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Weekly Predictions (Feb 4 - 8)- Double confirmation on RSI and Stochastic Oscillator that pair is overbought. Therefore pair might go in a bit of consolidation or an a downwards trends - Shooting Star Candlestick (long upper shadow, short lower body) formed at the peak of the chart followed by a small bearish candlestick indicate that pair may go on a downwards trend rather than consolidation. Although the weakness of the bearish candlestick adds some doubt - Daily saying SHORT
FOREXCOM:XAUUSD
by Naomi293
EOY 2019 $XRP PredictionHi friends! Welcome to this 589 dollar $XRP analysis Just recently, Top author @jacobcanfield has launched yearend PREDICTION CONTEST on Ripple here on tradingview. He is offering up 5,000 XRP for grabs to whoever gets the closest to the price of Ripple in USD on 12/31/2019 at 11:59pm EST. Before going to my prediction entry allow me first to state some $XRP facts. 1) Ripple's history date's back to 2004 , way before Bitcoin's Genesis Block when RYAN FUGGER was able to developed an idea of a peer to peer digital currency called RipplePay although it went live only in 2012. 2) XRP skyrocketed 36,000% to become the world’s best-performing digital asset in 2017. 3) XRP is currently 7X its current price from it's all time high. 4) If you think China is the biggest Army in the world, think again. We've seen so much hype on cryptotwitter touting $xrp to reach 589 dollars in 2019, If you think this is crazy, my guess is you haven't realized what the $XRP army is capable of. Bitcoin had been touted to reach 8K in 2017 and people would have thought you were crazy to believe such prediction but $BTC surprised everyone with a 19K yearender all time high. My prediction is that $XRP will exceed expectations of the $XRP Army. I think it can go beyond 589 dollars. I believe it can reach 824 dollars by year end 2019, around 223,372.00% of its current price. I seriously welcome feed backs! Thanks This is not a guide, and definitely not a trading advise. If you take this idea seriously, you seriously need some help. Hit like and follow for more chart updates! -Your Poop Trader
BITFINEX:XRPUSDLong
by PoopTrader
23
Nose of plane has ended it's descend. Consistent altitude now.Our pilot was able to end Bitcoin's rapid descent into oblivion. She has leveled out now. Altitude is consistently stable. About to ascend once again. This time more feasibly doable. Steady now girl. Steady. Thanks to all who remained aboard and have help our pilot right this plane. Now enjoy your ride. It won't be fast. It may not be exciting. But we'll get there eventually. Safe and sound. Happy holding my crypto friends.
BITSTAMP:BTCUSDLong
by stewdamus
More fake news to manipulate BTC priceBelow is a direct copy of a statement released earlier today, and it is no more true than Mike Novogratz' prediction that BTC would be approaching 20 k right about now. Inexperienced investors are all too often spooked by such statements, the man who said this knows this to be true, and wants it to happen , so he can buy in at 2k. Don't lose your money to naked manipulation. One day it is a hedge against a growing sentiment of fear - a safe haven in the fear mongering storm to come, the next?? Read this bit of fake news with a grain of salt: "What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent. CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook. While chart-watchers often treat bear markets as beginning as soon as an asset dips below its cyclical peak, Hayes said that a better strategy may be to mark the beginning of the bear market as the date at which the bitcoin price falls below its 200-day moving average (DMA). By this metric, bitcoin entered bearish territory on March 12 when it was priced at $9,152 and has only seen a 37 percent decline since dropping below the 200 DMA. bitcoin price bear markets Source: BitMEX Given that past bear markets have seen bitcoin break much further below its 200 DMA, he argued that it’s likely we still have a long way to go before the bears finish twisting the knife, potentially dropping BTC as low as $2,000 before the bulls regain their footing. “How low can we go?” he asked. “A 75% fall from $9,152 takes us close to $2,000. $2,000 to $3,000 is my new sweet spot but don’t tell Michelle Lee just yet.” Hayes also cited the decline in bitcoin volatility as justification for his bearish outlook, taking a different tack from Fundstrat founder Tom Lee, who said that he was “pleasantly surprised” to see the decline in volatility given conditions in the broader equities markets."
