Bitcoin three days in a row in the positive.Bitcoin price for a while now has a stable price movement and low volatility compared from previous months, and year to date now a huge difference how the market moves, not just Bitcoin but also other cryptos. At the moment the price of Bitcoin is pushing against the resistance at $7200, if it extends beyond can reach another resistance zone 7600-7900. It is important to be noted, in the situation of low level of volatility and low level of volume to push the movements, we can see the price move between ($6000) $6450 and $7600, and the range for this type of market two months ago was done or broken in just hours in one day. Investors keep being cautious. At the moment as it stands below $6500 is a good buy and aim to exit above $7100. Be cautious at any time! Good luck. :)
Another thing that not helps at all is Mt.Gox former CEO comments saying lost confidence in Bitcoin, thou not mentioning other cryptos, he experienced Bitcoin in the worst way, this can happen to anyone especially in such new market as cryptos are, don't get cocky with one day experience in the markets!
www.newsbtc.com
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advi ce.
Etherum
ETH about to break one way or the otherLooks like ETH is testing historical resistance.
Reasons to be bullish: Daily RSI near 20s, trend line support, no overwhelming sell volume, inverted HnS forming on the 4H chart
Reasons to be bearish: A common bear flag forming on the 4H chart, BTC inverted cup and handle forming on the daily. Last time BTC dragged ETH all the way down. I'll take a short or long position once we either break 410-20 with huge volume or fall through 360.
The market looks very uncertain, makes it hard to take any kind of a position right now.
BTC. Two scenarios. Waves and pennantWe reached 1st and 2nd targets, but never see a bottom or oversold conditions. I think we should visit 30RSI on daily and launch up. Most likely it will be a trendline that we made with recent bottoms ~ 6.5 - 7. Looking at 1H RSI, most likely we will see a wave 5, but it 0.382 Fib will be breached, we may go straight to the target
Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Update. BTC. Rising wedge broken. 5th wave should be on the way**Update:
We had exact same wedge right before this one(yellow lines from 8600 to 9800 and down to 7800 ~March 11-13 ), and now it's painting a bearish a flag. 8500 area has a lot to tell. Watch it closely. GL
Although most of the traders were bullish, and keep posting bullish charts, BTC 0.50% painted a rising wedge (yellow lines) and we successfully broke it. Rising wedges tend to come back to the base, so I expecting wave 5 and double-bottom before the real launch
Sorry for the delay. As you can see, I posted this rising wedge before it's got broken on Twitter and forgot to post it here.
BTC DOOMSame as with LTC's huge H&S that I posted yesterday, BTC formed H&S and approaching a neckline. The target... Let's don't even think about it. Look at my previous charts, and notice a green support line around 6.9-7k - this is a neckline. If it will be breached, things may turn very nasty. If you are a HODLer, please, rethink your strategy
Etherum Classic (ETC) Final Push?! - 5th March HardFork/AirdropHere is a trade based strongly on fundamentals. We are trading Etherum Classic based on a very strong piece of news, news that the entire cryptocurrency markets love, Hardfork / Airdrop.
I've been recommending Etherum Classic since December 10th, you know we trade LONG term. Long term is safer and produces the best results.
Our first buy-in range was between 0.00130 - 0.00195.
Our second buy-in range was around 0.00218 - 0.00296 on the 2nd January.
You can see these in my earlier trade ideas, this will be shared in the update sections.
Here are the news that are likely to make Etherum Classic reach new highs, it is about the Hardfork:
Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins.
So everybody holding ETC will receive a free Callisto (CLO) for every Etherum Classic coin. This is called a hard fork / airdrop, and people love it. This is a piece of news strong enough to move the entire price of this coin, but let's take a quick look at the charts.
Charts, Signals & Indicators
- Etherum Classic has been on a very solid uptrend for quite a while now. If you look at the daily chart below, you can notice that this coin remained strong even throughout this huge market wide correction, and it is still going up and wants some more. The ascending channel you see below started on the 8th December.
- You can also see the MACD crossing over as well as the SMA lines crossing each other all over the place, these are the brown, blue and green lines.
- The daily candles are looking awesome as well.
Etherum Classic is very bullish and these signals are strong enough for one last big run before the hard fork.
Here are my new targets for you:
Etherum Classic (ETC) Long term targets:
(1) 0.0045997
(2) 0.0055029
(3) 0.0062329
(4) 0.0069628
(5) 0.0080021
(6) 0.0093259 (All time high)
(7) 0.0131489 (New all time high)
Use these targets as reference points to sell. Based on the strength and momentum the coin has while going up, you can decide which target to sell at. Not all targets are meant to be reached.
Etherum Classic (ETC) Shorter term targets:
(1) 0.0040882
(2) 0.0046741
(3) 0.0050912
(4) 0.0056225
(5) 0.0071568
(6) 0.0096395
If you are less optimistic or want to trade shorter term, you can try the targets above. These are Fibonacci based targets.
Buy-in and Stop-loss: If you are looking for a new entry point, I am not offering those. This trade idea is for all those that are following me from the beginning. But you can enter now, around the 0.0037 price range and use a tight stop loss to reduce risk. Aim for any target you like. Your stop loss can be 0.00312.
Trade strategy: Sell before the Hardfork news on the 5th March. You can say a day before or whenever we are sitting high at the top.
Enjoy. Thanks for your continued support.
P.S. Other coins to look at now: DCR, SALT, LTC
Bitcoins Next Support Level (Buy Zone) - When To ReBuy?This is a quick update to share with you Bitcoins next strong support level on the daily chart, the next "buy zone".
