NQ - Nasdaq InsightsWOW - In this market I see a ton of information we can use to our advantage.
1. The (green) mesured move
2. HAGOPIAN (yellow & white Fork)
3. Confluence on white & yellow Centerline
This tells a great story...
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Y-FORK
USOIL Lower TF Trend Fading Short SetupUSOIL bears are entering around 0.618 retracement level and potentially could take this down to 0.382. That would be 2x1 Gann line and demand is expected to step in around this level. In order to secure some ticks to reverse long at 0.382 (around 6700-6750), a .5R short setup from here seems reasonable. Buy stops are around 1R levels.
BTCUSD At CrossroadsBTCUSD has been going through an extended pullback pattern. The minor trend remains down and the time for breakout or pullback failure is drawing near. The supply line currently sits around the level $6700, failure to breakout around this area will potentially mean that BTCUSD is going much lower to find demand. The spring daily candle around previous lows is an encouraging factor for bulls, but breaking the trend line would serve as additional signal for further bullishness of BTCUSD. As of now, monitoring price action around these levels is reasonable.
2618 Sell Pattern USOILUSOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots ABC is also anticipated to attract supply around these levels. This is a pullback trend continuation play with a decent R:R but lower probability. Worth the risk as per me.
How much more profit can we lock in with ZCL Turns out a lot more. We managed to catch this early and bought in originally at $5 and have profited greatly from this trade.
We've taken profit multiple times re-entering when the price begins to retrace.
Even during our 2nd trade, we managed to enter at $22 then close at $38 before it dumped!
On the hourly, we've seen a bullish flag form and it just broke out!
Tonight the Bitcoin Anon team is releasing details on their ZCL fork, which should cause the market to pump this coin to the "moon".
Our stop losses are indicated on the chart (red boxes on the chart)
same along with our take profits (green boxes)
This is a high-risk reward trade so trade this with the utmost due diligence.
Hope you all had a great weekend everyone!
Is May the Month for Crypto's? BTC Bullish outlook opinion. BCH!I believe the bottom is in. 7.6k is possible to retest, but I believe BTC will be starting it's parabolic logarithmic run by may.
(BTC) Core is a fork of Bitcoin Cash (BCH) technically speaking and according to the white paper. A "peer to peer based electronic currency" Not a middle man system like the Lightning network, with an inherent security risk, and complexity and fees added to bitcoin (core) through the control of a software company that latched onto bitcoin called block-stream. Bitcoin is not supposed to be controlled or owed by anyone, and miners are supposed to have the power to vote on updates and changes. In this case Some miners choose block-stream's lightning network software and seg-wit (because of heavy propaganda on various sites including r/bitcoin) and many miners saw that the coin that is running as designed and outlined in the white paper is the true bitcoin. Bitcoin Cash. Which is my opinion as well. You can find mostly honest discourse on r/btc if you google it or know what it is, free of mass bans on users because of opinion unlike r/bitcoin which overwhelmingly supports BTC Core. If you mention Bitcoin cash in any type of light that is contrary to popular opinion there you will get banned.
Bitcoin core (BTC) represents the majority of the market (because of it's price) and is excellent for predicting new growth in the whole market. Many coins will out perform and many coins will under perform against BTC. BCH Bitcoin cash is one of those coins that will outperform BTC because of it's far lower valuation of what is more then likely a more popular (transactions and use) and a more powerful "alt-coin" as they may call it, will eventually outshine Bitcoin core and will eventually surpass it in value.
Anyways this is not financial advice, nor is a recommendation to buy or sell. Please seek that elsewhere. This is only my opinion which can be wrong.
BCH/BTC continues to pop trend lines to the upside.Bollinger bands have been very narrow for a week on the daily chart. All, very bullish signs for this pair.
Monero Hard Fork: Don’t Panic, Don’t Fall for Scamswww.investinblockchain.com
Hard forks have something of a bad reputation. On the surface they’re little more than blockchain project updates, the equivalent of a new version release. But because of events like the Bitcoin/Bitcoin Cash split, whenever uninformed crypto investors see a hard fork ahead, they enter panic mode.
Hard forks are normal, healthy events in a blockchain project’s life cycle. Ethereum has regular hard forks as part of its roadmap, as do other cryptocurrencies. No matter how much planning or education goes into them, though, it’s not uncommon to see price fluctuations or other drama when an altcoin goes through a hard fork.
Monero has a hard fork scheduled for the end of March 2018. This scheduled hard fork has seen a handful of fake coins and scam airdrops, all ready to take advantage of Monero holders who don’t do their research. Below, we take a look at the Monero fork and some of the unfortunate buzz that surrounds it.
Cryptocurrency Forks
Forks in the cryptocurrency world represent a point in the development cycle when the blockchain splits in two. From a user’s perspective, you can think of them as a planned upgrade, one that can include backward compatibility (soft forks) or represent an irreversible shift in the underlying structure of the blockchain (hard forks).
