Down
CapriCoin VS Bitcoin Showing WeaknessCapriCoin found the support at 1500 satoshi and started to moving higher. Under heavy volume, price broke above the 200 Moving Average but immediately was stopped at the 38.2% Fibonacci retracement level.
Currently 12-13k satoshi area remains a key resistance as it has been rejected three consecutive times, together with the 2/1 Gann Fan trendline. CapriCoin does not have the necessary strength to rise now and therefore should correct down towards 200 Moving Average or 61.8% Fibonacci retracement level at 5885 satoshi. Only a break and close above 13k satoshi could invalidate bearish outlook.
BTCUSD two patternsHello.
Two possible patterns appeared. H&S and W. Indicators shows bull`s tendens. For the last days my forecasts were very good with the help of indicators, so i think it`s more chances to go up from that point, at least to 17k (upper bb line). Cant say will it be higher or not, because we lack of fandamental now. The threshold is ma20 at 1d tf. breaking through will mean up, bouncing will draw right shoulder.
Who`s holding - move your stop losses.
Thank you for attention:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you is precious for me. Watch status to make it.
Thank you for attention!
BitBean Needs To RestSince November BitBean has been rising strongly and went up from $0.002 up to the $0.024 resulting in a growth of over 1150% in less than two months. At $0.024 it found the resistance confirmed by the 127.2% Fibonacci retracement level applied to the last corrective wave down.
As there was a clear rejection of $0.024 it is now likely that BITB/USD will consolidate for an extended period of time, of course, if the resistance will be respected by the market. Break above the resistance should signal on the uptrend continuation, however, at this point, BitBean could be taking some break while moving lower.
Shift VS Bitcoin Back To SupportShift has managed to grow substantially during the past 30 days period, rising from btc 0.0001 up to 0.0009, resulting in a 650% growth. Although the wave up was stopped at the 61.8% Fibonacci retracement and now it seems that SHIFT/BTC could be falling back to the previously established support.
The support is at tc 0.0002 area, which previously has been tested a number of times. While there was a clean rejection of the 50% Fibonacci retracement level at btc 0.00065, now it is more and more likely that Shift will continue losing to Bitcoin.
Decred Time For CorrectionFollowing the previous idea on Decred , it has reached the upside target at $117 and as expected tripled in value. But now as the resistance is being rejected DCR/USD could start a consolidation period or even start a strong correction down.
The $117 level should be watched closely, while it is being respected by the market, the downside pressure will remain very high and Decred could correct down towards one of the Fibonacci retracement levels.
Therefore, at this point, buying Decred could prove to be extremely risky, unless the resistance is broken. Wait and see approach could be the most appropriate.
Pivx VS Bitcoin Has No Strength Following the previous idea on Pivx , it has reached the downside target and went lower. Although afterwards, price corrected up and reached the resistance at 87k satoshi. The resistance has been rejected, suggesting that PIVX has no strength against the Bitcoin.
PIVX/BTC is likely to go down yet again to test the 61.8% Fibonacci retracement at 52k satoshi. This level should play a key role in further price action, where the break below could lead to further weakness, but rejection could prove that Pivx might explore new highs.
At this point, Pivx is still weak and the only break above 100k satoshi could prove otherwise.
DXY Dollar Index Trying to put up a stand at 91.76 supportDXY Dollar Index
The Dollar Index has fallen to the next blue line of support
91.76 after an intra-day low at 91.75. It's trying to hold here.
It's still trapped in a near term downwave and struggling to
escape. It's already made one attempt to escape the down-trend
and is trying again now. There are pins forming below the low
and above it too on the 2 hour chart, denoting conflict/confusion
here. For the bulls to win some respite they need to force
DXY above 91.95 and hold it there (and no lower than 91.92
on a retest once 91.95 is taken) to attract more buyers up to
92.05-92.12 range where DXY will likely turn back down again.
For DXY to show it's turning back up from that point it will have to
take back 92.12 and then turn 92.04 into support when tested
from above. Will need to see something like this kind of price
action to convince that DXY has more upside to 92.49-92.55
On the downside the next support below 91.76 lies at 91.52 with major support/maximum likely downside target at 91.02. A move below any blue line by more than a couple of pips is likely to trigger further weakness back to the next one.
More reasons to fall than rise(Note turquoise indicators this time)
Resistance levels
1. from 124.76 to 125.08 indicates a potential slowdown upon hitting that level.
2. Another more recent gap at 125.48
3. and the Fibb level at 125.77 indicates multiple slowdown regions
4. not to mention top boundary of the declining channel
What are the signs of continued upward movement?
