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Stellar’s (STRUSD) bear channelMarch 18, 2018 till present date is captured in this 4hr tf analysis for Stellar (STRUSD) with a bear channel currently active since ~April 28, 2018. The summary of this post is that no buying should occur until the bear channel gives way to bullish momentum that should see Stellar (STRUSD) breakout of the current bear channel. Failure to break out of the channel could see Stellar (STRUSD) test the bottom of the channel at ~0.1502. The width of the channel shown by the vertical blue arrow can be used to calculate the price level where Stellar (STRUSD) is expected to encounter a wall of sellers should price break above ~0.2231.
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by Coin_Analyst
Bitcoin Price Channel Idea - Where is the Bottom? Looking at the previous (2014) and recent (2017) bubble movements of Bitcoin, we can see three apparent price channels that dominate the cycles: 1) Base 2) Breakthrough 3) Pop Here the chart is logarithmic to linearize the growth rate (price channel), assuming the cycles are predominantly exponential. In the previous cycle we can see the Base price channel was broken and first Breakthrough price resistance was around 200. Later on, the Breakthrough channel ends as the price reaches to 1000 as second Breakthrough channel resistance, and we enter the downwards Pop channel. Pop channel ends when the price reaches to the first Breakthrough price resistance of 200, and we enter the next bubble's Base price channel. In the recent bubble, again Base price channel was broken and this time first Breakthrough price resistance was around 3500. Second Breakthrough resistance is around 5000. Lastly the Breakthrough channel ends as Bitcoin reaches 20000, and we are now in the Pop price channel. With these I will speculate and predict the real bottom range for Bitcoin as 3500-5000 and we will hit there around January 2019 - that will be the beginning of the next Base price channel. Furthermore, we can see that the recent Base price channel was broken (beginning of the Breakthrough channel) when the price reached to the previous all-time-high value of 200. By the same token, Bitcoin will enter Breakthrough channel when it reaches 20000 USD in July-August 2020. Aside from market cycles, the fundamentals are much different today than of the year 2014. Rate of adoption and visibility is increasing. Therefore I believe the idea I presented here is the worst case scenario. Thanks for reading - let me know what you think.
BITSTAMP:BTCUSDLong
by bidsitlov
1
Bullish bias for Ethereum (ETHUSD) using chart patternsThe 1hr tf chart of Ethereum (ETHUSD) as shown here captures the market action for Ethereum (ETHUSD) ever since price bottomed at ~ $511.64 on May 28, 2018. The pink line is derived as a vertical projection of the top line (red) of the bullish channel. Further break to the upside past target 2 as shown on the chart could see Ethereum (ETHUSD) target the upper region of the pink line at ~$736.80. Target 2 is based on price returning to the upper region of the current bullish channel and target 1 which is the most conservative is based on a vertical projection of the bear channel shown in blue. RSI (relative strength index) as shown here has a positive rising slope and therefore implies further upside Momentum for Ethereum (ETHUSD)
BITFINEX:ETHUSDLong
by Coin_Analyst
Cardano’s (ADABTC) resumption of bear channel: 4hr tfMy previous post for Cardano (ADABTC) can be found here: It was mentioned in the previous post that Cardano (ADABTC) had broken out of its bearish channel which therefore had possible bullish implications for Cardano (ADABTC). Possible points of entries (POE1 and POE2) were also given as price levels to enter a bullish trade to avoid picking price bottoms which can be very challenging. It was mentioned in the previous post that Cardano (ADABTC) had broken out of its bearish channel which therefore had possible bullish implications for Cardano (ADABTC). Possible points of entries (POE1 and POE2) were also given as price levels to enter a bullish trade to avoid picking price bottoms which can be very challenging. Cardano (ADABTC) completed a sideways move instead that was followed by more selling. The lines for the previous bearish channel have been adjusted to indicate the continuation of the bear channel for Cardano (ADABTC). Price action is currently close to the support region mentioned in the last post and a break below this region should see the selling continue for Cardano (ADABTC). Lines of the current bear channel have been extrapolated so that any break below the support region could see Cardano (ADABTC) target ~0.00001834 (bottom of the current bear channel). A breakout from the bearish channel implies potential resumption of bullish momentum in Cardano (ADABTC). Safer points of entry (POE) into a bullish trade are POE 1 and POE 2. POE2 is more conservative that POE1 POE1 in this case is ~ 0.00003040 and POE2 = ~0.00003247.
