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).
Cryptomarkets
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
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
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.
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!
How to Make Money in Crypto MarketsDear members, about 8 months ago I wrote a post about making money on crypto markets. It was a time when Bitcoin was at the 3000.00 level and the community was not big. I think it's time to post it again for the members that joined since then. I hope the message will be helpful for you!
"If you read this post, it means that probably you are interesting in making money in the crypto markets. You want to trade cryptocurriences and multiply your investments. But do you really think that it's easy? The cryptomarkets open for everyone great opportunities, but you must have some skill for conversion these opportunities into real money. If you think that everyone can make stable profit just buying coins and holding them for long term, I should tell you that you are wrong. You can face with troubles which can beat you and your deposit. And what should you do for avoiding such cases? The answer is very simple - you must know how to trade and manage your money properly. You must have knowledge, trading strategies and an accurate trading plan for making money in long term. You must have discipline for following your trading plan day by day. Only in such way you can expect safe and profitable trading. But I see a great number of novice traders who know nothing about proper trading. They make all possible mistakes. Buying on tops and selling on bottoms it can give you some fun and a lot of emotions. But if you want to make money you must trade in other way. I advice all novice traders think about their trading. Ask yourself, are you ready for real trading? Do you have everything for proper trading or not? Do you have understanding how the markets move? Do you know when you have to buy and when to sell? Do you know how to manage your money properly? If you don't have answers for these questions, you should stop your trading on real money. You have to start learning the theory and start working under your trading plan. You must note that without these components of successful trading you can't make stable money in long term. I advice you to start trading in the crypto markets in right way from the very beginning. While you learning and searching for suitable strategies, you can use trading bots or trading signals as a variant of trading. It will allow you trade in the crypto markets safely and gain experience. I wish you good luck!"
[BITCOIN, LITECOIN, & ETHERIUM] HEALTH CHECK UP! This educational video talks about the health of overall general crypto market cap and how have seen it go lower since last time I checked it. Crypto is very volatile, but has nice returns if you know what your doing! If your new to this space and intend on scalping, swing trading or hold a position on long term investor trading. Be prepared for a volatile roller coaster ride! I don't regret anything i have personally have done in this space yet. Its been exciting ever since I started in 2017 and their is so much to learn. This blockchain technology is the future!
If you enjoyed this video give me a like and follow me to hear my latest technical analysis on what Im trading.
Thanks
CryptoBuzzAnalyst
PS. This is not financial advice just educational material. Do your own research and take caution before u think about day trading or investing in crypto!
Litecoin - Where The Price is Heading Next?The market is showing us the symmetrical triangle pattern. This pattern can break either way and that's why it is important to pay attention on breakout. Don't try to buy too low because you might end up losing. That's why it is crucial to have proper breakout confirmation from the expanded volume for example. What we need to see also is that the 4 hour candle closes above MA100 level which is acting as a resistance. Further confirmation uptrend continuation we get when MA50 crosses above MA100.
I'll keep text short this time. Enjoyable trading moments!
Trading Information:
Buy: above 219
Partial Profit Targets: 240 / 244
Main Profit Targets: 270 / 285
Rest should be left for the longer run.
Stop-loss: 198
Longer term target would be at the resistance of previous ATH.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Bitcoin - Apex of the Falling Wedge. A bullish reversal.The Price is moving closer to Apex of The Falling Wedge Pattern. What tends to happen is that volume diminishes closer to the peak. Volume is an essential part to confirm breakout from The Falling Wedge Pattern. Without an expansion of volume, the breakout will lack reliance and be more vulnerable to fail. Stochastic RSI indicator is showing oversold position which is supporting buy momentum. It is critical to pay attention to volume at the moment.
Moving Averages are supporting upward movement in the longer term.
Trading Information:
Buy: above 9,800
Partial Profit Targets: 10,500 / 10,800
Main Profit Targets: 11,300 / 11,800
Rest should be left for the longer run.
Stop-loss: 8,900
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Tron - Has Found Bottom? Several Reversal Patterns!The Chart is showing several Reversal Patterns and that The Market Has found bottom. Let's begin with The Falling Wedge Pattern, which is considered as reversal pattern. This pattern occurs during the downtrend and ends up with Bullish Breakout. This isn't the easiest patterns to trade. Also known from it's false breakouts. That's why I have made list of important things to watch for proper breakout.
