Bitcoin Analysis [UPDATE 29-04-2018]BTCUSD is still in an uptrend!
There is absolutely NO reason to be shorting the Bitcoin now. All the momentum is with the bulls and with the lastest breakout to the upside, further confirms this stance.
BTCUSD had been consolidating nicely between the $9,700 and $8,600 and forming a tight squeeze along the upper trend line. This is essentially a pattern within a pattern and another bullish signal.
As the breakout has now occurred, initial projected targets would see Bitcoin move towards the $10,400 level! However, as alluded to in my last post, there is a bigger timeframe target ahead at $10,800 so there is every chance that we could see increased volume and smash straight through to a new 2 month high!
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Chart-pattern
New Triangle and Death Cross Spotted for poor little LitecoinFriends, critics, foes. A few days ago I made the prediction that little litecoin would break out of that first purple triangle you are seeing here on my charts. That it did. I was confident that it would go up rapidly. Not so much. Here's what I missed and why litecoin is baulking a bit at this upwards move.
I knew the 200dma was ahead, however, because I am not an elite "PRO" member here on TV, I was not permitted to also have the 50dma indicator (a basic member restriction) on my chart. It was not until I changed my MA time frame that I noticed the 50dma exactly where the 200dma was ...and crossing! When a downward 50ma crosses and upward 200ma, this is known as the "Death Cross", a bearish indicator.
Additionally, I was observing that other analysist had been drawing another triangle on their charts. This one with a higher top than my first. I have drawn this new triangle on my chart. Notice how it also intersects exactly at the point of the Death Cross. I don't think I have to tell you that this is not a good sign.
I know that I was fairly bullish in my previous post. And I had good reason to be. I did make good money on this trade, however, I am redacting my previous statement regarding holding for the long term as I am now doubting whether or not this is the longer term bottom. I am also lowering my sell target to between $140-$150 with these newly discovered indicators. I do plan on selling in this range.
I will not become bullish again until we both break above this second triangle AND cross over at least one (preferrably both) of these significant moving averages.
Stay safe. Peace and happy trading my crypto friends.
In T-3 days Litecoin will blast off!
Ok my crypto trading friends, you know that I don't post often here. But when I do something big is around the corner. This time is no different. In less than 3 days, I am predicting that little brother Litecoin is going to start his rockets and lift off. I don't make these calls often. In fact, I don't really like reading these ideas on TV because it seems so many noobs just like to post a chart and call for the moon. So this makes me somewhat of a hypocrite now that I am posting this. And I realize this. But I think you all should know that something big is right around the corner for our little brother. But sometimes rockets blow up. In other words, I could be wrong. If I am, we'll drop like a rock. I don't think that will happen.
Either way, I don't think I'll be trading this one. I've bought here and I'll hold for a long time now. If you are looking to trade, your first target should be $161-172. Above that $219. Higher than that is $258.
Peace and happy trading my crypto friends.
AUDUSD Bullish :DLook Chart :D
respect the rules --> Profitable trader
Do not follow the rules --> You can cry
Do not try to take a position without analysis. No revenge.
100% accuracy bullshit if you have enough to move the market with the big whales.
Real accuracy IF RESPECT THE RULES 50% to 90% but minimum 50%.
My opinion.
Key ? PATIENCE AND DISCPLINE.
Stop paying signal/account management.
Learn ! Learn ! Learn !
Thank you :D
EURJPY Bearish :DLook Chart :D
respect the rules --> Profitable trader
Do not follow the rules --> You can cry
Do not try to take a position without analysis. No revenge.
100% accuracy bullshit if you have enough to move the market with the big whales.
Real accuracy IF RESPECT THE RULES 50% to 90% but minimum 50%.
My opinion.
Key ? PATIENCE AND DISCPLINE.
Stop paying signal/account management.
Learn ! Learn ! Learn !
Thank you :D
LTC/BTC, Clear Pennant Spotted 75% Profit.Hey Everyone!
I am back with another Idea/chart.
This time on LTC because i have spotted a Pennat.
Everything you see is on a chart, I will update but I am in a hurry now, but I have found some time to take a fast look.
