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BTC UPDATE: CONFLUENCE ZONEGood Morning All and Welcome! Leave a like and comment! Follow me if you enjoy these updates! The rise in price yesterday has left us with a down sloping consolidation leading to an important level. The price has not gone below the previous high of $10,120 and is being held up at the moment by the support of the rising purple channel. Price is now back testing the descending channel as well from the 11k mark. Higher lows on the MACD suggest the last point of support is in, with the reversal underway. The breakup target would be at the top of this rising purple channel. A breakdown however will bring price back to the $9,750 range. Remember that even though we have the signals for a continued move up, it still might not happen! Do your own research and always make an informed and well educated decision before entering in the markets! Thank you all for taking the time to check out my analysis! Feel free to contact me in regards to anything you would like to take a look at!
COINBASE:BTCUSD
by YEHOK
XRP UPDATE: PRECARIOUS PRICEGood morning all! If we simplify our charts we can visualize the down sloping channel that has formed after reaching the $0.325 top. Price has been grinding along the upper line like BTC was doing right before it quickly dropped to $9,500. We are on top of support but underneath the rising white channel. Price is stuck in-between two important areas and should be waited on for further conviction. Downside targets are back to the midline of the falling yellow channel around $0.27 while upside targets are at the upper line of the white channel near $0.31. In this type of situation it is not clear as to what should be expected. The larger time frame pattern is the stronger one that will hold more precedence on the next move. With that being said it is more likely we see the upper target rather than the lower one. Wait for confirmations and forget about being right! The falling triangle does not make fore a case on a long entry at this exact moment! Wait for the move to happen and play the reaction rally. As always this is only my opinion!
COINBASE:XRPUSD
by YEHOK
1
BTC INSIGHT: MOVING AVERAGESHello all! Thank you for checking out my post! Leave a comment bellow! I decided to show the BTC chart without the noisy price action. When we just focus on the short, intermediate and long term moving averages, it becomes quite clear as to where the expected buy and sell pressure will be waiting. The colored numbers represent these exponential moving averages' time periods. Depending on which time scale chart you are in, the number will represent a different length of time. For example here on the 1W chart, the 13 EMA represents the moving average over the last 13 weeks. The 200 W moving average - nearly a 4 year moving average - is arguably the most important aspect with investing. When these averages go above or under one another, the trend changes. When the short term EMAs cross below the long term one, it is appropriately called a death cross. When the opposite happens, and the short term moving average crosses above the long term one, it is known as the golden cross. It is important to watch the interaction of the shortest time frames as they show the most likely top at the end of a major cycle. The gap between the 13 and 21 EMAs between the 55 EMA will stretch when price is getting too high or too low as marked by the purple arrows. During the bull cycle the 13 EMA never went below the 21 seen here by these white arrows marking price points. During the bear market the price was kept down by the same EMA of 21 W and never got above. As it turns out, the best place to buy, is as close to the 200 W as possible. This is where we have seen BTC's price stretch far below the 55 W and offered us the lowest entry. We would now be expecting the 13 W to hold above the 21 W until we see the top signal gap of the discussed EMAs or price simplly breaks down!
BNC:BLXLong
by YEHOK
XRP UPDATE: IN DEPTH LOOK AT PRICE ACTION!This analysis is more of a breakdown of the price action and how it unfolds. I also show here the importance of waiting for signals and all the ingredients that make for a strong case when proposing an entry. Remember that trading assets is not about being right about the setup, but to find an edge that allows you to play the odds in your favor, and to make profit of course. The first thing would be to determine the exit target and criteria for stop loss. The second thing is to determine your entry parameters. You should have a list of things to search for and check them off. Price action pattern in your favor ( up sloping, down sloping, wedge, triangle, flag, etc. )? Is volume having conviction on the move? Are multiple oscillator indicators diverging in your favor on multiple time frames (RSI, MACD, etc) ? Is the candle over support or under resistance? Fibonacci levels? All these things together give us an idea of what people are thinking/doing in the market. The last thing to do is trail the stop loss to lock in profits!
