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TRX will go to 600??If we count the Elliott Waves from the beginning of the run we can safely say that we are in the 2nd part of the correction wave. Will this take us to the 600 level and then correct back to the .5 fib line??? If it does it will also form a Head and Shoulders and therefore one should pay attention and put stop loss should it go down before the targets are reached! Like if you agree and fingers crossed for those holding TRX to shed some light on this coin which I'm sure you've heard but Justin Sun is also intrigued with the idea of Malta becomming a Blockchain Island and he is fully committed to be part of this exciting venture. Oh yes I'm Maltese of course I will always say positive stuff about my country, but hey go and seek it for yourself! Good news is pumping hard on our island!! Wish you all the best! and let's make some sats!!
Short
by glennie81
3
Bitcoin: One step closer to the bottomTime for some positive forecast! The FUD is smoothing out and FOMO coming in (as G. Soros playing with crypto). The annual tax declaration and payment date being 17 April could be the last FUD ahead that is able to drop the price by another 20% to 5800-5400 area. The target for the subwave 3 currently is at $5945 if the correction doesn't get higher than $7000. Overall, I see the light at the end of this bearish tunnel. We're closer to the bottom and it should happen around 5400-5800 area by 15-17 April. Feel free to share your thought and don't forget to like the idea.
BITFINEX:BTCUSD
by CryptoCommissar
NEOUSD: Still Positive - Next Buy Point ApproachingNEOUSD Still Positive - Next Buy Point Approaching The minimum upside target created by the RHS is 173 but it's taking its time to get there. Looks to be in process of completing another continuation pattern before firing higher again soon. Once it passes 128 and holds there it should advance to 148/150 where the upper dynamic will most likely reject it again on the next touch. But WD Gann tells us that 4 touches should be the maximum and on the 5th attempt it should push through the dynamic and complete to the target at 169-173 range. Can therefore split trade into two parts, from 128 to 148-150 and then from 151 to to 169-173 - or can buy and hold depending on trading profile. Support lies at 121.5 and whilst above here Neo is positive. Stops for longs just under 120.
BITFINEX:NEOUSDLong
by sumastardon
1
Bitcoin BTCUSD Still Positive Today: Next Buy PointsBitcoin BTCUSD Saturday Update/Buy Points After another 15 hour period of dreary consolidation lasting through the European session and right through the US session to the close Bitcoin finally bottomed right on the low point forecast for the day before the rally we spent all day waiting for finally kicked in. Patience was finally rewarded as Bitcoin began to push higher again into the far East session, rallying to an overnight high at 11419 before the customary 06/01est sell off. Later today it should push higher still to test 11790. In the meantime though, it can spend quite some time moving sideways once more, using the 11192 line here on Bitfinex as support as it does so - and can come back to the parallel underneath it at lowest to stay good from here today for the rally to 11790. This process may be mercifully short - but it could also last several hours as it did yesterday. We need to be prepared for both. Look to enter long if not already from 11192 -11050 range (with stops under 11000) or can add/enter long again once 11430 has been broken above for rally to 11790 where we will look to close out and maybe reverse short if touched later on - depending on price action when we reach the upside target. More as this move develops. Whilst Bitcoin remains within the parallels guiding this rally it remains overall positive.
