Get started

Crytpotrading

BTC- Onwards and upwards (slowly)Hello fellow crytpoheads, I thought I might go through some longer term projections in this analysis. On the daily chart the most important line is the green support line which as shown has now supported three attempts to break it. While the three lows are bouncing higher, the corresponding highs are also lower. After some time this formation, a massively bullish descending triangle (green lines) will eventually erupt upwards when closer to the apex. The yellow waves are a conservative representation of where I believe are the major pivot points going right through until the rest of the year. The expected growth is not spectacular because breaking the resistances will be difficult. For the next month $BTC will test the first major resistance at $8800, before sliding back to the support and on to $10k and then $12k as illustrated. The first test will be to break the solid yellow trend line above at about $8100. As you can see I have most of the price movement confined within the trend lines that act as the theoretical floor and ceiling. Also after researching the historical data I found in late 2013 BTC went up 1000% like late last year. It then took one whole year of slow decline to hit the bottom and only recovered to the original price 2 years after that in early 2017. So the point is market cycles will take time and I am coming to the realisation that BTC recovery might take longer than we think. I think you will see more analysts conforming to this idea as we enter the second half of the year. The good news is BTC will fluctuate, but not be testing $6000k or below anytime if at all. Onwards and upwards!!!!! *Please like or follow if you are happy with this TA. *Each individual trading position is unique and this information should not be used to formulate any type trading plan.
BITFINEX:BTCUSDLong
by UnknownUnicorn2742699
EOS: Bull Flag & Ready for Next Leg Up?EOS has been consolidating in a clear Equilibrium pattern for over a week now. The Stochastic RSI on the Daily has reached a bottom and momentum is ready to reverse. Additionally, the Daily RSI level has touched the previous strong support level of 58 and held (Steve and Pauline Youtube channel does a great analysis on this). With the upcoming EOS Airdrops, EOS main-net launch, and general positive & anticipatory sentiment, I see EOS making a major break soon.
BITFINEX:EOSUSDLong
by BitInfo12
4
#BTC TARGET 10400 in few days, longer run 11500Since we have now managed to break 9500\9600 fib again, I expect this time that we will use this as support and will not fall further or more under 9500. There are also too much good news coming in the next few weeks. This makes me extremely bullish at the moment. I expect that we reach 10400 now the next few days, actually within this weekend, which is a new mini fib as I call it after my charts, then a smaller pullback. Before we starts to hunt 11500 fib. I now expect that more volume will come into btc in the next few days, something macd also clearly shows that its time on 1 day chart. When we follow rsi on the 1 day chart, we have now received a small boost from the trend line. Something we did just around 60, indicating that we now want to follow our bullish trend.. I expect that rsi now wants up to one place between 78 to 90 over the next month, I think so we can expect that we over the coming weeks will reach 11200 \11500, I see that we will meet a lot of sales pressure from 11000 \ 11500 witch its a small and a larger fib res line on my charts.
BITFINEX:BTCUSDLong
by Porshy
5
#LTC, I mabye see a reverse head and shoulder pattern??LTC, I mabye see a reverse head and shoulder pattern on the 30 min charts. lets see if its plays out. As you can see, we are in a symmetrical triangle, indicating a bullish trend with higher lows and lower highs. So i therefore expect a breakout after bullback. Macd and Rsi pushing down, so i expect a bullback from 152 to about 148 \ 146 soon. Do not take your choices based on my charts as I'm still learning myself. Trade safe :)
BITFINEX:LTCUSDLong
by Porshy
