CRPTOCURRENCY
Cardano will continue downtrendI'm opening shorts on cardano. Maybe title is not relevant to my thinking, because it's not trend analysis.
I don't like to call it fundamental analysis too, because I don't really believe on fundamentals of crypto markets, but thats just a "guess" and interpreting of situation on BTC and possibility of running ETFs by CBOE.
I strongly believe that CBOE will run Bitcoin ETFs, because thats the istitution from the inside of the wall street. It's not some crypto exchange guys, that didn't exist on wall street few years ago.
Now it's really big players coming to it, and they all knows each others, they graduated the same Universities and at the end they are all from Goldman or JP Morgan, so I can imagine that they are talking about it behind the scenes.
So what is my game plan. Since I still keep my shorts on BTC (but soon - before 08/10 - I will reverse that positions) I'm starting to opening shorts on ADA and other altcoins in pairs with BTC. When big players will go with their huge money to BTC, it will for sure go up and as the results regular crypto players will want to enter that train and will transfer money from alts to BTC. Of course I will have both - longs on BTC and shorts on few alts and I hope alts will maximize my profit :)
There is a possibility for the beginning of uptrend in PIVXBTCTechnical analysis:
. PIVX/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000240 to 0.000212). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000240)
Ending of entry zone (0.000212)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000298
TP2= @ 0.000337
TP3= @ 0.000385
TP4= @ 0.000425
TP5= @ 0.000482
TP6= @ 0.000557
TP7= @ 0.000664
TP8= @ 0.000923
TP9= @ 0.001116
TP10= Free
There is a trading opportunity to buy in SCBTCTechnical analysis:
. SIACOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000120 to 0.00000093). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000120)
Ending of entry zone (0.00000093)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000157
TP2= @ 0.00000179
TP3= @ 0.00000207
TP4= @ 0.00000239
TP5= @ 0.00000264
TP6= @ 0.00000319
TP7= @ 0.00000393
TP8= @ 0.00000453
TP9= @ 0.00000745
TP10= Free
A trading opportunity to buy in NXSUSDTechnical analysis:
. NEXUS/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.26 to 0.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.26)
Ending of entry zone (0.75)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.69
TP2= @ 2.16
TP3= @ 2.60
TP4= @ 3.63
TP5= @ 4.80
TP6= @7.10
TP7= @16.82
TP8= Free
KMD long ideaLooks like nice area to try a long for KMD. Divergence on a daily, interesting events in August and December.
XRPUSD ready to fall again?XRP hitting the 78% fib to precision and pulled back under the 61% fib, if we hold on daily we should see the -27 and -61 levels very soon.
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0181 to 0.0170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0181)
Ending of entry zone (0.0170)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0200
TP2= @ 0.0211
TP3= @ 0.0224
TP4= @ 0.0232
TP5= @ 0.0249
TP6= @ 0.0262
TP7= @ 0.0273
TP8= @ 0.0304
TP9= @ 0.0320
TP10= Free
Short action: Approaching the late 2017 supports.As seen on the chart, the price broke the 1W support (106.323) after a 2 day consolidation. This bearish break out on 4H has created a new Channel Down (MACD = -5.800, Highs/Lows = -7.8064, B/BP = -18.1400), parallel to May's main channel and has already crossed the Sep 2017 contact point. Given the oversold status on RSI = 20.428, STOCHRSI = 8.840, ADX = 80.343, Williams = -81.689, we expect sideways consolidation to take place within the red box (95.856 - 87.374) in an attempt to harmonize these oversold data. Our short TP set is: 87.514, 70.855.
Bullish butterfly pattern nn PNTV chart with target zonesAfter pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then moved the bottom of it to point D). The XA leg added on top of point D is a common target for most harmonic patterns I've researched so far. Beyond that, the 1.27-1.68, 2.27-2.68, and so on are also common targets if bullish momentum continues. It just so happens that the 4.27 matches up perfectly with a very long-term trend line...
