This drawing accompanies my others and highlights a 4 hour chart with 200 and 50 day Moving averages. The Gold line is the 50 and the Red is the 200. The x forms the traditional Death Cross. The MACD is crossed and heading lower> I have created an alert for the downtrend confirmations. Interestingly the Bollinger Band % shows another Hook. With this in mind...
Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. Trading CFDs on margin...
Eos will up support Triangle Pattern , And Flag Buy a few eos and hold Buy zone : 0.00088 - 0.00091 Profit target : (1) 0.0012400 (2) 0.0013000 (3) 0.0016000 (4) 0.0018800 (5) 0.0022000 Stop loss : 0.00078
Bitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci...
Ethereum is approaching major support at 1008 (38.2% Fibonacci retracement, ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to potentially push price up to even 1258 resistance (61.8% Fibonacci extension, horizontal pullback resistance). We have to remain careful that Ethereum is in a bearish channel and would...
It has been a while since I posted a trade idea due to the uncertainty of the BTC. Now, here is a new trade idea for EOS, which can potentially provide a good profit. Overall, EOS looks strong and has been doing fine despite bearish market. Targets and buy-in zone are provided in the chart. There is a chance it may take more time to reach the targets due to the...
Looks like it's finally going vertical. Breakout confirmed on smaller time frames. Hoping to see a daily close above the downtrend line. Reason for March 5 HODL. Also ETC was one of the few coins that didn't pump during the holidays with insane 300+% profits. Callisto Network Fork Airdrop happening somewhere between the time frame of March 5. I entered at Long...
BTC in a possible WW pattern. Market eyes line 1-4. Technicals of WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge...
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There has been little major news announcements that have caused Bitcoin to move significantly recently. There’s still a battle amongst the bears who are riding on the wave of regulatory setbacks Bitcoin is facing and the optimists who are bullish...
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): There is still tremendous doom and gloom about Bitcoin and the only reason we are seeing a correction is because Goldman Sachs analyst Sheba Jafari has published an analysis saying that we expect a possible correction below $10,000. That has...
STORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing...
Look closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do...
You can't keep a good crypto down. A good entry on this trade would be around 95 cents on the breakout, with a six week target of $4.00. Or just hold.
Long term TP: .00010000 BTC trade length: 1-2 years Started trade at .00000100 BTC
I expect a BIG rise or a return on the downtrend coming watch yourself out there if you want to keep this coin you are going to need iron hands, trust in the creators and luck. hit me in the comments with any questions or ideas
The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break...
Ripple continues its drop and is seeing tremendous bearish pressure as it maintains its bearish channel formation. With continued bearish pressure, we see the first major level of resistance at 2.2225 (38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance, channel resistance) and a further drop could occur below this level towards...