Chart and Resistance Idea for Bitcoin next Month BTCUSDAll the new money is weak money.
And we all now that BTC really needs that cooldown. Old money is going to cash out after that rising wedge which will lead to an H&S. When this is done I would be really happy with BTC touching that old resistance line from the last two corrections. In the best case it would be under 10k. There are many people waiting for that price to buy in and if lightning works I can see a good Recover from the dip.
Buy the dip guys.
Dip
BTGUSD Buy this dip for rally back to highsBTGUSD
BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the
next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of
parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to
unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again
ahead of a possible good weekend rally in prospect.
Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs
BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel
broken.
BTC to Pull STRAT down to buy pointBTC to correct soon and will pull alt market down about 35%. Good entry opportunity for STRAT at around $4.4.
EURUSD Buy this dip with tight stop for small lossEURUSD
There was a beautiful big head and shoulders top forming
here until the Dollar (DXY) fell out of its lower parallel, (see
DXY comment from yesterday to help time entry/exit in EUR),
meaning that the 2 month long corrective pattern it's been
hammering out had come to an abrupt end. DXY has quite a lot
further to fall and right now is just making a little counter-
rally before turning lower again -(should have another 15 pips
upside to 93.99 at a maximum) and falling at least another
1.5% from there, and potentially a full 3%. This means that,
although it's in our instincts to look for the short on a break
below 1.1780 (worth the short back to 1.1728, if
we do see it and this call is wrong...) it's actually more likely
that EUR rallies from here, firstly to 1.1871-1.1877 range
where it should get sold off again - and then if 1.1880 can be
beaten on the second attempt to breach it, it will signal that
DXY is declining the 3% and not just 1.5% close certainty. This
would force the EUR back to the highs centred around 1.20
where it will become a sell again with stop just above 1.21.
So it's a buy with stop just under 1.1780, only reversing
if this level is broken as above.
BTCUSD - Bouncing On The EMA 34 line (For Now)A huge drop in the price of BTC today, but it wasn't ready to go that low yet and bounced back up. For now it has found support on the EMA 34 line, but for how long? I think we will still see a drop to 5100-5200, hitting oversold, before making a bounce back up (10K??).
Let me know what you guys think in the comment section below and if you would like, you can leave your vote on this twitter poll:
twitter.com
** Use our referral link and get 8% - 10% back on your first loan at bitconnect **
If you lend: $100 - $1.000 you get $8 - $80 (8%)
If you lend: $1.010 - $5.000 you get $90,9 - $450 (9%)
If you lend: $5.010+ you get $501+ (10%)
Website: bccgroupinc.wordpress.com
Email: bccgroup.ref@gmail.com
If you haven't signed up under someone else you can add our username as your referral. We will refund your first loan after adding us to your account!
We will reply to your emails within 12 hours.
BEAR flag - Is The BIG DIPPER On It's Way?We have gotten close to breaking out of this downward bear flag. But we haven't. Also, at the time of posting this the sell to buy ratio is at %69.8 sell for the last hour and %58 for the last 24 hours. I think it is possible that it is going to grind downward over the slow weekend till it punctures the floor. Then the first stages of THE BIG DIPPER of 2017 will occur. Also could be forming a head and shoulders. I am not an expert. This is just an idea.
BTC to UNDER 5000?Hello. BTC is playing mind games with us but I think I have some math behind it this year. Its been a wild ride so is it going to pop or find support? Here we will show the path to 10K BTC and after that... it may pop and what ever happens people will need to remember to always buy the dip. The actual dip not the panic button buy dip.
Red circles you can see area of ATH.
Blue lines represent the length in time from ATH to the next small top.
Yellow line shows the dip and how its increased in steepness over the year. This is very important because math never lies and numbers are all around you.
Yellow arrows represent RSI. If you look at the blue and red lines, the blue crosses under the red before major correction. It is time for that correction.
So lets talk math. There are three peaks you see here. In June-July you had an ATH period of 8 days before correction. August September is 4 days. See the math? Its half... So this correction is 2 days of waiting for that correction. The ATH happened October 21, 2017. It is 23rd October, two days. YOU will see such a drop in BTC that this chart will verify.
If you don't see it go below 5200, then that was a good bounce but be careful and always push play on this chart to see if it lines the yellow line. I was able to predict the exact moment ATH happened on BTC. (see related)
With the upcoming forks and BTC Gold and other things to affect pricing, this is the most logical outcome.
Again, don't take my word for it this is just me noticing patterns. Something I love to do and will always rely on. Its helped my trades and swings tremendously
Happy Trading!
BTC to 5400 BEFORE ATHVery quickly, as the chart shows. BTC has been having a tough time getting over the resistance of around 5700. It has flirted with the level for a few hours. I believe there is a hidden Bullish Pennant right here. For this reason I am going to name another Dip on BTC to 5400 and that will be the final dip before liftoff. Get your tickets ready. Trade safe if you agree with this forecast. Those who are trading LTC and ETH this will follow as well with BTC.
BTC BOTTOM 1: 5500
BTC BOTTOM 2: 5400
Happy Trading!
