TA
#GNT 2 in 1 - Bat and Crab Pattern - Harmonic Patterns#GNT Golem Crab Pattern in play after completing Bat Pattern.
Golem just gave point D of Bat pattern, which targets on short side are the purple small boxes and dashed lines. We did reached first targets, can't say if we will reach 2nd before reversal for it's original form - uptrend.
Once we reversal for uptrend we already have Crab pattern in play and should be heading to Point D (on chart) - expect volatility as this pattern is know by that.
There is no time frame, all will depend on market conditions.
PS: The small purple boxes and dashed lines also work as entry for this play, you'd like to see a reversal on there, or somewhere around there.
BTC Update! Back to lower lows!Here it goes again, we are back to lower lows as BTC was unable to hold the last higher low from prior chart of $3293. We lost that and its been a slow decline since with the two higher lows before 3293 ($3254 and our low of the year $3212) also giving way to bear pressure. Shorts are just now starting to climb back in so they are unlikely to be under any pressure anytime soon in my opinion.
This is an ideal time to be patient if looking for bullish entries. Do not try and catch that falling knife. We will see a bounce and lots will try and gamble on an entry but personal strategy is enter when trend is changing to favor bulls and exit when trend changes back to favor bears. This obviously has left minimal entries for any personal trades the last several weeks if not months as any bounces or rallies are generally short lived by the bulls. But its the same idea of just protect capital. Zero need to constantly be in a specific market, sector, etc. Cash is always an option as your position.
Last chart I had taken on a BNB trade just due to chart setup, had exited about 25% of position for a 5% gain and was stopped out on remainder for just above my entry. Small gainer overall but a low risk entry and a protection of profits/capital exit. I'm staying cash for now and likely over the weekend unless the bulls can shift the trend.
$3,000 is a big psychological level in my opinion and I expect buyers to step in but back to bulls need to prove it mode. I would consider a personal entry again if significant bearish pressure drives the price down quickly and bulls show up with significant volume to try and hop on a V shaped recovery for a quick and profitable play but otherwise patience will remain my game.
Just My 2 Sats!
BTCUSD Selling momentum waning - Inverted BTCUSD chart (finex)To put things simple
Inverted BTC chart
Declining daily bull volume
Daily bearish divergence on RSI
Rising wedge
Trying to break bull out of daily bull flag however not much follow through yet, may retest bullflag trend line. Likely to see some follow through however but exhaust towards 3-3100k support (resistance, in this case).
Next day or two will be telling.
Thanks for stopping by!
- Masta
BTC Update! 4 Hour gets another higher low!
Yesterday we were watching to see where the pull back would land. Another 4 hour higher low or the bears taking us back to new lows.
Bulls managed to hang on and set another 4 hour higher low which is great news. They then saw some follow through over night/early morning and finally got above the EMAs on 4 hour again.
If you zoom out to the daily, well its still not too impressive and still about $150-200 away from EMA resistance on the daily. But it is a start.
I personally did make a play here but went alt coin route. I played BNB over on Binance as it was leading the way the past couple of days compared to BTC. I entered on consolidation where it was already about 4 hour EMAs and entered seeking EMA to then hold as support. I have scaled out 25% of position and the remainder I am using 4 hour higher lows there for a stop loss just to protect capital. Attaching photo of that trade here for reference. Happy to see bulls get a little follow through and now will be patient to see if they can get some momentum rolling or if bears are just preparing to reload their shorts.
Just My 2 Sats!
AUZAUZ has some work to do in order to breakout from the "Strong resistance line" and also get above this Moving averages. If 0.40 break could see another flush back to that .30 IMO.
Weekly rsi was way oversold along with 4 hour and daily.. This may have enticed the strong bounces from .30..
Watching that overhead Res..
PNR Goldies getting some loveH&S made target @ .210. Needs to break out of the daily resistance line. Looking for a small pullback and the potential to form a cup & handle on daily chart. Weekly MACD crossed bullish. Looking for the daily MA to cross and price to break out of upper resistance. Zone's of congestion/interest marked on the chart where lot of shares have changed hand in the past. Worth keeping in mind. Looking for potential handle to form before .185..
Do not want to see .165 break ..
XBT/USD Short term bullishHi, This is my first TA and I have a whole lot to learn but I might aswell give it a go so I can get some (hopefully constructive) feedback. Well I did some fibonachi retracements for the hourly chart to show the support/resistance levels.
I made a descending rectangle to show the bearish trend.
However, if we look at the stoch RSI we see oversold XBT which might instigate a short-term pump for the rest of today and tomorrow.
I am gonna long this till 3750 and try to get some nice profits.
Good luck from your friend and neighboor, MoonMan
$XRP DAILY CHART- the EW does not apply here that much but just ideas of what we could see in the future
- im extremely bullish on XRP for the end of the year as well as upcoming 2019
BTC/USD SHORTERM LONG | COINBASEBulls have held very well these past hours
We closed green in the weekly candle
I see a bear flag in the daily being formed
Set a tight stop loss just in case we do trend down
Volume has been decreasing, indicates a bearish trend
With that being said, I'm longing BTC for the shorterm play
Lets see how this plays out!
Trade safe!
SL: $4048.30
Looking at montlhy btc candles I'm just pointing the obvious: last year, the golden year, the chart had only two red monthly candles, whereas this bearish year we have three green candles. It's 2 in 3 that it's going to drop more... It hurts but I feel like 1k is solid ground. The rest... let's roll another one.
XHV Potential IH&S Breakout***NOT A PROFESSIONAL TRADER, JUST A DUDE WITH AN IDEA***
XHV looks like it could be setting up for a potential IH&S Breakout on multiple timeframes. Breakout with volume would lead to the following short-term targets based on previous resistances and IH&S target from Head to Neckline.
Target 1: 45000
Target 2: 49000
Target 3: 51700
Failure would result in a re-test of the 1HR MA100, MA200 and ascending trendline. Failure to hold support at any of these junctions would result in a re-test of support at the Head of the IH&S followed by strong support at the 25000-26000 zone.
Volume is currently low and would need a big injection to validate any potential neckline breakout.
BTC/USD Daily Chart Ladde To The Top (1 Day chart TA Forecast) At first sight, the market does not seem as unpredictable as we all thought. There is a definite sequence as you can see.
With more careful attention, other interesting facts are also evident.
I think the bullish trend will be slow but glorious :)
I also suppose there will be a slight mirror image, but we will see over time.
Personally, I do not expect any anomalies until December.
Let everyone draw a conclusion and share it with us. :)
I want to congratulate all those who play in the crypto world and to admit they have real courage. And with these actions, we may be jumping into the future. And each of us will be a part of this transition. :)
GBPUSD slide down againHi guys I'm back ^^ so far based on my analysis we could see a good flow of bear trend from 16/10 1600 then, drastic movement off bull on 31th October 0400 till 2nd November 0800 (based on EET) then followed by 2 bear candles (with 4hrs timeframe) and doji, so yah... will see about next week movement :)