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Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled?Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled? Bottom Tested 3 Times/Confirmed SUPPORT Level I'm seeing an inverted Head & Shoulders forming with rising volume that at 14,000 could signal the bottom is in and a reversal back up for a New Year's rally in the making. That's what it appears to be doing at this point, and if so, would lift up the whole market like the ocean tide rising in all the rivers. RSI and MACD are moving upwards with lots of space to run. The 50 EMA (50 day moving average) is curling upwards as the volumes are building. All system's go. In all honesty, I believe a large portion of this move will be because of Bitcoin (BTC) primary infrastructural utility as a conduit for people to move fiat funds into purchase other alt coins, as well as into Wall Street via the CBOE and CME. My favorite alternative currencies are especially Bitcoin Cash (BCH) and Stellar (STR/XLM), but also Cardano, Ethereum, Litecoin, Dash and Ripple. On a somewhat funny side note: There is the lunar trading theory, AKA "Moon Theory", which says a Full Mooon is the best time to buy and New Moon the best time to sell. Last night was Full Moon. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas. Wishing you all a Happy New Year and All the very best wishes of luck in your trading ;)
Long
by Inspirar
3
113.00/113.12 Region can Offer Resistance on USDJPY We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish continuation. 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
2
BTGUSD Buy this dip for rally back to highsBTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again ahead of a possible good weekend rally in prospect. Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel broken.
BLong
by sumastardon
1
Can BRENT rally to 70? Strange PatternPlease like and subscribe if you want more analysis from me... I will appreciate that. What's the point for OPEC to cut oil -1.53% supply if America flooding the market with it?? The only one question, for now, is whether oil -1.53% rally will end at the end of December or at the beginning of first quarter of the year 2018? However what the chances that BRENT will rally tp to year 2015 highs? Read this Articles for further research: www.bloomberg.com www.wsj.com www.wsj.com
TVC:UKOILLong
by I0_USD_of_Warren_Buffett
Price projection for this XRP rally and future prospectsSo ripple started earlier than I expected in one of my previous ideas, however, it was to be expected that ripple would also pump. We are in an insanely bullish crypto market right now and all major altcoins were already pumped, except for ripple and maybe ETH to some extent. So now that the nasty resistance at 0.28-0.30 USD has been broken, we would like to know how high it can go? I will base my projection on the fractal from march 2017. The structure is quite similar, so that it makes sense to compare it back to that time. Bitcoin will do one final push in the coming days and weeks, and I think that all altcoins will top exactly at the same time as bitcoin. And as soon as bitcoin experiences a sharp correction, say 27K to 13K, all alts will tank, ALL, without exception. Make no mistake, all altcoins are depending largely on btc, and as soon as BTC goes down, all alts will follow. I am not saying that this is guaranteed, some super bullish news could of course change that picture, for example amazon indeed implementing ripple, or stuff of a similar magnitude. However, I like to play it safe, and don't very much like to rely on news, and hoping for some event to come true. Hope is always bad in crypto trading, hehe. And what will happen in 2018? Well, that again depends if the crypto market will continue to rise after the btc correction, or not. There is a very high likeligood that bitcoin will do another rally in 2018, the final one before the bearmarket. It might go as high as 100K. In that case, we will see the bullish scenario for ripple. If btc however will decline in 2018, the chance for a bullish ripple scenario are low (meaning 10% or below, we always have to think in probabilities: again as I said, some super bullish news could change that picture). So there we go. These are my thoughts on ripple in the near and mid-term. Longerm I think ripple is here to stay, and will always be in the top altcoin range, together with ETH and LTC.
