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Litecoin And Classical Charting - No Elliott Waves. Promise!Hello Dear Friends! :) Today we are gonna look at only classical charting, and try to identify the different patterns. This is an educational chart - I hope you will enjoy it! Let's start from the left: 1. Bear Flag (Steep downtrend, followed by a small consolidation to the upside, and then another steep downtrend) 2. Broadening Ascending wedge (bearish pattern) 3. Down Channel 4. Ascending Triangle (bullish pattern) 5. Symmetrical Triangle (neutral) 6. Another Bear Flag 7. Ascending wedge (bearish pattern) 8. Bullish MACD-Cross (When the blue line crosses the orange, which means that the bulls are gaining momentum) 9. RSI - Regular Bullish Divergence (The price is making lower lows, but the RSI is making higher lows, which means, that we are about to end our downtrend and will go into a reversal) Can you find other patterns? D4 Loves You <3 Please leave a LIKE for this alternative educational post :)
BITFINEX:LTCUSD
by D4rkEnergY
18
BTC approaching the end of the descending triangleAfter exiting a 40 days long falling wedge on April 8th we had a 4 day sideways trading before today's breakout. Even though we've seen a spike today all the way from 6940 to 8100 in less than 45 minutes, we have to keep in mind that we're still in the long term downtrend that is pointing towards support zone around 6500. Stochastic RSI also alerts us to be cautious as it's in overbought zone. MACD has crossed and it's pointing upwards which is indeed a bullish sign especially after BTC touched the bottom for the second time. For those of you who might be fresh in the world of trading, double bottom is a bullish pattern that is a strong signal of the coming uptrend. Market is very unpredictive nowadays and it's hard to say anything, but it's clear that we're in a pretty big descending triangle which is a bearish pattern. The triangle will culminate on April 27th. I have to point out though that we might exit the triangle at any point before this date. In order to go up we will need a huge volume followed by some extremely bullish news so there is not much we can do but stay alert and keep trading within the descending triangle. Make sure to visit WhyCrypto.co.uk for more info and the most advanced ICO analyses on the market.
BITFINEX:BTCUSD
by WhyCrypto-co-uk
ROAD TO THE GOLDEN LITECOINHi guys, I needed to do that analysis to share with you a great opportunity. The ABC correction is about to end soon. As you can see on the chart, we have a double-bottom forming. While LTCUSD is stagnating, RSI indicates a nice bullish divergence coming. MACD also confirms that move as the green line crossed the red. In a short-term we should retest the falling wedge support to go to $137 significant support. If the bullish move is strong, we could recover $160 where we could find our Fibonacci middle support. That was a short and brief analysis, hope you enjoyed, whatever you think you can agree, comment or follow to see my next analysis. Have a nice Sunday ! ;)
BITFINEX:LTCUSD
by HatrekoS
3
(PIVX) - PIVX - Stable Upward Trend - 270 % Possible EarningsHi our dear family! Almost every coin goes down but we have a exception for you. Stable upward trend since middle of the March 2018. WOW! Another coin (after Zencash) which is growing slowly but surely. Coincidence? Don't think so. PIVX stands for Private Instant Verified Transaction. PIVX is an anonymity-based cryptocurrency created out of a fork of DASH. However, instead of using Proof-of-Work (PoW), it uses a custom Proof-of-Stake (PoS) system. This means that PIVX cannot be mined but you may earn a reward by staking it in your online wallet. PIVX inherited all the technical features of DASH such as masternodes, instant send and private transfer. It has a block time of 60 seconds and has a fixed reward size per block that uses a custom Seesaw Algorithm that dynamically alters the reward split between masternode and staking nodes. They base on the community developers and have decent market cap which is right now around 200 mln $. Nice.... Isn't it? They have strong development team on coingecko (rating 79%) which is close to Quantum, Digibyte and Ethereum Classic. Quite big number of followers on Twitter (over 60k) and still growing. We think this might be one of the few coins which will grow in stable way for next couple of weeks. Here are some technical analisys details: Postivie MACD convergence Growing volume = growing interest SMA6 crossed SMA20 = bull's cross ABC Elliot Waves pattern finished - 1,2,3,4,5 Elliot Waves paterrn started heading to 3 According to Trend Based Fib. Extension we are very low heading to first target at 66 000 st Fibonacci Levels: 1. 0.00066000 2. 0.00083183 3. 0.00097500 4. 0.00111170 5. 0.00130000 6. 0.00156500 Stop-loss 0.00040000 Let's keep an eye on this coin as we may earn some good money in such unstable moment. Stay in touch! HUGE thanks for your support, likes and comments! Don't forget to look at the rest of our analysis sharing your ideas and remarks. Remeber you are A W E S O M E. HUGS! Your WBM_Team
