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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
Looking At XRP Another WayThe Red Wavy line is the 50-day Moving Average on the 4hour Chart. This is acting as resistance. The Blue Wavy line is the 20-day Moving Average and that is closing in on the 50. It too is acting as resistance. The Gold Wavy Line is 9-day MA and it follows along. The regression channel indicator captures the bearish trend nicely. However, this tool is showing me that the upper channel is in play since the 22nd with a retest in the 26th. If the prior action (4-day cycle) hits the mid-level of the channel then I am inclined to believe that the bears are still at work. But this is looking weaker too. It is my opinion that XRP will push to resistance in the short term-48 hours or less-If the price does not hit support by 31 Jan. The Short-term Fib shows the last move retrace to .786 and is now at the .5. .236 and .382 is structural resistance.The top end of the regression channel also shows the.382 as resistance. The regression channel was drawn first. Lastly, XRP does have a repetitive history of this movement followed by a rapid downward movement. I expect XRP to consolidate in the next 48 hours. That will be an area that the skilled traders can work magic.
BITSTAMP:XRPUSD
by ramonbenavides12
2
BTC bulls establish higher low on 4 hour. Things going as anticipated in the video yesterday. Bulls topped out in the later afternoon/evening and consolidated to form a higher low on the 4 hour. EMA 12 and 26 resistance on the 4 hour currently keeping the price contained. Bulls need a break for continuation on this bounce. If we cannot break the high of the bounce this morning, look for a lower high and an equilibrium of sideways trading. Bulls still have momentum in their favor on this bounce. BTC continues to be the leader to watch for correlation to the other names, including most alt coins. 15 min higher lows being lost would indicate we enter the sideways trading scenario.
COINBASE:BTCUSD
by TheChartGuys
New Small Cap Cryptocurrencies > BTC / LTC / ETHThe big 3 have been greatly outperformed by other investments and will continue to do so, in terms of % returns. If you feel like you "wish" you bought ETH, LTC or BTC at the beginning of this year, just know there is better opportunities in terms of returns. Currently our team is looking at: - SNOV - DRGN - HUSH - SPHTX - RVT - MSP - LUX - XMG - DBC - PHR ...and are evaluating many more. You can find them in our newsletter by doing a Google Search for "The Crypto Labs" Here are some tips and things we look for in finding small caps: - first to market ideas - great teams - good market penetration - unique ideas - good whitepaper - real-world use - low circulating supply - overlooked - small market cap (<10M) - bright roadmap - positive testnet/mainnet
BITSTAMP:BTCUSD
by JCBCrypto
3