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ETH/USD rice analysisEthereum extended its fall on Nov. 21 and broke below the support of $135. The RSI has reached deeply oversold levels, which previously resulted in a pullback. Currently, the bulls are attempting to pullback from the $126.20 level, which is likely to face a stiff resistance at $167.32. The downtrending 20-day EMA will also be a difficult hurdle to cross. If the next leg down breaks below $126.20, the ETH/USD pair can extend its decline to $110. As the trend is down, we shall wait for a new reliable setup to form before recommending a trade.
BITFINEX:ETHUSDLong
by max_rozkovich
NXSBTC $NXS NEXUS WILL BE GOOD BUY, BULLISH UPTREND COMING.DONT FORGET TO HIT LIKE AND SHARE THIS ANALYSIS, MORE COMING PAIR : NXSBTC CHART DURATION : 4H EXCHANGE : Binance BUY ENTRY : 0.000091 - 0.000092 SELL : 0.000096 - 0.0001 - 0.00012 STOP LOSS : 0.000085 EXPECTED TIME DURATION: AROUND 1 WEEK OR BEFORE. RSI 23 OVERSOLD STOCH OVERSOLD CYCLIC INDICATOR BOTTOMED - ABOUT TO START GREEN IN FLOW MFI 6 (20 IS CONSIDERED GOOD BUT ITS 6 VERY GOOD) MACD ABOUT TO REVERSE PIVOT REVERSAL - EXPECTING BUY SIGNAL TD SEQUENTIAL 6 BAR COMPELETED 3 TO GO IN 4H CHART / 1D 9 CANDLES COMPLETED REVERSE SOON POSITIVE NEWS ATTACHED. CRYPTOLARK TWEETED HE IS HOLDING HIS NEXUS :-) RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
NLong
by open4profit
4
STEEM is Ready for BIG Rally. 13-40% Profit Expected in ST.DONT FORGET TO LIKE THIS ANALYSIS Chart Duration - 4H STEEM/BITCOIN BINANCE RISK LEVEL: 3/10 (Less means, Less risk) Key Points 1. Bottomed out at 11820 SAT Key level from where it jumps back heavily. Excellent buying zone (check 18 sept 2018) 11820 strong resistance if broken good sign. 2. Fibonacci on 4H, touched 127.2 FIB, 127 is always a good reversal point. 3. RSI very good around 30-35 (OVERSOLD) 4. MACD good buying signal 5. MFI money flow in 6. STOCH - reversal expected. 7. Good fundamentals - twitter.com 8. SteemFest Global Gathering 9. TestNet 15.1.18 Steem Smart Media Tokens BUYING ENTRY : 11400-12000 (Buy in Parts) SELL TARGETS : 12730-13200-14290-15000-16700 STOP LOSS : 11000 Recommedation : Focus more on first 3 targets if short term, if long term holder wait for big targets Time to reach Targets: 1-2 Weeks for 1st 3 Targets & 3-4 weeks for rest of the targets. RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Long
by open4profit
1
ZRXBTC LONG ALL SET FOR QUICK 37% PROFIT RSI GOOD MFI 20 OVERSOLD MACD OVERSOLD STOCH BELOW 20 CURRENT POSITION ABOVE 61.8 11710 SAT 1.27% UP TARGETS 12960 - 13685 - 15925 (7-14 DAYS) FOR QUICK TRADERS STRICT STOP LOSS OF 11000 REGULAR ST AND LT TRADERS STOP LOSS 10256 October development updates twitter.com 0x Instant: public spec + private beta @npmjs packages => 0x namespace support for EIP712 in @metamask_io governance updates from @EFDevcon New team members RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Long
by open4profit
18
Bitcoin Looks Ready for a Very Short Term Price DropSince the last price analysis that was performed was dedicated toward providing insight into Bitcoin’s long-term prospects, we’re going to go ahead and take a look at its short-term prospects today (October 25th, 2018) and in the next few days as well. Forgive the messy chart above, if you can. But here we can see a mapped out chart that shows all of the resistance and support lines for the price of Bitcoin over the last two weeks. This chart has been shrunken to the 2-hour resolution in order to give a better view of some of the micro-movements on the chart. As noted in one of our earlier price analyses, we thought that the price of Bitcoin was reflecting a symmetrical triangle, but that turned out to not be the case after we started looking at the qualifications of what delineates a symmetrical triangle. Where is Bitcoin Headed To? If we zoom into the chart a bit, we can get a better sense of where the price action appears to be taking us at the current moment. As we can see in the picture above, it appears that the price of Bitcoin bounced against the top trendline and is now headed down for a re-test of the support. Now, before we look at the price that Bitcoin could end at, please keep in mind that Bitfinex is trading at a premium to some fiat-based exchanges currently. However, this is