Bitcoin going up again?There has been much happening on crypto world last few weeks and Bitcoin like almost all other altcoins have been in a downtrend but yesterday Bitcoin finally broke-trend top line and is still above it, it also looks like it has turned into a support line but nothing isn't sure yet. We still have to break 12 000$ dollars before we can say we are on uptrend again. If Bitcoin falls below 10 200$ we have next support at 9 400$ We have also some resistance on our way to 12 000$ which we need to beat.
Analyse
Potential Sell Zone For USD/CAD so based on usd/cad creating Higher highs & higher lows coming near my daily trend line I see it testing the trend line in the 1.26770 price zone. if it does test the trend line I see it breaking the buyers market structure creating lower lows and lower highs gaining downward momentum to the 1.25550 price zone. once it is in the 1.25550 price zone we will see what price will continue to do if we hold for a longer sell or take profit looking for a new setup. if any feedback or questions feel free to go for it.
Bitcoin correction is not doneWe are looking 4 hour chart. If you take look in short-term it might look the correction is done but when you take a look to the long-term charts you can see we are bottom in the long-term descending channel which means that on a short-term we are likely going to experience pull back somewhere between 11 000$ or 12 000$
Down-tredn will now slow for a while because we can't go below 30 in RSI on the daily chart. 200 SMA is also likely going to make resistance zone to Bitcoin.
I will post some short-term analyses below.
I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice.
Comments and feedback are greatly appreciated, I will read and answer every comment because they are important to me :)
Stellar should reach 0.7$ soonNew week new TAs... well almost a new week :). However, we are looking 1hour chart.
First, our target is 0.77$ on our way there we will face resistance in few spots. The first one is at 0.64 where we are at the moment, we need to break this if we will see more gains, the next one is at 0.71$ but if we can pass it we don't have resistance on our way from 0.71$ to 0.77$ At 0.77 we have also another resistance level which we need to break on our way to T2 which is at 0.98$ which is also almost all-time high. T3 is at 1.187$ but I am not saying we are going to reach it (soon).
On a short-term, we should look if we can break 0.66 or if we fall below 0.56$ might mean that surging is slowing or we are going to experience a bigger dip which might also be a good buying opportunity if we don't fall below 0.43$
I hope you like this and before you do anything I want to say I am not a professional trader, I might be wrong and this isn't financial advice.
However, if you still use these technical analyses for trading I recommend using stop loss.
Comments and feedback are greatly appreciated, I will read and answer every comment because they are important for me :)
Better to invest in XRP than BitcoinBetter to invest in XRP than Bitcoin , one of the
STAR of the 2018 will be Ripple.
If we sad that it will go at 7 USD in February,hey would laugh you out for this saying,. for those that do not take risk watch and see for those that want to make the profit on ripple just jump with us .
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It's a bullish and bearsh up and down to the final destination 7.32 USD
but if you want to keep on holding it it's all so okey.
first support 1.77 stoplost at 1.30
second support 3 USD stop lost at 2.45
Third supoort 4.17 stop lost at 3.30 final detination 7.32
TRX/BTC What Is Actually Going On With Tron? The Decision Point.Hey Everyone!
I am Back with a analysis on Tron.
You are definitely not the only who is sad by looking at descdending Tron graph.
So I told myself, I will do an Analysis on what is actually going on, I hopefully made it simple so anyone can understand it, learn something and find a good position!
I am a Fan of Tron, I am definitely holding. It had huge breakout, but the sell wall was the same as breakout.. What does that mean?
Looks like everyone has taken their profits or as lot of people says Whales.
People/Companies with big Wealth manipulating the Market.
Back in the Chart.
We can see a huge Falling Wedge that has formed.
"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns."
95% Retracement just shows the Market manipulation.. This is not really seen..
Although Tron has huge Volume, It havent still broke out.
So we Have 3 ways, 3 posibilities, 3 scenarios.
Green.
First of all the Positive one, I am bullish on this one. Classic ABCDE Breakout, approx. 240%.
Cyan.
The Boring One. It will just bounce from its support and form a channel. Can fall under support or break the channel resistance, but it will take some time.
Red.
The Nigtmare. Bad Volume. Big sell walls. Panic. We are Under the first support line. From there it will fall to second one, and stay in that channel for some time.. Could go down, Could go lower..
What more to say? Good Luck With Your Trading. Hope my analysis helped you a bit with your decision with Tron consider leaving a Thumbs up I really Aprreciate it :).
If you have any questions feel free to comment bellow!
Thanks!
BitCoin UP or DOWN?We should expect next strong move but it is very hard to say DUMP or PUMP. Watch my technical analyse according to price-action. Creating triangle means time to explode. Watch the trend line, especially reaction. It is better to be into TETH or high risky margin speculation after breaking trend line.
This is it - strong resistance at $5700 - don't run off cliffs1. Since we all had the same idea (free money), BTC will sell off and go back to the 50 MA
2. Next stop is the last resistance, place your first limit orders there
3. It will not go down - until it does and meet the 50 MA
4. Don't forget the black swan, it can even go down to the 100 MA!
Think about it, Bitcoin Gold will sell for i.e. 10/1 BTC. What will you do? Sell for real BTC? Of course! And what's next, sell the "free" BTC for real FIAT? Of couse, especially at a ATH!
Humans are lemmings, don't be a Lemming, don't run off cliffs, protect your goods!!