CRYPTO of the week: ZRXBTC 4h for setupThe cycle from 19,234 high has been called ended at 4,922 low. The sequence to the upside suggests end of the cycle at 18/04/2018 high.
And while we have a marginal new high with RSI divergence, I cannot see the move from the low as a motive wave (even leading diagonal) so I have to go with the FLAT until I'm proven wrong (I really do not like to do that but dip to 9,715 do not make the case for a 4th wave anywhere in any sequence within this cycle.
Alternate view is red 1 on the chart is actually the correction of all cycle from 4,922 but I'd like to see a deeper correction here.
So, as I do not have any crystal ball, I will stay sidelined and see what can be done in lower time frame.
Plan would be to buy any clear corrective 3 waves above 4,922 but I won't chase or go heavy on this one because corrective 3 waves up is by nature corrective and bears could take control again.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Token
CRYPTO of the week: ZRXBTC 1h executionI might be totally wrong here and I would not trade the chart here, but as said earlier, I cannot see 5 waves from the top, so need to call a FLAT from 21/04/2018.
Either it is purple 4 or blue 2, I expect a 5 waves down from current levels (depth will resolve purple 4 or blue 2). This means that it will be difficult to buy lower as FLAT can extend as much as they like and we are not protected with a motive 5 waves to the upside from 4,922.
So this week will be interesting for education purpose to study specific structures and how to operate them.
Invalidation level to the upside is 7,037 and more importantly 4,922.
Invalidation level to the downside is 11,800.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
CRYPTO of the week: ZRXBTC Daily to set contextA cycle ended at 19,234 high on 27/01/2018 and since then we have seen a double correction ending exactly at equal leg area 4,765 where it bounced. So far, the outlook in daily is neutral but we have a motive 5 waves from 1,356 low which indicated that we will see another one. Assumption is 1,356 low was starting a new cycle.
I was long from 20/03/2018 in lower time frame but out (I have not been able to catch the equal leg in daily).
For now, sequence from 18/03/2018 low is called ended at 11,476.00 and marginal new high would be part of a FLAT (I don't like to call FLAT ahead of its confirmation, but I'll explain in 4h chart)
4,922 is my reference for support now but it is a soft support as long as we don't break above 19,234 or we have a bullish sequence in daily. So at current level, bears will probably jump in soon and we should have a reaction for a pullback that would stay above 4,922 and I'd like to buy a clear a clear corrective 3 waves.
So daily, nothing to do if not in from 5,796 with stop below 2,710.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer :
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BNB on the rise again?Can we see Binance token BNBBTC rise again?
It looks to me like a reversed head and shoulders pattern is forming if we can break out the consolidation zone.
i will keep it short , price seems to consolidate after a 25% drop from ATH.
i see a bullish divergence on the rsi.
if we can break resistese i am looking to buy the pullback.
what do you think?
TenX (PAY) Updated Targets (223% Earnings Potential)When the Altcoins market started to retrace and we fully entered the bear market, many of our trades went on hold. I promised that each time a coin received action, I would update my past trade with new targets and relevant information for the present.
Here you have the updated targets for TenX (PAY). You can always visit the old trades if you want more details on this coin.
You can use these targets to sell for profits when the time comes.
TenX Pay Token (PAY) Targets
SHORT TERM
(1) 0.000199
(2) 0.000224
MID TERM
(1) 0.000259
(2) 0.000292
(3) 0.000339
(4) 0.000398
(5) 0.000571
LONG TERM
These targets are based on the all time high back from August 2017. These are really long term targets, TenX Pay will need a huge push in order to challenge these, yet, here you have them for reference and just in case, we all know how GREAT / AWESOME / PROFITABLE & CRAZY the cryptocurrency market can be...
(1) 0.000502
(2) 0.000739
(3) 0.000931
(4) 0.001122
(5) 0.001395
(6) 0.001743 (All time high)
(7) 0.002746 (New all time high)
TenX news
Litecoin and TenX Pay Token: twitter.com
TenX Pay updates on Litecoin & Blockfolio: blog.tenx.tech
Thanks a lot for the likes, share, follow, comments and the incredibly support.
It is always highly appreciated, and I will always be thankful for you... ALWAYS...
