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Bottoming

BTC may be cut in half AGAIN from here !I went back and studied the 2014 crash pattern which is eerily similar to the 2018 crash pattern. By looking at the post-crash price ranges of 2014 and doing some simple math I was able to make some similar forecasts for the 2018 pattern. At the absolute extreme bottom the 2014 price dropped to 15% of it's all time high. $1175 x .15 = $176. Some BTC was sold as low as $162 but very little and only in brief spikes down. So if this held true today then $19891 x .15 = $2,984 or $3,000 to round things off. This would be the absolute bottom of despair prices we could expect to see if things matched up perfectly. Since when is anything perfect? A more realistic long buying opportunity would most likely come at the .25 point or $5,000 range down to the .20 point or $4,000 range. For the really patient they may be able to hold out and start buying in the $3,500 range should we ever get there. For me, if this plays out, I will most likely start buying small fractions of BTC under $5K and continue to do so as long as I can improve my price. If this plays out like 2014 we could be sitting on this bottom for a very long time so there will be plenty of opportunities to get in for those WHO ARE STILL INTERESTED and have not completely thrown in the towel. Of course this is only my "general long term plan". What I do then greatly depends on what is going on at that particular time. Maybe we have a flash crash down to the $3K and I throw in my entire wad at one time? Or maybe things slow roll along and I just accumulate a little here, and little there, while waiting for the recovery. It's impossible to say how things will ever play out but I think it's good to have a general idea of what you want to do when you see things unfolding as you anticipate.
BITFINEX:BTCUSD
by BitcoinBearSlayer
BTC still on track for 7k ? or will it Moon?Okay so we care currently bouncing back and forth of two fairly strong trendlines, just recently bouncing perfectly off the top of the new resistance line , making it 3 widely separated touches and confirming the trend line. While we have side=ways movement. we are also pushing into the end of a very large descending wedge pattern, which we have been in for some time, we have yet to have broken either of these main trendlines and actually. we just confirmed both of the above lines at the same time. We should continue this movement slowly moving down until breakout. Now if my original path holds true we will break south until we hit 7920 which is a massive support line and where I have predicted the nest pull back from the current motive wave, which is the 3rd wave in the c wave of the abc correction I predicted. So far we have been pretty much on the money but luck does play a large part in this also because in the end. we are playing for the best probabilities and to be fair a failing wedge is generally a continuation pattern, so if history holds true it should break above and with some considerable movement, dependant on Volume SO, Down or Up A) We are still in a correction until around but the 7k prediction is not set in stone, we must be like water (Thanks Bruce), we must be fluid, ready to change at will. B) The wedge ends around 8600, which still feels a little high but could possibly be the bottom. So keep a close watch and get ready to scale in your buys if it confirms a break to the north of the wedge, I will. As far as I consider, this wedge is the main game here and if it pushes north, the 7k bottom is a hindsight and it's time to move on. C) This pattern generally equals a continuation of the early uptrend D) We have some convergence on the rsi, which indicates a drop in price. E) STOCH is well over 80, so we are oversold but this can hold for a long while. F)MACD is well under 0 and has been there for a while G) all my MA indicators would have me shorting. 5&8 are well below 13&17 H) 200ma is sitting at teh bottom of the wedge, so it should be a devent support but if it breaks, look out. I) 100 ema is sitting on the top of the wedge and will be a decent risistance. Your Job, if you choose to take it is to take these variables into consideration and decide for yourself where we are headed but if you are smart and wait for confirmation, it is hard to lose. Good LUck and Happy Trading. Don't forget me, when you become rich. ;)
BITFINEX:BTCUSD
by TroyByrne
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC. Detailed post will be coming on the blog this week. I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way. As always, let me know if you disagree and let me know what you think I'm not seeing. Always trying to improve, Brandon
NASDAQ:BGFVLong
by BrandonBeylo
