EOS - Long Opportunity (Fractal)The price is currently sitting at the Support (Trend) of a Channel.
The RSI STEP TREND is printing a Buy-Signal soon.
Our Buy Zone is located at the Support (Trend) from 3.07 to 3.12
Our Target Price is located at the Resistance Zone from 3.35 to 3.40
Our Stop-Loss ( Necessary in this trade! ) is located at 3.03
I will update this chart accordingly!
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Bitfinex
Verge (Oct 14) 50% PProfit in 15 Days#XVG $XVG #BINANCE #BITTREX #HUOBI
Buy : 43-45
Sell : 48-51-55
Mid-Hold : 60-65
Stop : 39
RIPPLE - Possible Pattern Breakout (ADX and GI)There is an interesting thing going on on daily timeframe. The price is moving in a triangle on the larger picture.
We are currently sitting right below our Resistance Line (Trend). This usually means we are trending back to the Support Line of the Triangle.
We are also in the upper band of the Bollinger Bands. The SMA of the Bollinger Bands (Orange Line) is a good Buy Zone in during an uptrend.
To determine if this is really an uptrend, i take a look at the ADX and DI Indicator.
The ADX (Black Line) is at 15.00. When the ADX line is moving below 20.00 it means that the trend is weak.
But a range between 10.00 and 20.00 is also a setup-type for a Pattern Breakout (Triangle in this case).
The DI+ (Green Line) is also moving above the DI- (Red Line) which is a sign for an uptrend.
Our Entry is located at 0.280 if a daily candle in the next 3 days closes above this level.
Our Target Zone is located between 0.310 and 0.330 .
Be patient and wait for a clear signal.
I will update this chart accordingly!
THANKS! to @olhcook for kickstaring my Patreon
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What do you want to do BTC?I think everyone agrees that $BTC is in consolidation, however I am seeing a possible bullish move coming next as some key trend are being held. I we get a strong move above 9.000, that would indicate further upside, whereas a move to below 8.000 would indicate the opposite. I find that right now is a good time to sit back and just watch where it ends up going.
Litecoin targets bullish Litecoin targets bullish breakout as descending channel takes form
Litecoin, the digital silver was worth $56.48 after a minor slump of 0.50%, at press time, holding a market cap of $3.583 billion. During the past weeks, the coin failed to gain a breakout to the upside and bulls rested below the crucial $60-range.
The candlestick arrangement on Litecoin’s 3-day chart against the US Dollar exhibited formation of a descending channel pattern with the price trend sloping down. This was indicative of potential uptrend and a bullish breakout for LTC.
The moving averages headed for a bullish cross-over?
100 moving average was below 200 moving average since mid-December 2018 in the 3-day LTC price chart and exhibited a bearish momentum in the coin’s price. A potential reversal in this trend could be on the horizon as the two moving averages appeared to be converging for a bullish crossover.
The candles continued to hover above 100 moving average since March this year, at the same time when LTC’s price picked up the pace and subsequently climbed above 200 moving average after May following a steep rise in its price and rallied till its halving in August. Post halving, the price fell below both moving averages and has been resting below them since September 19th.
100 moving average acted as a resistance point for Litecoin at $72. Another resistance level was found at $77.32. The support remained untested at $41.05, a low unseen since February 2019.
MACD indicator suggested a possible bullish crossover in the near-term, after a bearish phase. Relative Strength Index exhibited a strong selling pressure among LTC investors as it was still below 50-median and was at the oversold zone.
Conclusion
Despite strong selling pressure, other indicators predicted a bullish period for the coin in the near-term. A breakout on the positive side could catapult LTC’s valuation above $60, a crucial point that has resisted the Litecoin bulls for over two-weeks now.
BITCOIN - Reversing Signals (Read first!)It's time for an update! Things were going pretty well in the past days.
The price did some easily predictable moves with the help of Trendlines, Support and Resistance.
Beside one thing - yesterdays Fake Breakout (Yellow Box).
The price touched our Resistance Zone at 8800.00 first and went right back to our Range (Purple Box). Please see my recent ideas to get an idea of what exactly was going on.
This is a dangerous moment, especially for someone who is mostly trading short-term trends, like me.
Potential buyers get tricked into a breakout. Most of the high leveraged short positions get liquidated (money for the market makers)
during this quick run up. The following immediate sell pressure with much higher volume is our first signal for a change in trend .
The bulls were not strong enough to break the Resistance Zone. Too many sellers entered the market.
The Relative Strength Index (RSI) is printing a Bearish Divergence (Red Dotted Lines). This basically means that the RSI disagrees
with the current price movement of the Candlesticks. People are selling their positions while the price is going mostly sideways or is moving in a tight range. This view on the Candlesticks will trick some people into buying.
The RSI is giving us a clearer view of the current trend.
The price is currently sitting at the EMA 50 while the price was trending downwards in the past weeks. This is also a Reversing Signal, but not in our favor. It's currently neutral, but moving above the EMA 50 can also mean that many potential buyers are watching the price action. A strong candle up will many people put their buy-orders on the way up. The same thing happened at the Fake Breakout.
A second attempt from the bulls to break our Resistance Zone at 8800.00 might be successful.
This is not the right time to take a position. As always, be patient and wait for the market to give you clear signals.
My tendency is a big move to our Support Zone (Blue Line). But the next good trading opportunity is just a few hours away.
I will update this chart accordingly!
THANKS! to @olhcook for kickstaring my Patreon
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MATIC Network Breaks Descending Triangle... 150% Profits TargetMATIC Network (MATICBTC) broke above a descending triangle just recently and is showing great strength and volume on the way up.
It easily broke above EMA10 and EMA50 with very high volume and continues aiming higher.
