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ETH is currently lost within it's bullish patterns (For now).Right now ETH looks like it's currently within the parameters of a falling wedge it's also broken down through many of the major support levels that is has created during the start of the bull-trend and has so far been treating the old support as resistance. The breaks of support had resulted in an over all dip of around 60% from 2019's all time highs but since then ETH has been in a short term up-trend and has been approaching the top of the wedge and can very well break out to the upside from here. But lets dig further into another possibility that can provide a much lower risk entry: I have 2 big reason here why i expect a reversal to the downside. 1. While the falling wedge is a bullish pattern we are still at the top of it and right underneath both diagonal and horizontal resistance it's high risk to enter right now therefore the only valid way to enter at these high lvls would be for a break of the resistance, but the resistance here is very strong and likelihood of breaking it is low right now but still worth looking out for. 2. Our short term up trend going into this resistance zone has been pretty nice price wise but if you check the MACD you will notice that we have been bearishly diverging on the 4HR chart upon every higher high we've made in this short-term uptrend signaling that the trend has not been very strong and that we might be in for a reversal soon.. With all that said I have laid out a chart that might show some areas of value where we may have a better chance at buying then holding for the long run. The purple zones are our S/R lvls that have yet turned to resistance The Fibonacci levels are a retrace from our Lows back in December to or Highs this year. And finally the harmonic over the price action in the middle of the wedge is a potential bullish shark where price might reverse. if the shark is valid price can reverse around the 149-144 dollar area marked in blue but lets say it doesn't reverse there. I believe that ETH has a major zone of support clusters between the 130-122 area in which it may be a good idea to DCA into a position at these levels. As far as an overall stop loss is concerned I'd say a convincing break down below the wedge would be a sufficient stop. The wedge is already quite matured and at this point we are far enough in that we could reverse at either of this support lvls which is why i suggest the DCA approach this time around and break below this wedge would take us to the 886 retracement which is confluent with a really strong support if we break the wedge and hit these levels i'd expect a violent rise back above the wedge . So as you can see thing look overall bullish for ETH but at the same time immediate price action is still uncertain but the charts are still providing us with enough information to make plans for both the Mid-term and Longer term price action.. I hope this helped some people out; good luck traders :p
COINBASE:ETHUSD
by RizeSenpai
BTC Flippening: Roadmap for 8K, 12K, and beyond.This sort of sums up all the targets being called out from on high, but in a way that combines fractal flipping, chart patterns, and waves. We were all expecting something big on September 11, but nothing happened. Or maybe BTC flipped again. The flip traces sort of a mirror image of previous prices. Looking at a chart patterns site, it was intuitive to visualize how well the broadening bottom pattern would fit the BTC flip hypothesis. It would form a symmetrical fractal ending on December 24, repainting previous big moves in crypto. The points are not random. They fall on the Friday of each week. Why Friday? Because that's payday, when the weekend starts. Friday is the day stock options expire worthless for 90% of retail traders. It's a day when institutions have taken that money and moved markets many times before. It seemed necessary to predict prices going low enough to take out stops, and then bouncing up for a bull trap before committing to larger down moves. Expect the unexpected in the short term. And then zoom out to see how it all fits. Institutions and CFDs seem to enjoy painting obvious daily patterns like these on charts for their trading educators to stand on. They entice undisciplined speculators to open margin accounts for 100x wreckage on small moves. The tops and bottoms coincide with support and resistance levels extrapolated from previous price action and are not set in stone. But it would be interesting to see how many are hit. And there is still plenty of room for doombear barts in the holiday aftermath with their jaunty 1-2K predictions.
