LSK

Lisk (LSK)

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Click Chart to Enlarge

Lisk Tokken (LSK)

LSK is currently making an important pivot point. The current set up on the 1H is very similar to both a bull and bear set up. The bearish set up (yellow) and sell off was after a very fast run up after launch. Where as the bullish set up (green) was a more shallow slope with sideways action before breaking up. At times LSK seems to be tracking with BTC, so perhaps that is worth watching if you are trading LSK. Price becomes technically bullish once it is above the white down trend line.

 

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June 6 2016

 

 

Ethereum to Bitcoin Comparison

ETH to BTC Comparison

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Click Chart to Enlarge

Ethereum to Bitcoin Comparison  (ETH/BTC)

Still following this fractal very carefully. If the price does not break above resistance then this noteworthy pattern stays intact. Being able to use pivot points to long and short is key for a trader. Use the set up wisely. With BTC showing strength shorting ETH in relation to the waves on the fractal should be more profitable.

 

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June 5 2016

 

Ethereum (ETH) to BTC Bubble Comparison

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Click Chart to Enlarge

Ethereum / Bitcoin Comparison

Here is a recap of this fractal again and what to expect through out June. We have been trading this for a while now, so until the fractal is invalidated it’s best to assume it will continue isn’t it? I think so.

The only real way to invalidate it is for the price to breakout above the white wedge the price is currently trending inside of. Other than that I think the picture tells the tales of highs & lows better than I can describe it.

 

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June 1 2016

 

LTC BTC

LTC/BTC

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Click Chart to Enlarge

LTC/BTC

The LTC/BTC ratio is recovering from a sharp sell off in much the same way as last time. The blue candle from yesterday is an unconfirmed reversal, and as you can see the price is above the daily cloud.

 

Since price is right up against resistance it is more safe to enter on a breakout above the trend and to add to the position if a higher low is confirmed after the breakout has a short term retrace.

 

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May 31 2016

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