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Uasf

A take on BTC short-term price actionThe chart speaks for itself. Make sure to have your funds in a safe place BEFORE 1st of August, under no circumstances leave them on exchange (unless you dont mind losing them). Unfortunately, I am not able to predict what will happen after the critical first day of August as the situation is highly complex. One thing is for sure, fear and uncertainty will be spooking around in most of us. That would usually result in a sharp sell off, but since transactions are risky then, I really have no idea how this situation will evolve in term of price movements. I would really appreciate any feedback here, let me know what you think. Stay safe guys!
by ntron
2
ETHUSD Levels And Perspective: 160 Major Trend Support.ETHUSD Update: Yes it looks ugly, but it still has not broken the 160 major trend support. Bearish momentum is persistent and has taken this market back into the 160s. In light of the bigger picture, the bullish trend is still intact and 160 is the .382 of that trend. If price trades below 160 for more than a few hourly bars, I will adjust my major trend expectation from bullish to neutral which will shape how I manage longer time horizon trades in this market. The two pivot levels that will signal a return of bullish momentum if broken are the 177 which is the .382 of the most recent bearish swing, and 187 which is the .382 of the broader bearish swing. For those of you who have been following my reports, those levels are similar to the 190 to 180 support area where I was waiting for bullish reversals. This support area has now become a resistance (inversion) and needs to be cleared in order to signal the bears are losing control. UNLESS that happens, price is more likely to continue lower. Keep in mind there is a lot of hype swirling around these markets because of the "User Activated Soft Fork" and any other little piece of information is going to be met with all kinds of overreaction. It is tempting to buy into these cheap prices, but the risk is not worth it in my opinion. One great lesson I have learned over the years is that it's okay to buy higher as long as there are signs of buyers who can buy it from you as opposed to buying a low and hoping it turns around soon. Hope is a bad thing when it comes to trading and I have bottom and top fished enough to know it is not profitable in the long run. In summary, weakness continues but be very aware of the 160 support area. Price is likely to show signs of reversal here, but that can take days. And in order for price to signal renewed buying, especially in the bigger picture, 187 to 190 ultimately needs to be compromised. Unless that scenario unfolds, I am steering clear of the this market, especially with UASF around the corner. If 160 breaks, that will indicate a change within the major bullish trend structure which will call for adjusted trade expectations if and when long signals do appear. Comments questions welcome.
BITFINEX:ETHUSD
by MarcPMarkets
8
Just Having a FUD Laugh with $LTCJust having some fun in response to the "LiteCoin in the Final wave" post. I think it is always a good idea to step back and look at the big picture. Keep in mind that Litecoin has had this boom in large part because it's tied very strongly to Bitcoin charts, and bitcoin has also rocketed from 1200->2600 in the same timeframe. If Litecoin goes down, Bitcoin and all other crypto will go down too. So if this is the future, short everything ;) That said, I also have a strong feeling that the US economy is going to hit a low point soon, which would be great for Crypto. On big timelines like this, there are so many rumor, news, technology changes, etc, it's hard to only look at the TA with a straight face. Also, Litecoin has picked up serious momentum with Charlie Lee leaving Coinbase to focus on the Litecoin foundation, Litecoin being listed on new exchanges and supported by new platforms all the time. Interest is growing and so is regular new money coming into it. This seems an unlikely scenario to me--but what do I know, I've only been doing TA for 4 months. If in doubt, #HODL and come back next year--you'll be way happier not to stress about the "if" and "when" ;) Live strong and HODL long. tipping jars: ETH: 0xAA33bAe03131f3aa36e1de3e4bD53583c41F8d64 LTC: LeMkJv1Xoxnt2YvRgKkNZZJRgZYgGzcSyv BTC: 1CWDM7dYLoBwJyf2kbGANAmuySwFWC2NZu $LTC theme music: www.youtube.com $CRYPTO theme music: www.youtube.com Again, I'm not a financial/investment advisor, just having some fun and accumulating some crypto--so make decisions at your own risk :)
COINBASE:LTCUSDLong
by atomantic
8
Let's Segwit This Coinbase Addition!Litecoin has been on a roll lately, and for very good reasons. Technical Analysis: Earlier Litecoin broke through a strong resistance level with high volume. Turning the level to our floor. Litecoin has been going down for a few years now and it seems like a perfect time for a huge pump, if the fundamentals can support it, which it definitely could. Buy In: 11.70 USD First Target: 19.50 USD Second Target: 29.50 USD Third Target: 90.00 USD Stop Loss a small range below the floor. Fundamental Analysis: Despite growing price of bitcoin and good news from Japan, Bitcoin still has a major scaling problem. And the economic community is WAY more splitted in Bitcoin then Litcoin. This gives Litecoin its best ever chance to stand out and show it's usefulness. If it does that it should be economicly rewarded. Being the test rabbit for Bitcoin is the way to show that usefulness, and implementing Segwit is the action needed to achive it. Which is looking more and more like a reality, in fact the threshold for activation was just met today at 75%. Time of writing it is 78%. But there is more consensus then those numbers would tell you. In fact, only one guy is controlling the opposing side of the miners. Therefore the Litecoin creator Charlie Lee has said a UASF will be pushed through if that one guy keeps it under the 75% threshold. Actually it may be even more beneficial to Litecoins price if it does UASF, as it seems that is the way Bitcoin has to go. In my eyes that would make my third target more likely but it would take longer time aswell. And dont forget about the Coinbase addition! That is coming within 2-20 days I believe, and that fits perfectly on top of the segwit action. My TA has not been done on this kraken chart as there is very little volume, but it was the chart that Tradingview let me go longest back in time on. I have used BTC-E:
KRAKEN:LTCUSDLong
by Kryptokelly
8