Is it local top for BTC?BTC gone parabolic and hit 13200 resistance. Next historical point at 13868 - gateway to 16300. But I doubt it will grow much higher on that impulse. Might wick above 13k once again to cut off too tight stops for short positions and then drop back to 12500 / 12000.
Besides DXY found minor support and should also bounce, which should push down USD pairs for all currencies. Bounce should come from 92 in any case, but may also bounce here.
Cryptocurrencyanalysis
MATIC Classic Triangle Trend LineFYI, based on the trend line. most of the candle touch top green line 5 times compare to 2 times touching support area.
Expected for breakout in anytime soon, the longest extend period will be 13-21 MAY. looking forward for potential breakout or extension.
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QUE VA A PASAR EN LAS PROXIMAS HORASZonas de rebote (Resistencias): 6770, 7000
Targets (Soportes): 6430, 6250, 6090
No hay fuerza para romper los 7000. Espero un rebote en esas 2 posibles zonas, bajada a los targets mencionados para finalmente tomar impulso y romper los 7000 para el inicio de una tendencia alcista. En 4h y temporalidades menores el precio se perfila para tirar señal bajista. En diario y semanal, se perfila para tirar alcista.
Bitcoin Prints a Monthly Hammer Candle in DecemberI've been waiting for the December close and it's exactly what I had hoped for: A beautiful Hammer Candle, indicating a possible "bottom".
This pattern depends greatly on the next two candles being green, but it's something I'm watching closely. It definitely adds some evidence to my main hypothesis that we are bottoming and that the Parabolic Adoption Curve will remain intact and another Bull Run is incoming.
Peace, Love, & Crypto,
B166ER
ETH Short down to $85-90! ETHUSD has finally shown a continued move potential in market structure to the downside. We were waiting for the double bottom to break through and price to pullback into the broken low. Price has a pullback and begun to rotate at the new resistance which can bring the price down to the ultimate support at $85-90. The downside break was on good volume, the volume to the upside swing was rather weak. The ultimate target to the downside is $87.00.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Watch For This Bear Fake-outHello, thanks for checking out my idea!
Most of the info is on the chart. We don't need a bear fake-out to fulfill this pattern, but as we've all noticed BTC likes to start with the opposite thing it's actually planning to do. With that in mind I think this analysis fits the picture we're looking at. I personally won't be trying to time the bottom of the right shoulder since we could just keep going down. I'd rather see it turn back around and start breaking some major short-term resistances first. The neckline of this chart also isn't perfect, but you don't need a perfect neckline. It should at least be recognized.
Remember take this idea with a grain of salt! Make your own judgements and keep your money safe.
Long Story Short (Part 3)While I've analyzed ETH/USD I realized that we could be in a WXY sequence, but due to disproportionate measurements by fib I can understand we may be at SUPER CYCLE ABC correction.
If we will take a closer look at RED 'C' wave, we will notice it is a structure of 5 sub count wave as it spouses to be:
One closer look at the last 5th wave will unfold an extended 3rd wave in Yellow which his sub count in thin RED:
By this analysis, we are getting closer to the period of time which the big Impuls will ignite a new bull's period.
BTC finally dumped, but bounce expectedAs forecasted, price found first support at ~9600. Got some volume back, but at day chart it is still decreasing. That was the first stage, that leaves both bearish and bullish scenarios open. Surely the picture is bearish and going long seems to be too risky now. Dominance grown near 70.8 resistance, so we may expect it to pull back a little, letting alts breath out and recover small % from yesterday dump. In current situation I do not recommend alts over trading. Just close the position you had and look for dip buys for future ones. Whatever will be the direction, alts will dip again.
If I was whale, I would push price up to collect liquidity in bull trap around 9850 - 10000 range, the higher, the more retailers will jump in there. That would be a perfect spot to dump it lower.
