BTC-ETH-XRP
EOS Daily Dose 3/14/19EOS is in tight predicament. EMA1 and EMA2 are about to converge or diverge. If they continue to diverge then EOS’s price action will be bullish but it is too hard to tell right now. This does look like a re-accumulation phase as well. As the price converges into the apex of its triangle, there should be an increase in volatility very soon. There is heavy resistance at $4.00 but decent support at $3.45. The sentiment is more bullish than bearish for me though. However, I am going to wait until we make a new high or low before I consider trading EOS.
Ripple Daily Dose 3/14/19XRP is quite different than any of the other cryptocurrencies. The sentiment for XRP is bearish in my opinion. Because XRP has showcased that has decouple a while ago, relying on price movements from Bitcoin and Ethereum will not provide as much meaning as say, the relationship between Ethereum and Bitcoin. That being said, there are some critical tests that XRP has not satisfied for me to be considered bullish. First off, there was a major rejection at the 38.2 Fibonacci line and the pattern right now seems like a bearish continuation. Until we can break $.40, I am not considering to trade XRP. It is entirely possible that we have bottomed out, but I am more confident in trading the above coins for now. There was an 8% drop at 7:15am this morning but it wicked extremely long so that we are currently in a range. This is an indication of uncertainty between bears and bulls.
Ethereum Daily Dose 3/14/19ETH’s price action is very similar to Bitcoin’s but with a few slight differences. First off, there was the similar pump that led ETH to move to $170 and then a precipitous drop to the $140s range two weeks ago. Then there was a similar belly that was formed which looks like a Wyckoff Re-accumulation as well. However, one of the main differences is that this price action looks a lot better than Bitcoin’s in terms of going in a long position. I will refer to my yellow line and my purple line as EMA1 and EMA2 with the yellow being a shorter time frame and the purple one longer, respectively. EMA1 is finding some nice support and we are consolidating within a micro range, that hasn’t fully completed a macro range. But if we hold this range here, we have a good shot of at least re-testing $150-$170. I am still long from around $131 after taking some profit but that being said, my stop loss is $131. There is a strong possibility that this price can still be going to the $113-$118 range, but if that breaks, the sentiment will be bearish to me.
ASTBTC just perfect!Very good buying opportunity and can give you some nice profit in mid-term.
In my opinion, it can grow 500-600 percent in long-term (maybe mid-term :) )
Buy a confirmed break above 1050
Targets
1400
1650
1950
2200
Stop loss 1050.
XZC ZCoin Ready to bounce on breakout?This one is having a different move setup vs. the other cryptos. Is this the 1 for alt season?
Shitcoin moon missions 2019 $snglsHey singels please rebrand to dtf then ignite the pornhub partnership thank you
Crypto pressWhat you need to do in order to benefit from Crypto's main use case - making money is simple, if you are on TRadingview or a similar site with a feed with C.C.N., Nulltx , Benzinga , NewsBTC or another iteration of the same false programming is simple. Duct tape works, but you CAN expand the market depth view to cover these entities, so you don't see them. Their predictions have proven false 90% of the time, and after a year of writing about how traditional weights and measures do not, CANNOT apply to crypto, they have rolled out new toys like a "Confluence Detector."
I have rolled out a B.S. detector, and it's glowing when it see's said entities say ANYTHING. BY way of example, a headline reads EUR/USD action points to huge breakout for Bitcoin.
NO, it doesn't. Bitcoin is traded in many fiat currencies, arguably as much the Euro if not more than the dollar; furthermore it is paired with eth , LTC , XRP etc. et. al.
So...., fool me once- nice job, twice and I am an idiot.
Sensational headlines written by organizations controlled by big money are simply one more form of the price manipulation we deal with.
Last time i saw a headline read "BTC to hold at 4k," it lost 350 usd overnight; and that can be measured in Euro's, Yen, Krugerand lol; what have you.
Filter out the bullshit; learn your own system, observe- OBSERVE market cycles, correlate them with REAL news - the U.S. shutdown for example, but more than anything observe correlations with the indicators your site provides- whether it be Elder ray(especially useful tool), Elder Fischer transform, Adx/Dms , Coppock curve, ease of movement- simple and exponential , Chande forecast oscillator - all designed without crypto in mind, which is why on the face they dont apply, but with CORRELATION, OBSERVATION , AND CONVERGENCE , they can be MADE to apply.
Freedom of the press works both ways, so stop reading the Enquirer. It's bad for your risk capital.
Caveat Emptor; Fortis Fortuna Adiuvat.
So , everybody giving up now??2018 was a terrible year for a lot of people. A book , entitled "The rise and rise of Bitcoin" was published, and many people wet their toes in the crypto lake at it's height.
Today we know that prices like those seen were largely based on hype, possibly by insider trading, price manipulation etc..
80% of trading, of investing is psychology; and what many hoped would now be a good year for crypto seems to be it's death rattle.
A market is based on many things - crypto is far simpler. It's use cases are there , but episodes such as today's, and crash upon crash scare away the big players and institutional investors the crypto press is so fond of claiming are sitting at the table.
The purpose of crypto right now is to MAKE MONEY.
That has to be accomplished , and a steady yet sensible rise in valuation needs to be seen not only before anyone will take it seriously , and frankly the damage may be done there already , but also before mainstream adoption can/will take place.
NOBODY wants to lose all of their risk capital. Crypto has consumed many a poor fools capital assigned to risk that should never have been there to begin with.
Before any of these wonderful things can happen , a responsibility exists within the crypto community NOT to drive it into the ground.
Day trading, and scalp trading have replaced H.O.D.L. for a good reason, the year 2018 - irresponsible reporting, irresponsible claims and boasts by billionaire hedge fund managers , and I do not believe it is an accident.
Every time I see a headline that reads "Bitcoin to hold steady at 4k," for example, it crashes that very night.
Who controls the press?? Big money. They then step in at the bottom and take money from the smaller investors who haven't learned that C.C.N., Nulltx , and others among the cadre of "Journalistic sources" that tell you about Novogratz at 20k by end of 2018, predictions by Tom Lee etc. are dead WRONG . They are to crypto news as the Enquirer is to real life news.
The galling thing is that they are believed even still, with new toys like a "confluence detector."
If people had any faith in this market , and any desire to protect the world from economic globalization, and a day when the bank doesnt have your fiat currency, it WILL fail. We are looking at a globalized, centralized, digital fractional reserve system in the near future if this doesn't stop happening , and the death of a noble endeavor, economic freedom , a way for the poor citizens of countries with despotic rulers to retain and exchange currency. The death of freedom, and a looming economic crisis the likes of which have never been seen.
Good luck.
Fortis fortuna adiuvat.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 29.53 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 34.58 (horizontal swing high resistance, 100% fibonacci extension , 76.4% fibonacci retracement ).
RSI (34) is also approaching our support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BTCUSD IH&S & Symmetrical Triangle, Potential Bullish BreakoutBTCUSD is currently awaiting to break out of the symmetrical triangle.
Given the possible formation of an inverse head and shoulders pattern and the upside potential based on stochastic, there is a strong possibility of a bullish breakout.
Share with me what you think about my idea!
Thank you so much and happy new year!
:)
BTCUSD approaching resistance, potential reversal!BTCUSD is approaching our first resistance at 3749 (100% Fibonacci extension, 38.2% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 3422 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21, 5, 3) is approaching our resistance where we might see a potential reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.