COINBASE:BTCUSD
by Hellork
1
XAGUSD: Reactionary Bearish Wave Could Turn Into ZIG-ZAGI turned bearish on XAGUSD since prices broke above the psychological multiyear triangle (15.56 intersection). With Primary 3 well out the way and Intermediate A seem completed we are now looking at our options with respect to the deepness of the current reactionary structure. Since we are moving within motive intermediate B, hence looking for a potential turn-around level, it may worth putting a tag at the Golden Ratio at 18.9514. That level is not only in confluence with the minute open triangle correction pattern but gives us a structurally correct target for minor and intermediate waves C, and cycle wave 4. In the scenario prices stop and reverse down we could have a zig-zag pattern. The break of 17.79 could take minor A down at 17.07 and minor C at 15.91. The zig-zag pattern would require minor B to stop and continue lower below the 17.79 level. Note the FE levels above are in confluence with intermediate 4 low and minor 4 low! Should bears take over once again intermediate C will be on its way nevertheless! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
OANDA:XAGUSDShort
by Orbex
1
MLNT Target Hit - Can It Carry On IN The trend?Melinta Therapeutics, Inc. operates as a commercial-stage pharmaceutical company which engages in developing and commercializing anti-infective s for the hospital and selected non-hospital or communities. It markets antibiotics including Baxdela, Vabomere, Orbactiv, and Minocin for injections. These antibiotics are used in the treatment of infections caused by various bacterial diseases. The company was founded by William L. Jorgensen, Peter Moore, and Thomas A. Steitz in October 2000 is headquartered in Morristown, NJ. SHORT INTEREST 1.05M 08/30/19 P/E Current -0.18 P/E Ratio (with extraordinary items) -0.27 Average Recommendation: HOLD Average Target Price: 12.00
MLong
by DEXWireNews
Bitcoin future price time pivots with Fibonacci CirclesNot financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade! Fibonacci circles placed from December 2017 high to December 2018 low lines up with some key dates in bitcoins future. 1.618 circle calls the March 2019 breakout. 2.618 is in line with a theory used by @tone vays using a Martin Armstrong price prediction through time analysis. See tonevays.com & Tone vays daily YouTube vids. 4.236 Fibonacci circle lines up with the 2020 bitcoin halvening. “mental masturbation” horoscope/astronomy/when full moon-esque TA but the coincidences with key dates is not to be discredited. If you are newb, like myself, I recommend Tone vays, and his interviews with traders; nick core, Willy woo, djthistle, sawcruhteez and, of course, OG Tyler Jenks. This was stumbled upon after an interview with venzen (second link, if you are interested in this kind of technical analysis) tonevays.com youtu.be youtu.be If you liked, leave a like.
BNC:BLXLong
by Thinkorsink
3
#bitcoin - *Update* We need a green Thursday!Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly Pivot has not even made Bitcoin rest a little, which is the reason the yellow box has been hit pre-maturely and caused a little bit lower values as expected yesterday. Please also watch the H1-H4 interval in order to keep an eye on bullish reversals here. For some people, this might look like a good entry, but it is very much needed to wait for those signs in order to be able to justify the risk-management, which currently could sit just below $10k as a stop. Targets all remain the same. __________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
4H 50 EMA broken - Time to sell old bags to buy new bags!!!Hat 's going on my people? How is everyone holding up? Disclaimer, I am macro bullish on BTC, yet price action takes precedent over whatever I feel. I think that the test of 200 EMA & SMA on 4H is an incredibly bullish sign and also offers us an opportunity to exchange our old bags for new bags. This move has been a long time coming and I think that we will see the continuation and culmination of it within upcoming says. Downwards price pressure accelerates ever so slightly and this is visible on Volume Impact oscillator and on momentum oscillator as well. Thinks to keep in mind: - 50 EMA on 4H has been breached and this opens up the possibility to revisit 200 EMA -SMA stationed at 10600-10700 levels. The chance of reaching this area is roughly 85 % so be ready. - There is a chance that we might continue below. If we overshoot our price targets and manage to close 4H under 10400 this will open up whole other can of worms and mandate