Look for these levels for potential reversal signals as well for opening a new positions (reload).
After the ascending channel that started on the 6th February was broken, we now enter a new wave where we start to trade lower. So this ok, we will watch to see where Bitcoin will go next and the price range below is where our next support is found.
We are likely to find strong support around the $9,577 and later $8,211 price levels. Within this range $8,200 - $9,500, based on Fibonacci levels from the bullish run from the 6th to the 20th of February.
After we reach these levels we look for reversal signals, if these levels can't hold, we look for the next support. If the levels hold, we try and give a second run at our "strong resistance line", which is the red dotted trend line established on mid-December when Bitcoin reached its top.
I also shared a different support level range based on the SMA & EMA price levels as well as other indicators, you can find these in my earlier posts on the "Related items" section below.
So we sell at the top of the channel, near resistance, and we buy on the next support.
As you can see from the descending channel, the price can go lower but so far Bitcoin has been holding strong, and before going anywhere in the very low price range, Bitcoin needs to go through the levels that I just shared.
Enjoy your day...
Message (2222) - Think & Grow - This is You
What you see is what you get.
What you see is what you think.
What you think is what you are.
Think and see, with your minds eye.
Think and feel, with the right mind.
Think and grow, now and everyday.
Use your thoughts for your life, don't waste them on something else.
What you can see, in your mind, you can get.
What you can see is up to you, you decide what comes next.
So stop for a very long minute, and think of yourself full of love.
Think, see and feel it, and your wish, TRUE, will become.
Namaste.
$ETH $ETH.X - Etherum, 1 Day, BinanceWe are still on a downtrend with Ether though RSI and MACD are starting to turn slowly. We are coming down to the end of a symmetrical triangle which says we can breakout in either direction. This will have to do with volume. It has been steady though I believe people are still waiting to see what happens here. The green box is a possible buy zone if your looking to get into the market in my onion in case we see a breakout. We had some gains today but i believe the downtrend line will continue to be tested for the next 10 days at least. I am playing with Tradeviews ghost feed here giving possible examples going forward. When we get to about the 21st, that is when I really want to see where the market is then we can get a better idea on which direction we are going to go.
Excellent Long-Term Hunting Opportunity in ETHUSD, Don't miss itTrading suggestion:
There is possibility of temporary retracement to suggested support zone (864.535 to 731.100), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (864.535)
.Ending of entry zone (731.100)
Take Profit:
TP1= @1012.050
TP2= @Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 75.
.Current short-term is uptrend and continuation of uptrend is expected.
ETHUSD - ETHEREUM flakes out! Bulls away getting takeouts!Ethereum has failed us at $1000 and has consolidate below after rejecting the 20 MA on the 4hr chart.
We now have a lot of bearish signals from both candlestick patterns as well as the indicators.
As we mentioned last week Ethereum was correcting but still bullish above $1000, not that support has failed and we will look towards lower prices to jump into the market again.
At the moment $900 is acting as very short term support, but will surely break if this momentum continues.
It is very dangerous to call bottoms in crypto markets, those that wish to play “catch the knife”, could be wise to stack buy orders in the $600 – $800 zones.
If we see some decent increase in ETHUSD trading volume we might get the bounce from the $800 – $950 zone, but this is High Risk zone and I would advise you to manage your capital and your Risk/Reward accordingly.
At this point the bulls need to capture $1100 if ETHUSD is going to recapture its bullish momentum.
Come chat with me at the Best Crypto Trader Hangout here .
Ethereum/Bitcoin 60% earning, shorter time period, aproximately Ethereum is very bulish, but opressed by Bitcoin, same as Siacoin and few more altcoin with almost the same extremely bullish structure.
I'm not very "convinced" in Bitcoin at this point, because there are strong fluctuation by BTC side which affect entire market, so alts can't grow (even those extremely bullish).
This seems like perfect opportunity for Ethereum to grow stronger, it shows very bullish momentum since January 13th while getting oppressed by Bitcoin.
Whenever going down (when getting opressed by Bitcoin drop), it makes few % retracement, instantly recoveres and trying to grow whenever Bitcoin seems "stable" (calm).
Ehereum seems extra stable, my personaly opinion judging by analysis is more than 60% growth comparing to Bitcoin.
It will grow as soon as Bitcoin tries to stabilize on certain price level (8.200-9.300) price level.
Missed the ETH Move to $1.1k? This is the plan for you!Missed the ETH Move to $1.1k? This is the plan for you!
COINBASE:ETHUSD
Summary
Stocastic and RSI bearish divergences make great buy in areas for major retracements on a strong chart in an uptrend.
RSI and Stochastic Bearish Divergences observes on ETH 4hr Chart
ETH is without a doubt both strong and in an uptrend
$850-$900 is a great area to add more or buy into ETH
I used this method to set limit buys for the last major retracement and it worked very well for me.
Good luck!
Etherum (ETH) - A little late, but we can still make it.Welcome to my tradingview idea.
HOW-TO:
You can buy in when i post, or if you already hold this crypto you can just follow my chart to see how your coin develops.
You can make a buy-in, and sell like 25% or 50% of your buy-in to collect some profits. Or you can do the hodle style.
Please like my profile, and my views if you do follow them, i would appreciate that, thank you :-)
INFO:
GREEN LINE: This is calculated target (We aim to hit this price)
RED LINE: This is our exit point (We sell here if price goes to this point)
BLUE LINE: This is our guide line (The price should follow this line on my analysis, if price breaks this line, there is a possibility that we are going to our exit point)
Enjoy and good luck!