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BTC destroys the hopes of holders?I did not publish the ideas for a while, because the market situation needed clarification. And now the situation does not look good: 1. Divergence on the 4H chart 2. Bearish flag 3. Bearish flag fixed to the trend line (see the comment with the image of the daily chart) 4. Possible head and shoulders pattern 5. This movement is corrective because it has many overlaps, which may mean a further decrease 6. According to the Wyckoff method, the next price movement can be the C phase Enter ~ 6550 - 6600 Stop ~ 6710 Target ~ 6250
BITFINEX:BTCUSD
by chorny.capital
3
Btc AnalysisBTC has now crossed my 1st resistance line and is heading toward the 2nd resistance line. This 2nd resistance line has been a problem on multiple occasions (june 20, july 8, Aug 25, Sep 2). At this point I don't see the volume needed to break through. I'm looking for 6000 + daily volume to crack this resistance line. At this point we are at 4600 volume. With 4 hours left in today's candle it's going to be a close call to break that 6000+ volume. Overall i'm still happy with the upward pattern inside my two orange support/resistance lines. It looks like we are coming close to a break out of the 2nd resistance its just a matter of when.
BITSTAMP:BTCUSD
by Chartmaster1
Many signs on Euro/Australian Dollar Good Sunday Traders, we are looking at the Euro vs. the Australian Dollar on the daily chart. I really like this trading idea and entered a short since 20th July. So why do I think that the EUR/AUD pair will fall at least to the neck of the right shoulder ? First we see clearly the head and shoulders pattern with a little bit higher right shoulder against the left one. Anyways i think as we go higher in timeframes patterns like the head and shoulders are more valuable than in lower frames like 15min charts. Putting out my fibonacci retracement and looking at the last swing high (right shoulder) the daily candles did not close above the 61.8 level, which also forms a low support / resistance line. Combined with the 61.8 level, its a powerful line and as we saw on Friday evening price rejected from it downwards, broke out of the last daily candles consolidation and should move a lot more lower... Wishing all of you a great Trading Week.
Short
by darian_fx
A war of Faith -- BTCHere I go at length discussing training channels. Especially flattened trading channels. It is important to note that sideways action is important - at least as important as the uptrends and downtrends. In my last video I show a "support cloud" and a "resistance cloud" (Those are my terms, I've never seen anyone else use them) and they are built by sideways trading channels. Here I get into that idea a little bit more and try and explain why historical data shows me they are important. It also may help explain why I think we are in one for the time being. I hope you learn something, and thanks for your time!
COINBASE:BTCUSD
by blessmywork
11
Litecoin Entering $110-160 Buy Zone! Litecoin has entered our buy zone! After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go? Up or down? Almost all signs indicate that we will go up from here: 1) MACD oversold 2) RSI oversold 3) Nearing 200MA 4) Nearing base of triangle 5) Nearing long trending support (green TL) which is currently intersecting with 200MA 6) Over an 80% correction from our highs. Cast your buy ladders here over the next several days. Anywhere from $110 to $160 is a great zone to dollar cost average yourself in. This is why we traders always try to have some cash on hand folks. The discount window is open. Now back your trucks up and get loading!
COINBASE:LTCUSD
by stewdamus
XRP/BTC, Whats Going On And How To Profit From This Situation.Hey Everyone! I am Back with a Technical Analysis on XRP - Ripple as I hold some of it . My last graph had some sucess, so here is another one, its actually about the same as TRX so wasnt so hard, but still its kinda different. Today was a hard day for the cryptocurrency market, but no worries! Its just a great sale! For real, every January this market DIP happens :). So I told myself, I will do an Analysis on what is actually going on, I hopefully made it simple so anyone can understand it, learn something and find a good position! I really like thing that XRP is doing , I am definitely holding. It had huge breakout.. I had fallen from its ATH, but this is Actually really healthy! Almost perfect FIBB 61,8% retracement. Back in the Chart. We can see a Falling Wedge that has formed. "The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout. The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns." So we Have 3 ways, 3 posibilities, 3 scenarios. Green. First of all the Positive one, I am way bullish on this one. Classic ABCDE Breakout, approx. 