ETHUSD back into resistance zone | needs to push out above 710After reversing the trend, ETH has made its way back into the resistance zone (650-745). The previous move on the 4 hour chart from 425-650 produced would have produced a nice return of 10-12% to the bottom line utilizing a 1% risk model. What to look for now. More consolidation in the current range between 625-680 on declining volume would be ideal. Currently the move from 620 has been on declining volume which is why more consolidation would be welcomed here. Next, ETH needs to clear the 710 area with volume. If it can do this, then there is a reasonable chance that ETH can reach the next zone (830-900). Position sizing the trade correctly will be key. Right now, if you use a 1% risk model its likely that 12-15% of capital could be allocated towards the trade if ETH moved above 710. From a theoretical standpoint, a move from 710 to 830 would be 120 points or 17%. If it were to happen and reached the bottom side of the next zone then the trade would be worth about 2.5% to the bottom line. Best of luck! *All ideas are for informational purposes only. They are never recommendations to buy or sell.*
COINBASE:ETHUSD
by CryptoCoinSpec
BTC - The Big ShortHello cryptonians, nice to have you ,hope your doing well. Let me start by saying the last 24 hrs have been quite exciting and even more so when you have trades in play. The whales perfectly timed a liquidation of a record number of short contracts. When we see the shorts or longs at ATH we can expect a big player to come in and capitalise on the situation, which is what they did. This is the play BTC need to shock it into life. So going back to early April, I had the 5 wave trajectory up to $9000. I always stated this will remain in play so long as we don't go below Wave 1 territory which was $6400 and must go higher than $7500. Please feel free to play my earlier analysis so you can check. I always said I do not follow other traders as a parrot saying it is going to $4000, but base my analysis on EWT, the data, market sentiment and psychology. We are now in wave 4 retracing wave 3. However, just to note this the retracement will be very shallow . Why? The Wave 2 retracement was very deep almost 1:1, so as a Elliot wave rule, generally the second retracement will be opposite to that of the first. Now to the numbers for EW confirmation and failure in this formation. So a break above $8090 will confirm Wave 5 which can expect to go between $9200 and $9500. Sell orders need to be placed in that zone, to recapitilise on the correction. A break below the $7509 is a Wave 4 failure and a new count will need to be done. Finally, I will state it as I have done on twitter before, we are not going to to test $4000,$5000 OR EVEN $6000 again. The low for this wave form was slowly going up but sits at $6500. It will not get back there this year. Whats coming up for the short to medium term? Expect a retrace back to $8000 and then a shot at the double top $12000k. Interesting little fact we are nearly back on track to $1000000USD by 2020 , take a look at the summary, fnordprefekt.de I am happy to chat with you guys, and explain everything I have stated. I hope you enjoyed my analysis as much as I enjoyed making it for you. Please like , follow me on twitter for accurate news and updates. Be good take care.
BITFINEX:BTCUSDLong
by UnknownUnicorn2742699
Warning: Bitcoin has a VERY Hard & MAJOR Decision to MakeWe are now at the cross roads in Bitcoin, we are either going to substantially higher, or substantially lower. Two major daily trend lines are intersecting and we are approaching the tip of the intersection. Each day that goes by, the space gets smaller and smaller, Bitcoin is getting backed into a corner and HAS to make up it's mind. In these situations, you don't want to be involved, you want to get out as fast as you can at the top of the trendline, which is currently 10,900, so an early exit of 10,820 is recommended so you can secure your exit. After you sell, wait to see how this plays out. If we break to the upside, you need to wait for the candle to confirm on the DAILY CHART. Yes this means even if it goes to 11.2 or higher after it breaks out, DON'T BUY until it confirms on the daily chart! From there, expect major resistance again at 11.8. I would recommend exiting at 11.7 and buying back once we're above 11.8 on the 4 hour chart. If it falls out of this channel, which is currently at $9,700 (and rising $100 each day), it will go a lot lower, most likely into the 7,000s. Don't risk it all if you have a chance to sell at 10,800+, pick and choose your battles wisely, this is not a battle you want to be apart of.
