How low can you go?Interesting times for Bitshares and the whole cryptospace in general. I have two big questions at the moment:
1) Will we find support on the green or the red trend line?
2) Have we completed an ABCDE correction?
LOW
Is the pair ready for the new highs?Our pair has updated the yearly lows and we are seeing a continuation of the long-term downtrend.
We believe that the next psychological mark will be 1.28, which may slow the quotations and lead to a local correction.
Therefore, we advise you to look for points to enter short positions and set SL and TP at resistance levels.
Is the pair ready for the new highs?Our pair has updated the yearly lows and we are seeing a continuation of the long-term downtrend.
We believe that the next psychological mark will be 1.28, which may slow the quotations and lead to a local correction.
Therefore, we advise you to look for points to enter short positions and set SL and TP at resistance levels.
Moving aheadAt the moment, our pair is confidently advancing downwards to the annual minimums and is ready to update them. Despite the numerous statements made by the representatives of the Bank of England on the strengthening of the economy and raising the interest rate.
The pair could not hold above the mark of 1.30 and headed down. Our technical indicators point for sale. Therefore, we advise you to look for points to enter short positions and expect the pair to set new annual lows.
* Bitcoin Chart Art * ~50k in 2018 / 2 new ATHs in 2019 etc.very analyze, such parody
so many more WØWS
ETH/EUR Kraken Short/Long/ShortETH/EUR
If my Elliot wave count correct, then easy 1% gain low risk
from 4th wave.
Rsi looking high, so drop should be soon. Don't forget to short the market
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Twitter: Acgaxs
Voice of reason? Common sense? Where are you? IDEA to ponder.BTC to tumble, but it's going to be okay. There are some very skilled and talented TA people out there...That being said, where is the money? Where's it going to come from? I think that's a very fair question. The laws of growth demand it. BTC cannot survive on day and swing traders only - recycling and swapping capital each and every day. Some make profit, some lose, but in all of this there's no big NEW MONEY. We need capital investment, which is smart money, which will only buy at brutally low prices. Until we hit a very enticing low sparking a significant influx of money, there's not going to be anything significant happening. To say BTC is going way up at this time is misguided because most market participants are now smart and experienced/burnt/skeptical enough to know that it would be quite suspicious without first a descension to the 365 day low which would be in the $2000s range. Even I don't accept that but we have to ask, then what will it take? That may be too low, perhaps Sep 2017 levels... The people are not "buying" it anymore. So, we may very well see 4k-3k before this beauty rises once again. That would be enticing for many. And just remember: Sept 16 2017 BTC @ $3700 and by Dec 16 2017 BTC @ $19,700 = 3 months. Just absorb that for a moment...
Just a thought
Not financial or psychological advice
Bitcoin capitulation low???Could this be the BTC capitulation low (between 3000 USD and 2600 USD) or do we bottom @ 4355 USD? Time will tell :) Based on Murrey lines, Volume profile POC and July 2017 candle patterns (including volume).
lower low on the 4hr chart; officially broken down from wedge. I think it's very likely we can head to 5.9k here. The stochrsi on the 1day chart has plenty of room to drop still and the reason we are currently consolidating I believe is that the 4 hour rsi just hit oversold conditions. So it is likely we will fall back down and retest the bottom trendline of the pink symmetrical triangle. Even though we are currently at a lower low on the 4hr chart...dropping to 5.9k and then bouncing up would actually be a higher low on the 1 day chart. For now I am short. My one hope is that it doesn't cause the golden cross to undo itself. One still potentially bullish outcome to watch for in all of this however is that now we have fallen to a much more symmetrical shoulder height as the first shoulder of the inverted head and shoulder pattern, which means the ivnerted head an shoulder pattern for now is still valid...however it will be invalidated if we continue to fall and retest the bottom trendline of the pink symmetrical triangle pattern. Being prepared for either outcome is my plan...you make your own decision as this is not financial advice. Good luck and thanks for reading!
