Exponential Moving Average (EMA)
My God ETHEREUM!!! 1st Published Idea-Woot Woot!!!ETH is really blowing through an ascending trend and blasting past the 9 period EMA and there's still room for growth on the Stochastic RSI. I'm definitely very Long on ETH... Expect a retracement maybe back to around $290-$300 during the week... Hope it hits $500 soon :-)
XEM-BTC analysisI fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend.
Until it is possible to notice, the market is about to test the region where is located the Exponential Moving Average (EMA) 50 periods. Then, in case this EMA 50 hold the the price, it is possible to make a entry in this asset; nevertheless, a short time-frame analysis in necessary to refine the entry.
However, it is still necessary (in my opinion) wait for a reversal signal based on MACD . Even though MACD and RSI do not show divergence, it is clear that at least MACD did not show a change in its signal line, which means that the price will keep falling/testing EMA 50.
Bollinger Bands show us the price bellow its base/median line, which means a possible continuation of bearish movement.
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For analysis based on Ichimoku Cloud , please click on the reference link below RELATED IDEAS.
Looks Like a Good 5th Wave FormingPair: USD/JPY 4h
Trend: DOWN. Price is under Ichimoku Cloud, 21EMA is slopping downward, 100EMA crossed below 200EMA with price below them both. MACD and Stoch. concur.
Fibonacci: There is an overlap in Fib retracements at 110.083 indicating a strong resistance. Price hit this but did not develop a candle above it. But because the price touched 0.382, I would keep an eye out for a reversal.
E Wave: The 4th wave has fully formed so we want to ride the 5th wave (impulse). Because the 1st and 3rd are similar in length, the 5th wave will likely surge.
M Pivot: Today’s price could possibly range between 109.672 and 110.682 (right above entry).
Abandon Trade: I would consider abandoning trade is a candle forms above 110.083 resistance. A confirmation of reversal would be a break of 110.682.
Summary
Entry: 0.618 level or SHORT at 109.723
TP: 1.618 level or 108.151 (157 pips)
SL: 30 pips or 10 pips above 0.382 level or 110.180 (-45)
Risk/Reward: 3.46
AUDCHF SHORT term (Trendline breakout)EMA rejectionAUDCHF SHORT term (Trendline breakout)EMA rejection
AUDCAD Short term (Trendline &support breakout) EMA rejectionAUDCAD Short term (Trendline &support breakout) EMA rejection
Primecoin interesting levels to watchI marked on the chart two important GAP's on weekly chart which are playing important role during price movement. The blue one seems like is respected by the market since may of 2015. Every attempt to go below or above this level is met with strong resistance. The green is the one which I will be observing as this one should act as support for further gains. I would set TP just below very important psychological number which is 5000 combined with three solid gaps(marked with yellowish colour). If the blue GAP will be pierced with solid bullish candle and it will sustains gains above for some time it will be opinion very bullish signal.
PPCBTC important support/resistance level to observePeercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal.
I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
AUDUSD RetracementAUD has strengthened over the last 40hours. However, Commodities are still down and the fundamental have not changed. AUDUSD is at a resistant level, a pivot point, the 75EMA, and has retraced tot he .786 level. I'm looking a move further down. I've put a smaller S/L at only 20pips since if it breaks above that level than I suspect it will strengthen more.
Golem vs Ethereum very solid support on Daily chartIt is very interesting chart. There is a very visible GAP on Daily chart which was respected by market recently. I would say this solid support should sustain the pair above this level and I would look for ABCD pattern where AB=CD. I'm not sure if correction will hit 50% again but even with this value we have good risk/reward ratio. I would set SL just below GAP and TP close to D point.
Support like this is rare and combination of 50% retracement with GAP making it very reliable also market seems to respect this level.
Bitcoin - Long-Term on Kraken's ViewShowing firstly a new trend provided by Pitchfork . Summarize little bit, Pitchfork is all about to respect these zones (blue, green) and lines (median line, intersection between blue and green, and the extremity). So, if the market respect the trend given by this tool, this Pitchfork will be a great way to be followed. Notice that the price touches specially the median line (red), which is a line where the price continually attempt to return to this diagonal and test this region. Looking previously it is possible to see that with this configuration the median line is touched several times, which make this Pitchfork very reliable for the present moment.
Bollinger Bands shows price within optimistic region. Moreover, it is showing a Bollinger Band strategy called Riding On The Band where basically this strategy will keep working until the next candle close completely inside of the band. When it happens this strategy will no longer be validated.
