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Cryptotraderspro

BTCUSD - Lets go Bitcoin! Lets Go! :)I would like to pay my respects to one of the greatest minds of our time, RIP Dr Stephen Hawking. Taking a look at the Bitcoin chart this morning we can see that we are heading into my critical support zone again, lets take a look. I drew a fib in from the last major bullish market move we experienced, which was the rally from 6k up to the 11k zone. We can clearly see support zone around the 50% retrace, which is very normal for this market, considering volume and volatility is down quite a bit since we first started dropping from 20k. The support zones mentioned in the previous report are still holding, with 8800 being the final pillar of strength. Should 8800 fail us today I would expect more bearish action and a retest of $8200, possibly $7200, if the 8k zone fail to summon the buyers. In my personal opinion the market is looking healthy, this is only if prices remain above $8800. If the above mentioned support levels fail we will be in for a further correction in the market and more panic selling. Worst case scenario in my opinion is we take a dip into the 6k zone, but I think buyers will quickly step and catch the knife. Longer term speaking we are also in the 50% retrace zone from 20k, this is considered by many as a good retracement and a healthy correction for this size market cap.
BITFINEX:BTCUSD
by saintbitcoin
BTC-Still looking to Correct, NeutralLooking at the BTC chart, we are in a Flat Correction. This is similar to the first correction after the high in December. Also, I have noticed that when BTC corrects it is fairly short and only retraces between 38.2% & 50% Fibonacci Levels. The highest recent retrace was 61.8% after the First Wave 1 since the bottom. I expect WAVE C to finish its correction between 123.6%-161.8%. I am leaning more toward the latter. Stay thirsty my friends, -AB *Educational purpose only. Cleared up the Chart:
COINBASE:BTCUSD
by FibMarketWatch
AION - LONG - 120% profits - NEW GROWING TREND First time since one month AION broke strong resistance trend level. In this trade we got pretty good risk-reward ratio since Our stop loss is arround 20% and our potential reward is arround 120% so literally it is 1:6, also from what I checked AION got strong fundamentals and whether it is only correction after long term bearish chart or just completely changing of trends, there are really high chances that it is going to grow right now. A bit about myself: I was trading on FOREX and regular markets for arround 8 years, lately I saw a lot of potential in Crypto market so i just chopped in there and I am having really great succeses, hope you will stay with me for longer, anyway.. Let's earn some money! How to trade AION - Buyin Range : 0.0003230 - 0.0003972 - Stoploss : 0.0002838 It is very strong resistance level that already been tested previously and seems to be unbreakable so far, the good thing is that it is only 20% from our "lower buyin range" - Targets : 1. 0.0005067 2. 0.0006085 3. 0.0007215 Sell on those targets as much as you want, can be 30% or 70% or 10% - i will be posting updates to this trade so you can follow what is going on, make sure to keep a stoploss in case of some bad market situations that might always happen - but we are all here to make money and we all know that EVERYTIME there is a risk, even if we have 99% trade there is 1% that we are going to lose it so in worst case scenario lets lose 15%-20% not 100%. I got really good feeling about AION :) If you got any questions feel free to comment - I will gladly answer. If you appreciate my work you can leave a tip: BTC: 12Mefu55gj5cyxYTEX82FqcxsUADhKFMhJ ETH: 0xd6e9819f0c5044fff6186826aad193c650c02502 LTC: LgzwNFwEQGUSCNLzD1nb8qv35iQ7KnJCV8 Adios!
ALong
by UnknownUnicorn2470774
IOTA still getting clawed at by the BEARS!IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH. We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan. This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of buying pressure to get us to break to the topside. This is crypto and anything can happen so it pays to be prepared. We will wait to see what the market does before going long or short on the IOTAUSD markets. Immediate support is at $2 - $2.2 and should that support level fail, I would expect the bearish trend to continue and consolidate into the $1 zone. Resistance is at $2.4 - $2.6 and the bulls need to get above that to test the $3 resistance zone. Should we break through $3 it will be smooth sailing to the $4 zone. Follow and share if you like my trading advice, feel free to discuss this trade with our crypto trading crew.
