The only reasonable decision to go long here is if you are betting on this type of scenario. Then yea, we got 155%+ upside potential from 34500 and 43% downside to previous ATH. The risk/reward ratio is there to buy some for the long term. However, not saying we will not reverse here and go down - because anything can happen. I would happily buy more below 20k,...
If we reverse here for the longer-term, won't be surprised to see 20k and 12k this year. If we continue moving up, even after reaching 100k (if that does happen) long and painful downfall to 20k is still valid.
Let's see if this triangle will be the beginning of STF trend reversal.
Probability is high we are going lower, however on Bitmex chart inverse Head & Shoulders lowest point for this to be perfect and valid is triggered, it needs to hold 6100, otherwise gtfo of trade and this setup probably is not valid. Bullish divergence on hourly chart meaning to expect some upside momentum either way - if we are going to crash before 6900 or...
Despite this pump today, 200 SMA is starting to trend down after previously supporting price 3 times before breaking below it, now I view it as massive resistance. In coming days, if price is not able to break above 6800 level, bearish divergence is in play and it would mean that trend change in 1h and 4h charts actually is nonsense, while a massive bear flag is...
On Ichimoku, there is actually bullish crossover on 4H chart and price finally broken that red cloud and downtrend, however, for me to be bullish on this, we have to break 7800 level and stay above it, confirming that this consolidation for a couple of weeks actually may be a massive support, however, to be able to say that bottom is in we need to see a drop and...
Tested RSI oversold zone for the third time in 4 months, very likely for the price to go above 8000, you can see my resistance points in a chart, then expect a drop below triangle slowly and painfully till panic will kick in to bring the price down to 5k. MACD also ready for bullish crossover.
Bearish divergence on 4h, 12h and daily chart, price bounced from one key retracement. Bad news soon for Ethereum, I feel it
WOW! Look at that volume! But hey... If I'm into buying EOS, this better to be Elliott Wave impulse with ongoing wave 4 right now.
Not the greatest time to jump in, be we are willing to wait and ladder in!
I don't get it how nobody sees this one as a triangle. In very short term good to go long and sell below 9000, 9400-9500 is where you try to jump in short position. Currently, RSI - oversold on 4h chart, bounced from 0.618 Fibonacci Retracement, short-term long opportunity. Ichimoku lagging span crossed cloud from up indicating a bear trend and very likely zone...
Looks like Elliott Wave 5 right now, wave 1 - extended. Correction expected after reaching 10200 level.
AION currently testing 38000 sat level as support, low on Bollinger Bands, far below moving averages, RSI - oversold! Looking forward to sell on 0.382 Fibonacci Retracement! If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram! If you want to join our signals and get these ideas first, feel free to PM.
Once again 4-hour chart for Bitcoin sorting out bullish regular divergence on RSI and price action showing a high possibility of forming a symmetrical triangle! If so... Wave E is coming and then we will see what happens. Would be healthy for the chart to drop to 8000 levels, but the symmetrical triangle can go in any way as a neutral pattern. While Bitcoin...
Bitcoin bounced back precisely from 0.382 Fibonacci Retracement, now trading below 9000 levels sideways, good news for altcoins if this happens longer than we expect, but not likely... Trading into a parallel channel, won't be surprised if spike happens soon to test again 9700 to 9950 levels, which is below 10000 $ psychological resistance. RSI showing us regular...
Should be a quick trade that takes no longer than 3 days Current price: 0.01617 Target: 0.017149 Stop-loss: 0.01559 Binance / Bittrex If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram! If you want to join our signals and get these ideas first, feel free to PM.