Where is the Rocket Ship? Far Beyond the Battle Fields ... — BCHHey crypto friends! What's up? Since my last update BCH got shaken up by price developments coming from main influencer BTC. There we had a head and shoulders formation which led to a price decline to $11.050 and which is still stabilizing in order to complete the right shoulder of the big inverse head & shoulders (IH&S) formation. In the case a) BTC manages to complete its right shoulder and b) manages to breakout above the neckline, I see below described potential battles against trendlines for BCH. In case BTC fails to breakout, we have to reassess the situation and may see some bearish development. So in the positive case we may see the following battles:
A - Top of downward channel : We are still expecting BCH to breakout of the downward channel. There were various not so successful attempts so far.
B - 50 EMA : BCH has to regain support from the 50 EMA (orange).
C - Neckline IH&S : The red dashed neckline offered heavy resistance recently. In case we reach the neckline, we may see some bounces or pullbacks.
D - Fib 0.618 : Once ABC are overcome the next challenge is the 0.618 retracement from the $1.630 high.
E - 200 EMA : Another very important resistance to overcome. Especially when allied with F (see next bullet).
F - Fib 0.5 : Another Fibonacci retracement to conquer, probably showing heavy resistance, especially when allied with the 200 EMA (see E).
G - Fib 0.382 : Having successfully beaten all resistances from A to F this one should be rather easy to master.
H - Target of IH&S formation : Having surpassed all resistances from A to G we may reach our envisioned target which is measured as the height of the inverse head added to the neckline of the inverse head & shoulders formation.
I - BCH rocket ready for lift-off? Watch BCHBTC pair : Just in case BCH is successful in all of the battles from A to H and in the case BTC breaks out of its neckline with a potential price gain of $5.000 (from roughly $11.500 at neckline to $16.500) or more than 40% then we should direct our attention to the BCHBTC pair. Below chart shows a falling wedge pattern from the 0.20489 BTC high on Jan 10, 2018. Yesterday the price touched a long-term low of 0.11001 BTC per BCH which represents a bounce off from the bottom of the falling wedge. Current price action shows a development back into the tip of the wedge. In case we manage to get back up to the 0.786 Fibonacci retracement we will touch the top of the falling wedge at roughly 0.13 BTC per BCH. This gives us a potential price range for BCH in case BTC reaches its $16.500 target anytime soon: $1.815 (for the current price of 0.11 BTC) to $2.145 (for 0.13 BTC or the top of the falling wedge pattern). In case we have a breakout of the falling wedge we may see BCH reaching former highs like 0.20 BTC. In this case we may even target the $3.300 range which would represent an increase of more than 250% from the current price level. But this is very hypothetical at this point-in-time.
Let's further observe price action and focus on the first few bullets towards the IH&S target. Comments and thoughts are very welcome. Thanks for your attention. ;-)
*** The information provided here is no recommendation to buy or sell. It's just an idea for educational and discussion purposes. ***
Rocket
ARNBTC Aeron. Bull Run (update)All indicators navigating for a strong rise soon, I'll put my sell order at 0.000498 and then exit that trade. It's accumulating right now and waiting for whales to enter the game. It's over all EMAs and SMAs, also it's consolidating right now to bounce hard. Prepare yourself !
say hi to the rocketthere is no where to decrease anymore. First target is 9000 second one is over 14000
Ready for lift off. Bitcoin USDWhats up traders,
Coming to that time of the year again where we see a monster rally in bitcoin. Coming into wave 3 we should see the strongest climb bitcoin has ever seen. IF we successfully get a bounce on the 236 fib we will be starting on wave 3 of this cycle. 9,600-9200 is that magic number. If by any chance we break those levels those levels I will not be in this market.
We got front row seats to a rocket launch.
*If you find this information useful please do your own research*
-Toaby
LTC possible breakout! +20-30% SHORT, MIDDLE +100%Possible LTCBTC breakout!
SMA20 already crossed bars and now started 2nd Elliot Wave to blue point (3). Another indicator is double bottom formation which is also a bullish signal.
LTC has a good sentiment because LitePay is coming soon.
Hope my chart helped!
XRP/USDTBottom spotted , moving already .Just a matter of time untill MG accepts payments via XRP (Testing )
adani transmission ready to be rocket.Adani transmission target from here is rs.250 easy achievable. short loss will be below 200.
people who giving up prepared the rocket for usI am not sure before it arrives to 185 sat is there another drawback about 130, but if gets 185 this is a sell zone and the nex buy zone is 100-110. Also i can't tell the next sell zone, It may arrives over 200 or 300.
