Has LTC/BTC pair broken the ascending triangle, bullishly?So yesterday was a somewhat non event. A day of full consolidation and swings from profit takers and those getting into the space. The volume was not concerning and it can only go up from here.
From what I observe before going to bed, were a few coins that resisted the broad sell off we saw later in the day. The sell off was not huge but enough to reposition and take action in certain areas.
We all like crypos because of the volatility so you get what you ask for.
I have switched to trading pairs verses trading for USDs. I have added BCHUSD and LCC into my crypto portfolio. LCC had a great day % wise allowing me to sell some and keep the profits running.
So now, brief summary before getting into the chart.
Portfolio holdings:
LTCUSD = 39%
BTCUSD = 23%
BCHUSD = 20%
LCC = 11%
others and cash = 7%
So I'm in for the next bull run.
Now for the LTCBTC chart. We are looking at a 3 hour chart for a longer term outlook.
So the price was approaching my called "load it up zone"(area with many yellow dash horizontal lines.)
You can also see the ascending triangle coming down from recent highs.
I jumped the gun and filled up before i went to bed.
This morning, after the last low, it appears to raise and break above the top of the triangle.
There is resistance at .01975-ish so there could be a small consolidation and a possible trade as well.
I draw in some wave scenarios and a large area that needs to consolidate. There is a green box and red symmetric triangle. I don't know it these structure will form but there will be some sort of consolidation to strengthen the trend. If consolidation does not happen and the price moves quickly beyond; we must prepare for a pullback and use stop orders in case of a structure break.
Targets are on the chart.
Thank you for reading.
Please leave comments or questions about anything. Trolls are welcomed. I like helping people and love learning even more.
Coins
Is History Going To Repeat And Are Bullish BTC Analysts Wrong?Hi Followers,
A lot of analysts are becoming a little bit bullish and I can totally understand why. The 4 hour chart is starting to look good and if btc can hold these price levels we can expect btc to test the higher resistance area's like i described in my previous Idea.
However when i'm looking at the monthly LOG chart i can see that we actually didn't retrace that much compared to the correction of 13/14 (percentage wise). If you look at the red square you can see that bitcoin made a drop of almost 85% in 2013/14 and now we haven't even come close to a similar percentage.
If bitcoin would repeat history we could see levels between the 2000 dollar and 3500 dollar.
If you look at the candlesticks of 13/14 you can see that there was 1 big green candlestick , then one big red candle, then 1 small green candle and ultimately one big red candlestick .
The current candlesticks seem to be forming a smilar pattern; 1 big last green candlestick, 1 big red candle, 1 small green candlestick and.....
Will the next candlestick be big and red?
Let me clarify that I am not suggesting that the next candlestick will be big and red, i'm only pointing you to some similarities. My purpose is to provide you with extra information so that you can make an educated decision.
There are two differences between 13/14 and now that may suggest that BTC won't repeat the same price action as 13/14.
1) The adoption rate of blockchain/cryptocurrency is much higher.
2) If you observe the candlesticks you'll notice that the buying volume of the little green candlestick, after the first big red candlestick in 13/14 was smaller than the volume of that first big red candlestick. So you could say that the selling pressure was much bigger than the buying pressure. Today that's the other way around. If you look at the volume bars you'll see that the volume of the little green candlestick is higher than the volume bar of the big red candlestick. It's just a small detail but It could make all the difference.
Lets see what happens.
If you want to receive more ideas like these follow me and like my idea. If i get more than 10 likes i'll update this idea!.
Cheers
This is NOT advice. This is for information purposes only so trade on your own risk.
ADA 30% 5 Day plan Hey guys,
I thought I would share my plan for ADA for the next week.
We have seen a little double bottom after a quite a downward trend with the RSI now sitting nicely in the mid-range I thought it was worth a review. the MA are still yet to be stacked in the right order (yes I order mine as RGB) but I think by the end of today we will see that happen with the 100MA to follow suit. Once these are stacked and we see some divergence between those indicators I expect we should have a nice upward trend for a while. Bumps expected.
My targets are aligned with weekly pivot points, which also align with some significant historical PP as well. Once my final tgt is met, I will review my position for a longer-term commitment.
My aims are:
(assume all numbers are prefixed with 0.0000xxxx)
Buy in between 4250-4400 as long as the above criteria are met.
Initial Stop-loss @ 4000 adjusted once targets are met to value of previous target
Target One: 4750
Stop-Loss: 4400
Target Two: 5200
Stop-Loss: 4750
Target Three: 5500
Stop-Loss: 5200
25-50% Growth on AURBTCHey everyone,
Well I have been looking at opportunities as best I can in this wild west of a market at the moment. Tonight I stumbled across my next call which will be a long on Auroracoin for 25-50% growth.
Looking at the day charts this coin has shown some steady improvement since the start of the year after it has had a long slide to the down side for quite a long time. Consistent sells seem to have plagued it position but perhaps there is a shift to the up on the horizon. Since Decemeber it had a few bonkers spikes of 100%+ but that is not what I am interested in. Don't get me wrong I'll take that if it comes my way, but I am looking for something a little more steady in growth. Slow and steady as they say.
