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Bitcoin: BTCUSD On Important Support Right nowBitcoin. Clock-Work 05:53 est another 01:00 gmt low, another at 06:00gmt. And high at 10:00 - right on the upper parallel where longs who bought at 6am have closed out for 450 points - day's work done. Now has to climb above the upper paralle and hold there on retest once broken to turn back to bullish again from here. Unlikely in very nearterm but it's trying hard here. We have had 4 waves down which is standard stuff for Bitcoin so this decline could be over but it still has some work to do to bust above the mass of resistance gathered above it from here...the old neck-line - can only get long from here once the upper parallel is busted and held - all it's done so far is a nice little counter rally to exactly where it should stop. We got some far Eastern interest at 01.00 and some European interest at 06:00 and now we'll need US interest to help it move higher from here - in meantime it needs to unwind a little. So far it's holding at 10100 but when this gives way it should fall back to support at 9965-9855 07:07est Last low on Bitstamp at 9935 with a nice spike under it on 15 minute - and now we have a break of the upper parallel and test of the first line of resistance at 10254 as early birds in US catch the worm - likely to push on up to the neckline by 14.45gmt, maybe in the 15 minute candle on US official open - if you got long on the last dip as above stay with it and raise stop to just under the low at 9930 for small loss if wrong from here. Look to close out in the 10300-10350 range where fixed and dynamic resistance begin to merge. But we 've broken the down-trend and need to be ready to get long again when and if that uppermost dynamic/old neck-line is broken above and held (now at 10345) - can follow the break with stops below 10300 when it happens. Bulls have 4 waves down which signals potential completion - but the bears have that Head and Shoulders on their side still - bulls gotta break that neck-line next big test - then we are off to the races with a relief rally - but not until...day traders are using the smallest dynamic here on 3 minute by look of it... 09:09est After moving sideways above the parallel for a while Bitcoin has come back to life as expected with US opening. Now testing the target at 10300-10350 with a spike high at 10372 on bitfinex....so closed out and looking to buy again lower , maybe only as low as 10300 ... 09:14 Had to get that uploaded quickly - so this is looking good again - has just poked above the dynamic/old neck-line on Bitstamp which is the big test now...buying across 3 continents - just neeed to beware a suck in here though...but if it can hold up here above 10350 and the dynamic this is going to rally very well now...
CME:BTC1!Long
by sumastardon
BTC does it have enough steam?Up until this point, Bulls have rallied up without much pressure. Bears were hibernating. Could this be a bull trap like other bubble formations? Or a bear trap? The line intersections and signs of both were clear. Very confusing. In a previous post I mentioned something peculiar about Feb 12th. Why all signs pointed to today. Let’s see. I played defense a shorted BTC and ETH at 8800. If it rallies past the hurdles and establishes support, will be back in, but I’ve mentally settled for more predictable swing trades and go long with cheaper coins at the bottom.
Short
by cryptobiting
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the 8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line. Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern . All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at 6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again. Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If you're still wearing your bull hat, tread carefully, is all.
