The recent spike up is confirmation how weak this is.
When you see something like this, it is usually a very bad sign.
Someone bought a lot of coins and the price dropped instantly. It means a lot of sellers are there waiting for an increase to dump their bags.
Not holding and not interested in buying Lisk anytime soon.
When you see something like this, it is usually a very bad sign.
Someone bought a lot of coins and the price dropped instantly. It means a lot of sellers are there waiting for an increase to dump their bags.
Not holding and not interested in buying Lisk anytime soon.
It gained some interest in the beginning of the April because of fork but once it was over, we saw new sell off into new lows.
This coin is slowly dying and losing support is one more confirmation.
Fundamentally I am not interested in this coin. Technically too unless we see support being reclaimed but it would be only short-term trade.
This coin is slowly dying and losing support is one more confirmation.
Fundamentally I am not interested in this coin. Technically too unless we see support being reclaimed but it would be only short-term trade.
This is finally coin that is breaking up the resistance and that doesn’t look like 95% of the altcoins.
If it stays above-broken resistance that is currently acting as a support, we expect next leg up.
Close below support will trigger new sellers and new lows will be the target.
Very clear chart and a great example of how an altcoin has to perform in order to observe it as a potential trade setup.
If it stays above-broken resistance that is currently acting as a support, we expect next leg up.
Close below support will trigger new sellers and new lows will be the target.
Very clear chart and a great example of how an altcoin has to perform in order to observe it as a potential trade setup.
The weekly close is looking terrible. We are not longing until weekly turns out to be bullish.
We do not care if fundamentals are bullish if technicals are looking like this.
We expected rejection from weekly resistance (red box) but this close is something we didn’t expect so our long setup is canceled until we get weekly time frame looking bullish again.
This can also be a great sign that you will be able to buy Litecoin cheaper after the wave of sellers come in after this close so be ready.
We do not care if fundamentals are bullish if technicals are looking like this.
We expected rejection from weekly resistance (red box) but this close is something we didn’t expect so our long setup is canceled until we get weekly time frame looking bullish again.
This can also be a great sign that you will be able to buy Litecoin cheaper after the wave of sellers come in after this close so be ready.
We hope you enjoyed #TechnicalEvening 4. Tomorrow morning there will be #CryptoMonday covering the weekly close of major cryptos so be ready for new analysis.
Best regards, CS Admin.
Best regards, CS Admin.
Good morning dear members, #CryptoMonday is about to start. I hope you will enjoy it!
This looks extra bullish. It is still above both MAs, reclaimed broken support ($8200) and reached a new high.
But this thing is parabolic and if it is going to continue with the move up, it has to cross and close above $10k this week.
Rejection from $10k resistance can send us very low (6-7k region).
In this week we are looking for longs, ideally would be around $8750-8800 area if we get the spike down there.
When Bitcoin is going up, it doesn’t retrace too much. We got all needed confirmations, it looks clear to everyone and if it doesn’t reach $10k and closes above, something is not alright.
When things become obvious in trading, maybe someone is cooking something in the background.
On the long side of course, because there are no bearish signs on the higher time frames.
This week has to have the biggest volume so far and to print a candlestick nearing $11 000 and with close above $10 000.
But this thing is parabolic and if it is going to continue with the move up, it has to cross and close above $10k this week.
Rejection from $10k resistance can send us very low (6-7k region).
In this week we are looking for longs, ideally would be around $8750-8800 area if we get the spike down there.
When Bitcoin is going up, it doesn’t retrace too much. We got all needed confirmations, it looks clear to everyone and if it doesn’t reach $10k and closes above, something is not alright.
When things become obvious in trading, maybe someone is cooking something in the background.
On the long side of course, because there are no bearish signs on the higher time frames.
This week has to have the biggest volume so far and to print a candlestick nearing $11 000 and with close above $10 000.
If we don’t see Bitcoin reaching $11 000 in the next 2 weeks or max 3, something is weird. If this is going to moon, it has to moon and reach $13 000-15 000 to maintain parabolic move.
It is facing resistance and I will not be interested in longing ETH until I see ETH/BTC pair is going up.
If I think ETHUSD will go up, I will long rather BTCUSD because ETHBTC pair is losing support and that’s why we see Bitcoin outperforming Ethereum.
Not interested in Ethereum at the moment. Close above resistance ($300) and we will be at $400 easily.
Without close, we can go back to $200 which is the first significant support.
If I think ETHUSD will go up, I will long rather BTCUSD because ETHBTC pair is losing support and that’s why we see Bitcoin outperforming Ethereum.
Not interested in Ethereum at the moment. Close above resistance ($300) and we will be at $400 easily.
Without close, we can go back to $200 which is the first significant support.
This doesn’t look good. It is struggling 5 weeks in a row to close above resistance and reclaim broken support.
How it can be bullish to someone when this chart displays a huge weakness?
Don’t be obsessed with picking up the bottoms because you can end up being holder for a couple of months easily and the money you could use to trade will be locked.
Considering that the main target is 80% from the price, you will be able to buy it once support is reclaimed and still have the great profit potential so just keep your eyes on this coin but don’t buy it as long as it is below support.
The area below support for buying is the area of these wicks. You can place some orders there but not more than 30% of the position you would normally take on your trade.
How it can be bullish to someone when this chart displays a huge weakness?
Don’t be obsessed with picking up the bottoms because you can end up being holder for a couple of months easily and the money you could use to trade will be locked.
Considering that the main target is 80% from the price, you will be able to buy it once support is reclaimed and still have the great profit potential so just keep your eyes on this coin but don’t buy it as long as it is below support.
The area below support for buying is the area of these wicks. You can place some orders there but not more than 30% of the position you would normally take on your trade.
The price is still in the range. You never know if the range is going to be bullish or bearish.
Looking at the price action that led to the creation of this range, we would give it a bullish character.
The resistance got broken and the price is consolidating above. That’s bullish but we need the price to start taking out previous high ($0.48) in order to expect targets to be reached ($0.57 and $0.79).
It is a waiting game until price action shows the sign. More bullish than bearish at the moment.
Looking at the price action that led to the creation of this range, we would give it a bullish character.
The resistance got broken and the price is consolidating above. That’s bullish but we need the price to start taking out previous high ($0.48) in order to expect targets to be reached ($0.57 and $0.79).
It is a waiting game until price action shows the sign. More bullish than bearish at the moment.