ETHUSD vs LTCUSD, COINBASE, 8hrs, Short Live coverage if im not get to sleep
The next 4h candle will tell us a whole lot what the Bitcoin Bears want to do over the next 48 hours. If the uptrend lower support channel of 8900 doesn't hold, there is absolutely no where for it to regain support until $8000. It's gonna be an interesting week.
Shorter time frames have proven advantageous these past few days. Again, the setup looks fairly simple - with a possibility of it being ruled out if it continues trending to the downside. HOWEVER - the way momentum is playing relative to price action, I've been catching some of these bull traps out here preemptively. Similar to my LTC H&S formation (see the link...
ETHereum / Dollar, Coinbase, GDAX, automated SELLS starts NOW
Bitcoin continuing to stay inside of it's rising wedge that's its been in the last month - $10k remains the psychological resistance while $9200-$9600 range remains the support. Bulls seem to be in control of this "healthy" movement back beyond 5 figures. IF 9200 doesn't hold it's support, I expect to see another low volume retest of 8800 then 8200.
BITCOIN CASH after its big run from 600 to 1600 has consolidated nicely in a flag pattern. Yesterday we had a classic remount pattern going where we flushed under the 9ema on the daily chart then broke back over. In our chat we longed that at 1315 and are looking for additional entries here on the 15minute chart. Right now Intraday after the big spike to 1480...
Never call the bottom, but also, never call a top. I began trading Ethers last year, at around 30 dollars. And believe me, I have had missed opportunity after missed opportunity. But one thing all good trader's know is that you must have a specific set of guidelines to follow, and must adhere to them without any sort of deviancy. I am loyal to my TA and to my TA...
As we said in the past bitcoin is going up to fast and its a great example of a bull trap so now we can be sure that this rise was a trap for the bulls. Now we have two major line which which give the next leg up a a major project first one is at 9038 which will play a great role for the trap and second one at 9700 which i call it to be the final RESTING AREA for...
If you revert to my larger degree corrective ABC, we started getting a lot of volume at short sellers targets. In other words, someone's makin some money. We have unrealized lower targets but a potential upper target retesting a change in trend. Even if we rip up from here, you can still catch a good trade with a tight stop. Choose, but choose wisely --longmoney
You are more likely to see $5000 then $10k. Currently bitcoin -0.48% is repeating its old pattern and it will do that till we have our bottom. What you have seen in past 8 days is a great example of a BULL TRAP so be wise in your trading and this time I have added extra points for you to know when to start the short and when to get out and go long . much more can...
Preliminary count. Targets soon for your education. --longmoney
Bitcoin's extreme volatility makes this an extremely difficult count. In other words, longmoney doesn't trade BTC/USD; however, I do follow its' movement. Possible targets and ranges are unclear to me and, I say this with all honesty, beyond my TA abilities. It requires extreme precision, experience, and downright some mad trading skills. With that said, I would...
Patience young grasshoppers. Plenty long term upside for ETH. The symmetry is nice, wave counts are clear. But with so much money in crypto there is no choice but to follow the tracks. --longmoney
LTC tried breaking through the declining line several times but always retraced again. Price bounced twice at two Fibonacci lines. Also 200 EMA is showing no sign of a trend change. Overall little volume in the past week. MACD also pretty bearish at the moment. Continuously lower highs throughout the week. Buying not recommended since it will likely go down...
What goes up must come down. It seems that the majority of the new money entering these evolving crypto asset classes still need to learn this golden principle. With so many seeking thousands of percent in gains, they have failed to realise that this is tradingview . Buy low sell high, and in no way, shape, or form---the best strategy in money management is take...
longmoney has decided to take a neutral position on this current BTC move. However, that is not to say that I have no problems with a Short, and certainly no issue taking a Long when the TA tells me so. So without further ado, I have decided to make this TA public, as lately most of my 8-15% calls have been solely for my personal friends who I have traded Alts...
Price movement and fibonacci retracement could indicate three possible scenarios if the price breaks the sideway trend with two in favor of descending price and one in ascending price. It is hard to predict with certainty which outbreak will occur so as of right now I'd recommend to wait for entering and see what the next breakout will look like
I want the bull run as bad as you do. But we are gonna have to wait. probably, for a while. The trend down is still strong. I am going to start posting my short trades from 1fox.com. stay tuned.