Bitfinex
Ethereum Shy Move To $185 or All The Way To $220?Ethereum (ETHUSD) has been consolidating nicely after hitting a low in late September.
It recently bounced off of the 0.5 Fib. retracement support and is now moving higher.
It easily cut through EMA10 and EMA50 and is now challenging $179 (EMA100).
If this keeps up it is likely that ETHUSD will move up to EMA200 or around $185...
After this level is reached we can analyze the next move.
Conditions for change
If ETHUSD moves lower and fails to conquer EMA100, it needs to stay above EMA10 to keep this bullish scenario. So a close below $174 would invalidate most of the above signals.
For now, it is moving higher...
Thanks a lot for visiting again.
Namaste.
What to expect from Bitcoin ?!So what can we expect from the price of Bitcoin.
Let's look at the most likely scenarios:
The first possible scenario is a rebound from the level of 8,200, with the subsequent movement to the levels of 7 400 - 7 200, where the formation of bullish divergence and a price reversal is possible.
But if the Market maker conceived an insidious plan, then they will break our stop loss above the level of 8 400, and then begin to move down. In this case, you will need to track the daily close above 8 400.
If the price manages to fix above the level of 8 400, then we are waiting for the price to move to the range of 9 300 - 9 500.
Now we have examined alternative scenarios for breaking through the 8 400 level.
And we posted the main scenario a few days earlier, see below:
As for the Altcoins, let's look at the start of the broadcast:
Now the broadcast against Bitcoin looks very good.
On the daily chart, you can see the bull divergence that appeared in mid-August and early September. You can see the main resistance at the level of 0.023, As well as the 0.028, which I marked on the chart with levels. Near the level of 0.023 passes the resist, it is marked by a red line. If we break it, we will surely go to the next level 0.028. It is possible that you will see a bearish divergence at the price level of 0.028 at the RSI in the new year. There you should fix the positions open in altcoins.
Regarding Litecoin:
You can see litecoin made a bullish divergence, a triple divergence, and formed a descending wedge. Accordingly, we can expect the following targets at the levels of 0.0082 and 0.094-0.098, I noted them on the chart.
Ripple this time overtook everyone else:
Ripple dropping for a long time and made a triple divergence from late June to mid August. Now I see the main targets for Ripple as 0.00004090 and 0.00007080, I marked them on the chart.
And along with the ethereum, it was able to overcome the MA100
If you agree with the targets of Ripple, support the idea with a powerful like and repost!
Binance Coin is surprisingly outsider in terms of speed of growth, however, we see bullish divergence as well as in previous currencies.
And this means that perhaps soon BNB will break through the resistance and begin to move to the next resistance level at 0.0024, and possibly even higher. So this is a good point to buy in the medium term.
Given the news about the $ 1.4 trillion lawsuit against Bitfinex and Tether, probably insecure investors / traders will rush to sell their tether and go to bitcoin or other stables. We will be careful since false breakdowns are possible during this period.
Write your opinion in the comments:
1. Will cryptocurrencies rise before the new year ?!
2. What amount of profits from Bitcoin are you waiting for in October 2019 ?!
3. What will be the price of Bitcoin on November 1, 2019?
Bitfinex Completes Chainswap with EOSFinexBitfinex, a cryptocurrency exchange, in conjunction with EOSFinex, reported a complete chain swap. They successfully convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol.
Based on a press release on October 5, the firms want to give the EOS DApp ecosystem with a stable and liquid store of value. And they aim to diminish the risks of digital assets’ volatility.
CTO Paolo Ardoino stated, “Promising projects aren’t getting the light of the day with current congestion and volatility issues on other chains. And that is why there’s higher DApp usage on EOS.”
He also added that EOS lacked a stablecoin, which might support these projects to manage exposure to price volatility.
On the announcement, currently, peer-to-peer micropayment infrastructure of EOSIO powers 49% of the top 100 decentralized applications (DApps). And it is also of the top seven of the top 10 DApps with the highest 24-hour transaction activity.
EOS Blockchain Protocol
Meanwhile, in a report on October 4, users of EOS blockchain protocol have been experiencing recurring issues with network access. And this has been occurring for the past few weeks until now.
In addition to that, a pseudonymous smart contract developer and security engineer Dexaran wrote an article recently. And they described the probable root of the problem. It is an inexpensive technique that lets hackers congest the network. Also, it could set into a low-efficiency mode, with a few dollars worth of EOS.
Apparently, the said exploit gave the hacker a chance to steal over $110,000 in cryptocurrency. And it was from an EOS gambling application EOSPlay earlier in September. But EOS’s parent firm Block. one executive became unfazed. They even argued that the network is running properly.
Moreover, stablecoin firm Tether and its affiliate exchange Bitfinex recently said they foresee a lawsuit – alleging USDT token being involved in market manipulation – as the result of yet unpublished researched.
Bitcoin Still Aiming At $7,700 | Hit Or Bounce To $9.2K?Bitcoin (BTCUSD) is still aiming lower. We have a short since $8200 and we think our remaining two targets will hit...
