Bitcoin Daily RSI: Next rally starts when daily RSI over 46As you can see, when the daily RSI bounces off 46 it usually means the rally has come to an end.
Kraken
Bitcoin Long Orders: $5930-$6030; Short orders filled: CA of $6553
Closed on average of $6250 65
Out of position until my boxes are met. Ill either long the 5900-6k range or short 6500-6600 to avoid getting chopped up.
XRP/USDI'm not a crypto guy. I'm more of a probability-risk/reward type of fellow. But if cryptos will survive, XRPUSD is dirt cheap and has swung my favorite number. If you look at the beginning of this chart, price went sideways for half a year around this area. The whole question is, will it survive? if it does, then a low leverage long term position makes sense to me because pattern wise you stand to double your money. Keep in mind, there are probably still people holding this from much higher up waiting for it to come back. I don't necessarily think it will, but I could see either a more complex "B" wave or even a "C" wave at this point to keep people holding. Just saying, it's pretty cheap, something to consider, but I wouldn't bet the farm on it.
WOW HURRY!! Another great Bitcoin trade!Hi guys!! Hope everyone has been having a great trading week!! Let's get straight to Today's trade. Currently we are seeing some possible signs of reversing upwards on KRAKEN:XBTUSD due to it failing to make a lower low as shown in RED on the chart. If the resistance at $6600 is broken with clear momentum then we can possibly see a run back to the $7350 zone back from August 5th. Fundamentally the USD is suppose to be bullish but not in this case. You see at these lower levels any slight movements upward can cause CRYPTO traders to go in to a FEAR OF MISSING OUT also known as "FOMO". If a fail occurs we can see HUGE dips down to levels as low as $4860 so trade this VOLATILITY MONSTER with CAUTION .
BUY LIMIT ORDER: $6610
TAKE PROFIT: $7350
STOP LOSS: $6380
HIGH PROBABILITY TRADE SET-UP!!! RISK MANAGEMENT IS MUST!!!!!
AMAZING FOREX CALLS COMING OUT TONIGHT!! BE ON THE LOOKOUT.
Bitcoin low time frame, risky long playBtc has seen many consecutive down days before today and is currently at rsi support just above oversold on the daily. Bears are exiting shorts as you can see here on BTCUSDSHORTS. Last three big drops we had, short positions spiked to relative highs, bears were getting greedy but entered shorts at the lows and now its happening again only problem this time is that the bulls are weak. theres an enormous bearish triangle, we've been putting in lower highs for months and this bearish impulse isn't over yet. 5.8k was not the low and i am midterm still bearish. Nevertheless this bullish reaction happening here makes sense to me, its the perfect time as bearish sentiment is weakening and momentum is turning. We have consistently seen support at the 6ks and are seeing that play out now, I believe that the buying will be weak and major reistance lies ahead at 6600 and 7k, anything higher than 7.3k is doubtful for me. I would play this like this, accumulate longs now, small position not too much leverage and understand the risk and then put a stop around 6100s, target 7k and there you have it. I personally will not trade this even though i believe theres a high probability it happens but I will be shorting at 7k. We will break that low not a doubt in my mind. This trade however has a good risk reward and isn't that counter trend as we only made one impulse out of the 6k low we made and can expect at least one more push up. Might not happen but its a good trade and if you keep taking those you will win.
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider:
-Fib line
-Top of the daily cloud
-Descending resistance trend line
-Daily pivot Resistance 1
-Descending resistance on RSI
We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
BTC UpdateHi everyone! I've entered a long on BTC. I believe there is definitely a possibility of another leg down, but I dont want to miss the train and dont have much time tomorrow to watch it. We are approaching a major intersection here, especially the light blue ray i threw out a couple weeks ago. We are hoping that, and the previous trend resistance will act as support. I could see further retrace down to 7330 or so, maybe a wick down into the 7200s to shake out remaining weak hands. As long as we find some support here, we will validate the bullish divergence on the 12 hr chart as well.I will be looking to target at least the purple trend line, which I imagine will be around 8.8k when it gets there. I opened my lng at about 7536, so a close at 8.8k will make for a nice profit. Trade at your own risk! Uptrend has not been confirmed!
