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XRP/XBT Ripple thoughts.. major inflection point nearThe near term crypto market bias has been down the last few days since Bitcoin melted down shocking the entire crypto space. As much as I want to believe Ripple has the potential for some intense buying because everyone thinks this is the bottom, keep in mind it might shoot up to the moon because of that pressure and then fall right back to primary support line because of the overall market bias.... be careful and don't be afraid to take profits on the initial spike... All eyes have been on bitcoin and many of the cryptos has been mirroring bitcoin price action. A lot of people are nervous. Trade carefully.
by dubie
3
ETHEUR: Long term view, chart of all chartsThis is how the Ethereum chart looks, plotted against the Euro using Kraken data. It has been the most reliable instrument to perform analysis on this pair, together with $ETHBTC from the Poloniex feed. Currently, we are tracing a daily, weekly and monthly uptrend. Periodically, smaller timeframes might be in a consolidation or retracement phase, to then rejoin the big picture trend in the monthly. Right now, we can anticipate higher prices all month, courtesy of the daily and weekly signals depicted in yellow and turquoise. This weekend is loaded with fundamental events that can further boost this rally, so I think it is logical to see $ETHEUR hit the daily and weekly top target zones in time or even earlier than expected. After the time expires for these signals, we could commence a consolidation phase, which can take a myriad of shapes, and isn't predictable yet, other than on a time duration basis. Normally, the market will absorb supply from profit taking, which takes a proportional amount of time to the rally itself, so it is logical to observe what Tim West has noted in his 'Time at Mode' proprietary method. So far, this methodology has served me well, and I would be glad to share the benefits of it with people interested in trading these powerful trends. Tim is working on new material currently, you can pm me or him to learn more about it. Now, on to the trading reccomendation aspect, if you're long, consider average volatility to determine your position sizing. During a trend, it is reccomended to gain exposure, and while consolidating, trimming it back down, or outright taking profits. Don't risk more than a 10% drawdown on a worst case scenario basis if trading long term, it will be hard to recover otherwise. Keep your coins safe in hardware wallets like the Trezor or Ledger nano, and make sure you do your due diligence when it comes to cybersecurity, and exposure to centralized exchange risk and margin trading. Good luck, Ivan Labrie.
Education
by IvanLabrie
34
XRPXBT - Bull Trend still being respected.Quick publishing, sorry for the messy chart, but I'm seeing stuff and very few people are noticing. Trying to spread the word here. I might be very wrong but I prefer to publish it and have it wrong instead of being right and not spread the word before hand. Anyways, I see a very good buying opportunity for XRP. The bull trend has been respected so far. Support was broken but the low price trend line held perfectly on the 4hour, plus the bull divergence forming just as it did on May 8-9, (on red on the MACD and RSI ). Anyways, follow this if you're interested or just want have some good laughs if I get this wrong. I don't have any targets yet but if it keeps on this bull trend, I would expect at least a new ATH 0.51% next week. Red arrows is kind of what I expect. Again, this was done very quick on a chart that's kind of messy. Maybe I'll publish a cleaner one later.
Long
by orangestar4aC
5
XBTEUR: Update and potential weekly targetIn this chart I examine the trend since $XBTEUR bottomed after the Bitfinex hack induced correction. The weekly chart reveals an uptrend time and price target that can guide us in the coming weeks. It appears like we can reach a peak in sentiment and consolidate or get a correction after we reach this zone in the next 2 weeks. The daily chart will guide us in the next few days, keep an eye on sentiment and news stories related to $BTC. Best of luck, Ivan Labrie. Disclaimer: I'm holding longs in $BTC among other cryptocurrencies.
Long
by IvanLabrie
10
XBTEUR: Long term forecast updateThis is how the Bitcoin chart looks right now. The long term uptrend is active until the end of 2017, and after that, we have an ample range of choices, with a likely consolidation or retracement starting. Once we approach or surpass the long term target on chart, we might enter a bubble phase, so it is logical to see a correction or consolidation of a large scale in Bitcoin. I know people will hate me for saying this, I already had some people saying I was crazy when showing them this idea before publishing, but it is what the charts show. In the short term I see a 17% upside give or take, after which we may see a small correction. The rally and the break out are legit right now, so this is what makes the most sense to me currently. I hold 24% account in $BTC give or take, for full disclosure. Best of luck, and see you at the target by year end...or higher with some luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
17
XBTEUR: Slightly different setupXBTEUR has a similar setup to BTCCNY, but the chart differs in how accumulation and distribution patterns formed. Right now, there's an active daily uptrend signal pointing to 1067 euros, but it's likely going to fail. The market also built a potential new uptrend mode up here, a re-accumulation level, which could trigger a rally from here, or alternatively an uptrend failure and a brief pullback to support below. We'll need to monitor this and btccny, and check the uptrend speed lines on each, as well as the reaction to scheduled fundamental events, by March 1st, and 11th. See the chart annotations for more information. Cheers, Ivan Labrie.
