Get started

Rally

BTC monthly pictureIn the monthly chart, we're firmly in bearish territory after the bearish monthly MACD cross. There is a lot of momentum behind such a move and it needs time until we can get green again in the monthly timeframe. Looking at past history, and assuming that the timescales will be roughly the same this time, we can assume that we'll find the low in early february 2019 at around 2500 USD. It could be faster, or slower, we cannot assume that we'll definitely see the exact same speed unfolding this time. But as a rule of thumb, one can start buying bitcoin unter 4000, and really really start buying at 3000, hehe. At least I will do that, of course I don't wanna tell you how you should invest your money :)
BNC:BLXShort
by SebastianofMoon
4
A new relief rally?So BTC broke through the downtrend resistance and it seems that we'll be pumping for a while. Weekly and 3d is oversold, so this pump had to happen at some point. I am just surprised that there hasn't been a shakeout dump before that, only a slow grind down. Quite boring for BTC actually. And that despite that quite high longs. Well, that was an interesting surprise. I think we'll be headed back to 8k territory, and then at some point the bearmarket will resume again. This is a bearmarket relief rally and nothing more imho. We're not done yet with this bearmarekt, target still remains 3k imho. However, I am switching to short term long.
BITFINEX:BTCUSDLong
by SebastianofMoon
Siacoin/USD Falling Wedge and Bullish Divergence - rally to .03 Hi there, Siacoin has been forming another falling wedge, which might be perceived as a fractal price movement. The targets are similar to those of the last one. It is crucial that the price pierces the downtrend (dotted line), which should be settled approximately at the 0.384 Fibonacci Level, if I got the time frame right. There is a feint of a bullish divergence in the RSI, fortifying my opinion on the matter. Targets for my trades are in the 0.18 and 0.3 price range. Trade safe! Nik
BITTREX:SCUSDLong
by UnknownUnicorn1539772
BTC SHOULD LAUNCH EVENTUALLY. TWO INVERSE H&S. 1.68 FIB BOUNCEDBTC has two inverse H&S right now with targets ~7300 and 9600. We bounced from the very long-time 1.68 Fibonacci which matched RSI 30 on daily. Dips being bought, and we see a strong bulls reaction on every drop. If you already have a position, go get a cocktail and enjoy the summer, because it will take some time. I expect the right shoulder in the middle of July, so we have a plenty of time that we can spend on something way better than staring at the charts. Trade big targets, big timeframes, earn big. Don't waste the time on charts less than 1 Day. 4H only if you are bored and want to see a live show, but don't trade small moves. In the long run, fewer trades make more money. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
COINBASE:BTCUSDLong
by LanaFL
35
BTC ... consider the possibilities before you jump in!Nice green candle ... nicest I've seen in a while ... but is that it, bears done, bulls taking over the bar? I wouldn't be too quick to assume that. Judging by the current wave shape from 61XX ... we need this wave up to be MUCH stronger to look like an impulse wave up. That rally, although interesting, has not broken the major resistance sitting at 6900. No doubt, shorts were squeezed ... and that helped push the price up ... and there are likely further shorts that will liquidate/close if we go higher ... but does that mean game over for the movement down? What I'm seeing is very similar conditions compared to when we hit 6736 after we bottomed out at 61XX. Longs to shorts ratio just about back to where they were back then, RSI had about the same action, and although volume on the initial spike up was larger than back on June 14, we have now fallen back to dismal levels. So what could be happening ... let's look at the possibilities: (a)see purple wave ... my main idea is that we are forming a leading diagonal (ABCDE wave), and we will bounce down to the bottom of the channel shown ... and after one more attempt to break the bottom of the triangle (shown in the dark red trend line) ... we start a new impulse down to the bottom anticipated by many around the 4k to 5k mark. (b) see black wave up ... maybe this is an impulse up, but I want to see this wave up go much higher before I'll settle on that one. The wave might not be over, but there's been almost a 200 point pullback since, and BTC needs to get it's act together soon to keep the momentum going. Otherwise, we'll simply get what we got back when the SEC news was released ... a rally that fizzled and died. (c) see black wave down ... maybe that's it for the bulls, and we don't bounce at the bottom of the channel ... could we be starting the downtrend to the local bottom now? It is a possibility, no doubt. That would mean we've completed a fairly lame ABC correction to 68XX, and trapped a few bulls, before BTC gets taken down. I am not falling in love with this rally. Technically, a short at the top might have been the best thing to do. The channel I've drawn will be my guide ... breaking out of that will provide further evidence as to where this is going. Remember, only a fool relies on one potential outcome. Do not use this info for financial decisions. For educational purposes only!
BITFINEX:BTCUSD
by MAGICMARK
30
NANO for a 40% ProfitDear Traders, I know NANO has been compromised recently and that make it dump about -54%. Now people are starting to buy here at 1.618 fibonacci support. MACD Cross Positively and RSI is low. We bounced here some days before so I think we have probabilities to bounce at these levels again creating a double bottom. Also I think we can rebounce here after creating a tweezers bottom. Happy trading everybody! TP: 7120 (+40%) SL: 4860 (-4.31%) Stop loss is set under past lower lows.
NLong
by Janpr99
2
BTC trading plan for the coming weeksSo, the way I see it, BTC is ranging further in this pretty long triangle that has been validated the last months. A wedge within a wedge is forming, and daily stoch RSI suggests that upside momentum is more probably than downwards momentum. I think that we'll see a small rally towards 9000ish, then further bounces between the resistance and support of this very long triangle. Then it will either break to the upside or to the downside and define the longer term trend for the coming months. A push towards 11700 would be a strong signal, however, even then a bearmarket could play out. If it does not manage to push through 11700, it will probably continue to fall further, making new lows. A push through 11700 is necessary to have any chances for a big rally this year. If the triangle breaks to the downside, a bearmarket is basically inescapable. One should not hope for one or the other scenario, but be prepared for both possibilities. So actually the smileys should smile in both cases XD. Shorting and having fiat on the sidelines if it breaks to the downside, and going long and buying if it breaks to the upside. Just see what happens and act accordingly. That's at least what I do. Cheers! P.S: I am shortterm long, and longterm neutral.
