BTC attack on 10K. Bears in panic mode! FOMO starts now. BTC attack on 10K. Bears in panic mode! FOMO starts now.
After the great advance of altcoins capital is now flowing into Bitcoin again (which was partially expected). When/if 10 000$ gets taken out bulls will clear an important psychological as well as technical level of resistance.
This move might extend far higher than you'd expect. Stay hedged and do not over-leverage your trades. If not already in a long position opening one ow will expose your funds to a huge risk. Stay level headed.
Happy gains!
Bullishbreakout
$OSB daily #chart with ascending triangle #breakout$OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle
Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11
RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could be related to ER on the 31st OCT
Anyway the measured target is at 30.76
Good Luck,
TA
I'll Take "What Is A Bear Trend" For 500 AlexHello all,
This is just an update from my last chart better representing levels, just in case we continue our bearish trend.
This chart, compared to our last, is charted on the daily rather than the 4 hour time frame.
We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending deeper/ possibly retesting our lows in 2018, but that is unlikely as of now.
(At this moment in time my last chart is still active, but if our total drops below ~228B we are most likely continuing our bearish trend)
Grey Lines represent Fib levels.
(Fib levels starting point is December 2018 Lows/ ending point June 2019 Highs)
Red lines Represent Support and resistance zones.
If we fail to break out of our long standing bearish trend, represented by the Red line directly above our candle stick patterns, we will most likely head down for lower lows during February-March.
In my opinion it is not wise to be over leveraged in either direction at the moment as we are at a turning point in the market.
Feel free to comment and share your views.
As Always DYOR and safe trading.
IOTABTC breakout up to 15% profit in the short-termMajor bounce from the mid-term support trend line lead the price action to the descending triangle pattern. Technical analysis is neutral at the longer frames. Such situation is favorable due to BTC fluctuations.
The positions is good for 1-7 days duration. At the short-term timeframe bullish flag is formed with a great breakout potential. The price is going to hit the band and according to Momentum (10) and DMI will break it. Moreover we have hidden bullish divergence at the chart which enhance the forecast.
Buy only when the price goes above the specified confirmation level of 0.0000299
Take profit targets are:
0.0000311
0.0000319
0.0000328
0.0000443
Stop loss:
0.0000269
MFCB - Bullish Breakout, Uptrend To Continue Into Uncharted AreaMFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29
$SPTN weekly chart Inverse H&S breakout Very nice inverse H&S shaping up on the weekly chart, trying to breakout after couple attempts in the past month
MACD and RSI both very supportive (MACD histogram in positive territory / RSI above 40)
Check out the accumulation volume in the past 2 months or so (after the capitulation selloff down to around 9.00ish , buyers stepped in and more than absorbed the selling volume)
Headline around 8.80-9.00 / shoulder line around 17.00 / neckline around 12.25
Next 2 trading sessions are crucial, ideally look for a weekly close above 12.25 (neckline) to participate
Calculated target based on the head to neck distance is around 15.68
NTPM - Technical Rebound & Testing for BreakoutNTPM - Bullish candle with substantially strong buying interest, affirming the stock support at MA50/ 0.415, indicators are pointing for further upside. Further trading interest shall propel the stock towards MA200. Any chance to breakout from MA200 will generate stronger momentum for the stock. Next resistance at 0.49.
TRXUSD: 4hr Ascending Triangle & Weekly Sequential 9Tron looking bullish and trying to break out of its ascending triangle as well as 200 MA, similar to ETH , LTC and BCH . It's tempting to take the trade above the Sequential 9 at 0.01675 when the weekly candle would flip green, similar to ETH in this sense which played out well. However the setup is only 1.5 reward ration on the 4 hr, so will wait for a better setup on the weekly (or potentially the Daily).
Similar to the altcoin market the Weekly Sequential 9 is a doji reversal candle:
BTC Dominance is otherwise starting breaking down since Ethereum's run up:
XRPUSD hits my exact breakout target.We are finding resistance at my exact breakout target for xrp. However, if we can flip the 1 day 50ma to solidified support then we should be able to eventually overcome this horizontal resistance...as we can see there is a 2nd horizontal resistance just above it though so it will not be easy...for this reason I'm leaving this idea neutral even though I am most definitely longterm bullish on xrp.
XRP poised to break from fallingwedge; strong resistance @ targtXRP finally sees a bullish sign as it appears it will likely trigger a breakout from this wedge and rise to the 28 cent area where it will likely be met with strong resistance from the 1 day 50ma and 2 horizontals right in that same region.
AUD/CAD BULL TAKE OVER? SWING/POSITION OPPORTUNITY Price Action (Technical Analysis): For a a little over 1 week & 1/2 we have been allowing price to accumulate at a highly respected key level of support (Monthly).
Weekly bullish hammer was formed at support which indicates us high buyer sensitivity, we are expecting a continuation of buyer waves to enter.. We had price break it's consolidating market with a bullish impulse breaking above & we saw price gradually pull itself back to test structure setting us up to just await an entry confirmation (price action reversal pattern). Exiting reasons would ideally be at our high respected descending trend line. Further analysis will be made as price follows itself to our rally point.
Fundamental Analysis: None.
Ethereum's path to $500 now firmly set in motion after c&h break Ethereum is now confirming a breakout of a weekly chart bullflag that should take it to at least $366 but more impressive is the cup and handle pattern on he 1 day chart it seems to be triggering at the same time which has a potential breakout target of $499. Now it's true cup and handle breakouts often fall slightly short of their projected target, but there's also several instances where price action far exceeds the projected target as well. Whatever happens I'm definitely long. I feel even if it corrects before $500 it will get there sooner rather than later.
ETHUSD breaks bullishly up out of falling wedge target= $261 Lots of bullish signals converging at the same time on the ethusd pair right now. First was the golden cross on the 1 day chart that occurred a few weeks back and now appears to be sustained. 2nd we have the bullish breakout of this weekly rising wedge pattern(a pattern that typically breaks bearish). For a bearish pattern to break confidently bullish like this is a very bullish indicator. Our next bullish signal is that the weekly 50 ma(shown here in orange) appears to be holding solidified support. This is clutch...if it can maintain support the $261 price target should be hit with little to no pullbacks. The only cause for concern here is having the stochrsi on both the daily and weekly charts now in the overextended zone..but as we all know on bull runs it can stay over extended for quite some time so thats nothing to be alarmed about just yet.
Litecoin to Bitcoin may continue to growLTC in relation to BTC looks very positive. The breakthrough was rather impulsive, after which we observe a regular pullback. A very good sign that resistance becomes support and the price does not go lower, if support continues to hold the price, it’s very likely that LTC will show a positive movement in the next few months. If the momentum is not lost, then it is worth considering the hold.
ETHBTC Ascending TriangleHey traders,
Looking at POLONIEX:ETHBTC and has a bullish cross as well as an ascending triangle. This is great for a potential short term investment. With all the altcoins going up right now this is definitely a good pick with the reversal trend that is currently occurring.
Good luck to everyone in the altcoins rally!