Get started

This

IOTA IOTUSD No interest in buying this rally yetIOTA IOTUSD Iota is testing important support at 3.229 with a low at 3.20. this latter level must continue to hold (and will do so long as Bitcoin holds up, which will not be for much longer now, it's just completing its own counter-rally now). Any failure to hold 3.20 will force Iota lower still to 3.03 and then should this level fail to 2.73 at least if not back to 2.47. Even though it's on support and rallying now, have no interest in buying here until Bitcoin makes a clear bottom. We can pick it up cheaper still urther down the line.
BITFINEX:IOTUSD
by sumastardon
1
Litecoin: LTCUSD Update and stops for remaining longsLitecoin: LTC Longs should have been out as the dynamic support failed at around the 276 level - see how often there will then be a challenge of the same support from the underside, which works for an hour or so before it falls away...not always, but maybe 50% of breaks are like this and the other half are clean, hard and fast. Last comment suggested looking to buy again at 245 with stops below 238 - well it wasn't very helpful, with a spike low at 235 so some will have been carried out with the rest of them...if you set your stop under 234, well done. But LTC must continue to hold up here at lowest - and that depends on Bitcoin holding up too, which is unlikely looking at that chart in isolation...so if still long here be careful. Any break below 234 by more than 5 points is unlikely to be a fake- out...it will then likely fall to 219-210 minimum and more probably to 188-172 range where we can look to pick up some more.
BITSTAMP:LTCUSD
by sumastardon
1
DOGECOIN undergoing P&D - Advice to not fall for this scam.For novices out there, Pump and Dumps are NOT created to benefit you. It's a total scam, and you should never fall for this. The leaders of these P&D groups decide on which coin they are going to pump MONTHS in advance so they can buy the coin at a lucratively low price. Then, they "announce" what coin it is and when their thousands of followers go and buy those coins, they sell off part of their position due to the inevitable price spike and turn profit. You may ask, "Well, why can't I just sell my DOGE when they are pumping the price up?". This is because the buy volume isn't there to support the price, and you are NOT going to be able to sell your position at a good price. These sorts of things are designed to scam you out of your hard earned money, and you shouldn't fall for these kinds of scams just to "take the easy route". Make smart trades, think for yourself, and you'll be a much better off trader.
by yeeyee2020
33
Bitcoin BTCUSD Key break levels for this weekendBitcoin Weekend Update Lost the plot overnight with Bitcoin. It lost trck of the parallels but hasn't fallen away again to the lows but instead has made a good right shoulder at 13700 and has bounced . That is really positive overnight price action. In the process Bitcoinn has formed a reverse head and shoulders with the neckline at 14874 and a minimum upside measurement implication at 18631. We've just seen Bitcoin make a head and shoulders top with a downside minimum measurement target at 11391 (reached and exceeded by 240 odd points) - it will be interesting to see how it performs in reverse now. Bitcoin should rally to the necxkline at 14874 and pause ...this line is now the dividing line between bears on one side and bulls on the other. Tghus is the line in the sand that determines wheether Bitcoin has a great weekend ahead - or a depressing one, though the bigger parallel above should also present a problem ahead once that neckline is broken to the upside. Firstly though, Bitcoin has to break the neckline at 14874 and then it should move up to to test the parallel above it at around 15330 now - will likely recoil on first touch of the parallel and can then come back to the neckline agin to retest from above...must hold on that retest...then another attempt to breach the big parallel above ...and then once that's popped and broken through it should really begin to attract buyers again, moving higher to 15814, then 17229 and on up through the blue lines of resistance to 18631 minimum. Downside Potential Until the neckline is breached at 14874 Bitcoin is not out of the woods...the entire zone below here belongs to the bears now...they will try to force price under the neckline and to keep it there, knowing this and the parallel are their last lines of defense now. Would be better if this were France and not Russia in WW2 and the bears all ran away at the first shot. But that looks unlikely. If flat stay that way for now and await the break or can try for a short from the neckline when touched with stops just 50 points above - Bitcoin will remain vulnerable to tricks like this whilst unable to burst the neckline- and the longer it goes on the more likley it will fall away again...but if so must hold onto that right hand shoulder it's spent all night building in China at 14035 preferably and at 13500 at lowest on any declines from here...if it can do this it's still OK/bullish intent remains strong and will then make another attempt to break the neckline. Only if 13500 is broken will Bitcoin begin to look very vulnerable again, likely then to retest the lows which must hold at all costs today. Failure to do so will tip Bitcoin back into terrible technical trouble and likley force price all the way back to 10486 to begin with and then to 8324. But whilst the right hand shoulder stands firm on retests at 13500 Bitcoin is still overall positive. Look to buy the break of the neckline when it comes and close again on the test of the parallel above - then get ready to go long again when the upper parallel is broken on the upside.