Consistent positive trends, along with a steady RSI showing nice consistent strength, and some clean divergence on my MA indicators makes me think this could be a nice clean ride to a 25-50% profit.
let me know your thought, and any alternatives...
Cheers,
Dave
More foundation for stability Well I was lured into a false sense of security yesterday by the so called pump and dumpers. Indeed it is happening again tonight as we see BTC settle down from its 25% loss today to hit even lower.
I have to say my initial thoughts were $7800 for a good support line. That was simply base on historical support points that I could identify, and honestly as things hit to the $8000 mark I thought I was pretty well on the money. prices stabilised but there we saw three sizable attempts to hit below that 8K mark.
Yesterday also saw a slight recovery, or so we would believe with another sudden drop... Again tonight we are looking at $6000 with a sudden 13% rise to $6800 before we saw resistance push the price back again. There has been a few attempts but there seems to be more push down than up. I am not at all suprised as I am sure most coiners at home are looking for the same thing as me. That bottom dollar as it were, the rebound, the reversal what ever you might like to call it.
Now I am new to this whole gig and learning as I go... one of the things I have learnt is patience pays... Yes there was a nice 13% rise in less than an hour, but like gravity these prices have an compounding affect. The faster that rise, the faster the fall.
So as we near the pre-spike prices of BTC we might now finally see some foundation upon which to build. My money is all out for the moment but my buy in will be in from mid 5's to low 6's when I see some more linear growth.
May the force be with us!
Keep an eye open for corridor of BCH
I see a bounce inside the corridor for BCH
Tho watch out for a break below this corridor and previous minimum
I have set my stop-loss some satoshis under the corridor limit - 0,16
Assuming that if it breaks from this limit, only 0,1390 is the next clear resistance
ETH/USD Early February 2018 Price Prediction: $2000 USD !!!I forecast the price of ETHUSD to reach around 2000 USD sometime in the beginning of February. This is based on the moving average line of 20-day periods and one 54% and three 66% growth boxes. This chart has daily candles and various channels and support lines overlain.
We expect to see continued Ethereum application development and blockchain adoption for the rest of the year, increased recent growth and development progress, and the fact that it seems to behave in an exponential fashion due to the nature of its spreading adoption in the blockchain community and worldwide. Who knows what will happen the rest of the year with Casper and scalability fixes (sharding, etc.).
Key: Plotted on a logarithmic y-axis scale. Dark red lines are approximate long term and shorter term support levels. Lighter blue line is the moving average overlay. Light green is the growth channel since November 2017.
Check my past price predictions for BTC and ETH. I have been correct with all of my ETH and BTC predictions so far and wrong with only LTC and BCH breakouts. I've added a few new tools to this than in my past ETH EOY analyses, and I am not sure if this will play out like I want it but still holding my ETH!
Good luck to all!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
TRX the Money Multiplier explained using MACD and ADXI bought in when released on Binance, and sold at 9 cents. Here I analyzed the trends to see potential indicators that could have increased my profits. Personally, I recommend buying now as we are at a new entry point and the wallet for this polished Company has yet to be released. The TRX wallet is still a beta java project that has to be built from source. However, it functions as promised.
Should hit ATH in 36h!Lucky me I bought that just a two days ago for 30 sats! I think this coin have potential and may hit 1000% from current price 70sats. Finishing ABCDE Elliott correction waves so should start rising soon. Keep eye on Bitcoin price because when it will start rise this coin may dump!
Very interesting coin, still under radar! Please DO YOUR OWN RESEARCH!
Trade with caution, this is just my point of view. If You agree and getting nice profit please contribute to my accounts for motivation!
Every contributor will get +3 karma points! :)
Ethereum Recovery on the way to $324Hey Everyone TGIF (Thank God It's Friday),
Different than stock market the Crypto market is 24/7 what gives you the option to choose when to trade and also more options that fit you.
Today as you can see in the Graph of the Ethereum it seems that now starts a small correction upside,
Targeting between 310-324 USD ( minimum rise by 14 USD.
New Corporate funds from the UK are expected to enter Ethereum Blockchain which provides two tiers more than Bitcoin.
Ethereum Still didn't achieve its potential.
$BURST / $BTC Bottoming ALT. Just had a bottoming breakout with a potential higher low. Looking for momentum.
The Force Is Strong Xxx Bitcoin 60 min . Bullish!Looking at the 60 min Chart. Over the last month....The Death Star has reported to display patience for BTC to make sure it holds support at the 200 day moving avg. Even if a higher price is obtained, we need to be absolutely sure the 200 day will hold. The trend line is still valid. Best of Luck. xxvaderxx
Cloak Cloak has some value with stops below the .80000 area, Its an old Anon coin trading low volume on Bittrex. Targeting .114000 then .137000 + if it can get some buyers and BTC doesn't pump