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Bitcoin: Another HUGE Move is Brewing!Coin Savvy here with yet another analysis for all of you! There’s something I want to talk about with all of my viewers and it’s the 3 day chart. If Bitcoin closes this 3 day candle above its 200 sma then I would expect a move to the $9,000 to $10,000 region, this may take some time after the close as we are dealing with higher time frames which just takes time so have to think longer term. If Bitcoin closes this 3 day candle below its 200 sma then I would expect a move back down to the 3 day 200 ema around $5400 to $5500. The bullish target is using previous price history, May of last year we put in a top around $10,000 price per Bitcoin and I think this rally is extremely bullish, the weekly and monthly charts are extremely bullish (weekly closing above its 50/55 ema and monthly closing above its 21 ema) so this thing may have a little more juice in her and $10,000 is the only next real resistance besides the local top around $8400 but if we march back up after closing this 3 day above that 200 sma then I see us blasting through that local top. The bearish target comes from a multitude of things, I will list them below: a.) Monthly 21 ema - $5425 b.) Weekly 55/50 ema - $5450 c.) 3 Day 200 ema - $5450 d.) 2 Day 200 ema - $5450 e.) Daily 377 ema - $5400 As you can see we have EXTREME support in this region. I would say this is a simple setup... Close above the 3 day 200 sma, go to $10,000.... Close below the 3 day 200 ema, go to $5400... We can figure out what happens after that once this takes place... Remember to take things one step at a time. The 3 day candle is going to close tomorrow at 8 pm EST so that will be my determining factor whether I go long or short. This is the great thing about TA, having a plan for either scenario! Coin Savvy, signing off. Enjoy your night, enjoy the charts, and respect the technical analysis .
BITSTAMP:BTCUSD
by Coin_Savvvy
A 3 Day Trend IndicatorA 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a sequence of 3 day candles that have lower lows and lower highs for the past 8 or more candles, clearly showing that the major trend is down. Short risk on oil is out of the question as long as there's no higher high and higher low 3 day candle. As soon as there's one, at least a minor change in trend can be anticipated and traders are likely to switch to short risk.
TVC:USOILEducation
by Zoen_Trieste
3
Bitcoin Daily Update (day 230)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | Calling for $35 ETH around the same time Previous analysis / position: “If we breakdown $6,370 then it would confirm the bearish harami as well as the hanging man. If that were to happen I will be prepared with a small stop order set to short $6,369.” / Short USDT:USD’ from 0.968 Patterns: Descending triangle / bearish harami Horizontal support and resistance: S: $6,410 | R: $6,454 BTCUSDSHORTS: Really started to look like they will break out of the triangle to the upside. Once volatility picks up so will volume and we should see unprecedented levels of short sellers. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bullish (price above MA) Medium term trend (4 week MA | 2 & 32 day MA’s): Bearish | Bearish Long term trend ( 32 Week | 50 & 128 day): Bearish | Bearish Overall trend: If daily closes below $6,438 then all will be bearish Volume: Surprised volatility didn’t continue after the volume spike on the 15th. Now we are back to painfully low levels. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Harami inside a harami. Can we get a 3rd matryoshka doll? Ichimoku Cloud: 4h cloud acting as strong support at $6,424 TD’ Sequential: Weekly red 2 will fall below a red 1 at $6,086. Placing a stop order there could be a good idea Visible Range: Gap in volume from $6,246 to $6,371 with 5 day look back Price action: 24h: -0.1% | 2w: +/- 0 | 1m: +2.95% Bollinger Bands: Daily MA acting as strong resistance Trendline: Top of descending triangle ~/= $6,725 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most TF’s. 4h is a little overbought Stoch: Recrossing bearish on 12h, going for retest on daily after creating higher high Summary: I am closely watching the red trendline on the USDT:USD’ 1 hour chart as well as prior historical support at 0.9642. As long as it stay below those areas then I do not feel very comfortable about holding a short on BTC’ or ETH’. Furthermore I am strongly expecting the lower wick from October 15th’s candle to get re explored, similar to what followed October 2nd’s candle. If it has another selloff then BTC’ and other cryptos should get another pump. If it stablizes then I will feel comfortable going back to my normal approach of 99% TA Nevertheless, trading is about risk reward and properly managing positions. If the r:r is tilted too much in my favor then I will open a large position regardless of what is happening with Tether and I will use a market stop loss if need be. I posted a chart earlier with a $35 target for ETH:USD and that is a prime example of something that is too favorable to pass up. In the mean time there is an incoming death cross on the 3D chart with the 50 and 200 MA’s. The first close below the 200 MA is what led to my most recent Bitcoin Bubble Comparison . Only other time this happened was in October of 2014.
