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XRP What can we expect in the short term.KRAKEN:XRPEUR We have formed some kind of short term descending triangle, judging by how we entered it. On top of that we have some halting of the trading on Coinbase and than Kraken, but i don't think that will have much of an impact on the price. What it can happen is that we fall down from the triangle and probably through orange support. The first stronger support is than the green one. Green support could reverse the price, but if even that one wont hold, then there still are 3 stronger supports (purple, blue and yellow trend line support)... The life saving is in my opinion yellow 4year old trend support line. Tu sum up, any of those supports could potentially reverse the price upwards, we can even break upwards from the triangle itself. Will update on that. I am not a financial advisor and non of this is a financial advise. It just what a like to do and share my view as i also hold quite a few XRP myself. If you wish you can tell me in the comments below of what you think. Wish you all successful investment.
Short
by AVA37
1
BITCOIN ( BTC ) FUTURE ! after Head& Shoulder pattern in H1-H4 BINANCE:BTCUSDT BITMEX:XBTUSD COINBASE:BTCUSD BITBAY:BTCUSD BYBIT:BTCUSD Hello As I mentioned in my last idea about double top or head and shoulder pattern for last movement of its top I can say : It seems All whales had a common idea regarding short positions . there is no fuel at all for new fishes . I strongly believe that there will be a bump again before it continues to down . indeed it should be a corrective wave or Wave B . Above Support line I think about buy orders and vice versa about Resistance line . we will see a Side way trend till it breaks the floor to 20,000 channel . Are you with me ? it should be a great time for Alt coins . lets see what would happen .
by Zabihino
3
ADA BULLISH BEFORE BREAKING OUTKRAKEN:ADAUSD ADA has seen some great pumps as of recently, pushing up to $0.17 then quickly back down to around $0.125 (buy back level). Looking at the awesome oscillator we see sell pressures are starting to build up, which is confirmed by our distance above the EMAs. Expect sell pressures to continue but slowly wane as price begins to move closer to EMA's, then we will see another big boom near $0.20. Looking at the trend based fib extension, we are at the 1.618 level, anticipate that to drop near 1 and then push back up between the 2.68 and 4.236 levels. All three of these indicators line up nicely, giving a strong sentiment of whats to come. This is not financial advice! Please trade at your own risk.
KRAKEN:ADAUSDShort
by mattforutan
2
ETH TO GO BULLISH AGAIN ONCE EMA20 CROSSES BACK OVER EMA50KRAKEN:ETHUSD Here is some more analysis using EMAs looking at 1 hour candles. You can see with each pink circle, once the EMA20 (blue line) crosses above the EMA50 (black line) we enter a bullish period. This spike continues until EMAs even out and the EMA50 crosses back over. Looking at the green circle we see EMA50 is currently still above, once that turns we are bullish. These two EMAs are very standard for cryptocurrency analysis. This is not financial advice! Please trade at your own risk.
KRAKEN:ETHUSDLong
by mattforutan
4
Bitcoin Perpetual Swaps v Spot basis suggest overlev longs Bottom indicator showing some important Perpetual Swaps contracts vs Coinbase price basis baseline = spot price basis positive = swaps trading at premium (generally strong over-leveraged LONG exposure ), push longs paying funding to shorts basis negative = swaps trading at discount (generally strong over-leveraged SHORT exposure ), push short paying funding to longs We can observe ongoing existence of what is likely to be over leveraged longs. The swaps been trading significantly at premium. Trading at premium mean that swaps funding rates rise substantially and consistently putting pressure on longs since longs pay shorts. Market-markers are on the receiving side of that funding to offset the risk of being against the trend while providing liquidity to a market that may for the moment may be losing some steam on the demand side waiting for a pullback Price been trading consistently above the trendline which remain intact but the swap-spot basis suggest a strong pull may occur in the future. Staying full long (specially if entry is very recent) in what looks like a very possible local top, even if we wick towards 20.1k, is very risky.
BITSTAMP:BTCUSD
by D7R
7