Gdax
Two Possible Plays For BTC.. Watching the reaction at the 50 on the 4hr GDAX chart. Over the next few days my decision will be based on price action and if any confluences can be corroborated.
Expecting retracement from pull from major swing b wave. How hard and how strong will determine the next move.
--longmoney out
Bullish edge-to-edge cloud setup on the dailyThere's a bullish edge-to-edge cloud trade setup on the daily chart. The other side of the cloud is also the 50% fib retracement of the last major move down between mid December to the beginning of February.
It could also just go the other way ¯\_( $ )_/¯.
Breakout on the 4HIt looks like price could break out of the cloud on the 4H chart. I'd would like to see price and lagging span above the peak of the cloud. And it should be noted that we don't have a bullish future kumo cloud yet.
The ultimate oscillator is showing some hidden bullish divergence. Though I'd like to see price break above the 50 line first.
It could also just go the other way ¯\_( $ )_/¯.
Litecoin to reach 400 in 2018, proof is in the chart/I'm not going to write a long explanation here, but the chart does most of the talking. We've already retraced back to the 100 usd mark which was where the original 2017 bull run took off from. The only way to go from here is up. Ignore all the FUD and useless TA, we've been to the bottom and now it is time to go up. Nothing goes down forever and nothing goes up for ever. Remember these two key facts and you will be successful. Also all my previous calls have been nailed with 100% accuracy, I don't trade with emotion, just pure facts. Please follow and like so I can start chatting without having to buy pro!
Inverse head and shouldersAn inverse head and shoulder pattern is almost complete. If followed through, we could be looking at a target of around $18k. The volume profile is messy, though each major movement does have a decreasing volume trend.
Also shown are two fib retracements. One from all time high in mid December through the big dipper ending in the beginning of February. The second is a retracement is of the the right shoulder's high to low, and we can see price stepping up those levels.
It could also just go the other way ¯\_( $ )_/¯.
Consolidation Breakout coming LTCLTC pushed hard yesterday but didn't give much opportunity for day traders. unless you were holding from the 220-230 range for the last few days you would have probably missed the spike unless you were watching it at that moment. The pop was just a couple candles then the range started. WE are setting up right now with our EMA'S curling up under it and we look ready to breakout again.
BULLISH - LONG - Thought Analysis. Okay so our previous goal was indeed HALTED by the bears and we did not make it to 170 for LTC USD (COINBASE-GDAX). However that does not mean the market is NOT rebounding. If you notice the weekly charts, every week crypto is gaining more market cap. The lowest we have gone in this correction is around 290 Billion Market Cap. When the market hit 290BLN (Two weeks ago) and people were freaking out I called it and said we won't go any lower. Why did I think that? Simple because the prices are just too attractive for anyone to pass up. If you have noticed the market cap goes up by about 50BLN and then peels off a little bit every week.Now in our third week we are flirting with 400-450 bln market cap range. As the market goes up, so will LTC and all other major coins like BTC and ETH. We have firmly planted our feet at 400 billion in total market cap and it doesn't seem to be budging, just think about it. LTC was 100, 125, 150, and it even hit 169 last week now it is peeling back. HOLD THAT LTC, Soon we will SEE GAINS!.
LTC Short / Neutral - Profits - With LONG BULLISH OUTLOOKToday LTC will hit 170 and then peel back a little so have your sell order set to around 165-169, and then rebuy around 155-164. Since 2/2/18 we've been seeing higher lows and consolidation of our support in key areas such as 100, 125, and now 150. Our new support level will be around 175 in the coming week. Make sure to always convert fiat back into LTC after gaining short term profits because LTC will moon this year for sure and it aint going back under 150 to say the least. Good luck.
BTC/USD Long...But not after that defeat ;-)A quick update on The Great One--bitcoin.
The bitcoin long posts are coming: the signs, the calls, the 100% returns. The math skills needed to trade markets is quickly acquired at a very young age a child can do it. But this is a market of strategy--strategic planning. Regardless of school of thought (methods used in technical trading) this is a game of buying low and selling high, at the expense of someone else. Sorry if I digress...
Anyway, here is my TA on the 8hr Gdax chart. BTC did hit the median line projected from my two confirmed pivots for a wave and our b wave. The pitchfork used is a Schiff pitchfork(not modified); and the sellers at the b wave got their target according the median line principle. However, that resistance level viewed from the bullish side we just hit was nothing. 8900? Give or take. That's still staying 50% retraced. The bears have complete control right now. We should see some hovering on the median line for the short term.
My upper horizontal line will need to break for me to consider opening a positon--which will definitely be 2 ladder buys. For the Long. But, I will have to consider the reaction. So far I am feeling the stop at under the 786. Everyone and their mama knows BTC and either (a) they came and bought the dip on their apps, or (b) Big Money came in seeing a great entry price which they can defend easily.
We have reverted to the 8hr for now. As we see how this plays out over the next 2-3 weeks.
--longmoney
MUN OR SUN (A bullish perma-bear fairytale)CUT MY LIFE INTO PIECES, BTC MAXI'S USED MEME "DEPART." CAPUTLATION, NOW REE'ING, MARKET BUYS THE ONLY SOLUTION THEIR SEEING
Were either going towards ~9200 possibly
OR
We're going to hit ~8400 and ~8150.
-Turnip (never biased, i hate btc but i love money)
**Theory: BTC Maximalists sold their pecious btc's. lol. weak/med hands capitulated early. Everyone is waiting for a dip. The only reason I think we went to 5850 is because market maker was blasting all buy walls with 50btc sells. Now that those silly hodlers are no longer hodlers and we were out of normie greater fools... those btc maximalists are the jet fuel and FOMO will be the catalyst.**
/end conspiracy theory