ETH BTC good long oportunityETH is into a big triangle and now is sitting near the support is into accumulation phase.
RSI is oversolded below 30 at 1 week
Stoch also is oversolded
MACD bearish divergence but soon will hit the bottom and after they turning up
In my opinion after this accumulation phase ETH will going up until 0.0535 which is the triangle resistence they can make a double top and after are going down to test triangle support and after will breakout this triangle,will retest the past resistence line of triangle which now will become support and after will fly.
In december ETH can increase becouse:
1) Bullish market sentiment due BTC -0.34% main ETF
2)ETH is too oversolded
3) Ethereum -0.88% 2.0 Casper upgrade late of 2019
4)Institution money will come into crypto
Btceth
TA on BTC/USDBTC has been dropping against USD for the last few months. However, it will highly recover if it continues to inch up and breaks the resistance trend line. That said, I think the market overall sentiment is still rather bearish and volume is pretty low as well nowadays. If it breaks the resistance trend line, there is a high potential of a bull run. Plotted this against the daily chart.
LONG CRYPTOCURRENCY DREAM COMING! WE WILL SEE AMAZING MOVEMENTSThis first i wrote 12 December 2017 and 2 february 2018 if you ask me why, l can tell you if there is a crypto like BITCOIN 1.27% doesnt matter how much cost even 100 k 200 k or Million dollars price is not important because if you will send to money to other peoples 200 dollars you will buy only bitcoin 1.27% for 200 hundred dollars so Crypto cost is not important but never forget cryptocurrencies never will go up up up we really dont know where will start #Tulipbaloon for crypto but not now....Now very good time to invest #security coins .What is security and utility coin? Research yourself....
This chart only can possible work American Stock exchage department acceppt coins... Today ready to enjoy 1 trillions dollar money cryptocurrency.Open your eyes and fallow SEC Decicion. l waiting this SEPTEMBER From begining 2017 lets see... SECurity token platforms security coins
my ideas not and invest idea my twwttr ===> Erer_Forex
3 hours ago
Comment: My ideas not an invest advice
OmiseGo (OMG) I'm bullish on this project. Two mainnets coming out - Cosmos and OMGPlasma mainnet.
Cosmos "Hardspoon" 1:1 for OMG holders.
DEX capable of 1bn+ trades/s.
Mobile wallet (I think Ethos wallet may be better though, Ethos and OMG team close so maybe something there..), real implementations already in use, real partnerships.
Very professional for a crypto project.
Good chance Plasma solves Ethereum scaling issue.
OmiseGo:
cdn.omise.co
Plasma:
plasma.io
Bitcoin/USD is an oracle for ETH/USD *Observation*So I saw the same thing happen a couple days ago with Bitcoin that's happening today with Ethereum. It appears that ethereum is following a trend set before the break up and subsequent fall. Will post the BTC chart to illustrate what I'm talking about.
This seems to be the case in a couple different periods in the market, where bitcoin would make it's fall or rise and then ethereum would follow suit a little bit after in a smaller magnitude. For example ETH's ATH came a few weeks after Bitcoins ATH. same with the following local lows, ethereum reached it's local low shortly after bitcoin did.
Just a thought I wanted to get out there for other peoples opinions.
ETHBTC support - resistance and price directionETHBTC Daily Chart
I think, it'll try the bottom support line (blue line) again.
If the support breaks down it may fall to red support
If break up the trend line, it move to a new hill
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
The END of BTC?Right now BTC seems to be at the crucial crossroad again. There is an increasing support line wich we hit a couple of times on the ongoing decline.
There are 2 possible scenarios:
1. GREEN: BTC bounces successfully from the orange support line. Due to the fact that this forms sort of a wedge with the lower highs of the last decline wich is coming to it's tip we can expect another huge price move. Allthough both directions are possible I'd say UP is way more likely.
2. ORANGE: BTC won't bounce of the support. Well then this means the end of the overall bullish crypto market for some time. Then it seems like everything south is possible.
Personally I think BTC and the whole crypto market got way too big to crash and burn like this so I see an overall positive outcome. MACD shows divergence between the lower highs wich supports the theory while higher lows are backed by MACD higher lows.
What do you think?
Please comment down below or leave a like if you agree.
Thank you!
__
Only my thoughts trade on your own risk
BITCOIN | Bitcoin Price Eyes Breakout As Trading Range Tightens Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest.
With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go.
As of writing, BTC is changing hands at $8,760 - $8,500 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837.
The sell-off from the May 5 high of $9,990 came to halt around the 50-day MA on Saturday. Further, the 50-day MA also acted as strong support on Monday. Meanwhile, on both occasions, the rebound from the 50-day MA ran out of steam around the 100-day MA hurdle.
The rangebound action seen in the last three days has established the 50-day MA as a major support and the 100-day MA as a formidable resistance and the breakout of this zone will likely set the tone for the next big move in BTC.
On the above chart, the falling trendline resistance is seen around $8,810 and is immediately followed by hurdle at $8,910 (expanding channel resistance).
With major moving averages (50, 100 and 200) trending south (bearish), BTC bulls will likely struggle to cut through resistance at $8,900 in a convincing manner.
Note, the bears are about to score another brownie point by pushing the 50-candle MA below the 200-candle MA (bearish crossover).
