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EOSUSD after a successful trade and the next move by Ec CryptoCongratulations Traders!! Right now, I would like to start with the result of our previous analysis: we reached our First Target and we gained an upside of 16.64%. Let's keep this up and don't forget to read Today's EOS Analysis. EOS remains in a lateral movement fluctuating between a resistance line of $14.65 and a support line of $13.84. If the candlestick breaks out the resistance line, we will take a LONG position to reach our 1st Target at $15.50 (10.71%) and maybe the price will reach our 2nd Target at $16.30 (16.04%). If the candlestick breaks out our support line, we will take a SHORT position and wait for the price to hit 1st Target at $12.81 (8.57%) or the price might as well hit 2nd Target at $11.86 (15.28%). www.instagram.com twitter.com
BITFINEX:EOSUSD
by EC-Crypto
ETHUSD break from ascending channel, next move?ETHUSD broke out form ascending channel and its now moving down to support zone – blue line marked. It’s still nicely above 200MA, while RSI and MACD indicates further decline. It’s not a direction change yet and could be a false breakout and reversal back up from here. I'm waiting for next daily candle and I am caution on any major correction down from here. Market is under pressure today, but we saw many times how quickly things turn around on crypto. Observe the movement on support zone around $620 level, there are two possible scenarios. Going lower to $400 area or remaining in uptrend which would take Ethereum back to $1000.
BITFINEX:ETHUSD
by Tilen_tradershub
1
Forgot about $ETC? Get ready for moon.I have a mid term target for $ETC @ 340k sat. Roughly 50% upside from here within the week. My message to my signals channel: TL;DR. I am holding $ETH in anticipation of the SEC meeting. Also holding an even amount of $ETC in satoshi value as a hedge. A number of #TeamNeverWorkAgain members have reached out to me about what to do with their spare $BTC. The other day we made a call stating we were moving roughly half of our portfolios to $BTC and it played out quite nicely. Yes, alts are red, and they look like attractive buys, but we don’t feel this is the bottom yet. Protecting your satoshis in $BTC is a great move as $BTC has been charging up with no indicators saying that it will stop. Feeling like you need to be in all alt coins is FOMO. We are just beginning alt season in my opinion and this is a healthy pullback. In this market, the impatient give their money to the patient. I’m holding off on almost all alt purchased until they look fully bottomed. That being said: I am holding a fair amount of $ETH. This is in anticipation of the SEC conference on Monday discussing whether or not $ETH will be deemed a security. Many of us have learned time and time again that putting all your eggs in one basket never ends well. It causes emotional thinking and often drives to panic selling. As a hedge to my bet on $ETH, I will be holding an even amount of satoshi value worth of $ETC. Why? One of the major factor in determining whether or not $ETH will be deemed a security is that $ETH raising capital from a public sale is one characteristic of a security. $ETC however did not raise funds through public sale. In my opinion, $ETH will fall in the short term if it is deemed a security, but will have an inverse reaction and appreciate in value from a fundamental standpoint that it is not a security and consequently will be more difficult to regulate than $ETH. Please do not be concerned though about $ETH in the long run. I believe both outcomes, $ETH being deemed a security or not, are bullish for crypto overall. If $ETH is classified as a security, institutions that have been on the sidelines will take this movement way more seriously and likely start to join us. If $ETH is not deemed a security, we will be closer to being officially considered an entirely new asset class which in my opinion will have the space going crazy! On top of all this, $ETC’s weekly chart looks so good that I am going to hold it for a few weeks time. Just look at that bowl baby! Please remember, you know what’s best to do with your own wealth. This is our opinion and should not be taken as financial advice. Yours truly, J
by TeamNeverWorkAgain
11
BTC diverging, bulls out for the week end?Dear Crypto maniacs, crypto friends, crypto hater and crypto amateurs, after an unexpected drop in the past day we are facing a bullish divergence, volume is there, RSI and macd also ready to explode, what else is missing? I dunno, probably it is too clear and since BTC is used to make some jokes and some unexpected moves, it will wait going sideways for a day until the breakup. Stay tuned and like, share comment if you enjoyed the TA. *this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks! www.tradingview.com
