It seems that there just wasn't any real energy to the rally as we have lost an important support line.. Expect a bit of a downturn.
Here's a trading plan I drew up for NAUT.
JUST AN IDEA, btc back to 1500$ or break out and up and broken 3000$, WHAT DO YU THINK ?
Nice Head and Shoulders Pattern. Several robust indicators support this hypothesis. I am in long 5x ;)
I've just noticed this, strong support and a short term resistance forming a triangle to be broken. Given the strength of the support line, if it's broken downward I'll take that as a decision to go short, otherwise holding and staying long even if it breaks through sideways. But in any case, the news seems good in that we will know either way where the trend is...
ETHereum double top! may be confirmed through breaking through the lower black line or being rejected downwards by the the lowest blue line
The BTC EUR should hit the price target of 2830 EUR per BTC by the end of the week. Currently in strong momentum, the price broke the triangle resistance and the break is backed by several robust indicators.
I believe Bitcoin is between 20% and 40% into the 2017 bull run. I refer readers to my first idea on the subject, Bitcoin Reality - It is important to note the following: 1. Always use a logarithmic chart for Bitcoin. If there is any phenomenon that should be charted log instead of linear, it is Bitcoin! 2. Compare the long term log chart movements from...
Looks like XMR EUR will pump soon, likely to test the previous structure highs of 50EUR.
As seen in the previous impulse leg, we went back to areas around the last market structure high. Similar action could happen again, for potential targets consider the bottom of the channel, the 0.618 fib retracement and the high of the last impulse move. We have broken support around the 0.382 retracement level and seeing a little pullback from the down move,...
sorry, i entered a small long first, then finished the drawing. just to share/visualize the insanity / emotion going on in bitcoin at this time.
Though we did have a break out of the downtrend channel, I would like to see XRP Ripple get outside the potential sideways range. I am still on the sidelines until I see a decisive break above that sideways potential action... slow grind ahead it seems. I doubt it will re-enter the downtrend channel as pictured but needs to remain above the long term support...
Expect more down side bias as a key support level just broke. Bitcoin is also struggling to hold its gains so expect some weakness. We still have the primary long term XRP uptrend line that needs to hold or it's all bets are off...
I'm not feeling super confident on this one or else all eyes are just lying in wait for this trend to make up it's mind. I think people are still watching bitcoin overall for direction too. I'll keep the faith on Ripple but charts don't lie. There may be a better buying opportunity yet to come... Just my gut plus chart action.
The 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...