the chart ( picked by TradingView on default) But based on the chart below, it appears that the price of Bitcoin is on a trajectory to re-test the lower support around $6,405 approximately. Relative Strength Index (14) for Bitcoin The picture above shows the RSI(14) on the 2-hour chart. As one can see, ever since the spike that occurred on October 15th on the chart, the RSI has been decreasing steadily. Currently, there is no divergence on the chart between the RSI(14) and the price action, so we should be able to take this at face value. Thus, the readings on the RSI(14) confirm our belief that the price will continue to decline (albeit at a very slow rate) until it touches the support unless there is some alternative or exterior news that makes this untrue. Above, is another look at the RSI(14) juxtaposed with the price action of Bitcoin itself to give you all a better understanding of how the RSI(14) is currently matching the price action of Bitcoin, ruling out divergence. Zerononcese Balance of Power RSI This indicator tracks accumulation and distribution periods and plots it on an RSI background. When the line is going up, that means that the buys (buys > sells) is increasing. When the line goes down, that means that the sells (sells > buys) is increasing. When the line is above the purple area, that means that the buy pressure is beyond its normal range and when the line turns red (which will only occur above the purple area), the buy pressure is at an extreme. The same can be said of the sell pressure when the price is below the purple area. In the picture above, the BoP RSI on the 2-hour chart for Bitcoin is showing us that the distribution or ‘selling’ phase for Bitcoin has been picking up speed over time since approximately the third week of September to this point (about a month later). This also corroborates our belief that the price is headed down to the test the lower support. Let’s juxtapose this indicator with the chart: Zerononcense Double Guppy This indicator is designed to trade like the Donchian Channels whilst also confirming trends when the bottom of the channel turns red (for a confirmed downtrend) or when the bottom of the channel turns green (for a confirmed uptrend). Currently the top of the channel is blue and the bottom of the channel is purple. However, it appears that the price neared the top of the channel recently on the candle before last. When the price reaches the colored part of the indicator, it bounces from there. See below: In that picture that posted above, golden boxes were drawn to show the price ‘bouncing’ each time the price dips into one of the ‘extremes’ on the channel. It’s designed so that this is almost an inevitability. Only on the second to last golden box do you not see this play out (in full), and that usually only occurs when there is an extreme outlier in the data. When evaluating the purpose of this indicator as well as the price data, this also corroborates our suspicions that the price of Bitcoin will be declining as well. Conclusion All in all, the volatility is so minute on Bitcoin at this present point in time, it probably isn’t worth it to consider any position on the coin in the short-term unless one is leveraging it to the fullest extent. As always, safe trading! Dislcaimer: This is not financial advice and the author does not hold any bitcoins.
BITFINEX:BTCUSDShort
by librehash
1
Bitcoin: The Bear Market Has Just StartedStraight away, the first thing that’s worth looking at is the daily view to see if the alleged symmetrical triangle pattern is holding up: In the picture above, we can see what appears to be a symmetrical triangle pattern formation. Now, Let’s Take a Look at Bitcoin Again The first characteristic worth noting on this chart, however, is the fact that the price is currently adhering to the bottom line. This is usually a sign of heavy bear pressure. If You’re Looking Closely, You’ll Notice the Price of Bitcoin Does Not Match a Symmetrical Triangle This bearish adherence to the bottom side of the symmetrical triangle is shown in the chart above. However, it is not enough to merely look at these charts, we must note the dramatic difference in slope of these two lines. One often overlooked facet of the symmetrical pattern is the fact that the slopes of the lines usually should be roughly