by Coin_Analyst
2
Ethereum (ETHUSD) bullish price channel update:4hr tfEthereum (ETHUSD) as mentioned in the last post collapsed to Support A instead of returning to a price target area between ~$858.46 and $885.75 to maintain its current bullish momentum. A break of the channel at ~$739.81 on May 10 does suggest a bearish bias for Ethereum. Price action on the other successfully testing Support A (~$685.23 and $646.08) indicates a bullish scenario for Ethereum. In order to avoid trying to pick the bottom and also waiting for the current move off of support A to indicate more bullish upside, it is best to wait for an area of consolidation in the current bullish move and then buy an upside breakout from the consolidation. It makes the picture of a bullish flag come to mind. Green arrows on the chart show a likely price trajectory for Ethereum (ETHUSD) for a long position. The least price target for Ethereum (ETHUSD) based on this bullish scenario is the previous high made of ~$820.00 on May 5, 2018. Failure of price to maintain its current move off of Support A could lead to price testing Support B and a break below that could send Ethereum (ETHUSD) back to the low $500’s
BITFINEX:ETHUSDLong
by Coin_Analyst
Cardano(ADABTC) bull to bear channel: 4hr tfCardano (ADABTC) broke out of its bullish channel and also moved past Support 1 as mentioned in the previous post given in the link below: Support 2 also given in the previous post is currently being tested and is shown in this post as the horizontal blue dotted lines between ~0.00003073 and 0.00002953. Cardano (ADABTC) breaking out of its previous bullish channel and also through Support 1 (previous post) does suggest a change of trend from bullish to bearish. A downtrend (bearish) channel is shown in the post to capture the price action of Cardano (ADABTC) from its previous high of ~0.00004069 till present. ~0.00002354 and 0.00002515 is the region that is expected to offer support if further selling ensues as the horizontal green lines (technical support) coincide with the bottom of the channel as extrapolated. A downtrend (bearish) channel is shown in the post to capture the price action of Cardano (ADABTC) from its previous high of ~0.00004069 till present. ~0.00002354 and 0.00002515 is the region that is expected to offer support if further selling ensues as the horizontal green lines (technical support) coincide with the bottom of the channel as extrapolated.
by Coin_Analyst
1
Cardano (ADABTC) testing the bottom of its bullish channelCardano’s (ADABTC) price action was capture in a bullish channel in my previous post which can be found here: Cardano (ADABTC) at the time of this post is testing the upper region of Support 1 at ~0.00003547, which also coincides with the bottom of the price channel. A break below the bottom of Support 1 could likely trigger a sell off to Support 2. Cardano (ADABTC) successfully holding the bottom of the channel could see price reach the new target area between ~0.00004782 and 0.00004639 The relative strength index (RSI) is also shown here for the 4hr tf and it currently has a negative slope with implies that it is better to be patient to see how price action transpires before initiating a long (buy) position. A possible point of entry (POE) as indicated on the chart is on a breakout above ~0.00003769. This ensures helps to avoid trying to pick the bottom in case of further downside momentum for Cardano (ADABTC).
by Coin_Analyst
Ethereum (ETHUSD) bullish price channel update: 4hr tfMy previous post on the bull channel for Ethereum (ETHUSD) can be found here. It was mentioned in the previous post that the next target for Ethereum (ETHUSD) to indicate a continuation of its current bullish momentum was ~ $737.36 and $763.47. Besides, Ethereum (ETHUSD) also reached Support 1 (~ 627.68 and $597.18 ) mentioned in the previous post before resuming the current bullish leg that has seen Ethereum (ETHUSD) advance towards $800. Due to price action breaking the previous trendline and reaching support 1 mentioned in the previous post, the channel boundaries have been redrawn again to reflect a valid bullish price channel for Ethereum (ETHUSD). The new target for Ethereum (ETHUSD) therefore is the upper region of the channel, which is ~ $818.71 and $839.68. Any retracement from the upper region of the channel would likely reach the bottom of the channel at ~$712.98 as indicated by the downward red arrow. A break below the bottom of the channel should find support A between ~$674.52 and $646.24. A lower support (i.e. support B between $623.62 and $597.60) on a break below support A is another region that Ethereum could possibly target on a break below its channel. A breakout above the upper line of the channel should be followed by a consolidation in the price of Ethereum (ETHUSD) before going long and/or adding to already established long positions. This ensures avoiding a possible fakeout breakout.
