TOP
RavenCoin massive gains over Bitcoin… time to take profit?Following the Binance announcement made on the 11th of October (twitter.com), that RavenCoin will be added to their listings on the October 12, RVN/BTC uptrend has begun. Price surged from 220 up to the recently established all-time high, reaching 824 satoshi.
In 10 days Ravencoin has outperformed the Bitcoin by 333%, which is an amazing growth in a very short period of time. There is no question, that after such rally many investors would start to think about fixing their profits, thus selling RVN.
Technically speaking, price has reached the resistance at 427.2% Fibonacci retracement level that is 885 satoshis. At first, under the massive trade volume, RNV/BTC broke above the Fibonacci resistance, although failed to close above. Today price has bounced off the resistance, which might trigger a selloff, not to mention the RSI oscillator downtrend trend line breakout.
Although, for a strong correction to start, Ravencoin must break below the 773 satoshis support, only then further decline could be expected. In such scenario, price is likely to test either 660 or 550 sats support level, and potentially go even lower.
On the upside, daily break and close above the 885 satoshis resistance might be the confirmation of further uptrend. This could be another 115% growth opportunity, as final upside target is seen at 1127.2% Fibs, that is 1670 satoshis level. Based on the percentage growth, upcoming wave up is expected to be very similar to the previous one, which was 117%.
Support:
773
661
549
Resistance:
885
997
1109
1221
1333
1445
1557
1669
Alphabet Inc. - Time for a corrective decline in wave (4)Alphabet or Google is testing its long-term support-line. A clear break below this support-line will confirm that wave (3) has peaked and a corrective decline in wave (4) is developing towards at least 845 and likely even closer to 708.
BottomFinder Signals & Profit Analysis XBTUSD last 60 days.BottomFinder just gave a strong bottom signal so I thought a great time to post this, since bitcoin is dumping. Many times this is psychologically the toughest trade to make. Bottomfinder can help you manage that fear at the bottom and conversely the greed at the top!
Here is a profit summary for following BottomFinder signals on XBTUSD 1 Hour timeframe for the last 60 days. 21 Trades and 3 losers.
The general strategy here is to enter upon the two type of bottom signals and exit upon any sell signal (weak, medium or strong).
As you can see I have highlighted the areas where false signals occurred, so you can see where they will sometimes crop up. We have implemented strict filtering, but to eliminate those false signals entirely negatively affects the overall profitability for the algorithm. Accuracy is overall around +/-85% depending on timeframe and coin/stock you are charting.
If you notice, I only calculate profit from the OPEN/CLOSE value. I am not including wick position in the profit calculation. So very likely in some instances you would have entered/exited the position in a better spot. See examples below
I prefer to be conservative when giving profit analysis though. Always better to over deliver in that department! :)
BottomFinder's long awaited update will be released in the coming weeks. Stay tuned for more updates about new features and how to use them!
Going short GBPAUDI spotted a Double Top on GBPAUD with RSI and a resistance level. As we can see RSI is not as strong as it used to be on the same resistance level. Saying so as long as the price docent close above the past high we can make some decent profit. I entered the position early which may allow me to increase my profits but also take higher risk. Furthermore you may want to wait for an extra confirmation. The target was set using volume profile in a range market zone.
Stop Loss: 1.86221
Take Profit: 1.81421
Ratio: 34:1
BITCOIN YOU CAN DO IT 6900-7300Possible move up if it breaks 200 MA.
Respecting the trendline.
We need to see the volume come, come on boys lets pamp it, so we ca short better price.
Apple Signals based on Bottom Top Finder indicatorGreetings from the Cryptorhythms Team!
I didnt want our name to fool anyone - our indicators are perfectly suited for applying to stocks, forex, commodities, gold, oil, etc. Using Bottom Top Finder on the daily timeframe for Apple, gave you ample opportunities to get in before the massive bull run that started last year. Even if you missed that entry point... the indicator gave wonderful signals for a late entry as well.
Historically Apple price has dipped prior to earnings and with a declining RSI and volume, I suspect we will see a small correction to support around $200-$205. Once in this range we will await the bottom signal and enter long. As always, keep an eye on the news as this can influence things greatly (for instance if the trade war negatively effects supply chains). Overall Apple is still a good stock if you have a nice entry for a longer term hold.
The major long term buy signal was given in April-May 2016, and so we plotted a few potential returns off that signal. This is to show how long you held the stock compared to your returns. The total return if you were still holding it is over 151%. Even if you were day trading the stock over this period the gains were constant and respectable ranging from 10-30% per trade!
Please join us in our telegram channel linked below to chat, or get detailed PDF instructions for the indicators usage. We offer free 3 day trials if you are interested (and we are currently running a 25% off sale)! No subscriptions - you buy the indicator it is yours for life!
BTC Long Term ViewPotential bottom 4k-5.5k.
