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LONG BTC / THE FIRST TARGET REACHED AND GO FOR MOREOn the descending line are the prices that were barrier and stop for the BTC to follow its bull run, which perfectly match the Fib levels. And the possible ones that remain or the king is already able to continue his longed up way up? We will see. 1st TARGET REACHED ------------USD 3824.88 (FIBO LEV 0.382) STRONGEST RESISTANCE LEVELS USD 4.000/4.122,81/4.544,11/4.903,29/5.364,16/ATH/6K/6.182.09/6.352,94 Thanks to the followers, likes and messages. Whatever happens that has to happen, but that must be fair and transparent!
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
4
Stop the panic Bitcoin longs!It's days like today I find that I am having to remind people what to overall long term trend looks like. Bitcoin is still bullish as it remains in my BLACK BULL CHANNEL. This BULL CHANNEL is nothing to sneeze at. It has remained intact since early May. You'll remember that it broke below this preceding the last fork. Only when we dipped below the bottom of my channel AND CONFIRMED by opening a new candle below this trendline on the daily did I become bearish. And, until I see these activities/indicators on my chart again, I will remain a bull. Although I was stopped out of my previous trade, I will continue to re-position myself back into the market until the bottom of my BLACK CHANNEL is broken ...if that happens. We will know soon. The CHANNEL BOTTOM is holding thus far and I remain a bull. More updates to come as the China news unfolds and is digested by this market. Until then stay rational my trading partners. The trend is still your friend.
BITSTAMP:BTCUSDLong
by stewdamus
THE FIFTH WAVE HAS ENDED? I DO NOT THINK SO. BTC DESTINY.First I do not believe in my humble opinion that the Elliots waves works on cryptos.They are very complex to locate and synchronize. The margin of error is zero. On the chart we see that after reaching the historical ATH, the price broke the main trend line (TL1) and tried to retest the ATH and found its Stop on the HH1. I formed a new trend line (TL2) joining the critical and relevant points and the price was of HH1 to make a pullback in LL1. It tried again and broke its trend at the same level as HH1. I named them HH2 to identify the pattern. Again made a drop and ended up doing a new pullback in LL2 perfectly on TL2. At this moment he is heading towards the HH3 and there can happen two things (no, it is not the Nike pipe) You can make the recoil without reaching the HH3 or arriving definitively. Here comes the moment of the greatest and last setback of the previous 3 months. Two scenarios: 0.382 FIB USD 3.7 / 3.8K and continue with the bull run to far surpass the 5.2 K 0.618 FIB USD 3.1 / 3.2K + bull run. Sorry but in my previous charts I was erratic, maybe for lack of practice, but I take care of my mistakes and I apologize. Thank you as always to everyone!
BITFINEX:BTCUSDLong
by AndresThomasShirakawa
6
Litecoin. I'm not buying ...yet.If you've followed my post, you'll realize that I've recently stopped out of Litecoin. Currently, my Litecoin deposits are sitting all in CASH. Here's what I'm waiting for. Just like it's big brother Bitcoin, Litecoin has a long upward bull channel (BLACK LINE). Ninety percent of the time we will remain within this bull channel. Currently, that's exactly where we sit. We're at the top of the BULL channel looking to break above it again. However, we have NOT. We have not opened a new candle above the TOP BLACK ASCENDING TL. And until this is done, I personally am skeptical that our bulls are back in control of this thing. If you're a bull looking for a new entry, I'd wait. Confirmation is needed here. We must open above the intersection of trendlines and procede upwards for solid confirmation. If you're a bear looking to short, I'm not sure I'd short here either. The market is making a big decision right now. We'll soon see how it plays out. Good entry for bulls is confirmation (any new candle that opens and closes above our TOP BLACK TL) or wait till we know we've hit our bottom. Currently, these last few candles simply look like a bear flag to me and we could procede lower? If we do procede lower, look closely at all of our supports: 65.96, 64.67, 62.38, 57.75, and 54.97. I personally would love to see us get down to our last all time high of $57.75 as this would indicate a healthy correction and would be beautiful to my eyes technically. However, I am just not sure at this point we'll get there. Today the market will be making these decisions. You'll know by tomorrow. Watch closely. Be careful. And good luck my trading friends.
