2018-6-8 BTC LONG (short term)BTC 1h chart is showing a reversal pattern (falling wedge) + a reversal oscilator pattern (bullish hidden divergence).
Most indicators are still bearish, but I'm trying to catch a reversal here, so this is not a problem. If BTC managed to break up the
pattern in current candle I'll not be entering the position because the R:R isn't good enough, I'll be waiting it to go a little down
so I can enter with less risk and with a better profit target.
Looking a bigger time frame, at 4h chart we can see the same bullish hidden divergence, we also can see that we still have
an important support (green line) and have been failing to break a big resistance (red line). Both lines are forming a bullish
pattern called ascending triangle, but we will need more buying pressure to break it.
Stop-loss: $ 7490
Entry: $ 7557
Profit: $ 7727
Money management
Volume: 8% of main capital
Risk: 0.9%
Reward: 2.25%
This is my trading record. Never forget $DYOR Do your own research
Cryptocurrencyanalysis
Channel Down to 420.31Ethereum is on a clear 1D Channel Down (RSI = 42.411, MACD = -28.370, BBP = -69.0840) since the 721.07 Lower High (Highs/Lows = -15.2043). The drop for the next Lower Low will either take place now or at 609.80 (both short entries). Based on the 4H ADX = 28.911 the TP1 is 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is the 1W support = 357.60 and we will only target it after a Lower High is made.
Tether Printing and Bitcoin PriceOn Friday May 18 2018, Tether printed another 250 million tokens, bringing the total supply to about 2.5 billion USDT. The last print was for 300 million tokens on March 20 2018. And the previous before that was for 100 million USDT on January 23 2018.
It is no secret how Tether and Bitfinex are intertwined, as a simple search will reveal those involved with them. It is also no secret that there is a lot of distrust in whether USDT is in fact backed by United States Dollars on a 1:1 ratio, the market currently values it as such.
Another concern about USDT is the ability to influence the overall crypto market one way or another. 300 million or even 100 million dollars worth of orders strategically placed on a single exchange, like Bitfinex, can literally move the market. You can read more about this at procinctu.info
As for the chart, I just wanted to show the price of Bitcoin in correlation with the printing of Tethers. I used Kraken instead of Bitfinex on purpose, to make the data independent. The thicker lines show larger prints, the thinner lines show smaller prints. Also, this is on a daily chart, so it does not include volume spikes and movement on a smaller time frame, which probably would be more beneficial. But this is just to show in general the Bitcoin price and Tether printing alongside each other.
You can track the Tether printing for yourself at omniexplorer.info
Travis
JMJ - UIOGD
aelf ElfBTC Long 20% PROFIT Potential!Aelf has the Alphabit Fund hedge fund and all of its glorious investors which raised $300,000,0000 and is the hedge funds pick for 2018. I have high hopes for this coin. These fundamentals show ELF is doing really well.
Buy In:
.0001730 (TO) .0001880
Sell 1st Target:
.0002175
2nd Target:
.0002200
Reversal Area on BTCMy short has been closed and I am now looking for the most opportune time to enter a BTC position.
1st - I had market bought in to make sure I have skin in the game incase whales push.
2nd - I have 2 positions I am looking to fill & accumulate at which are shown in the chart.
I will be trading a large Falling Wedge pattern. The bottom support has only hit 2 times so it should technically hit a 3rd time before breaking out. However, in anticipation of whale manipulation, I will be accumulating my position at different spots.
We are seeing Bullish Divergences on the higher timeframes but STRONG bearish divergences on the lower timeframes. The goal isn't to buy the absolute bottom, but to create a safe, good position that will bring in profitable returns for when the reversal comes into play within the next day or two.
If you'd like further discussion on my analysis, feel free to come join us in Discord via my Website link shown below on my signature.
Cheers!
-Wolfie
When everyone stops to breath, it's time to load up!Dear Fans and Expositioners!
When people stop to catch a breath, it's your chance to move ahead.
I see a lot of peeps taking profits, and this is just 8 days before Consensus . Go figure? When people drop their precious ETH, it's time to pick them off the street. It's Christmas all over again.
Are you scared of the dip? Do you fear it's gonna go further? Who cares. Is there any other liquid asset class today that could potentially return a 10x or 20x over a 2-3 year period? No there isn't. Crypto is the only game in town. Smart money knows this. You can trade bonds, stocks, gold or oil if you want - but this 'aint going to come around again.
My-TA-sucks absolutely. Enjoy the ride.
Bitcoin - the unknown downtrend continuation? I found it! Yes, there is always a hidden trend in a chart, that isn´t just about connecting the highest higs and lowest lows. There is something in the middle, but the price clearly respects that. Just check the picture, there is ALWAYS a reaction, when the market gets to the border of this downtrend. I have marked it with orange lines, so you can clearly see that it isn´ t some accidental downtrend, but it is each case!
Even these days, when we are by the rezistance line of the channel, we can see clear bounce down from there.
So now what?
I won´t lie you guys - nobody, really NOBODY knows. at this moment we don´t know what will be reaction for the border, but we see a re-test of this level, so there is a high chance that we´ll get through it to the upside, but even if we do, I am not buying, we are in a middle of mine field. There is so many major rezistances, that it seems more like one HUGE rezistance and I am not buying into this.
In my opinion there is a really going to be one more whale dump, because this opportunity is just great for them. And when this happens I don´t want to own BTC because believe me, it will hurt a lot.
Most of altcoins are actually going pretty good and I believe they have seen the bottom, but not BTC, no.
