Shift Rally Hasn't StoppedFollowing the previous idea on Shift , it has reached the upside target at $9.34, that is 327.2% Fibonacci retracement applied to the previous all-time high. The $9.34 level was not only reached but clearly penetrated and price continued to rise, reaching $13.
Corrective wave down followed and was stopped right at the 261.8% Fibonacci support level that is $7.57. As the 427.2% resistance is broken and 261.8% support is rejected it is very likely that the rally will continue where price could reach $20. Although prior to that $14.78 and $17.45 resistance levels must be broken and should be watched closely. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
Buy-signal
Ionomy VS Bitcoin Support RejectedIonomy started to show some strength against the Bitcoin after breaking above the 200 Moving Average and descending channel. Price went up from 9k satoshi up to 30k but then corrected down.
The correctional wave was stopped at 16k satoshi, where it rejected the upper trendline of the descending channel and 4/1 trendline of the Gann Fan. Although price could consolidate for a little longer the beginning of the larger correctional wave up is likely to take place.
The first upside target and key resistance is at 61.8% Fibonacci retracement level that is 43k satoshi. If ION/BTC manages to break above, this could mean the beginning of the uptrend. On the downside, only break below the 10k support could invalidate bullish outlook.
GameCredits VS Bitcoin Might Grow Exponentially?GameCredits found the support at 10k satoshi and slowly but consistently started to move up, producing higher highs and higher lows. Price broke above the 200 Moving Average and then above the descending channel.
Currently, upper trendline of the descending channel is acting as a support and GAME/BTC could start an exponential growth from this point. The first upside target is seen at 50% Fibonacci retracement level, that is BTC 0.0010 psychological round number. It also corresponds to the previous resistance during July-August 2017. Only break and close below 10k satoshi support could invalidate bullish outlook.
Buy signalsENGLISH:
We have several bullish signals.
To begin with, the EMA200 resistance has been broken, so bitcoincash is once again in an uptrend.
At this precise moment it is in a dynamic triangle that has already played 3 times with 2 other approaches. Now we have the dynamic support EMA200, so the break of the triangle is closer.
We can also think that it will break the triangle to the upside because the RSI comes from giving an upward signal when crossing the line of the value 40 and because there has been the crossing of lines upwards of the MACD.
In the graph we can not appreciate it, but the PARABOLIC SAR indicator also shows an upward trend.
Another detail to keep in mind, is that a dynamic triangle has been broken in the Bitcoincash chart against Tether USD in the time interval of a day, at this time you can see a pullback, which will take the currency upwards.
After analyzing all these factors, I can almost assure that Bitcoin Cash is about to give a good raise.
- First objective: 0.184
- Second objective: 0.24
- Third objective (medium term): 0.33
Pay attention to the large number of sales orders that are in 0.25, this can delay the arrival of the third objective and stop the rise momentarily.
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ESPAÑOL:
Tenemos varias señales alcistas.
Para empezar, se ha roto la resistencia EMA200, por lo cual, bitcoincash vuelve a estar en tendencia alcista.
En este preciso momento está en un triángulo dinámico que ya a tocado 3 veces con otras 2 aproximaciones. Ahora tenemos el soporte dinámico EMA200, por lo cual, la rotura del triángulo está más cerca.
También podemos pensar que romperá el triángulo al alza porque el RSI viene de dar una señal al alza al atravezar la linea del valor 40 y porque se ha dado el cruce de lineas al alza del MACD.
En la gráfica no podemos apreciarlo, pero el indicador PARABOLIC SAR también nos muestra una tendencia alcista.
Otro detalle a tener en cuenta, es que se ha roto un triángulo dinámico en la gráfica de Bitcoincash contra Tether USD en el intervalo de tiempo de un día, en este momento se puede apreciar un pullback, lo cual llevará a la moneda al alza.
Después de analizar todas estos factores, puedo casi asegurar que Bitcoin Cash está por dar una buena subida.
- Primer objetivo: 0.184
- Segundo objetivo: 0.24
- Tercer objetivo (mediano plazo): 0.33
Prestar atención a la gran cantidad de órdenes de venta que hay en 0.25, esto puede retrasar la llegada del tercer objetivo y detener la subida momentáneamente.
Pivx VS Bitcoin Support RejectionFollowing the previous idea on Pivx vs Bitcoin , price corrected down but was stopped at 50% Fibonacci retracement level, that is 61k satoshi. Price failed to close below that level although it attempted to go lower, at the same time, the 200 Moving Average was rejected.
Therefore, after breaking above the triangle and the 200MA price corrected down and rejected the support. Such price action could suggest the beginning of the uptrend, sending the price up to the 166k satoshi resistance, confirmed by two Fibonacci retracement levels, 261.8% and 327.2%. This is the first strong obstacle to the potential PIVX/BTC rise and it is yet to be seen whether price breaks above or will reject it.
Ark VS Bitcoin RisingArk found the support at 18k satoshi and started to moving higher while breaking above the 200 Moving Average as well as the descending channel. After the breakout price corrected back and first rejected the Moving Average and then the upper trendline of the descending channel, both of which this time acted as a support.
With such price action, the uptrend scenario becomes more and more likely where ARK/BTC could rise up to 100k satoshi psychological resistance levels. This level is also confirmed by technical analysis, where two Fibonacci retracement levels are inline with each other. the 76.4% and 327.2% levels. Only a break and close below the Moving Average could invalidate bullish outlook.
