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Poloniex

ETHUSDT, Rising Wedge, Cup & Handle, Support lines & RSIETHUSDT, 4HR >Bullish Biased due to the upcoming Consensus 2018 >Ether is currently facing the resistance level (w/c are the previous support zone last March 9 - 14, 2018) at 680 to 690 USD. (Be cautious for novice traders like me) >Exhaustion from buyers could bounce the price in blue ascending trend line in short term squeeze at 650 or could break it and test the 630 to 620 support level. (beware of short term traders that could pull at this price range, hope whales will not get involve w/c could make a reversal - but I'm still skeptical due to upcoming Consensus event). >If the price bounces and stays around this zone (630-620), it could yield a larger cup and handle (thin light blue curves), w/c is still good in the long run >RSI is still making a positive slope while Stoch RSI is almost overbought, could signal a sell for short term traders >A break below 600 could abort the current bullish momentum >Ether is still moving ahead in BTC price but its price directions could still affect ether, still be cautious. *Disclaimer; This is just my 2nd TA, still a novice work. This is not a financial advice. Have a profitable day;D
by siHagler
STELLAR CRYPTOCURRENCY STRATEGYSTELLAR/DOLLAR 4H DOUBLE BAR LOW HIGHER CLOSE PATTERN (DBLHC) What is Stellar Lumens? Stellar is a platform that it’s trying to do very fast payments with very low fees. The key advantage of Stellar is that it has between 3 and 5 seconds confirmation time and it supports thousands of transactions per second. Stellar Lumens price is below the $1 and trading at only a few cents, which makes XLM a top cryptocurrency under $1. Stellar Cryptocurrency Strategy All we need for swing trading cryptocurrency is the Double Bar Low Higher Close pattern also known as the DBLHC pattern. All you need is to look for two bars that have equal lows or near the same price level. The second condition that needs to be satisfied for a valid DBLHC is that the second candle needs to close a lot higher than the first candle (see chart above). Usually, the bar tails are tiny, but the candlestick body is large. Step #1: Find a bullish trend or wait until the market develops a swing low The double bar low higher close can be found at the end of a bearish trend and the start of a new bullish trend acting as a reversal bullish pattern. However, at the same time, the DBLHC is also a continuation pattern that can develop at any stage during a bullish trend. Having a prior trend already established increases the probabilities of the DBLHC pattern to work. The DBLHC can produce the same kind of results even when the market is only in the process of establishing a market swing low. If a DBLHC develops right after a swing low is created that’s the confirmation we need that the institutional money is buying low. Step #2: Wait until the DBLHC chart pattern develops on the Stellar XLM Chart Now that you’re familiarized with the DBLHC pattern, it should come easily to spot this powerful chart pattern on the Stellar chart. The DBLHC pattern has two identical lows and the second candle close is way higher than the high of the first candle. In most of the cases the first candle will be bearish followed by a second bullish candle, but as we can see the Stellar price action is developing a DBLHC were the first candle is also bullish. This doesn’t invalidate the DBLHC chart pattern as in our books; it’s still a very tradeable chart pattern. Step #3: Buy at the market at the opening of the next candle after the DBLHC pattern When to buy Stellar is quite easy. As per the DBLHC pattern rules, we need to enter immediately at the market when the DBLHC has formed. Alternatively, we can place a buy limit order above the high of the second candle. Buying Stellar with our cryptocurrency buy strategy will offer you a high risk to reward ratio. The second advantage you have is that you’re buying Stellar right when the bullish momentum is starting to build up. Technically, this means that the price should never look back, which means that the drawdown should be minimal. Step #4: Place protective Stop Loss below the DBLHC low The DBLHC chart pattern also provides us with a great spot to hide your protective stop loss. Trading without a stop loss is the number one mistake that traders make. Make sure you always trade with a stop loss to protect your account balance. After you bought XLM coin, the protective stop loss can be placed below the DBLHC low. Step #5: Take Profit when we break below the up-sloping trend line that connects the swing low points The first thing we need to do when trading Stellar and you want to cash out some of your profits is to draw an up-sloping trend line starting from the swing low you identified in Step #1 and connect all the swing low points that are part of this new uptrend. As soon as Stellar XLM price breaks and closes below the upward trend line you take profits. This take profit strategy will maximize your trading profits and it will keep you as long as the bullish momentum is strong. Note** the above was an example of a BUY trade using the Stellar cryptocurrency trading strategy. Use the same rules for a SELL trade – but in reverse.
