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LTC showing some signs of bottom? Litecoin (LTC) is building strong momentum and could potentially move higher. It has outperformed stronger pairs in last weeks and still has some more upside potential. There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart. It indicates underlying strength. Bears are exhausted. Warning of possible trend direction change from downtrend to uptrend. I also marked with blue lines the price action and movement – the channel is narrowing, which could be potential bottoming sign. Green area was charted long time ago as strong resistance area – it shows the buying pressure before the big run to upside. There are still plenty of buyers on this level. For some long term buy, this is not a bad price, especially if can stay above resistance level at $30.
BITFINEX:LTCUSD
by Tilen_tradershub
XRP still above long term support trendlineXRPUSD weekly chart still looks good. Long term trendline holds for now. Higher lows and lower highs are forming symmetrical triangle and breakout will determine next move up/down! There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout. We are getting closer to that so stayed tuned!
BITFINEX:XRPUSD
by Tilen_tradershub
3
ZRX with potential Coinbase listing getting some fuelApart from increased speculations that Coinbase will be listing another cryptocurrency and according to the rumours, this time around ZRX will be chosen for a listing on Coinbase, I also like the price movement of ZRX. ZRX basically went back to the beginning of the last exponential rise, touching bottom at $0.43 and retested $0.5. Now we are seeing same picture and potentially the next leg up. $0.84 is next resistance, if we manage to break that, this coin will go much higher. My target is $1.25 (last higher high, from lower low – market blue).
BITFINEX:ZRXUSDLong
by Tilen_tradershub
ETH nearing a possible breakout from falling wedge Ethereum is picking up like the rest of the market, closing on the resistance of falling wedge formation. If It manage to break out of it, ETH will easily reach next target at $300 and $360. If the price retrace again, one stronger support is under $200 level. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower (market red and green). This price action forms a zone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
BITFINEX:ETHUSDLong
by Tilen_tradershub
3
Bullish on XRP I'm bullish on XRP, not just on short term as I published in my previous analysis (great for those who read and followed the call), but also on longer term. I think we are in the second bullish wave that can send this coin a lot higher than it was in first week of the year. History repeats, financial instruments move in cycles and charts don’t lie. Prices move in random, but repeating cycles, which are predominantly driven by the participation of large traders/institutions/funds. I think those were already accumulation some volumes on the way down and if Ripple really delivers XRapid on the market as stated, we could see XRP booming like never before. $72; $86 and $1.38 my targets for the next leg up, but on longer term, this could be just a beginning.
BITFINEX:XRPUSDLong
by Tilen_tradershub
7
BTC in possible last Elliot wave cycleI have been observing long cycle of BTC for some time now, and we may see closing of Elliot Wave formation. It may be the last wave of downward trend. We all know that in trading, financial instruments behave in chaotic manner and are traded in repetitive cycles. History repeats. I’m more short-term trader that long term analyst, so these long-term predictions are very hard to guess, but observing the chart from top in DEC 2007, we can see 5 waves in correction phase. Lower highs, followed by lower lows. On 30th of June, BTC tested low at $5700 and from there the price made two higher lows which is positive sign, but on the other side didn’t managed to touch higher high from the previous low – crossing that $8600 mark. I think that’s the level to watch in next possible run up. Until then, I’m still bearish. RSI is picking up as well showing this positive momentum has some more upside potential and has a bit more room to climb before hitting overbought levels, so buyers could stay in control for much longe Bitcoin was consolidating inside a descending triangle pattern but is starting to break past the resistance. This suggests that a long-term uptrend may be in order, possibly lasting by the same height as the chart formation, which spans $6,100 to $8,400. The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff is still more likely to resume than to reverse. Price is breaking past the 200 SMA dynamic inflection point, though, so a pickup in buying pressure might be seen, especially if price breaks past the channel top at $6,900.
BITFINEX:BTCUSDLong
by Tilen_tradershub
Ripple is making its way out of a long-term descending channel XRP price is getting in a bullish zone against US Dollar and Bitcoin pair. XRP/USD could advance above the $0.33 level if buyers remain in control. Price also crossed 100 SMA which gave some more fuel to bullish momentum. XRP formed low at the $0.25 level, double test it and reversed to the upside. The best thing in reversal was clear close above the $0.30 level. We are now in the second green daily candle which indicates this bull run has some more fuel to go. XRP performed many crazy bull runs before, so keep in mind we are not out of the bear trend yet, but things are getting interesting at these levels, especially as Ripple officials yesterday indicated that xRapid could come to live soon.