equal. In this case, they are not. In fact, the slope of the upper downtrend resistance line is substantially steeper than the slope of the underlying support trendline. Check this out: In the picture above, we can see that the downtrend resistance is hanging at 30 degrees. www.tradingview.com However, the uptrend support is currently only calculated at 4 degrees according to this chart. Now, here are a couple of quick notes about these calculations: Because of the fluctuations on the TradingView charts, the mode was switched to lock price ratio, in order to get a fixed calculation for both angles. Analysis of the Angles From this very aspect alone, the future for Bitcoin, pricewise, looks extremely bleak for bulls. As mentioned above, the greater the angle of the trendline, the the stronger the support/resistance. Conversely, the smaller the angle of the trendline, the weaker the support/resistance. In fact, given the weakness of the lower trendline, it would be wholly inaccurate to consider the pattern on Bitcoin currently to be in a symmetrical triangle. Further Trendline Analysis The upper trendline has also resulted in the stoppage of multiple noteworthy ‘bull run’ attempts. For example: In the chart above, we can see that the price of Bitcoin has been stifled multiple times. Fibonacci Indicators Perhaps one of the most reliable support/resistance systems in all of trading is the Fibonacci indicator. This indicator typically makes assessments of the price that are difficult to deny. Let’s start with the Fibonacci Wedge, shall we? Below is what the Fibonacci Wedge looks like when applied on a price chart in TradingView: Here are the steps to plot the Fib Wedge: 1. You make sure that the ‘starting point’ of the wedge is at the peak, or the price’s all-time high. 2. Then you extend the chart going out toward the starting point of the price movement. In this instance, we chose August 2015 as our starting point. 3. You must then extend the remainder of the circle to the right of the all-time high (in the future) the same distance. 4. The distance between September 2015 and December 2017 (ATH for Bitcoin) = 2 years and 3 months. 5. Thus, we must extend the circle 2 years and 3 months into the future. That puts us at March 2020. If you look at the chart below, you can see that the price action adheres to this Fib Wedge pretty solidly: In the picture above, we can see that the price is literally nudging against that 61.8% retracement point. A further breakdown would put it in the 78.6% retracement zone. As one can see in the picture above, the worst case scenario for Bitcoin would probably be crashing down to $2.5k (assuming that the 78.6% Fib retracement holds). We do not anticipate that happening and one reason why is due to the fib speed resistance angles on Bitcoin. Below is a picture that shows what this is: In a nutshell, the Fib Speed Resistance dictates the speed at which Bitcoin is decreasing. You draw these resistance levels by tracing the price from the all-time high to the subsequent lowest price and the rest of the indicator graphs itself it from there. In the price above, we assume that the price will continue to adhere to the long-term downtrend resistance that is currently imposed upon the price at this very moment. That would bring the target price all the way down to $4.5k as the official (bottom). Which, all things considered, is not a bad landing spot for bulls, as it is certainly much less of a drop than what Bitcoin has already experienced and it is certainly much less of a drop than what Bitcoin has experienced even in 2018 between localized highs and bottoms. In the chart above, we can also see that the maximum upside for Bitcoin is more than likely $6.8k. Conclusion There are substantially more points that are worthy of note than what is seen in this article, but this overview generally sums up what can be gleaned about the price of Bitcoin in the very near future.
COINBASE:BTCUSDShort
by librehash
20
ETHEREUM CLASSIC ETC BOTTOMED OUT. EXPECTED PROFIT 32-78% ENTRY TYPE: 2 WEEKS OR 1 MONTH OR 3 MONTHS ENTRY PRICE BETWEEN 0.00158000 to 0.00166000 BTC STOP LOSS 0.00140000 BTC TARGETS ------- TARGET - 1 0.00214700 BTC TARGET - 2 0.00239600 BTC TARGET - 3 0.00289400 BTC EXPECTED PROFIT : 32-78% KEY POINTS TO SEE ----------------- 1. RSI OVERSOLD 2. MACD BUY SIGNAL 3. TD SEQUENTIAL REVERSAL ON 1D CHART 4. POSITIVE NEWS IN MARKET 5. HOLDING STRONG SUPPORT LEVEL OF 140000 SAT DISCLAIMER:- BEFORE MAKING ANY ENTRY, DYOR FULLY. I'M NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS. THIS TECHNICAL ANALYSIS IS JUST FOR EDUCATION PURPOSE ONLY. HAPPY TRADING ZIA
