Technical Analysis 2017-08-25
BCH/BTC
Bitcoin cash is now turning down in the short term. OBV indicator shows some dumping. If you have bought earlier, maybe take some profits first. If you want to buy, wait for signs that it will turn back up.
Resistance : 0.244000
Watch Level 1: 0.177458
Watch Level 2: 0.156445
Watch Level 3: 0.135432
Support : 0.068890
BTC/USD
Bitcoin is turning up against the US Dollar, with steady volume. Some people may be be switching a bit from Bitcoin Cash and there could be cryptocurrency newbies buying. It is now in an overbought condition. Don't chase prices. If you want to buy, wait for it to cool down a little bit first.
Resistance : 4480
Watch Level 1: 4145
Watch Level 2: 4040
Watch Level 3: 3934
Support : 3600
ETH/BTC
Etherium is in an uptrend against BTC. You can buy some, if you want, If it goes lower into oversold condition, but does not break support level, you can collect some more at a lower price. Selling volume is weak.
Resistance : 0.086711
Watch Level 1: 0.078700
Watch Level 2: 0.076170
Watch Level 3: 0.073640
Support : 0.065629
IOTA/BTC
IOTA is curving down against Bitcoin already. Poised to break support if there is enough selling volume to ram through.
Resistance : 0.00024680
Watch Level 1: 0.00022500
Watch Level 2: 0.00021800
Watch Level 3: 0.00021100
Support : 0.00018910
Litecoin/BTC
Litecoin looks toppish after a bull run. Moving average is curving down. There is some profit taking. It is now oversold, which means there could be one final wave up.
Resistance : 0.013497
Watch Level 1: 0.012094
Watch Level 2: 0.011651
Watch Level 3: 0.011208
Support : 0.009805
Monero/BTC
Monero is in an uptrend and has gone up from yesterday.
Resistance : 0.025100
Watch Level 1: 0.020018
Watch Level 2: 0.018414
Watch Level 3: 0.016809
Support : 0.011728
NEO/BTC
NEO has broken out of a triangle pattern. There is buying volume, but not strong. Slightly bullish.
Resistance : 0.013980
Watch Level 1: 0.011532
Watch Level 2: 0.010759
Watch Level 3: 0.009986
Support : 0.007538
Ripple/BTC
There was a massive selldown of Ripple against Bitcoin. The uptrend has ended, for the moment. We will see what happens next.
Resistance : 0.0000742
Watch Level 1: 0.0000591
Watch Level 2: 0.0000544
Watch Level 3: 0.0000496
Support : 0.0000345
Steem/BTC
Steem is still chugging along in a slight uptrend. But it seems to be losing some steam with some bearing divergence. However, it is now oversold. There may be a chance for one final push.
Resistance : 0.0003300
Watch Level 1: 0.0002863
Watch Level 2: 0.0002725
Watch Level 3: 0.0002587
Support : 0.0002150
Gold Futures
Having failed to break up out of the triangle, the buyers seem to be afraid of the mysterious sellers. So it is curving back down slightly.
Resistance : 1306.9
Watch Level 1: 1293.9
Watch Level 2: 1289.8
Watch Level 3: 1285.7
Support : 1272.7
Silver Futures
Silver is also curving down slightly. The jury is not out yet. Maybe Kim and/or Trump should make some more noise (but do nothing), so as to push gold and silver up further.
Resistance : 17.32
Watch Level 1: 17.03
Watch Level 2: 16.94
Watch Level 3: 16.85
Support : 16.56
[ Note: This post represents my opinion only and is not to be construed as financial advice. I do not discuss my trading positions. You alone are responsible for your own trading. Do your own due diligence. ]
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STOPgreat analysis @tradersharpe !
what a shame that you did not get more votes so far...
followed you and gave you a 💯 % vote
Thank you for your support!
Good analysis, I really need to spend some more time looking at charts, I just find crypto coins intradday trading is not like usual stock pattern charts and some/a lot of the rules don't apply. Maybe I just don't understand enough.
Welcome to #theunmentionables
Actually, I think it's the other markets that are more manipulated. However, I heard that there are groups that do pump-and-dump for cryptocurrencies. That's also manipulation! What's the difference? The difference is, for the other markets there are laws prohibiting that. However the laws apply only to the small guys, but not the big guys! For cryptocurrencies, there are no laws (yet). It's the Wild Wild West. Pick your poison!
Just saw this post mentioned on discord and wanted to upvote and support!
Thank you!
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STOPGreat analysis my friend. You're a member in our group, #TheUnmentionables.
I just followed you as well, keep providing great charts and analyzing trade action!
Thank you for the wonderful technical analysis.