$AIONIMPORTANT:
Bitcoin must stay somewhat stable for this to occur!
Bullish divergence everywhere tho..
Bitcion
$BTCBitcoin (Thoughts):
- used a line because it has insights that candle doesnt
- BTC needs a catalyst like ETF, major adoption, etc. but can blow up easily after that
- $6800 is the most important resistance for BTC to break
Q4 for BTC is usually a good time :)
EOS potential uptrend after rejecting the supportOn the 29th of April, EOS/BTC has reached an all-time high, hitting btc 0.00244. Since then price has been declining consistently, and on 22 August found bottom. After EOS has bounce off the support, the total loss to the Bitcoin was nearly 75%. The support at btc 0.000620 was confirmed by the 38.2% Fibonacci retracement level, applied to the uptrend trenldine breakout point.
The support has been rejected cleanly; in fact, price has not stayed there for long, but produced a short-lived spike down and immediately went up. However on the corrective wave up, downtrend trendline has been rejected, along with the 23.6% Fibonacci resistance level.
This brings up the conclusion that currently EOS is consolidating between the support and resistance levels, while struggling to establish a clear long-term direction. Break above the btc 0.001 psychological resistance and the 200 Moving Average should result in more growth, and price could move up towards the btc 0.0013 or btc 0.0015 resistance levels.
But currently, as the resistance is still holding, the risk of the further decline remains. EOS coin price still might fall down towards the key support area, that is between btc 0.00062 and 0.00052. Break below that support area will most likely send price even lower, down to the btc 0.00022 support.
First sign of the downtrend could be the RSI uptrend trendline breakout.
First sign of the uptrend could be the break above the btc 0.001 resistance.
Support:
1. 0.00062
2. 0.00052
3. 0.00022
Resistance:
1. 0.00095
2. 0.00100
3. 0.00132
4. 0.00148
Cardano price prediction by the EOYFor almost 6 months Cardano has been losing its’ value to the Bitcoin. Since may price dropped by nearly 77%, while ADA/BTC moved from 4200, down to 900 satoshis. At that level, ADA found the support at 327.2% Fibonacci retracement level, applied to corrective wave up after the uptrend trendline breakout.
The support has been rejected cleanly; in fact, ADA just touched this price once on the 12th of September. Then price went up, hitting 1400 satoshis resistance area. The resistance is very strong as there are multiple technical obstacles preventing the price to go higher.
First is a upper trendline of the descending channel, second is the 50 Moving Average and third is the 23.6% Fibonacci retracement level.
On the other hand, looking at the RSI oscillator, it broke above the downtrend trendline, where it found the support afterwards. Currently it seems like the RSI is ready to move higher, although price action tells quite the opposite.
This brings indecision aspect, where either buying or selling Cardano could quite risky. For ADA to go high, daily close must be well above the 1400 satoshis level, confirmed by the heavy buying volume. And unless the resistance is broken, ADA/BTC price should drop down once again, especially considering the fact that the overall trend is down.
In the downtrend scenario, while the resistance is holding, Cardano might produce a double bottom at 900 satoshis level, and if broken, go further down towards the 322 satoshis Fibonacci support.
The EOY price will most likely depend on the next move by ADA. Price is likely to stay at the 1k satoshis by the year end, unless there will be a confirmed breakout above the current resistance. In that case, by the 1st of Jan 2019, Cardano could reach 2k satoshis and beyond.
Support:
1. 0.00000962
2. 0.00000322
Resistance:
1. 0.00001356
2. 0.00001983
3. 0.00002200
GAS Under Heavy Volume - 100% Gain Over BitcoinToday GAS has been rising sharply and went from 75k up to 150k satoshis, resulting in a 100% gain over the Bitcoin. Volume has also went up substantially and it seem that the upside momentum will continue.
Currently GAS/BTC has corrected down by nearly 20%, while the price has declined from the 153k high, down to the current price at 125k satoshis. This might be a good entry point to catch the "south train" as GAS could rise up to the strong resistance area at 200k satoshis.
This resistance is confirmed by two Fibonacci retracement levels as well as the low established back in March 2018. At the same time short term consolidation is possible and price might hang around the 100k satoshis psychological resistance. But, as the previous level of resistance at 118k has been broken, more upside potential should be expected in the near term future.
