LOW
BTC creates a lower low; still forming handle.I exited my position once we dipped below $8790. At that point a lower low had been achieved on the 4hr chart which almost always tends to be just the beginning of further downside. However we are now in oversold conditions on the rsi and the stoch rsis buy signal line is finally curving back towards the upside. We also seem to have a decent sized support buy wall waiting at $8500...because of these support indicators there is a chance we may see a little bit of a bounce at 8500 however i think this will probably only be enough of a bounce to reach the top trendline of the handle before it bounces back downward and sees an even further dip. I believe the downside will continue until btc is finished forming the cup handle and since we've only just now formed a lower lower on the 4 hour chart I anticipate the handle will likely be much deeper than this. Of course I will always be prepared for the exact opposite outcome as well. I hope all reading prepare themselves for opposite outcomes as well.
Multiple Moving Averages (10 Moving Averages In One)Got tired of having multiple moving average indicator on the left side of charts. Wrote this to reduce the long list of indicators on the left of the screen. Allows you to set 4 EMA and 4 Simple Moving Averages with one indicator.
Allows you to have 4 Simple Moving Averages and 4 Exponential Moving Averages with 1 indicator. Also, added a Period High simple moving average and a Period Low simple moving average.
LFIN: SHORTFIN orLONGFIN? How NOT to trade Low Float StocksBearish Crab harmonic completed on LFIN prior to a "investigation" for shady business and a pathetic attempt to halt T12 Trading. Any IPO is usually traded ridiculously high allowing short sellers to profit from this so early shorts were already placed with predictable stop losses. The hidden selling pressure behind IPO lead price being popped up by "bulls" to run the stop hunt above the 0.618 $65 price.
All of these levels will have to be recreated with price action, for now my opinion on the price is neutral, looks overly hyped but most newbie investors are just trading it for the % and point moves
The VPVR fired shorts covering at 0.236 or of the 1.618 fib extension of the bearish three drives, however we are now in a potential consolidation at the 0.618 $35 which will be covered by other late shorts back up to VWAP price.
Nonetheless there is no clear direction for the trend can only gauge directional momentum and potential reversal points using aroon and previous support levels
BTC final countdown started!Dear crypto friend, lover, miners, amateurs and lambo drivers,
the final countdown just started, the moment of truth is coming, now it is time to decide BTC uptrend -> bullish till major channel level or downtrend -> bears to channel bottom.
During the week end and the week, very low volume, RSI stable and MACD ready to assess. Pretty annoying sideways movements not worth any kind of scalping or trade.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
Tech Trade LOW on Positive Sentiment & Momentum ($90 PT)Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of LOW as a stock. Above $90 is a clear sell line, but if you want to ride momentum and the sector up on whatever reason, $92 and in between is not unreasonable. Do NOT take this stock long hoping for the days of $105+. While Lowes does have some good initiatives with being Smart Home friendly and educational, we are currently not in a period where people are rushing out for home supplies because of proactive home projects, preventative maintenance (hurricanes) or rebuilding.
Make some quick cash off LOW and bow out after. Let it stabilize and find its legs again against its trends lines and then decide if the narrative makes sense moving forward long term. The spikes are there, momentum will make them greater.
HEATING OIL, CHANGE IN TREND!Alright, so I was actually expecting Heating Oil to go higher, however this didn't happen. I believe that prices could potentially go down to lows of 1.8800 however I would be very careful as prices are approaching our ''V''
Have a strong look at your volume indicators guys as prices approach our key level (1.9000)
We could see a sharp reversal as prices approach the 1.9000 level,
HOWEVER.
Prices could of course reverse and take out our prior high at 2.0400 , to then reach lows of 1.8600.
Let's wait and see what happens guys!
"CALLING IT!!"... not really, BUTI am not "Calling it!", but I will say that this (Red Support Zone) is a very, very, very strong support and a **TECHNICALLY* good zone to invest A LOT.
For God sake, someone give me some rep some my broke *** can talk in chat! XD
I have lost thousands of dollars, but I suppose it wasn't a waste. I learned a lot along the way, and it is great to be a part of this movement and technology. I am truly in here for the experience, and to try and get the out of the hole I live in. I haven't been able to speak to any of you in chat, but I assure you, if you are active, I know who you are and I am glad to be here with you. Bears and Bulls alike.
Simple thing is this: Profit is great, but the mountains and valleys I have experienced with you all (and more to come) is better than the price I pay or receive. Thank you all!; life was looking grim (still is from a financial point) but, whatever, you guys are my new family, like it or not.
