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0xbtc

ZRXBTC , 0x would probably begin a new uptrend. !!0X/BITCOIN Technical analysis: 0x/Bitcoin is in a range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 54. Trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *There is possibility of temporary retracement to suggested support zone (0.00005580 to 0.00004730), if so , traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00005580) Ending of entry zone (0.00004730) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00007320 TP2= @ 0.00008675 TP3= @ 0.00010600 TP4= @ 0.00013700 TP5= @ 0.00018970 TP6= Free
Long
by ForecastCity
RSI + MACD breakdownRelative strength index is a great indicator that allows us to see whether a stock is becoming over bought or over sold. RSI has a range from 0 to 100 and uses momentum to compare significant gains and losses of a stock. A pair will become overbought when RSI is above 70 and over sold when the RSI is below 20. Typically you don't want to buy into a stock that is over bought or above 70 RSI, however with strong volume and momentum over bought stocks can also have large range moves. A great entry can be provided when a stock breaks out and is pushed to an over bought level above 70 and after the stock pulls back and the RSI has cooled off and gotten back under its overbought level or under 70. Entering on an RSI cool off and pull back can give a great risk vs reward entry and usually will have a tight range. The opposite is true with short selling and stocks that are over sold or below 20 on the RSI scale. False signals to buy or sell can be formed when stocks have large spikes in price and like all technical indicators your trade plan should not solely be based on RSI. we must be patient before we enter our trades, because sometimes the RSI can stay oversold for quite awhile. The worst thing we can do is try to pick the bottom of a strong move that continues to move into further oversold territory. So we must wait until the RSI crosses back above 30. Crossovers and Kisses Using the Signal Line and the MACD Histogram The Signal Line is used to generate trading signals. Being an exponential moving average of the MACD Line, the Signal Line will lag the MACD. However, when the MACD line begins to move back towards the Signal Line then we begin to get some trading signals such as a Crossover or a Kiss. When the MACD Line crosses over the lagging Signal Line this is indication of a reversal. However, if the two lines just come together and “kiss” before moving back in the same direction, this can also be a powerful continuation signal *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
by TheWolfOfBinance
Playing field for ZRX: where oh where will price go?!Just to give you a framework in which you can further analyse ZRX price movements . I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving. Just before posting this, there was a bullish cross in the MACD 2h chart, coinciding with the "low testing" highlighted in the graph at 8am on 16/01/2018. This is generally very bullish short term and you can see the price move up. So I was just a little late on calling it! :) But nevertheless, here you have the rationale behind it and maybe you can buy it next time when it happens or just before. Furthermore, we see the 4h chart moving in on a bullish cross in the MACD, supported by the CCI. I have to say that for the moment I am neutral to perhaps slightly bullish, but you can see that the price is still in the negative trend channel for the moment and we might want to sit this one out while the market is doing its swing dance :-) Just a bedtime story in technical analysis ;-) cheers PS: something similar happening with SolarCoin, have a look there as well!
by A_Cryptastic_Mind
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