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Tradewonk

ETHUSD- Ethereum is currently in a downside correction move. Price recently has been trading within a descending structure. - The price is in a consolidation area and are currently trading at 790, which directly coincides with a horizontal support zone. - If price can find support here at this level and find some upside as I would expect to hit the highlight of the sidebar key resistance line at 930. - If the price break through key resistance area, it will more likely continue the bullish trend.
BITFINEX:ETHUSDLong
by tradewonk
1
BTCUSDAs you can see, the Bitcoin price is in a consolidation area, and as expected the price will not continue highere so easy. It's having a hard time to break through the resistance. I think the price will stay there for some time, before it will break up. If the daily candle can close above the key resistance, that would be a very good sign that the price will continue highere and continue the bullish trend. As long as price holds in the consolidation area, there would be no worries for a new downtrend will start. We can start to pull the eyebrow if the price breaks the key support.
BITFINEX:BTCUSD
by tradewonk
2
DOGEUSDIt sure is fun trading when the Bulls come back in the market, but as it looks right now the bears are too strong for the dog. The price just broke the support line, it will more likely continue fall till the area with bull's wich is the "key support" line. In case of breaking through the support area, that would be a really bad sign for the dog. Dogecoin is a funny coin, people keep making fun of it. Well it is a fun currency after all. If anyone said last year January that Dogecoin would still be worth the value it is today, people would laugh. I have never been a big fan of this coin and i don't think on the long run they will stay in top 50 coins.
BITTREX:DOGEUSDShort
by tradewonk
NEOUSDThe price has retest the key resistance without breaking through. Notice that support and resistance getting weaker the more times it get tested, so next time the price again will test the key resistance line, it will be more likely that it will break through. At the moment we are still pretty the same with our previous analysis, and buyers can still play patience game. Green zone is a good buy opportunity, but in the right circumstances. Pay attention to the market environment when we reached zone.
BITFINEX:NEOUSD
by tradewonk
ADAUSDThe Cardano Prize dropped further against US dollars and bitcoins. ADA / USD is currently well below $ 0.3500 and in a bearish zone but have increased the last 8 hours from $0.3 to $0.33. The ADA prize is struggling to recover, and it recently fell below $ 0.332 against US dollar. There is a large drop channel that resists $ 0.3205 on the ADA / USD pair timetable. The couple is currently correcting higher, but it can get over much resistance near $ 0.3250 and $ 0.3500 in the short term. There was no major upturn in the ADA award above the $ 0.336 level against US dollars. The price did not move above the 0.4000 resistance and dropped again. During the latest picture, it broke $ 0.3500 and $ 0.3300 support levels. It even went under $ 0.3200 to test the $ 0.3000 area. A low was formed at $ 0.2995, and the price is currently consolidating losses around $ 0.3000 level. Right now the price are on the way to test a minnow resistance zone, if it can break the zone, it's more likely the price will go highere.
BINANCE:ADAUSDLong
by tradewonk
2
USDCHFRetest back into a strong demand / support area, possible retracement, long opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly  — Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future  — The strong initial move can contain a few small retracements but not so many that make this move slow and weak  — Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run  — Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms  — Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance  — A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is.
Long
by tradewonk
4
EURJPYStrong demand / support area ahead, possible retracement, long opportunity. Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly  — Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future  — The strong initial move can contain a few small retracements but not so many that make this move slow and weak  — Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run  — Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms  — Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance  — A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is. honestly
Long
by tradewonk
2
USDJPYRetest back into a strong demand / support area, possible retracement, long opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly  — Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future  — The strong initial move can contain a few small retracements but not so many that make this move slow and weak  — Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run  — Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms  — Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance  — A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
Long
by tradewonk
1
SBDUSDSteeem Dollars has been corrected down since it reached $16.57 high. Price went down as low as $2.2 where it found the support, confirmed the 86,5% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. After rejecting the support price went up and broke above the downtrend trendline , went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend. The first resistance is sen at $6.7, confirmed by Fibonacci retracement level, 61.8% applied to the corrective wave after breaking the downtrend trendline.
