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Bitcoin possibly falling within the next 12 hours.BITFINEX:BTCUSD Current Trend Bitcoin had a short rally after a massive 5 wave fall from 2 days ago. The break of the supporting trendline from my previous post was fulfilled by my prediction of the break being Elliott Wave 1 for a movement to the bear side. The 5 waves have been completed and were looking for the ABC pattern before finally breaking weak support and moving down to the baseline of 7,300. Price Targets We're still looking an initial price target of 7,300 in the short term movement, before a further drop to 6,750. (6,750 is a conservative target as we do not know for sure how low toward the baseline on the daily chart price action will reach). RSI RSI is sitting at 35 at this moment and we can expect it to fall below the threshold for overbought after breaking the current level of support at the 7,350-7,375 range. It will continue to dip further when the price crashes to the baseline of 7,300 where traders will be validated to buying again - forming lower highs. Wedge The wedge formed around the 5 Elliott Waves and the ABC pattern will most likely be broken on the downside for price to hit 7,300 within the next 12 hours. Measured by the number of candlesticks left in the wedge. So expect to make some money if you have already shorted yesterday before the break of trendline. I would not recommend making a short at this time, due to the fact that once hitting 7,300 price will most likely rebound AND it could possibly reach the same heights as the price is now. --------------------------------------------------------------------------------------- Kept gains are less pains ElNOIV
BITFINEX:BTCUSDShort
by NOIV
ETH poised for BREAKOUTHello fans and expositioners! Seems we are ready for a bust-out moment! The only question is WHEN? If ETH travels to over $720 over the next couple of days hours, then the right shoulder is formed and prices should keep rising to $1,000 by June. On the downside, if ETH continues to fall then, then we should meet heavy resistance around $600. This should allow opportunity for ETH to complete a bigger right shoulder. If ETH crosses above the neckline, the sky should be the limit, although the super positive action should not be expected until July/August/Sep. There is NO scenario we can see where ETH enters a prolonged bear trajectory this year. Happy Hodling, from My-TA-Sucks (absolutely!!!!)
BITFINEX:ETHUSDLong
by myTAsucks
2
LTC/USD pair has broken through the resistance area at $138Litecoin jumped off the support area at $134 yesterday and went upwards. The currency pair has broken through the resistance area at $138 later on Wednesday. However, bulls have met a resistance as Litecoin price was close to the lower side of the Ichimoku cloud and buyers were unable to cross it. LTC/USD returned to the support area at $138 and even tried to cross it. The currency pair stays close to that level currently. The possible scenarios for LTC/USD are the following: 1. The currency pair will jump off the support area at $138 and will successfully test the lower side of the Ichimoku cloud. LTC/USD will have chances to move higher towards the next resistance level at $146. 2. Litecoin will break through the support area at $138 and develop its downside progress towards the next support area at $134. 3. LTC price will remain unchanged as there will be no significant moves. As for the daily chart, the situation here remains unclear as LTC price is close to the lower border of the Ichimoku cloud. We had a pin-bar yesterday close to the lower side of this formation. Check the full crypto analysis HERE
COINBASE:LTCUSD
by CryptoComes
3H ETHUSD BEARISH Elliot WaveAnticipating a bearish candlestick touch / CLOSE as high quality confirmation of the 680 PRICE POINT within this H4 Candle Best scenario will be on the NEXT hourly candle! (which opens in a minute but there is large volume of sellers at 696 right now. Maybe "backup") I believe ETHBTC is experiencing some divergence and will see some retracement closer to 700 on ETH I have a sell limit at 713.2 no confirmed SL on that though trade at your own risk... always!
BITFINEX:ETHUSD
by ZacharyHogan
Ethereum - Bullish Hidden Divergence or is it?The market had strong bounce from 0.236 fib level and lower triangle support. It is also showing a Bullish Divergence that is supported by MACD. Before it's able to push higher we need to see MACD crossover that would support upward movement and increase in buy volume which is almost nonexistent. The price needs to take resistance zone down with force (volume expanding) and 714 level down before it's able to continue it's bullish run. I'm watching this setup cautiously. The price meets upper triangle resistance and this area is also very attractive for selling. If the price gets rejected by upper triangle or resistance zone, it's likely to move to lower triangle support. Bottom of triangle has acted as resistance in the past and has turned in to support level. So this level needs to be tested first. If this area does not hold, then I'd watch for support zone formed close to MA100. Do not hesitate to ask question, I'm more than happy to answer them! Things to Remember - Stop-loss orders are strongly recommended. - Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back. - Do your homework before investing. DISCLAIMER: Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything. Yarr
BITFINEX:ETHUSD
by yarr
8
Bitcoin Analysis [UPDATE 25-04-2018]Further to the last update, price has broken out and smashed through the projected target at $9,350 reaching a high of $9,772. From here, I would expect profit taking to take place either to the bottom of the rising wedge pattern or the key support $9,000 level which coincides with a consolidation zone from last breakout. This level should offer solid support to maintain the BULLISH momentum. A break of this consolidation zone and the psychological support area will trigger a short term downward capitulation. The rising wedge can often signal a downtrend. However, do not panic as BTC can also breakout the top of the rising wedge trendline, hit targets near the $11,000 and then fall back rapidly to complete the rising wedge pattern. Let's wait and see how far BTC will correct now. Enjoy. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDLong
by hedgewithcrypto