Stratis VS Bitcoin Still Strong?After breaking above the previous resistance at 88k satoshi and the 200 Moving Average, suddenly Stratis is looking strong against the Bitcoin. Following the break above the resistance, STRAT/BTC went down and re-tested the 88k satoshi support, which in fact has been rejected.
The potential of the Stratis is definitely there and its quite likely that it will continue rising. The nearest resistance is at 125k satoshi, where 61.8% Fibonacci retracement is located. Then 144k and finally 160k resistance. Break above 160k satoshi could establish a longer-term uptrend although it is yet to see how price will react on each of the resistance. Break below the 200 Moving Average should invalidate bullish outlook.
XVG Turnaround timeXVG has been crashing for the last few days on account of its failed Wraith Release timing.
However, the tech is still there.. it will be released, and when it does, XVG will boom.
Right now the price is low, but i don't believe it will stay this way for long
Edgeless Token Should Outperform BitcoinEdgeless token found the support at 5600 satoshi and started to move higher, breaking above the 200 Moving Average and the very strong resistance formed at 13k satoshi. Higher highs and higher lows pattern started to emerge suggesting that EDG/BTC could be planning to continue rising.
After breaking the 13k satoshi resistance, the price went back and this time rejected this level, which is now acting as a support. The upside momentum is there and it is very likely that price will move higher towards previously formed high near 40k satoshi. To be precise, there is a very strong resistance at 37k satoshi confirmed by two Fibonacci retracement levels. First is 88.6% and second is 227.2%, applied to the last corrective wave down.
While the upside potential is there, Edgeless might take some time before moving higher and could even test the uptrend trendline and/or the 200 Moving Average once again. In any case, the buying opportunity is there and only break below the 5600 satoshi support could invalidate bullish outlook.
Memetic / PepeCoin Higher Highs Memetic does look pretty awesome from the technical perspective, it has been bouncing off the 200 Moving Average for an extended period of time after which it broke above the $0.4 resistance and now there is clearly a higher highs, higher lows pattern.
After breaking above the $0.4 resistance price retraced back and rejected the uptrend trendline. Currently, it seems that MEME/USD is ready to continue the uptrend and a new all-time high should be just around the corner. The first target is seen at $2.5 where 161.8% Fibonacci retracement, applied to the latest corrective wave down. On a downside note, only break and close below the 200 Moving Average would invalidate bullish outlook.
ZCash VS Bitcion Could Go Over 100% UPZCash found the support at 327.2% Fibonacci retracement, applied to the corrective wave up, after breaking the btc 0.75 support. After bouncing off the btc 0.02 psychological level, ZEC/BTC went higher and broke above the descending channel as well as 200 Moving Average.
This could indicate that price is ready to go higher, although it is too early to say it is reversing. The key resistance is at btc 0.075, which is the first upside target for the potential upcoming wave up. This is a key price for ZCash as it could indicate on the future trend. Only a break and close below the btc 0.018 could invalidate bullish outlook.
GBPJPY Potential Long SetupFX:GBPJPY
Buy Limit @150,800
sl: 150,200 (60pips)
tp: 152,600 (180pips)
1:3 risk:reward
Bitcoin: BTCUSD Next Buy Point: Folllow the ChartBitcoin Update Next Buy Point Follow the Chart
A reverse head and shoulders is forming with neckline at the
upper parallel. Next buy point comes only when neckline is crossed
on upside with stop 50 points lower - upside measurement implied
target is 8390 on any sustained break. The whole thing fails if
7717 - 7660 range also fails, for fall back to 7530, which must
hold today at all costs for bull case to stay good in near term.
So far this battle for the new high ground continues, the bulls
trying to grind down the bears at high altitude, and so far
they're....winning. The way this pattern develops determines
the day from here. It will likely take a while to play out yet -
we don't even need to second guess it here, really. It's tough
up here - that selling out of London first thing...was that
heavy weiight Goldman clients closing out longs from lower
down at the exact spot Jafari tagged at 8000 as the next high?
It was a big bad red candle, first for a long while...it's tough
up here.. .so we ait and simply react to the next signal. If it's
a break above the neckline we buy, as above. If it's a break
below 7660 we get stopped out for 130 points profit before
spreads. Not great, but...it's tough up here. If 7660 breaks it
means a test of 7530 - and if that should break it means the
damn thing has flipped right out of the freeezer again and
we're going to have to strart the chase all over again. Please no.
But it's Bitcoin. Anything can happen. (And If it does, we switch
back to shorting rallies back up the blue lines. Please no.
Like in Alien (new theme) we're watching a new life-form develop
on our screens in front of us. Intersting stuff, no? Please comment ffs!
Let the chart decide for us. And let the force be with you,
guide you, Luke. Trust the force!
EURUSD Corrective structure Another way I see it going will be in Idea updates! Thanks for looking! If your trade idea is similar post it in the comments, and I wish us luck!
QTUM Buy OpportunityGood chart from QTUM, when you look at the 4-hour chart, you slightly can see it finishes double top formation and bounces from the deepest point since July. DMI, MACD histogram and RSI index supports the upward movement. I think, first target is 0.00250 levels in 1 week.
kore buy signal Quick one here for ya
is over sold on most time frames but starting to gain strength and reset on the 30mins
ready to pop out wave 5 of a elliot set after completing waves 1-4
Buy under arround 17
Target 22-24
GBPNZD long2 target for you guys. if still move up can reach 3'rd target. no other than wait and see.
