31.01.2019 LTCH19 - When to shortA lot of liquidity on the upside could potentially create a small run up to the supply zone.
A high volume wick rejecting the EQ would be the ideal shorting opportunity in this case.
TA
31.01.2019 ETHUSD AnalysisBounce of the Daily Supply zone, following BTC. On the Chart it's shown how you would confirm a breakdown inflicted by rejection of the resistance. A signal like this would be a clear "SELL", with a stop resting above the swing high that was created.
Overal Structure: BEARISH
BITCOIN A NEW BIG MOVEMENT?In today's overview we will see the current levels.
Firstly, you should check out the volume, and it's falling down. The price is covered from both sides. And the candle analysis shows us an uncertainty on the market. So....what's next? The market is weak now. And the market maker, can easily give an impulse to both sides. . Triggers - hitting a level. In a shortcut: the nearest liquidity was picked up, next one is on ±3436.
If we will see a big volume - it will be good to consolidate above 3680.
And yeah, if you want to find an answer to your probably the popular question: "Where we will go?". You can't find it. True answer - to the right.
More ideas and useful information you can find on Twitter and Telegram (links in bio).
NZDCAD about to make new lows (TA and FA)According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
$BTC USDT Binance-really interested in opening longs around the 1-1 fib extension and the .786 fib retracement zone
-other than that, there has been weird volatility in the market as of late so im not interested in much else
-Laddering in on entry here is key to minimize the risk and increase upside potential.
Falling Wedge pattern over? Watch out? Idea :P (10%)I think we got a broke falling wedge, which means its probably gonna go up in the next days BUT probably will touch 56.
XRP - 5th wave beginning - targetsXRP just completed a smaller impulse wave on the 15 min chart, leaving the prive above the downward slopping resistance (now support) line.
This could be the start of the 5th wave of XRP we've been waiting for. Price targets 11400-12000 sats for this round.
16,300 sat target looks like a late Spring early summer target. (Bun in the oven)
bitcoin during christmasI think bitcoin is now almost starting the c wave of the 4th wave of the A. We could see something like this play out in the coming days.
Volume again is very very low so it could take some time!
Since my previous idea i had to relabel the subwaves, if this plays out i will show the count on a larger timeframe
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my twitter account: @DaveCrypto83
$ETH 1HR Technical Analysis, BEST PERFORMER ON THE DAY - this coin was the best performer on the day and beat BTC completely which was surprising to me
- showing signs of a consistent uptrend and making higher highs, as well as higher lows
- if we can maintain this market strength and zones for eth, i am bullish with the chart posted and stay by the zones marked
- if we break and start breaking swing highs, im bearish
- be ready for all opportunities so whichever happens you can adjust accordingly.
- it was a great night for me, hope everyone else had a great night and feel free to post questions if you have any, im here to help so we can all succeed together
#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