SLong
by tradewonk
XLMUSDAs we can see from the diagram, prices rise higher and with stochastic signals expand, it is likely that prices will continue to rally-as it does at the moment, which means that each move back in lower time frames is another ready purchase opportunity . Let's not forget that we act from a top-down approach. If this week's end is bullish then there will be a sweet confirmation on a 3-bar reverse cow pattern - Morning Star in the weekly chart. Therefore, all low times that print in lower time frames are another option for buying dips with bullets of $ 0.70.
BITTREX:XLMUSDLong
by tradewonk
2
STEEM Breaking out of a Descending Trendline?STEEM looks to be breaking out of a downward descending trendline. Confirmation is still needed on the daily and so admittedly this post is early but we are in a buy range regardless. While many investors rate cryptocurrencies by market cap, blocktivity.info takes into account all of the actual activity on the blockchain. This provides a clearer picture of which blockchains are actually delivering value. The above chart shows how the price previously hit three times the huge demand area and it looks for me it's about time to breakout.
SLong
by tradewonk
BCHUSDToday we are watching BCH with 1 day sticks. In the beginning of this year we saw BCH playing at about $2500 and just a month later we are taking notes on $1250. The correction has been going on for more than 40 days so we are all hoping that's it's over. The Bitcoin Cash Prize currently consolidates over $ 1,270 against the US Dollar. BCH / USD must break a few key opposites such as $ 1,600 to trade further higher. BCH has had some good momentum today with a 200 point pop. its spent the last 2 days consolidating in a nice range. we are starting to break range which also could take us over resistance on the daily charts for a run to 2k in the next month or so
BLong
by tradewonk
1
Zcash On FireThe last four days have been happy days for Zcash investors. Privacy is what people are wanting in almost every aspect of their lives and some of the biggest companies have seen this as a business opportunity. During the December rally, Zcash hasn't been the top choice for investors, although it showed a healthy 500% gain, reaching USD 813. On a corrective move down ZEC/USD lost almost 70% and was stopped at the 76.4% Fibonacci retracement , hitting USD 254 low. Demand level applied to the last correction down as well as prior corrective wave after the downtrend trendline breakout shows that the price is on the way to the next strong supply area. If the price can break through the supply area, can we start aiming for $1000.
BITFINEX:ZECUSDLong
by tradewonk
1
EURUSDStrong supply / resistance area ahead, possible retracement, short opportunity.  Stuff to remember:  — First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further  — Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly  — Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future  — The strong initial move can contain a few small retracements but not so many that make this move slow and weak  — Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run  — Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms  — Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance  — A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
Short
by tradewonk
4
ETHUSDThe Ethereum Prize is in a bearish zone against US dollars, but it is stable against Bitcoin. ETH / USD is currently rising higher, but facing a crucial obstacle near $ 1,020. There was a big disadvantage moving from well over $ 1,100 in ETH price against US Dollar. The price fell sharply and moved below $ 1,100 and $ 1,020 support levels. During the downside movement, there was a break under a big bullish trend line with $ 1,115 support on the 4-hour chart for ETH / USD. Therefore, the levels of $ 1,020 and $ 1,025 are important resistance levels. Can we break through, he price will more likely continue much highere.
BITTREX:ETHUSDLong
by tradewonk
1
BTCUSDFor weeks we've heard various targets for the "bottom" of this correction, some magical place where the pullback from the peak would finally reverse and the bulls would get their mojo back. I aimed for 7.5K on my previous charts, and as the correction goes on, that target has come into sharper focus. After hitting the fabled "8K" that everyone's been chanting about, we should see a solid bounce back up to a strong demand, on the way to complete a trendline, and enjoy more sideways ranging from 10K-11,5K underneath that 50% fib. Looking for a strong bullish reaction around 15-16K. Might be setting up for another bull trap and slow slump just like how the 2014 bubble bear market started..
