Litecoin downtrendLitecoin appears to have started a downtrend here, same as pretty much everything else. Looking to short the .382 fib levels, rebuy in the golden pockets. Not financial advice, I may be completely wrong!
Goldenpocket
Short Term Bitcoin ForecastA of an ABC correction is in. most likely there will be a final push to new lows in January or spring of next year.
"LONG" USD Falling Wedge Pattern!!I believe we are in a falling wedge pattern which could potentially take us to 6.42 and coincides with the fib retracement( GOLDEN POCKET) between 0.618 and 0.65, the 200MA marks the end of the wedge and could be considered as strong support for this move upwards. Also there is strong hidden bullish divergence on MACD & RSI ...
- Ofcourse we must not disregard a few negatives which are that we have just had a death cross with the 50MA crossing the 100MA downwards.
I would love to hear your thoughts about this analysis, as i am always trying to learn and gain experince using different techniques!!
I am not trading this Trade nor do i advise on using it, this is purely educational purpose only.
Thank you.
Ambrosus - correction nearing completionAmbrosus is a low market cap coin with excellent fundamentals . After bottoming out in April, during an accumulation phase, it mooned, increasing its value by over 3x.
It is now undergoing its correction, giving us another chance to reload on this potential juggernaut.
First of all, it is probably in the midst of its macro wave 3 (Elliot Wave). The run up from April was very likely the wave 1 of the macro Wave 3, meaning that there is an impending Wave 3 of Wave 3, aka the king of all elliot impulse waves that are typically by far the strongest out there.
The fib retracement shows that we are right at the doorstep of the golden pocket, which is the zone between the .618 and .65 on the fib retracement (0.00005280 - .00005488 BTC), which is where the teal arrow on the chart points to. The golden pocket also happens to fall right on the target, designated by the yellow vertical line on the chart, derived from the head and shoulders pattern formed at the recent top at around 0.000095 BTC. We can also appreciate bullish divergence on the 1 hr chart (teal lines on chart). Finally ,we are in a falling channel/wedge, which usually break to the upside. All of these point to an excellent opportunity, imo.
I have already entered the trade early at .00005511 BTC. However, as per the TA, entry points:
0.00005289 - 0.00005540 depending on how conservative you are with your entry points.
Stop loss - .00005240
One point to keep in mind that there is a chance that AMB will continue down the falling channel/wedge a little bit more and correct to the 0.786 fib level (.000044), which is why we have the stop loss. This is unlikely imo, but nothing is certain in markets.
fundamental factors - supply chain coin, strong team, recently announced masternode program, impending partnership announcements supposedly with huge food and drug companies
not financial advice
08-04-2018 TRX/BTCTRX is in a ascending channel, indicators are showing upwards potential (bounce on RSI, Stoch oversold, bounce on 55 MA) and a bounce on the golden pocket retracement (.65 fib level). These are all indications of upwards movement.
If bitcoin stays stable or goes up it might be possible to hit somewhere in the 700ish satoshi level.