Oh, what would a post be without a Bear riding in a Bull Lambo to the moon!
<3<3
100SMA Maintains Support; Higher Low/HigherHigh EstablishedAs you can see on the 4hr chart we've had a slight retracement all the way back down to the 100SMA (in blue) where fortunately it changed course with the 100SMA acting as support. We also established a higher low and higher high on that last retracement compared to the retracement before it which mean the bulls still have control for now. Seeing as how we have yet to even reach the descending pink triangles breakout target or the descending purple wedge breakout target I'm pretty confident we will continue upward, and probability favors that as well. Of course anything could happen and the current FUD in the air is likely the fact that Reddit removed BTC as a payment option because of some change on coinbase. I will continue to go long but you decide whether to be long neutral or short at your own risk. Thanks for reading! *not financial advice*
BEST RIPPLE TRADING STRATEGYDid you ever consider investing in alternative cryptocurrencies other than Bitcoin? If the answer is yes, look no further, the best Ripple trading strategy can make you profitable by trading one of the fastest growing cryptocurrencies.
By far the hottest topic in the crypto community at the end of 2017 and beginning of 2018 is the surge in the price of Ripple. Ripple price has blown up from under $0.02 to over $3 in under a year and has increased by 1,400% over the last month alone.
The first logical question that must be on the back of your mind is what is Ripple and why you should be interested to buy Ripple.
Ripple value has skyrocketed and it’s on everybody’s mind. At one point Ripple has surpassed Ethereum to become the second cryptocurrency in terms of market capital.
What is Ripple coin?
Ripple is a cryptocurrency based on a private blockchain that’s permission-based and centralized. It has drawn a lot of criticism from the blockchain evangelists because it’s opposite to the Bitcoin blockchain which is public and decentralized.
In a nutshell, Ripple technology is trying to securely and instantly provide an almost free global financial transaction channel.
So, why is Ripple such a great cryptocurrency?
Ripple is trying to solve an age-old banking problem. If you think about it in the system we use today we do a lot of international currency transfers which takes a very long time for these transfers to take place. So, Ripple is trying to update that system and make it faster and more secure.
We believe that Ripple cryptocurrency has a very useful place in the market as it’s servicing a huge need.
Even though Ripple coin is different than Bitcoin, one of the Ripple’s advantages is that it has fast confirmation so, near real-time and instant confirmation of transactions. Plus, Ripple cryptocurrency is extremely cheap.
Day trading XRP Ripple with Naked Charts
Day trading XRP Ripple we need to deploy different trade tactics because Ripple price action has its own personality.
Our TSG team has discovered through careful examination and backtesting that Ripple has the tendency to bottom on up days during a specific time of the day. Moving forward you’ll learn what the best time to day trade XRP Ripple is.
Step #1 - The 15-minute chart will give us a better view of the overall price action and on the Ripple intraday trend.
Step #2 If we’re on an Up-Day, Mark on your Chart the Time Window between 9 – 10 GMT Time
As we mentioned earlier we have found out through backtesting that the best time to buy Ripple is between 9 – 10 GMT. However, that’s only half of the equation because our statistics also show that the best time to buy Ripple is in the up days.
What do we mean by this?
We want to buy Ripple if between the time window from 9 AM to 10 AM GMT, Ripple is trading above the opening price.
If we buy Ripple above the opening price it means that we’re buying in the direction of the prevailing trend. Essentially, this is a trend following strategy deployed on intraday trends.
Step #3 Buy anywhere between the 9 – 10 GMT Time Window
This time window also coincides with the London open and it’s the time when many cryptocurrency traders step into the market.
Now, depending on your trading skills and your experience you can fine tune your entry point within this time window.
Step #4 When day trading XRP Ripple hide your SL below the Opening Price
Any deep move below Ripple opening price will alter the bullish sentiment.
A sell-off below the opening price indicates that the buyers are weak and maybe we’re better off trying to buy Ripple on another day.
Step #5 Take profit once the Price Travels the Same Price Distance it did from the opening price until 9 AM GMT
First, measure the price distance from the opening price to the high established between 9 to 10 AM GMT.
Second, project the same price distance to the upside measured from the low established between the 9 – 10 GMT window.
DGB WILL GO BACK UNDER <100 satsHere are my thoughts on one of the most undervalued cryptocurrencies
Digibyte DGB, is a very fast/cheap multialgo cryptocurrency.