BITFINEX:BTCUSDLong
by sumastardon
11
Bitcoin BTCUSD Still Positive - Continue to Buy DipsBitcoin Friday Update Next Buy Point Today Bitcoin duly broke higher from 10600 and we followed that break. Overnight Bitcoin has made a high at 11189, climbing three rungs higher on this particular ladder to reach 3 points below the the next line of resistance at 11192. Day traders are closing out here and looking to get long again from lower down towards the 10888 line and potentially as low as 10681 if 10888 cannot hold up this morning. But Bitcoin must hold up at 10681 at lowest today for the bulls to remain in overall control from here. A break (not spike) below this level will tip Bitcoin into a near term negative pattern and day traders will to short more aggressively if this were to happen. But so far the overall pattern is still bullish. If still long from 10600 break higher yesterday can stay long but raise stop to under 10870 and if struck look to buy again around 10681 with stops 50 or so lower. Look to add once 11192-11200 range has been broken above looking for completion of this rally to the target at 11790. Close out just below here and some day traders may consider reversing from this point if touched later, depending on how it behaves when it gets there. More as the move develops. * For updates in real-time plase check top left of main page Yesterday: Bitcoin Coinbase Chart Next Buy Point Bitcoin has spent the last 24 hours or so hammering out a continuation pattern not too far from the recent highs. It hasn't collapsed from here, though, which has to be a positive signal, so far. It's now probing the upper parallel at 10600 and trying to break higher. To stay positive from here it has to make this break. If we see it we can follow with stops under the upper parallel by 50 points or so when broken. Otherwise, in absence of a break higher and Bitcoin spends more time in this consolidation pattern we will look for an entry from lower down later
BITFINEX:BTCUSDLong
by sumastardon
4
Bitcoin BTCUSD Still Positive When It Breaks above 10600Bitcoin Coinbase Chart Next Buy Point Bitcoin has spent the last 24 hours or so hammering out a continuation pattern not too far from the recent highs. It hasn't collapsed from here, though, which has to be a positive signal, so far. It's now probing the upper parallel at 10600 and trying to break higher. To stay positive from here it has to make this break. If we see it we can follow with stops under the upper parallel by 50 points or so when broken. Otherwise, in absence of a break higher and Bitcoin spends more time in this consolidation pattern we will look for an entry from lower down later
COINBASE:BTCUSDLong
by sumastardon
3
Bitcoin BTCUSD Still Positive - Can Buy This DipBitcoin Bitfinex Chart Update 10:37gmt/05:37est Still Positive - Buy the Current Dip The big rising dynamic on Bitfinex was the best/most reliable of the 3 feeds we cover overnight and the early morning 7am gmt break out of the consolidation pattern was very precise and right down at the lower levels...so this is still giving good signals and will therefore be covering all 3 feeds again. Looking to stay long up to 11438 on this feed and close out there/just under if touched later. Day traders are likely to close out at 11240 when touched and in the meantime it can come back to 10860-10840 where it's likely to get bought again. More support building at 10627 line and off the big rising parallel below here. Whilst Bitcoin holds above this dynamic on the Bitfinex chart the overall technical picture remains positive. Bitcoin only flips back to negative if this line is lost at any point from here. Stops for swing longs can therefore be placed below the dynamic by 100 points or so.
BITFINEX:BTCUSDLong
by sumastardon
3
Bitcoin: BTCUSD Still Positive: Next Buy Points TodayLatest Update 11:00est: Bitcoin is still positive and a near term buy on retests of the smaller dynamic underpinning the day's rally towards the blue support line at 9960-9940 with stops below 9900. Also raising the stop here to just under 9900 on current longs on Bitfinex to trap in 100 + points if it gets struck (day trading). The other choice for swing traders is to leave the stop just under 9800 for break even from here. The overall trend will remain positive whilst Bitcoin remains above the larger rising dynamic it bounced from earlier and that we used for this original long entry. Last Tv Update, yesterday: If it loses the main dynamic it will unravel a little but looks unlikely to break below 9496-9450 levels if it does - there should be a lot more upside from here though. How you prefer to trade it up to you. But for the forseeable future this is a buy dips market. That only changes if the lower larger dynamic gives way at any point from here. 1st Update today 05:05 est Some swing traders will still be running the long and using the bigger dynamic as a final exit (as per Tv updates). If so stay with it. If not and looking for the next long from here, we have a chance of a trade from here at 9740-9700 if using a stop below the dynamic which is at 9700 now for smallish loss if wrong here - otherwise we need to see the upper parallel broken on the next rally to follow long again, with stops below the dynamic, under 9700. So long as Bitcoin holds up off the largest upper rising dynamic that it is closest to now (at 9700 now) the trend will remain positive and swing traders can stay long. And if this line gets broken at any point today the 9496-9450 range must hold up to all challenges from here to stay bullish overall. Update 09:31est today Can raise the stop on this long to just under 9800 for small win/break even from here. Some traders are happy with 200 points per day so that over 5 days they make 1000 or so. All depends on profile - some are big game hunters and swing traders and some are shorter term scalpers. There is no right way, just the way that suits your temperament and time available best - it takes every type to make a market...
