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Bitcoin - Where The Price Is Heading Next. Likely Rally Soon.Hey traders! Histogram is showing positive divergence + MACD in 4h. The price is hovering close by MA100 line and it bounced off from the top level of the box. It is necessary to move above these downtrend lines before moving further upwards. MA50 has acted as resistance level (if you look in to 4h chart you see it) and once it breaches above it, it is good indicator that the price is going to move up. Long wicks are also indicating that buyers are gaining more strength and supporting reversal movement. These candlesticks are considered as sign of reversal. Buy orders should be set above MA50, above first downtrend line or resistance level at 11,800 level. I'll keep it short this time. If you need any help with trading, recommendations or where to search basics just feel free to leave me DM 1.12% 1.12% in here or in my twitter. I try to respond ASAP! :) Happy trading! Things to Remember: Stop-loss orders are strongly recommended. Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back. Do your homework before investing. Yarr
Long
by yarr
4
Ethereum - How To Trade + Key Reversal Points.Update on ETH/USD: In the chart you can see two patterns. First one is The Ascending Triangle which is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades. Second one is The Rising Wedge which is reversal pattern. It forms usually during an Uptrend but breaks downwards. Second pattern is playing key role in this trade. If the pattern breaks downwards I have drawn initial reversal zones and the second reversal zone is measured by the pattern itself. Note if the price can't hold either of these possible reversal points and breaks below 670 level, then it is indicating that the price wants to move further down and it's important to wait for another trading opportunity. RSI & MACD supports the idea of further upward movement and even though the rising wedge breaks a bit downwards it should not have effect on this signal from the oscillators. Once MA50 (Blue) crosses above MA100 (orange), it gives us extra confirmation that the trend has changed. The price is forming double bottoms on the lower band which supports of upward movement. Buy orders should be set above the swing high of 790 level and stop loss below strong support level of 643. Trade with carefulness and remember to use always stop-loss orders! Partial amount should be left for the longer run and that's one of the reason why I haven't wrote any longer term targets this time. Trading Information: Buy: Above 790 Partial Profit Target: 834 Main profit target: 965.73 & 1017.05 Stop Loss: 620 Things to Remember: -> Stop-loss orders are strongly recommended. -> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back. -> Do your homework before investing. DISCLAIMER: Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything. Yarr!
Long
by yarr
6
Bitcoin - Likely Rallying to 26,000$BTCUSD 7.50% Update: Analysis for today is based on fibonacci levels. This is based on previous calculations as seen on the chart. The chart explains itself pretty well. Price patterns can be repetitive and constant. You start seeing them constantly especially if you have been trading enough of time. Similarities that are displayed in this chart are rather parallel and obvious. Analysis wise it's important to see what past has shown us and how it's going to affect the price in the future. Let's begin with the past. New ATH 1.00% was made at 11k and it ended the trend by dropping rather quickly to strong reversal zone formed by MA50 line. This started a new uptrend. After this the price jumps in between of .782 and 1.0 fib levels and kept consolidating there for a while. Then the price broke upwards. Which lead us to 17k (3.0 fib level of bullish structure measured from the 8.8k low, visible in the chart as 300%). What's happening in the current state? It's quite parallel and with higher volume that's happening right now. Price rallies by making new ATH 1.00% , sudden drop to strong reversal zone formed by MA50 line, bounces near to the top and where the price consolidates. Previous target we got by 3.0 fib level of bullish structure measured from the 8.8k low. This same target applied to the current structure it gives us 26k at 3.0 fib level measure from the 12.7k low. This would be the biggest rally in the bitcoin's history. This is based on my trading strategies and ideas and I'm hoping to hear your views on this. The chart explains itself rather well so if any questions comes to your mind, please feel free to leave them down below. Things to Remember: Usage of stop-loss order is strongly recommended. Better to wait than to regret. Fear of missing can make you lose a lot. Do research before investing in any coin. Trends, events and news can have a big impact towards the markets! DISCLAIMER: Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything. Need help or you have a question related to this trading idea? Please, feel free to leave them down below in to the comments. Yarr!
BITFINEX:BTCUSDLong
by yarr
3