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NEO with bullish divergence on the dailyNEO has bullish divergence on the daily time frame on multiple indicators. Neo also had a bullish engulfing candle yesterday with a long bottom wick indicating signs of reversal. The outlook for the short term for Neo is bullish. This area also has a rather large high volume node as well as the point of control, so this would be a nice spot for Neo to reverse trend. The wave trend looks to be resetting, lining up for a bullish cross soon, and rsi is back to over-sold levels
Long
by That25RGuy
[Red Apple] 'Take a break~' _ BTC/USD _ 18.07.19I mentioned 'Wedge pattern' yesterday and bitcoin keep retesting trend line. Then, Let's start the analysis for today's BTC/USD chart. If you are busy, you can just read below briefly '1. Briefing ' '4. Strategy' '5. Summary' and click '+Thumb up, +Follow' :-) 1. Briefing # Shooting Star Candle # Move sideways # Resistance of Neck-Line on Bitflyer market(refer to yesterday briefing) 2. Day 1) Trend a. Bitcoin is going down slightly under trendline(blue line) on Log chart (->focus on today's closing price) b. possibility 2nd HL can be formed based on DOW theory 2) Candle Shooting Star -> means there's possibility going down 3) EMA a. resistance of 100EMA(orange)_about $7431.8 b. possibility 20EMA(red) cross over 50EMA(purple) soon 3. 4H 1) Trend Same as Day trend 2) EMA a. As I mentioned yesterday, the distance between EMA line and candle was too far and now it is becoming closer 3) Pattern a. Double top pattern and Flag pattern. Two patterns are continuation and reversal pattern. Therefore, check carefully. b. The target for Inverse Head and Shoulders is just there. 4) Indicators a. There is Hidden Bullish Divergence from RSI, Stochastics in 1H frame -> pay attention to 1H frame -> short term b. Lower band of Bollinger is touched so there's possibility to go up to base line c. This is showing quite clear visible for accumulated volume. As you can see, there is very low volume in Red box. If it is going down to the range, it can be falling rapidly. 5) Elliott Waves a. Same as previous 6) Fibonacci As I mention previous briefing, Fib.0.382 ~ 0.5(red box) range has huge accumulated volume and as expected candle couldn't penetrate this area. 4. Strategy 1) Bullish View : a. Same as the previous briefing, it still can be moved sideways. Therefore, focus on the pattern in low frame and take profits in short period. b. focus on penetrating 100EMA in day chart upward and support c. focus on breaking Neck-Line on Bitflyer market(refer to previous briefing) 2) Bearish View : a. Candle and trend line in Linear Chart has a little distance to spare but in Log chart those are almost stuck together. So, it's a bit confuse which should be considered. Therefore, keep checking change when one of them is took apart. 5. Summary As I mentioned previous briefing, it's keep retesting trend-line. if it keep hitting it, it can be broken. if already buy, be careful when going down under $7200 due to low accumulated volume. Or, if you still look after the chance, should buy after making sure whether penetrate 100EMA or Neck-line in BITFLYER market. If you help my idea, Click '+Thumb up, +Follow' :)
BITFINEX:BTCUSD
by Red_Apple
BTC – silence before the storm (rally)?Hi Guys. We are back after short break. As you can see there is no turnover on the market but… it doesn’t mean it is bad for the time being. Maybe people want to cool off a bit. Think BTC over. Read more about cryptocurrencies and blockchain. There are more and more positive fundamental information regarding cryptocurrencies. Our attention cought Commodities Futures and Trading Commissioner Rostin Behnam who made a powerful speech at the Blockchain For Impact Summit held at the United Nations in New York where he called blockchain technology a “modern miracle” Wow official clerk in the U.N. Summit so positive about blockchain. Here are some quotes: ““We are literally discussing a new world. Just as the founders of the United Nations spoke with optimism in 1948, so we may be hopeful about the future. Anything is possible. With your wisdom and guidance, we can transform this world into something wonderfuf” “But virtual currencies may – will – become part of the economic practices of any country, anywhere. Let me repeat that: these currencies are not going away and they will proliferate to every economy and every part of the planet. Some places, small economies, may become dependent on virtual assets for survival. And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations. We are witnessing a technological revolution. Perhaps we are witnessing a modern miracle” This is magnificient. Finally we are witnessing serious speech by a serious man in serious place in front of even more serious leaders. This speech can raise doubts. This can change way of thinking of the global leaders. If so they will change their legal proceedings towards cryptocurrencies. This is really GOOD NEWS. So don’t worry. Time is the key. We need patience. Future is bright. Coming back to the chart. Literally there is no turnover. If you have your BTC already bought, hodl it. If you think of buying wait till volume grows. We identified triangle shape – we need more volume to bounce it up According to the Visible Range we are below “fair” price and in the lower part of the Volume Area. Many people have bought their BTCS below fair price which is at this time span at 8299 USD level. We are over VWMA50 which is a good sign. MACD – positive info – positive convergence observed RSI – neutral level Weis Waves – no direction observed as there is no volume yet – keep observing. As you can see we have neutral and positive indicators. So Guys. Stay brave, stay cool. Be positive and vigilant. Act. Thank you for all support. You are the reason why we are making this. If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution! If you don't want to miss out updates don't forget to follow us! HUGS! WBM Team.
BITFINEX:BTCUSDLong
by WBM_Team
6
#WAN is a great buy right nowWAN is an excellent buy right now for both short and long term. Price is entering the demand zone and the last time that happened we bounced out very quickly. We are looking to make a HL double bottom pattern and then breakout of that downtrend line. I cannot see us going any lower than 5200 as many big players are bullish on WAN fundamentally and will buy up fast at a cheap price. VPVR indicates first profit taking zone will be 6500 sats and next will be 7250 sats, at the POC. Long term target would be 8000+ sats. I believe a WAN buy right now will give at least 10% in a few days.
Long
by UnknownUnicorn2999322
2
#WAN was a great buy at 5700 satsAt the end of everyday I check over the top gainers and do TA to try and understand why they went up. Wan today was a great buy at 5700 sats and I will explain why. First off, from a fundamental standpoint WAN is a great coin and any price under $5 is extremely undervalued. Second, on the left chart we see that WAN bottomed out at the 5700 range. This is because it is the strongest support because it is at the origin of the bullish movement, thus a 100% fib retrace. Also, Stoch was fully oversold as well as RSI. Lastly and most importantly, the VPVR. The VPVR shows a big gap which is why WAN was a risky buy under 7000 sats despite still looking good technically. In addition, we have a bigger order block in the 5400-5600 sat range, indicating a strong support. Obviously we would want to set bids a little higher to ensure they get filed. On the right chart, you will see WAN the 15 min forming one of the most bullish trading patterns, the double bottom. It is important for traders to see these patterns happen, if you see it happen while on a strong support and a big order block, then it is for sure a buy. As you can see once the double bottom formed, thus no lower low, price action moved upward quickly. If you bought at 5600 you would be in 15% profit already, great for daytrading. I hope this helps! Leave comments with feedback please.
by UnknownUnicorn2999322