Crypotrading
Chainlink ready to retest the $1.95 support area? Chainlink, a highly correlated coin with Bitcoin in the past 18 months and one of the best performers in 2019.
However, are we going to see continuation of that or are we topped out for now?
Price rejected at the $2,33-2,35 resistance here, which could mean that we’re going to see some retests.
I’d be expecting this downfall to occur if Bitcoin can’t keep on pacing upwards. Crucial for Bitcoin is a similar breakout to the upside in the next 24-48hours.
Rejection and a lower high here and I’m aiming for $1,95 and $1,60-1,70 as potential long entries.
If we break $2,33 and I’m going to play the retest towards $2,80.
IOST buying opportunityIOST is in consolidation since last 40 days. Breakout of 85 is buying opportunity. Targets are in chart.
Holders can buy at below entries.
Entry 1: 75
Entry 2: 67
BCHUSD SHORTFor bigger percentage gains I would play around with this. I am actually short since last night on both LTCUSD and BCHUSD. Not sure if I posted them but you may still be able to get in with relatively low risk. We are just waiting for Bitcoin to have its final dump to the low 7300 area and then we can re-evaluate the dominance and take it from there.
God Speed,
Mr. Manbearpig
Weekly Momentum On Major Pairs (Week40/2019)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bearish
Gold & Silver: Very Bearish
XXX/JPY: Mixed/Slight Bearish
Stock Indexes: Bearish
BitCoin: Very Bearish
Summary: USD is making a come back.
Week 40 (28 Sept 2019)
where is bitcoin goinig?!?!We are all waiting for the climb but what is really going to happen ???
Bitcoin is in good shape right now but all traders are hoping for bktt.
But bitcoin is stuck in a few triangles and patterns.
With the trend right now, it seems we have to wait for a downturn or price drop to the 8900$ limit.
We come together here to help make progress,enjoy your positive and negative comments and learn from you
cup an handle good morning to you all hope you all are doing well. This drop has formed the handle to the cup. this is bullish for the short term as long as we don't sink any lower then 9820 or 9800 this move will be valid if we move be low those point then we can see moves back down to 9500 possibly 9000 an 8500 gap boys lol we are also in a huge triangle going back to our yearly high 13.5k that apex doesnt come to tell end of oct an could not close a 1 to 4 hour candle under 9400 that would break the overall formation if you do notice their are about 3 candles that did close below that support but ran right back above it if we can hold above that then i can really see us taking btc to new highs
Litecoin to $185? Here's How!In my previous analysis I thought we might have already complete the Impulse Waves of Elliot Wave Theory (EWT) however after digging in a little more, this count is perfectly accurate with EWT and would see LTC hitting $160-$185 by September.
This is not trading or financial advice, just one of the many outlooks. Let's see which count is correct!
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To learn about Elliot Wave Theory, and to see how this is within what is acceptable of EWT, you can choose to go here! elliottwave-forecast.com
BTCUSD Inverse Head and Shoulders Hello Traders,
New Thesis on BTC,
Points to consider here are,
- Potential Inverse head and shoulders pattern playing out
- RSI on an upwards trend
- Right shoulder volume declining, which is common in H&S patterns
- Neckline has been acting as strong resistance, high volume move imminent
- VPVR showing low volume of transactions after resistance
BTC needs to break this neckline with strong volume, if this break out occurs, its more likely that BTC will test yearly highs
What are your thoughts? Please leave a like and comment
and remember,
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” -William O'Neil
Weekly Momentum Analysis On Major Pairs (Wk20/2019)XXX/USD: Slight Bullish
Gold & Silver: Mixed (Silver is bearish while Gold is slightly bullish)
XXX/JPY: Very Bearish
Indexes: Very Bearish
BitCoin: Very Bullish
Post Scriptum: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume , Macro nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
Tron ~ Break Support line and retest for downtrend Hi Folks,
I see Tron only keep going down. Till reach second Support Line.
Where you can see arrow pointing down -> that's retest that zone and going it is own direction ( Down ). Also Fib ext hit it nicely so for time been I think we will be going down.
We might see some push upsite, but that would be just Retracement. Until we see string confirmation on 1D chart I am Bearish :-(
BCHXBT Kraken~ This is how I think, might play outHi Folks,
Bitcoin Cash falling like no tomorrow. I think where is Demand Zone from there we might see trend Reversal. If not it will go to the second demand Zone.
I would not be even surprise if we see bit Pin bar to go through two demand Zones.
Don't set Buy order and wait for confirmation. As we have falling almost on all of coins and we made Lowest Low.