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CountOnCrypto - Altcoin Forecast #2 - 16/02/2021Here is another altcoin I have just invested in, I believe this coin has high potential to return to it's all-time-high and beyond as it regains market cap. The CM Williams indicator indicates that we have bottomed out and we are nearing another bottom. I think that as this is a Finance coin, there is a higher probability it has better long-term potential. My mid-term target for this coin is $500. Before investing any money in the market please do your own research, Cryptocurrencies are and can be very volatile which can result in equally big losses as gains if you aren't experienced.
FTX:CREAMUSDLong
by CountOnCrypto
The Ethereum Dilemma.Prices trading near a horizontal level are always my favorite positions to discuss. Here, we can consider two great opportunities with good risk reward. Entering near a horizontal area ALWAYS gives great risk-reward, which is why you'll see me often talking about those. The first and most obvious trade here is a long trade upon the breakout. However, we have already seen a breakout here with two wicks slightly above the resistance and the price did not manage to pull through. The second trade idea would be a short trade on the reversal near the resistance, assuming it would hold. This would be a great idea too, yet risky as the price is in a clear uptrend and the entire market is in an uptrend right now. That's why in this case I suggest waiting for confirmation before entering a position. If it clearly breaks out upwards go in with a long trade, if it clearly moves downards again go in with a short trade. However, to make things complicated. I don't see the volume and volatility either to go all the way to the all time high right now or back to the $1000 level. That's I would suggest to keep this trade small for now and trade towards the smaller horizontal zones. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSD
by Trading-Guru
19
Corrections are Healthy for BTC - Here's Why!In the run up to the ATH of 19.6K-19.8K we had 10 strong corrections. Listed below: 1300 -- 32% 22D 1800 -- 15% 2D 2800 -- 34% 2D 3000 -- 38% 35D 4400 -- 19% 5D 5000 -- 40% 13D 8000 -- 30% 4D 11400 -- 21% 2D 16600 -- 24% 2D TOP of 19600 -- 43% 5D From Bitstamp taken from wick to wick of candles - max distance So far we have only had 3 Each about 10% and only lasting 1-2 Days, being bought back up rapidly As a result these last 3 Days of red have caused lots of panic as that rapid buy pack wasn't present - people fearing market death when some of the above corrections took above 5Days The corrections allow liquidity to be hunted, allow more to enter the market at more attractive prices, causing price to move past the point of correction! Lets see... My Plays: We have bounced from the 1.618 over that macro period I want to see a close above the daily chart resistance of 33000 on the 4HR and 1D candles - if not I will be shorting as the correction will not be done If the drops continues, bullish divergence on the 4HR or key levels such as 29100, 24400 maybe even 20000 will be where I long and that's where the run will continue
BITSTAMP:BTCUSD
by InvestmentsHub
5
OST/BTC LONG - 196 satsHey everyone! So many setups developing in the market right now.. It's actually quite crazy I present you a valid upside setup on #OSTBTC with a good Risk-Reward-Ratio, valid Fibonacci as well as nice balance - shown in blue. When I mention 'balance' I mean this: the drop from our 1H to 1L is steep and quick, whilst the decline from our 2H to 2L is gradual. I like to think about it as fearful sellers getting out on the first downward impulse, and the second impulse is comprised of mostly impatient sellers who want to allocate their money somewhere else. Either way, both of these are critical as this allows for the weak hands to get out and enables the market to move to higher levels in the future as a lot of the selling pressure has disappeared during the consolidation period. So here is, a beautiful, textbook setup in OST Take care, Vlad The Crypto Trader
OLong
by Be_Independent_Tribe
Ethereum Struggle With Key ResistanceEthereum is struggling to settle above $148.00, however, with little success so far. The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may continue towards $142 (27th November low) and psychological $140.00. Once ETH/USD manages to pass an immediate barrier at $148.00 (23,6% Fibo correction on the last fall since 6th Nov.), the upside may be extended towards psychological $150.00 reinforced by a combination of 50 SMA and the upper line of the Bollinger Bands on the 4-hour chart. We will need to see a sustainable move above this area to improve the short-term technical picture. The Relative Strength Index (RSI) indicator is trending around 37 on the daily chart, next to the oversold zone.
BITFINEX:ETHUSD
by ForexTrendline