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The Bottom Is Not In!! 1k is coming!Guys, don't listen to the "gurus" who have been saying the "bottom" is in since 6k! Technical analysis IS NOT HARD and in fact very simple. The most consdrvative target of our descending triangle is 1k usd and that is where we are headed at a minimum, I think we will probably get "capituation" in that area and how bitcoin responds at that point will tell us if we have found a bottom or if there is more blood in the streets. So far volume has not shown us a bottom, no capitulation sell off has happened and no giant wicks have occured. A large bull trap/short killer to 4500-5k can not be ruled out but I can PROMISE you the bottom is not in. Trust me lol even though I am not as polished as alot of these guys I have a brain, common sense and zero reason to care or promote bitcoin. Most of these calling bottoms have agendas...beware! Red Boar
BITSTAMP:BTCUSDShort
by TEXAGG22
14
Your Crypto Trading CompassAt this moment this is what I am using to position myself in the crypto markets. Due to the high correlations between the cryptos everything is in a holding pattern, waiting for BTC to break up/down. There are many alt coin pairs that are itching to be longed waiting for BTC to break the range, my favorites are: ADA/BTC - BCH/BTC - TRX/BTC - LTC/BTC - EOS/BTC. My gut wants to long it all, but my trading system/strategy has a better ROI than my gut, lol. I will probably start building long positions in the aforementioned alts do break their local highs while BTC is sideways. The only positions I have right now happens to be the only alt coin that broke it's local range highs, ETH/BTC and ETH/USD. This pair is showing major strength and has plenty of fundamentals to go with it (Constantinople hard fork in few weeks). (As I type this TRX/BTC is trying to local high, will see how it closes) Hopefully BTC can sack up and break out of zone, then there will be plenty of opportunities for exponential gains in the al/BTC pairs. If it breaks down I will short certain alt pairings along w BTC/USD. Now if ETH breaks/closes $175, IMO, these alts could run regardless of BTC, so that is something to watch for. At this moment, the best R:R is is to buy longs at green support one if you are overly bullish, and shorts in red if overly bearish. When we break these zones up/down, this outlook will have played out and we (the good traders) will evaluate the new evidence for future decision making. I will be updating this idea as we go, so follow, and like, por favor. Gracias. Good day Gents, Sir Lambo Moon (Sent from Lambo)
BITFINEX:BTCUSD
by SirLamboMoon
2
ETH/USD COINBASE - SYMMETRICAL TRIANGLE Could this be a symmetrical triangle? Im not leaning bullish nor bearish, but i will set targets for both scenarios; A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. If this were a battle between the buyers and sellers, then this would be a draw. This is also a type of consolidation. In the chart above, we can see that neither the buyers nor the sellers could push the price in their direction. When this happens we get lower highs and higher lows. As these two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. Eventually, one side of the market will give in. So how can we take advantage of this? Simple. We can place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves.
COINBASE:ETHUSD
by METMORIU
BTC – positive ratio on the wealthiest walletsHi Guys! We checked what happens on the top 100 wealthiest addresses on BTC. So it doesn’t look bad. There are as much as 46 wallets that just gather money and not send them out. Wow, this is actually nearly a half. The next 41 wallets had at least one outgoing operation in 2018. The rest 13 didn’t have any outgoing operation had at least one such operation in 2017 or earlier. Moreover, the ratio of incoming operations to outcoming operations is positive. Of course, each operation may contain different amount of BTCs but as we can follow these wallets it is easy to observe that the majority of them is actually growing in terms of an amount of BTC. Furthermore, as we mentioned in our previous analysis somebody has bought 3 bln USD worth BTC at the beginning of December 2018. A well-informed person? They created multiple BTC addresses transferring 8000 BTC on each wallet address. This set of wallets starts at number 126 from the richest wallets on BTC network. You can check it on explorer. Technical analysis details: • Visible range – we touched the bottom of Value Area marked since the beginning of 2017 The point of control = fair price at $6720 Mid-term target - the top of Value Area. • Bollinger Bands – we are right now in the middle of the “decider” zone If we manage to bounce up from the $3715 region we can count on a couple of days of growth. Target would be $4300 If we fall target $3125 • Weis Waves - not much volume on the correction which is a good sign – green wave expected • Sentiment Zone Oscillator - still a bit of room for the price to be saturated (pumped) - just crossed the signal line. Guys, what are your forecasts? Are you more optimistic or pessimistic? Please do share your thought with us in the comment section. If you would like to help us and motivate us even stronger please don’t forget to give us a like. It is always highly motivative. MASSIVE Hugs! WBM Team
