LTC is displaying several bearish divergence patterns--RSI and Volume--which suggest that a sizable correction may be near. If the price does break down, the target for the rising wedge pattern would be roughly $51-$53.
BTC Market Dominance looks to test lower as Binance Coin (BNB) and Litecoin (LTC) lead the AltCoin Market Capitalization higher and on the verge of a major breakout from the downward-sloping resistance trendline from January, 2018.
LTC has broken through what could (arguably) be defined as the strongest possible resistance level between the recent consolidation zone (above the 200-Week MA) and the all-time high of $370. This channel contains a large portion of LTC's volume and may lead to high volatility and price discovery--with the next level of strong resistance at $66 and $71. On the...
BTC has successfully bounced off a cluster of daily moving averages spattered between several other significant support levels. A bullish cross of the 25- and 100-day moving averages has recently confirmed, and another cross, of the 50- and 100-day, is imminent.
BTC looks poised for a re-test of the $4,200 resistance zone.
The Stochastic RSI is coiled up, with an average in bullish territory, and ready for a breakout.
BTC appears to have broken from (and is now back-testing) a symmetrical triangle pattern. Measured targets coincide with historically significant weekly EMA levels. If BTC falls back into the triangle, then a re-test of the 200 Week MA (and the lower trendline) may in order--forming, instead, a possible ascending triangle pattern.
ETH is looking to confirm a bear pennant / symmetrical triangle pattern on the 4-hourly time frame. A breakout may be imminent.
A highly speculative and generic (but fun) exponential growth model for the fractal time period since the end of December.
BTC Volatility Index correlations to the previous BTC price action may suggest there is still bullish hope for BTC. #BTC #BTCUSD #ETH #ETHUSD #LTC #LTCUSD #Crypto #Cryptocurrency
The BTC bulls have successfully defended an ascending broadening wedge pattern on the daily time frame with a hammer-type candle pattern to close out the previous session. If the bulls can maintain 4-hourly uptrends by holding EMA support, then the next likely test-targets are $3,890 and $3,940. Further, the Stochastic RSI is prepping for a bullish cross.
BTC is holding onto 5-minute EMA support--confirming that its uptrend is still intact. When the trend is lost on a break of lower-timeframe EMAs, move to the 15-min for the next signal that the uptrend remains healthy.
BTC is possibly displaying a 4-hourly fractal pattern that may help to confirm an upwards break of the 4-hourly EMAs, which would initiate a re-rest of $3,900. #BTC #BTCUSD #ETH #ETHUSD #LTC #LTCUSD #Crypto #Cryptocurrency
ETH may be setting the field for further downside action.
The 25-Day and 50-Day moving averages have been useful in predicting the approximate top or bottom in our local daily trend. However, a tentative cross of the 25-Day and 100-Day averages may change this pattern. Soon after, the 50-Day MA will then cross the 100-Day.
Recent spike in BTC dominance (due to AltCoin dumps) may indicate a re-test of relative highs if previous patterns continue.
BTC has closed a daily candle firmly above the candle body highs of the Christmas rally--and the 100-Day EMA. It is now in a channel with few clear resistance levels and we should expect heightened volatility. The Stochastic RSI is running on fumes but could see one more bullish move before a large and overdue correction.
BTC may soon enter several channels with no clear resistance--providing it a clear shot towards the next exponential resistance levels.