Cyptocurrency
Bitcoin(BTC) AnalysisHello guys,
Bitcoin has fallen drastically after the fail in rally. Lot of annalists expected in a rally of bitcoin however, bitcoin failed with an indication showing of weakening buys.
Market could always change and play against you so it is always important to put a stop loss.
Things to consider:
1.Bitcoin could retrace back to the common retrace back zone before falling down more.
2.Current level has a pretty strong support.
LTC(Litecoin) Head and Shoulders and Elliot Wave AnalysisHello guys,
LTC started down trending since around 8th November 2018 and ended wave (5) around 25th November 2018.
The zigzag formation helped the Head and Shoulders to play out and now seems like it is back testing the neckline of it.
Zigzag correction wave to be valid:
1. B wave needs to retrace between 0.618~0.886 of X to A.
2. C to retrace to 1.272~1.618 of B of A.
The B wave retraced to around 0.618 and C wave retraced exactly between 1.272~1.618 (it landed around 1.414)
Other things to consider:
1. It broke out from the head and shoulders pattern and
the estimated target price is roughly around 49.0~50.0 USDT. There is also a strong resistance from previous prices.
2. I personally bought at the right shoulder of the pattern and sold all with trailing stop loss around (C). I was very happy with the profit. I am planning to buy around the neckline with a tight stop loss 1.5~2.5%
BCH (Bitcoin Cash ABC) Analysis with Elliot WavesHello Guys,
BCH(Bitcoin Cash ABC) has started its downtrend wave since around 21st December 2018 and expected wave (5) to end soon with the ascending triangle pattern .
The triangle pattern tends to break upward after playing 5 waves and now we might be in a potential 5th wave of the triangular pattern.
If it were to hit the ceiling of the pattern that is approximately 175 USDT, and if it were to break out from the pattern approximately 200 dollars could play out.
Other things to consider:
1.Ascending Triangle Pattern has a rate of roughly ~72.77% (i) chance of breaking upward.
2. I personally bought at the start of the wave (4) and got stopped out around 170 dollars. I am waiting to enter a position around this level to see how it plays out. If I do I will enter with a tight stop loss 1.5~2.5%.
3. Please consider that TAs could turn out wrong, and play against you and that is why it is very important to set up stop losses.
Reference
(i) samuraitradingacademy.com
XLM (Stellar Lumens) Elliot Wave AnalysisHello guys,
XLM started its wave around November 23rd 2018 and finally reached wave (5) December 15th.
Zigzag correction wave to be valid:
1. B wave needs to retrace between 0.786~0.886 of X to A.
2. C to retrace to 1.12~1.272 of B of A.
It is now on 'potential' corrective pattern. Assuming that the wave is playing a zigzag correction pattern, B validates when it retraces to 0.886 exact point from X to (A).
And now heading towards C.
Other things to consider:
1.It also broke out from falling wedge pattern supporting point (B)
2.Has a strong support 2900~3000 area from Jun, July and September.
failure to push through $150, ETH ready to drop ETH has been extremely volatile for some weeks. failing to push above 150 resistance level because of thin dwindling volume and MACD divergence, bears swiftly took over and huge selloff occurred last night. looking forward, 150 will be a key resistance level. As long as the price stays below $150, the bear prevails.
qtum 30%+ soonwait
ladder in buys (green box)
stop loss under
sell at red box
better pic with thread of the day trading in comments
XMR a great swing trade or a melt faces investment entry channel trade, likely cycle bottom, 1st ever weekly over sold rsi, low supply, #privacy, coin actually worth investing.
There's suppose to be writing all over on how to trade it but trading view minimized it again. pic in comments on how to trade it
More short term downside before up for ETHWe are looking at short term downside across the board for cryptos. This should lay the groundwork for the start of an impulsive upmove for the end of the year. Here with ETH we are looking could see a small correction and downside to 185 before up to break the 255 highs and beyond.
Remembrance Day - Lest we Forget!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Remembrance Day - Lest we Forget!!
TODAY MARKS THE 100TH ANNIVERSARY OF THE END OF FIRST WORLD WAR. REMEMBER TO OBSERVE THE TWO MINUTE SILENCE AT 11AM TODAY. OTHERS MAY FORGET BUT WE REMEMBER.
ZCASH and coinbaseThis is a weekly chart displaying trend. Find your own entry in the daily/hourly. But it definitely looks like it has potential if the market doesn't continue destruction.
melt my face plz
BTC LONG TERM 1 DAY CHART.BTC 1 DAY CHART... I REALLY DONT CARE WHAT THE BIG GUY DOES AS LONG AS MY ALTS ARE KOSHER.
Is Litecoin ready for dooms day?I know a lot of people want crypto to pump to new ATH and in my opinion it will, but not just yet. On this chart I will show you what I believe has been going on and what I believe is about to happen. Now, I want all of you to know that these are my opinion, and like everyone else in the trading community I am just trying to make an educated guess and this prediction could very well not go as depicted in this post. Anyway, let’s dive in and try to make sense out of this mess.
On February 20th Litecoin made a run up to around $252, this run mark the beginning of the end. Since then Litecoin has been headed down like a rocket without fuel. But never the less it has been leaving bread crumbs letting everyone know what its real intentions are. I am going to be honest, I that time I did not see this coming. Yes I knew we were in a down trend, but I never thought that we were going to reach the levels we have enter and never in a million years did it cross my mind we were going to see $20, even though Charlie Lee did say Litecoin could potentially be touching those prices. Here we are on August 17, 2018 and Litecoin seems to be heading right where Charlie had pointed at.
