Possible sideways for GVT pre alpha release... then ATHGVT has shown prolonged periods of sideways movement after every correction with erratic peaks and dips between the start and end of each wave.
note: the lowest dip of that third curve (crossover between wave 4 and wave 5, aka bearish to bullish) is right on 31st March... alpha release :-)
Sideways
Will BTCUSD break out of the sideways trend today?We will see another test of the red dashed upper borderline of the down channel and the support line S1 at 8486. The sideways trend remains intact until the support level S1 will be broken.
There is a target of the double top formation at 6852. The overall sentiment remains bearish as long as BTCUSD is below Pivot point.
Bitcoin is just hanging about. BTCUSD is still goofing around the upper borderline (red dashed line) of the down channel. It is also near Pivot point (9267) and we expect another day of sideways movement.
cold weather on Bitcoin.Yesterday stormed all indicators with panic sells after loosing trust on a exchange platform. we are already below of 50 days MA. we are at edge of line.
If BTC can not move above channel in today close, it may down to 200 days MA ( orange line ) or more lower edges ( blue and red ) of triange.
if recover in daily close, still have hope to see sun.
both options are still on table. watch closely
educational purposes only. take your own risk
BTCUSD is still locked inside a sideways trend.The daily chart is still locked in a sideways channel between 9280 and 11788. Watch out for an outbreak of this channel.
Pivot point is at 10070.
LITECOIN - Jack in the box! Just be patient.LTC looking for a break we have now been in a downward trend for a few days, we are now in accumulation within the red channel the longer we are here the bigger the break.
I will not be trading LTC until we confirm a breakout it could be days, weeks but once we close above the red line on top of channel its a buy.
Current resistance is the 20 day EMA at .0186
RSI needs to break redline and hold above as the first signal to then monitor for the break and candle to close over the red line.
I will not buy until a candle closes over the top of .0186
If your holding LTC expect some sideways action I would personally exit and renter later to not have funds tied up dead.
Earn and learn people!
Trading in channel, sideways until we break high...TRST is currently going sideways but the RSI showing signs of a positive divergence and high probability we will break the channel high.
You can profit from this until we see the break buy the red line sell the green line. Only sell the green line when you have see that you have a downward bar maybe go down to hourly candles for this.
If we break the top green line hold but set stop loss on the green bar.
Easy trade 2-5% profit per day, safe trade, slow trade boring for some to me profit is profit I will take it.
Litecoin Short Term TA Day 16Happy monday everyone. Litecoin hasn't been to exciting the last few days. We have been closing in a newly formed pennant (green trend lines). We still have a few days before that closes in, so I expect us to continue moving sideways bouncing off both the support and resistance. This could of course change any moment as you know with cryptos.
Currently, we are trying to maintain our short term support of our current bullish pattern. The Stoch Rsi is suggesting a bounce off the support as expected, but lets see if it can hold up. If we want to continue this trend, we will need to get past the $216 mark. That is where our main resistance is and breaking that will break our current pennant that I mentioned earlier. Personally, I expect us to bounce off it, but you never know...
If we do break our current short term support, our next main support will be in the upper $200's. I don't expect us to go any lower than $206 unless the volume increases and there is a sell off.
I apologize that I have not posted any new updated TA's last week. I have been busy with mid terms and just now caught a break. It worked out though because LTC has pretty much only been moving sideways and nothing to crazy has happened.
If we break our main resistance or support, I will update this. Otherwise, I expect us to continue moving sideways.
Check out my previous day TA'S in the related ideas section and please like/follow if you would like to stay updated with my daily TA's. Have a great guys
ETHUSD: What Ethereum doing? Breakout, but When?The ETH did not move much the past few days. The market move sideways and we see the classic example of balance between buyer and sellers. None of them takes initiative to move the price. It is the area where previous bears and bulls take their profits and new traders are not stepping in, because they not sure what is going to happen next. Patience is the key in this type of situations. The best approach here is to wait the price to move and then enter at the breakout.