BITFINEX:BTCUSD
by ttrending
BTC AT CRUCIAL POINT!!!Hi all, In my last analysis I warned you all that BTC could drop down to the 6k mark and hopfully find support. Well, the time where that could happen is now upon us. As you can see BTC has arrived at the crux on my chart being pushed between the short term up trend and my long term bear trend line. What breaks first will signal the next week or so's trend until the next major resistance line which is around 10k If i was held a gun point and was asked where BTC was heading in this next week, contrary to my last post, I would have to say up. this rsi is looking nice, volume is still up, ao is up, price is still above the cloud and we have the positive tk cross. Obviously these things can change at a moments notice and some have already called the down trend on BTC, but i'm not so sure. This point is even more pertinent as we are in an overall bear channel and the down rend line has been tested times from rising bear flags, like the one we are in currently. If the bulls fail to break through this line then i'm afraid the bears will wreak havoc again and the bulls will have to form a line of defense on the previous line of support at the 6k mark. Post your thoughts and question below guys, ill answer any points you have and am always open to debate if you disagree with anything i have written here. Remember though folks, this is not financial advice and any trades you take are at your own risk. I, like all traders will be watching BTC and will take positions accordingly. Stay frosty, Moglli, out. p.s I post updates and alt coin ideas on my twitter here: twitter.com
COINBASE:BTCUSD
by Earl_of_Crypto
2
BTC on the 4 hour chartall analysis in the chart. things are looking great on the 4 hour chart. volumes are back. RSI is trending in the right direction. What's stalling this recovery tho is RSI is hitting major resistance around 60. however, the MACD and DMI are starting to show a positive story. lets see where this goes. On the daily we are still trading inside a descending channel. But the shorter term charts are beginning to turn around a bit and the 4 hour chart is looking great. bitcoinbobby
COINBASE:BTCUSD
by UnknownUnicorn1615160
1
BTC - "Show me the money"Dear Traders, What a ride the last few days. If you were patient and ignored all the FOMO, bear traps and naysayers you scooped up some BTC around 6k...well we proved those #HODLers wrong. Thank you shorts. We scooped up positions around 6k levels at record low RSI and we thought we were going to the moon. Buuuttt not so fast. We all know BTC is hitting extremely tough resistance under the 200MA (daily chart). The longer BTC is under the 9,050 zone the more the likely market sentiment will turn bearish and we will go lower. I'm not going to get into Fib retracement as I want to focus on the now, however, we know the 200MA, 50 MA, and 20 MA which served as support levels are now resistance levels. Draw a line and you'll see the price levels, but they are around 9000, 10000 and 12000. First BTC broke below the ascending channel and is now trading sideways and starting to make lower lows. I have located two support zones and 7 periods to match the chart with the indicators below. If the bears are successful in pushing below these zones 6k-6.5k might be back in play. I don't like to focus so much at what level BTC could drop as no one really knows. Yes I know Fib retracement theory works wonders. I prefer to buy based on what my indicators are telling me. If RSI and MACD confirm the trend and I have an opportunity to buy some coins at heavily oversold levels I'll pull the trigger and add to my core portfolio. I prefer this method so I can stay true to the data and to not act emotionally based on some fixed price in my head. Here are the facts. 4 hour chart RSI is looking weak! MACD confirms this signal. Also DMI is bearish showing that +DI is below both the ADX and -DI. Not great momentum. As we go shorter in time scale some of the indicators are giving mixed signals, but what concerns me is they were much more bullish even 12 hours ago. Now as I said before BTC is trading sideways so maybe this is just a consolidation period before we begin the next leg up, but that's not what our indicators are telling us. If anything we are looking to go south again absent of anymore positive news besides the recent Senate meetings on crypto regulation. For long traders there are absolutely no buy setups when looking from the 1 hour to Daily charts as we trade inside a descending channel. Short term traders might find some opportunities in the next 24 hours if a couple indicators can show some bullish divergence taking place. But for now I don't see any setups thats worth the risk/reward. Again, we make the trend our friend. The worst thing to do is to try and force the market work within your charts. It's better to be patient, let the market unfold even if we buy at higher levels. Because then at least we know how to handle the bull. Bears are so much more unpredictable. And we don't want to be pigs...because we know pigs get slaughtered! Good luck and be safe, bitcoinbobby
COINBASE:BTCUSDShort
by UnknownUnicorn1615160
BTC - I'll take RSI with a side of MACD and DMI Please!We like to complicate things with EW, FIB, fractals and more complicated approaches with insane trend lines looking at every possible time frame. At the end of the day the best analysis is the clean and simple. I don't really need to go on and explain whats happening here as it explains itself. Let's just say RSI won identifying the bearish divergence in the run up in December. This can be confirmed if you also looked at MACD and DMI indicators for support. The fuschia overhead resistance correspond to near the 200EMA and 20 EMA just to give some perspective how far away we are in this recovery. Why am I bothering looking at the past? Because this entire process is a learning experience and a way to fine tune your indicators and methods. I love me some RSI with a side of MACD and DMI please! #bitcoinbobby
COINBASE:BTCUSD
by UnknownUnicorn1615160
BITCOIN #BTCUSD - end of the correction? New highs ahead?The current correction is the biggest in the entire Bitcoin history (arithmetic graph) and has already reached 71%. On the other hand, the rate managed to rebound from the blue trend line just above the target level at $ 5,540. The $ 300 was missing so that the price hit the Fibo cluster. From the Elliott wave theory perspective, the price tests the bottom trend line (gold) and tries to break above it. The $ 5,962 level is now the most important technical support, with the support of $ 7,213 remaining. The next resistance tested is $ 8,160. Beating over this resistance can cause a gunfire towards very important levels at $ 9,222 - $ 9,515. Only breaking above these levels opens the way for further growth.
