XRP wait for the correction!Hello my Crypto friends!
After perfect previous XRP analysis ( +30% in profit )...PERFECTION!!
Quick update on KRAKEN:XRPUSD at 4h timerame. This strong up impulse cleaned all divergence what is a good sign for a reverse. I can't say for sure big uptrend has started and XRP will go to the moon. I want to see much bigger correction to confirm this uptrend. So if you missed this trade, but if you followed me you shouldn't miss it, plase don't jump in the buy now. Impulse has gone and we need to be patient and wait for correction!
So keep an eye on it, be patient & trade with care!
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Tothemoon!!!
Top 5 Reasons To Be Bullish about ETH now!My Top 5 reasons to be bullish about ETH:
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
XRP Market Manipulation. Will XRP run with the Bulls in Q2?firstly i want to say im very new to trading and analysing charts but i wanted to post this idea up to see what people think of it:
Does anyone else think that XRP is being sold down by Ripple? They do own a very high percentage of the total supply and it would make sense to keep the price low which would make it more attractive for banks that would want to buy large volumes of XRP. We all can agree that the alt coins follow the lead BTC to a degree but this is the crypto world and the saying i hear all the time is ''Anything can happen''.
Id appreciate any sort of feedback from anyone who has anything to say haha :)
Bitcoin Update. Is it not the end for bears yet?As we predicted it earlier Bitcoin's uptrend faces some barriers around the 8.4 k USD area and is now in correction. As we can see on the chart an uptrend reversal movement is already on. But still there is no a 100% confirmation for it and we might see some other downtrend move depending on the strength of the bears and their dominance over the bulls. A rising wedge is already broken and a downward correction is on progress. The main question in which even many high level proffessional traders and analysts couldn't answer this time is Bitcoin's next direction in the short to mid term investment duration. As a crypto enthusiast our team is still positive on the "Very" bullish potential on Bitcoin. But since there are many intraday traders and who wants to make money in the shorter period the question holds a logical approach. Anyways as we can see it the fundamental reasons raised last week especially the ETF situation related to the Winklevoss twins ETF rejection by the SEC is one of the main reasons for this correction and its actually a normal and healthy correction so far unless it needs some time to rebound and continue its big upward trend. Again as last time we are facing with 2 scenario's on hand next.
1. To correct and touch the support level around 7446.26 USD. If it can rebound and get some bull hand on success it will be a very high probable bullish trend to happen.
2. Since we see a rising wedge break scenario we might see some more downward movement. Mostly this chart pattern is known for its downward bias for such correctional times. By this we might see a downward correction for the following 1 to 2 weeks if the case continue in such ways and might even further go down first to support area 6808 USD which is the most probable outcome or further to the strongest support area around 6355.03 USD.
We will update you on further coming scenarios. Stay Tuned. Team TWA.
BTCUSD is finally in uptrend!Hello my Crypto friends!
Previous BTC analysis works perfect! Take a look, and hit the like/follow button!
Today we are taking look again at BTCUSD, but on 4h timeframe COINBASE:BTCUSD . As you can see we got strong impulse up. Now we have to wait for bigger correction and only then take that trade. If we see correction like that, it will definitely confirm bigger uptrend!
So, please don't jump in buy to early, patience is the key!
If you want i will do update on this pair!
Don't forget to hit the like/follow button and write comment!
So keep an eye on it, be patient & trade with care!
Lam is a Strong BUYLam Research is a stock on it's way up. The prominent analysts have set the price target as high as $275. This price looks like it is bouncing off support until it can jump past the resistance. Increased value from the growth of sales is one thing this company has on it's side. The books of LRCX look better YoY, only showing a couple weaknesses, i.e. in a slightly larger debt than last year, stock price at a discount compared to industrial peers, etc. In it's peer group, of integrated circuitry and semiconductors, LRCX stands to gain ground aplenty. This price is a good entry for such a solid go-getter.
ETF Bitcoin. New hope!The market is cyclical, subject to technical laws and simple logic (see market theory "Puppetry"). If we are talking about Finance: "bubble" inflated, then blew, then followed by repeated inflating until " the horse is dead." If the horse feels comfortable - pulling the ears of the news, in the one and in the other direction, says one thing: the puppet master again and again, take advantage!
But seriously, the news background is interpreted differently.
First news: the Chicago exchange CBOE has filed a new application for the opening of the first bitcoin-ETF to the us securities and exchange Commission (SEC), the issue of ETFs for bitcoin. If you look at the retrospective of gold as a commodity-type instrument (in fact, like bitcoin, equated with the SEC Commission to commodity assets), after the issuance of ETFs, the cost has increased significantly. This was primarily due to the acquisition of the asset without physical delivery.
