Bitcoin / U.S Dollar BTCUSD Trade Idea 30 March 2018Quick weekend update on the Bitcoin market.
Bitcoin failed to maintain its bullish momentum on the short term vs the US Dollar, however it seems that there might be some buying support on the longer term bullish trend line.
Prices dipped below $6800 this morning (mentioned in my previous report), we saw some good price action at that level quickly pushing prices back into the $7000 zone.
It could be possible that the bulls are trying to build a foundation below the 7k zone.
It is important to realize that we are still in a bearish trend and that most trades on the market should be considered higher risk.
$7000 is a critical support level for me and should prices fail to consolidate above this price zone, I will take it as more bearish confirmation and trade accordingly.
Should we fail to stay above 7k I feel the price action could lead us into the 5k – 6k zones, as we have now rejoined the previous down trend channel.
On the flip side of the coin if we consolidate above 7k and perhaps above 7600, we could see some nice buying pressure going into the month of April.
As usual be patient and wait for the market to show the way, the safest entry at this point would be after price action consolidates above $9000 – $10 000.
For a higher risk entry look towards 7600 – 8000 for a play.
Safe trades and Happy Easter to those that are celebrating the holiday.
Chat to real crypto traders here.
USD-BTC
BTC/USD 2 way for close future1. We go down to the support line of the green zone and can either go for some time in this zone or fight off and go to the C line (resistance zone)
2.Breaking through the green support line that goes from July 2017 let's go to the next level (the yellow zone) where we most likely will break off and go to the resistance level of about 10k
what you think about that ?
BTC USD UP or DOWN ? Which Way it's gonna choose ? Hi Everyone.
Welcome to this analyze of 4 hours BTC USD charts.
Looking at what happened yesterday, it just confirmed that we following the H&S pattern. But as there is really low volume, we may break from it and go down to my Buy zone, or we can finish it at 10.5K.
Confirmation of uptrend would be closing above 8.7 K .
Confirmation of downtrend is gonna be closing below 7.8K
Stay sharp and if you will decide to trade before confirmation use stop loss ! Don't risk.
Thank you for reading, feel free to leave your feedback .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
An excellent opportunity to buy in BTCUSD. Don't miss it.Trading suggestion:
.We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets.
.If the Midterm level 6000.00 is broken, we will close these trades.
Midterm forecast:
.While the price is above the support 6000.00, resumption of uptrend is expected.
.We make sure when the resistance at 11600.00 breaks.
.If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
.We will close our open trades, if the Midterm level 6000.00 is broken.
Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 40.
Take Profits:
TP1= @ 9180.05
TP2= @ 10688.25
TP3= @ 11600.00
TP4= @ 12670.65
TP5= @ 15308.00
TP6= @ 17095.65
TP7= @ 19704.20
TP8= Free
BTC/USD has found a support levelThe price for Bitcoin has found a strong support level near the mark of 8,000 and came out of the corridor of 10-11k - the level of November 2017.
Given the fall in volatility for our pair, we can put a smaller Stop Loss and it is unlikely that our pair will reach the level of 9.000 in the near future. Also taking into account the fact that on the weekend the traditional exchanges do not work as well as the most traders, trading volumes will fall and many will want to fix profits. So in the evening you can expect a local price increase after which you can search for points to enter short positions. During the exit from the "bearish" market, when the price reaches the local maximum, there will be a good moment for taking short positions.
Good luck and profits to all.
BTC/USD Correction/Bear ScenarioThis is how i feel about Bitcoin:
We are currently in an ABC correction of the previous 5 wave structure.
We have confirmed the bearish count as we
have a clear B wave
Currently on C wave (looking for our 5 subwaves)
Using fib extension from AB and subwaves,
my prediction for C wave is roughly $6200-$6500
My prediction of C wave (SW 5) also has confluence:
1) An extension of 100% from Waves A+B for C
2) An extension of 261% from Subwaves 1+2 for 5
C SUBWAVES:
W3 looking to bounce around the 161% level
W4 looking to hit around the 38-50% range
W5 looking to hit roughly the 261% level
BCH/USD Broke the resistance lineBCH BCH Broke the resistance line. Draws a bullish figure, which can be a good signal for growth to the next levels of resistance at elevations of 1170 and 1200
Put the bears down. For good this time. Reversal Imminent!LTC is leading the way once again! Reversal is Imminent friends, we have reached the bottom, and stared at it with our own two very eyes. It was disgusting to say the least. It is time for the bears to go back into hibernation, if not we put them down by force! For good this time. THIS IS THE TIME TO BUY! REMEMBER EVERY SUPPORT AND RESISTANCE ALWAYS GETS RETESTED. WE JUST TESTED OUR SUPPORT. IT HELD. TIME TO GO FOR 250 AGAIN! My call for 250 two weeks back was SPOT ON, and WE PROFITED. LET'S TAKE GAINS, AGAIN!
Vote and like! THANK YOU!
