XLM Huge Pennant UpdateXLM doing very well so far after it's breakout of the pennant formation, i expect the bullish momentum to continue, the fibonacci fan can be used for selling targets if we see a huge rally as a consequence of the breakout.
In the short term, the 4000 satoshi level should act as a good support for accumulation, but it is possible that we may see a correction down to the 3500 levels if the market conditions worsen.
The target is pretty speculative, i dont expect the price to head straight there but I beleive it is very possible.
Biffy
Check out my open scripts here: www.tradingview.com
Feedback and collaoration is welcome!
Moonshot
BCH fork action appended to pre-fork dataThe price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and meticulously lined up several key swing highs and swing lows so I could do some somewhat accurate analysis on the chart. In hindsight, I should have used a vertical line to make sure I didn't mess up the horizontal scale as I was adjusting the pre-fork data to fit correctly.
Personally, I'm bullish on BCHABC and bearish on BCHSV. If one considers the possibility of BCH technically being the original chain of bitcoin as NIST claims, in my opinion it's easy to understand why this fork was so important and why it seemed to have had such an impact on the crypto market as a whole. My bullishness on BTC in the short-term is currently somewhat dependent on BCHABC continuing to win the battle. To make the chart a lot more interesting, I've overlaid the individual prices of BCHABC and BCHSV. It will be quite interesting(to me) to see BCHABC at binance react to the TA from this chart...
Bitcoin's latest bear trap hit the downtrend line on my falling wedge perfectly, currently bouncing right off(see the related "personalized bitcoin index" chart and press play)...
Note: As with my related chart I just mentioned, in this version, I sacrifice accuracy of the volume indicator to get a slightly more accurate price reading, correcting the average price against any movement of USDT/USD at Kraken. In a couple weeks or so after Coinbase finally stops holding the coins hostage and the dust settles, I'll follow it up with another one with a more accurate volume indicator that will either disregard USDT pairs altogether or otherwise not worry about what happens with USDT.
Current formula: (BINANCE:BCHABCUSDT*KRAKEN:USDTUSD+BITFINEX:BABUSD+POLONIEX:BCHABCUSDC+BITSTAMP:BCHUSD)/4+(BITFINEX:BSVUSD+BINANCE:BCHSVUSDT*KRAKEN:USDTUSD+POLONIEX:BCHSVUSDC)/3
My personalized bitcoin index (factoring in USDT fluctuations)It averages the price across 9 exchanges, while calculating the actual USD value of bitcoin in USDT markets by multiplying the respective exchange rates by the value of USDT according to Kraken.
Here's the formula for the chart in case anyone wants to use it themselves: (COINBASE:BTCUSD+BITSTAMP:BTCUSD+GEMINI:BTCUSD+POLONIEX:BTCUSDT*KRAKEN:USDTUSD+BITFINEX:BTCUSD*KRAKEN:USDTUSD+BINANCE:BTCUSDT*KRAKEN:USDTUSD+BITTREX:BTCUSDT*KRAKEN:USDTUSD+OKCOIN:BTCUSD+HITBTC:BTCUSD)/9
See related ideas(or find me on twitter/facebook/steemit) for more reasons why I'm so bullish.
The chart should pretty much speak for itself, breakout of a falling wedge...
An analysis of current and past price action.For the very first time, the amateur shows two different perspectives on BTC.
The chart on the left is the current daily chart for BTC.
The chart on the right is the daily chart from back in June 2017.
There is one massive similarity between these two, a fractal, outlined by the corresponding numbers on either chart.
The left shows different trend lines I have drawn ranging from very slow/organic growth, to parabolic growth.
There is a massive range BTC could hit by 2019, between $2,950 and $176,000.00.
If we break upwards of $100k+ however, I can't see $176,000 being the top.
My money is on $63k+.
If you check out the RSI, it's very clear we are possibly starting a parabolic trend.
Every single time frame is overbought, minus the weekly and monthly.
On July 17th, the 4H RSI hit 90.3473, and we are STILL CLIMBING.
The last time the 4H RSI has been seen like this, was on 6/12/2016, over TWO YEARS AGO.
We just had 6 green daily candles in a row.
This hasn't happened since November 30th, 2017.
Prior to that, May 31st, 2017.
Weekly MACD is about 1 or 2 weeks away from crossing bullish.
Gee, what a convenient timing for the ETF to be approved/disapproved..
