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Crunch time for STRToday (or tonight) could be a decisive moment for STR. We are approaching a point where multiple trendlines, both longer term and shorter term ones, converge with the 61.8 fib line towards a spot area that might mark an important point for STR. (see blue arrows). For one, we are now pretty much smack bang in the middle of two long-term trendlines (purple dotted lines). Additionally, we are getting wedged in between the 0.382 fib speed resistance fan level support, the most recent uptrend (yellow dotted line), as well as the downtrend coming down from the recent high of 449 (red line). So the big question: Quo vadis STR? If we manage to break the 61.8% fib level at 312 again while breaking the downtrend line (red), we could see the next rally to the last Gann fan 8/1 resistance line, but that won't be easy to crack. If STR punches through, that might be the recoil before the breakout. I'll keep my eye glued to two main signals that might mark the breakout from a cup handle. After that potential scenario, I suspect a susbstantial rally is on the cards indeed. Aloha! moontumble
SLong
by moontumble
Going long on PINK with ATH breakoutPINK recently broke out and hit an all-time high market cap of $693k, #154 coinmarketcap.com. (Sorry for all the color on this chart) my target price range is 196-220 sats before it will find the next level of resistance and retrace to find new support. The highlighted area in blue under the target price was the previous breakout range where there was a double top formation that could potentially form support on the next down turn. Nevermind the timeline, this will most likely happen over a short period of time. Overall, I'm bullish on PINK for the low market cap (allowing easy upside) and the potential for growth within the charity donation space.
PLong
by DogGuy
Bitcoin future looks uncertainHi there, I'm a 20 y/o noob trader from South Africa. Have recently become interested in BTC. Here is my first idea: It appears to me, that coming into 2017, BTC began exhibiting the first signs of an Elliot wave developing. I have marked this Elliot wave in blue. The reasons I consider this movement to be in line with that of an Elliot wave is as follows: Waves within an Elliot wave are perpetuated by movements between optimism and pessimism in natural sequences. These differences in attitude create patterns in the price movement. Properties of an Elliot Wave: Wave 1 - Hardly ever obvious at its inception, previous trend is still considered to be in force. Wave 2 - Corrects wave 1, never extends beyond the starting point of wave 1 however. Bearish sentiment builds. Volume is lower than wave 1. Wave 3 - Prices rise quickly, corrections are short-lived and shallow. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. (volume higher than wave 2) Wave 4 - Volume is well below than that of wave three . This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend. Wave 5 - Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Now, we see that in 2017, BTC has been met with resistance at around $1050. You will see on the graph, highlighted in red circles, that BTC has tried to penetrate the 1050 channel for a while now, and keeps being met with resistance, only to find support at around 900-950, hence the 950 support line. Even today, 29/03, BTC struggles to maintain its price above 1050, but sees strong support in the low 900s. Right now, I would short at $1050, and hope to catch BTC at about $950 within the next few days - presuming it heads down. Should this happen, another option that opens up is going long at about $950, where BTC is sure to bounce off support again up to $1050 resistance. TL;DR - Would short now at ~1040, wait for the dip and 950 in the next few days, and then go long. HOWEVER, should BTC continue to climb into the $1050 resistance channel, we could then see that channel acting as SUPPORT. So keep and eye and be careful. Happy trading! ~Callum~
BITSTAMP:BTCUSD
by UnknownUnicorn897809
2
Ethereum likes technical analysis...Recent `war` on Bitcoin lead a lot of traders of digital cryptocurrencies to others options,such as Ethereum. Ethereum`s triangle ABC broke upwards. We can create the first target by clone bc side of the triangle and move it upwards to AD. We can see that the first target is already reached. The second target T2 it`s created by EF if we clone AB side and put it at the day price broke the triangle. We can put a stop loss inside the triangle and above a very good support at 45 area. Volume appears to be more intense on upwards moves. LONG AT 60 AREA STOP LOSS AT 45 AREA HAPPY TRADING GUYS!
BITFINEX:ETHUSDLong
by The_Greek_Trader
Fate of BitcoinAs price going down, we can see the volume is rising slowly, but not meaningful big positive vol. until now. We can see 2 meaningful S/R line around 1000 and 953 dollars The pink one : candle broke this line at 8pm(UTC+9) and after candle couldn't rise than 953 line. so i guess that red rectangular area was good chance to take short position. The black one: in the right frame, we can see black line supported candle on 9th Feb, and then 19th March. but this time candle broke again going down and still under black one. So, if we don't have any bitcoin, i think we should wait until the candle break black one making stubborn bottom with checking positive volume. and if we already have any bitcoin, it is not good timing to enter any position and at the same time not bad timing to anticipate rising again.
BITFINEX:BTCUSD
by KLYP_Investment
Bitcoin Crisis (4h) After finishing big downtrend since oct. 2015, when bitcoin meets a crisis for each time, we can see candles move horizontally around EMA 633 and be supported by that. For example, as you can see in the left red box, the time when Bitfinex get hacked in august 2016 and sudden big downtrend by China in January 2017 and the last one is nowadays because of rejection of ETF and negative issue of bitcoin hard fork i guess. And also this time we can see candle is supported around 980~960 dollars with EMA 633. Let's wait and see whether this area would be broken definitely or not.
BITFINEX:BTCUSD
by KLYP_Investment
2