SLong
by Tradingstrategyguides
4
4HR Bullish XRP Squeeze watch for Rippling Waves4/9/2018 Ripple (XRP) Lendit Fintech Antoinette O'Gorman, Ripples Chief Compliance Officer, will be speaking at the conference. www.lendit.com 12 April 2018 Ripple (XRP) Airdrop for LST Holder Airdrop XRP and ADA for LST Holder. All exchanges are supported. 16 April 2018 Ripple (XRP) BlockBid Listing XRP will be available on BlockBid exchange. 18 April 2018 Ripple (XRP) Blockchain Expo Anish Mohammed, Advisor at Ripple Labs, will be in the panel "Understanding the market dynamics for ICO’s token sales and crowd funding".
by AaronX
My Very First TA: ETHUSDTTime Frame: 2 hrs >It looks like Eth is finishing a head & shoulder in short term (2hrs), but a break above 525 may also abort this pattern and trigger an uptrend price up to 540. >A break in 540 may trigger a bullish momentum, however a break below 480 may abort a bullish momentum and trigger a sell off up to 430 >The price is currently getting squeezed between 500 and 520, in green tend line, a break below will make a new pattern or may follow the orange trend line or a sell off to 480 >Ether is still following BTC movement after the recent upward momentum. Any rise/fall in BTC price may still abort any pattern eth is building atm. *Disclaimer; This TA is my very first one, totally a novice work. This is not a financial advice.
by siHagler
SNGLS/BTC Long term bullish (Short term major profit potential!)What's up world!? Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the four hour BTC 0.75% chart, you can see that the breakdown that would complete the pattern in BTC 0.75% has not occurred yet. Instead, we've had an extended consolidation sideways, after the second spike. As a refresher on the pattern that I've been covering, I'll walk you through it from the beginning. On the left middle of the chart, the pattern starts with a bear flag which produced a spike down (pink arrow,) followed by a rally above the 50 EMA (purple arc,) followed by a bear flag that dropped below the 20 EMA (in blue.) From there, we saw a spike back above the EMAs, and then a big drop before the pattern began to repeat itself. Looking at the current action, you can see that it's nearly identical. However, we're now seeing a longer consolidation after the second (spike). That doesn't necessarily mean that the pattern has failed. It just means that it's changing a bit. As you can see, the bulls tried to rally above the 50 EMA (in orange) but that rally was quickly reversed, showing continuous technical weakness in this market. So, there is a possibility that a considerable drop is still right around the corner, which will complete this pattern. Personally, I still think there is enough technical evidence to support a continuation of this pattern, even though it has produced an extended consolidation after the spike. As I said before, patterns like this can end unexpectedly. That's something that I've discovered, while following patterns like this over the years. But I've also learned that they can morph slightly, while maintaining the same general repetitions. You can see that the bear flags aren't identical, but they are there nonetheless. So, yes, the duration and magnitude of the movements isn't perfect, but the structures are nearly identical, and that's what I'm interested in. With that said, I'm still looking for a move that takes us lower. Specifically, I think there is enough technical weakness to result in a breakdown below the neckline of the head and shoulders pattern (in red.) Below there, Bitcoin 0.75% could really begin to accelerate to the downside. As you can see, there is a support level at 6000, which extends from the low made on 2/6. That will be the exact double bottom low, but I don't think it will be reactive enough to reverse this market. It is possible that we get a small bounce from there, but I think the most likely scenario, is that we don't react to it much at all. At most, I could see a bounce off of 6000, that causes BTC 0.75% to retest the bottom of the neckline from the head and shoulders pattern. From there, I would expect to see a horrific failure, and a continuation selloff, followed by a bounce off of the 7972 area, and then a drop to about 4250. I've drawn what that could look like, with arrows on the chart. Additionally, I believe that we have just created a new downtrend channel (dashed channel.) So, look for any rallies to be capped by the top of this channel. PS. Bitcoin 0.75% is forming a bear flag . I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** -Magic loves you- -not JD-
SLong
by PoloVita_ClimbingVine