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Ranging

ETH Stuck until Bitcoin's HalvingGiven the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of alt-coins, is going to get swept upwards with Bitcoin sometime very soon. These support/resistance levels have historically been quite strong, but given how tight the space is between them and the current market conditions, we wouldn't be playing the range game here. Don't place your bets just yet, but definitely get your coins ready to go at a moments notice! Expect a pump from $190 in the coming few days!
KRAKEN:ETHUSD
by theCrypster
Bitcoin Volatility Is Back!This past week I had an idea about a new way to tell when market is trending or ranging. This lead to the creation of this tool, which is stills on progress. Green dot represents when that day has been volatile, while the red dot the contrary. This is based on real-time data, so no lagging. While this is good, it also adds noise which prevents to measure the long term condition of the market. To counter this, I added a condition where when X days have been red, then we can more firmly agree that the market is ranging. This is represented when background is red. This is how the entire chart looks like: In another note, I published this the other day: On it, I mentioned two things: 1 - The market is still neutral, which now is not. 2 - No long signals at the time, and looking forward to now, we just had a big drop, so this validates the reliability of it. I don't usually post ideas, but if you take a look at my previous ones you can observe a very high win rate. The one below is my best prediction by far. We take pride in our work at Quansium.
BITMEX:XBTUSD.P
by Quansium
GBPUSD levelsWe have the 4H chart above. GBPUSD is slightly rising because of the USD weakness across the board. The rise could be much better but is capped because of the selling pressure of the sterling, stemmed from the usual UK political reasons. We actually had the lowest point since February recently, when it touched 1.2550. There was a hard decline following Mays decision to step down as a PM. which kind of assumes a failure from her part to clinch a Brexit deal and in consequence adding fuel to the hard Brexit fire. Even so, there are some strong levels around this area with the following ones perhaps giving a big fight and preventing further declines: 1.2650, 1.26 and 1.2550. The levels should hold unless there is a new major negative development surrounding the UK situation. Then 1.25 would be then next critical point of support for this pair. On the upside, there might be an attempt to rise closer to 1.28 with the marked lines being reasonable targets for the short-term (1.273 and the area above 1.28). A sustainable move higher could be possible if it remains above 1.28 comfortable before attempting to get closer or above major moving averages which are located around 1.293 (50-day average), 1.2950 (200-day average) and 1.30 (100-day average). The idea is that it can remain contained mainly within the highlighted box area and short scalps with tight SL values can be attempted while also having medium-term positions in mind to the upside or downside, depending on your overall view as well.
by InvestmentPros