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ETH CORRECTION SOON??IF you have been following my charts you know that i have a wave 3 target in the 650 range which still stands as of now but im keeping a close eye on it as the RSI on the 6 hour time frame is showing overbought but the MACD is still showing bullish. If this goes past the 1:1 fib range we could see a shoot up to the 1.618 fib region which would be around 720. If we start to see a correction then im thinking with the bullish trend we should correct to the .618 or possibly .5 area for a heavier correction so the 575-550 range. It looks like the bulls are really starting to charge here but its good to have some targets and stay open to some different possible outcomes. These are just my opinion based off of technical indicators and my perception of them. Good luck to everyone and have an awesome weekend. GO GAINS!!!!
BITFINEX:ETHUSDLong
by bubbap22
Bitcoin At The Crossroads! What Happens Next? Well actually your guess is as good as mine.... Love seeing this long, multi-month downtrend being broken to the upside. The fact that we haven't been smacked down back into the bearish channel is definitely good news for the price. Finally on the chart we can draw another long term trend line that BTC is meeting right now and is hugging pretty closely. I think this is something to be watched and a break above this line that dates back to July of 2017 would be "hella good news" to say the least. In fact, it would be fine to even see it head up slowly and continue to hug this line, build a base and then launch out above it (hopefully with some decent volume to confirm the move). The RSI is pretty darn good shape and we have lots of room to run around if we do see higher prices. The old "Random Number Generator" is in pretty good shape also. We're sitting with a green 1 on the candle that just formed and this sets us up for potentially 8 more days of upside. Sunday we got the 9 sell signal and a break above $8,350 should launch us much higher into the weekend. A close below $8,273 on this chart would not be great and most likely means we need to sit around these levels a while longer before any major price advances. The sentiment is now pretty much "overwhelmingly bullish." Just look on Twitter at all the alt coiners talking about the bear market being over. We are definitely still in a bear market and bearish environment. The prices have been decimated over the past 5 months or so. The job of a bear market rally is to get everyone feeling good.... get everyone feeling secure.... get everyone in.... AND THEN BURY YOU SOON AFTER. Hopefully that's not the case here
BITFINEX:BTCUSD
by themuzzman
Digibyte 4 Hour Chart. BreakoutDigibyte is at a crucial breakout point on the 4 hour chart. This saucer formation started on March 12th and we're finally testing these levels today. A move out above this resistance point here should have some legs to get the price to the 3.5 cent level before pausing to at least digest the move. The RSI is flirting with overbought territory so that may delay the upside move but then again, anything can happen. The MACD did have a bearish cross a few hours ago but nothing that can't be reversed quickly. I have to say, this DGBUSD chart does look bullish and while nobody knows how far this goes, the characteristics for higher prices are showing up in the chart. BITTREX:DGBUSD
DLong
by themuzzman
ETH Broke the Daily Lower High, BTC did NOTAnother good example of the importance of the BTC correlation. We saw a strong bull break on ETH and push to higher highs, but we cannot put too much faith in the bulls, as BTC did not break bullish. Now we have a bearish dump on BTC which is ending up looking like a big time fake out on ETH, if you are not aware of the importance of BTC correlation. This bull spike before the drop will have me pay more attention to the ETH bulls if we do eventually see BTC break the daily equilibrium bullish. Otherwise I would be ignoring the break of the daily lower highs for anyone but BTC.
COINBASE:ETHUSD
by TheChartGuys
Long Lower Shadow CandlestickMeaning If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began. If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low. The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant. _____ Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part. Good luck! *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
BEducation
by TheWolfOfBinance
Inverted Hammer CriteriaCriteria 1. The upper shadow should be at least two times the length of the body. 2. The real body is at the lower end of the trading range. The color of the body is not important, although a white body should have slightly more bullish implications. 3. There should be no lower shadow, or a very small lower shadow. Signal Enhancements - The longer the upper shadow, the higher the potential of a reversal occurring. - A gap down from the previous day's close sets up for a stronger reversal move. - The day after the inverted hammer signal opens higher. - Large volume on the day of the inverted hammer signal increases the chances that a blowoff day has occurred. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
MLong
by TheWolfOfBinance
HAMMERHammer The market has been in a downtrend, so there is an air of bearishness. The market opens and then sells off sharply. However, the sell-off is abated and the market returns to, or near, its high for the day. The failure of the market to continue the selling reduces the bearish sentiment, and most traders will be uneasy with any bearish positions they might have. If the close is above the open, causing a white body, the situation is even better for the bulls. Confirmation would be a higher open with yet a still higher close on the next trading day. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Long
by TheWolfOfBinance
BTC-Target for the End of the CorrectionBTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618. This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn. WACE C TARGET: BTCUSD $8898-$8143 Hold on...its going to be a little bumpy. Count the WAVES. Look for a Reflex Point that ends higher. Count 5 Mini-Waves. Count 3 Corrective Waves...Should be at 50% or 61.8% retracement levels. Place stop-loss just underneath Mini-Wave 1. Cheers! Stay thirsty my friends, -AB
COINBASE:BTCUSDShort
by FibMarketWatch