BITFINEX:BTCUSDLong
by thegio
BTCUSD in rebound, but closing on major resistance! BTCUSD had a nice rebound, close to $7000 mark, just above previous low and its now bouncing back to descending trendline (RED). It’s still a bearish trend pattern. I market possible scenarios and important levels to watch out. In blue square I market two very important levels. One is just under $11.800 (BLUE square), it’s the last higher high, before lower low $6000 (BLUE square). These are important levels to watch when guessing if we have seen a reversal. BTCUSD tried to break over $11.800 twice and failed (on 20.2 $11.750 and on 3.5 $11.600). I think this will be a crucial resistance to watch. The second is for sure lower low at $6000, which I market back in 30 DEC 2017 in my post – stating we are witnessing a bubble burst. It’s the last red weekly candle. A break below that would take BTC possible down to $2000. As of this moment, we are in “dead cat bounce” pattern – seen many times on financial markets, we just passed $9000 mark and are closing on first resistance. I marked possible retracement (YELLOW square). If BTC manages to break from descending trendline, the nest resistance in $11.800 – BLUE, the last higher high. But the less optimistic scenario is a failed attempt to break higher and test of lower low at $6000.
BITFINEX:BTCUSD
by Tilen_tradershub
1
$BTC - What Goes Down...Must Come Up? - #BitcoinThis chart here is in Linear view. This is the same idea but in the version of a Log Chart. I am bullish on Bitcoin from here. I see us forming a double bottom and bouncing off the trendline a second time. Awaiting a confirmation of an uptrend to begin my long. As long as we stay above the trendline we should be good...fingers crossed...below the trendline, death lol. Google double bottom pattern then compare it to BTC at the moment for clarity where things playing out from here.
COINBASE:BTCUSDLong
by UnknownUnicorn2302450
LTC - Planning for Each OutcomeWe are very close to a decision point here with LTC. We have tested the orange resistance line around $193 three times since we found support at $162. From this we have created an ascending triangle pattern which we could either to decide to trade the breakout or build a position from here. As we are currently at the top of the triangle, I am willing to wait for either a pull back to the red Fibonacci levels to enter a position or, if this doesn't happen, then wait until we break upwards of this pattern and enter a trade there. When I enter a position within a continuation pattern like this, I always set a tight stop as these are risky entries. I would see a pull back after the breakout of this pattern as a better entry with high probability of profit. Breaking upwards from this pattern I would also expect to break out of the downwards channel that we’ve been in since 20/02 and this should give us bullish confirmation with the 20- and 50- day EMA crossing above the 100- day EMA. The next resistance in sight would be the $224 level which would be a key area. We could take profits here and wait to see how the market responds to the resistance before entering a new position. If we failed to break upwards from this pattern then we would be headed for the previous support level again. Failing here would mean we would be heading back to the start of wave (1). We have had warning from the bears that they are expecting a crash pattern so this would be the area of most importance that would confirm their bull trap scenario. I am bullish on crypto so personally I don’t think we would get that far but it is always good to see the perspective on both sides of the market. In the end, it doesn’t matter who’s right or wrong as long as we listen to the market and prepare ourselves for each outcome. Thank you for taking your time to read this! Please feel free to leave a comment/question below and if this added value to you then give it a like! Peace.
Long
by JoshThomas04
Seated on Support in a bullflag, a swing dream. $ETC/$BTCIf BTC stays mellow for the next day (a large if, no doubt). Then this looks to be a formed bullflag with $ETC, and we currently sit right near the support level. Last ditch effort before the airdrop. Also note that this is completely different from the ZCL airdrop, ZCL was going to die after due to all the devs leaving the project. This is a totally different senario, where literally nothing is changing with $ETC at all. The only thing that happens is noobs see ZCL crashed and sold the next one to drop thinking its gonna do the same, but its not. Totally different senarios. GL, DYOR, and this is not advice. This is just a picture of numbers and triangles that would have failed me in 8th grade geometry. :P
by kbasch