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btc vs usdMore news from China , Russia and South Korea . i think if they more fight BTC ,it will be more strong .. all traders search about trend , where it ?! i see its strong uptrend for mid term , closing two h4 candles above 4300 with strong bullish will going up to first step at 4920 so second will be 5565 the other vision said , if closing two h4 bearish candles under 4275 it will down to 3626 at most and then we can buy with all power from this point ... anyway lets see the movement next hours
BITFINEX:BTCUSD
by MohamedAWahedzidane
PAY Pennants patternAs requested here is my re-evaluation of PAY. for 30m it looks like we have a nice pennats pattern with the first candle close to breaking top of resistance. The 1D RSI still looks strong wich make me think we still have one more push. If we break up from the pennant we will have another resistance level around 1600. So that will be my first sell target, Once at 1600 and if RSI still looks strong i think we can go past 1900 and find some resistance at 2000. Breaking down from the pennant and we most likely go down to lower support around 1000. If we bounce on the 1000 - 1100 that will be my BUY signal. Invest at own risk :)
by Bjurhager
Litecoin move expected this weekendIn the last post, about a week ago, I indicated that Litecoin appeared to be coiling. This is a contracting pattern that occurs prior to a big move. It can also be referred to as a symmetrical triangle pattern. Further indications include a contracting Bollinger Band and decreasing volume. I was not sure then which way we'd move, just like I am not sure now which way we'll move. However, I can tell you that most of the signs on my simple charts point up. I will present quickly here the talking points for a move to the upside as well as any I see for a move down. Please feel free to add to either list in the comment section below. The case for going up: -Still in the Bullish long term green channel -A close above the downward sloping blue trendline -A possible close above the middle Bollinger Band today -A break out of symmetrical triangle's usually follow longer term trends The case for going down: -50 MA seems hard to beat lately -Litecoin follows Bitcoin. Wherever Bitcoin goes, Litecoin will probably eventually follow. And at this point, it is more likely that Bitcoin travels down before going much higher. If you are long Litecoin right now ...hold (or, as they say, HODL). Adjust your trailing stops frequently to follow the bottom GREEN trendline upward. If you want to go long, I'd wait for further confirmation. However, you wouldn't be wrong to start your dollar cost avg. buy in at this level. If you want to go short, this is not the place to do it. Wait for further breakdown and confirmation. As always, happy trading out there and be careful. P.S.- On the chart, I show LTC wedged between two prices. These are the 50MA and the middle BB.
COINBASE:LTCUSDLong
by stewdamus
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