CONTINUATION TO THE PREVIOUS ANALYSIS. USDJPYAs I previously analysed, the market did a new wave, a distribution, and I took this trade short with very few draw down.
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Perhaps the long-awaited consolidation of BTC has already begunThe formation of the consolidation form begins. In other words: “pause” in the trend, when market participants “gain strength” to continue it. This may be a pennant or a flag, it does not matter. It is important that this will be another confirmation of growth in the medium-term policy.
If the basis of the data on possible figures, it usually happens in equal magnitude of the previous movement. From here and the resulting levels of $ 10,000 - $ 10,500.
Of the minuses of this scenario, we only have a protracted consolidation (it may well last until the end of June). But again, this minus is blocked by the inevitable growth of altcoins with such a development of events.
As a result, we have an absolute predominance of warm colors in the picture of the market).
Soon backache for BTCConsolidation, which lasts from 26.04, is approaching its logical conclusion. At the weekend, the price could not determine its direction, which means it will do it within a week. Growth factors are futures GEP and small divergence. On large TFs, everything is quite difficult, since the paterns are not allowed to work out the fundamental and manipulative factors.
BTC. Will we continue to grow ?!Bull potential is not yet fully exploited. I think that now we are gaining positions for growth. Perhaps we will also correct the resistance zone between $ 5300 - 5370. The intermediate goal of climbing is $ 5800, but we can potentially break through $ 6000. The power of the impulse is difficult to predict as there is still a divergence with the STOCH indicator.
Local fall of the BTC can not be avoided? ..There is a high probability of retest $ 5000 . The accumulation of sales volumes at levels $ 5090-5110 will make it much more difficult to hike prices higher. The imminent fall in prices from these levels, so far does not meet any resistance from buyers. If the situation does not change in the near future, the local minimum is likely to be updated.
BTCUSD forecast for 12.04Currently, we have class A divergence on local maxima and minima of the D1 timeframe. In addition, before further price increases, it would be nice to push off from the MA (200) in the $ 4,600-4,400 zone. In general, we are waiting for the continuation of the correction.
Why is it possible for TRX to grow fast ?!The situation with TRXBTC (Binance) seemed interesting. Since the end of January 2019 he is still in
fall phase, without serious correction in the opposite direction.
Although the reasons for growth in this asset is more than enough.
Fundamental factors:
1. Partnership with Tether, which will lead to the release of USDT tokens based on the Tron blockchain. The launch should take place before June 30, 2019.
2. The appearance of Tron on the 2nd place of the cryptocurrency rating of the Center for the Development of the Information Technology Industry (CCID) of the People's Republic of China. In general, in evaluating the CCID, the TRX assigned an overall index of 145.6. For comparison: in Ethereum it is now equal to 139.2, and in Bitcoin - 104.5.
3. A rather large share of influence in the cryptocurrency media space with constant releases of news about major cooperation with Tether, Ethereum, BitTorrent, and so on.
Technical factors:
1. Bullish class A divergence on the D1 timeframe indicates a high probability of growth.
2. Inevitable rebound from MA (200) on the same D1 in the very near future.
3. TRX is one of the few coins of the first 20 with coinmarketcap.com, which did not give any significant growth in 2019. This allows us to hope for growth, especially in conjunction with the above factors.
A fairly unambiguous picture emerges, but one should not forget that there is almost no uniqueness on the market. Much depends on the decisions and statements of developers, as well as on the general situation in the cryptocurrency market. Definitely worth allocating under TRX a certain share of your cryptocurrency portfolio.
LTC (Bitmex)LTC (Bitmex)
Begins correction for this instrument. The price is inside the rising channel starting from January 20x, January 2019. It is necessary to go beyond this channel to accumulate positions in the range from 0.013 - 0.0115. Locally, a corrective figure was also drawn.
We will sell from the level of 0.014.
Goals: 0.013 | 0.0122 | 0.0115 |
EOS (Bitmex)EOS (Bitmex)
A nice figure of continuation of the trend on 1D was drawn. Potentially, we can fully work out the value of the "flagpole" and reach 0.0012. But now there are quite big problems with volatility in the majors. Any bullish impulse suggests itself anyway. We will keep abreast of events!
XBTUSD 4H (Bitmex)XBTUSD 4H (Bitmex)
We have a descending triangle. The lower boundary of the triangle forms a horizontal support line, repeatedly tested in the past. The amplitude of oscillations inside the triangle is reduced. High probability of breaking through the lower boundary.
Then we should expect a decline to the level of $ 3900 - 3860. It is likely that before that we can go above the current local maximum.
Celer (CELR) on the Binance exchangeFrom day to day, the listing of Celer (CELR) on the Binance Exchange will occur. For now, everything goes according to the scenario of the two previous listings via Binance Launchpad.
