Projection
Is Stellar Lumens coiling up for a mars mission ?This is a quick analysis on stellar using support , trend lines and volume . I know very little about this coin and what it's purpose is . This is purely a technical trade with the bare minimum . Do not use your houseboat as equity or you may be homeless and riverless : ) ...
Support area looks particularly strong and the price looks like it is itching to break the upper trend line , but with lack of volume and the current sleeping bulls and uninterested bears it may need some egging on and that may come with a bit of fireworks from the bigger BTC bulls.... Let's see what happens. .....
Post Mortem Analysis and SR Observation for XRP 4 HOURXRP 4 HOUR - Post Mortem Analysis and SR Observation
I'd venture to say that presently, XRP has broken out of both the macro and micro Falling Wedges...
Currently it's trying to confirm a breakout from the iH&S below, which followed the Wedges. And price is just over 3% from some major resistance...
So for those who are just now paying attention; MYSELF INCLUDED;
XRP has presented 3 tiers of Breakout opportunities or long entries over the last 3 Days and 4 HOURS...
Post Mortem TA is sometimes fun, and sometimes not when you realize blatant opportunities missed. LOL!
Those would've been good plays, but I'm not doing margin trading while trying to catch up. I enjoy the challenge of random analysis to see how quickly I can recognize things. It feeds my future self. LOL!!
So for anyone who hasn't yet gotten into an XRP "margin" trade position; I would recommend analyzing surrounding SR, possibly waiting until it confirms above the $.47 cent price resistance and the 4h 200 SMA , before playing a long position using any leverage at all...
You're a spot investor DCA'ing into a long term XRP position, the above should be of no concern.
Current 6 HOUR CHART PROJECTION of SUPPORT and RESISTANCE6 HOUR CHART Projection
I believe if BTC were really going to finish off shaking the smaller fish out, it would've perhaps fallen out of this falling wedge by now, but I could be wrong.
I will have to respect what the Fib is saying too, with regard to where we are right now.
Price has not been able to break back up into the Golden Pocket Fib of the last pivot. That is concerning. I'm not saying it will in fact break down, but the technicals say it may, even though falling wedges usually yield the result of breaking out and up.
But I will say that price has managed to cling just above the white dashed price line of support.
If we do fall from here on BTC, I believe we have a very strong level of support to catch us, which is the other white line below, around 40.5k, and 38.6k is the bottom of that range...
Below are some closer views along with the more zoomed out view of the mentioned areas of support and value.
Be safe out there folks!! Keep your friends close and your stop loss closer!!
- CryptDude (also known as CryptDollar outside the Discord world)
LOOM Network - High Sell PredictionsUsing a combination of technical analysis techniques with a start date of Jan. 1 2019, I have mapped out the next handful of ideal high price sell points.
Bitcoin 68 Day Fib Projection of Possibilities!! - 4 Day ChartBitcoin 68 Day Outlook
- Based on the possibility of what analysts and economists are saying may be the greatest market crash and depression of our lifetime, come March or April
- I had this chart drawn and the arrows of potential direction drawn before Bitcoin broke out above the Rising Wedge
- all of the other Trend Lines and Notations speak for themselves
Happy Trading and be safe out there!!
Remember, keep your friends close, and your stop loss closer
- CryptDude
CELO Coin heading for it's ATH soon? Following its recent increments and breakouts after consolidation, each time the period between has increased in frequency and become shorter. Holding closer to its peak.
CELO is due to launch its EURO stablecoin for it's network in March. It is a network that is aiming to enables crypto payments to and from mobile numbers instead of long addresses and wallet set ups, a bridge between the current crypto wallet and a more user friendly process.
The price has already increased dramatically in the last month, could it be coming to a head Similar to how NU (Nycypher) did in a similar fashion?
Bitcoin (BTC) Projection for the Next 4 MonthsIn this chart, I first projected an estimate for Bitcoin's 21-week and 21-day EMAs based on historic patterns. Next, I hypothesis that bitcoin squeezes between these 21 week and 21 day moving averages in early March due to the current momentum of the bull trend. Like always, we should consider all possibilities, so I plotted a hypothetical price (yellow dashed line fading in confidence) for a move to the upside, downside and sideways.
