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BTC/ USD not today...After seeing how sluggish the market is now, you can understand that we are not so far off, since most of the time is waiting for a minimum update, and big players are still watering it with small negative news ... proceeding from the fact that in mining now they throw in a lot of money, you can to conclude that the big players are interested, and they are not ready to lose more than 700 million, which means that they have information about the fact that the market will be pamped, but first it is very sweet to buy, so it's logical to go down the hill to get the right speed before rise You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
BITFINEX:BTCUSD
by Mrmoney7_7
4
Possible Sideways Movement for BTCFirstly, I apologise for the black lines on chart, just easier for me to black them out instead of redrawing them later. There seems to be a fairly large sideways channel (in orange) formed when I draw a couple of FIBs. There does seem to be a bit of support at $7,400 and resistance at $7,700, with only very slight breakthroughs on either side. BTC looks as though it is trying to break that resistance, having had a couple of goes at it, but no real strong rally to punch through. If this happens again, and fails, we may see BTC drop back down to roughly around $7,000. This is also very close to a support line (in red). If it does go beyond that, my estimation is mid $6,000. Conversely, if we break the $7,700 resistance, the next target might be around $8,000. This may be possible as there seems to be an ascending channel formation, as long as BTC bounces off the yellow dotted line support. I'm still staying fairly neutral here, as BTC is sending out some mixed signals. Trade safe and DYOR, everyone. This is only my (fairly ambiguous) opinion.
BITFINEX:BTCUSD
by Curdled_Jelly
BTC: Bear Flag, 200EMA and RSI says DOWN!Been a while since the last update, I've been quite busy although I kept reading stuff here and there. BTC is developing a bear flag BELOW the 200 days EMA. This mainly means we are going down! Stochastic RSI shows a fast invesrion from the overbought area down to zero. Personally I would set a target price around 7200, close to the strong trailing support level highlighted in "pink". As a side note we always need to take into consideration that this market is highly manipulated and almost anything can happen. I'm waiting for a breakout towards the bottom of the bear flag as a trend confirmation. ***As usual, this is not a trading advice.. It is merely my idea for educational and informational purposes only***
BITFINEX:BTCUSDShort
by SteveEnnom
OkCash Downside CorrectionOkCash has reached the high on the 3rd of May, hitting $0.23. The strong move down followed resulting in the break below multiple obstacles. Price has broke below the uptrend trendline, followed by the break below the 200 Moving Average and the ascending channel. It seems that OK/USD is loosing the upside momentum and the downside correction could continue, especially after it has rejected the lower trendline of the ascendant channel. Strong support and the potential downside target is seen at 76.4% Fibonacci retracement level that is $0.12, which could play a key role in further price development. Break below the support might trigger further decline, at least towards $0.09 to form a double bottom and potentially price could go lower. On the upside, only break and close above current high/resistance at $0.23 could invalidate bearish outlook resulting in the uptrend continuation.
OLong
by CryptoPAMM
NEM Downside CorrectionNEM has reached the high at $0.46 and then formed a strong resistance at the 76.4% Fibonacci retracement level, which is $0.44. The resistance has been rejected for tree consecutive times suggesting the corrective move down. XEM/USD first downside target is seen at $0.34, where resistance was formed back on the 20th of March. Second support is based at 23.6% Fibs, that is $0.27 and this is the area where the 200 Moving Average was broken. It is important to watch these resistance levels for either a rejection of a breakout, but only break and close below the $0.27 could be a confirmation of a downtrend continuation. On the upside, clearly the resistance at $0.44 in general and $0.46 level in particular must be broken, with the daily close above it. In that case the uptrend is likely to continue and could result in exponential growth.
POLONIEX:XEMUSDShort
by CryptoPAMM
2
EURUSD Still Trapped in a Relentless Down-Trend - target 1.17218th May EURUSD Update EUR made the counter-rally move back to the upper parallel precisely at 1.1978 before falling away again. Having failed to hold up at the 1.1910 level it is falling further as DXY continues its long-predicted rally. EUR should fall to 1.1815 and then bounce to the upper parallel again before falling away further still to 1.1721 as the month progresses. Any bounce back to the upper parallel can be still be viewed as another selling opportunity until the down-side target is achieved. Whilst EUR remains trapped within this clearly defined down-trend this pair remains a one way bet. The trend has to get broken at some point though - only then do we switch back to long again on this pair. Just not yet awhile.
Short
by sumastardon
1
Cardano Going Down?Cardano recently tested the high, hitting 4190 satoshis, where it formed a bearish divergence on the RSI oscillator suggesting a corrective move down. The corrective wave followed and currently ADA/BTC is trading near the 61.8% Fibonacci support which is at 3400 satoshis. It is yet to be seen whether Cardano will reject this support or break below. However, if the support is broken, price is likely to move lower, towards 88.6% Fibs near 3k satoshis psychological support area. And only break and close below 3000 satoshis could send price back to 2k satoshis. On the upside, clearly there is strong resistance near 4k satoshis area. But if price will manged to break and close above 4200 satoshis on a daily time-frame, it is very likely that the price will go parabolic resulting in strong gains.
by CryptoPAMM
1
AION Losing To The USDAION has formed a double topp near $4 area and wend down breaking above the 200 Moving Average. Although currently it is facing the support, that is the level where previously 4/1 Gann Fan trendline has been rejected.  In order for the correction down to continue, close below $3.2 is required. In this case AION/USD should decline further, down to 88.6% Fibonacci retracement level, that is $2 area. On the upside, if the $3.2 support will be rejected, followed by the $4.2 resistance breakout, the uptrend is likely to continue.
AShort
by CryptoPAMM
3
ETHUSD Still Beating Bitcoin - Even on a Down DayETHUSD Still Outperforming Bitcoin ETH rallied just under 100% from the resurrection day lows at 360 to high at 713. In that time Bitcoin rallied 50% or so. Today Bitcoin is down 3.7% at moment and Eth is down 2.9%. That's impressive price action by ETH for sure. So far at least. It should be double that decline but it's less than like-for-like. Whatever the current ratio, it still moves with Bitcoin - which has hold up at 8800 for ETH to stay overall positive too. At the moment despite losing the lower parallel and tripping over its edge Eth is holding up off the first support line at 625 - it's ralled from just above the line towards the underside of the parallel and been rejected. But it looks unlikley to break lower still unless Bitcoin in turn breaks below 8800. And if so, Eth would be likely to fall to 576 and the lower parallel of a potential flag in the early stages of formation where it becomes a buy again if tested with stops below by 5 points or so. Returning to the upside any break above the upper parallel of the nascent flag formation at 693 now would be very bullish and signal further nearer term strength to 869- 89. Eth is still outperforming though, as today's price action confirms.
BITFINEX:ETHUSD
by sumastardon
EOS is going down! here's whyEOS has had a very nice pump up to $22+ but its been long overdue for a healthy correction. Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction. EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing and going to start selling if it goes down Watch out for a bull trap as it is very likely to happen with all this bullish momentum. Ideal entry would be the top of the bull trap, and stop losses should be used in case it goes for another pump upwards.
BITFINEX:EOSUSDShort
by deniskov
4