XRP to the MoonFibbing from the blue circle to the red ones, ends up giving an overlay of confluence at the horizontal rectangle, XRP has respected this line and has since bounced, a box from the last blue circle to the confluence zone is then copied and applied from the confluence zone upward. This is the final target, you can fib the box like i have done to give you internal targets so you can average out of your position. A stop loss is imperative as BTC could do something whacky tonight / next few days, also the RSI has bounced at horizontal support, another indicator that we are still somewhat bullish, and the 100 and 200 MA are below price, although the 50 ma has started to drift above.
1-the
Make or Break for ETHEREUMMake or Break for ETHEREUM
The Downside 1D Chart
Ethereum is currently at a make or break point. It has currently rejected the confluence zone and now looks like it is going to retest it, if it is rejected again (and it looks like it will be because of the present bear div) we could see ETH as low as 30 USD. My shorting targets are displayed in the 2nd box, if it breaks above we could see ETH as high as 200 USD. 50 and 100 Ma are above price, the 100ma could act as dynamic resistance
or
The Upside 4h Chart
ETH is clearly in an uptrend and respecting the confluence zones, if it continues this way we could see ETH reach highs of $231. note: There is BEAR DIV too. In saying that the RSI is well above 50 which is positive for an uptrend. 50, 100 and 200 MA are all below price.
I like both setups and they are both highly possible but i'm leaning towards the top one as of the bear div, i also think this hard fork coming up could negatively impact ETHs price, it could also push it old highs, therefore it could go up or down ;)
If ETH Breaks 159.5 ill look to go long, if it is rejected by the confluence zone on the daily ill look to go short.
The FIB KID
The #BitcoinSV | $BSV rocket about to takeoff on Christmas Day!The #BitcoinSV | $BSV rocket about to takeoff on Christmas Day! We are holding MASSIVE QUANTITIES... and YOU SHOULD TOO! ...ASAP!
Buying Opportunity for LSKLSK has been range bound for almost a month now, and likes to bounce between the box.
There is honestly nothing special about this trade other than buying at support and selling at resistance.
Place buy orders within the green section and the yellow too if you can afford it, make sure your stop is set as there is no support what so ever below that box, if LSK decides to fall or BTC shits the bed, who knows how deep the rabbit hole goes.
BTC BULL TRAPThe Carnage isn't over yet, its only just begun.
BTC is displaying massive HIDDEN BEARISH DIVERGENCE (HBD)
Bounced perfectly off a double bottom, and ran straight into the confluence zone (C.Z.) (marked with the 0.382 and 0.618 fib level) pushed through then was swiftly rejected.
Price tried the retest, but that was also rejected.
From the top of the range ive drawn a box to the C.Z. then coppied it and placed it from the C.Z. down and it gives a predicted price of 2861.4, the HBD is also an indicator that we are going down.
In this chart
there is a formula for calculating pride predictions with HBD and Ive backtested it with previous price (please not its not precise to the cent and should only be used as an estimate)
In this chart
there is also 2 x HBD and ive used the formula again
Now that youve read it all go back and look at 3121 in the chart at the top, hence the box ;)
Time will tell how this plays out!
Shorting Opportunity for EOSShorting Opportunity for EOS.
Currently in a RISING WEDGE which is a bearish indicator
RSI nearing overbought
MACD Showing Bearish Divergence
BTC Running rampant ruining everything
Happy Shorting.
Possible Long Position for ADA/BTCTesting out a new trading technique using Bollinger Bands on the RSI, price should retrace to the suggested buy area and with ADA being in a triangle, (similar to the XRP pump in September(i think??)) and currently down 89% from ATH this puppy should moon, if all goes to plan it'll probably blow my targets out of the water.
Genesis Vision - Long OpportunityGVT - Currently down trending and yet to bottom out, possible bottom is the 10k area. GVT is respecting confluence zones, has bounced off previous ones as show below in this description, Ladder buys between the 10.5 and 10k area with a stop loss set at 9887 Sats, possible target is the 11.5k area
MACD is Bearish
RSI is the middle
50 MA is above price
Look at the RSI when it hits the confluence zone (double top)
The confluence zone found the next bottom perfectly and again when it hit the confluence zone the RSI made bearish divergence (double top with price decreasing)
Bitcoin's hodlers panic sellingRepost :
Diesbelief time for the bitcoin supporters
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
I hope crypto Market too :)
RSI never been that low on the daily.
But I see no buy back at these level, people expecting new lows to buy, will we see another leg down? What are your thoughts about bitcoin , what are the key levels you are actually aiming at ?
For you this sell off was the capitulation or there is some more blood to come?
Imo there is one last dump before a new accumulation.
Nasdaq 100: NAS100 Powell Rides to the Rescue Nasdaq 100 NAS100
After an early session fail at the neckline Nasdaq duly found the support it needed but it arrived just above the 6698 line and then shot higher as Powell rode in to the rescue.
It's since powered straight to the next target at 6902-6919 after a high at 6917.
Thank you Jerry. Thanks to him that IHS completed in a few minutes flat :)
It's shot up 3% today and is a little over-extended right now.
As with the other indices covered tonight it would be handy if it came off from here, breaking below 6900 to trigger further weakness back to 6795 where it should bounce again (and from the neckline at lowest) in the event of weakness once 6900 is lost.
And if we don't get the expected consolidation from current levels it can push higher still to 6955 at likely best overnight before it begins to consolidate from there - if so will have to see how it holds up at 6903-0 on any retests to judge how strong it's likely to be during tomorrow's session.
Has to break above 6920 to scalp long to 6955 and then has to break above 6960 to follow long again (in event of no consolidation) to 7096.
Bitcoin in a no trade zone I think it's very risky to take position here, I'm just watching, hoping for the previous trend line to become a support, would be very encouraging. If it break down, I'm not expecting a big downside, unless if it break the green resistance. Great probability to stay in his range.
More incertitude in the market due to the tether drama which have a significative importance in the price action, bad news could be terrible for bitcoin. Bakkt, Fidelity,
Coinbase-Blackrock rumor can be huge catalyst, only few informations and still nothing accomplished yet. Lot of things needed to ensure the sustainability of bitcoin but it still seems to have a bright future.
What are your thoughts ?