The 5-day MA and the 10-day MA (seen in the daily chart) are also biased bearish.
BTC-Are you listening yet? Come closer..I have a secret to tellGood morning traders,
Past few weeks I have accurately predicted the following:
A) The breakout
B) The top
C) Soon to be the bottom
I have done so, all days in advance, on this last chart I predicted both this zone, and time frame, last Saturday, when very few traders were going short.
Today I'm bringing you another update on BTC.
Key Notes:
1) We've hit my target buy zone, if you manage to purchase anywhere in this zone, I feel you have an excellent buy.
2) I am currently all in long.
3) We hit our algo target on 618 (the optimal buy zone) and the lower buy boundary.
4) We are oversold on hourly all the way into the 6 hour.
5) We are seeing signs of accumulation at this 8700 level, and I believe this 'zone' will hold.
6) We are beginning to see bullish divergences, it's early, but this could be the first hourly close with divergence.
7) We may see one more final down in the coming hours to the 0.65 (the highest shakeout zone). Do not sell here -- and there is no guarantee we see it.
Targets / Timeframes:
Overall expected outcome until Monday: Range
Future Bullish movement: Outcome: Likely
1) The first goal of today will be to get back up towards 8900. Once completed, we need to establish a range market in this zone and higher going into the weekend.
2) The second major test which will confirm the next run is on its way will be breaking $9500. I do not expect us to get back towards these levels until next week.
3) Ultimate sell target is $11,700, as if we break $9500, I expect $10200 range to fall as well.
Continued Bearish movement: Outcome: Less likely
If the bears can continue this push downwards and my green buy zone breaks, we are in for much lower BTC as we will cancel out the golden cross. My stops are roughly 8550.
Remember, buy into weakness, and sell into strength. Manage your money accordingly, and as always, anything can happen, so set your stops accordingly.
As always, if you value my content, please support me by hitting the follow button, and upon 30 likes I will continue to update this analysis.
BTC - Red week ahead.Good evening traders,
Hopefully everyones been having a prospering month of trading, today we're going to review BTC.
Key Notes:
1) We have bearish divergence on VFI, RSI, MACD
2) Volume has died down at a key level, the 0.65 of the bearish impulse from 3/5
3) We have been unable to clear the 0.618 - 0.65 zone, with 5 weeks of upward movement, a strong dollar, and the stall at this critical level, I am anticipating a red week ahead.
Targets / Timeframe:
Bullish Outcome: Unlikely to have continued upward movement, and if we do, it will most likely be a bull trap.
1) If we continue upwards, I predict we will have a bull trap in the $10200-10300 range, whatever you do, do not purchase in this zone.
2) If we continue to consolidate in this zone, we need to blast through the $10200-10300 range very quickly, BTC can't afford another new range zone at this level.
Bearish Outcome: I am anticipating a red week for the week of 5-6 to 5-13.
1) I expect a sharp retrace to begin no later than Sunday evening towards the weekly close, or within a few hours after.
2) I expect price will reach the target zone of 8587-8910
We also have an upcoming golden cross, and this could change the dynamic of the market and I will update accordingly.
As always, upon 20 likes I will continue to update this idea, and if you value my content please support me by hitting the follow button.
Bitcoin struggling hard with the break-out - how it will unfoldBitcoin is boinking against that $9800-ish resistance with all its power and it’s having a hard time breaking through.
Last time at April 25th, a single test resulted in a full drop back to $8700.
Today, we’re seeing already a double test (or a double top for that matter?) and on this 1 hourly chart, a bearish MACD and a negatively spiralling RSI. That’s not good news. Even though Bitcoin could surprise us here. We shouldn’t forget to look at all this information when it comes to our decision-making.
The 2-hourly chart shows a similar picture:
The 3-hourly is about to make a death cross in the MACD, and is showing a (see the last candle stick) trend reversal Heikin Ashi candle, hinting to a downward push first.
Same for the 4-hourly, even though the Heikin Ashi doji is green (the last candle stick), it’s still a trend reversal one:
On the daily however, we are seeing in the RSI that bitcoin is around being overbought, but still the momentum is upward. Looking at the MACD, instead of making a death cross, the blue line actually curves upward to continue the bullish trend.
Although, taking into account the shorter time frames, it is definitely possible that the MACD still curves downward and that we will have to get ready for another test later on, and that the break-out is not for today.
The weekly is looking great, with a MACD golden cross in the making, an upward trending RSI, and an overall nice looking chart. This makes me believe that it is only a matter of time before the big bitcoin break-out:
And finally, the 15min chart, showing how many times today we already tried breaking through that big resistance:
Conclusion:
- I do believe a break-out for bitcoin is only a matter of time. It will also come sooner then later. We have an incredibly bullish picture on the weekly, with a golden cross in the MACD in the making, and overall indicators and chart lay-out looking bullish.
- If I look at the chart and its components today, completely objectively, it looks like we are likely still a little early in breaking out. Almost every time frame confirms this view. If we look at the 15min, we see that we keep on testing that resistance line, showing proof of the strong upward momentum underneath, but also of the strong resistance.
- We could break the resistance today, but objectively, it looks like we might have to wait a couple of days more.