$BTCUSD Possible Outcomes An ascending triangle since 4/10/18 shows two possible paths for bitcoin to take in the next month.
Long-term buy opportunity for #SNTBTC, let's hunt it together !Technical analysis:
STATUS NETWORK TOKEN/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 32.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.0000103 to 0.0000070), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000103)
Ending of entry zone (0.0000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0000126
TP2= @ 0.0000160
TP3= @ 0.0000179
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
BTC to 11k ?This is my first idea guys so bear with me.
As you can see after the first bullish pennant and two big moves up (1 & 2) history MIGHT repeat itself pushing the price near or above 10k in the first move and further close to 11k.
As history of patterns has shown this idea is very likely to happen but only time will tell the truth.
Wait for the breakouts and remember to take profits at the top of each move.
Happy trading :)
(This is not a financial advise)
BCH/USD, 1h, two spots to buy pullbacks2 days ago, BCH settled into to a small corrective structure (large red rectangle). As things played out, a well-defined resistance level became apparent and buyers kept buying in at relatively higher prices (red trend line).
Towards the end, an even smaller corrective structure formed and I was able to buy in with a limit order after price broke above and pulled back to it. This entry (at $1350) allowed me to set a tight stop and catch the breakout of the larger corrective structure. So far, I am up 5Rs (probably less by the time I finish writing this) but I think this trade could run so at this point I plan to hang on as a retest of the highs would be about a 14R trade.
This could play out a few ways:
Best case, BCH breaks resistance @ 1430, perhaps pulls back to retest, and continues on. A retest would be a good spot to have an order waiting. I will move my stop up after a solid break of this level.
Another possibility is that resistance at 1430 stops price and sends it back to retest 1370--this is strong support and would be a solid place to buy a pullback. Since my stop is already at break even, I will likely place another limit order here just in case.
If 1370 breaks on this timeframe that will a pretty good sign that the bears are back in control.
Attention! $Ebst PIVOTHello guys,
Thanks for reading my post. As you can see the at the little green flag there was a breakout in the past. Now we are hitting this Zone again in a very bullish uptrend! There are a lot of news incoming.
News in near future:
Okex Listing (Unknown, but planned)
fortnite tournament (Planned, no fixed date yet)
24th april texas government presention by Marshall Long (Gaming Director)
15th May AIRDROP $ALA Ratio 1000:500
Bitrex still not announced the support of the airdrop but likely will
Targets should be arround 4855, 8001, 10211, 12420, 15154, 19574
I will update new targets once we break 20k sat
All reasons to #hodl out
Bitcoin Falls to Trendline as ExpectedBTC hit the upward slopping trendline @ 7190 as expected. Now, if that trendline line doesn't hold, then look for a continuation downward to the 2 support zones, labelled 1 and 2.
The bulls are looking for price to move up sharpley as it did on Feb 6 of this year but it may move sideways for a bit as it did after the 9/15/17 low.
If price does move up, monitor the reaction at support zones A and B and see if they become resistance.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
ETH short term - Downtrend will continueWith this new impulsive wave to the downside I must change a litle my primary count and turn it more berish in price an time. Expect some support in the 380's-400's. Let's see how will play my changes.
Bitcoin $8100 - $7500Price of Bitcoin has dropped as SEC (Securities and exchange commission) rules that crypto 'exchanges' will have to officially register.
Governments are closing their grips on crypto's.
Price revered at a strong resistance level of 11700$ accompanied by some bad news for crypto's this week.
Price still moving down a channel pattern with 2 strong support levels crossing between $8100 to $7500.
I'll take a bit of $QSP here #cryptocurrency #altcoins #bitcoinI would continue getting if it dips more in the near future
Quantamize Machine Learning 3-Day Forecast Ethereum ClassicQuantamize proprietary machine learning algorithms have generated a 3-day "Do Not Own" signal for Ethereum Classic.
Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates well above 60%.
Any updates to this 3-Day forecast will be shared, as signals are re-run daily.
We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios, which can be seen our website in the signature below.
