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Cryptocoin

ZRX Descending Triangle ZRX has a clear descending triangle . The one hour chart shows several key bearish candlestick patters, most recently a hanging man candle stick. There is resistance around 0.36, however looking on the day chart, the RSI is completely maxed out around 80 at the time of writing this. It is certainly possible we retest the 0.50 cent area, on the 1 week chart there is major resistance around 0.55 cents. Please do not trade based on this information. What do you guys think about ZRX? Thanks, - Max K.
COINBASE:ZRXUSDShort
by MaxKoke
8
Simple BTC idea on the weekly timeframeA clear and simple prediction about the BTC on weekly timeframe.We have strong Resisstance level which looks soon to be reached and be hold.With proper Risk Managment we look to place stop loss 1atr above the resisstance area.If you never used ATR(average true range) go check it.It will change the way you trade and is very simple to use. The second thing we have is the area where we are looking to Take Profits and as you can see the Risk to Reward is about2.
BShort
by Vladkata2020
1
A healthy pullback for BTC Most of my charts thus far have been a short analysis, and here is another one that visually depicts quite a lot but I shall explain. The current pennant is formed from a larger previous pennant we broke down from leading us to under $7,000. These pennants are derived from fibs levels, trend analysis and then looking for points of correlation. This allows for movement to be isolated in a pennant where a good signal is given to go long or short when either the top is broke or the bottom fails. We can see the pennant resting on a bearish trend line, if this is broke with area of resistance identified they could potentially be a bounce to the upside however; this is very unlikely. I tend not to go into too many technicalities and indicators as this can blur the analysis presented to readers. However; we see nice rejection of upper EMA's, with a variety of failed moving averages, with as of typing the 50MA appears to be holding up the H4 but only just, and volume is decreasing. Another thing to note is on the TD sequential daily view we saw a 9 count, and with that being said we should expect a 4 count correction/consolidation. I am short in my position with levels of targets indicated. Good luck. Follow not the YELLOW BRICK ROAD, but the trend line and pennants and gain A LOAD
Short
by UnknownUnicorn6513259
3
Bitcoin - Straight to 10-12K From HereThis is just a separate post showing an idea I've been throwing around for the last couple of weeks. I noted the possibility in one of my recent writeups, but it wasn't very visible. Anyway, I'm seeing a lot of posts on here about the next wave down to 1.3K or at minimum a retest of the 3-4K zone. Even the bullish posts show pretty limited upside. This is why I'm putting this out there. The possibility hinges on the idea that the March 12th liquidity event was enough to cause a major squeeze upwards. This would make sense from a purely psychological standpoint, if I'm just going to ignore the fundamentals driving the market for a minute. I've held off on posting something like this, simply because I thought there was a significant chance we'd see bears take control before the weekend. Instead, price action is looking very similar to the recovery in early 2019, but this time we've actually recovered from those lows much faster. Sentiment wise, things align perfectly as well. I'm seeing some spot sellers attempting to push the price down every time Bitcoin gets to the 6800-6900 area. These small selloffs keep making higher lows, while they're eaten by natural demand from the market. These are either people trying to protect their shorts, or just people getting out of the market because they believe Bitcoin will head to new lows. This indecision has led us to form a triangle with a downtrend that extends all the way from the February peak. In my experience with this market, these downtrends are meant to be broken. Here's price action from the bottoming period in early 2019, where you can see that the bearish wedge was a big possibility at that time as well. Here's the current 4H chart showing that BTC is close to breaking the 200 MA. You can also see how this could easily be either a wedge or a bullish ascending triangle. Another thing to note is that Bitcoin dominance is dropping again, and major alts are looking fairly healthy for now. Normally in this market, these things show strength rather than weakness. Of course, betting lots of money on a scenario like this, particularly with leverage, would be a bad idea. Even if we break out of this purple triangle, there's a lot of resistance overhead. I do think price can shoot straight up though, considering the liquidity has been tested heavily in this large range between $3K and near ATH levels ($13.8K). A break above the range and towards a new ATH isn't out of the question either, considering this may have been the final shakeout before a new bull market (as we saw in 2015). The volume experienced due to the panic on March 12th was certainly enough. Additionally, during true reversals, hardly anyone calls it correctly, and many are left behind. That's what incites the next major market cycle. On the bearish side of things, I wouldn't really want to see a break below the 200w MA again, and conservatively I think below 5600-5800 would invalidate the bullish picture. In particular, I'm watching the triangle I've drawn (purple). It's not comforting that Bitcoin is finding resistance around $7.2K, so it makes sense to be wary of significant downside, particularly in the midst of an economic collapse that removes a lot of purchasing power from the everyday person. But, as I've hinted at before, the everyday person doesn't really matter in markets anymore. It may not matter how many people lose their jobs. It's all about the people with deep pockets, and what narrative they want to push. It would be hard for big money to justify holding stocks for failing companies, but it wouldn't be hard to justify holding "digital gold." It would only increase their power more. And I'm not even saying a huge price bump for Bitcoin here would be a good thing. This is not financial advice. Just wanted to get this out there for my own use. This is for speculation, education, and entertainment only. Linked below are some of my favorite Bitcoin calls to date, including the bottom in early 2019 and the top in June. -Victor Cobra
BITSTAMP:BTCUSDLong
by VictorCobra
23
XRP/USD - global vision MMI can't believe the $0.12-0.13 range makes sense to punch an MM. There is a risk of a point not returning. It's a globally interesting range to buy. $0.12-0.15 in the long run. There is a high probability that the growth has already begun, as the Fed prints money and other banks turned on the money printing machines. You can buy in this range 30% and buy the rest after the breakdown of the inclined trend. Friends, thanks for your likes and comments! Good luck with trading!
BITSTAMP:XRPUSDLong
by mr_kosovskiy
14
BTCAfter a fall of BITFINEX:BTCUSD it looks like to have a great opportunity to recover. Basically we have just two main scenarios for this instrument: 1. Yellow: so after a pretty severe fall, we have a new wave of interest towards crypto and bitcoin, as a flagman instrument, can be ahead of that. We wait some correction after which the movement can become more observable. 2. Green: in this scenario we can see an attempt to retest the previous bottom, after which it is also probable that the price will reverse.
COINBASE:BTCUSD
by EmilShakaryan