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A volcanic "Price" eruptionEruption means here going high fast then plunging down. That's what I think has started to occur. Another eruption may occur also at any time (the second quake), but that is still really hypothetical so let the "price" "lava" falls down fist. (blablabla) This is a very special analysis this time for 2 reasons. I'm doing my analysis on a 1-HOUR chart and I'll make the analysis based on 2 new indicators I've created: S4W Normalizer, and the S4W Velocity indicator. Based on my analysis: The sudden "pump" on price reaching 7800 USD has formed a wall. This is an opportunity for the S4W Normalizer indicator to bing a SHORT trading window, and to detect where the trade should stop. There is 2 candidates for the stop, which are 2 revert-peaks I've framed in the S4W/Normalizer indicator. I think the price may go down to reach one of those 2 Stop candidates. The first one is more sure to be reached, the second one is more risky to be reached. but it may possibly goes below that level. The S4W Velocity indicator has detected an upper peak that is a signal for a SHORT trade starting. I've drawn a vertical line to see where I would have place the real trade. I'm late in fact, so the trade started during that idea creation. Conclusion: Bitcoin is still about to go down again, due to that wall that needs to be "stabilized". I'm saying this to myself : "To say it short : short it now!!!" So the current scenario for me is to stabilize that wall. How can a wall stands up without a real foundation. That's why I think the price should go down a bit, right now. ---------------------------------------- PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks. PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you. PS3: The S4W/Normalizer indicator is a corrected price graph that enhance peaks positions. Compare that indicator with the price, you will see it follows the price but the HH,HL,LL,LH are placed on different levels that can be exploited. Drawing or seeking elliot waves, waves can be used surelt (I'm not a wave surfer)...
BITFINEX:BTCUSD
by Atemak
4
Uncertainties on BullsBased on my analysis : Since September 14th we've entered a channel, and exiting it will mark the real direction the market will go. I'm seeing the bulls power is "sanding" a bit. What is sure, for me, there is too many uncertainties right now to take action. The UP move is a bit compromised as it is now. Also, I've seen 2 of my support levels (violet lines) are matching FIBO levels 0.786 and FIBO 1.0. So I think now those 2 supports levels are keys, but I don't want to dream a nightmare. Let's wait to exit the channel first to see if price will lead to FIBO 0.786 then 1.0, or will still going up. The S4W compression is still not expanding yet. it slowly refrains its compression but no expansion yet. it's going flat, which means there is an expansion to occur soon. An expansion means a price going up. I see in S4W/Mirror indicator that the BULLS have lost a battle, as shown in the box I've drawn. Is it the end of war? Not really, because the SW4 Horizon indicator tells the road is still not blocked for an uptrend yet. My conclusion is : We are in a middle of a channel, and that brings uncertainties for now. I would not start a trade right now. We need to exit that channel first. Let's wait 24 hours , from now, to see if the BEARS have won or not. I'll check this by seeing if the bulls' line (green line) in S4/Mirror will move over the last red hill or not. If that's the case, we will be still on the road to "UpVille". I also need to check if the S4W/Horizon is still in bulls favor (= green line still descending). Finally, the 2 FIBO levels are matching too perfectly my 2 support levels. That's shows a possible bearish move to move going below 6K. :-( Let's exit this channel first, to know PS: An expansion is when the S4W/Compression indicator forms a green line and going up PS2: don't take my words for granted. Do your analysis, re-analyze, then trade. PS3: Don't hesitate to LIKE this idea, and follow me to get my latest ideas. PS4: <- Play it at home or buy an XBOX :-)
BITFINEX:BTCUSD
by Atemak
1
BTGUSD Next Short Set-Up from HereBTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here and the last 3 rallies have all failed at the upper dynamic. BTG remains vulnerable whilst trapped below this dominant line. Once 17.5 breaks it should fall away to the 13.2-12.1 range. And once 12 breaks the next obvious downside target becomes 6.5-6.0 Will follow Bitcoin around as usual, just moves faster. Not ready to short again yet but worth setting an alert for maybe.
