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LTCBTC Sellers in control| Technical Confluences| S/R FlipEvening Traders! Today’s Technical Analysis will focus on LTCBTC which is testing a key trade location with multiple technical confluences. Points to consider, - Sellers in control - Key trade location being tested - Local support next viable target - RSI neutral - Stochastics in lower regions - Volume climax nodes LTC breached key technical structural support (now resistance) confirming that sellers have gained control. LTC is currently testing a key trade location with multiple confluences, the .50 Fibonacci, the 21 Week MA and the Point of Control. It’s viable to say that LTC is more probable to test local support due to heavy resistance; this will put in a lower high. The RSI broke out of its wedge; this was in confluence with the oversold bounce, now is currently neutral. The stochastics on the other hand is trading in the upper regions; it has lots of stored momentum to the downside. There has been a clear volume climax however with lack of bull volume follow through. This indicates absence of bull pressure, putting more emphasis on testing lower lows. Overall, in my opinion, LTC is likely to test lower regions; this is due to heavy technical confluence at the current trade location which is also in direct proportion with the bearish sentiment. What are your thoughts? Please leave a like and comment, And remember, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Short
by AzizKhanZamani
2
ETH- Pullback or march toward the NEXT MAJOR RESISTANCE LVLHello everyone! BTC dominace lvl has gone down a little and, we start to see more trading volume flow into retail's favorite crypro exchange coinbase as its trading volume increased 50% recently. Retail money is what makes the uptrend move sustainable! VPVR looks bullish as the price pierced through VA and both long term and short-term POC with long term trend line acting a strong support below. However, ETH is currently facing long term fib resistance (32.8) and previous support lvl . Furthermore, many indicators indicate the overextended status ( bollinger & ichi) and oversold status hovering around 75-80 on both daily and weekly timeframe In terms of magnitude, 8 straight weekly green candles is probably overheating. Next major resistance lvl is around 360. Buy on the dip within the buyzone if the price pullbacks. Please like and follow me if you find my analysis useful. Much appreciated!
by Libratus
Increased Volume Suggests a Whale is Accumulating EnigmaAs bitcoin formed a pinbar that might and likely will lead to small pullback, it is a good opportunity to buy trade an alt against btc. Enigma is dancing close to its point of control. Even though there is a multiple rejection pattern, the increased volume suggests, it is only a big guy accumulating this coin. I am already in and I expect to collect profits on the second target or higher. I will be rating all my published analysis in 2020 transparently. This one is going to be considered successful if the price hits its second target with an ROI of 1:3.2 Good luck!
ELong
by OrcChieftain
Structural Resistance|Market Structure Change|Volume Increase Hello Traders! Welcome to another update, Today’s chart will be on LTCBTC which has broken key levels negating the market structure. LTC is probable to reach higher levels before a bullish confirmation of the POC. Points to consider, - Trend change in fruition - Major resistance broken - EMA’s holding price - Stochastics in upper regions - RSI hitting resistance - Volume increase - POC bullish retest LTCBTC trend change is coming to fruition as a new higher high is being established from local lows. Major resistance has been broken, a much staunched level that was confirmed with a bullish re-test. EMA’s holding price as support must hold true for a continued bullish bias upon retests of key levels. RSI is trading at resistance; a return to neutral territory is probable in the near future. Volume has increased visibly, confirming breaks of key structural levels; LTCBTC needs to sustain such volume for continuation in trend. Overall, in my opinion, LTCBTC has clear levels to watch and break. A retest of the POC will be healthy as it will cool of indicators such as the RSI and Stochastics before another leg up. What are your thoughts? Please leave a like and comment, And remember, “You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.” ― Yvan Byeajee,
Long
by AzizKhanZamani
XEM/BTC - 625 sats Hey everyone! Consolidation leads to? Here is a great example where the price just seems to be getting that last fuel before moving up. The RRR (Risk-Reward-Ratio) of this setup is considerably high, so the probability of failure becomes greater. Nevertheless, a worthy look as you can always chose to downsize your risk. Lastly, not how the POC (Point of Control) is acting very clearly as resistance. Now we just need to break it :) Take care, Vlad The Crypto Trader
XLong
by Be_Independent_Tribe
