Get started

Crytpocurrency

BTC right on schedule!Haven't updated since the leading diagonal completed and BTC broke up through it. Looking for a nice run up to the 78.6% retracement level. But I won't get too cute trading it and will begin taking chips off the table around the 61.8% level or placing stops at that level waiting to see what happens from there. Will it top out at the typical rebound level of 78.6% following a leading diagonal or will it go on to new highs? The possibility that this nice bounce off the bottom is only intermediate wave (B) remains and must be respected. Enjoying the ride for now.
BITSTAMP:BTCUSDLong
by alphahorn
BTC/USD the path to 16,000 over the next monthI haven't posted since the leading diagonal completed, but here's my update. Since it's a daily chart the wave count is compressed; so, if you want to see it in more detail check out my earlier post. I'm still looking for BTC to put in a deep retracement of the move down and I plan on remaining long until either the low is taken out on the downside, or should we reach the 61.8% retracement level, I'll slowly exit up to the 78.6% level where I plan to be in cash awaiting BTC's next move.
BITSTAMP:BTCUSDLong
by alphahorn
BTC on the 4 hour chartall analysis in the chart. things are looking great on the 4 hour chart. volumes are back. RSI is trending in the right direction. What's stalling this recovery tho is RSI is hitting major resistance around 60. however, the MACD and DMI are starting to show a positive story. lets see where this goes. On the daily we are still trading inside a descending channel. But the shorter term charts are beginning to turn around a bit and the 4 hour chart is looking great. bitcoinbobby
COINBASE:BTCUSD
by UnknownUnicorn1615160
1
BTC - Double Bottom Update - A Path Out!!Okay, I drew some more lines and arrows on my chart, but I also added some boxes and more text! Here's an update to my first Double bottom post. This interpretation was formed using my own set of highly technical and complex algorithms that I like to refer to as.. pure speculative imagination! Our second little bull flag did indeed form. It's not a lot, but it's a glimmer of hope in this dark world of invisible resistance. I think we can move on to test the .786 around 8,800. We're still struggling to get the bulls out of bed, we are just barely not falling on our faces. I get the feeling the bears are really about to drop the hammer on us again. I explain my path out of our downward trend a little better in this analysis. Purely speculative, but plausible with an ounce of technical support to back it up. Basically, the combined resistance of the .786 retrace and the mid-line of our downward trend might prove to be too much for us to break through with the current state of this sad little rally. However, if we bounce off the 1.0 support once again, we might gain the momentum necessary to carry us through the mid-line. If we can break through that, we can pick up mid-line support if we bounce back off the .786 again. It's basically like using the 1.0 retrace's gravity to sling shot us out of the downward trend. It's almost poetic, except I think NASA might of used this strategy to get back from the Moon instead of shooting to it.. Binance is still down. So I'm still locked into my trade for who knows how long.. So if you're long off the bounce like me, hodl on tight, and set your stops if ya got em'. It's going to be a bumpy ride! Thanks for reading, let me know what you think! - Also, not that anyone was thinking about it; but I wouldn't use any of my advise for trading... I've done some studies, and 60 percent of the time, I'm wrong every time... -Sly2.0
BITFINEX:BTCUSD
by sly2
Looks like a completed leading diagonal for BTCPosted this last week, but there was still a bit of work to be done to complete the leading diagonal for BTC. If this count is correct, then intermediate wave (A) of primary wave two looks to be complete. From here we should see an impulsive move up that retraces around 78.6% of this move down from all time highs for intermediate wave (B). Once wave (B) is complete this count calls for another big move down to complete primary wave two. It'll be interesting to watch from here. But I've added my final allocation at these levels, stop at 5400.
