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Huobi

Fakeout then Breakdown? Eu BTC terrorists FUD?Details at chart. Looks like we're going down from triangle with nice fakeout 18th. If price won't come back above triangle upper trendline soon, targets would be at .618-1 fibo retrace. If breakdown is not fake, upper triangle trendline should act now like a resistance. Chart suggesting SHORT sentiment but it can go back up soon or go sideways without any clear trend. Anyway some FUD about terrorists and BTC is typical short information especially after mini bubble 500$, weak bounces and many sideways days. Good luck!
BShort
by oldstout
BITCOIN December ForcastAfter the dump from the smaller triangle we have entered the larger triangle again. (same top area, different bottom area) We can see some existing bullish orderbooks and insititutional investment present around key support levels on the way down as was saw when we dumped to 2060, the price immediately got shot back and then pumped on the MSFT news. Right now we have 2 options and an inter triangle trading range (which might proove profitable or not depending if we break the triangle or continue the pattern, so far is is looking that we're hovering over the bottom of the triangle) If we break the bottom support level, we might see a spike back to the low 2000-2060 range before we see how much the orderbook will be bought up If we break upwards we have 2 key lines that we will bounce on 2280-2340 which is the range of the previous triangle and then again on the way around 2420-2450 which is the previous 4h pivot point Somewhere along 365-390 we also have the very big bear downtrend line from December 2013. That plus current support are making a large descending wedge which technically means that the price should pump. Given the fact that we've went this far into the wedge, the breakout price is actually quite close (we broke it when we pumped in NOV) So in my opinion the plays are like this 1) You can trade the triangle but i dont recommend it at all, as it can break down 2) Buy if it breaks triangle on the top, and keep adding to it if it breaks the big bear trendline (make sure you have a few Daily candles done not just a wick which happend in NOV) 3)Sell if it breaks on the downside but keep a close eye on it and keep your position controlled. The end of the wedge is relatively close so we could theoretically break out of the pattern at any time and break it fast (like MSFT breakout was) which was also a large Stop Hunt(tm)) Some people most notably DanV and a few others are poiting that the true bottom of the wedge will be around 250. I am not as PRO in Elliot waves as they are, but that might happen or it might now, but you have to keep this in mind. Also keep in mind that if we do break $275, and if we break $262 (which weas the high of the prev pump) then its gonna be blood in the street, etc etc. Regards
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by Lord_Ashdrake
4
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
B
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