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How to deal with binance?Well, I did not expect such a great downmove since binance listing to be honest. But there are some things to be discussed: 1. The price is near at the breakout zone before binance listing 2. nevertheless there are a lot of improvements since then such as binance listing itself and the VPN partnership with trustzone 3. fundamentally bcn is a lot undervalued at the moment looking at the facts, at 26th may there will be a new roadmap updated 4. coming from stock trading i used fibonacci a lot as you can see in the chart, due to fibonacci a movement corrects at least to 23.6 which is about 0.22Cents depending on Bitcoin price 5. the first binance price was 0.0001 but on a very low volume, nevertheless we should take that chart for granted, there is some potential to move up the fibonacci letter...
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by Richart
CHATBTC Descending Triangle 3 Day OutlookWe've been in this disgusting descending triangle for the last few candles shown. This is news for all you bears out there, in the short term we're looking at some decline. Candle touched the descending line at the 0.618 fibonacci retracement and was rejected hard, you can see where with the red arrow on top. Stoch RSI is overbought and we're on a decline there as well. Looking at the third indicator on the bottom, Vix Fix by Chris Moody, shows that we're not at (or near) a market bottom. We're looking to bounce in this wedge, and looking to break (hopefully upwards) in 3 days, keep and eye on the time block. Happy Trading! -Banana
CShort
by xBanana
BCH - CASTRATED BULL......?????With BCH only 31 weeks old we are still dealing with a bull calf, well known for their sudden bursts of energy, high testosterone levels and aggression, after castration normally before 52 weeks these bull calf's (now called a steer) tend to mellow down with the added benefit of reduced aggression due to lower testosterone levels, high muscle pH, higher quality grade & demand higher market prices, which one do you prefer ? The BULL - one angry aggressive fu**k with high levels of testosterone, low quality meat followed with lower market prices.... The STEER - tuned down aggression, high quality meat followed with higher market prices.... I prefer the STEER, but to become the STEER we need to go through the castration process ! Falling wedge = bullish Ascending triangle = bullish Oversold RSI = bullish Declining volume = bullish
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by fiat4crypto
3
NEO/USD Sideways In Neutral Territory March 4 2018Price is trading inside the Cloud in neutral territory. From a Ichimoku perspective, with slightly higher highs/lows, it may be waiting for a bullish Cloud twist, before making a real breakout attempt to the upside. Ofcourse, Bulls may worry that price has moved below the Weekly pivot point at 122, but we do see the yet untraded Monthly pivot point at 114.5 which price tend to gravitate to, especially in neutral trend like now. It is likely to see a test of it and it is also unlikely that it crash through it to the downside, at least without a retest. If price takes out the 108 and close below it, we might see a sharper drop. But the most likely scenario is some more sideways action before a Cloud twist and possible buy signal with a close above the Cloud on this timeframe.
BITFINEX:NEOUSD
by CapMoore
Ascending broadening wedge - two possible scenariosThis is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the bearish breakout. What do you guys think? Below are some interesting facts to use in your strategies: Bearish breakout If the wedge’s lower support line breaks, the probability that the price will reverse and continue back up is higher than it falling lower. The odds are close at about 51:49. Selling at a downward break of the mid line of the pattern greatly improves the odds of success. If the price breaks the mid line of an ascending broadening wedge, there’s a 53% chance that a further downward move will happen. Bullish continuation From historical currency data, there is about a 55% probability of a further bullish advancement after a break of the upper resistance line. The bullish move lasts at least for the same duration as the pattern itself. Based on historical forex data, the ascending broadening wedge typically ends in a bearish or downwards correction in price. But only just.In 47.8% of the patterns, the upside move was greater. Reference/Read more at: forexop.com
COINBASE:LTCUSDLong
by telnemri
2
Gold long term Triangle Broken or down and finish 5th leg?Without a doubt this test above the 7 year downtrend is Gold's best shot yet to breakout and begin a ferocious move that will coincide with the dollar getting crushed like the 1988 Rothschild owned Economist cover where a phenix rises up in the ashes of the burning dollar with a coin around its neck titled 2018. Something is about to happen. We all know that the system died in the last crisis, that they need to go below 0 in the next crisis and that the debt cannot be paid. China has been given the torch from the IMF in digitalizing to a future cashless society run by blockchain technology. A grand solar minimum is on the horizon and China is well aware of what it will do for the world based on dynasties falling corresponding to grand solar minimums. With the insider hacking done to bitcoin exchanges as late as last year one can wonder if the cryptosphere was intentionally perpetrated and pushed forth to lay the foundation for accepting this new monetary system where dollar eventually will be meaningless and all crypto will be pegged to a new system. Will your wealth be preserved in this transition? Do we honestly think that the central banks/imf are not to benefit from everything in the end? I wouldn't take the bet on outsmarting those who control our wealth at this point in history whereas their last wealth transfer almost is complete. Their is rabbit holes to dig deeper into all of this through the china ACC, SDR, new world order agenda.
FX_IDC:XAUUSDLong
by thefreedommatrix