XRP/USD - Did We Bottom - Now To The Top?This is a follow up to last nights video on XRP/USD.
We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90.
The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price move down and retest the 200EMA, but at these discount prices, I would expect to see some quick buying action push price back up.
I hope you enjoyed the video, give me a like and leave a comment... good or bad!
Targets
XRP/USD - Just 4 You @RusticrockQuick video at the request of one of my followers. I hope you and everyone else finds this video helpful.
Overall as with all cryptos at the moment, i continue to see bearish indication across all coins and that's the same here. I think we are approaching a level of resistance that will be tested and aligns with previous price action structure.
A break and close below this level could see price move towards the 2nd target without much resistance to stand it its way. However, as we inch lower, I believe the buying pressure will accumulate quicker as XRP at these levels are on super discount.
BTCUSD - We Got Low Got Low - Is 7K Around Corner?Quick up date this evening BTC and a follow on to my previous video.
Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2.
I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up great buying opportunities.
Below is the link to last nights video!
I hope you enjoyed the video, like, share and leave me a comment even if to just say hi. And follow to stay up today with my updates.
LTCUSD - Lower Target Setup Playing Out! :)Checking LTC this morning, I'm seeing my update last night play out perfectly (Tradingview has configuration issues, so the post was hidden by them, as the video will not play). Anyway, here is what i'm seeing and the setup, which is very similar to the one on BTC is playing out (video linked below).
Here are the Daily, 4HR, and 1HR charts with notes.
I'll be watching the 4HR to see if we close below the overall uptrend line, which is most likely to happen give the size of the candle forming and that we have about 10mins before it closed.
I'll also be watching the daily close today on this candle to see if it closed below, which would be great confirmation of more down side pressure.
On the 1HR, we have a clear break of the up trend line, a pull back to test it, but seeing current pressure to reject a break back above the trend line on the hourly chart.
I believe T1 is extremely in play as the first buy opportunity in this setup. So i'll be looking to add to position at this level and keeping eye out see if T2 comes into play as well.
1HR
4HR -
Daily
Litecoin Entering $110-160 Buy Zone!
Litecoin has entered our buy zone!
After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go? Up or down?
Almost all signs indicate that we will go up from here:
1) MACD oversold
2) RSI oversold
3) Nearing 200MA
4) Nearing base of triangle
5) Nearing long trending support (green TL) which is currently intersecting with 200MA
6) Over an 80% correction from our highs.
Cast your buy ladders here over the next several days. Anywhere from $110 to $160 is a great zone to dollar cost average yourself in.
This is why we traders always try to have some cash on hand folks. The discount window is open. Now back your trucks up and get loading!
Careful. BTC still barely(pun) favors the bears. Target $8000.
From what I see, we are still in an ABCDE correction (purple triangle).
We could not close and confirm above the topmost black uptrend line last night on the daily. This is a significant development.
We also have not broken out and above our purple triangle. This too is significant.
Additionally, it looks like we may have one more corrective wave down (wave E). It should be noted however, that this final wave down does not alway have to occur. I am not certain of the percentage of the times that it does not complete, but I think it may be relatively high (around 30%). Comment warriors can you please kindly correct me if I am wrong.
MACD still bearish on the daily.
RSI still bearish on the daily.
Volume still relatively light except when the sellers come in.
All these remain indicators to me that we are still bearish.
I know everyone wants to get a jump on calling the bull market again, but be careful with this. You must exercise caution here in your trading. We definitely are nearing a bottom, but there is not solid indication for me yet that we should become bullish.
Take care traders!
Patientory [PTOYBTC] | Coin to defy [+650% potential Profit]
Please follow me if you like my analysis and want to be up to date about it.
Idea
Nice project with solid development.
Good movement of this coin even in this times.
Previous high values. And we want to achieve them again!
Technical
1d chart:
MACD: is about to reverse in the positive way
RSI: gaining movement
STOCH: strong rise from the bottom
= I'm very optimistic actually the coin is able to fight the market retracement successfully.
weekly chart:
weekly chart confirms!
Buy-In
0.00003000 - 0.00003600
Targets via fibonacci
1 | 0.00004459 -> target reached!
2 | 0.00006627
3 | 0.00008380
4 | 0.00010132
5 | 0.00012627
6 | 0.00015806 | old all time high
7 | 0.00024984 | new all time high <— Fib. 1.618 extension
Conclusion
Invest relax & earn.
We only trade for profit, never for loss.
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
#AST is ready to make some moves#AST is super bullish and ready to hit some targets. RSI looks good as we are consolidating to the end of the triangle. Lets wait for a breakout to form an uptrend, fill your bags.
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.
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.
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.
ETH/BTC ready to rumble? I think so!There is a clear reversal sign on the market, whether this is a bull trap has yet to be seen but by the amount of markets influenced I don't think so. ETH/BTC is showing a reversal trend on the MACD and just broke it's down-trend. If support is found on 0.055335 SAT ETH/BTC looks like it could go for a run up within the next 4 days. Max estimated target at 0.020332 SAT based on the average 20% rise it makes after each support.
VERY IMPORTANT SUPPORT LEVEL - happening now! Bounce incoming!??I've had these channels plotted for a couple months (and the rocketship). We have arrived at the buy zone! if it breaks this line by more than 10-15% then wait for another time to re-enter. But personally I'm going to feast on this discount.
On the VERGE of massive profits. Target $0.76!
I love the way VERGE is playing out. If the base of our
triangle fails to hold at the 50MA we could retrace back
to $0.07 (or .236 Fib).
Right now we are in the buy zone. I'd set up the bulk of
your buy orders here, between .07 and .11. Then, have a few
above and below (just in case).
Our longer term target will be around .76 cents! 800-900%+
profits. I'll take that.
Good luck my crypto trading friends!
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
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.