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Crpyto

Bitcoin DominanceThe Bitcoin dominance compared to the Altcoins is looking weak right now. It tried three times to break through the trend channel the last couple days, but could not manage to stay outside of it (H4 timeframe). The last 4h candle closed inside the channel. If the daily candle closes inside the channel today, we can expect a downside of the BTC dominance, which would lead to a recovering phase for the altcoins from the bearish days. We might see the BTC dominance going down to around 60%. If that happens we even could see a little altcoin rally. Let´s hope, that the altseason begins :p
CRYPTOCAP:BTC.DShort
by Fibonaccay
XRPUSDT: +30% On OutbreakIf we forget about all these wicks happening recently and solely focus on the actual trading substance, you'll notice that an ascending triangle is lurking in the data. As per classic technical analysis, these triangles may indicate a continuation in 70% of cases and a possible breakout is backed by its continuous RSI uptrend. I'd consider a confirmation 5% above breakout point, which would lead us to the lowest entry of 0.58 usdt. Based on ruler measurement, we are facing up to 30% growth prior confirmation which would lead us to a highest sell point at around 0.61 usdt. Due to the recent wicks (which I assume are stop hunts in both directions), I'd consider to put them well beyond the wicks that already occured. My observation is backed by my TA looking at the bigger picture:
by CoinStudio
3
How I made 148.5 Million! So on one of my post I was looking to go long on this. I saw that this was bouncing back and forth from a certain area.I then waited to buy around the support area and then sold around the resistance.On this trade I made 38,152,000 which was insane! What I also noticed was this was forming a head and shoulder pattern which presented itself for a good opportunity too short.Furthermore, I took a short position around 92.00 which in fact went against me. I ended up holding the position until it dropped back. Then the best part came it dropped all the way until it hit my TP at 86.467. This trade made me 110,412,000 and in total I made 148,548,000.After all this I do have to say this was from paper trading ,but imagine if I was making that much money on a live account holy shit! The fact is that I was right and my only thought now is I wonder how many trader bought long around the top thinking it would continue. Quote:“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”-Van k. Tharp Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:LTCUSD
by Red_Rock5
BTC make or break above $8000BTC confirmed a nice break out of ascending triangle which is shown on chart (red lines). The bullish confirmation pushed the price to $8000 region where is the next resistance level on daily chart. We have a lot of movement around her on shorter time frames. Volatility is nice for day traders, but for long term holders it’s important to understand the big picture. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. BTC formed the triangle from the bottom at the beginning of the year. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. In last 5 months the price formed higher lows, higher highs which confirmed the triangle at $5800. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. I’m not on position right now and I’m waiting for a pullback. There will be plenty of opportunity to enter back in the game. I want to see bullish candles on $8000 region before I will make my next move. Stay safe and count your pips.
BITFINEX:BTCUSD
by Tilen_tradershub
NEO giving off HUGE uptrend signals after a slow few days!Hi everyone, Welcome to my latest idea for those interested in what I have to say. :-) I have been watching the BINANCE:NEOUSDT pair for a few days and I was able to sink an entry point at $10.75 on April 16th. For the last several days, NEO has been bearishly running sideways after printing a bear flag that never ended up doing anything. In fact, all the indicators were signaling on the side of the short traders......until now! NEO/USDT formed a doji candle (black arrow) earlier in the day today and then IMMEDIATELY formed a three white soldiers candlestick formation (blue circle). This is a HUGE technical signal showing that there has been a change in sentiment. In this case, three white soldiers following a doji candle is indicative of an uptrend. The candles are riding the upper band of the Bollinger Bands so it is a risky entry (sell high on the bands, buy low on the bands), however, with the current formations, the signals are pointing to a move much higher than what we currently see at $11.15. I have a sell order set for $12.00......for now. Based on these new formation, I am leaning towards the idea that I will be able to move my sell target higher. I will play this by ear. I have adjusted the fib levels to reflect a smaller price change. I like to do it this way to get an idea of potential targets, its basically a more narrowed price range. Currently we are near $11.20 with 11.35 as the next target. This is how I decide where to exit. If we keep breaching the target areas I will hold off on my sell until I see the momentum stalling out. NEO has reached areas within the $13 range so I am curious to see how high this is gonna go. I am waiting for further data to make this determination. Some other areas to take notice of. BINANCE:NEOUSDT has broken out of a triangle formation and the support zone (green box). It also blew threw the 20 day MA and is approaching the 100 day MA which, is just above the $11.35 target area. We rapidly went from hanging around the $10.83 area to as high as $11.25 area. The trends have changed from bearish to bullish within the last several hours and are now showing that the bulls are in control. Volatility is pretty mild right now, I will be watching the volume closely watching for this uptrend to lose its momentum. RSI = 46.67 Stochastic = 66.34 The RSI and stochastic are technically neutral. Please hit like and throw me a thumbs up for taking the time to inform you all of what I am seeing and doing with my trades or, if you have found this information helpful/useful! :-) I hope you're successful in your trades and I encourage you to do your own research as well for maximum success. Good Luck and Happy Trading! :-) :-) :-) -AWC- *THIS INFORMATION IS INTENDED FOR EDUCATIONAL USE ONLY AND IS NOT MEANT AS ANY BUY/SELL ADVICE. TRADE AT YOUR OWN RISK.*
Long
by AWColumbo
Channel Down + Triangle Pattern (1day charts)Ethereum has continued in its downward channel, we had a nice bounce off the top of the channel at 128 and then we saw the price drop down and not push through the downward sloping resistance line. We are now currently in a symmetrical triangle that is looking like it will break to the downside. If it does drop to the downside, there is a big possible profit ratio if it comes down to the next biggest resistance at 84, and as much as it's probably being hopeful (I will be short), the next profit target for me would be around 60. Could be a good entry once the triangle pattern breaks to the downside and closes, but as we've seen there has quite often been a move higher before going lower, something to watch out for. Either wait for the drop outside the triangle pattern and open a short position on the retest/bearish candlestick pattern, or wait for the move to the upside and open a short when you see consolidation at the top. Right now ETH is looking bearish, but an early entry could wipe out any profits. *The blue lines with arrows are suggesting 2 possible bearish scenarios. Please leave a comment if you want to have a discussion about this, or if you think I'm wrong!
BITFINEX:ETHUSDShort
by charlesyo
BTCUSD approaching support, potential bounce!BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (34, 5, 3) is approaching support where we might see a potential bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:BTCUSDLong
by easyMarkets
2