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Kraken

Falling Wedge on 4-HourThere appears to be a falling wedge on the 4-hour. The price is following two down-sloping and converging trendlines, and the price has touched each trendline 6 times -- with 3 touches per trendline. We will probably see a retest of the $7,800 area again before breaking out of the wedge. I'm starting to scale in now just in case we don't. I will continue to buy all the way down to $7.8k. The highest peak is the final price target for the breakout. I will also be watching the 9k level, as I expect major resistance at that price. Average Entry: $8,200ish Stop Loss: $7,539 Final Target Price: $9,806 Risk/Reward Ratio: 5.74 I will update this trade accordingly.
KRAKEN:BTCUSDLong
by KashifWasHere
Second Tview POST . LTCUSD Analysis!Hello all and welcome to my update analysis of LTCUSD. This is my second time posting on tradingview, so take my information with a grain of salt. Now lets get started ! Looking at the four hour chart, I'd like to start from the green arrow on the left. LTC was in a downtrend channel at the time of my last post. It has since broken out of the downtrend channel(blue trend lines) and entered a nice uptrend for 12 days.(pink trend line) Now I would like you to have a look at the blue arrow. Price goes up, but the MACD and RSI both diverge. This bearish indication ended up in a breakdown below the trend line. On 4/24 , LTC breaks down below the pink trend line, uptrend ends. Now we have sideways action for an entire week and continuing. We are currently trading in a sideways channel, shown in between the purple trend lines. We are also finding resistance at 50 MA. Now I will move on to the bullish/bearish scenarios and explain the arrows on the indicators. If we were to buy now, in a bullish scenario we would break above the purple resistance line(approximately $154) and run up toward the next resistance at $166.30. This is my target for an 11.84 % gain. I would give this 7 to 9 days to develop. The MACD histogram is showing plenty of room for growth, as it has risen to the "zero line" and the two MA's are showing a weak bullish cross. The RSI has shown respect for the support line(pink line on the indicator itself) and has also risen to the "50 line" with plenty of room for growth. Please note that I would still consider the RSI to be in a bearish zone until it rises a little higher to the 60+ area. As for a bearish scenario, LTC can break down below the purple support line and test the next support at $137.32. If I were to buy now I would set my stop loss around $140 just in case the bearish cenario occurs. Overall, I am leaning more towards the bullish scenario. Thank you for reading, let me know if you have any questions/comments/concerns. **This is not financial advice or recommendation to buy/sell LTC. This is my OPINION.**
BITFINEX:LTCUSD
by brazuka08
Bitcoin Projections: A Beautiful Set Up and Breakdown - $$$My philosophy with trading is, up or down, lets make money. I love shorting, and I love bull markets. Most importantly, I've taught myself how to make money in both markets. Its allowed me to be unbiased, and its allowed me to be more adaptable. First look at bitcoin and all the research I did, the analysts had vague interpretations and recommended larger plays. I'm a day trader, I dont like staying in the market long as it increases my risk/reward as Bitcoin is volatile and its easier to be right about a quick move given the right indicators and confirmation than it is to predict an entire direction over a longer period of time. I took a few hour interruption before posting this just now so hopefully all is playing out well .... The overall short term play here is to short at the top of the triangle, and then exit the trade at the bottom for a quick 250$ swing. A tight stop loss can be placed on the outside of the triangle to minimize risk if we do break out the top. Overall the triangle has bullish indicators and sentiment to it, however, for me its a 50/50 as i expected us to drop out the bottom on that last fall, so theres lots of support at 9k... until there isnt. I'll update the next moves, you can play the break on this too, but i am waiting to play the break past 9500. On the breakout of the bottom of the flag, i'll keep riding my short i placed at the top of the triangle. That's the gameplan, hope all you traders make some money! www.thecryptoblend.com Join my Youtube under Crypto Hippo to see video demonstrations and walk throughs of these charts i make. I make a video every day to keep everyone posted and updated on my plays.
BITFINEX:BTCUSDShort
by TheCryptoBlend
1
Possible Ascending Wedge on the 15-MinuteThere seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here. Average Entry Price: $9435 Stop Loss: $9603 Final Target Price: $8884 Risk/Reward Ratio: 3.07 I will also be watching the $9200 level, as there is decent support there. Will update accordingly.
KRAKEN:BTCUSDShort
by KashifWasHere
LTCEUR Triangle Pattern, Good Entry Point 127.- EURStruktur Tradingviewpost Depending on the possible trend swap in crypto, we can assume that it is time to go in and diversify our portfolio again. We see bullish signals for LTCEUR on the daily chart: -MACD positive -RSI above 50 and not overbought yet -DMI crossed and ADX line showing an accelerating/strong trend -Awesome Oscillator crossed Besides the technical indicators we see a triangle pattern. Price broke the down-trend-line yesterday which indicates a continuation of the uptrend of LTCEUR. If we see the long awaited uptrend confirmed on BTCUSD – which is still the leading currency pair in cryptoworld – in the next few days, we should see a increase of price on LTCEUR of at least 30-40% to fibonacci level 50% (around 170.- EUR). This is also a next bigger resistance area. I'm going long, entry at 127.- EUR (which is -5% from 132.- EUR on the hourly chart which is definitely possible and appropriate), target at 170.- EUR Entry: 127.- Target: 170.- Stop-Loss: 115.- Risk-Reward: 3.5 Good trading guys and do it responsibly – no trading with your student loans ;) Best regards, TimmiHendrix
Long
by TimmiHendrix
6
some are bearish others bullish ... i say we must go sidewaysall TA on TV are either bullish or bearish but i really think that btc has to go sideways for a while without big bounces. if btc doesn't go under 6k and goes sideways almost in a straight line for a while we will se ATH again this year (maybe until summer). As long as btc will bounce hard after a dip traders will be tempted to take profit and will make it dip again. for now the bounces are smaller and smaller following the scenario from 2014. let's hope it stays in this price range 6-8k for at least a few weeks then we can hope another bull run will start.
BITFINEX:BTCUSD
by pakardel
1
btc still looks good ... this is just a correctionright now btc is not bearish at all, as i see on some apocalyptic TA's. right now it is consolidating and creating support for the next jump. the longer btc is trading sideways, the lower and closer it will be to the top of the downtrend channel so the next jump could boost it above it. if btc follows the behavior from the last drop (from the double top) it means it will go as the red line indicates and will bounce from the support created at 7.6-7.7k, otherwise will continue the waves inside the bull flag then jump to 10k i think in about 8 hours will finish the correction, then jump out of the downtrend channel and catch another jump tomorrow morning (GMT Europe time) LIKE if you LIKE or agree ;)
BITFINEX:BTCUSD
by pakardel