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Crytpocurrency

Bitcoin ScenariosBitcoin has been on the downtrend line from the moment it reached the all time high of 20.000($) dollars. At the moment Bitcoin has found some bullish momentum from the 9.000($) support level and its following an uptrend line . The price of Bitcoin is battling between the 11.700($) resistance level and the 9.000($) support level. There are two possible scenarios for what the near future holds for Bitcoin. Scenario 1:With the upcoming closing of the Futures Market we can expect a drop,looking both at the Rsi and Macd we can see that this is very possible since both indicators show us bearish signals.Having said that we could expect Bitcoin to reach the 9.000($) price tag. Scenario 2:The price will continue to struggle between the resistance and support level until it finds some upward momentum.If it does the next resistance level will be at around 13.000($) where most likely it will force the price to move down. Trading tactics:In both scenarios we have to wait for the Rsi and Macd to give us a reversal signal in order to place our orders. If scenario 1 happens we should wait for the price to bounce back from the support level and place our orders around the 10.000($) If scenario 2 happens we should expect the price to break the resistance level and have our orders placed around the 12.000($) In conclusion,right now the market is in a tricky situation and the best option we have is to let this one play out and wait for a clear bullish signal to activate any orders.
BITFINEX:BTCUSD
by ApoVas
THE XRP Cross of DeathThis drawing accompanies my others and highlights a 4 hour chart with 200 and 50 day Moving averages. The Gold line is the 50 and the Red is the 200. The x forms the traditional Death Cross. The MACD is crossed and heading lower> I have created an alert for the downtrend confirmations. Interestingly the Bollinger Band % shows another Hook. With this in mind I mentioned in a previous chart that a J-hook had formed. When these happen there is a 80-90% correlation to the opposite direction fast. Hence, Xrp from .88 to 1.70 pushed through. My other charts are still correct with initial observations. The PSAR is still down. So I have Down MACD, PSAR and a deth cross. A hook has formed and may cause a short bull run...4-8 hours but the overall trend is still down.
BITSTAMP:XRPUSD
by ramonbenavides12
12
Litecoin in a bearish channel, watch for the break of support! Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. 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 bounced perfectly as forecasted, prepare for bounceBitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (55,5,3) is seeing major support above 7.6% where it is bouncing nicely off and has good upside potential for our bounce. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDLong
by Tickmill
2
Ethereum approaching major support, prepare for a bounceEthereum is approaching major support at 1008 (38.2% Fibonacci retracement, ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to potentially push price up to even 1258 resistance (61.8% Fibonacci extension, horizontal pullback resistance). We have to remain careful that Ethereum is in a bearish channel and would increase our conviction for a bounce if it breaks the upside resistance of this channel. Stochastic (55,5,3) is seeing a bounce above 4.3% and also a recent break of a descending resistance-turned-support line signaling a potential change in momentum. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDLong
by Tickmill
1
EOS - Short Term Trade w/possible 70 to 130 % ProfitIt has been a while since I posted a trade idea due to the uncertainty of the BTC. Now, here is a new trade idea for EOS, which can potentially provide a good profit. Overall, EOS looks strong and has been doing fine despite bearish market. Targets and buy-in zone are provided in the chart. There is a chance it may take more time to reach the targets due to the uncertainty of the BTC market, so plan and manage your trades accordingly. BTW I do not believe that BTC correction is over. We are still in the correction, and will be there for a while till we see a clear bullish movement. **This is not a financial or investment idea. As always, trade at your own risk and do your research before setting up any trade. Good luck..
Long
by CatoOzz33
ETC/USD: Attempting a Breakout HODL til March 5Looks like it's finally going vertical. Breakout confirmed on smaller time frames. Hoping to see a daily close above the downtrend line. Reason for March 5 HODL. Also ETC was one of the few coins that didn't pump during the holidays with insane 300+% profits. Callisto Network Fork Airdrop happening somewhere between the time frame of March 5. I entered at Long @ $34.20 With a Profit Target of $120+ for the aggressive Trader. Profit Zones where I will take 1 - 10%: $41.95 2 - 20% $53.95 3 - 20% $82.10 4- 50% Long for anywhere in between $122-165 Do not trade based on this Analysis. Just doing it for the Play button. I minimal experience trading, this is for view only.
BITFINEX:ETCUSDLong
by jovani7919
2
Bitcoin in a Wolfe Wave pattern - Elliott Wave & beyondBTC in a possible WW pattern. Market eyes line 1-4. Technicals of WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge DOWNWARD (as in this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BULLISH WW 6 - IF Lines 2-4 and 1-3 converge UPWARD (opposite to this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BEARISH WW 7 - A NEW line should be defined, connecting Point-1 and Point-4. a) Points 1-2 are connected by a zig-zag ( a simple a-b-c pattern in this case) and points 3-4 are connected by a flat 3-3-5 INDICATORS confirmation: 4hr MACD bullish divergence WW Model eyes line 1-4.
