Looking at the Zcash charts, one can see the magnitude of a properly implemented privacy coin: Zcash is clearly edging up higher and higer as people are either remembering or realizing that privacy coins are very important as a hedge. Nobody wants their portfolio to be caught in a trap caused by government regulations and privacy coins help prevent this. Zcash is...
Here is my take on breakout targets for both Bitcoins. A couple of things to consider: BCH is stronger now, so if you're going long, consider BCHBTC for more gains. The pattern is BCH is of greater quality, looks more safe, whereas a downside breakout in BTC may lead into the pattern's broadening. Be sure to apply aggressive money management when working...
Nothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave...
In the previous idea I laid out a plan to go short below 7320 key level. The price didn't go down that much and nothing was triggered. Now ought to consider both the bullish and the bearish scenarios and apply the breakout strategy. The Bull is activated on break of the 7700 crucial resistance. In this case impulse extension is quite probable. Bitcoin Cash setup...
The market takes no particular interest in trading these days: the volume is very low, volatility - non-existent. No wonder nothing has happened since the previous update. Still, this anemic price behaviour suggests that the bottom might not have formed yet. There are a couple of technical bearish considerations: The price failed to break resistance of the...
Not much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels: 7500 is the key point of control 7320 is the right shoulder level. If the price breaks below, the H&S pattern is...
In the previous idea I presented the H&S bottom scenario. It's been working out nicely so far: At this point the price has broken out from the descending channel. Many Inv H&S patterns are present on altcoins' chart. Volatility remains extremely low, which suggests that big plays are yet to come. If the price retraces below 7200, I will turn bearish again.
Inverse H&S pattern is emerging on Bitcoin chart. To my mind, this is the most probable bullish scenario. 7100 is the invalidation level.
Stellar has taken quite a beating since its Bitfinex debut. Now, as Bitcoin has entered into big support area, I percieve this top-10 currency as a bargain. There is a large Falling Wedge pattern accompanied by bullish divergence and record low volatility reading. 40%+ growth potential is no joke, so let's consider grabbing some XLMs.
In the previous idea we identified a bullish fractal - price behaviour identical to early April. Today the price broke from the channel confirming the setup. From the trading perspective, I was lucky to indentify optimal buy points on a pullback: Currently, there are two target zones for buyers, drawn on the chart. Oscillators and moving averages have confirmed...
In the previous idea we defined the breakout from the wedge as a trigger for going long. It worked out nicely pulling the price from 71xx to 7560: Now that the price reached the channel resistance, we wonder if the bottom was indeed formed. To confirm this I would like to see the break of the channel (7670 area). This setup is very similar to early April days....
In the previous idea we defined the current reversal zone as 6950-7100. Overnight the price dropped to 7040, triggering some limit orders: I still expect the bottom to be formed in the next couple of days. There a couple of technical readings to consider: Key Support Area Bullish Divergence (RSI, MACD) Falling Wedge pattern Volatility Squeeze Pattern....
In the previous idea we had cast a near-perfect 'Bear Play' with price dropping from 8290 to 7200: I expect the bottom to form in the next couple of days. The current reversal zone is 6950-7100. Of course, we cannot rule out a price squeeze, so I will also place an alternative buy order at 6620.
Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area ( main scenario ) or just above 9000. I will update the chart as soon as there is a reversal signal.
Price has been coiling last night forming a Triangle pattern. The bullish breakout is quite possible, and we're setting up long positions just above resistance zone, aiming at 16 300 - 16 400.
Ether has more room for growth towards $900+. Bullish scenario is negated below $740.
Previously, we projected growth towards $17 700 - $18 000 as part of final 5th wave of the impulse. At the same time, the chart contained an ambiguous segment, and so there were two options for adding new positions: Currently, yet another ATH is quite possible. I re-labeled the waves and put new labels on the chart. So $17 730 - $18075 remains the target zone. ...
The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern, with 20-25% growth potential. It could make more - that's the nearest target. Risks If price drops below 4.10, the idea is no longer viable...