BITFINEX:BTCUSDLong
by WBM_Team
What is the 'Moving Average Convergence Divergence - MACD'Introduction Developed by Gerald Appel in the late seventies, the Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, the MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because the MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels. Note: MACD can be pronounced as either “Mac-Dee” or “M-A-C-D.” Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals. BREAKING DOWN 'Moving Average Convergence Divergence - MACD' Moving average convergence divergence (MACD) indicators can be interpreted using three different methods: 1. Crossovers - As shown in the chart above, when the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. Many traders wait for a confirmed cross above the signal line before entering into a position to avoid getting getting "faked out" or entering into a position too early, as shown by the first arrow. 2. Divergence - When the security price diverges from the MACD, it signals the end of the current trend. For example, a stock price that is rising and a MACD indicator that is falling could mean that the rally is about to end. Conversely, if a stock price is falling and the MACD is rising, it could mean that a bullish reversal could occur in the near-term. Traders often use divergence in conjunction with other technical indicators to find opportunities. 3. Dramatic Rise - When the MACD rises dramatically - that is, the shorter moving average pulls away from the longer-term moving average - it is a signal that the security is overbought and will soon return to normal levels. Traders will often combine this analysis with the Relative Strength Index (RSI) or other technical indicators to verify overbought or oversold conditions. Traders also watch for a move above or below the zero line because this signals the position of the short-term average relative to the long-term average. When the MACD is above zero, the short-term average is above the long-term average, which signals upward momentum. The opposite is true when the MACD is below zero. As you can see from the chart above, the zero line often acts as an area of support and resistance for the indicator.
Education
by TheWolfOfBinance
Litecoin is at an inflection point!Dear all, Litecoin seems to be at an inflection point for multiple reasons. I'll explain. First for context please note you are looking at daily candlesticks in a chart whose scope is a little bit more than 2 months. The Fibonacci levels are determined from the run that started on Feb. 6 and ended on Feb .20. On Mar. 18 we saw LTC retrace to the .786 (in the first yellow elliptical) which served as perfect support and we subsequently witnessed a bounce. However in this bear market LTC fell further as we saw volume consistently decrease (denoted by a red downward sloping line). Very recently we saw LTC retrace to within 3 dollars of the Feb.6 start of the run (denoted by the second yellow elliptical); if we break 106 we are probably headed down more. One moderately bullish development is that RSI is showing that LTC is oversold (denoted by a red arrow) which may provide some upward momentum. The last time RSI was at this level (first red arrow) we saw a sustained break to the upside. One bearish development that almost seems imminent is the 'death-cross' of the 50 day moving average nearly breaking below the 200 day, denoted by a sad face. I entered LTC recently in the teens and am looking to sell in the low to mid 130's with a view to the .786 serving as resistance. If however LTC increases with volume I may hold longer. I want to emphasize the importance of studying contrarian views to your own. If you are long any given coin study short opinions and vice-versa, also be flexible and willing to change your mind, be like water.
