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The Rise And Rise Of Bitcoin : Still Showing The Lion's Heart.#Bitcoin_Update Bitcoin is currently on a critical price level whether to decide to be in a bullish trend as it was or to see a correctional move. Currently the formation of the neutral triangle in the daily chart is a very critical one and even it makes harder to predict the following trend behavior unless we are done and see where the current candlestick close. The depicted area in red circle on this chart at around 11800$ is the main resistance line and would give us a good indication on our next outcome in the trade. - Indications on the various indicators of the trade are showing still a bullish sign for a further upward movement even though we need some correction whether it be a single Doji Candle stick or short term bearish candle sticks. - Volume is in a continuously growing mode which makes the trade still in bullish sentiment. MACD showing a bullish sign for further leg ups and RSI is also in a good bullish trend at around 65 which is showing that there is still a space for a growth. Conclusion My conclusion on this trend can't be confirmed until we close the current daily candle stick but I will try to put the scenario's that can occur with the short term on Bitcoin's trade. Scenario 1 : As I stated in my earlier ideas Bitcoin has been in an expanded flat correction and will start its reversal uptrend and it did surely did go up as I said it. On my first implication on the time where the correction ends Bitcoin just touched the 11K area of my 2 targets at that moment. After the failed impulsive wave Bitcoin once again reached my 11.6K target after a comparatively huge correction within a week. So I am still thinking Bitcoin would go further go upwards at this point and even though we still are not in a confirmed point I am thinking the most possible scenario to happen is that Bitcoin will further go towards my stated resistance levels on my previous call. - Scenario 2 : This is the second possible scenario to happen if my prediction didn't go as it is stated, which is a possible correctional move towards the 11k area first and if that test could further go down we might see the 10.6k area. But I am thinking this scenario's possibility to happen is very low seeing the trend at the current pattern formation. - Note that we are still in need for a confirmed breakout on the candle stick formation and we need some time for a confirmed move towards the trade. Expecting my Scenario 1 to happen in a high probability looking alert on the 2nd scenario too is a wise move. With Regards. @TogetherWeAccumulate Drop your LIKES if you agree with this idea. Drop your comments if you have any suggestions or argument on the idea. Besides help the community to grow by following the page. Thank You for your time. Stay Tuned and follow TogetherWeAccumulate on major social media platforms at TogetherWeAccumulate.
Long
by cryptotalk_et
Moving averages as great tool when used on shorter timeframes!Since MA's are usually a bit slow in showing the best entry and exit points its good to use them on shorter timeframes and see what story are they saying. In this example, it is quite clear how shorter MA's cross down longer MA's and confirms the bear trend and how shorter MA's then cross longer MA's on the upside and confirm the bull trend! MA's used here are: - 20 - 50 - 100 - 200 Hope you will use them wise and well! Do you see the confirmation for the upside that is most probably coming now since the 3rd breakout try is usually the successful one? We already had 2! ;-)
KRAKEN:BTCUSDEducation
by Samoto
Still Need for ConfirmationAlthough we have broken the resistance at 9650 I am still waiting for a valid confirmation. I am still not convinced that there is a reversal upwards. Volume is not enough to provide enough thrust to take off besides there is a divergence at 1 hour chart RSI which can still cause a stall in price which afterwards lead a devastating crash. Signals are still mixed. Disclaimer: This only reflects my self opinion therefore this is not a investment advice. You are responsible for your own actions.
BITFINEX:BTCUSD
by Eur0pa
1
#FET : Up to 350% Profits In The Mid Term.#Accumulatio_Recommendation Pair : #FET / #BTC Trading Platform : #Binance RSI : 43 TA Notes : - MACD : Looking bullish on the daily chart. - RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time. EMA : On the way to go below the price and if it can manage to be below the price it will be a good indication. - Volume : Already boosted by the past 4 hours showing a good momentum currently. - Candle Stick formation also looks bullish and will be a confirmation if it closes above the falling wedge as it is trading currently and currently forming a bullish engulfing candle stick. #Accumulation_Zone : 405 sats - 435 sats Distribution_Zone: 950 sats - 1020 sats Target 1 : 1350 sats Target 2 : 1689 sats Target 3 : 1876 sats Target 4 : 2195 sats Target 5 : 2411 sats Mid Term Targets Target 6 : 2600 sats Target 7 : 3008 sats Target 8 : 3588 sats+ STOPLOSS : Close below 875 sats Risk : High Capital Accumulation : 3% @TogetherWeAccumulate
Long
by cryptotalk_et
LTCUSD - Reached exactly my target! Next steps ahead?!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD. As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time! However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead. _______________________________________________________________________________________________________________________________________ Everybody who watched my SHORT analysis on LTCUSD should be happy now. I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level. Target will be the blue trend-line you see in my chart. _______________________________________________________________________________________________________________________________________ Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence! Great to see also this factor playing into the successful analysis and for an good LONG entry. _______________________________________________________________________________________________________________________________________ Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon! This is only educational and should not used to take action in markets! May all happiness and luck come to you friends! _______________________________________________________________________________________________________________________________________
