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.
Trend-analysis
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.
XAUUSD (Gold)- Price Analysis Last week we saw that price didn't trend hard in one direction but with all the major fundamental events that occurred price action ranged between 1265 area and 1280 with a brief stop hunt at 1285 to clear the board of sellers and grab liquidity for the push down at NFP last Friday. Even negative NFP numbers were not enough to push Gold prices higher, with a future rate hike for USD in December already being priced in Gold moved lower.
This week fundamentals are a lot lighter with just a few central banker speeches (could see price swings during these speeches) and a USD bank holiday on Friday for Veterans day. This could possibly give us some trending price action with continued movement in the current direction. Contracts look like they have been accumulated during last week so possibly we could see a breakout of this range with the bias being to the downside. First target would be the 1260 area and a break of that could take it lower to 1250 support. If price breaks the 1280 cleanly I would stop looking for sells. The two scenarios that price could play would be (A) go for a retest of the broken support just above 1270 then down to the major support at 1260 or (B) a continued move down to 1260 zone, accumulate contracts and then bounce or break. Watch the correlations with other USD pairs to determine the strength of the dollar.
XAUUSD (GOLD) MARKET ANALYSIS- Major Fundamentals This Week Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend.
This week could be somewhat unpredictable with the amount of fundamental events on the calendar to end this month and start November, we could see some volatility. The major areas for this week to watch for me would be 1280 as resistance and 1260 as a major support which was made off a bounce from last month NFP results if I'm not mistaken. So to determine further price direction a clean break of one of these areas would be confirmation.
Surely its possible for it to happen this week as there are many high impact fundamental events including interest rate decisions by the FED (USD) and BoJ (JPY) which will have a huge impact on Gold. Also its NFP on Nov 3 which again will rock the USD and then there are other major events for CAD, GBP and AUD. Trade Safe!
ARK/BTC Cheat AnalysisOh Arky Arky Arky.... What a horrible downtrend. Honestly, one of the most manipulated coins, next to OKCash. This coin can absolutely crush your nerves, and put you in loss after loss if you are not careful. Fortunately, I've developed a pretty sound method for making money off this dirty little ****. The trick I found is to draw a support line that is a bit above the average support on the downtrend. As you can see, I have already drawn it to show you. Now after drawing this support line, just buy underneath, and sell above at around 5-10% or when they throw the sell wall back on to manipulate it. That's it. No more guessing. Another good rule to keep in mind with Ark is that if you are near the 24 hour low, it is definitely a great time to buy, because this coin likes to bounce back after reaching new lows. However after bouncing back a bit, whales like to manipulate again after selling off their cheap ark that they purchased whilst manipulating it down.
At this time, a great buy on Ark would be around 57,500-58,000 Satoshis, sell price 60,000-62,000. Anymore and you are playing with fire. Tbh I am not hodling for the long term on Ark myself, however I know that lots of traders are hodling it long term in hopes of it pumping again. I don't really see that happening for a while, but I do see it consolidating around 55,000 satoshis especially if the whales keep manipulating it. Long as you buy under the support line of the downtrend, then you should be able to make some nice profits with Ark.
Short BTC, short term -Opened short at 3950, stop-loss 3990
BTC is up for a correction to the bottom trendline.
RSI looks like it peaked and we're only making lower highs from here.
This doesn't concern BTC on the long term, I will take profit around the resistances at ~3300 and open long around the trendline there.
After that wait for breakout confirmation when we get to the end of this movement.
Good luck! :)