BTCUSD 4HR ANALYSIS (BITSTAMP)
Nothing much has changed since my last post regarding bitcoin, it is still in the correction slowly going up ready to break to the downside anytime now.
Bitcoin is inside a large corrective structure after the fall from $660 to $460, currently it is forming a smaller degree corrective structure with price expected to break the structure to the downside soon towards $570 minimum and any further loss from there would confirm that a short term top has been formed around $770 and we may be in a down trend for a while.
All technicals currently indicate a sell for the short term and only a break above $630 would make a case for any upside now.
Key levels:
Support: $600
Resistance: $630
ETHBTC 4HR ANALYSIS (POLONIEX)
Etherium is inside a large corrective structure and is expected to be confined in it short term without any significant moves to either side, currently it has formed a mild uptrend and is expected to towards 0.02058362.
Any move to the downside is expected to be held around 0.01787406.
Key levels:
Support: 0.01787406
Resistance: 0.02058362
XRPBTC 4HR ANALYSIS (POLONIEX)
Ripple is in a mild uptrend against bitcoin, price is expected to continue up, any pullbacks towards 0.0000097 are expected to hold and bounce price back to the upside even though a break below 0.0000097 cannot be ruled out and will bring about an end of the current up trend and start a new down trend.
Key levels:
Support: 0.0000097
Resistance: 0.00001094
LTCBTC 4HR ANALYSIS (POLONIEX)
Litecoin looks very interesting and is looking very likely to start an impulse to the upside at any moment. It is currently correcting down after the last big impulse up and I am predicting that we would get a similar impulse to the upside very soon and when it does come it can be huge like the previous two impulses seen in the chart.
Key levels:
Support: 0.0062332
Resistance: 0.00671047
XMRBTC 4HR ANALYSIS (POLONIEX)
Monero is in a strong up trend and is currently correcting down in a channel, this channel is expected to be broken to the upside and possibly start another impulse to the upside.
Key levels:
Support: 0.0150312
Resistance: 0.01836375
ETCBTC 4HR ANALYSIS (POLONIEX)
Etherium classic is in a very slow and low volume down trend which inside a larger corrective structure, price is expected to break up now, it could be explosive or slow like the current price action, any unlikely break below 0.0020525 would send the price tumbling further down.
Key levels:
Support: 0.0020525
Resistance: 0.0024782
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment or trading advice. The author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be held liable for any loss incurred.
About me: I specialize in trading market breakouts, if you like my analysis and want to see analysis in other areas like forex, commodities and indices you can find me in tradingview.com here or contact me through my website www.thepiphunter.com
