Tendorian

Tendorian Updated 

We are at the top of this big downtrend channel. Waiting to see if price is able to break through. Watch out for a break of this upwards channel to the downside, the bear not out of the woods yet. Deciding point for now.

Tendorian Updated 

Despite the divergence on the MACD, price has resisted crashing and only doing a small correction to alleviate the divergence pressure. And being able to hold above 8300 is still bullish in my opinion. Therefore we may be seeing another run higher possibly to 9000 and above for this leg up. However if for some reason price drops back down to 8000, we will see...

Tendorian

The 1H MACD is showing a divergence between price and indicator. The fact that we are at 200EMA acting as resistance makes me lean to the downside more. The first test is the 8100 area, if it falls further then we might be seeing the next down leg.

Tendorian

Just an update as we are seeing the same thing that happened previously at the 200 EMA. A higher high with a lower MACD histogram peak. If history repeats itself, we are in for a fall. The market is fractal so it tends to repeat itself, but not all the time. Best to just watch this one closely.

Tendorian Updated 

1. Price bounced off the 78.6 retracement of the upmove from $6000-$11800 2. The proposed ABC correction may be over with an extended C wave 3. However there are a lot of resistances above 4. Price jumped on news and that is way too much emotions, I dislike a trend change due to news, too obvious, I smell a bull trap 5. But current price is definitely up for now,...

Tendorian Updated 

No matter how you look at this chart, no matter what indicators you throw in. There is no chart pattern in here that say up anymore for now. We will be testing the 7665, then 6000, 5400 and finally 2980 areas. We will look for a reversal in those areas and update. The same can be said for all alt coins. Just wait for the panic selloff.

Tendorian Updated 

1. MACD turned up 2. MACD 4H Divergence normally takes a while to play out 3. Price got rejected at 8500 and perhaps preparing to have another try and hopefully break upwards towards 9000 where the 200EMA would be at that point in time 4. A break below 7950-8000 and we will see the abyss

Tendorian

XLM has reached a strong support area, it may go down abit more, but unlikely too much. The Daily RSI has finally reached oversold conditions, ripe for a bounce. Price is very very near reversal zone. This bearish market is nearing the end, but we may go sideways abit more before the next bull market starts.

Tendorian Updated 

Some observations I am looking at that supports my bullish view. 1. MACD is crossing up 2. Divergence on MACD 3. Everyone feels that we will crash further (including me) But first we need to break that 8500 area, after that the 200 EMA is the problem. But in the short term we are actually going up! Hopefully it is a good upmove. Note that we are still bearish...

Tendorian

Looking at how bearish the price action is, it seems more and more likely that we will be seeing a capitulation phase of the bubble. Yesterday's bar was a doji but price has started to crashed now in this early hours. We may be looking at a low of around $3000, that is the potential targets when using fib extension. With this fall, all altcoins will suffer even...

Tendorian Updated 

The 15m RSI is showing divergence, and that means we can expect a bounce incoming, where will it go? The first major resistance is probably the 8500 area. Can it crash more? Yes it can, but RSI divergence is a strong signal, so I am guessing the upmove is more likely from here.

Tendorian Updated 

Currently XVG is stuck in the 0.056-0.062 range, and looking very similar to XRP. Due to the strong upmove in December, it is hard to find supports from the upmove on the daily chart. The next support found is at around the 0.02 area and it looks like the best place to buy XVG for now. There might be a bounce at the 0.045 level to make the chart look like a double...

Tendorian Updated 

XLM has broken the 0.33-0.36 range and it looks like the final down move is underway. The bounce from the 0.3 level was not strong enough and it seems like XLM needs to find support around the stronger 0.2 area where previous consolidation was. BTC will slaughter most alt coins but it is also a good time to buy cheap alt coins. I like Lumens because transactions...

Tendorian Updated 

XRP is stuck between the 0.85-0.95 range currently. The upmove since the Feb 6th bottom does not look like a bull move at all, more like a bounce. I am expecting another test of the low to complete the correction before the next bull run starts. This would probably coincide with the killing of most alt coins againts BTC. At this moment in time the best play is to...

Tendorian Updated 

Having missed out on the first upmove, I decided to not FOMO into the trade and now I am seeing a potential fall in LTCUSD to the 120 low to form a double bottom before the main upmove begins. Currently the 230 level is acting as a strong resistance and it does not look like price can break through and is slowly slipping down. I can see a potential bounce at the...

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Today there will be a SEC hearing, this was what I found on a website. A notice posted on the committee's website states that the Capital Markets, Securities, and Investment Subcommittee hearing - entitled "Examining the Cryptocurrencies and ICO Markets" - is scheduled for March 14 at 10 a.m. EST. So hopefully today can be a day of volatility and BTC can decide...

Tendorian Updated 

That big red bar on the 1H changed a lot of technicals perspective. Bulls would have become Bears for the short term. I like using the Alligator when a trend is in place but that one red bar broke all the lines and that is a very bearish signal to me. This downmove might be just the final down move or the capitulation phase if you look at it from a bubble...

Tendorian Updated 

For today let us look at the ichimoku indicator on the daily to have another perspective. These are the observations. 1. Price is in the cloud = normally means no trade, but also means a potential change of trend. 2. Price is testing the bottom of the cloud, and it does not look like it is going down for now. 3. The tenkan and kinjun line has not crossed down but...