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Ethereum struggling to go up with confidenceHello everyone. What i showed in this chart is a clear support and resistance zones from previous pushes and pulls, as well as a big fib retracement showing that we have a MAJOR support line between 765 and 780$. Also, we have somewhat a strange situation upwards, since even though major resistance is high up, between 970 and 1000$, judging by previous resistance and fib retracements, we dont have much buying power to go to the upside, which is shown on the volume chart. Also, we are heading upwards straight into 4h 100 moving average. On top of that, we are not overbought or oversold yet on the RSI side, but it still shows uncertainty towards the upside. I'd say this is a no trade zone for me, since the upside isn't big enough for me to enter such a risky trade. Time will tell where ethereum goes, but so far, it's a stalemate.
BITFINEX:ETHUSD
by CryptoNapp
Steel is looking AMAZING right now!!!!!Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in place! I don't prefer to invest in ETF's, so I've found some very specific steel or steel-related value stocks who have grown with the same correlation as the ETF but at a faster Rate of Change. I posted about one recently, VALE, so feel free to check that one out. There are still a couple of gems I've found that I haven't posted about, so see if you can go find them on your own!! Always try to diversify portfolio's anyway but not in some random, bullshit way. Try to find sectors or stocks with high growth potential and diversify among a couple of them! Steel is a great diversification from Technology so if you have a Nasdaq heavy portfolio, feel free to add some steel to it! I wouldn't invest yet though, if we break 52 with good volume though, 57 should be achievable in no time and the 5-Day MA should begin to slope upward. Remember though, do not, and I mean ever, for anybody, follow their advice blindly. I'm not licensed in any way shape or form, just interested to share my ideas with y'all and start a discussion, so make sure to do your own DD! Any questions, leave them down below!
AMEX:SLXLong
by croganm
2
Bullish Move Upward by BTC!This is definitely going to be one of my shorter post, but I do want to mention that BTC is looking really good right now. Positive sloping 5-Day Moving Average, extremely bullish ichimoku, and most importantly, BTC has finally crossed it's yearly VWAP!!! Daily time frame is looking decent as well, we should go to 12k before seeing some resistance and falling back down to the 50 MA, and although uptrend not confirmed, I wouldn't bet against BTC right now. Just my 2 cents.
COINBASE:BTCUSDLong
by croganm
The Support Line: EP1 -- Scales Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can help and work with you! Here we will talk about some of the more fundamental points of technical analysis, helping us become better chartists. Some of our advanced users may be able to brush up on information here, and perhaps fill in gaps of things they didn't know. Our newer users should expect to build a better base, and have a good foundation for more advanced concepts later. Please help me out with suggestions for what our next talk should be about!! Leave me a note in the comments, and we'll make sure we get to it as soon as possible! Thanks ! Lets get our pencils out and get to work!
COINBASE:ETHUSDEducation
by blessmywork
10
Up or down? What the three triangles say about BTCUSDIn the chart of BTCUSD, we can see three overlaid triangles of different time ranges. This overall picture matches perfect with the otherwise undecided situation. A triangle is a trend continuation pattern and often easily to interpret. An outbreak of a triangle is usually a perfect starting point for a trade. However, right now, it is not even easy to decide, which trend a triangle stands for and how to weight the significance of the three triangles. The three triangles. The big violet triangle is not yet fully completed and it will develop approximately until mid-February. I expect an outbreak at the downside. First BTCUSD will move up to the upper borderline and then move down to the lower borderline where the outbreak will probably occur.
COINBASE:BTCUSD
by luckyhelper
Fibonacci numbers detected on the time axis. 3rd wave to go. 1 bar = 4 hours. The distances between the tops and the bottoms of the latest price movements returns us almost perfect Fibonacci match: * 13 + 22 -> 36 * 36 + 22 -> 59 * 36 + 59 -> 95 * 95 + 59 -> 154 / 4h = 27d for the 3rd wave 95th bar (ending of the 2nd wave) falls on the 15th of January, so I expect that current movement down can last up to 3 more days and the price can get a bit below $13000. If the price will reverse here, the next upward movement could last for around 27 days and bring us to the new heights. It can be interpreted as the 3-rd impulse wave. The 2nd corrective wave has almost reached the bottom of the 1st wave. The 3-rd wave can be long and powerful.
BITSTAMP:BTCUSDLong
by DmitriKnjazev
3
AUDCAD Bullish PotentialBullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe. 1) Never risk more than 2% of your account. 2) Try to be motionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Long
by InvstingWise