Get started

Cryptocurrrency

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
ETH/USD Fib Extension & Continuation IdeaAssuming this latest bull run is still in tact, our 23.60% fib retracement level ($160) has provided strong support 3 times now and on high volume. I expect some volatility in between our 23.60% fib ($160) and the top of our bull run before the fib extension ($184) before ultimately consolidating and pushing for new highs. I will be a strong buyer all the way down to our 38.20% fib level ($144). A breach of this level could cause concern for a trend reversal, which would be confirmed with a break of our 50% fib level ($135) Keep in mind these price targets are not exact, and can vary by a couple % in either direction. These targets are used as a general idea in understanding the direction of the market as a whole.
COINBASE:ETHUSDLong
by Mooosebumps
Rippling is starting to RippleFor those who have been Rippled by Ripple, if you get in very soon maybe even as of 2 hours ago and still even now you may stand a chance to Ripple the f^%$ out of Ripple. Many once like I was rippled at their first climb but I refused to admit it, people in public would point and laugh as I shopped for groceries. I told my friends I was staying strong with ripple and that one day I ripple the rippler aka XRP, they too laughed and said I would not win the battle. I stand here today proud to say I rippled ripple and you may get the chance as well but the battle may be slow as it was for me. I go on to fight this journey until XRP hits 30cents although that may feel like the beginning also. If your in already enjoy the fight. If your not in, then join the fight if you please. If you do make sure you join when you see a big fat long red candle stick aka 'The Red Rocket', because I believe we are going up and if you join then it you will see green. If you join while we are at a peak and are not experienced do not panic if you see red for a few days, weeks or months, that's just blood and in battle there is always blood to shed. To those about to Ripple we salute you! P.S this is continuing my previous post
by donmecha
3
BTCUSD, SHORTFundamentally speaking, whatever goes up must come down, but the question is when. BTC has been proven to the new XAU. From a technical stand point however, I anticipate BTC to go up higher. Then dropping down dramatically on the macro level. At a micro level, here, in 120, we can note that we're in a corrective state, after completing the final wave 5 of Elliotts Wave. The correction has retraced past the 61.8 level of wave 5 and has maintained its levels above this. If we break above the resistance levels (1346.09) we can expect a move up. However if we break below 1300 its a sell down to 1285.47 Lets see how this rolls out ;)
BITSTAMP:BTCUSDShort
by EJSM
1
Ripple breakout above pennant, 100 day MA and long term supportRipple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high, which is a bullish signal. All in all, a lot of room for ripple to run between diagonal lines 1 and 0. Watch the RSI closely to see if XRP can continue this run. If we lose momentum we will likely see support build between green support line U and the 62% retracement. Consider taking profit now if you haven't already. Those who are building longer term positions, keep accumulating on dips.
Long
by FOMONOMO
Poloniex : BLK would it be able to break the resistance?The history of black coin is a little bit interesting. Near the end of May in 2015, it made a huge spike up to 23000 Satoshi. But, after that, it never broke above 11000's resistance line. Last few days, it moved toward that line again but, it moved up to 12000. You may think : "Great, it will break through it". But no my dear friend. two days later, we can observe that the shadows of the candles never met that price again and not only that, it even didn't touch 11000. So? There is a chance that market would try once more to meet this resistance line, either it moves toward it or it will not, after few days, the price will move down to meet the 23.6% retrace and that is when I would personally expect a correction move upward.
B
by CAB_Member
MAIDSAFE Super Trend - Decision PointWhite trend line (super trend) acts as bullish trend to signify re-entry/rejection. Rising Wedge pattern plus super trend re-entry with higher closes and higher lows gives high probability movement towards the upside to finish off the 5th leg to 0.00034. Possible rejection if price action moves above the super trend but returns back below. Ideally long positions have been opened from below 0.00013 for a 2.6:1 R/R. Pattern invalid if price action breaks and closes below 0.000115. If you miss this movement, look for an entry on pattern completion at 0.0001. A very low risk, high reward long position may be viable again in the future in ~1-2 years. Price action may regard that a break of 0.0003 will signal major bullish movements above and beyond target. Fundamentals of cryptocurrency market with geopolitical analysis show an affinity toward large investments in the crypto-sphere. This is not investment advice. My personal opinion is to hold physical positions rather than margin positions. A diverse investment strategy covering a broad spectrum of ideas and support for those which make the most logical and rational sense, will be the smartest decision to minimise risk and maximise profit potential.
MLong
by Yahweh
Poloniex : BELA DROP my dear friend DROP!Bela broke way high above what any one would expect, at the peak of it's pump, the volume was total of 2000 BTC , now? only 25 BTC as the volume . There is no way in hell that this market can hold up and it will drop, at least to the 23.6% retrace, but, there is a small support line bellow that retrace that many people may ignore. My personal observation of alt coins being pumped is that many many times, they break bellow the 23.6 target and many people wonder what stops the market from hitting the 0 retrace. That my dear friends is this small support lines. supports that most of the time, because of the huge spike on the price, we ignore but if you observe carefully, you will see that is a little bit above the old time high price and it is possible that it can stop the down fall of this market's price at that target. For time being, this coin will bleed !
B
by CAB_Member