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Huobi

HUOBI SIGNIFICANT LEVELS ON 4H CHARTHuobi is in the middle of a downtrend channel at the moment. The candlesticks seems to show a rejection from the upper channel, so if the bulls don't do their move it's possible one more leg down or simply sideways. A first psicological level that i draw some days ago is the round number 2300 that we hit in this downtrend and that is acting as a support. Now i see as a possible level in the downside the trend based fib extension at 2219 area. The RSI also seems pointing down. Considering that it is a good place to buy it's possible to see a bull run if the channel is broken with a good volume. Good luck for your trading
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by cantestogo
2
Head and Shouders Pattern Formed On Huobi Again!Better sooner than later! BTC showed us again a head and shouder formation! This will take us back to at least 3615 because there we have strong reactance from the last weeks. It's time to go short to for a few hours and wacht carefully if we break 3615. If that happen the target at least 3600 or maybe even lower. Our target is calculated just like the cup and handle pattern. Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline. 3720-3630=85 3650-80=3570 (580USD) I hope this helped! If you like my chart or my description, don't forget to like :)
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by Maddie
3
Huobi LTCCNY: New bottom target of 39.xx CNYLitecoin continues its downward trend to create a new bottom of 39 CNY, lower than the previous bottom. I continue to believe my previous assessment that Litecoins fundamentals are no longer enough to keep it in the position as the second place coin. Unless something very extraordinary(i.e, Litecoin on Coinbase) happens to Litecoin at this point, it's bound to continue its inevitable deflation. In my opinion this is still an excellent short.
LShort
by Adohgg
7
Bulls out of energy drinks.After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less. It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a fresh round of buying to commence pushing us up further. I will be shorting $570 with a $590 stop loss. I will be shorting $620 with caution if we don't return to $570. I will be long $540-580 zone where I'm assuming the energy drinks will be back in stock. Good luck.
BITFINEX:BTCUSDShort
by Don_Bossa
Triple top on BTCe and head & shoulders on Bitstamp/huobi/btcchiPreviously I have covered on the triple top on the 30 minute trend which suggest a further decline down to $620. Now that the decline have been completed, coupled with a rally yesterday. A closer look into a 2 hour trend does suggest another triple top on BTCe, whereas head + shoulders on Huobi/BTCChina/Bitstamp. Both formation will most likely lead to another further decline in price down to the 560s. Head+Shoulders:
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by LastBattle
2
Pump'n'Dump Cycle complete. My analysis.One thing I love about Bitcoin is these massive pump and dumps. When they complete I find them a beautiful thing to study and analyse. I think they are one of the most important things you can try to identify if your day trading because they happen so frequently. Firstly, this was quite a large operation. I counted roughly 50k coins injected initially and 50k dumped in a period of roughly 2.5 days. These large entry and exit points were coordinated across all major exchanges at the same time so I presume the bot was probably operated by somebody on behalf of a group due to the size of the investment. Pump#1 started as the price touched the trend line and this should have been the initial warning signal. As we have seen massive price rises recently as well as strong bullish outlook, this was the perfect cover. Momentum was easy to maintain up to the weekend where the second pump was initiated. Pump #2 was a slower meaning less investment was required. This again should have been a signal of Whales looking to take profit especially as there had been no new developments to substantiate a price rise. Pump #3 was merely maximising prise into a zone believed to show resistance ($480). This was a perfect time to sell as many would be looking to short this area. Sell off retracted approx 50% from pump#1 so it wouldn't surprise me to see more sell off but I don't believe the bullish sentiment to be broken. I expect the price to go sideways for a short while but continue upwards in the short term at least. The only thing that will change my opinion on the price of BTC rising is negative news from China although we would have to see something pretty special like an outright ban to have effect considering all the FUD experienced so far. I hope this helps some analyse some of these price movements and look out for the warning signals. Well played Whale X, Looking forward to the next one!
BITFINEX:BTCUSDLong
by Don_Bossa