BTCUSD - Trend Analysis (NEUTRAL) Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably).
However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.
NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
Trend-analysis
XRPUSD - Elliot Wave Theory + Trend Analysis (SHORT)Alright, so XRP has been on a bull trend for a while now, and I think we're primed for a pretty big correction.
XRP appears to be pretty heavily overbought, and we'll see how this plays out.
PLEASE NOTE: All my charts show purely the TA side. Please apply your fundamental knowledge of the crypto market(s), and XRP in general to use the chart to make informed decisions for yourself.
XVG - Trend Analysis + Gann Fan (LONG)Alright, so on December 24th I predicted a crash in XVG, which was for the most part correct (despite some minor bulltraps):
However, given some indicators and analysis of the order books, I think it's quite very possible that this is the end of the correction.
We broke a massive supporting trendline , and on top of that we just had a confident 1/1 retracement breakout.
RSI levels looking healthy, and it looks like this is the bull run that many were looking for.
Given the very apparent volatility of this coin, please trade cautiously.
(USING 4 HR CANDLES!)
XMR - Trend analysis (SHORT)Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
DASH - Trend Analysis + Gann Fan (LONG)Alright, so DASH got overbought pretty hard in the recent past and we're seeing some of the inevitable correction that comes from that. However, given some indicators and the trends going on, I think that a reversal into a bullish market is very plausible here.
Wait until we break the resistance trend line before we consider a bull market!
Happy trading!
EDG - Trend Analysis + Gann Fan (LONG)Alright, so EDG had a massive pump in the recent past and we saw a correction in the market from this price spike. However, based on some indications I believe that the correction is (for the most part) over and that we'll see a massive upsurge once again.
For those thinking about making a position, I suggest that you place a sizable buffer before you consider a 1/1 retracement breakout!
Happy trading!
IOTA Gann Fan + Trend Analysis - SHORTIOTA was Overbought twice in a short period of time. There will be heavy volatility in the near future, and market consolidation is to be expected.
Given the current trends, I personally believe that shorting IOTA would be the best choice here. The price is nowhere near a 1/1 retracement, and is showing little signs of a reversal into a bullish trend in the (very) near future.
Also, with all the other coins I took a look at, it looks like a correction is imminent across the board. Be cautious!
I'll take a look back soon to help confirm/deconfirm what is being shown right now, but it's not looking too good.
BCH - trade triangle formationHey, this is my first publication - I'm still trying to get the hang of this. Feedback is much appreciated, happy holidays!
I've picked up some BCH during the big dip we had a few days ago and ever since, it seems we're moving within the triangle, trade volume is particularly low. My gut says this is due to holiday season and we might struggle to get BCH to take off until January. Our biggest hold back right now is COINBASE:BTCUSD and the FUD around it.
Side note: I believe cryptocurrency market requires a new king within the next few months, otherwise we're going to see a rough market this year due to mainstream media completely butchering the market perception. Basically the longer it takes us to recover from the dip, the worse beating we'll take and the trends will continue to move sideways/flat.
ZECUSD - Trend Analysis + Gann Fan + Head/Shoulders (SHORT)Not lookin' too good for ZCash here.
Very clear bearish trends. Not even close to the 1/1 retracement angle to be considered at all bullish.
ZCash was overbought heavily at numerous points in recent history, and ZEC is still fighting the inevitable correction.
The uptrend wave on the right shoulder is a bulltrap, and that we're going to see ZCash heavily in the red in the near future.
Trade cautiously!
12/14 ETH Trend Forecast PredictionBased on a number of highs and lows, I'm attempting to forecast the swings and general direction of the trend line. I'm thinking things will pick up in about 5-6 hours and start a bull run, achieving the bull run toward $800 USD. I think it will stall a little over $800 USD through tomorrow morning before eventually running back up to $850-$875 USD later tomorrow, then dropping back down to sub $800 levels.
GBPCHF One More Leg UpTrading method: RSADVANTAGE Stage 5 , 95% accurate black box system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
GBPCHF
Technical Outlook
To open long positions for GBPCHF , it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed 130 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 1.34210
Swing low: 1.32780
BTC correction idea for this monthSo a correction is in play now, and BTC likes to do 30-40% corrections in this runup since the end of 2015.
This woul coincide with the middel 1d bollinger band, and would allow the 1d stoch RSI to cool down again from overbought levels to oversold levels. This would lead to an exceptional entry point within the next few days to go long.
However, I strongly advise against shorting, because there is a not so low probability that BTC will just continue the rally on monday, and the full correction will not play out.
This is a scenario to which I attribute a probability of about 60-70%. Since BTC is in ultra bull mode, the whole correction might not even come to pass.
However, the indicators say that it is quite possible, so I will position myself accordingly, as this would be a perfect entry for a new long position. The next days/week till the 18th, and on the 18th especially, might show some insane volatility, so be careful :)
$BCH looking very goodBitcoin cash RSI just went to oversold, great volume has been building up, and MACD is ready to go up.
NEO following the pitchforkDifferent trend lines can help look for patterns. In such a volatile market, patterns can be deceiving. However, it seems like NEO is jumping from each level of the pitchfork fans. It seems like it's doing its climb on the 3rd tier of the first pitchfork before jumping to a new one.