The red rectangle box is what I believe will become the next resistance. Below that, you will see two green rectangle boxes, those are buy zones for me. I will buy 1x in the first green zone (~$27K) and then buy 2x in the second green zone (~$24.5K). If it drops even lower, I will buy 3x at ~$20.5K, and 5x if it re-tests $18K, but I think this is area is highly unlikely. I don't think you will ever see a 1 BTC under $20K ever again.
Regardless, BTC is coiled for a major move in the coming days to weeks. Remember the momentum of this bull market and watch the U.S. and global economy.
Bitcoin could hit Wave 5 even sooner than expected. Get readyBitcoin has been on a plunge today. Which is great news for my prediction and overall look of the correction. Wave E has followed the shape of wave A, so it is all looking strong at the moment. Now a few reminders about this possible wave 5, and how it could play out. Be prepared for a possible ‘throw-under’ to occur, where we could dip under the $28,000 figure I have set out as the target for this correction. This is nothing to worry about as it is a strong indicator for a push further upwards after. Furthermore, as the wave following the correction is a macro level 5th wave, it may not be too long. There is a term in the Elliot Wave book called a point of thrust. This is a level where Wave 5 is expected to hit, however if it does pass the level, it is indicating that the 5th wave will be an extended 5th, further benefiting us. I am slightly busy at the moment, so bear with me, I will he posting my opinion on this level of thrust we can use as a benchmark later tonight. Hope this helps
TD line and projectionHere you can see how to use Tom Demark trendline (that connnects peaks / thorough of more or less equal height / value) and projections.
Best of breakout occur with gaps. Prebreakout candle has to close close to the trendline and make a minor pullback before the break occurs.
If breakout candle has long rejection shadow - it will not work.
Projection are drawn from the lowest closing price to the TD line and then projected from breakout point.
You can also see how to use missed pivots that mark new trends (buy upon pullback to the next pivot) - after Rob Booker.
XLM 12HR Analysis: THE WHOLE PICTURE [bull & bearish ideas]XLM has almost reached the end of the triangle pattern and volume is falling, which means a big move is coming. Sorry for messy chart, this is one I use for tracking my trades.
There's a lot of ideas here. You can read them on the chart, so I won't go into too much detail here.
Pay attention to Market Indices: TOTAL2 has been rising a bit. BTD has been falling. That's led to some nice little gains for alts in the last few days, and some major gains for LINK in particular.
The gray line & green circles represent POSSIBLE trendline / retest levels that could form if XLM puts in a long-term bullish retest of support that line up with fib levels, projected 200 & 100 SMA lines, and previous volume. This would be the short term bearish idea. I'm going to set a stop loss below the triangle so I can buy back in around there should this occur.
If XLM breaks and holds above the dotted yellow lines marked "BB," that would confirm a break out - bullish buy signal. You can see my short term targets marked by "SS" (Sell set) within the ascending channel I believe XLM will form if it does break out here.
happy trades,
CD
PS: Dont forget to set stop losses. That 26% retrace may not have been the end of it-- we're not out of the woods just yet!
Good opportunity for long setup in USDJPYUSDJPY (1H): After five impulsive wave ,it seems the correction wave is going to be done and we can wait for an up trend.
So it can be good opportunity to take a long position.
As you can see, I draw fibonacci retracement and projection to find high potential zone to reverse.
I'll be glad to know your opinion.
The Ace Spectrum as a Template for Support ProjectionDemonstrating the big idea: That straight lines in log-space form exponential curves.
This property of the log chart is useful for examining assets with exponential growth (like high-growth stocks, cryptos, etc).
Because the log scale asymptotically approaches the absolute scale as y slice decreases, this indicator is really applicable to any time scale.
This indicator samples a distribution of lines from the past and projects them into the future, these projected lines form indicators of prior support.
The idea is longer support at those specific lines is indicative of support strength, which this indicator approximately captures.
My initial goal was to capture this intuition about exponential growth in log spaces by applying a monte-carlo style sampling approach to visualize the latent support lines.
After I had captured that in a slightly more complex version of this indicator, my goal was to distill the concept into the simplest possible implementation.