BITCOIN CONSOLIDATING FOR THE NEXT BULL RUNI spect some months of stabilitation for btc in this price range between 900-1250$ with a possible triangle in the making, for a nice and stady bull run in summer to new ATH (my target based in fibonnaci is 3-4.5k for the end of 2017). Simple chart and TA.
Good luck everyone.
Kraken
XBTEUR: Slightly different setupXBTEUR has a similar setup to BTCCNY, but the chart differs in how accumulation and distribution patterns formed.
Right now, there's an active daily uptrend signal pointing to 1067 euros, but it's likely going to fail. The market also built a potential new uptrend mode up here, a re-accumulation level, which could trigger a rally from here, or alternatively an uptrend failure and a brief pullback to support below.
We'll need to monitor this and btccny, and check the uptrend speed lines on each, as well as the reaction to scheduled fundamental events, by March 1st, and 11th.
See the chart annotations for more information.
Cheers,
Ivan Labrie.
ETHEUR: Long term viewETHEUR is acting very strong but has faced a logical level to top at for now. What I'm interested in seeing is how the consolidation develops, and wether we go back down to 7.80 or lower after the daily 'Time at mode' uptrend signal forecasted time duration ends. If we don't, and we hold up in this zone, we could be coiling, forming an accumulation base, before moving higher, above the long term uptrend 'mode', which can take give or take 3 months.
Keep an eye on the daily downtrend 'speed-line'. Currently, we have already broken above the linear regression channel top, and hit the daily 'Time at mode' uptrend signal's targets #1 and #2, so, we need to be patient. I consider it viable for ETH to break higher and resume the long term uptrend, and I have a very good entry on average at the 7.850 mark, so I'll be extremely patient and monitor how the signals develop in the short and intermediate trend, to determine if our long term idea has wings. Currently holding a 20% account position.
Good luck, don't use leverage, and be patient.
Cheers,
Ivan Labrie.
Iconomi Fund.Maybe the first chart of Iconomi (ICN) published on Tradingview
-First pump can explain by the first listed exchanger: Kraken ICN/XBT + Liqui.io
-The dump was the delayed release of the plateform ( End of december delayed to 2017 ), we will see maybe the release before the end of January
-0.30$ per ICN is cheap, very cheap for a project like that,
ICN have many fund: Iconomi Index Fund, Iconomi Performance Fund & Iconomi Open fund management.
EVERYBODY CAN CREATE HIS OWN FUND !
IMO IF Iconomi work 101% good and dev take them promises, we will see a new era on crypto world, Iconomi is the link between old economi & the " new " economie digital.
Target:
- 1$
- 3-4$
- 10$ ( after distribution of dividends ).
Good luck !
BTCCNY: Daily updateThis is what we're looking at here. We're already in a full position, so, we're limited to use leverage to add trades here. We took a long, currently in profit, and we're aiming to book profits and reduce our long term position against resistance higher.
We'd like to see the following happen next:
No new lows after today.
Daily close above 5175.
Price not hitting going under 4811, and not hitting 3991 by the 16th (if #1 and #2 happen...naturally, this won't occur)
Price return to 6300 give or take, within a few days, and then go up to test the PBOC key level.
After this happens, we'll need to see how price action evolves, in which case, I'd favor booking profits from our longs, except for the core long term position of 15-30%. In my case, I aim to hold 20/20%, in ETH and BTC, and not close these until we achieve the long term targets described in my other charts.
Good luck to us all.
Cheers,
Ivan Labrie.
ETH: Gradually building a 20% account positionI'm buying Ethereum gradually with BTC over two weeks. I think we'll form a strong base and rally once again, after having bottomed at the low volume support in the weekly chart here, in the fiat chart.
RgMov shows an uptrend, we got oversold, broke the recent downtrend linear regression channel not only made a new weekly high but also expanded the weekly range.
If we break above the uptrend mode, we'll be in good shape to rally over the 100 handle here in the long term, so, don't miss out on accumulating longs here, specially if you missed the first rally before the giant sideways consolidation phase.
If you have insights regarding fundamentals for this move, or any comments, leave them below.
Good luck and happy new year!
Ivan Labrie.
BTCCNY: Weekly uptrend updateI highlighted the weekly support buy zones we have had in the past, as well as the curretly active one.
The 8h setup I pointed at might not work with a tight stop, but it's still good to hold longs from 4950-5100 overall. Just make sure your risk, if adding new positions is 1-2% max, if price were to go against you and hit 4805.26. It really shouldn't, to conserve the uptrend speed and achieve 5710.74 on time. If we don't hit this level before December 12th, then Bitcoin might endure a correction which could be a pullback, or simply lack of activity and a slow sideways drift again, before more upside is attainable.
Fundamentals would have to get in line, but for now, technicals give us comfort in long positions. Watch the linear regression channel support, watch the moving average on chart, we shouldn't see a close below them, and we should hit the target we have here on time. Also, watch the speed line on chart, which indicates the minimum required pace the uptrend has to keep to remain valid, all of these tools tell us when to expect a correction.
The only thing is that which we can't know in advance what the price behavior will be after it starts, so, we'll have to react and not predict too far in the future.
Long term target remains above 7000, based on weekly signals, and there's a longer term timeframe signal pointing way higher as well, so, there's no need to fear long trades, as long as we time the entry correctly, they will reward us handsomely.
Good luck,
Ivan Labrie.
Disclosure: I hold long positions with no leverage, nor stop losses, that equate to 55% of my account value currently, all in profit, except for the last entry at break even or minor loss. I have been buying and selling dips, to book profits and allow me to keep risk free holds.
BTCUSD index: Buy dips, sell partially on rallies, rinse/repeatThe BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information).
The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately.
Cheers,
Ivan Labrie.
ETHEUR: Position trade ideaWe can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ETHEUR: Update - Big potential upsideI'm currently long ETH vs fiat, and short BTC, so effectively long ETHBTC / ETHXBT.
The chart is quite bullish here, with a strong weekly uptrend, but a downtrend in the daily, which recently bottomed when hitting weekly mode support. I like how the last 4 days acted, and how we're holding above the DAO crowdsale key level, so I added a bit against this zone earlier. If not in the trade, you can risk a drop under yesterday's low, and enter longs in this pair, targetting a potential rally to 31.75 once the weekly rally kicks off.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
DAO´dWell, needless to saj. The DAO quite disrupted our pan there... Pah!
I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to have become the destination under the current circumstances.
Looking for a nice short entry...
Target: low 1400s
Happy Tarding... And be kind to one another..