I've Set a Buy For Verge XVG at $0.0486I have discussed Verge previously in my postings. I believe it's a great project with a very active and enthusiastic community. It has also made a very large deal for Verge to used as an online payment systems for MindGeek and it's group of companies. Verge was selected over Bitcoin, Ether, and Dash as well as other coins for two reasons. Verge is extremely fast to confirm transactions, on the order of a few seconds, and it's extremely private including the use of TOR to mask it's traffic.
MindGeek is the largest purveyor of Porn on the internet, it has a massive presence and business. This is a big deal! I'm not endorsing their Porn business, but it's a good investment in the payment system in the same way investing in Visa and Mastercard would be if you could get such a favorable opportunity.
I have placed an order to buy Verge at $0.0486 which I believe is a great target price based on the chart history. However buying Verge anywhere in this price range is a good move. I already hold Verge in my core portfolio which I bought at much lower prices than $0.0486 some time ago.
See my previous charts for deeper explanation of the chart and Verge's prospects as a coin.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
Bitcon
BITCOIN Ready For TAKE OFF - But How Low Will We Go Before???Dear Friends :)
So most people are starting to become bearish now - I'm not though! O.k, short term we will probably go a bit down - but we will soon go into a new steep uptrend and go into a BULL MARKET - I showed you that in my comparison chart between B'T'C and S.P.Y. (S&P 500) 2 days ago, which has been pretty accurate. It really seems like we are following S.P.Y. with delay.
It is very hard to determine how low we will go before we will have the conclusive reversal. Many people says 7,200 USD, which is not unlikely at all. But I think we will be surprised.
Let's take a look at the 4h BTCUSD chart. As you can see, we have 1-5 Elliott Waves up (with truncated waves due to 10,000 USD-resistance) and now have a combination ABC-corrective pattern (which we also can label WXY).
I will here give you a big overview.
HOW LOW WILL WE GO?
Red And Grey Zones: Let me start to say, why I think it's unlikely we will go below 6,900 USD. S.P.Y is my main reason - it tells us, if we apply those price movements to BTC, that we won't go as low. Also strong support levels before.
Orange Zone: Around 6,9k to 7,6k is definitely likely. The big bear flag could take us down in this area, we have super strong support around 7,2-7k USD, where we have the up trend line and also 78,6 % retrace.
Green Zone: +7,700 USD where we have 61,8 retrace. Minor waves matches this area pretty good. On top of that there could also be some strategic reasons for whales to pump it around 7,7k-7,8k IF a lot of people start to entering short positions.
I promise to keep you updated!
D4 <3
And as always. Please give me a LIKE if you appreciate my work. Thanks in advance :)
BTCUSD - descending highs from FIBO 718Hello again !
Everything I noticed is drawed in this idea, at 4 hour timeframe.
In practice, as BTC -3.79% -4.20% broke above FIBO 718 by 18th January, also started decrease value & failed 5 times, at all highs during way.
So at this point, I can extend line and create a blue descending triangle , that I could tracking and follow.
I want to see, If Bitcoin -3.79% -4.20% will realy follow this slow downtrend, or is capable to jump from green EMA 1200 acting as an important support, higher to pierce triangle at the top.
I personally guess, it will continue below, or do another lower highs above EMA 1200 - of course, again lower.
MACD apperas for downtrend too.
I would make a longer-term investments. So this chart is dedicated to long-term holders , aiming to buy bottoms.
As ussualy, ALTCONS will in major follow leader = Bitcoin -3.79% -4.20% .
Easy-said, BTC falling in longer timeframe with smaller bull-runs & we need to get above FIBO 618 to confirm BTC dominance.
In longer perspective, I am very bull for CRYPTO projects.
That´s all by me.
Please, do not trade by my ideas and make your own decisions.
If you agree with my chart, leave a like.
Sincerly,
Mario Emvo.
*This is not a financial advice.
*Only for educational pursposes.
Bitcoin in a Wedgie, Altcoins could BoomSummary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions.
Trading on margin is a fools game in this market it's screaming short squeeze.
We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of the wedge for the 3rd time at March 30th and that should have been a buy.
However I did not buy, since the volume was not supportive of a buy in my opinion. I am also considering Bitcoin to be in a short to mid term bear market with a long term bull market still in place. If you take a look at the ellipse on my chart it highlights what I consider to be a very dangerous area. A cross of the price at the intersection of the line labeled previous downtrend support, the bottom of the descending wedge, and the descending red dotted line of the long term decent would be very bad. If the price were to cross the 4560 area in any case it would be likely that prices could decent to the 3627 quickly and then lower.
