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BTC, marching for 6700 dollars! is this a bull reversal?Oh! trading BTC is difficult. yes, not only me, but many TA's thought the same. BTC didn't make the bottom, chart does not look right, it will drop to confirm a divergence..no but it didn't! in the past, btc has made so many runs, before this heavy bear market from Jan. It only needed to hit the bottom, whether it is oversold or not, for now, i think bulls have two desperate reasons. 1. close weekly candle above 67 to maintain life, bullishness. 2. to short it from above level 3. market cap, on balance volume touched resistance, so it needs to test upper resistance 4.long bull div on daily, weekly basis 5. 4hr bull div 6. alt coins hit bottom line of descending triangle, needs to test upper levels ok, so there are more reasons that it can go, but it didn't win over people who bet on dropping. because BTC did not create a perfect reversal sturucture like it did back in so many months! it usually has to make a lower low or double bottom or something to create a run upwards. but the weekly close, maybe ETF coming up, many things made btc to go up. anyways, i do think this is not the start of bull reversal not yet. my another crazy prospection for the coming days. okay, so now we see a rising wedge coming upwards. it seems not really healthy, you guys so rising wedges fall to the bottom real hard, like last 7400 to 6200 drop. so another rising wedge is being created now. so this pattern risks a drop at some point, needs to find bottom level again to go up. at this point, 1hr and many indicators are overbought, so i think the peak for today and early tomorrow can be 65.5/66 or upper 66 at the most. i think if it wants to challenge 67, it needs to recharge its battery by retracing to bottom levels. if it just go to 67, i think retracement will be VERY heavy, we risk going to 6200 and below to 6100, or lower. so btc, will try to be smart, not going again to the bearish zone, but try to make 6300 zone firm support and kick back up again. and at 17th it will challenge upper levels at 66~68, if that closes above 6700 17th, it will be extremely bullish from then, which will target 7k at top resistance line of yearly descending triangle pattern, if we break that, show signal of bull market,yes maybe bear market is over. but i do think it will fall heavy from 67 zone to bottom support line, to 59 or 61 we will see. i really think, if we break 7k and go up, that means we finally escape the bear market. i may stoploss some of my shorts but i will be fine, because that will be the start of the bullrun. but, now, it is very early to say any of these, we are still very bearish, i still think we need to test bottom levels, not only btc price but the market cap, and volume also. we are almost there i think. so this chart also is my trading plan, that i prospect. so i add short at up 65, 66 level, sell that 63, go long there, try to sell it around 17th daily close. if we go to 67 level today, or tomorrow, i will update if that happens. guys again, this is only my speculation, idea, so don't believe this have your own trading plan. 1. open longs 6280~6350 sell:65~66, 67 2. open short short term open 65~66,66.8/sell 6350/6288 17~19th(open short up levels, if we do not close over 6700 or 6800, we will see) for ETH open short 220~250/stoploss 320dollars target 190/170 so, happy trading!
BITFINEX:BTCUSD
by Turningmecard
2
BTC, kicking back up again! is the bottom put in?Hi guys. yes, we had a spark up! one thing i am doing, after some weeks now, is that i have two bitmex accounts. one for short, one for long position. so i went long with ETH, 171 dollars, sold many of portion at 191 dollars. for shorts, i am swing trading it, opened more upper 63 level, and 6430, plan to open more at 65 and 66 if, it comes. so i will make this quick for today. it does feel good btc spikes up. I REALLY DO NOT WANT TO SEE 5K, OR 4.9K, SO SO SO BEARISH, if we dip that much we would not have a good bounce even in the end of the year. so easy daily chart. major resistance if we go up 6450, we have 6590(21EMA), and 6800ish(50MA). so mostly likely a heavy correction comes, when btc sparks up even with good bull divergence at these areas. i would think that, btc can give a heavy correction now, from 6400ish, since heavy bear divergence is printed out here. but, it can also spark to 65 zone or high even without that. so these areas are long position sell targets also short position entry targets. directional movement, still downtrend, not much to say. last time in august we had same kind of dirty up and down triangle formation, it went straight to 59 after making a higher high, with an evening star candle. so be careful. weekly chart there are about 4 scenarios, that will close in this coming week. 1. we go sideways 63~65, close there->more drop incoming,bearish 2. we close this over 67(still indecision, but making bullishness), we close over 69(yes bullish) 3. we correct to 59, come back up and close at 63~65(still bearish, maybe more room to go up short term, we need to see) 4.we close below 63->bearish normally, when we have a bearish engulfing candle, and we want to make bullishness, we needs to close more than at least 50% of the bearish engulfing candle to be better off. for now, yes, still not confirmed with anything, we need to see. so looking for some indicators. parabolic SAR still says that downtrend is not over, but we might