BITCOIN Following Wall Street Cheat Sheet CYCLECheck the attached image (fifthperson.com), this is a possibility of how this BTC crash could continue, followed by a consolidation (capitulation) period.
As always Bitcoin could discredit this, however, it has followed this market cycle cheat sheet very closely thus far.
I am bearish for now.
Chart-analysis
Litecoin Entering $110-160 Buy Zone!
Litecoin has entered our buy zone!
After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go? Up or down?
Almost all signs indicate that we will go up from here:
1) MACD oversold
2) RSI oversold
3) Nearing 200MA
4) Nearing base of triangle
5) Nearing long trending support (green TL) which is currently intersecting with 200MA
6) Over an 80% correction from our highs.
Cast your buy ladders here over the next several days. Anywhere from $110 to $160 is a great zone to dollar cost average yourself in.
This is why we traders always try to have some cash on hand folks. The discount window is open. Now back your trucks up and get loading!
XRP/BTC, Whats Going On And How To Profit From This Situation.Hey Everyone!
I am Back with a Technical Analysis on XRP - Ripple as I hold some of it .
My last graph had some sucess, so here is another one, its actually about the same as TRX so wasnt so hard, but still its kinda different.
Today was a hard day for the cryptocurrency market, but no worries! Its just a great sale! For real, every January this market DIP happens :).
So I told myself, I will do an Analysis on what is actually going on, I hopefully made it simple so anyone can understand it, learn something and find a good position!
I really like thing that XRP is doing , I am definitely holding. It had huge breakout.. I had fallen from its ATH, but this is Actually really healthy! Almost perfect FIBB 61,8% retracement.
Back in the Chart.
We can see a Falling Wedge that has formed.
"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns."
So we Have 3 ways, 3 posibilities, 3 scenarios.
Green.
First of all the Positive one, I am way bullish on this one. Classic ABCDE Breakout, approx. 135%, XRP has a strong name and great usability..
Cyan.
The Boring One. It will just bounce from its support and form a channel. Can fall under support or break the channel resistance, but it will take some time, the breakout will happen for sure in some time.
Red.
The Nigtmare. Bad Volume . Big sell walls. Panic. We are Under the first support line. From there it will fall to second one, and stay in that channel for some time.. Could go down, Could go lower.. Very Unlikely to happen, I didnt really wanted to include this one but one never knows!
What more to say? Good Luck With Your Trading. Hope my analysis helped you a bit with your decision with XRP Ripple, consider leaving a Thumbs Up I really Aprreciate it :)
If you have any questions feel free to ask in comments bellow, I am answering to every one of them.
Thanks!
*Nothing Important If you are not from Slovakia or Czech republic*
In short if you are curios what I am talking about, I am doing PPT presentation for anyone interessted but for now, only in my Mother language.
For People In My Country -
Budem robit Powerpointovu prezentaciu o Kryptomenach v Bratislave vo februari nakolko ma par ludi kontaktovalo ci by som bol ochotný nieco takéto urobit.
Prezentácia bude obsahovat nasledujuce body -
Co je to Bitcoin, ako ho nakupit a ako s nim obchodovat a kde s ním obchodovat, a co su kryptomeny ako take.
Ako si zostavit vlastny graf.
Budem rozoberat rozne ukazovatele - RSI, FIBB, VOLUME, EMA, CANDLESTICKY, SUPPORT, RESSIST, TREND LINE a mnoho dalsich potrebných ukazovatelov.
Vyjadrim sa ku altcoinom do ktorych som ja investoval, co maju na plane a preco som si vybral prave ich.
Taktiez budem rozoberat kedy sa oplati investovat a kedy urcite nie, co sa deje ked mena dosiahne ATH, kedy uzavriet poziciu a podobne zalezitosti.. nakoniec este bude cas aj na nejake otazky ak budu..
Vítaní su aj ludia z Ciech ak by bol záujem.
Vstupne je 150 euro.
Myslim, ze tieto informacie maju aj vyssiu cenu, nakolko som tam nad premarnil neurekom bezsennych noci, citanim literatury pozeranim roznych videa a analytickych postupov po Anglicky.
V prípade záujmu píste sukromnu spravu tu na Tradingu.
Dakujem.
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start.
This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area.
The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
Syscoin The Hidden Gem 2018: HUGE OPPORTUNITY"The Most Undervalued Project in the Crypto World (Not for Long)"
"As compared to many other crypto projects, Syscoin with its $400 million market cap is incredibly undervalued as of today. Due to a long list of recent and upcoming events, such as the recent fund of 3.3 million dollars, Blockchain Foundry’s 2018 IPO, industry-shaking new innovations, breakthrough in transfer speeds, rebranding and marketing campaign; it is just a matter of months that this project gets incredible attention and catches up with most of the highly valued ones in the crypto space. Once this happens, a $10 billion market cap (25x projected price appreciation) will be just the beginning in the mid-term." by Steven Voros
Check him out:
medium.com
Other interesting contributions to Syscoin:
Syscoin -The Hidden Gem Of 2018
medium.com
Syscoin @syscoin Twitter
twitter.com
LTCUSD AnalysisCryptoPhiles!
Hope all is well,
After a massive run up stemming from an influx of volume on the 6th of November to a large spike on the 8th of December (a massive $56-$358) LTC is seeing a much needed pullback to $211 where it has found support. It may double bottom her considering the bearish run we're in, and price action is also looking for support on the 50day SMA. If price breaks the 50 day SMA we may see a further pullback to the 100 day SMA around the region of previous resistance ($149 which is close to the big even of $150).
However this would mean breaking out of the lower bollinger band which is unlikely.
