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ADA holding within its ascending triangle. RSI looks bearish.ADA is holding within its ascending triangle pattern on the price action, but the RSI triangle it was in has broken down, indicating we could see the price action start to follow before too long. I'm watching for a sustained break below 980 to confirm the break-down of this ascending triangle pattern. the 0.5 fib level around 960 and the .236 fib level around 930 are area's I'm watching for a rebound should it break down. A lot of this will be dependent on BTC; as for if BTC starts break down hard, I wouldn't be surprised to see ADA break down hard alongside it. If price can manage to hold within the ascending triangle and can start to push to the upside, I'm watching the 1.272 fib level around 1050, and the 2 fib level around 1130 as possible target area's should we get a sustained break-out to the upside. --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility . If my post was helpful, and you'd like to support me, here are my donation addresses: BTC: 3JA2z6FkxDhEHo5ncMEHHGLx78dzzwC1KH ETH: 0x61DF878e5436530122f1A303e095dBd344502228 LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj Many thanks! :)
by Deftsuo
BTC/USD 4h Chart- Descending Triangle Pattern An interesting moment in which the triangle closes and the price should go up or down. In the textbooks it says that in a descending triangle, the price has to collapse, but will it happen? Unfortunately, I do not have mantic abilities. But what I have seen over the years at BTC does not happen this scenario for the first time. I compare between 2014 and today 2018. s3.tradingview.com This situation is clearly visible here. In 2014, contrary to a descending triangle, the price gets a bullish trend and goes up. I let you know what will happen in the future. If he considers contrary to expectations the price to go up "as I think it will happen" Give a thumb up. Thank you, I appreciate it
COINBASE:BTCUSD
by mojol1
A volcanic "Price" eruptionEruption means here going high fast then plunging down. That's what I think has started to occur. Another eruption may occur also at any time (the second quake), but that is still really hypothetical so let the "price" "lava" falls down fist. (blablabla) This is a very special analysis this time for 2 reasons. I'm doing my analysis on a 1-HOUR chart and I'll make the analysis based on 2 new indicators I've created: S4W Normalizer, and the S4W Velocity indicator. Based on my analysis: The sudden "pump" on price reaching 7800 USD has formed a wall. This is an opportunity for the S4W Normalizer indicator to bing a SHORT trading window, and to detect where the trade should stop. There is 2 candidates for the stop, which are 2 revert-peaks I've framed in the S4W/Normalizer indicator. I think the price may go down to reach one of those 2 Stop candidates. The first one is more sure to be reached, the second one is more risky to be reached. but it may possibly goes below that level. The S4W Velocity indicator has detected an upper peak that is a signal for a SHORT trade starting. I've drawn a vertical line to see where I would have place the real trade. I'm late in fact, so the trade started during that idea creation. Conclusion: Bitcoin is still about to go down again, due to that wall that needs to be "stabilized". I'm saying this to myself : "To say it short : short it now!!!" So the current scenario for me is to stabilize that wall. How can a wall stands up without a real foundation. That's why I think the price should go down a bit, right now. ---------------------------------------- PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks. PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you. PS3: The S4W/Normalizer indicator is a corrected price graph that enhance peaks positions. Compare that indicator with the price, you will see it follows the price but the HH,HL,LL,LH are placed on different levels that can be exploited. Drawing or seeking elliot waves, waves can be used surelt (I'm not a wave surfer)...
BITFINEX:BTCUSD
by Atemak
4
Metaverse 100% Growth Potential - Short TermMetaverse found the bottom at $0.46 after which strong growth has started. On the 17th of July ETP/USD has reached $2.2 high, which was 377$ growth in less than a month. But while the high was reached, ETP  has rejected the 88.6% Fibonacci retracement level, and price corrected down to $1.8 support area. At this stage, for the uptrend to continue, price has to break above the $2.2 level. When/if that occurs, Metaverse should continue rising towards 61.8% Fibs, which is a $4 - strong psychological resistance. On a downside, as long as daily close stays below $2.2 resistance a correctional wave down can be expected. The confirmation could be a break below the $1.66 level, which could result in a decline towards $0.9-1 area.
