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Christmas

Year end rally repeating?Good day folks, Pretty simple setup, VXX made a double-top. The second one was a head and shoulders that seems to be completed (see my previous chart for more info). I’m not a big fan of shorting volatility as I feel it brings bad karma lol. Being long the indexes is basically the same for those who also feel the same. I put 2 targets as we cannot know yet if the neckline of the double-top will hold or not. And it could also rebound for a few days. Target 1 at neckline or 32.00 (cash and wait); Target 2 at support or 26.00. If this pattern works out, the indexes are in for some serious gains. Have a nice weekend,
CBOE:VXXShort
by tipere445
2
Bitcoin's path to the $7450 major resistanceBitcoin (Bitfinex) found a little bit of momentum, forming higher lows and higher highs within an ascending channel on the 4H chart since 31 October. BTCUSD did fall out of the channel this morning and is currently within a small descending broadening wedge, however, StochRSI is oversold and RSI is fast approaching oversold on the 4H so I don't suspect a drop lower than $6360 before the momentum starts picking up again for a bullish break out of the broadening wedge towards our first target at $6600 to see if BTCUSD can stay within the ascending channel. If the move takes place with strong volume and enough conviction from the bulls, then the next target will be a move up to the top of the channel and 0.38 fib resistance at $6832. This move may lack the volume to stay inside the channel, however, since oscillators are heading towards overbought territory on the 1D chart, so there may be a slight correction back to the larger uptrend support before resuming an upwards move back towards the channel at $6832 and 0.382 fib resistance. Once $6832 has been successfully tested as support, next target is $7015 at 0.5 fib and then $7197 resistance at 0.618 fib. Once $7197 has been cleared as support then BTCUSD should reach the $7457 major resistance at 0.786 fib. Price should then either break out of the channel to the upside for a December Christmas rally towards $8500, or the $7450 resistance may prove to be too strong with low volume, in either case there should be a retreat back towards the larger uptrend support around $6660 at the end of December. 29 December 2018 is decision day for the Van Eck ETF but the SEC may defer the decision one last time to 29 February 2019, in which case I expect the price to fall below the larger uptrend support for a retest of the 2018 annual lows. If the Van Eck ETF does get approved, this may be the catalyst for the bull run starting in Q1 2019. If the ETF is rejected on 29 December, there may be bearish capitulation in January and the bull market may only potentially begin in Q2 if there is ETF approval on 29 February 2019. If the ETF is rejected on 29 February 2019 then we may be in for an extended bear market until the market finds a catalyst to attract new investors, however, Van Eck seem confident that they should receive approval with all the recent institutional developments in the space and mitigation of prior concerns so let's see. Good luck and happy trading! Previous chart:
BITFINEX:BTCUSDLong
by Corn_Reaper
1
BITCOIN FOR CHRISTMAS! BITCOIN EXPLOSION DECEMBER 2018!Early prediction for Christmas!!! OH OH OH! Is santa giving presents to good people that waited and didn't mess around with alts, pump and dumps, bitmex and ICOs for fast profits???? I guess only who has Bitcoin will know. Check down the technical analysis below HO HO! Only after 17TH of december we will know oh oh! In the logarithmic scale we are still inside the descending traingle. If we continue in the same historic path of this year of tops and bottoms, now with low volume , we can assume that the fibonacci levels will be respected like before. As we approach the 100 weekly moving average the tension will replace the sideways movement with chopiness and volatility of uncertainty. If the prices continues sideways, its only after the 17th of December that we will probably clash with the 100 weekly moving average and decide where to go. If the 100 weekly MA supports strongly with volume and momentum up, after crossing the 6800 we can be bullish . Assume also that the opposite can occur down the 5800. Only make decisions if the trend gets strong. Otherwise it can trap you on the wrong decision! Critical resistance and support levels are the infamous 800's!!! There is always more probability of bullish movement in any market and also depends if you believe or not in Bitcoin . Check where the smart money is going!! Have a Merry Christmas!
