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Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less) I would like to see some constructive criticism or praise and speculation
BITFINEX:LTCUSD
by thetrueduane75
GDOW: Global Dow Limit Down all over the WorldGlobal Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what may later today, this index has to hold closing values at 2967. It's probing the lower parallel and whilst it holds up the Global Dow (and therefore all major markets too) has a good chance of rallying from here, the perfect spot. But the 2967 level is effectively limit down for the Global Dow. A close below here will tip this index back into bear territory again, forcing back down to 2920 to begin with and then after a small counter-rally back down to 2887 at least and then most likely back to 2802.
G
by sumastardon
ALphaBet The World by the TailAlphabet: Goog Google aptly re-named itself, becoming the world's biggest Alpha Bet in the process. So goes Google, so go world markets. It was expected to hold up at 987 line but in the event the low fell at 982. If you went fishing down there it's now just approaching key resistance at the 1024 line. Close out here and only get long again once 1025 is broken above with stops 6 lower. The next most vulnerable point on the upside is the upper dynamic at 1032 It has to break above here and then hold on the retest at 1025/4 to show that this is escaping the downtrend and worth adding or going long again at that point if so with stops below 1020 Then once it can break above the upper dynamic to start attracting more buyers still from there
NASDAQ:GOOGLong
by sumastardon
ALPHABET: GOOG Nature of the BeastALPHABET: GOOG Alphabet has two habits: it makes significant double tops quite often (3 times in this 2 year bull run so far) and when it creates a gap at earnings season it usually comes back to fill that same gap around 4-5 months later - and when does this it tends to do it twice, creating double bottoms as well as double tops. This is the one stock amonst the FAANGs that displays this kind of repeat behaviour so clearly, with one glaring exception, shown at the blue arrow. The biggest correction in the run is 15% in early 2016. Taking 15% off the highs = 1000. And 20% is 940, which coincides with fixed support at 942 and the lower supporting parallel. Perhaps in a panic it may spike this low but looking at past behaviour it should find support again at 987 by the close if it does fall this far first. Major suppoort exists at 904-900. It will take a close below here to derail this train.
NASDAQ:GOOG
by sumastardon
2
The flippening (Ethereum dominance perdiction) If we look at the ETHXBT chart from Kraken (okay volume, lots of history), we can see that that the ETH BTC ratio has been forming a triangle on the daily/weekly charts. I have drawn two triangles, the smaller one connects the 6 hour closes, the longer one connects the daily highs and lows. The analysis of ETHBTC bittrex charts also has the same timeframe on the weekly charts. Generally triangles break 2/3 - 3/4 to completion, since there two I made two time measures under. Creating a handwaving break out period at 3/4 completion of the smaller triangle, and halfway between the 2/3 and 3/4 measure of the larger triangle and giving an accurate measure (vertical green line), that could place our ETHBTC around the 0.23 zone by October 2018, which also is the area of the 1.68 area of the initial breakout. The first time that the weekly stoch rsi hung out in the oversold region for roughly 260 days in a consolidation period in May 2016. The second time was July 2017 for 120 days or so. So by the end of April we should hit the bottom of the stoch rsi and stay in the oversold region till August. The weekly macd looks bearish for the next few weeks, but if the macd falls lower the next potential long crossover signal could be strongly under zero. Now looking at the monthly stochastic rsi, we are crossing at the bottom for the first time, entering new territory. The 49 day moving average seems to be a decent indicator of the situation as well. So my current perdiction is that we enter the first smaller white box at the bottom between April and November, possibly tagging the lower trendline. While that happens the weekly stoch rsi regain strength and the weekly macd give a bullish crossover under zero. At some point there we will see the 49 day moving average crossover and stay on the underside. This should begin the move to the top target region around the 1.68 extension. Things that would invalidate this analysis: 1. Breaking of the bottom trendline by a weekly close under 5% 2. Failure to break the top by the start of July 2019 3. Double peak formation at the previous ATH on the weekly 4. Failure to achieve the target zone by February 2020 (125% of the smaller triangle timeline). Discussion is welcome, please consider the is pure speculation.
