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ETHBTC bounced from 50% Fibonacci retracementI posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it for quite some time. Area around .03500 was tested twice which is marked with orange ticks. Area between 0.03500 and 0.4200 created range where pair is consolidating in favour of long positions. I would suspect that 50% level will be tested once more, but more likely I see here that 200 ema will hold further losses and push pair up towards highs from 24th of March. These two green ticks above doji candles are suggesting something like double top and to me it looks like strong support/resistance area which eventually was broken. I would suggest to split stake in two and open position right now just in case price will move north quickly and open pending order in area marked on the chart.
Long
by Krystiannwk
ZECUSD Bat pattern and GAP for short I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis. I wouldn't trade bat pattern on its own but company of solid GAP makes it nice opportunity. GAP is perfectly respected by market for the last almost 2 weeks. Bat pattern will be used to help set TP area. Safe take profit target would be around 45$ 40$. I would again recommend very small stakes for this trade. I would also wait to see if the market reach point D and then open long position
KRAKEN:ZECUSDShort
by Krystiannwk
Dash possible downtrend extended I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I think that doji candle created 3rd of April gives us false bullish signal. This lowest low from 3rd of April in my opinion will be beaten by another lowest low. I set SL close to the EMA but this is risky I would prefer to set SL just above 0.70000(it is marked on the chart) I would wait for better opportunity then this one as the risk ratio is not so impressive and I'm not really sure where should TP area be. I’m pretty sure that it will go lower than the Doji form 3rd but I'm not sure how deep pair might go.
Short
by Krystiannwk
1
FlorinCoin more detailed market insight on 4H4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by that time. 6th of April pair managed to go thru this level but in short time it went back to test it again. It is probable that 200 EMA will come with help and will push pair higher. It is also possible that any further losses will be stopped but this level and pair will come back on bullish trend. It is also possible that pair will move lower that's why I would suggest to wait for some strong signal.
FLong
by Krystiannwk
LBCBTC significant area to enter with low risk Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP. ----->If the GAP hold further losses and push pair above this level it will be solid signal to go long with relative low risk compare to potential profit. SL is set just below of Daily candle and TP around 0.000100000 and I think it is very possible that it will reach 200 ema and it is wise in my opinion to close position.
LLong
by Krystiannwk
1
ETCBTC probable move higher to reach .004500 of even 0.0050000This is detailed analyse for my previous idea on Weekly chart : As we can see on Daily chart pair found support at .00200000 which hold pair for some time with probability that this support will give a boost to the pair to move higher. I set SL and TP for long position. I suspected that 200 ema will come with help if the pair will decide to consolidate for a while and then give it a nice push. I would risk small part of the portfolio for this one. It is probable that mentioned support won't be breached and the pair will move towards TP area but there is still chance that it will move lover just to move back on track.
Long
by Krystiannwk
ETCBTC chance that the pair will beat last week highs I'm observing this pair for some time. There is interesting double bottom formation visible on Daily chart. Important here is fact that it bounced from psychological 0.0010000 level which is very powerful indicator for trend reversal. Double bottoms are very rarely perfect but this one is very close to be one. What I would expect from the current chart is that the last high will be most likely will be beaten but another high. There is doji candle on weekly which means that the market uncertainty and pair can't decide where to go. It is false signal to go short and most of the time when you will open short position with this kind of formation your SL should be triggered. I'm pretty sure that the highest high from the last week will be overthrown. I see here 3 scenarios: 1.Pair will move above highest high from last week and then move back down 2.Pair will go beyond 0.0035000 level and move higher to reach 0.0035000 or even higher 3.Pair will consolidate for some period of time then move down and will consolidate there and eventually move lower to retest .001000 mark for third time.
Long
by Krystiannwk
BitCrystals/Bitcoin very interesting formation buy opportunityWhat I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for better entry level for good risk reward ratio, perfect entry level would be very close to the 0.000100000 mark. Entry at the current level is not the bad idea either. Let's see what this pair will decide.
BLong
by Krystiannwk
Cryptoccurency Factom/Bitcoin long pos. after perfect reboundThis fairly new market has its own psychology of trading. I found that many times crypto crowd follows simple technical formations. We can see here very nice double bottom with Doji candle, plus square number which it seems that is respected by crypto community. 0.0020000 was respected twice within the 3 months. I assume that this pair will go up and it will soon reach last highest high which is around 0.00620000. I would also set up buy order around 0.0025000 which could give quite nice risk reward ratio.
FLong
by Krystiannwk
1
Facebook Potential ShortOk there seems to be a lot happening to back up a short. RSI Divergence Reversal candle Falling volume Previous support acting as resistance pushing down on price This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs. All in all this is looking like a good setup, wait for the price to break the lows of the doji or if your conservative wait for a break of the trend.
NASDAQ:METAShort
by SilverTrader925
The incoming trend reversal.Bulls and bears have created the doji candle on the monthly chart. The doji candle after long uptrend might foreshadow trend reversal. Moreover this doji candle is after a long white candle. This means there is imbalance on the market. The market is "tired". The bulls might not have enough strenght to keep uptrend. The maximum of the upper shadow is the resistance level ($1166). If its broken the uptrend will be continued. It will also show potency of the bulls. The RSI levels are almost at 80, so the market is nearly overbought. The more overbought the market is, the higher probability of the doji candle to reverse uptrend. To make matter worse for the bulls, there is double top formation. In my opinion the price will go back to lower shadow of the doji candle ($735), however if there are more bad news for BITFINEX:BTCUSD we can fall down to $450 level.
BITFINEX:BTCUSD
by fosis