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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:BTCUSD.P
by BeetCorn
Bitcoin: A long term perspective (UPDATED)*DISCLAIMER* - This post is just for fun. The scenario I am going to lay out in the following write up may or may not come to be true. If it does, I am not a financial guru. If it doesn't... I am, definitely not a financial guru. Layman's language will be used to address as wide an audience as possible, please to do not take offence. -------------------------------------------------------------------------------------------------------------------------------------------------------------- Hello all! I'm doing an updated, more in-depth analysis/tea-leaf prediction on the hows and whys of where or where not Bitcoin is headed over the next few years. I am going to attempt to explore all possibilities both bullish and bearish so please 'bear' with me, this is going to be a long post. First things first, long term price projections are anyone's guess. There is really no way to predict with any slight degree of accuracy where the price will be on future date X. The only thing that is certain is that the price will be somewhere not expected by the majority and anyone who guesses correctly got lucky. There is no skill involved. -------------------------------------------------------------------------------------------------------------------------------------------------------------- Now all that is out of the way, lets examine the chart above. There are three main dates I want you to take from this chart (+/- a few days because cannot pinpoint on weekly candles) Nov 2012 July 2016 May 2020 From the first halving to the peak of the 2013 bull market it took 365 days. From the second halving to the peak of the 2017 bull it took 518 days, this represents a 42 % increase in time (rounded up from 41.92XXX %) Assuming this compounding increase of time will be true a third time, we can estimate that it will be roughly 730 days after the halving of May 2020, until the peak of the next bull market. That puts the next mania in and around May of 2022. Keep in mind we can over or under-shoot this time frame with the former being more likely in my opinion. As such, +/- 12 months to the date of May 2022. What is a Bitcoin block reward halving? For those who don't know, these are the dates on which the rate of inflation (inflation = increase of supply) of Bitcoin is halved. They occur roughly every 4 years or every 210'000 blocks. So why does this matter for the price? In my opinion it is an important catalyst for a spree of buying because it brings with it the reminder that Bitcoin is getting increasingly rarer. With each cycle, the volatility reduces, and the time it takes to reach climax gets longer. This can be seen by the arc of each movement being longer or more stretched out on the X axis and having a less steep angle of attack on the Y axis. Why? Because the higher Bitcoin goes the more $ is required to move it. In theory, if BTC is to reach the status of a globally accepted store of value, it implies a market cap of several trillion and it's % 'swings' per day will be less than 1%. The Mean As seen on the chart above, the mean price is represented by the curved, green dotted line. This is a rough estimate I made by taking the average price of previous bubbles. ((top + bottom) ÷ 2) = mean price of the bubble // To find our point we measure the time it takes from top until bottom and divide by 2 // Create a vertical line at the middle of the time frame // Where the average price and halfway time vertical intersect, this is our point // Repeat for all three bubbles (Assuming $3k is bottom for the current bubble) and we are able to plot the mean price over time. It does look incorrect visually speaking as the inclination is to think the average price should 'divide' the price in half throughout Bitcoins history. The fact is that because Bitcoin pumped so high so fast throws it off. A, B & C - Trend lines Labeled above as A, B & C are the trend supports Bitcoin respects during it's bull runs. One way we can can watch out for the next bull market is when BTC starts to make a series of higher highs and higher lows that respect a definite line as support. It will grind up along the line, testing it as support several times along the way before taking a steep jump away from the line to start a parabolic run. What we are looking for in this case is trend line 'D' to reveal it'self. For a safer investment strategy, one can sit the market out until it appears before buying in. Weekly moving averages Please refer to the colour coded reference on chart for clarification. I see a lot of people saying that if BTC breaks the 200 week moving average that it is game over, I disagree. What these people are overlooking is that we also have a 300 week moving average below, a 400 week moving average. 