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Follow the Trend: $5400 sooner rather than laterPlease! And I repeat, please! Stop trying to anticipate the bottom by buying the "dips" that the media and your favorite Youtuber push down your throat. I take it that everyone that puts the effort in to even attempt to dive into TA has a strongunderstanding that the market works in trends. AND RIGHT NOW, AS HARD AS IT IS TO SAY, THAT TREND IS DOWNWARD!!! With this said I put together a depiction of what this weeks short will look like within my trading community. There is a strong resistance at roughly $6280, which is the swing low of ($7600 to $6280) the previous downward swing. If bitcoin were to break this resistance level the highest I could see it going is $6400- where .... ,its current channel and the channel of the downward trend of the market would intersect, forming the same pattern of resistance that happened in the previous channel above before it began to follow its downward trend. We predict that there will be a pull back at the resistance level of the latest swing low ($5780), which is where I will take profits before I reinvest them with another short before bitcoin reaches roughly $5400!! How did I get $5400: I took 90% of the previous downward swing ($6700-$5700) which brought me to approximately 5,439.28 when plugging in the exact coordinates. Side note: Please do not let mainstream media, whom is controlled by the elite, bait you in to believing that the bottom is near. They are not even close to flushing out all of the "bs" coins that made millions of dollars . So until the regulations come, make you some money strategically placing your shorts. Best of luck to guys!!
BITFINEX:BTCUSDShort
by domartis22
7
Trading plan: BTCUSD (Bitcoin)The analysis of the daily chart of Bitcoin shows the predominance of sellers: the volume for sale is bigger, the formation of the graphic figure "Pennant" is coming to an end. The Bitcoin rate aims at the nearest goal: $ 7000. We believe that buyers can support Bitcoin rate near $ 7,000 - $ 6,800. Priority of the day: BTCUSD sales with a target of $ 7000. It is better to look for an entry point for a short position on Bitcoin on a rollback, from the level of $ 7800. Projected scenarios: 1. Sell BTCUSD from $ 7800 to $ 7000. 2. We are waiting for Bitcoin rollback up to enter at the best prices. Alternative scenario: A volume analysis shows the lack of buyers of Bitcoin, so today it is better be on the side of bears. When there are signs of a bullish mood for Bitcoin, we'll take their side.
BITSTAMP:BTCUSDShort
by VARZAR_INVESTMENT
4
Trading plan: XRPUSD (Ripple)Ripple rate falls along with all the major cryptocurrencies. The buyers supported Ripple near the level of $ 0.60. But the volume of the purchase is small, so it is too early to count on the reversal of Ripple rate. While the bears run the show on the cryptomarket, it would be good to look for an entry point for a short position on the XRPUSD near the zone: $ 0.65 - $ 0.63. Priority of the day: sell XRPUSD for $ 0.56. Perhaps today Ripple rate will take a lateral movement, after such a rapid fall. Projected scenarios: 1. Sell XRPUSD from $ 0.65 to $ 0.56. 2. Perhaps you'll have to wait for the best price for Ripple in flat. An alternative scenario: XRPUSD rate can be supported by buyers the second time at $ 0.60. If there are large volumes to buy Ripple near this level, then we will think about changing the priority of trade.
BITSTAMP:XRPUSDShort
by VARZAR_INVESTMENT
Trading plan: XRPUSD (Ripple)Ripple rate made a deep correction. The last chance of Ripple to rise in the price on average volumes is from the support zone $ 0.665 - $ 0.660. Ahead of it, the resistance level of $ 0.70. There is a possibility that sellers will stop the growth rate of Ripple in the $ 0.70 zone. Priority of the day: buy XRPUSD with a target of $ 0.72. Ripple still retains a bullish trend, but its deep rollback down makes us think about an alternative scenario. Projected scenarios: 1. Buy XRPUSD from $ 0.66 to $ 0.72. 2. If the sellers get to stop the growth rate of Ripple around $ 0.70, then one will need to think about fixing profits in a long position and consider an alternative scenario. An alternative scenario: XRPUSD rate can go down from $ 0.70 to $ 0.63. If there are volumes for sale, then on a retest of $ 0.69 it is better to think about the transaction for selling. It would be safer to sell Ripple after a breakout from the top down of $ 0.66 level.
BITSTAMP:XRPUSDLong
by VARZAR_INVESTMENT
Today's Trading Plan: LTCUSD (Litecoin)Litecoin fulfills the movement in the Triangle. Perhaps today there will be a way out of it. Priority of the day: buying LTCUSD with a target of $168. Litecoin can't gain momentum for growth for too long. With every day of delay, there is a probability of the LTC rate falling to $ 132. Projected scenarios: 1. We are buying LTCUSD near the zone $ 143 - $ 140 for the target of $ 168. For us today, this is a priority action scenario. 2. The course of Litecoin could fall sharply down to $ 132. After $ 140 we will think about sales of LTCUSD. Alternative scenario: Eternal Flat! Joking
BITSTAMP:LTCUSD
by VARZAR_INVESTMENT
1
Today's Trading Plan: BCHUSD (Bitcoin Cash)The Triangle pattern ends its formation on the Bitcoin Cash rate. It will soon become clear whether BCHUSD will grow. Priority of the day: buying BCHUSD with a target of $1600. Today, there are two possible options: purchases and sales of BCH. Projected scenarios: 1. The BCH rate drops to $ 1320 - $ 1260 and then starts rising to $ 1600 (blue scenario 1). Today we expect exactly this development of events. 2. The drop in the rate of Bitcoin Cash to $ 1100 (red scenario 2). Sales should not be excluded from the options. But, we will sell deals for BCHUSD only after $ 1223. Alternative scenario: Flat for BCH is going to be around for another day.
BITSTAMP:BCHUSD
by VARZAR_INVESTMENT
1