Bitcoin: A bullish case on the 4hr chart.As we've seen bitcoin get squeezed into an increasingly tighter volatility zone, the tension is building and the bulls are poised to make a run to higher resistance levels. After a rapid rise into the current volatility zone, bitcoin has started to form the flag pattern that has locked it so tightly. As we see the Bollinger Bands coming so close together, a period of vastly increased volatility isn't to be anticipated, but to be expected.
On the 4hr chart, the bulls are challenging the descending resistance line. With three bullish candles (three white soldiers) Bitcoin was able to close over this crucial trend line. Another 4hr candle close would confirm this bull is action and trigger a long position. If the current, active candle can close above that resistance level and find support, it seems that bitcoin will have upside until the $6700 region where the bears are there to meet the rising levels with a harsh resistance level.
Long on btcusd if it closes above, and finds support above the descending trend line.
Tothemoon
Ripple – XRP – a bit risky but potentially very profitableHi Traders!
Today we got the bunch of very very positive info regarding the development of Ripple and XRP.
Here are they:
• The Bill and Melina Gates Foundation announced its partnership with Ripple in order to expand their financial help to poor parts of the world. They say these countries have poor payment infrastructure but another case might be these countries are terribly corrupted and lot’s of the money stays in the bribed organizations which claim to be a proxy between the foundation and the person in need. That is our point of view.
• Nexo platform announced they started offering XRP-based loans which are actually great and big news!
• Omni shared- economy service, which enables people to rent their unused stuff such as guitar or bike has just announced their support for XRP. So right now if you bought a bike but it is collecting a dust you can now earn some money and rent to someone else. This by being paid in the app of Omni with USD or XRP. How cool is that?
Here are technical analysis details:
• Ichimoku Cloud - the price has crossed TenkanSen on the daily chart and we are above the cloud. They both are very good news.
• Weis Volume – we need confirmation of decreasing supply and increasing demand
• Local support line – looks like we can have a correction to 0.00006800
• MACD – unfortunately, the bear cross is about to happen
• 1st target to break is at 0.00007500
• 2nd target to break is at 0.00009600 – above this level means we broke the previous peak and we are going north
If you decide to enter now set your stop-loss at 0.00006700.
If you want a safer and less profitable trade wait till we cross 2nd or at least 1st target.
Thank you for all the comments and many private messages from you.
YOU ARE GREAT! Don’t forget about that.
Massive Hugs!
WBM Team
Bitcoin Daily Analysis 17.10Hello, dear traders, subscribers and visitors of TradingView! The Lemon Insiders analysts team has prepared for you a fresh daily analytics, look!
We continue to move in the ascending channel at 1H and 4H. Today is the expiration of futures, which means that the graph can again draw a "helicopter". True, with each expiration, the chances for another takeaway become less as the manipulator notices that traders have already become able to earn on expiration and increased volatility, so he will draw new movements on the chart.
We are more inclined to the fact that the price of expiration can be lowered a little to 100-120 points maximum, after which the growth will go up to 6550-6600. The manipulator is unlikely to allow the crowd to fulfill its plans; it will be more profitable for him to close the already open shorts in the footsteps, and only then go down.
Thank you for your attention, subscribe, comment. Our team is ready to discuss the trading situation!
The global trend is starting to change?How to understand when the global trend is starting to change?
The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction.
How to found out the moment has come and you need to urgently buy up everything so you do not cry you did not buy the Bitcoin for 6500, when it already costs 25k?
In fact, no one professional analyst or trader can say exactly the trend has reversed. There are always certain moments which just do not allow you to be 100% sure.
But we can give you some signs will help you understand it's time to make neat purchases:
1. Long fall. When you notice price decline continues for quite a long time, this is a sign the turn is getting closer and closer.
2. Falling volumes . If the volume falls noticeably in the long price decline, this is one of the strong signs an impulsive reversal is coming.
3. The price is on par or returns constantly to the same level. Certainly, the correction does not continue all the time, and if it can be seen the price returns to the level of the beginning of the rebound after local bounces, it means the “bottom” is somewhere nearby.
4. Slow motion. When the correction comes to an end, price movements slow down and overall volatility decreases dramatically.
5. Psychology of the environment. For example, when there was a big pump to $ 20,000 per bitcoin, all the people around were talking about cryptocurrency, everyone wanted to buy it, there was, so to say, an overload of the people industry. Then it was a sign it was time to close positions and wait for the falling. It is enough to interpret this observation.
These are the data we have noticed and collected to you understand the market could turn around. Surely, there are a lot of moments, but we gave you the most common and basic ones.
