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NEO vs Bitcoin Approaching Decision PointToday NEO has approached strong support area, which could be a decision point for the upcoming move. The support is based at btc 0.0055 area, which is confirmed by two Fibonacci retracement levels. First is 127.2% Fibs applied to the 18.03 - 30.04 corrective wave up. Second Fibs is applied to the corrective wave up after the break of the previous low, formed on the 18.03. The support seems very strong and if rejected, NEO/BTC could starting moving up. But for this another confirmation would be an advantage, and break and close above the btc 0.006 could be it. On a downside, if NEO breaks below $0.0054 with confidence, further downtrend should be expected.
by CryptoPAMM
BTCUSD Sunday Chart Update and Key Trade-Points TodayBitcoin Sunday Chart Update and Key Trade Points So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600 precisely). It carries with it a minimum implied upside target at 8163 on Bitfinex. But in the near term Bitcoin has made an 07:30gmt break higher from the 7644 line as it did yesterday too -before spending 24 hours moving sideways again. The new normal. Sheesh. Every break higher is getting faded now for hours and hours after the intial impulse. £0 minutes of action followed by 24 hours of continuation. Just like fishing on a slow day :( But this break today is still potentially significant. We now have a technical battle emerging between the power of the RHS on upside and the power of the upper dynamic of a loosely defined rising wedge-like formation on the downside, both in opposition to each-other, one a positive force and the other negative. So we can spend quite some time today in yet another continuation pattern with support at 7700 and extending to the lower parallel of the newly forming pattern from the intra-day high. Both these opposing patterns are powerful. Which pattern will prove stronger ? Well, so long as the dynamic which forms the lows of the right shoulder holds up on retests today the likelihood is that eventually the break will be higher and not lower. If so other than buying the dip to 7700 and below to 7768 and maybe to the 7644 line the only other option is to buy the break above the upper small falling dynamic from the intra-day high when and if it comes later on - need a volume spurt to follow it to know it's good - but the pattern is still overall positive at this point and the uppermost risng dynamic which capped the high today so far, is beginning to lose its power and on the 5th strike it should break too. That will open the way for a RHS to take control and begin to drive price towards the upside target at 8163. Returning to the downside Bitcoin has to break below the risng dynamic underpinning the lows of the right shoulder of the RHS to start flipping longs out back to 7644 and if this then fails to the neck-line itself again at 7600. This level must hold up throughout the day from here. Any failure by more than 15 points will flip Bitcoin back into bear hands, signalling ultimate failure of the RHS and trigger a short from this point with stops 50 points or so higher if struck later.
BITFINEX:BTCUSDLong
by sumastardon
ETHUSD Update and Key Levels AheadETHUSD Update and Key Levels Ahead Won't quit - grinding higher off a new little dynamic still forming - so far so good still. First support for day traders at 589. Then Near term support building at 564 with more important medium term support at 543. On the upside we can see clear congestion at 610 up to 615 - an eventual break and hold above here would be very bullish for the more medium term, tempting more buyers long to 643 in the nearterm and then in stages to 685 and higher still in medium term. The 609/615 range therefore looks quite likely to be the key area to watch and trade off over the coming days here.
BITFINEX:ETHUSDLong
by sumastardon
4
WhiteCoin VS Bitcoin Approaching Key ResistanceIn the beginning of May, WhiteCoin has found the support at 88.6% Fibonacci retracement level, that is 635 satoshis. Since then XWC/BTC has been going up exponentially and has already reached 2180 satoshis, providing a strong 250% gain over Bitcoin. But how far can it go, and will it stop growing any time soon? Well, today WhiteCoin has broke above the 61.8% Fibs, that is 1980 satoshis and the nearest strong resistance is at 76.4% Fibs - 2370 satoshis. This level could be the key resistance of the XWC, which should potentially provide more insight on further price development. While th 2370 satoshis target is expected to be reached very soon, the correctional move down first is also possible. The short term buying opportunities are there, but the key resistance must be watched closely.
Long
by CryptoPAMM
GameCredits VS Bitcoin Upside PotentialGameCredits has found the support at 88.6% Fibonacci retracement level, that is 14k satoshis. The support has been rejected several times on a daily time-frame, followed by the move higher and break above the 50 Moving Average. Currently the Moving Average is acting as the support and this could be the starting point for the uptrend continuation. The key resistance is seen at 55k satoshis area, that is confirmed by two Fibs.  Although the consolidation could take place now, the uptrend seem to be in place and should continue shortly, but only break and close below 13k satoshis support could invalidate bullish outlook.