BITFINEX:IOTUSD
by saintbitcoin
ETH Bulls have a slight edge over BTCBUT the correlation still stands and we are not likely to see that break at this point. This means ETH bulls are holding up slightly better than BTC, but will still pullback with it. This means BTC will continue to be our gauge of strength, and right now the bears have the upper hand. Not playing any bounces unless both 5 and 15 min RSI are oversold on BTC. We are looking for a higher low to form on the daily, as we see a daily equilibrium form now that the top of the bounce has been found. Hourly RSI oversold would be a good indication to look for to signal potential of the daily higher low forming. Patience, scale back bullish trading, focus on studying or working on concepts and weaknesses you have identified in your trading.
COINBASE:ETHUSD
by TheChartGuys
1
BTC Bounce ErasedYet another example to lock in profits on the bounces. See the youtube videos the last two days for live examples of how I profit on these dumps. If we break to lower lows we will have 4 hour RSI under 20 and daily RSI at 30. 4 hour inside bar bear break last night was the indication bears still had control. Use hourly EMA 12 and 26, they have rejected every bounce attempt and are the target I use to take my profit. I have been trading ETH but using BTC correlation for signals/levels. If we see another flush I will enact the same strategy as the videos looking for another bounce and solid profit. If you struggle to play dumps this is a great time to sit back and study!
COINBASE:BTCUSD
by TheChartGuys
LTC Mirroring BTC on the dump and bounceCongrats dip buyers. Please see youtube live recorded video last night to see the strategy I used to flip ETH 3 times. It can be applied to any of the BIG 3 as the correlations were linked on the dump. Looking for an hourly lower high, and healthy consolidation to set an hourly higher low. Bulls will have to give an hourly higher low and higher high for the 4 hour reversal candlestick to try and be confirmed. Sell some into strength to take off risk and have cash available in case we see further weakness, which was the case multiple times before we finally found bottom.
COINBASE:LTCUSD
by TheChartGuys
7
Congrats bounce players!There were a few fake outs along the way but huge volatility and bounce opportunity each time. Please see the live recorded youtube video from last night to see the strategy I used 3 times on the bounce. Currently all out of my most recent $1,050s position as I am looking for a lower high on the hourly to form, and healthy consolidation for a higher low. Note there is a lack of support established on the 15 min time frame on this bull move, which is why I prefer to sell into strength. Correlation with BTC means watch BTC for signals and levels. Hourly bullish reversal candle from oversold conditions. No entries up here, and for 5 min consolidation to begin, then start 5 min higher lows and higher highs again to indicate the potential hourly higher low.
COINBASE:ETHUSD
by TheChartGuys
5
BTC Huge dump after breaking $12,800 Key daily support was lost and next support was down around $10,000 which gave us extreme RSI conditions. There were many fake out bounces along the way, please see the live video on youtube from last night showing my strategy. I personally flipped ETH 3 times but used BTC action and levels as my guide due to correlation every time. Now looking for an hourly lower high to be set and for the bulls to have to set an hourly higher low on consolidation. Patient for this consolidation if not in a position, and anyone on the bounce should be worst case break even at this point. Congrats to those who remained calm and played the charts with no FUD behind this dump, all technicals.
COINBASE:BTCUSD
by TheChartGuys
BITCOIN - Korea messing (with the heads)Due to the fact that coinmarketcap.com in its cryptocurrency price lists excluded prices from South Korean exchanges, there were several key changes. It caused that the average price of each cryptocurrency was falling. The overall market capitalization of cryptocurrencies also dropped. At present, it is less than 683.5 billion dollars. Of which Bitcoin domination is almost 33%. The first nine cryptocurrencies record decreases in the last 24 hours. Bitcoin's price dropped during the week from $ 16,400 to $ 13,300 at the time of writing this analysis. The trend line of the upward trend did not manage to keep the price. It was knocked down and tested giving a signal to short-term players. The key support is the $ 12,000 level. Here you should look for a signal to buy. If this level does not stop the falls, another important support is $ 10,000.
