Monero Analysis: Bullish Momentum to Continue?Monero analysis for today is carried out on a 6 hour timeframe. March 5 2018 to current date shows that Monero has maintained its bearish trend inside of a channel.
Monero most recently broke below the bottom of the channel temporarily to reach a price low of $37.18 on December 15, 2018 before returning back into the channel.
The minimum expectation for the current bullish momentum in Monero is for price to reach the upper limit of the bearish channel.
A logarithmic scale was used in this Monero analysis and therefore requires switching back to an arithmetic scale to make any physical measurements and/or projections on the price chart.
Fx
Turnaround or a third waveOur pair rose to the level of 1.1480 and then turned around so that we observed a false breakdown of the level. At the moment, further movement in the pair should be taken into account. Despite the Fed raising interest rates, the dollar continues to weaken.
Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market after confirmation from the technical indicators.
Turnaround or a third waveOur pair rose to the level of 1.1480 and then turned around so that we observed a false breakdown of the level. At the moment, further movement in the pair should be taken into account. Despite the Fed raising interest rates, the dollar continues to weaken.
Therefore, it is necessary to wait for a new breakthrough of this level. We advise you to enter the market after confirmation from the technical indicators.
VeChain analysis: Bullish move on the horizonJuly 26, 2018 price action to current date is shown in this VeChain analysis. A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC.
Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the current downtrend line would also argue for a bullish bias.
0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.
Trading levels 12/18/2018Nice volatility in the markets today, we will expect a little bit of the same tomorrow, but we do have some news from the Feds coming this week, and that might change the speed of the market. For tomorrow i like R1 as a nice place to start some shorts, and if the markets keeps moving lower i will be looking to at S1 as a possible place to take some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Look what I stumbled onI was circling through commodities (put BTC and ETH in my commodities watchlist, what are you going to do about it?), and I saw this.
Quite peculiar init?
Is this a thing now?
Maybe it is christmas early?
Too much volatility kills the volatility.
Got my eye on GBPUSD too. Different story thought. Might be soon, something to do while waiting for the rest.
I think it will drop another 200 points or 1.5% in non retard units ( ;] ), then reverse. There is no "capitulation here". I only buy the dip if it slows down. Hammer or something.
I have a feeling they are all going to move at the same time? Oil got a little "advance" on Bitcoin, but not much.
Please no. Please not nothing for weeks then all at the same time.
Good thing I also look at stokesss.
By the way, looking at plenty helps get a bigger picture I think, and also avoid being married to something and overtrade and be delusional like cryptards or stock bagholders.
It's "harder" of course thought, better for full time nolifers that can follow plenty of things at the same time. So I don't know if I actually recommend this.
Works for me... Oh wait I failed my last long on BTC entered too early even thought my target had always been 3666 I waited MONTHS for this I forgot and ended up entering >4000.
Ok bad advice don't look at too much different charts :'D
Have to be organised with notes and everything...
Bitcoin has moved sharply higher
Bitcoin has moved sharply higher alongside the broader cryptocurrency market, with the BTCUSD briefly trading above the important $3,500 level. After finding a price floor just above the $3,100 level, the BTCUSD pair may be in the process of forming a bullish inverted head and shoulders pattern. Despite the recent rally, a minor technical correction lower towards the $3,300 level cannot be ruled out.
The BTCUSD pair is short-term bullish while trading above the $3,600 level, key resistance is now located at the $3,800 and $4,000 levels.
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EURJPY analysis: Important info. to keep in mindOver 9 months of price action is shown in this EURJPY analysis on a 6 hour timeframe. A double bottom pattern which is ideally bullish did confirm when price closed above ~130.40 on September 13, 2018.
EURJPY price action onwards is captured in this analysis using a bullish channel that is tentative. 127.64 and 126.96 indicate support for the EURJPY so that price breaking below support implies more downside or bearish strength in the EURJPY.
On the other hand, any bullish momentum is anticipated to reach 131.15 or 134.93, with both representing the channel lines for the bullish channel.