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Market sentiment quickly changing, Litecoin will LEAD the packCurrently LTC could be forming the right shoulder of a very bullish inverse head and shoulders reversal pattern. No one can predict how low the right shoulder will go but it would be an extremely bullish formation if it was a higher low than the left shoulder. A breakout from the neckline of this pattern would correlate with a breakout of the current downtrend channel that we have been trading since the last all time high. (Purple dashed line is the downtrend channel.) This formation and breakout from the very LARGE downtrend channel can really change the sentiment of the market turning bullish. If/when this breakout occurs, the move up is projected to be as big as the size of the head of the current INV H&S formation. This measured move up also correlates with a resistance point in the past that I have circled in red. The next wave down will consolidate and bounce off the top of another current resistance zone (turned support after the INV head &shoulder breakout) and consolidate forming a bull flag . Another very bullish sign is the buy and sell volume on the bottom of the screen that has more than doubled in size since the beginning of the year. A breakout of the H&S reversal pattern should also be coupled with large volume at the neckline. This whole move will take place over the next few weeks. Comments both negative and positive are welcome. Constructive criticism is what helps me learn and also grow into a stronger trader. LITELONG
COINBASE:LTCUSDLong
by litelong
2
EURCAD Back at 2016 ResistanceThe EURCAD is one to keep an eye on for potential long trades but is currently faced with a key pivot resistance that dates back to 2016. Price has been trending very well since bouncing off the daily 200SMA at the start of 2018 covering around 1200 pips in that time. Price attempted to break through the 2016 high last week but failed. We saw strong moves yesterday in FX as the CAD weakened across the board. On the EURCAD, price made a bullish move of 200 pips yesterday but has still not broken through this key resistance level. This looks bullish across the board. Monthly - Trading above the high of 2017 and above the major round number of 1.5000. Weekly - Trading above the 200SMA and the 50SMA. Daily - Trading above the 200SMA and the 50SMA. Given that we have alignment across all three timeframes and that we have a fast moving trend in progress that has a neat linear trend structure to it, this is a currency pair that should be on your watchlist. A break and close above the 2016 resistance, ideally in the form of a bull flag, will suggest a trend continuation and will offer long opportunities. We would then like to see price target the ATH at 1.9000 and further towards 2.0000. As has been a feature in FX for quite some time, patience needed for now until we get the required setup. Sublime Trading
Long
by Sublime_Trading
TRON/TRX Head and Shoulders, NOT the First Elliot Up!Hello, This is my first time posting an idea on here. I have been HODL'ing some TRX for some time now, and watching the market. I have been seeing a lot of Technical Analysis saying that we're seeing the first Elliot wave up, and we're getting ready for the second. So much so that I thought I should say something. I have to respectfully disagree. In my opinion, the Elliot waves already occurred before and during when TRX Tron was listed on UPBIT Exchange. The pattern seen here is much more resemblant of a head and shoulders pattern. Being listed on a new exchange, of course we'll see a spike. But we'll also see a quick sellout from people just looking to cash out. People on this UPBIT Exchange, and people in general, need time to understand TRON TRX technology and the implication of Web 4.0 technology. I think we will see further fallback, down to around .00000395 BTC I think it is important to note that the 25% increase we are seeing now is a minor increase back to around 5 cents USD, which occurred just a few weeks ago. On my chart, I have formed a Support level at .00000395 BTC and a long term Resistance/Target at .00000639 BTC (1.618), as further evidenced by being at this price previously (around February 12). Be patient, but also vigilant, and you may see gains T RX will soon launch test net, and later main net, allowing its to technology stand alone and become a full fledged coin (Independent of Ethereum's blockchain). Read More about Coming Tron Events Here (Take everything you read anywhere with a grain of salt) This is not financial advice Please Express Gratitude if this was helpful, and Feel Free to give Feedback!