[REP] Fractal configuration foundAs you can see, REP is like ETC for the fractal behaviour.
Regarding the curves, we can expect a big pump in 2 months if the time scale is respected.
Good trade ;)
testing daily resistance -- bearish on bitcoin bitcoin is testing a long-term trendline that is currently serving as resistance. unless we have a daily close above 7.7k-ish, i'm bearish. i don't see us breaking $8k on this push-up. that is probably where we will reject. i will scale my short in up to that price. stop-loss will be placed slightly north of $8k. target price is around $6.9k.
also of note: short/long ratio is hilariously out of proportion. it has gotten better since this morning, where there were almost twice as many longs as there were shorts, but we still are going to see a return to parity here soon enough.
all signs are suggesting bearish, in my opinion.
ETH/EUR Kraken Short/Long/ShortETH/EUR
If my Elliot wave count correct, then easy 1% gain low risk
from 4th wave.
Rsi looking high, so drop should be soon. Don't forget to short the market
Sometimes i Post on twitter Check it out
Twitter: Acgaxs
EOS bottoming pattern
EOS after a monster run to 23 went into a free fall. we are now starting to experience a bottoming pattern. after a drop to near 10 dollars we consolidated in that 10-12 range for some time churning out some new buyers. Of recent the coin has started to make its move higher and break levels of resistance making a quick run to 15.
This past week we have started to develop a flag pattern with a lid on it under the 50sma. Intraday on our 15minute chart we got a nice spike the last few hours and are starting to build some range here in this 14 range in the next few hours as it rests and builds up power! if it can break these intraday highs we should get a run propelling this to the 16s
[XRP] The big pump at the end of June 2018 ? XRP is drawing a good pre-pump configuration, i'm beginning to buy all supports ^^.
HOLD is the master word.
And patience too =)
Falling Wedge on 4-HourThere appears to be a falling wedge on the 4-hour. The price is following two down-sloping and converging trendlines, and the price has touched each trendline 6 times -- with 3 touches per trendline. We will probably see a retest of the $7,800 area again before breaking out of the wedge. I'm starting to scale in now just in case we don't. I will continue to buy all the way down to $7.8k. The highest peak is the final price target for the breakout. I will also be watching the 9k level, as I expect major resistance at that price.
Average Entry: $8,200ish
Stop Loss: $7,539
Final Target Price: $9,806
Risk/Reward Ratio: 5.74
I will update this trade accordingly.
Second Tview POST . LTCUSD Analysis!Hello all and welcome to my update analysis of LTCUSD. This is my second time posting on tradingview, so take my information with a grain of salt. Now lets get started !
Looking at the four hour chart, I'd like to start from the green arrow on the left.
LTC was in a downtrend channel at the time of my last post. It has since broken out of the downtrend channel(blue trend lines) and entered a nice uptrend for 12 days.(pink trend line)
Now I would like you to have a look at the blue arrow. Price goes up, but the MACD and RSI both diverge. This bearish indication ended up in a breakdown below the trend line. On 4/24 , LTC breaks down below the pink trend line, uptrend ends. Now we have sideways action for an entire week and continuing. We are currently trading in a sideways channel, shown in between the purple trend lines. We are also finding resistance at 50 MA. Now I will move on to the bullish/bearish scenarios and explain the arrows on the indicators. If we were to buy now, in a bullish scenario we would break above the purple resistance line(approximately $154) and run up toward the next resistance at $166.30. This is my target for an 11.84 % gain. I would give this 7 to 9 days to develop. The MACD histogram is showing plenty of room for growth, as it has risen to the "zero line" and the two MA's are showing a weak bullish cross. The RSI has shown respect for the support line(pink line on the indicator itself) and has also risen to the "50 line" with plenty of room for growth. Please note that I would still consider the RSI to be in a bearish zone until it rises a little higher to the 60+ area. As for a bearish scenario, LTC can break down below the purple support line and test the next support at $137.32. If I were to buy now I would set my stop loss around $140 just in case the bearish cenario occurs. Overall, I am leaning more towards the bullish scenario.
Thank you for reading, let me know if you have any questions/comments/concerns.