BITFINEX:BTCUSD
by sumastardon
2
BTC, Will it Stay Off the Ventilator? (BTC)Happy terrific Tuesday! As you can remember from my diagnosis yesterday about BTC, we had to wheel her up to the ICU for some critical care! (see ). It was most certainly a case of the Moooooondays for BTC... Now we see BTC rallying hard, like a college kid coming back into the party after throwing up twice and slamming V8. If you check the last post too, I predicted this rally represented by a star in my moondays post. But is BTC out of intensive care? Let's find out! Join the Doc in this progress note of our patient Bitcoin! So we were able to take Bitcoin off the ventilator this morning when it fought up to a high of 7900s. This was great news for HODLers all around (those that buy and hold for the long term... even in dire circumstances). But is BTC really out of the woods yet? It's volume looked more promising in this rally(see yellow circle of volume corresponding to the yellow circle around the candlesticks). This volume was much increased from the previous false rally(see volume around February 3rd and post where I diagnosed the false rally:(). Let's look at the other indicators. The MACD crossed over... so that's good. BTC got above the 50 EMA(orange line)... das good tew. The Stoch looks as if its bouncing from the bottom, so Buy?!. But here is where a lot of traders can go wrong. The Stoch bouncing off the bottom is usually only a good sign to buy in a BULL market. Although this bounce was a decent sign, check the downtrend channel... we aren't out of it yet. In fact, we aren't even completely above the 100 EMA(teal), let alone the big bad thick 200 EMA(blue). So overall, BTC has to break through these two above resistances along with the top of the negative channel. Here's a hint: it won't happen with the volume decreasing to the level it just did. If the volume can shoot up again, we may have a chance to break through the 100 EMA, but then what about the next, and the next, and the NEXT...? Get my drift? It will take some serious buying power. Until then, we should keep BTC in the cryptoland ICU until further buyer support can help her progress. That being said, I will not be buying yet. Thank you for getting through this lengthy progress note... Be glad it wasn't hand written. As you could probably guess my hand writing sucks... Love and cuddles, -Doc P.S. Please send BTC flowers and "get well soon" cards <3
Short
by DontWatchDoc
2
WTI Uptrend Decisively Broken - Look to Sell the RallyWest Texas Intermediate WTI USOIL WTI fell exactly 50c short of the upside maximum target before topping out and falling below the the lower parallel, thereby flipping WTI from still positive to negative - on a dime. Since then it's fallen away seeking support from nearest structure to left - and found it at 58.14 - the top of the structure to left. It's been hit by a double whammy of rising DXY and falling major markets. Although it's hit support and can rally as high as 61.51 from here this decline is not done yet. Those big reds on exit of the parallel show powerful rejection now. Last week's price action has switched the game from buying dips to selling rallies once more. And if major markets begin to unravel and fall further from their lows of last week WTI and Brent will follow suit in sympathy. A fall below 58.10 on WTI should trigger further selling back to 55.90 at least and once this fails to 54.95, spiking as low as 53.84. The 50% retracement of the bull run lies at 54.32. Look to sell the early rally if we see one - and if not sell on break below 58 with stops above 59.10.
TVC:USOILShort
by sumastardon
Stratis Bubble Chart ( Sucker Rally Ending )Just a quick idea regarding stratis, the most undervalued and technologically best blockchain company flying under the radar. It made some great moves at the beginning of 2017, and reached an all time high against BTC. I don't think people realise the potential of the STRATIS technology and the direction it's going. During the first quater of 2018 STRAT wil be releasing a lot of good news, here is a small break down of what's to come. - New Roadmap announced soon - One of the best development teams in the crypto space - First two flagship ICO projects launch (All funds raised converted in background to STRAT using changelly API) - Smart Contracts in C# (Buildable, programmable) - Sidechains for ICO deployment and scalability - Azure ICO/Token one click deployment - Marketing starts with successfully deployed ICOS (90 Million STRAT budget) - Tumble bit Breeze wallet for anonymous bitcoin and STRAT mixing. - Master nodes (STRAT is locked in for tumble bit mixing) price stablises sue to locked funds and ROI. - STRAT team is attending multiple blockchain events throughout 2018 - STRAT is based in the financial centre of he world (London) - STRAT offer BAAS (Blockchain as a service, consultancy for making blockchain easy for large institutions) We can expect all this and more from the STRAT team in 2018. It's not hard to see how this can contribute to another STRAT bubble on the near future. How long this will take to pay off is not displayed accurately on the chart. However, technicals and company research suggests that this coin is definitely one to hold through 2018 and 2019. Let me know your thoughts on this one. C'est la vie.