BITFINEX:BTCUSDLong
by jpktraders
BITCOIN - braked on riseIt's been a long time since our last analysis. It was caused by the Christmas break and the break connected with the celebration of the new year 2018. We realize how important it is for you to observe and analyze the situation on the cryptocurrency market, but you should approach this topic in a healthy way, so as not to detach yourself from important moments in your life just to look at the charts every now and then. Most, especially less experienced investors, think that higher intensity, or more transactions and longer time spent analyzing charts, leads to higher profits. Nevertheless, we are back with our standard analyzes starting the first analysis this year from Bitcoin. The capitalization of the entire cryptocurrency market is already over USD 830 billion. We remind you that it was less than 17 billion dollars a year ago. At the moment, Bitcoin's dominance is only 33.8%. This is a fairly poor result. A month ago it was 67.5%. The Btc price in the last 24 hours has been down 1.7%. In the second place in the cryptocurrency ranking is Ripple, followed by Ethereum. Both cryptocurrencies increase over 7% in the last day. From a technical point of view, on the BTC chart we were dealing with a price correction reaching 50% of the Fibo abolition of the growth impulse. The price tested this level 2 times creating a double bottom structure. These were around $ 12,000. Going to a lower time interval, we see that the next barrier to further increases is 17,100 USD. After breaking it on top and test, you will be able to look for a place to buy. The first TP will be $ 20,000. On the daily chart, you can still see the growing trend, therefore we deliberately do not set a place to take a short position. Trend is your friend.
BITFINEX:BTCUSDLong
by jpktraders
Bitcoin trendWe have another week behind us and another increase in the capitalization of cryptocurrencies. Today it's over 594.5 billion USD. In seven days, it increased by approximately 181.5 billion USD. Bitcoin's dominance has dropped to 55.7%. However, the BTC rate in the last 24 hours has increased by over 6%. The Bitcoin price has already reached almost 20,000 USD. As a result, CBOE could enter the futures market. The CME is tomorrow already - a much larger market, also introduces trade in futures contracts. Many financial analysts assume that the introduction of futures trading can mean the green light for new ETF Bitcoin funds. It may turn out that BTC quotes will again reach new ATH. The ETF for Bitcoin would provide investment and commercial opportunities for those who do not want to deal with buying and storing the cryptocurrency directly. Back to the charts - we can see how the price realized the target 161.8% of external Fibo measurement of the last downward correction. It was a place just before the price of 20,000 USD. The potential end of the correction that begins to create may be support at 17,100 USD level. It will be a good place to buy. If the correction is not fulfilled, the next place to buy will be a breakdown and retest from the top level of 20,000 USD. We set the medium-term target at 24 500 USD.
BITFINEX:BTCUSD
by jpktraders
Ethereum - demand rules!The second in ranking cryptocurrency in the last 24 hours lost over 3%, and its capitalization is over USD 65 billion. In four days, we recorded increases reaching the new ATH at 750 USD. Capitalization, on the other hand, reached a surprising level of over 72.5 billion USD. The ETH network exceeded 10 transactions per second, which resulted in a significant number of pending transactions. Looking at the chart, it can be seen that the downward correction started at the point of 261.8% of the internal Fibo abolition of the previous downward correction. While looking at Fibo's measurement of the recent upward trend, it can be noticed that the price reacted to 38.2% level and moved north. If the declines continue, a good place to buy will be the abolition of Fibo 50% coinciding with the support of 576.5 USD. Alternatively, in the case of further increases from the level in which we are now, a good place to buy will be breaking the resistance of 750 USD and its test from above.
BITFINEX:ETHUSDLong
by jpktraders
LTCUSD - how trend is madeLTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%. From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to take a long position (support test from the top at 55.5 USD), reached the first target set by us - 71.7 USD. We are now on the resistance from which we already had the first corrective reaction. If the price will go up now and will test this resistance from the top as support already, it will be a good place to buy. Alternatively, if the price falls again, then level 66.5 will be the second place to buy.
BITFINEX:LTCUSD
by jpktraders
BTCUSD - key triangleCapitalization of the cryptocurrency market increased over the week from 199 billion USD to nearly 234 billion USD. Bitcoin dominance increased from 51.5% to 55.7%. Over the last 24 hours BTC rises 0.5%. Bitcoin Cash drops almost 10.5% Looking at the chart from the D1 interval, you can see that the BTC quotes are consolidating in the 8000 area and the place where the impulse ended since the hard fork. Our long-term goal stays unchanged - 8200 USD. Although it is clear that the Bitcoin price will exceed $ 8200 by the end of the year. Based on the external measurement of the correction, which began immediately after the information that SegWit2x was canceled, our target for the end of the year is 9500 USD. Going down the lower interval, you can see how the triangle formed. After leaving it we will be able to use one of our two scenarios. In case of breaking it from the bottom a good place to buy is 7000 USD, especially since the place has not been tested yet. In the case of going up the buy level we have set to the place where the price will test 7775 USD. If the break will be very fast and we break the level of 8200 USD, then its test from the top will also be a good place to buy. It is therefore important to observe and react to the price behavior. When it turns out that we will hit the top on a large volume immediately, then the current long-term target is set at a price of 10450 USD - the range of formation.
