#BITCOIN CASH X16We are awaiting the breach of the triangle to the upside, to go towards the targets
Tg1 : 940$
Tg2 : 17OO$
Tg3 : 38OO$
Elliott waves ABCDE
Kraken
Tezos Traders Looking Like They Will be Waiting LongerLooking like the Primary Wave 1 has completed with an expanding diagonal, and in the motion of Wave 2 here. Bearish Divergence playing out
I was looking at Tezos a bit more bullishly, until I zoomed out.
Not taking a position at this time.
1 More Leg Down for Bitcoin?The strength of Bitcoin looks to have topped off here. Feel like we will get 1 more leg down to test lower descending RSI Trendline, and from there we can look for the next bullish move.
Chainlink to Descend for Intermediate Wave C?Strength looks to be tapped here and potentially going to start a decline in Chainlink. From my wave count, this would put us into the intermediate Wave C, then completing the primary Wave 2 of one higher degree.
I am looking for Chainlink to re-test the ascending RSI Trendline I have set, with potential break below.
I am short from $17.34
BTC Analysis "SHORT"
Looking for a 20-30 % correction
4H candlesticks
This is just my example. Do your own research
There is always a possibility of it breaking the resistance trend line and going up to 14k!!
Pro Tip. The market never goes sideways, only up and down.
The Ethereum 2.0 Effect...bares the very real potential to take ETH back to €800 and beyond.
Looking forward!
What do you say?
Cheers
Long BTC, Hermès is coming 1. fib pullback 0. 5-0 .38, first long target: 8500-8888$
2. Currently, it is under a Descending channel but with shrinkage, the trend may be changed at any time, so wait and see. If there is a huge dump, then wait for the first target to buy, but if it falls below the lower boundary, the stop loss is decisive. If the huge jump appears, break above the pressure line and stand firmly at 9404$, just follow the trend and chase long.
3. The overall trend is still rising. The bull market pattern has not changed.
4. According to the Elliott Wave Theory, there will be a fifth wave in the future, long-term target position: 10400$-12000$-14000$
Hit like and support me!
Welcome to share your comments!
Bitcoin (XBTUSD) Aims Lower On 4h TimeframeXBTUSD (Bitcoin) continues to aim lower, the technicals here are pretty simple.
We have prices below EMA10, EMA50, and MA200.
The MACD is below zero while trending down.
The RSI has also broken below its bullish zone of 50.
The next strong support is sitting at the $8800/$9000 price range.
Conditions for change
XBTUSD breaking and closing above MA200 at $9435 invalidates the above analysis.
This is not financial advice.
Namaste.
Bitcoin View dd. 28-05-2020 updated! Use link 4 real chart!I posted on 28-05-2020 my Bitcoin view and to keep the view and updates transparent and verifiable i keep updating that view until we enter into a new state to make new projections about it.
I do not want to clutter updates with complete new ideas posting, that is why.
This way you can see the progress and development of the analysis to follow without losing the history of it (right or wrong. more posters should do it like that imo.)
Itis better to follow me to get the latest update on my Bitcoin view dd. 28-05-2020 then making news ideas all the time.
Discuss, follow to get the updates faster and like.
Happy Trading!
Dany
CryptoDesperado
Bitcoin due for a correctionHeikin Ashi has turned red, and the daily bollinger bands are signalling a move is coming.
Considering that SPX and bitcoin are both due for a correction and they're both correlated (due to the risky nature of the assets).
Also once a heikin ashi has turned red on the weekly which has also happened on SPX, DJI, Willshire 4500... The odds of the next 2 to 5 weeks giving low or negative return are roughly 80%
Bitcoin Dresses in Red, Where To Next?Bitcoin (XBTUSD) broke below support in the form of EMA10, EMA50, and EMA100.
Prices bounced after hitting EMA300 (gray line) but the bounce didn't lead to much.
We have a higher low when we look at the wick of the candle on 11-June compared to 2-June, but if you look at the candle closure we have a lower low. This is a bearish signal.
The RSI and MACD are now on the bearish zone and trending lower.
Bitcoin is now aiming lower.
First EMA300 at $9066 can be tested again if MA200 ($9409) working as support breaks.
Prices are likely to continue lower here based on current chart signals.
Conditions necessary for change
Bitcoin (XBTUSD) needs to move above the "resistance" for us to consider the bullish scenario... This is less probable right now.
Thanks a lot for your continued support.
Namaste.
[$BAT] Huge Time coming for BAT - Line are telling us :)Many lines come to an final ending point... Right Now !
Support has been turned to Resistance but volume are kicking in and may brake the downline trend.
Watch this upcoming firework!
trade safe , stay safe
PEACE
Pretty strong weekly resistance in the TOTAL crypto M.CAP.Hello everyone,
In addition to BTC sitting right at the resistance i've noticed that the crypto Total M.CAP is sitting right at resistance here.
We either get a serious break out or go down up to like 20% next week. The oscilliators are kind of showing that there is a possibility of a break out, but the price action shows a very uncided market.
The moves will be quick once the market decides.
