Buyingopportunity
NEO Buying Opportunity Neo is forming a symmetrical triangle by looking at the 2 hour chart. It is getting close to the end of the triangle and it good to keep an eye on the trend, if the triangle breaks upward or downward. It will be best to buy around $34.6 - $30, and setting the stop loss below $30.
Buy order: $30-34.6
stop loss: below $30
First Target: $56.7
Second Target: 70
Good Luck!
This is not a financial advice, and please trade at your own risk.
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Bitcoin: 12LUmUQNDbUp7mJF5HAroka7MwiYreTXbc
Ethereium: 0x3c0eb2314aa9f50f301550797978eb147c95aeb3
Lightcoin:LTvzJzBY3K3uzLBfr6zs2a2UfjW5KmeDSK
BCH (Bitcoin Cash) Breaking UP/Out of Triangle/WedgeThis current wave of selling is possibly the last chance to get in at this price level in this rising support channel before breaking UP in the direction of new ATHs (All Time Highs).
Whether it is a Triangle, Wedge , Flag, or Pennant , the channel is rising and the breakout is beginning to build bullish buying signals....
All of the many channels are pointing nicely upwards. The Buy Zone to get into BCH ( Bitcoin Cash) at bottom channel prices is steadily rising, bouncing off, and testing bottom support of, the upward curled 50 EMA (50 day moving average) on the 4-hour and daily charts . As slow as it may have been these last days of the market correction with light holiday volumes, it has left the door open for those wanting to get more into it. MACD and RSI are both breaking up with lots of room to move off these steadily rising support levels of the upward price channel . So all systems (signs) are UP from what I see for whenever the volumes move back into normal gear, which will more than likely pump the price action more in the general upward trend this building support channel is carrying us.
Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC)
(from our research experiments...)
Thus, Bitcoin Cash is 100 times a better Medium of Exchange than BTC
and is still valued less than 1/5th. You do the math.
Looks like lot's of upside there to me to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)
Head & Shoulders?Looks like H&S from a downtrend, that's usualy followed by another correction. But I expect it to rise soon with the Dymaxion annoucement...Or McAfee's tweet, you never know. I've entered @490 satoshi.
Lemme know what you think.
DASH pushing for 650EURBased on the two previous all time highs (September; June), DASH is expected to go all the way and a bit above the Fib 2.00 level. This is also shown buy red line.
After DASH had a short retracement until the Fib 0.5 level, it now surpassed the 0.618 and seems to go strongly.The brokage of a possible dubble top is a good point to buy in and to ride the third Elliot wave.
Expected resistance at 522EUR (Fib 1.00). Afterwards around 652 (Fib 1.618) which could possibly be end of wave 3 and can lead to pullback and another buy in point.
The MACD indicates a strong upwards trend with quite some volume. The RSI indicates an oversold position which could result in a small selloff possible at the 522EUR level.
Did you bought NEO? DON'T PANICou can see in any broker that the price of NEO is falling at a dizzying speed. This is due to next factors:
- This climbing cycle is ending.
- Some people say it's due to a new ICO (Red Pulse) that has come out, and a lot of NEO has been sold.
- Others say it is caused by China (I did not see any news about it).
- ETH is coming down (the most platform vs BTC) and secondly it affects NEO.
Whatever the reason, no one can deny that the climb cycle is over, and with it a big crash.
In the graph I show up to where it will safely go down and the possible scenarios.
- The bullish trend line is NOT broken and we will have a phenomenal buying opportunity.
- The bullish trend line IS broken, but we still have strong support and the price is stabilized again. I bought NEO at 0.00711. It's just question of waiting for the pump.
- Bearish trend line wins and price goes back since it started. You are in the ruin next to me, if you know of any disabled bridge call me.
Neo - Have you missed the boat ??
Looking at the chart Analysis we can see that it is forming a triangle. If buyers break the trend line before the point is met, we will see NEO testing ATH again.
if it stays horizontal for the next few days we will see either a sell off or a breakout to $55.
Time will tell...
I still think it is a good long term buy this !!
Reversal looking likely here. Need confirming volume. The last few days large blocks have started coming in. The largest block out of all was 150k shares within a 3 minute time period.
Weak CHF across the board: Buying USD, AUD and GBP against it!Welcome to May 2017!
This can be a month to remember or a month to forget, I choose greatness and memory! My trades will rock and roll today!
I have had a buy since the 28th of April on USDCHF and now I am adding another CHF sell this time on AUDCHF. Price action is indicating a strong bullish push in the short run, my first target is the 37.5% MPI (Price: 0.75660) once price reaches the level I will then decide what I am going to do, i.e. compound, close-portion, close- all etc...
The pair has been in a long-term channel, which can be seen in the chart, its been there since mind 2015 and I still believe there is more room to go which will allow me to apply a trend trade to this pair and maximize the returns.
Thanks and Happy week and month!
Larsen & Toubro (LT) a buy on dips (Elliott Wave Analysis)In this article I'm doing Elliott Wave Analysis of LT .
As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct.
Currently 2 trading strategies can be employed :
1. Traders can buy on dips in the Red Zone around 1450 to 1430 keeping strict SL below 1380.
2. A less aggressive approach would be to buy on clear break of the important Resistance of 1520.
Once the market sits above that level it would be a clear validation of the counts.
Point of Invalidation lies below 1300
I will update further if need arises.
AUDUSD Bullish CypherHey Traders,
Hope all is well, Not much on the radar this morning, Just have this cypher on AUDUSD and then I also took a short structure trade on EURGBP. The market has been putting in some violent swings so make sure that you are adjusting properly for that. ME personally I like using something dynamic for my stops like fibonacci extensions, ATR's pivot points etc.. That way you are still using an objective way of looking at the market but at the same time taking into consideration the increase in volatility.
As you know, stops below X (the starting point all the way to the left bottom) targets at the 38.2 and 61.8 of the CD completion.
Like always if you have any questions, feel free to comment below !
Bitcoin Buy OpportunityNow that Bitcoin has had what some believe to be a long overdue correction from the summer's rally, I'm back to looking for long opportunities. The price fell sharply on news that Bitfinex, one of the top exchanges, had been compromised, however, buyers were quick to come in and buy up coins below $500.
Between the buying interest demonstrated near the current prices and the anticipated supply crunch from the recently halved inflation rate, this looks to be a good time to start buying again. I suspect prices will dip once again to test the support here, so scattering bids below current prices with a stop beyond the previous low is a good way to build a position.
Other news to watch out for is the ongoing block size debate, but barring something catastrophic happening to the network I don't see foresee anything that should affect prices negatively too much.
GBPAUD: Buying Opportunity (H1)Hi Trader,
Thanks for checking out this trade idea. I appreciate the thumbs up!
Here we have a valid 2618 trade setup on the Pound/Aussie. See chart for entry and exit points.
As I have noted on the chart this is a double bottom, I am therefore looking for a pullback to the 61.8% for a buying opportunity. I trade the 2618 aggressively, as such my orders are already placed. Remember, trade your plan, and if you don't have one, fix that today :).
Wishing you good trading,
Luke