RLC - On it's ass with a tiny MC, what more do you plebs want?Chart says it all. Based 50m MC coin. What more do you plebs want?
Cryptocurrrency
ETH Broke the Daily Lower High, BTC did NOTAnother good example of the importance of the BTC correlation.
We saw a strong bull break on ETH and push to higher highs, but we cannot put too much faith in the bulls, as BTC did not break bullish.
Now we have a bearish dump on BTC which is ending up looking like a big time fake out on ETH,
if you are not aware of the importance of BTC correlation.
This bull spike before the drop will have me pay more attention to the ETH bulls if we do eventually see BTC break the daily equilibrium bullish.
Otherwise I would be ignoring the break of the daily lower highs for anyone but BTC.
GAS on the RiseGas has had quite a few periods respective the 30 day EMA. Now that the EMA's are crossing and the symmetrical triangle is formed. Expect a nice gain from GAS. Purchase around 255 SATs if possible and set stop losses accordingly.
EOS - Triangle BreakoutThe EOS formed a symmetrical triangle on H1 chart. It is a type of consolidation, where none of the market participants (buyers and sellers) controls the price. However, it is getting close to the point where the breakout is expected. The best approach here is to wait for a valid breakout (strong confirmation bar) and then place an order.
Steem Price MovementSteem has been on a roller coaster since it's release. It's seemed to have formed a nice symmetrical triangle which is a nice but signal for short term gains.
If the candles remain tight over the next day, expect a nice pump in the price coming up to previous resistance levels. Potential for nice short term 10% gains, with a 4-5% stop loss to prevent against FUD.
BLZ Price MovementToken is relatively new and seems to be going on a nice rise. Expect a slight correction to come. If the coin stays within the range drawn, expect a nice pump up early April, testing higher resistance levels.
BitCoin- Heading to lower support line. Blue arrow shows where BitCoin broke support around 9573 line.
Yellow arrow shows old support, now acting like overhead resistance.
Red arrow shows short term price target, around 7463.
Long Lower Shadow CandlestickMeaning
If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began.
If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low.
The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant.
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Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part.
Good luck!
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Bitcoin by WyckoffCompared few charts of dow theory and Wyckoff accumulation phases came up with this. Our fundamental bearish signals can give us confirmation where we are standing there.
BTC-Bulls Charging?BTCUSD Looks like Wave C has officially ended with 5 Sub-Waves + 3 Corrective Waves.
We have a 5 Mini-Wave sequence to begin the Bullish Streak. I am expectiong a 50%-61.8% retracement that will happen in 3 Corrective waves.
Will update soon.
Stay thirsty my friends,
-AB
Inverted Hammer CriteriaCriteria
1. The upper shadow should be at least two times the length of the body.
2. The real body is at the lower end of the trading range. The color of the body is not
important, although a white body should have slightly more bullish implications.
3. There should be no lower shadow, or a very small lower shadow.
Signal Enhancements
- The longer the upper shadow, the higher the potential of a reversal occurring.
- A gap down from the previous day's close sets up for a stronger reversal move.
- The day after the inverted hammer signal opens higher.
- Large volume on the day of the inverted hammer signal increases the chances that a
blowoff day has occurred.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
HAMMERHammer
The market has been in a downtrend, so there is an air of bearishness. The
market opens and then sells off sharply. However, the sell-off is abated
and the market returns to, or near, its high for the day. The failure of the
market to continue the selling reduces the bearish sentiment, and most
traders will be uneasy with any bearish positions they might have. If the
close is above the open, causing a white body, the situation is even better
for the bulls. Confirmation would be a higher open with yet a still higher
close on the next trading day.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
BTC-Target for the End of the CorrectionBTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618.
This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn.
WACE C TARGET: BTCUSD $8898-$8143
Hold on...its going to be a little bumpy.
Count the WAVES.
Look for a Reflex Point that ends higher.
Count 5 Mini-Waves.
Count 3 Corrective Waves...Should be at 50% or 61.8% retracement levels.
Place stop-loss just underneath Mini-Wave 1.
Cheers!
Stay thirsty my friends,
-AB
CDTBTC Long OpportunityDescending Triangle
Risk:Reward = 2.5+
CDT is a great project.
Currently sitting on strong support that was tested 5 times.
MUSICBTC 300% Potential, Accumulation ZoneLooking great and a nice level to buy, will reconsider when i see movement
OKCASH in Supply Zone / Strong SupportLooking for a bounce on bottom of triangle or white horizontal line. Green box in bottom is the accumulation zone, green box in right is target.
INCNTUSD Accumulation ZoneINCNTUSD has bottomed and is at the previous accumulation zone. buyers lurking in this area, market cycle looks like it is restarting
Reason for RPX Dump and when to buy!Change the time intervals to see the head and shoulder and see the strong bear signals out of the descending triangle. Expect an increase around 1600 sats and an increase to the last resistance level of 1162
RPX Reason for price dip and potential buy priceNotice in the 4 hour chart a nice descending triangle. Then on the 2 hour chart you can see a head and shoulder form. There is slight resistance around the most recent low. If the price stays stagnant and the resistance stays, I would buy and expect a nice upward trend. It should be just around the corner.
Is DigixDao [DGD] the sleeping giant?Recently Digix announced that it was partnering with Maker in order to provide stable coins that are backed by physical gold to users.
Could this be a replacement for Tether? Digix has a long history of providing heavy transparency and is one of the longest standing ERC20 tokens on the Ethereum network. This alongside their 2.0 release coming real soon could make for an intense shift in usage that is already being seen over the last few months.
For more information on DigixDAO and Digix. See the official FAQ:
medium.com
EOS/BTC : 3 months of downtrend coming to an end?!! YES!!!!As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel
5 Waves counting is coming to an end as confirmed by the RSI
If you examine closely, every impulse downward created a lower low in the RSI
However the 3rd wave, usually the strongest, created an extreme low point
This makes wave 5 extremely difficult to create an even lower low!
so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon.
this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1
What now?....
Notice the major fibonacci retracement zone that i've drawn and how the BINANCE:EOSBTC is testing the 50% line?
i think it'll break through to complete the wave 5 and enters into ABC correction
Now of course if the price goes straight through then the bearish downtrend will continue...
But I think this is unlikely.
FUNDAMENTALS
EOS is built and maintained by an incredible team with amazing records of creating successful cryptos.
FYI, Co-founder of steemit and bitshares is also the co-founder of EOS.
Their Ico is ending june and will be going live!
Furthermore, lots of Vc has been announced and HUGE capital are flowing in
What do you think the price will be like in 2018? .......
