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Ranging

BTC Trapped - Where's Next? $9500 or $10,200Being caught in a range isn't always a bad thing, especially when you can trade top to bottom and back again! Bitcoin looks like it'll be caught between $9500 and $10,200 for another couple of days, with a breakout indicating a move of at least a few hundred more dollars in the given direction. Get your Long order in at the low end of this range, ready to take profit at either $10,000 or $10,200 - depending upon your own sentiment and analysis. With the famed Bitcoin halving in just over 3 days, we should be caught ranging up to 12 or 24 hours before the halving event, a pop upward would indicate at least $10,500, breaking above this would be the start of the Bull Run 2020. Don't say we didn't tell you! Good Luck & Happy Trading! theCrypster
KRAKEN:BTCUSD
by theCrypster
Bitcoin 1D - Break Upwards? Maybe Not...Seen from this angle it would appear the price of BTCUSD is currently stuck ranging between a high of $9200 and a low of way way down @ $8000! Don't take this the wrong way, we're as optimistic as the rest regarding the upcoming halving; but looking at this there would appear to be a clear range that (unless a big Breakout occurs) could drive the price all the way down to $8k. That's quite a big drop from where we currently are, and also where we want to be! Although, this could represent an excellent opportunity... ----------- Good Luck & Happy Trading -theCrypster
KRAKEN:BTCUSD
by theCrypster
ETH Stuck until Bitcoin's HalvingGiven the volatility of the past few weeks you might imagine this uncertainty to continue, our current thinking is that ETH will be ranging between $170-190 for the next couple of weeks until early/mid May (Bitcoin's Third Halving). There may not be an immediate explosion there after, it may take some time to build momentum, but ETH, along with a host of alt-coins, is going to get swept upwards with Bitcoin sometime very soon. These support/resistance levels have historically been quite strong, but given how tight the space is between them and the current market conditions, we wouldn't be playing the range game here. Don't place your bets just yet, but definitely get your coins ready to go at a moments notice! Expect a pump from $190 in the coming few days!
KRAKEN:ETHUSD
by theCrypster
Bitcoin Volatility Is Back!This past week I had an idea about a new way to tell when market is trending or ranging. This lead to the creation of this tool, which is stills on progress. Green dot represents when that day has been volatile, while the red dot the contrary. This is based on real-time data, so no lagging. While this is good, it also adds noise which prevents to measure the long term condition of the market. To counter this, I added a condition where when X days have been red, then we can more firmly agree that the market is ranging. This is represented when background is red. This is how the entire chart looks like: In another note, I published this the other day: On it, I mentioned two things: 1 - The market is still neutral, which now is not. 2 - No long signals at the time, and looking forward to now, we just had a big drop, so this validates the reliability of it. I don't usually post ideas, but if you take a look at my previous ones you can observe a very high win rate. The one below is my best prediction by far. We take pride in our work at Quansium.
BITMEX:BTCUSD.P
by Quansium