I have a potential head and shoulders pattern on the horizon that could play out with a very good risk to reward ratio short upon a neckline break, or $104 support breaking for a more conservative trade. I will only short this on confirmation of support breaking. Of course I will scalp the $100 physiological number where one would expect at least some defence by...
Which way will you break BTC? Comment what you think below
Bitcoin has sold off strongly and it may not be over yet. The leading coin found its legs and support was established around 3503 on the Bitstamp Exchange. But don't get short until the price can confirm further weakness. The market may rally here first and then meet resistance amidst the Super Pivot Stack that is now intact. If price trades through the previous...
Hi Guys! Today we decided to apply a bit different approach to our analysis. We noticed a heavy accumulation on ZEC but only on one South-Korean exchange – Bithumb. This accumulation is seen since October 18 whereas we observed the highest volumes over last 2 weeks.Yesterday, during interview Edward Snowden mentioned ZEC as the most interesting cryptocurrency...
Think there is no reason to worry for LTC.
Guys, don't listen to the "gurus" who have been saying the "bottom" is in since 6k! Technical analysis IS NOT HARD and in fact very simple. The most consdrvative target of our descending triangle is 1k usd and that is where we are headed at a minimum, I think we will probably get "capituation" in that area and how bitcoin responds at that point will tell us if we...
At this moment this is what I am using to position myself in the crypto markets. Due to the high correlations between the cryptos everything is in a holding pattern, waiting for BTC to break up/down. There are many alt coin pairs that are itching to be longed waiting for BTC to break the range, my favorites are: ADA/BTC - BCH/BTC - TRX/BTC - LTC/BTC - EOS/BTC....
Could this be a symmetrical triangle? Im not leaning bullish nor bearish, but i will set targets for both scenarios; A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What’s happening during this formation is that the market is making...
one more drop til proven otherwise zoomed in thread in comments
Hi Guys! We checked what happens on the top 100 wealthiest addresses on BTC. So it doesn’t look bad. There are as much as 46 wallets that just gather money and not send them out. Wow, this is actually nearly a half. The next 41 wallets had at least one outgoing operation in 2018. The rest 13 didn’t have any outgoing operation had at least one such operation in...
Technical analysis: . QTUM/BINANCECOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.39500 to 0.32470). if so, traders can set orders based on Price...
As Bitcoin met expected resistance around $4,100...I am entering a short term short position. Note the RSI divergence on the hourly chart, and such divergence, when it occurs at a resistance (or support the other way) carries more weight than a random one. I'm looking for bitcoin to come back at least to $3,874. But more than a short, I've sold an amount of...
Will history repeat again for Digibyte? Not much more to add... it's color coded. Travis JMJ - UIOGD
Bitcoin remains under technical selling pressure on Wednesday, with the number one cryptocurrency trading close to its 2018 trading low, at $3,196. The bearish head and shoulders pattern on the lower timeframes has yet to reach its full downside projection, close to the $2,700 level. Overall, the BTCUSD pair is likely to continue to drift lower unless buyers can...
Bitcoin swing trade idea. Description in image
After the sharp rise last year lumens have formed a giant consolidation symmetrical triangle marked by orange, and has been riding a medium term uptrend marked in blue. Movement out of this triangle should be considerable. Fibonacci retracement levels have been in play.
Coinbase just listed ZEC. Bitcoin most likely has one last dip left in it. Then we can start the road to recovery. With being easily purchased on Coinbase ZEC will do good in upcoming hype cycle. Green box area is for scaling in. If writing wont show up on image then the full image is in comments section.