Get started

Movement

DASH on Critical PointSimilar to our analysis of Litecoin (see below), DASH is also right on a critical point here @ $83. It isn't going sideways in the next day, so the question is, Bulls or Bears? There's a big area coming up between $84 and $94 where price has historically spent some time ranging. If we can break into this area you could set a TP at $94 and be pretty certain to hit it soon. If we cannot break into the range the price will deflect downward to at least $76, maybe the next level of $68, or possibly if there's a strong deflection all the way down to $62. Time will tell on this one, if you fancied a little trade we'd go long @ $84, TP @ $94, SL @ $80 (just below recent range). Good Luck & Happy Trading! -theCrypster
KRAKEN:DASHUSD
by theCrypster
Bitcoin is falling, as was naturally expected...The current fall of bitcoin is natural motion at this time. strange would be if we watched a high and the price back to 15k. We are still in a long term downtrend. In my perception, we live the second big fall of bitcoin, which is still just a baby. however, the macro movement is bullish and remains an excellent long-term investment, something for life. Maybe bitcoin will still reach 5500; if it does, it's worth selling some patrimonied to buy it. Thanks ! (((*))) Shaman
BITFINEX:BTCUSDLong
by gabaonogueira
Bitcoin gaining power to push downAfter the shorts (Futures+Options) have been stopped out, its time to continue the down move as the way is neat, paved, and clear. BTCUSD on Bitstamp was used as it contain most history. A logarithmic scale is used to make trend lines work correctly a 3 Days candle was use to construct the chart the big move yesterday was just made to hit levered shorts and to test the broken up trend from below.. I think the destination is between $5000 and 2000, most likely $3000... +- 20% on both edges...
BITSTAMP:BTCUSDShort
by anas_algo
ACB Long ATM StraddleCannabis stocks have the possibility to move a lot in a short period of time, as regulatory changes on whims have huge impact on the market size to which Cannabis companies can sell their products. Although our stance is that the cannabis industry is likely to become even more volatile as more regulatory developments and sector-wide shake-outs leave only the leading firms, the reason we are particularly interested in the ACB long straddle is because of the low IVR. We are entering into a near-the-money straddle on $ACB by longing the July calls and puts with a strike of $7.50, for a $.70 debit. The breakevens are below 6.80 and above 8.20. As a long straddle, the maximum loss occurs if the stock price S is at the strike k of 7.50 at maturity in July. Taking long positions on both of these options is very cheap because the implied volatility is subdued -- with an Implied Volatility Rank of 4.3. Also, Aurora in particular has not joined big partnerships, contrasting the alignments with Canopy Growth ($CGC) and Constellation Brands ($STZ), Cronos Group ($CRON) and Altria ($MO), Tilray ($TLRY) with Anheuser-Busch InBev (BUD) and Novatris ($NVS), and HEXO($HEXO) with Molson Coors ($TAP). Announcement of any partnership, which is likely as billionaire private equity specialist Nelson Peltz recently joined with the intent to line up possible partners, would have a huge impact on the stock price. In January, Aurora Chief Corporate Officer Cam Battley told Business Insider that he would be looking to release “hemp-derived CBD strategy” into the U.S. market in the “next few months” in January. Five months later, we still don’t know what the surprise is. It could come within the next few months.
A
by LaurenTrading
BTC is TRENDING - Look for this movementHey everyone, Hope everyone had a great weekend! It looks like BTC is getting some great support to start off this week. The coin bounced off of the support created in the last week around 4950, and was able to rally to a new trend above the .5 fib level today (after the big fall a few days ago). We are looking for the coin to find support at the .5 fib level, and push through to the .236 level. The RSI has a stead trend without bearish divergence, giving us a little confidence in the pattern. Bear volume is stable, not showing too much gusto into the forming pattern. I would put a conservative long with a tight stop at the moment. For you swing/day traders out there, nothing is screaming "SHORT" right now to me, and the coin should trend some given the current conditions. I would put a stop loss right at the $5029 price point, with a long aiming for around $5340. After the $5340, point is met, we might be looking to play the breakout pattern - but I'll have another post explaining how we will do that later this week. Again, volume is king in this market, look for some consolidation in the coming periods around the .5 fib level, with the intention of playing the next higher high in a long position. The volume should compliment the pattern, so we want to see INCREASING BULL VOLUME and DECREASEING/STABLE BEAR VOLUME What do y'all think? Is BTC going to moon? -Block
BITFINEX:BTCUSDLong
by block21e8
MRK needs to find support - what to look forHey everyone, Moving away from the typical crypto posts today. We are checking out MRK. This stock has seen some hefty losses in the past few days, pushing the RSI into a oversold area The increasing bear volume has not been supportive, and the price is breaking past the .382 fib level. The stock is looking to find support, but the last few days have not shown any. Before entering into this long position, we need to see some consolidation on price and bullish movement. Increasing bear volume after a week of losses is also not supportive of increasing price levels. The RSI will need to cool off towards the 40-45 range before we can see some bullish movement. After consolidation, wait for price to retreat to a newly made bullish fib level, signaling a new trend. Once a new high is made, it opens the stock up to a head and shoulders pattern, pointing south again. We would need to see bullish divergence either from volume or from the RSI to bring price higher after this. As is, we are in a bear movement that could pose a falling knife until proper support forms. What do you think? Where could we support form? -Block
NYSE:MRK
by block21e8
Zcash - ZEC pattern movementDaily chart showing a formation that is happening, starting with a leg down before going back up. IMPORTANT NOTE: -There is a possibility that ZEC will be added to coinbase, which might pump the price up earlier than expected and invalidate this chart. -The BAKKT release date is also coming in decemer which will slowly start hyping the BTC price up -> which indirectly also will kickoff ZEC. (This is not financial advice, this is a volatile market where anything can happen)
by FUDDER
2