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Litecoin still HIGHLY undervalued EDUCATION: What is a Falling Wedge ? We can observe a bullish pattern here, a Falling Wedge, that begins wide at the top and contracts as prices move lower. The price action forms a cone that slopes down as the reaction highs and reactions lows converge. Each high is lower than the previous high, and each low is lower than the previous low. We need the price to break the upper resistance line to get a buy signal, which could be seen soon as the RSI broke the resistance, but we have to wait for a breakout and can’t make any speculation - very important . If it occurs, just watch the next resistance which is the previous uptrend line (red dotted line on the chart) that formed in november / early december. Once it breaks that, it’s going bananas. If it doesn’t occur, we’ll stay inside of this Falling Wedge (bullish pattern in case you’ve already forgotten) and eventually bounce off the main uptrend, which nicely coincide with the end of the pattern. We can see also see others bullish signs in this chart: 1. The price formed a double bottom 2. It did it on a very important support line: the 0.786 Fibonacci line 3. And finally if you zoom in, and take a look at the 4h chart… You can see it performed a nice bullish divergence. EDUCATION : What is a bullish divergence ? As shown below, it occurs when prices reach a new low, but an oscillator (The RSI in this case) reaches a higher bottom than it reached during its previous decline. This kind of divergence is often the best signal of an impending sharp rally. I’ll close this idea saying that I’m bullish on Litecoin not only based on the technical analysis I just showed you, but mainly based on the fundamental analysi s: it’s a very good payment option, fast, with low fees, and way more convenient that Bitcoin (not difficult I agree). In more, there’s a lot of positive news with Litecoin, with the release of Litepay, futur atomic swap with Bitcoin in 2018, network continually growing, more and more commerçants accepting it, etc etc etc. I believe it is still very undervalued, and will not be surprised to see a huge rally this year, with more adoption from the mass. And finally, why couldn’t I contradict myself and end with some speculation to spice up even more things… Could Starbucks starts accepting Litecoin? theusacommerce.com
BITSTAMP:LTCUSDLong
by victor_tlm
2
S&P 500 Index: SPX looks ready to rally back to highsS&P 500 Index SPX This chart shows an island reversal at the top, created by the first exhaustion gap atth etop of the chart, followed by a continuation or breakaway gap which led into yesterday's waterfall decline. we wer e looking for a decline to 2607 - the low was 2593, some 14 points out. Close but no cigar. As with the Dow this index has collapsed 10% (2584 is 10% off the top), within 9 points exactly. In 2 days. Fast, sharp two day declines are a sign of a strong market. Additionally, the S&P has touched long term dynamic support at the nadir and has left spikes off it. Can get long again on dips now looking for a retest of the highs. Stops below 2640 for smallish loss if wrong from here.
SP:SPXLong
by sumastardon
USDJPY can Be Completing A Bigger, Complex PatternUSDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle line, at 109.50/110 area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start. This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area. The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
BITFINEX:ETHUSDLong
by SebastianofMoon
2
Buy BCC Now!!!Stop selling BCC. The people behind BCC gave the community an incredible gift. They gave 10’s of thousands (maybe millions) of people an incredible amount of income for 2 years and now they have left behind the best gift of all. They left us a coin that has a strong performance history with a small and limited supply. Think about that for just a minute. They left the community this coin to buy, sell and trade. They left something behind that governments and regulators can’t stop of shutdown. They paid out all account holders the full amount of their total money invested, in BCC coins and now it’s up to us to continue the fight. As I write this there is a concerted effort by many governments around the world to crush the crypto market. Why? Because it scares them to death and it threatens to upset the balance of power worldwide. They are spreading fear and using threats to try and quell this uprising of mankind! If you are involved in crypto just to make money then you are extremely narrow sighted because remember this is a revolution! This is the beginning of the end for the good old boy system that has oppressed us for millennia. This is FREEDOM!!! I’m not in love with BCC coin but I have great respect for the thought that went into this approach. We as a community now control BCC and we can make it whatever we want. If the majority of traders decide to hold BCC then we can drive the bus straight past all other coins! If you refuse to sell and start to hold and buy on dips this coin can overthrow BTC. Viva La Crypto !m!
B
by dipdizzywizzle
6
Shift Rally Hasn't StoppedFollowing the previous idea on Shift , it has reached the upside target at $9.34, that is 327.2% Fibonacci retracement applied to the previous all-time high. The $9.34 level was not only reached but clearly penetrated and price continued to rise, reaching $13. Corrective wave down followed and was stopped right at the 261.8% Fibonacci support level that is $7.57. As the 427.2% resistance is broken and 261.8% support is rejected it is very likely that the rally will continue where price could reach $20. Although prior to that $14.78 and $17.45 resistance levels must be broken and should be watched closely. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
SLong
by CryptoPAMM
DJIA is Bullish, But for how long? Probable Resistance Is NearThe Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also ending its rally with five minor waves, and for a suggestion for a reversal we need to wait on a breach below the lower channel line in a five-wave fashion. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
DJ:DJI
by ew-forecast
3
Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled?Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled? Bottom Tested 3 Times/Confirmed SUPPORT Level I'm seeing an inverted Head & Shoulders forming with rising volume that at 14,000 could signal the bottom is in and a reversal back up for a New Year's rally in the making. That's what it appears to be doing at this point, and if so, would lift up the whole market like the ocean tide rising in all the rivers. RSI and MACD are moving upwards with lots of space to run. The 50 EMA (50 day moving average) is curling upwards as the volumes are building. All system's go. In all honesty, I believe a large portion of this move will be because of Bitcoin (BTC) primary infrastructural utility as a conduit for people to move fiat funds into purchase other alt coins, as well as into Wall Street via the CBOE and CME. My favorite alternative currencies are especially Bitcoin Cash (BCH) and Stellar (STR/XLM), but also Cardano, Ethereum, Litecoin, Dash and Ripple. On a somewhat funny side note: There is the lunar trading theory, AKA "Moon Theory", which says a Full Mooon is the best time to buy and New Moon the best time to sell. Last night was Full Moon. Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas. Wishing you all a Happy New Year and All the very best wishes of luck in your trading ;)
Long
by Inspirar
3
113.00/113.12 Region can Offer Resistance on USDJPY We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish continuation. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
2
BTGUSD Buy this dip for rally back to highsBTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again ahead of a possible good weekend rally in prospect. Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel broken.
BLong
by sumastardon
1
Can BRENT rally to 70? Strange PatternPlease like and subscribe if you want more analysis from me... I will appreciate that. What's the point for OPEC to cut oil -1.53% supply if America flooding the market with it?? The only one question, for now, is whether oil -1.53% rally will end at the end of December or at the beginning of first quarter of the year 2018? However what the chances that BRENT will rally tp to year 2015 highs? Read this Articles for further research: www.bloomberg.com www.wsj.com www.wsj.com
TVC:UKOILLong
by NextOrderAlpha