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Cryptocurrrency

Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections. Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
BITSTAMP:BTCUSDEducation
by JCBCrypto
BTCUSD Falling Wedge + 3 Diveson the 1D chart on the right, we have strong support, at 0.786 fib level, 200 Moving Average and downtrending support, also the bottom of the falling wedge. RSI is oversold, MACD is squeezing and getting ready to go up. on the 4H chart on the left you can see that BUY volume has reached an ALL-TIME-HIGH since December. Bullish! You can also see a nice green candle, that took BTCUSD from $8050 to $8850. I entered around $8400 and will hold. Will continue to add to position if drops to 6-7k, which is possible but not likely.
BITFINEX:BTCUSDLong
by JCBCrypto
1
PPT Downtrend overPPT downtrend looks like it is pending a breakout and has also formed a falling wedge, a very BULLISH pattern in crypto. buying the breakout or local swing high, selling on the way up. risk: low stop loss set at hard support (lowest white horizontal line) falling wedge (wikipedia) The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
PLong
by JCBCrypto
BTC Analysis 2/14/18The past few hours we've seen a breakout from "level 1 Support" trending towards $10,000.00. The Bearish scenario implies that the good news that has been made in the past 24 hours will have no lasting effect to influence buying and the pattern will continue to downtrend. The Bullish scenario we will see strong buying passing $10,000.00 and the price reaching between "level 1 and 2 resistance." This will be the determining move for the bear market to turn bullish.
COINBASE:BTCUSD
by Market_Mane
$BTC.X #cryptocurrency #BTCUSD still quite choppy and decidingif $6k was a floor or not. The choppiness has definitely told me to patiently wait for trending behavior again. However, in the interim, some patterns can be visualized - whether or not they have practical merit is another story. So, this post is merely highlighting it with neutral outlook on its resolution. Yes, I'm using the 15 minute chart here to evaluate the pattern and I agree, the value to a trader is probably low in this type of market but it's interesting nonetheless. The basic repetition is: an advance followed by 3 peaks, typically each declining in price relative to the last, followed by a sharp decline on high volume, testing support twice before the next advance. While I drew in this arc acting as "support", I'm not a huge believer in arcs since if they're off even a little it can lead to large changes in predicted support/resistance points. While it's difficult to know where the current price is at for this pattern, some possibilities are shown. I think the best usage would be the double bottom between each decline/advance, whereby you can define a rather tight stop loss. Other than that, all these lines are more of a musing while waiting for trending price action. I used Coinbase for this chart, but if you check the other major exchanges you can see similar patterns.
COINBASE:BTCUSD
by JustChartThings
1