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UPDATE BUBBLE IMPLODINGIt makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months. This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow). It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears. If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down. This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
BITFINEX:BTCUSD
by BrieucdeLooz-Corswarem
Litecoin: LTCUSD Far Eastern Interest Returning / DominatingLitecoin: LTCUSD Far Eastern Interest Returns Timings on LTC show strong far East interest re-emerging. That surge of green on 14th began at midnight gmt/19:00est just before markets opened up as early birds caught the worm and price began to fly high through two lines of old resistance before topping out at the 233 line, at 21:00est just 30 or so minutes after far Eastern markets had all opened are strong clues. These markets are still in overall control of this coin and their returning interest has to be good for LTC longer term. But in shorter term Litecoin is unwinding an overbought condition by trading sideways in the range dominated by resistance at 233-237 at the top and two lines of support at 215 and 207 at the bottom of the range. But very nearterm support lies at 223 which must hold if it's to avoid rinsing off back to 216-215 during the course of the day if buying interest continues to wane - and may get forced back to 207-206 at worst if 215 in turn gives way later today - but if so look to add as these levels are touched in the quiet period leading up to midnight gmt/19:00est. Alternatively, should these lower levels not get touched and LTC can hold up all day at 223 and above it can be bought on a successful breach of the little dynamic resistance line running above price on this chart with stops below the same line, just under 223 if the break occurs sooner than midnight gmt/19:00est.
BITSTAMP:LTCUSDLong
by sumastardon
3
ADA - Can We Dip More Please?I like ADA and I like it as a long term hold in regards to where they want to take ADA. I'm currently in at $.39 and looking to pick up a little more. I quick work up of the chart has me believing we will see a little more downside and a possible move down to all time lows on ADA. Not sure we will get there as it appears we are on signficate support based on the current and last two 4HR candles. If we can break this level, i think we can see the .45-.50 area and if so, i'll be looking to add to my current position. MAs on lower timeframes are telling me this is quite possible.
Long
by Crypto_Sid
2
BCHUSD Tracking new parallels and grinding higher againBCHUSD Buy dips again but keep an eye on Bitcoin This produced one of those perfect breaks today that all traders love...the trigger was a break above the smaller continuation pattern back down towards the lows at 1400 - the minimum target was 240-258 points higher at 1620-1638. The high of the day was 1638. How many managed that? Top trader today if you did! So now, having just lost 10 points going long at 1540 it looks time to try again here. This movement sideways has shifted BCH from under the bigger parallel that was halting advances last Thursday at the same highs as today, creating a minor double top - at the same time the pattern has shifted so that BCH is now tracking a loosely defined pair of parallels with a good strong pin bar violating the lower line and then a series of smaller pins around 1479...but on upside it's testing resistance at 1517 up to 1539...look to buy dips to 1482 and down to 1461 if touched (put orders in, you never know (all stops must be below 1455 for now). It should grind forward again, using the lower parallel as supoport/buying opportunities towards 1618-1638 and then, after another pause, on to 1707 and 17766. This is good whilst within the parallels. Bad if and when if loses the lower parallel. If at any point we see this close out all longs and consider shorting on next pull back towards the parallel from below, once lost - don't think so , but we need a plan B in case as Bitcoin is frisky and the fate of BCH is pretty much dependent on BTC from here.
BLong
by sumastardon
1
Bitcoin:BTCUSD Buying power grows again - Bitcoin: BTCUSD Last Post That's another pin bar formed on the 2 hour chart showing quite aggressive buying lower down...can't deny it's still in danger whilst trapped under the parallel but price action shows sellers are being absorbed now at ever higher prices. It can still fail at any point whist under that parallel but even from here do not want to get tempted by a short due to the danger of whipsaw - still evident by that recent pin bar. So the waiting game continues - but now accepting that this really could go either way...it's Bitcoin. It really is possible to still escape...the Head and Shoulders pattern is not complete, and won't be unless 6910 gives way. Therefore need to be prepared for break either way, looking at it 50/50 now and trying to stay prepared for a break either way, as per previous comment. One last point: for Bitcoin to make another break to the upside and defy the bears just when it looked like a big bear raid was building momentum would be a hell of an escape act and should propel it considerably higher still as a result - so whichever way this breaks should be worth following, hopefully without getting stopped out this time around. Be lucky, especially with stops.
BITSTAMP:BTCUSD
by sumastardon
1