higher low of support has been set. Patience yesterday paying off for those who did not get the ideal entry as the dump lows.
COINBASE:BTCUSD
by TheChartGuys
5
ETH More Oversold This MorningETH had another leg down and flush to hourly RSI at 20 which LTC and BTC did not correlate with. We have the "securities" info today and no one really knows when, or if there is even a decision that will be handed down. This uncertainty will certainly impact the short term volatility. Solid bounce from the recent lows and we will need an hourly higher low and higher high for a short term trend reversal. Look for the daily to form another higher low at some point today and for a bounce to begin. I will be looking for a daily lower high as well as the momentum continues to shift back to the bears. Loss of daily higher lows will mean our weekly lower high is set. I will continue to play ETH and LTC hourly oversold bounces, with short term mindset to lock in the gains.
COINBASE:ETHUSD
by TheChartGuys
18
LTC Consolidation Mode with BTC LTC continues to set hourly lower highs and lower lows as we approach oversold conditions. The daily chart is still likely to easily form a higher low, and see a bounce attempt back towards the recent highs, which I feel will fail and set a lower high. Watching for the potential of 1 more leg down on BTC which would drop LTC into the upper $150s. Keep an eye out in the next 24 hours for a higher low on the daily to form, and the hourly trend to shift back to bullish for a temporary bounce. LTC has had nice volatility for gains the last few days, so it and ETH have been my plays on oversold bounce flips. Bulls need to scale back trading in consolidation mode.
COINBASE:LTCUSD
by TheChartGuys
2
BTC Cautious of Another 4 Hour Leg DownBTC has certainly entered consolidation mode with a loss of hourly higher lows, then a loss of 4 hour higher lows, and now the bulls try and maintain a higher low on the daily chart. The current bounce attempt looks like a bear flag and will be confirmed if we drop to a lower low. Hourly RSI will be right at oversold levels and 4 hour RSI will be approaching low 30s if we see bearish continuation. I personally will not look for an entry unless we see another move down for an oversold bounce. Watching for the potential setup highlighted in the video yesterday where we get a daily higher low, a bounce for a daily lower high, and then a lower low to change the daily trend and give us the weekly lower high we are waiting on. Scaling back my trading as the environment shifts from breakout bull to consolidation.
COINBASE:BTCUSD
by TheChartGuys
Litecoin Bulls Still Not Up to ParAfter bulls led BTC breaking the daily lower highs yesterday, they stalled out and were unable to keep the advantage. We have not broken the top of the daily bull move yet, which ETH broke 10% ago and BTC broke last night. I personally have not looked back at LTC after my initial trade, and will continue to stick with lead bull ETH for that reason. The moves in LTC come quick and lead to consolidation fairly quickly, and I find myself in another situation not having any interest in LTC bullish at this point. Multiple hourly inside bars to be watching for a break this morning and short term direction. Crypto market bulls still have the odds in their favor for continuation this morning.
COINBASE:LTCUSD
by TheChartGuys
5
ETH Hourly Trend PerfectionETH bulls continue to stair step higher just riding the higher lows on the hourly for days. Using this trend as your guide and moving up stop losses would still have a bull in this profitable trade. This kind of move looks like it will be a climax that indicates the top. A big bull volume move that has us thinking "who is still buying up here" before a complete turn around and top. The overbought climax alerts are designed to recognize this kind of event. Potential bull flag on the hourly, and note the 4 hour RSI will get to historical pull back levels if we break $800. Congrats bulls! Make sure to protect those gains and have an exit plan.
COINBASE:ETHUSD
by TheChartGuys
6
BTC Hourly Tightening PatternBTC had a very quick pullback on high bear volume dropping a few hundred $$ which was a sign the high of the day was likely in. Fortunately for bulls it has been healthy consolidation since then as we watch the tightening hourly range. Bulls will be looking for continuation towards $10k today but if we lose the hourly higher lows highlighted we will look for 4 hour consolidation. The equilibrium is more clear on the 4 hour chart and it is possible we stay within this range for the majority of the day. Bulls can be moving stop losses up if they are short term trades or keeping them lose based on 4 hour higher lows if more wiggle room is desired. ETH continues to be the lead bull on this move, pricing in perhaps bullish sentiment for the Consensus Conference and any possible news releases.
COINBASE:BTCUSD
by TheChartGuys
3
LTC Bulls Trying for a 4 hour Bull FlagThe correlation to BTC remains strong so we must always be watching, but there is potential that like ETH, LTC will break the daily lower high before BTC does. If this occurs we will look for LTC to play catchup from being the laggard for so long recently. IWe are watching a potential head and shoulders on the hourly for both BTC and LTC and if they confirm we know our new key resistance and lower high to be watching is set. I am keeping a closer eye than normal on LTC for this potential break before BTC and currently grabbed a very small starter position a few hours ago in case the bulls ran while sleeping. Still 90% cash and waiting for the longer term breaks.
COINBASE:LTCUSD
by TheChartGuys
5
ETH Bulls Lead the Way, Bull Break Congrats bulls! As we have seen for a week it was more likely ETH would break first, highlighted in the videos, due to the proximity to resistance and favorable correlation to BTC. Bulls are holding up very well but we have to be aware that if BTC is going to form a daily lower high and pull back from here, we will see ETH consolidate as well, just to a lesser degree. This increases the odds the other names will break bullish, but it still may take another day or so for it to follow through. 4 hour higher lows remaining intact will keep the bulls in full control, and we are currently forming an equilibrium to watch on the hourly or 15 min to indicate direction this morning.
COINBASE:ETHUSD
by TheChartGuys
Litecoin volatile betwn 140 and 220 Long or short above or underThis looks like an interesting moment to buy Litecoin ! I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge! Interesting coins, which I am looking to buy: - Litecoin - EOS - QASH - Bitcoin-Gold Do you have some good tips for crypto coins? let me know! ------------------------------------------------------------------------------------------------------------------------------------------- My strategy My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. How do I decide to open a position or not? First I analyse: - Sentiment on the market - Own created indicators - Moving-averages and Bollinger-Bands Trading means investing. Sometimes you lose more than you win in the beginning of a period! Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:LTCUSD
by Rich_Exclusive_Trading
1
LTC Daily Equilibrium Getting ClearLTS daily formed a higher low yesterday to continue tightening the ranges. We are looking for a lower high likely to be set today. No trade zone until we see a break of this range as the volume and trading opportunity is limited here. Keeping an eye out for LTC to break the correlation where it continues as the weakest of the Big 3. Until we see a clear break in that correlation I will be playing BTC and ETH. Daily EMA 12 support continues to hold for bulls, it is up to the bears to prove themselves to break the momentum and trend over the last couple weeks.
COINBASE:LTCUSD
by TheChartGuys
1