COINBASE:LTCUSD
by stewdamus
5
I bought Litecoin again. Here's what I see.After an absolutely explosive and insane move from $50 to nearly $100 in only (6) six days, Litecoin put in another (5) five days of consolidation. Initially, I had hoped it would drop to $57.75 or even our $50 support. But now I am not sure this will be the case. Litecoin continues to look bullish. And just like my Bitcoin chart, it appears that Litecoin has broken out and above the long trending bull channel and will look to form a new, steeper ascending channel. Here's what I currently see on my Litecoin chart: - We've broken out of and opened above our (5) five day downward ascending trend - RSI showing hidden bullish divergence again - China news has been fully digested - Good supports of $73.33 and $74.80 will be hard to break below. My forcast: I see us bouncing around between the top of my bull channel (GREEN TL) and the steeper ascending PINK TL before reaching my new target of $98.28 for more consolidation. Should we reach the PINK TL before $98.28 I will sell. My stop outs remain any daily close below the top GREEN TL. I will follow this closely and adjust accordingly. Happy trading!
COINBASE:LTCUSDLong
by stewdamus
4
Litecoin: Short idea. Targets $57.75- $55. Longs reposition hereThose that follow me know that overall I'm long on Litecoin. However, my charts are telling me to sell here. Reasons: - We are at the top of our bull channel - RSI indicates we are highly overbought - Top of Bollinger - LTCBTC chart shows overhead resistance of 50MA on the daily - Everything follows our lead dog Bitcoin, which has nearly reached a long term target of $4800 If you have the ability to short Litecoin using your exchange, this is a great opportunity to do so. If you are a longer term bull (as I am) you might consider selling here and then repositioning in at a better price. Our target for these trades remain our support levels of $57.75 or $55 or anywhere in between. Happy trading all.
COINBASE:LTCUSDShort
by stewdamus
18
OMGUSD OmiseGo Target $15.28. Double your money!!!I want to show you something. I'm not saying this will happen but... Take a look at this chart. It is beautiful. And according to what it is telling me, we have two (possibly three) more days MAX (but probably less) of consolidation for OmiseGo. Once complete, we would break out and above our shorter downward sloping ORANGE trendline. Of course, the possibility remains that we could break down too, BUT remember, the trend is your friend. And there is more reason to believe OMG will go higher including but not limited to: - Bitcoin continuing to lead upwards - Great support at 78.6% ($7.60) - Current trend for OMG - Middle Bollinger rising rapidly for support - etc. Our longer term (maybe not till October) target is $15.28 (161.8% Fib), DOUBLE CURRENT PRICE! At which point you will be yelling, "OMG"! WARNING: This is a high risk trade with risk of big losses. You MUST put in your stops properly. Stop out would be at $7.60. Trade carefully and, as always, happy trading my friends.
BITFINEX:OMGUSDLong
by stewdamus
5
Litecoin - Moving exactly as expected. $75 target. Your levels.In my last post, I posed the idea that we were forming a new larger triangle. I expected that we'd bounce around a bit between our $50 support level and the top of this new triangle before building up enough energy to break through our previous all time high. This we did! And to my surprise this price action occurred even sooner than anticipated! We are now well on our way to that $75 target that I've been calling for for several months now. Congratulations to all those who maintained stamina and faith in Litecoin while it was stagnant and it seemed as though ALL other coins were moving. It was hard. Trust me, I know. But your patience is now rewarded! So Congrats! Your levels now are easy to remember. You've got two supports below you: 1) $57.75 2) $55 Possible strategy idea: You wouldn't be wrong to sell here (currently around $65). I am thinking about selling here, waiting for consolidation, and repositioning when we dip back down to $57.75. However, that is somewhat of a risk as we don't know how high we'll go before the buying resides. There is a good case for this strategy however. Here's my case: Near the top of my bull channel Above top of Bollinger Band RSI overbought That is one long candle! The choice is yours of course. But do let me know how you proceed. Will you play it safe and HODL? Or will you sell and reposition at a better price? I'm curious. Please let me know in the comments below.