Long
by primroseverglade
1
Patience vs TradingPatience is a great quality in trading. Why ? Simply because it helps you not ceeding to impulsivity and it helps you decreasing mistakes. Patience in trading is similar to patience in poker. A good poker player will wait hours to get the best hand possible. He will wait for a very good pair like AA or KK instead of risking losing with weak pair like 44 or 66. Of course having AA or KK is not a guarantee of winning but you get a much higher probability to do so. In trading you face the same problematic. Sometimes the market doesn't give you anything, no info, no pattern. In this case, you should close your laptop and do something else. Really !!! The more you trade, the more you are exposed to make big mistakes. I used to make scalping for a time but I quickly realized that it was not for me. Staying all day in front of a laptop waiting for an opportunity, no, many opportunities to get 2 to 10 pips only. Some traders are very good scalpers but I am not. I am a swing and day trader. I look for 30 to 20,00 pips on each trade. You really need patience to get 1000 pips profit ! And obviously I have a dedicated account for this kind of investment. Why ? Because, after having made 100 pips, the temptation is huge to take my profit and close the trade. On this account you only have very long term trades where potential is 500 to 20,000 pips ! Patience is also a quality when you do not see any opportunity on the market. You are frustrated, you want to feel the adrenaline of trading. Calm down, stay cold. The market always gives opportunity, It will happen very soon trust me but at this moment, use this time to improve your skills, reading, learning, analysing or simply deconnecting totally from trading. Think how you feel good without the stress of a losing position when you are always looking after your smartphone to check the price. Be patient, wait for the optimal opportunity wen you can sell high and buy low. The opportunity which gives you the best risk-reward. Patience vs trading ? No ! Patience = Trading !
BITFINEX:BTCUSDEducation
by Traderscope
6
ARKUSDI stick to my guns and state "you cannot state exactly where the orice is going to go in the cryptocurrency market" but what i've have taught myself is you can create zones in which the price has a HIGH probaility of hitting. Ive learnt from successful cryto investors specifics in which I and even you can use to map out the market conditions to the best of your ability to increase your probabilities of successfully investing in crypto currencies. I drew this chart up mid january and as you can see all my levels are staying true to thier zones. The price broke the 8 & 200 EMA which is strong indication it is heading to the downside which it has. I still strongly believe the orice has some more wiggle room to the downside as the MACD downside divergence states so. I see my 2nd support level (red rectangle) being hit over the next several days. And Then we will see a massive upside surge begin to formulate itself. Aside from this price chart, ARK is one of the morning promising Crypto with a massive future ahead of it. Stay tune and enjoy this wild bumpy crypto ride!!!!
A
by DoughboyRome
6
Bitcoin Cash - The real digital currency with purpose !! BItcoin cash is the real Vision of Bitcoin " Ask how " Satoshi vision was to create global decentralized currency not an asset. As you already know that CBOE and CME already added Bitcoin to the future's market and whole trend of BTC has changed in other words " XBT has moved to big stack gaming table " and the small players can stay aside on VLTs aka cheap ALT-coin. I know you don't want to wake up with 1BTC ~= 1BCH but honestly it could happen and all I'm saying that have a 1-1 ratio without emotions. Anyways, Bitcoin cash was created with a purpose to enable merchant level payment so people can pay bills or buy stuff and that's not rocket science just like other UTXO coins. For example : Doge was created to " Tip" and that's good. Available UTXO coin in the market. - BCH - LTC - DGB - Vertcoin - DOGE
B
by fk91
Prognosis BTCEUR end of JanuaryLet's start with a disclaimer: I'm not an expert and only started looking into cryptoforex a week ago. So use this idea at your own risk ;-) The idea is not all mine. In fact, I've heavily adopted this idea from another user here, named TAS (his idea here: ), pretty much copying his equilibrium and discount price levels. Yet I strongly believe in a long term market trend (see also the latest advice given by Goldbug1 here: ) and thus incorporated the general uprise of BTC in this chart as well (the yellow diagonal surface), assuming the market price will eventually stabalise around that center line once again. With such a volatile market and uncertainty, I enjoy the feeling of looking a bit further ahead and making my trades with my horizon a little bit further up the road. Just like when skiing moguls, looking further ahead makes the bumps look smaller. Curious to see what happens, BTC seems to dictate heavily the other coins like ETH and LTC as well. We'll see. Happy trading.
