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Nixtrading

Bitcoin (BTC): Correction LevelsThe previous update: The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open The price did hit the box, and then retraced sharply. Given the clear bearish divergence pattern on H4 and Daily charts, I expect the correction to continue to the specified targets zones. But before the price is likely to test the resistance zone in the 9600 area. So, we are presented with two trading opportunities.
BITFINEX:BTCUSD
by Nickonomics
25
Bitcoin (BTC): Triangle DevelopmentBitcoin followed the script yesterday rising to Wave D target zone near 9300: Wave Pattern At the moment Wave D top has either been formed, or is close to completion within 9400 range . So, I suggest buying the dip in the 9000-9050 zone (projected Wave E bottom). Trend & Volatility Trend indicators are clearly in flat mode. Volatility pattern is very similar to the period of April 21-23, when another Triangle was forming. I appreciate your support and likes. Remember: trading is easy with eyes closed.
BITFINEX:BTCUSD
by Nickonomics
27
Bitcoin (BTC): Wave Pattern & Key LevelsAfter many days of rangebound activity, the wave pattern has been clarified: we are dealing with a Triangle. In the previous update, I identified the break from a Diagonal triangle ( in fact, this is a simple wave C ), which of course is a clear bullish signal: Currently, the price is heading towards wave d target zone near 9300. Volatility has been steadily declining for the past two days, and this is another bullish indication. I appreciate your support and likes. Remember: trading is easy with eyes closed.
BITFINEX:BTCUSDLong
by Nickonomics
12
Altcoins update: EOS, DashAssuming Bitcoin completes the Triangle and breaks out, we have a couple of lucrative setups in alts. According to NewsBTC, EOS's market valuation has surpassed that of SpaceX, which means this rocket flies higher. Indeed, its recent surge is terrific, and I'm looking for new trading opportunities here. Inverse H&S pattern is developing, so we have a buy zone around 17.50 ( buy the dip strategy ) and the neckline zone @19.40 ( Breakout strategy ). The latter is safer to trade. I'm also considering going long Dash, as a clear Triangle pattern is nearing completion:
BITFINEX:EOSUSDLong
by Nickonomics
Bitcoin (BTC): Triangle vs. ZigzagIn the previous idea I wrote that I'm willing to take short position only if price breaks out of the channel. It did break when H&S developed, and the setup allowed to take intraday profit. Currently, the wave pattern remains unclear. Two most probable scenarios are presented on the chart. The first implies the development of bullish Triangle. The trigger for its activation is set for 9375. The second scenario is bearish and suggests that price is going to slide below 8300 as part of Zigzag pattern. The probabilities are more or less equal, so stay tuned for my updates on trading opportunities.
BITFINEX:BTCUSD
by Nickonomics
34
Bitcoin (BTC): Bullish FractalFrom the standpoint of technical indicators, the trend is clearly bullish (MAs, RSI). So, I'm willing to take short position only if price breaks out of the channel. I would like to pay your attention to this fractal: The only difference between these two is that they developed on different stages of the trend: the first pattern initiated the bullish trend, and the second may add fuel to it. Currently, the wave pattern is unclear, so I will wait to assess price's interaction with the 'Decision Zone' or the channel.
BITFINEX:BTCUSD
by Nickonomics
24
Bitcoin (BTC): Hunting For The TopYesterday we didn't expect Bitcoin to go much higher than 9350-9500 ("reversal zone"). The trigger for going short was placed at 9015. Price has indeed stuck in this range without triggering any action. Currently there is no confirmation that a top has been formed as a break above 9550 will suggest higher prices. Still, I'm moving the intraday sell stop order to 9250 area. P.S.: A nice and smooth reversal did take place in altcoins. Yesterday's Ripple setup: And the result:
BITFINEX:BTCUSD
by Nickonomics
16