Bitcoin is trading below EMA300 on the daily time frame, so another leg down might happen before testing resistance back up... Here is the chart:
Below you can find the full details of our trade, remember that this is HIGH-RISK and not financial advice .
Leveraged trades are intended for advanced/experienced traders only. If you are a beginner, stick to the altcoins on Binance, Bittrex, Huobi, Poloniex, HitBTC, etc.
Thanks a lot for your support.
______________
Trade: SHORT XBTUSD (Bitcoin)
Leverage: 6X
Buy-in: $8,050 - $8,150
Targets:
(1) $7,900 |Hit (+14.58%)
(2) $7,800
(3) $7,700
Stop-loss: Close 4h candle above $8,195.
Liq. price: $9,652
(Buy-in calculated at $8,092)
Potential profits: 30.5%
Capital allocation: 6%.
______________
Make sure to hit like for more and to show your support.
Use the comments section below for questions and to share your charts.
Namaste.
_____________
Previous analysis | Bitcoin's Next Move Short-Term ($7,700 or $9,200?)
BITCOIN - Short Opportunity, Updated IdeaThe price could not break the Resistance Line.
Moving below SMA, Bollinger Bands squeezing to the downside.
The RSI STEP TREND (One of my favorite indicators) will confirm our entry.
I will update the chart accordingly.
Expecting to reach Target Zone 7800.00 - 7900.00 soon.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC - 21 Weekly EMA UPDATEHello everyone
I checked some of the previous weekly 21 ema crosses.
I circled the bear crosses in red and the bull one in green.
Even though we are in a really important bearish state right now, there is still a probability we are falling back to a bear market.
It is not likely for BTC to cross below 21 weekly ema in a BULL market but we can see that there can be small exceptions considering the past. Most of you know that 21 weekly moving average is one of the most important indicators for most of the traders. Bitcoin uses 21 weekly moving average as a support all the time when it is in a bull market. So, to continue a bull market we have to recover ASAP, the faster it is, the more bullish it is in mid term.
Hitting back to the 21 ema in a couple of days can signal a bullish turn. If we stay at the current prices for a couple of weeks, it will mean that we can be falling back to a bear market - though I think it did not ended, it was a super manipulated parabolic 13k run -.
To compare the percentage of falls I checked how far we can retrace before a huge bounce - if we are back to the bear - or a reversal - if we are in a bull.
A bear market crash can bring us back to 4-5 k levels before a nice deadcat bounce.
A bull market reversal can happen at 6-7 k levels.
Going below 6k is really risky for this so called Bull Season
Take care everyone.
I believe and wish that I will turn bullish in 2020. But this year I do not have too much hope.
IMPORTANT UPDATE - BTC is Flashing a Strong WARNING SIGN! Bitcoin has never closed more than 2 red monthly candles in its entire history in a BULL market.
For the first time in its history bitcoin has officially closed its 3rd RED monthly candle.
I will be checking the daily and weekly analysis and will be updating you guys.
This is a really important WARNING for us.
AT THE LOW RANGEWeekly chart currently resting at the low range, if this area holds, next stop will be mid range, and if that area holds, we will attack higher range, key and main resistance of the entire price structure. If ethereum is capable of closing above this range, then the entire bearish trend since 2018 is concluded for me, and I would consider to be at the start of a new bull cycle that will take the price to new ATH. But for now we need to hold this zone.
[XTZBTC](86%) Tezos Trade Signal @alanmastersRecently we shared a chart for Tezos (XTZBTC) mentioning its add to Binance and bullish features/signals...
The chart above maintains the same caracteristics, bullish, and is now looking ready to move higher as it moves pass EMA50.
It can break up anytime NOW!!!
And for this reason, we are sharing a full trade for our followers...
Additional targets on the chart.
Thanks a lot for your support and remember to hit like.
________________
Trade: Tezos
BUY: 0.00010000 - 0.00011110
NEXT SUPPORT: 0.00008800 - 0.00009400
TARGET:
(1) 0.00012500
(2) 0.00014100
(3) 0.00015500
(4) 0.00016500
(5) 0.00018000
(6) 0.00020300
PROFITS POTENTIAL:
(Buy calculated at 0.00010900).
STOP: Close weekly below 0.00007900.
________________
Namaste.
This is not financial advice.
Trade at your own risk.
RSI at bottom or near bottom. bitcoinRSI on daily is bottoming . on the weekly its at 46.6
nvt seems to be leveling and crossing over
We are not looking to bad, this could lead to sideways for a while, just because it bottoms it does not mean it will moon, it can stay over sold for a while and bring sideways small movements, or it could moon!!
as i said on the last i believed we would go below 8k and we flawed to about 7680, all be it on a candle wick.
theres gaps on CME at 11700 and a small gap at 10125, if the un writtan rule that gaps need filling then they need to be filled!!
i always use charts in LOG, its better to see growth and history
Im long, this is of course just my opinion , always watch the RSI in weekly and daily, if your in it to hold and long term
if your a trader then 4 hourly is best, just my opinon