Thank you for attention! Let profit come to your home
Good time to invest in MCOHello fellow traders and investors. I want to share my view on MCO. Monaco is a company that is working on VISA card that will make crypto spendable in common life. Isn't that what everybody needs? Sure! Let’s wish them luck and see the 3 day chart. I draw trendline on a day chart and it fits perfectly to all the price spikes there, but my day chart is overloaded with SR lines so 3 day gives a better view.
This blue trendline begins in August 2017. Long long way down. And here we are, at the bottom. Bounced with some good volume and now accompanied by BTC growth this coin has a potential to reach great profits in mid-long term. In case BTC will grow fast, it may even take less than a month. The targets with most resistance are 840-890-950-1080. Short term target is 750. But ask yourself if you'll be ready to sell the coin that potentially will bring you another 45% and, if gets through 1080, the target is the MOON ))
Not a financial advice. I'm just sharing my point of view and my own trades as I bought MCO today and will be holding.
BTC – why 1 BTC will be easily worth $210 000Hi Traders!
Today we want to share with you some very positive point of view regarding crypto in general.
As it is more frequently said, especially in the finance world, cryptocurrencies are becoming considered as a new class of assets. Class asset? What is that you may think? Here is the explanation.
All money invested in many ways can be divided into a couple of groups which differ from each other. We can invest money into commodities which are crude, oil, gold, silver etc. This is just one asset type (class). Money can also be invested in real estate – commercial properties, housing, agricultural land. This is another class. We can distinguish a couple of more asset classes such as stock exchange, global money supply, global debt market and finally derivatives.
We are planning to prepare the whole set of analysis “ What If” describing each asset separately.
Here is just the introduction to give you the general idea. More details will be provided in the forthcoming analyzes.
Thanks to www.visualcapitalist.com and its Editor-in-Chief Jeff Desjardins. He wrote an article giving very useful infographic. It was made in October 2017 so data is not up-to-date but it gives us a good insight into global assets and its money allocation. www.visualcapitalist.com
So today we want to make a hypothesis with money which comes from stock exchange worldwide.
We think this type of asset is widely known and don’t need a detailed description.
According to before mentioned visualization current stock exchange all over the world are worth $73 trillion, with the US dominance at the level of 38%. So this is a lot of money but this is not the biggest part of the cake yet. The global money is estimated at $1200 – 1800 trillion.
Anyway, stocks are shares. They are quite risky and volatile. This game resembles game on the crypto market but of course, it is more stable, regulated and predictable. Of course, shares and cryptocurrencies are not the same but the way people sell and buy them is similar.
Let’s imagine cryptocurrencies market get to be fed with 10% of that money. This is $7.3 trillion. This is s massive amount of money. This is quite a conservative approach as we think in 20/30/40 years-time there will be no stock exchanges and shares. There will be only crypto exchanges and cryptocurrencies. But let stay only with 10%.
The current dominance of the BTC is at the level of 52%. It means we could expect to have a $3.7 trillion money inflow only into BTC. Current capitalization of BTC is 111 billion USD. This is 33 times more. What does it mean? It means 1 BTC would be worth over $210 000. Of course, we have to take into account that within a couple of years time we will have slightly more BTC but also some coins can be lost. We added just a
small amount of the global money into crypto and here is the result. This is a massive amount of money. Our simulation assumes that only 0,25% of the global money is into the whole cryptocurrencies market.
We think such approach is a TRUE GAME CHANGER! No one should ever doubt why cryptocurrencies will be massive one day.
Let’s do the same math with ETH now.
A dominance of ETH is currently almost 11%. It means money inflow at the level of $800 billion. This is 37 times more than current capitalization which would make the ETH price at $7800. This is more than the actual price of BTC right now. Once again we are aware of ETH problems right now and they have a couple of issues to solve but we think they will manage to do it in the near future.
So, guys, this is a well-calculated vision of the future. First of all crypto exchanges have to be regulated. This is the mile stone right now.
When such a price might be in range? A minimum couple of years but maybe 2 maybe 5. We don’t know it. No one knows.
So Guys! What do you think of such an approach? Do you have any other estimations? Please do share with us your thoughts.
Thank you for your interest!
You are really great!
HUGE Hugs!
WBM Team
XRP - Sideways Consolidation Followed By Decline Over Next Week After the price surge of over 100% within two days, i wonder where the price goes from here.
Due to the fact that the price rose so fast in such the short timeframe, i dont believe that XRP price will continue to rise.
I expect some sideways consolidation followed by a decline in price to a resistance level of approx 0.39EUR by next week.
(I hope so anyway, I dont get paid till the end of next week and some low prices would be ideal lol)
What do you guys think?
