Navin Fluorine | BUYThe price action is indicating an ascending triangle - a bullish pattern. This means that a breakout of ₹2,200 can result in a sharp rally. Also, the area between ₹2,085 and ₹2,100 looks like a considerable support region. Going forward, the stock will most likely breach ₹2,200 and go on for a pretty good run.
Rallyup
Bullish confirmation came in.Remember what happened earlier...
1. We have been continuously defending 7200 pivot,
and all the shorters in the world couldn't bring us down to 7100!
2. All previous bearish moves, all consisted out of typical correction forms
which proves that bears finally lost their power.
Bitcoin is now considered cheap if it is sold at 7200.
3. We have been experiencing a prolonged flat around pivot 7300.
This flat accumulated a lot of orders, both sell and buy.
Nevertheless we rocketed up to 7550 and even then! We didn't fall
(as we certainly would if the bears were strong).
4. Now we can observe a little slide back down to 7350,
defending the 7400 pivot. If this flat will continuously bounce around
7400 pivot(7387-7425 levels), then It becomes clear,
that big players are no longer shortening!
A few hours 'till the asians wake up at 00:00 UTC and we will definitely
see a lot of volume kicking in.
There may be a pump up to 7600-8100 or a bottom retesting at 6900.
In any case here it comes!
XRP will rise once again to match then surpass BTC's valueWidening divergence indicates increasing momentum behind XRP.
Historically, the gap between the two closed as XRP always went up to match BTC's value during a rally. Take a look at the March 2016 and 2017/2018 rallies, within 21 days of the bitcoin rally, XRP went up to match it's value perfectly. If this pattern repeats, this means we can take advantage of an anticipated BTC rally by investing more in BTC/alts, get the returns, sell out of BTC/alts and then reinvest into XRP to take advantage of its following rally.
Right now XRP is undervalued compared to BTC and the widening divergence is only adding more momentum. If the trend with the previous 3 bull runs is consistent, then the upcoming bull run will see a $25 top. A 7 fold increase from the previous $3.60 high.
Thanks for taking the time to read this.
Nothing is random.
Stay profitable.
And keep an eye on the MACD!
Dont short the crypto comebackSay what you want about Bitcoin.
Eth has been on a steady upward trend, so has BCH. XRP not as much; but Bitcoin is over 4k.
People including myself have made arguments involving use cases ; i argue now that the current purpose of crypto is to MAKE MONEY.
2018 was riddled with hype and misery in this sector... It is now January 2019, and capital gains are long away.
Like it or not, crypto follows BTC. It follows ETH and BCH these days too.
80% of trading is psychology. We, all of us are here to make money.
You can scalp trade , you may earn a modest amount..., day trade , stare at charts and stress out , or you can ask more of your investment.
Short selling is arguably a justifiable practice due to the psychological damage wrought by 2018, but the fundamental aspect of crypto is still decentralized currency not behold-ant to the Fractional reserve system.
It may skirt economic sanctions, and your politics may be against that , but if you look at what economic sanctions do to nations ruled by despots and criminals, they impose massive inflation on the COMMON people.
Saddam did not suffer under sanctions, his people did.
Fidel did not suffer , young women were forced into prostitution , young men to leave the families they loved to try to support them.
If anything, sanctions benefit the despotic rulers.
Crypto is still economic freedom. It is still a way to earn 20% in 2 days as opposed to 0.04% in a savings account, maybe 0.35% in a cd, with a relationship rate, and that money is then lent , your money is then lent at 12% , 15%..... BANKS get wealthy..
Lets get back to the basics , nothing moves like crypto, nothing.
It is not about Fortnite , non fungible tokens and video games bought at high price with yet more money to be paid if you wish to advance, it is about MAKING money.
Things don't need to keep cycling up and down for this to happen; and that is precisely why there hasn't been more adoption, so lets USE the volatility - the less regulated space of crypto's WHILE WE CAN to make MONEY, which in this world is a fundamental aspect of the freedom to pursue happiness.
The market doesn't care if your black, white, red, orange or yellow. It doesnt care about your past mistakes.
Lets do this.
I have left metrics out of this, except to say that things are green today and they COULD stay that way with the right psychology, and commitment.
BE the Winklevoss twins.
REPEAT 2017.
Build it on hype if that is what it takes, but build it up, and the whales will come calling , maybe we can even avoid centralized digital printable fiat.
Imagine a scanario where you peel off a fraction of a crypto and go on a vacation, then make it happen. It is up to ALL of us.
If most of us are small fish in a big pond, be piranhas.
The YEARS-END-RALLY has begun! 3.000 incoming?#ChanceHey tradomaniacs,
it seems like we could see a very nice chance to trade the years-end-rally.
S&P500 shows a S/H/S-inverse pattern and could head the market up to 3.000 after a break through the neckline!