SLong
by UnknownUnicorn89296
10
BTC - Double Bottom Update - A Path Out!!Okay, I drew some more lines and arrows on my chart, but I also added some boxes and more text! Here's an update to my first Double bottom post. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! Our second little bull flag did indeed form. It's not a lot, but it's a glimmer of hope in this dark world of invisible resistance. I think we can move on to test the .786 around 8,800. We're still struggling to get the bulls out of bed, we are just barely not falling on our faces. I get the feeling the bears are really about to drop the hammer on us again. I explain my path out of our downward trend a little better in this analysis. Purely speculative, but plausible with an ounce of technical support to back it up. Basically, the combined resistance of the .786 retrace and the mid-line of our downward trend might prove to be too much for us to break through with the current state of this sad little rally. However, if we bounce off the 1.0 support once again, we might gain the momentum necessary to carry us through the mid-line. If we can break through that, we can pick up mid-line support if we bounce back off the .786 again. It's basically like using the 1.0 retrace's gravity to sling shot us out of the downward trend. It's almost poetic, except I think NASA might of used this strategy to get back from the Moon instead of shooting to it.. Binance is still down. So I'm still locked into my trade for who knows how long.. So if you're long off the bounce like me, hodl on tight, and set your stops if ya got em'. It's going to be a bumpy ride! Thanks for reading, let me know what you think! - Also, not that anyone was thinking about it; but I wouldn't use any of my advise for trading... I've done some studies, and 60 percent of the time, I'm wrong every time... -Sly2.0
BITFINEX:BTCUSD
by sly2
BTC Setting up for a double bottom ending our downward trend!!?Okay, I was tired of everyone else having all the fun. So drew my own lines and arrows on a chart. Here's my first analysis. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! It might be a little early to call this one, but it appears a second small bull flag might be forming. We've seen some incredibly frustrating sell pressure creating tough resistance up to this point. It seems like we're running out of steam, but hopefully we can move on to test the .786 and break back into the middle of the downward trending line! I'm optimistic, but I don't think we're done with this smelly bottom just yet. We've struggled pretty hard to bounce as high as we have, but I think the first real resistance we hit is going to crush this rally... However, being that we saw decent support at the 1.0 fib level, it could be our escape plan out! If we fall back down for a double bottom, I'm hoping the 1.0 fib support could give us enough sideways action to bounce us past the center of the downward trending line. It might give us the break we need to finally start climbing back up! I'm apparently locked into my trade for the next 12 hours.. So if you're long off the bounce like me, hodl on, and set your stops if ya got em'. It's going to be a bumpy ride! Thanks for reading, let me know what you think! - Also, not that anyone was thinking about it; but I wouldn't use any of my advise for trading... I've done some studies, and 60 percent of the time, I'm wrong every time... -Sly2.0
BITFINEX:BTCUSDLong
by sly2
Litecoin still HIGHLY undervalued EDUCATION: What is a Falling Wedge ? We can observe a bullish pattern here, a Falling Wedge, that begins wide at the top and contracts as prices move lower. The price action forms a cone that slopes down as the reaction highs and reactions lows converge. Each high is lower than the previous high, and each low is lower than the previous low. We need the price to break the upper resistance line to get a buy signal, which could be seen soon as the RSI broke the resistance, but we have to wait for a breakout and can’t make any speculation - very important . If it occurs, just watch the next resistance which is the previous uptrend line (red dotted line on the chart) that formed in november / early december. Once it breaks that, it’s going bananas. If it doesn’t occur, we’ll stay inside of this Falling Wedge (bullish pattern in case you’ve already forgotten) and eventually bounce off the main uptrend, which nicely coincide with the end of the pattern. We can see also see others bullish signs in this chart: 1. The price formed a double bottom 2. It did it on a very important support line: the 0.786 Fibonacci line 3. And finally if you zoom in, and take a look at the 4h chart… You can see it performed a nice bullish divergence. EDUCATION : What is a bullish divergence ? As shown below, it occurs when