Chances are high and for the 3rd time to repeat the "bullish race" on BNBUSD. This time, the price could go as high as $ 20 per asset. I advise conservatives to buy from the level of $ 16, and those "who like it hot" can start at the current price.
#BTC on a 1-day scale, we are within the Ichi cloud#BTC At the moment, on a 1-day scale, we are within the Ichi cloud, and in order to determine the future direction of the market, we need to go along the upper edge of this cloud, which will make it possible to touch higher resistances, to the 4700-5000 range. If we still go down and test the bottom look of this cloud, we will consider the discovery of longs.
STEEM / BTCSTEEM / BTC
The price breakdown of the resistance level, which became after that the support level, and fixing above it indicates the possibility of the price hike higher after a local return to it and a rebound
Entry price 0,000147
TP1 0.000161
TP2 0.000172
TP3 0.00018
Stop Loss 0.00011
Transferring to breakeven after 0.00017
#BTC The price is now in a confirmed uplink#BTC The price is now in a confirmed uplink channel, formed in the 20th day of January 2019.
If the "bears" do not concentrate their forces on the breakdown of the level of 3850-3800, then we may see a further price increase within the channel. Depending on the nature of the growth, we can expect an ascent to 4000-4250, where large volumes for sale are located. It is sad only that waiting for any of these scenarios can take from several days to a week.
#BTC With a high degree of probability, we will see new lows.#BTC
If we talk about the fractal, then we can see the removal of stops near or above 4500
Until we broke through 200 ma about some turns and “to the moon”, it’s too early to talk, be careful.
Positive is still small, with a high degree of probability we will still see new minimums.
Litecoin to Bitcoin may continue to growLTC in relation to BTC looks very positive. The breakthrough was rather impulsive, after which we observe a regular pullback. A very good sign that resistance becomes support and the price does not go lower, if support continues to hold the price, it’s very likely that LTC will show a positive movement in the next few months. If the momentum is not lost, then it is worth considering the hold.
XBTUSD trading idea for BitMEX#BTC (long)
Pending orders for a pair of BTCUSD:
Leverage: 5
Risk per trade: 1-3%
Long entrance: 3676; Stop loss: 3646;
tp 1: 3691;
tp 2: 3706;
After taking the first goal, we move the position to breakeven. Non-working pending orders are deleted at 00.00 Moscow time.
After taking the SL or TP, the remaining deposits are removed.
Bitcoin technical analysis. BTC-USD on January 14, 2019
#BTC
On the 12-hour scale, the market has been oversold for several days already; the Stoch RSI can bounce and move up. The formation of the XABCD pattern is also seen, which may lead the price to the area 3466 corresponding to the level of Fib 0.786, which, as a rule, is often reversal and then we should expect a rebound.
Globally, the market is now very neutral: for positive, we need to rise above Fib 0.618 (about 3662, the blue area on the chart), while we are lower there is a chance to touch Fib 0.786 (about 3466, the red area on the chart) and if this support will withstand market pressure, then we will observe a noticeable rebound, if we fix under it, then we should expect a move to the area below. As long as there are no reasons for a global decline, perhaps the market will be able to form a double bottom and we will get a stronger and more significant rebound.
Not a call to action. Vision on now, we are still out of position, we have placed orders, we are waiting for entry
BTC is now neutral. Globally, the market does not look promising#BTC
On a monthly scale, the market does not look the best, but there are still chances of becoming more bullish, the candle may turn green if current support is strong enough. On the scale of the day, we can see the range below which we cannot go down in order to continue the bullish scenario and move to the level of 5000. On the whole, the market does not look promising and may form another wave of decline, but the current support is still coping with market pressure, so now it’s better to watch from the sidelines.
XBTUSD Bitcoin trading idea for BitMEXPending stop orders for a pair of BTCUSD:
Leverage: 5;
Risk per trade 1-3%;
Long stop: 3625, target 3665 (close 50% of the pose), 3687 (close the rest)
stop loss: 3563
ETHUSD Ethereum trading idea for BitMEXSHORT signal for a pair of ETHUSD:
Leverage 5;
Risk per trade 1-3%;
Entry 126.3, target 121.1 (close 50% of the pose), 115.9 (close the rest);
#BTC you can see the figure of an inverted head and shoulders#BTC
On a 4-hour scale, you will notice that the price is likely to fall to the support level of 3600, from where it can rebound. If the price follows this scenario, then on the chart you can see the figure of an inverted head and shoulders. If the scenario of this pattern is confirmed, we will be able to move higher.
#BTC we have a good structure 12345#BTC
There is a high probability that we are observing correctional waves of the ABC pattern. If the price action forms the ABC pattern, then the next point C will be near $ 3800. As part of the correction of this pattern, we have a good structure 12345. Therefore, we must go back to the area of about 3700-3800, then we can expect a rebound to the level of about 4700.