BITFINEX:BTCUSD
by WBM_Team
7
A trading opportunity to buy in QTUMBNBTechnical analysis: . QTUM/BINANCECOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.39500 to 0.32470). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.39500) Ending of entry zone (0.32470) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.48070 TP2= @ 0.54410 TP3= @ 0.67870 TP4= @ 0.79280 TP5= @ 0.92970 TP6= @ 1.02900 TP7= @ 1.20550 TP8= @ 1.38640 TP9= @ 1.64630 TP10= Free
QLong
by ForecastCity
Very Short Term Bitcoin Short, RSI Divergence into ResistanceAs Bitcoin met expected resistance around $4,100...I am entering a short term short position. Note the RSI divergence on the hourly chart, and such divergence, when it occurs at a resistance (or support the other way) carries more weight than a random one. I'm looking for bitcoin to come back at least to $3,874. But more than a short, I've sold an amount of hodl alt coins to buy back at lower price, possibly as soon as later today. Volatility is back :). If bitcoin pops through and makes a higher high for this move, use that as a stop, otherwise, I'll wait to see if stochastic can cycle back down and reevaluate. Travis JMJ - UIOGD
KRAKEN:BTCUSDShort
by Procinctu
BTCUSD BEARISH PATTERN STILL WORKINGBitcoin remains under technical selling pressure on Wednesday, with the number one cryptocurrency trading close to its 2018 trading low, at $3,196. The bearish head and shoulders pattern on the lower timeframes has yet to reach its full downside projection, close to the $2,700 level. Overall, the BTCUSD pair is likely to continue to drift lower unless buyers can perform a sustained recovery above the $3,500 level. The BTCUSD pair is strongly bearish while trading below the $3,500 level, key support is located at the $3,196 and $2,700 levels. If the BTCUSD pair moves above the $3,500 level, a correction towards the $3,700 and $4,000 levels remains possible.
BITFINEX:BTCUSD
by OctaFX_Official
XRP - SO MUCH CONFLUENCE FOR UPSIDE!Hi Traders, Hope you are all well. This is My current view of XRP/USD - I belive we have Made a clear impulse to the upside from $0.25 - $0.80 - Followed by an ABC Corrective Wave and we are ready for upside (I also follow the fundamentals and partnerships of Ripple the company and their actual product is now live XRAPID) - Also we are now on the way to complete a Shark Pattern Which is a high win rate harmonic , I don't trade harmonics but i draw their completion zones and fib levels to add extra confluence for my target taking. - The market has now printed My ideal entry which is a flag pattern which meets my requirements as a Trend Continuation Pattern which is what i use to enter the market and join the trend.
BITFINEX:XRPUSDLong
by TheWaveTrader
8
BTC – low volatility – no one is eager to sell below $6500Hi Traders! No volume on the market means boredom – at least for the time being. But there is also one good thing. This is low volatility which for traders is not good by itself but in this particular case means there are NO more people who are willing to sell BTC below $6500. We have this strong resistance since the beginning of the year ($ 5800-6500). We are also convinced we won’t go lower than $5800 which was stated in the previous analysis from October the 3rd (you will find it right down below the analysis). We added 4 EMAs to our chart. As they were far away from each other on Dec 17 and Jan 18 they are very close to each other right now. It means when they are close to each other, the price doesn’t fluctuate, doesn’t change much. If you are a day trader or at least short-term trader it doesn’t work as an advantage. But in this case, it is positive. We have no room for further declines so the only way is up from here. This makes a safe mid- and long-term trade. All we need is some positive news from the market, new investors coming (both individual & institutional). Please do be an EVANGELIST of the crypto. Of course, not all of the project will survive but 100-200 of them will make a revolution. Bitcoin will last for sure. We don’t have to worry about that. Please add your small part to make bitcoin and crypto popular. Just tell your family and friends how they can transform our economies, countries, politics, natural environment. Do it personally, on Facebook, Reddit, Twitter. So this is a bit high-flown but, when things are not going where we want them to, big picture thinking might be the solution. It will help us to maintain calm and patient. Remember BUY LOW SELL HIGH. So here are details of the technical analysis: • 4 EMAs close to each other – low volatility – no moves down expected as explained above • Strong support at $ 5800 remains unbeaten • MACD strong positive uptrend – we are about to cross the level of zero • Chaikin Money Flow indicator shows stronger pressure on the price lately – GOOOOD So Guys. That’s it. First of all, don’t panic and the most important don’t sell now. Are you BTC evangelist? Are you in? Please do JOIN us. HUGE Hugs! WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