Investing in Boring BusinessesVLGEA is a boring business. It operates a chain of ShopRite groceries stores across PA, NJ, and MD. The company averages a modest 6% sales growth CAGR and has paid a dividend every year since its inception in 1965. I like investing in boring businesses. Stable, consistent returns on shareholder capital can have tremendous compounding effects. VLGEA sits on a ton of cash, has stable, consistent free cash flows with an unlevered FCF 10Y CAGR of 29%. Although the company faces stiff competition in an industry that already deals with narrow margins, they have flexibility and potential to get to their intrinsic business value of around $31 - $36/share. I wrote a blog piece about them where I go into more detail, give it a read here: rockvuecapital.wordpress.com From a technical standpoint, if the stock can hold at this current support level of 22.50 - 23, I would venture to initiate a starter position with a stop loss right below that support. Any price acceleration from the bottom I would add on to my position. Please let me know if I missed anything, or if I have any blind spots in my analysis, it really helps! Thanks, Brandon
NASDAQ:VLGEALong
by BrandonBeylo
3
Bitcoin Jan 19 2018 UPDATED WITH EW FIBGoodmorning! BTC is moving upwards in count 4 of 5 corrective C wave down. expect failure of rally at max 12400.00 whereupon BTC is expected to turn sharply down to complete Wave C correction. Upon forming the expect coming low look for BTC to next start a new structure moving higher solidly. We will need to look for evidence supporting a trend reversal once the current structure completes. A series of higher highs, lower lows and volume response will he key to identification when a solid uptrend is established. Until then I expect this current 4th wave rally to move to possibly as high as 12400 before resuming lower to 8700 and very possibly lower to 6400 fib level.
BITSTAMP:BTCUSD
by bshgeo
Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled?Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled? Bottom Tested 3 Times/Confirmed SUPPORT Level I'm seeing an inverted Head & Shoulders forming with rising volume that at 14,000 could signal the bottom is in and a reversal back up for a New Year's rally in the making. That's what it appears to be doing at this point, and if so, would lift up the whole market like the ocean tide rising in all the rivers. RSI and MACD are moving upwards with lots of space to run. The 50 EMA (50 day moving average) is curling upwards as the volumes are building. All system's go. In all honesty, I believe a large portion of this move will be because of Bitcoin (BTC) primary infrastructural utility as a conduit for people to move fiat funds into purchase other alt coins, as well as into Wall Street via the CBOE and CME. My favorite alternative currencies are especially Bitcoin Cash (BCH) and Stellar (STR/XLM), but also Cardano, Ethereum, Litecoin, Dash and Ripple. On a somewhat funny side note: There is the lunar trading theory, AKA "Moon Theory", which says a Full Mooon is the best time to buy and New Moon the best time to sell. Last night was Full Moon. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas. Wishing you all a Happy New Year and All the very best wishes of luck in your trading ;)
Long
by Inspirar
3
ETH BOTTOMThe FIBO level, the shape of the candle and the posterior candle, sail make it clear that we are in the presence of a bottom. After a strong fall, within a descending channel, ETH has to change its tendency. It has two historic and strong resistance to cross. The target is USD 350.- Being conservative, but I'm sure ETH is being "controlled" some time ago between the 280/300 range. There are 30% chances of the second scenario. Greetings and thanks for your time
BITSTAMP:ETHUSDLong
by AndresThomasShirakawa
2
Bitcoin/USD - Support seen near 3,300Bitcoin is currently correcting in wave 4. My preferred count for wave 4 is, that a running triangle is developing. Wave C is currently unfolding and should see support near 3,300 for a rally in wave D closer to 4,378 or slightly above. Before turning lower in wave E to complete wave 4 and setting the stage for a strong rally in wave 5. The ongoing decline in wave C, should mark the lowest point for the ongoing correction in wave 4. Looking back at the previous impulsive rallies, we can see that the fifth wave normally extends, if this also is the case this time, then wave 5 could move all the way up to 9,150. The alternate count for wave 4 is that an expanded flat correction is developing. If this is the case, then the correction in wave 4 should be close to completion for a new impulsive rally in wave 5. Under this count a break directly above 4,980 should be seen. This is my alternate count, but none the less a valid count.
