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BTC final correction target ~3657$ , opinions are welcome! I tried to break this whole correction down. In my final wave 5, subwave 3 would not be the shortest if subwave 5 hits target 1 and not 2, if wave 1 is longer than 3. If 3 is longer than 1 which I find hard to say with certainty, target ~3600 looks possible to me. Many TA say we are going to 9k very soon, this would disprove my count but i'm pretty sure we won't pass 8700 until we go down again. These are just my thoughts, i'm still learning and would love to hear criticism (either + or -)
BITFINEX:BTCUSD
by kingjardan
LTC: FUTURE IS UNCERTAIN, BUT CERTAINTIES ARE AROUND THE CORNER!Hi guys! welcome back for this new analysis on LTC ! At least for the moment, we leave aside the Litepay question (I talked about it extensively in my previous analyzes on LTC) which has largely influenced prices in the past few days. For the moment it seems that its effects on the market have stabilized, but without forgetting that it could again influence prices in the coming days. Due to the lateralization of yesterday that has continued for today, I had to expand the head of my RED H & S again, until it coincides with the right shoulder of the main H & S in GREEN, even if now, with the current situation of the markets could not even complete as expected. The line of EMA 50 that we have identified as support continues slowly to rise pushing more and more the price towards the resistance of 0.5 Fib, which has already been tested without success and this crushing will lead in the short term to the break of one of the two lines . Obviously we hope that it breaks up, to see the completion of the head of the RED pattern and the shoulder of the GREEN one, that would provide, positive signals and confirm an imminent change of trend. In case the break occurs downwards it will be a yellow flag and we would certainly go to test the EMA200, which is a good support, but a break of it, will be a big red flag and would result in a further fall in prices, at least until the Fib retracement 0.786. Unfortunately to a failure of the two H & S that we have followed so far we will be forced to abandon them and to review the forecasts for the near future. The trading volumes at this time have fallen, that is typical in a phases of lateralization of the markets, but in order to confirm the breakdown of one of the two EMAs, we will need to see volumes much higher than now and they should be quite above average, so until then we can consider the lateralization still in progress. the MACD indicator, right now, fits almost perfectly with its signal line and continues to move not much above 0. This confirms for the moment a stalemate but the change in trend of short-term prices could come suddenly. concluding, we will certainly see something significant happening in the coming days and it will be, in my opinion, very close to what happens at BTC, which we do not forget yet, has a very strong influence on the other crypto. BTC at this moment is fighting to break the top of the downtrend channel, the which still seems to offer much resistance. I recommend again to be very careful in these phases so uncertain, because you could be forced to face heavy losses and I also recommend to put the stop loss not very far from the entry price, possibly just below the already established supports. Let's see what happens tomorrow. We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes! PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing. DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading. So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
KRAKEN:LTCUSD
by TheStarMan
LTC THIRD UPDATE !!! THE DAY HAS COME !!welcome guys! it's time for a new update on LTC! Let's see what the situation is like. A few hours ago it was officially announced by the Litepay staff that the service will be launched tonight at 9:00 pm (PST time), but unfortunately it was also announced that the Litepay credit card service has been postponed and we don't know when it will be activate. The official motivation given by the company is: "due to recent hostile actions by the issuing card to cryptographic companies." This declaration has apparently slowed the rise in prices and generated a reduction in trading volumes. In my opinion, this news, came a few hours before the expected launch has disappointed and frightened many investors who have pulled back for fear of a fall in the price of LTC. In fact the main function of the service will be regularly released (the details can be found on their site). Now let's move on to the chart, In recent days, LTC prices rose gradually from 198$ of 24/02 to 230$ of today, accompanied by above-average trading volumes and a gradual increase in volatility. Looking at the chart we can see that in the last 5 sessions prices have slightly exceeded the Fib 0.5 retracement line, only to redeem. This suggests that the Fib 0.5 is working as a resistance, and also seen the decline in volumes, will not be easy to break it, but I am