Looking At XRP Another WayThe Red Wavy line is the 50-day Moving Average on the 4hour Chart. This is acting as resistance.
The Blue Wavy line is the 20-day Moving Average and that is closing in on the 50. It too is acting as resistance.
The Gold Wavy Line is 9-day MA and it follows along.
The regression channel indicator captures the bearish trend nicely. However, this tool is showing me that the upper channel is in play since the 22nd with a retest in the 26th. If the prior action (4-day cycle) hits the mid-level of the channel then I am inclined to believe that the bears are still at work. But this is looking weaker too.
It is my opinion that XRP will push to resistance in the short term-48 hours or less-If the price does not hit support by 31 Jan.
The Short-term Fib shows the last move retrace to .786 and is now at the .5.
.236 and .382 is structural resistance.The top end of the regression channel also shows the.382 as resistance.
The regression channel was drawn first.
Lastly, XRP does have a repetitive history of this movement followed by a rapid downward movement. I expect XRP to consolidate in the next 48 hours. That will be an area that the skilled traders can work magic.
Cryptocurrrency
BTC bulls establish higher low on 4 hour. Things going as anticipated in the video yesterday.
Bulls topped out in the later afternoon/evening and consolidated to form a higher low on the 4 hour.
EMA 12 and 26 resistance on the 4 hour currently keeping the price contained.
Bulls need a break for continuation on this bounce.
If we cannot break the high of the bounce this morning, look for a lower high and an equilibrium of sideways trading.
Bulls still have momentum in their favor on this bounce.
BTC continues to be the leader to watch for correlation to the other names, including most alt coins.
15 min higher lows being lost would indicate we enter the sideways trading scenario.
Vechain is forming a bullish flag on 1 hour chartFlags formation are some of my favorite patterns. It usually signals a good potential for continuation of the trend. If broken the next target would be near 0.00085
New Small Cap Cryptocurrencies > BTC / LTC / ETHThe big 3 have been greatly outperformed by other investments and will continue to do so, in terms of % returns.
If you feel like you "wish" you bought ETH, LTC or BTC at the beginning of this year, just know there is better opportunities in terms of returns.
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SNRGBTC Downtrend BrokeCan't set accurate targets because manipulation seems clear in history, but large upside on this one.
Broke out of accumulation in December and has been up trending.
Buy small bag, set and forget.
Bitcoin year-endLet's sum up the results of 2017.
Bitcoin surprises the whole world, people psychologically break down in front of the rapid growth and start nervously buying. Cryptocurrency is being introduced into our life, blocking is used by the largest companies, countries. Smart contracts lead into action. TECHNOLOGY!
Bubble, the machinations of the century, charlatanry, lawlessness, the pyramid .... TECHNOLOGY!!! Even institutional investors have broken down at the end of the year. Further it will be only more interesting. Get on with it, gentlemen and ladies.
LTC:USD Ascending Triangle (Nothing is perfect.. :P)LTC is forming an ascending triangle (not a perfect one) which, if it plays out, will confirm a trend continuation.
The white LSMA is pointing straight to the upside and indicates a trend continuation as well.
On the other hand the IDDQD line (green) turned down, so the trend might drop to the downside of the ascending triangle . That's the reason why I dont connect the lower leg of the triangle with the wimps. The bottom is about to come and even the .236 fib could be retested again.
The trend is supported by the 50 EMA .
A green buysignal (dot) flashed up already but I expect a sellsignal is about to come.
As soon as the upper side of the triangle is broken, the first target will be 350 USD.
If the trend moves down, the first supportarea would be at ~175 USD. The second: ~ 135 USD
Targets: 350 USD --> 485 USD --> 565 USD . The targets 700 USD and OOOVER 900 USD are far away, but possible in future.
WAVESBTC Long Analysis - Buy It.WAVESBTC Middle - Term Analysis
Downtrend is broken through after 6 months!!
December 22 will be activated Waves-NG. (The fastest blockchain in the world)
You can see some profit levels. My sell order is set on 60% profit, but i will actively manage the trade.
What do you think about this
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LTC Hourly Consolidation After a lead bull day yesterday, LTC has lost some of the correlation to BTC and consolidated.
This has allowed BTC to catch back up, and come closer to all time highs in terms of %s.
Keep a close eye out for the buying bot of 250 coins, it has signals multiple bullish hours in a row on two occasions in the last few days.
All eyes on BTC closing in on all time highs, we will look for a bull break of consolidation here, if it occurs.
Currently in BTC but LTC can be viewed as a potential laggard play if the bulls respond to BTC strength.
Bulls yet to establish a clear higher low on the hourly, and put an end to consolidation.
LTC 4 Hour Inside BarThe bulls have held strong overnight and are not seeing the same magnitude of consolidation as ETH.
The bulls are looking for a break of the inside bar but if it is a bear break,
due to the lower high set, we will look for an equilibrium here as well.
The bulls are seeing a bit more correlation to BTC strength.
A break to higher highs would give a clear advantage over ETH with more resistance in the short term.
Currently in BTC and will look here once profit is taken.
ETH 4 Hour Equilibrium SetupThe bulls are taking a breather while Bitcoin $10k steals attention this morning.
ETH formed a lower high on the 4 hour and is now looking to form a higher low compared to $462.10.
If this higher low forms, we will see a clear break this afternoon/evening from this tightening channel.
Loss of the 4 hour higher lows will be the first red flag for daily consolidation we are keeping an eye out for.
It will likely require BTC losing 4 hour higher lows to see ETH and LTC derailed for their bull tracks.
Currently playing BTC and will switch back if we get a clear bull break of the 4 hour lower highs.
LTC Very tight hourlyConsolidating for over 8 hours in the tight channel depicted in the chart on the hourly.
With a bull break we will see a MACD cross with it.
Note ETH has already broken consolidation bullish, and this is a potential laggard play to see some follow through.
Overnight BTC and ETH have been the better names to be in for strength.
LTC will see a new all time high sooner rather than later, just waiting for a catalyst to steal some attention from BTC and ETH blue skies.
These bulls moves are much faster than BTC and ETH before we see profit taking.
ETH Bulls breaking ConsolidationAfter correlation to bTC picked up on the short term dump to oversold hourly (for BTC)
the bulls have recovered by breaking the lower high pattern of the initial consolidation bounce attempt.
Bulls have potential to test all time highs today and will be competing with BTC for attention.
Break of $400 and we will be in longer term consolidation mode on the 4 hour and daily.
There should be a good amount of stop losses just under $400 so cautious of stop level slippage.
Targets will be $430 and $440 with a new all time high.