And know that... YOU TRULY DESERVE THE BEST!!!
Namaste.
BRD looks ready to begin a new uptrendBRD price action is no longer following downtrend (purple trend lines) and it is starting to perform an iH&S at a supposedly bottom of this trend. Along with that, if the iH&S confirms (neckline breakout above 7k sat), we will likely see as well a golden cross (50MA-orange over 200MA-red) on the 4H chart, and a new uptrend movement.
Fundamentals are good: Ethereum wallet coming next week. ERC20 beta coming in april and waterfall reward system after that
In blue: support/resistances
TenX Pay / USD Macro AnalysisTechnical Analysis:
- PAY/USD seems like a Wyckoff.
- Volume below the 2 big spikes to 5$ would also indicate an Wyckoff Accumulation.
- MACD bands crossing at the daily upwards.
- Volume still missing and still below POC 0.00% and monthly Pivot .
- Target for this rally could be 4.66$ (yearly Pivot ) or maybe we wick through to 6.9$ (100% Fib level).
- New cards (transaction volume ) will also increase the value of PAY Token
Upcoming News:
- Physical cards should come mid May Q2
- Commitment Network Q2
- Maybe Cryptobank in Q2 (depends on their bank license)
XEM/BTC Is the trend line can stop the loss?The day that XEM listed on Binance (Yellow Circle), it jumped from 32000 satoshis to 40000 as we predicted. Per this chart, you can see the support line which XEM reacted to this line several times. We believe this line could hold the price from further loss. It is better to watch it carefully.
Simple Ripple-Another LookHello all,
Down and Dirty!
1) 1.15 or 1.155ish is important because a close above that level is good for all tech analysis and marks bullish run.
2) XRP is trying hard to get there. BTC is breaking to the upside....pretty hard but spillover has not happened yet.
3) If BTC takes a correction that will correlate to XRP and A pullback to the 96-1.06 range.
4) If XRP breaks above 1.15 then expect to move to the higher fib at 1.26. There could be resistance at 1.19 for structure but I would expect a continuation.
5) Earlier in the week, i mentioned a 1.40 target and that is still in play.
6) XRP is forming Higher lows-that is a good sign!
7) Volume is light right now but Its late Friday in the US and Early Sat everywhere else. Especially-All of Asia-Happy New Year!!!
8) The MACD is slowly heading to the upside. A crossover will signal a buy.
WATCH 1.15ish A close above that is bullish!!
How strong is the $0.68 support line for XRP?As you can see on this chart, the $0.68 is a strong support line for XRP. Several times it dropped but this line support it perfectly. No, it is another time. We should seat and watch what is gonna happen now. If it breaks this support, next one is $0.48 and the 100% correction is $0.24 which should be the last one. I am positive about $0.68.
XRP touching the bottom ? #xrpthestandard #xrp #rippleEven with goods news, new partnerships, good Q4 report, xrp is still very correlated to BTC which is bearish since BTC futures , let's admit it ! Though i believe that we touched the bottom,
unless we get more bad crypto news in Korea.
Robinhood app listing XRP and open trades in february may help the bulls coming back :
techcrunch.com
Coinsquare, the equivalent of coinbase in canada is doing the same in february :
ripplenews.tech
Coincheck refunded his customers after the hack of Millions of XEM tokens. Even if it shows that crypto market's security is still weak, it sends a good signals of trust to future customers.Even if their platform get hacked, they may not lose their tokens :
www.bbc.com
For the hodlers, Here is a video of barlinghouse "a huge central bank may want to use XRP to settle" :
twitter.com
Happy trading !
Simple Token (OST) - trending bullish still, holding supportYou can look at previous charts I posted, but so far we are holding this support line well and it looks like we are about to either go up or stay sideways for a bit. Let me know what else you see or if any comments! I believe that this is the bottom and great spot to get in for long term profit.
For more crypto updates follow me at @BigCryptoCat
Potential for New All-Time High? 0x! (ZRX)Good day traders!
0x is an amazing project and I have a lot of faith in the team. They're producing a decentralized exchange, and many projects are building on it (e.g. Augur, District0x, Status).
After the upward rally yesterday we're slowly reaching the end of the ascending triangle (continuation pattern).
