RADSBTC range price action09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500 and TP at 0.00190000. I would risk and wait for 0.0025000 area to be hit. It is highest high from 22nd of March 2016.
200
SiaCoin interesting price action23 we can see nice GAP combined with nice doji candle holds losses and pushed pair higher. Major support/resistance area with psychological number 50 (range between 50 and 44) was respected by market for a very long time. It was eventually broken by pair and tested twice during last three weeks with negative results (good bullish signal) . 12th of April pair moved up very quickly and it was stopped by another GAP.
This pair is respecting Gap’s and market is treating these as support/resistance areas. There is another GAP marked with orange rectangle (60) which should hold losses, the pair should go higher and try to break 70.
I would set SL just below 44
TP levels:
1. 0.00000098 which is pretty reasonable
2. 0.000000123 which is probable but more risky
3. 0.000000166 It is possible
Decred above solid support chance to go higher This Idea is related to the previous one which is linked.
Pair managed to go above psychological level and established nice support there ( doji candle marked with orange tick). I placed on the chart trend line (red) and brown where pair will find strong resistance. In My opinion next level is 0.01776000 and then probably 0.020000.
200 Ema should help ascend. There is still a small chance that the pair will go beyond the psychological level 10k just to go back on track.
Aussie long position opportunity big pictureLosses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power.
I would open position at current price with nice 3.5 Risk/Reward ratio.
I will post another idea with detailed information.
LTC good chance to beat higher high from 5th of AprilIt is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish candle like this appear on the chart its lower part of body is treated as support which is here somewhere around 9.90$. Price could go below it for short period of time but there is good chance that 200 ema will push it back on track and price will reach new highest high. If the price will go lower I would wait for hammer with long shadow.
Ripple interesting price action 4H chart Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It is seems to me that pair is trying to leave triangle which is suggesting bullish movement. Theses days shorts on any crypto are not really good idea in my opinion. There is more chance that pair will go north or consolidate then will go down. The 38.20% area is important here and if broken it will increase chance that pair will hit 61.80%.
I see three possible outcomes here :
(I'm think that first two are much more possible than the last one)
1.Pair will break 2600 and go down to meet 200 ema and or 2000 level just to bounce back
2.Pair will never touch the support again and will go north towards 61.80% level
3.Pair will go down break the support 200 ema 2000 level and will try to reach 1k.
BCNBTC I see here potential for big returnsWhen I'm looking on chart I see big potential for big movement some time in future. Pair established solid support between 4 and 6. I would like to see round number like 5 but it is not case here. This support area holds losses for almost 6 months. I don't see any candle formation or any other known to me pattern which I could apply here.
I see here potential to double triple or quadruple of stake.
Risk is that pair could go down to 1 that's why I wouldn't put stop loss because I strongly believe that there are pending orders just below 6 which will give boost to rise again.
Look at the huge doji candle from 31st of may. This pair has potential to rise up for fourth time in my opinion.
If you would like to take my advise and trade it I would suggest to invest only stake you are comfortable with and don't expect returns in short time. Just invest and wait till it will reach your desired level. I put in chart some levels I believe pair will hit in future. Pair is testing round number 10 for time being.
1. Green I'm pretty sure (this one is based on highest high from 2015)
2. Orange It is probable ( round number )
3. Yellow there is a small chance based on Fibonacci projections
4. Blue maybe based on Fibonacci projections
5. 361.80% who knows
BTC V pattern idea correctionIt is correction to previous chart as the angles were not correct and it looked slightly different as intended. I'm not sure if the angles are changing position as the price changes so I corrected it and let's see if this one will change shape too.
It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle .
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as a trading advise
BITSBTC Bitstar chance to double the stakeVery energetic movement followed by consolidation with clearly visible double bottom at 000001550(orange ticks). Pair is consolidating within the range between 1550 and 3500 for last two weeks. I believe that level created by double bottom created solid support. It is small chance that pair will bounce from that level creating triple bottom which could move pair up and eventually break consolidation range. I'm curious to see what will happen when pair will make contact with 200 ema.
By quick look n the chart it is visible that when pair is ascending very fast and then going down slowly. I assume that the very low volume make this good opportunity to double a stake when enter with current market price.
It is also possible that pair will go lower from current level which will make another opportunity to enter the market with much higher risk/reward ratio.
I would enter right now with SL and TP level set up on chart. It is not a big risk and the probable profit look promising,
ETHBTC bounced from 50% Fibonacci retracementI posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it for quite some time. Area around .03500 was tested twice which is marked with orange ticks. Area between 0.03500 and 0.4200 created range where pair is consolidating in favour of long positions. I would suspect that 50% level will be tested once more, but more likely I see here that 200 ema will hold further losses and push pair up towards highs from 24th of March.
These two green ticks above doji candles are suggesting something like double top and to me it looks like strong support/resistance area which eventually was broken.
I would suggest to split stake in two and open position right now just in case price will move north quickly and open pending order in area marked on the chart.
ETCUSD chance for push higher solid GAP supportETC moved higher for the last couple of weeks. Last big bullish candle moved pair over 3$. Pair is moving sideways. I marked 3 GAP's on the chart which are creating very strong support combined with psychological level 2.50$. It is quite possible that pair will move higher eventually breaking 3$.
I would go long here with SL just beyond the longest shadow which will be 2.44$ and Take profit area at 3.30$
BTC V pattern idea It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me technicals but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle.
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as trading advise
ZECUSD Bat pattern and GAP for short I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis.
