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Bitcoin in a Wolfe Wave pattern - Elliott Wave & beyondBTC in a possible WW pattern. Market eyes line 1-4. Technicals of WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge DOWNWARD (as in this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BULLISH WW 6 - IF Lines 2-4 and 1-3 converge UPWARD (opposite to this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BEARISH WW 7 - A NEW line should be defined, connecting Point-1 and Point-4. a) Points 1-2 are connected by a zig-zag ( a simple a-b-c pattern in this case) and points 3-4 are connected by a flat 3-3-5 INDICATORS confirmation: 4hr MACD bullish divergence WW Model eyes line 1-4.
BITFINEX:BTCUSDLong
by IamCryptoWolf
6
Bitcoin continues to bounce nicely, remain bullishBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There has been little major news announcements that have caused Bitcoin to move significantly recently. There’s still a battle amongst the bears who are riding on the wave of regulatory setbacks Bitcoin is facing and the optimists who are bullish above the psychological $10,000 support. The next few major news announcements will likely have stronger volatile impacts as there is pent up demand and supply all waiting on the sidelines now for the next sign of where Bitcoin is heading. Reason for the trading strategy (technically): Price has continued to bounce nicely and we remain bullish looking to buy on dips above 10294 (Fibonacci retracement, horizontal overlap support) for a further push up to at least 12808 before 14497 resistance (Fibonacci retracement, horizontal pullback resistance and horizontal swing high resistance). We look to move our stop loss to support at 9399 (ABC Fibonacci extension, horizontal swing low support) to protect our profits. Stochastic (34,5,3) is seeing major support above 12% where we expect further upside movement from.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
Bitcoin bouncing perfectly, look to protect our profitsBuy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There is still tremendous doom and gloom about Bitcoin and the only reason we are seeing a correction is because Goldman Sachs analyst Sheba Jafari has published an analysis saying that we expect a possible correction below $10,000. That has fuelled some hope amongst investors and led to the recent intermediate corrective bounce. Reason for the trading strategy (technically): Price has bounced perfectly off our buying area and we look to buy on dips above 10294 (Fibonacci retracement, horizontal overlap support) for a further push up to at least 12808 before 14497 resistance (Fibonacci retracement, horizontal pullback resistance and horizontal swing high resistance). We look to move our stop loss to support at 9399 (ABC Fibonacci extension, horizontal swing low support) to protect our profits. Stochastic (34,5,3) is seeing major support above 12% where we expect further upside movement from.
BITSTAMP:BTCUSDLong
by MEX_Exchange
4
STORJ ForecastSTORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing trade as well so buying on any of the support levels can be profitable based on the current scenario. Bullish long term but remain cautious of buying above market price.
Long
by shaxrashid
BTC/USD (XBT/USD) in possible downtrend channelLook closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do check for yourself however before touching it. Last lower trend-line rebound was around $12,500 with RSI (7) being around 30 (oversold). Bitcoin began to collapse on the upper trendline around the $17,000/$17,500 level with RSI (7) being around 70 (overbought); currently, with Bitcoin being around $14,800 as of writing this, RSI (7) is at 43. So, Bitcoin may be in negative territory, and there may be scope for further decline until the $11,500/$11,000 mark IF it follows the possible downtrend channel.
