Bitcoin SHORTSimple. We are in a curve fractal and we are curving down. Bullish volume is decreasing,this is also an equilibrium, meaning that the candle will basically mirror themselves. They came up bullish, now we fall bearish. Now if we go sideways, which i doubt, then the fractal is basically over and we look for new fractals or continuing ones which are in play on bigger time frames. Now if we break above 7150 then we should shoot up to around 7300. Trade at your own risk. :)))
TA
BTC Range, opportunity to trade.Context: As I said in my previous Bitcoin TA that went exactly as expected, the Bitcoin price is ranging upward. In this chart, this range is defined by the green range zone. After the pump that I anticipated in my last TA, price is consolidating.
Opportunity: After this short consolidation I believe that the price is going to pump to the $6870 resistance before it will pull back to the bottom of the range. This resistance is confirmed by several elements that are appearing on the chart: 1) The 68.20% fib level from the most recent Bitcoin pump that happened at the end of July, 2) The resistance on the RSI that is corroborating the recent movements of the Bitcoin's price, 3) The same kind of resistance is present on the OBV indicator.
Confirmation:
Very short term LONG position: This position is effective now, but be careful (do not forget your stop-loss).
Short term SHORT position: This position will be confirmed when the price of the Bitcoin will reach the resistance at $6870 and that the MACD Signal line will cross the MACD Line downward. We will as well see the RSI and the OBV react as anticipated.
Invalidation:
Very short term LONG position: This position will be invalidated if MACD cross happens before any pump and that would confirm that a downtrend is created.
Short term SHORT position: This position will be invalidated if the price goes over the 68.20% fib level and CLOSE over it. Even if the 1'st position is invalidated, I think that this SHORT position will still be tradable.
Bitcoin SHORTWe have another inverse curve fractal going on here was well as a repeating box fractal. I went short as soon as we breached 6700 just now. I have a couple scale in orders reaching up to 6780 incase we wick there to average up my entry. Shorts have the best Risk:Reward right now. We are also at the top of the trending range that we have been trading in. Trade at your own risk, thank you!:)
XLM, Opportunity to buy soon.Context: Stellar is consolidating and compressing since a long time. The price has now broke his long side-ward resistance and had a shot pull-back on it before continuing a bull trend.
Opportunity: There will be an opportunity to buy soon because the market is finishing his consolidation and has crossed this resistance.
Confirmation: This signal will be confirmed when the 20 SMA will cross over the 50 SMA. Aa good moment to open the position is when the Stochastic RSI will be around his 50 level.
Invalidation: This signal will be invalidated if the price drops towards the green support.
Long Term Bitcoin ForecastContext: Since the beginning of August, the price of Bitcoin is consolidating in a range defined by a key support(green zone).
*Note that the bottom of the support zone is defined by the 78.60% fib retracement level of the December 2017 Bull Run.
Opportunity: The consolidation can be also seen as an accumulation. This accumulation can lead into drastic price movements. As you can see on the chart, my forecast is that the price will drop to the next support zone below just before the next bull run. The price will drop on the upper support of the support zone and will bounce on the green oblique support. Chronologically talking, my TA tells me that this price movement will happen at the end of September and at the beginning of October. In my opinion, these price movements will be powerful and fast. We need this selling volume to have a powerfull movement in the opposite direction too.
Confirmation: We will get a confirmation of this forecast when the RSI indicator will get below 30, at his oversold level, and crosses back to the 30 dotted line. I expect the MACD to cross upward to confirm the trend.
Invalidation: This TA will get invalidated if the price bounces hard on the blue fib level and that the Bitcoin price gets over his green support zone.
