Bitcoin cash: the upside prevails as long 375.1 is support.The RSI is trading above 70.
This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 377.1 and 372.4).
Our preference: The upside prevails as long as 375.1 is support.
Alternative scenario: Below 375.1, expect 365.3 and 359.5.
Cryptoideas
LTCUSD: the RSI is overbought.The RSI is above 70.
It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case).
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 135.3 and 133).
Our preference: The upside prevails as long as 135.1 is support.
Alternative scenario: Below 135.1, expect 130.8 and 128.2.
Doubling your Money with DOGE #DOGE #CRYPTOIn this post i will discuss how to double your money with Doge.
A symmetrical triangle occurs when the up and down movements of an assets price are confined to a smaller and smaller area over time. A move up isn't quite as high as the last move up, and a move down doesn't quite reach as low as the last move down. The price moves are creating lower swing highs and lower swing lows.
DOGE is showing a fantastic Triangle that has occurred in the past to the upside.
How I like to trade:
Best Entry is the retest of the breakout
StopLoss: In this case, is inside the Triangle after the Breakout occurs.
Targets: All Targets are very clear at the Resistance Levels. I like to take profit along the way in case the unexpected happens.
Happy trading.
Please support our work with like and comments.
#DOGE #CRYPTO #CHARTPATTERN
ETH/USD - Ethereum, Trade Idea! ETH/USD - Ethereum, Trade Idea!
It could be time to sell, further confirmation is needed depending on your trade plan.
Technical aspects:
Pattern: H&S / Triangle Formation
Key Resistance: 4033.10
Key Support: 3524.10
A break to either direction, on S&R areas will show clear direction of where Ethereum is heading.
Key Tip: Follow your own trade plan for further confluence!
Have a great week ahead.
TJ
YFIBUSD is getting ready for the sellYFIBUSD is losing momentum, while hitting a big volume of sell orders. I think it's about to drop. A good price action any moment from now is a good SELL. I will keep you updated if necessary. For any questions or opinions use the comment section please. Thank you.
BTCUSD. Local Reversal Hello Fam!
Bitcoin left the ascending channel, it correlated with a rejection of the horizontal resistance. Now we have support to be visited & more downward if Bitcoin crosses it.
Good luck to you!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
Rounded Top and BottomI am back with my new idea On chart pattern. Today, we will discuss about rounded Top and Bottom.
So Let's talk about rounded Top & Bottom . First of all i Made chart , You can see on screen.
This is >
(+) Rounded Top :
&
(+) Rounded Bottom :
The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while
in the case of a rounded top, from bullish to bearish.
we can easily check signal of buy and sell.
The Rounded Top formation consists of a gradual change in trend from up to down.
The Rounded Bottom formation consists of a gradual change in trend from down to up.
This formation is the exact opposite of a Rounded Top Formation.
The rounded bottom formation forms when the market gradually yet steadily shifts from a bearish to bullish outlook while in the case of a rounded top, from bullish to bearish. The Rounded Top formation consists of a gradual change in trend from up to down. The Rounded Bottom formation consists of a gradual change in trend from down to up.
This formation is the exact opposite of a Rounded Top Formation.
Thanks you for your valueable time...
XBTUSD: Scalp LongLonged here, will see how it goes. Also expanded my stop, because the price may well go into the red zone, if so - I will buy here.
Invalidation - close below $9250
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
BTCUSD Possible H&S Breakout Into Ascending Parallel Channel?Just wanted to share some observations. Early days yet and nothing is confirmed. Wait for breakout and observe if the upper line of the Ascending Parallel Channel pattern forms a resistance and that the bottom line forms support. If it does then we have some way up to go on a longer term with this pattern and can continue trading within the ascending parallel channel with tops and bottoms, if it plays out. Some might call this a bear flag but not after that daily close and the formation of a possible H&S Shoulders Pattern which is usually a bottoming and reversal pattern.
This could still also just continue on the descending parallel channel pattern too (the dark area).
Only trade breakouts with confirmation candles and beware of fake-outs.
Also take not that the CME high candle close on the Friday was around 5935 and the low wick was 4120. We might range within these price points till Monday but hoping for a weekly candle close above the 200MA around 5500$.
Good luck.
By the way ETHUSD forming the same patterns too.
RDN/BTC - 2286 satsWhat is up everyone :)
Leaving here a decent trading idea, with a good balance displaying price action with valid Fibonacci levels. The POC (Point of Control) is just at entry which I expect to be broken with strong momentum (or rejected).
If we break above 1815 - or just in time entry - there's a very high probability of the setup making target. At the same time, if we decide to enter at 1815 that provides a 2.4 RRR (Risk-Reward-Ratio), a lower number that I'm usually content with.