COINBASE:XRPUSD
by YEHOK
BTC UPDATE: THIS IS ONLY THE START!Hello All and welcome! Leave a like and comment! Follow me if you enjoy these updates! Please reference my last 2 posts on BTC before reading this one! BTC never went back under the 0.786 level from the previous analysis. We waited for a better entry level down at the $9,500 level but never got it. Throughout the day we had a consolidation pattern that "should" have broken to the downside but our MACD oscillator gave us a clue as to why that wouldn't happen. Instead of negative momentum to begin again after cooling down from the previous drop, we saw positive momentum shift the trend, breaking the pendant to the upside exactly to the 0.5 fib level. price bullishly consolidated over the potential bear flag and broke up to the 0.5 level again to break it. Now we are bullishly consolidating again, and this time over a descending channel that broke down from $11,000 range. If the daily candle ends up looking like this one seen right before this rise up until $12,400, we should start to see something resembling a new rising channel formation to the ultimate target of $11,700! We can see on the RSI 1D chart that there is a bullish divergence bounce from the same level while sustaining lower prices. Let me know what you think will happen with BTC! This is only my opinion! This is not financial advice!
COINBASE:BTCUSD
by YEHOK
XRP UPDATE: BULLISH SIGNALS!Good morning all! Leave a like and comment! Last night we saw XRP give us a local top point as we feared might happen, and a deep correction took place taking out 2 previous highs. We need to hold this level here if price is to follow through to the upside. It was contemplated that a descending channel could be forming after the move to the upside - bullish consolidation, a must have for healthy growth - however it broke down below the support momentarily. Price has now made our lower low with bullish divergences on the 1H chart with MACD and volume. In congruence with BTC price action I believe we should be expecting a price move to the upside to follow.
COINBASE:XRPUSD
by YEHOK
BTC UPDTE: BIGGER MOVE COMING!Good Morning all! Leave a like and comment! The move we saw last night was not the big move that BTC is getting ready for. This is normal market movement in preparation for such an event. The lowest point we saw was $100 under the 0.786 target we discussed in the previous post. After a "major" move to the downside we should expect a reaction rally to the upside and have a trading range established - which we did at the 0.618 under $9,950 - and a secondary test of the low point. We should wait and see how price is reacting now over the channel's mid line support and 0.786 level. Ideally, we would like to see a lower low point in price with less volume, and less negative momentum on the MACD to confirm the reversal. This is perhaps the most critical moment now for BTC. It is not a coincidence that we are approaching the 21W EMA at the base of this descending channel at $9,300! If price descends to this level and breaks below then BTC will most likely enter a new aggressive bear market. This is not the awaited fate however as BTC will most likely break to the upside of this channel and begin a powerful rise up.
COINBASE:BTCUSD
by YEHOK
LTC: NOT FOR THE FAINT OF HEART! The past few weeks might have presented the only chances left to enter into the ALT coins before a major retrace back up to resistance levels. If you take a moment to analyze each move, there have been some major spikes up throughout the years - with equally impressive drops. The 94% crash might have just been a major correction back to fair value until an increased user base and real world aplication could be established, allowing for sustainable growth. However focusing only on the charts we see price bouncing off a major support area and should expect a retrace back up. Each time LTC has a violent drop of 50% or more, there has been a major recovery. I have presented here a layout of possible moves by the end of the year. If BTC breaks up to $20,000 as expected, LTC could be reaching $240. The resistance of course is the previous high of $144. If LTC struggles at the major EMAs of the 1W chart we could begin to see a breakdown to the $40 range! The first thing we need to see if LTC breaking $100! The upper range of a parabolic rise could bring LTC to the limits of $500-$800! Let me know what you think! This is only my opinion! I am not a financial advisor!
COINBASE:LTCUSDLong
by YEHOK
BTC UPDATE: DOUBLE BOTTOM?!Good morning all.Thank you for checking out my analysis! Leave a like and follow me if you enjoy free T.A and current price updates! Last night BTC broke down from the triangle and reached the measured move to the $10,070 level we were considering as the next long entry. With buy interest waiting at this level there was a nice bounce back to the triangle but not enough momentum to push back into it. The price action here is only to be considered a double bottom once we break the previous high of $10,357. It should be expected that price attempts to break these upper levels after being held up at such previous lows.
COINBASE:BTCUSD
by YEHOK
LTC UPDATE: NEUTRAL CONSOLIDATIONAfter hitting the $77.00 target LTC is struggling to get above. It seems price is printing a symmetrical triangle/ pendant formation just under resistance and over support. Last night there was a measure move off the rising wedge and failed to break to lower targets. Currently we should expect a break to the upside of this triangle due to the bullish divergence on the 15 minute chart and falling channel leading to the apex. Remember nothing is set in stone and possible break down targets reach $72.00. The upper target is just under $80. Let me know what you think! What chart would you like to take a look at?
