Get started

Mambacoin

Divergence between ETH and BTC?Are you worried? ETHUSD Price action pros and cons Bull Case: Trading with in rising channel Holding above 200sma Holding above 50sma Consolidating between $155 and $188\ Lack of strong selling pressure Bear Case: Difficulty staying above the 20sma Lack of strong buying pressure Stoch and AO still have room to move on the downside Alt coins considerable weaker than Bitcoin Correlations: DATE BTC-LTC BTC-ETH ETH-LTC 1/16 ... 0.73 ... 0.26 ... 0.29 4/16 ... 0.94 ... -0.06 ... -0.06 7/16 ... 0.76 ... 0.06 ... -0.08 10/16 ... 0.67 ... 0.38 ... 0.22 1/17 .... 0.65 ... -0.01 ... -0.01 4/17 ... 0.20 ... 0.27 ... 0.1 7/17 ... 0.38 ... 0.19 ... 0.08 10/17 ... 0.64 ... 0.74 ... 0.65 1/18 ... 0.26 ... 0.13 ... 0.67 4/18 ... 0.77 ... 0.76 ... 0.74 7/18 ... 0.93 ... 0.92 ... 0.90 10/18 ... 0.83 ... 0.74 ... 0.87 1/19 ... 0.90 ... 0.88 ... 0.91 4/20 ... 0.86 ... 0.90 ... 0.82 Several articles have likened the recent lagging performance of altcoins to the situation they experience in Jan 2017. The articles have basically pointed out that traders will soon be selling there BTC to buy the cheaper altcoins, such as LTC and ETH. However, I would like to point out how the crypto environment has changed over the last couple of years. Before 1/17 there was often a negative correlation between BTC and the altcoins, but since 4/18 the correlation between the coins has been greater than 0.75. As a quick reminder: altcoins that approach 1 are closely correlated with Bitcoin, altcoins around 0 are not correlated with Bitcoin, and altcoins that approach -1 are inversely correlated with Bitcoin. This measurement is known as Spearman’s rank correlation coefficient. Thus, in this current highly correlated environment we as traders would be wise to keep our eyes on the leaders to predict future price action. Comment and Feedback Welcomed!
BITFINEX:ETHUSD
by SR618
5
OKTA - Breaking out all time new highsSymbol OKTA setup cup and handle Upcoming Earnings Jun 05, 2019 (EST) Horizontal S&R: yes $87 Channel S&R: yes rising trendline >20 & 50MA S&R: yes bounced 50ma but never really closed below it >200MA: yes clear up trend Volume confirmation: no yes Candle Confirmation: yes yes. gapped down on earning and finished strong Stoch Divergence: yes turning up Reg Trendline >85: n/a Short Float: 6% low float Entry 91.8 Stop 87.15 Price Target 101.1 Risk / Reward: 1:2 Zacks Rank: 3-Hold 3 Style Scores: F Value | B Growth | F Momentum | F VGM Industry Rank: Bottom 16% (214 out of 256) Industry: Internet - Software and Services Any feedback is welcomed.
NASDAQ:OKTALong
by SR618
BNB double topBNB been trending in an upward channel with bounces occurring when stochastic become oversold in conjunction with a fib entrancement. Could another bounce be about to occur? Bottom trend line could provide support, however, oscillator divergence and volume spike could suggest that there is more room to go down. Real support is closer to $12.4 - $12.00. At this level have confluence of the 200ma / 0.38 fib entrancement. Feedback always welcomed! Mambacoin.net Play 2dMoon
BINANCE:BNBUSDShort
by SR618
BCH bottomingWhile most of the major cryptos are still trading in a range, there are still a few that peaking above the Feb 24 highs. LTC flag out as predicted and continues to move higher. BCH also now playing with the Feb 24 high on volume. A potential setup could be long break of Feb 24 high (158) on volume with stop at 120 and a target of 239. To improve the risk / reward i would use definitive close below the 50 moving average as a stop. Any thoughts or comments are welcomed!
BITSTAMP:BCHUSDLong
by MambaCoin
2dMoon round 2This week'S 2dMoon game involves the following five coins: Average True Range Percentage ( 90day ) BTCUSD 2.67% ETHUSD 5.63% ETCUSD 5.33% EOSUSD 7.65% BNBUSD 11.36% ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. But ATRP displays the indicator as a percentage, to allow for securities trading at different prices per share to be compared. When playing 2dMoon considering Tradingveiw charts and ATRP is not only helpful but fun. Go to mambacoin.net to play 2dMoon.
COINBASE:BTCUSD
by MambaCoin
XRPUSD Double bottom or going to 0XRP has several interesting formations that are worth discussing. Triangle / double bottom - bullish -XRP is trading in the triangle apex with growing buying volume. -One of my favorite patterns is a double bottom with in a larger double bottom with confirmation from Stochastic and Oscillator divergence. -There is obvious resistance at .38, .46 and .50 with support at .28. Triangle / head-and-shoulders - bearish -Since XRP is trading only at .33 these patterns risk reward are not favorable to trade, since the price targets would less than 0.
BITFINEX:XRPUSD
by SR618
BTCUSD - wedge breakout or fakeout?Lately several people have noted the wedge formation that has formed over the last couple of months in BTC. The wedge has some positive traits: 1. A tapering of sell volume followed by some large spikes of buying. 2. Formation is fairly clear on both daily (5 touches) and weekly charts. 3. 6000 seems like an obvious level While on the surface it seems like a pretty good setup, I remain cautious for the following reasons: 1. Resistance from a clearly downward sloping 200ma. 2. Resistance from a very strong (7 touches) down slopping trend line that starts from Feb 2018. 3. Wedge patterns are historically an unreliable pattern. 4. 3000 seems like an obvious level of support. Two ways to play this setup: Aggressive Entry 3900 with stop at 3600 and a target of 4400 and 5500 and 6000. Conservative Wait for price to come back down to 3000, and a double bottom to form. This will allow price to have perhaps break the the down sloping trend line and the 200ma. There could be several good double bottom setups with entries anywhere from 3000-4000 with a target of 6000.
BITFINEX:BTCUSDLong
by SR618