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Surge

BTC MACD bullish crossingWith multiple bounces from the marked support zone and triple bounce off of the bottom of the Bollinger band + what seems like a start of the MACD crossing, it seems to me that BTC is ripe for another round of yolo surge. At the very least, I think we're in for another test of the 42k. Also WSB is probably going to realise sooner or later that BTC is decentralised - meaning that it can't be regulated like their meme stocks. Maybe someone should tell them.
BITSTAMP:BTCUSDLong
by viiiiiid
BTC to keep showing its strength (positional holding)Update to BTC: A fresh all time high, created a great drop to fill the balance. A new fresh top formed. Price has fallen but stopped at a great level of imbalance. What now? We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break. - this has now been completed! If you are holding longs and still comfortable. continue to hold with hedges accordingly at levels where price has reacted . The chart shows us: Maxed out weekly, monthly tops, creating a new all time high for the coin. with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season. Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out. The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021. Zones to watch for long additions. $24,000 - 25,550 or now 29k. imbalances $30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January. Upside targets 50k or more! Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis.
COINBASE:BTCUSDLong
by LupaCapital
2
Three Alternatives to Charting Uncharted TerritoryWithin technical analysis you use indicators and price action to determine what the next most likely move of an asset is going to be. I love indicators, but I love price action even more. It works for me, it's simple, it's clean and there isn't too much hocus pocus. The downside with price action though is that you need to be able to observe price action in similar areas to the one you are trading in now. When a price moves up like crazy such as what bitcoin did, you won't see anything on the chart that is comparable or that you can relate to. In that case, you have to be creative. You can either go back in time, and find comparable prices way back. The downside here is that the further back you go, the less predictive that action is. You can also chart based on psychological support and resistance. Think creatively about at which points the price is likely to bounce and use those instead. And finally you can use other price action indicators such as the Fibonacci retracement. In this analysis I show all of these. Let's walk through them one by one. First of all, you can clearly see the Fibonacci retracement. I used the most recent low, and the most recent high to draw the fib. Immediately, a few things stand out. We see the beautiful bounce around .236, a level that usually only matters in very bullish set-ups as the price often breaks right through. Also we see that there is resistance at the .382 level and at the end of the golden pocket. You could use that information to determine a good entry for a long and estimate a reversal point. Then, I also looked at price action way, way back. We see a very interesting horizontal zone coming from July '19. There was also another horizontal zone that didn't fit on the chart anymore around the $17,200 from January '18. You can use the upper one to mark an area where you can expect resistance, and the lower one as an area where you can expect support. And then finally you have psychological levels. I highlighted one very important one here at the $16,000 level as I expect we'll be mostly looking at the more bullish levels soon anyway. The price beautifully bounced around that level and I expect it can happen again. The price might get rejected and reverse when it's moving upwards around that level, or break through and use a S/R flip to find support again near that same level. As for my expectations on price, I expect a form of consolidation now where BTC will not be the star of the show for a while, but instead we will focus on great Alt opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSD
by Trading-Guru
4
Bitcoin, 3 possibilities.Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold there and wait for rebound out of 6-month channel, sending us into bully rally. Option #3 - We plunge below $7,000 and head probably into sub $6K range, with my target near $5,800. I got stopped out at $7,795, but then got pulled back in @ $7,870 due to the bullish engulfing candle on the 15 min chart. I may be over-trading this play, but I want to keep profits but also don't want to miss a rally above $8,000. Time will tell. The "options" are in the order that I see most probable. Reminder, don't trade emotions, trade the charts and your strategy.
BITFINEX:BTCUSDLong
by GunMoney
Gold daily overviewGold prices have reached new high levels during the second half of Monday’s trading session. During the surge the rate reached above the 1,210.00 mark. However, the surge was stopped by the upper trend line of a long term ascending channel pattern. The pattern with it received another confirmation of its borders. On Tuesday morning the commodity price was consolidating its gains near the 1,210.00 mark by trading sideways. Meanwhile, the rate had no close by resistance or support level. Although, note that the 55-hour simple moving averages was approaching the metal’s price. The SMA most likely will push the metal higher.