Long
by open4profit
26
Bitcoin BTC will be very soon on cloud no. 7 Target $20kBitcoin has to pass 7 clouds to reach $20k On weekly Chart from 18 dec 17 onwards Total Red Candles 21 Total Green Candles 21 Busiest Zone - GROUND 0 (5767-6800) BTC have to break 6800, to reach stage 1. STAGE 1 (Roller coasters ZONE): 6800- 8514 Its trend zone both in green and red. STAGE 2 (QUICKEST ZONE): 8514 - 9566 Price movements are very fast in this zone. STAGE 3 (BALANCED ZONE): 9566 - 11850 BULLS VS BEARS STAGE 4 (RED ALERT ZONE- HEAVY SELLING): 11850 - 13473 Becareful in this zone - from bears STAGE 5 (POWER ZONE): 13473-16238 STAGE 6 (LAUNCHPAD ZONE): 16238 - 18912 STAGE 7 (DELIVERY): CONGRATS WE'RE AT 20,000 Conclusion- Based on this weekly chart, Ground Zero is almost going to over in a matter of days, infact Bulls already hit stage 1 and may enter stage 1 any time. Stage 1 and 2 are very crucial in coming days. Stage 2 is at Fibonacci 78.6 and very short zone, if passed we will see 11k which is at Fibonacci 61.8. So HODL your BTC, soon we will be seeing stage 2 and 3. If you liked this analysis hit the like button. Will come with 2nd part of this analysis soon in different time frame. HAPPY TRADING. Zia (@open4profit)
BITFINEX:BTCUSDLong
by open4profit
34
Where ETH is heading. Full Technical Analysis ETH Entry ExitETHEREUM PRICE ANALYSIS & TARGETS --------------------------------- “Buy the Rumor and Sell the News" “Buy when there's blood in the streets, even if the blood is your own." Are you following above statements? If not, please follow - that's what will make you a good trader. Before we continue, keep in mind that ETH is 2nd in Marketcap. Vitalik is SMART. He will be coming with huge updates and surprise. ETH has touched 890 few months back, but at this price is GOLD, if you are holding for few months. In case of ETH, when it bottomed to 167, i told everyone grab it, its the best price. In a matter of 10 days we got a whooping profit of 61%. ETH currently moving in sideways from last 12 days with an avg. profit of 11%. As on date ETH is surrounded by some negativity in media streams, I never focus on these news, because next day they will publish its opposite. Believe in FA of ETH. Its very strong and new updates are on way. Ethereum’s core developers held another meeting, Aug. 31, to further discuss the world’s second-largest cryptocurrency network’s four-stage development plan–including additional details on the Constantinople hard fork and Casper. Key points ETH price above 61.8 Entry btw 200-204 Targets 232, 248, 255, 298, 337, 366 Stop Loss 195 RSI 51 is key level, if it breaks up - price will go high. MACD we will see red over blue/green overlap. Once you take entry make sure to book profit at current levels. Now what if price goes up. If price croses above 232 next targets will be 248, 255, 298, 337, 366 So keep an eye on RSI & MACD. EMA 21 is acting as resistance, if we break its good. If you liked this analysis, make sure you click like button and share with your friends and dont forget to follow me. Take Care Zia @open4profit You may see little bit price drop to 204.
COINBASE:ETHUSD
by open4profit
17
Something Big About to Happen in Bitcoin GET READY FOR SURPRISE Are you prepared - before next financial crisis? Whats the alternative asset? Why I'm Bullish on Bitcoin BTC Reason Based on Fibonacci Retracement 1. Drawing Fibonacci from 5 may high to 29 june 18 low, we can see that Fib 78.6 is playing a very key role in terms of resistance. If its broken down, BTC halts at support of 6100 very strongly, ofcourse it enjoyed the ride of 5796 at Fib 100. Next whenever it breaks Fib 78.6 on upside, we see a good bull rally that took BTC to a whooping high of 8506 on 23rd july 18. Now you will be surprised to know, its nothing but another Fib golden ratio of 38.2. So BTC is perfectly playing on Fib levels if you notice. As of now 78.6 is more important that 61.8 & 38.2. 