JustChartThings

JustChartThings

The trend is your friend... rules are made to be broken... Choose your adventure wisely! $BTCUSD

JustChartThings

50-52k maybe front-run this time around, but doubt we see further downside unless market action fundamentally changes within the next week.

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Probably jumping the gun a bit, but for a high time frame this scenario would likely be quite painful for the crypto market while still fitting into a long-term buy. It's become universally accepted that the halving should result in a break to new highs, either immediately or at some future point. Almost of biblical significance and as the prophecies foretell....

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I'm not the original person to notice the parallels between the monthly chart of Gold and the weekly chart of Bitcoin, but the current conditions of the market warrant a revisit of the comparison. What the comparison ultimately shows, to me, is the acceleration of human perception of Bitcoin, relative to Gold, based on price action - and the inevitable period of...

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bottom play from 200 to 300s. Rising RSI on this consolidation pattern implies the move will be to the upside. Wicks can definitely stop you out given the lack of general belief in a local bottom here and lack of liquidity. Nevertheless, entries near 200 would still provide nice R/R for the breakout.

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catalyst for a trend change? Who knows. But the chart is simple enough, showing the USD market (available on Gemini - perhaps eventually coming to Coinbase?). $100 should be a strong psychological support level, established in the spring of last year. Not much to say, look at the volume and wait to see if we see weakness or strength around the same...

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showing bullish price action on declining volume, evidence of healthy consolidation for a move higher. Compare the two consolidation phases' volume/price profiles, which supports the anticipated direction. R/R decent near 3:1 if you need to use hard stops. NMR has been hanging around $5 for a while now, so a doubling to close to $10 would be the near-term swing...

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levels for continued strength. Currently trading around $0.80, the nearest discernible level of strong resistance is likely at $1-1.10, with support around $0.70 - making the closest R/R levels not very appealing currently, but may be the best chance you get for any increased demand when Coinbase trading opens (under the assumption that there is demand on the...

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in the coming days/weeks - good possibility to establish a high time frame bullish divergence based on RSI. Similar to the recent #ETH strategy I posted: 200-220k Sats region that I'd be interested in bidding at, which should be an area of continued high demand based on 2017 EOY demand level shown.

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with generally strong fundamentals, TUBEBTC has some nicely defined levels to add on a breakout around 1500 Sats. Target around double from here at ~2600 Sats, which would be ATHs for the MC, tested in April and June of this year. Never took part in last years alt boom, so also looking to hold onto a core position long-term since the coin has a real use case...

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blindly buy the pump - look for risk limited areas of entry even if you're a strong believer that a Coinbase listing will grant you profits. To be honest, exchange listings are too 2017 with respect to their real effects on price levels - don't get me wrong, liquidity is important. However, consider that the entire cryptocurrency market is currently...

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higher into larger zones of supply. Risk/reward pretty good still on this one as there hasn't been significant attention here yet. Bullish RSI divergence not quite as strong as seen for DCRBTC but still visible indicating there should be follow-through on a move toward the first target.

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potential reversal zone for high-time frame (daily) traders. Levels established by initial demand zone after Q1-Q2 2017 ramp. Interestingly, this area would likely print a RSI higher low, on a price level lower low which would also be a bullish indicator - looking specifically for lower volume on the selling following by rapid demand and expanding buying...

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Price action is a bit boring over the past couple of weeks in this channel, though some high volume bursts could indicate accumulation (note this also happened in earlier areas which subsequently gave way to lower prices). However, the well defined channel and stop loss level paints a nice picture for triggering a trade targeting the top of the channel. Simple...

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showing bullish RSI divergence but still weak volume. Recent BTC and ETH levels have been causing some uncertainty in the strength of the current market, but that's what a stop loss is for - combating that emotion. Not the greatest R/R levels here on this trade, but it might get better as the day goes on - anything entry closer to 200k Sats makes the trade more ideal.

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Of course with the USD chart influenced by Bitcoin's performance. However, NMRBTC chart is similar, currently at the typical retracement for a handle (~50% of the height of the cup):

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an attempt at bottoming around these levels. First price target around 800 Sats would be a good profit level, but 1100s could be possible for a swing on continued strength. For a longer-term horizon I would like to see SKY get above 800s and show signs of support at that level - recall the fall from 3000s to 1000s happened very quickly and likely caused a lot of...

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inevitably, strength. Numerai has been doing a great job of ignoring high emotional content and focusing on its roots as a cryptocurrency. Their marketing is significantly lower than most other coins with an already established usage case. However, the potential bottoming shown in the chart is simply a reflection of the general discount in price as reflected in...