ETH 4 Hour Equilibrium Note the low of this consolidation does not HAVE to hold, that would just be ideal for bulls.
Keep an eye on the ETHBTC chart as we are looking for some more short term clarity on who the leader is.
There have been two instances in the last 24 hours where ETH has shown bulls to be a bit more explosive than BTC.
Patient traders are waiting for more clarity on the short term pattern as we patiently wait for bulls to prove themselves.
Remember we need a daily higher high to confirm the trend change and weekly higher low.
4 Hour inside bar and bull MACD cross to watch shorter term.
Cryptocoin
BTC 4 Hour Tightening Pattern Currently watching healthy consolidation after the bull break yesterday morning.
The 4 hour time frame is the most clear for watching this set up in my opinion.
Bulls are within striking distance of the daily resistance to break for continuation and higher highs.
If we break the low of this current consolidation, it will just prolong the amount of time in the 4 hour equilibrium in my opinion.
Bulls have a comfortable setup for today due to this positioning.
4 hour Inside bar and MACD cross trying to follow through for bulls.
Patience for a break if looking for an entry in a position.
VeChain VENVEN/USD by trend line. Have active zone. You can enter by 3.3$ then up to 4.5$ - correction - up to the next target 5.1 - 5.4$
LTC Still Weakest, EMA 12 hourly resistance BTC and LTC are being driven down by EMA 12 hourly resistance, and we will have to see a higher low and higher high for the bulls to have any hope of shifting momentum and forming a lower wick on the daily candle.
Daily chart has pulled back more than 50% from the high of the bounce, same as BTC.
We are back to the game of looking for a trend change on the hourly... then looking for the same thing on the 4 hour.
The more we consolidate, the greater the odds we see a daily EQ rather than the potential for continuation right away (with the daily bounce).
ETH Hourly EMA 26 resistance for bulls to turn to supportETH has multiple hourly inside bars about to break to determine short term direction.
The pullback from the high of the bounce is still less than 50% while BTC and LTC are greater than 50%
BTC is struggling with EMA 12 while ETH is showing relative strength and is 1 level up to EMA 26.
We will still need BTC to change the hourly trend for the ETH bulls to give the daily candle a nice lower wick.
Bulls need to set low of day this morning and see a slow bounce today for the daily chart to continue to hold the trend change possible.
Currently in a patience setup, unless any bulls are trying to enter on the daily higher low, which we still are not confident in until the hourly trend changes at the very least.
BTC Hourly EMA 12 Resistance BTC has pulled back more than the bulls would like, giving back over 50% of the bounce.
We continue with hourly lower highs and lower lows as long as EMA 12 is resistance driving the price down.
Bulls must see an hourly higher low and higher highs to shift momentum back to bulls.
Goal for bulls is to form a lower wick on the daily candle today, showing bulls buying the dip.
The odds increase for a daily equilibrium the more we pull back from the recent highs.
Bears are riding the trend and bulls are looking for the daily higher low. More patient traders will wait until we bounce around within the daily bounce range, and break to continuation or fall back down to $7,000. Weekly EQ must see bulls change the daily trend.
LTC Daily Higher Low Streak BrokenWe are now consolidation and as I write this, LTC playing role of lead bear at the low of consolidation while BTC and ETH have bounced from the lows a bit.
We are looking for a daily higher low and the bulls best case is a bull flag that would need just a couple days of healthy consolidation.
If we pull back more than $117 we will see best case for bulls turn into an equilibrium pattern.
Consolidation this morning is leading to hourly oversold RSI levels, which the bulls want to see some decent bounces off of to keep confidence in the bulls. 15 min higher lows and higher highs are needed to cool off hourly RSI levels, LTC currently with an hourly RSI of 31.
ETH Daily Inside Bar Forming ETH is currently holding up a bit better than BTC as the daily higher low pattern is still intact, where it has already been lost for BTC.
We are clearly seeing consolidation and looking for a higher low on the daily for BTC,
ETH has not given such clear signals that we are done this bullish move yet.
Two scenarios are BTC forms a daily bull flag and looks for continuation in which case ETH would benefit without the need for much daily consolidation.
If BTC pulls back more significantly and looks like a few days of consolidation are coming, we will look for ETH to pull back to try and form a higher low in the $570-580s. Anymore pullback than $570 and we will look for a daily equilibrium before a break.