confident that sooner or later it will yield to the advances of the buyers. Another comforting fact is the MACD, because looking at it we can see that it have cross is signal line, and both cilbed in the upper side. while I'm writing it seems that, slowly, we are going to test that resistance again, but we need more pressure to break, and go up to 240/250 $, where I think there will be a new resistance to overcome. For the next few hours the situation is still uncertain, but I am confident that at the launch of Litepay, something positive will happen, otherwise we still have our EM50 that should do a good job as support and under still the EMA200 that coincides, at this time, with the Fib 0.618, that give me enough security. I do not think that there may be a sudden fall in prices, and if, there will be enough gradually to be able to run for cover and limit losses for those who are currently in long position. I would like to say that in this analysis I dedicate a lot of space to the Litepay topic, because I am convinced that a good technical analysis must be accompanied by a good analysis of the main events and news, which directly or indirectly, concern the product being analyzed , because the human psychological component weighs heavily on market trends and must always be taken into account. If everyone thinks that something good is going to happen they will make it happen. We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes! PS: All I wrote about Litepay news are not rumors, but they are news from official and easily verifiable sources. PPS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing. DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading. So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
KRAKEN:LTCUSD
by TheStarMan
LTC SECOND UPDATE !!! WE ARE ON THE RIGHT WAY !!!!Hi guys ! welcome back for this new update !!! As you can see, I had to change the width of the RED H & S head a little but it seems that the prices still follow the pattern I drew a few days ago. Now we have risen above the line of EMA50 that was pierced, as I supposed, without too much difficulty, despite the volumes of exchange at this time are not very high. I am confident that now the EMA50 has become a good support, not very strong, but should hold quite well. Tomorrow, Monday, February 26, unless changes, the litepay service should be released and I think the ascent of these last hours, is also due to the ferment generated by this event. I expect a good increase in prices in a short time, probably up to close the head of the H & S pattern. In the last sessions you can see that the prices have risen quite gradually and usually indicates a good stability of the price targets reached, but in the next sessions of exchange we could see an increase in volatility of prices due to the release of litepay, so we must be very careful to trade. In conclusion, let's see what happens tomorrow and how the markets will react, hoping that the bullish signals observed lately will soon be realized with a powerful trend inversion. We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes! PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing. DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading. So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
KRAKEN:LTCUSD
by TheStarMan
3
Status (SNT) : Day Chart : ~650% Potential ProfitI'm a fan of SNT.. Watched it go from $0.15 to $0.5 in a matter of days.. Very impressive price movement.. Expecting around ~650% growth before it reaches the target line.. Might be some time before it does anything significant once that happens.. Might be that it has other plans.. Who really knows? --- Time requirement for targets to be met are undefined and difficult to project in advance.. Reasons may vary, but mainly (imo) it depends on whether BTC is bullish or not.. This is not investment advice, merely my personal opinion and therefore fallible.. Trade safely.. I don't accept responsibility for any losses incurred, but will however attempt to guide you out of a bad trade, should that come to pass as a result of my posts..
Long
by Lezz
SiA (SC) : 4H Chart : ~700% Potential ProfitSiACoin's been practicing a slow & steady approach for most of it's time on Bittrex.. With the exception of its breakout.. It was unstoppable.. Let's hope that performance is repeated very soon.. ~700% Potential Profit.. As always, I cannot say how it will get there until it starts, but I'm pretty certain it will get there.. Charts are indicative of potential, not concrete 1st targets.. The target line MUST be reached before it can reverse it's trend or significantly move sideways.. Time requirement for targets to be met are undefined and difficult to project in advance.. Reasons may vary, but mainly (imo) it depends on whether BTC is bullish or not.. This is not investment advice, merely my personal opinion and therefore fallible.. Trade safely.. I don't accept responsibility for any losses incurred, but will however attempt to guide you out of a bad trade, should that come to pass as a result of my posts..