**This is not financial advice or recommendation to buy/sell LTC. This is my OPINION.**
Bitcoin Projections: A Beautiful Set Up and Breakdown - $$$My philosophy with trading is, up or down, lets make money. I love shorting, and I love bull markets. Most importantly, I've taught myself how to make money in both markets. Its allowed me to be unbiased, and its allowed me to be more adaptable.
First look at bitcoin and all the research I did, the analysts had vague interpretations and recommended larger plays. I'm a day trader, I dont like staying in the market long as it increases my risk/reward as Bitcoin is volatile and its easier to be right about a quick move given the right indicators and confirmation than it is to predict an entire direction over a longer period of time.
I took a few hour interruption before posting this just now so hopefully all is playing out well ....
The overall short term play here is to short at the top of the triangle, and then exit the trade at the bottom for a quick 250$ swing. A tight stop loss can be placed on the outside of the triangle to minimize risk if we do break out the top.
Overall the triangle has bullish indicators and sentiment to it, however, for me its a 50/50 as i expected us to drop out the bottom on that last fall, so theres lots of support at 9k... until there isnt. I'll update the next moves, you can play the break on this too, but i am waiting to play the break past 9500. On the breakout of the bottom of the flag, i'll keep riding my short i placed at the top of the triangle. That's the gameplan, hope all you traders make some money!
www.thecryptoblend.com
Join my Youtube under Crypto Hippo to see video demonstrations and walk throughs of these charts i make. I make a video every day to keep everyone posted and updated on my plays.
Possible Ascending Wedge on the 15-MinuteThere seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here.
Average Entry Price: $9435
Stop Loss: $9603
Final Target Price: $8884
Risk/Reward Ratio: 3.07
I will also be watching the $9200 level, as there is decent support there. Will update accordingly.
LTCEUR Triangle Pattern, Good Entry Point 127.- EURStruktur Tradingviewpost
Depending on the possible trend swap in crypto, we can assume that it is time to go in and diversify our portfolio again.
We see bullish signals for LTCEUR on the daily chart:
-MACD positive
-RSI above 50 and not overbought yet
-DMI crossed and ADX line showing an accelerating/strong trend
-Awesome Oscillator crossed
Besides the technical indicators we see a triangle pattern. Price broke the down-trend-line yesterday which indicates a continuation of the uptrend of LTCEUR.
If we see the long awaited uptrend confirmed on BTCUSD – which is still the leading currency pair in cryptoworld – in the next few days, we should see a increase of price on LTCEUR of at least 30-40% to fibonacci level 50% (around 170.- EUR). This is also a next bigger resistance area.
I'm going long, entry at 127.- EUR (which is -5% from 132.- EUR on the hourly chart which is definitely possible and appropriate), target at 170.- EUR
Entry: 127.-
Target: 170.-
Stop-Loss: 115.-
Risk-Reward: 3.5
Good trading guys and do it responsibly – no trading with your student loans ;)
Best regards,
TimmiHendrix
btc .... just follow my green trend line and you'll be finelet's hope btc stays close to this green new trend line. VERY IMPORTANT (from my point of view): not to triple top at 11,7k.
my guess is that big players are pumping altcoins then invest the profits in btc. look back 10 days ago, EOS started the pump about 27 hours before that big green spike on BTC.
i'm not a professional trader, i'm just sharing my personal view on the current market.
hit like is you agree
Possible Monero BreakoutMonero seems like it wants to break out. The past few days resemble the start of the bull-run at the beginning of November of 2017 (see pink rectangles). It's also resting just above daily support. Good risk/reward ratio. Opening a small long here. Will update accordingly.
Possible Cup and Handle On ETHThere's a possible Cup and Handle pattern forming on $ETH's 4-hour. Good risk/reward ratio. Will enter a long.
Stop:$447.06
Average Entry Price: $504
Final Target: $837.77
Risk/Reward Ratio: 5.77
First Target: $600
Second Target: $700
Final Target: $837.77
Will Update Accordingly.
Possible $DGD BreakoutThere's a nice descending triangle nearing completion on $DGD's 4-hour (see pink lines). The price is currently resting on support. Good risk/reward ratio. Will buy some $DGD here.
Stop Loss: .026480
Final Target Price: .025507
Risk/Reward Ratio: 9.63
Target Price 1: .038619
Target Price 2:
Final Target Price: .025507
