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Crytocurrency

BTC Correction or Crash ..Only Time Will Tell !!analyzing the two crashes back in 2013 they almost have identical patterns in every aspect..intitial panick dip then a fake breakout (bull trap) spend time sideways along the 50 MA until then final dip and a breakout. it is almost impossible to distinguish the two cases at that time and to decide whether we are in a deep correction or already entered a bear market.. it looks like we are facing the same situation today..so we only have one choice and that is to Hodl and add on the dips.
BITSTAMP:BTCUSD
by elshanti
5
Bitcoin on major support, time to play an intermediate bounceBuy above 12948. Stop loss at 11965. Take profit at 14250. Reason for the trading strategy (fundamentally): Investors are getting spooked especially with news that South Korea might potentially ban the trading of cryptocurrencies via exchanges in the nation. This is largely due to the Korean government mulling its options for curbing what is seen as excessive speculation in the crypto markets. They have even raided bitcoin exchanges such as Bithumb and Coinone with police and tax office officials recently amid investigations into tax evasion. All this has led to the shaking of investor’s confidence and hence the price decline. Reason for the trading strategy (technically): Price has continued to drop strongly and is now testing major support at 12948 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to pose a temporary recovery to at least 14250 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support at 9.7% where a corresponding bounce could occur.
BITSTAMP:BTCUSDLong
by MEX_Exchange
2
Bitcoin profit target reached, prepare for another bounceBuy above 14126. Stop loss at 13247. Take profit at 15391. Reason for the trading strategy (fundamentally): Bitcoin has been dropping strongly largely due to an SEC pushback that has led to several ETF proposals being withdrawn. There were several firms which were looking to list ETFs tied to bitcoin but the SEC “expressed concerns regarding the liquidity and valuation of the underlying instruments”. This has shaken the confidence of bitcoin investors which has led to the recent decline. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly below dropping down once again as expected. We look to buy above major support at 14126 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a bounce up to at least 15391 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees strong bullish divergence vs price and is a good signal that we’ll be seeing a strong bounce from here.
BITSTAMP:BTCUSDLong
by MEX_Exchange
9
Litecoin above major support, watch for the break down. Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a potential corresponding drop could occur. 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
Bitcoin reversing nicely, watch for break of ascending support!Bitcoin is testing major resistance at 15194 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance, bearish divergence) and we can see that there is a strong ascending trend line support that is squeezing recent price action. A break is likely to occur soon and we would increase our conviction of a potential drop if price closes strongly below our ascending support line. Next major level of support is at 12915 (Fibonacci retracement, horizontal swing low support). RSI (34) has made a bearish exit signaling as a precursor to the potential drop on Bitcoin. 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
28
Bitcoin continues to test major resistance, remain bearishSell below 15016. Stop loss at 15791. Take profit at 12908. Reason for the trading strategy (technically): Price continues to test our major resistance area at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat harmonic formation) and we expect a drop from this level to at least 12908 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is starting to drop nicely from our 94% resistance level and we expect it to drop further with price here.
BITSTAMP:BTCUSDShort
by MEX_Exchange
11
Bitcoin testing major support, remain bullishBuy above 15456. Stop loss at 13906. Take profit at 17960. Reason for the trading strategy (technically): Price is now back to testing our major support area once again. We remain bullish looking to buy above major support at 15456 (Fibonacci retracement, horizontal overlap support, bullish price action) for a further bounce up to test the 17960resistance again (Fibonacci retracement, horizontal overlap resistance). R eason for the trading strategy (fundamentally): We’re starting to see bitcoin take quite a beating recently. This is largely due to the negative news surrounding it, especially those long-unresolved problems with Bitcoin’s infrastructure. Bitcoin buyers are running into problems where the network’s really high transaction fees make it unusable for purchases in reality and Coinbase has halted trading in Bitcoin Cash over concerns that the exchanges’ employees may have engaged in insider trading. All these are seeming to shake up investor’s confidence quite a bit.
BITSTAMP:BTCUSDLong
by MEX_Exchange
6
Bearish Flag Pattern Elliot Correction for GoldMoneyGoldmoney provides an excellent solution to its customers. The stock took off ever since introducing Bitcoin into it as an asset. It is safe to say that Goldmoney offers exceptional products. Although a bearish flag pattern has emerged since the beginning of December 2017, I see the company doing well into next year. As well as its stock price. A small correction appears to accompany the emerged flag pattern. Price at $9-12$ by February.
TSX:XAULong
by baronbloe
2
BTCUSD look to buy on weaknessBuy above 11887. Stop loss at 10446. Take profit at 15221. Reason for the trading strategy (technically): Bitcoin’s price has continued to rise strongly and it also continues to obey strong technical as seen in our various Fibonacci retracements and projections. The recent swing low that occurred at 12720 was purely a 50% Fibonacci retracement and 100% + 161.8% Fibonacci extension. We are bullish on this and the key question is where to find a good entry level. We look to buy above 11887 support (61.8% Fibonacci retracement, horizontal pullback support) with first key level of support seen at 12116 (100% Fibonacci extension). Our profit target would be at 15221 (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) main support is at 21% and we should expect it to drop towards that level which corresponds to our buy entry. Reason for the trading strategy (fundamentally): While it’s important to find out what is driving the mega climb on Bitcoin, it’s likely that this run is very much fuelled by speculation over value as one of the key points is the stark contrast we’re seeing versus the other major cryptocurrencies. While Bitcoin has been rallying, Ethereum, Ripples and Litecoin were all ranging and some even dropping despite being much better and suited for day-to-day transactions – which is what the whole concept of Bitcoin and Cryptocurrencies are meant to achieve. Hence this shows that the appetite we’re seeing right now is not so much for cryptocurrencies and how they would radically redefine the financial system. Based on this, we can expect further volatility and price to obey much more key technical levels as that is the main area the markets would be looking at especially with a lack of key fundamentals.
BITSTAMP:BTCUSDLong
by MEX_Exchange
LTCUSD $130 daily chartWell if you can see there are always two side to the coins, some bias for major correction base on the news that CME will launch the future market. But lets cut the noise and stick to what we can see, I am no insider anyway. Base of the chart, this coin should go at least $130 before the new year. We have approximate 8 hours from now to see if this current daily candle stand at 95+ level, if it does then this analysis is valid, if not then we might see some correction to 70s zone again (which I don't see the reason as there were correction couple of days before and theres a quick reject to those area, where I be updating.The momentum indicators show some bearish sign, but looks still have that one final push to $130 area. I was right the last time lets see if how this one unfold. So if you don't have a position its mid trend entry here, so watch for the price stand and if it does I think we can see 30%+ profit. Good luck. LTCUSD $130
BITFINEX:LTCUSDLong
by Ronnaritta
6
NEOUSD to $52 LONGIf you look to patterns of new coins, BCH,BTG etc and this one NEO included, we will see similarity. The first two went to the moon! Base of TA this show very similar pattern and we can at least heading for $52. I have read quite a few analysis from the analyst within the TV community and to conclude its the one of the few coins that has pretty good link with China authority and good fundamental. So I am LONG NEOUSD to 52. However we are at pretty strong resistance level right now. A buy order should be place above 39.5 with SL at 33 and Target of 52 with 3 resistances at 42/45/48. I am sure when the flood gates are open these resistance can be taken out easily. Happy Trading
BITFINEX:NEOUSDLong
by Ronnaritta
6