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Bitfinex

Time to buy LTC, with a reasonable stop lossLooking at the monthly graph (Bitfinex prices), LTC seems having reached a bottom of 36.1 USD at the end of the previous month, with RSI and MACD indicators starting inverting their trend. Although the month just started, as a mid-long term investment I consider this a good moment to enter, or start accumulating LTC, with a stop loss currently set at the minimum of this month, 38.96. Although that stop now means a 13% loss, the possibility that a big long-term rebound reaches the area 127-146, top of the last year, could bring a profit of up to 224% (!). Let's see...
BITFINEX:LTCUSDLong
by ale206
Bitcoin Challenges EMA50, Aims At $9428 or MA200, Possible?Bitcoin (BTCUSD) is now challenging EMA50, a very strong resistance level and useful indicator on the daily timeframe. In one of my recent articles, I showed and explained how prices tend to gravitate towards MA200 regardless of where this indicator is going. We have long-term signals pointing to a relief rally/bounce in prices for Bitcoin as well as other bullish signals, you can see it here: Note: Daily candle closure today needs to happen above $7526 (EMA50) for this signal to be confirmed. If prices move and close below this level the above signals become invalid. Now that we have these signals in place, we can also see how MA200 is starting to curve down while BTCUSD is moving up; they are about to converge. MA200 is sitting at $9248 and can potentially be hit as one of our targets. The RSI is strong above 50 (sitting at 56.6) as well as the STOCH. This one is looking really good and allows for so much more growth. The MACD is also looking good and trending in favor of the bulls. All that is needed here is one more push and good volume to support this move that is on the making... One thing is for sure, the bullish engulfing pattern we saw in early January is now producing results. We are seeing prices moving higher... Let's hope Bitcoin continues growing for all of us. Namaste.
BITFINEX:BTCUSDLong
by AlanSantana
28
Litecoin Crypto Trade Signal @alanmasters [LTCBTC](91-149%)Litecoin is getting ready to make a move. We have a strong bullish divergence with the MACD and a current break of EMA10. Please remember that there are always risks involved. Some we win, others we don't. We prepare for all scenarios regardless if the chart looks great. We are grateful when we win. When we lose we learn from our mistakes. Below you can find my full Litecoin trade. ----- Trade: Litecoin | LTCBTC BUY: 0.005500 - 0.005700 TARGET: 1) 0.006250 2) 0.006720 3) 0.007050 4) 0.007500 5) 0.008300 6) 0.008750 7) 0.009550 8) 0.010800 PROFITS POTENTIAL: 91% (Current price 0.005660) STOP: Close weekly below 0.005800. ----- Thanks a lot for reading. Remember to hit LIKE to show your support. This is not financial advice. Namaste.
Long
by AlanSantana
Bitcoin Dominance (UPDATE)Bitcoin's dominance continues to climb within the large rising wedge formation that began back at the start of 2018. As we can see, there is a strong overall trend between rising dominance and falling crypto prices. In the coming weeks, dominance will have to make a choice: 1) climb higher or 2) breakdown the trend. IF the trend breaks we'll likely see a resurgence in altcoin prices, and some kind of resumption of a bullish trend in crypto. However, the odds are that we will see the dominance go higher, which could take altcoins to new lows and drag bitcoin down with them as capital flight resumes in the sector. Overall, for 2020 I expect dominance to push 90% before tapering off as we move into 2021. This is consistent with one of my bitcoin models that shows the end of the crypto bear market around the beginning of 2021. PS. If you found this idea useful/interesting be sure to follow me on my Twitter account where I post more frequently. The link can be found on my TradingView profile or @ErikFertsman.
CRYPTOCAP:BTC.DLong
by Trader6127
4
We've Seen This Pattern Before! Bitcoin Can Hit $9,000+ NextWe've seen this pattern before... Bitcoin had a strong drop after EMA50 had a bearish cross with EMA300, then the BTCUSD chart produced the "3 Heads Pattern" which can lead to a very strong increase in prices... Let's take a closer look. On the left side of the chart, we can see the sequence completed. To our right, only the final jump chasing MA200 is left. When we saw this pattern back in June/July 2018, Bitcoin prices went from a low of $5755 to a high of $8506, a 48% jump. Right now the low was set at $6477 and if the same sequence is completed as it happened before, Bitcoin can easily move to $8,800 or all the way to $9,284... What's your take? Do you believe this is what will happen next? Share your thoughts and charts with us in the comments section below. Thanks a lot for reading. Happy 2020. :) Namaste.