BITFINEX:ETHUSDLong
by Coin_Analyst
ADABTC (Cardano) price channel: 4hr tf analysisThe recent bullish action in Cardano (ADABTC) from ~0.00002389 on March 21, 2018 till present date is captured in this analysis using a price channel. Price move upwards thus appears limited as shown by the upward red arrow as the upper target of the channel is ~ 0.00004324. Any consideration of a long position (i.e. buy) would require patience for Cardano (ADABTC) to successfully test the bottom of its channel which in this case is ~0.00003617. A slight break below the channel should meet with Support 1 (i.e. between 0.00003547 and 0.00003380) or Support 2 (i.e. 0.00003088 and 0.00002953) as shown in the chart. A break below support 2 could result in price of Cardano (ADABTC) further declining. Alternatively, a breakout above the upper line of the channel followed by a consolidation in price = more upside momentum for Cardano (ADABTC).
by Coin_Analyst
Bitcoin 21 APR Update - Perfectly drawn Fib CirclesYou may be unfamiliar with how I draw those circles. It is my own brainchild and its hard to describe here (see related ideas) But, it worked like charm for the last month and so I continue to perfect it. Basically, what to understand from it: The price will move within on of the inner/outer circles. The high point of each circle = resistance ; now it's $9066 The low point of each circle = support ; now it's $8350 See that big RED ARC below? That is part of a circle that started in January and where the January dip resides. That is a MAJOR support now. BUT, if we close below it, it can become major resistance which will become harder to breach. So far we've been trailing the above the RED ARC, but we need to close ABOVE GREY ARC for a decent bull confirmation. Based on that I would talk about a long position... BUT Watch the news for "FOMO" or "FUD". There seems to be some wikileaks scandal in the making as I'm posting this chart. This and the grey circle not being breached, puts me in a neutral positions towards BTC
COINBASE:BTCUSD
by reynar
S&P (ES) channelThe SPX has been a bit range bound between 2660 and 2780 for a couple of weeks. We've developed a clear up channel inside of what's still technically a down move, from the Jan highs. It's still not clear if the market will recover and resume the previous uptrend or roll back over. In the current channel, we are close to an inflection point. Breaking below the channel support of roughly 2717 would indicate a rollerover and continuation of the down move started in late Jan. Taking out the 3/19 low of 2697 would indicate a confirmation and move toward roughly 2490. Also, roughly 2400 is the support side of a long-term up channel that has developed in the SPX, dating back to October 2008. ----------- Bull scenario: the support of the developing channel holds around 2700. SPX price should then work it's way back to the upper side of the channel, to around 2860. A close above roughly 2790 would confirm this move. Until then, we are still range bound.
CME_MINI:ES1!
by kanemcgukin
BCHUSDI'm seeing yet another horizontal channel here in the intermediate term but you can clearly see high lowers on an up trending RSI. In addition we have a bullish ascending triangle with intersecting resistance lines and two failed attempts at breaking that resistance line. If we can break here my immediate target is a retest of 2950. Ive been trading in and out of BCH as the largest portion of my portfolio at this point in time. Current entry is ~2300 with the goal of selling either a 30% or 50% tranche of the position in the 2900 range. I'm expecting this retest to occur over the next 72 hours. I should be able to tell where I will want to re-enter the position depending on how it reacts at the 2950 resistance mark.
COINBASE:BCHUSDLong
by pablosayed
2
(FINALLY) A Live BTCUSD chart minus the auxillary indicators!I finally spat the dummy and just created a new chart layout without all the additional indicators displayed below the candlesticks. Now we have some clarity at last! If anyone has any idea how to publish an idea with displaying all indicators, please let me know! As we can see from channels, yesterday we broke below the upwards channel drawn between Wave 4 and Wave 5 on a 'cycle' EW timeframe. This wasn't maintained for long before a bounce back. I spent ~2/3 of my fiat account on various crypto's at this point - prepared for the price to not reach this low again, but also prepared to have some remaining funds for a further potential drop. We are nearing the end of an ABC correction no doubts about it. What remains to be seen is if we are now beginning Wave 5 in a EW supercycle, or if this rally is temporary - a 'primary' Wave B within a 'cycle' Wave C, with a final (primary and cycle) Wave C drop yet to come, which would complete the correction before the supercycle Wave 5 begins. In any case, my projection for bitcoin is $33,000 USD by March 2018. However, at this stage, this figure is a guestimate at best. I am constantly modifying my analyzes to account for the most recently available data. The red box drawn still accounts for all my predictions and speculations on BTCUSD since 29th December 2017. I still believe we will see price move to within this box, but most likely not lower than $11,000 USD - price is unlikely to move within the lower half of the red box. That being said, a foreseen future event often becomes a self-fulfilling prophecy - making it occur earlier than anticipated. We may well see this at play in the near future.
BITSTAMP:BTCUSD
by jjbb11
9