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Monthlychart

BTC/USD Monthly; 30 minTo hone in on the overall pattern for FY 2018, I pulled a monthly snapshot with 30 minute increments to further highlight my projection of BTC/USD rather than a yearly "overall" to convey how BTC is being deflated one semi-drastic price action at a time when high volume hits various exchanges. I formulated my own fib levels with units of "100.00" rather than using the tool Trading View provides. The number sequence of 0,1,1,2,3,5 along with directional arrows are provided, such that, onlookers may easily understand how I calculated resistance and support for the monthly chart provided by Trading View. Of interest, is the ascending range #3, the descending range #3, and the descending range #5 of price action(s). A more detailed analysis can and should be overlapped onto the very basic monthly chart given; however, the chart shows the overall pattern of deflation of the speculative bubble in FY 2018 within a shorter segment; a month. It is my opinion that if this trend continues, Crypto-currencies in general are only good for swing trading, with the assumption that all factors remain mostly the same. This is my sole opinion; a conjecture that is not to be misconstrued as Financial Advice, implied or otherwise.
BITFINEX:BTCUSD
by thebeesknees11235
Zero MomentumWe have to remember, that there are three directions in a technical chart analysis: bullish, bearish and sideways. To get the big picture, I analyze the monthly chart of Bitcoin today. We realize that on the monthly chart, the down channel is not yet broken. Furthermore, the last three months closes are approximately in the middle (blue square) of the high and low, which are marked with a blue line. This means nothing but there is no momentum in either direction. For already three months, BTCUSD is in a sideways movement and the swings are getting smaller and smaller. However, during the month of March, there has to be a decision. Will it break out on the upper side of the channel and either move upwards or continue its sideways movement? Alternatively, will the red upper channel main resistance line be strong enough for pushing the price of Bitcoin further down to 1140 USD at the green channel main support line? I still stay at the sideline until a new trend establishes. In such a sideways movement, losing money in narrow swing trades is highly probable.
BITFINEX:BTCUSD
by luckyhelper
Platinum: Long-Term ViewPlatinum has been in a correction since 2008. Since then it has established a clear lower support of this massive sideways move. Even though the current market phase is a correction, it yielded some opportunities to make profits. Right now price is appraoching the balance zone, but the lower support hasn't been hit in that internal downtrend that was going on since the beginning of 2015. New lows are possible before the correction could come to an end as price bounces off of that major support level.
FX_IDC:XPTUSDLong
by theTrendtradr