BITFINEX:BTCUSD
by AlanSantana
21
Bitcoin Breaks Another Barrier (Signals) | $7700 - $7990 Next!Bitcoin (BTCUSD) is slowly conquering multiple resistance levels at once... Let's take a look at those: 2020 Started with a Bang! for Bitcoin after a low was set at $6853, followed by MA200 (black line) conquered and prices moving up all the way to $7402... The growth stopped there (light blue square) which is where EMA200 (brown line) is sitting. After a short period of consolidation Bitcoin continued to move up and managed to close above EMA200, now also breaking the black trendline as well as the $7420 level. All these are important resistance levels. These are early... The last 4H candle is active and this signal is only confirmed after the candle closes. If prices for Bitcoin (BTCUSD) remain above $7420, we can expect some additional growth. I will share another update on the daily timeframe tomorrow for a longer-term view... Let me know in the comments section below if you prefer hourly (1H), 4H, daily (D), weekly (W), or monthly (M) for additional analysis. Thanks a lot for your continued support. Remember to hit LIKE! Namaste.
BITSTAMP:BTCUSD
by AlanSantana
27
Bitcoin's First 2020 Very Strong Signal, Bullish Engulfing (Q1$)The Bitcoin Bulls are now taking the lead... A very nasty drop yesterday, today turns into a fake breakdown that can lead to a very strong bullish signal called "Bullish Engulfing, this signal is confirmed after the daily candle closes above $7175. Here is the daily chart for Bitcoin with the signal highlighted: We also have a bullish flag and EMA10 being challenged. This action looks really good and can signal that the bulls will take the lead, but, just as a nasty drop turned into a bullish signal, this candlestick can change by the end of the day. If prices for BTCUSD close above EMA10, we will hit $7400-$7500 easily, followed by $7970. But if instead BTCUSD closes below $7175, prices can continue to range within the flag (black trendlines). My view Fake breakouts and breakdowns are more common with low liquidity (low trading volume), our view for Bitcoin after the 18-Dec. move is up. We are likely to see Bitcoin move higher. Where do you think Bitcoin is headed in Q1 2020? Share your thoughts and charts with us in the comments section below. Thanks a lot for reading. This is Alan Masters. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
25
Reverse H&S Bitcoin strike Back! BULL DRAGON SCENARIO!Hello Dragons Happy new year! from my Last TA the Green Scenario is playing out. but its playing a little different.. due to premature dump, we jump back to 7200 region becuase of a possible Reverse H&S and a Tripple bottom pattern. in the past Tripple bottom confirms Trend Reversal and also tripple bottom may look like a Reverse Head and Shoulder. Lets see how the Bitcoin Bulls play the market. we will target around 8k region if we continue having a big volume. dont forget to use a Trading Risk Strategy before you excecute your plans.
BITSTAMP:BTCUSDLong
by Bulldragon
Moeda Loyalty Points Signals A 777%+ Move, How?I am looking at the Moeda Loyalty Points chart, MDABTC, and I can see that EMA50 has been conquered, while EMA100 is being challenged... Looking at past action, back in Jun. 2018, we saw MDABTC rejected by EMA100 when it was trying to move up. Then it managed to break it and reach EMA200 only to be rejected again. Once EMA200 was conquered, a very strong bullish wave followed that produced over 600% of growth. Now we are having a similar pattern. We can see EMA100 rejecting the growth multiple times. After EMA100 was conquered we can see the EMA200 rejection and we reach present time... Now MDABTC is challenging EMA100, EMA200 is surely to follow at 0.000009040. Breaking this final resistance can lead to a 500-700% bullish wave if the previous scenario repeats. Do you think this is something possible? Whatever happens, the next MDABTC move will be stronger than what most would expect. Thanks a lot for reading. Namaste.
M
by AlanSantana
5
DigiByte Hits Support & Challenges EMA10 | Where To Next?DigiByte (DGBBTC) is one of the strongest and oldest cryptocurrency projects around, solid as a rock. DGBBTC went on a strong retrace recently and finally hit support. The support that has been hit is a very strong one, marked on the above chart with a blue dashed line. Notice that even though this support has been hit multiple times, each time the candle close happens above the dashed line, leaving a long wick. After the support is confirmed we end up having a bullish wave. Just three days ago this support was confirmed and now we have DGBBTC moving above EMA10, signaling bullish potential. Based on the signals mentioned above, this can be the beginning of a new bullish wave. Targets in the form of Fib. proportions and EMAs can be found on the chart. Feel free to leave a comment if you have any questions. This is Alan Masters, thanks a lot for your continued support. Namaste.
Long
by AlanSantana
1