BITFINEX:LTCUSD
by TNasr
Basic EW count : A retest of Fibonacci 0.618 ? Only a quick update of my precedent chart. I think every informations are in the chart. If bulls can't maintain BTC above 10k we will probably retest our precedent Fibonacci support with possible extended wave. The green zone is a buyback opportunity, i expect a rise to a minimum of13000$ area after this where traders will probably take some huge profit. You can see on the 4H MACD both positive and negative divergence (lower highs and higher lows) which shows that the correction could soon be over if the triangle is not breakdown), 4H RSI shows the possibility of the continuation of lower highs but doesn't confirm the bullish divergence of MACD. MACD is ready to cross and the volume of the wave 5 is exponential. As always i'm not a financial advisor, i do chart for my personal entertainment and trading. Do your own research, good luck everyone !
COINBASE:BTCUSD
by KassandrA_dotcom
HOW TO TRADE ETHEREUMEthereum Trading Strategy All we need for this trading strategy is two technical indicators: The MACD – This is a momentum indicator that can help us spot a trend. The MFI or the Money Flow Index an overlooked but critical technical indicator that measures the money flow into or out of a cryptocurrency. The MACD is one of the most common indicators used by traders around the world in a variety of different markets to spot trades before they happen. The MFI indicator is based on price action and it incorporates Volume in its calculation, which is quite similar to other oscillators. In other words, we can use the MFI indicator to measure buying and selling pressure. We can use the MFI indicator to trigger entries and to take profits. The easiest way to interpret the MFI indicator is that a reading above the 50 level represents an inflow of money into the cryptocurrency, while a reading below the 50 level represents an outflow of funds from the cryptocurrency. The other critical MFI thresholds are 20 and 80. An MFI reading of 20 is considered bullish and oversold while a reading above the 80 level is considered bearish and overbought. Step #1: Wait until the Money Flow Index drop below the 20 level The first rule is that you always want to wait for the Money Flow Index to be in oversold territory. In other words, we need to have an MFI reading below the 20 level. An extreme MFI reading below 20 suggests that there is very heavy money outflow from Ethereum. As history has repeatedly shown, this information can be used as a contrarian indicator. The MFI indicator is not a standalone indicator. There are plenty of good cryptocurrencies that have high MFI reading, and most bad ones have low MFI reading. So, in order to use the MFI indicator, we need to check it against other technical indicators which are the reason why we also use the MACD indicator. Step #2: Wait for MACD histogram to break above the zero level The second rule is to wait for the MACD histogram to turn positive. This is a confirmation that the bullish momentum is starting to build up. Now, we have two rules in place, but these are still not enough to trigger an entry. Indicator-based strategies are very unpredictable which is the reason why we’ve added another confirmation signal before to enter and buy Ethereum. Now, we’re going to lay down a straightforward entry technique for Ethereum trading system. Step #3: After MACD turned positive, Buy after MFI also breaks above the 50 level. As an extra measure of caution, we also like to wait for the MFI indicator to break above the 50 level before to buy Ethereum. A reading above the 50 level represents an inflow of money into Ethereum which is the moment when smart money is stepping into the market. We want to trade alongside smart money to really make a profit trading the cryptocurrency market. Step #4: Place Protective Stop Loss below the Previous Swing low In order to minimize our potential loss we want to place our protective stop loss very close to the market price but at the same time at a price where it should really invalidate our trade signal. For the Ethereum strategy, the ideal place to hide the stop loss is just below previous swing low. You can always add a buffer to protect yourself in case of a false breakout. Step #5: Take Profits when the MFI enters Overbought territory or above the 80 level When it comes to our Ethereum take profit trading strategy we want to cash some profits at the first sign that the market is about to turn against us. Otherwise, we risk given back some of our hard earned gains. The first indication that the market is about to turn is when the Money Flow Index enters into overbought territory. In other words, when the MFI breaks above 80 levels, we take profits. Use the same rules for a SELL trade – but in reverse. Ethereum has fundamental advantages that hopefully will help Ethereum price suppress Bitcoin in the coming years.