Weekly volume is already HALF of what it was last week, in just one day.
www.tradingview.com
Oh and did I mention, we D E S T R O Y E D the insane downtrend resistance from January 20th, that's held us from breaking $12k+?
Oh and did I mention, the M A S S I V E bullish divergence that has been showing on the daily for some time now?
Big players in this market are moving it for a reason.
Prepare your moon suits bois.
My name is MC_Peewee,
but you can call me teh Salesman.
Ready, Steady, Go!Broke out the golden trend line and retested the resistance at convergence of fib 0.5 level and has painted a confirmed reversal candle as the next move builds. Early formation is similar to the previous small set of waves before the large thrust upward. Get on board before take off!
BINANCE:XVGBTC bottom of a 3 month cycle long positionthis is not trading advise do your own research BINANCE:XVGBTC what i have found on this chart is a simple look at market cycles. this can potentially be a good buying opportunity. the verge community is strong multiple 51% attacks and just all around bad news does not seam to affect this like many other coins i got into xvg before it last took off know when to take your profits this is key from a beginner gotten burned many a times. on the daily price is back to the last low before we pumped if the bulls can take the market back i feel we will see a good jump here as for the oscillators the RSI is showing oversold witch can mean we are in for more down side movement our Macd levels are looking prime for a break out in either direction as well as very tight bollinger bands forming on the daily also looks like momentum is picking up wait for conformation of break out above red resistance line for a buy if your in allready might think about selling if green support line is broken all things considered trade at you own risk hope i could help happy to see comments on the chart any good criticism is welcomed im here to learn and make money right
Sleeping GiantBancor is a network that lets users convert between two tokens like an exchange. The network lets you convert between two tokens of your choice without any counterparty. You can do this while taking advantage of an automatically calculated price. The system also incorporates built-in liquidity for added convenience. I don't think many have realized the potential of this project, they have a currently working product and have been rolling out a lot of partnerships. I have marked my entry, sorry I didn't tell you all sooner. I'll be holding this one for a while and will look to add on dips.
Those big wicks up really scream accumulation to me!
CND Clearly Following An Easily Identifiable Up-ChannelEverything about this looks good.
• Upwards movement on EMA55.
• Upwards movement on EMA200.
• Ascending triangle coming to an end on hourly chart.
• Resistance tops met before.
• Daily/Weekly/Monthly uptrend channel is very clear.
Target #1 = .000012000
Target #2 = .000013099
Target #3 = .000013495
Stop Loss = .000010950
Thoughts?
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
Not a very good week for TRX.The RSI is showing a massively overbought state due to the fakeout in BTCUSD 0.75% .
I believe we are only a week away if that from TRX 2.94% true, final bottom. My belief is that these projections will happen much faster than they show in the chart. This is Crypto, afterall.
First target buy zone is around 325.
Second is at 309.
The final bottom for TRX 2.94% should be somewhere around 300 sats 0.31% . We should stay in the trading channel between 300 and 350.
Ladder in, ladder out.
As always,
Haters gonna hate until they see Crypto's fate.
It may not happen on this date so don't trade the bait. Do your own research. Good luck and happy trading
A great month for TRX.Okay so my last chart on TRON was a little off. However, that is due to manipulation I'm seeing.
I have an updated chart here that accounts for the possibility of manipulation. I'm covering my bases this time.
BTCUSD just had a fakeout. The bulls got trapped and now we are heading down to find the true final bottom, which I believe is to be around $6,244 to $6,844.
With that said, keep a very close eye on BTC today as TRX movement is formed around the movements of BTCUSD The chart I am showing you here is a longer term chart so I'd say you are very safe investing anywhere under 350 sats.
On 3/3/11 I predicted the breakout we saw today with scary accuracy. It was a fakeout. Now that we have broken the 365 support, it's formed into resistance. This means we're likely going lower.
I have outlined the buy zones with the pitchfork. The resistances are the thicker but lighter color lines going horizontally.
I believe if BTCUSD finds it's true bottom tonight or tomorrow, we are going to see TRX skyrocket. The pathway I've created is to account for manipulation, however, so the target zones are likely *very* conservative.
Target buy zones are under 325, the RSI is showing a massively overbought state due to the fakeout.
First target sell zone is above 400 as we will likely bounce off the newly formed resistance at 365 to create the textbook inverse head and shoulders pattern.
Second is above 445.