BITSTAMP:BTCUSDLong
by sumastardon
8
BTGUSD Full rinse out - ready to go again ahead of weekendBTGUSD Full Rinse Out Ready to go again Back in the buy zone ahead of weekend- it's been to the lows at 193 where it was an outstanding buy and may present another opportunity either from lower down again towards 193 or alternatively once 212 has been regained and holds for a few minutes. The 191 level must hold up today to avoid further significant weakness back to 151 (a good short/reversal level for longs if we see it)
BLong
by sumastardon
1
BTGUSD Buy this dip for rally back to highsBTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again ahead of a possible good weekend rally in prospect. Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel broken.
BLong
by sumastardon
1
ETHUSD Update Good for Day Traders, others look for lower entry ETHUSD Update Neutral in near term but still bearish whilst trapped under 440 Very interesting price action here: having sold at 468/9 we were waiting to see if ETH could hold up above the lower parallel...it tried so hard for a few hours but eventually it succumbed...failed breaks: remember the pyschology gone over in past posts...day traders are out almost immediately an ETH dives to find structure to left, losing the line at 446 like a hot knife through butter, finding support around the next line of support at 433/target level for bears to close out shorts with a low at 432 (mid structure here, so far) on the chart. Although day traders have bailed out some have bought back lower and others, bemused by the price action remain long...the pattern is confusing in the very near term at that point...bulls say it's cool, spike down, correction done, it's OK so long as 446 holds it up ...those looking at the bigger picture are not so sure ...we did the right thing to trap in profits close to the highs of the run: and not to get trapped at the 480 levels even though it was looking fine for a few hours before failing. It was OK to close out shorts at 433 too. But this pattern is not healthy now. ETH has not finished its rinse out by look of it. More stale bulls need taking out, still, before this is ready to rock again...it's till under pressure whilst unable climb back above 440 and hold up there...432 must hold now if ETH is to have a chance of stabilising here. Any failure here will tip ETH back into bear territory, forcing price lower to 418 and likely spiking as low as 410 before rallying back to 432/3. Annd if at any point 410 gives way by more than 3points look to shoort again on next pull back to 410 fr another decline to 385. Good trades here so long as we follow what the chart is telling us. Initial resistance at 439-440. Needs to break above here and hold before the bears will let go, then it should run up to 446-8 again and come off one more time from there. Good moves for day-traders here but for swingers and those looking to buy this at a good price it looks like we'll get a better chance from lower down if we wait, and not be tired by waiting, etc.
BITFINEX:ETHUSD
by sumastardon
2
Bitcoin: BTCUSD This could be the low,take some profits at leastBitcoin BTCUSD need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300... Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is 6218. So it could be here...lower stops to just above 6530, they may get hit so swing traders make about 400 points, maybe more if it swings lower from here, but am thinking more that this really could be the low for now...doesn't look quite over yet, and want that hit on the lower parallel at 5997 in ideal world before closing out and going long with a stop under 5990 - ready to short again if this level gives way (small loss but for spreads if wrong on the long...) That's the ideal, a complete flush out right back to the base of the stucture...but we might nor see it. Bitcoin likes to do things by the text book so far, so maybe 21% extreme could be the limit...so at this point you can close out at 6340 ish and take 600 points plus profit and take a break, or can set stops as suggestedif a swing trader, or you can stay with it, but risk reward is diminishing now. Maybe close out half and run the rest, ready to close out at 6000 if tested and play it from there as above. And if 6000-5990 gives way it's another short...Stay Lucky. On upside, when eventually the upper parallel is broken on upside and if it then survives the first retest,from above, start building long positions for rally to 6943 and short again from there with stop above.
