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BTC over cliff or another joker out of hat?I published BTC chart some weeks ago when I suggested the fall to $6000 or even below that ($4000). I still stand behind this call. I think 2018 will be a lot different for BTC than it was now. I also think we will see replacement on No. 1 spot among highest valued coins based on market cap - but this is another a story for some other post. BTC price is standing on last support zone (yellow). I marked well known Head & Shoulders pattern (red). It’s a bad sign for all BTC holders. If BTC breaks down from here, the potential for reaching my target at $6000 increases a lot. Let’s see how things roll from here one. BTC made a lot of reversals and might put one joker from here also. But I'm not in and I'm not long on this one.
COINBASE:BTCUSDShort
by Tilen_tradershub
2
LTCUSD make or break?Recognizing the pattern in chart could led to massive returns. LTCUSD has been forming a descending triangle since forming a top on 12.12. Yesterday it touched resistance level at $100, which was the same as 4 days ago. Double bottom could lead to trend reversal, but even stronger indicator would be, break from descending triangle. Look for this break that could happen in next hours or look to stop loss – if we don’t get the break, LTC is going to test lower support once again.
COINBASE:LTCUSD
by Tilen_tradershub
2
BTC hit last red weekly candle just perfectly! $6000 marked.BTC retraced to $6000, exactly to the point I market weeks ago. It was the last red weekly candle. I need to see a couple of signs that this crash is over before putting more inside – for now it’s just a bounce back. I'm looking for several green candles in row, volume, RSI & MACD picking up to mark it a reversal point. I will cover multiple trades in following days. Stay tuned and remember to take this market with proper risk management set-up!
COINBASE:BTCUSD
by Tilen_tradershub
2
ETH double bottom and potential move upHistory always repeats on markets, that’s way we can predict things or at least anticipate them. Technical analysis is basically the study of past price and activity history from charts in order to predict future price movements. Let’s have a look at ETH price movement – (it was similar for some other coins, I will post later). ETHUSD had retracement back on 17 JAN low, and for now bounced back up. That was important support line, which can turn the trend around. Double bottoms are strong reversal points. And if the price holds above $790 on 1H chart we can anticipate higher prices and potentially target $1225. Looking at MACD, its strongly in negative, pointing to oversold position but moving back up, RSI is also picking up and most importantly, volume is rising. $919 is the nest resistance, after that clear path towards $1225. If we brake below $790, next strong support lies on $660 and continuation of bearish movement. I will follow the trade from here, step by step. After such dip, investors have to change sentiment – which is the difficult part, but when they do, we will see nice rebound back up.
KRAKEN:ETHUSDLong
by Tilen_tradershub
1
BTC weekly chart ready for correctionBTCUSD pair was struggling over the last 24 hours. Bitcoin has been absolutely pummelled after the well-documented break above $10,000. The daily candle from the last session would have been a shooting star. This is a very negative sign, but currently it looks the $9400 level is offering support. If it gives way to selling pressure, expect a run down to the $9000 level. If support holds, the uptrend could take BTCUSD above $10,600. But on longer time frame I'm not so optimistic. Weekly and daily charts on Bitcoin are looking way overextended for healthy growth. The last time that Bitcoin had a negative week was in beginning of NOV, since than we only saw one way – up. From technical perspective a retracement back under $6,000 is possible and the first strong support is just under $5,000. From there, Bitcoin can start building bullish momentum again. I see this scenario very possible before we get any further leg up.
COINBASE:BTCUSD
by Tilen_tradershub
1
ETH rebound in sightThe day after tomorrow or what should I call the last day correction. Its massive, but its not something we did not see before. I’m posting 1H chart ETHUSD, you can see we had the same correction in DEC, when market fell 47%. It bounced back from trendline and in 10 days completely recovered. Now its almost the same story. ETH lost 44% from top, rebounded from trendline and fib 0.382 level. We will see some sideways movement from here on and if nothing fundamentally changes, I think we will see higher prices in some weeks.
COINBASE:ETHUSDLong
by Tilen_tradershub
1
Ripple rebound...can it last? XRP had massive correction from top. It’s now hovering on $1.36 level, it touched lower support on $0.89, which was also fib 0.326 level. Next resistance to the upside is on $1.63 which is crucial if we want to see higher prices. Daily chart is not looking good for now and we are not out of the woods, but this is part of crypto trading – there is a lot of movement connected to panic selling or FOMO buying. Its risky market and at the end its important that you hold coins that have some value, working product and liquidity. Now it’s the time to start looking charts step by step, if we see progress we are OK, but currently there is still a lot of bearish pressure on market so keep your SL close.
KRAKEN:XRPUSD
by Tilen_tradershub
AION 3th generation blockchain - long opportunityAION describes itself as "The Third Generation Blockchain Network". A multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks. It’s just one of those tickers you have to track in portfolio and increase positions when the chart gives you opportunity. I'm looking at AION/BTC pair on 1H & 4H chart. We can see a bullish pattern forming. Its basically Ascending Broadening Wedge. The wedge pattern differs in that it is generally a longer-term pattern, usually lasting three to six months - in crypto a little less as everything moves faster :). It also has converging trendlines that slant in an either upward or downward direction, which differs from the more uniform trendlines of triangles. Just watch out on break below the lower trendline, otherwise you can trade inside the channel. I'm long on this one, targeting higher resistance level.
