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LTCUSD So far so good needs Bitcoin to break above 7735 next to LTCUSD Weekend Update So far rhe break above the pennant top has gone about 3% but fallen short of the first resistance line at 124.73 by 60 pips and more which is frustrating right now. The break high was bang in-line with Bitcoin's break above 9450 at the same time as Europe opened up for the weekend and rally in both was about the same in % terms. The 124.75 level here is as important to the near term as the 7735 level is to Bitcoin. Both levels need breaking soon for the day's rally to maintain momentum through the day. The longer both languish below them the more wary we need to be. However whilst Bitcoin itself holds up at 7600 there's no point in closing any longs now. But that view will have to change if Bitcoin is sold back much below 7600 again from here. 11:49gmt 06:49est Friday LTCUSD Litecoin Another Alt which has come back to major support and is looking poised for a good break higher if Bitcoin will oblige later. Right now it's in a little continuation or pennant pattern - again waiting on Bitcoin
BITSTAMP:LTCUSDLong
by sumastardon
ETHUSD Update and Key Levels AheadETHUSD Update and Key Levels Ahead Won't quit - grinding higher off a new little dynamic still forming - so far so good still. First support for day traders at 589. Then Near term support building at 564 with more important medium term support at 543. On the upside we can see clear congestion at 610 up to 615 - an eventual break and hold above here would be very bullish for the more medium term, tempting more buyers long to 643 in the nearterm and then in stages to 685 and higher still in medium term. The 609/615 range therefore looks quite likely to be the key area to watch and trade off over the coming days here.
BITFINEX:ETHUSDLong
by sumastardon
4
Bitcoin Projections: How I'm playing this CorrectionHey Traders, I'm optimistically bullish until we drop under the .618 retracement line. With that being said this chart shows my expected entry and targets for how I plan on playing this bitcoin recovery. This is a temporary play which is why i have exit targets and I'm not holding til a new high, As more data comes in i'll look at taking a re-entry position and aiming for new highs if that is what the market leads me to believe. stay tuned for that. You can follow me on several social platforms under crypto hippo or the crypto blend. I create a daily video of bitcoin for those of you who would prefer videos instead of the charts I put on tradingview here. Thank you all for your support and comments and please follow if you enjoy the simple, yet effective charts I put up.
BITFINEX:BTCUSDLong
by TheCryptoBlend
Bitcoin Projections: The END is NEAR!!!Hey Everyone. looking at our expected daily update of bitcoin today and we can see the correction is playing out in tune to our previous charts. I highlighted critical points that would determine if the correction would play out deeper or if we were looking at a potential larger elliot wave playing out in the bulls favors. We saw divergence in the volume vs the climb on the chart that confirmed we'd see an expected drop lower. Sign #1. We are seeing that same divergence with the attempted retrace right now at 8600 which supports my belief we will drop further shortly out of this bear flag thats forming on the 1 hr chart. Lastly, our end of Wave C projection is most likely 8100 to be a safe bet, and even 8300 is a safe entry i'll start stacking my longs at. A drop below 7900 should be worrisome and is worth looking at bitcoin agian to check indicators on whether we may be downtrending at that time rather than just experiencing a correction. Hope this helps> As always, this is not financial advice. :) Take care and best of luck traders. Look me up on Youtube
BITFINEX:BTCUSDShort
by TheCryptoBlend
1
Ethereum getting ready for new wave!Hi, Ethereum is looking very nice to me! I'm a big supporter and lover. Looking like we're bottomed out and ready for new year of upward movement! While approaching the narrow end of the wedge pattern look out for it to get back in. Blue line shows you the spots of strong support and resistance in the past. Keeping this in mind will help you find a nice buy-in ... We might see it fall to around $400 again, but that's as low as it can fall in my opinion. If the price bounces up again at that point, you will have a great buying opportunity. Profitable greetings, Perspect.
