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BTCUSD We are at a critical point here as far as the near future of BTC. Underlying slightly increasing bottom and a decreasing tops for the last couple of months. Now we have 1 month of (sept 9 to oct 6) clearly raising bottoms and some raising tops. This is where it gets tricky we need more volume to break past that 61.8 fib level and hold. I'm thinking around the 8000-9000 volume for the candle to have enough strength to break upwards. I put a light blue horizontal line where I saw the first failure to break my 2nd resistance line. Now we are looking at the second attempt where my blue arrow is. The good news is this mini upward trend is still inside my golden support line lets see if it can continue the march upward!
BITSTAMP:BTCUSD
by Chartmaster1
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