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Ethereum Long OpportunityPrice is currently sitting between a .618 and .786 retrace from the all-time high. A bullish fractal confirmed in the new year. Price is also below the volume point of control. Entry would be anywhere between the .618 and .786 levels. Short-term targets could be a 50% retrace or the point of control. Notice how similar these levels are. Fundamentally, Ethereum Enterprise is finding a footing in the legacy banking system. Also, there seems to be a lot of uncertainty in Bitcoin. Ethereum and Bitcoin tend to be non-correlated markets.
Long
by mkoller
Steem ready to interrupt the current downtrendAfter weeks of continued price decline in the STEEMBTC currency pair, a change to the upside might be at hand. We have seen earlier that a break of the major downtrend line led to some substantial upside. In addition, this time the newly unfolded downtrend line coincides with the 2/1 Gann line, drawn from the high to a significant local low, suggesting the significance of the entire Gann fan. A break of such line indicates a move to the next Gann line, i.e. 3/1. How soon STEEMBTC reaches this line can only be guessed. In the scenario outlined on the chart there would be a potential profit of 250% and a potential loss of 15-25%. The stop-loss is determined just under the current all time low. I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
Long
by RustyRue
10
Bitcoin fever!Trend remains up!Last weeks we had a lot catalysts on Bitcoin,some of them were the desicions for regulations on it from Bank of China through the chinese exchanges.All of the three major Chinese exchanges – OKCoin, Huobi and BTCC – announced at the beggining of this week that they will start Bitcoin withdrawls but it was just yesterday that announced that they will postpone the resuming of bitcoin withdrawals. Plus we are waiting for the approval of ETF based on Bitcoin.The forthcoming SEC announcement about whether or not a Bitcoin ETF would be allowed could have also played a role in recent price movements. Some have suggested that the declines resulted from insider trading and speculators betting that the Bitcoin ETF would not be approved.The hedge fund Global Advisors Bitcoin Investment Fund (GABI), in a letter to subscribers, noted this week that it believes there is only a 25% chance the ETF will be approved. Despite those facts as we see we had only a minor 23,6 fib retracement and bounce of significant suppot around 1140$ area. As we see a 4 wave elliott structure has formed and we are waiting the 5th wave before a bigger correction occurs. Bitcoin trading and exchanging base is growing rapidly,demand follows... Bitcoin fever is spreading in a tremendus pace globally and it's difficult to stop it as facts show us even if you are PBoC....
BITSTAMP:BTCUSDLong
by The_Greek_Trader
1
Will Monero (XMR) hit a new all time high in May?A bullish pennant (in green) has been developing since a bounce off of support at 0.0096 in late December 2016 reaching a peak and finding resistance at 0.0167. A cup & handle pattern has been clearly identified and at first it looked as though XMR would be ready to take off in early February 2017 buoyed by the anticipation that Jaxx would be adding an XMR wallet to their multi-platform app. As news came out that this addition would be scrapped for the foreseeable future the price took a tumble below Support Line A which had been holding since November 2016. The price eventually found support around 0.0118 and from this we can see that Support Line B has begun to form which has held firm for roughly 2 weeks now. On 14th February we began to see a rapid climb up in price again, almost reaching the price level of late January, but it was unable to break through Resistance Line A (formally Support Line A), where the top line of the green pennant transects with Support Line A at 0.0137. This coincides with Bitcoin's current bullish sentiment, which despite the negativity coming out of China that BTC and LTC deposits and withdrawals would be halted on Chinese exchanges for a month whilst AML (Anti-Money Laundering) systems were upgraded, anticipation of the BTC ETF getting the go-ahead along with issues of a far greater geo-political context are encouraging a run into BTC for speculative as well as safe-haven purposes. Bearish sentiment should be prepared for however if the ETF gets rejected, and one major crypto-currency which could gain the most from this result is XMR, which unike ETH for example, is designed to be a currency, whose privacy features are far more advanced than BTC and is not currently bogged down by the infighting surrounding the blocksize debate. Now, looking at the pattern as it has developed so far, we can already see that XMR peaked in Sine 1 in September 2016 followed by a trough in Sine 2 in November. A peak occurred again in Sine 3 in January 2017 and it is here we can see the price working its way down (even though the pennant is bullish) aiming for Support Line C. All signs currently point to a much higher trough in Sine 4 (a higher low) which is a very positive sign. If sentiment for Monero holds strong we might see a break outwards and upwards of the pennant by the end of February 2017 with Line B as the support until a break through Resistance Line A is achieved. This would take us into Sine 5 - the area judging by previous price movements which can be expected as a peak price area with a pinnacle price point in May. If sentiment veers more to the weaker side we could see the price drop through Support Line B to continue the part-completion of the pennant. However, as indicated in the chart, pressure from Support Line C along with support around 0.0118 could then be the springboard which propels the price upwards into Sine 5 beyond the level achieved in Sine 3. Currently the pennant suggests that when it completes, the price it targets is 0.0185 which is in a region of resistance/support from way back in the Sine 1 time-frame. A break through this area might help propel us into the 0.0200 zone which could then very well see a new bubble in price forming as excitement surrounds where it will rise to next. Will Monero hit a new all time high in May? To be continued...
Long
by CryptoCoinNomad
1
Bitcoin and crypto trading tips #1 - Trendlines and logarithmicHi Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline. It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they begin a downtrend. However using the logarithmic for trendlines view can often give a better idea of where the price is likely to return to. The price will often never return to a trendline drawn using the non-logarithmic scale if the trend is a very healthy crypto trend. If anyone has any further thoughts or disagreements about this I'd interested in hearing them. Cheers, Mark
KRAKEN:BTCUSD
by MarkLudgate
2
BCY potention movesSome renewed interest in BCY could help it get over the threshold up to the next resistance point. After that I think momentum will eventually help it get over that. Add to that the fact that the game itself will launch fully in March, apparently, and assuming all goes well with that then transactional value should help it up. I'm looking to get in on that next retrace (A) if it looks good at the time. Alternatively, it goes down before all of that and maybe we'll just have to look again in a few weeks.
BLong
by nathansonic
1
Great time to go long MoneroBest opportunity would be around 0.0125. If it goes below 0.0114, I would be selling. Why long? The reason is that Monero is the first nearly fully anonymous cryptocurrency. By the end of the year Monero will be fully anonymous and it will finally have a GUI, so that people can use it with ease. It was 2016's best performing cryptocurrency and is now traded on 3 of the top 10 western exchanges (Bitfinex, Kraken and Poloniex). It is also Bitsquare's most liquid trading pair (XMRBTC). Also, many many prominent Bitcoiners are respecting Monero's team and their achievements.
Long
by BitcoinMacro