by sjeupie
3
DGB USD - slow and steady wins the raceThe Chart is logarithmic not linear. Basically a long term investment opportunity. HODL This trade is only valid for the long term investors with strong patience. The bearish trend is almost turning into bullish but a slow burner ;) DGB had a long bearish trend because of so many weak hands and charts doesn't show any day traders swing but recently there's an accumulation of the coin is going for the long term investor or who knows whale or DGB team buying back anything less than 0.08. The day trader will jump once coin reach target of $0.025 and public jump will be seen after the all time high which will boost the price upto 0.20 cents or maybe more if the BTC value of $14,000 above. There's a new era starting for the Crypto with BTC as the market stability digital asset with combination of trading coins and some other Digital asset. Market cap is growing with the 10x logarithmic, which is clear to see a 500+ billion of market cap very soon. Note: Only long term investor with rock solid patience . Trade will open once it reaches all time high of $0.06 cents. Please don't refer to timeline for your target as crypto is volatile market, anything can happen in a minute. In case someone wants to get pumped, read the article just be realistic. steemit.com
BITTREX:DGBUSDLong
by fk91
GBPJPYNovember 5th-10th outlook: Where can this go after last weeks Rate hike 25%? Looking at past technicals on the Line chart. There shows to be many Head & Shoulder formations (dating back to 12/16) Possible Outlook: 1. Price remains under the 150 handle. Seems to be major resistance. 2.The week after NFP/Rate Hike seems to be choppy. So ill wait till midweek. 3. Preferably I would like to see a retest of 150 or even 150.702 and short to 147.500ish area. 5. Fibbonacci levels of PRZ are 61.8 and 38.2 6. If price breaks 150 and shows a bullish attitude I will wait. 7. RED: Major News Friday (Man U cost.) 8. Bulls are NOT the play. Wait it out. Real move may happen next week. 11/13 9. Look for Candlestick formation/TL etc for confirmation 10. Look for Impulse leg to form and trade it Overall Bias: Short
by BlueNoteFx
BTCUSD more for the short, but still uncertainGood evening. However, it is in my area only i guess, so just greetings! As i said yesterday, the situation about bitcoin became a bit clearer, but still any outcome is possible and i`ll explain my idea. Chart shows us very good devirsion, that became the starting point for the big movements several times in the past. BUT, the situation is very interesting: we are coming to the strong resistances at 4150(black line) and 4300 (fibo), that can set the reversal movement. However, getting to 4300 can knock out short orders, and there is quite a lot of them, so they will be a fuel for the rocket. To be honest, i see some similarity with the situation in june 2017 , but i dont think we gonna get new highs without rest in this case. And one more detail that makes difference between that time and now is the stronger signs of devirsion. Synopsis: TA talks for the short. FA has some issues. I read the book right now, and the author sais there something like this: "If you dont know what happens further and dont know what to do, then you are not ready to be trader" I dont agree with that, because expectation is certainly not the inactivity. Inactivity is close to the concept of indifference. And we are not indifferent, we are interested in decreasing our losses and increasing our profits. Be patient and you will certainly succed! P.S . Ivan Guskov is my real name. Im from Russia and im a student of a medical university. I got into crypto trading few months ago with the hype wave about Bitcoin . I tried my best to optimize all my resources to get some good results in TA and FA in the shortest time, and im going to learn more details to make my predictions accuracy near 90%, i believe it is possible. Also im going to publish intraday predictions soon. And i have a favor to ask: if my predictions help you in some way, please help me with any donation. My finansial statement doesnt allow me to start trading and have any profits. So i`d like to save up 500$ to make a deposit and buy tradingview pro pack. btc wallet 3Kf42NKeG7YLCJtxBGmEN79JWyyBdfqeAM. I`ll close the donation recieving after obtaining 500$ with report and screenshots. Thank you for attention.
BITFINEX:BTCUSD
by IvanGuskov