COINBASE:BTCUSD
by rtugui
1
Bitcoin: BTCUSD Money/Bitcoin Never SleepsBitcoin: BTCUSD A great break, right off the lower parallel around the first hour or so of trading in China overnight. Bitcoin was forced back to support at 13730 by 20.15 EST during the first hour of trading before rallying powerfully, in a straight line all the way to the upside target at 15509 - making a high at 15585 before beginning to consolidate. So even on Christmas day Bitcoin yielded at least 800 points of profit and potentially up to 1600 if around to pick up longs as support at 13740 was retested and held up well when China opened for business. What other instrument pays out like a cash machine on Christmas day? ONLY Bitcoin. One on its own. The 'special'one. Now it's making what apears to be, so far, a tiny flag formation...it either slowly rinses off back to 14648 where it's a buy with stops 50 to 10 lower - or it's so strong now that we have already seen the second strike on the lower parallel (see chart) and the next move will be up from here...would prefer the former, where it comes back to test the lower parallel of flag again quite slowly and making a continuation pattern in process - can be bought by day traders if it does this with stops under the lower parallel and can be bought again by swing traders if it slowly unwinds over the next few hours back to 14648 and keeps within the parallels as it does so. Otherwise, if this little flag has already seen its second strike on the lower parallel that contains it now and can hold out off the lower parallel of the flag it will show that Bitcoin is still strong, with buying intent still present...it can then rise back to retest the upper parallel of the flag and can be followed higher once we see the break...could well rise to 15509 again and then come back to retest the upper parallel from above, once broken - and it could also give us a clean break, as we saw overnight in China...ideally we want to see some solid green candles emerging from the upper parallel (can trade this by committing half stake on the initial break and keeping the other half dry in case of retest or just wait for the retest, which might not come, as last night. But there is key resistance not far above the upper parallel - fairly minor resistance at 15509-15585 first and then the last really significant resistance between here and the highs, at 15814 - this level keeps coming up in dispatches and extends to 15860. Pretty much everything now depends on this key defensive barrier erected by bears over the last few days.Bitcoin has to find the buying impetus to break above 15860 and to hold uo there on a retest from above, once broken. In one bound, Bitcoin would be free and should begin to surge higher if we see this kind of price action develop later - it should rise to 17908 and then to 19009, with. the blue lines on the chart being the likeliest points at which to expect a small counter-reaction. So swing traders can either buy on the first break of the upper parallel of the flag or wait/increase only once 15860 has been broken and survivied a retest. On downside, the lower parallel of the flag/continuation pattern must hold up today on retests, and at all costs 14648 must do so for Bitcoin to remain underlying positive. Any failure at 14648 would therefore tip Bitcoin back into bear territory, creating a sell off back to 14000 at least - and if this should fail to hold, back to 13456 again .
BITSTAMP:BTCUSDLong
by sumastardon
3
ETHUSD dip before big push, $1k Christmas??ETH still needs a little more recovery from the last big push. I think we will see it come back down closer to the 1st support line (~720-730) for a short period (few days) before we start seeing the climb to the mid to upper 900s and 1k target. The longer intervals are still showing MACD, STOCH, and RSI recovering and still showing negative divergence. On Christmas I am expecting the next big move from ETH and we will see 1k be tested on Christmas or very shortly after.
COINBASE:ETHUSDLong
by lamppole
90K dias 25/12, ultimas 8 previsões acertadas com 96% precisãoOla amigo, com as últimas analises dos gráficos de Bitcoin com queda e retomada, conseguimos prever 8 tendências com precisão de horário e valores negociados a um nivel de 96% de acerto, basta acessar minhas publicações e conferir as evoluções. Esta última análise é precisa e minuciosa, sendo o melhor cenário possível, onde acreditamos ser a máxima! A minima seria 70K com variação de picos de 10% acima e abaixo até atingir os 90k.