BTC | Potential For $12.2kIf Bitcoin breaks above $11.2k we will test at $11.8k if theres enough momentum behind the market we may see a high drive towards $12.2k
A break below $10k may send us towards $9.2k
Eyes out for breakout!
www.youtube.com < Trend Line Analysis Guide
www.youtube.com < S&R Guide & Identifying Trading Ranges
XRP Looking to Breakout!?Posted a chart a couple of days ago............This posting is same chart and same idea. Looks like everyone calling to the upside may have been on to something. I know its tough to tell on this look because I wanted to keep red line (Resistance 1) into play but during the time of writing this we have broken out of mini wedge and are sitting right @.95 cents with the outlook that we will be seeing further upside. I'm thinking TA looks good for upside in addition to BIG interview geared up for Tuesday 6th, 2018 that CNBC will be hosting with Brad G from RIPPLE and Asiff Hirji President of COINBASE along with two other big wigs. I think just the anticipation alone from this interview will give us the much needed volume today, tomorrow, and tuesday to easily break above (R1) @$1.40 and not to mention if they do decide to (hopefully) let cat out of the bag and announce there will be XRP listing on COINBASE, hold on to your seats ladies and gentlemen. Remember that not all that long ago was the ATH @~ $tree fifty ........so if that is the case who knows where this will end up settling. I hate to drop the XRP COINBASE listing because,...... well I think if you're reading this chart than you have had your fair share of disappoints in regards to that as have I, but if it walks like a duck and it quacks like a duck.......well you get the point. Aside from that, good news keeps pouring out of RIPPLE and XRP and soon enough, if not already, everything will be on RIPPLES terms ...e.g...Coinbase. Please feel free to like and comment and again this is not trading advice.
XRP TO THE UPSIDE!?So I'm a longtime hodler of XRP so right off the bat you can consider my opinion biased. However, with that being said I am usually biased towards the downside because I never sell and then I wish I had and I am a negative nancy by default. But alas, I actually think we should be breaking to the upside. So just a real quick run down of my thoughts that should not be construed as trading advice because everyone writes that so I guess I should as well...............Blue horizontal support line (Support S1) around .86 cents just so happens to coincide with .786 Fib line. We are currently sitting right on top of that ~.90 cents. Red line (R1) that has multiple consolidation phases on it and also happens to coincide with .618 Fib Line looks to be first real resistance level and depending on how fast we get there time frame wise I think will determine what price we can look for but I am anticipating around $1.40 and quite soon within the next day or two due to the fact that we have formed a triangle from blue support and from black line which is diagonal line from a fib pulled off the ATH.......Looks like we are approaching a break out and I feel like the path of least resistance is to the upside. If it does break to upside I think green arrow it could go big or we could be trading sideways for a while to come. Either scenario is to the upside and both are substantial. Add the fact that we have endured a downtrend for a while not ONLY in XRP but in all Crypto assests and are slowly approaching the same time frame last year where prices really started to appreciate. Add that with all the good news built up over the last couple of months that Ripple as a company and XRP have had that has not reflected in price which makes me lean to upside. Please like, message, and follow so I can get enough points to start chatting:) and I'd love to get feedback on other peoples opinions.
BTCUSD AnalysisWith the market debating weather 10,000 is overpriced or underpriced for BTCUSD it's important to see all possible outcomes to find trades. With myself believing bitcoin is worth more than 10,000 I'm looking for cheap buys. Remaining in the positions of BTCUSD Part 2 I can see price going up from its current position however some of the position was decreased to decrease losses. This chart shows the major moves we could see but, doesn't include all for the sake of neatness. This analysis is solely my own and shouldn't and the use of the analysis is under the risk of the trader. For a deeper analysis into smaller moves feel free to send me a private message
Bitcoin! Should I long or should I short now!?Bitcoin is having quite a nice rally against the US Dollar since we hit the lows on the 5th and 6th, earlier this month.
We are reaching another critical stage as we approach the longer term down trend line, which is also the top of the channel we currently find ourselves in.
The resistance zone above 12k – 13k is the signal that I want to give me confirmation that we are indeed entering another bullish market.
In the markets we are faced with contradicting signals and we need to consider all possibilities when analyzing the technical.
There is quite solid support around 10 500 and should that fail I would expect more traders to book profits on the medium and short term.
Should we fail to consolidate above 12 000 it is confirmation that we are still in the bearish longer term channel and a retest of the lower levels would be quite possible.
Feel free to discuss this trade idea with me in Discord, safe trades .
BULLISH - LONG - Thought Analysis. Okay so our previous goal was indeed HALTED by the bears and we did not make it to 170 for LTC USD (COINBASE-GDAX). However that does not mean the market is NOT rebounding. If you notice the weekly charts, every week crypto is gaining more market cap. The lowest we have gone in this correction is around 290 Billion Market Cap. When the market hit 290BLN (Two weeks ago) and people were freaking out I called it and said we won't go any lower. Why did I think that? Simple because the prices are just too attractive for anyone to pass up. If you have noticed the market cap goes up by about 50BLN and then peels off a little bit every week.Now in our third week we are flirting with 400-450 bln market cap range. As the market goes up, so will LTC and all other major coins like BTC and ETH. We have firmly planted our feet at 400 billion in total market cap and it doesn't seem to be budging, just think about it. LTC was 100, 125, 150, and it even hit 169 last week now it is peeling back. HOLD THAT LTC, Soon we will SEE GAINS!.