Long
by IvanLabrie
7
ETHEUR: Long term viewETHEUR is acting very strong but has faced a logical level to top at for now. What I'm interested in seeing is how the consolidation develops, and wether we go back down to 7.80 or lower after the daily 'Time at mode' uptrend signal forecasted time duration ends. If we don't, and we hold up in this zone, we could be coiling, forming an accumulation base, before moving higher, above the long term uptrend 'mode', which can take give or take 3 months. Keep an eye on the daily downtrend 'speed-line'. Currently, we have already broken above the linear regression channel top, and hit the daily 'Time at mode' uptrend signal's targets #1 and #2, so, we need to be patient. I consider it viable for ETH to break higher and resume the long term uptrend, and I have a very good entry on average at the 7.850 mark, so I'll be extremely patient and monitor how the signals develop in the short and intermediate trend, to determine if our long term idea has wings. Currently holding a 20% account position. Good luck, don't use leverage, and be patient. Cheers, Ivan Labrie.
Long
by IvanLabrie
13
Iconomi Fund.Maybe the first chart of Iconomi (ICN) published on Tradingview -First pump can explain by the first listed exchanger: Kraken ICN/XBT + Liqui.io -The dump was the delayed release of the plateform ( End of december delayed to 2017 ), we will see maybe the release before the end of January -0.30$ per ICN is cheap, very cheap for a project like that, ICN have many fund: Iconomi Index Fund, Iconomi Performance Fund & Iconomi Open fund management. EVERYBODY CAN CREATE HIS OWN FUND ! IMO IF Iconomi work 101% good and dev take them promises, we will see a new era on crypto world, Iconomi is the link between old economi & the " new " economie digital. Target: - 1$ - 3-4$ - 10$ ( after distribution of dividends ). Good luck !
I
by Madofff
6
BTCCNY: Daily updateThis is what we're looking at here. We're already in a full position, so, we're limited to use leverage to add trades here. We took a long, currently in profit, and we're aiming to book profits and reduce our long term position against resistance higher. We'd like to see the following happen next: No new lows after today. Daily close above 5175. Price not hitting going under 4811, and not hitting 3991 by the 16th (if #1 and #2 happen...naturally, this won't occur) Price return to 6300 give or take, within a few days, and then go up to test the PBOC key level. After this happens, we'll need to see how price action evolves, in which case, I'd favor booking profits from our longs, except for the core long term position of 15-30%. In my case, I aim to hold 20/20%, in ETH and BTC, and not close these until we achieve the long term targets described in my other charts. Good luck to us all. Cheers, Ivan Labrie.
BLong
by IvanLabrie
48
ETH: Gradually building a 20% account positionI'm buying Ethereum gradually with BTC over two weeks. I think we'll form a strong base and rally once again, after having bottomed at the low volume support in the weekly chart here, in the fiat chart. RgMov shows an uptrend, we got oversold, broke the recent downtrend linear regression channel not only made a new weekly high but also expanded the weekly range. If we break above the uptrend mode, we'll be in good shape to rally over the 100 handle here in the long term, so, don't miss out on accumulating longs here, specially if you missed the first rally before the giant sideways consolidation phase. If you have insights regarding fundamentals for this move, or any comments, leave them below. Good luck and happy new year! Ivan Labrie.
Long
by IvanLabrie
11
BTCCNY: Weekly uptrend updateI highlighted the weekly support buy zones we have had in the past, as well as the curretly active one. The 8h setup I pointed at might not work with a tight stop, but it's still good to hold longs from 4950-5100 overall. Just make sure your risk, if adding new positions is 1-2% max, if price were to go against you and hit 4805.26. It really shouldn't, to conserve the uptrend speed and achieve 5710.74 on time. If we don't hit this level before December 12th, then Bitcoin might endure a correction which could be a pullback, or simply lack of activity and a slow sideways drift again, before more upside is attainable. Fundamentals would have to get in line, but for now, technicals give us comfort in long positions. Watch the linear regression channel support, watch the moving average on chart, we shouldn't see a close below them, and we should hit the target we have here on time. Also, watch the speed line on chart, which indicates the minimum required pace the uptrend has to keep to remain valid, all of these tools tell us when to expect a correction. The only thing is that which we can't know in advance what the price behavior will be after it starts, so, we'll have to react and not predict too far in the future. Long term target remains above 7000, based on weekly signals, and there's a longer term timeframe signal pointing way higher as well, so, there's no need to fear long trades, as long as we time the entry correctly, they will reward us handsomely. Good luck, Ivan Labrie. Disclosure: I hold long positions with no leverage, nor stop losses, that equate to 55% of my account value currently, all in profit, except for the last entry at break even or minor loss. I have been buying and selling dips, to book profits and allow me to keep risk free holds.
BLong
by IvanLabrie
BTCUSD index: Buy dips, sell partially on rallies, rinse/repeatThe BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making. This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here. I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information). The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately. Cheers, Ivan Labrie.
BLong
by IvanLabrie
9
ETHEUR: Position trade ideaWe can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by IvanLabrie
4