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Neutralposition

IOTA: A Story of Weak Gen 1I do not believe in IOTA's coin as having speculative value in the long run. However, they have an interesting cryptographic protocol. The chart contains my explanation as to how some alt coins like IOTA are affected by a weak Bitcoin, which in my opinion is the sole reason as to why IOTA has seen a price increase as of late. I may be wrong and I probably am on this one, but this chart was a favor for a new friend. I appreciate your commentary and insight. May God and the tidings of universal consciousness bless you all. For more of an explanation on how the chart was made, here is a link to a Google Docs PNG (picture) file with written explanation : drive.google.com
by SgtOuiOui
Observations of VTCThe 50 EMA acts like support, plus the support trend lines. The 20 EMA needs to stay above the 50 EMA for VTC to stay bullish. There is a bullish divergence, which signals VTC will go up. I think it will hit the support line one more time before going to test resistance again. However, one indicator doesn't make the market, so the other options are: falling through support and acting out option 3. Option 2 is the bounce off the current support line. Option 1 is straight to the resistance line. Option 1 is also likely due to the double bottom it recently had. However, the last big red candle seems an indication that the bears hadn't had their fill yet.
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by Woolhead
BTC Bearish or Bullish? +24 Hours LaterBITFINEX:BTCUSD Everywhere online over the past few days I've read and heard of a number of opinions from people, either bullish or bearish. Short this or go long on that. Personally, based on my past predictions you'll notice that I focused on staying neutral for good reason. A short position 24 hours ago may have very well been a good opportunity and I'm sure the few people who rode that section of the wave enjoyed nice profits between then and now. Hope you got off before it turned around though. My sentiment at the moment is that the current market volatility is too 'extreme' for me to jump in on new positions. I say this because over the past couple of weeks there has been quite a bit of government regulation, especially in China which caused a big change in the market dynamic and leading exchanges globally. Let's not forget about the FUD from financial titans but I'm not here to propagate their agenda. Right now according to Coinmarketcap, Bithumb is leading in market trade volume making South Korea the leading "crypto exchange hub" at the moment. Also, I rarely expand my trading portfolio based on feelings or impulse unless there was a significant change in market dynamic that I'd missed prior to securing positions for the long term. That being said, the chart listed above shows that yesterday's price change between $4000 and $3600 shows us that the market was mostly bearish. The break below the 0.618 retracement level indicated a significant downturn and I'll be monitoring the charts as the next support level develops around the 0.5 retracement level. The last correction support level is what I would expect to be the most extreme price correction before a significant price turnaround. indicates a potential correction to find support at 0.5 retracement before turnaround to . Any significant change in price will call for an updated prediction on my part. The price also broke below the moving average and is holding steady at , we'll be watching that for future predictions. Please note that my views are not to be considered trading advice or knowledge. My thoughts on this matter are exactly that, thoughts. I will not be held liable for losses on your part after your decision to follow what I have mentioned here. That being said, Thank you for reading my perspective. Leave your thoughts below.
BITSTAMP:BTCUSD
by doomnometron
NZD/USD tries to reach 0.7310Daily outlook - NZD/USD tries to reach 0.7310 The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310. At the moment, it still has not reached the target even with the help from a release of information on the US CPI. On the other hand, such slow movement is in line with the general market sentiment, which is only 55% bearish, as well as with the summary of various technical indicators, which projected horizontal movement. It is quite possible that the pair will manage to bypass the above-mentioned resistance and jump towards the 100-hour SMA near 0.7319. If the surge will be stopped at this points, that would be a final evidence of existence of a falling wedge.
by UnknownUnicorn890690
Thoughts on Crude Oil Brent I haven't been too involved with Crude Oil, mainly because as I saw the trend moving up, I didn't enter when I wanted, and the last thing I wanted to do was chase a rally. So, I stood on the sidelines observing, see what my hypothetical entries and stops would've done. Looking at it now, I see a longer term wedge pattern forming in the weekly charts. Now, when I go into the daily charts, I see Crude Oil falling towards its 50 MA. If it bounces off of this average, I am looking then at the resistance price line of 56.89. If It can break through that resistance line, we might have enough momentum to break up higher. Another reason for this would be the short positions would probably put their stop losses right at that level, creating a virtual short squeeze zone right above support. However, the reverse would be true in theory for the long side of the trade, with most people putting their stop losses right below that 50 MA. Either way, it'll be interesting to see how this plays out. Trying to work more on investors psychology through the TA in charts. All the best, RC
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by BrandonBeylo