Volume - Is it expanding?
Oscillators - Are they supporting further upward movement? (E.g. RSI Super overbought?)
Levels - Swing Highs or Major Resistance Levels near to the top level of this pattern. From these levels the price could easily reject and block initial bullish run.
Second evidence is that The Chart is also showing Bullish Regular Divergence which is signal for trend reversal. This is supported by RSI, CCI, HISTOGRAM and MACD.
Third evidence is that The Market has been testing support level (at 397) several times and has been quickly rejected. This means that there is demand for it at this level (Brown Box Area) and unlikely move further downwards from here. This is also indicating that strength of sellers are weakening.
This is analysis made in the longer term perspective.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -2.12% -4.95% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
Ethereum - Where The Price is Heading Next?The Market is showing bullish momentum ever since The Price bounced from MA100 level and moved upwards from there. At the moment The Price is retesting Major Downtrend Line second time and if it manages to break upwards from here, then it would give us confirmation that the current trend will continue. Currently 1,000.00 is acting as psychological level and the importance of this level should not be underestimated. This level previously acted as support and has turned in to resistance. The Price could reject easily from this area. If The Price rejects from this level, it will likely retest MA100 level again and new trading opportunities can be opened from there with confirmed reversal signals.
Partial Profit Target is 1,149.00 and Main Profit Targets are 1,236.00 / 1,400.00.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -4.95% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
Zcash is one of the top Privacy Coins in 2018.Like I have mentioned in my twitter that why 2018 will be all about privacy coins and why people are going to focus on them more.
Safe Haven from the Regulations, People want hide their assets for personal reasons and many other things! Also it is expensive to hide your bitcoins and mix them with different wallets.
Privacy is what people are wanting in almost every aspect of their lives and some of the biggest companies have seen this as a business opportunity.
Anyways about Technical Aspects of this trade...
The Price broke first Downtrend Line and is holding against MA100 (orange line). Once the Price manages to break upwards from MA100 level and 415 this is signaling possible continuation in price movement. There are some important resistance levels ahead such as MA100, Resistance Level of 415 and Downtrend Line. These levels are important to watch for because once they break they are giving confirmation of uptrend continuation. Otherwise price might reject and move further downwards.
There are couple of ways to trade on this. Buy orders can be set above Resistance Level Of 415 or Above The 2nd Downtrend Line with Stop-Loss at 309.
Importance of waiting. If the price rejects 415 level and moves further downwards, then it is important to watch for reversal zone (blue box) and make new entry with confirmed reversal signals.
Zcash is one of the top Privacy Coins in 2018.
Trading Information for ZCash ( ZEC / USD ):
Buy: above 415
Partial Profit Targets: 467 / 487
Main Profit Targets: 568 / 588
Longer Term Targets: 719 / 798
Stop-loss: 309
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM 0.17% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Mid-Feb Support WatchdogsAccording to the fibonacci retracement points that everyone seems to be following, we rolled over the 61.80 ($8550) mark pretty hard the last couple days. Even though some people are claiming that the RSI is low, it's time to buy back. I would wait and see what happens to the next support line at $5500. I believe it will get there in the next week or so based on the acceleration of the downtrend and hit an RSI in the 20s which is significantly oversold and look for new buy-in opportunities. I will not be buying in until I see at least a day or two movement in the upward direction as the price could just as easily hit the 78.60 fib line, move sideways for a bit and then fall over again, confirming this sell off as a legitimate crash. Odds are this is the real crash and we will never see a PND like the last year ever again in the cyrpto marketplaces. The markets will probably continue to rise but at a steadier pace than before, as the last year price increases were obvious signs of a bubble.
Ethereum - How To Trade1h Chart is showing Bullish Divergence which is supporting the upward movement. The price bounced from the strong support zone and consolidating above the support level of 924. If price rejects resistance level 1075, it does not necessarily mean that the price is going to move further down. Instead it is good to search for a new trading opportunity from this ideal reversal zone that can be found at 867 & 834 levels.