GLong
by CryptoPAMM
2
BTCUSD Key Levels for Longs TodayBitcoin Coinbase Update 12:52gmt 07:52est Although it's rallied above the 8768 line and held the the little retest the rally from there has been very lame so far. Looks to be waiting for more buyers going into US open. They need to be there or this long shot will get stopped ...raising stop to 8810 as if it gets hit it will come back to the 8768 line again most probably. If so will look to buy again around there if stopped out at 8809. It will need some volume to arrive soon along with buying interest for this long to stay good from here. Bitcoin Update Coinbase 10:53gmt 05:53est Since making a high at 9763 and missing the upside target by fully 100 points - sorry for that, missed it by a country mile - Bitcoin has lost nearly 1200 points and is now resting on the lower parallel. But there is little interest showing right now, even at these lower levels. A safer potential long lies not far above here and it looks prudent to wait for better confirmation than we have right now as this continued lack of interest is making a long from here just too risky. It has to break back above the dynamic from the recent high to attract any more buyers. It's a safer buy/add only once it can achieve this, needing to break and hold above the 8768 line as it does so with stops below 8750 when broken above. Small spikes above and below price on the 15 minute chart shows the indecision here at the 8700 level On the downside Bitcoin has to break below 8600 to trigger further weakness/short back to 7760 and 7584 .
COINBASE:BTCUSDLong
by sumastardon
4
Stratis VS Bitcoin Moving Towards Key ResistanceStratis seem to start getting the upside momentum against the Bitcoin. STR/BTC found the bottom at 46k satoshis, went up  and then rejected 8/1 Gann Fan trendline. Since then Stratis has been moving steadily upwards and recently broke above the 68k satoshis resistance as well as the 200 Moving Average. Price has been consolidating for the past week and now the next wave up could be just around the corner. The upside target is seen at 50% Fibonacci retracement level that is 100k satoshis, that is not also technical but also a key psychological resistance level. The growth could be exponential and price could reach the resistance in the matter of days. Nevertheless, price could correct down to the Gann Fan uptrend trendline prior to the strong growth. The 100k satoshis area should play an important role in further price development and should be watched closely.
SLong
by CryptoPAMM
Bitcoin: BTCUSD Key Levels and Breaks for Sunday Trades Bitcoin Bitfinex Feed Sunday Update The first short yesterday from 7049 was stopped out at 7061 for a 12 point loss. Bitcoin went on to make a high after that at 7071 - a poor stop by 12 points. This is my bad here, not the chart's - just a poorly judged spot for the stop. Sorry for that one. Anyway the second time it broke 7050 gave another chance to short and this time when it next counter-rallied the high was 7038 and the short stayed good if you took it on the second time around. The low today is 6615 on Bitfinex. Last gasp support today lies in an 80 point range from 6615 down to 6535. Bitcoin should try a rally attempt from here so look to close out shorts in this range. The next short from here triggers once 6600 is broken, aiming for another test of 6000 with stops 50 or more higher once broken. On upside some day traders will reverse long down at these levels for a test of the falling dynamic at around 6850 but it's quite a risky trade and until that same litttle dynamic is broken to the upside Bitcoin will remain vulnerable. The rally we are seeing now should stop there and day traders will likely close out longs there at around 6863. Bitcoin will have to break above this dynamic for the rally to be worth following higher to 7221 with stops under the dynamic when broken above. But any potential swing longs will have to wait for 7221 to be broken above to follow long with stops 50 or more lower. Until we see that happen Bitcoin remains under pressure but cannot be shorted again from here until 6600 breaks.
BITFINEX:BTCUSD
by sumastardon
12
BTCUSD Bitcoin Key Levels for Wednesday TradesBitcoin Wednesday Update Key Levels Today Altough we made over 500 points on the downside yesterday and 200 or so on the upside the last long from from 10755 went wrong and we were stopped out for around a 50 point loss. Sorry for that one. Bitcoin has since fallen away and back down the same parallels after making lows at 10400 on Bitfinex in Europe. A little morning buying interest has pushed Bitcoin back up to retest the upper parallel and it is trying hard to break above it now. But it's still too early to think about a long from here. Need to see it break higher still and reclaim 10625 on Bitfinex to trigger a long now, looking to buy the next dip once 10625 is beaten with stops 125 or so lower. Until then, no long trade looks feasible right now. And on the downside Bitcoin is still stuggling and vulnerable whilst trapped within the parallels of the impulse wave. A break below 10400 here by much more than 10 points will tip it back into bear hands and force it lower still, down through the blue support lines as low as 9285. A potential long trade set-up and also a big short if triggered too. The chart will decide the next move and trade for us from here. We can follow.