Based on the trend made by the pointed yellow line it is possible to trace a Trend-Based Fibonacci Extension . So that, it is possible to estimate a target for those whom are already on a long-entry in this asset. A preliminary estimated target is the region where there is a Pivot , which indicate a possible resistance zone.
Exponential Moving Average of 50 and 200 periods show super bullish trend and the markers R.S.I. and M.A.C.D. are not showing any signal of divergence until the present moment. However, it is possible to notice from R.S.I. that the price is in an overbought region, which is a clear indicative that the buying pressure is about to decrease and a correction is about to come. Nevertheless, M.A.C.D. still showing that there is more space for higher prices, and what show this is the fact that fast length (blue line) is a little bit spaced from slow length (orange line).
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Looking-up it is visible that Ichimoku Cloud still showing that Bitcoin is in a bullish momentum, and as described above the Pivot R3 and R4, which represente support and resistance respectively, match pretty much with Trend-Based Fibonacci Extension that is given by the pointed yellow line.
Clam gap respected and potential for further gainsThere are 4 GAP's marked on the chart. These are based on the weekly candle chart. There one on the bottom has been respected by the market for quite some time(orange ticks). Double bottom is market with black ticks. It is around level 0.00055.
Gains from last week were stopped at round number which was 0.0050000.
I'm looking forward to see what kind of price action we will see when pair will reach another GAP.
BCNBTC Bytecoin chance to catch bullish movementFor the last few days Bytecoin is trading between 30 and 40. It is quite possible that the pair will move higher and 200 ema should help here. This range trade can take a while. Interesting is that every time BTC is making new highs this pair is holding strong position above 30 which suggest strong buying power.
CADUSD 4HIn short term price of CAD will move down however, in long term will re-bounce to touch EMA.
Lets watch the power of the EMA-20 vs XBTLooking at the EMA-20 and the number of days above it are reaching 1 month (31 days). That cant hold anymore.
Break of rising wedge on 15m and 1hr EURUSD SHORTPotential short opportunity here. The candles have broken through the rising wedge pattern, waiting for price to cross below the major resistance (dotted line) and the 13 EMA (purple line). If price breaks these two lines then would expect price to retrace around the 200 EMA (red line).
Aussie strong signals suggesting bullish movement Fibonacci retracement 50% is a very good place to enter the market with low risk and high reward possibility (see link) . I found many interesting patterns on this chart.
Blue rectangle is showing head and shoulders formation on 1H chart.
Engulfing candle on 4H chart
There is Doji candle suggesting strong buying power at the 50% level
There is also GAP from Daily chart down below 50% marked with two blueish parallel lines.
All these patterns mentioned above are strong indicator that the pair will move towards TP area.
LBCBTC update chance for Re-enter once againBig bullish candle marked on chart created very strong support which is nicely respected by market. In my opinion pair is going towards psychological round number which in this case is 10k.
It is very common that big bullish or bearish candles are creating support/resistance level at :
1. top of body
2. bottom of body
3. 50% of retracement from top to bottom of the body.
I think market created very good opportunity to re-enter with relative low risk.
OMNIBTC chart packed with all sorts of patterns and formations There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading above 200 Ema which is bullish sign. This pair also established support level around 0.0020000 which is marked with bold black line.
I marked with black parallel lines most of the GAP above the 0.0020000 area so you can see how market is reacting to them (GAP’s are treated as the solid support to push higher which is suggesting strong bullish potential) .
This pair with all the mentioned formation looks very bullish to me and I’m pretty sure that this pair will reach 0.0150000 or maybe 0.020000 in future.
Nautiluscoin Re-ent with nice Cup and handle formation It is update for the previous idea regards this pair. I was expecting that the pair will do strong move up so that's why I set tight SL. Pair is trading below solid support/resistance area. I would re-enter at the market with new SL an TP. Cup and candle formation is used to determine the best place to set SL. This pair is very bullish in my opinion. It would be perfect to enter the market if the pair will trade above the GAP but you will have lower risk/reward ratio.
Aussie Update I was checking this pair after I opened long position. Monday opening was interesting(GAP). I'm aware that correlation with EURUSD had big role here. Honestly I was expecting that the pair will go down to test GAP and will go straight to reach my TP. Between 7530 and 7555 there are combined two GAPS as well which should hold losses plus 7500 as the strong psychological number.
Based on the price action from the last week I'm much more in favour of short position with TP around 7173. This pair broke series of strong support/resistance areas with ease.
