BitcoinAddict77

BitcoinAddict77 Updated 

A beautiful head and shoulders pattern is forming on daily. I am jumping the gun a little bit and placing an order at the top of the right shoulder instead of waiting for the neckline to break. Do your own decisions on this one. Here is the breakdown of the trade: Entry price: 1.1900 Stop price: 1.1950 (500 pips) Target price: 1.1375 (5250 pips) Risk/Reward...

BitcoinAddict77 Updated 

Short are: $5725-5750 Stop: $5780 Target: $5450

BitcoinAddict77 Updated 

Looking at the bigger picture (daily chart) there are a lot of troublesome things to point out: Bearish divergence on RSI MACD about to cross over At the top trend line of the current channel 2 hard forks coming which brings uncertainty Trade: Short at $6000 or higher Stop at $6250 Target $4850

BitcoinAddict77 Updated 

Short term trade for a bounce - 1H chart Enter long between - $5400-$5450 Stop - $5350 Target 1 - $5550 Target 2 - $5650

BitcoinAddict77 Updated 

MACD on 1 H is ready to cross up. We have support from the EMA and the horizontal line from previous levels of support. Buy area $5800-5850 Stop $5750 Target $6500

BitcoinAddict77

Buy at 0.048-0.050 area Stop 0.045 Target 0.065-0.067

BitcoinAddict77

Short $6130-6170 Stop $6220 Target $5850 Good Luck!

BitcoinAddict77 Updated 

Buy around $5900-$5920 (50% retracement and 50 EMA) Stop $5800 Target $6200 Good Luck!

BitcoinAddict77

Buy at $5750 Stop $5500 Target $6500 Good luck!

BitcoinAddict77 Updated 

We are currently in a pretty wide rectangle pattern. Once we break out of it I am expecting a big move - more than $500. Buy long on a break over the short horizontal line with the target indicated by the big horizontal line. Enter short on a break under the short horizontal line with the target indicated by the big horizontal line. Good luck and trade safe!...

BitcoinAddict77 Updated 

Adding another chart for more details to the earlier one I posted. Continuation of the downtrend pattern with a triangle with a target of $5620 Pattern will be invalidated if we break with conviction the triangle to the upside. The chances this is a continuation pattern are 70/30. Good luck!

BitcoinAddict77 Updated 

I think we are going to have a couple of days correction starting soon. The reason I picked the XBTZ17 (December BitMEX contract) it's because you can profit both from the price fall as well as the premium reduction. The current premium is around $450 which is pretty big for historical standards of this futures. Good luck and trade safe!

BitcoinAddict77 Updated 

Buy on a break of $5800 and the triangle trend line Target $6200 Stop $5650

BitcoinAddict77 Updated 

Short on a break of the trend line: Around $5300 Target 1: $5150 Target 2: $5000 Stop: $5350

BitcoinAddict77 Updated 

The current sideways pattern it's forming a rectangle. We should break up or down soon. Here are a couple of trades for each case: Trade 1: Buy on a break over $4875 Target: $5000 Stop: $4825 Trade 2: Buy on a break under $4750 Target: $4625 Stop: $4800 Probability for Trade 1 is a lot higher as it this is a continuation pattern. Good Luck!

BitcoinAddict77 Updated 

There is a huge descending triangle on the ETHBTC daily chart. Entry: Short on a break bellow 0.067 Target: 0.045 (measured target from the triangle) Stop: 0.078 Good luck!

BitcoinAddict77

We have started a consolidation and I think there will be a retrace to around $4680 before another push higher. There is a divergence in the MACD on 15 min chart and overbought on most of the larger time frames. That said bullish momentum is very strong so keep an eye on your trade if you short.

BitcoinAddict77 Updated 

Buy on a break above $4410 Target 1: $4650 (sell half) Target 2: $4800 (sell the rest) The $4400 area is a strong resistance so it need to break clean with volume and close above on the daily candle. Good Luck!