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There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001560 to 0.00001040). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001560) Ending of entry zone (0.00001040) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000213 TP2= @ 0.0000260 TP3= @ 0.0000309 TP4= @ 0.0000411 TP5= @ 0.0000470 TP6= @ 0.0000590 TP7= @ 0.0000710 TP8= @ 0.0001020 TP9= @ 0.0001760 TP10= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001560 to 0.00001040). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00001560) Ending of entry zone (0.00001040) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000213 TP2= @ 0.0000260 TP3= @ 0.0000309 TP4= @ 0.0000411 TP5= @ 0.0000470 TP6= @ 0.0000590 TP7= @ 0.0000710 TP8= @ 0.0001020 TP9= @ 0.0001760 TP10= Free
Long
by ForecastCity
5
EOS: Time to Find Your Inner BearFor this price analysis, I’m actually going to look at EOS on the USD side of things. EOS Price Analysis The first thing that’s worth noting is the fact that $EOS failed to hit this major overhead resistance point (thus far): So, there are a couple reasons why this is important. 1. It appears as though the momentum for $BTC #Bitcoin is beginning to wane at this point in time. Usually, the market follows $BTC (at least the majority of it does) and $EOS is really no exception to that rule. 2. There are no serious fundamentals that are supporting the price of $EOS that would suggest that it is immune to this break in the markets if the author’s prediction that $EOS is headed down is correct. 3. This recent increase in the price of $EOS has left the price largely over-extended for the most part, and it is now reading overbought on all RSI charts. This is especially not good when you’re in a bear market. It’s almost always worth betting against an overbought chart in a bear market. Above, you can see a clear bump and run chart pattern formation. This is very classic in cryptocurrency, and nearly always comes to fruition. The RSI is screaming ‘get out’ as well. Let’s Look at Some Potential Support Points In the picture above, there are a couple that individuals should be directing their attentions to. One of those = the uptrend line that is directly under the price (on the ‘bump’ portion of the bump and run). As you can see above, that’s only a 3% drop. Thus, this is more than likely a point that will be broken straight through. This has not been tested at all. Ichimoku For those that can see the Ichimoku below, it is resting on our original uptrend line as well; so that’s not going to give us too much information on what’s going on. Potential Re-Touch of the Main Uptrend Line (Most Likely on a Consolidation) If this occurred, the following drop would be substantive at -13.66%, which is a great gain for a shorter (if one is looking at those options). This seems to be the more likely possibility. However, with a bump and run pattern, there is always a major possibility that the price falls even lower than that. In the even that this did happen, it would lead to a much more precipitous decline in the price. Ascending Channel spotted on the H4 as Well It appears as though the price has just touched the top of this channel (which was just established, so don’t beat yourself up if you did not short from this point immediately; no one could have anticipated that). The reason why the author states that no one could have anticipated that is because there’s a chance that an ascending broadening wedge could have formed itself instead, which would have been an entirely different scenario. So, this needed to happen in order for us to get the ‘larger picture’, if that makes sense. Conclusion Given everything that we know, a short almost seems to be the most logical move at this point. The price is already pretty overextended on EOS as of now, and it appears as though the momentum is beginning to wane substantially on the RSI on all time frames. Therefore, this is the author’s R/R trade for the short:
BITFINEX:EOSUSDShort
by librehash
5
A trading opportunity to buy in BTSETHTechnical analysis: . BITSHARES/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000358) Ending of entry zone (0.000277) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000412 TP2= @ 0.000467 TP3= @ 0.000550 TP4= @ 0.000664 TP5= @ 0.000809 TP6= @ 0.000994 TP7= Free
BLong
by ForecastCity
A trading opportunity to buy in BTSETHTechnical analysis: . BITSHARES/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000358) Ending of entry zone (0.000277) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000412 TP2= @ 0.000467 TP3= @ 0.000550 TP4= @ 0.000664 TP5= @ 0.000809 TP6= @ 0.000994 TP7= Free
BLong
by ForecastCity
1
A new trading opportunity to buy in BTSUSDTechnical analysis: . BITSHARES/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 27. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.1210 to 0.0438). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1210) Ending of entry zone (0.0438) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1855 TP2= @ 0.2379 TP3= @ 0.3170 TP4= @ 0.4536 TP5= @ 0.5638 TP6= @ 0.6736 TP7= @ 0.9800 TP8= Free
POLONIEX:BTSUSDLong
by ForecastCity
A new trading opportunity to buy in BTSUSDTechnical analysis: . BITSHARES/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 27. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.1210 to 0.0438). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1210) Ending of entry zone (0.0438) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1855 TP2= @ 0.2379 TP3= @ 0.3170 TP4= @ 0.4536 TP5= @ 0.5638 TP6= @ 0.6736 TP7= @ 0.9800 TP8= Free
POLONIEX:BTSUSDLong
by ForecastCity
7
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00002134 to 0.00001560). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00002134) Ending of entry zone (0.00001560) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000260 TP2= @ 0.0000309 TP3= @ 0.0000411 TP4= @ 0.0000470 TP5= @ 0.0000590 TP6= @ 0.0000710 TP7= @ 0.0001020 TP8= @ 0.0001760 TP9= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in BTSBTCTechnical analysis: . BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00002134 to 0.00001560). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00002134) Ending of entry zone (0.00001560) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0000260 TP2= @ 0.0000309 TP3= @ 0.0000411 TP4= @ 0.0000470 TP5= @ 0.0000590 TP6= @ 0.0000710 TP7= @ 0.0001020 TP8= @ 0.0001760 TP9= Free
Long
by ForecastCity
11