$BTC Short term top or Flat top breakout?Tight here and either a breakout or a short term correction in place deciding on where the candle closes.
ALT
$BURST / $BTC Bottoming ALT. Just had a bottoming breakout with a potential higher low. Looking for momentum.
$FLDC ALT. Looking for a breakout above the upper TL on the bottoming pattern on possible higher low.
MONACO - OVERBOUGHT RSI, FIBONACCI LEVELS.Monaco has recently shot up in price and is now is the overbought section of the RSI which could indicate that the market is expecting a reversal in price. We have set some nice support and resistance lines that both correlate with the Fibonacci levels, for instance, the primary support (1st) fits tightly in range with the 50% levels on the Fibonacci, you should expect a short-term decrease in price back to these levels were the prices are most likely to consolidate before another trend upwards.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
ADX - RISING WEDGE PATTERN / DECREASE AHEAD?!ADX has recently seen an increase along with all of the altcoins, the price has now formed a rising wedge pattern which is indicated an upcoming bearish trend, we can expect this currency to correct to the secondary support line is the wedge is broken downwards, it would then be a good time to accumulate theirs.
MACD confirms a bearish trend.
RSI has a lot of space for downwards movement.
Orange - Resistance.
Pink - Support.
STR/XLM Bullish Moving Average Cross It appears that XLMBTC (STR, Stellar Lumens) is about to make a bullish moving average cross on the 4hr. This is a good set up for a long term trade LONG. Stellar has a great project with a lot of support in the crypto community so it is likely that unlike the other alt coins that bleed when BTC is megabull (as it is right now..) STR/XLM may still rally
Entry: 480-500
TP1: 550
TP2: 600
Target: 700
Stop Loss: 440 (for the less risk averse, 400)
Happy Trading
EOS - Support & Resistance / MACD.EOS seems to look quite bullish accordingly to the graph, we have recently seen this coin have a large run up over the recent month where the coin is now consolidating. You should follow the support and resistance lines on the graph to make the most accurate trading decision, if we fall below the supply line (support) it is likely that that trend will continue, conversely if we break through the resistance prices will shoot even higher.
The MACD lines look to be crossing soon, keep an eye out for this as it counts as a key indicator of an upcoming increase.
Orange - Resistance.
Purple - Support.
Trade the lines accordingly.
ETHEREUM - Cup & Handle Formation. Ethereum awaiting to break through the handle's support or resistance, keep an eye out and set your stop-losses accordingly. I have my bets on a long position.
Cup & Handle Formation - The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a stock chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\". The cup and handle is a bullish continuation pattern. It is marked by a consolidation, followed by a breakout.
Good Luck!!
VERGE - BULLISH INDICATION + ASCENDING TRIANGLE, Watch out. Verge looking Bullish, it is a good idea to accumulate this currency when it touches its support line, a -7% stop loss can be placed to prevent losing extra money in case this happens. However, the market is looking strong as the price seems to be consolidating and it currency price from the recent increase.
BTCUSD. Short and simple: Fork coming. Going Long.Alts are gone, and SegWit2X is coming on ~Nov18. approx.
Many are playing short on BTC looking for a retracement - I dont see it, at least for a week swing.
Dumped my alts, and now into BTC. I'll be selling before the fork. Looking for cheap alts, with extra buying power.
Anyone else feel the same? Let me know.
History repeats NEONeo looks like it bottomed out. In the past it did really similar moves before moon.
VERTCOIN - Unsustainable growth?Recently we have seen parabolic growth in Vertcoins value, there has been no very relevant news that could have influenced this increase, however, they recently announced their currency will be available on the 'Ledger Nano S' wallet. Beside the fundamental standpoint when we take into account the technical view we can see that VTCBTC is following a previous pattern. I understand that you should not use past events to predict the future in trading but it should be taken into account and looked at carefully.
Vertcoin is looking to recover back to the support line where you should look to accumulate unless it continues to drop you can re-think your position at a lower price, this is fairly unlikely and the growth should continue towards the resistance once the support has been hit.
Orange Line - Resistance levels.
Purple Line - Support levels.
As always, trade accordingly. Good luck!
ETHEREUM - Inverted Head & Shoulders + Support and Resistance. Despite Bitcoin's recent upsurge in price, altcoins and Ethereum seem to be staying relatively stable and unaffected by the BTC's rise. From what I have been able to indicate Ethereum is still bullish, forming an inverted Head & Shoulders pattern if we can break this resistance we could be heading towards the $340 - $350 mark. However, there is still room for a slight pullback to the support level before a run-up may occur, if Bitcoin loses some value we could see Ether's price reacting positively as people tend to diversify their money into other cryptocurrency's to prevent losing money from a sell-off.
Orange Line - Resistance levels.
Purple Line - Support levels.
As always, trade accordingly.
BITCOIN - Short term loss projection. Bitcoin is following a similar trend to what has happened in the past, unfortunately, we can not use that to predict the future value, however, it should be noticed and taken into account. From what I am noticing a short-term sell-off could occur to send bitcoin around the low level $5,000 price, where you should be accumulating.
As for the good news, it is rumored that Amazon may be implementing Bitcoin into their services, if this was to happen the price would absolutely skyrocket, there has been no official announcement but keep it in mind. The only problem I have noticed with this is that the Bitcoin transaction fees may be too high to purchase cheap or regular items from the website.
Resistance Lines - Orange.
Support Lines - Purple.
Basic Attention Token - Are we bottoming out?We seem to have hit a floor for BAT, unless the currency continues to drop below the support line. It has recently seen a large sell-off due to Bitcoin's parabolic movement, however, I suspect money will flood back into alt-currencies once Bitcoin has finished hard-forking.
Orange - Resistance.
Purple - Support.
Trade the lines accordingly.
OmiseGo - Curve trading. This looks pretty crazy, OmiseGo has been awaiting a breakout for a while now, we may see a short-term decrease once again (Due to Bitcoin), however, once money comes back into the alt-coin market we should see a rally upwards.
Trade the lines accordingly.
The sad case of Stratis.Stratis has recently been taking a beating from the market, with no relevant news to boost its price the currency has run itself into a sell-off. I do expect there to be an uptrend on this currency, however, I see this as a very long-term opportunity.
RIPPLE - Awaiting a breakout?Nice look on Ripple's graph, we could see a drop to the support where it will either reverse to the resistance or continue a drop. Trade the lines accordingly.
Orange - Resistance.
Purple - Support.
LITECOIN - Time to break resistance.Litecoin is looking strong, we have a resistance level coming up if breaks the horizontal green lines indicate potential targets.
Orange - Resistance.
Purple - Support.
STEEM Major resistance.Nice support on Steem, we recently had a large increase which will correct if we go below the support line. We need to break the first resistance in order to continue the upsurge to the second one.
IOTA MAY SURGEIOTA is looking fantastic, support and resistance is perfect. It might be a good idea to set buy orders at the support, be careful it does not break, however, this is probably unlikely.
IOTA - MAY BREAK RESISTANCE!! beautiful curve support.Watch out for IOTA, we have a strong curved support which may help it break the next resistance.
Orange - Resistance.
Purple - Support.
OMISEGO - A quick 20%?Set some buy orders to in case the resistance breaks, we may see a slight decrease right down to the support before we push through. Target, 20%+.
