For short , Bitcoin testing again the uptrend line at U$ 10800. Another short for bitcoin , at the up trend line in a Daily and 4h timeframe
Criptocurrency
Bitcoin / Update of forecast / end of horizontal correction My last forecast was wrong. I think that BTC has just completed horizontal correction (3,3,5)
Bitcoin, probable LONG To tell the truth I didn't expect that bitcoin will begin form triangle , however all current facts point out that this is possible development of situation.
ETH will rise faster then BTC The Eliot analysis point out that the reverse of ETH relatively to BTC will be soon because at the moment we are in last 5 wave of wave C. That fact that fifth final wave is triangle might be explained through existing very strong price level which is mirror and confirmed by 4 false breakouts. Besides if there is a triangle at the end of trend it means that sharp reverse moving will be and I think that we will see this moving of ETH when it gonna to reach 400 or 500 USD.
ETH price forecast ETH have great chances to reach 500 USD and above if to believe in Elliot analysis ;)))
ETH Wave analysis All waves meet basic rules of Elliot analysis. As price chart display there is double stretching of third wave of the biggest order (green). In this green third wave there is yellow third wave which is also stretch. So on balance at the moment we are in fifth wave of stretch yellow wave.
NEO/USD - POSITION TRADEHi, today we are going to talk about NEO!
In this chart, we observe an excellent opportunity of buying in the long term (Time Frame: W1). Details are highlighted above.
Thanks for reading, and have good trades.
ATOM, strong short to base price.So, what we see there ... new crypto on Kraken. So young, exactly we have only one interesting price on x-lines indicator. Seller do first money on none proffesional buyers. Price will go down and stop only we find better price for big volue purcheses. Like you can see there is some volume in the past after wich price still go down so it was sellers.
Strong short to strong volumes.
Btc - uptrend channelGood night traders,
Btc is trading on an upside channel on our H4 timeframe (left) and after the strong dump yesterday it has respected once more the bottom of the channal.
On our weekly tf (right) we have 3 dojis in a row showing strong indecision right now.
The idea here is to take advantage for the price when its on the bottom and top of the channel until we have a clear breakout with reasonable volume.
The only thing concerning me so far is the low buying pressure after the yesterdays dump but since the price respected the uptrend i guess we might see some improvement next week, i dont look at weekend volumes since they are tricky and low.
Interesting levels:
First support level = 5140 USD
Second support level = 4800 USD
First resistance level = 5450 USD
Have a good weekend everyone!
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BTCUSD market technical outlook, 24.04.2019Daily chart:
Another attempt of bulls to post a new high has ended up with signal from RSI oscillator of bearish divergence forming, that is one of indirect attributes of probable downward reversal of the trend.
Thus the psychological mark of $6000 for a coin remains too distant to reckon on it shortly. More likely scenario now is development of downward wave towards the middle Bollinger bands ($5189) first and then towards the lower band (4869).
H4-chart:
Local downward wave will definitely meet strong support at PPZ 5400-5401 (the region of merging with middle Bollinger band). But it looks like bulls don’t have good prospects now, therefore it’s better to consider upward pullback from the seeking of new short-signals point of view.
H1-chart:
Intraday we note an extra strong signal of decline continuation - it’s break of the lower Bollinger band, that as a rule is being executed through prior pullback towards the middle Bollinger band ($5573 for a coin).
Expectations:
Main scenario: Pullback to the 5573 zone and then decline in direction 5401.
Alternative scenario: Decline towards 5401 from current levels and then pullback to the 5573 level.
Trading recommendations:
Shorts from the 5573 level.
Longs from the 5401 level towards 5573.
BTCUSD market technical outlook at April 23, 2019Daily chart:
As we see upward forecast proves itself entirely and so far there is a feeling, that everything just begins - ADX and RSI indicators reside in the state of strong trend, therefore new upward momentum can be very volatile!
The closest target of bulls seems to be the marks of $5800, $5900, $6000 for a coin. Profit capture may take place at the 6000 mark, that will force market to roll down again.
H4-chart:
Upper Bollinger band is broken being a traditional attribute of the quotes’ growth continuation. Given very active state of ADX indicator we can suppose, that this growth will continue directly from current levels. But movement with prior retest of the broken PPZ 5435 would look smoother (watch the trajectory of black arrow).
H1-chart:
Intraday RSI oscillator shows substantial overbought conditions, that also can be the reason of downward correction in direction of the 5435 level. Thus this mark is the most attractive price to buy bitcoin shortly with count on growth towards 6000.
Expectations:
Main scenario: Pullback towards 5435 and then start of new upward movement in direction 6000.
Alternative scenario: Direct continuation of growth from current levels. The target is 6000.
Trading recommendations:
Longs towards 6000 (optimal entry point is 5435).
