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XRP/BTC - I'm Still Seeing Downside on this Paring! Short video highlighting why I'm still seeing some downside out of XRP/BTC. At the moment, price action is playing out as i expected and mentioned in my last two videos (see links). My charts are not telling me anything different at the moment, so I'll keep that biases. I mention generally two areas, i think price will move too before heading back up, but only time will tell if that plays out. Hope you enjoyed... give a like and leave a comment letting me know your thoughts. 2/17 - Video 2/15 link is the related video
XShort
by Crypto_Sid
LTC/USD - Double Bottom Target Hit - Whats Next?So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed. I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't. I hope you enjoyed the video... give me a like and leave a comment.
COINBASE:LTCUSDLong
by Crypto_Sid
2
XRP/USD - Did We Bottom - Now To The Top?This is a follow up to last nights video on XRP/USD. We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90. The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price move down and retest the 200EMA, but at these discount prices, I would expect to see some quick buying action push price back up. I hope you enjoyed the video, give me a like and leave a comment... good or bad!
BITSTAMP:XRPUSDLong
by Crypto_Sid
7
BTCUSD - We Got Low Got Low - Is 7K Around Corner?Quick up date this evening BTC and a follow on to my previous video. Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2. I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up great buying opportunities. Below is the link to last nights video! I hope you enjoyed the video, like, share and leave me a comment even if to just say hi. And follow to stay up today with my updates.
BITSTAMP:BTCUSDLong
by Crypto_Sid
XRP/BTC - The Slide Continues Quick update this morning on XRP. This is playing out as indicate in my previous post on XRP video (Linked Below). Price has just broken an uptrend line on the 4HR chart. The daily candle forming is indicate it will close below this trend line as well (watch it's closed today). And the 1HR has a break, close and retest of the trend line playing out right now. Definitely think we are going to see a continuation of downward movement here possible see another bounce as we did back on Jan 16th & 17th at the Weekly .618 and Daily .786 fib replacements. I'm long on XRP and have multiple entries already. I think current price is a great buy, but i will only be adding if price does move or spike into that lower fib level. Check out the charts for more notes. Daily 1HR 4HR
XLong
by Crypto_Sid
Fibonacci numbers detected on the time axis. 3rd wave to go. 1 bar = 4 hours. The distances between the tops and the bottoms of the latest price movements returns us almost perfect Fibonacci match: * 13 + 22 -> 36 * 36 + 22 -> 59 * 36 + 59 -> 95 * 95 + 59 -> 154 / 4h = 27d for the 3rd wave 95th bar (ending of the 2nd wave) falls on the 15th of January, so I expect that current movement down can last up to 3 more days and the price can get a bit below $13000. If the price will reverse here, the next upward movement could last for around 27 days and bring us to the new heights. It can be interpreted as the 3-rd impulse wave. The 2nd corrective wave has almost reached the bottom of the 1st wave. The 3-rd wave can be long and powerful.
BITSTAMP:BTCUSDLong
by DmitriKnjazev
3
Bitcoin: BTCUST Big .618 Fibo: still bearish Bitcoin BTCUSD Apologies for leaving Bitcoin unattended yesterday, busy with other business. It was left 'positive whilst above 15485'. Well that didn't last long. This level was lost to bears early in London yesterday and the subsequent rally took BTC all the way back to up to the 15485 blue line precisely - before falling away again by 1800 points. It was strong above this line and weak below it...but why so weak? Readers will know that usually not much heed is paid to Fibonacci levels - they tend to work sometimes in FX markets - and for every .618 that can be produced, there are 12 more that can't - so they do occur, but as a trading tool they are not much use to us, about 90% of the time. But for once it just could be that Fibonacci has revealed a bigger, more frightening pattern hiding in the noise...Bitcoin is a currency after all. If you were looking for one last 'hurrah', one last 'suckers' rally' it would to sell the .618 retracement of the entire decline from the high just under 20,000 to the low just above 11,000 (on Bitstamp feed). And guess where that .618 would take Bitcoin up to before the real real decline then sets in ? That would be 16394 for the next rally high...followed by the REAL decline and fall. Bitcoin in fact made a high in China the night before last at 16476, just 29 points above the blue line and next upside target at 16447 - it fell 2000 points over the next 11 hours before rallying 1000 (exactly 50% of the previous decline) to 15485 key level for the day and reached at midnight GMT (10 hours ago now) before falling away again by another 1800 points. So Bitcoin continues to behave technically by the book. But this is bad side of Bitcoin we're seeing now, not the good. And that big Fibo says it's not over yet. We are not looking to buy again yet until the dust settles, and that won't be soon by look of chart at moment. This little rally from usual 5-6am GMT lows is not to be trusted. We look to short it from higher up...(or keep all powder dry until we see a proper bottom defined further out in time, which we will try to get close to when it comes). It can rally to 14539 and perhaps push into the next line of resistance above here, at 14648-14700 but not much higher (for sure 15485, which was support yesterday, is now resistance and is unlikely to be breached until the downside has been tested first now. Can also sling a support line under the lows of the day so far to give a short signal - look to short once broken..should test the underside of this trend line once broken lower and recoil down again...can short then with stops above the line by at least 50 points . Otherwise we stay on the sidelines.. This is no place for brave buys. We wait. Bitcoin is getting interesting, buyt for all the wrong reasons now. But soon this will present an opportunity. For most then, powder dry. We wait. Like ravens have to wait for the wolf to finish his dinner, so must we.
BITSTAMP:BTCUSDShort
by sumastardon
3