I feel a pull back to the 50 day SMA and lower bollinger band is coming, and this would also be a fantastic buying opportunity - one I will consider myself. I would just air on the side of caution and wait to see price strength confirmation on the 50 day and even a MACD cross (12 day EMA crossing the 26 day EMA)
After finding this, with some nice volume it may test previous highs of $308 and $357 once more.
I know this isn't my usual style of analysis but sometimes straight and to the point is good too..
Please comment below your opinions I would love to hear yours!
Thanks
XRP/USD HODLIts the day before Christmas and a vast majority of people will be taking their profits over the festive period - This in turn creates great opportunites for the long term buyers to get in at just under $1 before things really start taking off next year. On the 4h timeframe we are looking at our next support level of 0.87 for our downside target and depending on how the market reacts when it comes to this point, will determine the future direction. For everyone that bought around 0.87 just hodl tight for a few months. We could be in for a bumpy ride!
trigger is getting ready for pump buy tg: 5000
sell
tg1: 6500
tg2: 8200
tg3: 8900
have luck
dont forget to like and comment
USD/JPY - Possible Bearish Leg Ahead?As we head towards the middle of December we see that the USD/JPY is experiencing possible trend exhaustion as the last 8 hours of Friday's markets ended with a strong bearish dip. Keeping a close eye on everything JPY at the minute as it seems like the pair is creating some extremely interesting volatility. My overall bias is for the USD to lose strength against its opposing currency and our first target is sitting at 112.018. Safe trading!
EUR/JPY - Potential Short Set-UpI've been keeping an extra close on this pair over the past two weeks (despite the general trend direction favouring the bullish price action for a year and a half) the 260pip consolidation period that we have been stuck in since the 18th September 2017 is showing signs of exhaustion on the H4 chart and we could be looking at a run of bearish price action as we head in to 2018. Safe trading!
Predictions for BTC/USDT Bittrex 2017/2018My predictions for BTC/USDT pair is that we will have a drop to old resistance at 4050. However, if we break that 4050 support, we are going back down to $3700, but I have confidence that that support at 4k is not going to break. After seeing a bit of a pullback to 4-4.2k, there will be another bull run, this time up to $5,000, most likely in November. Then from November 1st to Jan 1st, I believe we will see a slow rise from $5,000 to up to $6,500. After we reach that peak resistance in the new year, we will most likely double top, with the second top peaking around $6,300-$6,400, and then I believe we will see a pull back down to $5,000, which will be old resistance in the new year.
ANT May Be Closing In On LiftoffWhat I See
Looking at the chart, ANT seems like a good candidate for a rocketship in the near future. The coin recently tested its floor twice in quick succession, with the 382 fib line now having been breached. My main concern is that 200MA is still well above both 50 & 7 MA, but if we begin to see a pivot from from the 2 lower lines (edit: which you can juuuuussttt start to see the beginning of now), that could change in a hurry. Volume has also made its first uptick on this 4-hour timeline and if that trend get reinforced in the next block, we may just have something brewing.
My Play (#dyor!)
I currently hold about 300 shares and have a stoploss set to 37K. I do not trade with profit goals in mind as I prefer to let the charts show me when to exit the position. This is doubly easy in this case as Aragon seems like a great project so getting "stuck" hodling it while it sorts itself out wouldn't be the worst thing in the world, even for us daytraders.
What do you guys think? Buy Or Sell?
I'm still waiting for this BTC confirmation b4 I go long again!Be careful here folks. This could be a BTC headfake. I remain skeptical that the bulls are back in control until we cross above the TOP BLACK line of my long time BULL channel and open a new candle ABOVE this TL on the DAILY.
As of now, it looks to me like this could just be the first candle of a bear flag. If so, we would continue down below the $4000 support to hit our 50MA OR UPWARD ASCENDING BLUE TRENDLINE, whichever would come first at that point. I have my doubts that we'll go any lower than this. Currently the price of the 50MA sits at around $3850. The BLUE TL is higher (right now) at $3950. These two could intersect with our $4000 support at about the time BTC comes back down. If that happens there will be MASSIVE BUYING and we will blow right through the TOP BLACK TL and our current all time high of nearly $5000 to continue our upwards tragectory. I would update my charts again at that point.
My recommendation is not to buy nor sell at this point. If you do buy, realize it is a high risk trade as we have not properly developed solid confirmation and put in some tight STOPs.
If you're looking to buy, hold tight for confirmation OR a final drop to our supports: $4000, BLUE TL, or 50 MA. Buying here is too rich of a risk for my blood.
If you're looking to sell short, DON'T. Not here.
Best of luck my fellow crypto traders!
$STRAT TAKING A QUICK DIVE, THEN REBOUNDING RAPIDLY—GO LONG !$STRATUSD just released their roadmap for the remainder of 2017. After an astronomical bullish run, a correction was in order before the next wave. Prepare for $STRAT to return to a top-10 market cap coin as their platform is finalized and they increase their marketing efforts.
Bitcoin Bullish Channel Solid. Breakout to occur soon! Target 4kAs expected, our trendline held. We bounced:
Trendline continues to hold support. A good sign. Bullish pendant pattern forming. Also bullish.
Here's what I expect from Bitcoin according to our charts:
1) Break $2980 before Aug 1 and then come
back down and bounce off it and up after.
2) Bounce around in here for a few more days
before breaking up and out.
Either way, the 3-4 week target remains at the top of the GREEN channel.
Time to make some cash Bitcoin traders!
Little brother forming right now in ETH/USD?Looks like our second descending wedge in a row worked perfectly and NOW we may be seeing a third such pattern forming before our eyes. It is small and it is hard to see the details on the 15 minute chart, but I have some HELP for you.
Go to this video to see the details - www.youtube.com
I am considering doing some of these throughout the week as conditions warrant. Feel free to encourage me to keep up the work with tokens of your kindness...