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Analysis - DGB/BTCHello! Let's talk about Digibyte. In fact, this old altcoin is still alive. It is very interesting indeed. It looks more confident than most similar coins although it correlates with the market. The main growth driver has been Bitcoin halving in the past six months. DGB main mining is getting on the same algorithm as BTC, this is SHA256. And since after the halving, the miners' income has decreased significantly, this algorithm's alternative coins' demand to appear on the market. The DGB profitability is on average 10-15% higher than on BTC during the last half of the year. Everything looks pretty good on the chart, fixing above the 250 level is a good sign. There is a high probability that the main next target will be the level around 370 sat. But on the way to this goal there is also only the past resistance of 320 sat, the optionof retesting the support at 250 sat from top to bottom is not excluded.
by I.T.Analytics
3
Market overview: BTC / ETH / XRP / NEOHello! If you like this analysis, please make sure to like the post! Let's take a look at the longer timeframes. Looks promising, doesn't it? Let's consider each pair's main growth opportunities using simple horizontal levels, we’ve discussed it yesterday by the way . - BTC It is a very good sign, we are seeing a consolidation above the level of 10700. Previously, bitcoin did not manage to close higher for almost three years. A 100% bullish trend will be confirmed after a firm consolidation above 12,000 at 1W. 📌The first goal is $14,000. - XRP Even XRP has received the coveted buy signal the consolidation above 28 cents on the monthly TF will be uptrend continuation confirmation 📌The first goal is about 48 cents. - ETH Ether has faced serious resistance around $450 level, it was from where the most difficult part of the correction after the rally in 2017 began. It is necessary to consolidate above 450 level for the movement to continue. 📌First goal is $600 - NEO NEO looks very interesting. There is a breakthrough of strong resistance around $20 level, the overall picture is similar to ETH a month earlier. 📌 First goal is $30
BITSTAMP:BTCUSD
by I.T.Analytics
1
📖 How to trade horizontal levelsHello! If you like this analysis, please make sure to like the post! Today we are going to focus on horizontal levels (HL). ➖HLs and other instruments are based on MA, they are used only for determining support and resistance levelling. They are plotted depending on where the price movement stopped, where the price made its important high/low/close. Higher timeframes are used to find horizontal levels and lower timeframes are used for more accurate measurements. Monitoring the weekly level of graphs throughout a working out day, 3D or 4H is called “synchronization”. 🧐You should determine the horizontal level using at least two points, since the consistency and reaction of the price should be checked. You should note that the usual “the more price rebounds from the level, the stronger it is” rule is not working in this case. Actually it works in the opposite way, as the number of attempts increases the higher the probability of breaking the level. 💡 For example, now it is very important for bitcoin to have a level of $10,000, which was formed in May 2018. It held the price several times throughout several months, but in the end it was broken upwards. Now it is the most powerful psychological support for most of the traders. ❗️ There is another advantage of horizontal levels — the longer the level holds the price, after breaking it, it will work in the opposite direction either as support or resistance. 👉HLs are important psychological markers to which price is returning to for testing. While reaching the level, the price movement may slow down, as many traders are fixing their positions close to it. 👉In general, there are a few HL trading strategies. You should always remember that a strong tool such as TA is just a guideline. You have to see the correct price reaction, and simply buying or selling depending on the level without any confirmations — is just a lottery. 📌By saying the correct reaction, we mean that there is a trade above or below the level, as well as strong candlestick patterns. By the way, a combination of HL and trend. Lines can form patterns, like triangles...
COINBASE:BTCUSDEducation
by I.T.Analytics
5
Thoughts about SXP/USD and other altsTake your money back and leave the shitcoin market if you haven't done it already. Look at the Swipe, a poor situation, the same will happen for the rest of the hype altcoins this year. As we said earlier, the altseason is over. Swipe is now heading towards its starting point, around 80 cents. There is a possibility of a technical rebound from current prices, but you shouldn't take it seriously. By the way, the ATS strategy took its profit without any doubts.
by I.T.Analytics
8
SHORT LINK and ATS efficiency report since July Hello! This Summer Link has shown the best dynamics ever. ATS's strategy has also shown perfect outcomes since the very beginning of July, giving correct indication of the trend changes. ATS has performed 175% in 6 trades Link has become more expensive by 146% It is better to trade correctly instead buy and hold. The link is currently still moving in the downtrend channel. We think there will be good selling opportunities soon, chances are high that the first level of support will be tested. Script settings for 4H timeframe: · Signal calculation type - "ohlc4" - Signals filter - "Enabled"
Short
by I.T.Analytics
1
📖 How to trade MA?Hello! MA — moving average. 📌 This indicator shows the price average value over a certain period and gives the trend direction. 🔷 For global analysis and understanding the price movement direction we have to use short, medium and long MAs mainly on long time frames. 🔷 MAs may act as an additional support and resistance level. It is worth trading taking into account MAs in the confident reversal patterns presence only, using MAs as an additional strong indicator, but not relying on it only! 🔷 Another important tool is the crosses formed by moving averages. We're talking about the golden cross and the death cross. This is an extremely strong pattern respected in classical markets, but cryptocurrency market traders rarely take it into account at all. 90% probability the cross provokes a strong subsequent trend and dynamic price movement. ⚠️ Important! The cross should closely interact with the price (be next to), but not much higher or lower on the chart! Otherwise, it may not even be considered. Examine the older time frames (from the day). Short crosses also work In the cryptocurrency trading, unlike the classics trading, for example 7MA / 30MA or 30MA / 50MA. ❗️ Remember that MA is an additional strategy factor in favour of one or another decision made. Do not trade relying on MAs only!
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by I.T.Analytics
11