Forcast
Ethereum Tumbles AGAIN!! Another 52% to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
KRAKEN:ETHUSD is on a heavy spiral down
KRAKEN:ETHUSD is down by more than 91% this year!!. We are looking for another significant drop to the @53 level, thats another 52% wow! There is really no support line so watch is dive quickly!!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Update idea
Quarkchain!! How low can it go?? Much further to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Short Position BINANCE:QKCBTC
Chart Time frame - 4 Hourly
Timeframe - Day trade
Actions on -
A – Activating Event
Trade unable to push above the 0.00000934 level. This trade has failed to push up to recent highs.
B – Beliefs
Trade will move to next support line @0.00000647 level.
BINANCE:QKCBTC
Follow your trading plan, remain disciplined and keep learning :)
Happy trading :)
Cardano's INV HS is stil in play!hello guys,
here is another perspective of my previous analysis instead i have drawn it on the 4h chart!
as you can see ADA is forming Inverted head n' shoulder .
you can see on the blue falling wedge that we stil have room to drop.
the rsi shows we are expecting more downside but thats ok ,if the blue falling wedge plays out everything would go as planned.
target: 1420 sats
my previous analysis:
powr/btc potential holding over 20ema and did pass 50ema yesterday. if market behaves could see power ledger being some of the first to start moving upward but could still see a fall back. if just entering on this coin keep stop loss close
can also see DMI is staying on the + side and looking to be bending up. can also use this as an indicator to sell if it crosses red line after touching stop loss 1.
as marked.
loss
SL1 2765
SL2 2430
profit
TP1 3281
TP2 3794
TP3 4248
TP4 5031
good luck :)
Bull's Vs. Bears all or nothing, FINAL EFFORT FOR BULL MARKETAs you guys can tell, I have been extremely excited lately, and watching bitcoin in good health and strength is really satisfying. Although you can make money at greater speed shorting, there is nothing that satisfies the spirit as a strong bull market. This is the last and the final battle for bitcoins longer term future right here, and its exciting.
IF you have been following my channel, then you do understand that I have been talking about a double bottom and a descending triangle, well, I have taken a macro picture of the last 6-7 months, because right now is a good time for a macro picture, so we can understand what is happening and what could happen in bitcoin's future. In the off color blue circles, I have highlighted the points of the bottom, the purple trendlines are the trendlines of the descending triangle and the light blue trendline is the trendline of the symmetrical triangle that bitcoin fell out of. The red bars are a point of strong resistance and the red line is a point of strong resistance.
Understand that supports do become resistance, and vice versa, currently bitcoin's price is under the previous support of the symmetrical triangle which is now resistance, in addition, it is also around a point that was its previous support and a good amount of trading had taken place there. In addition, the 100 day simple moving average will be converging on that position as well. So my point is there will be an extraordinary amount of resistance there.
Generally speaking, a head and shoulder pattern has an 85% chance of hitting its price objective in addition to being a trend reversal pattern, so this will be a battle to be felt and seen.
Key Points:
1.) A lot of different points of resistance are converging around the 7500 and the 8000 region. This includes the 100 Day MA, Symmetrical triangle both the resistance and the previous support.
2.) The Bulls look strong and they have a strong probability of hitting 7800-7900 and they have a determined trend reversal pattern.
3.) Rejection or significant penetration of 7900-8000 levels will determine whether we remain in the bear market or whether we enter a bull market.
Trade smart, hedge risk, and make some money!
Previous Analysis
Bitcoin to 6.9k or 7.4k before 4.7kBitcoin inverse chart tells us that we are still in a bear market until we close near 4.7k--which also means that there might be a flush daily candle with wicks in lower 4k.
based on the information provided, 6.9 and 7.4k are the bull targets for now. Reasons:
- Guppy stretched
- reversal daily candle
- fib ext. 0.78 confluence with fib retrace 0.3 -->6.9k
- fib ext. 0.61 confluence with fib retrace 0.5-->7.4k
Note: this will be invalid if weekly closes under previous low of 5.8k
Note: I'm using what i call the lucky waves-->7 waves. i also use devil waves-->9 waves. only personal tweaks.
Altcoiners as mentioned before, could be going shopping if they haven't. but remind you, this mini bull will only last until September or late November at its latest--and trend(bear market) continues.
WTI/Crude Oil from $66 to 90$As Crude Oil productions flatten in 2018, the price will have to revisit $66-$69$ marks soon enough--Rsi is overbought as well.
90$ should be reached before oil productions increase (higher supply than demand) leading to falling prices-->real financial market collapse.
Leaving it here only as a timestamp for myself and the folks interested in strategic/long-term analysis.
Stay Ahead,
@AresTrade
$BNB #Binancecoin - IS THERE ANYTHING THAT CAN STOP $BNB ???Hello Lads and Ladies,
Today we are looking into a truly amazing coin, that is making news in the last couple of days - BNBBTC.
BNBBTC seems to have one of the most increasing trendlines that it has never left or crossed!! It experiences constant pushes of 10% to 30% and has a retracement towards the increasing trend line, where it again has a tremendous push. These pushes continue most of the time in 3 stages, which have small retracements and then again a big breakout. The farther away the chart is from the uptrend line, the longer it takes for it to come back and retrace to it. Anyhow, as soon as it touches it again, there is a push almost guaranteed.
Right now it seems like we are at the second stage and will see a third push very soon again.
This is basically all you have to know about this BNBBTC chart, get in when it is at the green trend line and get out, when you are happy with the profits, wait for it to retrace and get in again.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Get Ready For a Easy Gain :)hey guys , so as you can see , bitcoin is near a really heavy support level which we have seen touching it so many times , so i think its a really good opportunity to enter around 7000$ to 6900$ and wait until it goes around 8500$
whats your idea?
please comment down below
thanks ;)
BTC Bullish - Is There Room To Run?BTC Bullish - Is There Room To Run?
Keys To The Chart
Red Danger Zone 1 - Heavy resistance 8375 to 8475
Red Danger Zone 2 - Confluence of resistance indicators $8950 - $9225
The Yellow Circles are zones of maximum risk to upside movement.
The 50 Period MA has crossed upward on the 200 MA. That is where the current leg up started. But notice that the 50 MA is also respecting the bottom of the ascending triangle as well, could this point to the floor of BTCs safe downside price in the current leg?
Bitcoin is trading in a small channel bounded by turquoise trend lines. A break to the upside leads directly into heavy price resistance in Red Zone1. A break from the channel to the downside points to the 200 period MA line (yellow) and the Fibonacci line at $7829 for support on the downside. A small rebound on the way down is likely at the 200 MA.
It seems to me that this Bitcoin market needs a stronger corrective move at this time in order to get some legs under it for an upward move that should carry to $11,600 with some stops along the way.
The dotted turquoise lines forming an upward pointing cone illustrate the projected path of possible trading before a breakout to a corrective move. I feel this is the best depiction of the price move upward that is currently happening. As the cone tightens, BTC will likely fail to hold its upward movement in the area of $9000 and take a sharp downward path to shake it off.
There is resistance at 6514 that is noteworthy and this could be the rebound point. If not then we must test the $5950 area.
Summary: There is money to be made here if you are nimble enough. This is no place for investors to play the market, or the less experienced. Maybe some room here to take some shorts with a stop loss above the 200 MA if you play margin, I don't and I don't recommend it. The crypto markets just move too fast.
I would not enter a long trade or a swing trade here either, better deals are coming soon.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
XVG-Verge/BTC /Triangular signal/Let's get the industry to know if it's going to get closer to the Crypto industry, or Verge will find himself a virgin
And remember, buy cheap and sell dear. :)