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Cryptocurrencyanalysis
#1 Crypto Daily BTC/USD Any Bullish Signs? Jan 27 2018It has been a week of consolidation were price has been
going sideways in the range 10500-11800. There is a Hammer
candle still active from Jan 17 when price almost traded the Monthly S1.
Overall, trend is bearish both using Ichimoku and MACD, but the
last week this hasn't been reflected in pure price action, a situation
that can be called bullish pressure. Since price did retest the Cloud
after the breakout, it would be normal to see more losses and a
continuation down. Thus, the picture is more in line with
a deeper correction than an actual shift of trend.
What bullish signs are there, except the non trendconfirming price action?
We can see the MACD indicator about to make a cross. If price
breaks out of the tight range it is in, and close above the 12000
mark, chances are we will see more upside on the back of a bullish
MACD signal. Next resistance above 11800 is the 12600 Cloud resistance
and S/R level. Bulls would very much like to see a close above the
Cloud and the Kijun Sen (white equilibrium line) which would put
the upper end of the descending channel in focus, as well as the upper
Cloud. A close below the 10500 level from here will again expose
the 9000 support level.
The quiet price action of late with several dojis will normally result
in a moment of increased volatility as built up energy is
being released. Volatility has fallen back to the levels we saw
2nd week of Dec last year (ATR(14)) around 1500. This was then
a resistance level before volatility increased up till Dec 22.
Let's see if it will act support now.
LSKUSD NEUTRAL STANCE-28.10.2017Hello guys,
Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet.
USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line.
Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute according to the signal. If LSK prices continue to close above $4.7 then there is a likely hood that LSK bulls might push prices higher making it a break out-retest.
However, close below $4.1 bull flag base line and 20 Period MA means USD bulls are in charge.
What do you guys think? let me know.
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