USD-BTC
NEOUSD (Volume Analysis Prediction 7/05/2018)
Ticker: NEOUSD
Exchange: BITFINEX
Mid term signal: buy
And so, NEO follows the market as a whole
buy at the top of the trend - this is not the best idea
It is worth buying from a rollback, so we reduce the risk
And also increase profits
Now the coin looks better than the market, but in general it is worth being prepared that it will start to fall after the market
Enter: 38,84
Take profit 1: 42,00
Take profit 2: 44,90
Stop: 37,85
Bitcoin - Two Steps Forward...Resistance continues to keep BTC below 6400.
We hit a high around 6300 before moving back to the current range
We should hit 6400 today and retest that price again. Whether we break through it or not is debatable.
What we do know is there are a number of levels of resistance the whole way up. We have to watch carefully as we pass through 6400. If the market rejects it and the price starts to drop - there may be a short situation. If you are a long term holder - there is no change in the overall outlook for BTC. Just an opportunity to try and collect some more in the short term.
First stop is 6400 - if we can't pass is - be prepared for another dip into the 5000's. If we do pass it - we will have passed the test on the way to 6800 and eventually 7200. Bitcoin grows stronger every year - there is no reason to think this year is the exception to that!
$BTC #BITCOIN - BIG MOVE - why did I expect that?Hello Lads and Ladies,
today we are looking at BTCUSD and there was a reason why I did not do TA on it until now. I was waiting for it to make its classical move up with the 4h candle.
This $500 tall green candle was a move that we see quite often with BTCUSD. I personally expected a even taller candle up to the region of $6800 but that one might still have a chance.
Right now we are sitting right in between two very strong uptrend support lines, which are playing their game now as resistance. The relieving part about this is that we actually broke both of them and are locating ourselves in the middle right now.
Furthermore, we have touched and shortly broken this resistance a few days ago and we came back, even with making a very new low at $5800. The thing about supports and resistances it, the more you touch them the higher is the possibility to break it the next time.
I am trying to keep this short. So what might happen next?
As the next movement I see BTCUSD forming a wedge by keeping this resistance at $6250 with a possible low at $5950. As I believe more in the bullish situation, we would have to break this wedge going up and with that breaking the yellow downtrend resistance. The best scenario of doing so would be with a second big green candle up to $6800. By doing so we would reduce the chances significantly of seeing $5200.
As much everyone would love seeing this bullish scenario happening, there is a second bearish possibility. Again after forming a wedge, failing to break through resistance and falling down to to the next level of support at $5650 or concerning that movements downtrend to break through important supports, even $5200.
To get this straight out of the way. We need to turn that $6800 resistance into support to be in a RATHER safe region and reversing the trend. To do so, we would have to see push towards $7200 or at least $7000, this might happen very fast and within a few hours as we have seen BTCUSD pumping 1.5k within one hour before. ANYHOW, until this does not happen, we are NOT safe at all and could fall down ANYTIME, please keep this in mind.
#Bitcoin Daily Chart Market Movement finally Cracked ?I think this is it... needed the last touch on that main support level to bring some logic to last weeks of market indecision.
:( looks like the texts are overlapping, that sucks ... Here's the snapshot of the chart when published (there the text are all visible).
Bitcoin - Break Out Or One Last Dip?I hate to make calls that are bearish when people are crying out for a bull run but I can't stop thinking of a very real scenario that will temporarily bring us down before up.
For most of this chart I have been expecting a double bottom to match the left shoulder at 6100. It seems to have avoided dropping down to this level - so I am not going to say that this HAS to happen - only that it is a possibility.
As you can see weve been straddling the green downtrend line and thats okay. It doesnt seem like the market is ready to break. This will change of course with one move of the move by a bull.
The pattern is looking less like an inverse H&S by the minute. The current price seems to reflect the last double bottom we had in the 6300's before the slight price jump.
We still seem to be moving sideways - we may temporarily drop to 6100 but there seems to be enough evidence supporting the opposite as well.
My analysis still tells me that this is a perfect place to be buying and hold - the market will turn around like it always does - we may never see these prices again!
Going Down
Our price is expected to be reflected from the level of 7700, after which it went down. For yesterday, Bitcoin lost $ 800 in price, breaking several resistance levels at once.
At the moment we expect a further downward movement to the level of 6100. Therefore, we recommend taking short positions and set take-profits at the resistance level.
EOS Falling WedgeBroke out of the falling wedge slightly but seems it can not get past $13. $13 will be a perfect price to short if it gets there.
looking at $6 -$7 perfect long opportunity.
I know, I was formerly bullish on EOSUSD in my previous chat, I thought we will break out for good but I assumed a lot and didn't pay particular attention detail. In trading you aren't perfectly right or wrong, I am just using the past numbers to forecast what might likely happen.
EOS has a lot coming in the following months, already dapps are moving and camping in its tenth, it has promised a lot but that might not really reflect in its price now but it will surely soon.
Please like and comment if am making a mistake, kindly let me know.
Disclaimer:
This is not a trading advice, it's just a opnion on price movements.
NEO/USD No.1 If the market decides to correct further.
I think this could be a high probability possibility for NEO.
There is also a chance, that rather instead of a Triple Elliot combo. There is a Double combo, and where I have market the 'X' at $90, there could be a 'B' of an ABC starting at the 'Y' Marker completing a Double Combo.
Im leaning towards a triple Elliot wave combo, as the move up to $90 looks more like a failed impulse wave rather.
STEEM - Dual chart, USD & BTC 2018 summer roadmap [BTFD]Here we are looking at a very powerful player for 2018 & beyond
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my profile here: steemit.com
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STEEM TA: we can see a strong baseline for STEEM and currently at a small peak before mania hits the market, has a bit more juice in than SBD and can get bigger returns with trades
We can see possible future highs of 0.001 and beyond, the Gann fan and fibs should guide us nicely towards these targets
personally im waiting for STEEM to come down even more before buying in again looking around 0.0003 area, but you can buy wherever u want as this is not trade adivce lol - the lower fib level will serve as support around 0.0003btc, if it breaks then i will just buy more, STEEM is certainly not running out of fuel anytime soon....
On the USD price, essential i want as cheap as possible on the BTFD tip but aiming at around $3 aggressively and under $2 for a good entry, $1.5 would be amazing and under $1 would be so cheap i think it might hurt lol
happy trades!
any Q's plz join our very active Telegram chat thru links below.....
NEO dual chart BTC & USD - roadmap for Summer 2018 [BTFD]Using my favourite Gann's and solid fib retracements we are looking at NEO
i know many people bought in and held NEO including myself, sometimes a bit high with all the FOMO from last 6 months
with Bitcoin and crypto market in reversal we can look at possible entries and where NEO price will go in the next few months
NEO/USD had a clear breakout of the triangle and is signaling further move upwards here to test the all time high of $200, time frame of around june/july for this to happen
using both charts you can get a good idea of when to enter....
if you do require any guidance or questions about the charts please join our telegram chat room by following links in the signature below (BTFD telegram feed link)
healthy and smart trading wishes