LTC to 55 BEFORE ATHVery quickly, as the chart shows. LTC has been having a tough time getting over the resistance of around 61. It has flirted with the level for a few hours. I believe there is a hidden Bullish Pennant right here. For this reason I am going to name another Dip on LTC to 54, 55 for risk and respectful 56. You may enter 57 if you wish and that will be the final dip before liftoff. Get your tickets ready. Trade safe if you agree with this forecast. Those who are trading BTC 0.53% and ETH this will follow as well with LTC .
LTC BOTTOM 1: 56
LTC BOTTOM 2: 55
LTC BOTTOM 3: 54
Happy Trading!
If I just had more BTC to spend...Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts.
Everything is going down, and the best altcoins aren't spared.
I'll give you my short list, which could be way longer:
OMG
WTC
LINK
BNB
NEO
ARK
MTL
LSK
I believe they're all sure fires, which will go back up once the craze ends.
I don't exclude them going down further before Nov Fork, and that's the reason why you should average your buys in time.
BTW, everything below fib .50 is gold to me.
If OMG goes @.618 retracement, I'll definitely pour what I have left in it!!
Happy trading everyone!
Don't be unprepared when ARK will reverse!!It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly.
To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest.
ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction on ARK is particularly dramatic, and that's the reason why after gains like these you should sell!
BTW, I'm talking too much. The point here is that ARK has proven to be a solid coin, remaining strong also when BTC was crashing. So, get ready to jump on the boat, as once the correction will be completed, there'll be another fancy ride.
So, given I have a capital of 100 I want to put into ARK, I'd go like this:
25 @ .618 fib retracement (54k sats)
25 @ 47k sats resistance (if reached)
50 at reversal signals (price & RSI downtrend breakout, MACD crossover)
Buy the f*ckin dip!!!
LTC new Bottom REACHED?! Find out HERE!I have calculated LTC Bottom to be 43. After that it may stay in the 40's a bit until it shoots back up. here is my reasons behind it. LTC may try for 50 in the short run.
- LTC price is affordable at this level. If people are buying BTC per coin at thousands, people will buy a dozen of LTC for hundreds.
- China dump already happened it will not go lower.
- Summer 2017 the average was in the 40's and just before take off it was around 41-43
- People who bought in the summer some were long term holders so still holding.
- Anyone who bought the dip may be holding on the 33 level which keeps the price higher however without the China bad news it would have never been to 33 it would have been at best low 40s
Green Line could be a possible breakout on the 25th
Blue Line is showing an arc that's lining with the average low coming up.
Red Line represents where the average low was before it took off to 100
I am confident that this is the end of the downtrend or at least a good time to buy.
Please give my posts thumbs up if you enjoyed. I will be monitoring this event all weekend to determine a real forecast but I don't see it going much lower than this.
Thank you and happy trading!
This is not looking good. ETH back to $250/220?In short term this is not looking good.
ETH could go back to $250/220 before it can go up again.
In the $280 area is not much support (for now) compared to the last time a few days ago.
Luckily I stopped my last trade manually and sold already.
I go not in again in the $280 because it seems to unsecure for now.
Please see this idea. He could be right:
Bitcoin Support LevelsBTC is on freefall and already broke the 2550 support. Testing now the 200MA support @2450, and then moving for the 2400. It's a fairly strong support considering the convergence of the ascending trendline that traces back to march 2017 + the ichimoko. Anything can happen in the next few candles. I'm holding on fiat until a new clear trend show up. Recent support levels are indicates and if BTC breaks 1850 support... God help us all...
MSFT Always Drops When This HappensMicrosoft has been in a bull trend since 2012. On six occasions through this bull, three of the technical indicators discussed below are at the same or higher levels than they are now. I have laid out the reasons and levels to which the stock may dip while it most likely continues its overall bull trend.
When we take a look at technical indicators, the relative strength index (RSI) is at 75. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is oversold.
The positive vortex indicator (VI) is at 1.2626 and the negative is at 0.7155. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive VI is currently at an extreme level to which it and the stock always retreats from.
The stochastic oscillator K value is 90.1109 and D value is 87.9759. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is currently overbought, and the stock should decline in the next few days.
Since the current long-term bull began, there have been six times when the RSI and positive VI were at or above their current close price while the stochastic was overbought. These occasions led to a drop in the stock. The median drop occurs over 8.5 trading days and results in a 4.34% loss. The minimum drop on these occasions is 3.58%.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the fund could drop at least 3% over the next 28 trading days if not sooner.
AT&T revenues dip as wireless equipment sales slideAT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues.
Consolidated revenues slipped 2.8% on "record-low equipment sales" in wireless. EPS fell on a headline basis, but adjusted EPS grew to $0.74 (in line) from a year-ago $0.72.
Cash from operations was $9.2B; free cash flow came to $3.2B.
Revenues by segment: Business Solutions, $16.85B (down 4.3%); Entertainment Group, $12.6B (down 0.3%); Consumer Mobility, $7.74B (down 7.1%); International, $1.9B (up 15.7%).
It added 2.7M net wireless customers: 2.1M in the U.S. and 633,000 in Mexico. Postpaid phone churn hit a best ever 0.9% in the U.S., while overall wireless postpaid churn was 1.12% including tablet churn.
$CUR Ready For Lift Off. Dip and support ready to start bouncing back up. 5yr chart looks like climbing mountains soon!