BITSTAMP:BTCUSD
by Cryptocautious
2
Gbpusd technical analysis Monday 22OctGbpusd on last Wednesday has already broken the small support line (red break line) at 1.3146. This has led the market to fall towards the first support of 1.3013 If the market manages to break the first support line, it is likely to reach the second support line at 1.2929. If the market shifts to the north instead the analysis is void. The second resistance can be seen at the point 1.3222 after the break support line acts as the first hurdle in the 1.3146 line.
Short
by Cayen
Important week on the Bloomberg Galaxy Crypto IndexI like to use the Bloomberg Galaxy Crypto Index (BGCI) to get an overall View on where the Crypto Market is heading in general. If you aren't familiar with this index, please visit: data.bloomberglp.com Please take the time to follow Cryptorae on Twitter if you like this chart :-) TradingView chartsetup: Credit @Cryptorae on Twitter This week is really important for the cryptomarket in general - Bitcoin volatility is down to a minimum and everybody is keeping their breath - hopefully we will get a major move upwards - but as always in Crypto: Be prepared for the worst!
BITFINEX:BTCUSD
by TraderR00kie
2
1st Critical look on a June Bull run and a July correction#poe This is a very important chart to look at. A couple things we need to observe fairly quickly. We can see that the 4hr compared to other coins have been fairly level on the RSI and has not yet hit any BIG bumps. So either there are strong selling pressures or most people buying the coin are hodlers. ONE VERY VERY critical path we need to see on is the daily charts. We have hit the current support level of 380 Satoshi. We can expect the 1st rise towards our T1 target of 425 to be at minimum 10-15% ROI from our current positions as the MACD looks to come up to the median trend line. Our T2 target can be a bit higher and more aggressive but i would like for us to hit T1 first before making any longer assumptions. I am cautiously entering this market as the bulls can fake us out with so many TA's and articles calling for a 6/6 rise on BTC (my personal analysis stating the same conclusion). The goal of this trade analysis is for me to continue drawing a development on POE and studying the market patterns of what will make it successful. If the T1 targets hit I will share my T2 targets moving forward. Trying to see market patterns and psychology in this one. I do have a lot of optimism for this coin and can expect anywhere between 20-60% ROI within the coming month. So positioning a LONG TREND buy is not a bad idea here. However again....to build on my long term btc idea any trades i am playing at the moment will only be played out until the 1st week of july and i plan on liquidating all of my positions into fiat.
PLong
by regalia
5
Some pullback on BTC in the coming week(s). Then all systems go!Well, in my last post I had identified a H&S that we were watching to see if it played out. It did not. Bears failed to break the neckline. Failed H&S patterns tend to reverse bullishly very quickly. That it did. What now? Well, if you're a bull, waiting patiently to get in before we rocket off, you may have one more chance. If you're a bear, I am finding it harder and harder to observe many significant bearish indicators. What I have noted here on this chart is that BTC is currently engulfed in to not one, but two, bearish ascending wedges. These are to be distinguished from ascending triangles, which are very bullish. Ascending triangles have a horizontal top. Ascending wedges, which are bearish, have an ascending top. I am expecting that we might go a bit higher within each one of these wedges, but that withing the next coming week or weeks, we will break down. If we fall out of these ascending wedges, it is still possible that we travel down to the 7.5-8k range which I predicted in my previous post if the H&S pattern were to play out. Two more indicators that we are not fully bullish include: a failure to break 54 on the weekly RSI AND, on the weekly chart, we still have not completely conquered the BLUE descending trendline. I'm not one to tell others how to spend their cash reserves but IMO, it's seems likely a better price could be offered to buyers in the next coming week or so. Try to ward off that FOMO. Hold tight. And wait for your best buying opportunities. I know this is hard, especially sensing that we are very near the end of the bear market and then all signs are GO. So, I don't blame you if you do buy here. I'm just suggesting that you might find a better price in the near term coming days. Peace and happy trades all!
BITSTAMP:BTCUSDLong
by stewdamus
2