Very quickly, as the chart shows. LTC has been having a tough time getting over the resistance of around 61. It has flirted with the level for a few hours. I believe there is a hidden Bullish Pennant right here. For this reason I am going to name another Dip on LTC to 54, 55 for risk and respectful 56. You may enter 57 if you wish and that will be the final dip...
Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts. Everything is going down, and the best altcoins aren't spared. I'll give you my short list, which could be way longer: OMG WTC LINK BNB NEO ARK MTL LSK I believe they're all sure fires, which will go back up once the craze ends. I don't exclude them...
Looking at the similarity pattern. after making an all time high bitcoin price will dip and re test resistance at 78.% fib retrace level then fall. Soon i will post a fundamental news regarding ICO ban in korea and china un ban crypto exchange.
It seems that some of the biggest altcoins (see NEO, OMG and ARK) are correcting quite strongly. To me, those are all awesome buying opportunity, and these are the moments when I wish I had more money to invest. ARK went on a crazy rally from mid aug to mid september, and we all know that the steeper the rise, the harder the fall. That's the reason why correction...
I have calculated LTC Bottom to be 43. After that it may stay in the 40's a bit until it shoots back up. here is my reasons behind it. LTC may try for 50 in the short run. - LTC price is affordable at this level. If people are buying BTC per coin at thousands, people will buy a dozen of LTC for hundreds. - China dump already happened it will not go lower. -...
Head and Shoulder also appeared but fail as the effect of news. it can more dump if it cross this trend line and break down to 4000-4100 Support levels are 3800 , 3600 but i think it will recover very fast for next ATH.
In short term this is not looking good. ETH could go back to $250/220 before it can go up again. In the $280 area is not much support (for now) compared to the last time a few days ago. Luckily I stopped my last trade manually and sold already. I go not in again in the $280 because it seems to unsecure for now. Please see this idea. He could be right:
BTC is on freefall and already broke the 2550 support. Testing now the 200MA support @2450, and then moving for the 2400. It's a fairly strong support considering the convergence of the ascending trendline that traces back to march 2017 + the ichimoko. Anything can happen in the next few candles. I'm holding on fiat until a new clear trend show up. Recent support...
Microsoft has been in a bull trend since 2012. On six occasions through this bull, three of the technical indicators discussed below are at the same or higher levels than they are now. I have laid out the reasons and levels to which the stock may dip while it most likely continues its overall bull trend. When we take a look at technical indicators, the relative...
AT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues. Consolidated revenues slipped 2.8% on "record-low equipment sales" in wireless. EPS fell on a headline basis, but adjusted EPS grew to $0.74 (in line) from a year-ago $0.72. Cash from operations...
Dip and support ready to start bouncing back up. 5yr chart looks like climbing mountains soon!
$WUBA is still near the support level, if we get a dip tomorrow could buy with stop loss under the support.
I've pinned down a fractal, spotted by someone in crypto chat. After hours of poring over it, I've decided to publish it. If you can't see the clearly outlined fractal matches, I can't help you.
A dip in the price of oil is cyclical leading to the ability to short if a suspected oil retraction is expected.
I suspect a quick retrace probably overnight followed by a bounce early next week for next attempt at new high, however to reach 214 would require momentum plus serious buying power as there is a lot of resistance at 213+ So very short term bearish
Quick charting on the 1 hour candle looks like we will need a bit of correction before another attempt to get above the long term down trend. Short term target 365 before an additional push up. More interesting opportunities to trade once we get above this line. Markets seem determined to be short term bulls so multiple attempts may be possible.