Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.
Nightly review of Cryptocurrencies ill be looking to play out in the next couple days.
Bitcoin looking to be creating a head and shoulders pattern on the 4 hours and the 1 hour this could be an indicator that bears are coming.
Litecoin LTCUSD is consolidating nicely on the daily chart at around 99 there is also previous support at this level witch is good. A breakout of the 106 will be my buy signal and the bulls will run!. Also on the MACD we just got a cross witch indicates a swing change and we dont long over bought on the RSI.
What ill be waiting for to play out this week with Ethereum is waiting for a Bounce above previous resistance or buying a breakout!
Ill be waiting to see how this Equilibrium pattern plays out on Bitcoin looking to establish a lower high or a breakout!
Daily review of BTC ETH LTC and XRP My strategy is swing trading ill be looking to get into trades that last a few days or a week i have a busy life and cant be on the computer or phone constantly to buy or sell.
Bitcoin is still in a Equilibrium pattern on the weekly chart 2w 3w and 4w. If you are swing trading that we can see we should be looking to form a higher low here on the chart and with the RSI being close to over sold.
Daily update one what the major currencies are doing for the day and if you should buy now or wait for more consolidation.....
This is a quick video explaining how i use the RSI indicator to know when to get into a trade for a bull run or a bear run.....
All of these crypto currencies look to be good swing trades Ethereum in my opinion has the best chart set up for a bull run!
Ethereum is looking like the best buy out of the big 3 in my opinion the chart looks solid with low RSI multiple support lines at 76 and a 48% decrease off the high! Remember if support fails than cut loses quickly a trade with out a plan is a gamble.
Lite coin looks like a good buy here we are still low on the RSI on the 12H and the Daily we are having a little bit of consolidation people profit taking after the quick gain today after the 69% pullback. Support is at 76 if this support line fails than cut loses quickly.
Ripple XRP/USD still have very low RSI on the 12 hour and the Daily charts every time in the history of the chart we can see when the RSI has reached this low the Coin has given us some pretty good BULL RUNS, I think XRP is a good buy here for a swing trade.
Lite coin is looking very over sold with many other Currencies It appears to be bouncing off resistance that was previously established. IF the bounce does not happen cut loses quickly and let your runners run!
ETH Ethereum is very over sold on the 4 Hour Chart Ill be expecting the bulls to get us a run here!
Ripple is very over sold on the RSI everytime it has hit around 30 the Bulls have gained momentum and have given this Crypto a good up swing!
Bitcoin is bouncing off previous resistance on the 4 Hour chart and on the daily, BTC on the 4 hour chart is also very over sold buyers will look to come in for the bounce. People are profit taking now from the big run up that we have had over the last few months.