continuation to 10.1-10.2 price levels in the upcoming week. Have to be honest though, I don't think that this is a reasonable scenario and holds significant merit until we close 4h dildo under 10.4. To summarize: General Trend: Upwards, sentiment bullish. Testing 200 EMA SMA after the golden cross is incredibly bullish and most likely will result in a swift reversal upwards and acceleration of the price action. I don't think that reaching 10.6-10.7 levels breaks the market structure, in fact, it reinforces the previously established rule. The fact that this move does not fit in your carefully drawn descending wedge, triangle or pendant means that you should probably not give too much of a significance to whatever you draw. (This applies to you too Mr Fib Circles of death and capitulation- thank you for your hard work and beautiful artwork). Stay safe my people. have a successful as well as lucrative trading week and stay awesome! Cheers Archie
BITFINEX:BTCUSDShort
by akublashvili
#bitcoin - Bullish "Symmetrical Triangle" on 240Good morning guys, Bitcoin is still forming the symmetric triangle on H4, which naturally has better odds to break upwards, than downwards. The targets of this symmetric triangle are similar to the max-targets of the older bullish Adam & Eve to the top and if we break this down (possibly after a false break-out) our main target would be around $10750. You would be able to see false & valid break-outs in either direction when the red marked levels on top and below the symmetric triangles are broken or declined. Generally, this is a bullish setup, saying that Bitcoin is very famous for its surprises, thinking about possible stop-runs after break-out. __________________________________________ Warm redards, Neru
BITSTAMP:BTCUSD
by Gl4diator
11
#bitcoin - Bears be careful ...I am not convinced that we go down from here. I know many are calling the $8k again, but I would really be careful with shorting into this. This construct that we see here, looks at the moment more like a temporary retrace to satisfy profits and short scalpers, this does not look like a typical local high. The old A&E max-neckline was accepted as support and we have a new breakout-level, we are just now trying to get back over the R1-W Pivot, also sitting on a developing hidden bullish divergence. Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot. _______________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
#bitcoin - Now hitting last "H6-Diagonal" (A&E)After every single diagonal trendline resistance has been broken with no effort thanks to the Adam & Eve bullishness, the price just hits the last trendline resistance, that could end the A&E play-offs pre-mature, although Bitcoin looks very strong and I don´t really see why we should end this before max-targets. None of us knows currently, where the shorters will start to hop in and where the most targets are sitting. If you followed the development of the order books recently, you have noticed, that many resistances had sell-walls in play, that have been either eaten away like a pepper-steak for breakfast or moved higher (which is typical for a STRONG short-term-trend). Current resistances are R2-W and the last Diagonal. Next ones coming up would be the R1-M and just after that the feared former high + the R1-Y in the area around $13k. I have labeled for you as usual. Trade safely, set stops. ____________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
2
EOS/BTC going exactly like planned EOS/BTC went exactly like planned in the last post on EOS/BTC. Resistance has never broken, therefore the bullish targets were never activated and we dumped to each important area mentioned in the previous post. Right now we are about to hit my original long entry level. If that holds, expect a big move up, however stopp losses can be adjusted (higher risk) to the second green square below or you can add long positions there. FREE Telegram Chat: t.me/dccryptoacademyfreechat
Long
by DCCryptoacademy
3
TRX/BTC, big long or short opportunity TRX/BTC is currently sitting in a very important zone. Depending on if 222sat or 240sat break first will decide in which direction we will be moving. Now, how to trade this: If 240 breaks: Go long, targets are lines of the red boxes. If 222 breaks: Go short, targets are the lines of the green boxes. Remember: At those levels a bounce/correction is expected, that's where you can switch your positions. What can you do if you are long/short now? Adjust stopp loss a little above/below those important levels, that should be enough, however, this is no financial advice!
