AGI/BTC Strategy: Oversold indicators. Falling wedge. Possible MACD cross. Kumo twist. Aiming for the lower two targets. Market momentum has been low and target 3 could take up to a month or more. Buy Around - 819 - 857 T1 - 945 (12.5%) T2 - 1061 (26%) T3 - 1216 (45%) Stop-Loss - 772 (8%) Risk / Reward T1 - 1 / 1.54 T2 - 1 / 3.25 T3 - 1 / 5.51 P/L...
SQ - Daily Chart - Swing Trade Strategy: Price has been ranging. Buying at support and using potential earnings momentum. Buy Around - 73.41 - 74.03 T1 - 77.14 (4.5%) T2 - 80 (8%) T3 - 82.55 (12%) Stop-Loss - 582 (2.5%) Risk / Reward T1 - 1 / 1.75 T2 - 1 / 3.27 T3 - 1 / 4.63 P/L Opportunity Upside: 4.5 - 12% Downside 2.5%
RCN/BTC Strategy: Oversold indicators. Rising volume. Possible C & H bottom forming. Buy Around - 608 - 618 T1 - 652 (6.5%) T2 - 699 (14%) T3 - 733 (19%) Stop-Loss - 582 (5%) Risk / Reward T1 - 1 / 1.25 T2 - 1 / 2.62 T3 - 1 / 3.72 P/L Opportunity Upside: 6.5 - 19% Downside 5%
ENJ/BTC Strategy: Highly oversold. Large probability of an upside break - bull flag formation. Wait for the dip to fill buy orders. Place stop loss after orders are filled. Set alerts at take profit points. Be careful where you set your purchase order. There is a 7% spread in the buying range. Buy Around - 3046 - 3283 T1 - 3717 (17.5%) T2 - 4171 (32%)...
WPR/BTC Strategy: Oversold alts. Lowering volatility. Risky trade due to market conditions. Manage closely. Buy Around - 305 - 315 T1 -328 (6%) T2 - 343 (11%) T3 - 358 (15.5%) Stop-Loss - 292 (6%) Risk / Reward T1 - 1 / 1 T2 - 1 / 1.8 T3 - 1 / 2.5 P/L Opportunity Upside: 6% - 15.5% Downside 6%
THETA/BTC Strategy: Falling Wedge. Oversold StochasticRSI and MACD. RVI looking to break resistance. Buy Around - 2581 - 2664 T1 -2984 (13%) T2 - 3288 (25%) T3 - 3601 (36%) Stop-Loss - 2477 (6%) Risk / Reward T1 - 1 / 2 T2 - 1 / 4 T3 - 1 / 6 P/L Opportunity Upside: 13% - 36% Downside 6%
Price has been equalizing the past few days. The tightened candles over the past few days express the indecision of the current market participants. I see two scenarios unfolding in the near term. But first I will explain the what the indicators, candles, patterns, and support and resistance are conveying. Ichimoku The Kijun Sen has been flat the past few days,...
After some turbulence the past few days, the price of Bitcoin has calmly settled on top the .5 fibonacci level. Psychological support levels have been illustrated by the light blue lines under the price. If the Fibonacci level breaks down, these will act as our next lines of support. The RVI displays a well-defined range of movement for the current volatility...
Cup and handle formation on the weekly charts. Stochastic has crossed over. If the volume persists over the next few weeks, we could see support form and a breakout take place from the handle. This continuation of upwards price action is also reflected by the Kumo cloud lessening volatility. HABT Buy Around - 10.61 - 10.89 T1 - 12.27 (14%) T2 - 13.25...
ZRX/BTC - Swing Trade - Weekly Charts Buy Around - 8292 - 8623 T1 - 9446 (12%) T2 - 10610 (26%) T3 - 12280 (45%) T4 - 16020 (90%) Stop-Loss - 7668 (9%) P/L Opportunity Upside: 12 - 98% Downside: 8%
SALT/BTC Buy Around 604 - 614 T1 - 680 (12%) T2 - 749 (24%) T3 - 855 (41%) Stop-Loss - 578 (5.5%) P/L Opportunity Upside: 12 - 41% Downside 5.5%
CDT/BTC Buy Around 247 - 252 T1 - 262 (5%) T2 - 289 (15%) T3 - 333 (34%) Stop - 238 (3.5%) Risky Signal due to market conditions. Play it safe.
Recently the tech sector has taken a hit in U.S equities. That, in combination with the lackluster earnings reports by Nvidia during which time, their CEO said the company was "crypto hungover" and had suffered a bloated inventory that could take up to two quarters to re-balance. These negative impacts are reflected on the current technical charts. A pair of...
Bitcoin price has been narrowing tighter and tighter over the past few weeks. Articles have reflected more bullish views about psychological bottoms, less market volatility, ETFs, and the upcoming Bakkt exchange. Price has tested its current trendline 5 times and has been able to hold steady. Stochastic forming possible double top formation RVI indicates...
Right now the price is testing a potential trendline for the 2nd time. Lower timeframes are oversold indicating a potential double top on the StochasticRSI. However, if selling pressure continues, we could break the trendline and sink to a support level of roughly 2693 over the week. At that point, there is strong psychological resistance as well as support...
$LTC - Weekly Price Forecast Daily candle testing previous support trendline. Volatility and momentum slowing. Kijun Sen acting as support. Tenkan Sen relatively flat presenting little to no resistance. Stochastic RSI within an oversold region, but could see a bounce off previous support to form a double top. If the trendline is unable to hold and volume...
Estimated weekly trading range between 945-1076. Daily candle - Spinning Top Chart Pattern - Ascending triangle - 5 trendline tests Tenkan moving towards a support position Kijun acting as flat resistance MACD - Oversold. Approaching previous support Stochastic RSI - Potential double bottom
After the massive bull candle we had on the 15th of October, the market has been relatively quiet and the global cap has been fluctuating between 208-211 billion for the past 12 days. From a technical standpoint, Bitcoin is looking good at the moment. A few key points: - The trendline has been tested 4 times generally indicating a trend is well defined -...