Get started

Lines

Higher high forms while breaking above old Adam & Eve neckline!!Very bullish signs from btc just now as it broke through not 1 but 3 major lines of resistance: The bottom trendline of the lavender rising wedge, the red neckline of the old inverted cup and handle pattern, and now in white, the adam and eve double bottom neckline we've been following since march-april. Even though we went below the adam and eve bottom awhile back, there by invalidating it, the neckline was still an extremely powerful line of resistance and this is the first time we have closed a 4 hour candle above it since its inception. That to me is a very bullish sign. If we can close a few more consecutive 4hr candles above it as well and better yet a 1 day candle close, we will most likely see bigger heights than what I currently have projected here...the green dotted line is the projected breakout target from the bull flag on the 1 day chart. that takes us above the pink dotted line which was the breakout target for the symmetrical triangle we broke out of last week. the target for breaking above the adam and eve neckline will likely be even bigger...first however we need a few confirmation 4 hr candle closes above it and of course a surge of bullish volume to confirm however. If so this could kickstart the bullrun. Just the higher high alone is enough to continue to be optimistic despite how over extended the 1 day stoch rsi has been. Thanks for reading! *not financial advice*
BITFINEX:BTCUSDLong
by DrDovetail
4
Respect my Cocoline ONT!Helly everybody, Just an update on ONT. As you can see ONT dropped a lot since my recent post. We arrived at the 0.5 fib line. Either we move upwards for a slight correction or ONT will fall massively towards 5500 sat levels. The last option would be nice, because I kinda missed out on the first run, dammit. But as we all know, what goes up must come down and nothing stays up forever right;) My buy-zone would be even lower, but hey, I have coco balls of patience:) Hope you as well. Peace & Love
by LaszloHuiber
BITCOIN to fall to 8400 Support then the RALLY to 16k USD beginsHey Guys, Just an Update on big daddy BTC. We are experiencing a 5-3-5 (Zig zag) styled ABC correction at the moment. with major support at 8400 USD price. I'm expecting wave 3 to find support at 8700 with a bounce up to 8950-9000 price region. then we will make the last 5th wave down to 8400 USD. I will update this Idea later with a chart as to why 16000 USD will be our next target when BTC finishes the correction. Enjoy!
Long
by Husky2795
OMG/USDT: possible entry point soonDear trading friends, OMG/BTC in its current state is bearish , thats a fact. First, MACD just crossed signal line going down, which is a sell signal. It broke the mid-term support line that formed since the begining of february and has been dropping since then. EMA20 is starting to fall towards EMA50, but at the present time it is too soon to use it as a bear tool. However, it is about to hit (in the next few days, with maybe a small upward correction first) a very strong support line in place for more than 4 months. Two scenarios : * If it bounces on, we are off for a price going to the 1814 sats resistance . That is, in my opinion, the most probable option as the support line is quite strong. This would be a valid entry point, around 1500 sats (when crossing up). The ascending triangle pattern would be the next target , which is a great bullish tool. * In case the support line fails, the drop will happen quite fast and OMG should retest the 1200 sats support.
O
by Greenou
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
Ripple faces to 80cents. Let's see!! Bearish flag pattern of past week scares everybody who hodl that coin. We think it could be even worse, theres a big possibility Ripple can break to 80cents and then slowly recover after few hours/days. In our It'll be very fast race, as you can see at the chart, breakdown could happen tomorrow, but no one knows, XRP market is very unstable and forecasting it is very difficult. So inspire yourself and decide on your own. If our analysis helped you and you like keeping the analysis simple, please consider giving us a thumb up. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BITFINEX:XRPUSD
by RRcrypto
2
Temp. resistnce/spprt update for BTC. Inverted h&s still in playEver since the bullish hammer spinning top 1 2 punch combo we've been on a nice up trend. yesterdays day candle finished strong right under the white 38.20% fibline ($10400) which was the previous 4 hour candle's line of resistance but has become the current 4 hr candle's support line. Yo can also see how the current 4hr candle dropped a wick down that bounced up off of the 20EMA. The 20 EMA(in purple) could potential be retested as the line of support for our low of the day...but the body will probably find the white fib line as its support. As far as the high of this current 4 hour candle and the high of it's body goes... it's still too early to tell but I notice we have already bounced down from about the halfway mark between the white fibline I spoke of earlier and the next fibline above it in red at the 23.60% retracement extension (10590) sothis candle's price action could be very tight we will have to wait and see if there will be a break out above or below either possibilities of support and resistance before determining whether or not its worth shorting or longing any positions. Lastly the reason this has a green backdrop is because we are still very much within the possibilities of a massive infverted head and shoulders...it is currently about halfway through the potential 2nd shoulder and still heading towards the direction neckline. Very exciting if this is a valid head and shoulders because that means as I have anticipated for at least 2 weeks now that it may be possible for a head and shoulder;s head to trigger more than one head and shoulders pattern.
BITFINEX:BTCUSD
by DrDovetail
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
Bulls catch second wind and bust through triple resistanceBulls caught their second wind and busted through a triple reinforced resistance line of the yellow fib line, and the convergence of the 200EMA and 200SMAs(on the four hour chart). They finally got the strength to close the day chart candle above that barrier which is a win for the bulls, Even though the candle on the day chart was indeed able to close above that barrier, it also closed as a hangingman candlestick pattern which can at times indicate a bearish reversal so it's best to trade cautiously at this time and more effectively hold and set smart stop losses if you do anything but be ready to buy right back in if you do...so probably best not to stop loss at this time...with the momentum we've had however and the fact that the inverted head and shoulders pattern usually yields a height that I indicated with the dotted line, I think there may be a chance of us reaching that price or even finding the pink moving average line as are new lline of resistance. Either direction is very possible for now so keep your eye on the incoming volume first and foremost and wait to see which way we're headed before diving into anything. Also make sure you're getting the ebst buy signals from a confluence of volume, rsi, mac d, and bollinger bands if you want to dial it in on the 4 hour 1 hour day and 30 minute charts. Cheers!
BITFINEX:BTCUSD
by DrDovetail