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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
Bitcoin: BTCUSD Grinding Higher within the ParallelsBitcoin BTCUSD Thursday Morning Stopped out of the long for 9 point loss overnight at 8172. Bitcoin is now trading at 8171 after a high at 8282 on Bitstamp. It's left quite a big rejection spike off the upper rising parallel of the continuation pattern it's been hammering out since yesterday's lows - it's just breaking the first litttle dynamic here as this is written and should find support off the lower parallel and try to rally again from here. It is doing, leaving a spike under price now as well as above. Which signals indecision and range trading inside the rising parallels for now. The spikes are making it difficult to trade at this point - but it's grinding slowly higher and is still positive above 8160 and more likely to push higher still to grind down the bears - but it's a battle with sellers likely to appear again between the 8213 line and the line above it and buyers at 8170-60, causing whippy trading conditions. But the near term bias is still up towards the upper parallel and eventually to the 8418 line. Downside from Here It has to break below the small rising central parallel to trigger another decline 90 point decline to 8074-8058 and the lower rising parallel where it should bounce again. We then need to see a break below the 8058 line to short again back to 7820-7800. A break below 7750 would in turn trigger another short to 7562.
BITSTAMP:BTCUSDLong
by sumastardon
1
WaBi Token DownWaBi Token has reached an all-time high against the dollar, hitting $5.9 price tag. But then the trend has suddenly changed from up to a downtrend. WABI/USD has already lost 78% since it reached its' peak and continues to decline. WaBi broke below the 76.4% and then 88.6% Fibonacci support levels suggesting the validity of a bearish trend. After a correction up, WaBi hit the 76.4% Fibs, that this time acted as a resistance that has been rejected. The downtrend is likely to continue and the downside target is seen at $0.4 area, confirmed by 327.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
WShort
by CryptoPAMM
GDOW: Global Dow Limit Down all over the WorldGlobal Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what may later today, this index has to hold closing values at 2967. It's probing the lower parallel and whilst it holds up the Global Dow (and therefore all major markets too) has a good chance of rallying from here, the perfect spot. But the 2967 level is effectively limit down for the Global Dow. A close below here will tip this index back into bear territory again, forcing back down to 2920 to begin with and then after a small counter-rally back down to 2887 at least and then most likely back to 2802.
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by sumastardon
BTCUSDT - Volume Analysis Prediction 3/26/2018The situation on BTC has changed a little bit. The price returned to the balance and reached its middle. What does it mean? 1. The market is not ready to grow as it should. 2. Buyers are not active enough. 3. In case of breakdown of this level, the price is waiting for an adventure down to 7400. Also there is one more level that can rebound the price - level 7700. In summary, we have 2 levels for buy positions - 7700 and 7400. Both levels are best worth considering with additional confirmation of volume (vertical or market profile). Stop loss in both cases must be 7295. If the price break down 7300, the potential support levels would be: 6500 (weak level, needs confirmation), 6000 (strong level) and 5700 (very strong - max volume of October 2017). At the moment, everything is in the bearish scenario, be careful. If the price bounces from the current level, you can try to buy on a rollback to this level with a short stop Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area. F L - flat level. T L - trend level. Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
by mooncatcherpro
BTC USD UP or DOWN ? Which Way it's gonna choose ? Hi Everyone. Welcome to this analyze of 4 hours BTC USD charts. Looking at what happened yesterday, it just confirmed that we following the H&S pattern. But as there is really low volume, we may break from it and go down to my Buy zone, or we can finish it at 10.5K. Confirmation of uptrend would be closing above 8.7 K . Confirmation of downtrend is gonna be closing below 7.8K Stay sharp and if you will decide to trade before confirmation use stop loss ! Don't risk. Thank you for reading, feel free to leave your feedback . This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
BITFINEX:BTCUSDShort
by Coder775
Vcash VS Bitcoin - Where Is The Bottom?Vcash continues to slide down since it reached the high on the 15th of January. It has already lost 55% to the Bitcoin, but where is the bottom? The Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that 161.8% levels was broken and has been acting as a resistance, that was rejected twice. As the trend remains bearish, the nearest downside target is seen at 261.8% Fibs, that is 3400 satoshis. Perhaps this could be a reversal point for Vcash, unless the support is broken, which could send price even lower.
XShort
by CryptoPAMM