Bitcoin LONGBitcoin shorts on bitfinex are approaching their all time high, what does this mean for the price of btc??? I think we are going to have yet another short purge. I expect a big green dildo to 6,620 at least. Not your normal fractal, but trading against human phycology is an indicator on its own. Like do the opposite of what cnbc says do lol. If you follow the herd, youll end up like the herd. 90% of traders lose money, right? So why would you follow them??? Thank yall for reading, more analysis to come :)
cardanolocated in wedge / there is some hidden bullish div on sotch and cci-rsi but not too much strong.
stop loss below long support line (5-10% loss).
btc is show some movement /if btc can move slightly higher we can upward move in cardano.
fundamental:
august
15 Special Announcement
16 meetup
21 meetup
31 cardano v 1.3
have a good trade/ give a like if this analyze deserve.
SHORT DJI - DOW 30 ? and general stock market?Now I'm no expert EW tactician but this is what I see. Using Fib Retracements, it appears that we may be on a larger time frame's C wave down. It will take a few weeks to months to play out in my opinion.
We also see bearish divergences in the RSI. Last time this happened was months ago.
2-3 week target is 23,500
XRP possible last opp for a good short Looking back into the history and the pattern similarities I think the price may pop up to the trend line as it did before and then bounce down(see blue boxes and green targets). That's a great opportunity to get in a nice short pos (.0006240).
Afterwards, this time I think there will be a consolidation period, rather than the radical pump up. That's the two lower yellow lines you see with the dotted white line right down the middle. That will be my trading zone/range
Can Bitcoin Bounce Off These Key Support Points??According to the 12/Hour chart: The RSI is around 30, which is pretty low. And Bitcoin is currently on the 13th candle; which could be could news for Bulls since Bitcoin is also at 2 key support points (the red lines).
If Bitcoin can't hold the support around $6870, the next support line will be around $5540.
The 6/Hour Chart:
The Daily Chart:
The Weekly Chart:
ETHUSD Buy Demark Setup PerfectionGoing Long ETHUSD -2.44% -2.82% with a Demark Setup Buy Perfection signaled on the 12 hour chart and a move above the high of the 9 bar at 415.89
-Long at 415.89 or better (got filled Saturday morning at 405.96)
-Stop with a *12 hour bar close* below 399.13 (the 12 hour candle must close below this level to signal liquidation, merely going below does not stop me out of this trade).
Currently BTC as below 7000 but sitting on the 61.8 level for support, 6500 is the next support if it doesn't turn around here. This is weighing down all crypto at the moment. This weekend should be pretty volatile, try not to puke!
That being said, I am only focused on trading these Demark Setup Perfections as the backtests have proven exceptional.
Will look to add to this position if it moves in our direction.
BTC Update 04.08.2017, long opportunityOnce again Bitcoin is approaching a critical level based on our previous analysis.
The Golden ration number from our previous call at $6815 is within reach. Now we stated numerous times it is a very key level on the trend bitcoin will be taking now.
If this level holds which is our assumption, we will be heading up to test previous highs and also new resistance where the red arrow points.
If we lose the critical support however, the bearish scenario will be in play and it will take us sub $6000 with a high probability to hit even lows of sub $5000.
Our recommended trade here is ladder longs in the green rectangle area and HOLD them. Only SL if we break below $6650 since there will be a pretty high chance to rebuy BTC Alot lower.
Trade safely!
BTC : Logical slip lower in classic post-bear basingAs I suspected in last update, this first run above then down to the 150 day moving average as support did not hold. It was an important battle move for the bulls, but more time is necessary. Today we logically slipped down a bit, to find the 50 day moving average in the blink of an eye and of course it aligns with logical horizontal support.
So again... will it hold? 50/50 are the odds I'd give it. Our long side eyes want to see it hold, but ultimately it's a coin flip. To be honest, a break and fall back to test that H&S neckline is just as likely and that would have a long term positive affect by washing out a few (or more than a few) more weak hands.
This is classic technical basing following a harsh period of bear dominance
#BTC 1H timeframe updatePrice of Bitcoin has continued to consolidate and has been showing more bearish signs than bullish on 1H timeframe.
Bearish confirmations include a breakdown from descending triangle, showing...
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