BCHUSD SHORTFor bigger percentage gains I would play around with this. I am actually short since last night on both LTCUSD and BCHUSD. Not sure if I posted them but you may still be able to get in with relatively low risk. We are just waiting for Bitcoin to have its final dump to the low 7300 area and then we can re-evaluate the dominance and take it from there.
God Speed,
Mr. Manbearpig
Crypotrading
Weekly Momentum On Major Pairs (Week40/2019)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bearish
Gold & Silver: Very Bearish
XXX/JPY: Mixed/Slight Bearish
Stock Indexes: Bearish
BitCoin: Very Bearish
Summary: USD is making a come back.
Week 40 (28 Sept 2019)
where is bitcoin goinig?!?!We are all waiting for the climb but what is really going to happen ???
Bitcoin is in good shape right now but all traders are hoping for bktt.
But bitcoin is stuck in a few triangles and patterns.
With the trend right now, it seems we have to wait for a downturn or price drop to the 8900$ limit.
We come together here to help make progress,enjoy your positive and negative comments and learn from you
cup an handle good morning to you all hope you all are doing well. This drop has formed the handle to the cup. this is bullish for the short term as long as we don't sink any lower then 9820 or 9800 this move will be valid if we move be low those point then we can see moves back down to 9500 possibly 9000 an 8500 gap boys lol we are also in a huge triangle going back to our yearly high 13.5k that apex doesnt come to tell end of oct an could not close a 1 to 4 hour candle under 9400 that would break the overall formation if you do notice their are about 3 candles that did close below that support but ran right back above it if we can hold above that then i can really see us taking btc to new highs
Litecoin to $185? Here's How!In my previous analysis I thought we might have already complete the Impulse Waves of Elliot Wave Theory (EWT) however after digging in a little more, this count is perfectly accurate with EWT and would see LTC hitting $160-$185 by September.
This is not trading or financial advice, just one of the many outlooks. Let's see which count is correct!
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To learn about Elliot Wave Theory, and to see how this is within what is acceptable of EWT, you can choose to go here! elliottwave-forecast.com
BTCUSD Inverse Head and Shoulders Hello Traders,
New Thesis on BTC,
Points to consider here are,
- Potential Inverse head and shoulders pattern playing out
- RSI on an upwards trend
- Right shoulder volume declining, which is common in H&S patterns
- Neckline has been acting as strong resistance, high volume move imminent
- VPVR showing low volume of transactions after resistance
BTC needs to break this neckline with strong volume, if this break out occurs, its more likely that BTC will test yearly highs
What are your thoughts? Please leave a like and comment
and remember,
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” -William O'Neil
Weekly Momentum Analysis On Major Pairs (Wk20/2019)XXX/USD: Slight Bullish
Gold & Silver: Mixed (Silver is bearish while Gold is slightly bullish)
XXX/JPY: Very Bearish
Indexes: Very Bearish
BitCoin: Very Bullish
Post Scriptum: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume , Macro nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
Tron ~ Break Support line and retest for downtrend Hi Folks,
I see Tron only keep going down. Till reach second Support Line.
Where you can see arrow pointing down -> that's retest that zone and going it is own direction ( Down ). Also Fib ext hit it nicely so for time been I think we will be going down.
We might see some push upsite, but that would be just Retracement. Until we see string confirmation on 1D chart I am Bearish :-(
BCHXBT Kraken~ This is how I think, might play outHi Folks,
Bitcoin Cash falling like no tomorrow. I think where is Demand Zone from there we might see trend Reversal. If not it will go to the second demand Zone.
I would not be even surprise if we see bit Pin bar to go through two demand Zones.
Don't set Buy order and wait for confirmation. As we have falling almost on all of coins and we made Lowest Low.
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
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.
XRP ready for a bull run?Its safe to say the crypto world is here to stay and it looks like the market is ready for a BULL run. Here on the XRPUSD crypto pair i have identified an extremely exciting long opportunity. I don't think price will ever be this low again for the history of the pair. So I am definitely looking for to a rally.
In my analysis using the fibonacci tool I have reason to believe this pair has found the floor of 2019. I am seeking new record highs soon to come here for the XRP currency over the next few weeks. I even see $.40 or higher on the table. Take a look at my analysis and give your feedback.
The uRBAN genIUS
Weekly Momentum Analysis On Major Pairs (Wk16/2019)XXX/USD: Slight Bullish (EU is more bullish than GU)
Gold & Silver: Bearish
XXX/JPY: Very Bullish
Indexes: Slightly Bullish
BitCoin: Very Bullish
Wk 16/2019 (13 Apr 2019)
Post Scriptum: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume , Macro nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.