Ubiqbtc
UBQUBQ trying to reverse (symmetrical triangle).
Good Buy
Fibonacci shows 78% retracement from huge increase in May 2017
4hr MACD uptrend
Strong support at 25k
Bad Buy
If break through support, next strong support is at 10k - 12k
Bear market
MACD quite extended. Expect short term downtrend
Uptrend Confirmations
Found good support on 50MA and starting to curve. Hope for a golden cross with 100MA. Hourly
MACD on the 1h indicating an uptrend.
MACD on the 4h indicates an uptrend is in progress.
Clear breakout above resistance line
Downtrend Continuation
Break through 50MA
MACD 1h could cross and begin downtrend.
Fail to keep above resistance line
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Short term Target - 32k/35k
Mid/long Target - 40k above
Stop-loss - 22.5k
Good luck!
Ubiq/BTC - Possible future buy signalsHello,
As we can see in the graph we are in a clear downtrend. We can see lower highs and lower lows. In addition to this the Ichimoku also shows we are in a downtrend. We can see that there have been some attempts to break this downtrend. The Senkou span A has been tightening, which shows that there has been less volatility.
We can also see that a triangle is somewhat forming, meaning there will be a break Oct 1th at the latest. If it breaks the downtrend line we have a buy signal. However, I would wait untill Ichimoku can confirm that a shift in trend is happening. Therefore I would place buy orders at the dotted lines, which change depending on the Senkou Span B.
Price level could potentially reach 0.00457 or 0.00518.
I would not advice anyone to act on this analysis since I am new to technical analysis. That being said I would appreciate if you share your thoughts/predictions.
Possible UBIQ Buy signalUbiq appears to be bouncing off of the .00614btc support after it hitting a double top. MACD is not signaling to buy just yet, but a crossover to show upward momentum will be a positive sign to open up a short-term long trade. Another buy signal would be price bouncing off the lower trend line, just wait 2-3 candles for confirmation. {Price target .0072BTC} On the bearish side, if we breakout below the trend we could break support and test the .0055btc levels so a tight stop is recommended.
-Constructive criticism welcome, help me become a better trader!-