BITSTAMP:BTCUSDLong
by tradewonk
2
Zcash About To ExplodeWe see a great opportunity again to buy the ZEC dip. For those following ZECUSD with me, our last dip buy was 200 USD, now we can buy again low. The price bounces from the support and demand zone, fib confirms price reversal and supports upward movement. We have a good buy opportunity. Zcash offers zero certificate of knowledge (zk-SNARKS) and was the first project to integrate this feature. They have an improved trusted setup, where everyone can participate, ongoing page for a few weeks. There are really cool ideas and suggestions. In September 2018, they plan to start the "Sapling" upgrade. Assumed to reduce RAM consumption for zero knowlodge proof transactions from> 3GB to 40MB Remember, the key things is BUY LOW - SELL HIGH
BITFINEX:ZECUSDLong
by tradewonk
1
BCH / USDBitcoin Cash traded a few points below the $ 1400 level. It formed a low level of $ 1,390 and is currently correcting higher. It has moved over 23.6% Fib retracement level of the last big drop from $ 1,638 high to $ 1,390 low. However, BCH buyers face many obstacles on the upside close to $ 1,520 and $ 1,540. More importantly, yesterdays highlighted a new bearish trend line with the current $ 1,520 resistance, active on the BCH / USD timetable. The couple is now well above the level of $ 1,450 and consolidates losses. It tested almost 50% Fib retracement level of the last big drop from $ 1,638 high to $ 1,390 low. However, it appears that trend line resistance and $ 1,540 are important barriers to buyers on the upward.
BLong
by tradewonk
1
The Bitcoin Demand Area I'm Waiting ForGoing to $8500 would be a sign of strength for BTC Everyone talks about bitcoin crash, but in my opinion is a quite normal retracement, and i'm waiting till it hit the strong demand area + 61,8% fib + complete the trendline to buy and hold bitcoins. Notice the "demand area" how the price earlier went to the moon in no time, and that's a sign of many buyers in this area. It would be a great thing if this stuff all got sorted and the 'threat of 8K' was taken out of play. Big money has too many alternatives right now and we definitely need new money entering the space. Expect some hiccups on the way up, as people will be leaving en masse once they have recouped their losses and new retail investors are more hesitant to enter.
BITSTAMP:BTCUSD
by tradewonk
4
ETCUSDEthereum Classic Price Resistance There were decent gains in the ETC award above $ 30.00 against the US dollar. The price was traded as high as $ 33.41, from which a downside wave was initiated. It moved below 23.6% Fib retracement level of the last wave from $ 26.00 low to $ 33.41 high. The drawback is moved out under the support area for $ 31.00, which ignites additional shoppers. During the downside movement, there was a break below an important bullish line of draw with $ 30.30 on the timetable for the ETC / USD pair. The pair currently tests the support of $ 29.60 and the 100-hour simple moving average. In addition, the 50% Fib retracement level of the last wave works from $ 26.00 low to $ 33.41 high also as a support. However, the couple is now under $ 30.80, and $ 30.20 supports, which means there is a risk of multiple falls. On the backside there is a connecting bearish trend line that produces resistance of $ 30.20. A break over the trend line and $ 30.50 is required to avoid further drops. Over $ 30.50, the price could recover $ 33.00 swing high in the short term.
KRAKEN:ETCUSD
by tradewonk
STEEM to $100?STEEM is going to go $100. Look at the rising volume! The sweet accumulation period is about to come to an end. There will be dips along the way, but overall 2018 will be a great trip! Total accounts created on Steemit 668K+ Daily number of posts 250K+ Daily active users 60K+ Average daily new accounts created 2500 - 12500 And counting! We use social media every day so why not get paid for it in a cryptocurrency that will increase in value. Personally, I do not know why anyone would stop using this platform, do you? If you have a few hundred dollars laying around, buy STEEM. The idea is so revolutionary that I can imagine that Steemit becomes the most popular social media site for techies. The ability of early participants to earn a lot of money sounds like a ponzi scheme, but Steemit has made some steps to keep the market unchanged and increase its long-term viability. View the original post here: steemit.com
SLong
by tradewonk
5