by DCCryptoacademy
BTT is getting more attention and a possible boom!BTT is getting more attention and a possible boom! I have been following the BTT price movement for almost 6 months, here is part of my analysis in favor of a bullish move for BitTorrent. As you can see BTT was independent of bitcoin moves and just recently shows a significant correlation (shaded area). This could mean that BTT is getting more attention from the traders in the crypto market and starting to sync its price moves with bitcoin. But this sync happened recently and because of its independent moves in the past, it seems that it might finish its correction before bitcoin. BTT entered its corrective waves on May 27 while BTC did start its correction a month later on June 26. BTT has met its fib levels for the correction and it seems that it also completed a 5-3-5 zigzag correction pattern. On the other hand, bitcoin first wave had 3 sub-waves and this pushes bitcoin to complete a flat correction or a double three. the second wave in the bitcoin correction had 0.78 retracements which do not qualify the correction to be a flat correction. Wave B in flats usually retraces more than 90% and even more than 100%. Given that bitcoin failed to retest its last high at ~14000 suggests that bitcoin continued its correction as a double three and signaled a more bearish correction. The last 5-wave move downward in bitcoin could be a wave A of an ABC. Looking at daily RSI for both coins indicates a bearish RSI divergence for bitcoin and a neutral or even slightly bullish RSI divergence for BTT. Just recently BTT formed a bullish RSI divergence in 30 min time frame while bitcoin failed to form a bullish divergence. Both coins are facing supports and resistants from moving averages right now. Given all the information, it seems that BTT will start a bullish rally while bitcoin completes its downward corrective move toward 0.5 or 0.618 retracement levels and end its correction around 7000 - 8500. What would this mean for BTTBTC? BTTBTC will moon as a result and looking at the BTTBTC chart it shows that it just tested its 9 sat for the 3rd time and it held the support. BTTBTC did go to 8 sat which as a result a bullish RSI divergence was formed on the daily time frame. BTTBTC being around 9-10 sat its bullish moves will put it in the top of the green altcoin list and it might even attract more attention. This analysis is focused on a bullish scenario and I would enjoy receiving counter-arguments from you guys.
B
by UnknownUnicorn1586748
1
XBTUSD 4H chart (7/23/2019)Good morning, traders. Yesterday I warned about initiating a position at the EQ of the local TR as it was unclear whether price was headed up or down. Price ended up heading down as we can see. I mentioned that, if price dropped, I would be looking for it to bounce out of the blue demand zone or, if strong volume came in with the supply, then I would be watching for a bounce at the S1 pivot. So far, price is in the blue demand zone, so we should be watching to see if it bounces from this area since volume, so far, hasn't been significant at all. The previous 4H candle again shows you why dojis are merely pauses and not necessarily reversals. Dojis during a trend require the next candle to confirm continuation or reversal. Traders should be watching this candle for a large lower wick which would be bullish and would also print tweezer bottoms suggesting a reversal incoming. Currently, price has almost touched the 61.8% retracement of the most recent bounce. A touch of the S1 pivot would have price just beyond the 78.6% retracement. I have outlined a possible descending red wedge, however until price actually bounces off the wedge support and targets wedge resistance, it could still fall below it. RSI has almost reached oversold again but Stoch RSI is oversold and nearing bottoming out. The 4H volume has not been significant though it did rise through yesterday morning. Today we see the volume spikes near that same level but the candle spreads are much smaller which tells us demand is showing up at these lower levels. The question is, will there be enough to reverse price direction from this point? The 1H RSI is printing bullish divergence at this time but we need to see price continuing higher to confirm it. The RSI resistance has been noted on the different TFs and should be watched. 1H volume has increased noticeably over the previous period but the candle spread remains small, again telling us that demand is attempting to overcome supply. Stoch RSI is nearing a possible bearish cross. The M30 RSI is printed bullish divergence and is currently attempting to confirm it as it nears a break of its resistance. While Stoch RSI is much higher on this shorter TF, it is curling up for a possible bullish cross. My targets remain the green and orange boxes for now. With a clear ABC completion on the daily, we must now follow price action to see if that is the end of the correction or if we have a combo which will ultimately see price heading toward the mid-$8000s. However, we should generally expect price to target that ~$12000 level before doing so. The 3D chart shows multiple hidden bullish divergence following each other and RSI is retesting resistance as support. Stoch RSI on this large TF bounced in overbought and recently crossed bullishly. Price remains supported by the pivot. I will be streaming on YouTube and Twitch at 10 a.m. CST/3 p.m. UTC and would love for you to join me if you have the chance. You can search TexasWestCapital on both platforms. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
BITMEX:BTCUSD.P
by Chris_Inks
1