Get started

Cryoptocurrency

When the indicators align: Confluent reasons to suggest pullbackHi all, It looks like Bitcoins well overdue correction is about to take place, let me share with you my thoughts... 1. Higher highs on price action with lower highs and divergence on Rsi. This morning we had a strong attempt to breach resistance around 5690 regions which was quickly dealt with forming a lovely bearish rejection candle on hourly. This was followed by another attempt to breach resistance, again swiftly rejected and ending up with significantly lower high on the Rsi and more bearish divergence. This price action translated over to Daily intervals to show lower highs and divergence on the RSI 2. Impulse wave confirmed by RSI We have and lovely and clear 1-5 impulse wave count that is confirmed by Rsi peaks. 3. Price action too far away from 55 and 200 emas. This isn't the strongest indicator of a correction but its something to note, price tends to want to stick relatively close to the 55 ema and price is currently stretched away from it. Here are my price targets Very likely: 1. $5000, there is really strong support here plus it is 38% region of fib retrace. Likely: 2. $4080 200-day ema and 50% fib. Two strong confluent reasons to establish that target. Good Chance 3. $4550-4600ish. Bitcoin loves to correct to the 61.8% fib however due to the fundamental interest surrounding cryptos atm I am not sure if it will and if it does I don't expect it to be there long. Also, lots of strong emas around this level. Let me know your thoughts :) ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BITFINEX:BTCUSDShort
by TrimmerTrading
Opportunity to make 50 % on MITHAfter a long time, we are publishing a new graph as the cryptocurrency market has been very bearish. Bitcoin seems to be a bit more stable than before as the volume has been decreasing after the "huge" dump. A lot of coins are pumping right now and we feel that the bears start to weaken which is the best sign for trading. One of the coin that has not pumped yet is MITH. In graph, you can see a falling wedge. It has been falling since added on Binance. On other platforms, it is 96 % down from its ATH (USD value). You have 2 choices as there is no support: 1) Buy it now and you need to hope that some traders will pump or 2) Buy it at the end of the falling wedge . If you wait, there is a chance that someone will pump it so the best is probably to set a stop-limit buy as there is no longer support. Our target is 0,00002200.
MLong
by exclusive_signals
2
BTC/USD to dip lower?Fellow investors, For the past couple weeks we were paying close attention to a potential Inverse Head & Shoulders pattern formation. We'll know within this week whether there will be an elongated right shoulder or failure in the pattern formation. However, with the low volume and current regression trend, I think it's unlikely that the shape will form. In other words, there's a higher chance that the price will go downwards. I think the best position at this point is neutrality because we really don't know what's going to happen. For now, I highly suggest investors to pay close attention to the market movement for the next couple days to see if there's a clear position and an entry point. But if you are going to enter, Long position: $4200 Short position: $3550
COINBASE:BTCUSD
by SirBulltard
[ETHUSD] $75 Target Short - Descending Triangle UPDATEI have updated my most recently published analysis of ETH price movements. The descending triangle pattern is still valid and these most recent pumps have added further data points to confirm this trend. The 100 ema appears to be nearly impossible resistance for the bulls. Shorts at the 100 ema or the upperbound of the triangle have great potential. Targeting entries above 91, I got lucky and caught a few sell orders at 95+ which are doing well right now. We can also see a bearish MACD cross incoming, a bearish Stoch RSI cross and a relatively high RSI overall. It is also important to keep in mind that we are still in a long-term downtrend which the bulls have not been able to break for months. A descending triangle breakout would mark another continuation of this downtrend. If we break through the lower bound we could expect to see ETH hit $75 at a minimum. The slightly opaque box represents the last line of support ETH currently has (this extends back to May 2017 levels). A break through that box would not be good for ETH. **This is for educational purposes only, you are responsible for your own investment activities** Happy trading mates!
KRAKEN:ETHUSDShort
by Captainsmugglebutt
LTCUSD Technical Analysis 4 hour - Patience, no clear buy yetHi there. Current state: Out - We have USD in hand. Movement has been mostly lateral. You can see this in the yellow highlighted area. Patience . A good trader is a patient trader . If there is no clear buy opportunity then we are not trading we are gambling our money. Indicators/Charts analysis: Price went above our early alarm warning ($42.87) but could not keep with momentum and came back down. This means there is not a lot of buyers out there thinking that price will continue to go up. At least not yet and I am of course not one of them. RSI is in the oversold area but and still trending down. This signals the possibility of further price drops. Stoch RSI in overbought. This is interesting because it does not align with regular RSI. This is a red flag indicating we have to watch out for price action to the down side. Bollinger bands are narrowing. This signals that volatility has been low, hence the lateral move in price. Remember it is harder to make money in a stable market. Volatility is our friend. Parabolic SAR switch from uptrend to down trend. This is due to the last price drop from $42.87 to currently $41.78. This does not help the case for an up trend. Awesome indicator nearing 0. This combined with the bollinger bands narrowing could imply a possible move to the up direction. Keep an eye for this. EMAs not even close to cross in the up trend. This further supports a continuation to the down trend. However they are moving almost horizontally. This is due to the consolidation in price. Remember that after prices consolidate, they move again in one direction or another. Renko (0.74 brick size) still shows a down trend. However no new bricks. This further confirms horizontal price action. Stop Loss: $43.78 - This is our possible entry point still. Note: You can see why the stop loss is placed at least 2 renko bricks up. If it would have been closer, it would have triggered when the price reached $42.87 earlier today but no real trend was forming Target: $48.40 (+10.6 %) - Target is chosen based on current price volume profile. This of course also aligns with the red candle of 14 Nov. Alarms: $42.87 - We will keep this alarm here for now. Conclusion: Hold. No clear buy setup is currently available. Again, we are trading not gambling. This means we need a clear buy setup before we enter a trade. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you like this, you can donate LTC to: LZKza6vBcBnkfaDMHYXXUd6ud8Jf87Lfm3 Any donations will help me keep posting analysis. Also, don't forget to share your comments! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
COINBASE:LTCUSD
by mariobenitez1618
A Whale Just Accumulating $WAVES / $BTC ! Should You Follow?WAVES is just one of my favorite big cap, because it's no doubt having a good fundamental and it's quite cheaper and easier to create token on WAVES network. As it ranked #41 right now with only 100 millions circulating supply. Quite reasonable. I see big volume buying WAVES right now on Binance as I can measure that WAVES already meet the bottom line of line. This kind volume mostly from an institution such hedge fund or investment bank which normally don't really like the volatility and love something that quite "stable" but don't want to affect the price as they are accumulating. This is quite general strategy of them, but at some point they just can't hide it all along because, some indicators, even basic indicators can caught them. Sometimes. I believe that WAVES just like Stellar Lumens and some other project has been on the list of this this hedge fund / institutions / whale club portfolio list. And because of that, you should doubting the fundamental of WAVES anymore because it's ultimately legit right now, all you need to consider is: are you entering at the right time and the right price. Which by any means, I encourage you to follow this movement. Just follow the trend, they know what will happen in the next few months. Book you seat!
WLong
by blockchaindedi