2. Now lets draw next Fib. Retracement from 23rd july high to 11th august 18 low. Again the support of 6100 played key role & 78.6 i.e. 6550 acted as a resistance and when it breaked 78.6 on upside, we saw btc at 7388 that is 61.8 fib. SURPRISED. It went back down to again support level of 6100 on 8 sept. 18. 3. Lets draw final fib from 4 sept high to 8th sept. low. again big support at 6100. Pull back at 78.6 level, btc playing between 61.8 and 50 fib levels. Now what next - where BTC is planning its next tour - UP or DOWN? As of now BTC is continously making Higher Lows - thats good. BTC is running in sideways, infact yesterday all coins saw heavy red, but btc managed to stay with hardly -0.58% down. BTC is the first choice for investors before next financial crisis, & they all are preparing for same. Institution Investors, New Exchanges, Custodial Services, XRP partnerships, Bakkt, ETF and tons of good things ahead - only indicates BTC will pump heavily - It will be a flash, & next morning you wake up with a surprise btc package above 10k. It will happen, sooner or later we all know. How low btc can go? Risk:Reward Ratio Rare to Rare case 5000-5500 -- thats our risk, not so big. But Whats our reward -- unlimited. High chances oct-nov-dec season will surprise everyone as usual. Finally what now? what to do now? BTC at 61.8 golden ration - key level-means key level if we go down, dont be surprise and dont get panic to see 6396 or 6100. Its normal. But if it breaks up to 6767 (high chance) our targets are 6920, 7400 easily. So wait and watch... I will advise all beginners to enjoy trading, market is always profitable, only matters how you trade. Stop Loss is your friend, it save your account from big loss. So always use stop loss check my video on how to set stop loss and exit point. If you like this content & Analysis just SMASH THE LIKE BUTTON. More advanced anaylsis will be coming. Make sure you follow my youtube channel @open4profit Lots of Love Zia (Software Developer, Crypto Trader & Influencer)
BITFINEX:BTCUSDLong
by open4profit
42
ETH/USD Bottoming outWe have reached -70%. This is very similar to what happened during the summer when we had BTC hardfork drama going on. The one thing that has changed is the fact that we are below 30 RSI, very oversold on the daily, this has not happened for 1 year and 3 months, the bounce is going to be crazy and things will get super volatile. I personally am buying in in the 470 range, expected time of recovery is 40-60 days. G20 Summit might also give us a nice bump in price, but we'll have to see. This price action is nothing new, it has happened before and will happen again. Only variable here is volume, volume increases with every drop we have and this is good! KEEP IN MIND: Best time to buy is when everyone is losing their minds and sell when everyone is euphoric, sentiment changes quickly in crypto.
BITFINEX:ETHUSDLong
by minyrmen
14 Days Sideways - Something Special Coming for XRP HODLERS.Hello friends, Hope you all doing well in crypto as well as in life. So today I'm gonna share some TA on XRP. Many of my subscribers and followers asking me the right time to re-entry in this market. As I always say, NO MATTER YOU SEE DOWNTREND OR UPTREND - BEARISH OR BULLISH - You can always make profit from it. Soon I'll coverup all these in my next videos on youtube @open4profit . About XRP 1. Last 2 weeks XRP is running sideways, and its playing in between 61.8-50% Fibonacci. 2. If we see the RSI and MACD, XRP is overbought here, that means high chance you will see some correction and rates might come bit down, that doesnt mean xrp is bad. xRaid + RippleNet = BOOM. 3.What to do now? If it comes down below 61.8 fib, chances are xrp will be somewhere between $0.39-$0.44. Also make sure you keep an eye on RSI. Once RSI comes to 30 and MACD green cross over red - BUY IT. 4. Book Profit when RSI comes close to 70. 5. Time to enter - wait for some dip - DONOT ENTER NOW. 6. Stop Loss - use 1:5 Risk Reward Ratio here for xrp. 7. My Targets - Already got a hint from charts that price will go again at $0.80 and high chances of $1 too. If FIB 50% broken upside - will see $0.7 very fast. That's it for now. If you liked my analysis SMASH THE LIKE BUTTON - SHARE IT - AND FOLLOW ME FOR MORE UPDATES ZIA DISCLAIMER: ALWAYS DO YOUR OWN RESEARCH AND TECHNICAL ANALYSIS BEFORE DOING ANY TYPE OF INVESTMENT.