BITFINEX:BTCUSDLong
by SebastianofMoon
2
EURUSD Counter-Rally to Upper Parallel Before next DeclineineEURUSD 30th May EUR has finally reached the month-long downside target at 1.1558 just in time for the end of the May. It actually exceeded the target by 45 pips before reversing higher and creating the first strong green candles of buying intent the market has seen for months now. But the counter rally is running out of momentum now whilst DXY holds above 94. Initial resistance for EUR lies here at the 1.1676 line and extends to the line above at 1.1731. This range, bounded by the two lines, is likely to prove insurmountable in the very near term - it will need DXY itself to break below 94 to break the upper parallel here - in which case the bears will retreat further here too and it should then rally 90 or so pips higher still to 1.1821 on more bear closing before falling away again. That looks to be best case scenario for EUR from here though. (At the same time DXY should then fall to test the 93.36-93.12 range and then bounce higher again.) So long as 94 holds up on DXY the Euro is likely to remain trapped within the medium term downtrend of April/May and likely to fall away from the upper parallel once more when challenged. But this time around the next sell off from the upper parallel of the larger impulse wave has a reasonable chance of creating a double bottom around the 1.1558-1.1540 range when it does fall away again - so any fresh shorts taken out around current levels need closing down again here. Any subsequent fall below 1.1535 will then be needed to trigger fresh shorts from here back to the 1.1318-1.1287 range.
Short
by sumastardon
2
DAX: When too many people expect a crash...First of all, I am not a fan of the current stock market situation, and I agree that a larger correction is long overdue. However, if I analyse the longterm chart of DAX, I see that the very long streak from 1982 to 1996 is similar in its fractal similarity to the streak from 2010 till now. This is just a pure chart fractal analysis, and noting that long term rising wedges tend to be broken to the upside. So, could it actually be that instead of a much needed longer correction, this crazy thing will climb even more? I hope not, but according to the charts it could very well be. However, I am also prepared for a brutal correction, just in case.
XETR:DAX
by SebastianofMoon
3
EURUSD Trying For Break-Out Counter-Rally HereEURUSD Trying For Break-Out Counter-Rally now Using DXY as the confirming signal (please see DXY updates) we've been short EURUSD for some time now, looking for a test of 94.20 on DXY as the likely medium term top for Dollar strength across the pairs. That came yesterday (too busy shorting Bitcoin to notice, sorry for that). But EUR didn't quite make it to the next downside target at 1.1665 here, bouncing away 11 pips higher than really expected, though it did bounce precisely off the lower parallel of the little pattern EUR is now trapped within. Yesterday was mostly bear closing by look of the chart. Today it's more bull buying with a small impulse candle arriving as London opened after an aimless overnight session in far East. It can rally to 1.1756 and then will probably need impetus and follow through from New York to push any higher still. Only once it can get above here should it push back up to the 1.1823 level, presnting a potential long opportunity if we see it develop later. But until we see that evidence present itself EUR is becoming vulnerable to another sell off, though this time it should only come back to the 1.1721 line to begin with and will need US selling to drive it lower still towards the 1.1679-1.1665 range. With the Dollar expected to enter an extended period of consolidation under 94.2 on DXY it's no longer appropriate to be looking for big EUR weakness in the nearterm. However, looking a little further out in time, DXY is expected to rally a further 1% or so from 94.2 to 95.15 and EUR to fall back to 1.1558 eventually before any real change in overall trend is likely on this pair. This update was posted shortly after the DXY companion forecast this morning. It never loaded correctly. Very annoying. Anyway, what was expected above is happening pretty much as it should so far - EUR is about to break higher as DXY unravels under the dynamic from the highs a while longer.
by sumastardon
4
BTC large megacycles on monthly timeframeThis is just a quick chart to show that the monthly chart shows an interesting pattern in the stochastic RSI. It is osciallting with a period of 4 years, what a surprise :) the halvings are also every 4 years, could there be any connection? Hmmm..... XD If the last cycle repeats, I think we might be headed towards lows in 2019, an 87% correction as in 2014-2015 would yield a lowest low of 2600 USD, with a stable floor in 2019 around 4k. End of 2019, the halving 2020 will already be propagated and I suspect therefore that BTC will start rising again in late 2019, same as it did in late 2015. Target for the next megacycle is at least 100k per BTC, in 2021-2022.
BITSTAMP:BTCUSD
by SebastianofMoon
9
EURUSD: Lower Stop On Any Shorts/Use DXY as Signal ConfirmationEURUSD Update After rallying from the downside target off the 1.1721 line EUR has made it to the near term upside target centred around the 1.1821 line and been met with a barrage of persistant selling from there over the last 6 hours creating a series of rejection spikes above the line. If you shorted from here again lower the stop to 1.1787. It's been sold off in Europe all day - we need to see US follow through to know that downside pressure is still strong from here. Without it there's an increasing chance that it will push higher again from here before coming off again later - the next key area on the upside lies at 1.1831-1.1838 - a break above here needed to signal any further near term strength to 1.1915. The overall picture is still bearish for EUR but with DXY consolidating off 94 and with a little more unwinding there still likely it means that this this whipsaw back higher for a while yet before the downtrend resumes again
Short
by sumastardon