We are looking at a super bullish RSI. Additional bullish action expected in the weeks to come... All the details on the chart.
Feel free to hit like if enjoy this content.
This is Alan Masters.
Namaste.
BITCOIN - Upwards Channel (Fractal)The price might be moving in a Channel (upwards).
To confirm this bullish scenario, we need second a confirmation of the Support Line of the Channel.
This is where our potential Buy Zone is located: 8450.00 - 8550.00
I'm using a fractal of the past hours to show you where this move could take us.
Our Target is located at the Resistance Line of the Channel: 8920.00 - 9020.00
But first the price has to push through the Resistance Zone between 8600.00 - 8800.00 with high volume (like yesterday).
We might consider to close our position at the target because we have another
strong Resistance (horizontal) located at 9200.00 . Most of the early buyers will take their profits here (Including us!).
The Bollinger Bands are tightening, which means there's a breakout in the making.
Potential MACD bullish cross above 0 (confirming the uptrend) in the next 3 to 4 hours.
The RSI STEP TREND is cooling off, which is necessary for a big move.
Be patient and wait for confirmations!
I will update this chart accordingly.
THANKS! For all the positive feedback im receiving lately.
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BTC - 10 October 2019 - Long Waited Bounce TargetsBitcoin has been struggling below 50 daily MA for a while.
Yellow line is 50 MA and Red line is 200 MA.
Looking at the past, we might be about to see a pull back to 50 day MA and a test.
Targets are from 9400 - 10000usd
If bitcoin decides to reverse the trend we will be buying back above 11k.
Enjoy the green bars my friends!
BTC - 09 October 2019 - Deadcat Bounce 1 is Here at LastBitcoin just waited for most of the people to say `damn this is not going to go up` to make its move up. As expected... Thanks bitcoin
And here we are at 8600 levels where most of the people expected the bounce to happen. Bitcoin seems strong for the short term and can retest the bottom of its descending triangle, which means up to 9400 levels - even it can bounce to 10k to make a huge bull trap - but do not get fooled.
We will not be going ATH before testing 6K s.
21 MA weekly and 100 MA daily is broken, we need HEALTHY RECOVERY NOT AGGRESSIVE PUMPS - or the 6k s are still on the table.
Lets enjoy the pump...
BITCOIN - Do NOT take a position YET! #2The Bitcoin market is currently undecided. Most of the common used indicators are neutral.
The price is sitting slightly above the EMA 9. The 4h candle opened a few minutes ago,
i think the price action in the next 4 hours will give us a better idea of where the price is going.
While the overall trend is down, we are in overbought territory on the 1D frame.
We are also sitting right above a strong support zone at 7800.00.
This means the following to options are in sight:
If this candle closes below the dotted line at 8145.00 we will probably go down and test our support zone,
located between 7700.00 and 7900.00 - which could break if high volume kicks in.
If this candle closes above the dotted line at 8215.00 we will probably go up to our resistance zone,
located between 8600.00 and 8800.00.
Wait for the market to give you a clear signal.
I will update this chart accordingly.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
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BITCOIN - Short OpportunityThe price bounced from our Support Line at 7800.00 with strong momentum.
We will take this opportunity to short from our Entry: 8280.00
A Stop-Loss is set slightly above 8400.00 at our Resistance Line,
we could move to 8700.00 in a very short time. So this trade is risky. ( Money Management Matters )
Expecting to reach Target Zone 8000.00 - 8050.00
I will update the chart accordingly.
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This will keep me motivated :-)
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Bitcoin Bullish Signals On The Daily TimeFrame | $11,111 Next?Bitcoin (BTCUSD) just printed a strong bullish candlestick pattern, but we are not there yet...
Feel free to hit LIKE now and let's get started with this analysis... Thanks a lot for your support.
Bitcoin (BTCUSD) | Daily (D) Timeframe Analysis
Circled in green, we can see the bullish engulfing pattern.
We can see a young bullish MACD crossover.
MACD histogram going in favor of the bulls.
RSI Hit oversold.
Higher low was yet yesterday compared to the 30-Sept.
We are not there yet... These are early bullish signals as they are still developing and the charts are always changing.
BTCUSD is still trading below EMA10 (green line on the chart), which gives it bearish potential.
Before we can confirm a move much higher, this barrier needs to break.
BTCUSD needs to close daily above $8260 to confirm its bullish potential.
$7700 is our main support and last low. Above this level, we keep the bullish potential scenario.
Below $7700, Bitcoin can easily move lower.
You can leave a comment if you have any questions.
Make sure to share your charts in the comments section below with your opinion and ideas...
Thanks a lot for reading.
Namaste.
BUY THE DIPS
Finally, after 100 days of consolidation we end up breaking down the range, but I don't believe at all we are at the start of a bearish trend, as I have already readed in many tradingview and twitter ideas.
A market reverse does not leave behind all those highs without retesting them as an upthrust, trying to shake out as much shorters as possible, that's not a distributive Wyckoff pattern, but much more likely, an accumulative structure with a deep shakeout before moving up, and where we are right now. So following my main scenario, I have already spotbought at 8250$, and I will continue buying till 7.4k$, that should be a nice last dip for a spring before moving up.
Good luck
RIPPLE - Short Opportunity, Updated Idea (Intraday)The price got rejected near the Resistance Line (Longterm-Trend).
We currently do not have enough volume. We are also in Oversold territory.
Our Entry (Short) is at 0.280 . A Stop-Loss is set slightly above the Resistance Line at 0.287
Money Management Matters
Expecting to reach Target 0.255 soon.
I will update the chart accordingly.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
How do you like my now chart layout?
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