B
by sumastardon
ETHBTC Target Achieved - Next Short Set-Up from HereETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched precisely so it's time to close out again if you haven't already done so. Next short opportunity comes on a break below 4165 looking for 3440 initially and then 2345
by sumastardon
NEOUSD Next Short Set-Up From HereNEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs. Few are right. The majority are wrong - up to 95% of retail currency traders lose money. (If currency trading was easy, we'd be doing it here a lot more. It isn't. So we don't) So we know the odds are stacked against from the outset. With this is mind is it 'easier' to sell the dust and forget about the diamond - or are you so damn good you can find 'the one' ? If it's the latter please share ; ) Until that day arrives we are probably better to try nailing the losers. And there have been some good ones over the last week. Here are some: they will follow Bitcoin as usual. They will rally more than the great death-star itself and fall more when Bitcoin fails. Some offering fantastic gearing opportunities without the need to resort to excessive margin trading. NEOUSD This was a sell from 20.87 and weak whilst trapped below 21 with a downside target at 13. It fell to 13.64 before rallying. That's a big double bottom at 13.25 in fact. But the trend is still neagtive despite the 50% counter rally since. To break free of the relentless bear prssure here it will need Bitcoin's help to arrive soon now. In it's continuing absence NEO will break the the little dynamic under price now and retst the lows at 13.64-13.25. A decent short when it breaks . But not until. It's holding up with Bitcoin for now. An eventual break below 13 here will be another extremely bearish signal pointing to further sustained weakness back to the spike low at 3.79. Lesser potential support centered around 6 may serve to induce a counter rally of 50% as we are seeing now. Big moves in little numbers.
BITFINEX:NEOUSDShort
by sumastardon
And here's the close-upA close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels. Or not! As always, don't take this type of ideas as prophecies - it's just inspiration, possible interpretations to use and then do your own chart work.
Short
by thomasvandenabeele
GBPUSD:Look to sell the Counter Rally in GBP before next declineGBPUSD Sterling has spent all of August in free-fall. After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 . It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least. On the downside any failure on Monday to hold up from 1.2766 and from 1.2720 at the lowest will trigger further near term weakness back to 1.2596. Worth a short if we see it happen with stops above 1.2770. Otherwise can look to short again from 1.2928-1.2957 range, as above. * For fastest real-time updates please see link to Global Markets at top left of main page.
Short
by sumastardon
Bitcoin Potential Correction DownBitcoin has been rising since 24th of June, and went from $5780 up to the recent high at $8490 area, gaining 48% against the USD. Currently price has corrected down and found the support at the 50% Fibonacci retracement level and rejected the uptrend trendline at the same time. Overall, the trend remains bullish and at this point, while the Fibonacci support holds, the uptrend continuation is likely to take place. However, if the trendline is broken, BTC/USD might correct down further, towards one of the next minor Fibonacci support levels. Break below the trendline could also mean the consolidation between the $7350 and $7850 levels. If BTC will break below the $7350, more downside correction should be expected, and Bitcoin could reach the $7k psychological support, that is 61.8% Fibonacci retracement. Finally, if the support at $7k is broken, next support is seen at $6650, which is 76.4% Fibs. And only break and close below the $6650 could be the confirmation of the downtrend continuation.
COINBASE:BTCUSD
by CryptoPAMM
ZenCash VS Bitcoin Possible Correction DownZenCash has been trending upwards since 24th of June, and has climbed from $15 up to $34, gaining 134%. Recently ZEN/USD faced the resistance at $32, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Price has spiked above the resistance, althogh failed to close higher, suggesting the corrective move down. At the same time ZEN found the support at $28, which is 50% Fibs, that was rejected today. As long as price stays above that support, ZenCash is likely to consolidate. Currently there are two important support levels to watch, $28 and $25, which corresponds to the uptrend trendline. Break below $25 should result in further decline towards $21 and even $18. On the upside, clear break and close above the $34.6 is required in order for the uptrend continuation to take place.
BITTREX:ZENUSD
by CryptoPAMM