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Kraken

XBTEUR: Bitcoin's monthly signalsIn this monthly chart I have outlined the different support and resistance levels on the monthly chart for Kraken. I'm using this pair, since it appears to have real volume data and a more legit price action so to speak, unlike that of other exchanges with wash volume , rogue market maker activity and whatnot. The target for the first monthly signal has been long reached, and part of that trade could be closed there (as signaled by the chart). I had shared monthly longs to capture this movement before, but for btccny1.00% at btcchina and also bitstamp . Currently the trend is up and we have more and more evidence of continued strength. As long as price is supported above 324-354, it'll be more and more probable to see further continuation. I will update this chart when we get a new monthly long signal, with a defined entry, exit and stop loss. Potential targets are on chart and also the target for the currently active trend in pink. If interested, I'm running a Bitcoin trading signals group, contact me for more information to join. Cheers, Ivan.
Long
by IvanLabrie
10
BTCUSD/BTCCNY: Intermediate term trend signalThis chart presents trend signals for 8 Bitcoin exchanges, using the daily chart. If price were to move to the entries on chart before the daily close, it'll be a very high probability trade, considering the recent failure to move up, more than once, and the increased volume present on the profile distribution. Good luck if taking any of these trades, and remember to check out my private group information. See my twitter page for more info on how to join: ivan_labrie (first tweet). Cheers, Ivan Labrie P.S.: The long term outlook won't change unless price moves under 1548 in Okcoin, keep that in mind, so I will be going long in a separate account as well. I'll update the chart after the daily close.
BShort
by IvanLabrie
1
ETHXBT: Ethereum has a very clear triangleMy analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart. The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise. This is typical triangle behavior. The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion. You can enter on breakout, but I'll leave my forecast for time and price intact. Cheers, Ivan Labrie P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
Short
by IvanLabrie
2
ETHXBT: UpdateEthereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio, keeping a 70/30% weigh, so every 5%+ price swing is either a buy or sell to maintain the BTC value of my ETH intact. If you're trading with margin, let me say that you're playing with fire. ATR is simply too wide. If investing without leverage, you can buy dips to today's 50% range from open to high after the close. As long as we start seeing new highs every 5 days we'll be safe. Good luck! Ivan.
Long
by IvanLabrie
121