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Inverse

Ethereum Showing WeaknessRight now, Ethereum is not showing the best signs of strength. 1.) Its current head and shoulder bottom has a downward slope, however, while Bitcoin has a horizontal slope proving how much more bullish bitcoin is comparatively. 2.) The bottom of the inverted head and shoulder did have less volume and it did show a bullish divergence which gives this inverted head and shoulder more robustness. 3.) The breakout was much weaker than I expected, especially for Ethereum, it barely made it past the neckline. Currently: 4.) Ethereum is at the neckline, retesting it, but that is okay, so long as it does not pass the neckline it will not compromise the inverse head and shoulder. This means it would need some independence from bitcoin. A successful repulsion of the movement down would place the price objective of the inverse head and shoulders around 570.
BITFINEX:ETHUSD
by CuddlyCuddles
AE Aeternity Inverse H&S w/ nested Cup and Handle Rocketship?Hi. I'm back. Missed you all. We have a good scenario brewing with our old friend AE right now. Multiple bullish formations nested within a giant bull flag. This is a rarity and does not get much better than this. 8 hour chart shows we are above the 100 ema, which is providing strong support (coincidentally the bottom of the flag). Entry should be placed upon a breakout of the indicated cup and handle neckline. Stop loss along the green support line. Macd has crossed and rsi provides room for growth. First and second targets noted. Good luck and happy trading.
ALong
by ninjacookies
2
OMG - Small Dip then MoonOversold on the RSI, Stoch RSI has bearish cross. Forming an inverse head and shoulders pattern. Hold off on buying for a couple weeks and watch for the shoulder to form. I'm hoping for a dip of about 10%. Remember, with another crypto bull market beginning to form, pumps can happen very quick, so watch closely! Or, buy now and stay on the safe side, we will see some serious gains soon. :) OMG has been on a lot of peoples watch list since its release. 2018 will be a big year for OMG, with the wallet and staking going live during Q2 this year. When it first released, the hype for OMG was huge, but it slowly died down. With the live product coming closer and closer, expect that hype to build back up, as well as staking to remove portion of the token supply being traded.
Long
by green_brow
XMRUSD MONERO LONG!!!Inverse head and shoulders forming on the 4h time frame with a break and retest of neckline occurring. 4h also reveals the formation of a higher high On the Daily, there is bearish convergence on the RSI, signalling a trend reversal to the upside. Price on the Daily has also rejected the 61% fibonacci previously and has done so again. This is also reinforced by the lower bound of the wedge formation, creating strong support. Price is expected to test the higher bound of this wedge formation at which our TP will be set Entry:$214 TP: $320 SL:$178
BITFINEX:XMRUSDLong
by MayerFX
We officially have gone above the neckline!We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as well...we also want to see a huge swell in bullish volume to help confirm it. Also always good to double check indicators such as mac d and rsi to be safe....the biggest confirmation won't be until we have closed to 1day candles above the neckline...however 2 4hr candles closing above is a really good sign...I would even tread lightly and wait for a 3rd 4 hr candle if I was being super conservative. We may very well see the price dip back udner the neckline as a false breakout initially though so be prepared if that happens I imagine it will only take another day or 2 max before we get a legitimate breakout. Of course, this could be the legitimate breakout and we might not even ahve to worry about any fake outs. Best to be patient and see just to be safe though.
