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Crytocurrency

LONG positions conditionsWe had a strong buying power near 7600, but we cannot confirm it is a LONG position unless the following conditions meet: LEFT graph 1) 8 & 20 EMA crossover UP; 2) Price pulls back to 20 EMA and form a Higher Low. Afterthat, breakout the blue triangular zone and pull back to the blue trendline; RIGHT graph 1) A projected (26 periods) green cloud forming; 2) Chinkou span crosses above price; 3) Price crosses above Senkou span resistance and above red cloud.
BITSTAMP:BTCUSD
by SoloTraderAU
Litecoin testing major resistance, watch for a reversal!Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate resistance at 53% where a corresponding reaction could occur. Similarly with price, we have to watch our ascending support line as only a break of that would trigger a potential bearish acceleration. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
Litecoin consolidating strongly for a potential dropLitecoin continues to test strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate descending resistance which is in line with the descending resistance we are seeing on price too. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
6
Bitcoin testing major resistance, prepare to sell Sell below 12198. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): The security of cryptocurrency has been hit once again with tokyo-based cryptocurrency exchance Coincheck confirming that It has suffered what appears to be the biggest hack in the history of the technology, losing $533 million. While this doesn’t directly affect bitcoin, it does shed some light into the whole security of holding cryptocurrencies and should, at least in the interim, continue to put bearish pressure on Bitcoin. Reason for the trading strategy (technically): Price has risen a bit and is now testing major resistance at 12198 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to at least 9328 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
BITFINEX:BTCUSDShort
by MEX_Exchange
3
Bitcoin approaching major resistance, potential reversal!Bitcoin is fast approaching major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) and a strong reaction could occur at this price to push price down towards 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDShort
by Tickmill
1
Bitcoin has made a pullback to our selling entry, remain bearishSell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when such a squeeze happens, the next major news would usually cause a very volatile price reaction. Reason for the trading strategy (technically): Price is making its pullback to our long term descending resistance line and also major resistance at 11786 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to at least 9328 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
BITFINEX:BTCUSDShort
by MEX_Exchange
3
Bitcoin has made a pullback to our selling entry, remain bearishSell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): There continues to be bearish news surrounding Bitcoin with major payment processor Stripe choosing to end support for Bitcoin. This is largely due to lengthy transaction times, increasing transaction failure rate and growing fees has caused it to become less popular among Stripe’s merchants and users. At the same time, South Korea has announced that Jan 30 is the deadline for cryptocurrency investors in South Korea to have to use their real-name bank accounts in order to continue trading. While this is definitely good news in its step to strength KYC compliance and money laundering, it has also affected a large group of traders who had preferred to remain anonymous. Reason for the trading strategy (technically): Price has made a pullback to our selling entry as expected. We remain bearish below 11083 resistance (Fibonacci retracement, breakout resistance level) for a further push down to at least 9443 support (Fibonacci extension, major swing low support) before 8142 (61.8% Golden ratio retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
BITSTAMP:BTCUSDShort
by MEX_Exchange
1
Ripple above major support, prepare for a potential bounce! Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It also has good upside potential. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:XRPUSDLong
by Tickmill
2
Bitcoin in bearish channel,bearish looking for strength of entryBitcoin is in a strong descending channel and we’re seeing major resistance at 11016 (Fibonacci retracement, horizontal overlap resistance). Our next major support is at 9470 (Fibonacci extension, horizontal swing low support). We remain bearish as long as price remains in this descending channel. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDShort
by Tickmill
3
Bitcoin dropping perfectly as predicted, remain bearish Sell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): News around cryptocurrencies have not been too positive recently. The latest being Korean crypto exchange Korbit banning non-citizens from depositing local currencies on its platform. The move was particularly because of new regulations banning anonymous cryptocurrency exchange accounts and strengthens know-your-customer (KYC) rules. As more such regulations start rolling out, we’ll likely see more and more bearish momentum building up on cryptocurrencies. Reason for the trading strategy (technically): Price has continued to drop strongly as predicted. We remain bearish looking to sell on strength below 11083 resistance (Fibonacci retracement, breakout resistance level) for a further push down to at least 9443 support (Fibonacci extension, major swing low support) before 8142 (61.8% Golden ratio retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is seeing major support above 7% so we have to be careful that a bounce might occur soon and it would be most ideal to look for a good entry point with this bounce.
BITSTAMP:BTCUSDShort
by MEX_Exchange
5
Bitcoin bounced perfectly as forecasted, prepare for bounceBitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (55,5,3) is seeing major support above 7.6% where it is bouncing nicely off and has good upside potential for our bounce. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDLong
by Tickmill
2
Ripple bounced perfectly as forecasted, prepare for bounce againRipple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is seeing really strong support above 5.7% where a potential bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:XRPUSDLong
by Tickmill
3
Traditional January Sale on Bitcoin - Strong recovery ahead!History usally tell us more then we might think. Most of us have heared the saying "History repeat itself" and this might just happen with Bitcoin. Looking back 3 years of Bitcoins valuehistroy you could se that after every time it reached its lowest point in January it then recoved and became stronger then ever. We havent seen any strong trendchanging indicators wich i probably will post in a couple of weeks. This is only based on asumtion and history. 2015 -It stared to go down in August already and in January it reached its lowest point at 172 $ 2016 -The same thing happend in again one year later... 2017 -Same thing might happen again - Bitcoin is most likely at a traditionally January Sale No one knows for sure where its heading but i strongly believe we will se Bitcoin at 20K $ within a couple of months. Recomendation: HODL TRADING FUTURES AND OPTIONS INVOLVES A SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
BITSTAMP:BTCUSDLong
by flaavless
1
Bitcoin bouncing off major support,remain bullish for correctionBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): Price has dropped strongly amid concerns in Asia as investors still keep an eye out on the crackdown in Korea. Most recently a senior official at the People’s Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country. The goal is to end all cryptocurrency trading-related activities and services. This has rattled the market strongly leading to its sell off. Reason for the trading strategy (technically): Price has dropped strongly since yesterday and we’re seeing that price has bounced off major support at 10332 (ABC Fibonacci extension, long term 50% Fibonacci retracement) and we expect an intermediate corrective bounce from here. Our first target would be 12808 (38.2% Fibonacci retracement, horizontal pullback resistance, breakout level) before 14497 (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 12% where we expect a corresponding bounce from.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
Litecoin on major support, prepare for a potential bounce! Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
9
Bitcoin profit target reached perfectly, prepare for a bounceBuy above 12858. Stop loss at 12348. Take profit at 13748. Reason for the trading strategy (fundamentally): Price has continued to tumble with South Korean cryptocurrency investors facing fines if they have anonymous accounts, along with that, the justice minister aired a plan to ban trading at cryptocurrency exchanges. To add fuel to fire, the Indonesia Central Bank has also warned that cryptocurrencies may not be used for payments in the country. These influx of bad news surrounding bitcoin has caused it to fall even further. Reason for the trading strategy (technically): Price has reached our selling area and dropped down perfectly to our profit target. We look to play another bounce above 12858 support (ABC Fibonacci extension, horizontal swing low support) towards our resistance target at 13748 (Fibonacci retracement, breakout level). Stochastic (34,5,3) is seeing major support above 10% where a corresponding bounce could occur.
BITSTAMP:BTCUSDLong
by MEX_Exchange