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Recovery

Another Short Term Update On Our Total Market CapUpdate: changed my lines around a bit and through in a schiff pitchfork for reference to levels. Looks like we are going to be consolidating at this price range for the next ~3 days. What does this mean for Bitcoin and the ALT coins you may ask? We most likely will see a rebuild up of Bitcoins markets cap putting its price back up t ~8,800-9,200. If Bitcoins prices breaks the 9,200 resistance level, we may see more movement up here, followed by a recovery in the market. Butttt... the market seems to very weak right now with large amount of wash trading going on ("Wash Trading" = Creating fake volume on the market to show strength where there truly is only weakness). I expect more Dumping from BTC on Monday the 29th, if and when the total market cap doesn't recover to ~245-260 Total market cap. (Which is highly unlikely, not impossible though) First target for dump 7,100-7,300 (Reversal at 7,300/ continued dump at 7,100) Second target 6,300-6,600 (Reversal at 6,600/ continued dump at 6,300) "Second target may not hit until ~5-7th of October" ALTs?... Most likely are going to see a continued dump until Bitcoin holds/ finds a reversal. (May still bleed in this scenario do to everyone FOMO buying btc). or find an increase if Bitcoin dumps while simultaneously we see more total capital is hitting the market (Strong sign of a reversal coming in my mind at least). Minor ALTS under the 400 ranking may find pumps during this process, but those are just high risk gambles in my mind. (These are the true Shit coins on the market and will most likely die off after a recovery happens).
CRYPTOCAP:TOTALShort
by CapitulationCalls
4
#BTC shoudl recover to USD 9230There is a new move that started for bitcoin. This time it is very volatile and I think it should recover to the previous monthly level of USD 9230 which has been tested twice on July 17th and then the 28th, and then finally lost in the big dump that happened on September 1st. ## Where we are at the moment? Where should we move next? Moving near the 8500 USD monthly level seems that in the short term a trading with a channel is very likely until it moves to the previous 9230 USD level or retrace to the 7430 USD level. The newly generated levels from the daily time frame are being respected in the 4 hours which seems to be a good trading opportunity in the short term. The upper level and probably the best indicator that the trading channel zone is over is around 8770 USD. On the other hand the lower level would be around 8100 USD and will probably indicate a even lower move towards the 7430 USD level. There is a channel that most likely be the accumulation zone where it would either move upwards after a time frame that points to the upper level at 8535 USD and the lowest level at 8340 USD. ## In the long run.... I think another important thing to consider is how the move crossed 3 trend lines that defined the previous wedge and the move prior the dump and how this can indicate a possible future target level in the accumulation phase holds and creates a new move.
BITFINEX:BTCUSDShort
by raserrano
NZDUSD Long (discount entry was during Asia last night) Hi all, here is NZDUSD, the discount entry was last night for this one! Managed to catch this with a pending order, targeting the next market structural high on the D1 as a swing trade. We could see a pullback to discount before the market rallies up.... still a nice position to hold. NZD interest rate decision could spike further volatility in this pair, which could result in a pullback to discount, a D1 Stop hunt, or trigger heavy buying power back up into further demand. One to keep an eye on.
Long
by Ben_Monck
EURJPY: Important first half of AugustHello traders, this is my end of week analysis Weekly: We can see where we are now: What i can see: - Huge bearish bar appeared at stopped at Support line - Q: Will the Bear Force strong enough to effectively break the line? Daily: Better view: Set-up activated My previous analysis So what i can see now on the current chart - Price did not touch the line yet --> Price can either enter recovery/consodilation phase or break and drop through the trendline - watchout for a false break - Any news appear can be important(!) Big week comin'up. Be patient guys. Happy and safe trading!
by minhdang3264
Is BTCUSD On the Way to the Last Record At $20,000?At the beginning of 2018, BTCUSD had failed to surpass the $20,000 mark. Thereafter, the drop was rough and painful. While some investors started to doubt the crypto-currency assets, the BTCUSD has managed to perform a hero recovery. In the last few months, it succeeded to triple its value from $3000 to almost $9000. Now, some of the investors believe that the price can reach back $20,000 which is the last record. If we would like to join the momentum, we should wait for the price at the demand below which is at a great continuation level, and buy there, at the first touch. At the moment, we can see the price compress down slow and easy and if the price remains that way, toward the demand below – it will create a great opportunity to buy. The first target will be the support at $11,000 zones, and the final target will be the last record of the price.