COINBASE:BTCUSD
by sebastian.seliga.7
15
XRP-Update The PSAR is extrapolated to show its activity against the candles. Each purple line demonstrates the reduction of PSAR to the XRP candles and terminates on each day for the next several days. Think as the PSAR as a fishing event...It is either chasing the bait (Which it has done here), catch the fish (its about to do) and taking line out (once it crosses over). There is a 7 cent spread until the fish is caught at this moment. The Bollinger shows that XRP is flat in the lower half of the band. This could mean more downside. However, there is a subtle movement away from the band which could also mean an uptick is imminent. The Gold line is the 50 MA...and is resistance. Think of this as being the waterline...Fish do not want to come out! (XRP candles) Notice what happens when the fish crosses the waterline. Fish (XRP) are getting hungry and they are under the wateline with occasional jumping out of the water and fishermen are anxious!!!!! MACD is getting seeker and now I just have to put in time in the water. I am actively fishing right now.
BITSTAMP:XRPUSD
by ramonbenavides12
13
Bitcoin and company getting ready to break out, down, or chop?BITFINEX:BTCUSD Already, crypto currencies recent volatility has scared some people to the point of vacating the sector. Dont be one of them. Crypto is volatile. Period. With volatility comes opportunity. This will continue for some time as the market matures. Refrain from hyper trading and be patient with entry AND exit points while being firm with your original risk management plan. Understand risk. Plan your trade. Trade your plan. Happy trading!
BITFINEX:BTCUSD
by nonoiz
$XRP.X Ripple H&S Fail but possible rebound at 50% FibI posted earlier that Ripple was breaking through the top channel and could at worst test the bottom of the lower channel. Since that action I have taken another look at Ripple to provide an update. This chart is a little busy but it is mostly to help cover a question a trader had on my previous post. A clear Head and Shoulders was formed and the neckline broken. What should give bulls some confidence is the 50% Fibonacci Retracement that was bought at three consecutive pullbacks near 0.00012191 Satoshis. If I were still in this trade and had a short term view then a stop below the 50% Fib Retrace would be me absolute max pain level. Good luck
by TheBossTrader
Gold fever on BitcoinAfter a week from our last analysis, Bitcoin continues to grow. We have another important week ahead, as we will have another BTC split on Wednesday. The place where the correction ended was at the level of 5200 USD where we moved to the designated TP at 6200 USD. When the BTC rate reached 6,000 USD, not only did it set a new peak, it also made an important milestone, exceeding its capitalization of 100 billion USD. A month ago, the capitalization of the entire cryptocurrency market was only 99 billion USD. At present it is over 170 billion USD and BTC's share in total capitalization is 57.9%. Let's look at the technical picture of the market. Bitcoin rates have been moving in the range of the channel since June, which has so far failed to hit the top. Price after the correction at 5200 USD once again reached its upper limit. The support has been not yet tested at 5,000 USD. The formation of the evening star can be seen in the diagram of the D1 interval. If today's drop candle closes at least 50% of the first candle from this formation, it will be a sales signal. Additional confluence is mentioned above the upper limit of the growth channel and the target reached 161.8% Fibo. Then the possible target spots of its end will be levels of 5400 USD converging with the Fibo fall of 23,6% of growth impulse starting September 15th and surroundings of the lower channel limit market on the chart as the D1 support zone. Alternatively, in the event of breaking the growth channel at the top, the long-term scenario assumes an increase to 8195 USD. But let's focus on the upcoming fork on Wednesday. Let's remember that although Bitcoin Cash and Bitcoin Gold are technical bits of Bitcoin, they do not affect Bitcoin in any way, and they are not a threat to Bitcoin. They simply use (in most cases) Bitcoin and distribute their currency proportionally to all Bitcoin owners.
BITFINEX:BTCUSD
by jpktraders