CryptoMagician34

CryptoMagician34

Pretty Obvious channel on the 4hr. Long between 0.395 and 0.405 take half profit @ 0.51 - leave other half for potential breakout Stop Loss and enter short @ .391

CryptoMagician34

Chart says it all. Good Luck

CryptoMagician34 Updated 

4hr chart EOS has been consolidating between EMA 50 and EMA 200 for a week now. If BTC confirms breaking out of its downtrend then its likely most coins will follow suit. MACD just crossed down but is fighting to stay up. MFI shows movement up. Look for a breakout at the 9.9 - 10.0 range with the fib 0.62 as the first target. Unfortunately the whole market...

CryptoMagician34 Updated 

XRP on the 4hr Chart. Price has been consolidating between 50 EMA and 200 EMA MACD is hitting a support line that could lead to further upwards move and break out. MFI show upward movement. Downside is a break below 50 EMA

CryptoMagician34

XRP has completed a 78% retracement over 34 days and found its bottom. DAILY MACD has given a bullish signal Bullish divergence indicated by the red and green arrows with squeeze/momentum oscillator. Price has broken SMMA 50 for a second time. Targets are based on Fib but there really is no telling how good/bad news will affect the market in 2018 Buy zone...

CryptoMagician34 Updated 

ETH has bounced off horizontal and MA 50 Support Volume has been decreasing since the bottom reversal and we have entered a consolidation period where a breakout is nearing. This Trade could play out in 2 ways, Upside : Price Breaks through resistance at 850, Hits Horizontal resistance from major downtrend, tests resistance turned support at 850, and then...

CryptoMagician34 Updated 

Sometimes its a simple pattern, If BTC closes the day above the support lines in purple then we have a shot seeing a reversal. Daily RSI shows us that we have broken the down trend and BTC is ready for an upwards move, baring any more bad news. I am more worried about Tether being an issue than regulation of the Asian markets. Downside, If BTC breaks 9500,...

CryptoMagician34 Updated 

Symetrical Triangle that broke bearish , Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop. MACD is crossing down its signal line in multiple timeframes. STOCH RSI 4hr is overbought Order Books show a lot of buyers waiting at 8-9k. Follow the money !! If it...

CryptoMagician34

Chart speaks for itself. Not sure if we will see 8-9k because 10k is such a strong support. I am new at this so any feedback would be great.

CryptoMagician34 Updated 

Bear Flag in blue. Broke out, expect targets of 10k Triangle Pattern in red/green. Expect Target of 8.5K

CryptoMagician34 Updated 

Bear Flag has formed, there may be one more reaction high, Volume has been decreasing, MACD has crossed over Blue Line in the RSI is a main trend line from 1DAY chart. Crossing below the line signals continuation of the down trend. Price targets are based on the flag pole I am new at this charting thing so I could be wrong :) Good Luck

CryptoMagician34

RISING WEDGE on the 1hr chart. Expect continuation of the prevailing downtrend. Support at 8-9K. Volume has been steadily declining. 5000 BTC sitting at the 8/9K in the order book on bitfinex

CryptoMagician34

Fundamental and Technical Analysis As everyone knows, the entire market had a rather healthy pull back in the last 24 hrs. This provides plenty of opportunity. Early December of 2017 was when the media frenzy surrounding bitcoin really took off and the price of bitcoin deviated significantly from its upward trend. A lot of new investors got into the market at...

CryptoMagician34

1HR and 4HR Chart Bullish engulfing candle on the 1HR chart on the uptrend support line in red. 4HR chart shows Head and Shoulders, we need to break 15200 to confirm the bulls have it. Targets would be in the 18k+ range MACD, STOCH, and RSI all show room for upward movement. Otherwise BTC will test the support line again and threaten to drop to 8-9K

CryptoMagician34 Updated 

1Hr Chart, Upside - BTC Will trade sideways between 16500-17200 until it hits MA 200 and rebounds and moves to 18K. Downside - BTC breaks below MA 200 and moves down to 15k. If you are currently holding a long position use a stop loss at 16K Wait for Conformation of bounce before placing buy orders. You don't want to buy at 17.2k with a stop loss at 15.5k...

CryptoMagician34 Updated 

Price and MA 200 are about to cross the downtrend line. Buy orders at 245 usd Stop Limit 230 USD Where ever BTC goes, So too LTC follows. This is also my first TA. Good Luck