Fundamentals do look good, especially since Hardliners got "wrecked" by the white house.
Peter Navarro is told to take a big step back and stay out of the public!
Mira Ricardel recently got "removed" from the white house.
Ther armee of ANTI-CHINA-hardliners is "thinning".
The White House could change it`s behavior and try to find a good solution for the tradewar with china.
We will see. :-)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questionsd? PM me. :-)
Retracement about to End to continue the Rally?Hello guys
After BIG rally, then retracement, BTCUSD seems is having a bounce back to continue the Rally..
Let's try to catch this movement.
Price is Currently bouncing back up from 20 EMA AND 100 EMA, and if it makes a new previous day high, it can easily reach 10K level (our T1) and we can be pretty confident that if this pyshological level is broken, many buyers will join the party :)!
Our ENTRY POINT IS CONDITIONAL if the price is reaches (9,500)
Remember to take part of the profits on each Target and once reached T1, don't forget to update (move) your SL so at least you end up breakeven,
MT Alberto
ETH to reach new All time highs?Hello Guys
ETHUSD had a rally in the previous days then had a normal retracement.
Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry.
I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us.
This new rally that could start can bring us to the a new ATH with no doubt.
Let's try to buy the dip when our price reaches our entry point
Don't forget to take some profits while reaching different targets. Once you reach T1, don't allow the trade to be a loser one and move your stop loss to Breakeven.
PS: As you may know, no matter how good your technical analysis is, anything can happen in the markets so the only way you can do is to control your risk by keeping tight stop losses
BITCOIN BULLS ABOUT TO MAKE ANOTHER RUN?Looking at the BIG PICTURE we have been making slow and steady growth. While i still do believe we may still go down under 6k eventually, the slow growth indicates we won't be experiencing any sudden falls anytime soon. If BTC manages to go below 9200, it is unlikely to go below 9000 and even less likely to go under 8700. Similar sideways action in the past has seemed to be followed by significant rallies. Me thinks 90% chance we go up from here, or possibly sideways for several days, but a drastic drop would definitely be out of characteristic for the current upward wave formation. This looks to be a shakeout of weak hands before a big rally. I'm HODLING tight for now. Pls thumbs up if you find my insight useful. Thanks! Props to great advice from botje11 but I believe 9200 will hold! I highly recommend following this trader!
(disclaimer - not financial advice)
[BTC] Time for the Bears to Hibernate: Adam & Eve in the GardenFinally, we got the pullback we've been waiting for: the first true test of the bull's strength after the massive rally we just saw from 6.5-9.7k. The results are in: on the 1D we barely dipped before seeing a consolidation and pump back up through 9k, which is currently holding very well.
We can see that the retracement was halted and bought up at a key support level in confirmation of an Adam & Even setup. Worst case scenario could be a double top at 9.7k, but either way BTC should still be heading up from here.
All eyes on the big 50 fib up at 12.9k, hope you sharpened your bull horns on the dip.
Next 24 hours critical for buying BitcoinWith all indicators in the BTCUSD one day chart showing we are primed for a rally anywhere up to between 8000 and 11000USD, the key question is when this will actually begin. Many have prophesied that Bitcoin will go down to 6000USD before the impending upturn, but there is strong resistance to be found at 6400USD which we have tried to pass four times over the past two months without success.
We likely face three likely scenarios:
a) we will hit resistance yet again at 6400 over the next 24 hours before the rally commences
b) we will drop to 6000USD and possibly dip into 5500USD over the next 24 hours before the rally commences
c) we have already entered the rally and are on our way up to 11000USD over the coming fortnight
Which BTCUSD scenario do you back?
Please hit the thumbs up if you found this informative. This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
Bitcoin fall until mini-rally 3rd AprilThe last time Bitcoin's RSI fell below the critical 30 level was 5th Feb, when the Stochastic RSI also indicated selling momentum was exhausted. That event immediately proceeded a rally taking BTCUSD from 7000USD to 11000USD in just 12 days.
The BTCUSD RSI, Stochastic RSI and candlesticks are all lining up to replicate that event almost exactly. Expect a further day of losses tomorrow, likely down to the long expected 6000USD level as the RSI drops deeper, before the rally up begins April 3rd.
Hit the thumbs up if you found this informative, I will keep you updated as the market develops! And if you disagree, please tell me why in the comments below - all feedback welcome. Thank you!!
This analysis is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading.
Ripple expected to reach at least 2,90 by the end of JanuaryBITFINEX:XRPUSD
If nothing happens, expect Ripple to reach at least $2,90 @ Bitfinex. There will be some sort of rally to reach this price. If Ripple gets added to Coinbase, expect it to reach at least $3,98.
Tools utilized: Fibonacci and trendline analysis (the upper line and the bottom line are about to meet each other).