Elliott Wave Video: Btc Moving Into 8300-8800 Support ZoneBTCUSD made strong and significant bounce after we noticed a completed wave (v) of »c« of Y, even back above the channel resistance line. So, bulls are probably here, just be aware of a temporary pullback down to 8800 – 8300 support area, from where we may see a continuation higher. If from any reason price goes sharply and impulsively back below 7300 lows, then we will start observing an alternate counts.
Trade well,
GH
Crypotcurrency
BANDUSDT formed bullish BAT | Upto 17% bullish move expectedBand Protocol / US Dollar (TetherUS has formed a complete BAT pattern and entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.3072 to 0.2996
Sell between: 0.3256 to 0.3530
Enjoy your profits and regards,
Atif Akbar (moon333)
BITCOIN:SEC/BAKKTHi guys,
Short:
9720$ (10 % of the planned investment amount)
9940$ (30 % of the planned investment amount)
10830$ (40 % of the planned investment amount)
TP: 9100$
Comments and likes are greatly appreciated.
I wrote this article myself, and it expresses my own opinions and this is not a call for investment. I am not receiving compensation for it . I have no business relationship with any company whose stock is mentioned in this article.
ETH/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair ETH/USD.
Lets start with the Top Down Analysis.
Monthly: The last month was bearish and the candle now is also bearish.
Weekly: Weekly is bearish and the market has broken the counter trendline.
Daily: The daily timeframe is in a downtrend too.
H2: On the h2 timeframe we draw the pennant pattern and expect new lows.
Have a nice day.
Position 000008 Has Been Closed With 26.56% ProfitSince march 2018, 9 positions have been closed, all 9 positions have been closed with profits.
9 WIN - 0 LOSS
DISCLAIMER:
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies!
The Trading Signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
Rising Wedge indicating a possible reversal on the 4HThe ETH 4H is forming a rising wedge with bearish volume divergence which is confirmed by a bearish TK cross. In order for this rising wedge pattern to remain valid price should remain under the 50% Fib retracement. At the time of writing, the price is sitting bang on the 50% level.
One must also bear in mind that the $BTC chart is in a somewhat more bullish setup, which may impact the way $ETH plays out due to the strong correlation between the two.
MACD shows a bullish sign on Bitcon!!!!Now as you all now bitcoin has been taking big ups lately. I think BTC had a correction already after it reached 8,200.. now it's going bullish as the RSI and MACD indicators show bullish signs. MACD is about to be crossed and as we have had a correction already in this bullish wave, BTC will reach the 9,100 level
Bitcoin Price Prediction:BTC/USD is a step away from $6000 retun 1. Bitcoin price in the second half of trading on Wednesday is trading in the green, holding gains of 0.22%, as the bulls resume buying pressure.
2. BTC/USD is making strong progress towards a return of the $6000 territory.
BTC/USD bulls are moving gradually through the sticky supply area of $5500-600 range. They need just one final push and the price could very quickly return back up to the $6000 territory.
**BTC/USD short time sell target 5170 and 5080 Area and Other side of long Buy 5060 level . 5060 level H4 200 ma Moving Average so good position for buy , target 5500/5650 and finally 5830 Area.
The largest digital asset was trending sideways between $5,100 and $5,200 prior to Tuesday breakout. Technical levels remain intact in spite of Bitcoin failing to move past $5,350.
3. BTC/USD bulls try to hold the ground above critical support.
4. The critical resistance lies with $5,500.
High: 5219.93
Low: 5129.19
A trading opportunity to buy in DASHBTCTechnical analysis:
. DASH/BITCOIN is in a range bound 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 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02080000 to 0.01772000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02080000)
Ending of entry zone (0.01772000)
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= @ 0.02369300
TP2= @ 0.02589200
TP3= @ 0.02822700
TP4= @ 0.03294000
TP5= @ 0.04231000
TP6= @ 0.04986000
TP7= @ 0.05745000
TP8= @ 0.08202000
TP9= Free
Zooming out 1hr timeframe, possible price action scenarios.Observations:
- BTC has been traveling between a 2% price range for about a day and half.
