ActiveCrypto

ActiveCrypto

Understand what a market cycle is: #1 Accumulation #2 Markup #3 Distribution #4 Markdown And REPEAT. Would you rather trade in the Accumulation --> Markup--> Distribution phases or in the Markdown phase? The markdown phase is sometimes called the Chop Zone. Meaning price will bounce around in ranges without going up or down until a major move in price is made...

ActiveCrypto

Bitcoin is nearing a critical point. One of the key elements of this TA is to view the chart on a Logarithmic Scale not Linear. If you right click in the right hand scale and select log scale it will toggle the scale type. The yellow trend line(TL) is taken from a weekly chart. Price has remained faithful to this trend line but many traders still may be...

ActiveCrypto Updated 

Depending on how this pattern breaks will determine which position to take. Because of the history along the top resistance line and the upward trendline, once price action comes free of the pattern short and long position holders will need to decide what to do with their losing position. Be patient and wait for the right signal. The short term bias is up and...

ActiveCrypto Updated 

BTS/BTC looks like a very text book Elliot Wave progression. The current price movement is in the initial motive wave of another 1,2,3,4,5 pattern. Remember these patterns are fractal and this idea is charted out on a 4H chart. Price could experience these same wave progressions on smaller time scales 5M,15M,60M. If you keep track of the major wave in progress,...

ActiveCrypto Updated 

XRPBTC is shaping up for a breakout trade. A counter-trend is nearing a breaking point. If price breaks out to the upside of this trend look for strong volume to confirm an entry. Also confirm with green candles closing outside the counter trend. There are several targets you can set for take profit. The most obvious one is the next Fibonacci extension level...

ActiveCrypto

Focus your attention on the price movement and volume. The first price movement down and reversal up ~$2,800 was done with "little effort" compared to the current reversal. The volume required to push price up ~$870 required much more volume then the ~$2,800 move. This is quite possibly a sign that selling pressure is still too strong for a reversal. The bulls...

ActiveCrypto

With BTC still looking for a bottom, ETH is taking on interest with this short term break out. The break has drawn higher than average volume and price action is retesting the resistance level of the pennant. If this blue line holds and candles start closing above this resistances level now turned support, the up side has good profit potential. Zoom out to get...

ActiveCrypto Updated 

This is a short term setup. Watch for more confirmation of the entry at the short-entry zone/pivot point. This will be confirmed by candlesticks, volume, etc. This entry point will be the point where we know if BTC price is moving up out of a counter trend or not.

ActiveCrypto

BTC is looking at a major support zone formed by confluence. Bitcoin's price has retraced it's last movement upward to the 78.6% zone. Volume is starting to increase. A major trend support is near, and price has structured support around the $10,000. Watch for a bottom pattern such as an inverse head and shoulder, Japanese candlesticks on the 4H and 1D...

ActiveCrypto Updated 

Price action is approaching the daily trend for MaidSafeCoin / BTC pair on Poloniex daily chart. Volume is increasing with anticipation. I would wait for a confirmed break out to jump in the price move upward. There is also the potential that price is rejected at this point.

ActiveCrypto Updated 

XRP is running on news that Ripple and MoneyGram are working together. Keep eyes on the zone formed by the left shoulder and previous highs. If volume dies off in this shoulder zone be prepared for another pull back to the "Neck Line."

ActiveCrypto Updated 

Entry point is below the support zone currently holding up price. If price breaks down and the bears push price further the next strong resistance area is the ~10,000USD area. There are several factors layering confluence in this zone: prior resistance, 62-78% fib zone, fib extension of prior leg down ( A,B, C wave).

ActiveCrypto Updated 

Textbook bullish flag pattern. There's always downside risk so don't trade without a backup plan.

ActiveCrypto

Entry on a healthy trend. Take profit is set for a structured high. The wick on the flag pole may present frustration to a higher/faster move up because of all the investors holding on to coins that have been underwater for sometime. Stop loss would be set outside the upward trend.

ActiveCrypto Updated 

Strong support at the 4,000sat level. Reversal candles are posting. Confluence with the 76-78% Fib zone off a prior high. All the signs are here that this is going to bounce, at least short term.