I wouldn't trade bat pattern on its own but company of solid GAP makes it nice opportunity. GAP is perfectly respected by market for the last almost 2 weeks. Bat pattern will be used to help set TP area. Safe take profit target would be around 45$ 40$.
I would again recommend very small stakes for this trade.
I would also wait to see if the market reach point D and then open long position
LBCBTC Re-enter as the pair is holding above support Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March which results in trend reversal with sharp movement towards north. GAP support is tested on Daily chart for time being. There are also two more important signals which 50% retracement plus round number 0.000040000 which is slightly below GAP.
...I closed position just in case this pair would go down further.
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Additional information :
Losses stopped at the support created by bodies of candlesticks from January and big bullish candle from 28th of March. Sometimes body of the candle is creating support in other words big bullish candle make support at the opening. See the other bullish candle and how pair react when it met level close to the bottom of this candle. I seems like that there is still potential for nice run towards 200 Ema or 1K level.
Dash possible downtrend extended I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I think that doji candle created 3rd of April gives us false bullish signal. This lowest low from 3rd of April in my opinion will be beaten by another lowest low.
I set SL close to the EMA but this is risky I would prefer to set SL just above 0.70000(it is marked on the chart)
I would wait for better opportunity then this one as the risk ratio is not so impressive and I'm not really sure where should TP area be. I’m pretty sure that it will go lower than the Doji form 3rd but I'm not sure how deep pair might go.
NXTBCT Double bottom and round numbers on 4HI wouldn't scrap this trade just yet. When we look at 4H chart it is clear that 200 EMA is creating some support. Our main support at 0.000010000 level is not touched yet so I would stay with long position.
I still think that the pair will go north and it is matter of time.
If for some reason price will go further down, I would close position beyond 10000 level.
FlorinCoin more detailed market insight on 4H4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by that time. 6th of April pair managed to go thru this level but in short time it went back to test it again. It is probable that 200 EMA will come with help and will push pair higher. It is also possible that any further losses will be stopped but this level and pair will come back on bullish trend. It is also possible that pair will move lower that's why I would suggest to wait for some strong signal.
ETHBTC opportunity for short positionETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet.
There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count).
…Yes you can apply this kind of analyze to any other big candle but this level seems to be respected for last couple of days.
I marked something similar to double top where 0.04075 was hit twice with doji candle. I consider this as the confirmation for further loses.
Pair is trading below 200Ema which is another signal for bearish movement.
I would put SL above the green line and TP as follows:
0.030000 Most likely
0.025000 Probably
0.020000 well it is possible
I would advise to open position with small stake only.
NXTBCT Double bottom and round numbers Pair established support close to 0.00000500 and then we can see almost perfect double bottom formation. It is solid signal for trend reversal. Price moved north and it easy passed .00001000 mark which happened to be quite support. 200 EMA is holding pair above it for last week and it suggest further gains. I would look for profit around 0.00002700 area. I would set SL just below 0.00001000 which gives us quite nice risk/reward ratio. I consider this as good opportunity because this kind of almost perfect formations are happen not so often.
Golem triple bottom low risk with nice potential profit Golem had some interesting price action within last month. It is visible on this chart that the pair established strong support around 0.000063000. First attempt was stopped with engulfing candlestick formation, second attempt was hold and we can see nice doji candle, then the third attempt which holds pair above 0.000063000.
I would recommend small stake for this trade.
Io digital crypto fibs 50% and 38.2% important level to watchWe can clearly see that the pair has really serious problem to go thru massive support created between 50% and 38.2% Fibonacci levels based on first and second bullish wave. For the last 6 months every attempt to go thru this level was rejected by market. Level 38.20% is align with round number .00030000. 200 EMA is also holding further losses since begging of February till now. I set SL just below 0.00027500 level with TP around 0.00088000. Safe TP area is near highest highs from the beginning of September.
0.0002750 level was tested two times with doji candle 25th of September and morning star formation created 4th of December in 2016.
..in my opinion the pair created flag pattern which in near future should act as a prologue for further gains in value and eventually reaching 0.00090000 level.
LTCBTC possible short towards 50% level I see here slight potential for short position. Level 78.60% wasn't breached for the last 8 hours. My experience tells me that the last two shadows are not the lowest lows and the pair will try to go down below 10 dollar mark. I wouldn't be surprised if the market would try to test 10$ few more times. I personally believe that as such.... :)) the smaller intervals then 4H in cryptocurrency market are not reliable source of market information. I set SL and TP. Whatever will happen I would watch 10$ level carefully.
I see two possibilities here
If the pair go thru 10 dollar mark it should go further south and then probably it should reach 50% level of the strong bullish movement
If the pair will be sustained above 10$ level it will create strong support and good indicator for further gains of LTC
...once again I think that when pair will meet 200 Ema on 4H there is a good chance that the price will get nice push but I'm not sure if it will last long or just bounce for short period of time just to go back down.
Steem important support level low risk to high probable profit We can clearly see here two very important levels to watch for( marked with two parallel black lines). Level around 0.00013555 which was created by double bottom in the November last year. Above it around 0.00015000 level pair was holding for a while between the end of the December and beginning of the January. Mid of February level was broken and the pair went south very quickly just to rise up in mid March with very high volume. Pair for the last 16 days is testing support around these two levels. I marked three soldiers formation with blueish rectangle which is suggesting trend reversal.
I think it would be reasonable to set SL just below lower level.
TP area would be around last high around level 0.00032000 or you could just wait some time till the pair will reach 200 ema which should bring some interesting price action. I would definitely close position when the pair will be close to the 200 ema.
