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Silver, Symmetrical Triangle AnalysisSilver has slowly created a long-term Symmetrical Triangle Pattern. There is also a Strong Support that already did his job many times, so there's no doubt that it will continue doing it even after the Triangle Breakout will arrive. But now there's a even more important pattern doing very well ; the Rectangle is actually stronger than the Triangle and this pattern can be considered as a long-term Accumulation phase after the big downward trend finished at the beggining of 2016. What do i think it's gonna happen now? Well, i think that price is going to break the bearish resistance of the Triangle (the red line) and retest the resistance of the channel . In my opinion, the probability for it to break the long-term support (green area) is very low and just in the case it will, the area around 15 can be used as a new support level. Sky is not the Limit The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
COMEX:SI1!
by UnknownUnicorn1249598
BTC: Bulls Hesitant on Follow Through [MicroAnalysis]BTC Microanalysis: "Forest for the trees but the trees still make the forest." After a good consolidation and pump, bulls are giving up the momentum a little too early by failing the 5th-wave breakout on smaller time frames, taking all 5 wave attempts just to reach the 141 extension. Normal follow through after a consolidation/pump will typically reach the 161 by the 5th wave at minimum, many times by the 3rd wave. As long as BTC holds above 9k, the Adam & Eve scenario is still looking good, but this does point to some sideways action and raises the potential risk of downside for the time being.
BITFINEX:BTCUSD
by serekamina
1
Intraday OpportunityHello buddies, Last prediction is reached. Let's see today forecast. Today my algo shows the daily target is within 6,855-6,858 level, which is already reached by today's transactions. Market may be in sideways mood. The activity range could be between 6660-ish level to 6890-ish level. There is a possibility that market could reach 6,916-ish level. Hit:Miss ratio is 48:52, which is not promising. However, the accuracy for being higher then the opening price is around 80%. The market is in temporal long. Have a nice day.
BITFINEX:BTCUSDLong
by agiprasetiadi
BTC -INVERSE BART SIMPSON HEAD AT PLAYOn my last chart i gave you that Pennant, that i commented meant nothing. It broke down in the beginning but bounced upwards after, manipulation is at play. So TA is incredibly hard to get accurate at the moment... As for now, Inverse Bart head on the 2h Will we create his neck line? Doesn't seem likely , 6900 has been a resistance for BTC as of recently. Bulls tried several times, and volume is low. Maybe while i sleep some new Bulls will break it. If not we shouldn't have much of a drop so not to worry. Sorry about the bland chart btw, i don't feel comfortable making a call on BTC recently because it isn't following most TA rules. If you see the top authors they are mostly wrong, a few times being right.
COINBASE:BTCUSD
by tokeylokey66
1
long term closing triangleRemoved many in-analysis parameters & indicators for provide clear vision to readers. Here is the long term lines on both ways. Blue line comes from 25 May 2017 . it is on 7500 $ level. strong support level. If down more, have red line comes from July 2017. it is on 7000 $ level currently. buying around support levels and sell at orange level can be useful. If it will down below red line, stop loss can save life. this triangle will be close latest at 17 April and will have new trend. Watch and see.
BITFINEX:BTCUSD
by SnowUnderSun
ALT SEASON OR BTC BULL RUN?They say people only see what they want to believe, that markets exist to make fools of the overly hopeful... Well, half of the crowd is calling for an alt season, and the other half for a new BTC all time high. IMO both groups are jumping the gun as we are still in a downtrend! In order for either to occur BTC needs to enter a sideways accumulation phase first. On the log 1D I see a clear uptrend & downtrend, based on which I can assume we will narrowly escape this downward spiral in mid-April and have ourselves an alt-season. Why not a BTC bull run? Simple - we can't start another BTC run-up until we consolidate, and historically we see that when BTC consolidates, alts flourish! BTC has yet to move sideways whereas many alts have been bottomed out for months already. Of course, neither alt nor BTC can flourish with the low volume we're having lately - we need a newfound public optimism in the cryptosphere to proceed. Furthermore, for 2018 to be the biggest year for crypto yet, we will need institutional money to enter as well, which we all know is waiting for the green light from regulators. With most of the FUD from this past quarter exhausted, & though its contradictory to my opening sentence, I feel HOPEFUL for the remainder of 2018 :). Just my thoughts, happy trading!
BITFINEX:BTCUSD
by AspiringPro
1
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!
by RealCashCannon
1
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.
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by RealCashCannon