marcusdw1

marcusdw1

No change here with ETH still outperforming BTC. Price has reached the center line of the larger consolidation triangle which has previously shown reason for pause or retracement. If BTC was to fall through support here we might see ETH fall harder and BTC regain some dominance.

marcusdw1

Will BTC has been ranging sideways, ETH has been trading in a rising channel. If you zoom out on this chart it's actually a very bullish outlook, however don't be fooled, short term we can still see a pullback. Price action is still in the channel but pushing against the lower support. With an eye on what BTC decides to do, we remain in a holding pattern. I'm...

marcusdw1

Well all of the previous days hard work was wiped out with a big red candle taking us back down to the lower demand range. BTC has found some support from the bulls at this level but we need to watch carefully to see if it holds. Shout out to @nestorador who made a good call in the previous comments that a limit buy above supply zone would have been a better...

marcusdw1

Overall BTC is in decline against the alts, although holding its ground over the past few days. There is no real indication of the direction that can be relied upon at the moment, so I'll be looking for some signs to present themselves. In the past ALTs have usually bled out when BTC breaks out from all-time highs, but if we are entering the final leg of the...

marcusdw1

After a quick retest of the trend line, ETH has resumed its dominance over BTC. I'm expecting this to continue until we reach the upper long term consolidation trend line.

marcusdw1

ETH has been trading in a range between $3900 and $4240 for five days now. All attempts by the bears to push it down below $3900 have been quickly dealt with by the bulls. I exited my positions in ETH on the 22nd after a sharp rejection from the all-time high. Normally I would have held the course and waited for further confirmation of the downtrend, however, BTC...

marcusdw1

BTC has been trading in a range between $60K and $63K now for three days. We are not free and clear of a further correction yet, but for me it is time to start re-entering long positions. We've had a strong bounce out of the $60K demand zone that has eclipsed the trading ranges of the previous three candles, so it appears that the bulls have rallied to the call....

marcusdw1

BTC dominance is falling which means opportunities for well-selected altcoins. We've had a clear BTC sell signal as RSI has fallen out of the overbought zone. This has been confirmed with MACD 4C, SQZMOM and VWMACD, and shortly after ADX has crossed over. I'll be looking to load up on ALTs as soon as we can confirm BTC and ETH are moving back into an uptrend....

marcusdw1

ETH is fairing better than BTC at the moment and is benefiting from three important levels of support. ETH price has found support on the lower trading channel trend line, the longer-term consolidation trend line (Previously resistance), as well as previous swing high price level (purple line). Bulls are not safe yet though. Volume is low and RSI is falling. There...

marcusdw1

BTCs current short term downtrend is still in play. We now have three wicks below the 0.236 Fib line indicating buyers are coming in at these levels to push the price back up. The question is can the bulls hold this level? My confidence is low, as volume on the only green candle in this group is very small. RSI is also drifting down. Of course, this is a bull...

marcusdw1

ETH in long term consolidation against BTC. Currently in a short term uptrend, however falling ADX indicates weakness. I currently have my funds on the sideline as this is all academic if BTC continues its move down. ETH will inevitably follow.

marcusdw1

BTC's dominance has been in a trading range. Breaking down out of the overbought RSI zone and also breaking the short term uptrend to the downside suggests the ALTS are going to rally for a while. I'm looking at positions in the L1 blockchain protocols.

marcusdw1

Not much to see here. ETH is maintaining its short term uptrend over BTC, within a longer-term consolidation. I think we'll see the real excitement when ETH is finally able to break out of this consolidation and is free to run up.

marcusdw1

Like BTC, ETH has been trending up in a channel and has fallen back after being rejected from the top of the channel. Unlike BTC, ETH has been caught by the bulls at the centerline. Time will tell if it holds.RSI is in a good place for further moves up and we are still yet to see it hit a new all-time high. I'm expecting to see more moves to the upside, however,...

marcusdw1

BTC made a new all-time high, and for those who have been holding since the last time we were here (well done), and I think we a relieved to be back here. As can be expected price has reacted to this level with a strong red candle. It's early but this is starting to look bullish as price has only fallen to the bottom of the channel it has been trading in (better...

marcusdw1

With ETH and BTC vying for global domination, it's good to know where to weight your portfolio. There is no better way than watching the ETHBTC chart. Looking over the years it is clear that ETH has outperformed BTC mainly due to its later arrival to the market. Starting with a much smaller market cap has allowed it to outperform BTC over the long term. I suspect...

marcusdw1

This is going to be a way to make sure I'm monitoring the ETH daily trend, as ETH is increasing its influence on the crypto market. With ETH outperforming BTC over the long term, it is important to keep a close eye on what it's doing and how it is affecting the ALT market. I'll be charting using a mixture of trend lines and free indicators available on...

marcusdw1

This is going to be a way to make sure I'm monitoring the BTC daily trend, as BTC price is still the most significant influence on the crypto market. If you are not watching the BTC chart regardless of which crypto you are trading, then you are going to be trading with a handicap. I'll be charting using a mixture of trend lines and free indicators available on...