have tk cross, which is bullish, it will happen if we go up 65,66 stabilize. however, ichimoku clouds, bearish, we need to see. big resistance now. macd still confirming downtrends, cmf i think it needs to test more bottom levels. short term, we see that heavy resistance 4hr 50MA is 6455, we just tried to surpass that we failed for now. so correction could come,if we do not go over that. bear divergence still in play, very bearish next target is 6590/6600. if that does not happen we have a chance to fall right to 59 zone, low of daily bollinger band. 4hr also has heavy ichimoku clouds at 65zone now. so short term trades, we have to see, right now opening longs for swing trade is not recommended, but shorts, yes do open them at 64 zone, and 65 zone in coming days. that means i still think the bottom is not put in for btc, it still needs to retest 61, or 59, to confirm some divergence. also, the candle sticks, volume does not confirm that 61 was the bottom. we need a bullish hammer or pin bar at 4hr or daily to confirm a reversal. now, my trading plans are 1. open shorts 64, 65, 66~68. -if you have already opened at 63 zone and 64 leave that. you should have only invested about 25~30% percent of your money. leave 65~70% for upper zone. invest about 30% at 65~66, it should be the top i think, but always leave 30% for 67~68, we never know. this is a swing trade, wait with patience. we will target at least more than 400 dollar points profit with this. target:6100/5950,6000 2. open longs for short term. open longs 6290~6310 sell:6350/80/64.1~2/65+@ ->if the spike only goes to 63.5 or 63.8, need to sell right away i strongly recommend to go long or short on alts now, eth, or cardano, can be good bet.i think, ETH is confirming bullish good patterns here, eth can be better to go long at 170ish, or low 180dollars, scalping to 190ish, or even over 210~220 dollars, with about 20%~30% of your money. i will check. btc,long term opening long term entries will be 5950, or even below, this needs to be observed. that is about it, have a good one today!!
BITFINEX:BTCUSD
by Turningmecard
2
BTC, What would happen this month?bullish scenario!Hi guys. yes btc made a little upwards movement! i like it even though it is short lived! i sold some longs, shorts at 64/64.2 got filled in, but i sold some at 63.3 level now looks like it wants to come up more, to 64~65 zone, in next 12~24 hours! anyway, in the big picture, what would happen? would 5k 5.2k come? possibly, but, BIASED IN BULLS, i want to show you a possible scenario, that doesn't dip to 5.2 5.5 in the near future. this chart invalidates, as soon as 5800 breaks down in the coming days or weeks. so this scenario, has some proof now. 1. btc show bull div, in long, long time frames from months ago at 57~58. 2. we keep bouncing from that area, with daily rsi making higher high whenever the dip. 3.etf event always move the market in bullish way, if it dips too much to early 5k, belief will be lost 4.alts in descending triangle, would drop more in the future, but short term, many are too oversold, bull div on frames, need to make a little upwards channel in the descending triangle 5.btc looks like it might make a higher high in rsi 35~40 area, when it dips(that means now btc needs to go high to 64, 65,66 to recharge gauge until 14th) 6. weekly candle bearish last week, indicate more drop would occur. 7.every time the dip, we have higher bottoms(5750->5820->maybe 5900ish)->indicate triple bottom formation is in. usually third bottom is higher then the former bottoms HOWEVER, all this will be invalidated when it breaks 5800. that means this TA is GARBAGE instantly when it dips lower than 5800. so keep in mind. i will comment this ta as garbage if it dips lower then 5800.haha you see the chart, i have almost 80% conviction it will drop until the end of this week to 59/60 area. after that it would challenge upwards, but, come down zigzag. so september trading range might be 5.9k~6.8k. which is so gloomy now. early october, risk more drop too, we need to see. you see, this zone now, tricky, btc peak high comes down, volume drops, so price range is very tightening. so i think september is boring, and october could risk a real, real drop to 5k, or even below. because, we do see drops are mitigating, BUT, we also see that weekly bull div, daily bull div, is not yet no convincing, not really significant. if this is significant, we should have already have the bull run. so maybe a REAL DROP can happen in october, and early november, to confirm the real bottom. because long term uptrend line, in btc, still indicate a touch to 4.9~5k can be possible. like below. so short term,trading, is already as mentioned, we add up shorts. although, i have two accounts(long/short) so i do that too. so this can break down any moment, 1hr rsi is already at peak, which normally indicate 64is the top, but maybe another leg up to 64~65 zone can be possible, which, most likely should show a wick candle and retrace severely. even though, we have 15th etf event, which the bulls can pick up and go up. or 59 zone can come this week, before the weekly close who knows. so trading plans are. 1. open short 6400/6440/6470/6520 leverage more when it comes higher stoploss:6580 (if this goes over 64.8, retrace to 63.8~64.2, starts to be supported by 64, we sell shorts wait for more high) 2. open long 62.5~63 target:64 zone -little risky this call. we have to see if triangle bottom is supported happy trading!
