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RLC/USD POSSIBLE FALLING WEDGE? LET'S SEE...RLC/USD is a token with low marketcap and, so, high volatility. Try to read a clear pattern is really hard, but if you match the trade the gain could be huge! This is not a complex example to understand, here it is : I think that RLC USD pair is drawing a falling wedge, seems that the price is moving sideways bouncing on the 0.37 $ support, that is also the 38,2% retracement of Fibonacci. If this trong support can hold the price until the end of the week, could be started a new bullish wave breaking the falling wedge. 1° Target : 0.44 $ 2° Target : 0.51 $ In a bearish scenario the price could fall down to 0.29 $ (next Fibonacci retracement) See you soon for the next update! --> If you like my ideas leave a like or follow me for more updates of the graphs. You can find me also in Twitter @cryptogabri . <-- -- This is not financial advice, for illustrative purposes only. Thanks! --
BINANCE:RLCUSDLong
by crypto_wise16
BTCUSD - Bullish channelThe price currently seems to be moving upwards in a bullish channel. The price has tested the resistance level of the channel on a number of different occasions, all of which have failed, the price has just tested the resistance once again and I believe the same to be true. Over the last month we have saw the price teste the resistance two times, on both of these occasions we have seen the RSI reach an overbought stretched position and the price test the resistance level. Every time this had happened we saw a downward push towards the support level of the channel shortly after, this seems to be the case on the third test of the resistance level. We have saw the price test the resistance and the RSI move into an overbought position, the price is currently fluctuating but looks as if it is soon to move down and test the support of the channel once again! Bitcoin has been doing incredibly well managing to overcome the 9,000 dollar resistance level, but this channel seems to be lacking the momentum needed to break out the top, I believe the price is much more likely to break out the support level and the price to start moving down. This is not a long term price prediction, as I think that bitcoin has got a fair chance at being able to reach the price it was at before the huge declines in December. But, again we come to the question that if bitcoin is able to move back to the price it was previously at by Christmas is it just a pump and dump scheme? I believe that this particular crypto needs stability and to consistently and slowly increase in value overtime, rather than aggressively increasing its value with hype and speculation.
COINBASE:BTCUSDShort
by JohnnyPurtoy98
Bitcoin (XBT/USD) Buy $5424.00 >>> $5750.00 (Profit:Risk = 5:1)Bitcoin (XBT/USD) Exchange: BitMex 1) Deal for update maximum price 2) Growth channel is still relevant 3) I still remain an optimist and I believe that we have not achieved our goal and objectives for Bitcoin --- Buy (x3 Leverage) = $5424.00 Take Profit (x3 Leverage) = $5750 Stop Loss (x3 Leverage) = $5359.00 ------ Take Profit = +6.01% Stop Loss = -1.20% --------------------- Profit:Risk = 5 : 1 Profit:Risk = 30.05% : 3.6%
BITMEX:XBTLong
by UnknownUnicorn285026
Bitcoin and Moving AveragesAt the moment I'm using moving averages 20-50-200 and Elder's Force Index ( EFI ) and that is working really well for me in Bitcoin and other alts so I thought I would share my observations. The 20 Weekly Moving average As you may notice, the 20WMA is quite significant, during the previous bull market it acted as a significant support and has been the main resistance throughout the bear market. BTC is currently just over the weekly 20MA, the second time in this whole bear market! Notice also how the price dropped in the last few days to re-test it as a support and we have bounced from it. Also, the first time we went over the 20WMA was when we re-tested the weekly 50MA as a resistance and that is the only reason it had enough strength to go over the 20WMA. So overall this is very positive for BTC but we have a lot of resistance ahead. The 50 Weekly Moving average On April 2 we bounced strongly off the 50WMA, then unable to go above the 20WMA we fell hard through the 50WMA without a bounce. Followed by two retest on the 28th of May 23rd of July. Since then the price has not been able to go higher than the 20WMA until in the last two days. The 200 Weekly Moving average This moving average is very significant in other markets and in the case of BTC we have bounced two times out of this moving average. This is the first time in this bear market that BTC has done so. If you get the GTL indicator and still in the weekly chart, you will notice the lower band channel (in light grey here) was so perfectly the support around the 6k area for at least 5 times, until the 20WMA was too strong and a lower moving average needed to be tested. This lower band (in light grey here) will be one of the major resistances ahead. Current trajectory of BTC indicates $4500 will be the next major resistance. Currently we have a potential iH&S on the daily chart which, if confirmed, target will be around that area of $4500-$4700 which is also where the 200 daily MA will be. It is really positive to have not witnessed a major sell off yet, if that wasn't the case, it would mean BTC is extremely weak to even attempt to go higher where these major resistances are. In my opinion, BTC will officially be in a bull market once we have gone above the weekly 50MA. I would be cautious though as we are not clearly ahead from the yearly downtrend line (dotted purple) and it is usual to see alts getting ahead before BTC has a major sell off.
COINBASE:BTCUSD
by Poukitoun
4
XRPUSD - Is XRP going to fall after this consolidation?Trendline is holding XRPUSD for so long on the top of the support side, but question is how long will it hold? Forever? I don't think so. XRPUSD is very calming and consolidating for pretty long time. Maybe it could be taken as a calm before a storm. Longterm I'm big fan(and investor/HODLER) of XRP, but from a trader's point of view, i think we might go even lower this year. As soon as it breaks trendline, and retest, we could go to 0.28600 easily (First TP). Be Patient guys and lets wait for some confirmation before entering short, i will update as soon as its gonna move. Let's give me your feedback guys, what you think of XRP right now?
BITFINEX:XRPUSDShort
by ForexThief
6