Crypto Market Update 1/10/19
Disclaimer
This content is made for educational, informational and motivational purposes. You should always do your own due diligence and most important of all think for yourself! If my posts help please give me a like, re-share or follow. All the best and good luck!
In this post I will cover BTC | ETH | LTC | XRP
To start this off I will be talking about bitcoin.
Bitcoin has been going up on declining volume late Dec to early Jan, and now increased to the down side.
The Sqz momentum indicator just turned red, anticipating more downside.
A Bearish Cross Over on the daily is coming.
BTC Longs are exiting (Fig Below)
BTC Shorts are coming in (Fig Below)
Next on the list is Ethereum
ETH SQZ indicator continues in heavy green, it has not reached red yet. Downside Continues.
ETH has also been going up on declining volume foreshadowing this decline, the MACD has a bearish crossover signal.
ETH Longs are slowly exiting. (Fig Below)
ETH There is an increased amount of shorts. (Fig Below)
Next on the list is LiteCoin
LTC has broken the bottom support line in the tren. The SQZ indicator continues to bleed Heavy Green. Just like BTC and ETH, LTC rose on declining volume once again foreshadowing this decline. The MACD is about to turn bearish.
LTC Shorts Were the first to start shorting out of all of these coins. Very high short presence (Fig Below)
LTC Longs are exiting (Fig Below)
The final coin I would like to talk about is Ripple
The XRP sqz indicator is already heavy red. Sell volume has spiked. Waiting for confirmation to the downside.
XRP Shorts look primed to pounce. Red SQZ soon to turn green. Good for the shorts. (Fig Below)
XRP The longs look like the got caught off guard and are attempting to exit quickly. (Fig Below)
Thank you for taking to the time read this weeks Crypto Market Update. Your feedback is always welcome!