Litecoin | New all time highLitecoin is in it's 4th wave ( retracement wave ), this is a great time to accumulate. We can expect upwards movement after this.
Kraken
nearly perfect Head and Shoulder pattern of BTC If you dont take the massive Voleum of the sell of (a week aggo or so) into account it all fits for another correction on the down side
BTC/EUR KRAKEN EXCHANGE - HEAD & SHOULDERS?It looks like head and shoulders pattern, if we will do these steps that I made on this TA. Only if we break these trendlines and support.
EOS obeying a log trend till it passes the triangle lock your orders equal or below 0.000536 and it's excpected to hit this level tomorrow 18th of Dec at midnight KRAKEN:EOSXBT
ETHEURAfter a complex correction and setup of the first Elliot wave, Ethereum is now ready for the last push up in the third wave, moving up to fib 1.618 and 1.786
Lower thick red line is Fib 0.5 retracement of first wave.
Upper thick red line is Fib 0.382 retracement which is often the case for third wave retracement.
NOTE; third wave of third wave, so the one to come is fifth wave in the third wave
Sell target 1; 644
Sell target 2; 672
Happy trading
ETH USD - 2 steps back, 4 steps forwardAfter a prolong quiet period, ETH saw a good rally against USD, gaining almost 75% in no time.
What we are seeing in ETH now is an expected correction and consolidation. Formation looks like a possible bullish flag with buy area defined through green box on the chart. This buy zone is validated by approaching 21MA support and the 50% Fib level.
However, traders can go long if the flag is confirmed and price moves above 675 level.
Target in both scenarios would be 900-930 USD with stop loss below 545 closing on a daily candle.
Happy trading :)
LTC USD - lets play once again with Moving Averages!so once again our hunch on LTC move was spot on, it just that it moved way too much and we arent complaining :)
Now, we need to spot a possible trade in LTC with limited downside. LTC plays well when you combine Fib with MA and right now on a 2hr chart, we see LTC resisting 9MA with reduced volume, clear sign of exhaustion. We are not saying that the upside is done, but it should settle down a bit before deciding next move.
I am looking at the possible collision of 50% fib level and 26MA around 245-255 USD level. I have scattered my orders between that limit to get the best average buy price (hopefully!). One Target will be the 9MA (so keep a watch where it moves), others are the Fib levels with stoploss defined at or below 242.
Happy trading :)
Should I buy now LTC? KRAKEN:LTCEUR
Let's wait about next 2h and see whether my assumptions holds.
Note: this only my personal opinion, not a financial advise.
XMR USD - DJ's in the house, soon!XMR gave a dream rally in recent days, but as we always say, what goes up, always comes down (BTC might be an exception :P)
Once again, banking on the mixture of Moving Averages and Fib, we are expecting XMR to dip towards 220-225 level against USD. The tricky part is to catch the right buy level as moving average, as name suggests, is MOVING.
I am placing buy order at 225 USD with a stoploss just below 61.8% Fib level (216). Fall below this will open doors for 190 or even 165. Targets are the Fib Levels, that is 252 and 299.
Happy Trading :)
LTC USD - Worth a shot!Sometimes you just feel comfortable about a particular script/coin and than you see some indicators helping your claim.
LTC USD is one pair where I can claim gaining profit almost 100% of the times (touch wood). Every pair has its own way of following technical, in LTC, I believe Moving Averages (MA) play a significant role. Currently we see a bigger gap between 9,21 and 26 MAs and this is what I am planning to exploit, hence the targets can vary on daily basis.
The green box on the chart is my range of buying, with ideal price on the green line, however that might not be available as 26MA will be moving upwards, so keep an eye on 26MA. My orders are spread between 82.5 and 84.
For the sell target, I am targeting 96, but that is also dependent on 9MA, keep an eye on 9MA, that is actually the target. Red line is the stoploss on closing basis, watch out for false break as it happens a lot in LTC.
Happy Trading :)
Possible ABC Correction on BCH VS EUR Looking for the A leg to fall as low as €984 making a good 0.%50 retracement to place a target of €1844.
Move brakes down if close below €758
Harmonic Patterns Are Still Applicable - XMLXBT Gartley $XML.XI try my best not to use complex trading patterns in the crypto space only because trend line analysis works very well, but when my brain sees a familiar pattern, I get all excited - Here is a gartley pattern formation for XLMXBT with beautifully executed levels and the trading wave reaching near the 38.2 retracment level which is a resistance level for XML - Possible Target 2 @ 61.8 retracment level possible (0.00000756 BTC|XBT)
Note that the market respected the trend line first before the 38.2 RT Resistance level (0.00000594 BTC|XBT)
Bitcoin -> Zoom out!We are still in an uptrend! Over the last months/year we have had ALWAYS higher highs and higher lows - currently it is a HIGHER low. the next big moves will be again UP - calm down and stop the FUD !
??i dont know what about think of this, if the scenario is repeated, the cour could loss 90% of her value!!
ICN: A coin to watch!ICN has been in a strong downwards momentum for the last 109 days totaling in a 82% loss after an excessive pump in June unfolded.
I am not going into the technicals of ICN , the project runs and is healthy. I am not basing my arguments for a potential rise on these things.
Technicals are just a smokescreen in the altcoin space, whitepapers, projects, partners - just tools to create hype.
Most of the coins will need years, some even decades, to have real life usage and prove their worth - the rest dies way before.
So what makes the price going and this chart interesting?
Basically we see three main components in every market:
Market Movers, Novice Traders and Hype
in three main market phases:
Accumulation, Pump and Dump (Distribution), Retracement,
How does this play out in the case of ICN ? Well, let's try to find the footprints in the charts.
As the chart and price action suggests, we can expect to see ICN bottoming out and enter the accumulation again.
While the bottom is not clear yet, it may as well go to bottom line 2 especially with the pressure of Bitcoin and the coming hardfork, I suggest to keep ICN on the watchlist.
I surely will have an eye on this. Depending on how the market continues to move, I will enter preferably between bottom 1 and bottom 2 close to the BTC hardfork.
ETH / USD daily - EW analysisETH could be in a strong 3rd wave - potential target at 161% Fibonacci extension of 1st wave
