crypto_trends

crypto_trends

BTC just broke some key resistance (at red and yellow dotted lines) and is now heading to the top of an ascending wedge (around 60.5K at the dashed blue line). If indeed it is able to break this resistance, it looks like it could be headed to surpass the ATH in the blue channel upward. There is still some resistance at 60K and still a possibility that a pushback...

crypto_trends

It looks like ETH decided to reverse bearish oscillators after a dip this morning and is now aiming for the ATH but finding a bit of resistance at 2K. Will it break 2K and surpass the ATH? It looks like a good possibility at this point despite a bit of resistance. Looks like we will see soon if it does break the ATH and heads beyond. With BTC starting to reverse...

crypto_trends

ETH looks to be hitting a bit of divergence in the short term (red dotted lines on price, volume, and oscillators) as things start to taper off as ETH continues in its upward short-term ascending channel (red dotted lines on price). However, this looks fairly good for ETH in the long term, as a retracement to the Fibonacci levels near 1.7K for the current uptrend...

crypto_trends

Bitcoin headed downward and broke upward support (blue line) slightly about 12 hours ago as I discussed yesterday to near 56.5K and has since retraced back upward. However, on the way up, it looks like some bearish divergence has formed (yellow dotted lines on price and RSI) indicating a potential reversal. However, what I find especially interesting is how well...

crypto_trends

Bitcoin has started to near the bottom of a wedge (dotted blue line) inside near the bottom of a rising wedge (dashed blue lines), inside of an ascending channel (solid blue lines). Generally all the above can be considered bearish signs on the horizon, however, long term support looks to be trending to support a continuation upward. Hence, it looks like a dip...

crypto_trends

SKALE had a really good day today but looks to have retraced back from the .236 Fibonacci retrace level from the previous dip back to the .382 Fibonacci level and potentially could be forming the upper part of a forming wedge (dashed red line). This leaves a couple of options still on the table from the looks of it. Option one is a continuation (which could...

crypto_trends

So far it looks like BTC refuses to go back into its descending channel (red dashed lines), so it is looking more and more like a break out so far. Meanwhile, alts continue to gain ground against BTC. This in addition to support from the daily chart looks to be trending well for bitcoin. If support above the top of the descending channel causes a bounce from here...

crypto_trends

Algorand looks like it has broken out of a wedge and heading upward. However, it is about to hit resistance in a ascending channel it has been in since February. However, if it breaks through that resistance, that could be a good sign that it is about to continue upward similar to what it did at its previous breakout. Hence $1.45 looks to be an interesting price to watch.

crypto_trends

It looks like BTC broke out of a descending channel (red dashed lines), but will it stay out is the question. There is now an ascending channel (blue lines) going on inside the downward channel, so it could easily indicate a bear flag that can break back into the channel. At the same time, staying out of the channel would be really positive news for BTC,...

crypto_trends

For anyone watching DASH, it looks like DASH is challenging downward resistance on DASHUSD, but I think the really interesting thing to watch is DASH/BTC. It looks like the relationship just took a huge dip yesterday but now looks like it could be attemping to reverse direction. Still a bit of a ways to go until it hits the trend line, but there hasn't been such a...

crypto_trends

It looks like DASH might be trying to break out of its downward trend slightly. Still a bit of time to see if it continues, but at least it is a start in the upward direction. Obviously there are still a bit of potential negative effects if BTC heads downward, so it should be interesting if DASH will be able to hold a position against a potentially falling BTC,...

crypto_trends

Although I should probably wait to publish this for a little more confirmation, I just wanted to point out the current short term rising wedge (blue lines). I posted yesterday about some hidden bearish divergence on the 4 hour chart, but it looks like BTC just broke out of the first line of resistance (dotted white line) and is challenging the downward channel...

crypto_trends

It looks like there is hidden bearish divergence happening on the 4-Hour chart (red lines on price combined with red lines on RSI) for BTC. To me, this signals a likely continuation of the bearish trend in the short term (although I am always glad for a different analysis; if so please leave a comment). If the bearish divergence is the case, it looks like it...

crypto_trends

I have been watching so many other charts, I forgot about ETH. What is interesting is that it looks like ETH hit the bottom of the upward channel (white lines) that it has been in for quite some time. It should be noted that ETH did break out of a wedge (green lines) and is now retracing from the downfall out of the wedge, so it very likely is easily possible...

crypto_trends

So I just noticed that BTC is nicely in a descending channel (red dashed lines) but also showing some bullish divergence in the upward channel (white lines on RSI and on price). I don't necessarily think this is any type of guarantee of a continuation back upward, but this does make me wonder a little if BTC is at the bottom of an upward channel. The long term...

crypto_trends

BTC looks to have gone up quickly today, but then after coming back down it now just broken out of a descending wedge (red line with the blue line bottom) and now has broken down out of a seperate wedge with regard to RSI on the daily chart. There is also bearish divergence (white line on RSI) that has been going on for months as well as losing the short term...

crypto_trends

LTC has dipped and looks like it may start to form a large wedge (orange line and white line). I think there is still a potential down to $180 as I mentioned yesterday, but it is largely dependent on BTC as the two look to be in lockstep once again (with a drastic potential change after this week, more on this in my previous posts). If however BTC goes...

crypto_trends

Bitcoin broke out of the upward channel it has been in for some time (green dashed lines), but managed to find support at 54K. Now it appears that a wedge is forming around 54K (red lines). It looks like 54K is holding as some solid support so far, so it should be interesting to see if this wedge continues for the next few days or if support will break below 54K....