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Is there any hope for the BTC Bulls?After a significant 22% bullish move up from 9k to 11.1k on high volume, bears were swift to reject price action to the downside at the 11k daily resistance. There are a few confluent bearish factors in play in the 11.1 region: 1) The 0.382 fib retracement from 13.9k to 9k 2) Daily resistances at 10.8k to 11k 3) Historical price action from late June into early July These factors will continue to serve as a strong resistance for the bitcoin bulls until proven otherwise. With that being said, our directional bias is bearish based on the current market structure of a lower low set at 9k and a tentative lower high being set at 11.1k. In addition to price action, we can examine our indicators: 1) RSI: RSI is stalling out on the daily and is failing to break through resistance around 50 2) MACD: The MACD histogram is ticking up, but is without much momentum and looks like it wants to roll over to the downside 3) EMAs: There are multiple high time frame EMAs acting as resistance around 11k with the most notable being the looming death cross (55EMA crossing under the 200EMA) on the 4HR time frame! Game plan: Bullish: A 4HR uptrend is still intact. If bulls can break past the the resistances at 11k, look to long on the retest Bearish: Given the intraday price action, a break and close below 10.2 would provide a good short opportunity when that level flips from a support to a resistance
BITSTAMP:BTCUSDShort
by NextLevelCrypto
2
Tesla inc - trend change?From the point of view of technical analysis on the daily time frame, there is a continuation triangle moving up indicated by an arrow. Something strong in the range of $ 180-177 when you exit the descending channel and fixing above it, you can say that the trend has reversed. But against the background of the trade war between the States and China, they can spoil the picture with the change of trend. If you can go locally in Long, it suddenly strikes) During the breakdown, the main resistance level is marked in yellow (level $ 250) A couple of my indicators hint at a purchase!
NASDAQ:TSLA
by IgorPorokh
6
NEO - mixture of signalsNEO is looking interesting to me at the moment; a great looking chart. On the 4h chart we have a change in trend with a higher high proceeded by a higher low (bullish). Then followed by a double top with a divergence in rsi and lowering vol (bearish). At the time of this chart we could be making a perfect Larger Double Bottom (bullish). If it breaks the blue line we could see a drop to the last support (0.001316). 7% If it bounces we could see it go to the last resistance (0.001558) 10% or possibly more because of such a long downtrend. Thoughts are welcome!
by System791
1
Bitcoin: Levels of Price Action One of the first most important and fundamental thing for any trader to do, is to properly define price levels on chart. Dealing with Bitcoin price in 2019 you can witness it's peak near 20 000 price range and as price went down by now to 3750 area, this means most traders will set their levels at closest round numbers like of course at the middle 10 000 and lower 5000 level. Second important levels are intermediate primary like 2500 and 7500 which are calculated by dividing main levels in two, and finally you get secondary intermediate levels 8850, 6250, 3750 also calculated by division in half. As you can see on BTC chart these levels work out perfectly well. Setting levels is a very simple part of TA, but it gives a lot more comfort and vision, when making trading decisions. Good Luck
BITFINEX:BTCUSDEducation
by leonidtoburokov
ADA heading to supply zone, possible 100%+ upside if holdingGoooood evening fellow traders! Came across this setup on ADA and figured it would be interesting for you guys to see this. ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone for spot and leverage, with my spot SL below the red line. Targets is marked in orange and is based upon daily and weekly levels in combination with a (hidden) fib extension from the bottom. This is a fairly low risk trade with your SL being about 5% below the entry zone. As always I will keep updating the chart in case the sentiment change, so please be sure to leave a like to get updates. Entry zone: 1040 to 1000sats. SL 967sats. Target 1: 1359sats Target 2: 1499sats Target 3: 1881sats Sharing more targets if we get to that point. See you later alligator! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Fetch.ai trend and hopefully maximize your profits! If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
Long
by Pineapple1k
XRP - The most bullish altcoin out there?There is no doubt this chart looks good. We have been setting higher lows since September when we got the initial push to the major 11k sats level. Personally I believe then BTC starts the next bull cycle, XRP will be the first altcoin to reach ATH. If we break 11k, our next big level is 16k which we will by no doubt reach if we break 11k. This is a great asset to buy spot and hold, or to use leverage on (you could short the tops, but that's too risky in my opinion, stick with long plays). On the mid term we are setting higher lows and we are forming a big bull-flag / bullish falling wedge right now. This meets up with the higher low trend line soon and those two in combination can make XRP break out. I'm super bullish on this chart and it's got much potential for further growth! Make sure to follow me to get updated charts on XRP :)
Long
by Pineapple1k
2
ETHBTC bottomed out at MAJOR support level RIGHT NOWHey all! Hope you are doing great! Long term; This is one of the most juicy charts I've seen all year, not a joke. We have found support at a MAJOR monthly level from the small pre-pop back in 2016. Levels are drawn from the main bodies and not the wicks as many people do wrong; it's the bodies you should look for. The timeframe for the body counts a lot, and as this is a MONTHLY candle body close/open for FOUR months, it's incredibly strong! We also have support here from a POC from the last wick down. Great looking long term chart with juicy targets reaching towards 40% and up to 200% at the most. Short term; As you can see on the short-mid term chart below, we did find PERFECT support at the candle body from 2016 and we are bouncing. I am still open for a retest of this horizontal level over time, but on a short term perspective we are currently in a bull-flag and CM stoch is getting ready to fire BUY once blue has successfully crossed over orange and confirmed. Bullish on the short term I have already entered in a long position with leverage on Bitmex, but this is also very valid for buying spot on Binance etc. Around this area is a great entry for spot buying or low leverage buying. The risk/reward is fantastic as you would simply place your SL about 1% below the horizontal level to make sure you are not wicked out by liquidity hunters / market makers. If you support this chart, make sure to give a like and follow for more updates and analysis :) Support makes me want to post more!
Long
by Pineapple1k
1