ONT \ BTC NextmovePossible movement of ONT \ BTC next month
Black line was support at 4600 and 4550 in april 2018 and became strong resistance from august 2018 at 4200, 4100, 4000, 3300, 3250
Green line, was support at 2000 and 1500 sat on march 2018 and return support from december 2018 to february 2019
ONT is in trend channel from 2000 (support) to 2500 (resistance), we are watch possible new channel (yellow one)
IF ONT broke upper resistance can push up to black line (strong resistance) in area 3000 sat
IF ONT broke lower support return to 1500 sat.
What we expect (it's a personal vision, not a suggestion) PURPLE LINE
Btc-trend
BITCOIN (BTC) - triangle or flag? IT'S BOTH!Two of the predictions in my previous post were bullish triangle and bullish sloping flag. But it looks like BOTH of these are correct. The price broke out above the triangle's horizontal line, but has now found resistance at the top line of the sloping flag. Short term swing traders should SELL at this point.
Long-term hodlers can take comfort that the flag is usually a bullish formation, a continuation of the prevailing upward trend. But of course, that is only 'usually', we could see a breakout upwards or a reversal below the bottom line of the flag. Be alert for either possibility and plan accordingly!
BINANCE COIN (BNB) IS GOING PARABOLIC!Parabola = Danger.
This warning is for anyone thinking of FOMO-buying at this late stage.
Remember how Bitcoin went parabolic in late 2017? Remember how I warned about this in a Facebook post on December 24 2017? No? Well then you should have been following me ;-)
The point is, parabolas are always danger signs towards the end of a trend. BNB is nearly at its all-time high and this parabola could well burst through the line, or it could reverse because of the strong resistance. But either way, buying into the last stage of a trend is a dangerous business. If you do it, watch the market carefully for a possible swift and devastating price collapse. Hopefully that won't happen, but you've been warned. For now, I remain long.
Bitcoin (BTC) - Guaranteed Pullback? #RibbonResistanceHi brothers and sisters! Welcome to my bitcoin view! Just look at the chart, and see the signals, you will understand.
The huge 1000$ spike we had earlier, awake the cryptomainstream, that led to this huge FOMO. Bitcoin have to consolidate again before we can say anything.
Keep in mind, we talking about Bitcoin, the most volatile asset in the world!
Left window (1week):
Moving average (Bearish/Resistance - If break above, pullback will be harder)
RSI (Bearish)
MACD (What do you see?)
Right window (1day):
It speaks foritself, we already dived into the ribbon again, and RSI+MACD shows a downtrend.
Market Cap: $171.475.863.377
24h Vol: $40.513.768.712
Let me hear what you think about this situation at the moment; comment and lets all connect our brains as #1
BTC/USD - Rejected long term trend, bulls need more fuel?It's been a while since my last BTC analysis, so figured it's time to do one again.
As we all know, it’s been a relatively slow week for BTC until today. We finally got some volatility back in the market, and as anticipated, it turned into a red Monday. Over the weekend and late last week, we encountered the long term trend which is one of the contributing factors of the drop from 6k. This is the trend I’m talking about:
Many people say trends don’t work with BTC, but I think the picture above is a pretty clear indication for that being just fake news.
It’s worth taking note of the candle pattern we had when we hit the trend prior to the 6k drop, and compare it to the current candle pattern. It’s actually quite similar, but it’s nothing else than a candle fractal for now.
For bullish continuation on BTC it’s important we hold the blue trend support and preferably match it with a price level such as $3590. I have currently swapped short on my Bitmex portfolio and is hedged with a 25% long on it just in case. Plan is to flip from short to long again between 3600 and 3700 unless we have some big volatility and crash right past it.
On the right chart above, you can see the possible head and shoulders pattern forming on the 4h and 1d. It’s very important to take note of this one, because if the head and shoulders pattern decides to play out, the right shoulder should in theory flag outside of the triangle, which could flip the pattern from bearish to bullish. Anyways, if manage to hold $3850 and move towards $3950 (or as far as we can go without breaking the trend), it will make for a really good short opportunity as it’s making the right shoulder and could indicate more bearish price action.
For now it’s quite unclear the direction due to low volume. Low volume can also lead to increased volatility and shakeouts could occur, so be cautious when trading. I will try to update this post whenever something big happens.
Take care, and comment if you have any questions!
Bitcoin WEDGE Rising wedgeHey all. Bitcoin is currently trading inside a bearish rising wedge with bearish divergence. I think we could do one more push towards $4180 before I expect this pattern breaking down again. The success-rate of this pattern is high. I am still waiting for a new low below 3k, and I am short from $4170 with my long hedge from $3300.
AGAINST the feelings of sell - nearest broken trendin nearest time (1-2 weeks- maybe first day of oct.) we may to see a another trend- market falling by 30% or go to the 8000$ in long term to the dec
if GREEN lines will be broken - that may be a sign for buy = end of long term Bear trend
BLUE lines is a resistance and support lines
RED line is a strong support line , when red line will be broken we falling to the other support lines
STAR and CAMERA - is a shoting time of action (22-25sept- 5 okt)
70 to 30 for Bear to the my previous predict- 4.8$ for BTC
in shirt time predict(to the end of sept- first days of oct)- we will to see slow bull run to the ~6,5$
Bitcoin short-term movementBitcoin just crossed over first ATR line and changed it to the green (long signal 1/4)
RSIOMA signal line changed to green (long signal 2/4)
RSI line is very close to the middle line (neutral signal 3/4)
Heikin-ashi Smoothed changed from red to green (long signal 4/4)
3/4 Long signals
1/4 Neutral signals
Short-Term Market side - Bearish
Medium-Term Market side - Bearish
Long-Term Market side - Bullish
Risk of the trade - average
Position size - average
ETF Rejected gives good buying opportunity for BitcoinYesterday, the SEC announced that it will be rejecting the proshares ETF.
The technical analysis situation prior to this was looking bullish for bitcoin with many signs pointing to further upward movement:
-MACD converging showing selling momentum is dropping off
-Both RSI and price forming higher highs and higher lows
-Futures no longer trading at a premium, this takes the selling pressure provided by miners looking to lock in a profit out of the market
Given the etf announcement, price experienced a drop but it was not so severe considering other drops experienced on bearish news. Given the bullish signs, this pullback is an opportunity for traders looking to go long.
Traders going long around 6350-6450 could use a profit target of 6800 with a stop loss of 6150.
We also have the Vaneck ETF upcoming which proposes to be backed by the equivalent amount of Bitcoin. This one has a much better chance of being approved.