It also really depends on the Futures.
Thanks.
Bitcoin - Bullish Three Dive (confirmed) back to ATHHello, following bitcoins way back up from recent downtrends. Bitcoin was headed for a long correction after ATH, due to chinese and koreans it procedes faster than expected.
Still it followed the bullish three dive pattern, which will reach its goal soon enough.
Here you see the typical bullish three dive which is confirmed by following the downwards trend canal and as you can see, point A is a ~62% retracement from the first fall confirming the Bullish Three dive. Also the 1,27 diameter between , and are beeing hit!
The only rule thats not hit is that dive 3 is not as long as dive 2 since it should have hit 11k by about right now. (taking 4 day dive). Finding some support on high dives i think this rule can be neglected, but please judge for yourself!
I expect BTC to hit the fib support level of 12.000$ over the weekend and then either slow down a bit (and even fall to 11k for a short time) or go straight for following the pattern back to its recent ATH!! Best time to buy from 12000-11000.
Stoch RSI, RSI and MACD confirm still the short downtrend.
XVG/BTC Pennant Spotted! At least 90% Profit!Hey everyone!
Another idea, hope you like it!
After looking at the graph and setting it up I have spotted a Pennant and tried to make it as simple as possible, well hope that much arrows wont confuse you!
A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at the initial stock movement, followed by weaker volume in the pennant section, and growth in volume at the breakout.
Buy - right now is a good entry level (973 Satoshi)
Target - at least 1860 Satoshi
Stop Loss - 552 Satoshi
If you agree or dissagree comment bellow!
Invest Only Money That You Can Afford To Lose! I do not own magic Crypto ball that tells me where to Crypto will head! (fAt least not now)
If this graph gets a little attention I will update!
Thanks!
IOTA Ascending Triangle Idea, 50% profit.Hey everyone!
This is my second Idea/Chart, hope you like it!
I spotted another Ascending Triangle and tried to make it as simple as possible.
Buy - 3,54 is a good entry level
Target 1 - 5 $
Target 2 - 7 $
Stop loss under 3$.
If you agree or dissagree comment bellow!
If it gets a little attention I will update!
Thanks!
Monero Ascending Triangle Idea, at least 30% profit. Another Idea/Chart, hope you like it!
Monero, a coin that have a really strong potential. This coin is literally untraceable.
Safe investment.
I spotted another Ascending Triangle and tried to make it as simple as possible.
Buy - 354 is a good entry level
Target - 480$
Stop loss under 310$, very, very unlikely.
If you agree or dissagree, please comment bellow!
If it gets a little attention I will update!
Thanks!
SRNE Completing it HEAD and SHOULDER formation"? Or at least one of the shoulder points. HIgher Highs expected soon - lets see what the market does.
Extended 3rd wave? Doubt it, but we can expect some consolidation before it erupts into new territory after some time in the low $2.00
ETHUSD - Ether on its way to 650$Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it another try. After all, it's not to late for some beginner's luck.
Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly increased volume is the confirmation I've been waiting for for quite some time. MACD gaining momentum strengthens the pattern further. Nothing more to say here.
Despite being not sure about the future of Bitcoin, I am pretty sure about the future of Ethereum. I really do think it's here to stay. In contrast to Bitcoin, Ethereum has one huge advantage: utility for the "normal" economy and companies. And after all, those people have a whole lot more money than the current crypto community.
Disclaimer: This is no investment advice and I'm by far not an expert. You should not buy, sell or do anything else just because of my analysis.
I'm glad for your feedback.
Bitcoin cash fractal symmetryBCH seems to be repeating a pattern I noticed in many different cryptos, first and foremost of course in bitcoin itself.
I think this is how it will play out more or less. It is very unlikely that BCH will rally from here directly to new all time highs. More likely, it will rise step-wise and then make a plateau.
Bitcoin did this in November 2015, when it started rising from the low 200's, after the long bearemarket. The plateau was at 500-600. We will probably see a very similar structure with BCH.
Good profit taking points are the resistance linkes I drew, I expect pullbacks at these levels, however, not very big pullbacks.