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BTCUSD Possible H&S Breakout Into Ascending Parallel Channel?Just wanted to share some observations. Early days yet and nothing is confirmed. Wait for breakout and observe if the upper line of the Ascending Parallel Channel pattern forms a resistance and that the bottom line forms support. If it does then we have some way up to go on a longer term with this pattern and can continue trading within the ascending parallel channel with tops and bottoms, if it plays out. Some might call this a bear flag but not after that daily close and the formation of a possible H&S Shoulders Pattern which is usually a bottoming and reversal pattern. This could still also just continue on the descending parallel channel pattern too (the dark area). Only trade breakouts with confirmation candles and beware of fake-outs. Also take not that the CME high candle close on the Friday was around 5935 and the low wick was 4120. We might range within these price points till Monday but hoping for a weekly candle close above the 200MA around 5500$. Good luck. By the way ETHUSD forming the same patterns too.
BITSTAMP:BTCUSDLong
by mdyassink
RDN/BTC - 2286 satsWhat is up everyone :) Leaving here a decent trading idea, with a good balance displaying price action with valid Fibonacci levels. The POC (Point of Control) is just at entry which I expect to be broken with strong momentum (or rejected). If we break above 1815 - or just in time entry - there's a very high probability of the setup making target. At the same time, if we decide to enter at 1815 that provides a 2.4 RRR (Risk-Reward-Ratio), a lower number that I'm usually content with. If we zoom in, we will see the price contracting even more, displaying a potential fractal triangle. This enables us to enter the market earlier providing an increase of our RRR to 4.43 - the trade I'm down to take :) Take care, Vlad The Crypto Trader
RLong
by Be_Independent_Tribe
Litecoin - A great buy at this point and may go down further. Things to note about Litecoin and why it is entirely possible that we are still going down further. There is a death cross in the 1H, 2H, 3H, 4H, 6H, 12H, and now the 1D timeframe. Historically price goes down after a death cross on the 1D and it takes a small timeframe to recover from it. Those of you that bought in the $60's do not sell. We may go down some more but rest assured you bought at a great price. You should, if you can, buy some more as it dips down. In this instance, LTC will pull out fairly quickly out of the sub 200MA dip. How deep is the dip? Well... that depends entirely on what BTC does in the next few days and it looks like it is itching to keep running up. Let's wait and see how much the weekend drives the lTC price down but the point is that you are seeing a safe coin at a low price. Same goes for BNB, NEO, ETH, ADA, QTUM, ICX. DO not buy coins you are not familiar with or that do not have a large market cap. Stick to the top 20 at best, top 10 is recommended. Some of those alts are close to double bottoms and they will spark up very soon.
Long
by cryptoGats
2
Bitcoin - where we may find bottomIt has been a while since I showed you the 3-day view which has a lot in info regarding the future. I've put two X's for the next support places that bitcoin is looking to visit before going up again. Price action just doesn't stop in the middle of anywhere it always eventually stops at strong support or at an MA. Right now it is sitting on support-- nothing too strong -- so it may not spend too much time there before melting down to the 50MA on the 3D to the $8,500.00 area which coincidentally it is the 50% Fibo retracement. The next X is on the 200MA which is on the 61.8 area which is also on a downtrend line. As you can see there is a lot of confluence and strong support behind those X's. THE TREND: Going down. THE OUTLOOK: Safe to enter and buy some alts, BTC will go down some more but not a lot more. Be safe and follow me to stay ahead of the curve.
BITSTAMP:BTCUSDLong
by cryptoGats
2
Litecoin - How t make real money - Do I have your attention NOW?I hope you have been following my instructions, if you have, we'll, those buy zones of 68.00 and 65.00 did hit last buy zone is 62.00 which may hit soon. This TA has been aging very, very well. You are shapping up to have a few thousand dollars in your pocket by the end of the year. Back to the TA keep in mind that the death Cross will push LTC even lower, so you should not set an SL just yet, instead set a buy order at 62 or hell set one at 58.00 we may just hit that. BTC may try to make a run for 7,510.00 before going back up. If BTC hits my green arrow and it may LTC will be around the 50's. The green X is at the crossroads of the 61.8 FIBO of the entire 2019 move and a new trendline. The 200MA is very strong and it is calling BTC down to it on the 1D. Keep an eye on my Bitcoin TA so you can see where LTC is going, Why? Because LTC is contingent on what Bitcoin is doing. Why, because algorithms control most of the trading in this space. The only way you can make money is by understanding what the algos are doing and join them. Their job is to buy cheap and sell high, your job is to control your emotions and buy at "Low Risk" scenarios that the algos create. Be safe and follow me to stay ahead of the curve. THE TREND: Clearly going down as predicted THE OUTLOOK: Unsafe, Death Cross happening now
Long
by cryptoGats
5
Bitcoin - It's showtime, watch this!So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed. 1. While on a range BTC keeps violating up trendlines which is a sign of going down. 2. The 20MA (The thin green line) is now moving down toward the 200MA. 3. Volume is gradually getting lower. 4. We are making lower highs 5. We are constantly testing out the 200MA for better or worse. There are just too many signs telling us to stay away for now. THE TREND: Sideways with strong hints of going down THE OUTLOOK: Very Unsafe, stay out. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
