DASHUSDDASH
Elliott Waves. 5 wave is on the way, but you should remember about the black swan due to the latest events and the behavior of this market.
Kraken
BTCUSD Consolidation Breakout - LONGI am analyzing bitcoin on the Kraken exchange - XBTUSD.
After the China ban on Bitcoin news on 9/8/17, the price of BTC saw a modest drop of ~13% from ~4676 to ~4139 (a previous support level). Since then, the price has held steady above this strong support. BTC has been going into consolidation and may soon see a bull break. My target entry will be between 4150-4200. Profit target 1 will be at the resistance of 4728 with a 2nd profit target just under the all time high of 4971. Stop loss should be set below 4100, depending on your level of risk. Trend reversal may be confirmed by a strong bull candle on the daily time frame. RSI will likely not be a good indicator here because of price consolidation, but stochastic RSI can be used.
Please let me know what you think and happy trading!
XRPUSD Low-Risk Pennant Breakout - LONGProfit loss ratio can be ~4.5 or more depending on the level of your risk.
There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks.
My strategy:
Stop loss @ 0.1900
Entry target below 0.2080
Profit target 1 @ 0.2600
Profit target 2 @ 0.2930
Please let me know what you think and happy trading to you all.
XBTEUR on its way to 3950€ after breaking bearish resistance If KRAKEN:XBTEUR can break the resistance @3790 EUR it is back on its way up to 3950.00 EUR +
Bitcoin Cash At Support Zone$675 Has been well respected all weekend looking for a bullish reaction to start the drive up to $941 weekly target.
Bitcoin Cash On Course $1000 per coinABCD move also ties in nicely with a 3rd Elliot wave leg.
Targerting $1000
Bitcoin Euro On course for €4200Close above €3724 today will confirm for me this move that I have been tracking.
ABC=D at .50 extension.
(A) €2794
(B) €3747
(C) €3250
=(D) Target at €4200
IF we hit that target without dropping below €3250 this will also form a good length for the 3rd leg of an Elliot Wave on the uptrend.
All this puts suupport to brake this move at (a) ponit = €2742.
XRPXBT - Kraken - Trend Reversal, or More Death?Hi, XRP has been in a downtrend for some time now, but also in some kind of descending wedge. I had originally designated the red outline/green box as a possible reversal zone. It has once again bounced from the 0.786 Fib Retracement level and it got close to an old trend support line (pointed green line), and now it's headed towards the downtrend resistance line. This could be the breakout in the making.
The other possibility is that it's making another descending triangle, bringing another breakdown to the next support level (green box):
Meanwhile, it has been scalper's paradise. I missed the entry at support, so now I'll wait for it's reaction at the trend resistance line. If I have the time, I will publish another chart for scalping once it approaches or something happens at that resistance line. Can't short XRP in Kraken, so I will only publish "Long" trades.
XBTUSD - Kraken - Falling WedgeFalling wedge, plus Bullish divergence. Possible breakout.
Possible good entries:
- Pennant breakout
- Pennant support
- Trend support
Target 1 - Red square
Target 2 - 2700 - 2720 range/25.05.2017 ATH reference
Mystery purple line - no idea if it will carry any sort of effect.
References:
www.babypips.com
www.investopedia.com
en.wikipedia.org
THIS IS NOT A TRADING GUIDE. IF YOU TRADE BASED ON THIS CHART, GOOD LUCK!! I TAKE NO RESPONSIBILITY!!! THE OUTCOME IS ENTIRELY ON YOU!!!
Possible inverse Head&Shoulders forming (Ripple)Based on the daily timeframe, you can see that the Stochastic RSI is in a downward movement. Also MACD histogram confirms downtrend.
XBTUSD - Kraken - New Highs Coming...I think the market will give us another buy opportunity inside the red outlined green box, which is the point where the trend line support meets with the ATH of 25.05.2017. I would place the targets based on the Fib Extension, and a stop after a lower low.
This is not a trading guide. Trade only what you can afford to lose.
Possible inverse Head&Shoulders forming (Bitcoin)Unfortunately, it is impossible to predict anything because of the uncertain future of bitcoin. Be careful.
Bubble Popper?As I predicted in my previous post, my gut feeling was that Ethereum is worth about €150, which we are at now give or take. But if you have a look at the 4 hour chart you see a clear trend line for this downward "bubble popping" trend. Yes, there is an upward trend from the over sold recent new low but I consider this a correction up to the trend line. If this trend line holds true, then we are a bit over bought right now. And a sell off will start soon, so we go a bit under the trend line again, and so on..
I think the trend will continue to follow this line down to €100 or maybe even €50, which was a fair price before the bubble started to inflate.
If you look at the Bitfinex and Gdax ETH/USD charts, there have been several attempts to break over $190'ish now, but all has failed. As I'm writing this, there are now a new attempt to break over the $190'ish resistance. So lets see how it goes.
Now, I could of course be wrong, and this may be the reversal to a bullish trend. So we are clearly in a grey area right now.
I am short over the long run though.
But consider this, there have been no new positive news for Ethereum. Quite the contrary in fact, with all the problems the network has with big volume transactions such as with big ICO's for example.
And now there is a competitor coming that is rumored to be the "Ethereum killer". This new blockchain is said to have everything Ethereum lacks and then some.
Thoughts?
Happy trading! :)
XBTUSD - Kraken - Scalp Session 004Initiated a trade based on my last prediction. Stop at below the red outlined green box, or if price follows the red arrows path.
This is not intended as a trading guide. Trade only what you can afford to lose.
XBTUSD - Kraken - Pattern Repeat? or breaking out?2 possibilites, bounce here right now, or from 1980s, and breakout... or bounce at 1960s to 2000s and more down...
or none... of course...
XBTUSD - Kraken - Scalp Session 003Two possible trades. A small Long and a small Short. If you've already bought todays dip, feel free to use this to compare it with your own targets/ideas.
There's a chance for a lower Long entry, making a double bottom, but the 4hour chart already shows a clear Bull divergence, although it might still have some room for another entry at support.
This is not intended as a trading guide. Trade only what you can afford to lose.
ETHUSD - Kraken - Scalp Session 002Again... doing this in a rush... I feel safer buying here than yesterday though. Similar, or pretty much the same targets from yesterday. Expecting some resistance at 230 again, probably take profit there. Stop if 180 fails as support. Should have posted this before going to sleep, but I was tired and woke up to do some other stuff.
ETHUSD - Kraken - Scalp Session 001Quickly before it breaks out....
3 targets.
Cryptos mosnt known coins seen to be following BTCUSD lately. ETHUSD offers bigger % movements than BTCUSD. I remain Bearish for the midterm in ETHUSD, but this looks like a good scalp opportunity.
Stop below support. Not on it. Did this in a hurry---
XMRUSD - Kraken - Will we have a Bullish Summer?This is a pure TA, looks to me to be a Bullish setup, at least a Bullish Channel from these last days heading for a breakout, provided there aren't any catastrophic crypto news coming soon. Marked some possible prices in Red where I think price could bounce, which once they are broken I will turn Green as Support giving more buying opportunities before breakout. Stop loss at 36.5 since I think there's a potential to break 61.70 during this month, or the following, with targets that I got with the Trend Based Fib in the 70-80 USD area, giving a R-R ratio of above 1.5, decent to me. MACD looks choppy right now, but as long as Channel Support holds I wouldn't care about it.
Only trade what you can afford to lose.
