Bitcoin

https://www.tradingview.com/x/IeaLU8k0/

Ok, sometimes executing a trading strategy can be painful. However maintaining a system, if it is a successful system, even when it goes against you is more profitable in the long run then trading based off of emotions.

Having said that, I want to keep my short open. That's the main question of the day, to take my profit off of the table or wait for this count to play out more.

Here's what we see for Bitcoin. The daily candle just close an hour ago, and it shifted from a gravestone doji yesterday, to a fully bullish candle today. The candle that just formed also looks bullish. As I said earlier today, a bullish trade was on the table as soon as the green two traded above the green one, at 8317.

On the daily, we can see an entire cluster of resistance above us. EMA - 12, 26, 50. Ichimoku - Tenkin, and Kijun. 200 Day SMA, and the ATR 20x2. That's a lot of metrics. However in the intra-week this could be a potential bounce, however I have a sneaking feeling that the bottom is about to be pulled out from under us at any moment. Volume is still very weak, and there is NOBODY trading on the exchanges, it's almost ALL bots.

I am still NOT BULLISH until we reach 10k again. Everything in between that is just range trading that will still chop your head off if you stick it out. Everybody is going to yell at me if we go full bullish here and ask why I didn't buy the dip. Again, you can always try and buy the dip, but if you're TRADING it's best to wait for CONFIRMATION. You don't gamble unecessarily with your trading, there's still massive profit potential to be made from 10k. Again, however, if you're buying Bitcoin to hold for the long term, ,the best time to buy is always yesterday. Today is the second best option.

https://www.tradingview.com/x/hALUUWeF/

On the four hour chart we have a EMA quick crossover. If you've ever wondered why the 12 and 26 day EMA are so accurate....it's because it's the only indicator GDAX offers. Think about that for a second. :smiley: We're headed for a nine count to the upside, which would indicate a 1-4 candle correction, however to achieve that nine we have to close above 8560. That would put us in more bullish territory. We were rejected from the Kijun line multiple times today, however now we've traded above it and even closed above it once. (Before getting pushed down more recently.)

Before I make any more trades I'm going to see how this nine count plays out, look for the correction, and re-evaluate.

Ethereum

https://www.tradingview.com/x/E8aJve6W/

ETH...wow. The price has just been plumetting over the past week. Thank God we started shorting this baby a long time ago. On the daily we're approaching what I believe will potentially be our final nine count after recycling our last nine count directly. Yesterday's candle was a DIP BUYING opportunity, all the way down to 452. That was insane. Although we still have all of our resistance overhead, I think we'll begin seeing a renewed uptrend from here. Closing our short and letting the current cycle play out, we'll re-evaluate upon confirmation of a continued trend downward or a reversal.

https://www.tradingview.com/x/iyJGHqZS/

The four hour chart shows the imminent completion of our current nine to the upside. Look for either recycling and continued bullish momentum, or a brief day of correction before renewing upwards movement.

Litecoin

https://www.tradingview.com/x/zSTJkFxB/

Wow, look at that beautiful reversal candle that bounced RIGHT off the 200 Day Simple Moving Average. On an eight no less. We've noticed in Crytocurrency that our Time Indicator tends to reverse off eights frequently as opposed to nines consistently in our application in FX. Something to look into as we update our code in the future. To get a nine on this down count, we would have to close tomorrow below 152. Now today's candle just started, and although I don't see that happening given the strength of our bounce it is possible. I'm looking for a renewed count to the upside and some breaking of resistance, however we're not out of the woods. We've just stomped the brakes on our downwards momentum for the time being. It could be we're going to range trade here for a while, before continuing down, or this could be the moment.

https://www.tradingview.com/x/NaXYyUjr/

The four hour chart is going to give us a completed nine count, and then as I said earlier, a day of correction, which potentially could give us our lower low for the nine completion on the daily. Although tentative, and volume is low, this could be the reversal. We'll just have to wait and see.

---

Come on over to Cracking Cryptocurrency and join the community of crypto enthusiasts, traders, and investors!

If you enjoy my content, please support me by upvoting my post, resteeming me, following me on Twitter (@JustinWiseFree), and leaving your thoughts and comments below. I'm always happy to answer questions and see what is on your mind.

Consider joining the Cracking Crypto Discord Channel, the trading group I provide content and signals for. We have a highly respected and experienced team of traders and investors, and an active community for crypto lovers and traders from all walks of life.

---

I'm not a financial adviser. The information here is for education purposes. Trading and investing are wonderful things to do, and it's OK to take advice and to learn. I'm glad you're here right now reading this, educating yourself. Don't take my word as the gospel, and be careful. All investment's and trading opportunities carry risk, I'm sure you reading this have the potential in you to profit from a careful trading plan, and wise investment choices. Do it right, do your research, and don't trade stupid. Very best of luck to you!