#XRP #XRPTHESTANDARD #XRPTOTHEMOON #RIPPLENWO
Bitcoin can move up to 10 000$The price is narrowing in a triangle. Also, last 3 low on W1 chart every time higher.
It's a signal that big players pick up the price and accumulate big position.
We can open a long position at $6618
S/L: $6444
T/P: $7148
Potential profit in 3 times bigger than a risk. Also, you can hold some port of position, because there will be powerful up move to $10 000 or more, if the price break up that triangle.
What do you think about BTC, write it in comments please.
P.S. Push like and subscribe if you want to see more signals in the future.
XRP wait for the correction!Hello my Crypto friends!
After perfect previous XRP analysis ( +30% in profit )...PERFECTION!!
Quick update on KRAKEN:XRPUSD at 4h timerame. This strong up impulse cleaned all divergence what is a good sign for a reverse. I can't say for sure big uptrend has started and XRP will go to the moon. I want to see much bigger correction to confirm this uptrend. So if you missed this trade, but if you followed me you shouldn't miss it, plase don't jump in the buy now. Impulse has gone and we need to be patient and wait for correction!
So keep an eye on it, be patient & trade with care!
Signal service coming soon....
If you like what i do click that like & follow button and share this idea!
Likes and followers motivate me to spend my free time posting content for you!
Thank you for your support! :)
P.S. All my XRPUSD analysis you can find on link down below! :)
Top 5 Reasons To Be Bullish about ETH now!My Top 5 reasons to be bullish about ETH:
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
XRP Market Manipulation. Will XRP run with the Bulls in Q2?firstly i want to say im very new to trading and analysing charts but i wanted to post this idea up to see what people think of it:
Does anyone else think that XRP is being sold down by Ripple? They do own a very high percentage of the total supply and it would make sense to keep the price low which would make it more attractive for banks that would want to buy large volumes of XRP. We all can agree that the alt coins follow the lead BTC to a degree but this is the crypto world and the saying i hear all the time is ''Anything can happen''.
Id appreciate any sort of feedback from anyone who has anything to say haha :)
Bitcoin Update. Is it not the end for bears yet?As we predicted it earlier Bitcoin's uptrend faces some barriers around the 8.4 k USD area and is now in correction. As we can see on the chart an uptrend reversal movement is already on. But still there is no a 100% confirmation for it and we might see some other downtrend move depending on the strength of the bears and their dominance over the bulls. A rising wedge is already broken and a downward correction is on progress. The main question in which even many high level proffessional traders and analysts couldn't answer this time is Bitcoin's next direction in the short to mid term investment duration. As a crypto enthusiast our team is still positive on the "Very" bullish potential on Bitcoin. But since there are many intraday traders and who wants to make money in the shorter period the question holds a logical approach. Anyways as we can see it the fundamental reasons raised last week especially the ETF situation related to the Winklevoss twins ETF rejection by the SEC is one of the main reasons for this correction and its actually a normal and healthy correction so far unless it needs some time to rebound and continue its big upward trend. Again as last time we are facing with 2 scenario's on hand next.
1. To correct and touch the support level around 7446.26 USD. If it can rebound and get some bull hand on success it will be a very high probable bullish trend to happen.
2. Since we see a rising wedge break scenario we might see some more downward movement. Mostly this chart pattern is known for its downward bias for such correctional times. By this we might see a downward correction for the following 1 to 2 weeks if the case continue in such ways and might even further go down first to support area 6808 USD which is the most probable outcome or further to the strongest support area around 6355.03 USD.
We will update you on further coming scenarios. Stay Tuned. Team TWA.
BTCUSD is finally in uptrend!Hello my Crypto friends!
Previous BTC analysis works perfect! Take a look, and hit the like/follow button!
Today we are taking look again at BTCUSD, but on 4h timeframe COINBASE:BTCUSD . As you can see we got strong impulse up. Now we have to wait for bigger correction and only then take that trade. If we see correction like that, it will definitely confirm bigger uptrend!
So, please don't jump in buy to early, patience is the key!
If you want i will do update on this pair!
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Lam is a Strong BUYLam Research is a stock on it's way up. The prominent analysts have set the price target as high as $275. This price looks like it is bouncing off support until it can jump past the resistance. Increased value from the growth of sales is one thing this company has on it's side. The books of LRCX look better YoY, only showing a couple weaknesses, i.e. in a slightly larger debt than last year, stock price at a discount compared to industrial peers, etc. In it's peer group, of integrated circuitry and semiconductors, LRCX stands to gain ground aplenty. This price is a good entry for such a solid go-getter.