prices reach a new low, but an oscillator (The RSI in this case) reaches a higher bottom than it reached during its previous decline. This kind of divergence is often the best signal of an impending sharp rally. I’ll close this idea saying that I’m bullish on Litecoin not only based on the technical analysis I just showed you, but mainly based on the fundamental analysi s: it’s a very good payment option, fast, with low fees, and way more convenient that Bitcoin (not difficult I agree). In more, there’s a lot of positive news with Litecoin, with the release of Litepay, futur atomic swap with Bitcoin in 2018, network continually growing, more and more commerçants accepting it, etc etc etc. I believe it is still very undervalued, and will not be surprised to see a huge rally this year, with more adoption from the mass. And finally, why couldn’t I contradict myself and end with some speculation to spice up even more things… Could Starbucks starts accepting Litecoin? theusacommerce.com
BITSTAMP:LTCUSDLong
by victor_tlm
2
S&P 500 Index: SPX looks ready to rally back to highsS&P 500 Index SPX This chart shows an island reversal at the top, created by the first exhaustion gap atth etop of the chart, followed by a continuation or breakaway gap which led into yesterday's waterfall decline. we wer e looking for a decline to 2607 - the low was 2593, some 14 points out. Close but no cigar. As with the Dow this index has collapsed 10% (2584 is 10% off the top), within 9 points exactly. In 2 days. Fast, sharp two day declines are a sign of a strong market. Additionally, the S&P has touched long term dynamic support at the nadir and has left spikes off it. Can get long again on dips now looking for a retest of the highs. Stops below 2640 for smallish loss if wrong from here.
SP:SPXLong
by sumastardon
USDJPY can Be Completing A Bigger, Complex PatternUSDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle line, at 109.50/110 area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start. This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area. The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
BITFINEX:ETHUSDLong
by SebastianofMoon
2
Buy BCC Now!!!Stop selling BCC. The people behind BCC gave the community an incredible gift. They gave 10’s of thousands (maybe millions) of people an incredible amount of income for 2 years and now they have left behind the best gift of all. They left us a coin that has a strong performance history with a small and limited supply. Think about that for just a minute. They left the community this coin to buy, sell and trade. They left something behind that governments and regulators can’t stop of shutdown. They paid out all account holders the full amount of their total money invested, in BCC coins and now it’s up to us to continue the fight. As I write this there is a concerted effort by many governments around the world to crush the crypto market. Why? Because it scares them to death and it threatens to upset the balance of power worldwide. They are spreading fear and using threats to try and quell this uprising of mankind! If you are involved in crypto just to make money then you are extremely narrow sighted because remember this is a revolution! This is the beginning of the end for the good old boy system that has oppressed us for millennia. This is FREEDOM!!! I’m not in love with BCC coin but I have great respect for the thought that went into this approach. We as a community now control BCC and we can make it whatever we want. If the majority of traders decide to hold BCC then we can drive the bus straight past all other coins! If you refuse to sell and start to hold and buy on dips this coin can overthrow BTC. Viva La Crypto !m!
B
by dipdizzywizzle
6
Shift Rally Hasn't StoppedFollowing the previous idea on Shift , it has reached the upside target at $9.34, that is 327.2% Fibonacci retracement applied to the previous all-time high. The $9.34 level was not only reached but clearly penetrated and price continued to rise, reaching $13. Corrective wave down followed and was stopped right at the 261.8% Fibonacci support level that is $7.57. As the 427.2% resistance is broken and 261.8% support is rejected it is very likely that the rally will continue where price could reach $20. Although prior to that $14.78 and $17.45 resistance levels must be broken and should be watched closely. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
SLong
by CryptoPAMM
DJIA is Bullish, But for how long? Probable Resistance Is NearThe Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also ending its rally with five minor waves, and for a suggestion for a reversal we need to wait on a breach below the lower channel line in a five-wave fashion. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
DJ:DJI
by ew-forecast
3