Possible Head and Shoulders relief rally for XBTUSD - Bitcoin So we are in a zone with a lot of different possibilities, I have several charts that confirm this is going down into the low 5ks, possible high 4ks. But everyone wants to know.... "When's the bounce though?".. Well with the T D 9 on today's charts its possible this is the start of a relief rally the bulls have been looking for... I'm still short with a stop loss in profit for now, but it didn't hurt to open a low lever super small long while we were in the 6100s, which can also now have a stop loss set in profit. This is just a "maybe" chart in my eyes, something that I will keep an eye on. I wouldn't mind at all if we just lost support right now though and went into the 5ks. Good luck. Also don't forget that the start of the Right Shoulder can be lower than our current range.. so don't be surprised if we end up dropping down too the high 5k's before this possible head and shoulders scenario plays out. This will be "the bounce". If this starts to play out I will update this idea in the future.
XZC = Zcoin / BTC "Beware of the quite ones" 7/20/2018XZC is a chart that looks promising but its also dependent on bitcoin, this formed a double bottom, also bullish divergence on indicators. Orange resistance line needs to be broken to continue the double bottom. I like this trade setup for me and just sharing with you all my thoughts.
Its also on its last support so that is where my stop loss is set so if it drops from there then it can go really low after that point. Also this is on the daily so it will take time for my trade to complete.
Let me know what you guys think in the comments
"May the bulls be with you"
Bitcoin and the Volume profile indicator, very bearish.
Looking at the volume profile indictor we can clearly see
the largest support area bitcoin has is between
$400 and $500.
Now I am not calling for this region
to be tested 100% but I think it is interesting to remember
that traditionally this is the price bitcoin has been traded
at.
According to volume profile there is essentially zero support
way up here in bubble land where we currently operate.
Once again, just something to be AWARE of.
Below I am posting a link to the trading view wiki on volume profile for those of you who may not know what it is
www.tradingview.com
As you can see, we are currently trading in a low volume area with all the high volume nodes and POC much further below (not much support in this area).
Thank you for reading, please leave any questions or comments you may have in the comments section below or feel free to PM me.
Red Boar
Don't get bogged! Ride the wave!Pretty clear where we are moving from here, short uptick to hit the resistance level and then continuation of the trend until sentiment changes. Recent SEC news is good for crypto, but we still need to work off some of that winter fat, it may take all summer...
Short term: Mild Bullish
Mid term: Strong Bearish
Long term: Bullish
BTC ADL Accumulation Distribution. Any thoughts?accumulation distribution. Any thoughts? Could you imagine buying a stock with this ADL? Either BTC is going back to 15-20k soon or adl with crypto is worthless.
Dash VS Bitcoin CyclesSince April 2017, Dash has been ranging between btc 0.04 and 0.08 areas. The consolidation continues to this day without any clarity on further direction.
According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes lower. The btc 0.055 area remains the support and the next wave according to the cycles could be up.
If the support will not be broken, Dash should be moving upwards towards btc 0.08-0.1 area, and only btc 0.1 breakouts could confirm the long-term uptrend.
Bitcoin Looking for Pullback Soon and Another Wave HigherAs you know from previous posts, I went long at $6500 after accumulation and took some partial profits. I'm taking full profits right here. I have a small short opened at $8900.
I'm looking for a pullback from $7900-$8300 area. My stop is at $9250. Breaking that resistance I would re-evaluate but likely just look for another point to short at a higher price. There's a lot of resistance in this area, so probability says we pullback here, but I'm getting out of the way if $9250 breaks.
When you get a reversal like this from $6500, you look for 2 things. First you look for a 3-5 day run that turns down. That would have been similar to March 17th to 20th. That didn't happen. Which tells me this bull move is going to take some time to complete, which makes more sense as we had too much bearish sentiment at $6500.
Also, we got a clue looking at altcoins that they were WAY oversold and due for a big move. Altcoins went up massively the last week and now short term overbought. I do not think they are done. Smart money didn't buy up cheap altcoins to move them up for a week then stop. They pull back a bit then they go much higher. Too many of them have resistance levels above these prices.
My guess at what happens next.
As I suggested in previous ideas, too many people were talking about going short at $8500 and got stepped on. I think the same thing is going to happen on higher prices. So how does smart money kill everyone? Take price above the log scale trendline. Take price over the .618 retrace. Take price over $10k psychological barrier. Get everyone to proclaim the new bull market is here and then take prices lower. That should set up the final dagger where they can get retail traders to full capitulate. Bitcoin will trade in a tight range below $6k until its ready to breakout for the next bull market, which I think will begin in July or August.
But... I still look for signs that I'm wrong. A really strong bull run that lasts 12 or more days after the pullback and took us over $11700 would get me bullish. Thats the real prove it area for me.