BITFINEX:XRPUSDLong
by Tilen_tradershub
4
XRP price holds steady above $0.31 resistanceXRP price holds steady above $0.31 resistance against the USD. It is placed nicely in a positive zone and it could move past $0.34 soon. As long as the price is above the $0.31 support area, there could be more range moves in the short term. On the upside, if ripple price surpasses the $0.3347 (previous high), there could be more gains towards. Watch out for possible break below $0.31 and test $0.30. Some more good news came from Ripple company in last days: On Wednesday (19 September 2018), cross-border payment specialist Ripple announced that it had signed up PNC Bank, a top 10 U.S. bank. PNC Financial Services Group ("PNC") is the nineth-largest U.S. bank, according to the latest numbers from S&P Global Market Intelligence, with $380.7 billion in total assets (as of 30 June 2018). It has over eight million customers (consumers, small businesses, and large corporations) that use its "various deposit, lending, credit card, cash management and investment services," and retail branches in 19 states. Ripple says that its technology "will have an immediate impact on each of those groups, enabling PNC’s commercial clients to receive payments from overseas banks in real time." By using Ripple's xCurrent product, a commercial client in one of the U.S. states can now receive a payment from a UK customer will be able to receive payments almost instantly, which has a transformative effect on the way "they manage their accounts receivable and allowing them to better manage their working capital." PNC has already completed a pilot phase, and plans to immediately start using xCurrent in production. Asheesh Birla, Ripple's Senior Vice President of Product, said that Ripple is hoping that once PNC has become comfortable with using xCurrent, it can get PNC to also use Ripple's liquidity solution, xRapid – that would bring XRP to live.
BITFINEX:XRPUSDLong
by Tilen_tradershub
6
BTCUSD short term playBTCUSD still looking bullish on 1h chart. Its moving nicely in an ascending channel (yellow) from the local bottom at $5900. We have Fib. 0.618 support at $6260 and the resistance at $7150 (last high). Usually gaps on the downside get filled in, before we get new confirmation of the trend (between yellow support/resistance levels). On 15 min chart BTC is building ascending triangle formation (red). If we get a break above that, I think the next leg could take us up to resistance at $7150 and opposite – break below that level would take us back to Fib. Support $6260. You can put stop loss just under and wait for confirmation. We are far from any change of trend. The downside is still in play, I marked last support zone with blue and indicated $5760 being the last support. Even though we are still in bearish trend, Intraday trading still offer good opportunities, so adopt your timeframe accordingly.
BITFINEX:BTCUSD
by Tilen_tradershub
3
ETH struggling, but support is in place - for now. The whole market is bleeding and so is Ethereum struggling to reverse. The bearish trend line and the $625 resistance level have not been taken out. Until they are not, it makes no sense to go long. For now, the support at $468 is holding, but if bears manage to break it, the fall to APR low is next target. We are seeing a lot of negativity on the market, despite some good news from various coins. If you believe in some of these technologies for the long run, then there is no reason not to accumulate in extreme weakness, but If you are a day trader, then you should take some profits out and play the volatility on the downside as well.
BITFINEX:ETHUSD
by Tilen_tradershub
ETHUSD break from ascending channel, next move?ETHUSD broke out form ascending channel and its now moving down to support zone – blue line marked. It’s still nicely above 200MA, while RSI and MACD indicates further decline. It’s not a direction change yet and could be a false breakout and reversal back up from here. I'm waiting for next daily candle and I am caution on any major correction down from here. Market is under pressure today, but we saw many times how quickly things turn around on crypto. Observe the movement on support zone around $620 level, there are two possible scenarios. Going lower to $400 area or remaining in uptrend which would take Ethereum back to $1000.
BITFINEX:ETHUSD
by Tilen_tradershub
1
ZRXUSD by the book trade; looking for further gains.I usually pick fundamentally strong projects for my trading activities. I don't like to do technical analysis on weak coins. I added ZRX to my portfolio a while ago as I see it as one of the future best performers. 0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain and will be used for powering decentralized exchange. It came out in October 2016 and could become the future where all kinds of assets, stocks, currencies, precious metals, could be traded publicly on the blockchain as tokens. From technical analysis perspective, ZRX token has formed a classical cup and handle pattern (marked red). A cup and handle pattern on bar charts resembles its namesake. The cup is shaped as a "U" (avoid patterns with more “V” look) and the handle has a slight downward drift. The right-hand side of the pattern typically has lower trading volume where price consolidates before it picks higher again. Place a stop buy order slightly above the upper trend line of the handle and wait for a break out. A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. I market my first target at $2.3, but the final target I will reveal later. Blue lines indicate possible formation of handle. Strong support is on $1.5 level.
BITFINEX:ZRXUSDLong
by Tilen_tradershub
2
GNTUSD ready to extend rallyGNTUSD made a nice break from the descending pattern, bounced of resistance at $0.26. Perfect entry was right at strong support on $0.18-0.20 area. Now we are moving higher and despite some market correction, GNT stands well. I’m looking for rebuy on support zone, if we get there and target my next level at $1.27 and $1.52 approximately. Check the volume at break – I market it with red. It’s important to watch for strong patterns and get confirmation with volume along. Also, the MA cross made a good sign we are going to move higher from there.
