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$BTC.X #cryptocurrency #BTCUSD still quite choppy and decidingif $6k was a floor or not. The choppiness has definitely told me to patiently wait for trending behavior again. However, in the interim, some patterns can be visualized - whether or not they have practical merit is another story. So, this post is merely highlighting it with neutral outlook on its resolution. Yes, I'm using the 15 minute chart here to evaluate the pattern and I agree, the value to a trader is probably low in this type of market but it's interesting nonetheless. The basic repetition is: an advance followed by 3 peaks, typically each declining in price relative to the last, followed by a sharp decline on high volume, testing support twice before the next advance. While I drew in this arc acting as "support", I'm not a huge believer in arcs since if they're off even a little it can lead to large changes in predicted support/resistance points. While it's difficult to know where the current price is at for this pattern, some possibilities are shown. I think the best usage would be the double bottom between each decline/advance, whereby you can define a rather tight stop loss. Other than that, all these lines are more of a musing while waiting for trending price action. I used Coinbase for this chart, but if you check the other major exchanges you can see similar patterns.
COINBASE:BTCUSD
by JustChartThings
1
Looking At XRP Another WayThe Red Wavy line is the 50-day Moving Average on the 4hour Chart. This is acting as resistance. The Blue Wavy line is the 20-day Moving Average and that is closing in on the 50. It too is acting as resistance. The Gold Wavy Line is 9-day MA and it follows along. The regression channel indicator captures the bearish trend nicely. However, this tool is showing me that the upper channel is in play since the 22nd with a retest in the 26th. If the prior action (4-day cycle) hits the mid-level of the channel then I am inclined to believe that the bears are still at work. But this is looking weaker too. It is my opinion that XRP will push to resistance in the short term-48 hours or less-If the price does not hit support by 31 Jan. The Short-term Fib shows the last move retrace to .786 and is now at the .5. .236 and .382 is structural resistance.The top end of the regression channel also shows the.382 as resistance. The regression channel was drawn first. Lastly, XRP does have a repetitive history of this movement followed by a rapid downward movement. I expect XRP to consolidate in the next 48 hours. That will be an area that the skilled traders can work magic.
BITSTAMP:XRPUSD
by ramonbenavides12
2
BTC bulls establish higher low on 4 hour. Things going as anticipated in the video yesterday. Bulls topped out in the later afternoon/evening and consolidated to form a higher low on the 4 hour. EMA 12 and 26 resistance on the 4 hour currently keeping the price contained. Bulls need a break for continuation on this bounce. If we cannot break the high of the bounce this morning, look for a lower high and an equilibrium of sideways trading. Bulls still have momentum in their favor on this bounce. BTC continues to be the leader to watch for correlation to the other names, including most alt coins. 15 min higher lows being lost would indicate we enter the sideways trading scenario.
COINBASE:BTCUSD
by TheChartGuys
New Small Cap Cryptocurrencies > BTC / LTC / ETHThe big 3 have been greatly outperformed by other investments and will continue to do so, in terms of % returns. If you feel like you "wish" you bought ETH, LTC or BTC at the beginning of this year, just know there is better opportunities in terms of returns. Currently our team is looking at: - SNOV - DRGN - HUSH - SPHTX - RVT - MSP - LUX - XMG - DBC - PHR ...and are evaluating many more. You can find them in our newsletter by doing a Google Search for "The Crypto Labs" Here are some tips and things we look for in finding small caps: - first to market ideas - great teams - good market penetration - unique ideas - good whitepaper - real-world use - low circulating supply - overlooked - small market cap (<10M) - bright roadmap - positive testnet/mainnet
BITSTAMP:BTCUSD
by JCBCrypto
3
Bitcoin year-endLet's sum up the results of 2017. Bitcoin surprises the whole world, people psychologically break down in front of the rapid growth and start nervously buying. Cryptocurrency is being introduced into our life, blocking is used by the largest companies, countries. Smart contracts lead into action. TECHNOLOGY! Bubble, the machinations of the century, charlatanry, lawlessness, the pyramid .... TECHNOLOGY!!! Even institutional investors have broken down at the end of the year. Further it will be only more interesting. Get on with it, gentlemen and ladies.
BITSTAMP:BTCUSDLong
by PeacefulWarrior
7
LTC:USD Ascending Triangle (Nothing is perfect.. :P)LTC is forming an ascending triangle (not a perfect one) which, if it plays out, will confirm a trend continuation. The white LSMA is pointing straight to the upside and indicates a trend continuation as well. On the other hand the IDDQD line (green) turned down, so the trend might drop to the downside of the ascending triangle . That's the reason why I dont connect the lower leg of the triangle with the wimps. The bottom is about to come and even the .236 fib could be retested again. The trend is supported by the 50 EMA . A green buysignal (dot) flashed up already but I expect a sellsignal is about to come. As soon as the upper side of the triangle is broken, the first target will be 350 USD. If the trend moves down, the first supportarea would be at ~175 USD. The second: ~ 135 USD Targets: 350 USD --> 485 USD --> 565 USD . The targets 700 USD and OOOVER 900 USD are far away, but possible in future.
BITFINEX:LTCUSDLong
by Nocturnoz
LTC Hourly Consolidation After a lead bull day yesterday, LTC has lost some of the correlation to BTC and consolidated. This has allowed BTC to catch back up, and come closer to all time highs in terms of %s. Keep a close eye out for the buying bot of 250 coins, it has signals multiple bullish hours in a row on two occasions in the last few days. All eyes on BTC closing in on all time highs, we will look for a bull break of consolidation here, if it occurs. Currently in BTC but LTC can be viewed as a potential laggard play if the bulls respond to BTC strength. Bulls yet to establish a clear higher low on the hourly, and put an end to consolidation.
COINBASE:LTCUSD
by TheChartGuys
LTC 4 Hour Inside BarThe bulls have held strong overnight and are not seeing the same magnitude of consolidation as ETH. The bulls are looking for a break of the inside bar but if it is a bear break, due to the lower high set, we will look for an equilibrium here as well. The bulls are seeing a bit more correlation to BTC strength. A break to higher highs would give a clear advantage over ETH with more resistance in the short term. Currently in BTC and will look here once profit is taken.
COINBASE:LTCUSD
by TheChartGuys
ETH 4 Hour Equilibrium SetupThe bulls are taking a breather while Bitcoin $10k steals attention this morning. ETH formed a lower high on the 4 hour and is now looking to form a higher low compared to $462.10. If this higher low forms, we will see a clear break this afternoon/evening from this tightening channel. Loss of the 4 hour higher lows will be the first red flag for daily consolidation we are keeping an eye out for. It will likely require BTC losing 4 hour higher lows to see ETH and LTC derailed for their bull tracks. Currently playing BTC and will switch back if we get a clear bull break of the 4 hour lower highs.
COINBASE:ETHUSD
by TheChartGuys