Crypto-Crown

Crypto-Crown Updated 

I'll give you both the bull and bear scenarios. Both are very severe but confirmation for either is still far away.. Let's do the big bear scenario first.. Arrows here point to your head and shoulder scenario. I know in my last mega BTC post I said once BTC trades above 17.5k the head and shoulders is negated and we likely go deep into the 20k range. But as you...

Crypto-Crown

As you probably have already seen, BTC took a big time dive this past morning. While the general public will look for reasons in the news to justify the move, as a trader you already knew something was up when BTC broke the uptrend trend line around 16k. Now, is this a bad thing? Not necessarily. BTC had previously broken out of the symmetrical triangle it had...

Crypto-Crown

Setting up for a big time move, but the catch is it can go either way. Confirmation to upside - A 4 hour close above the upper resistance trend line around about 4800 sat on heavy volume, will likely lead to new high Confirmation to downside - A 4 hour break below the neckline of the head and shoulders on the long frame around about 4050 sat. Not much else to...

Crypto-Crown

Not much to say here.. with BTC nearing a full on breakout (check my prior posts on BTC) XLM is getting near a dangerous area which could give an exceptional short play. The arrows on the chart point to what could be a head and shoulders Confirmation on head and shoulders - 4 hour close below the 3900 sat area on heavy volume would likely cause the follow through...

Crypto-Crown

BTC has been giving signals ever since yesterday mid day. Currently trading above the highest resistance trendline constructed from prior monster run to 20k area Coinbase. Above the 17.5k area I am expecting massive follow through to the upside as traders jump in with bullish confirmation. Indicators 1. MACD - 4 Hour and Daily have crossed to the upside,...

Crypto-Crown

LTC usually positively correlated to BTC but a laggard looks like it'll hitch a ride on this current wave that BTC is experience. So I would be paying more attention to BTC here to gauge LTC's potential and so far both BTC and LTC are giving many signs. LTC here is nearing it's own breakout point as the arrow points to the last line of resistance. If LTC can get...

Crypto-Crown

BTC has been giving signals ever since yesterday mid day. Currently trading above the highest resistance trendline constructed from prior monster run to 20k area Coinbase. Above the 17.5k area I am expecting massive follow through to the upside as traders jump in with bullish confirmation. Indicators 1. MACD - 4 Hour and Daily have crossed to the upside,...

Crypto-Crown

BTC has been giving signals ever since yesterday mid day. Currently trading above the highest resistance trendline constructed from prior monster run to 20k area Coinbase. Above the 17.5k area I am expecting massive follow through to the upside as traders jump in with bullish confirmation. Indicators 1. MACD - 4 Hour and Daily have crossed to the upside,...

Crypto-Crown

If you've been following my posts, basically everything applies that I stated in the quoted post but I'll update some of my thoughts on current conditions.. -I believe we're seeing a change in behavior here which makes me lean towards healthy consolidation rather than defcon 5- Overall right this last 24 hours we've passed the first resistance line/symmetrical...

Crypto-Crown

Looking like solid confirmation to the upside here.. Trading above resistance trendline Volume increasing RSI trending up OBV showing obvious bullish divergence trading outside the 2 hour BBands MACD crossing bullish as a lagging confirmation All levels still in play. Might take a few days as this is a longer time frame but again I'm no time analyst. Target -...

Crypto-Crown

XMR trading above the upper most resistance trend line, MACD has crossed to the upside, OBV bullish divergence and RSI trending up. Not much else to say here, the most obvious trades are the best ones. As one of the stronger names in crypto I believe it is next in line to have a little blue sky breakout. Confirmation - a 4 hour close above about 400 area on...

Crypto-Crown

As long as it holds the neckline of the head and shoulders on the long frame (support trend line around 12,220 Poloniex) I see this as 'healthy' consolidation. We're currently flirting with the resistance trend line around about 13,850 Poloniex so if we can get a 4 hour close above that then BTC is allowed to run up to the next resistance level around mid...

Crypto-Crown

Trading above the resistance trend line.. Wouldn't be surprised if we see this go back to highs very soon. 4 hour MACD crossing bullish RSI trending up OBV bullish divergence Looks like it gets to ride ETH's coattails for now. Failure - 4 hour close below the resistance trend line (now turned support line) Not much else to say here.. the best trades are the...

Crypto-Crown

XRP consolidating its USD value nicely here playing between the upper fib retracement levels. So far the hourly is trading above the final resistance trend line. If the 4 hour can close above and volume begins to pick up I would be leaning toward MASSIVE upside in this name. We can make a measured move off the flag which would put us around $3.00 area (ballpark...

Crypto-Crown

While BTC is in a critical state as it flirts with the neckline of the massive head and shoulders on the long frame, I believe we are beginning to see a change in market behavior. Bears continually are being rejected at the neckline around about 12300 Poloniex. While the bounces are getting weaker from the lows, the range is consistently getting tighter which I...

Crypto-Crown

XRP holding its own to consolidate the monster run of the last couple weeks here. Although XRP has some legendarily violent shakeout moves it is currently playing between the middle fib zones which we can see this as healthy-ish consolidation. It is currently living above my resistance trendline here, but without volume this is just looking like more...

Crypto-Crown

XLM has had a monster run this past week and is currently consolidating the run forming a beautiful flag. All technical indicators cooling off, saying we have room to run if a breakout occurs. RSI coming into the neutral zone, OBV showing massive bullish divergence, MACD ready to reverse to the upside and BBands getting tight signifying a move is...

Crypto-Crown

BTC testing the neckline of the massive head and shoulders here.. with a 4 hour close below the support trendline on heavy volume would effectively complete the h&s pattern likely leading us well below the 10k level. A measured move would put us around the 8k area before major support is shown. Could set up a nice bounce to trade at that level, can't say if it...