Bitcoin correction probably endingBitcoin has been long on the downtrend. As you can see from the chart bottom should be at 7 000$ but we need to break at least 10 000$ to be sure that the downtrend is over. Next 50 days will show if we are going to see new highs on near-term. If we break 7 000$ we have supports at 6 500$ and 6 000$. Daily RSI is also approaching 20 and is on our side.
If we can get 20 likes I will continue to update this regularly
TA
CVC/BTC Binance Listing TA Hi Everyone,
As you've all heared, Civic got listed on Binance today, which created a nice 24% hike after the news about the listing broke out.
Just for you're info, Binance opened trading for CVC/BNB, CVC/BTC and CVC/ETH trading pairs on 28th May at 09:00 AM UTC.
What is Civic CVC/BTC?
Civic is a personal identity verification protocol that leverages distributed ledger technology to better manage digital identities. As with blockchain projects focusing on supply chain management for consumer products, Civic envisions a safer, cheaper, more efficient identity verification method for individuals and industries around the globe.
Imagine how many times you’ve had to go through a Know Your Customer (KYC) verification process. Whenever you apply for a new job, open a bank account, or participate in an I.C.O, you have to submit proof of identity and wait for it to be verified. Depending on the service, this could take days or weeks, as organizations have to spend the time and resources authenticating this information with outdated systems.
Civic is offering a new-age solution to this problem, one where a single input of your personal identity information allows any organization or service to cross-check it on the blockchain without asking you to provide the same data twice–personal identity verification that is transferable from one service to another.
How it Works?
Civic’s network accommodates three different–but interdependent–individuals/entities: users, validators, and service providers. The users are anyone who wishes to use the protocol to register an identity, and Civic makes this easy and safe with its Secure Identity app.
Validators are responsible for verifying an identity’s authenticity on the blockchain’s distributed ledger. They can then sell this information to service providers who need to verify their customer’s identities, exchanging the data for CVC. Civic is built on the Ethereum blockchain and uses smart contracts to oversee data attestation and payout for this work.
Want to learn more about this amazing project ? Check out the link coincentral.com
Technical Analysis Time !
As you can see a huge spike towards the 6k satoshi was created by the listing (on Binance), and as a trader I always try to catch the bottom of the correction which usually happens after a coin get's listed.
The best thing to do is to wait and be patient.
I opened my Charts and checked out the 5min frame of CVC/BTC and after waiting a bit you finally start to see the RSI level taking shape. I followed that RSI signal until it hits the oversold point (usually starts when it hits under 30).
When that occured, a bought my self a nice bag of CVC/BTC at 4400sats. In other words, Jackpot.
The buy vol started to kick we mooned.
Please use this TA as a start for you to see where the resistances are located, so i might help you making some nice gains !
As you can see the Stoch RSI just crossed upwards, which means we are going to see another room very soon.
MACD is still not showing any good signal, just because the listing happened today. Tomorrow we will be able to see more in this 15min chart.
I hope this can help you, as it helped me making a nice profit today on this listing.
Keep in mind that this coin is an amazing investment, its being listed on the last large exchange, they are already listed on so many good exchanges that have lots of volume, this coin will only grow more.
Thank you for reading this !
Donc forget to hit the like button if you learned/enjoy !
Raw_Blits out.
Long Term View of BTC I am bullish here with BTC in the low 7k range. Volume has dried up to almost nothing, indicating a big move is coming. Daily RSI is approaching oversold. Beginning to see bullish divergence in the 4H RSI.
Looking at where BTC has come from and where it is now, the run to 20k pales in comparison to the previous tops at $260 and $1,160.
For people expecting BTC to drop below 4k, keep in mind that it would need to break a trend line that has held for 2,365 days.. and counting.
Just tracking my ideas on BTC/USDThis is my overall idea for Elliot's wave theory in regards to our current position on BTC to-date. This is my first time publishing and do not consider myself an expert in the theory (or crypto for that matter) nor do I consider this the correct method used to analyse with Elliot's wave. I use the theory simply as a guide based on previous movements to point me in directions I think Ellits wave will predict BTC is headed and then use other indicators to extrapolate/predict where I think the price will reach - with no accuracy intended.
Take my TA with a grain of salt, as always, this is not financial advise in any shape or form, always do your own research and never take advice from someone who is not an expert. This is just a hobby for me and any feedback would be appreciated!
BCN - Bull Pennant / Strong FA - BUY SIGNAL Bull pennant formed, breakout pending. Resting on strong historic support. Strong fundamentals - roadmap update, hard fork and testnet all due before the 10th of July.