BITSTAMP:BTCUSDLong
by EWS
USD/CAD - Wave 1/ is expected to complete near 1.1925USD/CAD has seen a nice impulsive decline from the May high at 1.3794. This impulsive decline is coming to an end near 1.1925 and marks the end of wave 1/ of 3. Once this wave 1/ decline is complete a corrective rally towards the top of wave iv of one lessor degree at 1.2778 is expected. A rally back to the top of wave four of one lessor degree is a very common corrective target. That doesn't mean that the correction in wave 2/ can't break above here, but more often than not the top of wave four of one lessor degree caps the correction in wave 2/. Stay positive towards the Loonie, but don't fall in love with it just now.
by EWS
USD/SGD - Bottom expected near 1.3300USD/SGD - Closing in on strong support near 1.3300 It has been a while since I last updated USD/SGD and as it's close to strong support near 1.3300 it's about time to do so. USD/SGD saw a nice five wave rally from the August 2011 low at 1.1994 to 1.4546 in January 2017. The following decline from 1.4546 is clearly in three waves and is now closing in on strong support near 1.3300, which should be able to protect the downside for at least a correction and possibly the start of the next impulsive rally to above 1.4546 in wave C. For now keep you attention towards the downside for a move closer to 1.3300, but don't fall in love with the downside as a major bottom is expected shortly. We are not quite there yet, but we are close.
by EWS
2
EOS Close To Bottom - Volume + FundamentalsHi guys, with BTC all go down. If BTC holds hovering above 4100 USD this could be the very bottom according to price movement measured with a trading volume. There is only one volume indicator on my 3H chart due to restrictions of the platform but I used more and all give the same information - with every other fall in price the volume is falling down too. Also on 1 H chart Easy of Movement signals that EOS is being accumulated. MACD supports the rest of the indicators. That means we could be getting to an end of the sell off, bottoming. BUT Momentum is still downwards on 3H chart and there are no buyers right now. This could easily change as there are going to be a few technical conferences and the TEST NET will be launched on September 14+/-. Also the latest sharp decline in price - a climax - is often a sign of a reversing trend. Wait for the confirmation signal - a strong green candle. This could be a great chance to load up your bags and wait till the end of September. The mood on the market could easily be a very different compare to the last weeks for EOS. As for China news involved - not a very reasonable believe to sell. EOS don't even have a page in Chinese. Definitely oriented to different markets plus there was a flood of fast and cheap Chinese ICOs lately. Your feedback is greatly appreciated. Good luck and peace, HODLERS. Patience is the key! Disclaimer : Due to its extremely high volatility Trading Cryptocurrency is very challenging. Potentially it can be a profitable opportunity for investors. However, before deciding to participate in the cryptocurrency market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly invest only money you can afford to lose .
BITFINEX:EOSUSDLong
by AwesomeTrade
GBP/JPY Long opportunity GJ setting up for a good risk/reward long soon, maybe a little too late for it but let's see if we can catch the absolute bottom again with this one. RSI is improving while the price is dropping (bullish divergence) which indicated the bears are losing steam and the likelihood of a move up has increased. In addition, it appears as if at that price GJ will form a bullish harmonic pattern. Not really the best pair to trade at the moment (check NZD/USD, or gold) but the opportunity has presented itself. Enjoy & take care
Long
by faris.makki
2
Crazy DGB Idea...DGB has got a bad rep because of the constant shilling during its massive bull run in May - June and its subsequent fall from grace but I still see potential in Digibyte but even more important than my sentiment, all signs point to DGB finding its bottom in the next 24hrs. DGB is currently oversold on the 4hr, 1hr, 30min, and 15min (and still has a little more room to go) and will soon return to the magnetic 200MA as is has been doing during this bear trend from all the BTC bullishness. It's clear that BTC is reaching its top and is grossly oversold on higher time from which means soon, panic will lead many cryptotraders to find refuge in Alts. DGB is certain to be one of the Alts as well as STR and XRP. Be mindful though, there is always the possibility that the BTC bull run will continue much longer than expected... Stay tuned Trading Signal for DGB ENTRY: .00000287 - .00000295 TAKE PROFIT: .00000440 - 00000600 STOP LOSS: .00000265 (could be lower if you plan on holding but keep it tight...)
DLong
by myceliium