BITSTAMP:BTCUSDShort
by sumastardon
Ethereum/Bitcoin: ETHBTC Stay away from this imploding dream Ethereum/Bitcoin ETHBTC Toxic Who is buying this? Why? It's still in a massive down-trend that shows no sign of waning soon. It's a short every time it touches the falling trend line from the high and will only ever become a buy if and when that downtrend is broken. As it stands now, it looks like it should fall further back to 0.0361 and then try to bounce (back to 0.0344) before coming off again. The 0.0344-0.0334 zone represents critical support for this dying dream. If it fails at any point Ethereum becomes an aggressive short back to 0.0232 to start with, then after a minor bounce, back to 0.0127. If short, good for you. Stay that way back to 0.0344 then close out again as above, ready to short aggressively again as 0.0334 is broken on downside for 0.0127 target. Ethereum will remain weak whilst trapped under the downtrend. Maybe one day itwill emerge the other side of the down-trend... But until it does this thing is still toxic
Short
by sumastardon
1
Eth Enterprise .Ready to boldly go where no man has gone beforeNerdyness on a new level. ETH enterprise is ready for takeoff . Destination far far up and away. The only thing we know is that Vitalik have saved you a seat. Remember to hold on to your Eth...We are going very far and its going much faster then we thought .Cause this thing runs on Ethereum . -Disclaimer , my first chart ,made from what I have learnt reading on tradingview. But really , lets be honest.. Sell your house kids and car, buy Eth cause this is the future. -If you have comments or constructive criticism please let me know. Always interested in learning more. -There is a few things in the world of currencies I am looking forward to. Ethereum in the next two months is one of them. Ethereum in the future, even more. "This will be fun to look back on in the future!" _____________________________ Ethereum News and upcoming events. V-ENS launch Ethereum Name Service offers a secure and decentralised way to address resources both on and off the blockchain using simple, human-readable names. Live stats can be viewed here once it goes live. V-EEA adds 86 new members V-Huobi will list the CNY/ETH pair for trading V-Huobi is one of China's top 3 crypto exchange. V-OKcoin will list the CNY/ETH and USD/ETH pair for trading V-Okcoin is one of China's top 3 crypto exchange. V-BAT ICO. From the creator of JavaScript and the co-founder of Mozilla and Firefox, BAT is targeting to raise USD24 million for their blockchain based digital advertising solution. not confirmedRaiden Lightning network on Ethereum . Ca:23 june - Metropolis launch (---This gonna be big---) Metropolis is a milestone hard fork that upgrades Ethereum . Visit here for the EIPs involved. Proof of stake PoS -1.66% is the replacement of PoW to verify transactions. Stage 1 is 75% complete. If you like my idea or mean that I am in lack of chartingskills , you can always donate some Eth : 0x7354cb10be5e994dbc801388f9de4460c083bc24 Money will be spent on actually getting some chartingskills. "Dont mind me, I`m not selling I´m just along for the ride"
KRAKEN:ETHUSD
by BiT73x
10
AUDCHF: You gotta see this! Nearly 5:1 RR?!With the Monthly Chart on the AUDCHF undergoing a retracement to the 50% area (at least, it means lots of buying opportunities for the lower timeframes! Of course, I'm not going to hold a trade for the next 3 months, but I am going to be entering and exiting multiple times! Here is the first entry I found using Fib Inversions! Free to go aggressive on this one, but beware, because this is a retracement on the Monthly timeframe, its going to have a lot of big retracements! Give your opinions on this :) Happy hunting!
Long
by GenesisCTY