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CAT

Bitcoin Cash Dead Cat Bounce?Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $1,275, where BCH is currently hovering. Then we will need to best $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
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by quantguy
3
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
XLong
by Piptocurrency
CAT is a little loftyI believe this needs more time to digest the move. AA earnings this week tells us one thing for sure. There is a disconnect from actual demand versus expectations. BA took it on the chin for that reason. Now expectations are huge for CAT. I for one have watched the heavy equipment for sale on craigslist and others. I've never seen so much used equipment for sale. Does that mean everyone is going new? I don't know. RSI is above 80 on this hot stock. I'd be careful to the long side for the near term.
NYSE:CAT
by gumby9662c1
1
BTCUSD - Drop to 3k USD or bullish continuation?Hey everyone! This is my first analysis and I am very new to technical analysis, so 'bear' with me. Here is the daily chart, since the two are very much complementing each other: The chart is scaled logarithmically, since it gives a better picture of what happened in the past over the linear chart. What worries me the most are the insanely low support levels given by the ichimoku cloud. While we have never went down to ichimoku support levels, it would still allow a retracement to the September dip to 3k USD. We can see that past cycles of slow upwards movement to sharp dip were around 60 days long. We may have completed such a cycle with the current dip or we might see a larger super cycle forming that does not obey this pattern. The MACD is painting a grave picture and seems to point towards the latter scenario. However the MACD bounced right before crossover at the end of the November and September cycles. The ADX may be pointing downwards, but at levels above 40 is still indicating strong price movement. +DI is going down while -DI is going up. In the past they rarely crossed over, but instead bounced off each other. Let's hope this is the case. Let's look at the daily chart. We broke through the Ichimoku cloud. This has happened before, but not to such an extent. At best this gives us a resistance at 13-14k, at worst it may indicate a bearish downward reversal. The lower border of the Bollinger Band seems to give us room for further downward movement by parallelizing with the current developement. The MACD is pointing downwards to an extent we have not seen in the past year, eventhough it may be losing momentum. While Stoch RSI is already over bought and ready to bounce, the RSI still has some room for further downward movement. In the past, the price never seemed to bounce before the RSI dropped below 30. What is really worrying is the ADX indicating strong price action with the +DI far below the -DI and the two seemingly diverging even further from each other. Fundamentals: We have seen some heavy FUD. I suspect the expiration of futures contracts are to blame for this. Some powerful entities have made a lot of money with this dip and the FUD from the political side came just in time for that. Call me paranoid, but I smell market manipulation. Alas there is a new stack of future contracts expiring on the 26th of January. Look out for further FUD in the next week and be ready to go short. Summary: Our indicators are giving off very mixed signals, bears seem to be taking control though. If this was any other coin, I would go short. With BTCUSD however, we have seen this pattern at the end of every 60 day cycle which gives me some hope. I will hold for now. We can't be sure that the current dip merely marks the end of another 60 day cycle. It may well mark the end of a super cycle. Especially the MACD of the weekly seems to suggest the latter. If I should take a wild guess, I would assume a dead cat bounce to 14k in the coming week and a sharp drop to much lower levels of 8k, at worst 3-4k towards Jan 26. With more future contracts expiring we might also see a salami crash to 3k USD within the coming months. The underlying motor will possibly be both Political FUD and the public's realization that BTC is not a feasible payment option. Please excuse the poor choice of colors. I am severely color blind. Also remember that I am a total noob when it comes to technical analysis and speculation in general. I have made some excellent calls on shit coin price action, but BTC is a tough one.
COINBASE:BTCUSDShort
by knowhatamine
amateur HodlerGreetings all, To hodl or not to hodl? I'm a demo forex trader and I currently hodl some btc and a few altcoins, I don't particularly trade cryptos, but I try my best to read up on sentiment and fundamentals behind the coins to help me sell high to buy back in low, or buy low and sell high. I was looking at the chart and trying to figure out where I stand with the current BTC situation, as far as I can see on the chart, Hodling is best for now? how can my analysis of this chart be improved? many thanks in advance!
COINBASE:BTCUSD
by Aventien_Gilga