BITFINEX:BTCUSDLong
by jpktraders
BTCUSD - fork after forkThis week the markets were told of the SegWit2x process suspension, which was to double the size of the block. Suspension was announced in an email by Mike Belshe. He reported that SegWit2x was suspended due to a lack of consensus on the network. The response to these reports was reaching new peaks by the BTC, and after that a strong correction that continues to this day. Many investors were hoping to get more free coins after another fork. In addition, at present, the Bitcoin network has overdue more than 174,000 unconfirmed transactions with an increase in fees. Capitalization of the cryptocurrencies market has decreased to 199 billion USD, of which BTC's dominance is currently almost 51.5%. It decreased by about 11% within a week. Bitcoin, since 2X suspension has been announced, notes continuous decline in favor of Bitcoin Cash. This can be characterized as one of the largest capital migrations in the cryptocurrencies market. BCH, the alternative Bitcoin cryptocurrency developed in August during the fork, doubled its value within 24 hours after announcing the SegWit2x information. Within two days its value has increased four times. Many speculators have argued that it is Bitcoin Cash that will now be the main bitcoin. At one point, BCH jumped to second place in the cryptocurrencies ranking while for a long time people were debating when Ethereum would become that number one. Vitalik Buterin, creator of ETH, wrote his congratulations on twitter. Coming back to the charts. A week ago, we reported a potential TP of 7775 USD and a possible bigger correction from this level. The end of the correction was set at around 6500 USD. Looking at the graph below you can see that level 7775 was hit, but the correction reached levels much lower than we expected. We arrived to a place from the Bitcoin Gold fork. Our long position from $ 5200 was closed on a stop loss hedge at 7000 USD, generating a profit of 34.6%. It seems that this may already be the end of the correction. This place is a lifting of 50% of the total growth of the impulse ongoin till 15th September. The upward trend is continuing in the long run. Below we present a scenario to join the upswing. Buy after pounding 6350 USD and his test from the top.
BITFINEX:BTCUSDLong
by jpktraders
Expected reaction on support backed by SegWit2xOur last growth scenario was almost perfectly fulfilled. The price tested support at 4.488 and went straight to our designated TP around 6.30. Over the past 24 hours we have been informed that SegWit2x has been canceled which has resulted in altcoins growths. Lisk, the 14th cryptocurrency in terms of capitalization is growing almost 22%. Going back to the chart. If we break the resistance we are currently located at and test it from the top, it will be a good place to look for a buy. We see, however, that the price has a problem with breaking this resistance, the upper shadows of candles testify of it. So if it can not be broken, then another good place to buy is support 5.45.
POLONIEX:LSKUSDLong
by jpktraders
What will stop BitcoinWhole week we watched the Bitcoin rise to new heights. Over the past 24 hours, we have seen growth of almost 3%. Capitalization of the entire crypocurrency market exceeded 200 billion USD, with BTC dominating over 62.5%. In the top ten only Bitcoin and Ethereum Classic record growth, the rest of the cryptocurrencies are falling. We've reached 6200 USD, 6500 USD, 7000 USD and finally 7500 USD. In our latest analysis we have designated a short-term target of $ 6350, which was reached a few hours after the publication of the analysis. Our long position is doing very good and currently SL is set at 7000 USD (buy was from 5200 USD). Let's look how it looks from the D1 interval. Red rectangles indicate the range of growth impulse of the previous fork and predicted the same range that will be reached by the price after BTG. It stands at 7775 USD. From this place we expect correction. You already see the upper shadows which are the first sign that bulls have problems. This correction can reach even 6500 USD. Our long-term target remains unchanged - 8200 USD, that is 261% of Fibo range.
BITFINEX:BTCUSD
by jpktraders