500, 600 & 1000 week moving averages, so the idea that one must hold or BTC is ded.... is just plain silly. MA's are a powerful tool in the arsenal of a trader/investor. For those who don't know: A moving average is nothing more than a smoothed version of the price compromised of the average price from X candles on any given time frame, X being the input. For example; MA 20 // 1W // Each point contains the average from the previous 20 weeks of price action MA 150 // 1D // Each point contains the average from the previous 150 days of price action MA 200 // 1H // Each point contains the average from the previous 100 hours of price action MA 500 // 5M // Each point contains the average from the previous 2500 minutes of price action (500 x 5) And so on and so forth. X, Y & Z Climax points + Next bubble potential targets as a result These are the points at which the price breaks above the mean and goes near vertical, not much else needs to be said about that. People are often disinterested if you don't talk price so here is an observation (I am not implying this will be the case). Coincidentally, the projected trajectory of next mania intersects the mean at about $50'000. This is a very important price level psychologically speaking because it means a cap of $1'000'000'000'000 ($1 Trillion). Humans like round numbers, $50k is very round. To get to $100k from $50k, as implied by the breach of the green dotted line (the mean) we need another $1 Trillion in market cap to be added... is this likely? Honestly who knows, it's Crypto. -------------------------------------------------------------------------------------------------------------------------------------------------------------- And now for the BEARISH scenario - The part no one wants to hear From a TA and FA standpoint there is no real reason to be overly bearish in the long run. But for arguments sake I will bring some things to mind that could bring the bearish scenario into play. Black Swan Events // Self explanatory why these are bearish. Regulation // If Governments or banks decide they don't like Bitcoin or any non-state run crypto, they can simply make it illegal to use. They cannot stop you from using it but they can prosecute you for doing so. Recession // This will be Bitcoins first real test as we are heading into the next global recession at the time this publication. Bitcoin was forged in the fires of the last recession, will it be able to stand tall in this one? Time will tell. I do see some people saying that the pieces are being put in place for the big boys to pump Bitcoin to the moon during this next recession. There is a chance of course but it is in my opinion quite delusional for two reasons. 1) It makes zero sense to hedge in the most risky asset class in existence during times of high risk in the traditional markets. 2) Bitcoin whales are sooo far ahead of the curve in terms of accumulation that if Institutes were to pump Bitcoin to hedge their wealth during the recession that whales could obliterate their wealth by dumping. Remember, the higher Bitcoin goes the more powerful they are in this regard. Outdated // Some new technology could be so much better than Bitcoin by several orders of magnitude that people decide to ditch Bitcoin in favour of the new coin. Unlikely, but unwise to rule out. This is why diversification into projects aiming to solve on chain scaling is not a bad idea in my opinion. Difficulty // Bitcoin difficulty adjustment happens every 2016 blocks. That means at the average price of blocks (10 minutes) it takes 2 weeks for the adjustment to take place. If there is a sufficient drop off in the network hash rate (we saw a significant % drop during the BCH war but not enough to cause long term damage) the difficulty could be so great relative to hash power that the Bitcoin protocol effectively freezes. In theory the network could hardfork to an adjusted difficulty rate but what is to say the same thing couldn't happen again? -------------------------------------------------------------------------------------------------------------------------------------------------------------- Conclusion We live in exciting times. We are perhaps on the cusp of a new type of decentralized society and I am cautiously optimistic going forwards. Regardless of the price or getting rich, if this experiment succeeds humanity has a brighter future ahead, potentially with a bottom up structure. That being said, I still think we are 18-24 months out from the beginning of the next bull market. Be patient, see the bigger picture and accumulate accordingly. Thank you for taking your time to read my ramblings (if you made it this far :P). I really do appreciate it! P.S - Please leave feedback in the comments and perhaps even coin suggestions that I can do future posts on similar to this. Peace.