BITSTAMP:XRPUSDLong
by SebastianofMoon
4
Wife: I'm putting you in a house next year :) Go Bitcoin!Starting from yesterday, I've put everything I have in crypto: www.youtube.com We have a cluster of fibonnaci levels of the last 3 major legs coming at 15K. Add this with all of the hype of crypto right now: news, bitcoin credit cards coming soon, bitcoin ETF coming in Decemeber!! Guys the hype might actually get the price to 15K soon!! Starting from yesterday, I've put everything I have in crypto: www.youtube.com
BITSTAMP:BTCUSDLong
by AlphaCrypto1
18
Elliott wave Analysis: USDCAD Can be Headed for 1.2908Good evening traders! We have seen a nice turn up on USDCAD following the BOC rate decision, so technicals once again turned out to be ahead of the news. We can see a sharp reaction to 1.2800, where is 161.8% extension target for wave three, so ideally that's a beginning of a new bullish leg, headed above 1.2908. 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
1
XRP - always good to buy when others panic sellSo a lot of coins are pumping right now. IOTA 15x increase in USD value since early november. And Ripple? Doing absolutely nothing. Sleeping. Dead. So noobs are like: "Damn, look at all those shiny coins pumping, and ripple is dead. I have to sell ripple for these other cool coins!!!" That's how whales play them, and what they basically do, is coin-chasing. Leaving a supposedly dead altcoin, for another one. And then another one. And the next one. If you wanna make profit in crypto, you have to be insanely patient. Buy coins that are supposedly dead, and will supposedly fall to zero. Sell coins that are hyped and are pumping. It is more difficult than it sounds bceause your emotions tell you that you are missing out on gains. But only the disciplined mind will be rewarded in crypto. So what does this have to do with ripple? Well, ripple is sleeping since May this year and is forming a huge bullish pennant. A classic example of an asset that is "sleeping" and preparing for the next move. Many of the top alts, like ETH, ripple, LTC to some degree, have been sleeping. But they will start. And when they do, you will not believe your eyes. When they will start is impossible to tell, however, I think sometime in the coming weeks. I expect the btc top in January, February at the latest. Normally LTC and ripple spike together with BTC. So it is always good to put the gains you made with other coins into sleeping/dead coins. And here, ripple seems super attractive to me at the moment. Risk/reward ratio is excellent. However, this is only my opinion, and I do not guarantee that it will play out like this.
BITSTAMP:XRPUSDLong
by SebastianofMoon
18
BTCUSD May See Resistance Around 12000BTCUSD is trading in a bullish impulse of a higher degree, labeled as black wave V. We see four of fives bullish waves completed from 11th of November, which indicate that a top can be near. Current rally that is now underway can be final wave 5 of V, that can see limited upside near the upper Elliott wave channel and near the Fibonacci ratios of 2.618 or 1.0 ; all three elements have a common thing, they offer resistance so be aware of a three-wave bearish reversal. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
5
How high can this thing go? Hint: Very high.It's funny to see the reaction of people, staring in total disbelief at the prices. Why? Because they do not think in exponential terms. The human brain is just used to think in linear terms, exponential rises take a lot getting used to. But bitcoin? It was rising exponentially for a while, and now it entered over-exponential territory. This means that in the logarithmic chart we don't have a line any more, but a parabola. That is why the time for a doubling of the price will get shorter and shorter. I drew the logarithmic trend channel and these are the possible reversal zones: 1.st at around 25K 2nd at around 75K 3rd at around 145K If the full move is done, we could see, and I now it sounds insane, 145K until the end of march 2018. I think 25K is the most realistic scenario, with about 60% probability. Timeframe: December-January 75K with 30% (timeframe: end of february), and 145K with 10%. It's just an estimate, but it's good to know these important resistance lines.
BITSTAMP:BTCUSDLong
by SebastianofMoon
7
Elliott Wave Analysis: EURUSD Breaking Higher, Approaching 1.2EURUSD has turned up in the last two weeks; it broke above the channel resistance line that normally confirms a previously completed move; in our case that was finished a-b-c decline from September high. As such, it seems that wave four on a daily time frame came to an end about we talked a lot in the past which means that more gains may follow now within higher degree wave five, currently within subwave three that might have started from 1.1712 now underway to 1.2. 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
1
GE: Next buy points for counter-rallyGE Next Buy Points We never got a chance for a long down by the lows, but we did get the next one: the break above the small parallels channelling the tiny corrective move yesterday and Monday. It was a really good, painless/stress-free break too. So now, after GE filled a small gap (left on chart) it's coming back to support at 18.07 (tweaked by a couple of pips) and should hold up there and bounce again (low risk entry point with stops below 18.00 . If so, The next challenge should be at 18.46 (take profits) - we know that each of the last three pathetic rally attempts have all been 100 pips...which is exactly where 18.46 lies...then we only go long again once we can see 18.50 has been broken on upside, looking for 19.36 where look to close (just under here) and some may then wish to short with stops above. More as this develops. Better than Bitcoin today too! Old V new. Today the old won. There are some good trades here, between the lines - and so much less stressful than Bitcoin. For a quiet, steady calm trade GE wins hands down, no contest. Depends on your profile.
NYSE:GELong
by sumastardon
1
EURUSD Breaking Higher With ForceGood day traders! Hope everybody is doing great. Let's dig in. On the intra-day chart of EURUSD, we see price unfolding a strong bullish movement, which suggest an impulse to be in progress. We can see waves 1 and 2 completed, so current strong rally can be wave 3, that may see limited upside near the Fibonacci ratio of 61.8. That said, once wave 3 unfolds a new temporary pullback into wave 4 can follow. 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
1