- Currently being rejected from 4HR exponential moving averages.
- Daily volume dropping, possible bear flag formation.
BTC is currently traveling within a $100 range (5k to 5.1k) zooming out can give us a better picture of where the price might go depending on the type of break we get.
Game plan & possible scenarios:
Maximum risk R:1 = .1% account value
Seeking a minimum RRR of 2:1
A break below 5k might have us retest the bottom of the channel that we are currently traveling in around the low 4.8K area, giving us a good entry if support holds and price doesn't break below dotted red line(stop loss below), we might be looking at a possible bounce towards the top of the channel 5.4k area... If price is not able to get above the exponentials in the 4hr I believe that our possibilities to break 4.8k level will increase, pushing BTC to the lower channel, and confirming the daily bear flag. (Please keep in mind we are currently traveling above daily exponentials and they can at as support)
Taking this into consideration I only feel comfortable entering a trade in BTC off support, taking a break out with this volume increases the odds of being faked out, unless the bulls break the 5.1k and price gets above the 4hr exponentials, even after that I did not obtain a 2:1.
The only breakout I am currently interested will be a break above 4.5k with heavy bull volume behind it.
Please keep in mind this are all hypothetical scenarios.
Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
There is a trading opportunity to buy in VETETHTechnical analysis:
. VECHAIN/ETHEREUM 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 73.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003960 to 0.00003380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003960)
Ending of entry zone (0.00003380)
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= @ 0.00004660
TP2= @ 0.00005390
TP3= @ 0.00006060
TP4= @ 0.00007690
TP5= Free
ETH/USD Long with 5.8 R/R - take your leveraged 200% profit!If you like my work leave a like or even click the follow button! Comments are appreciated!
ETH/USD looks very interesting as we approach EQ of consolidation block. For a BitMex trade like this I use 10x leverage.
Multiple reasons for this entry-zone: 12hr 200-MA along with an overall 88.88 Fib , EQ of current consolidation block and an old swing-low .
$120.50 - $122
Reason for this target: EQ of upper consolidation block while taking out clean highs at 12hr 200-EMA .
$125.30 - $131.40 - $134.40 - $137.40 - $144.50
Reason for Stop-Loss: Possible SFP below previous wicks at these levels so I'd make use of an old low of a doji-candle .
$116
BTCUSD FinexA comparison between Finex´ BTCUSD and their Longs is showing us a significant relation, we did have before.
The expression is becoming less volatile, due to decreasing volume. The triangle / wedge (could be both, bearish AND bullish right now)
comes back into play and the further we will dangle here, the more likely will the retrace happen into the $3500´s, maybe lower.
On the other hand, we have broken out altcoins, including Ethereum, which developed BEAST volume recently.
Even though I really WANT everything to recover, I am finding signs for both directions and don´t decide now on a trade setup,
but stay more short-term bearish then bullish in the gut.
$AGI Not losing Bullish momentumAGI has been in a relentless Bull trend since October. We had a clear double top where AGI needed to cool off from so much upward momentum. (1450+ Range)
12Hr Looking good, have had a clear change in direction especially with the bounce on the blue trend line. We didnt crawl off of it, we had a Hard Bounce
I'm bullish on the probability we make it into the cloud, it is breaking out the top that will be the hardest part.
3Hr If we get a Bullish Kumo twist here, we are a full-bull green-light here for AGI. As it stands now I'm very comfortable going long here. Stop loss below the cloud, depending on how tight you want to play this.
We do have various levels of resistance above
(1250, 1280, 1337, 1480)+/-
comparing 2014-15 BTC low to current (as of now) lowFor most of this calendar year, i have been watching developing price action in comparisons to the 2014-15 BTC charts.
from May:
August:
Nov 6:
Nov 23:
More specifically, I have been focusing on
A: price interaction with its 50-week SMA
B: lengths of time it takes from losing 50-week SMA to low point, and length until touches it again
and more recently:
C: length of time from massive failed green wick, to the low point..
