philocrypt0

philocrypt0

Ethereum had quite a jump up today, but it failed to hold those gains as you can see from the 1D chart. Also the accompanying volume was quite low. I can’t find many good signs that suggest now would be a good time to consider a trade, but the MACD and RSI still seem to be constrained. Also since BTC still appears to be in a downslide I am tempted to view the...

philocrypt0

I think BTC has reached its top for this run and I would like to share a few of the indications and a consideration for possible market moves. First looking at the 4hr chart we can see potential resistance from the top trend line. RSI is oversold and MACD has the potential for a crossover. Most telling in my opinion though is the strength of this recent run up...

philocrypt0

BTC approaches $5800 again after a quick correction. During the correction BTC bounced off $5100 mark at the bottom of the cloud; if you check the 1 day time frame you can see a dragonfly doji which also indicates a clean bounce. MACD suggests upward movement, but ADX at the moment is still falling. Watch for action around the $5800 mark. If we get a candle close...

philocrypt0 Updated 

After its first major correction, ETH broke down ascending wedge at .78 fib line, then bounced back up from .5 fib line to continue main bull trend. Similar situation developed here: second big correction, ascending wedge broke down at .78 fib line, now meeting resistance at .5 fib line. A lot of calls to go short right now. Be careful. If resistance is broken...