BCN
BUY: 100-110
SELL:
118
130
148
200
Stop loss:
190
Here is a look at the historic support -
LTC Price MovementI’m just playing around with different scenarios! Market is what it is and it’s the weekend, so I’m setting up buying opps. Unless we really tank to 2018 lows, this will be my last big buy. I’ll sit back and watch what happens. Of course I’ll chip away here and there, but I will not be focused on day to day price movement!
CADJPY | Possible entry for SHORT @ 86.00SHORT setup for the Canadian and Yen pair. Economic reports suggest that the Yen may gain strength over the Canadian Dollar later today. If so, this will support the TA suggesting a ranging pair moving downwards.
Wait for a good entry point! Confirm that price is not breaking out of the channel. Best entry would be to call a fakeout early.
BTC/USD Technical analysis May 18th A lot of people are watching the bitcoin chart right now. Its also very "nice" to look at with very nice technicals .
Here are my reasons for me to watch it :
- 3 impulsive waves
-Valid Trendline ( 3 touches )
- Nearing 7.8k support
Important to know : Right now we have no bullish entries the key area to watch is 7.8k.
We have to see what happens there.
For now thats all if anything new happens ill keep you updated if you want more just watch the video ! :)
LOOM/BTC TriangleLOOM/BTC is looking triggered af.
It's entire existence on Binance has resulted in a symmetrical triangle.
A break at the apex with an entry at 62 sats with a 20% price target would be ideal.
Storm Brewing Before a Bullish Catalyst Consensus 2018. A catalyst filled with rumors, hype, news, and demand. Sideliners fill finally pull the trigger, word will spread, there is no stopping the cryptocurrency train. We actually had tons of strong news about Crypto and Bitcoin lately that is bullish.
I will be looking for price action buy signals near my blue horizontals. Will ride the trend up to my orange lines and see if we can break that 10k barrier.
Trade will be nullified if we break the lower 7000s and ruin the bullish bias from April.
Hang tight and lets see where this year will take us.
BLZ/BTC Strong Uptrend and BUY opportunity!Always look BUY opportunity when You have uptrend and always look sell opportunity when You are in a downtrend (more to forex then crypto but still..)
At the moment fundamentally strong coin BLZ/BTC shows us good BUY opportunity:
1. Strong channel upwards
2. Resistance becomes a support
3. Supported with 100EMA
4. Possible W formation (double bottom) chart pattern on a trendline
Good Luck!
AION forecast and TAAION fell to 0.786 level of fibo. it's very young coin, so it's not clear how Elliot's waves work for it.
but it bounced from RSI support, that's pretty good.
AION team will speak at Consensus 2018 and present some projects of theirs.
Also, listings are possibly coming soon.
resistance levels are marked due to previous movements and fibo
NEO USD looking goodNEO currently is at 73 USD, I think there is enough space to profit till 82 USD.
First of all , NEO looking very bullish much like all market atm,but I don't trust too much so ill adjust my stoploss as I go and would lock profits at around 82 which is where the price ill hit the downtrend line. This hit could lead to a drop of the price and that is why im securing my profits at 82.
NEO has still a lot of room to go and breaking that trend line would lead to a massive bullish market, so I advise you to keep close eyes on the market.
Also watching our fib retraimento we can see that price formed a resistance at the bottom of the 0.786 fib this means we can potentially bounce up to atleast 0.618 .
EURUSD_Will the trend continue?_Good trades ahead. U.S. Dollar is moving up after finding new strength in Americas political scene. This pushes all XXX/USD pairs down. Our indicators have been firing shorts on EURUSD for the past two weeks. A major level was breached at 1.21500 and price literally hasn't looked back.
This is one of the strongest trends forex markets have seen in awhile. Be prepared for continued USD strength and thus short EURUSD and long USD/XXX pairs such as our favorite USDJPY. The thing is we don't just jump in to pullbacks because our level has been met. We wait for rejection and verification or major sell signals such as pin bars, shooting stars and engulfing candles.
The hourly shows a decent trade outline that I plan on trading if conditions are met. Entries and exits will be posted...
Disclaimer - If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
BTC SHORT - BEARISH DAILY MACD CROSSBitcoins daily MACD has just crossed bearish. I've observed bearish divergence in the RSI on several time frames for the last week. I'm calling short here. 10k proved to be formidable resistance. It seems that all bullish momentum has been lost for now and the bears are beginning to take control.
XLM short term tradeBullish divergence on the hourly chart MACD and RSI.
Support from trend line at 4200 Sats
Entry 4200-4400
Stop-Loss below 4000
Short term profit targets
T1: 4900
T2: 5200
Long-Term Cup and handle pattern. However, I see a bearish divergence on the MACD and RSI so be careful in the long term.
This is my trade follow at your own risk!