I am going long XLM/USD. Their fundamentals seem favorable in the long-term and I will be adding to the position every month for the next 5 years.
Hi Guys! So lets take a look at the Daily chart here. Looks like Shit, I know - BUT There is a positive takeaway. If we look back at the charts over the course of the past 365 days we see a trend that has repeated itself , quite expectedly on 4 other occasions. So the question is: DOES HISTORY REPEAT ITSELF? The LOWER Yellow line is a support line from...
Areas of interest are the Pink Rectangles, I'm notoriously told my charts give people seizures with all the lines/colors so tried to clean this one up. 1. Blue Fib is drawn from the bottom ($6) to the high ($1424). I repeatedly see Cryptos respecting Fibs that are drawn from the bottom to "Notable Highs". 2. Yellow Fib is drawn from $6 to $805 (The 2nd High)...
Seems to all I've been calling recently (particularly for BTC), but it seems to be the gift that keeps on giving. BTCUSD 4 hour is showing a head and shoulders which would imply a proceeding bearish reversal. To compliment this we can also see our 9 MA is about to fall past the 26 MA which means current price is breaking down. I would expect BTC to hit the pink...
I will be brief. Less words - more deals) In a nutshell, after 5 days of Bitcoin rally from about 6200 up to nearly 7600 price reached a zone with several resistance levels. So there is a good chance for a rebound. I'll look forward to take opportunity to buy at lower prices - 6650, 6850 7050 . First preliminary target will be around 8500-8650 and 10k ...
Hi guys and fans of cryptocurrencies, in that chart you can see my idea of price development by the end of the year. I think BTC will go back to 5.400 by mid of september, then testing 12K in the next step and then going to 50K by the end of the year. Where do you see BTC by the end of the year? Have a nice day. tradingbenx
Hey guys, in my previous BTC post I've pointed out the strong similarities between this years market drop and the one of 2014. Assuming that structure will behave almost the same as in 2014, $3000 is the level to keep an eye out for a major reversal. It is still possible that price will reach this level, however I like to prepare myself for different scenarios,...
Litecoin saw a bullish engulfing candle on the 4 hour and a bullish hammer on the daily. Bulls need to set a 4 higher low and higher high to see continuation and confirm daily short term bounce. Looking at an equilibrium, or an intimidate 4 hour higher low being. Resistance and support levels are marked, looking for a 4 hour higher low relative to support $73.48...
It looks like Ripple will most likely break out of this sideways range/ pennant formation to the downside in the short term. Below are my next targets... If the $.57 Price support breaks Then the upper 40 cent levels will be the next levels met.
BTC daily not looking very good. I've mentioned before how nothing sub 7k has any well defined support. I've plotted two support zones on my chart but I would not consider them "strong" supports by any means and I would not consider opening longs at those levels. Definitely looking to get on the short side soon just haven't had any good shorting areas just yet. If...
The falling wedge comes to the strong support level. I expect a bullish reversal in the gap of 0.00001300-0.00002200. Targets: 1. 0.00003000 2. 0.00005000 Fundamental reasons for rising: 19 March 2018 - Cardano's first ICO (Traxia) begins public presale. 5 April 2018 - Update to the Cardano roadmap 30 April 2018 - Gogeun Testnet launch "A IELE testnet will be...
ETH has been on a nice run since the trend changed directions on 4/8. Looking at the entry opportunity, a 1% percent risk model would have allowed 20% of available capital to be allocated towards the trade. Based on that, the current trade would have put about 15% to the bottom line. Will the current uptrend last? Obviously, a trend can continue for much...
This is my first time publishing an idea. I have very little knowledge about trading. Just read some books and stuff. So I wouldn't trust in my analysis alone. Any feedback or likes would be appreciated.
Lately many whales have entered the market, the market has also been pretty predictable as its in a curve shape right now. If it breaks this cup and handle and shoots up after Last Kiss then we may be back in a bullish market. If you like this idea be sure to hit the like bottom and give a follow. Happy Trading.