$BTS ACCUMULATING, EXITING BUYER ZONE -- LONG !"Bitshares is doing way more transactions than Ethereum." Undervalued coin with an active community, proven product & solid fundamentals.
Token
$RISE FORMING HEAD & SHOULDERS,LONG OPPORTUNITY —WAIT TO CONFIRMH&S pattern, showing bullish signs. Consider buying after confirming bullish reversal
XEL ABOUT TO BREAK OUT OF ACCUMULATION -- CONFIRM & BUY !$XEL is accumulating around support. After bullish confirmation, good opportunity to buy. Solid project with an active community on github, reddit etc. Keep a close eye on $XELBTC
Feeling risky?No idea what this coin does, just trying to catch the momentum.
Not going to jump in on that spike and get pulled into a bull trap, if it is one.... I will put an order below, waiting for a pullback. If I miss it, whatever. Haven't done my research to know if its worth bagging.
Potential 2X trade on PayBTCHigh risk trade idea here.
In my last post, we entered at .006. Target was .001 (23.60% Fib). We reached that target and closed. But because we broke the ascending triangle, a breakout even higher than our target occurred. We closed several daily candles above .001 and are now sitting on that support. If we bounce here, we'll go to .0019 and almost double our current entry price. On the other hand, if we collapse, we'll lose nearly half. Maybe more.
Warning! This is a high risk trade. Enter at your own risk. The signs are there but as always, we look to our leader, Bitcoin.
Be careful. Don't throw more money at this than your tolerance level will allow. And you may want to wait and watch what Bitcoin does first. Follow my indicators posted in the chart above.
Happy trading all!
$STRATIS CONFIRMED TREND REVERSAL AFTER ACCUMULATION-- BUY NOW !Indicators suggest the accumulation period for stratis is over as we approach a bullish run. Good time to buy would be now.
$NEOETH CORRECTING BEFORE NEXT BULLISH WAVE, CONFIRM & BUY!Wait to confirm price reversal and buy $NEOETH at a discount before the next bullish run. NEO is in a unique position, fundamentally, as many ethereum projects are switching over to its chinese counterpart. Remember to keep your $NEO stored in a proper wallet so you don't miss out on the GAS dividends.
$MCO CONTINUING UPTREND--KEEP AN EYE OUT, CONFIRM BULLISH TREND?Keep a careful eye on RSI as MCO continues its bullish climb. Monaco is about to hit the third leg of an already massive bullish run with some more room left to grow. If $MCOBTC falls out of the trend or breaks support, confirm price reversal and cancel trades.
GO LONG $MTL -- METALPAY POISED FOR A BULLISH RUN, BUY NOW !In case you didn't see, CNBC's Brian Kelly included MetalPay in his portfolio during his coverage of cryptocurrencies on the TV show Fast Money. The $MTL team also announced the alpha release of their new client, "We are very excited and proud to announce Metal alpha release now live as of 8.18.17." Metal is one of those coins will a growing community and a lot of enthusiasm surrounding the project. Users are reporting positive feedback regarding the Metal wallet and with institutional praise from investors like Brian Kelly, don't be surprised to see the coin moon in September.
$OMG POISED FOR A BULLISH REBOUND -- TECHNICALS READY TO CONFIRM$OMGBTC is preparing for a bullish rebound after a minor corrective phase. Beyond technicals, OMG is a very promising token with a tangible product, legitimate business partnerships in place and a relationship with Vitalik Buterin, the creator of Ethereum.
Ethereum - optimistic or optimistic with a delay? With regard to previous 96% drop, most of us became skeptical with Ethereum. We estimate that downtrend may continue - until $160 (Fibs and historical price levels). If price does break $250 - we'll become bullish only at the entry point of $160. If price will find support level again at $222 (which will create double-bottom) and Fibs 0.618 will be passed after that, well $280-300 will be our entry points.
If this information in addition to the chart drawing was useful - please leave the comment or like below.
Thank you.
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. We are not offering to take this information for granted. Thus, be careful with your trading decisions.
Don't be greedy, don't be panic - be an intelligent investor!
Sincerely,
Cryptocurrency Fund L.P.
medium.com
Nobody knows the futureYou can't be confident with your forecasts on 100%.
That’s why we estimate two scenarios at once. You can be either bullish or bearish. On our chart we show how to act in the worst case scenario and how to act in the best case scenario.
For basis we are using BTCUSD chart from GDAX (Coinbase Exchange).
We have used:
1. support and resistance levels
2. figures
3. fibonacci retracement
4. moving averages
1. From my observation historical and psychological levels are always very strong it doesn’t matter if they are support or resistance levels. We decided to take four levels that have core role for the next one-two months:
* $1700
* $2000
* $2700
* $3000
2. Additionally to the price levels we applied figure analysis which includes:
* Head and shoulders - bearish
* Ascending triangle - bullish
3. Another indicator that always proves its dependability is:
* Fibonacci retracement (critical levels are 0.618 and 0.382)
4. And the last one, but not the list is:
* Simple Moving average (14 and 50 periods)
We emphasize again, that nobody knows for sure where the market goes up or down, however you can prepare yourself with asking a simple question “What if” ?
1. What if the price breaks $2700 price level, 0.618 Fibonacci retracement level, MA 50 crosses MA 14 and ascending triangle will continue its forming? If four indicators are bullish the best point of entry will be $2800.
2. What if the price will find resistance level at $2700, break the 0.382 Fibonacci retracement level, “head and shoulders” will continue its forming and MA 50 will be crossed by MA 14? In this case bear position can be more appropriate and the best point of entry will be $2400-2350.
3. The third scenario will be flat, however based on previous fundamental news from Ethereum a lot of investors and traders converted their tokens in Bitcoin which created additional volatility on bitcoin market. Trading inside the channel we will discuss later.
Risk disclosure:
Our analysis neither offers you the solution of how to trade, nor encourages you to trade based on it. We are not offering to take this information for granted. Thus, be careful with your trading decisions.
Do not be greedy, do not be panic - be an intelligent investor!
Sincerely,
Cryptocurrency Fund L.P.
medium.com