BITFINEX:BTCUSD
by Turningmecard
6
I told you to go long BTC! my game plan wins!Hi guys! it is turning mecard, again! what a pleasant weekend! i longed btc from 68 at aug 31th, i sold this at my targets! yes i nailed it! i will humbly study more to nail more! people who though this was going to 6k opened shorts at 71 levels. why are people shorting btc when it keeps showing bullish formation? i think we can short this for mid term at next 5 conditions. 1. bear div over 2~3days in daily(NOT 4HR, 1HR->its short term) stoch, rsi, mfi all show same pattern 2. daily rsi reached peak(now surpassing 60, it targets 70, so we wait for whether it goes over that or touch!) 3. daily candle show doji, shooting star, or bearish engulfing, or array of spinning bars at double topped price 4. when longs are extremely more stacked up then shorts, going insane 5. when it encounters heavy resistance(daily 50MA, 200ma, weekly 21ema, monthly 7ma..etc) now consolidating at 7.2~7.3, now i think btc is almost at the moment of truth, whether it will continue its run! anyway, my headline for TA is just like last time, but the wording changed to 'longed'. i think it is still keeping its bullishness! as you see btc closed its daily candle at 7295, weekly bullish, monthly bullish, very nice. of course we have retracement, huge drops, but it seems that btc wants to jump more in the mid-long term! lets get right into it! now we are nearing a very timid zone! downtrend line+wedge resistance+daily 200MA resistance! you see the yellow line, that is daily 200ma now at 7800ish. also the blue downtrending line nearing at 7500ish, and it is also the wedge top resistance which has a red ichimoku cloud below! so now 7120 is very, very important support guys. from sep 3rd, 4th, when btc breaks down 7100, stoploss your longs! it means it would go below down the red cloud which will go to 6400. but! do you think btc will go down today after closing at 7295 almost breaking above the green cloud now? no, no, no. still we need to see upwards. btc needs to test 200MA, downtrend line, wedge resistance line, even though it wants to collapse! of course, there is always chance it just drops from current level! who knows! but! if we break above 200ma 78, close there daily or 4hr, we can even see 8k or more. so this week the name of the game is this: go above 75/76, close 78 or touch 74/75/76 and fall. or, if we touch 75/76, but, retracement only stops at 72 or 70, it is super bullish then! this week will be very important. looking at daily rsi it broke above 60, i think it will test 70. which we go into onverbought territory. we have to wait for such move too. i look at a drop(even though it is short lived or long) at 74~76 zone anyways. retracement is needed. so maybe, perfect number for short position can be 7573, around 7550~7600. top of the wedge resistance+2ooMA resistance, and downtrend line. whales usually surpass downtrendline go up, but dump too. so just be aware of this spot for now. i plan to open short if btc comes at that level. today, i think we will see retracement. see, btc didn't go up so much, but indicators are already burning up. but i believe even if there is some retracement, it will go up levels. so today, short term, i opened short at 7300ish, target is 7100/7040. i also plan to go long at 7040/7000 zone, if btc makes somewhat hammer, bullish bottom formation like what it did in 68zone to come to 7200ish. this might all happen today, or next 24 hours so watch out! so trading plan is 1. open short(bitmex) 7300~7370 target:7100/7040/6980 stploss:7380(if you have more btc, you can open 7470/7550 to add up with stopping) 2. open long 6980~7100 target:7300/7400/7500 stoploss:6880 have a good day!