Third is above 500, though I will push an update once we get to this level because it is MASSIVE resistance.
The final bottom for TRX should be somewhere around 300 sats. Shorter-term we should stay in the trading channel between 300 and 350.
Ladder in, ladder out.
As always,
Haters gonna hate until they see Crypto's fate.
It may not happen on this date so don't trade the bait. Do your own research. Good luck and happy trading!
Quantstamp (QSP/ETH) set to pop ahead of Y Combinator Demo DayWhile it's hard to predict exactly when BINANCE:QSPETH will break out of it's current descending triangle formation (dark green), it's already managed to break clear of its downtrending channel (pink) and there's a firm line of support (dashed green) right on the horizon. It'll happen at or before the intersection... which happens to coincide with QSP's debut at Y Combinator on March 19. The community has been hanging their hats on the exposure for weeks, likely slowing the rate of decline from the ATH -1.92% as non-hodlers have cashed out their gains. The conditions are ripe for a full moon . Targets on the upswing are in baby blue.
However, the current downtrend might look to some like a bear flag . If there's a continuation of this pattern and the bears bring the price below it's support level established pre-ATH (horizontal baby blue), it's line line of support is the level set at the prior ATL (lower baby blue) and if it can't hold there, the ship is going down.
This is NOT a recommendation to buy or sell. It us for educational purposes only.
REQ/BTC 10% + profit tradeREQ/BTC has formed a simple Zig Zag a-c continuation of the trend as outlined my Mr. R.N Elliot , this specifies that we proceed through a falling wedge on an a-c correction , before continuing the trend the length of the wedge itself , we are aiming for three specific targets and the Fundamental analysis of Req lies within the fact it was the fastest growing sub reddit for some time , now for the targets Target 1 :2928 sats Target 2: 3020 sats Target 3: 3100 sats , our advice from our team is to not specifically aim for the third target that is at your own risk we advise you to take a safe comfy profit of 10 % at target one and target 2 is actually the length of the technical analysis we like to "underbid" our targets to ensure safe exits . the safest buy zone is actually the current price of 2636 sats however we are expecting a btc dip down to a few hundred points before it resumes the uptrend please keep in mind this call may dip a tad before preforming surpurbly upon any sidways action of BTC itself for the safest entry period watch this period closely and buy around the upper purple line of the Bollinger Band outlined by the arrow , this ensures BTC will not cause this to dip at all at this point and you can still expect 5%+ in profits , for those playing the trade now rest assured on sideways action of btc it will follow through as expected
LTC buy & HODL: a few good days of buying before the climbWith the crypto market being so red right now, short of an announcement I don't think there is any place for Litecoin to go right now but DOWN. But of all the coins out there, I don't think there is any coin with as many (LOYAL) people holding and waiting than the @satoshilite fans.
If you are like me, you aren't worried, you are asking "How can I add more LTC to my portfolio?"
There will be a ton of support for this coin below $150. That said, it could stutter a while longer in this pendant-like flag and head south of 150. As a worst-case scenario it will drop below 125-130 and hit an absolute low of 100. (This could be a best case scenario if unlike me you have a budget to buy more coins.) But if volume spikes get in fast before the moon shot.
How low will it go? What's your next buy at? And just for fun, how high is the moonshot candle going to go? :)
#SUB will be the next #INSIt is #SUB turn to shine. Clearly bouncing off the strong support line right now, we can expect SUB to make a big jump just like the last one. RSI is bullish and downtrend is over. FILL YOUR BAGS!
Neo/BTC Breakout towards ATH!?Hey tradermancias,
we are currently about the break towards the ATH of NEO which could cause the rocket to start up to the moon.
Besides the chart neo has nice potential in the EAST-Asian-market and has great events upcoming in the next view weeks.
Check: www.coinmarketcal.com
This Break-Out could cause the market to be forced to bring volume into it.
As long as we Break through the pricelevel 0.009 and retest it as a confirmed support it`s time to buy and wait for a 32% gain before we safe profits.
This consolidation is a Wedge / Flag mix which could cause the trend to continue. The Flagpool represents our chance of profit.
We had a strong Up-trend after we`ve breaked the important 60$ pricemark and it seems like the Market is willing to climb and see a clear Wave-Pattern of Impuls and correction.
This is not a recommendation, just the way I see it. :-)
Peace and good trades
Livetrading: www.twitch.tv