BEAMBTC forming a bullish Butterfly | Upto 12% expectedPriceline of Beam / Bitcoin cryptocurrency is forming a bullish butterfly and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0001192 to 0.0001151
Sell between: 0.0001223 to 0.0001299
Regards,
Atif Akbar (moon333)
ATOMUSDT formed a bullish Shark | Another good long opportunityPriceline of ATOM / Tether US has formed a bullish shark and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 2.955 to 2.874
Sell between: 3.034 to 3.20
Enjoy your profits and regards,
Atif Akbar (moon333)
ZCASH double bottom... maybe.ZEC / Z CASH
- Privacy coin
- Low circulation
- See if $43 holds as support
- Potential double bottom setup for massive breakout run
- Tight range / Squeeze
- $26 is next support if failed to breach
- I think this coin will run hard when it breaks free
Drop a comment below :)
This pair is almost ready IMO*Not financial advice*
Let's dive in. I mainly am relying on the RSI and fib retracement tool in this analysis. I believe that this pair is almost too predictable now, we are soon going to begin a rise back up to .018+. I don't really have a top target just yet, I'll explain why after I reason why we are going up:
Weekly RSI is oversold, which builds confluence with the 1.61 fib line. I expect this zone to be a strong buy area. That's basically it. Just look at the history of when the weekly RSI hits oversold and where we go almost immediately after. It's not rocket science.
"But, oooh, your halving didn't even pump LTC even halfway to the ATH."
"LTC is purely a shitcoin, plain and simple."
"LTC has no development."
"Charlie Lee dumped on his followers."
FUD. All of it. While those are fundamental arguments against LTC, it still has to do with the price in some way. Simply put, the halving is what will enable LTC to make new ATHs, but it's a process, a process initiated by the event itself that was hyped. 2 years after the first halving though, it made an ATH, and here's my target for the next LTC ATH if we follow a similar pattern:
(Note: This could happen in a variety of ways, but the same general idea remains.)
Now I'm going to be brutally honest. There's one thing I see here that worries me slightly. It's that every time LTCBTC takes a charge ahead, it forms a lower high. Each pump cycle it does not break previous highs. I hope this isn't correlated, but if you zoom out it's hard to miss. A counterargument here would be that we are in a wedge, presented by the top blue line and lower red line, inferring that we are also making higher lows each time we change trends. I don't know if it's smart to zoom out THAT far and draw lines that span out over many years, even it's whole life span, so who knows.
Bitcoin BTCUSD Hit Resistance. What's The Next MoveThe question that everyone is asking is where is Bitcoin going from here...
if you look back at my previous post on Bitcoin you will see that the market did exactly what we anticipated that it will do, and now BTCUSD is trying to find its place where to make the next move.
So What Is It That We Should Wait For.
I believe from this point on it will be very difficult to trade it inside with in the wedge its getting already to tight, what I would do is I will wait for a breakout either to the north or to the south it doesn't really matter, let's wait for the market to tell us and confirm what its going to do next,
now for Bitcoin to start going up we need to see a break and a close out of the wedge on the Daily then you can go to the lower time frame and wait for a pull back and make sure it holds outside of the wedge,
the same goes for the other way around just the opposite way.
I hope I was clear enough and easy to understand,
if you have any questions please ask, I love to hear different opinions as well.
Thanks,
Eli
Cardano ADA - Coinbase Rumours Returning - Possible Pump?This is a risky move, ADA is very low in price in BTC value. But has a lot of upside reward.
With the possible listing and rumours of coinbase, it could increase in price dramatically. If this does start trending nicely it could get a lot of hype and speculation.
Do not enter but keep a close eye on the news.