I believe February 20th was the beginning of a final 5 wave correction that will bring Litecoin into the $16 - $20 levels Charlie Lee had warned us about. As you can see in this chart Litecoin completed wave (1) on April 1st when it touched around $109 and then started Wave (2) which lasted until May 6th and touch around $184 levels. At this time we started this crazy long wave (3) and what is more crazy is that we are still are in. From the looks of it we are about to start our final drop of this HUGE 3rd wave which will put us right around the $33 - $37 levels. From my analysis of this chart, it seems we might be touching those levels within the next week or so.
This will put us around 30 days from the SEC letting us know if the ETF for Bitcoin is going to get approved, denied or postponed again. I feel we will start wave (4) which will last about 30 days at which point we will get news from SEC that denied the ETF or postponed it again. Either way, I believe this is what’s going to kick start the final wave (5) which will bring Litecoin to its knees and down to the levels Charlie Lee had predicted.
It seems that at that moment is when the Crypto Bull run will start and we soon after see new ATH. I know some of you don’t want to hear this and a lot of you will curse me out for even thinking this can happen. But all I have to say is…. It’s a possibility.
Remember that this is just my opinion and you should make your own research before investing into anything. Never invest money you can’t afford to lose.
Best of luck to all
Holding the Main Trend...But for How Long!!!!!!It looked as though BTC had a real shot at the $7100 area after moving above $6600 earlier, but it is now testing the main trend support. For now it continues to hold, but has crossed through twice now. With a negative trend still intact on the daily chart, the current trend on the 2 hour chart doesn't look promising.
Maybe BTC can hold support near it's main trend and begin to develop a more constructive pattern. For now the wind in the sails is gone!!
Best of Luck!
BTC- BITCOIN When Moon, Sir?BITMEX:XBTUSD
With all the recent blood in the street and current ups and down between 5900 and 6600, this brings to ask (and hopefully answer) the question, "When Moon, Sir?"
Honestly, I believe we are closer to seeing a larger rally sometime in the fall/winter --following another smaller rally I expect to play out near-term. However, in order for this to happen, we will need a larger catalyst to move the market and get people excited to invest again. Let's face it, many people (and newer investors) have been hurt attempting to trade this market. They bought when prices were near all-time highs (ATHs) and sold the dip. This has left many people jaded and more cautious than ever.
That said, I do believe we may see some relief again soon from all the selling that has been taking place. As it currently stands, shorts/bears are once again approaching ATHs. The last time this happened, we saw a rather large movement to the upside. Keep in mind, lately, bears have been getting very cocky -- leading many inexperienced bears to their demise. Although I am no stranger to shorting this market, I do not believe the risk-to-reward currently favors the bears.
What people forget is the hardest decision in trading is often times the right decision. In other words, when everyone else is shorting, it may be time to look the other way.
So, I remain steadfast in my belief that we will see some form of relief soon before we continue further downward.
Two things to watch out for:
1) A break above 6650, which would resume the uptrend.
2) A break below 6850, which may signify further downward movement.
Judging by what I'm seeing from Heiken Ashi on the daily, I am sooner leaning toward greater movement to the upside, which may incite another short squeeze to 6.8-7k.
However, if this scenario does not play out, a larger move capitulating to the downside is probable.
Stay tuned.
Potential Batt on BTCThe crypto markets has been taking a beating recently, but still tradable, looking for potential quick buying opportunity if price comes down to 5900s taking full profits (T2) at 6600s
There is a trading opportunity to buy in ETCUSDTechnical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (14.0 to 12.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.0)
Ending of entry zone (12.1)
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 reversal patterns is formed in the zone.
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Bitcoin Short Term Update 6th JuneAs Predicted We Broke Down From The Wedge Outlined In Blue, The Case That The Recent Bottom Is In Is Still Intact Especially After Todays Short Squeeze.
The Bulls Came Back In Today With Some Volume, Our Bullish Case Is That We Will Be Retesting The Resistance Area Between 7800-8k That Bitcoin Couldnt Bust Through At The Weekend, But I Expect A Higher Low To Be Formed First And Maybe Some Sideways Action.
The Black Arrows Demonstrate What Pattern is Likely If The Bulls Cannot Break Resistance If We Have To Go Back To The 7K Area Again Before A Nice Rally up The Odds Of The Recent Low Being The Low Becomes Less Likley And We Could See A Lower Low.
My % Bias Is: Break Straight To The Upside From Here 10%
Form A Higher Low Then Retest The Resistance Area 60%
Go Back To 7k 30%
Keeping Position Sizes Small At This Point
Follow For My Updates
This Is Not Financial Advice & Is Just My Opinion of My Interpretation Of Reading Charts
Show Time for BTC - 7900 test, 6900 ish coming if it failsMentioned this in the last post, but here it is again - 7900 is a test I knew we would see, and here we are - now, though, the April 12th candle is the next price move that needs to be met with some retrace/price finding. 6900 is the lowest-ish we may see if the 79/7800 support doesn't hold. If it does, BTC will likely (finally) make a somewhat reliable upward move.
The Grand-Pubah Consensus Is Here. Will BTC climb as Expected?Price spiked today on the opening of the BTC Consensus, now, let's see if blind investors can actually drive the price up through these tough ceilings that are very closely stacked above BTC right now.
We have the 1200EMA in orange, the short-term trendline of the most recent bear movement (white), the ichimoku resistance @9065, previous resistance @9400 and the combined resistances of the descending trendline AND the 61.8% Fib at around 9500.
That's a LOT in a very small price range. Let's see what level of confidence the Consensus brings out!