1. The strong momentum up, just look at the indicators
The doji after the gap does indicate an uncertainty. Almost an apprehension, second guessing - "should I have jumped up too far up in the last move? hrmm...
Timing:
Wait for a 20 bar upmove, currently, we are at bar 13.
Why 20? the upmoves have averaged about 20 - 24 bars, so i'm hoping the pattern remains. there's no other basis apart from this and yes, it does seem very arbitrary but frankly im trying this out.
So what are the possible moves we can make here? The main question is whether this upmove will continue or will it fall. Well we are currently in a larger consolidation pattern from a downtrend (see monthly chart). The would be more inclination to keep on the trend that this consolidation still has a bearish slant. THe uncertainty form the doji and the resistance levels also compels me to say that the upmove will slow down.
What trades can we make? This movement could go either ways, but I think I will buy a puts at around 124.50, the little space beyond the channel and the supply zone, at the market (if it happens to reach the level) but will only do so after bar 16. Currently we are at 13. So I will await to initiate short!
Short price: 124.50
Stoploss level: 126.50
TP: 120.1 (potential support + pitchfork channel)
Lets see.
I am concerned that for fundamental reasons, most expect gold to rise, but hey, we are looking at the short term, at most, the next 25 bars. In the long-long run, i do agree to long gold.
AVEO downHey guys, sorry I haven't posted in a while! I'm phasing in to the stock market because it's not so technically influenced; I like the fundamental side but not so much fundamentally inclined. Anyways, technical points AVEO will go down and Zacks Rank #4 means SELL! Do not long AVEO until it retests the support!
Do your own research. Good luck.
XENE - fallen angel pattern Long from $2.91 to $3.43 XENE seems breaking out of its downward channel formation. Twiggs money flow crossing to the positive side, and it has insider buying.
We think it has good upside potential.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- downward channel breakout, fallen angel pattern.
Entry Target Criteria- Current price ($2.91), Ideally look for a pullback
Exit Target Criteria- 1st Target $3.43, 2nd Target $4.43
Stop Loss Criteria- N/A
Indicator Notes- Very strong Twiggs money flow index.
Special Note- Some insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BTCUSDDISCLAIMER : I just want to make clear that I'm fairly new to this market, so any opinions and advices are welcome! This could all be wrong but lets hope not! :)
After doing all 5 Impulse Waves Bitcoin must retrace and do ABC (according to the Elliott Waves) The A point should be near the Neck Line, B should be "the same" as 3 and finally, (according to the Elliott Waves Rules) C must be near the low-point of 4.
After doing the ABC Bitocin will bounce back up
Once again to wrap things up, this is MY opinion! Don't take what I say for granted!
Have a nice day.
StealthCoin Taking a BreakFollowing the previous idea on StealthCoin , it has reached the upside target at $1 - 527.2% Fibonacci retracement level and went even higher. XST/USD produced an all-time high yesterday testing $1.4. At this price was the 727.2% Fibs retracement level it was clearly rejected.
Currently, it seems that StealthCoin upwards momentum will take a break and the range trading or even a corrective wave down could take place. In order for the price to continue moving higher $1.4 resistance must be broken. Unless that happens, StealthCoin could be a risky cryptocurrency to hold.
ETHUSD. Breaking down on back of Bitcoin ETHUSD. Update
Bitcoin is breaking down and is likely to retest the lows - this
will bring down every Alt in its wake. Close out any longs and
consider getting short for retest of 551-546 at leat and more
likely 488-481 and possibly 447. Get liquid or short and be
ready to buy again when it's down on its lows again
Suggest selling ALL Alts ready to buy back again from lower values later
BitcoinCash Should Go LowerFollowing the previous idea on BitcoinCash , it has gone up as expected. After breaking the triangle pattern, the price went sharply up, from the $1700 support all the way up to $4200, resulting in 146% gain over the USD.
Now BCH/USD is facing a resistance at 127.2% Fibonacci retracement level applied through the previous all-time high corrective wave. This is the $3750 level which has been rejected throughout the past couple of days. Price spikes went above that level, up to $4236, nevertheless, it failed to close above the 127.2% Fibs.
Now the key price level remains $4236 and only break above could push BitcoinCash higher. But at this point, a corrective wave down to 61.8% Fibonacci retracement, at $2680, should be expected.
Major BTC/USD (CoinBase) Bear Market!! Buy Dips Buy Dips Buy DipWow I'm actually pretty surprised BTC is going through a major dip right now. Last part of chart show a diverging down wedge where prices may go as low as $12k within the next 5-6 hours. However, the bulls might fight back and buy in pushing the price back up passed $15k. Only time will tell...happy hunting my friends! Please follow if this was helpful <;