ELong
by CryptoPAMM
Uncertainties on BullsBased on my analysis : Since September 14th we've entered a channel, and exiting it will mark the real direction the market will go. I'm seeing the bulls power is "sanding" a bit. What is sure, for me, there is too many uncertainties right now to take action. The UP move is a bit compromised as it is now. Also, I've seen 2 of my support levels (violet lines) are matching FIBO levels 0.786 and FIBO 1.0. So I think now those 2 supports levels are keys, but I don't want to dream a nightmare. Let's wait to exit the channel first to see if price will lead to FIBO 0.786 then 1.0, or will still going up. The S4W compression is still not expanding yet. it slowly refrains its compression but no expansion yet. it's going flat, which means there is an expansion to occur soon. An expansion means a price going up. I see in S4W/Mirror indicator that the BULLS have lost a battle, as shown in the box I've drawn. Is it the end of war? Not really, because the SW4 Horizon indicator tells the road is still not blocked for an uptrend yet. My conclusion is : We are in a middle of a channel, and that brings uncertainties for now. I would not start a trade right now. We need to exit that channel first. Let's wait 24 hours , from now, to see if the BEARS have won or not. I'll check this by seeing if the bulls' line (green line) in S4/Mirror will move over the last red hill or not. If that's the case, we will be still on the road to "UpVille". I also need to check if the S4W/Horizon is still in bulls favor (= green line still descending). Finally, the 2 FIBO levels are matching too perfectly my 2 support levels. That's shows a possible bearish move to move going below 6K. :-( Let's exit this channel first, to know PS: An expansion is when the S4W/Compression indicator forms a green line and going up PS2: don't take my words for granted. Do your analysis, re-analyze, then trade. PS3: Don't hesitate to LIKE this idea, and follow me to get my latest ideas. PS4: <- Play it at home or buy an XBOX :-)
BITFINEX:BTCUSD
by Atemak
1
EUR/USD - From Bull to Bear! Hello traders, I bring you here a trade on EUR/USD, and i must say, EUR/USD is about to Become a Bear for a long time!! I was analyzing the weekly chart and price broke a trendline with almost 2 years and has just retested it and made a Shooting star on the weekly chart. Bearish MAs crossover on the Weekly chart also confirms more downside movement, the final target on the weekly is almost 1000 pips down. I will post later a weekly chart technical analysis if you want to so you can see how crazy can things get on this pair on long term! Big opportunity for us traders for sure. We are now going to touch de 0.5 Fib area and maybe going to retest the 0.382 area, and after that a big move down is expected. Wait for the entry zone to SELL! Feel free to comment your ideia below! If you like this post dont forget to leave a LIKE i appreciate it very much ;) I will update this trade when needed.
Short
by RodrigoFAC
7
Watch that wave!Since a couple of charts I've been bearish on BTSBTC, in spite of the price moving higher over the past 2 weeks or so. I'm confirming my "Messy Macro View" idea here: there's a strong downwards fibonacci channel at play here, and very little to be excited about in the crypto market. As I've said before, everybody is basically waiting for everybody else to start a strong, impulsive move up. The result is, of course, that nobody's buying much, volume is reduced to a trickle showing little confidence in the crypto market in general, and in the end, prices drop because people phase out of the market. With the little volume there is, people leaving the market can cause steep drops, and I'm convinced the recent Goldman Sachs move was only the trigger for a move down that was going to happen anyway. But, back to the chart shown here! In fib channels the centerline is key, shown here in purple. From may to july BTSBTC tried to break through, succeeding at the start of last july. The centerline then became support, resistance, support and now, finally resistance again, with the break to the upside turning out to be weak. So, I think we're about to put in the 5th wave down of the last leg down, as shown above. No predictions about how far we'll go, because there are so many pivot levels that are significant that predicting the right one is a waste of time. My practical advice at the moment would be five things: 1) Short or stay out of the market. Don't go long for now. 2) Wait for the daily RSI to drop below 30 - something that hasn't happened to BTSBTC in ages. Given that our "bubble peak" in june 2017 went to 87 on the daily RSI (which is 13 above the 70 signal line) , it's only fair to assume that we can also drop significantly below the bottom 30 RSI signal line. 3) Monitor for subwave structure in the current leg down. 4) As the price reveals itself, watch where pivot levels cross with fib channel lines. 5) IF (and that's always a big if) price drops down, dollar cost average in when the subwave structure and daily RSI seem to indicate the end of the wave down. After that, I'm confident we'll go up again and see some nice gains.
Short
by thomasvandenabeele
5