COINBASE:LTCUSD
by YEHOK
3
XRP UPDATE: FEAR GREED!Good morning all. XRP is up nearly another 12% after the re-entry opportunity given at the base of the bull flag after yesterday's vigorous move to the upside. Price traded sideways along the 1.272 Fib extension before taking out the previous high and is now attempting what possibly could be its last rise in this movie. The 1H chart showed us less positive momentum on the last rise and is now showing us a higher high with no positive momentum at all. Volume is consistently diverging bearishly and the 2.618 level coincides with the rising channel upper line. Will we see price break above this channel or will the bearish divergence be enough to kick start a pullback? Downside target would be $0.28 with the upper area of interest being over $0.34. Leave a like, comment and follow if you enjoy these updates! Feel Free to message me about anything!
COINBASE:XRPUSD
by YEHOK
BTC UPDATE: SHOWING WEAKNESSHello all. Today's sideways movement for BTC allowed for the ALT coins to finally make a break for it! This might be coming to a swift halt/end now as BTC slowly grinds up, and now back tests the rising support line as resistance. Rising consolidation is a clue for continued movement down, along side with rejection at a support. It is expected that we see a secondary test of the previous low near $10,070 . We should wait to see how this level reacts and if buy interest comes in. A false breakout like that in LTC's surprising event could get us back to the midline of the channel or even to the upper line. Will BTC break back up into the rising channel or re-test the 10k mark!? Leave your opinion in t he comments below!
COINBASE:BTCUSD
by YEHOK
2
LTC GOING TO $77.00 ?!Good morning all. I have placed my thoughts on this situation for litecoin here. Being that alt coin season might be starting soon - I mentioned reasons why in a previous post - we could be seeing LTC break to the upper line of this rising broadening wedge and even break it to the upside all together! we had a false breakout of this pattern with a rise in positive volume and momentum. A flag is being printing just between two very important resistance lines which in theory should act as a major support. I would like to have seen this flag forming over the purple resistance of $73.24 however we did dip into the zone briefly.
COINBASE:LTCUSD
by YEHOK
2
BTCEUR, The damn triangle! We are at the end of the triangle. Soon we will be able to attend either a big bullish or a super bearish. I believe more in a rising phase if the dynamic support traced by the side of the triangle will stand. Bitcoin and technology are becoming increasingly popular and bitcoin mining costs and related industrial activities are in full expansion. Let's see if it reaches the 10k again and see how this new phase will end. It is short. #surfthetrend #trendsurfer #coinbasepro #btceur
by gabrielestampa
Higher Lows for Bitcoin, Can we Make Higher Highs? Good Evening Traders, Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59 for a higher high to follow the potential higher low at $9,766.52. I would definitely keep a tight eye on this weekly if I were looking to make any moves on Bitcoin. Feel free to compare this to a more zoomed in POV of Bitcoin on the hourly chart, along with some of my technical analysis here . Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
Bitcoin Bulls Fighting Strong, Building New Support.Good evening traders Bitcoin has had another eventful night. It seemed bleak just for a moment when it briefly appeared bitcoin would not hold support, but a new support POC has formed on the 4 hour at $10,520 since my first post on Bitcoin, linked here . The support seems to be holding for the time being, and it appears that the bulls are holding off the bears well. With just a couple supports away from some more big green candles, and all the "hype" behind bitcoin right now, a big jump would be anything but unexpected. If things do go in the other direction, however, supports mentioned in the first article at $10,400, and then at $10,115 remain as such. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
BTCEUR, Coinbase Pro, Buy/Exit Strategy, 3 Days previsionIn my analysis, the downward trend continues. The second triangle in yellow is the most recent. If we are lucky in case of descent from the current value we can choose to enter. To buy (To enter, wait for the dynamic support to be checked) - Il valore minimo di rimbalzo (per acquistare) è di 8389 Euro +/- If we have successfully entered, then we can wait for the verification of dynamic resistance at 8886 euros. +/- Take Profit (+/- 5 or 6%) - If resistance is exceeded and it becomes new support you can sell or maintain the position for subsequent analysis. I'm back from my break! Are we starting to surf the trend again? #surfthetrend #trendsurfer
by gabrielestampa