Crypto-Crown

Crypto-Crown

Absolute monster run by XLM last few days. Now beginning to consolidate that run and possibly try higher. Playing between important fib levels here. Hourly RSI has cooled off signing we could be ready for another run, OBV showing early signs of bullish divergence. Look for the MACD crossing to the upside as confirmation to the upside. Bullish Confirmation - 1...

Crypto-Crown

BTC holding the lower support throughout the last couple weeks. Even though its been violent moves as long as it holds that bottom support I see this as 'healthy-ish' consolidation. The potential head and shoulders is still however in play and until BTC gets a strong print above 18k area Coinbase on good volume I would be playing this defensively. My strategy...

Crypto-Crown

BTC continues to hold its lows as bulls show themselves when price action reaches the bottom most trendline I have drawn in here. While this is currently seen as violent but 'healthy' consolidation in my eyes, there are a couple things to be aware of.. 1. The major head and shoulders on the long frame is still in play. This will be a concern until BTC can get a 4...

Crypto-Crown

While this past couple weeks have seen incredibly violent swings, I see this current period of price action as 'healthy' consolidation AS LONG AS BTC does not have a 4 hour close below the bottom most support line. If the bottom most support trendline is broken then I would look to around 8k area for next significant level of support. On the other hand, if BTC...

Crypto-Crown

From a fundamental perspective, I am not a fan of this coin... from a TA perspective, this is incredibly hard to ignore. Holding the 50ema 4 hour incredibly well, coiling up tight, BBands closing in on larger timeframes, playing between upper fib retracement levels, MACD crossing bullish, just waiting for a 4 hour close above uppermost trendline and volume as...

Crypto-Crown

BTC has had a dramatic series of trading events this past week, with a tremendous fall from 20k psychological to nearly 10.4k former breakout, BTC has fully retraced its December gains. While BTC is looking like its found its footing here I have mapped out some areas of interest.. The arrows point out on this chart a possible head and shoulders. If this is...

Crypto-Crown

After a week of consolidating the prior monster run, XLM 2 hour is now trading about the symmetrical triangle. With BTC finding some support, I would look to XLM as one of the main benefactors during periods of BTC sideways action. By technical standards, XLM has performed beautifully in consolidating and holding its level during the past weeks drama playing in...

Crypto-Crown

Love it or hate it, BCH from a TA perspective does look good here. Closed above the uppermost resistance trend on the 4 hour and quietly rallying vs BTC. FWIW - BCH did show relative strength compared to the rest of the cryptocurrency market yesterday during the violent spike down. While I do not like this coin from a fundamental perspective, this is a chart that...

Crypto-Crown

LTC breaking through the first resistance line on the 2 hour.. This is certainly one to watch as its had a relatively better rebound from yesterday's violent downward movement. While the 2 hour does technically have confirmation above the falling wedge trendline, true confirmation would be a nice spike in volume. If confirmed, then LTC will likely get a free ride...

Crypto-Crown

Not much to describe here.. a potential fractal forming up mimicking the last spike high and subsequent low. While this is not an exact thing, Stellar has made these sort of fractal patterns in the past which lead to greater moves. The current cycle is a obviously more pronounced which would suggest if this is confirmed to the upside we will likely see 1900 to...

Crypto-Crown

BTC currently playing between important fib retracement levels. Things to note here.. the volume of the spike low yesterday morning is greater than or equal to the volume of prior major high/lows in the past year. This tells us that institutions have likely stepped in to be the buyers and set a new floor for BTC. With futures barely trading right now, I would...

Crypto-Crown

First pass of 14600 bounced on BTC.. Doesn't look like strong support to me, but oversold RSI and a long term trendline can provide a nice bounce play. If fails on next test, long term support around 13000. If that fails 8000 is next line of defense. Very dangerous time for BTC. In order to maintain the parabolic advance BTC would need a 4 hour close above the...

Crypto-Crown

XLM trying to consolidate prior run here it looks like. In a no trade zone for me. If closes below about 1450 sat would be failure on this level. Probably depends more on BTC right now, with BTC looking very anemic here I would be leaning down for most alts although if it can hold this level and rally XLM will most likely be one of the bigger winner. Not...

Crypto-Crown

Anyway, BTC broke the channel I had in yesterday night. Was flirting with the support line all yesterday which typically signals weakness and then we had a big bearish break on heavy volume with a 2 hour close well below the support trendline. This is pretty worrying for me as these channels have never broke during prior consolidation periods. So we dropped down...

Crypto-Crown

Flag after flag after flag. LTC touched down on the long term support line while rallying above uppermost resistance line with a good 2 hour close on strong volume. Very strong patterns here. BBands very tight, 2 hour MACD flirting with a bullish reversal, OBV showing bullish divergence. A measured move off this flag would take us around 400 area (ballpark...

Crypto-Crown

Ripple currently holding the 2 hour 50ema very well during this period of consolidation. Rounding out the bottom here and curling up while riding the rising support trendline up. BBands getting tight signifying a potential big move incoming, MACD has crossed to the upside as a lagging confirmation and RSI says there's plenty of room to run if XRP wants. Looking...

Crypto-Crown

Healthy consolidation of the prior run.. Hold these levels very well so far while playing between the upper fib retracement levels from last run suggest big time strength here. Indicators looking ripe as well, BBands tightening which say a big move is cooking up potentially while MACD is benign suggesting the same. Kinda interesting to note here is that the RSI is...

Crypto-Crown

Current Range holds true for BTC.. Every parabolic run has created a new range that BTC bounces around in and then when it has a close above the upper resistance of the channel a new parabolic occurs shortly and once the top and subsequent ~30% pullback occurs we have a new range and the trend has repeated for the last few parabolic runs. Not financial advice.