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Consolidaiton

BTCUSD - Trading between the Lines, Time to make a Decision. ____________________________________________________________________________________________________________________________________________ Hello traders investors and community, like many people talking about the next bull or bear phase I want to have a rational look on the things going on, as of talking, technically we are still in an overall big consolidation phase. As you can see in my chart we have this long long important support line just below us, this support line has its origins at the very beginnings of bitcoin in 2013. This support line needs to hold otherwise bitcoin will visit the bearish zone and go playing with the fishes, it will be a definite bearish signal when we cross this support line to the downside. What is the good thing right now is that we are in a neutral position where the potential for a possible bull continuation is given. On the other side, there is also a huge resistance which is marked in red in the chart and stands for a crucial step in turning bullish for bitcoin, this resistance is important to be broken when we consider the bullish scenario. Also we have the two trend-lines consolidating into each other, the support trend-line and the resistance trend-line, they are forming an ultimate "Decision Process End-Date" as you can see it marked with the blue vertical line in the chart and it is the 29th of November, until this date the definite decision will happen. What is with the halving cycle? The important halving cycle which I predicted in a previous forecast can technically still develop, we have the "Bitcoin Halving Date" on the 13th of May, after this date is possible for bitcoin to see a surge in price as seen after previous halving dates but remember until the price hasn't confirmed the huge crucial resistance above us as support bitcoin is still in a neutral consolidation phase and the potential to turning bearish again is given. The corona fears going on and the panic on the markets shouldn't be ignored, as for now, many countries increase the restrictions against the public. We have a confirmed recession in the US and the stock market is down. In this case, bitcoin can form an anticyclical market movement in the other direction but that has to be, as I already mentioned, confirmed in the structure and we saw the last days how fast bitcoin can turn bearish taken off by the corona fear sellings. In this manner "Success is not final; failure is not fatal: It is the courage to continue that counts." Information provided is only educational and should not used to be for market purposes. ____________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
20
EPS/USDT Big consolidation before big breakout? Let's seeEllipsis currently is within a big consolidation which is indicated by the violet lines. The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge. Daily chart on the left hand side: - We see the price consolidation into a very narrow range. - The RSI is hovering over the 50 line and it looks like gearing up for an upwards move. - The average trading volume is increasing and the next pump will likely be even bigger. 4h chart on the right hand side: - Wee see a strong consolidation for the RSI. - There is a golden cross from the 50 and 200MA indicated by the yellow camera. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ELong
by tumbler55
1
LONG - BAT - Trading OpportunityLooking like consolidation is about to be done, and rounded bottom looks almost completed, getting ready to rally towards next resistance Entry: 0.00002528 Target 1: 0.00002711 Target 2: 0.00002918 Target 2: 0.00003177 SL: 0.00002388 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Long
by ElMomento
LONG - PIVX - Trading OpportunityReally nice consolidation on the daily chart, volume/price spikes all around, this is ready to expand. Entry: 0.00003187 Target 1: 0.00003542 Target 2: 0.00003917 Target 3: 0.00004271 SL: 0.00002969 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
GBP/JPY: ANALYSISYou can see that the consolidation shows we are in a bullish behaviour however the descending wedge formation portrays that GBP/JPY has the potential to pattern out and perform a bearish move in order to keep supply and demand flowing. The bearish flag pattern has been identified as this correlates with the potential channel. I believe that the trend will create corrective waves towards structure levels as the potential target point is in line with the lower lows in which could be a signal to go long.
Short
by Exogenous