Long
by mcbw_
5
Bitcoin BTCUSD Still Positive - Continue to Buy DipsBitcoin Friday Update Next Buy Point Today Bitcoin duly broke higher from 10600 and we followed that break. Overnight Bitcoin has made a high at 11189, climbing three rungs higher on this particular ladder to reach 3 points below the the next line of resistance at 11192. Day traders are closing out here and looking to get long again from lower down towards the 10888 line and potentially as low as 10681 if 10888 cannot hold up this morning. But Bitcoin must hold up at 10681 at lowest today for the bulls to remain in overall control from here. A break (not spike) below this level will tip Bitcoin into a near term negative pattern and day traders will to short more aggressively if this were to happen. But so far the overall pattern is still bullish. If still long from 10600 break higher yesterday can stay long but raise stop to under 10870 and if struck look to buy again around 10681 with stops 50 or so lower. Look to add once 11192-11200 range has been broken above looking for completion of this rally to the target at 11790. Close out just below here and some day traders may consider reversing from this point if touched later, depending on how it behaves when it gets there. More as the move develops. * For updates in real-time plase check top left of main page Yesterday: Bitcoin Coinbase Chart Next Buy Point Bitcoin has spent the last 24 hours or so hammering out a continuation pattern not too far from the recent highs. It hasn't collapsed from here, though, which has to be a positive signal, so far. It's now probing the upper parallel at 10600 and trying to break higher. To stay positive from here it has to make this break. If we see it we can follow with stops under the upper parallel by 50 points or so when broken. Otherwise, in absence of a break higher and Bitcoin spends more time in this consolidation pattern we will look for an entry from lower down later
BITFINEX:BTCUSDLong
by sumastardon
4
BTC possible short - First target 8600 Hey, this is my first idea ever published. Please note that I might be completely wrong, and that It's made just to add some idea on where the price might go. I will be really glad for any comment reagrding anything wrongly interpreted in my idea since it's my first idea since I started learning TA. Right now there are two scenarios that I can see happening in the near future. Either we will break above 11500 level, which would indicate further growth to price point of 16222 measured from the bottom of the inverse H&S to the neckline projected upwards from the neckline. So far I see this scenario less likely due to the fact that volume should expand on the break from the inverse head and shoulders. It is still a possibility though, and it should be taken into consideration. In this case I would recommend to enter the market on the retracement move of the breakout from the inverse H&S since you want to avoid getting caught up in the failed break out. If the inverse H&S doesn't play out, we can see a big drop to the first support level of approximatelly 8600. From there I would expect it to form a possible falling wedge that could bottom close to the recent 6000 low. Falling wedge is a bullish continuation pattern, and sucessful break above could as well mean the end of the correction. As you can see from the RSI, we broke already broke above bearish 28day RSI. If this scenarion would be about to happen, I would enter the market on the retracement move of the break out of the possible falling wedge confirmed both by RSI, and by completion of the pattern. Hope it made sense, and I hope that I didn't scare you off with my poor english, since I'm not originally from the english speaking country. Enjoy, leave a comment and have a great day!
BITFINEX:BTCUSDShort
by CryptoFlows
ETCETH Opportunity Still Exist, Several Pivots ConfirmBuilding on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2, eth and btc that is. The red dashed lines are where the algo's will most likely sell off if they aren't closed out. Price correlation chart. www.sifrdata.com 4hr Last idea (same as this one)
by rnm410
Historical Data Experimentplease note: this is not a complete trading idea. This analysis is entirely based off historical data. Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top. The chart above shows the percentages and ratios I collected from the 2013 crash that were then overlaid onto the recent Bitcoin chart. Creating the possible route Bitcoin could take IF it follows the 2013 path. The percentages & time frames that were collected are shown in grey. The red and green colors shows what I expect to happen based on the data. The chart below shows the percentages collected for this experiment. DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
BITFINEX:BTCUSD
by oh92
6
WTI Uptrend Decisively Broken - Look to Sell the RallyWest Texas Intermediate WTI USOIL WTI fell exactly 50c short of the upside maximum target before topping out and falling below the the lower parallel, thereby flipping WTI from still positive to negative - on a dime. Since then it's fallen away seeking support from nearest structure to left - and found it at 58.14 - the top of the structure to left. It's been hit by a double whammy of rising DXY and falling major markets. Although it's hit support and can rally as high as 61.51 from here this decline is not done yet. Those big reds on exit of the parallel show powerful rejection now. Last week's price action has switched the game from buying dips to selling rallies once more. And if major markets begin to unravel and fall further from their lows of last week WTI and Brent will follow suit in sympathy. A fall below 58.10 on WTI should trigger further selling back to 55.90 at least and once this fails to 54.95, spiking as low as 53.84. The 50% retracement of the bull run lies at 54.32. Look to sell the early rally if we see one - and if not sell on break below 58 with stops above 59.10.
