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LTC/USD (BITS) 20 MA crossing the 9 MA in a bearish patternThe 20-period moving average (MA) has crossed over the 9-period moving average 4x times according to daily price chart between last December (2017) and now. Each of the 4x times, price historically followed with a decline by over 20% - one such instance (the 3rd crossing) by over 62%. Based on the daily chart, the 20-period MA will be approaching the 9-period MA in what appears to be signaling the fifth bearish crossover. (1) (2 & 3) (4) (5?)
BITSTAMP:LTCUSD
by GregoryMichelson
1
EOS/BTC: Will we see further downside?Hey guys! As you can see, EOS has been in a steady downtrend since the end of January. Our first wedge pattern consolidated the downtrend, dragging the price down by approx. -22%. The price seems to be catching its breath after the freefall, and we can see another wedge pattern taking form. In the event the price closes below the wedge's bottom trend-line, along with a spike in volume, we can expect to see another move to the downside, till it reaches our intra-day support level at 0.0007 BTC (black horizontal line). Additionally, the RSI is struggling to go past its mid-point value (RSI 50). First, let's see which direction the price breaks out from the wedge before we place a trade. If you guys ask, I'd be happy to update you on this later on. Cheers! Note: These are merely my predictions and observations. Please take my advice with a grain of salt, and always place your trades at your own discretion.
Short
by danielwjc
ETC Nut up or Shut Up! Ballsy Long TradesHello, Lovely ChartHunter-PipGatherers, there are herds of mainstream altcoins to be harpooned right now, so I'm serving up some thoughts on ETC. Yes, I like big profits. Yes, fraudulent fools call me a "reckless cowboy." Yee-haw. I'm not going to go too much into the fundamentals other than to say this: know your FORKS from your spoons. ETH has dropped almost half of its price since I posted my short trade idea on it. If you were holding you got squashed, lol. There may be a few bounces here and there but I believe ETH will continue to sell for a while, and looking for ETC to pick up lots of slack.The most fascinating part of this chart is that it appears to be the most oversold conditions ever on RSI for ETC. I like that. Keep Hunting Everyone.
Long
by Piptocurrency
Bitcoin and Altcoins Insist on RangeThe Crypto Spread Indicator has reflected the breakout in Ethereum and has tipped the scales back to the Altcoins accordingly. However, the recent pullback across the board is reflected evenly and the spread has returned to parity. Both Bitcoin and the Altcoin index have retraced slightly, though we do see some technical strength in both, and breakouts can be expected in each. Bitcoin and many Altcoins are finding support at Fibonacci levels. Across the board, cryptos appear to be in Wave 2 of the next impulse of the 5-3 Elliott Wave, though if we cannot see a strong momentum push to mark entry into wave 3 to make new highs, we must regretfully accept that we are still in the corrective phase. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITSTAMP:BTCUSD
by quantguy
Bitcoin: Rising and Riding those FUD WavesI wanted to do another update because btc has been looking ugly these last few days, but DON'T SELL HERE. Ichimoku is the Japanese system, and the bars are also a Japanese invention that originated as a method for traders to track rice price movements over 500 years ago. This system provides some clues as to what's coming, and BTC is hot in Japan lately, so I figured why not give it a try. I expect that price will be eager to break right through the 61.8 and 78.6 lines, as they have both been tested several times from the downside already. Because of that, resistance is a possibility, but I am anticipating that the 61.8 gets smashed almost immediately. I expect price to reach upwards over the next 2-3 days, and there could be another huge upshot over the next 3-5 weeks, although anything can happen at any time and the downside risk is substantial. $400+ increase in the 20 or 30 minutes that I developed this chart serves as initial confirmation of my hunch. Keep Hunting Everyone.
COINBASE:BTCUSDLong
by Piptocurrency
Inverse Head and Shoulder Inception MaidSafe CoinLooking for a bounce off the 38.2 line, so that's an ideal entry for the long trade. Maid has a good community behind it, over a quarter billion in market cap, 452 million coins in circulating supply. Look for the RSI to hit overbought conditions first and then make your entry during the presumable formation of the right shoulder. We're gambling to give a better entry, the greedy entry, and the chart looks uncertain, a risky entry at market execution, Maid has experienced consistent volatility, sustained demand, it doesn't look like a sick and dying coin, it's liquid and that's good for investors and traders alike, I think this coin has a good future, that's what I'm interested in, and I'm waiting a bit for better prices. I'm sure you could find lots of other patterns in this chart, Keep Hunting Everyone.
