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XRP Make it or break it time incoming!XRP army! Hide your kids, hide your wives! XRP possible bull run comin' at ya! Be patient though, but my crypto senses are firing up! Had to look at it for for quite sometime to believe it myself, but look at this beautiful falling wedge in the making! Levels to look out for: $0.13 and $0.26! Last line of support to reject and bounce back to. If XRP bounce of the support rejecting the bears with a vengeance and heads towards $0.26 resistance and breakout through the upside, then omg! XRP might possibly be going to $1.00 region!?!?!!!!(See dotted extrapolation). Regardless that descending triangles are most probable to breakout to the upside, past indications doesn't have to be future results, XRP breaksout at $0.13, then you might wanna consider to cashout. But once the lower low is confirmed there is still hope for the XRP project. Hold your tits XRP army! Short-term: Bearish Long-term: Very bullish Also suggest to look at my BTC/USD TA, since the breakouts are quite similar to the possible breakout dates. Good luck & be careful short-term traders, people are probably still waiting for an opportunity to cash out from the last breakout profits.
BITSTAMP:XRPUSDLong
by bonic
1
BTC bounce and Touch 10460 before breaking downFor my personal purposes only. As a control of my view. I would be prepared for a short touch, probably wick on level 10400 - 10460 which is a Fib level too and a point where the triangle upper LINE meets. Will see how the price reaction will act on the place. We are looking for bullish candle and clear close throught. Anyway i believe the whole triangle pattern will played out downside. Break throught 9500, test 8000 and quickly comes up after eating all sell orders in liquiditi pools. Do you also like RSI? Which way do you usually use it? Do you use FIbbonachi for confirming S/R levels? Not a finacial advice. Thank you for any feedback and comments. MATT
BITMEX:BTCUSD.PLong
by Matyas44
ETH/BTC Tend Reversal Macro Trade #AltSeason ??!? This is linked to my original idea but did not act. So this is my plan of action. I am still currently in a short trade, Spot long. What changed my bias was the daily close above the 21 EMA, bounce off the top ranged of my long term support from my previous Idea(around 0.016 ish) My main concern is no volume but I feel like everyone thinks alt season is dead which I find (through personal experience) makes people lose interest in even looking at charts until there is a big move with volume. For me I do not want to miss this move so I am now officially prepared and happy to take multiple shots at this trade to get the right Risk/Reward for the next bull run in Eth.
ELong
by merchtank19
BTC LONG - different point of view using only RSIHello everyone. I believe this is a bit different point of view on our mystery Bitcoin situation. I have been playing with RSI. Trendlines, 50 level, divergences etc... combined all together and found some interesting results. As per chart, there is always a wave up after price being under 50 RSI while actually touching 50 RSI... There are two important horizontal levels of RSI & Price ( Red full and Red with space ) Green circles means that price react at correct RSI 50 level. On the other hand, there are levels on RSI 50 where price action react lower, on the partly red horizontal line.. By the logic, it means that people are buying for lower price than they should, so we can expect PRICE grow higher. After move up there is always retracement, which happened with RSI crossing blue RSI trendline from above. Also , there are two Bullish divergences. This Pattern played out two times since our HIGH in July…There is a probability of repeating itself. As a target, I have used Resistance trendline, conecting our last tow TOPs Sorry for my language and way of explaining… The chart is a mess :D Iam beginner learning the terminology. Not a financial advise. Its for my own educational purposes only. I would really appreciate any feedback. Wish we can go together to the Moon and than to the Mars! :D Greetings from Bali - Indonesia Matt
BITMEX:BTCUSD.PLong
by Matyas44
2
LINKBTC Blue Sky Breakout Retracement Hello Traders, Today's Technical Analysis will be on LINKBTC with its decent retracement from its blue sky breakout. Points to consider - Held support at the .618 Fibonacci level (Fib levels are only considering body candles not wicks in this TA) - Three touches confirming trend line - Structure has been putting in lower highs and higher highs - Potential falling wedge pattern - Extremely low volume thus breakout is highly probable - Potential Higher Low in place if trend continues bullish - EMA's neutral not showing much significance right now - RSI currently neutral - Stoch's however showing more potential of downwards momentum Link could retrace right back to the .618 Fib before making another move up, however if the trend line is broken, then whole market structure will be overturned. This will make the structure more bearish, signifying that the correction is not over and further downside is probable... What are your thoughts? And remember, “Holding losses and hoping to break even is not an investing or trading plan. That is dumb money on suicide watch!” ― Fred McAllen,
by AzizKhanZamani
A Gulden opportunity! Resistances at 350 and 500 sat.As is the case with many other alts, Gulden (NLG) suffered hard from BTC's bullrun. Now has the time come for Gulden to shine once again. Looking at the 1 year chart and the MACD, MA-cross and the RSI, we notice that Gulden is almost on it's way to the 300-600 sats region. Buy at these low sats as we are heading towards the first resistances at 350 and 500 sat. If we break these resistances, FOMO can come in play and we may even see the 1000+ sats once again. The developers let us know that in less than 2 months time we will see Phase 4 go live with the use of a new Gulden specifically alteration of Argon2 algorithm.
NLong
by UnknownUnicorn4621824
2
Fractal comparison for bitcoin, bear or bull? Bear!Hey, guys Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract. But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are: Double top in 4H time frame. Bitcoin price break down the neck line of double top. Bulls tried to break up the neck line, but failed, price drop again, but high low formed. Price surge more than 1000 USD in very short time, and break up the neck line. RSI indicator pattern, pls refer to the chart, it explained itself. This activity (break up neck line suddenly) is try to liquid all of short contract or short holding. since large short holding are the resistance for drop(shorter will buy back in the lower price, buy activity is the resistance for shorter itself) . In traditional trading, most of shorter will open short contract after the price break down neck line, and set stop loss above the neck line. This is also the difference between traditional trading and crypto currency trading, how to beat the market always an art to learn in lifetime. Keep patience! Pattern fail scenario : when price break up ~ 11300 with decent volume. if that happen, I will liquid the left of my short position which from ~ 12000. Success pattern : price drop below neck line again ~ 9700, that means bleeding for longer incoming. This thread just an interesting comparison base on my observation, not a trading suggestion. If you thought it's interesting, pls give me a like, many thanks!
Short
by HuPan
34