Eventually 1 btc = 300k if fractal repeats.
Would match up perfectly with halving in 2020.
Halving from 2016 had a huge impact on the price.
Maybe this is why hashrate is not dropping?
Small H&S TopWhat do you think about this possibility?
Small H&S being formed on BTCUSD with a
target of 6200?
Alts Bull Run Loading...Based on XRP market cycle, Bull Run is quite near. One last fall to between 5080-5350 seems to be the beginning of "the sunny days".
My assumption is based on how first bear market ended (at the support of first bull run peak). So I think we will find a strong support at second bull run's first peak, which is 5080 sats.
7.4k target reached. 4.7k and 3.5k target nextAs forcasted here :
and here:
We have reached 7.4k and based on elastic theory we should retrace to prev fib ext. (6.8k region) level of 1.6. Then a retest high of 7.4k might happen to create a double top similar to 12k in February 2018. Thus, consolidating for 2 weeks before heading to our next target of 4.7k and 3.5k.
why 7.4k-7.5k region is the top:
- 0.6-0.65 fib retrace region similar to 12k in feb.
- log trend resistance
- general volume decline
- liquidity low.
why 4.7k and 3.5k as next targets:
- 7th wave has not been completed (personal theory)
- tradewar caused and will cause investor fear and so risky assets will be less ideal.
- next crypto cycle
- 1.6 ext. fib at 3.5k (a daily close)
note: 7.4k horizontal region have only bee striken with full volume and liquidity. Therefore, in order for us to see 7.8k or beyond, we would need heavy volume and built up liquidity to strike higher. This seems unforeseeable as 1) liquidity has been used, 2) general market volume is still on decline. Keep an eye on 23rd/weekly close for some bull hopium if any.
Stay Sharp
@AresTrade
BTC/USD live or not live ?chances for life of each of the movements are very large! and most likely any of those analyzes will not work in these areas, since hamsters will randomly merge and buy, the exact movement will be drawn after the game includes large games with their bots that will begin to trade volumes
And Remember when in the news many say that you need to sell and the bubble burst, you will need to buy, just like it was in the price area of 20,000 when everyone said that bitcoin is the time to buy and then regret!
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
Calling the top on SPX - Recession coming?Classic signs of a market top
- Low volume while making new highs
- Widespread optimism
- Huge selling day to trigger new downtrend
- 2nd consecutive lower high (1st in February, 2nd confirmed recently)
BTC/USD__ 3 steps of cyclicityBITFINEX:BTCUSD Looking at the graph in more detail you can see a certain cyclicality, the correction goes to three steps, each of the last steps is almost 50% less than the previous one, which means that the price of $ 6000 is inevitable, and for whale reasons and even lower, since most traders exhibit stops a little below this offer, so why not take their money? But it is also very likely that this 3-cycle will be the last before the stabilization of the market for crypto-currencies, the only question is how much it will be squandered, and many whale purses at the beginning of this month were devastated, which means that there will be a rebound below 6500-6800 within the limits of these prices they bought
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
Will this 4th Top hold?TSLA jumped up at an incredible rate. 12% in just a few days of trading.
This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan.
Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still traded at 350$/share, just a few bucks away from its ATH.
I think that now we are close to a turning point. The price is approaching the same level that has been rejected 3 times (triple top) during the last months.
360$ proved to be quite a psycological barrier to break hence I would expect a reversal at this point. Anyway, the hype around such a company mess up probabilities.
***Not a trading advice, merely my idea for educational and informational purposes only***
BTC/USD the last chance...BTC This week should be very eventful, in terms of news, and different events for the whales to do their job! At the moment I see two ways: first, it's still an bull trap, in which they raise the price and take away the money from the impatient ... the second, this movement under the formed resistance line to the $6900 - $6700 mark, where the battle of those who think this last mark before flight to the moon and those who are right in that we go below)
By the way, about the painful, many of the top 15, expose to 5-10 ideas per day, and through time change their mind about the movement of the market ... and it seems that they just guess which one of the ideas will go, and then they will scream about what they are exact ... it would be interesting if only one idea could be exhibited a week, how many of these tops would remain on top?
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
BottomFinder Indicator May Litecoin trades.With only 1 unprofitable trade for the entire month. Stop wasting your time and satoshies on bad entry/exit timing.
As you can see BottomFinder caught the huge early May pump and was still able to make solid profits riding the dump as well!
A weak bottom signal was just generated on the one hour timeframe, so a further drop maybe in store short term. In the next few days the price should rebound 2-5% just wait for the top finding signal to let you know when to exit!
Like, Follow & send a PM for trial access. 5 Trial spots now open as of 3:15PM EST 5-31-18
TRX: Hail maryAnother potential opportunity today with another Mainnet launch. This is my scenario if it dumps. Could have massive upside potential. Yes I know I used an impluse wave to show my double top. Relax!