BNC:BLX
by dalvinchi
2
My own prognosis...not prediction of waving in the comming weeks and months. With global signs of ending of boom, after QE made by FED, BOJ and ECB, and start the phasis of QT, cryptosphere is set on phasis of slow accumulation after bubble bursting. This phasis shloud take some time (year or two), the longer the better the next one bubble will be formed (in 2021/22). Year 2017 was not the last word from cryptos. They need simply time of accumulation (with little more downside bias with "unexpected" spikes up - so called pump&dumps).
BITFINEX:XRPUSD
by orminlange
1
MONERO XMR 150$ PRICE TO WATCH? lets find out..BULL or BEAR?Monero (XMR-USD) : has been a long journey down the channel, since that peak on March, nothing has been green here..The anonymous coin that launched a new way to pay the black markets, has turned RED! Troubles over and ready to jump up to bullish territory? let's talk about it.. Why are we so interested on XMR? it has a reputation, many transaction are actually real payment between people and thats a huge must, is not just speculations, it is the real purpose of a coin, the coin is at the moment present on 93 Crypto exchanges (coinmarketcap.com) and that's quite interesting as well as makes it a very popular coin (ranked 10th) The technical analysis on the other side is not that great: Huge resistance at 150$ makes it almost impossible to jump out without expecting some battles at those levels, but the increase on Volume on 1st sept could be a possible Descending Triangle ends, that could allow Bulls to push till 150$, but then indicators as RSI shown already not too much steam (almost oversold) that's why we expect the resistance to act accordingly. After this touch there could be interesting opportunity on the recovery of this coin. Might take time, and we recommend to watch out possible support levels at 84$ level , if support work solid and Volume increase, could be a nice opportunity to jump on the Bull side and broke the 150$ resistance, otherwise if not supported by volume a possible crash to lower level is possible. Hope this will inspire some new ideas, don't forget to hit the like/follow button if you feel like this post was helpful, that's the best way to support us and our work. Happy trading days C-Monkeys
BITFINEX:XMRUSD
by CryptoMonkeys
1
BCH (bitcoin Cash) Bear territory or time to (clouded) Moon? It's been a while since BCH USD has been a bullish runner , the big downtrend started in May, from a peak of 1841 $ to a possible down Bottom of 469$ (while i'm writing 625 $) now it's time to move again, a move up on 1st sept could be followed by high volume in the next days and volatility is known to be high on this coin, this make it a possible Big Mover.. the question is would be BEAR or BULLS?? who will take the push? The trend is showing a descending triangle top tap , that could be followed by a sell off and next move down to the 300 $ area, or the high volume pressure could push the price higher to a false breakout if indicators shows signs of overbought or to a price recovery to the 890 usd area if volume stay high. Questions remain ..please comment your ideas on the topic and suggestions Happy trading days C-Monkey
COINBASE:BCHUSD
by CryptoMonkeys
Can Technical Analysis Be Used In Crypto? I Say Yes!Dear friends! I’m going to start a new serie of posts where I would like to show you how different technical tools work in crypto markets. The main reason for this is: some of you think that the crypto markets are unique and the standard tools of Technical Analysis don’t work properly. Based on my experience I would like to say that any tools which are used for making analysis in traditional markets can also be used for cryptomarkets. Knowledge in Technical Analysis allows to make stable profit in the long run in all financial markets. The same goes about crypto markets. I will show you support and resistance lines, levels, chart patterns, candlestick patterns and the main indicators. And you will see possible signals which you could get. One thing I should note for you. I’m going to use Bitcoin and the top altcoins markets for the examples. Any shitcoins are not interesting because they have very low capitalization and they can be manipulated very easily. Before we get the first examples, let me remind you what is TA and the main ideas. You will see why it is cool! Here are some definitions and principles from Wikipedia. I wouldn’t be able to say it any better: Technical Analysis (TA) - what is it? It is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Technicians employ many methods, tools and techniques. Technicians using charts search for archetypal price chart patterns, look for forms such as lines of support, resistance, channels. Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. A core principle of Technical Analysis is that a market's price reflects all relevant information impacting that market. A technical analyst therefore looks at the history of a security or commodity's trading pattern rather than external drivers such as economic, fundamental and news events. It is believed that price action tends to repeat itself due to the collective, patterned behavior of investors. Technical Analysis focuses on identifiable price trends and conditions. Principles of TA: - market action discounts everything Based on the premise that all relevant information is already reflected by prices, technical analysts believe it is important to understand what investors think of that information, known and perceived. - prices move in trends Technical analysts believe that prices trend directionally, i.e., up, down, or sideways (flat) or some combination. The basic definition of a price trend was originally put forward by Dow theory. - history tends to repeat itself Technical analysts believe that investors collectively repeat the behavior of the investors that preceded them. To a technician, the emotions in the market may be irrational, but they exist. Because investor behavior repeats itself so often, technicians believe that recognizable (and predictable) price patterns will develop on a chart. Recognition of these patterns can allow the technician to select trades that have a higher probability of success. Technical Analysis is a really powerful tool for making money. You have to learn it if you want to trade properly and get profit in long run. So, the next post will be about signals from support and resistance levels. Please, note: I will not give you the theory of what is support and resistance levels, how to draw them properly. I will show you how they work with crypto. You should learn the theory by yourself in order to understand what I will be talking about.
Education
by DLavrov
29
Trading Strategy Case Study 1: Buy Signal for Ethereum 31.03.Dear friends! I'm thinking to start a parallel series with the beginner mistakes where I post some of my past private trading ideas in order to show you how my strategy works and how the markets move after the trades activate. This will give you a visual examples that you can follow to understand where your emotions could get in the way of a trade. If you guys like this idea, let me know, and I will post more of them. This way, you can learn with 0 risk . The first trade I will make public I published on the 31st of March as a private idea here: It was based on a bullish divergence which gave a trend reversal signal. It was a good opportunity to open long trades not far from the possible bottom. Back then, we could not be sure that was the actual bottom, but the indicators I use showed me the opportunity and I took it. I wrote the following info about this signal: "The trading idea is based on a bullish divergence which gives a trend reversal signal. MACD supports the upward movement. ADX line falls and it allows opening long trades. Entry level is 425.00 with stop orders at 355.00 level. Profit targets are 490.00 and 680.00 resistance levels." - I had entry at 425 - Stop loss at 355 - Profit Targets 490 and 680 The trade was activated about 3 days later (based on Poloniex crypto exchange) and it temporarily reversed to 360 level. That was close to the stop loss. But because I placed calculated well my stop loss, I never had to close this trade. After staying around 3 days at the 360-370 level, ETH went up. It reached profit target 1 on the 13 of April, so 13-14 days after it was posted. It went sideways for a while and reached the second target on the 24th of April, 24-25 days after - Money Management: for this particular trade I used 10% of my trading capital for ETH. The rest I kept for other ETH trade opportunities that may have appeared while this trade was active. - R:R was 1:0.92 for the first target and 1:3.64 for the second target. - My first target profit was 15.29% and the second one was 60%. So, even if the trade was under the entry level for many days, I did not close it - because I had a strategy, defined my exit levels, and had no stress with the size of the position I was using. I was risking 16% of 10% of my trading capital in ETH so 1.6% of my capital roughly. Second, I waited 25 days for the trade to close. Again, I felt no pressure or impatience to wait for this to finish. When other opportunities came, I had more trading capital available. As you can see, patience and following strategy have helped me in a successful trade. If you don't like this trade and it does not fit your strategy, I hope you understand that each trader can have a different strategy. This is mine, it gives me profit on the long run and I am happy with it. If you enjoyed this mini lesson show it to me: like this post and leave a comment and I will be happy to post more of them, both profitable and lot trades (as trading is) as soon as I finish my beginner tips lessons, which are a lot more time consuming for me!
Long
by DLavrov
107