Bitcoin is currently at an important support level. Either it will break down to 11.3K or it will go up to around 11.8K. I expect it to cool down for at least a week or so before making another run up.
Areas of interest have been displayed. Overall trend looks bad. No significant breakthrough.
Keeping an eye on DOGE. Every time it's entered the yellow box it has PAMPED. It is the klaxon that starts the fabled ALTsaEsOn... Good risk/return when it's in the box if you ask me...
HMMJ could bounce at any of these support levels. All have solid price history. I will be monitoring for a good bounce and a resistance-to-support flip before getting into this trade.
A very simple chart. Nothing fancy. Just a projection of where the bottom will come in, based on the bubble chart (the total crypto market cap, weekly). The chart seems to show two very clean paths to the bottom: $2000 - this would be a point of price reaction low enough to constitute a bottom, a 90% retrace. $700 - this is the worst case perhaps, but is in...
LINK has often had a modest sell off prior to large takeoff in price. Purple line is where I would like to see support hold prior to a run, if one is to come. I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k. No bother, I will sleep well...
Key support and resistance levels for BTC at present. It's pretty simple as I see it. ARGUMENT Above 11.3k you can visit 'Topsville' and stay for about a week before being politely kicked out. If we break 9.4k then you can take the elevator down to 8k (before a relief rally). OPPORTUNITY Honestly I sort of think that the support levels near the 9.4k area...
I am not a LINK marine. Never fall in love with any of these 'coins'. With that said: ARGUMENT: LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part. With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
The levels I had in place for XRP for Bybit exchange were dead on. It would have made an excellent short... As expected, eventually the support was eaten up and it collapsed out of the range it's been in for some time now, as some good traders said, it wasn't unlike BTC at 6k in 2018. This is where things get interesting, XRP is now reacting to the levels set...
Looking at ETH/USD I am not sure about this support level. I feel more downside is likely and the next level down provides a more convincing spot to build a base of support. I would be tempted to short with a tight stop at this juncture.
For monitoring purposes. A look at what's going on with the crypto total marketcap on the monthly.
Just for fun chart to observe the sad decline of NEO. No supports in sight on the weekly chart until it gets back to the days before NEO - back when it was simply Antshares.
Like many alts, this seems to be struggling to change direction and make a higher high to confirm a new trend. Due to the hype and noise around this one, I'd be inclined to gamble along once a change in trend were confirmed. Perhaps it already has been. I only really trade horizontal S&R. But I don't feel the need to enter trades all the time. I would rather be...
BCH/BTC must have been one helluva short. There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested. I restrained myself. Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out' What a shite project indeed. + It needs to make a higher high to reverse course and the level I'd be...
I don't know much about EOS. Looking at it, quite a curious one as it's ranged for quite a while (up to June 2019) when other alt scam coins were being slaughered in the so called "alt winter". Price action shows a history of relatively short downtrends and uptrends. Will be monitoring this closely. + Broke a crucial support level quite recently. + If it...
Litecoin doesn't make a lot of sense to Bitcoin fans, and is seen as some kind of 'regular cola' imitation thing. But it's friendly image, attractive price and pole position on Coinbase makes it popular with the dumb, unthinking first time gamblers who waddle in to the crypto casino. For that reason I want to keep an eye on it while we wait for an (inevitable!)...
I do not own ETH/BTC. What I want to do here is monitor the chart, consistently, looking for where a bounce may occur. Then potentially put in an entry with a tight stop when a trend change seems likely. @CryptoDonAlt (one of few decent Twitter traders) has said 0.15 mark could be where it bounces. Will check in on this chart regularly and observe the overall...