BTC Resistance @ $11,200Dealing with some tough resistance @ $11,200, which was also Resistance back on the 21st of this month. Expecting a higher low to form and then will reevaluate. Still well above Ichi Cloud Support and volume right now is relatively low.
Sideways movement still prevailsBTCUSD is still fluctuating around the red dashed downtrend line. This sideward movement will probably continue until BTCUSD touches the blue curve again and reflects upwards.
There is a quadruple support (blue circle) that will keep BTCUSD above the blue curve:
1. Support level S1 at 10029.
2. Support level 10128.
3. The blue curve.
4. The blue, thin, dotted downtrend line.
Alternative scenario: If BTCUSD breaks the blue curve, the old target 5511 comes into play again. However, it will be very unlikely that the blue curve will let go.
Pivot point is at 10547. As the above-described scenario will happen below Pivot point, a bearish touch will be added to the described scenario.
BITCOIN: CRUCIAL HOURS!The price has broken down the bearish trendline represented in red colour, generating a strong bullish impulse and then starting a lateralization phase. At the moment it is racing the resistence and if it broke the resistence down a bullish movement with a target of 11,000 USD might happen. However, pay attention to the negative divergence between the price and the R.S.I. that is a sign of weakness of the price. If the support at 10,000 USD of the lateralization area was broken down, a further retracement at about 9,800 USD might happen.
The Rules of Bitcoin. The art of hodling Bitcoin and USD.Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify Fibonnaci Retractment Levels in some timeframe.
It is unwise to do trades with emotions (FOMO and FUD) near those rules. I personally add 15% of my crypto net worth into Bitcoin and USD on those rules, regardless of its volatility behaviour. If you fail to set aside your emotions, look at those rules and treat those rules as Support and Resistance . Always secure small profit and set a tight stop-loss, in volatile market, conservative wins, always.
**Indicator constantly fails Bitcoin . Name it, MACD , RSI , BB, EMA (12, 26, 50, 100, 200), SMMA (7). It gives you false signal. Some of you feel the market is highly manipulated, and it is. Bot are not in favor in this market, at all. Case: A bot was created with the intention to get a 100% profitability, and it was achieved on 7-day timestamp Backtest environment. However, do you know what happen within the next days? It was starting to lose money.
**Bitcoin market cap is 173 billion USD as we speak. However, the market behaviour somehow it's not correlated with its volatility behaviour. It is speculated that the actual market cap isn't 173 billion USD, far from that number, which turns out to be true will justify its volatility behaviour.
**It is unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it).
**This information is not a recommendation to buy or sell.
Chop is bad? Daytrading the swings (Concept Of Pain)"A choppy market is bad, can't make money in this erratic sideways movements..." I often read these statements, but is it true?
Not if you can trade a 800 point range in Bitcoin and make money from the swings intraday.
The key to trading with price action in a range is to buy low and sell high.
Of course that sounds trivial, but it is not, because the market tries to trap people into thinking that the range is over and done.
So a lot of traders start thinking " new strong trend" and buy high or sell low, expecting the trend to go on.
These breakout points often look very bullish/bearish and it may feel "easy" to go long/short at these points, but they are the worst places to enter long/short.
So always ask yourself "what can the market at this point do to inflict pain, to cause damage?"...
The concept of pain in intraday trading is extremely important, because what do you think drives prices intraday when there are no news?
It is just a game of fooling other traders and to trap them in the wrong direction.
When people can't stand the pain any more and close their position because all hope is lost, then the markets turns and goes straight to the point where they may have thought it would go.
So try to think tactical all the time: Where are breakeven stops or stop loss levels of "easy" entries? Prices tend to go there!
Sorry for that philosophical rant, but it is the weekend and I felt like sharing my philosophy :)
Now we get down to business and look at some price action entries (numbered arrows):
Trade 1: After I wrote in my last posting (see link below), that I expect a sideways movement and a target of 9600, there was a short entry at the top of the range.
At this point some people might have thought we have a double bottom at 9750 and a new uptrend, but I there is often a third test or a new low (9600).