Bitcoin Price Unable to Break the 9777 Resistance Level BITTREX:BTCUSDT started pumping from yesterday & Price goes to 8400 to 9777 $, Unable to break the 9777 price level. MA99 works as a support line from few days, now it already breaks. So Price might be drops to the 8900 Level, There is a trend line Support is here, If the price breaks the trend line support level then it can goes to little correction , But we have a Strong support line 8400 level.. ***** If You Like My Ideas,then hit the like button & Follow me for Latest Updates..****** ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** " Be Happy, Be Disciplined & Keep Smiling "
Short
by iamiyaranjan
ETH - Ethereum is rocketing Ethereum is looking extremely bullish atm, a continued bullish cycle with several upside breaks on the way as per the chart ^ analysis above ^ - Ethereum has broken the 1Hour resistance level @ 625.37, I would like to see price action hold above this level and distribute sideways before rocketing further into uncharted territory, which is a technical analysts dream - ie uncharted territory = path of least resistance for ETH. Why is Ethereum rocketing ? - Larger and more recognised altcoins continue to rally after a period of instability and the renewed confidence of adoption into the cryptocurrency markets. Ethereum also has been classed to have a 'more' decentralised Blockchain than Bitcoin - suggesting bullish momentum, investor confidence and further adoption / developments in the underlying blockchain technology and adoption of Ethereum as along term sustainable digital token ! The Daily 200 EMA (exponential moving average) is at 532.03 - suggesting the Bulls are in control, all the whilst ETH remains / trades above. Please feel free to Info@intelligenttradingacademy.com for bespoke charts / analysis on any cryptocurrency or altcoin. Please follow, share, like and keep an eye on updates in the financial markets Thankyou
BITTREX:ETHUSDLong
by UnknownUnicorn2262924
BITCOIN - Bullish on the 1hrFollowing the selloff in BITCOIN #BTC/USD yesterday, the pair has begun trading strongly today, after added confluence and finding traders willing to lift the offers after the pair found support at a key horizontal support level which was a 4hour triple bottom, the pair set up nicely in terms of price action to complete a bullish flag continuation pattern on the 1hour timeframe. With key existing SUPPORT & NEW resistance levels above, it will be interesting to watch how Bitcoin reacts to these zonal areas in the coming trading day(s).
COINBASE:BTCUSDLong
by UnknownUnicorn2262924
Bull fakeout back to 7800 in epic Bull vs Bear battle.Undeterminable due to the age of this market but new money is entering and bigger players can drive this cheaper to shake out weak hands. Always keep in mind what the big players are doing... If they choose to 'sell some coin' it makes a much bigger difference when they are moving 1000's of coins when you and I are moving closer to .5-2 coins. Upside selling pressure is still high. 5th elliott wave seems to have met its end at the end of Tax Season so we have money re-entering the market yet big players pushing things down to see if people cave. It's hard to say whether or not to bet big before the big run off or guard and stay a bit in cash. I think staying a bit more in cash might be a good idea for the next 2 weeks while keeping money available to be nimble. Keep in mind as well that Bitcoin dominance is still down which means the bitcoin is to be flooded with money 'soon' yet... is that now or 1 month from now? Either way it will be more that stock average return of 7% 12 months from now so you can't go too wrong by just jumping in now regardless.
BITFINEX:BTCUSD
by antifragilemachine
1
Bitcoin Analysis [UPDATE 16-04-2018]So I was about to post a chart on the 15 minute time frame about a short trade opportunity. However as I posted the chart the drop in BTCUSD had just occurred!! . Now that this downside break out has occurred already (and made a nice profit), BTCUSD could be setting up for a larger move down. I would wait for a small retracement to the origin of the small breakout before entering short. There is also head & shoulders pattern forming that on completion would test an initial target zone of approx. $7,500. There is a risk that this target can overshoot and see a capitulation towards the $7,000 level. Enjoy. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDShort
by hedgewithcrypto
VECHAIN - Buy Opportunity - 36% ROI - 3.8:1 Risk/RewardReasons why I will enter a short term long position using a stop-limit order: 1. Breakout triangle forming at base of consolidation zone 2. Tight squeeze with previous failed breakouts 3. High return on investment (36%) with 3.8:1 risk/reward 4. Similar break out pattern forming on the VENETH pair Enjoy. You can now follow me on Steemit: steemit.com Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice
VLong
by hedgewithcrypto
2
#BTCUSD - Fury Road Mad CryptoHey all cryptonauts, we have BTC following our plan nicely at this stage. To recap we had the bottom of the correction at $6400 and then a massive Wave 1 taking her right to my target $8500. This is a lot less stressful when you have a roadmap and I have tried to make it as simple and easy as possible for everyone to understand. No nasty technical jargon but a lot of color charts a 2 year old would love. Anyway we have confirmation that we are in Wave 2 retracing Wave 1 possibly down to $6800. The target area or buy zone is where most traders and algos enter the market. To add some protection stop loss at around the $6700. Wave 3 should begin to take us right up to the psychological block at $8000. This is the sell zone where you can offload and wait for the retracement or wait until the motive waves are completely exhausted. The exceptions to this plan are extended or truncated waves and Elliott wave failure in terms of rules and validations. I will update this as they become apparent. Finally keep an eye on the 4 hr and Daily RSI and Stochastic as they will indicate as a general rule when the market is waves are at the bottom and due to come back up. As always have a nice day.
BITFINEX:BTCUSDLong
by UnknownUnicorn2742699
1
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
COINBASE:ETHUSDShort
by UnknownUnicorn2262924
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
BITFINEX:BTCUSDShort
by UnknownUnicorn2262924
1