BITSTAMP:BTCUSDShort
by Sawcruhteez
10
ETH/USD - Longer timeframes signaling down; 4H support holdsChart is Heffae Clouds 4Hour (left) and 8Hour (right) I added arrows to highlight signals you may trade on with the cloud SnR paths. The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down. The 8Hour has signaled a drop out of cloud bottom, which is bearish. Soon price will interact with the Daily: Pictrued is both alternate path preset 1,1 as well as default settings (0,0) Targets 210 -206
BITFINEX:ETHUSDShort
by SNOW_CITY
WTF is happening?I really like these 3D charts, I think they give us the most valuable information right now. Why? I talked about it, lets take some time to recall, it was a post on Aug2 : "The most important thing in order to predict the reversal point is to find out the downtrend timeframe. For sure its not a downtrend happening on daily chart timeframe. So is it 3D or Weekly? On the 3D chart we see that the price is siting at the EMA200 (EMA200 is usually the reversal point for the timeframe that the downtrend is happening). So if it was a downtrend on a 3D chart, we might be at the reversal point. However people say that there is falling wedge forming which is usually a bearish continuation pattern. But we need to remember that lines (support, resistance, neckline, …) in chart patterns are not exactly lines but areas. and the last two tops $11450 and $9700 are not that much far away that they can not be in a same area. I'm not saying that its definitely true but we still have a chance to see the triple bot formation, especially with price sitting at 3D EMA200, Stochastic showing triple bots, and TDseq which predicted last two bots correctly is going to mark the #9candle ( we need to wait till mid week for this). If the downtrend is going to be one happening at weekly timeframe , the reversal point will be around $4000 which is the EMA 200 region. It should not happen because recovering from a weekly downtrend needs 1-2 years. However recovering from a 3D downtrend can happen in 6 months. As you can see in the picture. So to conclude I hope for 3D downtrend, which means the support area that we are at right now should hold. but if it breaks down (=breaking down the EMA200 on 3D chart) and we see the confirmation, we should wait for the $4000. I like to say its not likely to happen, but we have to wait and see what market decides." So is that still valid? can we still hope for 3D scale downtrend to be true? YES, but how? Lets recall another post, which was on Jul23 "As you see on the chart we are right below the MA50, pushing it hard, but its always a strong resistance, always. So can we break it? hopefully, but we need to see a pullback before breaking that price range. By the way, as you see there is some red doted lines on the chart, they are possible resistances based on the price history, and right now we are having one of the at the same price range that MA50 is, meaning it would be really hard to break it now, without some pull back. So to what extend we gonna see a pullback? Probably not below ~7200 which is the previous red doted line. Worse case scenario right now would be ~6800 which is the BB20 and more importantly the upper band of the bottom support zone that we were struggling breaking for more than a month." So, it happened, we didn't officially break MA50 (a valid break need confirmation which is going back to test the previous resistance as support and it should act as a support). A pull back to BB20 was probable, and right now its holding the price as support. As far as BB20 holds we can hope for a uptrend, if it breaks next target will be EMA200. We talked about if the EMA200 breaks the next target can be $4000. Right now there is no reason to panic and expect BB20 not to hold as a support, because the indicators on 3D scale are not bearish (though they are not bullish yet, but apparently goin to be) Remember that "The stock market is a device for transferring money from the impatient to the patient." Garyreza (@Analytca)
BITSTAMP:BTCUSDLong
by garyreza
ZeroCash [ZEC] Dual Chart vs Bitcoin and $USD [BTFD]Super keen for ZEC and its future here at BTFD ZeroCash has been showing some very good signs of life as the BTC dominance rises, ZEC has been surviving well and making good gains for this very important crypto coin it might not be in the top 10 yet but it still needs to be mined more and with support from the new ASIC's will ensure zerocash will be a top 10 player by 2020 when we have more in circulation personally not selling my horded ZEC until over $5k a coin, still see a very important and bright future in the crypto-sphere plenty more charts were posted today in our Telegram feed only, please join below to check them out... good trades to you all major
by majorlee
3