BITFINEX:XRPUSDLong
by open4profit
103
Monero Giving Us Some Reasons to Feel Bullish Foreword Given Monero’s bullish price action as of late, it has received a slew of attention around the crypto community for its stellar performance. Therefore, we’re going to go ahead and cover the coin again to see what’s happened since we last took a look at it. Monero Price Analysis The chart above displays the XMR/BTC pairing on the H4. The second panel shows the Zero_n0ncense BoP RSI Xtreme (unreleased). This indicator takes the Balance of Power and shifts it to an RSI scale in a smoothed manner while infusing a couple of additional elements to dictate signals of impending reversal. The purpose of this indicator is to allow the trader to anticipate a reversal in the price as early as possible. As we can see in the picture above, the BoP RSI Xtreme was effective in doing just that. From this along with past data, we can validate that this indicator is valid. We’ll keep that in our backpocket when assessing additional XMR charts on different time frames and against the USD/USDT pairing. Monero On the Daily (XMR / BTC ) What should be immediately apparent to those that are looking at the chart for the first time is that the uptrend that’s been in effect since late August has held true. If the price of Monero holds on the daily, then this would be the third time that the uptrend has been tested successfully without a throwback in the price. The transparent green boxes in the picture above symbolize the three times that this uptrend line has been tested. According to modern trading theory, the third time’s the charm (i.e., if a line is tested more than three times, it can be considered ‘valid’; only two times is iffy). This is Coming Off the Double Bottom On the Daily (Significant) What’s even more important to remember than the ‘target’ that’s established by the double-bottom pattern is the fact that it most often indicates that there is a trend reversal of some sort that has occurred. Reversal does not mean trend break. Thus, a trend reversal from a downtrend = uptrend. And indeed, the uptrend did begin on the second dip of the ‘W’. Looking at the Potential Future Price Action For Monero So, the takeaway here is that the price is pretty firmly nestled with the uptrend serving as a reliable support (at this point) on the daily with an additional support point that exists right below the current price. Exponential Moving Averages On the chart above, we can see the EMA-100 (blue line) and the EMA-200 (purple line). The current value of both exponential moving averages are marked with a dotted dash line. From our studies in EMAs, we know that when the price is above the EMA, it serves as support, when it is below, the EMAs serve as resistance points. Thus, the two EMAs that you can see above are resistance points. EMA-100 (daily) = .017899 EMA-200 (daily) = .019673 Here is the takeaway from the three EMA indicators that you see in the chart above: 1. EMA 12 > EMA 26 > EMA 50 = positive; Shows there’s been some subtantive bullish momentum. 2. For Heikin Ashi, the EMA-12 appears to be holding. If it continues to hold, then breaking through the overhead support points that have been established by the EMA-100 and EMA-200 should not be difficult. The support points (per EMA) on the chart are as follows: EMA-50 = .016823 EMA-26 = .016890 EMA-12 = .017365 The price, at the time of writing is sitting at .017667 To reiterate, the EMA-50 tends to be the most reliable (in crypto at least), when it comes to ‘standing its ground’ as a resistance/support point. This bodes well for Monero bulls. Relative Strength Index (14) In the above picture, you’ll spot the RSI(14) for the daily chart. The reason why there are green and red colors are because this is a specialized RSI by the author of the article (like the other one), that is designed to render buy and sell signals. The indicator is currently unreleased (will be avaialable soon). As we can see on the chart above, the RSI(14) has shown stepped improvement and is not currently overbought on the daily. The trendline is placed in the photo to help illustrate the trend of the RSI in general. Moving Average Convergence Divergence (MACD) While it seems like investors should be wary of the MACD indicator’s reading above (especially since it looks like it just flashed a preliminary sell signal), it should also be noted that there was not a cross in the MACD (that’s the sell/buy signal confirmation). Thus, the trend (uptrend) is still technically confirmed on the daily. The MACD mostly reflects the price action anyway, from the author’s standpoint. The MACD would more than likely signal a sell if there were sideways movement for another day or so, which would be indicative of a technical ‘break’ uptrend that the price is trading against, which would mean that the support point we plotted that’s directly below where the price is now would become the next target. Conclusion In Conclusion, there are a fair amount of reasons for why one should be very bullish for Monero currently. 1. We’re reviewing the XMR / BTC pairing and not the XMR /USD(T) pairing. This is important because our earlier prediction with Bitcoin anticipated another rise on the price of Bitcoin. Therefore, the price of Monero (USD-wise), may accelerate even further. This opens up the trading strategy of investing in a long position on Monero to enhance one’s fiat profit gains, then consolidating the gains by exiting the position then entering a position in Bitcoin after its next consolidation phase or until another coin is found that shows prolonged appreciation against the price of Bitcoin. 2. The majority of the signals and patterns that we identified on the chart appear to be largely bullish in nature. This is yet another good sign. 3. The sentiment toward Monero has been positive in general. This is something that’s underrated and often overlooked, but it can become a great catalyst for the price action of certain assets/currencies. R/R Recommendation: (Please note, this isn’t financial advice; any trades that you make are your own responsibility)
Long
by librehash
1