LTC/USD idea of a LONG trade.This is a trading idea created for the date: 28/5/2020
and is valid until 24:00 GMT+1
Symbol: LTC/USD
Time Frame: 4 Hr.
Expected duration of position when open: 4 Hr . up to 29/5/2020 24:00
Trade idea is: double resistance break out making it probable for a upward move towards 47.50
Go LONG if Price goes thru (above) 44.75
Position your T/P @ 46.60
Position S/L @ 41.45
When the LONG is open @ 44.75 and the prices goes thru (above) 46.05 move your S/L to : 43.15
If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening.
Close the position before the weekend with Profit or Loss!
Next week we can find a new opportunity for another trading idea.
Do not expect every trading idea to be successful.
Do not expect every trading idea to be executed.
It is very likely that the idea will not reach the opening trigger price.
A good trading idea is one thing.
Good money management is another important ingredient to end up in profits or loose less.
Use due diligence and proper m.m.
Do not chase losses.
Do not s.a.r. to panic trade the opposite way.
Make sure you can afford to loose all the money you allocated to trading.
Have your position sized that the loss will not make you stressed or nervous.
Trade ideas/setup of mine are created and focused to take pips out of the market and not to make a prediction or forecast of the underlying instrument traded.
My trading methodology is based on probabilities, +E.V. , long term Win/Loss ratio and money management. Oh, and a monkey throwing darts on a chart in the backroom :)
I have an personal interest in the ideas myself as I trade them also.
I am not a financial advisor. Do your own due diligence and learn to trade on your own.
Happy trading,
Dan
CryptoDesperado
Bitcoin too early to buy?Hello everyone, it's pretty hard to tell anything in this zone.
But this is my humble opinion of where the optimal buy zone for a swing trade now is.
It's at 8300-7900 area.
I'm actually taking a short position with 1% stop loss at 9180.
omgusd potentially ready to break up from falling wedge??still awaiting both a 1 day close above the wedge, a bullish volume surge and a follow up confirmation candle...but were omisego to confirm the breakout here...here are the 3 potential targets...the fact that omgbtc is going absolutely parabolic right now is a great sign of bullish confluence that ups the probability of a breakout on omgusd...as is the listing announcement on kraken.
SCALP TRADE WITH MULTIPLE TARGETAs you can see in the inverted bitcoin chart it has formed a Head and Shoulders complex chart with a pullback already done.
so we are pointing to a 400 ticks of profit.
We'd say that the optimal entry were 8900 with a stop loss at 8800 and first target is 9300, second target goes to the weekly uptrend which more likely will act as a resistance 9600-ish and a super optimistic but not impossible we can put as a third target at 10000.
Tell me your opinion.
XMR/XBT is repelled by a flat support for the second timeEarlier this morning at 06:00 EDT, KRAKEN:XMRXBT bounced off of a flat support line at around 0.00702 XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). As such, it is reasonable to expect that the current drop in the exchange rate of bitcoin to fiat to be short lived. Historically speaking, the time prior to a block reward halving has (at least in the case of bitcoin) seen a run up in the exchange rate for the month prior to the often-over-reported event.
Typically, when one of the high cap cryptocurrencies undergoes a dramatic upward move, the alternative coin markets decline (as both traders and algorithms around the world sell other assets to rush in and experience the thrill of the FOMO). This is the very force that has driven the exchange rates of assets like XMR down in recent days. All of this having been said, however, these larger trends inevitably take occasional breaks for a natural consolidation period (which is what we are seeing right now with XMR). It is in this moment that traders can snatch up a couple percent from the (short-lived) recovery before bitcoin resumes it's march ever higher toward the next halving.
ETH: Potential short coming inLet me know your thoughts! Bitcoin is approaching a massive resistance zone, and ETH is no exception to that zone. I have an auto buy set at $205 to try and catch a wick, but will realistically try to lock in ladder buys between $197-199. I'm picking this trade because it presents a nice risk to reward ratio. The stop is set to $210.50 for onl ya small loss, and teh short potential is faily large. If successful, I plan to close it at the golden pocket of retracement.
4H BTCUSD Breaks Below Triangle and Ichimoku CloudA Sparkster Signal appeared on the previous 4 hour close at $6733. Visit the link in our profile for details of the backtesting tool we've built using TradingView charting tools.
The next support level below is around $5850. A 12% drop. Many traders will be taking a short position with a tight stop.
4 Hour BTC Support Level Forming?On the 4-hour time-frame we are watching for a support trendline to form. If not, downside is expected.
Triangle Setup on Low Time-Frame BTCUSDLooks like another few days of market indecision until a break out opportunity with the recent trendline.
XBT/ETH Day tradingA quick look into how I day trade crypto. I watch XBT always. I do chart ETH but only as a reference or identifying potential TARGETS not trends! BTC is always the deciding factor of which way ETH will go. When I open a SHORT, I watch XBT but short ETH as it will always drop at a greater rate. In this case, you can see my target is only about 2.5% on the XBT chart, but flip to the ETH chart and its a 6%+ trade. I long BTC and short ETH