BITFINEX:BTCUSD
by sumastardon
14
BTCUSD Bitcoin Key Levels TodayBitcoin BTCUSD Key Levels Today Busted out of the long just under the target at 11738 on the Bitfinex feed with the high at 11700, some 38 points shy of the final completion target. Cruel Bitcoin. We were looking to short from the target - those who did so have been rewarded for their courage. If you were one of them then well done to you. It was close to perfection, but not exact. Sorry for that. So now we are short and looking for a test of 10740 line here before a decent bounce where we can look to close out any shorts - think it will bounce but fail here later, coming back to the lower parallel at 10448 on Bitfinex where it should begin to rally again. At all costs 10448 must continue to hold up throughout the day today. For any failure here would tip Bitcoin back into the hands of the bears again who won't release their hold until 9285 is tested. If we see this develop today we can short again - but right now we need to keep an eye on the lowest parallel at 10448. It must hold up today if we are to avoid a serious day of damage unfolding right across the entire market. * For updates in real-time please see top left of main page
BITFINEX:BTCUSDShort
by sumastardon
37
Bitcoin: BTCUSD Key Lines and Levels for Sunday TradesBitcoin Sunday Update Key Lines and Levels Today Overnight Bitcoin has made a minor double top at 11530-11500 with a rejection spike into the secondary high showing loss of upside momentum and the first sign that this rally is showing of running out of steam here. In the process it has lost the support of the lower big rising parallel and is now making a continuation pattern within a smaller set of declining parallels which are guiding the current descent. We were using the lower rising parallel as the final trigger to close down longs and so should have been busted out around 11230-11190 range for a smallish 280 or point profit on a trade which went wrong on us overnight. Not great. But we've still bagged 1424 points of profit here over this last week so it's not all bad news. But it was disappointing that the next target at 11790 was never met overnight all the same as we were looking to short from there when touched. Too bad. We begin again... Bitcoin is currently trapped between the declining parallels of the continuation pattern but we cannot consider buying again unless and until the upper parallel is broken above at which point we can enter long once more with stops 50 or so below the break point/upper parallel. Day traders will play the parallels in the interim, looking to buy off the lower parallel and sell again off the upper. But there is resistance at the 11192 line and it must break above here for day traders to stay long now for another 200 points back to 11300-11310 and the junction where the parallels intersect- For the rest of us looking for the next swing trade, we have to wait to get long until that upper falling parallel has been broken above and has been retaken by the bulls and held. Then we can follow. Until we see this price action develop we wait and watch. We may get an opportunity to get long from much lower down yet...but the break of the lower rising parallel is not helpful to the bull case and some day traders are shorting from the 11192 line with stops above in the belief that upside momentum is spent, so we have an eachway push and pull which day traders are playing, though not with much conviction either way so far. The rest of the market is watching and waiting for the next clear signal to enter. More as the move develops through the day - for fastest updates please see top left of main page
BITFINEX:BTCUSD
by sumastardon
18
VeChain At The Key SupportVeChain has reached the all-time high at $9.6, after which it corrected down to $2.6, losing 73% to the USD. Price failed to break with confidence below 61.8% Fibonacci retracement levels at $3.8 and below the 3/1 Gann Fan trendline, although it produced spikes lower. After reaching the low at $2.6, VeChain recovered reaching the $7.1, and managed to break above the 61.8% Fibonacci retracement level, suggesting the validity of the uptrend. But now, VEN/USD is trading at the key support area, and the daily close below $4.7 would confirm the support and the Gann Fann trendline breakout. In this case, the price is likely to move down once again towards either $3.8, $2.4 or $1.27 support levels.  However if VeChain will avoid daily close below $4.7, the price could continue moving higher and potentially hit the $10 psychological resistance level. In any case, the major trend is up, but the risk of further correction down remains.