BITSTAMP:BTCUSDLong
by the5erstrading
Descending wedge should break in the 3 coming daysI can clearly see that if the current price recovers today above 4800 satoshis level, tomorrow above 4600 satoshis or the day after above 4450 satoshis it is very likely that this descending wedge will be done. As a steemian myself I really hope for recovery and as previously seen the steem ecosystem is also fueled by what top currencies do while reacting on big market changes and this time should not be an exception. I'm currently trying to get on hold of the lasts chances to get #steem cheap while more and more chances that a new move will likely happen in the coming days.
SShort
by raserrano
Strategies to Buy This Value Automobile StockFCAU has seen considerable improvement under its new management, and with the recent cleaning up of debt, they announced last month that they will be giving out dividends. FCAU has not paid a dividend since 2016, so this is incredible news for what I believe to be a very valuable stock to own in the next few years. Despite positive earnings, FCAU has seen a tremendous drop. Historically, this is followed by a drop in sentiment and an eventual rebound. Though a "cup and handle" rebound attempt was seen, it was immediately followed by a descending triangle pattern, breaking out into new lows. The average RSI-26 on the 30min candles seems to be descending linearly to the 30 line, where it historically picks up again. This is suspected to take place between March 14th to March 16th 2019. My suggestion is to pyramid in your buys once the latest low is tested and stop around a 5.5% low from the initial low after the earnings announcement. This gives you the following target buy points: $14.34 $14.22 $14.13 $14.07 $14.01 $13.93 $13.80 There is, however, a possibility that the best time to buy will be sooner than later. This, I believe, is largely dependent upon the current overall market trends. The S&P and Nasdaq Composite Indexes have been shaky lately. If the overall market rises, we will see this stock recover much more quickly, since it's Beta is close to a 2. In which case, jump on anytime and ride that bull.
FLong
by ValueMyAsk
USD/JPY: Swing-Setup! Time to BUY the BREAKOUT!#ChanceHey tradomaniacs, welcome to another free signal! Important: Wait for the Breakout of the Range and place a Buy-Limit! ----------------------------- Type: Swingtrade Buy-Limit: 110.031 Stop-Loss: 109.915 Target 1: 111.065 Target-Zone 2: 112.00 - 112.477 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
DAX: Swing-Setup! THE RETEST of 11.000! Nice chance to BUY!Hey tradomaniacs, welcome to another free signal! Important: Wait for a breakout of the yeeloq resistance and buy the retracement! The market is very volatile so keep your risk low! ----------------------------- Type: Swingtrade Buy-Limit: 10.875 Stop-Loss: 10.700 Target 1: 11.075 Target 2: 11.263 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
XETR:DAXLong
by Trading2ez
BTCUSD - Modeling 29 June as pivot point for BTC recoveryBTCUSD - Was 29 June the pivot point for the future of BTC? This was my procrastination project for the day in between working. 29 June may have been the turn-around for recovery in the BTC 2018 crash. What we see since then is a consistent rejection of what appeared to be an establishing downward LL trendline. While the 14 Aug HL may have been an anomaly, the 08 Sep HL appears to be a confirmation of the changing low trendline. The tightening market led to some minor confirmations, but I am not personally convinced of an incoming bull market unless BTC can recover from (approx) $6000. At the moment, this chart is not making any claims to incoming markets. All indications I have are that it is totally unpredictable what is going to happen come the end of the squeeze and volume likely returns. Today's breakout above the 05 Sep to 22 Sep high trendline possibly is a minor sign of a coming bull market. It remains to be seen if the 24 July to 05 Sep high trendline can be broken, and most tellingly, the 5 March to 24 July high trendline.
BITFINEX:BTCUSD
by CuriousKryk
AION/BTC slowly starting to recover from a long downtrendHigher timeframe (daily) looks like it gained support and has been consolidating for a while. 1H Timeframe has us wicking to that support (lower block/breaker) and attacking the higher block for some time now. IF we break up from that block (lock above), a viable buy strategy would be on a retrace to that same block, while targeting that void (explosive move that left no resistances), and maybe top of the range as well.
ALong
by UnknownUnicorn3664665