Bull pennant detected in $NANOBTC It's an opportunity for further growth to 4.000 sats area.
Recently we experienced a trend inversion in $btcusd? But the question is always the same: it was a correction of 2018 Bear Trend or we are in a new Bull Trend. If we are in a new rising crypto wave, the actual correction is ending: we have bounced already from 7.500 usd or we will bounce from 6.500. Otherwise we can go deeper in the 5.000 range searching for good...
Prepairing for next #crypto pump wave, let's look at monero levels. If we #breakout, first targets are at 180 - 200 usd level, but if the wave will be strong we will see much higher targets around 230 and 300 levels. On the risk side, the last hope is around 80 bucks (-40%) from actual BITFINEX:XMRUSD
With Bitmain Z9 mini and Innosilicon's A9 new miners coming to market, it's probable that $ZECUSD price will be pumped, aiding the selling of this #miners. So we're looking for next possible target levels of BITFINEX:ZECUSD which are around 270 - 300. For further longs we'll need to break through 400 may maximum. On the downside, we are near the deeps, so risks...
The long awaited new #crypto wave is coming. So we're trying to breakout from the deeps. First suitable KRAKEN:ETHUSD targets are around 600 and 700 usd. At risk side, with low summer liquidity/false start, we can retouch 350 zone.
Now we got the opportunity to see BITFINEX:BTCUSD breakout till 13.500 maybe more. We can increase the position (on #bitcoin) now and at the last fibo ray 7.500 expecting this #breakout. The main risk is to fall deeper till 5.000: I see very low volumes at this range and sometime it happens that the price is attracted by this low volume ranges. So it's important...
If we look at the log scale, it seems that we reached the deeps of Ethereum: -67% from january highs. Last time we got - 68% drawdown in june 2017 on COINBASE:ETHUSD , so we must be there. It's also possible that we will experience a short move deeper in the 400 support zone and than new bullish trend will begin. In alternative we will continue slipping slowly...
IF dynamic 6.000 support will be broken and the media background is very bearish, we will have the OPPORTUNITY to buy #bitcoin lower at 5.000 - 4.6000 range.
So it happens before 31/12, seems that up trend is engulfing itself... We think that first targets to buy BITSTAMP:BTCUSD are around 14.300 and 12.500 usd. If the selloff continues, we can easily reach 10.000 and lower levels. Head&shoulders formation is also developing and promising further retracement.
And finally we got it: big decisive #PUMP of Nem BITTREX:XEMBTC (in USD we reached 0,65 USD per NEM !). So what we can do now ? We can expect a formation of a triangle, buying the lows of it (under 23% fib), and wait for the breakout of 50% fib for the first targets.
It's an interesting new promising project, but how it looks in the charts ? We can buy BITTREX:ADABTC now in this forming triangle around 700 sats. Our "last hope" in case of drawdown is around 333 sats at 80% retracement from the pump. First targets at 1.000 - 1.100 sats in case of triangle break out.
Jokes apart, let's look at the levels of #Ethereum. Now I'm looking on KRAKEN:ETHEUR pair because looking at POLONIEX:ETHBTC is meaningless. In this highly volatile period we can try to buy it in the 350 - 340 zone (in euros) and first targets are at 450 , but if you are a true follower of Vitalik: just #HODL.
The chase...is better than the catch! How much is the fish? BITSTAMP:BTCUSD Semms that if it will ever retrace we can catch it at around 9.300 and at 50% fib around 8.300.
Seems that POLONIEX:BURSTBTC is charging a bullish triangle. We can expect a breakthrough near the end ov july 2017.
The situation on BITSTAMP:BTCUSD looks similar to previeous retracement that occured in june: from 2.980 till 2.113 (- 38%), now we got a september retracement from 4.970 till 3.000 (-38%). The smaller retracement wave in june was from 2.790 till 2.300 (- 17%), now we could have a smaller wave from 4.700 till 3.900 (-17%).
Surprise from POLONIEX:BURSTBTC ! Reached 800 sat 1st target, waiting for 1000 sats and more.
BTCUSD is heading for 2.000. Seems that the expected retracement to the 1.500 level will wait. BITFINEX:BTCUSD
Next target around 1.400 After we'll get there, some hard retracement is expected around 1.200