V
by CryptoPAMM
1
Ripple Expected to Rise 30% Towards Key ResistanceRipple has found the bottom at $0.57 while forming a bullish divergence on the RSI oscillator. Price went up and broke above the downtrend trendline, that is 2/1 Gann Fan trendline, resulting in a 115% recovery from the bottom. XRP/USD started the consolidation between $0.89 and $1.25, although since 11th of February it looks like a slightly ascending trend. Yesterday price attempted to break below the uptrend trendline, although failed to close below, suggesting the Ripple should continue to move higher. The nearest resistance is at $1.45 which appears to be the key price to watch for and confirmed by two Fibonacci retracement levels, 76.4%, and 161.8%. Break above should confirm the continuation of the long-term uptrend and will invite big buyers to participate. On a downside, the nearest support is at $1, where daily break and close below might send Ripple back to $0.6-0.9 area.
POLONIEX:XRPUSDLong
by CryptoPAMM
3
Bitcoin BTCUSD Next Buy Points TodayBitcoin Thursday Update The devil fools with the best laid plans. By 22:39 we were looking for a rally to kick in from the lows at 10200 with 3 near term upside tagets in mind, at 10684 and then 10857 and 11180. Then, because Bitcoin never sleeps but unfortunately we do, set a stop on the long under 10400 for overnight - and it was taken out about half an hour later at around midnight gmt at around evens. MOFO. If you were more sensible you left your stop 'under 10270' as per 22:39 update - and Bitcoin then made a secondary low at 10296 line precisely before finally rallying away. A change of nearterm trend at around midnight, as we see so often. So a sensible/good stop was ruined by overcaution due to going into the overnight session and not being able to track Bitcoin live as a consequence. . M any apologies if you too raised the stop. Since then Bitcoin has rallied to the second target overnight at 10857, making high at 10915 on Bitfinex before once more falling away again. You win some and some you just break even. The perils of 24hour trading laid bare. Now Bitcoin is tracking down a new set of parallels after topping out at 06:30 gmt (change of trend again between 05:00 and 09:00 gmt, as so often) in what looks to be another continuation pattern. Looking to buy once price can escape the upper upper parallel to upside - not a spike - a break with some green candles emerging and some pick up in volume (or, more risky, on test of lower parallel at 10296- 10200 range with stops below 10200) - want to see Bitcoin halt and find some support at 10300-10200 range to follow long - otherwise can wait until the upper parallel is broken through on successsful retest from above once broken
BITFINEX:BTCUSD
by sumastardon
4
EURUSD: reverses at key resistance but uptrend intactThe EURUSD moved higher last week as price rebounded following a decline to 1.2200 area the previous week. Notice the false break of key resistance up near 1.2520 that occurred last Friday, eurusd weakness could continue this week as this is a formidable resistance level having given rise to a pin bar reversal a few weeks back. However, eurusd uptrend is still intact and so we are continuing to view any downward pullbacks as potential buying opportunities near support. We will look to be a buyer at or near 1.2200 near-term support or possibly the 21 day ema (blue level) following a clear 4-hour or daily eurusd
by PkTk13
1
FTSE 100: UK100 Key levels and Trade Set-ups todayFTSE 100 UK 100GBP Key Levels and Trade set-ups today This chart shows FTSE's great 9 year rally from start point at the lows of 2009 to the end point on 11.01.18. This cycle forms part a longer 9 year year cycle that was described and shown in last FTSE comment. The lines of support and resistance are clear and should be helpful in coming trades... FTSE has bounced excatly where it should have (last comment) and rallied to exactly where it should have within 3 points or so. Day traders and bottom fishers have closed out where you'd expect looking at the lines and now left FTSE vulnerable to further selling pressure...looks quite likely to restest the 7085 line here and if this cannot hold it will fall away further still to 6904 and just under to 6870 - but it should try to put up a fight at 7085 if tested later - it's most likely the key level today, being positive above here and negative below. On upside it has to break above 7210 and hold to trigger a long up to 7294. Markets are due to remain voolatile - A break below/above any blue line should lead to a test of the next one. But run stops around 30 points higher/lower than the trigger levels and trail up/down. Still expect a bottom to be reached between 3rd and 10th March as per last comment but it can whipsaw in between and should present some decent trades (with stops) as a result.
OANDA:UK100GBP
by sumastardon