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Confluence

NEO/BTC - 2/20/2018NEO/BTC has started an uptrend at the beginning of the year. After this bullish push, it has entered a period of consolidation where it created a pennant. This pennant has been forming for around 3-4 weeks now, this means that the pennant may not be as accurate, although, will still be able to be considered a symmetrical triangle. Shown on the chart is the breakout of the flag rather than the triangle. Due to the chart being in the daily timeframe, I have set it up as a more long-term outlook. That means that even if the magnitude of the breakout isn't caused by the flag, the final target level for the price at this time frame is still around the price of 0.02221 indicated by the 161.8% fib level. The level that the breakout is expected to start is also using the Leading span A of the cloud as support along with the support level of 0.011607, formed during the forming of the triangle. The price reached under this level in the form of long lower wicks, but never closed under this level more than once. The levels that the price is expected to reverse from in the case of a bearish break, are the leading span B, 50% fib retracement and the 0.00875. This confluence leads me to believe that the price will struggle when trying to reach lower lows past these levels. Important Resistance Levels: 0.01481, 0.01382 Important Support Levels: 0.01161, 0.00875 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM
XRPUSD: Long to resistance at Fib and Gann Fan confluenceSo XRP is putting in a decent recovery from the Great Crypto Crash of Jan 2018. Based on having broken out of the downtrend marked by the channel, as well as seeing the drop since the ATH as a three wave correction with wave C completing at the 0.786 extension level (see linked idea, in comments) - we can have a level of confidence that we have exited the corrective phase and are in the early phases of a new bullish impulsive wave. Our target for this trade is not to Hodl or shoot for the moon, I am hoping that enough people learnt the risks of that in this recent corrective phase. We are simply targeting a very precise looking Fibonacci confluence level which is also strengthened where it meets the Gann fan. I think there is a fairly strong case for this Gann fan overlay, looking at the price history. Best of luck!
BITSTAMP:XRPUSDLong
by fadersaregay
4
BTCUSD - FUD and Panic!BITSTAMP:BTCUSD Time frame - 1D CALM YO TITS GUYS! IT IS NOT YET THE END! :-) First things first, it ALWAYS respects the 50 period moving average (yellow circles), so you can add that indicator to your charts. The price bounced off the strong confluence of fibonacci levels .382 and .236. FIBONACCI WORKS GUYS! Especially when they have confluence like this. Re-test of the .236 and .5 fib levels. If the price breaks through above that level, I'd say sky is the limit! BUT if it fails to do so, we might see it go down 12k-11k level before bouncing back again. The way I see it, the bears always lose the tug-of-war so we might see the rainbow again soon. GOOD LUCK TRADERS! ;-)
BITSTAMP:BTCUSD
by thebumtrader
USDCAD BRILLIANT SHORT OPPORTUNITY!! USDCAD is definitely still on its way down still despite the news events of the interest rates. Brilliant sell opportunity . Its shot up due to that purely and had retraced right into the Holy grail of the .618 fib. This doesn't mean that it can't still reach the .786 fib but, in conjunction with the downward CTL, and the monthly resistance, of 1.28000 lining up perfectly with the .618, this pair is going to continue to melt! **************************************************************************************************************************************************************************************************************************************************
Short
by ForbesCapital1