If we zoom in, we will see the price contracting even more, displaying a potential fractal triangle. This enables us to enter the market earlier providing an increase of our RRR to 4.43 - the trade I'm down to take :)
Take care,
Vlad The Crypto Trader
Litecoin - A great buy at this point and may go down further. Things to note about Litecoin and why it is entirely possible that we are still going down further. There is a death cross in the 1H, 2H, 3H, 4H, 6H, 12H, and now the 1D timeframe. Historically price goes down after a death cross on the 1D and it takes a small timeframe to recover from it. Those of you that bought in the $60's do not sell. We may go down some more but rest assured you bought at a great price. You should, if you can, buy some more as it dips down. In this instance, LTC will pull out fairly quickly out of the sub 200MA dip. How deep is the dip? Well... that depends entirely on what BTC does in the next few days and it looks like it is itching to keep running up.
Let's wait and see how much the weekend drives the lTC price down but the point is that you are seeing a safe coin at a low price. Same goes for BNB, NEO, ETH, ADA, QTUM, ICX. DO not buy coins you are not familiar with or that do not have a large market cap. Stick to the top 20 at best, top 10 is recommended. Some of those alts are close to double bottoms and they will spark up very soon.
Bitcoin - where we may find bottomIt has been a while since I showed you the 3-day view which has a lot in info regarding the future. I've put two X's for the next support places that bitcoin is looking to visit before going up again. Price action just doesn't stop in the middle of anywhere it always eventually stops at strong support or at an MA. Right now it is sitting on support-- nothing too strong -- so it may not spend too much time there before melting down to the 50MA on the 3D to the $8,500.00 area which coincidentally it is the 50% Fibo retracement. The next X is on the 200MA which is on the 61.8 area which is also on a downtrend line. As you can see there is a lot of confluence and strong support behind those X's.
THE TREND: Going down.
THE OUTLOOK: Safe to enter and buy some alts, BTC will go down some more but not a lot more.
Be safe and follow me to stay ahead of the curve.
Litecoin - How t make real money - Do I have your attention NOW?I hope you have been following my instructions, if you have, we'll, those buy zones of 68.00 and 65.00 did hit last buy zone is 62.00 which may hit soon. This TA has been aging very, very well. You are shapping up to have a few thousand dollars in your pocket by the end of the year. Back to the TA keep in mind that the death Cross will push LTC even lower, so you should not set an SL just yet, instead set a buy order at 62 or hell set one at 58.00 we may just hit that. BTC may try to make a run for 7,510.00 before going back up.
If BTC hits my green arrow and it may LTC will be around the 50's. The green X is at the crossroads of the 61.8 FIBO of the entire 2019 move and a new trendline. The 200MA is very strong and it is calling BTC down to it on the 1D. Keep an eye on my Bitcoin TA so you can see where LTC is going, Why? Because LTC is contingent on what Bitcoin is doing. Why, because algorithms control most of the trading in this space. The only way you can make money is by understanding what the algos are doing and join them. Their job is to buy cheap and sell high, your job is to control your emotions and buy at "Low Risk" scenarios that the algos create.
Be safe and follow me to stay ahead of the curve.
THE TREND: Clearly going down as predicted
THE OUTLOOK: Unsafe, Death Cross happening now
Bitcoin - It's showtime, watch this!So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the 200MA.
3. Volume is gradually getting lower.
4. We are making lower highs
5. We are constantly testing out the 200MA for better or worse.
There are just too many signs telling us to stay away for now.
THE TREND: Sideways with strong hints of going down
THE OUTLOOK: Very Unsafe, stay out.
Be safe and follow me to stay ahead of the curve.
Litecoin - Death CrossDeath crosses do matter, especially when they are about to happen in very important timeframes such as the 1D. They happen all the time on lower timeframes and they do influence the rhythm of price as they cross back and forth. What we are looking at here is an almost certain death cross by tomorrow on the daily, which you can't ignore, simple put what this means is that the 50MA (50 moving average in orange) will start to become resistance for a while. If that happens Litecoin will hit our crazy low buy zones. $68.00, $65.00 and $62.00. If for whatever reason it keeps going south it will hit our "Let's get rich" buy zone of $22.00. How will this scenario be invalidated? If we move up in one candle to around $91.00, how can this happen? If a whale steps in and buys a ton of LTC to get a rally going. To go where? To go up, ultimately to $200.00.
TREND: Going down and it could be pushed further down after the death cross tomorrow.
OUTLOOK: Unsafe for longs
Be safe and follow me to stay ahead of the curve.