Litecoin Price Analysis: Long-Term Bearish; Short-Term Iffy BullThe price of Litecoin has been moving in tandem with Bitcoin (just with more volatility) lately, which makes it an especially juicy option for shorts/longs depending on which direction you think Bitcoin is going in (i.e., if you think Bitcoin is going long, you definitely want to long Litecoin; if you think it’s going to drop, you definitely want to short Litecoin). This is validated by the correlational index provided by SIFRdata. Rarely does this traded pair move opposite of Bitcoin, although there was a time where it was appreciating against Bitcoin at a fairly rapid rate a few weeks ago as Bitcoin was ascending in price (this was back in July). But without further ado, let’s get to it. The white line that you see in the picture above represents the long-term support point for Litecoin. Below is an even closer view of what it looks like: However, the RSI is signaling us out on the daily pretty hard. As you can see with the RSI, there was a sequence of highs that had initially occurred, that signaled we were in the clear with a good investment (solid upward price action). However, that elongated pattern of progress on the RSI(14) on the daily chart is now no longer. Yet, this long-term support point that we’re seeing (indicated by the white line), is holding tight thus far. Let’s check out the volume reading to see how that’s looking. Volume As you can see from the photo above, the sell volume has descended a bit over the past few days, but it still vastly outstrips the buy volume that preceded it. Normally, when there is a decrease in the volume, we can anticipate a price reversal. But this is not the case when we were in a bear market and that decrease is a decrease in sell volume. There is a chance that there could be a subsequent spike in sell volume, especially if the price of Litecoin falls back down through the the long-term support that its currently sitting at on the daily chart. Let’s scroll out a bit first though, and get a better idea of why this long-term support is so important for determining the future price of Litecoin. Long-Term Support Point As you can see in the photo above, this long-term support is right where the price run for Litecoin really started up at in 2017. So, without even looking at a Fibonnaci chart, we can tell that the price of Litecoin is at a 100% retracement point on the daily chart. Above is the visual of the Fibonnaci though, in case you needed it. Next Likely Support Point The next likely major support point is probably at $40-ish. Triangle formation is nearing its apex on this chart. This can’t be called a descending triangle because it’s not. It does not fit the necessary qualifications of a descending triangle formation. To conclude the long-term price analysis for Litecoin, the author is extremely bearish and sees another -20% drop, at the very least. Short-Term Price Analysis In the short-term the prospects for Litecoin look slightly more promising. Divergence between the price and the RSI should be immediately apparent from first sight, but we’ll out line it below in case you weren’t able to identify it manually already. When the indicator is signaling bullish intent with the price acting in a bearish manner, that is considered positive divergence. When the indicator is signaling bearish intent with the price acting in a bullish manner, that is considered negative divergence. Know the difference and learn how to identify each; it saves lives. Resistance Points In the picture above, you can see we have the EMA-50 hanging right over the price of Litecoin on H4 currently at roughly $57. As noted in other analyses, the EMA-50 may perhaps be one of the most ‘powerful’ support/resistance points in all of crypto as far as EMA indicators are concerned, so this is definitely worth noting. The Ichimoku is dictating the same fate for Litecoin (assuming that it passes the conversion + base lines; those are the two red and blue lines on the chart right above the price). The bottom of the cloud is hovering at $57. So, $57 is looking like the definitive mark to beat. Given the bearishness of the daily outlook and the mild bullishness in the signals for the 4H chart, only the most mild of longs would be suggested here (even though it’s not advisable to risk tremendous losses scalping super short-term profits). Conclusion If one were to long here (for whatever reason), to try to hustle out an extra 5–8%+, then this is what the safest R/R would probably look like: If one were to attempt to short on Litecoin (probably the smartest decision), then it would be recommended that one set a S/L right above where the target was from the long position and then letting the price ride out from there. For this, we will change time frames and scroll back up to the daily. Truthfully, this is probably one of the more conservative outlooks for Litecoin, all things considered.
BITFINEX:LTCUSDShort
by librehash
4
Bitcoin is Looking Ripe for a Mean ShortSo after our target got hit, it appears that Bitcoin is looking VERY ripe for a mean short at this point. Below, I will outline in detail the reasons for my analysis: From what we can see above, Bitcoin started taking off to the races a few days ago after the price failed to break below the $6k resistance zone (it slipped below it briefly to the $5.8k mark for about 10 minutes before quickly correcting itself back up above $6k). However, as of now, there are reasons to be quite bearish on what’s going on. Why Should I Be a Bear? Great question. Below, are a list of reasons. RSI is Ready to Tip Over Above, is the 12H Above is the H8. Heavily overbought. Above is the 4H. Gross overbought and headed straight down. Divergence is heavy. Price is Nudging Right Against a STRONG Resistance As noted in our prior price analysis, $7.1k-$7.2k is one hell of a resistance point. As you can see in the picture above, this point has served as a notable resistance (and support) for the price of $BTC in the past, and recently at that as well. Conclusion R/R (risk/reward) on a long position just simply isn’t worth it from this point. Optimistically, there’s only about 6.81% more to be gained. Even if one did think that the price was on the precipice of a major bull run, the indicators are showing that a consolidation is due. So, regardless of whether your disposition is bull or bear, it would be advisable to collect any and all profits that have been gained from this run and wait until the price action firms itself from this point. In the author’s opinion, a modest short (not x100 leverage for you Mex junkies) might not be a bad idea either (not financial advice).
