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BTCUSD upside-down head ans shoulders I believe we are in the very interesting situation where bitcoin chart is creating upside down head and shoulders formation. I put links to my previous ideas so U can see how this kind of formation is affecting future price trend. What I found is that when upside down head and shoulders formation appears it most likely means that the current trend will follow. There is also very interesting formation on the weekly chart where body of candles are hold by 38.2% with quite nice morning star candlestick pattern.
Long
by Krystiannwk
2
Etereum classic aiming for 75 dollarsETC created almost perfect double bottom at the end of 2017. I marked strong support which hold pair below it till February 2018. This support/ressistance area has been breached recently by strong move and defended which moved pair towards north. This pair is on the market for some time and it is actually one of the blue chip coins in my opinion. I think 0.079 or more is quite possible in near foreseeable future. Pair is holding above 200 Ema on daily chart which is in general good news
Long
by Krystiannwk
EURAUD flag patternAfter bullish movement which last for 3 consistent days pair formed very harmonic flag pattern also we can see three white soldiers. There is one GAP grey thin line which represents GAP on daily chart. This chart is filled with variety of bullish patterns mid of January upside down head and shoulders pattern was formed on 4H. I set up TP at 1.600 which is based on the high of the flag. Risk/ratio is close to 2.7 If the pair will consolidate for some time I would expect that the 200 Ema will push pair higher. in the link there are upside down head and shoulders formations which when followed trend.
Long
by Krystiannwk
Bulls briefly reverse course but are scared back on course.The Bulls took a 1,000 dollar plummet suddenly last night...likely from multiple people profit taking after a prolonged run. RSI was oversold and it took and price tooka a quick dive but was eventually caught by the 200EMA(in blue) in fact the candle that touched it formed a dragonfly candle so it appears bulls must be afraid of dragonflys as it has scared the bulls the opposite way and back on course. The 4 hour RSI is back under oversold levels which is good because that, combined with the dragonfly reversal and subsequent green candles shows that the bull run is still very much on track for the original head and shoulders distance and possibly more (possibly even validating a larger head and shoulder neckline still )We are currently inside a new upward channel(tan lines) so it will be interesting to see if we find resistance at the top trendline of that channel...I think theres' a chance we could test the resistance of the green downward channel's top trendline directly above it as well, a channel we've been stuck inside all year. Only buy the dips...this dip was a good one to pick up on. make sure the dips aren't indicating that they are about to be over before you do as well.
BITFINEX:BTCUSDLong
by DrDovetail
AUDUSD I marked on the chart GAP from daily chart and I think it will play important role in next few days as a major support/resistance area. It seems like that the pair is back on up trend after yesterday's sharp movement. Risk ratio is set close to 3:1 and it is based on Fibonacci 50% to 150%. Green rectangle - this is very powerful formation with close to double bottom with great doji candle which is barely touching previous lows and shooting pair higher. As long as the pair is above GAP it is in my opinion good area to enter. See weekly chart for more detailed view
Long
by Krystiannwk
USDCHF some interesting price actionBlue stripes representing GAP on daily chart Green stripes are representing GAP on weekly chart Circle in the left upper corner we can see irregular H&S formation plus 200 ema rejection Another circle in the left upper corner is the place where pair has very hard time to go above weekly GAP and after rejection going south right now pair is trading in weekly GAP it formed H&S formation but to me it is not strong signal enough as it may go higher very quickly I'll wait patiently and see what will happen
by Krystiannwk
ETCBTC blue-chip crypto which has some good growth potentialI marked with blue arrows double bottom which was quite a significant level to enter the market. Around 30k there is strong support/ressistance area which is playing important role on the chat. This level was breached today and open possibility to go up to 50k in near future. Pair is finally trading above 200ema which is also suggesting bullish trend. I think that it is very possible for this pair to go up to 89 and beyond even close to 100k.
Long
by Krystiannwk
USDMXN I'm waiting for H&S formation50% marked on the chart is the retracement form the last 7 months downtrend started at the begging of the January last year. I see here incomplete head and shoulders pattern which may or may not appear in next couple of months. the top of the formation is in 50% area combined with psychological level which is 20. one arm is bounced from GAP combined with another 61.8% Fibonacci magic number Head shoulders formation is very reliable when it is suggesting that the trend will continue see link below. It is worth in my opinion to wait for this pattern to appear and when it will we can get very nice risk reward ratio for short position. I will update this idea
Short
by Krystiannwk
EURSEK short There is something interesting about this chart. GAP (green block) from Daily chart created quite nice support/ressistance area. I marked with two eclipses point where pair was rejected when in touch with this area. This price action is suggesting strong bear trend which should move pair towards south in the next month or more. I placed on the chart Fibonacci retracement and 61.8% stopped attempt to move north within the last month. Eursek created double top on the big chart and also magic number 10 was reached but not breached and after consolidation around this number we can clearly see strong rejection. It is wise to wait for the pair to go higher as it is trading on its support/ressistance and sell it when 200 Ema will stop Swedish corona value depreciation.
Short
by Krystiannwk
NZDUSD nice setupAfter price action from the last night I'm very positive that this pair will move south in for the next couple of weeks. I marked Head ans houlders formation on the chart plus double top which was accent with nice doji candles on daily chart. I marked GAP on the chart as well. All these signals combined toghether are creating very strong support/ressistance ares which should push pair close to 0.7000 value. I would consider closing position when pair will bounce from 200 ema.
Short
by Krystiannwk
ETHUSD price prediction posibilityAssuming the simmilar % ranges of the recent fall and assuming the price patterns will continue to perform as the did in the current descending price channel I dare to imagine the foredrawed price development in the future few days. I dont have to mention the recomendation of various traders that Eliiot´s 3rd (C) wave seems to be happening. Therefore am w8ting to accumulate around the 200 level. However i am concerned about the further development from the 200 level reversal.
COINBASE:ETHUSD
by Frantuvdedek
Stratis refused to go lower :) Update to update of another udate...in previous idea about Stratis I expected that in few days hammer appear on chart and will create double bottom. I didn't happen but we have interesting situation here anyways. There is hammer and it hanging on the GAP which is good and also wick touched perfectly less use but very important Fibonacci level 14.58 or something close to it. All this values are in relation to each other by dividing or multiple it by 0.618 or 1.618, check it for yourself. Idea about TP is the last highest high but I think It could go as high as possible. I would also expect some issues around double top area
SLong
by Krystiannwk
3