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XRP with NO space on 3d average ! Big moving incoming !!Space is a important concept to understand as can be played in numerous ways from different angles At the moment theres no space on XRP 3d chart between the 9ema and 200ema. Or relatively little. I think of this like the theoretical big bang. Once something is too condense then expect an explosion at some point where asset price volatility expands out. Not just lack of space that is playable When too much space is created this too is an opportunity. With other considerations in mind (nothing holy.. look for confluence).. too much space shows that price has expanded or extended away from average(s). This is playable (when other conditions are met) in the sense of looking for a mean reversion. Price reverting towards its mean or average(s). Again this is not holy and old averages can be left behind without any reversion but this is uncommon. These are the exceptional paradigm shifts into essentially price discovery mode. First retrace into extended space is likely to have a nice reaction First retrace (into 200) after an extended move can lead to a beautiful bounce or even continuation of space extending. We are in process of building a tool for this too! Make sure to keep an eye out for current data and correspond that to relevant other assets to get a nice insight into which way to be looking.
TVC:DXY
by SoftQuant
11
Bitcoin: Thoughts and AnalysisToday's focus: Bitcoin Pattern – Range test Support – 25,600 – 25,280 Resistance – 26,080 – 27,630 Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure. Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower? Have a great day and good trading.
EIGHTCAP:BTCUSD
by Eightcap
Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts. These alerts can quickly change and new data needs to be reacted upon so have to stay up to date This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.' If btc is the sun of the crypto space then US gov yields are the sun to the finance space With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions. Admiral Ackbar told me its a trap look These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in. Follow and click the link in tradingview to keep up to date with the data Cheers !
TVC:US10YShort
by SoftQuant
10
Bitcoin: Can buyers continue the fightback?Today's focus: Bitcoin Pattern – Continuation Support – 27,500, 28,700 Resistance – 29,450, 30,170 • Shib launched their highly anticipated Shibarium. • Coinbase received approval from the NFA to allow US retail clients to trade crypto futures. • Bitcoin briefly broke below 28K on some exchanges on Thursday Hi, and thanks for checking out today’s analysis. Today, our focus is on Bitcoin. We’ve seen a rather exciting day so far with news hitting the market that looks to have created a bit of long-needed volatility. After a fast decline that continued the last two days, Bitcoin continues to fight back from session lows. Will we see buyers come back into the market? Do you agree that the current retracement looks a lot like the last? Could this be a sign that a new leg higher could be building? A lot will come down to if price respects the main uptrend and if it can find support before making any new deeper declines. Have a great day and good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
2
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline. If the trend stays green then the move out of this can be up with strength A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly. When moves fail they can fail fast Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend. There are other strategies We try build tools that suit for different strategies in different situations check out the links provided See you soon GeorgeOnTV
Long
by SoftQuant
7
Hawkish FOMC, new extension lower for BTC, or?Bitcoin analysis with FMOC to come Today's focus: Bitcoin Pattern – Support break Possible targets – 30,345 US – 27,500 DS Support – 29,092 minor Resistance – 30,344 – 31,360 With the FOMC coming out tomorrow morning and rates expected to rise by 25 points, will we see straight sets with the Fed still remaining hawkish? With Bitcoin looking rather vulnerable at the moment, could that set up a new push back to the main trendline? Or if the Fed is more dovish, could that reignite buyer interests and move price back above the 30k level? Bitcoin broke support recently, and the worry for us is that the market could be looking for any reason to continue lower. A stronger USD could just be enough. That’s the primary point of discussion in today’s video update, but we have also put in mentions of the USD index and gold as they both sit in inappropriate situations atm, with the USD starting to struggle in its comeback rally while gold continues to push at a new continuation. Have a great day and good trading.
BITSTAMP:BTCUSD
by Eightcap
Massive resistance ahead! 18k or 35k where next? Chart Analysis: Recent Developments: The chart has recently exhibited a classic 'Cup and Handle' pattern which broke out and evolved splendidly. Following this, there was a pullback to the breakout level, which culminated in an impeccable falling wedge, as we had anticipated in our preceding video. Subsequently, there was a remarkable breakout, and we successfully reached our initial target - the apex of the falling wedge. This has brought us face-to-face with the most formidable resistance encountered since the inception of the bear market. Will we break through? Only time will tell. What Lies Ahead? At this very moment, the chart is forming yet another colossal 'Cup and Handle' pattern, and we are teetering on the brink of a breakout. Should this breakout materialize, we can anticipate a continuation of the upward trend until any signs of faltering. It's crucial to remain vigilant for indications of potential reversals. Conversely, if this attempt is unsuccessful, the chart could potentially plummet to the 18k level before the halving. It's advisable to proceed with caution and employ stop losses. Risk Management: It's imperative to tailor your position size in accordance with your risk appetite. Employ astute risk management tactics, such as trailing stop losses, to safeguard your profits as the price advances in your favor. Disclaimer: Please note that this analysis is intended solely for educational purposes and must not be construed as financial advice. It's of paramount importance to undertake your own due diligence and seek counsel from a financial advisor prior to making any trading decisions. BITSTAMP:BTCUSD BITSTAMP:ETHUSD BITSTAMP:BCHUSD KUCOIN:INJUSDT
BITSTAMP:BTCUSD
by mammamia2