SC – Sia coin – Hard Fork is coming – profit/loss ratio 963%Hi Guys! Most of you already have heard about the hard fork of Sia. We read about that a lot and we think this is a good idea. To make the long story short. They produce their own ASICs. They are called Obelisk SC1. They are used to dig Sia coin and maintain the whole network. Everyone can buy them. However, ASCIs from Bitmain which are also used in Sia network, determine almost 45% of the whole hash power rate. This looks a bit dangerous when taking into account potential growth of dominance of Bitmain and their hardware. Within a weeks/months they could exceed the level of 51% and if they are intentionally very mean, take over the whole network. So (almost) none of the creators want such situation. 51% owned by one company? No way! So, as a result, they decided to change the algorithm and unable Bitmain and Innosilicoin to operate in Sia’s network. So within the last couple of days, SC grew over 20% which constitutes the fact the community has taken this information as a good omen. The hard fork will come into effect by the October 31st. There’s no plan to issue new coin. If somebody will do it, basing on the old network, the new coin might be issued but there are no guarantees that any exchange will support it. Technical analysis details: • Very low at the Fibonacci scale (only 70 sat over minimum value) • Probably double bottom forming • Ichimoku Cloud - over Tenkansen and the cloud – strong bullish • MACD – bull’s cross over the level of 0 • Chaikin Money Flow – strong pressure on the price is getting even stronger – take a look at the angles. Fibonacci targets (this can take a while as those are taking into account whole price span): Target 1: 0.00000235 Target 2: 0.00000353 Target 3: 0.00000457 (end of double bottom) Target 4: 0.00000544 (mid-term) Target 5: 0.00000679 (long-term) Target 6: 0.00000852 (long-term) So, as a result, we can lose 70 sat and win 730 sat which makes a great profit/loss ratio at the level of 963%. So do you think hard fork will have a positive influence into Sia’s future? Are you hodlers of this project or you just trade? Massive Hugs! WBM Team
Long
by WBM_Team
8
ETH-USD Short Update - Bear Flag Breakout Sub $100 Potential This is just a brief update to the Bear Flag Pattern I have been following in ETH-USD. This pattern started to present itself back in early September when ETH dropped out of the $280 range all the way to low $170s on September 11th - September 12th. The bearish flag pattern is forming nicely and has been confirmed by multiple data points over the past two weeks. Within the original large yellow bear flag pattern charted, another smaller blue bear flag pattern also appears to have formed. If ETH crosses the lower bound of the smaller blue bearish flag then I believe it will quickly cross the yellow lower bound and lead to a large downwards breakout. The larger yellow bear flag pattern's second leg down (the start of the blue flag) was a smaller dip than expected. I believe breaking the yellow flag at this point will result in the large downwards breakout originally expected (green line down). I am posting an update and new idea related to this position because I am keenly watching the MACD on both the 8 and 4 hour windows. The last time the MACD fully crossed down on the 8 hour we saw decent price movement downwards from the upper bound of the yellow flag which formed the new smaller blue flag within the original pattern. Yesterday I posted an update since it appeared it may cross the 8 hour soon. This is illustrated by point "A" on the MACD and the ETH chart. The cross was denied yesterday but it looks like we are close to another downwards cross, see point "B" on the chart. Since I am trading high leverage I am waiting to enter until the trend fully breaks out. I am looking for a clear cross on the 8 hour before I enter. I believe these current prices could be a fair entry point but ETH is especially volatile and I don't want to get wiped out by leverage before we see the downward movements I am predicting. I am setting up entry points from $220 down to $210, even $205 depending on momentum, if this is the breakout I am expecting we could see a price decline along the length of the green line of the larger bear flag. We could see sub $180 ETH prices in the next 2-3 days if it breaks now. I will not be entering this trade until it crosses. I think it could be profitable to enter now but that is up to you as an individual and your risk tolerance.
BITFINEX:ETHUSDShort
by Captainsmugglebutt
BTC hitting midpoint of Regression Trend meanAs the title says, we are currently hitting midpoint resistance of the the Reggression Trend channel. Although weaker than the tops and bottoms, this usually presents its's own support and resistance. We already saw a nice volume spike and a spike on the 30 min chart in the CMF to confirm the breakout. We will need to show more strength to overcome this area as well. Keep an eye on oscilators divergences CMF not looking great but also not terrible. OBV bee climbing steadily despite lower prices. We just broke the 4 HR ichimoku cloud as well with a green forecast. Looking prime to break out, but this is also where you can have your largest drops. Manage your risk and trade safe. Will assess targets when that happens
BITSTAMP:BTCUSD
by Gouws199