Notice how bearish it looked at 9600, a lot of longs might have been closing their position at this point.
Next thing you know prices rise to 10.000 again...the concept of pain, remember?
Trade 2 + 3: Prices now are moving in the range again. The breakeven stops from the early longs at 9700 have been taken out, the second leg up can start.
That would take prices near the top of the range again (10.100).
Trade 2 is more aggressive than Nr.3, because there is only a small double bottom and a bullish candle. Trade 3 is a failed second entry short in a steeper short term uptrend.
Trade 4: This short illustrates the concept of pain again. We now have seen a break of the steeper uptrend from trades 2+3, then two legs up to a new high:
This is where you expect a move down. Prices also climbed right to the top of a possible broader uptrend channel (acting like a range).
As a skilled price action trader you look for an aggressive short entry at this point, while others are crying "moon" because of the uptrend and the breakout above 10.250.
Trade 5 + 6: Now a all the "easy" long entries (above Trade 3) have seen their breakeven stops hit, the concept of pain again!
The market has moved down in two legs to the lower side of the upwards tilted channel at 9.900, it sure looks bearish again, right?
Meanwhile a lot of people are short again and may already look for a retest of the low at 9.600. But that would be too easy, so the concept of pain strikes again!
Prices rocket up in a steep trend making a new high (10.500). The powerful trend is now fueled by all the stops from shorts who need to exit.
Again trade 5 is more agressive than trade 6, both can be seen as failed second entry shorts, but at trade 6 there is already the steep uptrend in play.
Trade 7: Up there people think long, we have a strong uptrend and a new high and higher lows, right? The same price action pattern as always: After the break of an uptrend and two legs to a new high you should be careful about that long position ;) The space for text here is limited, continues in update...
LBRY Credits (LBRY) Analysis and Trend Identification.I heard about BITTREX:LBCBTC back in early January and bought in right around the peak in January. I was riding the upward channel for a couple of days but failed to stick to my guns and decided to hold. Since then, I've seen a 50% retrace and am seeing a slowing of the downward trend. See my other analysis in the related link below on BINANCE:RLCBTC where we see similar signs and a near perfect bounce off of the parabolic upward-facing line. I'm not seeing BITTREX:LBCBTC level out quite as much, but the charts are surprisingly similar. We will likely continue in the downward channel for a bit longer. A move towards the upward edge of the channel will be a sign of a potential reversal.
See the several spikes on the upward channel that I saw as a strong sign a month ago -- the RSI showed overbought and right after we saw a retrace. We've seen three oversold markers on this descent, and it seems like there will be a fourth touch coming up soon. The difference is, we're leveling out approaching the next touch. I'm looking for a touch within the purple circle and a retrace following the right side of the parabolic line. Significant volume on a reversal should signal the end of this downtrend and put us into another bullish trend, as COINBASE:BTCUSD leads the recovery of the entire market.
If we see the price continue to drop with no dip below the RSI bound, this will confirm another continuation of the downward trend. I'd like to hear your thoughts on BITTREX:LBCBTC ! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
New major trend is a sideways movementOn February 12, BTCUSD crossed the brown dashed trendline and it seems that the major downtrend ended. However, the new trend is not an uptrend, but a sideways movement. The price of Bitcoin is fluctuating around Pivot Point.
An outbreak of this sideways movement can establish either a new uptrend or a continuation of the downtrend above the brown dashed trendline.
Pivot Point is 8592. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
W? What?BTCUSD
What could happen? Can the bulls recreate dubs? If so, Fib says 9k is in play, recreating the Fib extension from the last W.
If bears take over, 8400 and 8200 are in sight. EMA's are favoring the bears a bit also.
EURUSD is locked inside a sideward movementFor the next few days, EURUSD is locked inside a sideways channel, before it continues travelling South. Watch it closely for not missing the outbreak of the sideways channel.
AMZN Forming WedgeAMZN Sideways Condition
Waiting For New Color & Number To Confirm Direction
Color Green
Number None