BITFINEX:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Positive whilst tracking within parallelsBitcoin Coinbase Chart Update Bitcoin was hanging in the balance by 19:00 est/midnight gmt just before far Eastern markets opened and although it was looking in a bad way with the threat of an H&S top formation beginning to loom large above it we can never forget that this is Bitcoin. It's capable of amazing escape acts that make 'Prison Break' look lame and amatuerish sometimes. Bitcoin does what it wants - and we have to follow it and never look to fight it. How many have tried to second-guess Bitcoin and come unstuck ? All of us are familiar enough with the ways of this mesmerising monster to know that by now. Bitcoin leads. We follow. Anyone who thinks they can switch roles is likely to get themselves a new one ripped faster than they can take their pants down. Again. So once more Bitcoin refused to lie down overnight, breaking higher from the new parallels it had formed and after 2 false breaks yesterday, the first that got stopped out for around a 50 point loss and a second break that scooped 200 to 300 points before being stopped out yet again (as well as short from 8170 that had to have a trailing stop lowered behind it as it fell through the break level and should therefore have at least broken even) - the weekend proved difficult and challenging and all in all those who took time out were the winners yesterday - until midnight gmt at least The new week saw Bitcoin finally find some buyers and those who waited patiently and didn't get bored or tired by the wait finally got their reward - a good break-out emerged to the upside just at the witching-hour, midnight gmt, giving a good chance to get long again around 8300-8350 on Coinbase and Bitstamp charts. Since then Bitcoin has had two 500 point pulses higher - both hitting the resistance lines above it almost perfectly on Coinbase (line is at 8821, high so far today = 8817) though we can have only captured a half of that total so far even if you were around for the break when it finally arrived. The second 500 point or so pulse upwards started as Europe opened up for business and so those who missed the earlier break got a good second chance to get long off the parallel at around the 8300 level and just above. Day traders are closing out again at an obvious point but not creating much selling in their wake now. Usually we get 3 to 4 pulses upwards before the rally is spent so if still long can stay that way and consider raising the stop to under 8690 on Coinbase as if it breaks below here it will likely revisit the lower parallalel again where it can be bought again with stops below the parallel for small loss if wrong. As usual Bitcoin should stay positive whilst it travels within the parallels and only turns back to negative if and when the lower parallel is lost.
COINBASE:BTCUSDLong
by sumastardon
1
Bitcoin: BTCUSD Trend Positive - Next Buy Points this WeekendBitcoin BTCUSD Weekend Next Buy Points An excellent 1300 or 16% rally on Coinbase with an early break-out at 6.30 gmt at 7950 level yesterday (compared to Bitfinex) has taken Bitcoin to the 9061 line overnight before topping out 24 hours later (at 6.30gmt this morning) as profit takers moved in. The lower parallel was broken soon after at 8885 and all longs stopped out at around that point - for 935 points profit from trigger-in to trigger-out. Just so long as Bitcoin keeps moving we can scalp her both ways too...Some will be getting the hang of this better than others and some are psychologically OK with shorting and some are not. If we can view Bitcoin dispassionately (as a surgeon views a body on an operating table, for example, and not as something we love - or hate) - we can make points both sides of the argument. So you all know by now how Bitcoin behaves and most don't even need any help with it any more (excellent) - as it breaks out of the parallels it loses buying interest (the world and his dog have seen the same patterns develop too). Sometimes the break is clean and fast, as this morning, and sometimes the break down is followed by what appears to be, at first at least, a failed break, as Bitcoin then tries to rally again back up the underside of the parallel it has just lost...it can even double top or reach just below the previous high...and then falls away again as it should. The exact opposite of a failed break upwards when price breaks the parallel to the updside and then fails to push much higher to begin with, forcing price back down the parallel it's just broken above, often as low as the last low at lowest, before it starts to rally as it should when it leaves a continuation pattern. The exact opposite. Just studying breaks (up and down) and their nature will earn you many fortunes over a life-time. The exact same principles apply whether trading Bitcoin (super fast) or the Dollar (super slow), or any stock on the market. So now Bitcoin has busted the lower parallel and triggered a short with stops above the lower rising parallel if so minded. Can stay short until the dynamic holding down price is broken to upside. Those looking for the next long from here need to see this same dynamic broken to upside too - it must hold up on any retest or it will fall away again back towards the lows it has just finished making before it rallies again (as explained in reverse for a break lower). So try to use a stop and always watch the break (up or down) carefully...is there an increase in volume apparent, if not it could fail so be ready to cut and wait for next signal if you see this - do not start waiting and hoping the chart is wrong and your heart is right. Follow the chart and not your heart and you will learn to trade like a hardened Wall St professional. But without having to leave your house.