Come dowwwn BABABABA has been in a clear uptrend with a series of higher highs and higher lows but there are signs that it needs to correct to the downside short term- 177 is a reasonable target. We see from the graph several signs; price is above the point of control (red line on the volume profile, sufficient Fibonacci extensions from the most recent impulse wave have been met (the 1.618 can be used as a stop for any shorts), MFI is at a very high reading (unprecedented in the last 6 months), and the stock is currently just over 2 ATR (4.53 x 2 = 9.06) away from the mean where the mean is defined as the middle of the Keltner channel. Based on a .618 retracement of the most impulse wave up, the POC, and the mid line of the Keltner channel there is a high probability that 177 will hit. Furthermore there seems ot be a clear indication that the stock is under distribution by institutional investors per the Accum/ Dist line which is showing clear divergences with respect to price, this is shown in to separate ways on the graph. As always no matter how sure one is of a stock going in any given direction there is always a double digit chance it will not. Should you short please have a stop in place and/ or wait for 2 - 3 consecutive trading days with no new high made. Please ask any questions
NYSE:BABAShort
by TNasr
Bitcoin Analysis on the WeeklyGood evening traders! Bitcoin is bouncing off of $7,700 support on the weekly, holding strong so far. Interestingly, starting in August, Bitcoin is following an odd green, red, red, red pattern weekly. So far, we appear to be in a green candle. Not that I can say I have firm reason to believe this will continue, but I would be skeptical of any red candle closes below $7,700. If I were in Bitcoin, my stops would be set up to protect the huge gap between $5,253.74 and $7,700. $10,148.51 is the next High Volume Node going in the opposite direction. It is noteworthy that as we zoom out on this chart, there is a more historic high volume node at the $6,400, which may provide support. These figures may seem far fetched, but we've seen some huge price moves in August and September, only time will tell if Bitcoin continues to bounce. Keep an eye out for my daily and 4h charts for some short term fun! I'll link in the comments. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational reasons only. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
Volume Profile + Supply & Demand + Gann = Predictions (???)Same strategy and concept as the previous post, but in a Daily chart. Based on Volume Profile from 6 months behind I've found Supply & Demand Areas, where Big Banks and Hedge Funds "build" their prices, I've highlighted those areas (in orange) and plotted the Gann Fan. Now I'm just waiting for the New Zealand Dollar / U.S. Dollar to come back and reach the price around 0.64839 to "short." A LOT of pressure down will occur around the area 0.64839 and 0.65732! As I said before it's a strong area and that the big institutions don't forget!
Short
by Gottmann
1
Interesting FIB / VPVR POC confluence on ETHUSD may suggest down When setting the fib at the breakout point and top of the recent bull move, we see price has fully retraced, finding support at the fib 1. However, price is also attracted to the Volume profile point of control ( POC ). Which also just happens to align perfectly with the FIb 1.272 level. it will be interesting to see where price goes should it fall below this lever. I will be watching for the POC and FIB 1.272 level.
COINBASE:ETHUSD
by versionControl
ETH/USD: Breakout is coming - Accumulation endedIf you like my work feel free to leave a like and follow not to miss any trade. We successfully fulfilled 12.5R with ETH/USD last night and caught BTC/USD at 10.4k a few days ago. BTC/USD has proven within the last 24 hours that a set of clear highs and higher lows indicates strong willingness to break out and aim for liquidity pools. As POC from yearly-high clearly shows, high-volume positions have been accumulated within our highs-higherlows set. Therefore I‘m targeting for $269 - $288 in the short run and leaving my long from $219 opened.
GEMINI:ETHUSDLong
by CleanTrades
1
USDCAD - Point of control of the Year 2018 We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019. After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262... 50 % moved up is so near to the Point of control of the year 2018.... So there is a lot of confirmation for the trend reversal... 1. ABCD GARTLEY 2. POC OF THE YEAR 2018 ( Volume cluster ) 3. STRONG UPTREND in 2018 Happy trading Dale
by Trader_Dale
5
Bitcoin is just BALANCING! No Reversal is ahead!Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones! Based on profiles from week 25 to week 27 of 2019, we've had an aggressive buying by short term traders which is very evident in week 25. In week 26, we got an excess high due to high liquidation by these day timeframe traders as approaching heavy resistance around $14000 level. During week 27, very short-term traders started to buy the dips and this pushed the prices higher. However, since this bounce occurred by weaker hand money, as it is evident by "poor low", it was unable to reach previous high at $14000. Note that the auction to the downside is NOT COMPLETE due to lack of a good base for this bounce!!! I expect the current week bitcoin liquidation will continue to the prominent POC of week 25 where a major support by longer term holders is laying at around $9100. Go long there if you witness a solid strong base. The targets are previous high at @13800 and (if conviction is strong) $16800.
BITSTAMP:BTCUSDLong
by HamidN