BITFINEX:LTCUSDLong
by VincePrince
14
#LEND : Up to 100% Profits In The Mid Term.#Accumulatio_Recommendation Pair : #LEND / #BTC RSI : 40 TA Notes : - MACD : Looking bullish on the daily chart. - RSI : Looking bullish too for the short the short term being in a neutral postion form but going to move towards the overbought area in the mean time. 20] : Looking to go downwards but needs to get energy and become below the price level. - Volume : Looking fairly good by the past 2 days but needs some more energy to see a breakout for the short term. - Candle Stick formation also looks bullish and will be a confirmation if it closes above the falling wedge as it is trading currently. #Accumulation_Zone : 65 sats - 72 sats Distribution_Zone: Target 1 : 77 sats Target 2 : 83 sats Target 3 : 89 sats Target 4 : 95 sats Target 5 : 99 sats Mid Term Targets Target 6 : 109 sats Target 7 : 122 sats Target 8 : 140 sats+ STOPLOSS : Close below 57 sats Risk : High Capital Accumulation : 3% @TogetherWeAccumulate
LLong
by cryptotalk_et
1
The Reason Why it’s Safer to Trade against CompressionToo Risky to Sell EUR/CAD with this Supply Above? At any time frame, the EUR/CAD seems to be in bearish momentum. In the H1 chart, the price is in a downtrend of almost 300 pips. While yesterday a fresh supply was created by the price above. Most of this downtrend was a compression which meant that the price compressed down while picking up all the sell orders along the way. Compression indicates a powerless movement in the price. In other words, it seems the last downtrend of the price was powerless and it’s safer to look for a reversal signal and trade against the compression. Usually, a supply level is a great level for a sell position, but this supply is created after the price had already decreased about 250 pips and divergence has occurred between the MACD indicator and the price. So, instead, I will use this supply as a confirmation zone and not as a level of sell position to sell this supply as is too risky now. If the price will break out the supply, it will be a signal for reversal opportunity and we should look for a price action setup for a buy position. Breaking out the supply above will change the momentum in the H1 chart from bearish to bullish.
Long
by the5erstrading
1
#Bitcoin_Update : The Rise And Rise Of Bitcoin. [Critical.]#Bitcoin_Update As we predict on our previous Bitcoin Technical Analysis idea the candle with the green circle was the one which gives a very good insight on our trade and once again it breaks out after the stated candle stick closes above the major resistance area at around 10650 USD area. For now we are looking on a bullish sign on Bitcoin trading breaking out from the falling wedge formation which was created after the correctional ABC move. We need some more indications to be fully confident on this prediction but it looks like very bullish for the short term to test once again the next levels of resistance at around 11750 USD, 12257 USD, 12965 USD and 13868 USD price ranges. But we can't say we are already on a bull run unless other wise we passed and closed above the 61.8% fib level at around 12200 USD - 12450 USD area. - Even though the falling wedge breakout is a bullish indication we need to consider that we still needs a correction for a properly developing market. Besides the resistance levels are also might take some energy to break out by the bulls for the short run unless we got some more volume inputs in the market. - The circles are for denoting the strongest area's which will be giving us the next direction were Bitcoin is heading. - MACD and RSI looking good for the short run on favor of the bulls. - EMA looking to stay on the bulls side but needs some more energy. - Volume is not that much satisfactory though which might not make the trade to gain that much power. Note that this is not a confirmed prediction on the outcome of Bitcoin and we need some more time to conclude and make a confirmed call on this trade. -The tweet about the manipulation of Dollar by President Donald Trump seems a bullish maker though. But it still can't be considered as a very well manipulative news. Let's see the next 1 or 2 candles and additional indications and we will be at a point to confirm our positions. @TogetherWeAccumulate
COINBASE:BTCUSDLong
by cryptotalk_et
4
#BTT : Upto 100% Profits In The Mid Term.#Accumulatio_Recommendation Pair : #BTT / #BTC RSI : 46 TA Notes : - MACD : Crossing over for a bullish indication which is in favor of the bulls and making the trade to get a good momentum. - RSI : Is in a good position showing a bullish behavior too at a neutral position for a leg upward move for now. - EMA : Looking to go below the candle stick formed and seems to be going to be below the price in the short run for a bull indication in the short term. - Volume : Needs a good spike to see a good pump on #BTT but fairly in good shape by the past 2 days. Fundamentally Justin Sun is giving an announcement within 2 days which will likely boost BTTs positions in the short term. - Candle Stick formation also looks very bullish and if the current candle could manage to close above the resistance line in RED it will be a confirmed reversal bull trend for the short term. #Accumulation_Zone : 9 sats - 11 sats Distribution_Zone: Target 1 : 14 sats Target 2 : 16 sats Target 3 : 17 sats Target 4 : 19 sats Target 5 : 22 sats+ STOPLOSS : Close below 8 sats Risk : High Capital Accumulation : 5% @TogetherWeAccumulate
BLong
by cryptotalk_et