Discretionary outlook based on charts
2:46 am. Bitcoin is still capped by its 50 daily moving average
Bitcoin is stuck in a bearish pattern of “lower highs and lower lows”. It was not able to break its $9000 “higher high” level.
Bitcoin is being continuously pushed down by its 50 daily moving average. If Bitcoin breaks above this resistance, it will probably retest its $10k resistance level.
2:41 am: Ethereum has broken out above its 50sma. Next resistance at $640.
Unlike Bitcoin, Ethereum has broken out above its 50 daily moving average. Its next resistance is at $640 (prior supports).
2:35 am: Bitcoin Cash has broken out above its 50sma. Next resistance at $1200 (100sma).
Unlike Bitcoin, Bitcoin Cash has broken out above its 50 daily moving average. Its next resistance is at $1200 (100 daily moving average).
2:24 am: Ripple has broken out above its 50sma. Next resistance at $1.1
Unlike Bitcoin, Ripple has broken out above its 50 daily moving average. Its next resistance is at $1.1 (prior support and resistances).