Best case scenario for all bulls is confirming the weekly reversal candle... which would mean brief consolidation to start the week and bullish continuation the 2nd half.
BTC Daily Higher Low Streak BrokenAfter 5 days in a row with higher lows on the bounce keeping the bulls in full control, that pattern has broken.
This is not the daily consolidation we were looking for where a higher low is needed and a higher high to change the trend.
So far the consolidation is healthy, increased bear volume with no lower wicks would be a red flag.
Ideal scenario is for a bull flag on the daily with no more than a couple consolidation days before continuation.
Look for EMA 12 and 26 to get closer to each other every day.
Another scenario is we will back under $7,400 which in my opinion would increase odds significantly that an equilibrium on the daily forms.
Essentially every day we are looking for clues as to whether a bull fag or equilibrium are more likely.
$RPX A Based Classic Crust Pizza Slice For The Promised Land$RPX based out in a life of a pizza slice. Confluent with VPVR and a spike in volume will see this mega moon.
$OMG - OmiseGo Daily ChartI look for enty for OMG here as i believe it will be a good longer term investment. Here we see some divergence developing with the BB% and we eventually see a pull away from the lower bollinger band, but its been very slow and still hasn't gone positive with weak volume. The AC oscillator is coming close to the zero line signifying a possible change in trend and we are at the very top of the current channel. We sit against line of monthly resistance now so in order to consider a buy in, I want to see a closing candle outside this channel, and then I want to see if we can see a push past the 20 period moving average. If we can not break through the channel or unable to break through the lines of resistance here, the next line of possible support isn't until 134375 SATS so I would wait to see if we get the trend change there before considering entry.
DECRED: NEW EXCHANGE LISTINGS - PROFIT = 14.07% PROFIT !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 28th of April 2018.
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The increase in price may also be explained by positive developments including:
April 19: YBF Ventures announce our corporate partnership with Decred as part of our Web 3.0 hub.
April 28: Decred V1.2.0 Released. This release of dcrd contains significant performance enhancements, infrastructure improvements, improved access to chain-related information for providing better SPV (Simplified Payment Verification) support, and other quality assurance changes.
A significant amount of infrastructure work has also been done this release cycle towards being able to support several planned scalability optimizations.
This includes the following changes:
Significantly Faster Startup
Support For DNS Seed Filtering
Committed Filters
Updated Atomic Swap Contracts
April 29: New Decred Slack invite page is up and running.
May 2: Innosilicon's world class R&D team just released the latest global leading miner D9 (Decredmaster)
May 2: Significant optimization achieved in how Decred performs signature hash calculations. Improvements in both speed (306x faster) and memory allocation (91% reduction) for a transaction with many inputs.
May 4: Decred has been listed on Upbit exchange.
May 6: Minertopia releases new Decred mining pool with 1% fees.
May 12: Decred is exihibited at Consensus 2018.
May 19: First beta of Decreds's ticket splitting mechanism released. Decred users are able to buy ticket fractions & reduces barriers to entry to participate in Decred's governance.
May 16: Bittrex adds a new DCR/USDT trading pair.
May 24: Bleu adds DCR/USDT trading pair.
May 25: OmniTrade (Brazilian Exchange) adds a DCR/BRL trading pair.
May 31: News is released that states that companies are launching dedicated ASIC Miners for Decred.
May 31: Upbit (Korean Exchange) lists DCR/KRW and DCR/USD trading pairs.
The positive news (mainly driven by the increase in the number of exchange listings) combined with the uptrend in prices from the general crypto markets can explain the increase in price.
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LTC Multiple day 4 hour Equilibrium While BTC and ETH continue higher lows and higher highs on the 4 hour chart over the past couple days,
LTC continues to consolidate in a tightening range forming daily inside bars.
We should see a break sometime in the next 24 hours from this range to indicate short term direction.
It is also notable that LTC hit the daily EMA 12 resistance first and this could be leading to the slowdown by the bulls and the inability to follow the others.
Clearly the weakest of the 3 currently. There is a lack of resistance if the bulls can get over $125.25.
I am keeping an eye on LTC knowing some day, it will be a good trade option vs. the others again.
ETH Multiple tops in the upper $580sBulls bought the dip last night and are back to hitting resistances in the upper $580s.