***
If we look at the failed wick that is present in both charts, and measure the length of time until it hit its lowest price:
2014/15: was 62 days and 64.95%
current: was 61 days and 58.72% (as of 3215.2 finex low on dec 15)
furthermore, if we look at the length of time from last time it interacted with its 50wk MA to its low was 145 days in 2014/15 and 144 days this time around:
We can also note that the % drop in 2014/15 was -85.83% while so far this time around hit -83.84%
Now, over the last several days we have seen bulls weakening, are well from 4200 highs, and does not look like the pattern that played out in 2014/15 will play out the same way after the low. in 2014/15 we saw prices rally almost 90% in just 12 days. It rallied almost to its 50% fib retrace level of the failed wick high to low.
This time around, our high for the moment came 9 days and 'just' 36.35% from its low point. To reach a similar % bounce and to approach its 50% retrace level (of same failed wick, to low) would put prices around 5500 or so. For now, it does not seem very likely that bulls can push us up anywhere near that level.
We can also see that HOW prices reached its lows are quite different. In 2014/15 the low point came after one last big leg down and formed a quick V bottom.
This time around, our low point was marked not by a big 'whoosh; but a gradual decline in the days leading up to the low point. (The majority of price declines came in the last 2 weeks of November)
While I have previously stated that 3000-3200 was next major support should 6000 fail, I have to admit that IN the moment of the lows...it did not feel like the lows. I did not get the sense of any sort of capitulation. The bounce also was not instant (V-bottom) and came several days after the lowest low.
few things to remember:
* the comparisons from 2014-15 is from a technical pov only; and does not factor in the vast fundamental differences between then and now.
* just because prices hit its lowest low...does not equal a bull market. In 2014/15, it took almost another 800 days from its lowest price to previous ATH levels around 1200.
* in 2014/15, after marking the low, we went up and tested its 50wk MA roughly 8 months later. 1 month after THAT, we retested the lows (and actually MADE a new lows be several points) Which, if projected onto current chart, would put us around July of 2019.
********
While this chart somewhat focuses more on the last few months of declining prices leading up to its low point; I am putting together another chart that zooms out a bit and looks at the entirety of 2014/15 in comparisons to current market by more broadly aligning price/time changes from 14/15 to now.
Until then, please feel free to comment, and stay safe!
Happy Trading
@pjmorin20
BTC-COVAL Circuits of Value - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2015 ( 7 / 10 )
Volume 24 H : 0.77 BTC ( 1 / 10 )
Available Markets* ( 1 / 10 ) HUGE DANGER
Social Media Rate ( 5 / 10 )
Ranks ** - 601 ( 3 / 10 )
Website ( 1 / 10 )
Type Token and Platform
Overall ( 3 /10 )
At 46 satoshi? High Risk & Reward. Great Consolidation. Downtrend is broken. MA 50 almost above MA 100. It is great news!
Sell target should be around 4x - 400% with a next bull run!
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
STRAT – last time to buy it cheap!Hi Guys!
This is the last time when you can buy cheap.
We had a massive positive volume. The biggest since the beginning of the year!
They delivered many things in December according to their roadmap:
• Stratis full node production release
• C# smart contracts
• Side chain production release
• ICO Platform 2.0
• Cold Staking
• DLT production release
• The Breeze Wallet will be updated with additional features and will utilize the production-ready instance of the Stratis Full Node.
• Stratis Academy
• They became a silver partner on Microsoft Azure Platform with a plan to be a gold one
This is one of the few projects that work so hard and actually deliver.
They are pushing strong forward.
Technical analysis details:
• Very low on the Fibonacci scale
• Great profit/loss ratio – please look at our previous analysis
• A bullish pennant forming
• Weis Waves - lots of demand and almost no supply - just the corrections.
• Two bullish crosses and a positive divergence on the daily chart.
Fibonacci targets:
1.0.00121914
2. 0.00188163
3. 0.00241707
4. 0.00295251
5. 0.00371483
6. 0.00468588
Stop-loss: 0.0027
Looks promising with a low risk.
Good luck!