Update to my last call from telegram. Nothing really changes, I still see that 0.382 Fib zone as a possible scalp short entry. We formed ih&s here, retested bullish OB. Normally, you would want to long this, perfect set up imo, however there is a hidden bear div, and RSI 1h is forming a very dangerous rising channel. Long from current levels to close it and flip...
Been in this downward channel since the beginning of this month. Some rebranding news seems to be floating around. Could give XRP the much needed push. Secondly, seems to be forming a descending wedge on the hourly. Well, the point is we need to keep an eye on XRP. I'm going long with tight stop loss for Scenario 1 (Blue Arrows) If that fails to break out, I'll go...
Falling wedge pattern formed (reversal pattern) just bouncing off historic support, LTC under $100 is a steal here wolves, going to long it on bitmex with 10x leverage Targets - $107 $120 $132 $145 $166 $175 $235 $350 Easy money here wolves
This is never the only decisive factor but please check numbers of Long and Short positions opened at Bitfinex. Market usually goes opposite to the expectations of market participants. A small jump above 7000 looks quite possible.
Been margin trading on Bitfinex. Gotta go golfing... so I set a long order with tight stop.
Just an idea from an elliot wave student, i'm shorting etc in wave c like my teacher told me. pd: sorry if my english is bad
OH NO THE WHALES ARE MOVING THE MARKET!!!! Yes, yes they are. But that doesn't mean you have to watch your stops get swallowed up like a helpless krill! All jokes aside, I hardly ever post about bitcoin as I'm an Ether guy myself, but there really is some highly suspect moves in the BTC market as of late. D4 did a great job of covering some of the suspect...
BTC Bullish - Is There Room To Run? Keys To The Chart Red Danger Zone 1 - Heavy resistance 8375 to 8475 Red Danger Zone 2 - Confluence of resistance indicators $8950 - $9225 The Yellow Circles are zones of maximum risk to upside movement. The 50 Period MA has crossed upward on the 200 MA. That is where the current leg up started. But notice that the 50 MA is...
It's all on the chart. Quick afternoon update. $BTC
Wow, trading in crypto currencies is a lot like being in the trenches during a war. Speaking from personal experience you can spend endless hours in the dark and the quiet when nothing is happening and suddenly BOOM it's all in your face. Just as in warfare, some of you may need to check the condition of you shorts after things go boom. I never trade on margin...
Alright folks, been AWOL for a bit but today's utter chaos called for a serious look at what appears to be blatant market manipulation. So naturally, being that this is an LTC chart one would assume we'd be taking a hard look at litecoin.....well not really, sorry folks. I actually chose litecoin because every since the litepay debacle the project has taken an...
I've recently been testing the B.B. Reversal strategy. On XBTUSD using the 5min. candles & So far has proven to be quite profitable...(I just started testing earlier today. Sooooo) Anyways The Rules are simple, Stick to the Rules, Always wait for confirmation candle and MOST Important IS To TAKE PROFITS early. I found it to be a far better strategy IF I...
Sometimes you just gotta yolo the trigger on that 5% scalp to retest the highs.
Went with the broadening wedge perspective here. Take a look at the outcomes, both bullish and bearish continuation possibilities shown. Interesting spot also factoring in the airdrop in a week. Close, close, close eyes.
Broke through Resistance level of 1472.5800 at 21-Feb-13:30 Supported by Upward sloping Moving Average
Triangle has broken through the support line at 21-Feb-15:00. Possible bearish price movement forecast for the next 2 days towards 2674.2335. Supported by Downward sloping Moving Average cross
$BTC has been unable to breach resistance, going sideways against it. If it continues to go sideways, eventually it will tire out and we'll drop to support; the next supports are around $7700, $6900, and $6300. Although there is no support line around the mid $6000s, it is fully possibly for a rebound around that area due to how cheap it is and close to the...