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Consolidation-breakout

BTC Getting Squeezed. I think we’re still in a downward trend but this triangle could squeeze BTC and make it pop out for a possible trend reversal. Elliot wave suggests we will complete the 5th wave in a downward movement to pop off of the $8K-8.5K level. Its a pivitol moment so worth continued dollar cost averaging while BTC is on sale. Let’s grab some more while we can. If we buy now, wait till we see it breakout and hook the trend line for “confirmation”. Or else we head back down to the 8K area.
COINBASE:BTCUSDLong
by skyroots
BTC finalizing consolidation faseWe can see here a Bullish falling wedge pattern on the BTCUSD pair. The 3 hour RSI has some more room to Grow, I see Bitcoin attempting to break resistance and fall back one more time. We are getting close to two strong support lines, the first one is holding since September '17. Sell Range: 11850 - 12400 Buy Range: 8600 - 9400 In case we fall below the buy zone, next support will be at 5600. But there we will face a big buying pressure, so I don't expect this to happen. But you'll never know. I could also be wrong.
BITSTAMP:BTCUSDShort
by cryptodemian
Waves TriangleWAVESBTC is inside a "huge" symmetrical but we can see a strong support at the 0.618 Fib level, it got support there 3 times, making a triple bottom. Because of that support we see a (Bull) Descending Triangle forming, normally this pattern indicates a drop in price (continuation of the fall) but since WAVESBTC made that triple bottom it should have "power" to break the "downtrend" line, thus meaning it could rise in price. Careful if it drops bellow the Yellow support! Its possible that it does another bounce then it "explodes" or one way or the other so wait for a breakout confirmation to start your positions! Trade safe!
by angel_lobs
4
XVGBTC - Consolidation for a few weeks + BreakoutVerge has been up and down over the past few weeks, thanks to bickering between their marketing team and McAfee. It's stabilized around 1000-1100 sats, and seems to be consolidating. 4HR chart indicates a convergence around 1/25. Looking for a bounce off of the 1050 long term support line today. Then we have to break short term resistance. Should see a slow rise to 1350-1450 around the 25th, peppered with a couple spikes. We could see it get back up to the 1700-1800 level. Resistance lines at 1400, 1600, and 1850 back to Christmas Eve. I'd bet on a breakout to 1800 by the 25th followed by a selloff to the 1400 level before stabilizing again around 1600. I'll update as we get closer.
XLong
by epaka
[LBC/BTC] Great long term hold!! %200-%300+ possible!! QUICK UPDATE; is looking bulish after a slight correction! RSI's are all positive. Cloud exit on 1D, has potential to breakout with this setup! Compare todays volume to the last run, and this alt looks super cyclical (alt life cycle) and its got huge potential. MacD shows a promising steady growth from hitting a low for so long. According to my analysis 200% profits is easily reachable. if you'd like to hold longer you can aim for 300% and more ++! You wait, you win. Patience is key. As always this is my trade opinion. Do your own research and never risk more then you can afford to loose! Feel free to ask me questions and or comment your thoughts and ideas.
Long
by Gibmoses
8
[RDD/BTC] - Cup & Handle! ~30%++ ProfitGood Morning everyone! here's another profitable trade if it plays out right. ** Cup and and handle is the most common and profitable pattern! Reddcoin looks pretty solid. It's had some crazy gains the past couple of days and now it appears to be building a cup and handle. RSI and MacD showing signs of a reversal, I'm assuming its forming a handle. This coins is worth watching for sure. As always this is my trade opinion and the strategy i am implementing for my trades. Do your own research and never risk more then you can afford to loose. Please feel free to ask me questions and or comment your thoughts and ideas. Thank you & Best of lucks! (:
Long
by Gibmoses
2