BTCUSD: on it's way to 8500USD?Just my thoughts and what I'm looking at.
BTCUSD on it's way to 8500USD (green box on the chart)
TA
"MDB" Making higher lows. Setting up to test ATH10MA crossed 20MA yesterday.
MACD also followed the same pattern.
RSI(14) is around 60s
CCI(20) is around 118 (Kinda overbought but still continues)
BB also tightening which also implies a move coming.
First level $176.84
If pulls back to $160, Enter
if not, stop buy at $167.85
A Gulden opportunity! Resistances at 350 and 500 sat.As is the case with many other alts, Gulden (NLG) suffered hard from BTC's bullrun.
Now has the time come for Gulden to shine once again.
Looking at the 1 year chart and the MACD, MA-cross and the RSI, we notice that Gulden is almost on it's way to the 300-600 sats region. Buy at these low sats as we are heading towards the first resistances at 350 and 500 sat. If we break these resistances, FOMO can come in play and we may even see the 1000+ sats once again. The developers let us know that in less than 2 months time we will see Phase 4 go live with the use of a new Gulden specifically alteration of Argon2 algorithm.
Fractal comparison for bitcoin, bear or bull? Bear!Hey, guys
Just a few minutes ago, bitcoin surge about 1000 USD from ~ 9200 to ~ 10400. lots of pain for bears, especially whom holding high leverage short contract.
But when I check the fractal for bitcoin, there is a pattern very similar to current chart, which happen in 11.Mar. 2018. The similarities are:
Double top in 4H time frame.
Bitcoin price break down the neck line of double top.
Bulls tried to break up the neck line, but failed, price drop again, but high low formed.
Price surge more than 1000 USD in very short time, and break up the neck line.
RSI indicator pattern, pls refer to the chart, it explained itself.
This activity (break up neck line suddenly) is try to liquid all of short contract or short holding. since large short holding are the resistance for drop(shorter will buy back in the lower price, buy activity is the resistance for shorter itself) . In traditional trading, most of shorter will open short contract after the price break down neck line, and set stop loss above the neck line. This is also the difference between traditional trading and crypto currency trading, how to beat the market always an art to learn in lifetime. Keep patience!
Pattern fail scenario : when price break up ~ 11300 with decent volume. if that happen, I will liquid the left of my short position which from ~ 12000.
Success pattern : price drop below neck line again ~ 9700, that means bleeding for longer incoming.
This thread just an interesting comparison base on my observation, not a trading suggestion. If you thought it's interesting, pls give me a like, many thanks!
Microsoft Short OpportunityMSFT just set an ATH, expect a healthy retracement to top of Ichi cloud/.236 Fib line
Not much else, just using assumptions.
ATH set, expect a healthy retracement or else overextension will occur and a large drop in price will ensue
Netflix Short OpportunityMFI reads highly oversold, indicating a reversal in the downward trend
Expect resistance at either the pink line ~$332 or the TD line ~$328. (Green arrow ends at TD line)
Once price is rejected by resistance, we should see NFLX find support at the yellow line ~$313.
Trend could continue downward but there is strong support from the Ichimoku Cloud that could keep price up
Possible long to fill the horrendous gap it just created after support is tested.
Bitcoin AND the Libra Hearings! This will indicate the future.While some are saying that these declines are corrections, others say its a bear market.. but, I say it has a lot to do with the recent threats of cryptocurrency regulations and the Facebook Libra hearings. Keep an eye out, because Libra was put on pause until Facebook can be grilled about Libra. Libra isn't the issue, but regulations are. Just like stock markets decline on Fed Minutes, earnings, jobs reports... the crypto market is also awaiting these hearings.
I suggest to get out of the markets until there is a clear decision made on Libra and proposed regulations. If Libra gets the green light, get in, because the entire crypto market will definitely rise back up. If they decide to ban Libra, and regulate.. for SURE we'll see new lows. If you're out of the market, you'll be safe. Let's hope the Financial Senate Committee. Unfortunately, the first day of the hearings weren't great as headlines read "Senators aren’t sold on Facebook’s Libra project".
[Bitcoin warning] Rising wedge after rising wedge, down!Bitcoin pattern: a rising wedge after another rising wedge, this usually indicate the uptrend may end soon. potential down.
Bitcoin, where is the end of correction?Just as my last update mentioned, bitcoin correction is near, but I don't anticipate the final high price can reach ~ 14000.
After FOMO from crowd, the price soar like a crazy cat, but now we also see the correction after FOMO.
There is an important question: where is the end of this correction? I'd like to guess the correction bottom from several aspect for your references.
Correction percentage:
Let's have a look at the history correction percentages for bitcoin in bull market:
From : 25.Aug.2015 to 11.Nov.2015, price soar from 198 to 502, and then correction to 294, Correction percentage: 68%
From : 16.Jan.2016 to 02.Aug.2016, price soar from 352 to 778, and then correction to 465, correction percentage: 73%
From : 2.Aug.2016 to 11.Jan.2017, price soar from 465 to 1140, and then correction to 751, correction percentage: 57%
From : 12.Jan.2017 to 25.Mar.2017, price soar form 751 to 1298, and then correction to 891, correction percentage: 74%
From : 25.Mar.2017 to 16.June.2017, price soar from 891 to 2980, and then correction to 1830, correction percentage: 55%
From : 16.July.2017 to 14.Sep.2017, price soar from 1830 to 4979, and then correction to 2972, correction percentage: 63%
From : 15.Sep.2017 to 12.Nov.2017, price soar from 2972 to 7888, and then correction to 5555, correction percentage: 47%
As you can see, the correction range in , average correction percentage is ~ 62%. This number is very close the fib number. So my predict is ~ 7300 with 62% retracement. And from the history, we can observe is that almost every retracement percentage is more than 50%, so 8600 is the price level that we may expect break at the first stage. and then 7300, and then even more retracement with 70%, price ~ 6500, which is very close the current weekly MA 20. but I don't think this price level can be touch in this time of correction.
