ETH BIG PICTURE We are in a long-term bearish channel, where a price recovery force and continuation of an upward trend was evidenced in the price level of 569 $, explained by the high volume and the exhaustion of the selling force. While this is happening and the price continues to recover, we will see a correction of at least 61% ($ 715) before following the bullish path. We must remember that the analysis is still tied to the movement of the BTC, which drags the other currencies of the market, our recommendation is to enter long at the time of a break above the channel.
TP1: 1106 $ (WE WILL EXPERIENCE ALSO VOLATILITY)
TP2: 1370$
Criptocurrency
BTC - Its time to moveGood evening everyone,
So btc have failed to breakout the daily trendline from his ATH on december and now we're experimenting some correction.
Looking at the 1h chart we can see btc going down inside a channel, and a failed attempt to break the 10400 price, which currently the 50 AND 200 4h EMA which are acting now as a resistance.
After the failed attempt BTC moved with some strenght down, a supply bar with volume, followed up by green bars with low volume, which MIGHT mean we are in lack of demand and therefore, we might retest some lowers values.
ADX indicator shows that we are losing momentum and MACD is about to cross to the downside.
ON THE OTHER HAND (less likely on my opinion, but we need to keep a closer look dont we?), Btc might try to break the channel upsides again and if it manages to do it, BTC should break the 10460 level resistance and then retest the daily trendline (pink one) around 11100 usd.
For now i'll just wait in FIAT, in a conservative way we should only reopen long positions if we manages to break up the 11100 level on the daily chart, if btc remains bearish we should open long positions on dips based on reversal signs.
For a scalper point of view, if we break the 10460 level, we can enter long positions targeting the pink trendline.
This is just an educational point of view and not a trading signal at all.
Everyone is welcome to share thoughts.
XRP - 2018 - Great opportunity!!Simple and straightforward. Great opportunity and risk return to 2018 on xrp.
After a long period of accumulation of more than 200 days in the symmetrical triangle, the xrp fired starting its high cycle. We are at the end of a correction, with a break in the downtrend line announced by the volume on the daily chart and a clear upturn of the buying power by the RSI. What forces the theory of waves of this active.
Despite the great influence of btc we must remember that xrp has different technologies and partnerships and can easily follow its path in 2018 despite btc variations. It is clear from the great potential for growth that still exists in that currency.
I do not much like the centralization it brings as a proposal, but I can not deny the great trade opportunity we are seeing. Aside from the fact that xrp's partnerships bring an immense contribution of capitalization to it (banks, and many), which clearly makes this scenario possible, which can bring more investors to this asset and exponentially increase its price.
"xrp to the moon" has just begun! I do not even need to say I'm already inside.
1st target = 300%
2nd target = 936% (that's right, 936%.)
Good trades to all!
LINK/BTC analysis prior BitcoinSuperConference
The 4h chart of ChainLink is forming a cup and handle .On breaching the handle upwards an upward movement may be expected to the major resistance marked by the pink line .
A divergence is observed within the vertical dotted lines denoting the slowing momentum .
The CCI pullback rebounded from the -100 level which may be considered as an evidence of continuing of short term current momentum.
The MACD is converging to form a buy signal.
What are your views?
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Ripple (XRP): it's only an healthy correction. Still bullish.Ripple is still undergoing a corrective a,b,c,d,e triangle.
Waves a, b, c and d could have been done. Now price should drop to complete wave e. It could be a perfect entry point.
Once the five waves will be completed Ripple should start again to growing vertically, exactly as it did during the previous waves.Minimum target 4.05 - 4.40 USD.
Just wait and let's see if this waves count is correct. If not, it could take a little beat longer to complete the correction, but the target remain the same.
Bitcoin - strong bearish movementI belive chaos in the BTC if it breaks the support of the base of the H&S, either the journal or the h4 / h1.
The target of 11,700 is already close, there is no bullish movement we will seek the 10,500, 9,300, 8,700 and with the panic installed the band between the 7,500 and the support of the 4,900.
There are 4 bearish signs :
. Stochastic
. RSI
. StochasticRSI
. MACD
----------------------------
Eu acredito no caos no BTC se quebrar o suporte da base do H & S, seja o jornal ou o h4 / h1.
O objetivo de 11.700 já está próximo, não há movimento otimista, buscaremos os 10.500, 9.300, 8.700 e com o pânico instalado a faixa entre os 7.500 e o suporte dos 4.900.
São 4 os sinais de venda:
. Stochastic
. RSI
. StochasticRSI
. MACD
Bitcoin - The Unstoppable (New Tendency Line?)I'm surprised of how speculation around Bitcoin can go against any technical analysis that suggest a price retracement (In fact, my last Bitcoin analysis suggested this). At the moment BTCUSD seems to be unstoppoble, and now, it seems to have entered to a new tendency line. RSI reports an overbought signal, nonetheless, volume keeps growing really fast.
My recomendation? I would like to recommend that you should wait for a price retracement over blue tendency line, however, this might never happen. If you are interested in invest in BTCUSD, invest as soon as you can. Stop waiting for a perfect market entry, and wait for profits in the long-term. I also recommend to check other cryptocurrencies, visit my profile to more info.
If you find this analysis helpful, don´t forget to like and comment! :)
Bitcoin Bat Pattern!Waiting for BTCUSD batpattern confirmation. Price might break it's current support trend line (aggressive traders) in a couple of days, and move to second support trend line (moderate traders).
Additionally, bollingerbands indicator reveals a M formation, which support previous analysis.
BuyNear: 8350 (support trend line )
Take Profit Levels depending of your risk profile:
TakeProfit (Conservative): 9.300
TakeProfit(Moderate): 9.800
TakeProfit (Aggresive): 10.500
If you find this analysis helpful, don´t forget to like and comment! :)
Down scenario was not confirmed. We going up to 5000It seems that wave C is not over. This correction could be a wave 4 and we now in the beginning of wave 5 or the entire correction pattern was double Zig Zag, not an extended flat.
Or the wave C is extended.
I also suspect this current UP wave is global wave V, not a correction, but with very deformed wave 1 (looks like ZigZag from level 3000).
So strategy, for now, is BUY-ing from 4450 with target 4700 and 5000.
BTCUSD's Ichimoku Kumo Twist is forming a stronger bull positionBTCUSD's Ichimoku Kumo cloud Twist is forming a stronger bull sign
Expect more overall sideways consolidation for just a little while longer.
You can see the recent Kumo bounce off of the Kijun representing the short cycle correction we
experienced last night. If you were long and you held despite the stress, good job!
Over and Out
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for venting negativity. Go join a boxing club. I like boxing.
Happy trading everyone!!