BITFINEX:BTCUSD
by Turningmecard
16
EKSO - Buy and hold for future exoskeleton growthI have been wanting to get long-term invested in the stocks that I think will greatly benefit from future technology trends. I believe that pure robotics are further in the future than most people realize, but wearable robotics are much closer to adoption. With that opinion I want to be positioning myself in the exoskeleton market. There are a number of very small exoskeleton companies but the one that stands out me the most is EKSO. A few things that stand out are that they are not only penetrating the medical market but they are also heavily focused on the industrial market, where as the other exoskeleton companies are primarily focused on the medical market. Ekso has also recently landed a few contracts, one with the VA and another with Ford that will help them generate the revenue they need to become profitable. As with most small growth companies the biggest risk here is that they are not yet profitable and will need to generate cash flow through debt or stock dilution, which makes it very important to not jump in too earlier. Up until now it has been too early to buy and hold but I believe with the Ford and VA contracts they may be a few quarters from turning the corner and becoming profitable. Price is still a little rich at this point but I will be looking to buy a little bit around $2.20 - $2.00 as a long term speculative buy-and-hold.
NASDAQ:EKSOLong
by krugman87
IOTA !!! One to Watch Im a big fan of Ripple (XRP) Over the months iv'e started to speculate a wider range of crypto currencies and there behaviours and this chart is one of the Few that Really stand out to me. One not to miss... ------ Side note for those following------- This is an investment type of strategy and not something i am TRADING ! the price levels and buy entires are not areas i think the market is going to go up as soon as it reaches there if it reaches those price levels that i would consider and am looking to invest and purchase Iota Coins.
BINANCE:IOTAUSDLong
by Evanture
1
Long TESLA: 290 Great entry, first reaching this price in 2014LONG Great entry atm for $TSLA, alot of FUD and negative media push to discredit tesla = Great entry points, when major news is creating FUD and price Reacts BUY! We have great support line at $287 going back to 2014 , lowest price today hitting, $296 MACD has crossed over to the downside and is looking bearish which is our negative indicator Trend is still up for TESLA and we like to trade with the trend + with great support line of 4 years can counter trade the MACD
NASDAQ:TSLALong
by JamesCryptoGuru
Analysis on Facebook 5.06.2018The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 195.00 • Take Profit Level: 200.00 (500 pips) If the price rebound from resistance level, you should follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 191.00 • Take Profit Level: 190.00 (100 pips)
NASDAQ:METALong
by JayAnderson
The price of Bitcoin (€) might get uptrend in daily timeframeActually, the price of the Bitcoin (in Euro) is about to get over the 4-hour timeframe Ichimoku Cloud. €6683 might be the first level (if crossed) that could be a confirmation of the uptrend. The Lagging Span Line (Chikou Span Line) should get completely over the Kumo Cloud in daily timeframe, that means that a full Japanese Candlestick should be over the Kumo Cloud (Open Price and Close Price) to have a confirmation of the uptrend and that would be a potential buy zone.
Long
by trader77974
2
LTC/BTC (Chart 03 of Training Log)This chart remains very obscure to me. I have tried to identify Horizontal Support and potential buy zone where a fake out could happen. The orange line represent the wedge pattern formation that is currently in play. We are at the end of the Pattern with narrowing Bollinger Bands suggesting that this stagnant and steady price action we have been having will come to an end. IF we get a break through the support then I would expect to see LTC Plummet vs BTC. On the flip side if LTC manages to break through resistance then there is not much left in the way of local resistance so we could see a retest of ATH (Due to the incoming period of extreme volatility). The RED line (Candle Wicks NOT INCLUDED ) indicates a diagonal support line that was breached a few days ago, We are still in a range of it being able to pull back in and continue above the trend line, if this happens we should expect to see the price break through the resistance located at the apex of the Wedge formed by the red and orange line.... This seems very unlikely to happen in my opinion Again IM NOT SPECULATING PRICE ACTION in this chart. I'm simply applying some indicators to the chart that looks challenging to me. Feel free to add to this discussion on why you believe LTC will follow path X,Y,Z
by CryptoBigBoss01