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Reversalpoint

BTC/USD - THE GOLDEN BULL (ELLIOT W, RSI, MACD, TREND & MORE)In this chart we're looking at a few different things but with a positive sentiment overall. It's been a hell of a ride in the last 24 hours and we need all of the information we can get. So let's get right to it. After dipping to about $7500 early this morning, the bulls finally came out to play and we got the trend reversal we were so eager to see. (A) Support is now at $8500.00 (Green Line) (B) Resistance is being observed between $9000.00-$9200.00 (Red Lines) (C) Next target should be $10125.00 (where we've seen heavy resistance in the last 24 hours. (Yellow Dotted Line) (D) The new trend support line can be observed on the chart as (Magenta Line) (E) The MACD is on an upward trend. (F) The RSI is hovering at around 50 but consistently with the MACD, it is also on a slow upward trend. (G) The climb from this morning's bottom-out ($7500) to the current resistance point has retraced to a very optimistic 38.2% FIB level. This should keep the bulls happy. (continue reading on next page...) (H) Once we break out of the (B) resistance levels, we will also be breaking out of the bearish trend/channel resistance (as seen by the dashed gray line that began on January 29th. This should send us easily on our way to our new resistance of $10125.00. (I) Currently we are navigating in the upper portion of the Bollinger Band indicator, which could potentially mean, a small correctory movement, which I personally wouldn’t be too worried about. (J) The final resistance in our current wave impulse cycle will be seen when we reach $11000 (Dotted Blue Line), at which point we will begin the corresponding 3-point correction/retracement. (K) The most crucial moment will come when we reach the area in the GREEN highlighted ellipse. Where many trend lines, supports, and fib levels coincide. Looking forward to it. As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
COINBASE:BTCUSDLong
by ZpaceBuddha
Seeking enter point in altcoin market? DOGE's answer!It is all about timing in altcoin trading, to maximize our profits, we have to 1) find the right coin; 2) find the right time. To me, the latter is even harder because the market has provided us plenty of opportunities, it is not easy, but not that hard to find a promising altcoin, however, timing is very difficult to determine as we might suffer longer loss or loss of opportunity cost if picking up the wrong timing. More importantly, in a market with so much fluctuation, nothing is more easily lost than PATIENCE. So, even if we find the right coin, we might still sell too early to secure expected profits. It is absolutely very difficult, nearly impossible, to predict the price peak of a uptrend of a coin, however, it is possible to find a better, if not best, timing to start our long position to ambush the future uptrend. A better timing could offer us: 1) shorter time waiting; 2) lower threshold level of patience; 3) smaller opportunity cost. In the long run (daily chart for altcoin is already very macro-scope), you have to take volume very seriously. Sudden increment in volume should always be flagged because it is a very important forecast indicator. By using OBV and OBV/PRICE, we could follow the impulse and buy when it happens. However, even if a huge winner like DOGE, the waiting is no less devastating and it is no so easy to take all the profit because early selling is quite possible. So I recommend multi confirmation, even if the OBV sometimes shows great potential, consolidation never ends unless it is broken with volume, which also provides room for OBV to rise significantly. Investors may well sometime frightened by a sudden impulse in price and choose not to chase, but we must analyze whether the breakthrough is solid. In the example of DOGE, you still have the chance to open your position at 30 satoshi in 4 days. Never buy in with panic, re-check the OBV, be really greedy when it wakes up to avoid buying too early.
by marchings
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
USDJPY- Get read for another sucessfullshortUSDJPY- Get read for another successful short. Why? 1- The pair is moving inside a Range 2- Huge Resistance area above 113 regions. 3- Fundamentals and Safe Havens vs Risks, makes this a Very Volatile pair. Recommendations 1- The Key to Win this trade is your mindset, don't bother about the short term price action. 2- It is likely to be a "Hard Victory", with lots of fight "price action". 2- Just stay inside this scheme but please don't marry with the idea at all. 3- Follow your trading instincts, and unleash your emotional potential. 4- Have yourself a Plan B.. or you may you prefer to test it on the demo account. 4- I Will not be responsible for an unfavoured outcome. Good Luck Traders!
Short
by Leinvestment
4