I have conducted 2 scenarios:
Bullish: We break above the resistance soon, like the pattern suggests we would.
Bearish: On the other hand Cryptos are so unpredictable and not all patterns apply. We could also fall down to the $1.5 Support. (Or even further)
--This is NOT financial advice. Please make your own research before investing in any asset--
I wish you successful trades!
Buying opportunity, if you want a really strong openingOne of the most undervalued coins in the market,
+Great idea
+Great team
+basically competitor for google ad sense
+at the dip
enters: 0.000041 - 0.000042
Massive CUP&HANDLE [BAT] 1 day chartBAT Looking for new highs.
T.A.: MASSIVE CUP&HANDLE, MACD and RSI looks Very Bullish, it could dip a bit before forming the whole handle and take off, this will take a few days, i expect less than one week.
F.A.: It was just added to BITFINEX some days ago
Breakout: 0.000069000
Target: OPEN
TenXpay VS Bitcoin - Interesting TimingTenX Pay Token found the support at 10500 satoshi and slowly started to move higher. Price broke above the descending channel and 200 Moving Average signaling on a potential correction up or even a trend reversal.
After breaking higher and testing 40k satoshi, PAY/BTC corrected back where it rejected multiple supports.
Upper trendline of the descending channel REJECTED
50% Fibonacci Retracement REJECTED
200 Moving Average REJECTED
Uptrend Trendline REJECTED
It seems like TenXPay is becoming very bullish and should outperform Bitcoin, at least in the short to medium term. First target near 60k satoshi where two Fibonacci retracement levels meet with each other, the 227.2% applied to the last corrective wave down and 76.4% applied to the September high and December low.
Therefore, TenXPay could easily double in value against Bitcoin and if the 60k resistance is broken there will be much more upside potential. Only break below the 10k support could invalidate bullish outlook.
Basic Attention Token #BATBTC - at the key dump level!FUNDAMENTAL BRIEF:
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
TECHNICAL ANALYSIS:
The BAT token quoted to Bitcoin BATBTC shows the typical behavior of market participants consisting in pumping the price (PUMP) and then its rapid discharge (DUMP). Nevertheless, one can notice something like the upward trend that recently hit 161% Fibo at 0.000058 and is currently in a downward correction phase (DUMP). The most important short-term support level is currently 0.0000033, which should stop further declines. Otherwise, the next Dump cycle (DUMP) may extend up to and from 0.000025 - 0.000020.
TREND and IMPORTANT LEVLES:
Main trend: UP
Indirect trend: NEUTRAL
Daily trend: DOWN (price in correction)
Key Levels:
for further increases - level 0.000040 and later 0.000048
consolidation/correction zone-level 0.000033
for the continuation of falls - level 0.000033 and later 0.000025
PS: Make sure you are following me!
PPS: The next cryptocurrency analysis will be published if this post will receive min. 50 likes. :)
Basic Attention Token (BAT) - What a beautiful sign for us all!Welcome to my tradingview idea.
Take a look at my other charts (I hit my targets 90% of the time, literally!)
HOW-TO:
You have to follow 1 single strategy: Buy low & Sell high.
3 Simple steps:
1) Buy.
2) Hold.
3) Sell for profit.
There aren't many choices when it comes to day trading, you can either buy or sell. So once you buy, you can only sell, and the only way to make money, is to sell for profit (waiting until the price goes up). The only way to lose money, is to sell for a loss (not waiting, getting desperate and selling when the price is down).
So remember, it doesn't get any easier than this, just buy and hold. That's it. Sell on target. You win.
Please like my profile, and my views if you do follow them, i would appreciate that, thank you :-)
INFO:
GREEN LINE: This is calculated target (We aim to hit this price)
RED LINE: This is our exit point (We sell here if price goes to this point)
BLUE LINE: This is our guide line (The price should follow this line on my analysis, if price breaks this line, there is a possibility that we are going to our exit point)
From the creator of JavaScript and the co-founder of Mozilla and Firefox, with a solid team – funded by Founders Fund, Foundation Capital, Propel Venture Partners, Pantera Capital, DCG, Danhua Capital, and Huiyin Blockchain Venture among others.
Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
Enjoy and good luck!