GLong
by Tilen_tradershub
2
The giant is down - ETHMassive correction is underway and also big names such as Ethereum are not safe. ETHUSD broke major support level on weekly chart and its heading to area marked in yellow. Market corrections don't necessarily mean a longer bull market is at its end, but its normal cyclical movement, especially in emerging market like crypto. The bigger the gains, the greatest is fall. Charts have to reset and move back to MA and trendlines, then we can move higher again. Stay calm, there is some more negative push coming, then we will see massive gains again.
COINBASE:ETHUSDShort
by Tilen_tradershub
3
IOTA gaining some traction, Log scale looking very bullishI covered IOTA before. I like the coin and the project behind it. I think it has long term potential, but this is my opinion and not investment advice. I normally use Linear scale chart on my trading, but this time I will use Log scale as its more appropriate on very wide range. I normally don’t cover long term trades, but this one is just looking to perfect. Log scale basically change the vertical axis from a standard linear scale to a logarithmic scale. Logarithmic scales use intervals that correspond to orders of magnitude rather than intervals that are equidistant from each other. Using logarithmic values instead of actual values can reduce the wide range of data into a more manageable size IOTA had a massive drop like the whole market, but right not it looks like its forming a bottom. I market descending channel on 1D chart. Coin retraced 80% from top. Supports at $1.20 and $1 are currently playing crucial roles and longer trendline marked in blue. If that holds, we could see trend reversal very soon. I don't like the volume yet, but this is present on the whole market right now. MACD is picking up nicely, RSI is placed just above 40 level. I entered on the resistance and I'm keeping stop loss close if the market turns belly up again. If IOTA manages to break above descending trendline, it could move a lot higher – check what happened last year in NOV – same pattern.
BITFINEX:IOTUSDLong
by Tilen_tradershub
3
BTCUSD in rebound, but closing on major resistance! BTCUSD had a nice rebound, close to $7000 mark, just above previous low and its now bouncing back to descending trendline (RED). It’s still a bearish trend pattern. I market possible scenarios and important levels to watch out. In blue square I market two very important levels. One is just under $11.800 (BLUE square), it’s the last higher high, before lower low $6000 (BLUE square). These are important levels to watch when guessing if we have seen a reversal. BTCUSD tried to break over $11.800 twice and failed (on 20.2 $11.750 and on 3.5 $11.600). I think this will be a crucial resistance to watch. The second is for sure lower low at $6000, which I market back in 30 DEC 2017 in my post – stating we are witnessing a bubble burst. It’s the last red weekly candle. A break below that would take BTC possible down to $2000. As of this moment, we are in “dead cat bounce” pattern – seen many times on financial markets, we just passed $9000 mark and are closing on first resistance. I marked possible retracement (YELLOW square). If BTC manages to break from descending trendline, the nest resistance in $11.800 – BLUE, the last higher high. But the less optimistic scenario is a failed attempt to break higher and test of lower low at $6000.
BITFINEX:BTCUSD
by Tilen_tradershub
1
ETHUSD crash almost completed - hold on to your hatsThe giant of all crypto, Ethereum, is closing down on major support trendline (red), which I marked many times before in my posts. It’s the trendline which is indicating the beginning of the bull run from last year. It’s the line, where all growth followed. ETH has to reset and move to here, that’s the normal cycle of every assets. Too much enthusiasm and optimism has been involved in the market to early, too soon. The bubble of crypto has burst and new levels has to build up. Only when we complete this reversal, we could indicate a next movement forward. We had many indicators on the way down that were telling us this will happen. I will name just few of them. I market Head & Shoulder reversal pattern (red) which was completed right above $680 mark. For those of you, who follow me, I also market the same one on Bitcoin on 30 DEC 2017 when we were above $15.000 - indicating, we going to move down to $6000 level. I still stand behind this call. On Ethereum, breaking down from $680 mark, was the last point which indicated we are going to move down big time. I also marked two yellow supports - in between there is big green gap – too much optimism in this gap and it has to fill up with red. We need to move back to the start in order to move healthy back again. Ethereum has the support zone on $430-$450 level. The price could fluctuate a bit, due to large sell orders, but the support is there for those of you who want to participate on the bounce. A reversal could quickly get us back above $600 level, from there, we need to check new levels to watch – I will follow the trade very closely. It’s not the time to sell now, just relax, ETH is still a great asset to hold. I have seen many markets that crashed, but none did disappear. ETH is here to stay, but market has to reprice it.
COINBASE:ETHUSD
by Tilen_tradershub
4