BITSTAMP:BTCUSDShort
by librehash
Ethereum Price Analysis: At Least a Scalp Possible HereIt should be no secret to anyone that the price of Ethereum got absolutely throttled over the last few days. Let’s check out some of the carnage below: Although, things shouldn’t be considered all gloom and doom because that $280 support zone held itself religiously (with the exception of a short-term sell off one day that brought the price all the way down to $250 before the swift bounce back up to $300+). The line on the chart above shows the multitude of times that the price failed to unsuccessfully break below this point. A daily candle has not closed below $280 since September 2017; that’s worth noting. Fibonacci Levels Coincidentally, this was a major level on the Fib as well! As can be seen on the chart above, the price virtually ricocheted off of that lower support point before heading ever upward. Rate of Change on the RSI It’s rare that I skip right pass the RSI itself, but the Rate of Change of the RSI(14) is something worth checking out: Relative Strength Index (14) The RSI is still oversold (when smoothed over by my amazing indicator), despite the fact that the price has bounced pretty well and that the Rate of Change on the RSI(14) has taken off. Let’s Look at Some Lower Time Frames Here are some EMA indicators on the H4. Remember what we said before about the proximity of these indicators with one another and how that ultimately can reveal a reversal in the impending trend? Perhaps what is most significant, though, is this battle between the EMA-12 and EMA-26. Most recently, the EMA-26 crossed back above the EMA-12, which is bearish. But the EMA-12 has an opportunity to get back through as well. Therefore, a price rise could be imminent. Potential Price Increase of Ethereum Assuming that the market bounces, Ethereum could be one of the major winners of said bounce. I am well aware of the phenomenon of ICO projects dumping out a shitload of Ethereum tokens when they get afraid that the price is going to continue to decrease. However, I believe that the majority of this dumping has already occurred and, of course, if the price does begin moving up strongly that will more than likely halt the dump. The above is the most optimistic case scenario (if it hits that long-ish term trendline). However, below is a more realistic expectation for what it may hit: Yup, the next support point is hovering right around $320. Conclusion When Ethereum moved up to the $320 range just a day ago after being at $280, it showed us that it has a LOT of ground to cover just to get back to ‘par’. Thus, there’s a solid chance that the price of Ethereum could really start crunching in serious gains (at greater percentage points that Bitcoin, of course) in the VERY near future! We’ll just have to wait and see though.
BITFINEX:ETHUSDLong
by librehash
2
BTC Time and Price Analysis In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy. So first off, what we have here is a WXY correction(Double three combination correction)e.g www.elliottwave.net And we currently have an ending diagonal triangle forming as of now e.g www.futuresmag.com Now we proceed to our price targets of the year , we now find the possible fib retracement targets Btc has for 2018 with the use of trend based Fib Taking the highs of 19k, lows of 6k , and the retracement up to 10k to find our possible last target for wave Y, which lies at the 0.5 retracement of around 4900 We then use the highs of wave b, lows of wave c, and highs of wave d to calculate possible fib retracements for our final wave E which lies at the likely target of 5160, Hence my recommended buy zone is from 4900-5160 for long term hold. Time analysis We now dive into time analysis where we take the swing high of wave b, swing low of c , and swing high of d to find the time approximate for wave E, a minimum target of 1:1-1.618(common retracement) is given in this chart which is from around September 13 to October 13. The 1.618 time retracement coincidentally meets with not only the trend line that led me to the assumption of retracement of 4900 but also meets with the 1.618 time retracement area. Hence in a nutshell my targets for lows of this year are anywhere from 4900-5100 area and i believe it will happen around October periods Hope it helped you !! Happy trading. DISCLAIMER:I am not a financial advisor and these are just my own personal opinions to give you more exposure to your last decision on whether to short or long Thank you .
BITFINEX:BTCUSDLong
by noobtrade232