BITFINEX:ETHUSDEducation
by Tradingstrategyguides
EURUSD 15M long | morning Star Patterntrade entry triggered Candle Pattern: morning Star Trend: up Trend Entry: with TP/SL Ratio Target: 2 to 1 Target TP PIPs: 40 SL PIPS: 20 Fib Entry: .764 Fib TP: .50 Stochastic: over-sold MACD Histogram: contracting up 200SMA: below BB: n/a Pivot Point: S1 Elliot Wave: currently at point B in the elliot wave correction after a downside elliot wave move. Looking for the completion of point C around point A Notes: moening star formed around the .764 level and and S1 pivot point stochastic showing oversold macd histogram showing momentum slowing to the downside. Crossover just happened TP Goal around 40 pips but will let it ride as far as possible to point A What can go wrong: since price is below 200SMA, price could continue to the downside making the elliot wave correction invalid. Would have to re-evaluate the elliot wave for a new recount.
Long
by ironcondor
Possible BTC recovery signs??BTCUSD : DAILY Are we seeing a the clouds clear up?? If we fill out all of these scenarios we may see some serious recovery happen over the next month as we approach the tip of this wedge. I am seeing a Head and Shoulders pattern possibly fill out here pending some ideal conditions: - Stoch RSI double bounce, cross, and separation due to oversold condition signaling bullish movement upward. - RSI staying above or bouncing off of 32 level and increasing strength into the bullish zone. - And most ideally, a MACD crossover as close to, if not on, the Zero line. I see this consistently, MASSIVE bullish movement after a MACD cross ON the zero line. Oooooofffff course....... it could very well break out below the wedge, but that's not a happy thought. Plus I prefer to make rockets on my charts, not missiles =) The price might bounce off of the $7510 resistance, but will likely hit the $6950 to $7000 range before it begins recovery, this is kissing the current trend line as well as a strong resistance intersection point. Assuming these conditions are met and the price doesn't jump off of a cliff, we need to see some consistent closes above previous resistance lines, and hopefully we will see a positive breakout of the wedge come end of March or beginning of April. However, if it drops below that trend line, the next identified support is at the $6100 to $6200 range. Fingers crossed that I will not have to reevaluate due to those conditions..... I seriously put a lot of work into my rocket. -Spreck Standard disclaimer: This is not financial advice, just ramblings of some dude that likes looking at, and drawing on graphs.
BITFINEX:BTCUSDLong
by spreck
3
:: Revised :: Possible BTC recovery signsTo attempt to seem not 100% stupid, i'm addressing my Head and Shoulders screw up. Still new to the game and for whatever reason decided that was a head and shoulders pattern. Identified upon posting that it obviously was not (I swear I know better), so I want to address it and repost before I begin getting the "Hey dummy, what you got the tiniest head on earth" comments... Are we seeing a the clouds clear up?? If we fill out all of these scenarios we may see some serious recovery happen over the next month as we approach the tip of this wedge . I am seeing a possible break out pending some ideal conditions: - Stoch RSI double bounce, cross, and separation due to oversold condition signaling bullish movement upward. - RSI staying above or bouncing off of 32 level and increasing strength into the bullish zone. - And most ideally, a MACD crossover as close to, if not on, the Zero line. I see this consistently, MASSIVE bullish movement after a MACD cross ON the zero line. Oooooofffff course....... it could very well break out below the wedge , but that's not a happy thought. Plus I prefer to make rockets on my charts, not missiles =) The price might bounce off of the $7510 resistance, but will likely hit the $6950 to $7000 range before it begins recovery, this is kissing the current trend line as well as a strong resistance intersection point. Assuming these conditions are met and the price doesn't jump off of a cliff, we need to see some consistent closes above previous resistance lines, and hopefully we will see a positive breakout of the wedge come end of March or beginning of April. However, if it drops below that trend line , the next identified support is at the $6100 to $6200 range. Fingers crossed that I will not have to reevaluate due to those conditions..... I seriously put a lot of work into my rocket. -Spreck Standard disclaimer: This is not financial advice, just ramblings of some dude that likes looking at, and drawing on graphs.