BShort
by Filzek
4
BTC going to NEW HIGHS!?!?! Christmas Surprise!!! Looking at my chart...I have noticed that the Volume of NEWBIES to the Crypto-Space has increased EXPONENTIALLY in the last two months of 2017! What does that mean? Well, I think the Chart above should be self-explanatory...NEW HIGHS are heading our way!!! So far, it appears, "if I am correct," and that's a big if...looks like Cryptos really love the "Elliot Wave," Market Structure, which is often followed by an A,B,C retracement pattern. In fact, if you go from the 1 Day Chart; listed above, I do believe that the Elliot Wave will continue/repeat itself, again and again. We may even be able to overlay a larger Elliot Wave on top of the previous two waves which really opens up the horizon on just how BIG this Crypto coaster can be...in other words flash crashes "Waterfall," events maybe a regular occurrence with all Cryptos? (BTC being the Cannery in the Coal Mine)! I am going to stick my neck out there and see if this chart of mine can really hold up. Now some of my dates may be off and my target price ranges may also be slightly off as I am using my best educated guess as to where these "Market Structures," could go...lets test this out and see how it goes! I don't mind being wrong...sometimes its the only way to see if you are right. We can't be afraid to fall of the horse from time to time. Merry Christmas! Happy NEW Crypto Coin Year...to NEW HIGHS, and HIGHER LOWS!!!
BITSTAMP:BTCUSDLong
by iknoxred2012
IOTA Price Jump for Christmas! Similar to the Price Projection that I posted earlier today for LTC; we can see a similar Market Structure finishing and a New Market Structure forming Up! It looks like an "Elliot Wave," with an A,B,C Retracement pattern; following. Funny how all of the Crypto Coins/Tokens tend to follow the same trend pattern(s)?!? Could be a representation of the FREE MARKET finally flexing its muscles due to a lack of controls/Regulations from big financial firms/Governments; i,e, No manipulations from derivatives, futures markets, or etfs. This is my best educated guess as to where this market may go. (Sometimes you just gotta stick your neck out there to see if your right or not). If I am wrong then we are left with the CORRECT MARKET STRUCTURE; everybody Wins! I do believe IOTA is heading skyward!!! Merry Christmas! ; )
BITFINEX:IOTUSDLong
by iknoxred2012
LTC on the UP SIDE!!! YEAH! Waterfall Recovery...Looks like LTC is recovering nicely from a WATERFALL movement, last night...(12-21-2017) phew! Almost back up to $300 price range, things are gearing up again for a POP to the UP Side! (Finally)! Buying in on LTC at prices below $260 was difficult due to excessive trade volumes bottlenecking the Crypto-Exchanges. For example many already know that "CoinBase," was overwhelmed with trading that it temporarily halted trading?!?! That tells us that if these bottleneck issue can/could be resolved then the prices more most Cryptos would already have reached well beyond what most would consider "reasonable,"i.e. the MOON?! Cross your fingers and Make a Christmas Wish!!! LTC all the WAY!!! ; )
COINBASE:LTCUSDLong
by iknoxred2012
6
Rare tree pattern @ EURNZD with awesome risk/enjoy ratio!2017 was an exciting year. In January, I've started demo and paper trading, now in November, I've started a small live account and -- unbelievably -- I'm not doomed yet but doing good. Small draw down two weeks ago (what a shitty week!). I've took a deep breath and traded through this. This week started bad again with 20% win rate. But it turned on Wednesday and since today I'm back in profit for this month. It was hard work to learn all that stuff and to master my psychology. And surly it's still a long way to go to become a successful part-time trader. Then I've had the greatest opportunity this year: 5 days trading mastery course held by @Jason_Stapleton, packed with so much stuff. This again pushed me unbelievably far! Thanks again man for this opportunity and sharing all that knowledge. With this said: I wish all of you a Merry Christmas and a Happy New Year. May 2018 be successful and profitable for all of us. So, for the pattern we have the following setup: Entry: 24-Dec-2017 SL: If action exceeds 26-Dec-2017, close your position -- Christmas setup is no longer valid. Target: Family, friends, good food, playing w/ my daughter, talking, laughing, fun, gifts, … Just Christmas. :-) Alex
by xela75