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Crytpocurrency

Potential Bear Flag?*NOT FINANCIAL ADVICE - JUST MY OPINION* On the 4 hour chart it looks like a potential bear flag is forming - what's interesting though is that every bear flag that's formed off the rising support line has been negated - which I've circled. Based on the RSI & Stoch RSI on the 4 hour chart entering an upward trajectory, my anticipation is that we will see consolidating upward momentum for next day or two maximum, a bear break to the bottom of the support channel once volume comes in (I don't expect this bear flag to reach it's full target as that would break our support that has been extremely strong last few months) and if we are following previous patterns, the DAILY Stoch RSI at that point should reach oversold conditions - which should lead to another bounce of the upward trending support line. My guess is except the price to reach the ~$6,200 level by 28/09 when volume comes in and bear flag breaks down - then expect a consolidation along that level ~$6,200, this will form a pattern that would resemble a bearflag again & that bear flag to be negated & to bounce upwards from there if we are following the higher lows pattern and upward trending support line + also following the pattern of negated bearflags circled in last few similar price movements on the chart.
BITFINEX:BTCUSD
by gtra8
Potential 45% (no leverage needed)Cryptotraders are too focused on BTC pairs. Why not pay attention to ETH pairs as well? Look at the XMRETH chart. See that nice, predictable volatility? Ether and Monero aren't strongly correlated. These are two cryptos that with very different concepts and goals, so their prices tend to be uncorrelated (that is, compared with other cryptos). XMR will release bulletproofs soon, and we might see a temporary 'sell the news' downturn or perhaps stagnation. In contrast, ETH has already dipped over the past week, and we should expect it to regress to the mean, maybe even hitting $400. As a result, ETH may go up against XMR. I might be wrong, you never know. Maybe Monero will keep going up, perhaps peaking at 0.64. But I wouldn't bet on it. I would rather sell part of the XMR I bought at $80 and hold ether for a while, rebuying Monero all the way down to 0.3 ETH.
XShort
by modern_day_astrology
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!
by jreilly1310
1
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! To get updates - click the FOLLOW button and don't forget to LIKE! Thank You for your support.
BITFINEX:BTCUSDLong
by VaidoVeek
44
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
BITSTAMP:BTCUSDShort
by Eye_of_Providence