Let's take a look at the charts for the day..
BITCOIN
Bitcoin finally broke out of the wedge which has been the bears first line of defence. I am still trading on the bull side but expect to see some profit taking and a retest of the breakout line. A failed retest by the bears would set up a nice looking long. There is a lot room to the upside.
ETHEREUM
This is longer term look at ETH/BTC. I have changed this chart up a bit since the last post as the price action developed. Looks like a big range with a bullish bias (meaning price entered the range in a bullish move). So the price rotating the upper side of the range is likely. Could be choppy or could be a fast move - who knows.
STEEM
Steem is starting to look really good after trading to the lower trend line as expected. The bulls will be putting in some support and the bears don't really want to be selling this low. So a couple of failures by the bears and Steem might find some buying!
LTC
LTC/BTC.. I am throwing up the Litecoin today as that move was nice if you caught it. The chart puts that move in perspective. Pretty crazy chart really - its early to settle on the exact trend lines though. So we can see price is now in a key area and the bulls probably going to take some profit. This thing could just charge higher but I am cautious and will wait for price to signal the next move.
That is all for today. Good trading..