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BITCOIN COMPRESSION BREAKOUT POINTS & PRICE TARGETS 01/27/18 2amBITCOIN COMPRESSION BREAKOUT POINTS & PRICE TARGETS 01/27/18 @ 2am EST. BTCUSD is in a long & tight compression pattern with support provided by the Andrews Pitchfork S1 line, and a high to high trend line. With the past 5 bars being inside Bar , a decent breakout trade up or down can now be placed at the upper and lower breakout lines shown on the chart, beginning at the base of each blue arrow on the main chart window. If a breakout up, initial price target is around 15300-15680 around the Andrews Median Line (mid fork). Yet, if a clean non overlapping 5 wave advance unfolds, we could be off to the races again. Conversely, if a breakout lower occurs, the initial target is between the two lines that envelope the down arrow head, between 8600-7700. With the StochRSI having a HIGHER SWING LOW, this is then the first time since the JAN 6th high that a lower risk buy breakout has presented itself. But, as we know from compression patterns, they can go either way. At least the stops & SAR are tight relative the upside potential. Caution as always. Michael Mansfield
BITSTAMP:BTCUSD
by mansfieldcapital
1
Bitcoin to 14.3k before dropping to 7.5k? Or not?Here's what I am currently seeing. Looks like Bitcoin sellers are done for a few days. We could go up to $14.3k before BTC must make a decision. At this point, if the bulls have enough strength, we break out of the channel and continue up to my targets outline here and in previous posts. Target #1 - @20k Target #2 - @28k Or ...we continue down. If we go down, the 200MA will move up and over to meet us at the bottom of my channel where the bottom of the channel and the 200MA will intersect. This will be huge support and should be enough of a correction at that point to get our bulls back in the game. I expect this intersection to take place (if we do go down from 14.3k) in about 2 weeks or so at around $7.4-7.5k. Let's all watch and see how BTC decides to try to surprise us this time around. Lol. Happy trading friends.
BITSTAMP:BTCUSD
by stewdamus
1
BCHUSD Elliott Wave IdeaThis is my first EW idea. I think bitcoin is an excellent case to conduct EW analysis. This idea is cancelled if fundamental factors arise and or price drops significantly below current trend. As it stands now, BCHUSD is trading at 1594 on GDAX with lots of resistance around the .618 fib retrace from the last high. **NOTE** I am not an experienced trader. I am an investor learning long, short, and swing TA. So please, take it easy on me. **DO NOT use my published ideas for making trading or investment decisions. Recommendations are welcomed.
BLong
by fernx
Litecoin to $230 before dropping to $130 and then back up. Here's what I see for little bro, Litecoin. We are currently in a descending triangle. Bulls are still weak. With light volume they could push us up past $219 resistance to $230 strong resistance, but unless there is some major bullish news, we will simple knock our heads on this ceiling and continue downward. If bulls continue to be weak, we'll eventually drop to either our strong black support or to the base of our purple triangle, also strong support. Once here, I expect that Litecoin will have undergone enough of a contraction as to entice our bulls to come back out to play. Base of the purple triangle goes no lower than $125. Should we drop below this then we are really in some trouble as we could go all the way down to $75-80. I don't see this happening. I am not even sure we'll hit the base of our purple triangle again? I simply want to call your attention to all possibilities. Right now the market is waiting. Long term trends are still bullish IMO. However, short term trends have yet to prove any reversal and still bearish as far as I can see. Good luck with your trades my friends. Be cautious and careful as always. Bullish confirmation is a close and open of (2) two new candles (daily) above our purple triangle.
COINBASE:LTCUSD
by stewdamus
ADA CARDANO/BTC STAIR STEP PATTERN AND ACCUMULATING POWER So many expectations in this altcoin that could be placed nothing more or nothing less than in the fifth place in the Coinmarketcap ranking. After having three excellent pumps followed by a period of consolidation when days after having a recession of almost 100% of the last pump remaining flat but consolidating in the shadows, forgotten. This is the moment when ADA / Caradano needs more than ever back its volume, its people and interest. Target levels to achieve: PT1, 2 and 3 And it's just the beginning. Let's really put Cardano in the 5th place. and let's be clear how many of us who believe in this currency. How always thanks for the amount of followers that grows every day, likes, thanks for good calls, that fills me with pride to make charts to share with you and with these results. You can follow me on the steemit channel: steemit.com I wait for you and thank you for your time! More data: www.cardanohub.org cardanofoundation.org coinmarketcap.com News: cryptopanic.com
Long
by AndresThomasShirakawa
7
Strat, +100% GainI think strat is finally turning. Looks like we are still in a tunnel but once we break out it will probably reach 1200. So why do I think that, The BTC fork will be in few days which leads to free BTG, These BTG will probably be sold fast and moved in to alts instead. A lot of people have been talking about strat for a long time and when it starts to move, I believe many will hop on the train. I bought strat yesterday and will hold to 2-3 days after the fork if nothing crazy happens.
S
by Bjurhager
1