LITECOIN - Overview - Best Place To Buy!From the chart you can see that Litecoin has been in a steep trend but it's not without it's many corrections. As we've hit the upper limit of the channel, price needs to correct for the next move up. Best place would be the channel support where we have the 78.6% fibonacci.
In the meantime, we can look for bearish price action and short it to the channel support.
Altsignals
LITECOIN - Overview - Best Place To Buy!From the chart you can see that Litecoin has been in a steep trend but it's not without it's many corrections. As we've hit the upper limit of the channel, price needs to correct for the next move up. Best place would be the channel support where we have the 78.6% fibonacci.
In the meantime, we can look for bearish price action and short it to the channel support.
ETHEREUM - BIG Decision Ahead!ETHUSD can be seen to be within a channel and moving in corrections and impulse. Every time the price came near channel support or resistance, it reacted aggressively. We are now seeing price approach channel support again where we have multiple confluences:
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of correction on a smaller timeframe. See chart update for more information.
ETHEREUM - BIG Decision Ahead!ETHUSD can be seen to be within a channel and moving in corrections and impulse. Every time the price came near channel support or resistance, it reacted aggressively. We are now seeing price approach channel support again where we have multiple confluences:
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of correction on a smaller timeframe. See chart update for more information
BITCOIN - BACK TO $40K??We just saw a massive dip in bitcoin but could this be the end of the bull run? This is where price action is important. See chart below for the 2 scenarios.
Scenario 1 - We see a bearish correction now which will lead us down to atleast 40k.
Scenario 2 - We see a bull flag which means this was a momentary dip!
Like this idea for more updates.
NEM can be Bought and hold for a while 07/02/2021as we can see XEM is in a ascending parallels channel and can be purchased and hold for a while as it seems to be in a good place to purchase
we can see it has already bounced from its previews waves Fibonacci retracement golden zone ,and crossed up from its accumulation zone
it has a very good chance to touch its Fibonacci expansion of 27% which has got some confluences with upper boundary of the ascending channel
we have specified 2 TPs and Stop loss level in this trade
please comment you opinion regarding this prediction
UNFI breaks the supportive trendline As you can see UNFI lost the support of the trendline. In case of retracement we can expect it move down to the 0.382 support level ( 0.000579 - 0.000572 ).
OCEANBTC -> Waiting to long supportPlan to wait and long this altcoin when (iff) it hits support (green box). 147 place on coinmarketcap, 18 MM capitalization. Not the worst altcoin.
Not shorting here because first of all there's no platform to do that lol and I think there's a chance that it won't be reach support and continue to going up.
As you can see after falling by 83% (I'm not counting the first candle where only few of us were able to sold) it recovered in price and even grew by 20% (my congratulations to the holders) in almost a year.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
VIDEO EXPLAINED TA - Another leg down?English version: youtu.be
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Guys if somebody want to see a 2min fast TA and give me some feed back
Welcome to our daily technical updates section
In this video we will talk about the current situation in #Bitcoin and why another dump in the market could be the most reasonable option.
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Scary fractal on MKRUSD. Big sell incoming?The similarities between the 10 September - 15 November 2018 and the 01 February 2019 - today price actions are more than visible. There is a very high chance of the pattern repeating itself is the 630.000 Support breaks. The target would be 365.000 where long term investors can buy again for the next bullish leg.