Get started

Exponential Moving Average (EMA)

BTC V pattern idea It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me technicals but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle. Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play. It is just a thought and it shouldn't be treated as trading advise
by Krystiannwk
ZECUSD Bat pattern and GAP for short I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis. I wouldn't trade bat pattern on its own but company of solid GAP makes it nice opportunity. GAP is perfectly respected by market for the last almost 2 weeks. Bat pattern will be used to help set TP area. Safe take profit target would be around 45$ 40$. I would again recommend very small stakes for this trade. I would also wait to see if the market reach point D and then open long position
KRAKEN:ZECUSDShort
by Krystiannwk
LBCBTC Re-enter as the pair is holding above support Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP. ...I closed position just in case this pair would go down further. __________________________________________________________________________________________ Additional information : Losses stopped at the support created by bodies of candlesticks from January and big bullish candle from 28th of March. Sometimes body of the candle is creating support in other words big bullish candle make support at the opening. See the other bullish candle and how pair react when it met level close to the bottom of this candle. I seems like that there is still potential for nice run towards 200 Ema or 1K level.
LLong
by Krystiannwk
7
Dash possible downtrend extended I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I think that doji candle created 3rd of April gives us false bullish signal. This lowest low from 3rd of April in my opinion will be beaten by another lowest low. I set SL close to the EMA but this is risky I would prefer to set SL just above 0.70000(it is marked on the chart) I would wait for better opportunity then this one as the risk ratio is not so impressive and I'm not really sure where should TP area be. I’m pretty sure that it will go lower than the Doji form 3rd but I'm not sure how deep pair might go.
Short
by Krystiannwk
1
FlorinCoin more detailed market insight on 4H4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by that time. 6th of April pair managed to go thru this level but in short time it went back to test it again. It is probable that 200 EMA will come with help and will push pair higher. It is also possible that any further losses will be stopped but this level and pair will come back on bullish trend. It is also possible that pair will move lower that's why I would suggest to wait for some strong signal.
FLong
by Krystiannwk
ETHBTC opportunity for short positionETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet. There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count). …Yes you can apply this kind of analyze to any other big candle but this level seems to be respected for last couple of days. I marked something similar to double top where 0.04075 was hit twice with doji candle. I consider this as the confirmation for further loses. Pair is trading below 200Ema which is another signal for bearish movement. I would put SL above the green line and TP as follows: 0.030000 Most likely 0.025000 Probably 0.020000 well it is possible I would advise to open position with small stake only.
Short
by Krystiannwk
NXTBCT Double bottom and round numbers Pair established support close to 0.00000500 and then we can see almost perfect double bottom formation. It is solid signal for trend reversal. Price moved north and it easy passed .00001000 mark which happened to be quite support. 200 EMA is holding pair above it for last week and it suggest further gains. I would look for profit around 0.00002700 area. I would set SL just below 0.00001000 which gives us quite nice risk/reward ratio. I consider this as good opportunity because this kind of almost perfect formations are happen not so often.
NLong
by Krystiannwk
1
Io digital crypto fibs 50% and 38.2% important level to watchWe can clearly see that the pair has really serious problem to go thru massive support created between 50% and 38.2% Fibonacci levels based on first and second bullish wave. For the last 6 months every attempt to go thru this level was rejected by market. Level 38.20% is align with round number .00030000. 200 EMA is also holding further losses since begging of February till now. I set SL just below 0.00027500 level with TP around 0.00088000. Safe TP area is near highest highs from the beginning of September. 0.0002750 level was tested two times with doji candle 25th of September and morning star formation created 4th of December in 2016. ..in my opinion the pair created flag pattern which in near future should act as a prologue for further gains in value and eventually reaching 0.00090000 level.
ILong
by Krystiannwk
1
LTCBTC possible short towards 50% level I see here slight potential for short position. Level 78.60% wasn't breached for the last 8 hours. My experience tells me that the last two shadows are not the lowest lows and the pair will try to go down below 10 dollar mark. I wouldn't be surprised if the market would try to test 10$ few more times. I personally believe that as such.... :)) the smaller intervals then 4H in cryptocurrency market are not reliable source of market information. I set SL and TP. Whatever will happen I would watch 10$ level carefully. I see two possibilities here If the pair go thru 10 dollar mark it should go further south and then probably it should reach 50% level of the strong bullish movement If the pair will be sustained above 10$ level it will create strong support and good indicator for further gains of LTC ...once again I think that when pair will meet 200 Ema on 4H there is a good chance that the price will get nice push but I'm not sure if it will last long or just bounce for short period of time just to go back down.
KRAKEN:LTCUSDShort
by Krystiannwk
Steem important support level low risk to high probable profit We can clearly see here two very important levels to watch for( marked with two parallel black lines). Level around 0.00013555 which was created by double bottom in the November last year. Above it around 0.00015000 level pair was holding for a while between the end of the December and beginning of the January. Mid of February level was broken and the pair went south very quickly just to rise up in mid March with very high volume. Pair for the last 16 days is testing support around these two levels. I marked three soldiers formation with blueish rectangle which is suggesting trend reversal. I think it would be reasonable to set SL just below lower level. TP area would be around last high around level 0.00032000 or you could just wait some time till the pair will reach 200 ema which should bring some interesting price action. I would definitely close position when the pair will be close to the 200 ema.
Long
by Krystiannwk
2
LBCBTC significant area to enter with low risk Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP. ----->If the GAP hold further losses and push pair above this level it will be solid signal to go long with relative low risk compare to potential profit. SL is set just below of Daily candle and TP around 0.000100000 and I think it is very possible that it will reach 200 ema and it is wise in my opinion to close position.
LLong
by Krystiannwk
1
Gridcoin vs Bitcoin rebound plus interesting breakout formationWe can clearly see here that the support has been created around round number 500. It created false double bottom buy signal in December. Area between mid of February and beginning of March shows interesting formation when pair tried to break the support with negative results. There is second important level which is created by consolidated three GAP's on daily chart. I marked this area with first rectangle. Yesterday big bullish candle went thru 200 ema and all three GAP's. I would suggest to set SL just below 0.00000500(It is rare that the pair will go thru strong support just to bounce back again). TP is set around highest highs from September. I think that 0.00002000 level is reasonable as well.
GLong
by Krystiannwk
2
BitCrystals/Bitcoin very interesting formation buy opportunityWhat I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for better entry level for good risk reward ratio, perfect entry level would be very close to the 0.000100000 mark. Entry at the current level is not the bad idea either. Let's see what this pair will decide.
BLong
by Krystiannwk
Cryptoccurency Peercoin vs Btc flag pattern with strong support Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. Energetic movement put pair in consolidation, 0.00050000 level is acting as strong support. Once again I assume that 200 Ema will help pair to bounce higher. My SL is placed far below 5000 mark as safety precautions. Many times pair is doing sharp movement to create doji candle and it triggers most Stop losses close to the strong support, then after candle is formed price is going in desire direction. It is also quite possible that pair will go straight to take profit area that's why I would prefer to open position now rather that wait for more confirmations.
PLong
by Krystiannwk