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Short INJ vs USDTINJ is looking like it's forming a Double top pattern here on a Higher time frame chart. The Double top will be confirmed if it turns $3 from support to resistance and that will be my 1st Target, 2nd Target Mid Range. I'm not rulling out a one more push into the 4H block so I'm slowly scaling in, wrong if we see acceptence above $3.75. As I said before, all bounces are for shorting until proven otheriwise. Follow, like the idea and feel free to leave a comment if you like it. Check out other ideas if you like this one.
Short
by Trader_CD
2
ETH: The end of the line!Ethereum has followed Bitcoin into new higher highs and higher lows on the 1hr timeframe with +40% from the current bottom. So have we bottomed out like everyone is saying!? I still doubt it and I want to see confirmation first! So how do we find confirmation? Well, either if we keep trending above the bullish trendline or after a retrace stay above the 0.618 or if we break the resistance box and retest it as support. The latest scenario would likely take us all the way to 3000$! For now there's no reason yet to run to the bank and go all in... we can still have a substantial retrace to around the 2000$ level. At this very moment the bullish momentum for BTC is weakening which could indicate we are due for a reversal back down as mentioned in my previous analysis. We see the same for ETH at this moment with declining volume. I wouldn't bet yet on any of the two scenarios, lets wait and see. If we break the bullish trendline and retest it as resistance we are still continuing bearish momentum. However the market as a whole does look increasingly more bullish but that doesnt mean a reversal just yet. Relief rallies and short squeezes are standard in crypto bear markets. I am neutral, which means I am increasingly monitoring price action over the next days and weeks. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
by cryptobullethbtcxlm
4
BTC highway to 6 figures2 charts as I use to. Smaller TF on the left and 9D on the right. EMA 100 1D and 12H in the right pictures. Look at first support there at the beginning of this bullish cycle... We have to channels going up, one slower in which we are moving now, and the faster one that we left at last correction. I don't see now reasons of changing to emergency stop lane or turning around in this scenario. It seems that EMA 100 1D is driving the traffic along forward. Crossing it will warn us about trend changing. Opinions anyone? Take care of your hard made money guys! THIS IS NOT A FINANCIAL ADVISE! CHEERS!
by Bogdan_TOMOIAGA
Ethereum $ETHUSD PT 2500-2300Ethereum is an open source, public blockchain that was created to address the vulnerability of personal data stored on the internet. The principal of Ethereum’s blockchain is to decentralize information stored on the web, competing against internet-based data warehouse companies, to protect internet-based data from theft. Ethereum is best known for its smart contracts, these being coded contracts uploaded onto the Ethereum blockchain. The information held on the Ethereum blockchain is, not only protected from hackers but also secure from manipulation. Unlike Bitcoin, Ethereum was not created to provide an alternative to fiat money, while Ethereum’s smart contract offering has made it the chosen payment source in initial coin offerings. Ether tokens (Ethereum cryptocurrency) are created to fund the Ethereum blockchain development and expansion. The idea of Ethereum was conceived by Russian – Canadian Programmer Vitalik Buterin and co-founded by Mihai Alisie, Anthony Di Lorio, and Charles Hoskinson. Ethereum was released on 30th July 2015, after Vitalik Buterin initially released a white paper in 2013. The total number of Ether tokens issued at the pre-sale was 60 million, with 0.2 per coin sold in the crowdsale, therefore, 72 million ether coins were issued at Genesis. 12 million off the 60 million ether tokens created in the presale were mostly distributed to early contributors and developers, with the remaining being held by the Ethereum Foundation. Founder Buterin was said to hold just 630,000 Ether tokens and factoring a reported sale, is said to own less than half a percent of total Ether tokens in circulation. The creation of each individual Ether token comes from mining, which is rewarded to miners in the blockchain verification process. The Ethereum blockchain requires thousands of users, called nodes, running Ethereum virtual machines that are able to execute smart contracts. Smart contracts describe software and apps developed over the Ethereum platform. Ether Tokens not only act as a fuel for the decentralized apps or software in the Ethereum network but are also used to cover transaction fees stemming from any change requests made for existing apps. The transaction fees are calculated based on how much ‘gas’ an action demands, which is equivalent to the amount of computing power and time to make the required change. Some distinct characteristics of Ethereum include: There are no physical Ether tokens, only virtual. There are only a finite number of Ether Tokens. While the creation of Ethereum blockchain and Ether tokens was not meant for an alternative to fiat currency, certain merchants and companies are willing to accept Ether tokens as a means of payment for goods and services.