Monaco VS Bitcoin BreakoutMonaco coin has found the support at 57k satoshis and went sharply up towards 165k. The uptrend failed to continue and the price went all the way down to 57k satoshis area. The consolidation continued, but today Monaco finally broke above the downtrend trendline suggesting the beginning of an uptrend.
Fibonacci applied to the corrective waved down after both downtrend trendline breakouts suggest the potential upside target at 20k satoshis area, that is almost 100% growth from the current price.
On a downside, break and close below the 57k satoshis should invalidate bullish outlook and extend the consolidation.
What happens after a parabolic bull run? Lets take a look (2014)Look carefully how the fibonacci levels are respected. Nice bounces at each of them.
And how a huge pump comes after reaching the 0.236 fib level.
(Look here for possible outcomes: )
Tuesday report a price of Bitcoin. Good afternoon, let's start with the fact that Monday closed negatively for the price, the level of volatility has risen in the last 8 hours, there are also purchases, but the nature of these purchases and the spread is more about a one-time buyer than about stopping dawn trend. We are potentially waiting for test 7500 (an important zone is the middle of the down-channel, earlier purchases were made from this zone). Recovery from this zone will open the way to 9000, the breakthrough will open the way to 6000. But do not forget about the foundation because in this interval of volatility the greater part is played by the fundamental part and not by the technical analysis of the price.
btc.com
BITCOIN resistance & support LineBITCOIN is like a short-term stay within $ 200.
If BITCOIN drill a strong resistance line of $ 8940, BITCOIN can reach the resistance line up to $ 9470.
If BITCOIN break through the previous support line of $ 8470, BITCOIN can go below the 8194 support line.
The direction seems to be largely divided by the violet vertical line.
Synereo AMP vs Bitcoin - The BottomSynereo AMP has been trending downwards since the beginning of the year and has lost 67% to Bitcoin while moving from 7800 satoshi down to 2500 satoshi area. Fibonacci applied to the uptrend trendline breakout point shows that price has reached the downside target, hitting 100% retracement level.
Simultaneously, AMP/BTC reached the bottom of the descending channel which suggested the potential bottom for this corrective wave down and could result in the trend reversal. At the same time price could consolidate for the short time between 2200 and 2500 satoshi, but buying opportunity stays very attractive already.
On the downside, only break and close below the 2k satoshi could invalidate bullish outlook.
Syscoin VS Bitcoin Confirming The UptrendSyscoin has been one of the strongest coins during the last few months correctional phase. While most coins have been losing to the Bitcoin, Syscon held its' value while the price was ranging between 5k and 7k satoshi.
SYS/BTC continues trading above the 200 Moving Average and managed to break above the downtrend trendline. During the past few days, it has been rejecting the 38.2% Fibonacci support, where the downtrend trendline acted as the support and has been rejected as well.
This could be the confirmation of the continuation of the uptrend sending Syscoin much higher from the current price. Although there are few strong resistance levels to overcome. First two are 8.2k and 10.2k satoshi levels where previously resistance was established. If they are broken next target would be 127.2% Fibonacci retracement level at 12.6k satoshi. Break above the final resistance will prove the long-term strength of Syscoin, which is a very likely scenario.
Icon VS Bitcoin Hit The Bottom?Icon has already lost 60% to Bitcoin since it reached the all-time high at 9200 satoshis. The downtrend has been stopped at 161.8% Fibonacci retracement applied to the corrective wave down after the ascending channel breakout. Simultaneously the 327.2% Fibonacci channel trendline has also been rejected at the very same price - 3550 satoshis.
This price level could now be the bottom of the correction down. Nevertheless, spikes lower are also possible while the price could reach 3k satoshis for the short time. But, if ICX/BTC will break above the 4.4k satoshis resistance it could be the confirmation that Icon has bottomed out and the price is ready to reverse to the upside.
Ripple VS Bitcoin Uptrend After ConsolidationRipple has produced a double top near 22k satoshi and corrected down, to 10k satoshis area where it found the support. The support is at 61.8% Fibonacci retracement level, where price spiked below but failed to break it with confidence.
Currently, XRP/BTC is forming a triangle pattern, which could lean in the uptrend continuation. Although the consolidation could be extended, while price will remain within the triangle.
Break and close above the downtrend trendline should confirm bullish intentions of the Ripple, sending the price up to 30k satoshis area, at 127.2% Fibonacci retracement level.
On a downside, break and close below the uptrend trendline might result in a wave down towards 76.4% Fibs, at 6.3k satoshis, where buying opportunity could be even more attractive.