We have officially Left the Trend-Line Reduction Zone!We have officially Left the Trend-Line Reduction Zone and the New Trend-Line is at $9,659.019 and we are trending up with a total Trend-Line loss of $1,470.00
Bitcoin is Currently moving down through a Trend-line Reduction Zone at a rate of $1,148.33 Per day with a new Trend-line established at $9,659.01 for a Trend-line loss of 1 Grand (Bitcoin's Actual Worth) and Bitcoin continues to progress up the Main June Trend-line at a daily increase rate of $160.14 Per day, which now continues upward at a new level that may or may not return to the previous June Trend-line, yet either way the trend-line is still moving up at the same daily rate that remains unaffected by day trading activity... When Bitcoin Peaked at $13,849.00 on June 26th, it was an ambitious attempt to recapture the Previous Trend-line from May that experienced a $3,000.00 loss after a Trend-line Reduction from approximately $9,000.00 down to $6,000.00, which started the June Trend-line that is currently moving up at an expansion rate of $160.14 per day...
Bullish NEO, ascending price channel broken upwardsNEOUSD has strong fundamentals behind it as a top coin with very good applications and a strong user base.
From December 2018 to May 2019 it moved in an ascending price channel, only briefly surpassed during a BTCUSD pump in the first days of April 2019.
This uptrend finally put the Ichimoku cloud into a bullish position, showing signs that the previous downtrend was finally over, during the first weeks of February 2019.
Now, this price channel has been broken through, and new support will probably form around the previous resistance, as confirmation of this we have a bullish crossover at the MACD and a Bullish MACD in the weekly charts.
Another confirmation is the strength of the bounce at the lead 2 line of the Ichimoku cloud during the first days of June signaling the strength of the uptrend.
While the rest top market cap cryptos have been showing good gains, NEO has lagged behind, but a coming bull run seems to be forming for NEO.
I have already allocated several of my funds into NEO and I'm expecting a price surge that would put neo around $18 to $20 in the coming days.
BTC medium term perspectivePrice extended to the highs of $9000, however, was not able to sustain this level as price clearly has been trading sideways around the psychological level of $8000. With singular wicks hitting both the highs and lows, however, the head and shoulder pattern could elude to the fact that reversal may be imminent. Bear in mind that from the new monthly highs price has been creating lower highs and lower lows. Price is currently retracing to the highlighted price region of $8200-$8350 at a key fib level, due to the fact that BTC is very volatile and therefore entails very manipulative wicks, wait for shorting the BTC at the highs of the wick to the targeted D extension fib level of the price region $6400.
RAIDEN NETWORK TOKEN looking very BULLISH over the coming weeksApologies for the late call on this one guys, as it seems like I just missed the latest bullish move on RDN on the daily. However, as we can see on the chart above, RDN appears to be bottoming on a weekly 9, so I expect a few weeks of upside at the every least in spite of this recent surge.
PivX...a bargin regarding a privacy coin future ?Whats up coinverstors, looks like our cost averaging "buy a piece of coin as week or month, but every week/month" has again paid of big time :-D
The gains right now are quiet massive, I got down from buying coin every friday to buying some all 3 weeks, but mostly I had so much work in me company, I had no time to do my coin math, so nothing special here.
I admitted before, I'm a a great fan of the Pivx project....sure a great fan that I own 2 masternodes.
Pivx is a Dash fork with a far more active community, some numbers from there github therefore:
12,055 commits, 7 branches, 446 releases, 313 contributors....this counts, not thar bad from my prospective.
This is an very active cryptocurrency project and the best of all, its a proof of stake coin, you get rewarded just for holding them, which makes it in my eyes a very undervalued coin.
For me, Dash and Pivx are the Bitcoin and Litecoin of the privacy coin segment.
The community increased there activity in the middle and south american with an ambassador program, to spread the word
among those not having a real federal currency in place.
The RSI looks so bad, that it looks quiet lovely to us in the #coinvestorarmy as we always on the hunt to make the next big snap.
I did see this project getting extinguished down to zone, so the most fearless of us throw some money on the table and buy some Pivx right now and more late. I would got for 30% now and save up 70% up for late when a bottom has formed.
Coinvestors with deeper pockets can consider to run a masternode, makes you 3$/day, sounds not much but thats way more then any bank of this plant will give you for a 6000$ deposit.
So, like always, inform yourself about this great project and by smart.