Bulls trying to see another 4 hour higher high with the help of BTC breaking the tight 4 hour pattern as well.
Bulls held EMA 4 hour support on the back test which is a good sign, but EMA12 daily resistance is being tested again today.
We are cautious and looking for signs that our daily top is in, as we know we will need a higher low and higher high on the daily to change the trend.
Loss of 4 hour higher lows will be a signal the daily top is in for now.
Currently holding a smaller swing position as long as 4 hour higher lows hold.
BTC 4 Hour Tightening RangeWe have close to a double top, and higher lows continuing on the 4 hour chart.
The bulls are still butting their heads against EMA 12 daily resistance.
When we lose 4 hour higher lows, that is when we need the daily higher low to form vs. $7,058.
Bulls held EMA support on the 4 hour time frame on consolidation which is a good sign,
we just need a more convincing break of the $7,600s on convincing bull volume.
Watching for a 4 hour inside bar to form this morning, and for the break to give us some short term direction.
Currently still riding an ETH swing position as long as 4 hour higher lows remain.
$NEO - NEO Daily ChartWe are seeing a possible trend change in NEO as we have some divergence shown here in the AC oscillator which is close to the zero line and the BB% also showing positive rather than the trend shown on the candles. We see a positive green candle forming which is another symbol of a sign of a trend change. We are at the top of the current channel which has to be broken to confirm this change then I want to see a break across the 20 period moving average and the AC oscillate stay above the zero line. If we continue on the current trend and don't see a reversal this could happen in the next few days. If the channel isnt broken and we regress, the next line of support for a possible bounce comes at 675497 SATS.
$ETH - Etherum Daily Chart BTC PairingEtherum overall has been on a nice bull run in the long term. The monthly chart shows a continued run of higher lows on the BTC pairing. I am looking to add to my ETH holdings as it is the only other coin than BTC that i actually hold for long term consideration at this point. We are seeing the signs of a trend reversal coming out of a correction. We found some support near the bottom bollinger band which matched up against a support line around 7981304 SATS. AC oscillator is turning green and heading back to the zero line and the BB% is trending up. I would consider a buy in once the Ac oscillator crosses the zero line and we break the current channel. All these indicators will confirm a new trend which will be a good sign to buy in.
DGB - Digibyte Daily Chart Digibyte is a third coin on a long term investment situation based on its weekly and monthly charts, so i post this looking for a buy in on the daily. Right now, Digibyte has been in moving to a more bearish trend with lower highs and lower lows, so a buy in may take some time. All oscillators confirm the trend is still bearish and we may not see support until we hit 430 Sats which is the bottom Bollinger Line and a prior daily support location. If the bounce happens, we still have to gain some ground to confirm a more bullish trend. I would be waiting for a close above the 20 period moving average and a break of a resistance area i have marked at 481 SATS. A buy in may take some time before i look to start accumulating Digibyte, so I will have to keep a long eye on this coin. If support fails, this could cause a complete bearish reversal for long term investment consideration. We will see which direction Digibyte moves in the coming week..
$DCR - Decred Daily AnalysisDecred has been doing very well over the past few weeks, but we see ourselves in a price correction. We hope for support around the 20 period moving average which we are just above right now. Over the next 24 to 48 hours we hope the support holds and we continue the bullish trend. the Ac oscillator is still showing a heavy bearish trend, so if support does hold we will need to see the oscillator start moving back to the Zero line and wait for it to pass zero, then we will see a new continuation to the bullish trend.
If support at the 20 period moving average fails, the next line of support comes at 1102160 SATS for possible rebound.
$BTC - An Indepth look at Bitcoin USDTToday I am going to go into a more indepth look into the future of Bitcoin starting with the monthly chart, then the weekly and our current daily outlook.
The indicators i use here are Heikin Ashi candles. These candles are used to identify trends taking averages from prior candles high, lows, openings and closings. It is a lagging indictor so you will not see the exact price reflected in the candle, though I personaly am a trend trader so these work the best for me when looking into entering and exiting a trade.
Second we have Bollinger Bands. I love these bands as they include the 20 period moving average, they are great for determining volitility in a market and the upper and lower bands in my opinion work great as estimated upper and lower bands of resisitance and determining oversold ad overbought considions.