Buy orders can be set above 1075 level with stop-loss at 755 level. This might be a short term trade and cautiousness is recommended! When you sell partial amount of your profit, small amount should be left for the longer run!
Trading Information:
Buy: Above 1075 level
Partial Profit Target: 1235 level
Main Profit Targets: 1314 & 1427 levels (previous ATH)
Stop Loss: 755 level
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
Yarr
Bitcoin - Where The Price Is Heading Next. Likely Rally Soon.Hey traders!
Histogram is showing positive divergence + MACD in 4h. The price is hovering close by MA100 line and it bounced off from the top level of the box. It is necessary to move above these downtrend lines before moving further upwards. MA50 has acted as resistance level (if you look in to 4h chart you see it) and once it breaches above it, it is good indicator that the price is going to move up. Long wicks are also indicating that buyers are gaining more strength and supporting reversal movement. These candlesticks are considered as sign of reversal. Buy orders should be set above MA50, above first downtrend line or resistance level at 11,800 level.
I'll keep it short this time.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM 1.12% 1.12% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
Stop-loss orders are strongly recommended.
Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
Do your homework before investing.
Yarr
Ethereum - How To Trade + Key Reversal Points.Update on ETH/USD: In the chart you can see two patterns.
First one is The Ascending Triangle which is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades.
Second one is The Rising Wedge which is reversal pattern. It forms usually during an Uptrend but breaks downwards.
Second pattern is playing key role in this trade. If the pattern breaks downwards I have drawn initial reversal zones and the second reversal zone is measured by the pattern itself.
Note if the price can't hold either of these possible reversal points and breaks below 670 level, then it is indicating that the price wants to move further down and it's important to wait for another trading opportunity.
RSI & MACD supports the idea of further upward movement and even though the rising wedge breaks a bit downwards it should not have effect on this signal from the oscillators.
Once MA50 (Blue) crosses above MA100 (orange), it gives us extra confirmation that the trend has changed.
The price is forming double bottoms on the lower band which supports of upward movement. Buy orders should be set above the swing high of 790 level and stop loss below strong support level of 643.
Trade with carefulness and remember to use always stop-loss orders!
Partial amount should be left for the longer run and that's one of the reason why I haven't wrote any longer term targets this time.
Trading Information:
Buy: Above 790
Partial Profit Target: 834
Main profit target: 965.73 & 1017.05
Stop Loss: 620
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr!
Bitcoin - Likely Rallying to 26,000$BTCUSD 7.50% Update:
Analysis for today is based on fibonacci levels. This is based on previous calculations as seen on the chart. The chart explains itself pretty well.
Price patterns can be repetitive and constant. You start seeing them constantly especially if you have been trading enough of time. Similarities that are displayed in this chart are rather parallel and obvious.
Analysis wise it's important to see what past has shown us and how it's going to affect the price in the future.
Let's begin with the past.
New ATH 1.00% was made at 11k and it ended the trend by dropping rather quickly to strong reversal zone formed by MA50 line. This started a new uptrend. After this the price jumps in between of .782 and 1.0 fib levels and kept consolidating there for a while. Then the price broke upwards. Which lead us to 17k (3.0 fib level of bullish structure measured from the 8.8k low, visible in the chart as 300%).
What's happening in the current state?
It's quite parallel and with higher volume that's happening right now. Price rallies by making new ATH 1.00% , sudden drop to strong reversal zone formed by MA50 line, bounces near to the top and where the price consolidates.
Previous target we got by 3.0 fib level of bullish structure measured from the 8.8k low. This same target applied to the current structure it gives us 26k at 3.0 fib level measure from the 12.7k low.
This would be the biggest rally in the bitcoin's history.
This is based on my trading strategies and ideas and I'm hoping to hear your views on this.
The chart explains itself rather well so if any questions comes to your mind, please feel free to leave them down below.
Things to Remember:
Usage of stop-loss order is strongly recommended.
Better to wait than to regret. Fear of missing can make you lose a lot.
Do research before investing in any coin. Trends, events and news can have a big impact towards the markets!
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Need help or you have a question related to this trading idea?
Please, feel free to leave them down below in to the comments.
Yarr!