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PIVX/BTC: New 300k Bull Run Support 7/77/343Overview: Using the setup and analysis (detailed below) we are projecting a continued bullrun with support towards 300k sats, with a new trading channel between 130k sats and 170k sats (the .618 and .382 Fib). The 7hr average is currently on an explosive upwards trend as it has punched past the downwards (orange line) BTC compression and the 77/343 averages, with increased trading volumes assiting the rise. CURRENT SETUP & EXPLINATION OF SIMPLIFIED CHART I use a 7/77/343 hour of trends (7-white, 77- purple, 343 - white cloud). Snapshots for Setup: 1) 7/77/343 Intersections First intersection: 4/22/2017 172k sats -0.25% Second intersection: 7/28/2017 75k sats -0.25% Third intersection: 10/8/2017 75k sats -0.25% 2) Line Setups - Upwards Trends (green lines): Using the intersections from above, plotting the first upwards trendline (from 1st intersection to the peak ATH), duplicating these lines through the other two intersections - Downwards BTC compression (Orange line). From the top of the ATH down through last crossing of 7/343/7. 3) FIB setup and support - From first junction to ATH, we see that PIVX rose to around 170ks (1), then corrected to .786, before fnally settling into a trading channel between .618 and .382 (green lines). Support for this period was consistent at the .236 (blue bottom line). We drew a blue dotted horizontal line to demark the prior ATH, and a red dotted line at the top (1.618) line. This is (interestingly) come into play in a few more snapshots :) 4) Intersection Trendlines (Purple) - Using the prior ATH and tracing a downwards line from this peak through the next intesection of 7/77/343 (Purple line, and then duplicating this line placing the same slope through the NEXT 7/77/343 intersection, we can (interestingly) see this intersects...almost exactly at the 1.618 fib line from above and the upwards green trend line from the nexus seperation. Highlighted with circle. Also notice the second upwards green line intersects this upwards purple line and prior ATH. This indicates a potential level of resistance, but if passed, will indicate a level of future support. 5) New ATH and trading channel - Fib from current position to the top (prior 1.618 line), we see a new ATH around 275-300k sats, with a new .618 line close to the prior ATH of 170k sats, a new trading channel between the .618 and .382 at 170k sats and 130k sats, and a new baseline .236 support around 90k-100k sats
Long
by SnappySnap
4
aud usd analysis before the news Good morning everyone I will be going through at least ten pairs today giving you my thoughts and analysis and why I feel the way I do on each analysis. Today looked at Aud usd from a friend of mine who pointed this one out. I can see this market going back into where the buyers were first dominant plus I like to buy stuff cheaper than retail price: so my if then statement is such: if this market continues downward and pushes to the level I suggested where buyers are dominant and if the market reverses in that area showing me through price action, candles and other tools then I will be buying into this market , which I will post for everyone here. We do have news which can be a factor and can exaggerate the market so if positive this market may perhaps sky rocket to tp or if negative push a touch further down to that double bottom area on the left. Overall once this market hits my alarm for the area if it goes into then we will check back on it and see from their your friend Kris www.mymentortv.com
Long
by mymentortv
Dash: Gearing Up for Another Burst? In my experience, DASH serves as a leading indicator of altcoin markets generally. The reason for this, I believe, is that DASH has cultivated a solid community of interested participants, and the DASH team provides educational content. Dash is popular for being easy for the end-user both to understand and to use, and this is a challenge that many coins have not yet risen to meet. This is my theory for why Dash serves as a leading indicator of the larger altcoin market. A strongly supportive and relatively well-informed following will anticipate general and substantial market moves in a more timely manner than those without access to technologically and economically substantive, uniform content. Keep in mind that this only a theory, but if you bought some DASH a while back and held it, you're making that exponential money. This chart features lots of subjective Elliott Wave projections that are necessarily speculative and designed to show you different possibilities of wave formations and trajectories based on prior history. Note the pattern of higher highs, higher lows, and then lower lows. Hmmm... If that pattern is salient and reliable, might we expect the formation of higher highs after a significant lower low? Look at where the market is right now. Happy Hunting Everyone.
Long
by Piptocurrency
1
STEEM touching the trend line - Reversal? There might be a chance to enter a long trade here but first let's examine the 4H chart a little bit. We can see an unperfect possibility of the Head And Shoulders formation which is coming to an end near the trend line. This is in correlation with the Fibbonacci level . Inside the right 'shoulder' we can see an inperfect descending wedge. Bulls and Bears are in war here and there is no clear evidence about the next move of the market (sounds funny:) We should consider a few things here : 1) We are touching a trend line - possible strong reversal. For that we need bounc of RSI from the oversold area supported by volume. I suggest validation of the changed trend by setting a pending order above 0.00042. We want to see nice strong green candles in the new direction. Otherwise it can be only a local swing and down. 2) Head And Shoulders is a bearish sign and quite reliable. Here an imperfect version. 3) STEEM community is growing very fast. The platform itself is an awesome social media on a blockchain where authors are payed by upvoting. One actualy working aplication among many un-human IT projects. Core members and active users of the product 'never' sell. We will keep an eye on that. Stay posted. Good luck and peace!
Long
by AwesomeTrade
2