BITFINEX:BTCUSDLong
by DrDovetail
NEXT UP: BITCOIN In Major Fight Against Reigning Champion! SIGH.Hello Friends & Family, Ladies and Gentleman Tomorrow... we are going to witness, the most anticipated match in the history of crypto trading for the heavy weight championship of the Woooorld! In the blue corner, we have BITCOIN, up and coming super star with a record of 10 wins and only 3 losses. In the red corner we have THE reigning, undisputed champion of the World, Mister 11,8K, with 25 wins and only 1 loss! Are you ready?? Cryyypto-faans, aaaaare youuuuu reeeeady?? For the millions of people watching around the world, live directly from TradingView, ladies and gentleman, aaaare you reaaady to ruuuuuuuuuuuuuuumblee?? We are now taking a look at the 4h BTCUSD Chart. D4rkEnergYs 55 % scenario has been spot on so far. We are finally in an uptrend with the EMA50 way under us. The EMA100 are almost crossing the EMA200. Life IS indeed wonderful! As you can see, we are still on the 3rd subwave on the 5th Elliot Wave. That means we are still cruising up, up, up. I want to you take notice of the RSI. If we don't manage to make 3 higher highs, we will very soon have a smaller correction, before we reach our first target at 11,8k, due to the ascending wedge on the RSI. But don't it let scare you. I also want you to pay attention to the MACD, how the bulls 2 times managed to reject a bearish MACD-Cross. Last but not least. Many people have mentioned the lack of volume lately. And you guys are right. But there is a reason. In other markets when you shift into an uptrend we usually see more volume. The reason why that's not the case here is because the crypto market is still new, and we don't have big institutional buyers yet. But don't let it fool you. So D4 is still super bullish on BTC, and it will only be a matter of time before we will stand face to face with the reigning champion of the World, Mister 11,8k! This will indeed be a tough match, but as I already predicted many weeks ago: Bitcoin WILL WIN in the end due to the inverse HS pattern and the new trust in the market. I will follow up, and give you guys updates. Please hit that LIKE BUTTON and FOLLOW. Thank you so much <3 D4 is everywhere D4 predicts everything
BITFINEX:BTCUSD
by D4rkEnergY
41
Bitcoin (BTC) vs. All Other Coins. Macro Trend AnalysisCEXIO:BTCUSD has slow transaction times, expensive fees, and limited functionality compared to many altcoins. I must admit, however, that CEXIO:BTCUSD largely dictates the market behavior of nearly every other coin. If you're like me, you've seen your altcoins bleed out to CEXIO:BTCUSD as it is making its latest bull run. But why is this? In this longer analysis/discussion post, I'll explain my thoughts on this subject and discuss how to profit off of CEXIO:BTCUSD in the short-term, and altcoins in the long-term. The last BTC bull run (July 2017 - December 2017) While other coins did do well during this period, we all saw the influx of new capital into the crypto market. CEXIO:BTCUSD ran up nearly 5x during this time and FOMO overtook novice investors looking to get in on the gains. I'd argue that much of the new money knew very little about the crypto space, and even fewer actually understood the technology behind CEXIO:BTCUSD and altcoins. BTC flattens out (December 2017 - mid-January 2018 The slight recovery for 20k down to 17k was much needed and did not signal the beginning of the pullback that we saw starting a month ago. In that time, I made a killing in mid-cap and small-cap coins that were underpriced compared to CEXIO:BTCUSD . The behavior that we saw here was not the new novice investors, but largely smart money moving in to capitalize on altcoins. During this time, we still saw new money pouring into the crypto space. With CEXIO:BTCUSD holding relatively stable, it seemed that the inflow of money into CEXIO:BTCUSD balanced the flow of money from CEXIO:BTCUSD to altcoins. At this point, we saw whales and smart money take profits and begin the descending channel. BTC crashes (mid-January 2018 - early February) Weak hands, weak hands, weak hands. This correction was absolutely needed, as the growth that we saw in CEXIO:BTCUSD with the influx of new money was not sustainable. Talk to any novice that got in at 15k+, and they'd tell you that the price of CEXIO:BTCUSD was cheap compared to its 50k/100k targets that they saw. These targets were not realistic in the short-term, but may be in the long-term. And as they saw their investment value fall and retrace up to 70%, they decided to cut their losses and pull out. For the new investor, losing that much money that quickly is a difficult thing to deal with. But if you buy into an overpriced market, what else do you expect? BTC is oversold and now recovering (early February - today) With the frenzied selling over, we saw smart money transfer that took profits early buy back in after the crash. However, the difference that we see here is that there isn't new money, or at least not as much, pouring into the market. Where does this money come from? ALTS! We're seeing nearly every altcoin lose ground to CEXIO:BTCUSD as investors try and ride the recovery up. ... To be continued in the next comment ...
BLong
by dsgorthy