Crytocurrency
Bitcoin Flag Breakout on the 1HR?We have a nice bullish pattern lining up on this time frame after failing to form the right shoulder of an inverse head and shoulders pattern. Currently price is attempting to trade in a resistance area above the sub-sub fibo at $5839.20. Closing above this area can lead to a breakout of the flag at $5965. Be advised, bullish confirmation is located higher at $6055.
Targets to the upside are an hourly fibo extension at $6316 and a daily extension at $6864.50 (I would aim for $6700, see below). We have a previous daily fibo extension at $6421 for a more conservative target.
Breaking down and closing below $5722 can unlock selling to a range between the trading range support at $5590 and the sub-key fibo at $5537. Breaching below this area could test the bottom of the rising wedge line.
*Please note this is a high risk trade based on the daily chart:
We are in a potential crown reversal area, RSI is getting tired, and we have a red candle/doji that will need to be resolved before closing. Projected new all-time high is $6739, but we may overshoot to the fibo extension at $6864.50.
$STRATBTC - Stratis/Bitcoin - LongThesis
Long STRATBTC
The name has been showing strength lately along with several other US Steel and infrastructure related names.
Confirmations:
1. Higher highs on Day chart
2. Higher high on Week chart
3. Above 8 Day EMA
Contradictions:
1. Near recent lows
Trade:
Long STRATBTC
Related Trade:
None
Disclaimer: All charts are for informational purposes only and should not be considered recommendations to perform actions related to securities.
$XRP :: Potential ScenarioWe've bounced off of a pretty heavy resistance at $0.24 for the fourth time over the last couple weeks. Pair that with RSI trending upward and all of us heading into the weekend (which typically sees lower volume), and this weekend could see a relatively nice dip - creating the last best chance to add to your $XRP stack leading into the SWELL event.
Our first target after we clear $0.24 is $0.267. Our second target will flirt with our recent high around $0.30.
ZRX priming up for a big move in the next 3-4 weeks.Strong base has been forming for months, and with regulators inevitably attempting to curb the spread of cryptocurrencies, the 0x project only stands to benefit.
NEXUS 100% Fibo targetNEXUS trend continuation. Entering at a pull back of a lower time frame (15-30 min). Fibonacci target as described. GL!
EHT BTC MARKET COMPARE ETH used to have more volatility than Bitcoin until July.
It seems like Bitcoin take throne of market from August.
When Bitcoin made Record high, ETH moved similar as Bitcoin but quite timid.
Still ETH fundamental is stable.
Metropolis upgrade planed to be released in near future (Sept or Oct) .
Possibly before that, price is expected pump and break main trend (Black channel)and accelerate to the MOON
PIVX/BTC Trade IdeaPotential to make a lot of gains on this one. We're waiting for PIVX to either bounce off the current support line, or test it and bounce from the 0.618 Fib level. It seems to be obeying Fib levels really nicely and I'm hoping its no different on this occasion. If it does bounce from the Fib level, the I will look to buy in once the price has confirmed that it has broken back up above that support line. This level has already been tested once before so I' hoping it is able to bounce from it to confirm it as a solid major resistance level. The current ascending support line isn't much to trust as it is using the current price as the second point of contact, meaning that it shouldn't be used to guide our trade. Would love to see the price hit the 0.382 Fib level before taking any profit. If price breaks both current support and the 0.78 Fib level then we will reassess and start again
KMD/BTC Trade IdeaAfter pumping really well, Komodo has retraced and started to accumulate again. With little historical data, TA is quite difficult, and can not always be relied on. But we can only work with what we have. The price is approaching a solid support line, which has been successfully tested a few time making it quite reliable. As for the Fib levels, we can see that the 0.5 level (~0.00050, not sure why the level numbers aren't there) has been consistently used, so we can expect to see some resistance there. I'm hoping we see a major pump off the support line, so it's looking like we may get some more accumulation for the next few days as it gets closer to the support line. Expecting this to be the first wave of an elliot wave cycle so if it does turn out to be, I'll update the thread once we have more information as it is quite hard to predict a price from just one leg
Set stop just under the support line, so around 0.000260
As for entry price I fell now is a good time to enter. If you zoom into the 1H chart you can see the price is in a ranging bullish channel, so if you are after an exact time to enter I would say once it has broken the resistance line of the channel
NEO RetraceOpportunity arrises for NEO in coming weeks as the rally overextended and now begins to retrace. Many novice traders jumped in at the highs on fear or missing out, but are now forced to hodl during the correction. Although Neo fundamentals support a higher price a retrace back to the June highs (0.0054) is possible. The Macd is crossing down with the 4h chart showing a head and shoulders pattern.
BITCOIN Daily Update (25/7/17)All the hype on bitcoin about it going upwards on the media, however price is decided to act on the opposite side.
For the past 1-2 months, cryptocurrency across the board make a slow drop and different source on the internet have their views on cryptocurrency whether it is plain rubbish or it is the future of currency.
From the chart, I am seeing bullishness in the long run and do not see any possible sign of weakness.
The 2200 level has to be broken strongly before I change my view to bearishness.