The RSI wants to go up as well as the MACD. Watch for a breakout over the upper yellow line of the descending wedge. That will be a sign to go on alert for a possible trade. If we should get a breakout above the 7250 range, then the current downtrend should be over and a new trade can be opened. If a trade opens then be watchful of the 60 Period EMA in Red above which is currently around 7557 for strong resistance and a possible pullback. A close above the EMA would be very postitive.
When the market breaks to the upside on Bitcoin, I will also add to my alts, top of my list currently are Verge XVG, Lumens XLM, OmiseGo OMG, Dash, Waves, and Golem. All of these are solid projects with good teams and have the ability to quickly rebound by 300% to 500% in price.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac `
15 Minute Bear Flag for Bitcoin Looking at the 15 minute Coinbase chart there appears to be a bear flag forming. If this breaks as expected the near term target would be approximately 7,640
Of course if the bots do some more of their craziness all bets are off. I am currently in cash after making a small long trade off 7,750 and getting stopped out at 7,890 on the way back down. I'm in the "wait and see" mode at the moment.
Bitcoin | BTC crash down Triangle Pattern in chart 4hBTC crash down Triangle Pattern in Short -term
Down trend in coming
We can three zone support
(1) 7400
(2) 6800
(3) 6400
After BTC hit zone support it can sideway very strong
Buy order near zone (2) (3)
Good time buy BTC with price cheap in the year
BTC soon to the neckline Inverse H&S (bullish)Dear friends,
After a long fight between bulls and bears at $11100 we can see that the bulls are winning. We didn't target yet the neckline of the Inverse Head & Shoulder and of course curious of what will happen but I'm positively bullish. Let's target first of all $11780 and our second target 12200$.
Don't hesitate to follow me and click the like button ;-)
Good luck my friends ;-)
BTC/USD Eyeing The $12000 Strong Confluence Resistance Feb 19 Bitcoin retraced somewhat yesterday on bearish divergence and
today it pierced below the daily pivot point at 10600 but is now
back up above again with a close. It didn't reach the Kijun sen at
10325 or the channel floor for a test. Also the new Weekly pivot
point sits at 9925 just below the channel, today aligned with the
daily S1. This level would normally have a pull on price but since
we also have the important and untraded Monthly pp within reach
the latter seems to have the strongest pull right now.
Bulls would like to see price close above the daily R1 at 11100 which would
likely propel price to the 12000 level were we have the strong confluence
resistance (upper large channel/Monthly pp/Weekly R1/ S/R level and
the daily Kumo Cloud) Chances are that price will bounce lower from the
12000 level at a first hit and it could result in the first larger correction
since the 6000 bottom, normally to the 61,8 fib or if softer the 78,6 fib
of the whole upswing.
Overall, price is correcting slightly around 11000 but there still seems to
be many buyers stepping in on any minor drop. The bearish divergence
could still affect price and we could see further correction below 10250 which
would expose the Weekly pp. It is unlikely to see price drop below the
important 9500 S/R level before hitting 12000. A first sign of weakness
will be the breaching of the minor channel drawn on the chart.
BTC/USD - 9K Bitcoin - Get Low Get Low!In this video, I highlight what I'm currently seeing in my 4HR charts and the setup I've been watching that's currently playing out.
You can see we had a break of a inside uptrend line, which is part of a triangle pattern that played out today. As of right now, we are trending down to target one, which I think will be hit and aligns with a low back on Jan 17th.
While I do think target 2 is a possibility, it will be difficult to get there as we will need to see a break of the larger up trend line and a break of a weekly .786 fib zone.
Physiologically, I think most who are in the cryptospace see BTC at anything under 9k as a fire and blue light special sale all in one, so as we get lower the buying pressure will likely increase in my opinion. So while target 2 is/should be in play i see it as a hard one to get.
I really hope you enjoyed the video... like, share, and comment. I would greatly appreciate it.
TRON Elliot Wave FUTURETron is very much in an elliot wave... AND ITS BIG. Looking forward at it's current tredectory this is how big and over hyped TRON could grow on an Elliot wave. Will time and reason resist this inflated number? I personally think so, as function and form are always a couple. To grow without ability to function always denotes back down to BTC... the mother tree
BTCUSD is gearing for at least 15% to 20% pullbackWe have an overshoot at the top. Too far too fast so I believe BTC will pull back 15-20% from these highs. It may or may not go higher from there depending on whats happening in the crypto space. There is a lot of headline risk lingering regarding fraud that most people are ignoring. (i.e. Tether) The crypto market has to flush out bad cryptos before BTC can real soar. If you agree or disagree hit the follow button and lets figure it out together.