I was on here yesterday in a few threads giving TA to a few folks on things they were looking at.
I do this for a living so if I get a lot of questions about different things I will be answering them in the order that they tip one of the below addresses.
BTC: 1EyNfT1CZzaynAbqwB6L5tkY6NcWowvc5K
ETH: 0xC7523721BEEF45ae945C45656FE5c160F54ACA47
LTC: LREDUWmtjKrpiVtkuxprZWMNCkD6owYKMU
If it stays relatively tame I can answer without any need to tip. I am just going to try to give some depth to the analysis today and explain the reasoning, which will take a lot more time than the analysis I was giving yesterday.
Stay on the topic of cryptocurrencies so that I dont need to change between setups, that would just take a lot of time.
TA is voodoo nonsense and a self-fulfilling prophecy.
Alexander Robinson
BTC seems to have a progressively higher bottom than previous lows. This means that every period of fluctuation within the past few days has been marked by the market wanted to buy in at a higher and higher price as their "low"
On its own its a good signal that we might form a decent pattern into tomorrow, and the volume only enhances that possibility. Don't invest now, but certainly look for some tell tale signs of a breakout. When a breakout happens the market will most likely test resistance which means you will have 2 shots to enter in without losing much in the way of potential gains.
LTC is a tough call as it could be forming a head and shoulders (bad sign) but it might also just be the point where the market tests the recent growth. This means they will let it fall a bit to find out where the consensus lies in terms of potential value of the coin. If it falls below .0125 Sats dont enter the market at that time.
ETH is testing the last breakout at .1132 Sats. Its clear from the volume and the bullish engulfing signal that it is just following its traditional pattern, and indeed if you look at the essential movement it is almost perfectly in line with the last few periods before ETH experienced large increases.
Julian Garcia
If you look at the 2h chart you get the best idea of a signal from ANS. It is most likely forming a cup which is a bullish sign. the time to buy depends on if this is just a cup or whats called a cup and handle. the handle refers to a period just after the cup where the market tests to see how "true" the cup was and is shown by a decline at around 45 degrees before jumping up around halfway down the depth of the cup. If I turn this into number for you look at buy in points around .00431 Sats or .00369 if it does in fact display the handle. Expect the Max at this rise to hit somewhere around .0052 before it dips again at which point another analysis is needed to determine future movement.
actually as I type this it looks like it may just be forming the cup with handle so keep an eye on it.
Ryan Nelson
Reassuring me on ETH, I just started getting into TA a month ago and that's been the general observation. Bought like mad today, weekend's looking strong with news on the horizon.