BITSTAMP:BTCUSD
by alphahorn
5
BITCOIN - The Trend Continues. From my previous analysis (which you should check out on my page), we have kept the symmetrical pattern intact and so far Bitcoin has remained bullish (As my last TA indicated it would. "TA - Technical Analysis"). Now, this is similar to my last chart, however, the pattern has slightly changed. We now should look at the red rectangle as a point for optimal buy entries as that is where the support lies for the price (which also tells us we may see a short-term dip on Bitcoin in the upcoming days to return to this line which would be around the high $10,000's). Currently, the market is fluctuating between the resistance and support but also should be seen as a period of consolidation which is usually a bullish trend, once this consolidation begins to fade it is likely that the price will see an increase in value. MACD - A nice support has formed on the RSI, we could expect for the price to touch down on this before continuing the trend higher. RSI - similar to the RSI heavy supports have come into play and are acting a barrier to hold the Bitcoin price up, this is a good signal. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
BITFINEX:BTCUSDLong
by thomasfar6
Bitcoin ScenariosBitcoin has been on the downtrend line from the moment it reached the all time high of 20.000($) dollars. At the moment Bitcoin has found some bullish momentum from the 9.000($) support level and its following an uptrend line . The price of Bitcoin is battling between the 11.700($) resistance level and the 9.000($) support level. There are two possible scenarios for what the near future holds for Bitcoin. Scenario 1:With the upcoming closing of the Futures Market we can expect a drop,looking both at the Rsi and Macd we can see that this is very possible since both indicators show us bearish signals.Having said that we could expect Bitcoin to reach the 9.000($) price tag. Scenario 2:The price will continue to struggle between the resistance and support level until it finds some upward momentum.If it does the next resistance level will be at around 13.000($) where most likely it will force the price to move down. Trading tactics:In both scenarios we have to wait for the Rsi and Macd to give us a reversal signal in order to place our orders. If scenario 1 happens we should wait for the price to bounce back from the support level and place our orders around the 10.000($) If scenario 2 happens we should expect the price to break the resistance level and have our orders placed around the 12.000($) In conclusion,right now the market is in a tricky situation and the best option we have is to let this one play out and wait for a clear bullish signal to activate any orders.
BITFINEX:BTCUSD
by ApoVas
THE XRP Cross of DeathThis drawing accompanies my others and highlights a 4 hour chart with 200 and 50 day Moving averages. The Gold line is the 50 and the Red is the 200. The x forms the traditional Death Cross. The MACD is crossed and heading lower> I have created an alert for the downtrend confirmations. Interestingly the Bollinger Band % shows another Hook. With this in mind I mentioned in a previous chart that a J-hook had formed. When these happen there is a 80-90% correlation to the opposite direction fast. Hence, Xrp from .88 to 1.70 pushed through. My other charts are still correct with initial observations. The PSAR is still down. So I have Down MACD, PSAR and a deth cross. A hook has formed and may cause a short bull run...4-8 hours but the overall trend is still down.
BITSTAMP:XRPUSD
by ramonbenavides12
12
Litecoin in a bearish channel, watch for the break of support! Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
Bitcoin bounced perfectly as forecasted, prepare for bounceBitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (55,5,3) is seeing major support above 7.6% where it is bouncing nicely off and has good upside potential for our bounce. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:BTCUSDLong
by Tickmill
2
Ethereum approaching major support, prepare for a bounceEthereum is approaching major support at 1008 (38.2% Fibonacci retracement, ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to potentially push price up to even 1258 resistance (61.8% Fibonacci extension, horizontal pullback resistance). We have to remain careful that Ethereum is in a bearish channel and would increase our conviction for a bounce if it breaks the upside resistance of this channel. Stochastic (55,5,3) is seeing a bounce above 4.3% and also a recent break of a descending resistance-turned-support line signaling a potential change in momentum. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:ETHUSDLong
by Tickmill
1
EOS - Short Term Trade w/possible 70 to 130 % ProfitIt has been a while since I posted a trade idea due to the uncertainty of the BTC. Now, here is a new trade idea for EOS, which can potentially provide a good profit. Overall, EOS looks strong and has been doing fine despite bearish market. Targets and buy-in zone are provided in the chart. There is a chance it may take more time to reach the targets due to the uncertainty of the BTC market, so plan and manage your trades accordingly. BTW I do not believe that BTC correction is over. We are still in the correction, and will be there for a while till we see a clear bullish movement. **This is not a financial or investment idea. As always, trade at your own risk and do your research before setting up any trade. Good luck..
Long
by CatoOzz33