Wombus

Wombus

Nice cup and handle pattern forming, albeit a short time period, may be a bullish signal. That along with the higher lows and a strong newly defined support level at ~2,740 makes me think about adding a little to my Long BTC position here. I would think given the August 1st date quickly approaching we'd be net down, maybe this is part short-covering rally for...

Wombus

I'm still bullish on LTC long-term, especially given it's strength in the crypto down-draft from a few weeks prior. The technicals look challenged right now when you look at a longer-term picture (see graph). Any significant weakness I'll use as an opportunity to add to my LTC/USD long.

Wombus

Added to my long BTC position at exactly 1,800; bounced back toward 1,900 level. 1,650 is BTC's next strong support level, if it breaks, it's a LOOONNGGG way down so be careful. Watch the 2,050 level as near-term resistance, a break above that level (then the next resistance at 2,250) may force me to revisit my near-term bearish sentiment. Ultimately, I'm...

Wombus

Self-explanatory

Wombus

if BTC/USD doesnt recover above the 2,250/2,260 level .. look out below.. plenty of time to buy, le t this shake out, more pain to go..