Crytpocurrency
ONT Rejected at 26MA on 1HRNo surprise here! Same thing we have been seeing over the last week or so! Bulls gain some momentum, break the 12MA and get SHUTDOWN when attempting the break the 26MA.
Although the longer this goes on, the tighter the difference between the two will have to become and that's when we need the bulls to strike!
Pay attention to these trend lines! The bears and bulls have both been using them and it's important to know who is using which as support/resistance and more IMPERATIVE you are looking at the right time frame!!
If you can identify these trends, you can STILL make money... even in a bear market like this!
J_DOT_CRYPTO
Callin' it like I see it!
BTC: Bull Trap and repeating Pattern. Target $5,800In my opinion, we're in a Bull Trap. Dead-Cat Bounce.
There's a very similar Ascending Triangle forming on a smaller time-frame to the one we spilled from a few days ago. Similar Fractals, too.
Ascending Triangles are usually Bullish, however, in a overall Bear Market, Ascending Triangles will often spill to the downside.
I'm short right now with stop-loss at $6450. Target $5800 over next 24-48 hours.
Stay Sharp.
BITCOIN - 8 BUY Confirmations on The Current Price Level!!Hello, followers and other TradingView users!
Technically, here we get probably the delayed short-term bounce for day traders!
Bounce criteria:
1 . April low works as a support - $6425
2. Trendline from the wicks since 15.09.2017 (three touches, today was fourth)
3. Fibonacci retracement area, not the perfect one but between the 62%-78% (Pulled 24.06.2018-29.07.2018)
4. Fibonacci extension level 161% (Pulled 20.07 - 25-07)
5. On the 4h chart - RSI Divergence & RSI is on the 'trendline'
6. Current price action shows us on the shorter timeframes nice harmonic corrections between the Fibo levels.
7. We have completed the 5th wave on the Elliott Wave theory
8. ABC pullback gives us same length 'legs'. On the Elliott Wave, those are 3rd and 5th waves
Hopefully, this helps You out a little bit to confirm Your own analysis! DEFINITELY make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
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SEC ruling on ETFs postponed-denied scenarioGoing short around @ $8650-8700
- continuation of the current parabolic growth after market crash is extremely improbable
- there is 90% chance that ETFs will be postponed by SEC to 2019 or denied altogether, reason being that it usually takes a very long time to be approved for ETF, for example, it took 23 years for Gold to get approved.
- 200 MA Daily resistance coming from the top
- RSI showing high overbought levels
- Pitchfork drawn from the top of last candle just before the 2014 final selloff(capitulation move) aligns perfectly with $86000-8700 resistance that we've hit yesterday and believe will act as further resistance
BitCoin crypto currency buy opportunities at new weekly demandBitCoin crypto currency has a strong weekly demand zone in control and being respected, there is a clear monthly uptrend and long term long bias after such a strong expection correction.
There is a new weekly bullish impulses being created with new daily demand levels within. Clear long term long bias on BitCoin.
BTCUSD - Prediction w/ bearish batBTCUSD has made a clean break of the inverse head and shoulders to make a higher high somewhere following a lower low which has triggered a huge bias change amongst online traders I follow on reddit/twitter. Though I dont think this means we will break above 10k any time soon, there is reason to believe we are finishing the bear market.
The RSI has not been above the orange resistance we are facing currently in 2018. The OBV has not broken above the downtrend line that was broken a few days ago since 19k was reached.
The ichimoku cloud is about to turn bullish and we have already had a bullish Tenkan/Kijun cross.
Given that I think this is a reversal in the making I won't be looking for long term shorts.
I was stopped out of a long on the right shoulder forming... that one hurt my feelings.
Now looking for longs in the green boxes. I think a retest of the neckline is very unlikely.