First target ~ 8600
Second target ~ 7300
Third target ~ 6500
And then, the question is how to trade?
If you're a long term holder, buy bitcoin periodically after price break ~9000. if you're a short term trader, follow me, I will try my best to update the latest TA info.
My investment plan:
I have two type of investment into crypto: long term holding and short term contract trading.
For the long term part:
1/3 fund buy ~ 8600, 1/3 buy ~ 7400, 1/3 prepare for the potential drop below 7000.
Watching closely for the daily RSI, if it touch or near 30, I will buy some of my fund immediately.
For the short term contract trading.
since I'm holding the short from ~12000, and I'm still hold all of short contract, in the end of this week, I will consider to hold or close depends on the TA.
Enough to go onIt's been a quiet year, not for lack of attention, but either nothing material has changed, or the information hasn't been indicative.
Short term - going down.
Medium term - range bound.
Long term - $13,000 will be the new floor.
$13,000 USD has turned out to be a key level. It's a 1/3 FIb retracement off the ATH, and the current Fib. retracements off of $13K match up very will with other trending supports - $10k, $9k, $7.5K, $6K and $4.5K.
I"m giving even odds that we tickle $7,500 before year end, and likely before September. Don't see us going much below that, except for maybe a brief visit to $6K, and it's unlikely to touch $4,500. So of my BTC purchasing power, I'm putting 10% at 9,5, 20% at 7,5, 50% at $6,5 and leaving 20% uncommitted. I don't think we'll touch a lot of the bottom, but we're going down before we go back up.
BTCUSD Bullish Penant on H1Target is the wave 5 1:1 extension.
Not much else to say about it but we keep going up. Will update with smaller movements so please don't forget to leave a like so you get notified when I make an update. I realised that even if you follow someone, you don't get emails when they update ideas by default, but if you like the post it does notify you!
LTCBTC zoomed outLeaving this mostly up to self-interpretation. Looks like LTCBTC is building some support on the lower blue trendline after collapse in the last few hours. There's a longer term trendline below that still that could act as support, though I hope we don't go that low, nor do I think we will. If we close this weekly candle above .11 that could be slightly bullish for me, but we're still below significant EMAs that only took a matter of hours.
Speaking of EMAs, the 50w and 200w EMA have been getting closer recently, but there has not been any gold cross yet, which means that the 200 could reject passage of the 50 above it, being somewhat bearish.
After all is said and done, now is a better time to buy than a few days ago.
Bitcoin - Swing tradersBe very careful in your positions if BTC is on a timeline. Sharp moves or trend reverses are expected.
Remember, timelines can speed up the trend too. But in the right situation.
For example, Think about a bull trend. after several bullish candles, we have some low energy candles or even sideways move and after that, we reach to a timeline. In this case, we expect nice bull moves again.
MONSI, WHAT HAPPENS NEXT? - people as me.What up guys!
Let's get straight into it:
We see a clearly bearish flag on the 4-hourly-BTC-chart that formed the last weeks (orange).
Normally we would expect a correction after a bear flag, however a bullish pennant started forming in that bear flag,
which is in fact a pretty bullish sign. Also by looking at the MACD, which is about to cross, we see another bullish sign in the short-term.
Though seeing a short-term uptrend, there are a lot of resistance levels to stop the optimism (red zone).
By looking a the upward opportunities for BTC we also should look at the 50-MA as a strong support line in case of a move downwards.
If the bullish pennant breaks, a short term correction to the 50-MA and even lower to 8070$ (green line of FIB) is highly possible.
As always, just invest what your willing to lose.
Peace out!
Monsi
Gold break the resistance? add to watch listGold reach the ~ 1350, which is the major resistance in the latest years. I'm watching closely for the potential beak, and take in to consider the macro economy, lower interest ratio is the trend for latest future.
Let's see if break & hold above 1350 can be realize or not. take action accordingly.
O BTC pode estar num outro canal de altaO BTC pode estar num outro canal de alta que pode fazer o preço chegar acima dos 9000.
A EMA de 200 no timeframe de 4h é bem respeitada pelo BTC desde sua subida do início do ano e rebateu o preço pra cima novamente, na região dos 7600.
Vamos ver se o BTC aguenta o fundo desse canal e se recupera nos próximos dias.
NPXS - Geometrical TAThese are important support and resistance angles. If I wanna talk more advanced I should say these are the levels of momentum.
You can buy it after breaking the 11 resistance.
$XRPUSD - Bullish pattern developingI'm no EW expert so don't hit too hard.
This might just be what tons of other TA analysts see, but that's my view.
We might need to wait for another week to get a confirmation.
But, ultimately, $XRP will grow, now or later, that's just a matter of time and tons of patience.
I'll try to refresh this idea every day if possible.
Feel free to comment or add any other info/view to this analysis !
One Year Chart On My Previous Head and Shoulders PatternI have updated this chart slightly with some potential targets/resistance.
Most importantly I have zoomed out.
I added a fib retracement after my manual resistance lines.
Lots of room for it to still go up.
Bitcoin Weekly Technical AnalysisTD Sequential Indicator is on a green nine, which is a sell signal, predicting one to four weeks of downside before the the continuation of the trend. The bearish signal comes after bitcoin reached the setup trendline at around $9,000 and found strong rejection around this area. The current candle is preceded by a reversal candlestick, which adds credibility to a possible retrace.