Long
by Lezz
1
LTC UPDATE!!! IT SEEMS TO FIT!!!!Hi guys! Welcome to this update! Yesterday i draw the small red H&S on the chart and looking around at others trader ideas, i saw that some of them had found a main Inverted H&S pattern. I draw it on my chart and i noticed some good things that fit with my idea. As you can see the right shoulder of the GREEN H&S seems to be approximately of the same dimension and timing of the head of the RED H&S. The correction that usually occurs after a breakout of an H&S, in this case of the GREEN H&S, can also fit with the formation of the right shoulder of my RED H&S pattern. Maybe there will something to correct in the next days but i think that the EMA200 has worked good like support and if the market will try to test it again it can hold. Now is important to wait and have a look at the EMA50 that has worked like resistance but it seems easy to break, and if it occurs probably we will see the completion of the head of the RED H&S and of the right shoulder of GREEN H&S. keep your eyes on what will happen!! things seem to be fine. We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes! PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing. DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading. So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
KRAKEN:LTCUSD
by TheStarMan
BTC IS RISING !!! BUT WHEN? and HOW TO MAXIMIZE PROFITS?Hi guys! In the last days, some other bullish signal appeared on the BTC Chart's and we all hope that the bear market is near to leave. The real questions now are ! when we turn bullish ? and when we must buy to catch the best price? let's talk about ! we can see that in te last 2 days a smaller H&S pattern (in RED) has been formed, whit a right shoulder smaller than we expect, this means that the market is developing quickly and is begin to accelerate towards an inversion. However to confirm the breakout, we need to wait the formation of the right shoulder of the Inverse H&S pattern (in GREEN). In my opinion we will see that right shoulder forming quickly enough ( in the next 3 days), i draw the inverted H&S keeping proportion of the developing time between the two shoulder, but in this kind of market, how we saw in recent past, the rules have been broken several times and symmetry is like an unicorn. So, i think that while I'm writing, prices have already turned up, and reached the two EMA (50-200) that can works like resistances and cause a stop of the ascent, whit a pull back on the support below or lower till the target of the red H&S. At the moment i think that the support can hold quitly good due the smoll volume, but if the price fall below, we may expect a retracement to the red H&S target. Concluding, the rise is coming, but the real truth is that nobody can say for sure when it will happen. I think that the inversion will be confirmed only after the break whit high volume of the 13000$ resistance (0.5 FIB retracement) but if you want to maximize your profits you can try to buy (AT YOUR OWN RISK !!!) at 11000 (where the blue and yellow trendline are crossing) and set a stop loss not so far away to minimize the risk of a free fall. we'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes! PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing. DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading. So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
BITFINEX:BTCUSD
by TheStarMan
Beautiful Ethereum Butterfly! (ETHUSDT)Hello amazing traders! I wanted to briefly show the bullish butterfly pattern on the daily chart. It also shows up well on the 4 hour chart, but the daily is best to visualize everything. A bullish butterfly is not just a random drawing some guy came up with decades ago. It's an important chart pattern which relies on a confluence of fib lines coming together. To put it simply, think of MULTIPLE supports and resistances coming together into a few important points. The pattern is not valid and should not be traded until point "D", also known as the "PRZ" or potential reversal zone. Since we can see price action his point "D", we can now set up targets. Target 1 is the 0.382 fib line of the AD Retracement. Target 2 is the 0.618 of the AD Retracement. Now we can see that Target 1 has been reached... but the action might not be over yet! What a lot of traders who are confident in these patterns like to do is once Target 1 is reached, they will set their stop-loss just below target 1(so ~850s in this case), and aim for Target 2. Many times once Target 1 is hit, it will act as a new support for the path up to 2. Let's watch and see! Stay healthy!!! -Doc
Long
by DontWatchDoc
BTC/USD - 25k Long Term Target?? Downtrend line break! Follow up to my video from a day and half ago and price action did play out as expected. We saw a pull back to the 200EMA and bounce back up to rest recent highs of around $11,300ish. The main point of the video is to talk about how I determine targets based on trendline breaks and measuring those moves. Long term... looking like 25K is in play if what i describe plays out. I hope you enjoy the video... give a like and leave a comment. Thanks
COINBASE:BTCUSDLong
by Crypto_Sid
2
ETCBTC pulled back to interesting level, will it bounce here?On the 4H chart we have seen a pullback to new recent lows. The level is 0.00319 (The lower Red Line), and is a pretty good long term level. The level is also the fib retracement from each of the cycle lows being a 50%, 61.8% and 78.6 % retracement from the different cycle lows. I cant show three fibs at once so will leave the overlay for you guys to do. So what will happen here, it seems to be most asked question of the week. The answer of course is we will need to wait and see what the chart tells us. A close below the level and I think we need to be very careful, we have a rampant BTC and that is the big volume coin in the game. If we get a bounce here and a close above 0.00323 we would have a decisive bar, bouncing off strong support and closing above the Horizontal, 3 fib retracements, and the 50 EMA on the 4H chart. If that happens I am definitely keen to get in. I would buy when price goes above the high of the bar. Stop loss below the bar. Entry above the first bar to close above 0.00323 Stop Loss 0.00313 Target 1: 0.00336 Target 2 0.00360 To make Dollars your decisions need to make Senses: Any rise in ETCBTC could be a due pullback in BTC. Is so we need to watch that pullback carefully and amend profit taking accordingly Follow us for an exciting trade idea later today.
by DollarsAndSense
9
Bitcoin headed to $12,600 by next gov't shutdown date ..and then Well, in a rare instance of predictability, Bitcoin has plotted the expected course precisely (see related post). I am expecting us to still cross our 200MA (current resistance) on the 4hr and hit our heads on that ever looming $12,600 QUAD resistance overhead. Whether we make it over that or not is still TBD. At the very least, traders would be advised to take some profit here. We'll likely drop back down to the $10,000 area before the bulls can muster enough strength to take another stab at it. One more item worth mentioning. The time in which we hit our overhead quad resistance coincides nearly exactly with the next expected U.S. gov't shutdown deadline date. File this one under "Things that make you go Hmmmmm". Happy Trading Friends!
