ETHBTC have a Bullish shark plotted on H4, What's your move?HI, I hope everyone is doing well.
as the start of this week is really depressing for cryptos as every major coin is suffering at the moment and it's quit hard to just
rely on the Technical side of these assets so just keep in mind that the risk is a little high while we try to go long on them,
but it's really interesting to know what our technicals has to say about ETHBTC where we can get a short bullish swing
First analyzing 240M Chart and we got,
1. HARMONIC PATTERN - BULLISH SHARK Identified on 240M Chart
2. 0.070000 consist of Demand Zone
3. Dynamic Support at 0.070455
4. OVERSOLD Indication by RSI and CMO
5. Fibonacci Gird Level 1.618 plotting near our Buying area
also on daily chart, Price is been Hold by 200Day WMA.
and hence everything looks great
Technical - Strong Bullish
Fundamentals - NILL
Market Condition - Bearish for Asset Type -III
Conclusion - Bullish for Short Term!
If you find my trading Ideas helpful then leave a LIKE
and Feel free to comment your thoughts,
- Lewis (CryptoLover)
Crytocurrency
BTCUSD Bitcoin Update - LongsLongs playing out from WK demand I have been pointing out for a long time.
I am long from WK demand on BTCUSD and other crypto's, looking like we could be seeing price reacting to the longer term MN and WK trend.
Long bias for sure, no shorts.
Happy Friday all, have a great weekend!
Peercoin PPC bullish stanceWe have been watching Peercoin for some time now, We are surveying this coin for our own personal reference guide, but please feel free to also utilize it for your personal reference as well, but we are not financial advisers and this is not investment advice. so be sure to check as well and do your own ongoing research if this project interests you as it did us.
Bitcoin Bear Trap Surge_Update 3The Bitcoin and pretty much all cryptos experienced an explosion of an upswing on Thursday, April 12, with granddaddy coin jumping more than $1,000 to break $8,000 level about a half hour period. My take on this is the sudden surge was as a “Bear Trap”: And unfortunately out stop has been triggered.
GBPJPY approaching support, potential rise! GBJPY is approaching our first support at 147.90 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance at 149.30 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is also approaching our major support level at 8%, a good precursor for a potential bounce in price should it bounce off this level.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
BTC Dual Cipher Patterns Completing?+Dual Cipher patterns that are near the same when terminating at long term support line tested at 5850 and 7200.
+RSI has 20 more points to drop before aligning with prior bounce level.
+Stock RSI showing (very) short term reverse (but continuation of longer term) based on prior bounce levels.
Bearish channel
+Wedge completion at second cipher completion. Down or up?
Not advice, just connecting dots.
EURUSD approaching its support, potential for a bounce!EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement , horizontal overlap support). We have also identified an impulsive Elliot Wave , where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing high resistance). We have also identified another support at 1.2221 (76.4% Fibonacci retracement ).
Stochastic (55, 5, 3) shows it approaching its support at 2.47% where a corresponding reaction could occur.
BTC ranging and searching for recoveryobserving a fair amount of selling/resistance going on at this 9,300 zone. It seems if we break below 8100 it'll be a quick free fall to the lower levels. However, also noticing the flat cloud at 10,400. It seems most probable that price will get sucked up to that region as it 'reverts to the mean'. Holding BTC for the moment and watching for invalidation if we break for a lower low on good volume
Death of the Bears. Worst case scenario Y/NI believe my forecast posted in the 4 hour chart of min $6,399 will hold a closing 2 hour candlestick or 4 hour candlestick above this min. I don't think my other forecast posted with the 4 hour chart of $7,384 will (see posting of 4 hour chart for how I arrived at these calculations). The Fib lines I've inserted appear to be working well which I think gives credence to this worst case scenario. If you check out my last posting "Bitcoin GPS where are we ? " it's my best and most colourful ever and includes how all my other ideas have been doing on 4 hour chart. My most recent worst mistake was going bull with stop at $8,150, and getting caught in a bear trap. Can't win all the time.
BTC: 12pm EST Dump Coordination - Decreasing Volume The last three days seem to have been coordinated BTC dumps that have occurred at 12pm EST. The BTC downward momentum this past week may be an isolated incident caused by a single actor (Mt. Gox trustee?) that has now lost its momentum.
The good news is that the volume appears to be decreasing each day. The bears seem to be losing momentum which is good news for the BTC Bulls.
I would not be surprised to see a green weekend with BTC heading back towards $10k or higher.
(This analysis was brought to my attention by @chartmandan w/ The Chart Guys)
(PATIENCE) LONG LIVE THE KING..........THEY SAY......the STOCH RSI says that the this is going to go up, but when??? if you check the resistence (red box), this is goin to stop at 7k.
this is a 1d chart this is going to be in about 4 days, buy weekends is always slow so, lets see.....
just be patience, DO NOT PANIC, i think we are still with a lot of 90 rule pleople from the december party (20k btc).
BTC IS GOIN TO RULE THE WORLD. LONG LIVE THE KING.
THEY SAY.......
(ROOKIE SHORT TRADER)MONTHLY PROFIT CHART LTC/LITECOIN Just posting this graph to share it with the Tradingview community and a family member to show him the patterns and trend lines I used to make consistent profits this month after a month of loosing money.I only been trading for 2 months.I know I could be using alot more indicators on my graph for a better insight of whats going on.But honestly.I don't understand 75 perecent of the indicators and addons.With that being said.I feel confident as time goes by I'll keep getting better at trading.Taking in consideration with the little I know and the short amount of time of experience.I"ve managed to make consistent profits this month.
Im here not to educate or give analysis or anything.How can I if I'm new to this.I'm here to learn as much as I can and to post whats been working for me and to keep track of my progress.Any advice or suggestion on indicators or what ever I'll highly appreciate it. www.tradingview.com
LTC To $410 for the next months and currencies outlookI see LTC finished consolidation and going to make a new ATH at $410 around early April. All based on TA and my personal experience in trading.
I personally have strong believe in the coin technology and block chain technology with Litepay coming I also see mass adoption.
What will be the future of crypt o currencies, because I am bullish on this market base on my TA the regulator of course has their role in keeping their state safe.
With the government I see three types of government from what I observed.
For sure one we have Japan and S. Korea for instance which truly embrace the technology and mingling and adjusting the law to make the technology work. Or even Venezuela is having its national ICO backed by Oil.
Another one like China (like it or not its there right) who like total control of its financial and other governing policies, you see them banning it. It does not mean crytocurrencies are bad. China banned Facebook and Google to my knowledge, but they have their own centralized version of the messaging app and social media apps in form of WECHAT and Baidu to name a few. Who knows they will come up with their own ICO if needed.
Another type is still lagging or still want to buy sometime into the matter.
Elsewhere around I start seeing public company listed in the local stock exchanged govern by the local Securities body issuing ICO and tokens with assets behind their back.
Lets see how it rolls out.
I did this for my medium long-term investment purpose and want to keep a record and share my view for open discussion. I have no intention in advising anybody into buy or sell.
BUY Bitcoin Inverse Head & ShouldersBitcoin has broken its down trend and has now formed an inverse head and shoulders.
I would buy a break of the neckline around 9018.
I would target the 61.8 fibs retracement of the whole move this coincides perfectly with a major support/resistance zone at the whole number 13,000