COINBASE:BTCUSDLong
by sumastardon
1
Nasdaq 100: NAS100 Still Positive From Here - Next Buy PointsNasdaq 100 Index Update The minimum upside target at 6694 was met and the next, at '6787 at best before it falls away again' fell 12 points short with the high of the day at 6675. Since then Nasdaq has fallen away in a little continuation pattern that signals further upside in store. It's just exiting the pattern and can be bought again with stops below 6560. Or can wait for stronger confirmation once 6614 and the dynamic above it has been broken above and held on retest. Should then rally to 6673-6694 range and then once this this range is passed - after a period of consolidation here - should rally to 6787-6800 and then back to the highs. Nasdaq only turns negative again if the lower parallel supporting price gives way at any point form here.
FX:NAS100Long
by sumastardon
Bitcoin BTCUSD Still positive above 15485Bitcoin Update So far today Bitcoin has rallied to the next restistance line at 16447 after a high at 16487 but has since fallen away again, coming back close to important support at at 15574-15485 (amended to cover yesterday's price action better). It's a buy in this range with stops below 15450. Above here the trend is still positive but any break below 15450 will tip Bitcoin back into negative territory and should force it back to the two parallels below and potentially back to 14844 before it rallies again. If we see this price action will look to get long again from lower levels. Overall Bitcoin looks positive still and so long as 15450 continues to hold it should rally through the blue lines above it to 17229 and higher as the day progresses. Look to get long on dips from as close to 15485 as possible over the next couple of hours, most likely.
BITSTAMP:BTCUSDLong
by sumastardon
1
BCHUSD: Next Trade set-ups ahead of weekendBCHUSD Next Trade Set-ups ahead of Weekend This was left as a short backk to 1180-1100 range and with a subsequent low at 1152 it did ok. Obviously the slick trader will not just close out if the last trade has gone to plan, he (and increasingly frequently, she) will naturally seek to reverse, with stops underneath and see what comes. If you managed this here you are a star trader in the making (good traders close out when targets are reached, great ones reverse: who said that?) Anway those who managed the trick or just got long somewhere around the lows have already seen over 20% gains since yesterday. This market is just unbelievable. You can compound money faster than ever before in history 24/7. Still find it astounding that the biggest crap shoot in history is still playing very time we get up, just a button away. BCH is trading in a little wave from the lows, good green showing, bear engulfing those hours of backing and filling in minutes...but it's reached close to the limits of its neat term upside potential and meets a crossroads at 1415 where 3 lines converge, so it's understandable that BCH is shying away from here, being sold off at the natural spot, or just under in fact so far. If long here it'sthe obvious spot to close out and bank gains and then look to buy from lower and/or add once 1415 is broken to the upside. This will free up the space above and let BCH have a damn good weekend in prospect, opening the way for a move up to 1516-1539 initially and way above here in medium term, most likely. In near term whilst BCH continues to track within the impulse wave (loosely defined, so far, early days) it's trend will remain positive. Buy any dips towards the lower parallel if seen - if not it's strong, isn't it? - so buy again on the break above 1415 with stops 50 below
BLong
by sumastardon
1