Have an awesome trades and don´t forget to give me a like. If you want to get such an awesome information regullarly, that NOBODY ELSE GIVES YOU, please follow :)
EOS BTC Price Prediction from 4-22-18There is an aggressive run but the growth is following standard fib consolidations. I'm expecting the price to increase a small percent followed by another consolidation towards the lower-bound trend line. Let's see how long this run lasts! I'd recommend setting 5-8% stop losses and re-buying if the current or next consolidation turns into a 1-2 day channel without a large swing.
EDIT - Red text should read "29th," not "95th" as there is no 95th day in April).
UP OR DOWN What do you think ? Verge XVGAnnouncement was made. After the %40 dump should we expect some run up ?
EOS Where i whould buy in for mid termEOS moving in channels.
Bigger channel (red) longer term bullish, smaller channel (purple) shorter bearish.
Previous wave movement could repeat in the last one.
So i would consider good entry points the Fibonacci retracement levels around 7.64$ and 7.19$
and i expect upward movement when price is near the red channel upward trendline.
Pay attention when price will be near the trendline in the middle of red channel too.
ETHEREUM - Bears triggered04.04.2018
ETH - Selling off in today's market, has definitely triggered the intraday breakout/breakdown bears !
Price initially began to break down at around 4am this morning, after failing to trade/close above the 200ema and was rejected for 2 bars, before entering a consolidation & flag pattern !!!! Price continued to break down further this morning.after failing to hold the equidistant price channel support and ascending trendline support from the swing low around $343.
Normally we expect price to exit / selloff aggressively after breaking down from the flag pattern - which it has continued to do...
The question is: where is Ethereum heading next?
Price is currently trading around 366, with immediate support @ 345. The support level dates back to previous resistance on 15.10.2017, IF Price does fail to hold at thie support level and find traders to lift the offers, then we could see further DS to test $273, $186 respectively......
Info@intelligenttradingacademy.com
Cryptocurrencies | FX | Equities | Indices
Bitcoin - Where is it heading next?04.04.2018
Bitcoin - Hourly time-frame.
Bitcoin has continued to selloff during today's market action, failing to hold/trade above the 200ema support level and intra-day ascending trend-line from the recent swing low. Price has now broken below this level after a period of consolidation and a confirmed H&S (Head and shoulders pattern). The question is, where is Bitcoin heading next after failing to hold these key levels?.
Looking at the support levels & zones the next area of key support zone is between/around $6450 - $5900, which is a support/resistance level dating back to 22/10/2017. We are currently trading & holding on the 1 Hour Fibonacci retracement at the 382/50 levels. If we cannot hold the 50% Fibonacci retracement support level, you could expect price to descend further to $6700 - $6800.
Key support levels are $6450 - $5900, if we break below here, we expect the market to range / consolidate for a while before looking to test the Lows of February around $6000 - $5800
A hidden GemCND looks like it is forming what my friend Dan Jeffries likes to refer to as the Ultimate Crypto pattern - downtrend followed by sideways accumulation and then a pop up. It is still in the accumulation phase and I hardly see anyone in the space talking about it right now. Which tells me the Market Makers are still building their positions. This is your opportunity to build one with them and see the kind of insane profits the 2015-2117 Crypto investors saw. CND is currently bouncing against a stronger long term support from before the last big rise. Retraced almost the full value from its previous low, but has still formed higher lows. MACD has curved bullish in accumulation, OBV looks good with a sustained rise in buying pressure since the capitulation wick into liquidity. Holding value against BTC over the past few weeks. Stoch in a confirmed bullish trend with several higher lows. CMF bullish trend that has not broken positive yet. There is just a lot to like here.
Possible liquidity dips down to a double bottom - Price must hold above 750 sats
Watch out for a break of 820 sats - bearish continuation possible if this happens.
First target is 1600 sats but you can play it safe and collect profit wherever you want
From an FA standpoint a $1 token value is likely - currently $0.07!
-Total supply 2billion tokens. WItha $1 token value this product would only have a $2 billion market cap. Hybrid AI market analysis as good or better than systems used by Big Investment Banks and Hedge-Funds. ICO 6 months ago with consistent higher lows since. Token holding unlocks tiers of information from the system giving a real world use case and reason not to sell the token.
This is one of the many fantastic products being built in the Blockchain space right now that is going to make its early investors fabulously wealthy. Enjoy
This is not financial advice. I am not your adviser. These are my ideas and what I am doing. Sharing for educational purposes only.
Lunyr Open Beta launch on January 30, 2018!Lunyr started to test its higher highs again. In a couple days they will have a Beta launch. Volatile period is coming.. Good limit orders will make good profits.
#1 Crypto Daily BTC/USD Any Bullish Signs? Jan 27 2018It has been a week of consolidation were price has been
going sideways in the range 10500-11800. There is a Hammer
candle still active from Jan 17 when price almost traded the Monthly S1.
Overall, trend is bearish both using Ichimoku and MACD, but the
last week this hasn't been reflected in pure price action, a situation
that can be called bullish pressure. Since price did retest the Cloud
after the breakout, it would be normal to see more losses and a
continuation down. Thus, the picture is more in line with
a deeper correction than an actual shift of trend.
What bullish signs are there, except the non trendconfirming price action?
We can see the MACD indicator about to make a cross. If price
breaks out of the tight range it is in, and close above the 12000
mark, chances are we will see more upside on the back of a bullish
MACD signal. Next resistance above 11800 is the 12600 Cloud resistance
and S/R level. Bulls would very much like to see a close above the
Cloud and the Kijun Sen (white equilibrium line) which would put
the upper end of the descending channel in focus, as well as the upper
Cloud. A close below the 10500 level from here will again expose
the 9000 support level.
The quiet price action of late with several dojis will normally result
in a moment of increased volatility as built up energy is
being released. Volatility has fallen back to the levels we saw
2nd week of Dec last year (ATR(14)) around 1500. This was then
a resistance level before volatility increased up till Dec 22.
Let's see if it will act support now.