BITSTAMP:ETHUSDLong
by BADQOMOCAWGOWLD
$LTC Litecoin PT 600 and higher, Long Term...Litecoin rose by 2.93% on Thursday. Following on from a 0.58% gain on Wednesday, Litecoin ended the day at $202.67. A mixed start to the day saw Litecoin fall to a mid-morning intraday low $194.14 before making a move. The morning pullback saw Litecoin fall through the 23.6% FIB of $195 before striking a mid-afternoon intraday high $204.95. Litecoin broke through the first major resistance level at $202 before a slide back to $196 levels. Steering clear of the 23.6% FIB, Litecoin bounced back to end the day at $202 levels. At the time of writing, Litecoin was up by 0.29% to $203.26. A mixed start to the day saw Litecoin fall to an early morning low $201.62 before rising to a high $203.74. Litecoin left the major support and resistance levels untested early on. For the day ahead Litecoin would need to avoid a fall through the $201 pivot level to support a run at the first major resistance level at $207. Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $204.95. Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside. In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $211. Failure to avoid a fall through the $201 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level at $190 should limit the downside. Looking at the Technical Indicators First Major Support Level: $196 Pivot Level: $201 First Major Resistance Level: $207 23.6% FIB Retracement Level: $195 38.2% FIB Retracement Level: $163 62% FIB Retracement Level: $110
BITSTAMP:LTCUSDLong
by UnknownUnicorn19246015
2
BITCOIN DOMINANCE CHART INVERSE HEAD AND SHOULDERS 😨Hey hey my friends 👋 This is the Bitcoin dominance chart, it shows bitcoins strength compared to the rest of the market, when this trends higher btc/alt pairs as well as usdt paired altcoins bleed hard, gives us a good buying opportunities though 📊 We have all altcoin positions closed and we are waiting for the opportune time and more certainty in the market to dive back in 🤓 Keep and eye on this and stay tuned 📺
CRYPTOCAP:BTC.D
by LucrorStrategies
2
Bitcoin - Where are we going to be at week's end?Looking at BTC on the 4H (4-hour timeframe) the move up over the weekend was not strong enough to pierce the 50MA on the 1D, it was actually rejected(50 Moving average on the 1 Day Timeframe.) if Price closes above the 50MA on the 1D and volume is strong then it could be time to consider a way to join the trend. Right now looking at the 50and 200MA on the 4H you can see that it is offering weak support and staring to form a death cross as well. A drop in price is imminent unless buyers step in fast. If price falls below $10.478 it will signal a return to the bottom $9800K - $10K area. I am still out sitting on cash, when will I go in? In two scenarios; If BTC goes over the triangle (The red trendline) or if alts hit my buy zones. Follow me and you'll be notified of which Alts and when to buy-in. All of this is of course for your paper trading.
Long
by cryptoGats
$BTCUSD - Probable Paths ( Red Pill / Blue Pill )This post contains both a bullish and bearish scenario. My current opinion on the situation is that there are far too many longs, which leads me to believe that we are due for a move up followed by an increase in short interest and subsequently a rather violent dump. This is shown on the chart. This is where the bull/bear battle will unfold - and where you'll need to watch PA and draw your own conclusions. Bull Scenario: Bulls win battleground test, creating a HL on HTF's and push up via an iHS pattern Targets for this scenario would be 4200-4400 Bear Scenario: Bears win the battleground test, sending us into our last hope support at 3200's. We will likely have a weak bounce followed by a stab at the lows. Whether or not we continue downwards is only to be determined if this area is reached, and volume will be key . If the bounce is weak we could continue down much much further as shown in this bear fractal ive found showing recent hidden bear divergences on the daily Targets for this scenario would be 3000 - and if it continues lower, 1800-2000. Im currently long ( ), waiting for the spike - will definitely flip short in the red area, with large asks in the red box for shit-wicks. Once we reach the battleground - i will update everyone on what i see.
BITMEX:XBTUSD.P
by BeetCorn