ETH/USD Volume Analysis Prediction 2/28/2018Hi, friends.
ETH/USD is in the main balance with the range 775-975.
For mid-term up trend this main balance must be goes up (breaks out and hold above 976).
On intraday charts we have a bulls signs, but they are not yet strong enough. The price is above the @POC of February - it's a good sign for bulls. Breaks out of 895-900 will be a positive sign for further growth.
Warning levels 838 and 775. If the price goes down below 838 (@POC of the month) it would be a bad signal for buyers. Level 775 - it's the last support (lower balance level).If the price break down and holds below level 775, with a high probability we will see a fall wave to the levels 625 or even 565.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Bifinex
ETH/USD - buy opportunityHi, friends.
ETHUSD is in a wide consolidation (balance1) with a range 580-1000. Yesterday the price breaks out level 850.
Level 850 - it's very important because it is a high level of balance2 and it is a high level of ascending triangle.
So now we have buy priority and we can buy on the retest to this level.
But If false break out happens and the price will return back into the balance2 you need to close position immediately.
Trade recommendation:
entry - 851
stop - 820
target1 - 973
target2 - 998
BCH NOT DEADUPDATE: I never liked that currency and I never understood the fork, but how it fell from the sky, welcome it.
It was a currency for swing for excellence and the last times began to clearly agonize.
What he had were spasms of FOMO and gain, but looking at the forest, the BCH kept falling, until something happened and these days is showing, first a change of trend before the HF of the BTC (as to not lose its prominence)
A support that I frame in the impenetrable chart.
I will follow my intuition and say that if BCH crosses the zone of greatest resistance, we will have surprises, in search of the three objectives.
PT1,2 and 3.The trend is clear, the volumes handled very high and probably continue with this trend and what I want to bet is fulfilled.
How always greetings to all!
WARNING: IOTA IN A DANGEROUS AREAMoment of decision for IOTA, which entered these days at critical levels. Sustained in 0.618, we see that it lost a lot of volume. Of being the IOTA / USD pair in more than 20M to be at the time of publication of the chart with about 7M to pay attention and keep track of.
In the daily chart also we see that it is a very operated crypto. From a bullish candle to an instant profit taking, generating much volatility and doubts in moments where it should already be consolidating and demonstrate to people what they expect so much from this currency.
We will see how the exit of this zone is developed and solved.
Thanks for your time.
BTC WEEKLY CHART: "The Panic Zone" Feeling wEdgy?Plenty of trend line support has taken hold. A big cat moved in on Bitfinex today and pounced on some cheap coin. This is the first positive movement since the hack. It all started when Bitfinex turned on the green light to use BFX tokens as collateral for margin trades. Both BFX value went up as BTC got a boost. The time line is heading for a nodal point where major trends up and down meet. My crystal balls are glowing. I turned one over and it said "790 by December". The other one was not quite so positive but not bad "590 by December". So either stagnation or better doesn't cause much panic in the BTC market for a few months.
Today's panic seems to be in Europe and Korea.
Deutsche Bank is out of gold. Well maybe not completely out but they want to keep what's not theirs to keep. In my book that's called criminal deceit but in banker talk they said they have the option to review, stall, and postpone a decision to make a decision about a decision on whether or not to make a decision about delivery on a contractual obligation to a customer. A reverse bank robbery. Quick, point the security cameras somewhere else. Oh, and the German government is telling its citizens to prepare for annihilation. Stock up now on necessary staples. Why? They blame the possibility of terrorists run-a-muck. Or, is it "Russian Roulette" with tactical nukes? Why does the US have tactical nukes in Turkey? Errrr, Romania. Yes! that's it! They're safer stored closer to the Russians. Obama got the Peace Prize. Remember? Umm, Hillary can't recall but that's another story for another time.
Korea is not such an economic power house after all. Hanjin, one of the world's largest cargo shipping service is out of money! Ships are floating around and aren't allowed to port because Hanjin didn't pay the bill from the last few times. This is the second Korean shipping domino to fall.
All this failure and fear point to one thing in the world of Bitcoin. The value of escaping from bankrupt fiat currency is increasing. Just look at Venezuela. This long term fiat panic will overpower the short term crypto panic of a hack attack. By the way, the trail is still hot on where all that coin went.
The near $900 inflection point to take place next summer is going to make 2017 a year to remember. For traditional chartists, it completes the cup. That cup has a target value of $1700....or more?
Buy some Iodine pills and about a 1000 rolls of toilet paper, and stay frosty my friends.