Update it Didn't get my hedge but the top here is way too clean for it to be a real top imo... liquidity above waiting to be taken...
probably tap the 6350 then head back towards top of range//possible break up into 6800+
Removed hedge orders for now and will re-evaluate.... overall net long
higher low/higher high triggered need 1 additional higher lowWe have achieved the followup higher high after the higher low I mentioned in the last idea. It seems like btc is content on maintaining its fractal of 2014's behavior for now. We still want one additional confirmation higher low to hand control over to the bulls but I bought back in at 5890 as soon as I saw that higher low...not typically what I would normally do I would usually wait for at least a higher high before I jumped back in but it was my confidence in the fact that things were continuing to play out like 2014's bear market did that gave me the confidence we would be going up first. Keep in mind just one follow up lower low can be enough to hand the reigns back over to the bears which is why its so important to get that additional higher low after the current higher high. for the bulls I look for a higher low/higher high and then 1 more follow up higher low for confirmation of a trendshift. For the bears since they have gravity working in their favor I usually only wait for just the first lower high/lower low and don't wait for the follow up lower low. Hopefully if this price action maintains its close fractal similarities with 2014 we can make it to 9.7k or so within the next month before we see any further significant downtrend...Anything is possible though so we will have to wait and see and be prepared for all possible outcomes. Even though I'm listing this as long I won't be surprised if we soon enter a small correction, I'm just thinking it is likely that correction will form an additional higher low and continue the uptrend...hence the long. As always this is not financial advice...make your own decisions and good luck with whatever you decide.
BTG ... wow, dead or dormant?BTG has been pummeled to (almost) death ... look at this folks.
We are BELOW the listed price on bitfinex ... yes, making record lows, all time record lows.
This coin is 19x off its all time high. That means 95% discount. Crazy.
I know there are people that think BTG is a copy cat coin ... unnecessary fork of BTC, diluting market share,
and causing confusion in the market with so many coins named almost the same thing.
BTG was given for free to those who had BTC on the hardfork ... and it quickly pumped up with BTC (pulling it up), AFTER
an initial correction (about 66% down) from people profit taking.
There's an argument about this coin being unnecessary ... but, I have seen it making amazing bounces WHEN BTC is in a bull rally.
I personally wouldn't consider this as a long term hold (due to fundamental reasons), but man, oh man ... do I have a feeling it
will bounce nicely when BTC does return to bull. This is one of those things where I might gamble a little (and I hate to do that),
but you know ... the kind where you throw a few dollars on a lottery ticket ($50?).
Hmmmm.... needs further thought.
Remember only a fool relies on one potential outcome.
Do not use this information for investment/financial decisions. For educational purposes only.
AUDCAD sellIt offers a good shorting opportunity in AUDCAD. The course is currently oscillating within the specified ranges.
Sell high buy low - Never forget!
AUD CAD Low risk tradeShort AUD CAD based on channel and fib level. Low risk high reward trade. DYOR don't use money you cant afford to lose. Just a quick one as a busy day today.
Bitshares VS Bitcoin Hitting The SupportToday Bitshares has reached 4/1 Gann Fan trendline, which at this stage has been rejected cleanly. Another major support is 161.8% Fibonacci retracement applied to the corrective wave up after breakout of the uptrend trendline.
This is 2300 satoshis level, and previously price has rejected it. Perhaps the confirmation that BTS/BTC has found the bottom, would be the daily close above 2300 satoshis level. Then it is likely that the price will start moving up, potentially towards the upper trendline of the descending channel.
But, if Bitshares daily close will be below the Gann Fan trendline, then the downtrend might continue and BTS/BTC could reach the 88.6% Fib support at 1700 satoshis area. Overall it is important to watch the low produced today, that is 2220 satoshis.
We have formed a lower high/lower low never a good sign when you see a lower high followed by a lower low but that's currently what we have...I assume we will see another bounce here before too long since we are nearing oversold territory on the 4hr rsi if we do odds are good that that bounce will only form one more addition lower high...if this is the case it will be time to exit the position until we see a pattern reversal.
NZDJPY long opportunityIf we have a daily closing above 2017 low , i will enter a trade at the poolback at 2017 low.
Just formed a higher low; higher high + inverted h&s in play.Just formed a higher low on the 4hr chart. If we can follow it up with a higher high we will also likely trigger an inverted head and shoulder pattern. Would be a good sign for the bulls.
EURAUD buying opportunityIt offers a good buying opportunity in EURAUD. The course is currently oscillating within the specified ranges.
Sell high buy low - Never forget!
BTC forms another higher low; testing top line of faliing wedge.BTC continues its higher low/higher high pattern by forming another higher low on the 4hr chart. and is now testing the top trendline of the falling wedge again. To continue its bull pattern we will want to look for it to reach a higher high than the last higher high of $7777 I personally think we will be heading up to 8k before the next retrace but are currently finding resistance at the falling wedges top trendline. I see enough room on the 4hr rsi to overcome this resistance though...so I'm listing this idea as long. You make your own choices though as this is not meant to be taken as financial advice.