ETF Bitcoin. New hope!The market is cyclical, subject to technical laws and simple logic (see market theory "Puppetry"). If we are talking about Finance: "bubble" inflated, then blew, then followed by repeated inflating until " the horse is dead." If the horse feels comfortable - pulling the ears of the news, in the one and in the other direction, says one thing: the puppet master again and again, take advantage!
But seriously, the news background is interpreted differently.
First news: the Chicago exchange CBOE has filed a new application for the opening of the first bitcoin-ETF to the us securities and exchange Commission (SEC), the issue of ETFs for bitcoin. If you look at the retrospective of gold as a commodity-type instrument (in fact, like bitcoin, equated with the SEC Commission to commodity assets), after the issuance of ETFs, the cost has increased significantly. This was primarily due to the acquisition of the asset without physical delivery.
At the same time, the Issuer supports the ETF with a physical acquisition (purchase of the underlying asset), which leads to an increase in total capitalization, and this is a factor for growth. Mixed funds can also use derivatives, which is not so positive for the stability of the asset in the future. As a result, a bubble of derivatives is inflated. While information on the structure of ETFs on bitcoin is not, as a matter of fact, more or less clear position of the SEC on the issue of ETFs. In this case, at a short distance of time, the derivative will follow the underlying asset and, with the positive decision of the SEC, the market will get a good reason for growth.
In anticipation of the official response of the SEC, the market will be stable. The movement is likely to occur in the growing channel indicated on the chart.
Reasons for growth: Matropattern and price movement from 50 to 200 MA. Plus movement within two growing channels (blue and green).
ARK – 516 % Earnings possibleHello Guys!
Here it is another much undervalued coin.
As you can see on the chart according to Fibonacci levels we are very low (same level as in December 2017). Same levels were observed in August 2017 before massive rally when one could earn nearly 600%.
So traders look now at Visible Range. We are below much below “fair” price and in the lower part of the Volume Area. It means 70% of all traders bought their coins over the current price. They won’t be willing to sell until they get their money back. Fair price is established at 0.00034035 BTC
What’s more we have double bottom already formed waiting for a great rally. Stay vigilant and observe the volume and price. Last time rally took us only 6 weeks so be prepared.
What’s more we have crossed MA50 which is very good sign.
On Weis Wave we can see volume rising and no supply therefore we have stronger price pressure. We need more volume to obtain such levels as in 2017 but stay patient and positive.
On MACD chart we can see positive divergence – all bulls’ crosses are higher from the previous ones ones.
So guys. This might be very interesting trade with great potential.
Observe levels such as 0.00026801 than 0.00035000 and than our first Fibonacci target 0.00043297. We have to break them all in order to break supports and obtain confirmation of the uptrend.
Fibonacci levels:
Target 1: 0.00043297
Target 2: 0.00058805
Target 3: 0.00071339
Target 4: 0.00083872
Target 5: 0.00101717
Target 6: 0.00124447
Thank you for all support. You are the reason why we are making this.
If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution!
If you don't want to miss out updates don't forget to follow us!
HUGS!
WBM Team.
Similar Pattern? Still heading up in a bull flag?I find the patterns here on the last two rallys eerily similar. Two bumps against the top of the flag, then only a partial retrace down to the red box before it reaches the top for a 3rd time. Then a bounce off the bottom and back and forth before another rally up.
What do you think of that? My initial 3rd wave projection appears to be off, and if the 4th wave drops any further, it will invalidate my EW count... but even though the wicks of the 4th wave and 1st wave overlap just a smidge, I'm keeping my count where it for now. Another bounce off the bottom of the bull flag could trigger the 5th wave up to 6800-7000.
The bottom is behind us...uptrend continues!See my previous idea from June 26 for confirmation of this idea. The EW waves have come to fruition, although it took several days longer than I expected. This current wave of Monday morning I hope gets up closer to 6800 over the next 8-12 hours so we can see a nice retracement of the 4th wave without crossing back below the end of the 1st wave. Guessing how quickly these waves will move has been a challenge for me, as it seems the BTC is sluggish for 90% of the week and then decides to make up all the ground in a 30 minute time span! Hopefully you all got in on the trading action before Friday, or at least before this morning.
My last idea mentioned that 6000 or below would be an excellent buying opportunity, and I was right. I added 20% to my position at 5915 last Thursday evening, the 28th. I'm up 12% on that buy already with lots of headroom to go.
Let me know what you think of my EW counts.
Longer term, I would expect a retractement of this impulse wave structure back to around the 6600 level before continuing in the uptrend channel.
Have a Great Day!