Hard forks are a bigger deal than soft forks, mainly because transactions made after the fork are not compatible with the old blockchain. This means that miners and wallet holders will need to update their software to keep using the currency.
When a hard fork occurs, the coin usually continues forward without showing obvious signs of internal changes. Transactions are carried out, hodlers sit atop their hoards, no big deal. Other times significant shifts are introduced, including new coins based on the old blockchain’s code.
The classic example of this is Bitcoin spawning Bitcoin Cash, a move that still sparks hot debate across the web.
What You Need to Know About the Monero Hard Fork
Monero’s development team has hard forks scheduled approximately every six months. The March 2018 fork isn’t out of the ordinary, and no drastic changes are being introduced, especially not a new coin. In fact, some of the Monero community wants to call these hard forks “network upgrades” to help keep hysteria to a minimum.
In general, Monero’s hard forks introduce new security features and protocol changes. This one adds some important proof-of-work changes to help maintain ASIC resistance, which has been part of the development team’s roadmap all along.
One reason this Monero fork has gotten extra attention is due to coin scams when a few hard fork projects appeared. Through a combination of sloppy journalism and copy/paste social media sharing, these projects have became synonymous with the original Monero, prompting a lot of users to falsely believe their beloved cryptocurrency was splitting like Bitcoin and Bitcoin Cash did.
Monero and Not Monero
The biggest bit of drama surrounding the March 2018 hard fork didn’t come from the Monero community or the Monero developers. It has come from MoneroV. This project appeared just as talk of the actual Monero fork started to pick up, promising a finite coin cap and a 10x airdrop to Monero holders.
Here’s the thing about MoneroV, though: it has nothing to do with Monero or the Monero team.
In an interview with BTCManager, Monero’s Justin Ehrenhofer stated quite clearly:
The people behind MoneroV are likely scammers or attackers.
The official Monero Twitter account also released a statement reiterating they have nothing to do with MoneroV. As far as anyone can tell, the project exists simply to get Monero holders’ private keys.
There’s also a lighter side to the hard fork drama. WOWNERO isn’t actually an altcoin, it didn’t try to scam anyone, and it’s not even a real project. It’s just a joke.
ES - S&P500 E-Mini With Target Down To The 60'sHere are a lot of lines cooking.
According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork.
In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline.
A break of this dashed orange CL' would indicate a further drop to the L-MLH (orangen). Then from there again one floor deeper, to the white dashed CL'. And if this support is also not holding, then the Rule Nr. 1 applies to the yellow Centerline.
I guess we a nice observation path...
P!
The King of Privacy is the King of Gains [XMR/BTC]Monero.
Naughty ascending triangle really strong formation occurring, obeying top of triangle V nicely. Supports and resistances everywhere as great safety nets.
Facts
Wave trend
~Looking to turn.
RSI
~Looking to bounce off resistance and hit support.
ADX + DI
~Looking to trend up generally and confirm a trend on the DI+.
BTC
~Bullish movement could increase the Monero growth over time.
Potential 30% increase on a break out from the end of the triangle.
Upcoming fork could be good media for the coin.
Conclusion~
I will be personally picking up some XMR given the conditions in the green accumulation zone I have set just for a longer pull. More upwards then downwards on this play which is a good habit of learning to trade into.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like . It really helps out :D
~Xander
Short term ETC opportunityHey guys,
As we all know,next monday (6/3/18) we are going to see ETC fork,creating CLO,which will be distributed at a ratio of 1:1.
We have had a MAJOR drop for ETC in the past days,as the "investors" a.k.a. people trying to get rich quick,sold ETC in a panic,especially after Bittrex announced that it won't support tha Callisto Fork.
The guys at Binance,on the other hand,haven't said a word about this,so i am pretty sure that we will have a "surprise" announcement from them tomorrow.Keep an eye on their announcement portals ;)
From a TA standpoint,we got a nice and clean head and shoulders(right shoulder about to appear)...and now we are in a downward movement....so do DYOR carefully if you want to hold this coin on the long run.
In my view,this would be a good SHORT-TERM BUY,as the whales already cashed out on the newbies that tried to make a quick buck,the paniced and sold.
Stay tuned,and best of luck!
(ETC) Callisto is coming! Pre-fork fundamentals and some TA.Today were taking a look at ETC for two primary reasons:
(FA) The incoming callisto fork.
(TA) Some beautiful examples of market geometry, seen more often as crypto markets become more liquid and behavior normalizes (atleast a little lol).
So first and foremost, theres the ever obvious effect of a fork in ETC's near future.
After the all out chaos we saw in recent days from the BTCP fork, it's likely many investors are a bit on edge with another airdrop right around the corner.
But lets remember one key factor here: this isnt ZCL!
In my opinion the ETC team is much more solid and the callisto project holds much more promise than the bungle of a fork that BTCP became in its final days.