XLM Ellioted on the MOON? Maybe +++% UP!!According to the Fibbonachi retracement and Elliot Waves cycles, there could be a +++% UP !! Starting the first Wave right now! Wait for a next wave pattern!
- 0.786 level broke and now finishing the (1) Elliot Wave (Orange color).
PS: The purple color version is more pessimistic version, but still nice chance to hop in the rocket !
LEND Bull signalLend is showing some bull signals. With a kumo twist incoming on the Ichimoku. I think we are ready for a run!
XVGBTC 150% profit SHORT TERM READ NOWHello, This is my idea on what is going to happen in the next 1-2 weeks... possibly earlier. I am very new to TA this is my first published idea(I am open to corrections to anything in my idea). I've seen multiple ideas suggesting this idea but I thought I should refresh your minds :).
We can see a uptrend channel/ Breaking of pennant (The lows keep getting higher)
Buy in NOW :1200-1400 SATOSHIS
TARGET: 3000 SATOSHIS
This trade will allow 150% of profits and it is almost guaranteed (not always think of it like gambling).
40 % - 1 day !!!! ON THE LIFT OF AREA ...XMR /BTCToday XMR had a slow and small trip up. Like a Rocket being pulled to the lift of area.
ITS TIME!!!!!!
ROCKET ON PLACE.
TWO TARGETS.
GOOD LUCK AND GOOD PROFIT.
Bullish Daily BTC HammerIt's so beautiful I couldn't resist the temptation make another useless idea. Up we go.
But let's wait for a confirmation first.
LTC - Downtrend Continues... MOON INCOMING??It appears LTC struggles to break the downtrend line, which will result in a 15% drop down to the 260-270 support levels in the next few hours. If it holds there, then we might see a parabolic movement for Litecoin.
BTC BREAKOUT ACTION AND SUPPORT LEVELSMy goal is simplicity on this one - Trend, Technical Analysis, Support Levels. Like many traders, I put too much faith in the institutional shorts in the futures trade this week and missed a perfect buying opportunity in the 13,500 area. So I'm getting back in gear here. We have reached higher highs on BTC today. In order to forecast what happens next, lets see how this has played back in the recent past. Wedge, breakout, consolidation, breakout, wedge, breakout! So my forecast over the next 2 weeks is either a 1.) wedge pattern > breakout or 2.) consolidation > breakout, and I would like to see my traders recognizing both scenarios and taking action. Either way, keep your eyes on the markets and let me know what you think! Buy the breakout. Buy the pullback. Support levels listed above on the chart. We are headed to $20,000 very soon!!!
DOGEBTC D1 LONG - 7-month Market Cycle + Year of the Dog 2018$DOGE follows a consistent yearly market cycle, with 10x returns upon completion.
History shows this cycle is timely and reliable.
Vix oscillator indicates bottom has been tested a few times, can only go up from here.
$DOGE is re-branding, 2018 is the Year of the Dog.
OMG USD - Nice Cup and Handle forming on the dailyHad a nice pull back to the 50% fib and settled, now forming a nice cup and handle. looking to Rocket over the next week.
'Rocket to Moon' chart pattern forming on BTC 1 day chartHello world. My first published idea crypto chart. Bitcoin destino la luna.!!!!!
BITCOIN 4 WEEKS - FIBONACCI FORECAST Let's take a look at a lesser used form of Fibonacci - Spirals! Trend is still very bullish as everyone can see. We are testing highs again over the next few weeks. Three things can happen - consolidation through the Resistance Area, or a change up or down to the Target Area or Correction Area. All the signals are pointing to the price moving UP. My position is Long and I don't see the Bulls getting shaken out of this pattern just yet. My suggestion - HOLD LONG. More updates to come. Cheers - Bryant
BitcoinHope you bought some at the lower levles I did but a lot less then I should have. If you didn´t this might be a good buying-opportunity. We have rejected lower pricelevels and the market is turning opptimistic again. We have had a big jump up and the price has landed on previous resistance which has become support. If the price holds and do not break down we can ecpect the price to rise further but if it breaks we get out and watch out for what the market tells us.
Bitcoin technical Just my short-term technical analysis on bitcoin.
As I said earlier I belive this is just a minor correction and BCH is not the new bitcoin