Long
by Perspect
TRXETH updateSo a update on my TRX vs ETH - I haven't dubbel downed yet, draw this peace yesterday, went to sleep and ill just see how this one plays out - mainly looking at some other pairs that i might post Anyway i hope u learned or could give me some advice always welcome. -- So looking at the chart is has bounced pretty sweet of the trend lines, just hoping it would now push tru the RSI middle Res line at the moment how i see it if this one could become support line a bullish trend would come faster then i excepted "note: i am in favor for bullish since i have a bag of 6%-7% of trx just to let u know my side on this" the MACD looks like it would go in a uptrend even the ema would suggest a reverse is incoming but always keep in mind that nothing is for sure until completed Trade Safe Samurai Ben
by samuraiben
BTCUSD Today's Trades from hereBitcoin BTCUSD Today's Updates/Trades Bitcoin Coinbase Chart Update 09:30gmt 04:30est Bitcoin made an overnight high at 6893, some 8 points shy of the first upside target at the upper parallel before falling away below the rising dynamic which then triggered a short from current levels around 6844. But in the interim Bitcoin has spent the night moving sideways in an unusually tight range between the 6813 support line and the resistance line just above at 6849. It's therefore about as neutral as it's ever been in recent memory. So can close the short is still in position here. It's too neutral here to hold it really. It has to break above 6870 to trigger a long with stops below 6840, looking for 6955 line and then 7150-7160 once 6955 is broken above. On downside so far Bitcoin is hammering out support above the stucture sitting below it. Whilst it continues Bitcoin is not negative and cannot be shorted. It has to move below the 6771 line here and the lower rising parallel to tip it back into bear territory and to trigger another short back to 6698 line initially and potentially much lower still. 14:30gmt 09:30est Raise the stop to 5 below price on this long - the rally is so far just a 1% pop and has only 30 points of upside left until it's a sell again - it may get hit and likely will - if so can put a sell order at 6955 with a stop 10 points higher at least and wait... 14:42gmt 09:42est Can close out now - was wanting to sell but it's risky - if so put a stop just 5 above this new high on Coinbase If it breaks higher than that can get long/reverse with stops below 6945. Tricky here now 15:46gmt 10:46est this short is under pressure from stop hunting bots. Can put a tiny dynamic under price which has a bot-like vibe as it rises- should start to lose and flip lower once lost - can short again/addor open fresh short once it does - or from blue line at 6955 with stop 10 higher - ready to reverse long if hit (as previous updates)
COINBASE:BTCUSDShort
by sumastardon
14
ION looking great after announcing partnership.Ionomy studios announced this past Friday that they have partnered with Rekell Games and will be involved in a redesign of the popular game Rumble Arena!! Jumping from coin rank 171 to 156 in the period of a week, USD value has increased more than 40 cents with a $7,188,296 increase in market cap since my last overview of the coin! Community wise, support for the coin is growing and technical analysis seems to be confirming an uptrend. Following support on the 1-day chart and recently bouncing from the .618 price action has wicked through resistance at the .382 twice in the last few days. Breaking a number of resistance lines on the 4-hour chart price action has also broken through resistance on the the RSI. If support for Ionomy's innovations continues, ION looks like it could reach it's all-time high of $8.18 again by the end of the year...and then who knows from there!
ILong
by theJadeCrow
Bitcoin: BTCUSD Saturday Update and Next Trade Points Bitcoin Saturday Update and Next Trade Points Bitcoin went into the weekend looking like it was just a matter time before it broke lower still. All that consolidation below structure to the left of price was saying that no-one wanted Bitcoin above 6666. By 22:00 gmt this level really had taken on major significance. The number of the beast or no, it was also now the dividing line between Bitcoin staying negative and flipping back to positive. Then at around 01:50gmt there was a massive whale attack. And although primed for just such an event this weekend, we've never seen an attack out of far East like this for months now. It was big volume - a serious attack. The trigger for the next long was a break above 6670. Since then Bitcoin has surged up to test the junction of the fixed and dynamic resistance lines at 6909 with an intra day high at 6917 on Bitfinex. Now it needs to consolidate some more and is doing so by unwinding in a 100 point range with support underneath provided by the 6817 line here. Can either close out here around 6868 for 218 points profit overnight or stay with it with a stop under 6800 for 120 or so profit if struck. Am doing former as it's the weekend, looking to re-enter long only once 6909-6950 range is broken above, looking for a rough 400 point rally to 7266 minimum and more likely to 7431. On downside support at 6818-6800 line must continue to hold up on retests today for Bitcoin to remain positive from here. A break below 6800 will tip Bitcoin back into bear territory and trigger the next near term short from here if we see it, back to 6666 - where it should bounce again. We are still stuck in the range with the weekend ahead. Unless 6950 can be broken above that looks likely to remain the case for a while longer this weekend - but with some decent near term trading opportunities ahead of us all the same.
BITFINEX:BTCUSDLong
by sumastardon
11