Excessivetrading
The BEARS' triangle patternThis continuation patterns work on crypto as we have seen until now. So this might be another case of easy money for the traders and it's correlated with the BTCusd possible downtrend FLAG pattern. So watch out because LTC might gain not only for the USD but also VS. the BTC!
ADVICE IN THIS SITUATION: Use STOP pending orders with SL!
Good luck traders and manage your risk well!
Only if it's a FLAG out thereIf there is a FLAG (classic) on the BTCUSD we might see the drop that everyone was looking for since a couple of weeks ago. The divergence (RSI Daily) will reset by consuming a short sell movement and we can have another range testing first and then confirming the 5k$ support.
ADVICE THIS TIME: Use STOP pending orders with stop loss when trading the FLAG pattern.
Good luck trading!
Okay and what now?So this ETHBTC is has a technical setup that makes me think I should be in ETH and get ready to moon. But you can never know!
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How do you find this scenario?Yellow - BTCUSD
Green - ETHBTC
Blue - ETHUSD
Just an idea for some fun forecasting. Please tell what you think, yes or no? :P What if this is exactly what's going to happen?! It's a very long shot and this is only having fun with charts. Take care and take profits!
Write a comment!
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Short correction for the divergence's sakeShort correction for the divergence's sake and we'll see it again from there! Divergence on Daily
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TenX catch up with Mona.Co -> The crypto CARDS BATTLEThis end of the month and the start of Sep. might just be the perfect timing for BITTREX:PAYBTC to kick itself up and bring some profits to it's holders! I am thinking about buying some for myself right now! Please tell me what you think!
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Correction is coming3 of the reasons
Technical:
Divergence on RSI
Fundamental:
North Korea vs. Trump not starting a war
Last vacation time/ period for the summer
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N. Korea and GOLDIf the panic will keep rising and the tensions won't stop between USA and N. Korea, I guess OANDA:XAUUSD might have a big rise, as many gold traders are expecting. We saw the quick money from Japan and other ASIA how they went to BITSTAMP:BTCUSD and sometime in the next week or two, it will be GOLD's turn to get some money and gain some value.
N Korea and S&P500The USD is still offering a clear path for SPX500 and the stock markets are still up for a bull run. But some corrections are normal so this is the time that we are waiting to see if we buy at lower prices or if we are still going up with the normal trend. My guess is that if the N. Korea conflict does not turn into a war, we'll have a major pump again, just before the middle of the autumn kicks in. But if things will get ugly and bombs will drop, the short correction will happen before the big pump in stocks. Let's see what happens!
I would like to see this happen for ZECOften times the divergence turns the trend around. I would like to see this on ZEC.
The support level looks good; even though the daily spike went down, it didn't close much lower.
It still has some resistance that comes from the fundamentals of ZEC, but my personal opinion is that the currency will find some good news in the coming days/week.
So the lower movements of ZEC might just be a discounting pattern to get rid of the scared and unexperienced buyers that have no patience and no discipline.
It is a risky trade to buy ZCASH but this job is all about taking the calculated risks.
There is also a divergence between the price of BTC and the price of ZEC and IMHO this gap will be filled. I prefer to get a long position for ZEC, than a short one for BTC. It was a very very good time to hedge those two buy buying both!
POLONIEX:ZECBTC
KRAKEN:ZECUSD
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Taking the bull by the horns, again? Just a few daysKRAKEN:ETHUSD can have a few day to get ready for the next bull's triangle or accumulating for one of the classical continuation patterns (FLAG or something). BUT ONLY IF the Bitcoin will continue it's organic growth towards 3700-3900$ and will slowly form the classical trend of impulses and corrections towards a higher target.
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BITFINEX:ETHUSD & COINBASE:BTCUSD
Middle of the week possible correctionAs we already know the Bitcoin's uptrend is having it's corrections on Wednesday or Sunday. So it's around the middle of the week or the end/start of the week. This is an educational post that shows the possible correction happening in this timeframe, working it's way through the Fibo Fan and Retracement and might find the support for the next impulse at around 3000$.
What if it doesn't work for the correction and the price will not drop at all? Well, that will be again a short bubble of future pop and you will find the chance to get the lower price for a buy opportunity again, with a sudden drop like we had this year in June-July.
Keep calm and keep your profits!