As with any incoming fork, I believe It's a fair assumption we will see higher volatility in the days to come, providing a wonderful market for us day traders to skim some solid profits off the hype.
Remember though, if you're riding profits, get out before the snapshot and impending landslide that will inevitably follow.
If you're riding out the fork for callisto on the other hand, hold on for dear life and hope you can transfer onto an exchange quick enough to dump if you're not already long on ETC.
Now on to the technicals for the near future:
Things made a nice turn early this morning and seem to have gone channel bound for the time being..
Price is officially above 48 EMA.
Rapidly approaching 24% fib retrace.
Possible wave 3 rally of 5 wave cycle as we break out from the channel AND the 24% retrace.
MACD is forming consistent, sequential higher swing lows.
MACD was converging a bit, but on a steep incline, and things seem geared up to make a nice bounce and continue upward.
STOCH & STOCH RSI bullish and above 80, hopefully we'll be playing around up here for a while as we approach the 24% retrace
In short, i think things are looking good for some continued upward movement for the days to come as we get closer to the callisto snapshot block height. It should be noted though that I wouldnt be surprised to rebound off the upper channel resistance and then again off its support before the final rally off above our 24% fib retrace.
Also, just something I wanted to point out as I love market geometry:
This head and shoulders is the perfect example off pattern interruption and continuation. Although it had a rather clear trend formation, there was a minor aberration above the neckline at the right shoulder which may have convinced some people the formation was incomplete, but we can clearly see that after the minor correction upwards, the pattern "resumes" and takes an impulsive tank downward.
The other thing I wanted to point out is the beauty of that initial double bottom turning point we just encountered. Our prior overhead resistance during the down cycle become a new support for ETC, and the rebound from that single tap was absolutely beautiful!
Good luck, happy trading, and safe forking fellow cryptoheads!
*** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells.
*** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator!
This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you!
Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical AND emerging patterns!
Austin Doyle
CTO
Crypto Playhouse
Should you buy: Ethereum Classic?! [ETC/BTC]Hello! Here we will be looking at if you should buy ETC today in it's current position.
I have been watching this chart up to the lead up to the fork, and today Edward Morra made a signal for it- so I thought I would also give my 2 cents on it.
There is a chance we can bounce off the lower channel trend support and trend to the resistance of the channel, so we are essentially focusing on looking at indicators that can indicate reversal, these I will list below.
SQZMOM~ Fully extended currently, this gives opportunity to a potential reversal and squeeze- this is something we need to keep in mind, this is an easier way to comprehend bollenger bands.
CM Williams Market Bottom Indicator~ It has flagged this continuation of bars of candles on the support, which is expected.
RSI~ Our relative strength index is saying we are in a partially oversold region, this is indicates the chance of a reversal but it doesn't mean it's imminent and can still push well under 30s, however considering we are sat on a support we will need to see the RSI break the resistance I have drew onto it for the chance of a reversal.
Wave Trend Oscillator~ Given that the pattern is oscillating alot in larger moves we can look at the way the oscillator has been indicating turns. We are also in a region on the WT which shows we are overbought, and the curve is flattening out.
EMAs~ The EMAs I use tend to be at their most distant when the trend reverse, this tells us there is a significant amount of lag between the EMA and the actual trend. I think it is more likely we are going to see a turn, however, there is still a smaller chance these can carry on extending in the current gradient and we pierce the support line which could leave to a large sell off.
Bear flags~ Current candle needs to see a bigger wick at the bottom to show us there is more bull pressure from the underside, if we see a strong red bar this could be the end of the line and we could fall out of the channel.
Conclusion~
Wait till we start on upwards movement before buy in because you know where we will be heading. Always look to sell BEFORE THE FORK. Don't want to get caught up in the massive selling action, then sit at the airport with your bags of ethereum classic like a muppet!
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
3 Reasons makes You buy ETC If we take fast look at etc chart we will see Etc Have
1- Upward Trend Since 10/12/2017 "our active call".
2- Double bottom Etc about to finish it at this moment.
3- Airdrop At next 5 March.
if you follow us we have active call since last DEC move in 170 % of profit right now vs btc
and 2 calls vs usdt from $10.30 and $15.20.
and this reloaded call if you missed last active calls
you can join now at $36.50 vs usd / 0.00375 Vs btc
Targets
0.0046459
0.0060889
0.0075877
we recommend following the mentioned targets
Stop-loss
0.0030913
Capital management is recommended
we ask Allah reconcile and repay
Active analyses
VS BTC
VS USDT
S&P 500 E-Mini - Ouch, that's it...If you followed my blog, then you know this chart. It's about Action/Reaction.
What does it tell us now?
Well, it's telling us, that price missed to crawl above the pink one, instead cracking the magenta reaction once more.
This is a weekly chart. So the week is not over yet, but guess where price is likely to go?
...expect the white R-Line!
P!