It got a lot of expectation back on May 2017 when it was some leak/lie? about minecraft integration . It went from 70 sats to 2000 sats in 2 months , but, after that event, bad news become real and a lot of DGB were stolen from this kind of integrated game platform wallet mixed with a no fully team support at that time.
My chart is about how this year it will come to <100 sats, a really possible scenario, compatible with a long BTC run in 2018, DGB on 2017 was stable between 0,005 $ - 0.0030 $.
As we see on the chart, the support level goes 10-20% everytime DGB has a bull run (2-4 months) that means the big Wales, or DGB foundation, or anyone with a big bunch of coins is losing their support power,A change of owners, a end of a cycle.
S&P 500 Index Buy Set Up off Swing LowsS&P 500 Potential Buy Set-Ups
Clear continuation pattern as it rinses out every stale bull who
jumped in at the first big impulse wave upwards and on the
wrong side of this now...should make a sweet double bottom
or close to - the first long is a speccy buy with stop either
under today'slow at 2615 or at lowest under that last low to
left of chart at 2590 - and it's another buy/add on breaking of
the upper parallel. So long as this holds at the lows today it
will rally back to the highs and beyond - a 10% rise...this would
just be the start and we can potentially get in close to the
swing low of a major and very rarely occurring dip - last one
was 2 years ago precisely.
Bitcoin low in place - run to 25k?Hi traders,
I´m back on the road with a brand-new crypto analysis.
For now it´s important to know that bitcoin is the dray-horse of the complete crypto market. If it collapse, the whole market will follow. That´s like all important stock markets simply follows the Dow Jones Industrial Average which you can see now if it drops hard.
We saw one of the biggest corrections in this market with a drop almost 75% from the high.
This is just very healthy because the shaky hands and the uncertain investors are now out of this market.
Only people who believe really tight in this market are in. This gives the huge chance to start a rally that we have never seen before.
Mainstream adaption will start to explode this year and this will create a really big bubble.
But step after step, let´s get really clear on this task: This market is nothing for strong doubted and fearful people who only want to double their money or make thousands of percent. If you not willing to hold your coins due such a big correction do not invest in this market.
This is the market with the biggest risk on the downside and also with the biggest potential on the upside. Please research on your own and do not follow advices from influencers or friends without making your own opinion.
So let´s start with some technicals ;)
On my last analysis I stated „...a hourly close below 8.100$ will set a) 7370 and b) 7000 on the list.
These are fibonacci extensions and are minimum targets, if price will extend it will hit 6420 and possibly even 6000$ soon! „
Finished! Done! Matched!
The 6000 level was hit to the exact point. This was the 2.272 finonacci level (If you want to know more about these levels let me know in the comments).
I want you to look at the daily chart because this is a longterm analysis. We have the price trading beneath the Bollinger Bands and Stochastic is going to build a buy signal. Our daily candle is looking like a reversal bar at the moment. Important fibonacci support levels are met.
The most important point to look at is a bullish formation which I not saw as a trading idea yet.
The WOLFE WAVE!
You can see a example of this formation on the left side. It is a strong pattern if it works.
Here you have the typical spike of the 5 below the trendline, if price breaks the upper downline a surge to the 12.900 is highly probable.
This could also be the end of the correction and if it is (what I expect) here are 3 targets above the all time high which I want to mention.
1. 25.100
2. 28.400
3. 33.700
**This analysis is not a investment recommendation. Do your research on your own!**
Spike when difference between high an low is >5%Spike when difference between high an low is >5%
You can set an alarm if you want to that way
You can shoose/change the intervalyourself
BTC 4 HR FEB 1 2018My thought is BTC is in an near time (today) ABC correction which will move into the 8700 (red c) or lower level prior to bouncing per the blue arrow to number 5. I expect BTC to then move as low as 5900 over next week or so and at that time will determine if this major correction had concluded or more pain for Bulls is coming. Good luck.
Returning to basics.Looks like TRX:ETH Has hit the Mid December trendline. Before the big price boom.
It does tend to notice the line and has bounced off it a few times, currently testing it now after a brief consolidation.
I'm wondering if it breaks lower, too far low (into that blue box), then it might be headed for the earlier trendline, the one that began early December.
I'm going to wait for a stronger signal about where TRX is headed. If your current hodl TRX position is above the current price, it might be worth averaging in a little lower now, keeping an eye on it and then averaging down again if it is headed for earlier trendline.
Good luck everyone. Love how much Tronix Has such an excited following. Keep it up!
And if you're looking to increase holdings, this all looks great.