Ripple (XRPUSD) Long OutlookLarger view shows consolidation. Ripple broke out of healthy downward wedge consolidation pattern after consistently meeting fib levels. Recent pattern resembles Inverted H & S, suggesting change in trend direction, long term. Ripple poised for a breakout after breaking through key resistance on this final stage before uptrend. Hypothesis is some slight downward price action before uptrend resumes. Next targets on fib levels. Short term appears to be around $1.40.
Kraken
Current XMR resistence. Bullish if we can get to the other side.If XMR can break above this liquidity pool that it has been constantly touching and rebounding off of, we could get an ATH test.
The top of this resistance zone (grey) is the local high from the bull run from 3/2. Additionally, this top was tested again on 3/3 before price ran down to the current support zone around 0.0305. I have the bottom of this pool set at the highest close before price ran down to the bottom of this consolidation zone, where we seem to have found local support (blue).
If we can get a close above this resistence zone, XMR may be able to run up and test ATHs. If it gets rejected again, it will likely run down to the local support which seems to be established around .0305.
**The above should not be taken as financial advice.
Litecoin is setting up...Wedge consolidation coming to an end.Litecoin is currently retesting previous resistance. I’m Looking for it to find support at around $208 - $210 levels before it breaks out of this wedge and climbs back up to $230 and higher. In my opinion it’s a good buy right now. My take profit is set at $230 for now, I have buy orders in at $208, and my stop loss is set at $202. If I get stopped out I’ll be looking for the next price action buy signal. Even if you aren’t day trading it’s still a good long term buy and hold at current levels.
XBTEUR, BTCEUR (Kraken): A few days correcting and then up againI'm new in Trading Analysis, and I have no formation, but here's my guess.
After a multiple time frame analysis to MACD + Stoch RSI:
Next 1h: down
Next 2h: down
Next 4h: down
Next 8h: down
Next 1d: down
Next 2d: down
I think it's not going up for longer. I presume it could go down for a few days and then grow up again.
My suggestion is: Short by now, protect your positions
Let see!
Best of luck for everyone.
BTC - have the bulls returned??This is not intended to be financial advice - just my honest opinion of where BTC may be heading based on it's previous motion.
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The bulls have made some progress. But, they have a lot of work to do if they are going to win the battle against the bears. I still see BTC in a trending downward within a strong channel outlined in thick yellow lines. We are currently moving up in a channel outlined in green.
Should we continue in the green channel, we will break out of the major yellow channel. This could be a significant development, signaling the potential return of a bull market.
Should we break out of the green channel, we may continue to see bearish movement, pushing us to a low of 6K.
Please, feel free to comment, and share your thoughts.
LTCUSD going down before going upHi there. Literally just 2 weeks into learning TA, so please be kind. Using Elliot wave, I think KRAKEN:LTCUSD is entering a new phase and will be seeing confirmation of an uptrend soon. Combine that with news of Litepay, and I think we're all in a good spot to ride an upward wave.
Again, I'm here to learn. Any useful pointers on how to improve my charting and analysis would be very much welcome.
Thank you.
BTC - reaching critical point in descending triangleThis is NOT investment advice - just my personal opinion based on BTC's latest movements. I could be totally wrong. DYOR.
On the 45 minute chart, we see a clear descending triangle, in which BTC is moving. I believe BTC will soon break out of this triangle and head towards 9000, where it will bounce. I don't expect a bounce above the bottom of the triangle, as it will become a support once it has been breached. Therefore, once BTC breaks out of the triangle, I see a slight bounce off @ 9k upwards, then a bounce back down off @ 9150 - 9200.
I see the upcoming downward move as wave 3 within major corrective wave C - big picture.
Still undecided on whether or not to try to play one of these intermediate waves. I'm relatively new to wave / fib analysis. But, my confidence is growing.
Should I give it a shot?
All comments and critiques are welcomed.
BTC continues downward trendThis is not financial advice - just my personal opinion on BTC's movements and where it might go in the short-term.
BTC continues on a downward trend, as expected. It's traveling within a clear channel. I believe we are currently on the 3rd wave of the C pattern. If a 1:1 extension is achieved, we will hit wave 4 and bounce up slightly at @ 8800.
Because I'm relatively new to EW and FIB chart analysis, I'm still riding my short from @10200. Initially, I planned on riding it all the way down to the end of the C wave, which I see as @ 8000. However, as my confidence grows, I'm considering playing the 4th wave up for a few % points, and then jumping back on the 5th.
Comments and critiques are very much welcomed!
BTC outlook for the next 24 - 48 hrsThis is not financial advice - just my opinion on BTC's movements in the near future. Based on the current downtrend, I believe we will see BTC reach 8500 - 8000 levels before a possible return to a bullish scenario. I am currently riding a short from @ 10200.
Please, feel free to comment.
LENDUSD ETHLEND. LENDBTC LONG PLAY AND SLIGHT ANALYSISWon't give a long drawn out detailed analsis at the moment
but the green are buy zones. and the red is resistance
i used fib to draw all my stuff
when last impulse wave finds support generally you can count on an retracement upwards to the 30-38% fib retracement even if its gonna fall back own
the 38 fib is also known as the dead cat bounce but the market provides us with oppurtunity 24 hrs a day
LTCEUR BUYCorrection of LTCEUR in the third wave.
Historically C waves (3th correction wave) are rather shallow for cryptocurrencies. Therefore first moment to go long is between Fib 0,5 and Fib 0,618. If retracement will go as Elliot predicts, it could reach 95 euro.
Buy zone 1; 165 - 140
Buy zone 2; 91,5 - 81
Put your purchase limit based on your risk portfolio.
Happy trading
What happened on Kraken on January 13th?As a complete beginner, am starting to try to find my way among exchanges, charts, TA, and other stuffs. I would like to understand what happened on Kraken the 13th of January, 2018, with XBT (BTC).
On the daily XBTEUR chart, we can notice an insane candle jumping up to 20k EUR. Seems there is a high high shadow on the XBTUSD that day too.
Volume doesn't look crazy that day.
Would some be able to explain me what would that mean? Any mistake from a retail trader, like mistyping, or something like that?
self made BTC INDEX BITFINEX,BINANCE,POLONIEX,BITTREX n etc.Here is mine BTC index. This is first propose, so nothing special here.
Data from coinmarketcap. Index counted as a simple average.
# Source Pair Volume(24h) Price Volume(%) DATE & TIME request
2 Bitfinex BTC/USD $497 589 000,00 $9 250,00 6,73 04.02.2018 0:52:29
4 Binance BTC/USDT $257 805 000,00 $9 221,14 3,49
7 Bitstamp BTC/USD $160 078 000,00 $9 235,99 2,17
19 Kraken BTC/USD $74 959 600,00 $9 177,40 1,01
22 HitBTC BTC/USDT $61 812 700,00 $9 256,26 0,84
25 Poloniex BTC/USDT $51 543 300,00 $9 222,20 0,7
26 Bittrex BTC/USDT $51 241 800,00 $9 202,51 0,69
Total $1 155 029 400,00 $9 223,64 15,63
Also i've added BTC prices from all exchanges to compare deviation from index.
Also i've added fibonacci as a propose to analyse index, also here is price corridor.
ICNETH (KRAKEN) / Feb. 2018 / KRAKENICNETH (KRAKEN) / Feb. 2018 / Kraken Daily updates on the chart!