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Cryptocurrrency

NEO Key resistance test approachingAfter 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look for a lower high on the daily compared to the all time high, and an equilibrium pattern to develop. I will be back to highlight this if we get the break!
by TheChartGuys
7
Bitcoin Cash 12 August 2017 - stand asideApologies for those who love Bitcoin Cash I'm not a big fan of it as it stands today (tomorrow is another day I may love it). I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade. Now for me, this is NOT a trade I want to take, for several reasons: a) I think BCH is finding its feet and I don't want to tie up my capital while it does b) there isn't enough data to objectively assess its direction c) I am not interested in Risk Reward 1: 1 trades - there just isn't enough meat on the bone Now I may be wrong and it may explode but it can explode without me, thank you very much. Be discerning look for quality trades not just throw darts at a dartboard. So this is a stand aside trade ie no trade. Hope this helps, Sean Vengan Professional Cryptocurrency Trader and Trading Educator
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by UnknownUnicorn1063189
13
Bitcoin Long term GrowthI have shown Bitcoin all the way back to 2012 on a log plot. On a log plot, a straight line represents exponential growth. The green line here is a growth rate of 3.8X per year. Notice that this is an extremely strong support line. Even when looking at the daily and hourly charts, I use this chart to evaluate the position of bitcoin on a long term scale. While we are currently slightly above this line, we are no where near as far as we were in 2013! If this support continues, expect Bitcoin to reach $5000 by July/Aug 2018.
BITSTAMP:BTCUSD
by Ignition-FX
1
Nobody knows the futureYou can't be confident with your forecasts on 100%. That’s why we estimate two scenarios at once. You can be either bullish or bearish. On our chart we show how to act in the worst case scenario and how to act in the best case scenario. For basis we are using BTCUSD chart from GDAX (Coinbase Exchange). We have used: 1. support and resistance levels 2. figures 3. fibonacci retracement 4. moving averages 1. From my observation historical and psychological levels are always very strong it doesn’t matter if they are support or resistance levels. We decided to take four levels that have core role for the next one-two months: * $1700 * $2000 * $2700 * $3000 2. Additionally to the price levels we applied figure analysis which includes: * Head and shoulders - bearish * Ascending triangle - bullish 3. Another indicator that always proves its dependability is: * Fibonacci retracement (critical levels are 0.618 and 0.382) 4. And the last one, but not the list is: * Simple Moving average (14 and 50 periods) We emphasize again, that nobody knows for sure where the market goes up or down, however you can prepare yourself with asking a simple question “What if” ? 1. What if the price breaks $2700 price level, 0.618 Fibonacci retracement level, MA 50 crosses MA 14 and ascending triangle will continue its forming? If four indicators are bullish the best point of entry will be $2800. 2. What if the price will find resistance level at $2700, break the 0.382 Fibonacci retracement level, “head and shoulders” will continue its forming and MA 50 will be crossed by MA 14? In this case bear position can be more appropriate and the best point of entry will be $2400-2350. 3. The third scenario will be flat, however based on previous fundamental news from Ethereum a lot of investors and traders converted their tokens in Bitcoin which created additional volatility on bitcoin market. Trading inside the channel we will discuss later. Risk disclosure: Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. We are not offering to take this information for granted. Thus, be careful with your trading decisions. Do not be greedy, do not be panic - be an intelligent investor! Sincerely, Cryptocurrency Fund L.P. medium.com
COINBASE:BTCUSD
by EQBM