COINBASE:LTCUSDLong
by stewdamus
22
ETHUSD Perspective And Levels: 345 Target Near. Stop Break Even.ETHUSD Update: 315 resistance breaks and subdegreee Wave 3 is in play just as I wrote about in my previous report. For those of you who go long in the 280s and 90s, 345 is my first target and 374 is my second target. Clearly a bullish catalyst has sparked the rally, at this point I do not even know what the catalyst is, I can just tell by the vertical nature of this price action. BTC is stagnant which is proving that these markets are competing for order flow and money rotates in and out of them on a selective basis compared to the"follow the leader" relationship I was looking to identify in previous reports. Now it's about managing the trade. 345 is my first target which I will sell half of my position. The 350 resistance is a target I have been talking about for a number of reports and I stick to my plan. The other half of the position I will let ride and look to sell 25% of it at the 374 level which is the upper portion of the resistance zone. And if that target is reached, then I will let my small portion ride until I determine my next target. The upcoming resistance zone is proportional to the .618 of the previous broad bearish swing. At the same time, I am now adjusting my stop to break even so that this trade no longer carries any risk. It is possible to give back profit, but that is not loss, that is profit. So my stop is now adjusted to 295. Also the 306 to 315 area which served as such a tough resistance is now a support level based on inversion. In terms of proportion, a retrace from current levels should not overlap this price area. Something to keep in mind if a minor retrace unfolds from here. As I mentioned in my previous report, Wave 3's are the ones that wow the market. And they are never the shortest wave in terms of the Elliott Wave rules. Once this wave completes, the next retrace will offer one more buying opportunity to complete the 5th wave of the larger degree Wave 5. I will be able to evaluate targets and risk once the new subdegree 4 is in place. In summary, this market is in a subdegree Wave 3 which is no surprise and has finally stolen the order flow spot light. I expect my first target of 345 to be reached today and if 350 breaks, the 380 area is likely to be reached in the next day or so as well. My stop has been moved to breakeven which means my trade carries no risk it's all about management from here. Price action analysis. It works. I would like to thank the Tradingview community for your support and appreciation, as of yesterday I have reached over 1k followers. Questions and comments welcome.
BITFINEX:ETHUSDLong
by MarcPMarkets
64
Counterparty Position IdeasThis is a follow up in response to a comment from a viewer, I've added on a few possible targets that you could use to manage this trade. I recommend that you split up the body of your holdings into different trade ideas with different expectations and time targets, so this is why I have given a range of possibilities. Having 3 separate positions in 1 position allows you to capture the POTENTIAL for gains over multiple timeframes AND to actually close out those profits while you have them but not lose all of the POTENTIAL to have the position continue to grow in value. You want some level of consistent exposure to have the best opportunity to get the most gains. Another great way to invest in Counterparty is simply to invest in Foldingcoin, which uses network hardware to study cancer and rewards the network providers (Full Disclosure: I do not own FLDC because I made 1000% on it so I sold it XP). I believe that profits taken on FLDC by the development team will be used to reinvest into XCP or that the price of XCP will become inflated regardless. Right now, Counterparty is experiencing a whale's shakeout, with naive underwater positions getting destroyed, but it's a great opportunity to buy, HOLD, and then watch like the eye of sauron, always watching.
XLong
by Piptocurrency
11
Bitcoin Bullish Channel Solid. Breakout to occur soon! Target 4kAs expected, our trendline held. We bounced: Trendline continues to hold support. A good sign. Bullish pendant pattern forming. Also bullish. Here's what I expect from Bitcoin according to our charts: 1) Break $2980 before Aug 1 and then come back down and bounce off it and up after. 2) Bounce around in here for a few more days before breaking up and out. Either way, the 3-4 week target remains at the top of the GREEN channel. Time to make some cash Bitcoin traders!
BITSTAMP:BTCUSDLong
by stewdamus
Bitcoin/Bitstamp. Your best price before another breakout -$3146Bitcoin is on a tear! These bulls don't want to rest. There will not be many more chances while we consolidate slightly here to hop on this train for a mad ride up to $4000 plus. However, if we do rest in the next couple days, look to buy at any price between now (currently $3446) down to $3146 and in the next 3-6 days. Consolidation won't last longer than this. If you can nab it at $3146, you've just entered long at a great price! In 3-4 weeks we'll be at $4000+. Hold tight y'all. Happy trading.
BITSTAMP:BTCUSDLong
by stewdamus