The BB% indicator works well with the Bollinger Bands as it helps determine the direction of the trend, used to find divergence in trend changes, and helps with determining overbought and oversold conditions.
LAst indicator i use is the Accellerator OScilator i call AC which is a histogram hat is used to confirm and determine when a trend is changing. When the histogram is below zero and is growing its the sign of a bearish trend change. The opposite is true for bullish trends above zero. The lines are colored red for bearish signals in the trend change and green are bullish changes in the trend.
I have drawn some support and resisitance lines using turning points and peaks off the Heikin Ashi candles. Red dotted lines are resisitance points, green ones are support.
Now with the monthly chart one can argue overall that Bitcoin is still overall bullish as it sits way above the 20 period moving average but we have been in months of a correction though this month we did see a small rally hence why we have a small green candle. Where near the end of the month and its forming a doji which with Heikin Ashi still is a sign of a possible reversal, though we find ourselves at the top of a channel. For there to be a continued long term trend change with bitcoin with the possibility of there being new highs, the channel has to be broken. We do not have enough data for a long range AC oscillator to populate but the BB% is showing a possible turn, The weekly and daily charts though may not give us the long term shift we need at this point.
The last three weeks have been bearish overall and increasing bearish as the candles are getting larger. The AC oscillator is going below the zero line ans going red showing an overall weekly trend change is in the process. For there to be an overal trend change for Bitcoins future, we need next week to show some gains. Right now on the weekly, we are not seeing this. the BB% indicator is trending down though we have a line of support around $6681 at the bottom band followed by support around $6678 which tells me this is a strong area. We have hit this area at least twice the last two months and found a reversal in the trend so we hope history repeats itself. The bands on the weekly chart are starting to contrict, the possible start of a bollinger squeeze which could show a heavy move bearish or bullish in the upcoming weeks. It may be to early to tell though when or if this will happen.
The daily chart is showing some life today with some positive candle forming with some buying going on. We have a very small line of divergence happening with the BB% and we are rebounding a bit off the lower bollinger band. The AC Oscillator is starting to move from negatives back up to zero which can be the start of a trend reversal but this till not be confirmed until we are above zero here and we break the current channel. Once that channel is broken, we still need to break resistance around $7991 and i would want to see a break across the 20 period moving average.
BCH/BCC - Bitcoin Cash - Daily BittrexSecond coin on my long term trade consideration is Bitcoin Cash. The monthly chart shows the last few months have shows higher gains so I am looking to start buying in and accumulating come coins.
The overall trend has been bearish the last few weeks, but we have some divergence happening over the last few days. The AC Oscillator is showing a slow change in the trend and the Heikin Ashi candles are starting to reflect this as well. Same with the BB% indicator shows a pull from the lower band even though the candles are still showing a bearish trend. If these signs come true and the trend changes, the next line of resistance is around 14591250 SATS. I would want to wait for this resistance line to be broken and see a daily close above this line to think about a buy in. This is a daily line of resistance. If this happens, then I may look to buy in. If the bearish daily trend continues and we do not get our reversal, the next strong line of support is based off a monthly line around 10887486 SATS.
LTC Potential 4 Hour Equilibrium Same setup as ETH while BTC has a 4 hour higher high.
Forming a 4 hour inside bar and a daily inside bar in the current tight range.
Bulls will need to break the high of this bounce attempt to catch up to BTC, but we are already hitting EMA 12 daily resistance.
LTC continues to be the weakest of the 3 in my opinion, though not by much they are all in the same boat.
Looking for a bull MACD cross on the daily and bounce continuation, but bulls MUST break this 4 hour EQ bullish.
4 hour higher lows are also a MUST hold for bulls at this point.
ETH 4 hour Potential Equilibrium ETH has not formed a 4 hour higher low and higher high yet like BTC has.
If we continue to pull back we will have a clear 4 hour equilibrium to watch for the rest of the day.
Bulls have more work to do to see the 12 EMA cross 26 bullish like it currently is on BTC.
Daily EMA resistance will be next if the bulls can clear the top of this bounce in the mid $580s.
Currently a daily inside bar forming with the 4 hour EQ.
The ETHBTC chart to watch for strength in comparison to each other is pretty much forming the same 4 hour pattern as ETHUSD.