Quick update after my last analysis on Bitcoin. We broke the 5DMA and as expected we are right on the 10.1K support level. I raised the support level from 10K to 10150 at it seems more accurate. We still have an increasing VWAP (from 2/6 6K level) but I expect this indicator to start heading down indicating a bearish momentum again. I don't see a long term...
We have a good setup with Litecoin but it actually demands us to watch the price action closely. LTC found support at the 5day MA and bounced back up forming a new trend line within the triangle setup. This is a setup where a bullish or bearish scenario could unfold: 1. Bullish: stop buy at 237 as a breakout of the previous highs (blue line) would indicate a...
Bitcoin is now approaching a critical level. Bitcoin went through multiple resistance levels already but the next one is a big historical level where we will see a lot of volume. As you can see on the chart, BTC is approaching the 50DAY moving average which will also match the 11.5K resistance. The 11.5K also represent a .5 Fib level back from the 2900 level...
Volume is picking up and price is now testing the 9K resistance level. There are several other resistance levels bitcoin has to break before ending the correction and move back up again. We can probably add to our positions for each and every resistance level that bitcoin is breaking and watch these levels closely. At this point, the short term rally could be a...
Price stay at low levels until the expiration of CME Future. Alts will shoot when CME reopen and LTC should see an upward movement when exiting current trading range. Breaking down would bring us to 150, good level for rebuy. 1 - 200 2 - 275 GL.
Waves just excited the falling wage in a bullish manner. It should take a day or two (maybe more) to develop. Patience is a virtue. First resistance @ 0.00109 If we break the resistance and confirm the bull run, then targets are: 1 - 0.00168 2 - 0.00211 3 - 0.00418 GL.
CME Futures expired, we had to keep the price low. I anticipate an upward trend when exiting the current trading range (white triangle). A break down would bring us to the 9150 level before bouncing back. I stay bullish for the next 10 days and will review the trade at 1 - 13300 2 - 14900 GL.
XRP completed wave 4. Watch closely for break out. If wave 5 is confirmed, we should head to $4 before A, B, C formation... If breaks down, next support is 1.6 USD.
Been trading sideways for a few days but patience is a virtue. The coin is gaining momentum and looks very bullish. We should see some leg up very soon. We need to give this trade some time te develop. Confirmation level 0.001335. Target 1 0.0025 Target 2 0.00467 At target 2, the coin should trade sideways and will decide wether or not to go further up or...
Great coin Great levels right now (Undervalued) Great potential for 2018 Target 50-60 USD in the next 5-6 months. This is a safe play for long term traders. - Short term targets - 1 - 319 2 - 463 3 - 572 4 - 818 5 - 1800 SL @ 160 GL.
A good entry level was around the 50-80 level. It was a good time to reload. Even at current level, the coin looks bullish to me. With some patience, the fib levels are attainable BUT pretty high and you should first decide what is a good profit for you. 100%, 200%, 5000% ? Make your choice, fix your goals and then trade. There is no perfect trade but profit...
my previous analysis: Looks like we have a small break out here and minimum potential is 300%. Volume is increasing and RSI reversal was confirmed. If breakout is confirmed, the coin might go to 190 or 800% gains. Trade wisely and don't forget, patience is a virtue.
Watching XDN at critical level. Trading channel between 49 and 78. Above 78, resistance will be around 100. 48 looks like a good zone for rebuy. We need to confirm the bullish movement before starting long position. Target 1 275 Target 2 353 GL!
It's getting tight, let's see how this is gonna play out.
Been watching the falling wedge. Broke and started positions after confirmation. Would it reach the 1600? I think so.
12/19 is approaching. What? this --> twitter.com People will start speculating and if price breaks the falling wedge we should get the first target achieved quickly. Then depending on the news, EMC2 will go straight up to target 2. Waiting for RSI reversal confirmation with that little W shape before placing long bet. Good luck.
With BTC heading down, POWR is performing a run up. If BTC breaks the resistance trend line 13500. Then we should see POWR going higher.
Take a look back at this period of the year where BTC was at a record high (August 17th). Followed by a quick correction, a bounced back to form a double top and a sharper correction. If we see the double tops forming here, then we should be able to pick up some more BTC at the 10900 level. This time everything is different with XBT Futures so it might not play...