BITSTAMP:BTCUSD pulling back and with the mark-cap being allocated to other major pairs such as ripple ( XRP ) or bitcoin cash( BC ), provides a great time to look at the quarterly forecast for bitcoin in 2018. My charts might be extremely simple but in all I remove the noise to get a clear picture for the new comer to find an idea within such a complex chart....
BITSTAMP:XRPUSD With news of XRP being picked up by coinbase and the recent gains we might be able to break into a new structure higher. Key resistance to break higher will start at the .786 retracement of 1.21. If we can break that we will have to see where our first pullback is. Ultimately our long term forecast is $2.45, then $3.12, and shortly after $3.55. I...
MANABTC has been having a slow eek but has maintained the upward-channel momentum with respects to the previous levels. We have just passed a previous high and see an opportunity to enter this trade. One thing to note is a very small stop loss. If this pair rolls over we could see a huge drop. With no major news as of now this trade is strictly charting. Good Luck.
BITTREX:DASHUSD With dash hitting the previous 2.618 and respecting the resistance once we get a daily close above it we can look toward the next major target. I believe given enough time that we could hit the following 2.618 of 1700. I am current long this pair with SL below 900 and a TP 1700
BITTREX:NEOBTC Finally a break. We still see resistance of the upward channel here in the next few hours. If we can breakout above that line we are clear to .009 Good luch trade safe. Watch for a correction.
BITTREX:DOGEBTC has broken out with not a lot of cryptos left under .10 this is looking pretty strong for the tag along crypto. One thing to note is doge coin was just used as tipping crypto for the past few years. With the new surge of financial instruments being added to the market this coin could easily go back to over 1 dollar by 2018. Right we will settle...
With Bittrex ramping up the 1st Blood Crypto today with a 97% market dominance we were able to break out of a multi month downward trend and start a strong reversal. Finding a key level was by far the hardest part. At this point I would be long till .00015. Main thing to watch is Market Cap. The article below explains the sudden move in 1st Blood as Blizzard hints...
This pair has broken key resistance and is set for new highs on basic trend analysis. We are looking for a 4:1 risk reward over the next 2 months. BITTREX:XVGBTC
This pair is under valued and has come into key resistance. I posting this trade last night in my telegram ( T.me/mfwlifestyle ) if anyone wants to join. Today the pair is up 20% and has now broken key resitance which opens up room for a 1 to 2 month correction back to previous highs.
This has been by far my favorite pair to trade over the past few months. One thing to note is that for the past year we have been in an ascending wedge and final built up enough momentum to break out. The fact this follows with CBOT is key to long term growth with the influx of new capital during the holiday season. I thing to note is the converging fibs on both...
Just a small day trade momentum trading at its best.
NZD/USD has had an ascending pattern in Andrew Pitchfork since early in 2016. The head and shoulder pattern first started in mid august and follows with the upward trend hitting key support at or around .6970~.6950. With the chance of a fed rate hike by Yellen @ 68% in December the pattern has a 3rd back bone to sit on. I remain Bearish at the time of writing this.