BITFINEX:BTCUSDLong
by IamCryptoWolf
6
Bitcoin continues to bounce nicely, remain bullishBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There has been little major news announcements that have caused Bitcoin to move significantly recently. There’s still a battle amongst the bears who are riding on the wave of regulatory setbacks Bitcoin is facing and the optimists who are bullish above the psychological $10,000 support. The next few major news announcements will likely have stronger volatile impacts as there is pent up demand and supply all waiting on the sidelines now for the next sign of where Bitcoin is heading. Reason for the trading strategy (technically): Price has continued to bounce nicely and we remain bullish looking to buy on dips above 10294 (Fibonacci retracement, horizontal overlap support) for a further push up to at least 12808 before 14497 resistance (Fibonacci retracement, horizontal pullback resistance and horizontal swing high resistance). We look to move our stop loss to support at 9399 (ABC Fibonacci extension, horizontal swing low support) to protect our profits. Stochastic (34,5,3) is seeing major support above 12% where we expect further upside movement from.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
Bitcoin bouncing perfectly, look to protect our profitsBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There is still tremendous doom and gloom about Bitcoin and the only reason we are seeing a correction is because Goldman Sachs analyst Sheba Jafari has published an analysis saying that we expect a possible correction below $10,000. That has fuelled some hope amongst investors and led to the recent intermediate corrective bounce. Reason for the trading strategy (technically): Price has bounced perfectly off our buying area and we look to buy on dips above 10294 (Fibonacci retracement, horizontal overlap support) for a further push up to at least 12808 before 14497 resistance (Fibonacci retracement, horizontal pullback resistance and horizontal swing high resistance). We look to move our stop loss to support at 9399 (ABC Fibonacci extension, horizontal swing low support) to protect our profits. Stochastic (34,5,3) is seeing major support above 12% where we expect further upside movement from.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
STORJ ForecastSTORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing trade as well so buying on any of the support levels can be profitable based on the current scenario. Bullish long term but remain cautious of buying above market price.
Long
by shaxrashid
BTC/USD (XBT/USD) in possible downtrend channelLook closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do check for yourself however before touching it. Last lower trend-line rebound was around $12,500 with RSI (7) being around 30 (oversold). Bitcoin began to collapse on the upper trendline around the $17,000/$17,500 level with RSI (7) being around 70 (overbought); currently, with Bitcoin being around $14,800 as of writing this, RSI (7) is at 43. So, Bitcoin may be in negative territory, and there may be scope for further decline until the $11,500/$11,000 mark IF it follows the possible downtrend channel.
BITSTAMP:BTCUSDShort
by michaeldobfx
2
Siacoin #SCUSD - one more wave to the upside? +315% possible!The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break out of the technical resistance level at 0.1132. On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: UP Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking) KEY LEVELS: - for further increases - level 0.0838 and later 0.1132 - for continuation of correction - level 0.0838 and 0.05040 - for continuation of decreases - 0.0410 PS: Make sure you FOLLOW ME! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
BITTREX:SCUSDLong
by sebastian.seliga.7
12
Ripple facing tremendous bearish pressure!Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards first intermediate support at 1.5960 (61.8% Fibonacci retracement, horizontal swing low support) before major support at 1.2434 (78.6% Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:XRPUSDShort
by Tickmill
15
TRX - TRON Ready for round two? (TRX/BTC)TRX has seen some crazy gains over the last 2 weeks and everything that goes up must come down. The sellers are worn out and as the correction carried farther and farther all that was left was buyers... this is what causes the spike to happen from one point of view.regardless how you see it. It has started the spike and looks to be consolidating. We should see more upwards movement soon. Prices have broken out of a descending triangle which is a bullish chart pattern. Mixing Elliott Waves and Chart Patterns is a key to success I believe as I have been taught to do this to get a higher rate of accuracy. But if you mix too many different indicators or techniques it can lead to a very flawed analysis... I hope I am right here and only time will tell. I encourage everyone to follow me on my steemit blog. where I will begin posting a lot more and being a lot more active. I think I may start a news channel over there as well as post a lot more charts by request of my followers.:) You can find me @cryptosuf with my lion logo. Good luck everyone
Long
by Cryptosuf
8
Bitcoin testing major support, possible upcoming bounce!Bitcoin is testing major support at 14200 (61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. However there’s strong descending resistance holding price down really well. Only a clean break of this resistance level would add conviction to the rise we’re expecting. RSI (34) sees bullish divergence vs price signaling that a possible reversal is impending. At the same time, there’s a bearish descending resistance line that needs to be broken to open an upside move. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDLong
by Tickmill
8