135%, XRP has a strong name and great usability.. Cyan. The Boring One. It will just bounce from its support and form a channel. Can fall under support or break the channel resistance, but it will take some time, the breakout will happen for sure in some time. Red. The Nigtmare. Bad Volume . Big sell walls. Panic. We are Under the first support line. From there it will fall to second one, and stay in that channel for some time.. Could go down, Could go lower.. Very Unlikely to happen, I didnt really wanted to include this one but one never knows! What more to say? Good Luck With Your Trading. Hope my analysis helped you a bit with your decision with XRP Ripple, consider leaving a Thumbs Up I really Aprreciate it :) If you have any questions feel free to ask in comments bellow, I am answering to every one of them. Thanks! *Nothing Important If you are not from Slovakia or Czech republic* In short if you are curios what I am talking about, I am doing PPT presentation for anyone interessted but for now, only in my Mother language. For People In My Country - Budem robit Powerpointovu prezentaciu o Kryptomenach v Bratislave vo februari nakolko ma par ludi kontaktovalo ci by som bol ochotný nieco takéto urobit. Prezentácia bude obsahovat nasledujuce body - Co je to Bitcoin, ako ho nakupit a ako s nim obchodovat a kde s ním obchodovat, a co su kryptomeny ako take. Ako si zostavit vlastny graf. Budem rozoberat rozne ukazovatele - RSI, FIBB, VOLUME, EMA, CANDLESTICKY, SUPPORT, RESSIST, TREND LINE a mnoho dalsich potrebných ukazovatelov. Vyjadrim sa ku altcoinom do ktorych som ja investoval, co maju na plane a preco som si vybral prave ich. Taktiez budem rozoberat kedy sa oplati investovat a kedy urcite nie, co sa deje ked mena dosiahne ATH, kedy uzavriet poziciu a podobne zalezitosti.. nakoniec este bude cas aj na nejake otazky ak budu.. Vítaní su aj ludia z Ciech ak by bol záujem. Vstupne je 150 euro. Myslim, ze tieto informacie maju aj vyssiu cenu, nakolko som tam nad premarnil neurekom bezsennych noci, citanim literatury pozeranim roznych videa a analytickych postupov po Anglicky. V prípade záujmu píste sukromnu spravu tu na Tradingu. Dakujem.
by TiborVrbovsky
32
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start. This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area. The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
BITFINEX:ETHUSDLong
by SebastianofMoon
2
Syscoin The Hidden Gem 2018: HUGE OPPORTUNITY"The Most Undervalued Project in the Crypto World (Not for Long)" "As compared to many other crypto projects, Syscoin with its $400 million market cap is incredibly undervalued as of today. Due to a long list of recent and upcoming events, such as the recent fund of 3.3 million dollars, Blockchain Foundry’s 2018 IPO, industry-shaking new innovations, breakthrough in transfer speeds, rebranding and marketing campaign; it is just a matter of months that this project gets incredible attention and catches up with most of the highly valued ones in the crypto space. Once this happens, a $10 billion market cap (25x projected price appreciation) will be just the beginning in the mid-term." by Steven Voros Check him out: medium.com Other interesting contributions to Syscoin: Syscoin -The Hidden Gem Of 2018 medium.com Syscoin @syscoin Twitter twitter.com
Long
by E-55
2
LTCUSD AnalysisCryptoPhiles! Hope all is well, After a massive run up stemming from an influx of volume on the 6th of November to a large spike on the 8th of December (a massive $56-$358) LTC is seeing a much needed pullback to $211 where it has found support. It may double bottom her considering the bearish run we're in, and price action is also looking for support on the 50day SMA. If price breaks the 50 day SMA we may see a further pullback to the 100 day SMA around the region of previous resistance ($149 which is close to the big even of $150). However this would mean breaking out of the lower bollinger band which is unlikely. I feel a pull back to the 50 day SMA and lower bollinger band is coming, and this would also be a fantastic buying opportunity - one I will consider myself. I would just air on the side of caution and wait to see price strength confirmation on the 50 day and even a MACD cross (12 day EMA crossing the 26 day EMA) After finding this, with some nice volume it may test previous highs of $308 and $357 once more. I know this isn't my usual style of analysis but sometimes straight and to the point is good too.. Please comment below your opinions I would love to hear yours! Thanks
BITSTAMP:LTCUSD
by Mysterion94
8
XRP/USD HODLIts the day before Christmas and a vast majority of people will be taking their profits over the festive period - This in turn creates great opportunites for the long term buyers to get in at just under $1 before things really start taking off next year. On the 4h timeframe we are looking at our next support level of 0.87 for our downside target and depending on how the market reacts when it comes to this point, will determine the future direction. For everyone that bought around 0.87 just hodl tight for a few months. We could be in for a bumpy ride!
KRAKEN:XRPUSDLong
by ITMFOREX
USD/JPY - Possible Bearish Leg Ahead?As we head towards the middle of December we see that the USD/JPY is experiencing possible trend exhaustion as the last 8 hours of Friday's markets ended with a strong bearish dip. Keeping a close eye on everything JPY at the minute as it seems like the pair is creating some extremely interesting volatility. My overall bias is for the USD to lose strength against its opposing currency and our first target is sitting at 112.018. Safe trading!
Short
by ITMFOREX