A reversal of Bitcoin Cash's bearish stretch is upon us as reflected by the 4H chart - right around the $600 level seems to be a great buy opportunity!
ETHUSDT has made a brief reversal to a crucial fib value @ $345, and will likely continue a bullish rally from this fib value according to the indications given. In the case that the linear trend is not upheld, place a stop right below the fib value. Place alternative buy orders at the lower fib values to continue trading happily!
Looking at both the RSI and trends of price action resistance, it seems that a bear market continuation should be expected unless the pair breaks through the trend. Stop orders to be placed right above the trend, and take profit orders to be placed at the support level.
BTCUSD LONG UNTIL THE WORLD ENDS. Just kidding. You can open a trade now, and then close after a few percentage point are gained if you so desire.
If you are trading with this pair, use a figure just below the support level when placing stop limit orders in case of a bearish breakthrough. Otherwise, long trades can be executed from the support zone.
Looking at the local trends, ETHBTC seems to be shaping up for a continuation of it's bull run.
The pair ETHBTC has corrected from a local upswing and is currently sitting around a key support level as can be seen on 4h charts. Long positions should be considered around this level.
Upon analyzing historic trends as well as the current support trend, one might consider opening long positions for GNOETH at the current level or lower fib level, and place take profit orders at the upper fib levels. Currently trading this pair on Poloniex.
Potential support levels, as indicated by Fibonacci values, can be used as entry points for long positions.
I marked what I consider a potential support zone for making entries into BTSBTC long positions.
After days on end of consolidating around 1200 sat, where will bts go? My hunch - up !
IF BTCUSD upholds the resistance trend line, a downturn is expected that will probably reverse at an indicated fib/support level.
Based off of historical resistance trends and my applied indicators, it seems intuitive that at Monero vs. Bitcoin will rebound favorably for long positions!
Litecoin is right around the fib/trend resistance level, and an overall uptrend may indicate a further increase. A short seems most likely unless breakthrough occurs.