4
Litecoin - Death CrossDeath crosses do matter, especially when they are about to happen in very important timeframes such as the 1D. They happen all the time on lower timeframes and they do influence the rhythm of price as they cross back and forth. What we are looking at here is an almost certain death cross by tomorrow on the daily, which you can't ignore, simple put what this means is that the 50MA (50 moving average in orange) will start to become resistance for a while. If that happens Litecoin will hit our crazy low buy zones. $68.00, $65.00 and $62.00. If for whatever reason it keeps going south it will hit our "Let's get rich" buy zone of $22.00. How will this scenario be invalidated? If we move up in one candle to around $91.00, how can this happen? If a whale steps in and buys a ton of LTC to get a rally going. To go where? To go up, ultimately to $200.00. TREND: Going down and it could be pushed further down after the death cross tomorrow. OUTLOOK: Unsafe for longs Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
1
Bitcoin - Just can't close above resistance, what to make of it?Just as predicted there was a test and retest of support and resistance. I have oerfectly laid out where support is and where resistance is for days now. Bitcoin is lacking the serious volume needed to generate a move up. The battlefront still remains on the 12H between the 200MA and the 20MA. The bulls want BTC to make it past the trendline that is now resistance (I have noted that in the above chart) and the bears want to drive BTC below the 200MA which is a very dangerous thing to do. Why? well... if that happens it will be very hard for BTC to recover. Last time we lost the 200MA on the 12H it took one year to recover. So how would we know if the bulls have won and it is safe to put our money back in? BTC has got to make it over my faded red line of resistance which is around the 11K area. That will signal the first higher high in a long time, I just doubt that there are enough buyers to create a rally. The best thing to do is stay on the sidelines and wait for a break, our strategy will always be to preserve our capital and only jump in during low-risk situations, which NEOUSDT is in the middle of. Other major coins are not there yet. I will post in the next few hours the strategy on which coins to buy and which price point to jump into. The trend: Ranging sideways and leaning towards going down. Outlook: Unsafe for retail traders Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
BNB - A solid hidden gemBNBUSDT refuses to go down, almost like a very valuable commodity this thing just keeps its value even when BTC drops like a bag of bricks. I have a buy order waiting for it around the 200MA (The black line) during a sudden drop of BTC this coin may generate a long wick that will reach all the way down to $23.50 before continuing a slow but steady climb to $50.00 ish. You can't go wrong with this unit but you have to wait and see if it will drop further. Two scenarios can play out: 1. It will hit the 200MA which will be a great buy, it will make it out of the triangle when BTC moves up which you can then get into after the 1st pullback (61.8 retracement). Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
Litecoin LTC - Let's wait and see It has been a while since LTC had a good move up and it may be a little longer still. Litecoin is in a Descending Triangle with an impending death cross, if in the next 3 to 5 days LTC does not close above $100.00 the death cross will materialize and it will send LTC into the 60's which will make it a perfect buy. LTC can be bought starting at around $68.00 all the way down to $60.00 with the possibility of hitting $200.00 soon. Be safe and follow me to stay ahead of the curve.
Long
by cryptoGats
5
NEO/USDT Get is right now and double your money.This is an easy one, NEO has been making me good gains since a while back. It is resting at the bottom of a very reliable trendline. If you buy now under $10.00 you can double your money easily, just sell once it hits near or at resistance which in this case is the upper white line. If it goes down (Which it could) it won't go lower than $5.00 and the upside is $200.00 in the very long run. I would commit 25% of my capital to this trade which will take a few weeks to develop. All of this, of course, is in regards to paper trading. Follow me and get more heads up! Like this one.
Long
by cryptoGats
Bitcoin - how to actually make money with crypto?First, stop buying without discipline, crypto can make you money but you must have a plan, stick with me and I will show you how to create a plan and why price does not matter. We can make money either way but we need "Can't Lose" scenarios all the time. Let's focus on what matters -- support and resistance. For the last few weeks, I've been showing where BTC is going to be and what it means to know where it will end. For the last few days I've been showing you the macro view of what BTC is doing, now let's look at the midterm view (secondary trend) on the 1D to know where it will find bottom out. The likely bottom as I've been saying is $9,800 - $10,000 looking at the chart now you can better understand why. There is a lot of support at that price point, also other coins will be lower once BTC hits that area. I would start buying Alts once BTC hits 10k and continue to do so as we go a little further down to $9,800.00. What Am I buying? LTC, NEO, and ETH. Personally, I will wait for LTC to hit the mid 60's. SO, in short, how do you make money? You wait until price hits a very low point and when it does it can't go much further down due to strong support but it can go very high and that's how you enter a "Can't Lose" scenario which we now are beginning to see.
Long
by cryptoGats