ALong
by Tilen_tradershub
3
ARK on the way up from ascending triangleARK provides users, developers, and start-ups with innovative blockchain technologies. They aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases which make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need. I like ARK as a business model and as investment. Price is building up on nice trend line. It bounced over it one time, but failed to progress. Now we are back on trend line which I think acts as a nice support area. Volume is rising nicely, RSI is getting some support and price sits on 100 MA which acts as support. Its forming a ascending triangle pattern, which is among very bullish signs that every trader is looking for. Once we get over resistance on $8.7 we will see ARK tokens progress very fast.
ALong
by Tilen_tradershub
4
XRP saved by new contract and moving up again Ripple announced on Thursday a tie-up with Dallas-based money transfer giant MoneyGram. The move is significant because the arrangement involves the use of XRP, Ripple’s digital currency, which has recently soared in value but also faced questions about its practical uses. The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid, designed to provide liquidity to financial institutions. The news came right on time as XRP had trouble finding bottom. It touched low at $1.59 on 1H chart, tested twice the support on $1.8 and its now moving to next resistance at $2.45. It looks like XRP found support on this level. If it fails to sustain growth, a fall under previous low ($1.59) would most probably take us to $1. I don't see that coming and I think we will move forward from here. There was a lot of noise on the market concerning XRP and probably a lot of bears already sold positions. A couple of good news could trigger XRP to new highs.
BITSTAMP:XRPUSDLong
by Tilen_tradershub
2
XVG performin bullish patternVerge is set to open new bullish run once it will break up from symmetrical triangle as shown on 1H chart. The symmetrical triangle usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. It is similar to contracting wedge, wide at the beginning and narrowing over time. Only when XVG fails to break up from triangle, we could argue that bullish run is over here.
XLong
by Tilen_tradershub
1
XRP re-buy opportunity before next leg upXRP had a nice retrace back from top at $3.4 to below $2.4. The main reason was news coming out from Coinbase where they announced that, for now, it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX. The expectations for adding XRP to this exchange were high and the act after this is somehow expected. But... It’s just the matter how you read the news. In a blog post, the company, which currently allows customers to buy, sell, deposit or withdraw Bitcoin, Litecoin, Ethereum, and most recently, Bitcoin cash, said it wanted to explain its process for adding new assets. The post cited last year’s Digital Asset Framework announcement, where GDAX outlined the criteria it would follow when considering whether to add a new token or coin to its exchange. The company stated: “As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.” So basically they don't deny any listing. Beside this FUD and noise around listing. I think XRP is repeating its last leg from DEC where we had a similar retrace back (-30%) and then moved higher. XRP is above trend line, found support here, RSI is picking up, MACD is just below 0 but in bullish momentum. I will make my most aggressive projection so far. I was long on Ripple before, I posted many charts stating we can expect higher prices and now I'm setting a new target. I still see this coin above 5$.
KRAKEN:XRPUSDLong
by Tilen_tradershub
6
GNT with more fuel to the upsideI recommended Golem a few weeks ago, when it began its way up. Daily and weekly charts are bullish, targeting more upside potential. Here is a 1h chart, showing a narrow movement in channel. Accumulation of this coin should be done on lower support trend line, SL placed just under it, target 1$ and potentially higher. I will update idea after we reach first target. Yesterday GNT started trading also on Bitfinex which will certainly add some fuel.
GLong
by Tilen_tradershub
XRP with possible next leg upXRP price is building momentum for possible next leg up - current price structure is confirming that. Ripple is one of few big coins that suffer a large selloff, but immediately returned to bullish mode. MACD is positive, RSI increasing and price is approaching trendline which is acting as support. Strong support zone is placed just under $0.90, first target $1.17, which is previous high on 1h and 4h chart. My target for XRP in next sessions is placed on $1.2 and $1.4.
KRAKEN:XRPUSDLong
by Tilen_tradershub
XRP with some more fuel to the upside Massive volume entered into XRP on $0.75 - $0.90 level (market on chart). Lower support on $0.68 was successfuly tested twice, crossed MA and skyrocketed over resistance area. RSI and MACD were building momentum and are placed well in bullish zone. I project target $1.5 reached very soon on this coin. While the market has been focused on Bitcoin and commercial banks continue their migration onto enterprise-grade platforms, the Ripple team has been working on a new solution that allows banks to settle cross-border payments with end-to-end tracking instantly. Posted on the official website on the 19th of December, the announcement reads: "The Ripple xCurrent product — a solution that allows banks to settle cross-border payments with end-to-end tracking instantly — is now enterprise-tested. Also, the public XRP Ledger, operating since late 2013, successfully completed 35 million ledger updates without failure and offered throughput of 1,500 transactions per second."
KRAKEN:XRPUSDLong
by Tilen_tradershub
2
BTC in much needed correction & possible buying zones BTC is in massive correction. It was expected after great bullish run. I published short trade a while ago - I was a bit quick on that, I admit, but my target still remains the same. I see BTC under $10.000. I marked some retracement points. We touched first one just below $13.000, marked at support line from 10 DEC low and exactly on 0.5 fib. retracement. Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. Fibonacci retracement is created by taking two extreme points (a major peak and trough) on a chart. This time I used 12 NOV low at $5,739 on 4h chart and a peak at $19,800. Supports and fib. numbers are aligned perfectly, showing us next possible resistance zones $12,800, $11,166, $6,700.
BITFINEX:BTCUSD
by Tilen_tradershub