BITFINEX:BTCUSDLong
by spreck
2
Don't get high on your own supply-Huge news for Tweed getting go ahead on 1.3 M sq ft greenhouses in BC -Rec. stores in Manitoba -Speculation of NASDAQ listing -Increasing bullish volume on the daily chart -Bullish MACD cross -Could be a "laggard" to MJN?? -Currently holding WEED overnight and hoping for a significant gap up, causing RSI levels to get to extreme highs on the hourly and shorter timeframe charts. IF this happens, I'll look to sell (likely right at open) and re-buy in (looking for a possible bounce off the $30.00 lvl) using 1/5 min chart RSI indication for an oversold bounce right after exiting. Lets hope this is the start of a very nice break out to, dare I say, all time highs???
TSX:WEEDLong
by killercoady
Will BTC retest the yearly 0.618 Fib level?Inverted head and shoulders pattern showing bullish bias and potential retest of 0.618 in next week Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this MACD levels are confirming the bearish trend with likely zero crossover to come Conclusion: we might see BTC 3.01% range 7500 - 9500 again in the next 1-2 weeks depending on which pattern dominates
BITSTAMP:BTCUSD
by TheIntern
UPDATE!!! Make 65 % PROFIT on BITCOIN CASH... WHEN this happen!Dear beloved D4-fans! So here is a quick update, on the new situation with BITCOIN CASH. Here is the original chart. So at this very moment it seems like on this 2h BCHUSD chart, that an ascending triangle has appeared (also on the RSI), which means that we might go a little higher and NOT fall through D4s (admitted) not so convincing HS pattern he made on his original chart. Also take a look at the bullish MACD-cross. So the big question is if we break through, can we make 3 higher highers?? D4 thinks it will be hard, but its definitely not impossible. If we DO NOT make a higher higher, but a lower high, we will go into the bigger descending triangle (pink/purple), which means that we will go down from there, and have the retracement D4 thinks is needed. D4 loves u <3
B
by D4rkEnergY
3
WOOW! Great news BTC-holders! Hi again, my beloved fans! Even though D4rkEnergY doesnt celebrate The Chinese New Year, he will still provide his fans with presents. Its time to smile! We are looking at the 4h BTCUSD chart. As you can see we have in a long period been in a down trending channel. D4rkEnergY already predicted 8 days ago, that we finally would break out of it, when he saw an inverse HS pattern slowly take form. To be fair D4 thought we would break through in the first attempt, but another bounce was needed before the bears got exhausted. We are at this moment close to 10k. We always have to be aware of the big even numbers. There will always be huge resistance or support at these numbers. Right now we are witnessing a crazy battle between the bulls and the bears. The bulls are trying to penetrate 10k, but its even harder because of the EMA200 is the same place. D4rkEnergY will tell you one thing. The bulls will NOT win right now and here. Look at the incoming bearish MACD cross. This battle will probably take a day or two. Expect that we will range within the pink triangle! But wait... The clever fan out there has already noticed, that the pink triangle I drew, is not just a normal triangle but an ascending triangle. That basically means that even though it will be hard for the bulls to go through 10k, on the other hand will the bears not be able to make lower lows. And we all know what that means. The bears must give up and we will finally break through! OUT D4rkEnergy is everywhere, D4rkEnergY predicts everything
BITFINEX:BTCUSD
by D4rkEnergY
9
BTCUSDT 3 Chart Case StudyWe are going to study over the weekend how this pair moves. We have a 4H - 30m - 5m chart opened. We are going to study how price moves around our 50/100 sma We are going to watch how the macd moves around the macd 0 level line and the stoch 20/80 levels - blue dotted lines The 4H is in-between the 50 and 100 sma. This I call an inner range. it has no real direction or momentum. When price breaks out of the inner range it will have direction and momentum. Watch this pair over the weekend and make copies of your chart with the camera in the lower right corner. The 4H macd is above the 80 level. Price can go half way across to the 100 sma and fall back to the 50 sma because the macd is above the 80 level. Let's watch and see if it does. Price may just go across to the 100 sma so let's watch if that happens and what the macd looks like during that. If price does come back to the 50 sma two things can happen. It can break below the 50 sma and retest the swing low on the 4H. or price will try a second time to make it across to the 100 sma. Watch how the macd looks like during all of this and make sceenshots. We are not trading here we are just studing and educating ourselves how to use this indicator. As the 4H is doing all of this you want to be watching and documenting how the 1H and 5m charts look and how they are acting in these different situations. This is a great pair to teach you all of the ebb and flow of price and how the indicator reacts to it. You are watching on the 30m and 5m how price moves around the 50/100 sma and how the macd is moving around the 80/20 levels and the 0 level line.