MLong
by Piptocurrency
Bytecoin Long TradeThis a long trade idea for Bytecoin, I like the fundamentals, this coin has a big market cap but it's still young, still cheap, the circulating supply is massive, 183.25 billion coins, and that is a concern, as is low volume, but I think this coin is going to bounce pretty hard, it already bounced off the 39 sat mark and hit mid fifties, that's a nice gain by itself but I like to look bigger and longer and go for exponential profits. This could be a quick money trade, a few days, a few weeks, or a deep value long-term play, I like both avenues all the same, I'm really indifferent to the timeframe, as long as I'm making money. Keep Hunting Everyone. P.S. I got banned from Private Messages for a while so apologies to anyone that messaged me, lol.
BLong
by Piptocurrency
Onward and Upward: Fibs Don't Fib Series, BTC In case anyone wonders what it's going to do, it's going to go up, and digest the big sale like it historically always has. Under 15k is not a bad time to buy right now for medium timeframe. If you saw my original Bitcoin Elliott Wave and acted on it and stayed patient, you are doing mighty well. Some thing with gold. Gold will be the next to have a big pop but btc will continue upward. The market is just getting heated up. Keep Hunting.
COINBASE:BTCUSDLong
by Piptocurrency
Digitbyte Continued CorrelationsThis is the continued correlations of digibyte with a custom accumulation script. It have (as stated earlier), just completed the first bullish wave and looks like for a long, has a potential outburst in value that can happen within the next few month to mid 2018. This is definitely one of those I consider medium risk, but still profitable, especially given a long term holding like what you seen before. I believe also the technology behind their UTXO blockchain is very promising in speed and potential.
Long
by gamer456148
NXT Long Trade I've got two sets of Fibonacci lines here, which is different and cumbersome on the eyes, but it's useful. Market cap for NXT is 87 million, in the middle of June this year it was at 220 million, and circulating supply is a billion coins. This is another liquid coin with an established presence and community for a few years, because of that there is an element of relative safety in holding this coin. Coins with millions of dollars in daily volume consistently are a better bet because you're not going to be trapped. The market may not do what you like, but at least you'll be able to move in and out when you need to. My advice on that has been to own the underlying asset and hold it, if you're new to this and you're using margin trading you're going to lose, don't give your career a premature funeral. Those who would have you day trade and use heavy margin positions stand to profit from your losses, we all must avoid that behavior, because that is the epitome of reckless speculation. Look for attractive entries and buy the dips over the next few months, the bounce is only a matter of time. Keep Hunting Everyone.
NLong
by Piptocurrency
Namecoin NMCNMC folks, it's old but it's established. This can be a very technical coin and I'm not an expert but I can appreciate an anti-political censorship coin hardwired into the internet. This is one to play if you've got cash overflowing, try a little chunk, NMC can be very volatile so don't be a silly dum dum and dilly dally when it sails up there into the money, get profits, take that sucka, or be the sucka, that's the only way it goes. I buy for fundamental reasons in addition to technical, I look for an inherent fundamental advantage, something -- and ideally multiple things -- unique and useful about the coin, in addition to its extrinsic value, that being the value that other people or other factors assign to it. But just because I like fundamentals doesn't mean I'll never sell it, take money whenever you make money, sometimes price is just going to triple no matter what you do, or what you think you know. Better to take money and not care what the market does immediately following, you can do it again on your own time. If BTC has a brutal correction, and I believe that day will come, it could cause interesting ripples throughout crypto. See below for some interesting trade ideas that have proven profitable.
NLong
by Piptocurrency
Edit: ETC Nut up or Shut Up! Ballsy Long TradesReposted for Visual Clarity: Hello, Lovely ChartHunter-PipGatherers, there are herds of mainstream altcoins to be harpooned right now, so I'm serving up some thoughts on ETC. Yes, I like big profits. Yes, fraudulent fools call me a "reckless cowboy." Yee-haw. I'm not going to go too much into the fundamentals other than to say this: know your FORKS from your spoons. ETH has dropped almost half of its price since I posted my short trade idea on it. If you were holding ETH you basically got squashed, lol. There may be a few bounces here and there but I believe ETH will continue to sell for a while, and looking for ETC to pick up lots of slack.The most fascinating part of this chart is that it appears to be the most oversold conditions ever on RSI for ETC. I like that. Keep Hunting Everyone.
Long
by Piptocurrency
2