joemccann

joemccann

Weekly, #BCHUSD. Bitcoin Cash put in a large, bullish engulfing candle with 1.5x the volume of the previous week. The 10 week moving average (white line) has been resistance for the past 4 months. A weekly close over that could be the beginning of a trend change.

joemccann

#BTCUSD now thru the 50% retracement. Bulls need a close above this level and then finally through the descending triangle down trend line around $7300-$7350 for higher prices and potential true reversal of the 2018 bear market.

joemccann

#XMRUSD bounced off long term support a couple weeks ago, but needs to regain the 50 day around $115 for the longer term trend change to be real.

joemccann

#OMGUSD is seeing its 10 day cross over its 20 day and shows no real resistance til the 50 day. Bullish.

joemccann

It appears EOS has at least stopped going down temporarily with the 10 day now crossing over the 20 day and meeting near term resistance at the 50 day.

joemccann

After an unexpected rise, Dash is now bucking up against its 50 day moving average as resistance with the 10 day now looking to cross over the 20 day moving average as well.

joemccann

Fibs show we are coming up against the important 50% retracement level around $7182 before hitting the resistance at the descending triangle trendline. This will be the next level #BTCUSD needs to breach and hold for higher prices.

joemccann

#ETHUSD chart still looks quite bad and is sympathetically rising with the rest of the market, albeit on weak volume, and is struggling to regain $300. Best case for Ether bulls is Ether is forming a base down around the $250-$300 level.

joemccann

A close above the 50 day would be bullish for Bitcoin with rising 10 and 20 DMAs. Volume has been below average 12 of the past 13 trading sessions with the only above average day being the Bitmex downtime squeeze. Classic melt-up behavior. The ratio of longs to shorts on Bitfinex is 0.87 with shorts outpacing longs, meaning, still more room to squeeze higher.

joemccann

#BTCEOS weekly chart with fibs. The 78.6% level is the last line of defense until EOS drops back to its initial opening price.

joemccann

#BTCZRX now resting on the long term support line. Bounce here or fail?

joemccann

Weekly chart for #BTCUSD. Very likely scenario outlined with the dotted arrows. If we fail to hold the support around $5800, all bets are off and this pattern is invalidated.

joemccann

Macro picture on #BTCZRX has a rather well defined, albeit wide range on the daily timeframe. I suspect if 0x doesn't break and hold above the 20 DMA, a test of the long term support line would be where buyers step in.

joemccann

#BTCXRP has had a formulaic pattern over the past year. The 10 day moving average (10 DMA) has more or less determined the direction of Ripple. When the 10 DMA crossed over and above the 20 DMA, we tend to see some continuation in upward price action, but the second the 10 DMA crosses back down over the 20 DMA, we find ourselves in a bearish environment.

joemccann

As previously mentioned, a break below the triangle trend line sends us to $7500. We touched $7508 on Poloniex. #BTCUSD

joemccann

Low volume environment means algos are playing games with retail traders...looks like a stop loss hunt earlier today only to jump right back into the range. Triangle getting bigger and we put in a higher low in the short term. Feels higher, but if triangle trend line is violated on volume we'll likely need to test $7500 and likely $6800.

joemccann

After a vicious down move, #BTCETH is bouncing off a heavily oversold state. 3 days below the lower bollinger band places the price more than 2 sigmas below the 20 DMA. After the RSI went below 30, Ether bounced, but the volume here is weak. Risk/reward favors bulls but trend is quite bearish. t.me/joescrypt/2368

joemccann

Fibs are magical. As expected, #BTCUSD tested the 23.6% fib level and is currently bouncing, albeit, on weaker volume. t.me