TVC:USOILShort
by sumastardon
Dow Jones Industrials DJI Back on the buy listDow Jones Industrial Average DJI Back to buying the dips Yesterday the Dow completed a 10% drop from the high (10% off the top is 23956, the low was 23923.8, just 0.5 of one point from the support line at 23924. An 11% drop would be 23690 - there is another fixed support line at 23613, just 77 points lower. This line line should be the limit of any further downside should 23924 line give way today at any point. From there it should rally back to 24345 -24400 range where it should begin to retreat again..how it reacts here is key...if it can hold up off 24300 and then go on to break above 24400 again it becomes a buy with stops below 24345. Otherwise we ait for lower levels. But so far this is a sharp fast standard 10% decline ina bull market. Done and dusted so long as 23611 holds out this week. Back to buyng dips for now.
DJ:DJILong
by sumastardon
Bitcoin BTCUSD On The Brink Next Buy and Sell Points TodayBitcoin BTCUSD Update Next Buy and Sell Points The overall technical picture has not changed for the better as yet. Bitcoin is now on the brink, staring at a large 2000 point abyss. Even at these lower levels where it found willing buyers late last week, today it finds none. Dead cat bounce. It's still a speculative buy at 7700 and close but only with a tight stop just under 7690 for small loss if wrong and ready to reverse this position to short if 7680 gives way looking for 7430 to begin with. Then once this level gives way it becomes an aggressive short back to 5591 whhere it should get a good bounce again. The other potential long entry point will come if 7700 continues to hold out - then need to see it take back 7945 line and hold up there and then break above 7820 annd hold again at 7945 on that next retest...then can look to enter longs with stops below 7900.
BITSTAMP:BTCUSDLong
by sumastardon
LTC - ARE THE JAPS COMING TO SAVE US?It's two weeks since Charlie sold his coins..... 2 days ago (6-JAN-18) it looked like LTC decided to wake up with a flurry of tweets from @SatoshiLite highlighting the coins growth in usuage... transaction volume ...network security ...mining stats "reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb)." we even got a Dragon Balls gif .... TODAY (8-JAN-18): We're back to the familiar depths of low €200's (flirting with the $245 line of support - probably headed towards low 190's after I post this) the Lightning Network looks months away and I'm not counting on the *One huge unexpected surprise* that Charlie tweeted Don't tell me I'm relying on 27million Japs to harness their chi and drag LTC back to being mediocre again.... (Give me strength)
by ocon442
OmiseGO is undervaluedOmiseGO is currently undervalued. The ATH is 0.00329400 BTC. The current price (0.00148600 BTC) is at 45.1 % of this, so we are still very much undervalued! Current performance is very much bullish on the daily chart. Right now things are slightly overbought, could see a very brief correction at this level, but I expect the price to continue rising soon (this week ?). Reaching the ATH is just one target and not the end of the road! Research OmiseGO fundamentals, this company (Omise) has been around since 2013 and employs over 100 people. It operates in Japan, Thailand and Indonesia amongst others. It offers critical gateway services between crypto and legacy banking and is working on achieving a decentralised exchange network for exchanging between cryptocurrencies. Why is this important? Decentralised exchanges are possibly the exchange networks of the future! One of the advisors of OmiseGO is Vitalik Buterin, founder of Ethereum, who has said OmiseGO is his favourite token model for 2018: oracletimes.com Website: omisego.network Good Youtube video: www.youtube.com (not mine:))
O
by RealMcafee
DXY Dollar Index Trying to put up a stand at 91.76 supportDXY Dollar Index The Dollar Index has fallen to the next blue line of support 91.76 after an intra-day low at 91.75. It's trying to hold here. It's still trapped in a near term downwave and struggling to escape. It's already made one attempt to escape the down-trend and is trying again now. There are pins forming below the low and above it too on the 2 hour chart, denoting conflict/confusion here. For the bulls to win some respite they need to force DXY above 91.95 and hold it there (and no lower than 91.92 on a retest once 91.95 is taken) to attract more buyers up to 92.05-92.12 range where DXY will likely turn back down again. For DXY to show it's turning back up from that point it will have to take back 92.12 and then turn 92.04 into support when tested from above. Will need to see something like this kind of price action to convince that DXY has more upside to 92.49-92.55 On the downside the next support below 91.76 lies at 91.52 with major support/maximum likely downside target at 91.02. A move below any blue line by more than a couple of pips is likely to trigger further weakness back to the next one.
TVC:DXYShort
by sumastardon
1
amateur HodlerGreetings all, To hodl or not to hodl? I'm a demo forex trader and I currently hodl some btc and a few altcoins, I don't particularly trade cryptos, but I try my best to read up on sentiment and fundamentals behind the coins to help me sell high to buy back in low, or buy low and sell high. I was looking at the chart and trying to figure out where I stand with the current BTC situation, as far as I can see on the chart, Hodling is best for now? how can my analysis of this chart be improved? many thanks in advance!
COINBASE:BTCUSD
by Aventien_Gilga