Refer to my previous post on ETH and my thoughts on why we've seen the bottom. Similar set-up here. I've identified key levels of resistance to watch out for. If you really want to be safe with your longs, wait for a break of 17.4k with confidence. There's a lot of other analysis out there that says 17k is a strong level of resistance to look out for (top of the...
After the massive correction from the previous few days, I'm fairly certain the bottom is in. With a nice set of bullish pin bars on various timeframes as well as volume confirmations, crypto has survived the bubble pop. On the BTC:USD side of things, in the hourly candle where we hit a low of 10.7k we saw a massive amount of buying power, where 19 thousand coins...
Made some errors in the earlier one. Will be adding to this as we go along. There is always a narrative, and Bitcoin is bullish until proven otherwise.
ETH is looking considerably more bullish compared to BTC at the moment. What was a very strong rally was put to a pause, and I suspect it has to something to do with BTC shenanigans followed by the recent Bitcoin Cash events. I remain apolitical on the scaling debate and will purely be looking at price action and volume. Once the Bitcoin Cash and Bitcoin Core...
With the anaemic volume leading to the open of CME futures, the charts looked read to roll over once trading started. Following the open of CME futures we saw BTC go through a period of correction (1 to 1.382 time frame). I think between the 1.382 and 1.618 we will be seeing a period of consolidation after a move upwards. The Tenkan and Kijun span shows a big...