BITSTAMP:BTCUSDShort
by michaeldobfx
2
Siacoin #SCUSD - one more wave to the upside? +315% possible!The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break out of the technical resistance level at 0.1132. On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: UP Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking) KEY LEVELS: - for further increases - level 0.0838 and later 0.1132 - for continuation of correction - level 0.0838 and 0.05040 - for continuation of decreases - 0.0410 PS: Make sure you FOLLOW ME! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
BITTREX:SCUSDLong
by sebastian.seliga.7
12
Ripple facing tremendous bearish pressure!Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards first intermediate support at 1.5960 (61.8% Fibonacci retracement, horizontal swing low support) before major support at 1.2434 (78.6% Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITSTAMP:XRPUSDShort
by Tickmill
15
TRX - TRON Ready for round two? (TRX/BTC)TRX has seen some crazy gains over the last 2 weeks and everything that goes up must come down. The sellers are worn out and as the correction carried farther and farther all that was left was buyers... this is what causes the spike to happen from one point of view.regardless how you see it. It has started the spike and looks to be consolidating. We should see more upwards movement soon. Prices have broken out of a descending triangle which is a bullish chart pattern. Mixing Elliott Waves and Chart Patterns is a key to success I believe as I have been taught to do this to get a higher rate of accuracy. But if you mix too many different indicators or techniques it can lead to a very flawed analysis... I hope I am right here and only time will tell. I encourage everyone to follow me on my steemit blog. where I will begin posting a lot more and being a lot more active. I think I may start a news channel over there as well as post a lot more charts by request of my followers.:) You can find me @cryptosuf with my lion logo. Good luck everyone
Long
by Cryptosuf
8
Bitcoin testing major support, possible upcoming bounce!Bitcoin is testing major support at 14200 (61.8% Fibonacci retracement, horizontal overlap support, bullish divergence) and a possible bounce could occur at this level. However there’s strong descending resistance holding price down really well. Only a clean break of this resistance level would add conviction to the rise we’re expecting. RSI (34) sees bullish divergence vs price signaling that a possible reversal is impending. At the same time, there’s a bearish descending resistance line that needs to be broken to open an upside move. 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
8
New Small Cap Cryptocurrencies > BTC / LTC / ETHThe big 3 have been greatly outperformed by other investments and will continue to do so, in terms of % returns. If you feel like you "wish" you bought ETH, LTC or BTC at the beginning of this year, just know there is better opportunities in terms of returns. Currently our team is looking at: - SNOV - DRGN - HUSH - SPHTX - RVT - MSP - LUX - XMG - DBC - PHR ...and are evaluating many more. You can find them in our newsletter by doing a Google Search for "The Crypto Labs" Here are some tips and things we look for in finding small caps: - first to market ideas - great teams - good market penetration - unique ideas - good whitepaper - real-world use - low circulating supply - overlooked - small market cap (<10M) - bright roadmap - positive testnet/mainnet
BITSTAMP:BTCUSD
by JCBCrypto
3
Litecoin is extremely undervalued. Wedges are great. But it's also a great way for Litecoin to build up momentum to make a new high. Fundamentally, the coin is undervalued and under appreciated. There are many instances where it can heavily compliment a transition from fiat to crypto... But we can't see that with the chart. I see this past week as only accumulation. As soon as the forex market closed and liquidity shifted into coins we saw a nice pop on LTCUSD - leading to a potential breakout to the upside for a nice long ride to a new high. Wizard sticks and Fib extentions show 650's being a potential major target for the current leg up. The big box is the key range we need to hold, then gain in order for the move to work. Within that range the little box is the key level which could make this pop a dud.
COINBASE:LTCUSDLong
by BTCNN
Monero - Long Opportunity - $395 - $480 Hey traders! I want to wish you Happy New Year. I really hope I can keep learning from you, I have had the opportunity to meet amazing people here, and I want to thank you all for your great support :) I want to share with you my first Monero`s analysis (XMRUSD), where I identified a long term tendency line in the Logarithmic Price Scale (if you don`t understand this concept, please go to the end of this post where I explain it). As you can see, Volume has been increasing throughout all the tendency line, which is a fundamental signal for a bullish market, and therefore we can trust it will continue to keep moving upwards. I also want you to notice the current downtrend tendency where the price is moving. This tendency is important because once the breakout has occured, it will be exactly the point where price will start moving to our both targets. If you are interested in Monero`s market, I recommend you to wait for this breakout signal, and MACD´s change of direction (from down to up). If this breakout doesn´t occur, we have to wait for a bounce in the tendency line. I will update this post continually :) MY ORDERS BUY STOP: 340 TakeProfit1: 395 TakeProfit2: 480 Remember numbers can vary depending on your risk profile and price expectations. The numbers I propose should be use as a reference :) What is a Logarithmic Price Scale? Well, in first place you have to know there are two different ways you can observe the charts: arithmitc scale and logarithmic scale. The main difference between both methods, is that in the arithmitc scale, the vertical price scale indicates there´s a same distance for each price variation unit. On the contrary, logarithmic price scale shows the prices based on porcentual increments -or decrements-, that means that the distance between 1 and 2, is exactly the same distance between 5 and 10. Link to image: www.chilebolsa.com Are you interested in Technical Analysis? I recommend you the John Murphy´s book: Technical Analysis of Financial Markets. It is a great introductory book. If you find this analysis helpful, don't forget to follow, like and comment. I use to upload new analysis every day :)
BITFINEX:XMRUSDLong
by Juanchobanano
28