BTCUSD
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CRO/USD descending broadening wedge!I really enjoy looking for charts that most people might miss. The Crypto.com token chart currently doesn't have as much data as I would like to see in general, but it still has peaked my interest. Lets look at this chart from a TA/FA point of view, and remember my last call recently sky rocketed, can I do it again?
Firstly the EMAs will not be a sufficient indicator to look at because this chart is too new, though we do notice all other indicators looking interesting. The RSI is very low, definitely in an area I like to buy at (buy low sell high remember). The MACD is showing that selling pressure is subsiding and traders/investors are putting in buys. We also see that since the low of Sep 3rd this year we have been creating a descending broadening wedge which is generally a bullish pattern suggesting a reversal to the up side. I like this pattern because it's very mature (about 3 months long), in relation to the charts beginning.
From a fundamental point of view we know that crypto.com is going to use the CRO token to power it's new exchange coming out in the beginning of December this year. It will give traders a discount on trading and have trading pairs for the initial listed coins, which will give CRO a lot more utility than it's ever had. In the future CRO will also be used to purchase newly released projects that list their coins/tokens with Crypto.com. We have to take BTC into consideration though, if it crashes/ falls then we will more than likely see a better buying opportunity, but if it stays stable or goes up it will give CRO room to grow.
Just a chart to think about or keep in the back of your mind for the future. Also you can buy other projects tokens on this custodial exchange like Matic and Cardano which are very popular these days.
My first bullish target would be at the top of the wedge around .34-.35 and if it breaks out then my next target would be around .47. If we break down I'll have my stop loss under the wedge to cover me. If you want to use my referral to sign up for crypto.com it is h6xsf7vf8g, best wishes to all.
XBTUSD 15 minute Triangle pattern that could go big!!Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr)
if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line).
I'll be watching this closesly.
EASY MONEY XRP/BTCXRP/BTC is bullish. Going to test the .00004 area (previous resistance & support). Good area to have a tight stop loss and take some profit. If it breaks that then a test of .00005 is likely )previous resistance support). If that breaks then .0008 will probably be final resistance for maximum gains. Keep moving your stop losses, capitol preservation is key in a volatile market and make some money.
$TRX/BTC 1D: Close to the bottom? Justin Sun has some explaining to do...
Daily time frame, the orange line is resistance.
Potential bottoming out here shortly on TRX, I am watching the moving averages for a potential long entry but this chart does look like a bloodbath. If things start to turn around here a long entry under 200 would be ideal, with the first target of around 330. Not taking this position yet, mainly neutral here seeing how things play out in the lower part of this TRX chart.
Bitmex; XBTUSD LongIm still in the learning proces, but could you guys please tell me what you think of my analysis?
As you see on the chart
- Fibonacci levels
- Support and resistance levels/boxes
- Inverted head & shoulders
- Trend lines
Remember: This analysis is not financial advice, it is only for feedback on my chart.
STRATIS [STRAT/BTC] Analysis by Morpheus [1080%Profit!!]All information is provided in the chart. (Look Yellow-notes on chart to see description)
Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button!
Tips, notes & suggestions
When you place a trade, always remember to set a stop-loss.
Most important rule, is to be patient. Money come and go, you will always get another chance.
Never invest heavy in one trade, be sure to spread your bags on different trades.
We would appreciate if you would hit the like button to support us.
Feel free to comment share your idea or comment down below
Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
CARDANO [ADA/BTC] Analysis by MorpheusAll information is provided in the chart. (Point on Yellow-notes on chart to see description)
Our profile publishes analysis that focus carefully examined and identified cryptocurrencies that achieve high profits. We base everything on our own, developed scheme, the understanding of the market and its behavior. If that sounds like it could be helpful for you, please follow us and hit the like button!
Tips, notes & suggestions
When you place a trade, always remember to set a stop-loss.
Most important rule, is to be patient. Money come and go, you will always get another chance.
Never invest heavy in one trade, be sure to spread your bags on different trades.
We would appreciate if you would hit the like button to support us.
Feel free to comment share your idea or comment down below
Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
BTC.D Peaks and Alt SeasonLooks like ready to test Bitcoin Dominance level on September 2018.
Volume much more bigger than december 2017 which is very bullish looks..
although, a potential bearish divergence already sighted.
just hypothetical and fun thought, i just put a timeline with a same day from a peak of dominance day right before it's fall down compare with xrp and ethereum rise which indicate many alt rising in satoshi value/alt season..
BTC/DOMINANCE
XRP/BTC
ETH/BTC
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
BTCUSDHello bitcoiners it's been a rough year and these last few weeks have been especially bad. I'm surprised that btc fell from the 4000's to the 3000's. Now we are in this range of $3600-$4100. I think we should get a short term pop upward due to the rsi being at ridiculously low levels of 17.5. This a very very oversold sign. That's the good news. The bad news is that our $3000- $4000 support will not hold, the support is just not strong enough. As indicated by my two blue horizontal lines we will probably hit $2400 - $2700 in the near future. There is some strong support at that area. I don't buy the theory that the $3000 mark being is a real support that will last.
I'll keep you guys posted as I see things developing.
Please comment at the bottom i'll respond to whatever ideas you have.
Thanks!!
BTC $6,000 Officially Broken!Welcome, with this bitcoin update , as you all know bitcoin is flanking. But now the question is what will happen to bitcoin? And looking at history? Of course I have already indicated it, we were in a D-triangle and 70% of the time it breaks down to the trend of below. There was a lot of support around the $ 6,000 / $ 5,900 , but finally 70% of the time a D-triangle breaks to the side where the market is going and thus down. So, of course, this was not such a big surprise.
What does bitcoin do at present?
At the moment bitcoin is at $ 5,500, well all we have a restistence level at $ 5,550 that has to go through, which is currently being rejected. And that is still a problem, you would think well are there not enough buyers for bitcoin? Or do they want that bitcoin even lower? think of levels $ 4,900 / $ 4,800 . personally, I expect that we will look for that channel.
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BTCUSDUsually I don't keep re-examining a chart but here we have the 15K+ drop in volume I was talking about in my last chart. I drew a new support line at 5500. It's no where as strong as the previous 6150, which is now resistance.
So at this point we will probably bounce around our new reality range of 5500 - 6200. I think there will be one more drop I doubt the selling is done yet. It could be today or tomorrow. Again look at the 5500 range.
The problem I have is that support at 5500 is fairly weak and this forces me to think that 5000 is in the offing in the not so distant future. Five thousand is a going to crack some die hards. At that point there will be major selling.
Sorry for the doom and gloom...i'm just trying to keep it as real as I can.
BTC chartThis is why I don't share the optimism some BTC chartists.
1. Downward sloping curve since Dec 18 (11 months)
2. 4 failed breakouts
3. Support at around 6150
4. Decreasing volume for those same 11 months.
5. Failed to stay about 61.8 fib line
6. Broke through the triangle wedge but is only going sideways.
Just pretend for a minute that you didn't know what asset this chart represented. Would you buy it?
I wouldn't until it showed me
1. Break above and maintain above 6750
2. More confirmation break out above 200 MA 7066
3. Increased volume at least 15K candles not 5k candles that we have now
It's better to be honest with yourself than trying to see things through rose colored glasses.
Does BTC have potential to break upward, Of course!
However the charts don't show me this at this time.