ETHUSD: Possible Scenarios for projected BTC DipETH is showing positive signs for an upward trend, and is now in its 5th wave up.
Context: BTC is in its 4th wave recovery, and may look to move down once it hits between 13.5 - 14.5 USD (have linked estimate below for BTCUSD). Interestingly, the projected dip for BTC is estimated around 31st Jan and coincides with ETH crossing possible resistance lines at S2.
Considering previous reaction to BTC drop (shown by the long red drop), conservative estimate would be either a drop or stabilisation of ETH at S2, before either a strong move down to S3 or a slow recovery and move up to S1.
S1 shows best case scenario, with minimal effect from BTC dip.
Market Speculation: significant numbers hedged in Tether on the previous drop, but considering the current negative press around Tether, we could see people looking to hedge in ETH or other coins. This is speculatory, but could see value held in ETH which would sustain a hold at S2 or move to S1.
Opinion not advice
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USD-BTC
#Vertcoin Daily Chart - Maybe it's good time to refill the bag#Vertcoin didn't hold the 6$ range as I been expecting to get as low as 3$ (that is 1/4 of the ATH reached). Having said that I personally see this as an entry point, both pairs show that although still in a bearish trend regarding Ichimoku cloud indicators, I think the price is on that sweet spot before making a run to test the lower level of Ichimoku clouds. Price has been also below the MA100 and will eventually get near and will try to cross over above it.
I'm still bullish on this project and this has been a natural correction regarding the big move #VTC had in the recent past. Project and community still growing and it's just a question of "when" and if you have the patience to wait for it ;)
BTCUSDT TA: Minor bulltrap then possible correction to <=7.5kShort Term: Bearish
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From my current analysis, I would suggest a final spike up to 14500ish is on the cards, followed by another major correction down to 7.5k.
Great opportunity to maximise gains if previously shorted and bought in low down the crash this week, with my target reached at a 9500 buy in.
The chart suggests the current bulltrap could last until end of Jan, but this is dependant on trajectory upwards and therefore at what point we hit the upper resistance lines which have proven reliable so far.
Note how both HL intersect with longer term resistance lines that trace back to previous lines of resistance - this indicates there may be strong players in the market who have set their buylines and sell lines over longer term trends (e.g. weeks/months charts) and are assuming a bubble market (which, to date, seems exactly the shape the market cycle has trended towards).
Therefore, target sell set at 14100 and target buy-in for altcoins/btc set at 7800. Less conservative strategies may wish to push this further towards resistance lines.
Also not position of indicators - MACD recognising a longer term trend, with SRSI and CRSI picking up the peaks. Will be noting SRSI and CRSI for short term trend changes at 14k, then looking for full alignment of all 3 to confirm final buy-in at approx. 7500.
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Longer Term: Bullish - we are in a large scale bull pendant in final phase. Expect rise following 7500 base consolidation.
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Opinion not advice
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#bitcoin daily chart - Testing Bottom? Possible push ahead?#Bitcoin has been having the long-awaited correction and so far everything looks normal. I think we're probably testing for the second time the current levels and I think the most probable outcome is the path "A". Personally, it makes sense to take that path but if that fails then the price may go down to test the lower support levels "B".
NEO USD ShortRSI is very high on all time frames and NEO has just completed a double top and failed to push past it's previous all time high.
I'll be laddering sells in from the current price and at every 10% above this point.
This is only how I will be trading, not advice. If you have any feedback or tips please leave me a comment.
Penny stocks: RoodMicrotec (5/5) Education + Spread!Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
First of all, many thanks for following and liking my ideas. As promised I provide you with some penny stocks today, but for the most part I keep focusing on the crypto analyses.
Education:
Do you know people who had to leave their home because they could no longer pay their mortgage after losing a job? I do. No matter how bad it is for them, these people have made a mistake at an earlier stage. Probably out of ignorance. Did you hear the stories about people who lost their money in the stock market in 2002 and went to drugs? I do. What if the crypto market crashes? Have you lost all your money? Then you have made exactly the same mistake.
The trick is to create multiple cash flows. A job, maybe two or trhee jobs, cryptos, currencies, interest, stocks, dividends, et cetera. When one or two cash flows are lost, you can still continue to live in your house. Otherwise you have still made a mistake by buying an overpriced house that you actually could not afford.
This is why I provide you today with 5 penny stocks that are technically right, about to break out and have a great profit potential for the coming years. Imagine one of these companies is a sleeping giant? Two shares rise a little, one falls and one company goes bankrupt? By spreading your investments you still have the jackpot and you have perhaps made a 1000% return or more!
Stock
The fifth and last penny stock is RoodMicrotec. I'm in this stock since 0.21 and I just increased my position.
We already broke out the old channel and we are trading in a new channel now (upwards).
Buy: Now or at the bottom of the channel.
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome!
New Monero XMR prediction ~ $5560 USD in 2018If as I predict XMR will reach the top 3 crypto currencies in 2018 it would have to have a market cap similar or greater to the Market Cap of XRP (ripple) at the moment of writing USD$86,629,637,881
If this is to come to pass the price of 1 XMR would rise to ~ $5559 USD (86,629,637,881USD divided by 15,582,824XMR)
This is an increase of 5129USD
Or, as a percentage :
an increase of 1192.79%
The bans and taxes on mining in China and restrictions on cryptocurrency use will only continue to push users and then investors towards well designed privacy coins.
Bitcoin is Gold, Litecoin is Silver and Monero is Digital cash
The ramifications of a $6000 dollar Monero would be huge it would mean nearly anyone anywhere could mine profitably with whatever hardware they have on their desktop/laptop. Browser miners would finally become a lucrative way of serving up content without ads and the overall distribution of the Monero would be fairer and more stable than any other currency on the market because ASICS will not exponentially increase difficulty making widespread adoption of Bitcoin and other currencies difficult.
#vertcoin and what I think it may happen soon #VTC #BTC #USDRegarding vtc / usd, price has been swinging around that 8$ range for a while and it looks like it's starting to change to a bullish trend/momentum.
The vtc / btc chart, it's always harder to predict because the bitcoin price swings have a lot of weight on the price of vtc/btc, but it's expected an uptrend but to that extended like in the vtc/usd chart.
USD BTC, 1 hour chart, Bitstamp, 50/200 MA flipUSD BTC, 1 hour chart, Bitstamp, 50/200 MA flip. Here on this chart we have 2 ellipses. The red ellipse represents a death cross where the 50 MA moves below the 200 MA. This is bad. Very bad. However the green ellipse highlights the 50 MA is about to move over the 200 MA. Conversely this is very good. Bullish.
BTC USD, Bitfinex, 1 day chart, fib and MA 50 analysis BTC USD, Bitfinex, 1 day chart, fib and MA 50 analysis: On 22/12/2017 we saw the price dip down a little below 0.618 on the fib retrace chart, before rebounding. At the same time the 50 day moving average intersected at almost same point as the fib/price intersection. This is significant on the daily chart. Moving forward a few days to today (25/12/2017) We see that the price range neatly fits between 0.382 and 0.5, bouncing off both bands. I am bullish. Think we will see 2-3 days more of this price range (Based in the Demark, which is time based, rather than price) before we attempt at a run at the all time high. Disclaimer: If they do a pump like they did in the last week or so, then all TA is out the window. RSI and MACD are already useless.