BITSTAMP:BTCUSDLong
by stewdamus
2
Holding BCC Losing Money? You can profit from it falling $$$We may be able to catch BCCBTC in the middle of a correction. Good to short, if your holding BCC this is the time to profit from the bearish market. Overall BCCBTC is in a range between .0640 and .2262, the range provides plenty of safety for us for now. You will note on the chart its currently in a bearish (downward) channel which is overlaid in light blue, you can profit from this. You will also note that every move up finished by a Large decisive Bullish bar (The bar closes near the top, circled in yellow), the market then slowly retraces the whole length of the bar or more. We have such a bar on 8th of February and a retracement that is underway but not complete. We would sell this now at live price around 0.1435, with an initial re-buy target of .1240, and for those brave enough leave about a quarter of the trade for the bottom of the range at 0.06500. for your re-buy. If we see an unexpected turn upward to .166 this will be your stop loss close position. Remember if you want to make Dollars your decisions have to make sense. Please note: Buy and hold positions create a clear bias in the opinions of traders, we have seen the effects and continue to see the effects of to many people holding coins and then trying to talk up a falling coin. What I intend to do is trade it, make money from it and share my thoughts with you. Follow to make more Dollars from trades that make Sense
B
by DollarsAndSense
4
PICKING UP STEEM! $17+ TARGET SOON! $35 THIS YEAR! A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E), hit our touchpoint and then break up. That leaves us with 30% of the time that we don't. Point being, we are close to a breakout of our triangle here. Now, because of the extended nature of this particular correction (RED TRIANGLE), I have cloned our purple fractal and multiplied it by two (2), an estimated length of the triangle. I have built the fractals on top of each other from an assumed touch point of (E) to reach our first shorter term target of $17, a 400%+ profit margin from our current price. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $35 by year end (and I think this $35 target would only be the end of wave #3 - meaning we could go higher). This would constitute a nearly %800+ profit. If you want to place your bets on an alt coin that will be around for a while AS WELL AS one that will net huge gains, I do believe STEEM is the coin to be in. Veering away from technical analysis here, DTUBE (a decentralized video platform built on the STEEM technology) has recently picked up many major YouTuber's and this transition is about to avalanche with the Google Ad issues that we have been seeing in news stories recently. This will only serve to propel STEEM into newer territory and token highs. Brace yourselves, STEEM IS PICKING UP. The STEEM propelled rocket will be launching soon. Happy trading friends.
SLong
by stewdamus
Litecoin nearing significant resistance. Your levels. Little bro Litecoin has done quite well for us as of late. If you are a follower of mine, you have seen my signal posts readying all traders for the entry of our buy zone (see related posts) as well as my updates warning of our exit out. If you bought in the buy zone predefined, congratulations! You've done quite well! Now you may be considering taking a bit of profit. I am hoping to help out with that consideration as well. If you'll observe my chart, you will see that we have currently just barely conquered our .382 fib retracement on the daily. We had also butted our heads up against the bottom black longtrending resistance at around $238-239. This proved too difficult for the bulls to tackle. Baby steps. Now that we've tackled our .382 fib and can use this as a spring board, maybe tomorrow the bulls will find strength to tackle our bottom black trendline which should find itself at around the $240 area. Beyond this, we have our .5 fib retracement at around $258. And above that, a final strong resistance (top uptrending BLACK line) at between $290-300. I do think that our bulls will have the hardest time hurdling this if we get there. Overall, if you bought in my previously outlined BUY ZONE, it may not be a bad time to consider taking some profits if you are a trader. If you are a riskier trader, you can wait till we reach one of our higher levels at $240, $258, or $290-300. Of course, the higher we go, the riskier it becomes to hold it all. So, if you are a trader, it is definitely advised that you take a bit off the top soon. HODL'ers - keep HODLing as they say. Happy trading folks! Keep those profits flowing!
COINBASE:LTCUSDLong
by stewdamus
LTC/USD - Double Bottom Target Hit - Whats Next?So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed. I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't. I hope you enjoyed the video... give me a like and leave a comment.
COINBASE:LTCUSDLong
by Crypto_Sid
2