Bitcoin Short Term Selling Oppertunity - 4HOUR (240)Classic Gartley 222 pattern is about to complete.
Market is at a well respected level of structure in the past.
Short SELL Opportunity at pattern completion.
Reward/Risk = 2.45
BTC - Wait for a better long opportunityGood night everyone,
BTCUSD is now showing some weakness after that huge breakout rally, the buying volume pressure is slowing down and the selling volume is slowly increasing.
We have a bearish divergence on RSI and now price is standing on 5000 psichologic level.
Btc can sure just breakout and moon anytime, but its to risky to buy it right now , the best opportunity are on the demarcated support levels that can hold some correction, should btc show bullish signals on the support zone then we can buy it aiming 5900 resistance level and further.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BITCOIN - Overview and opportunitiesGood evening traders, overview on BTC.
H4: The coin is on short term uptrend as we can see on left chart, we have an already confirmed uptrend (3 touches) e therefore we can search for buy oportunities if the price go there again, wait for rejection and then buy.
: Im using LOG CHART and then we can see there is a downtrend confirmed by 3 touches and now we broke it upside, now the price is re-testing it again and so far rejecting it, good bull signal.
Daily: We had a clear bull trap above 200 sma that for sure killed some bears stop losses and triggered some early bulls into the market, now this moving average is our current resistance level for aim 6000~6400 level.
So now, whats the plan?
For selling: Wait another test and rejection on the daily 200 SMA.
Buying: Wait anothe test and rejection on our H4 uptrend.
Interesting levels to watch:
1th support level: 4800 usd
Current resistance: 5370 usd (200 sma daily)
Potential upside target: 6000 and 6400 usd. (Medium term)
Enjoy it? Leave a like!
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
BTCUSD market technical outlook at April 18, 2019Daily chart:
Bitcoin continues moderate growth in direction of the mid-term target of $5719 for a coin (upper Bollinger band). Correcting ADX interferes with more active trading so far.
H4-chart:
We note important local levels of support and resistance at middle (5149) and upper (5322) Bollinger bands. Given active ADX there is a probability of upward break.
Intraday session goes on the back of ADX indicator correction, that is inherent to flat market. It’s unlikely, that price can leave the boundaries of Bollinger bands (5197-5274).
Expectations:
Flat in the 5197-5288 range.
Trading recommendations:
Trading in the 5197-5288 channel.
BTCUSD market technical April 17, 2019Daily chart:
Bitcoin keeps two tendencies simultaneously. Overall - mid-term growth in direction of the upper Bollinger band ($5719 for a coin). Local - accumulation of potential before probable further growth. This is indicated by correction of ADX, that corresponds to absence of trending potential for impulse movement.
Thus trading tactics may be seeking for long signals at short-term declines.
H4-chart:
Local ADX shows growth, that tells about big forecast importance of the resistance 5250 at upper Bollinger band. While this barrier is unbroken, market will stay within the range of upper Bollinger bands (5106-5250). And break higher would be an important trigger for the launch of a new upward rally.
H1-chart:
Intraday it’s noteworthy, that the coin has settled above PPZ 5170, that allows bulls to accumulate purchase volume in direction of the upper Bollinger band (5310). At the same time here an activity of ADX indicator is absent as well.
Expectations:
Main scenario: Flat at the 5170-5200 area.
Alternative scenario: Growth in direction 5310.
Trading recommendations:
Longs from the 5170 level in direction 5310.
BTCUSD market technical April 16, 2019Daily chart:
As we see, from one hand bitcoin keeps mid-term upward potential in direction of the 5719 mark at upper Bollinger band, but from the other hand ADX indicator experiences corrective stage, that indicates an absence of trending pressure. Thus most likely gaining of volumes on current levels will be continued, that may look like flat.
H4-chart:
Market doesn’t change the borders of horizontal channel of accumulation so far and stays within Bollinger bands ($4994-5168 for a coin).
H1-chart:
Intraday bitcoin remains in an upward phase of the movement, that supposedly will be completed at the area of dynamic resistance $5158-5168 (upper Bollinger band). Thus we can consider long-trades in direction of this zone and then taking profit and selling.
Expectations:
Growth in direction 5158-5168 and then downward reversal in direction 5000.
Trading recommendations:
Longs towards 5158-5168.
Shorts from the 5158-5168 zone towards 5000.
"Top and Bottom Analysis" EOS/USD by ThinkingAnts4H CHART EXPLANATION:
The main Items are:
-12345 Elliot Count completed
-Bearish Divergence on MACD between wave 3 and 5
-Bearish Flag Pattern
Based on this, if price Breaks out the Bearish Flag Pattern and the Ascending Trend line at 5.140, we expect Down movement towards the support zone at 4.5500,0 paying atenttion to the middle support zone at 4.8900.
Updates coming soon!
MULTI TIMEFRAME VISION:
-Weekly
-Daily