by Tradingstrategyguides
BTC: Strongest Average Volume tradedOnly 12 hours into the today's candles, highest volume trader by far since early 2016. This high volume trade validates the support zone for days to come if the still holds of-course. Head and shoulder bear pressure is off has reaches its destination. Potential reversal/consolidation is possible ahead of us. Daily chart shows RSI has enter OS level, historical data shows daily chart RSI has a major influence on bulls attacks. End of the day candles will decides the future direction of BTC.
BITSTAMP:BTCUSD
by JunEliteTrading
SPY: Bearish Chart Indicators Show a ~4% Pullback Feb-March 2018Another attempt at a call, since my last Bitcoin bearish call to short (or at least not buy) at the end of December 2017 came correct (See My Last "Idea" Below). This time, I've been slowly looking back at a historical analysis in 2017 (and even beyond) of times that the bullish market had very bearish indicators flashing. Earlier this year in April 2017 and October 2017, when the SPY Relative Strength Index (RSI) and Commodity Channel Index (CCI) were all way overbought & started to correct AND simultaneously the MACD indicator crossed over from positive to negative, there was a short-term correction. Each and every time! There are multiple examples if you look back historically that this has happened when the confluence of RSI/CCI Overbought => Correction AND MACD Crossover have led to a selloff (e.g. July 2015, September 2015, December 2015, etc.). Notably, though, the large sell-offs in SPY during August 2015 and June 2016 were ONLY preceded by a CCI Overbought => Correction AND MACD Crossover without RSI Overbought => Correction, so perhaps not all are needed to signify an extremely bearish trend ahead. And as people will note, some sell-off weren't preceded by ANY of this indicators at all. These pull-back/dips historically have been anywhere from about ~3-5% range (I think, I didn't actually calculate it out). Given that these 3 indicators (RSI/CCI Overbought => Correction, MACD Crossover) are ALL flashing again in SPY at the end of January 2017, especially after the sell-off of the last 2 days on January 29, 2017 and January 30, 2017, I'm hypothesizing that this is the beginning of AT LEAST a ~3-5% range minor correction/pullback. If there is a confluence of other problems (e.g. negative news, negative tech earnings reports (from AAPL, FB, GOOG, AMZN, etc), rising interest rates, flat yield curve, I believe this could be a much bigger selloff than 5%, and could reach even the 10% LARGER Correction. My belief is that the market is at risk of this for potentially the rest of February 2018 and maybe even into March 2018. The increasing volatility in the VIX after being so flat for so long is also worrisome for a pull-back, in my mind. I'm therefore taking steps to hedge my market positions, pull-back into mostly cash, and potentially buy some puts/make some short plays against SPY, DIA, QQQ and other indexes that I believe will follow the general market downwards in February and March 2018. Good luck to all, whatever your view is! (DISCLAIMER: I have recently sold most or all my LT call positions in QQQ, SPY, DIA...after making a large profit from these between 9/2017-1/2018. I may enter a short position against QQQ, SPY, DIA in the near future as well, although I do not have any current positions in them as of yet)
AMEX:SPYShort
by thetravelingbachelor