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Doji

BTC Short Term Bounce?Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line, which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross over on the MACD, indicating the bears are losing momentum and can't drive the prices lower. At the bottom, we see a long doji candle. These type of candles are often a powerful reversal signal. In addition, Bitcoin failed to made a higher low, which could mean that the downtrend is over. Possible Trade Setup: Stop Loss: 13700 (Slightly lower than the current low) Target: 15740 (upper trend line in descending triangle) What is a cross over? www.google.com What is a doji candle? www.google.com
BITFINEX:BTCUSDLong
by aoeuaoeu
Potential Short Play for AUDJPYThis currency pair is having an overly extended bull run at the moment. As we can see, RSI(14) is indicating an overbought reading. This currency previously managed to survive the 88.0 round number and manage to go even higher. But take a look at these aspects: 1. A strong rejection on the 89.10 territory. The same rejection happened on 20th and 27th of July, 23rd of October 2017, and if we pull a fibonacci retracement all the way from 21st September 2017 high down to 28th of November 2017 low, we can see the current price is hitting the 23.60% retracement. 2. If you switch the timeframe to 4H, you can clearly see there is a RSI(14) divergence observed in this currency pair. 3. AUDUSD is making a doji in the daily. This indicates that bull's exhaustion for OZ dollar and bear is potentially going to take over it (signalling that OZ dollar is started to get weaken).
Short
by nivelij01
Ripple RippingRipple has remained resilient and avoided getting hurt by the tremendous pullback in cryptocurrencies beginning on December 22nd. It has shattered technical and psychological levels as it rocketed up to the $2 handle, where it now currently resides, decidedly stealing market share from Ethereum, usurping it as second in market capitalization, under Bitcoin. This is quite a departure from the $0.20 range where it sat for months boring investors who were taunted by substantial gains in other altcoins. Investors should be warned that we are currently at highs right now, so we can expect a retracement. We appear to be forming a doji candle today, which supports the fact that a pullback is near. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
BITSTAMP:XRPUSDLong
by quantguy
18
Daily Resistance-turned-Support - Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too! - This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle - Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead. Good luck brothas !
Long
by YaseenG.Housari
Radium is it ready to go lower ?There are two quite visible head and shoulders formation on daily or weekly chart. THere are two gaps based on the weekly chart which are very nicely respected by current market. I market with yellowish rectangle the perfect rejection of the attempt to go higher. GAP erased all gains and pushed pair lower. I don't see reason why this pair couldn't go as low as 0.0005000. I wouldn't buy at this level anyway. It should touch 0.001000 level soon and let's observe what will happen next.
RShort
by Krystiannwk
2