SUBBTC
Watchlist Update 03 | BTC, ZEC, ETC, DGB, GBYTE, XZC, SUB, KMDHello everyone and welcome to today's watchlist update. I was thinking of calling this "Fresh Rotis" but it'd be a bit odd referring to myself as food. Anyways,
The market is a bit quiet so far today. Bitcoin is possibly stabilizing, bulls are definitely returning but everyone including myself are watching carefully for any sort of confirmation. Some of my picks are looking short-term bearish while setting up for future Elliott wave impulse moves, while ETC-BTC is getting some hype.
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Summary:
BTC-USD | Still sideways after a bounce and breaking down the daily downtrend, Ichimoku is flipped bearish, still finding resistance at 9087 and support above 7883. Some people are saying this is an inverse head and shoulders setup, we need more bullish momentum for follow-through. The 1H Ichimoku looks better with some support off the MAs but still not great.
SUB-BTC | Breakdown of falling wedge in RSI, touching resistance of downtrend line after an inside bar bear break, may break down the shorter-term uptrend line, Ichimoku not looking great on hourly or daily charts.
DGB-BTC | Looking a bit bearish but overall bears may be getting exhausted. Used multiple Fibonacci ranges to sort out these Elliott waves and possible future support-resistance lines. All conjecture but this downtrend may be a falling wedge. used a special grouping of a 343 minute time frame and two specific MA’s which I will link some info to here:
GBYTE-BTC | Hidden bullish divergence on the 1H, uptrend out of that false breakout of the symmetrical triangle may be a rising wedge.
ETC-BTC | Hype from the airdrop event, the C wave of the correctional Elliott wave can often revisit the level of the 4th wave of the previous impulse wave. Hidden bullish divergence on 15min with a bull flag.
XZC-BTC | looking very similar to BTC.
KMD-BTC | still in the downtrend and finding support.
ZEC-BTC | 1st target hit with edge-to-edge cloud break.
ARDR-BTC | (Not in the video) is following the expected trend. I will cover it in another idea or video.
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I'm well aware that I haven't considered the USD pairs here, that's something to consider when making these trades/ investments. A quick look tells me that the USD price action correlates well with BTC pairs right now.
That's all for now, y'all have a good Tuesday afternoon. Roti out.
Watchlist update 01 | DGB, BTC, SUB (Expecting pullbacks)Hey guys, this is a quick overview of a few of my watchlist items. Keeping to the Tradingview 10 minute limit until I get something on Youtube sorted out, I decided to start doing updates on what I'm looking at in the markets. I'll try to quickly work up toward publishing one of these daily with regular updates of all of my main ideas as well as updates on future projects if they arise.
This update quickly skims over SUB and BTC with a shoutout to the fella who recommended that I begin doing some T.A. on the USD pairs against the BTC pairs for comparison. The differences are quite telling and so he has a point, I completely agree!
Here are some cool articles to chew on for today regarding the state of the market.
Here's the link to that awesome Substratum (SUB) review mentioned in the previous idea:
youtu.be
A link to Clif High's website:
www.halfpasthuman.com
Digibyte: www.digibyte.co
Substratum: substratum.net
By the way, apologies for the microphone blowing...I'll take the mic out of my mouth next time :D
Subtratum (SUB) /BTC - New Target set Off Double BottomEntry - .00008800 (should of entered here) I think entries around .00009500 are still ok for longer term.
Target 1 - .00011200
Target 2 - .00011725
Target 1 is based off the double bottom reversal pattern I believe formed.
Target 2 is based on 618 fib extension
Current we have move playing out on the 4hr and target 1 will complete the double bottom reverse. I also had a falling wedge that provide confluence with the double bottom. On the road to target 1 I think we'll see potential two pull backs to either .0008257 (382 retrace - 4hr fib) or .00007438 (618 retrace - 4hr fib). I don't think we will get back to the 786 retrace at .00006856 but it's possible as know one has a crystal ball.
