BitcoinAddict77

BitcoinAddict77

On a break of 1190 we have a bullish setup that will take this futures contract to 1260-1280 area.

BitcoinAddict77

990-1000 resistance will bring a retracement soon. We see negative divergences in both MACD and RSI on 60 min chart.

BitcoinAddict77

A falling wedge formed from the top. Breaking the upper line is bullish and I am expecting a retrace to at least $940. This could turn into a lot bigger advance later on. $942 is the 38% retrace from the top. Note: The chart is for XBTH17 futures contract on BitMEX. Sign up for an account to trade BTC futures with BTC without converting to fiat: goo.gl

BitcoinAddict77

I believe a solid base has been established and LSK is a b=good long term buy at these prices. The 50 day EMA needs to be broken before some upside is possible. Currently at a little over 0.00018

BitcoinAddict77

After another test of $800 we have two potential outcomes: 1. Break up towards $860 2. Resume downtrend to new lows under $700 I put the probability of the two at 70/30%

BitcoinAddict77

Short as close as possible to $880 Target 1: $810 Target 2: $780 Target 3: $760

BitcoinAddict77

There is a short term setup on 30 min chart for a bounce to $960-980 area. Target 1 - $960 Target 2 - $980 Buy area $900-910

BitcoinAddict77

I think a larger correction of about $100 is coming. Negative divergences on MACD on multiple timeframes. Also bullish sentiment is very high at the moment.

BitcoinAddict77

There is a repeating pattern of two bull flags followed by a large increase. The second bull flag is almost complete and if the pattern repeats we should see BTC go to $1020-1030 area.

BitcoinAddict77

A little more consolidation before new highs

BitcoinAddict77

USDJPY should retrace to around 115. On a bigger time frame there is even a bigger retrace setup.

BitcoinAddict77

ETC is nearing reversal as there are positive divergencies on both MACD and RSI on daily chart. A good long trade with risk/reward ratio over 4 will be: Buy at or around 0.00102 Stop loss at 0.0095 Take profit at 0.00132

BitcoinAddict77

We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.

BitcoinAddict77

BTC should consolidate more before another push higher. There are negative divergencies on MACD and RSI.

BitcoinAddict77

A retracement to support levels will be very healthy and will allow some of the TA indicators to come down from overbought levels. Target in the range of $680-$695.

BitcoinAddict77

A nice bull flag is breaking up and should bring BTC price to about $620

BitcoinAddict77

The downtrend that started from the highs might be coming to an end. If ETC manages to break 0.0026 with conviction we might see prices over 0.003 in short order.

BitcoinAddict77

Target for this bounce should be at least 0.0075