Bitcoin: BTCUSD Overall Still Still Positive at higher levelsOverall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in China/London on Monday. Unlikely, but it's Bitcoin. If unsuccesful from lower levels the next buy point will come on a break above that upper parallel with stops under 7700.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Key levels today -7717 the likely pivot for dayBitcoin: BTCUSD Update Range trading for now but overall positive above 7717 A good space for day traders, trading between the lines of support and resistance, which continue to work quite well, so far, just as they have done over the last couple of weeks now. But for swing traders Bitcoin gave the first unreliable technical signal for quite a while - that break below 7531 was the first heart-breaker, the first time this beautiful creature has let us down, technically speaking, for a long time...and it's looking more and more false as each minute ticks away now. Day traders at least had the next support line at 7426 to close out shorts, but swing traders looking to short off the next rally back to 7531 (with stops 50 points above) - a technically sound trade - will have been swept away. Apologies. Even more annoying, with all this price action overnight there was no guidance to get long again and buys at 7531 had already likely been stopped out - so many have missed a large part of this move up from 7531 now, me too, and it's extremely frustrating and annoying. Occasionally Bitcoin can mess with the best laid plans for the weekend. We are where we are. Back on the trail. Looks like it will grind away to the top at 7990-8000 again. Thankfully it's trading back above 7717, the freezer lid level which will continue to play an important role this weekend. Whilst above here Bitcoin is still wanted, but under that line not so much. As bears won the day in the end yesterday and China did indeed drive the price lower through the first couple of hours of their session, but that break below 7531 screwed up a perfect entry for this next challenge on the highs. Damn. Move on. Play the range on low volumes or await a possible break above 8000, which will need high volume to make it happen. Probably only Chinese buying power can achieve this over a weekend, so the first couple of hours of their seession could pay dividends, maybe... Bitcoin is positive above 7717 and whilst above here will try to grind towards the highs where it becomes a sell again for day traders playing the range. And if at some point we see 8000 broken, it should be followed, as per weekend breakout (last comment). The space between 7717 and 8000 belongs to day traders. As is the space below 7717 down to 7531. So 7717 is now the likely pivot for the day - should this fail at any point later it turns negative again in near term back to 7531 - where it becomes a buy again with stops 50 points below. Because of that signal break below 7531 it makes 7717 even more important for Bitcoin from here. It really is the freezer lid today by look of things. All good above, potentially turning over into bad below.
BITSTAMP:BTCUSDLong
by sumastardon
8
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an immediate rally into new high ground are a sign of a very strong market, usually a confirmation signal of further strength ahead. In addition, the pattern carved out on the chart over the past week is a clear flag formation with a minimum upside measurement target at 6472, and could easily extend further to 6515. Look to get long for the early part of this week at least: Initial support begins at the recent high at 6282-0. Whilst it can hold up here this index is extremely positive...so long as this level holds tomorrow Nasdaq is expected to have a stellar week ahead. It's a buy with stops under 6275 for a 20 point loss if wrong. Or wait for the open on Monday to see that 6275 holds up first...but it may have gapped up by then. If so follow it, though with stops still below 6275. And if this trade goes wrong and 6275 fails to hold at any point between now and the open it's likely to drift further and then perhaps come off on the open to 6246 (at lowest a spike to the upper parallel just below here) before rallying strongly again. That looks to be worst case scenario, which looks less likely than a gap up as things stand right now. One other way to enter the trade is to put a buy order in at 6283 and hope it gets struck overnight with a tight stop 11-15 points under for small loss if wrong but 200 to 300 - points upside if right. If it gets stopped out look to re- enter again around the open on any further weakness in the first 5 to 30 minutes, ideally towards 6246 and a tad lower - but this is only likely if 6282-6275 gives way. Don't think it will for what it's worth...let's see For more on Positive 16 Year Cycle: Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and- analysis/
FX:NAS100Long
by sumastardon