FX_IDC:XAUUSD
by UnknownUnicorn890690
VERGE: HUGE POTENTIAL IN A FEW DAYS (45-80% GAIN)Disclaimer : Anything that I say is my own opinion. I have been doing my own personal research and believe that XVG is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump" , it is just a friendly investor sharing his insights. I've been charting XVG for a while now and I believe that a new surge in on its way! It looks as if it created its new support line and is showing upward trends. I am currently thinking that Verge will take a few days to break through the new resistance line (Purple line) So lets get started! ***I personally use Ethereum to do my transactions/transfers to altcoins. If you use BTC then your graph may look slightly different. Keep that in mind when purchasing. Firstly, as marked in my graph, I put an orange line at the bottom. This is where, I believe, is Verge's new support line . If you look back a few days Verge actually fell back on this line as well. The solid purple line will become the new resistance line . Once Verge breaks through this line we will start seeing tremendous gains! So the best time to buy Verge is in my little blue box. This range is between 0.00021550-0.00019500 ***Now of course before doing any major investments, we must make sure we have a stop-limit. I always believe that a stop limit should be around 5% give or take. Some people like to do stop orders around 7% so whatever you believe I think you should do. *** The first milestone is the blue dotted line . (0.00024104) (Realistic) (Sell 10%) This is where I will take my first cut out of Verge. Take a little money for yourself just for insurance sake. The second milestone is marked at the green dotted line (0.00027825) (Realistic) (Sell 10%) If you look a few days back you can see where this dotted line hits. This is a very realistic number to hit, and I believe it can be done in a few days. The third milestone is marked at the orange dotted line (0.00032624) (Realistic) (Sell 40%) This milestone may take a few days. After Verge surges in the next few days we can see the third milestone be hit. The fourth milestone is marked with the red dotted line. (0.00037690) (At least a week) (SELL REST) This is the final push and will at least take a week. If verge reaches this milestone, which it will, this is where I would cash my remaining shares. Thank you for reading my post and I hope you enjoy. Make sure, once again, you do your own charting and research and let me know if you find anything that I missed. Happy trading! -von braun
Long
by von-braun
2
RIPPLE: BUY BUY BUY NOW (NEW SUPPORT LINE)Disclaimer: Anything that I say is my own opinion. I have been doing my own personal research and believe that Ripple is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility. Do some research and learn about the currency yourself before putting your hard earned money into it. This is not a "pump and dump", it is a just friendly investor sharing his insights. My thoughts of Ripple I have mixed feelings about Ripple. I have been following the project for around two months now and everything about it seems pretty amazing. To start off, Ripple is always in the top four largest cryptocurrencies. But why? Ripple is essentially is becoming the "Venmo" of the crypto world, and rightfully so, has large banks such as Santander on their side. If Santander, a world-wide bank, doesn't impress you then I really don't know what will. Ripple has proven that they are a crypto that can actually make it in this volatile world. I've been watching Ripple since it was around 10 cents a share and was too skeptical about it. I never really liked the idea that Ripple was essentially helping what most people started to use cryptocurrencies, the banks. Since this I've lost out on tremendous losses. Now I see the real world application of Ripple , and so should you . THE CHART Listed in the chart I have an orange line, or Ripple's new support line. The Purple line is Ripple's new resistance I believe that right now is a perfect time to buy Ripple. Therefore, the blue box is the sweet spot in my opinion. I would buy anywhere in that range. I will just let you know, a Ripple investment is a long term investment . Keep that in mind while you place your hard earned money in it. As always, thanks for reading my graphs. If I missed something let me know, I love to hear feedback. - von braun
Long
by von-braun
2
USD/CAD returns to weekly R1 Daily outlook - USD/CAD returns to weekly R1 As it was expected, the USD/CAD currency rate bounced off from the 100-hour SMA near 1.2677 and once again surged to the weekly R1 at 1.2738, and even managed to bypass it for couple of hours. Fortunately for the Loonie, an announcement of information on the US CPI led to 33-pips depreciation of the Greenback. For the reason, the pair has two main options. Either it will find a support already at the above-mentioned 1.2677 level, or it will slip to a combination of the 200-hour SMA and the monthly PP at 1.2636 and only then make a rebound. The first scenario seems more likely, as it is supported by multiple technical indicators, which send a signal that the rate is oversold. On the other hand, the second option represents a more sizable barrier for the given currency pair.
by UnknownUnicorn890690
1
Copper outlook for the coming months and 2017Copper at the moment is going through high levels of supply and prices have plummeted to weekly lows. Demand may be weakening in China, the world's largest consumer, as stocks of metal flow out of the country to warehouses elsewhere in Asia. Therefore, we have a supply glut and copper price in the future doesn't look very promising. Stocks of Copper on the LME are now at their highest levels since October2015. There is also possibility for the copper market to tighten due to reduction in investments in new mines. Momentum in China is starting to stall and people are starting to off load the metal in other markets.
FX:COPPERShort
by OSEA7
9