At the same time, the Issuer supports the ETF with a physical acquisition (purchase of the underlying asset), which leads to an increase in total capitalization, and this is a factor for growth. Mixed funds can also use derivatives, which is not so positive for the stability of the asset in the future. As a result, a bubble of derivatives is inflated. While information on the structure of ETFs on bitcoin is not, as a matter of fact, more or less clear position of the SEC on the issue of ETFs. In this case, at a short distance of time, the derivative will follow the underlying asset and, with the positive decision of the SEC, the market will get a good reason for growth.
In anticipation of the official response of the SEC, the market will be stable. The movement is likely to occur in the growing channel indicated on the chart.
Reasons for growth: Matropattern and price movement from 50 to 200 MA. Plus movement within two growing channels (blue and green).
ARK – 516 % Earnings possibleHello Guys!
Here it is another much undervalued coin.
As you can see on the chart according to Fibonacci levels we are very low (same level as in December 2017). Same levels were observed in August 2017 before massive rally when one could earn nearly 600%.
So traders look now at Visible Range. We are below much below “fair” price and in the lower part of the Volume Area. It means 70% of all traders bought their coins over the current price. They won’t be willing to sell until they get their money back. Fair price is established at 0.00034035 BTC
What’s more we have double bottom already formed waiting for a great rally. Stay vigilant and observe the volume and price. Last time rally took us only 6 weeks so be prepared.
What’s more we have crossed MA50 which is very good sign.
On Weis Wave we can see volume rising and no supply therefore we have stronger price pressure. We need more volume to obtain such levels as in 2017 but stay patient and positive.
On MACD chart we can see positive divergence – all bulls’ crosses are higher from the previous ones ones.
So guys. This might be very interesting trade with great potential.
Observe levels such as 0.00026801 than 0.00035000 and than our first Fibonacci target 0.00043297. We have to break them all in order to break supports and obtain confirmation of the uptrend.
Fibonacci levels:
Target 1: 0.00043297
Target 2: 0.00058805
Target 3: 0.00071339
Target 4: 0.00083872
Target 5: 0.00101717
Target 6: 0.00124447
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WBM Team.
Similar Pattern? Still heading up in a bull flag?I find the patterns here on the last two rallys eerily similar. Two bumps against the top of the flag, then only a partial retrace down to the red box before it reaches the top for a 3rd time. Then a bounce off the bottom and back and forth before another rally up.
What do you think of that? My initial 3rd wave projection appears to be off, and if the 4th wave drops any further, it will invalidate my EW count... but even though the wicks of the 4th wave and 1st wave overlap just a smidge, I'm keeping my count where it for now. Another bounce off the bottom of the bull flag could trigger the 5th wave up to 6800-7000.
The bottom is behind us...uptrend continues!See my previous idea from June 26 for confirmation of this idea. The EW waves have come to fruition, although it took several days longer than I expected. This current wave of Monday morning I hope gets up closer to 6800 over the next 8-12 hours so we can see a nice retracement of the 4th wave without crossing back below the end of the 1st wave. Guessing how quickly these waves will move has been a challenge for me, as it seems the BTC is sluggish for 90% of the week and then decides to make up all the ground in a 30 minute time span! Hopefully you all got in on the trading action before Friday, or at least before this morning.
My last idea mentioned that 6000 or below would be an excellent buying opportunity, and I was right. I added 20% to my position at 5915 last Thursday evening, the 28th. I'm up 12% on that buy already with lots of headroom to go.
Let me know what you think of my EW counts.
Longer term, I would expect a retractement of this impulse wave structure back to around the 6600 level before continuing in the uptrend channel.
Have a Great Day!
TRX Correction Wave 4 in Wave 5 of super circle As predicted before, pretty much we are in correction wave 4 of wave 5 super circle.
Targets stays the same as before, marked on a chart. Should be cautious when approaching price level of 1020, check for divergence on RSI and MACD, as it most probably will be the end of the last Wave 5.
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Crypto trading analysis, not a financial advice, just our thoughts.
Bad Day for Cryptos-May 23rd!How does this fit in the long term?I'd say, bitcoin/other alts, are technically on extreme sale right now, which is about to end the beginning of June!
(That is if bitcoin sustains a level above 7000)
MACD on 4 hr has been winding on and on since the first time Bitcoin hit 6000. At any time it could become pressurized enough to make a move either way.
Why does it have to hold above 7000?
-Psychological support, possibly a 3rd failed rally to break 12000, might mean retesting and breaking 6000, also 7200/7400 is a fib. support zone of the previous 2 major uptrends. Breaking bellow 7000, would be the bearish scenario.
What I do see next is a potential formation to wave 1(Bounce). This won't happen immediately, it would most likely happen after a couple of days of stability in which buyers will potentially wake up and see the opportunity. My assumption is that Wave 1 could go all the way up to 9000 before wave 2. This would be the bullish scenario.
As always, like, share or comment any kind of suggestion or addition to the chart!
Updated possible bullish mid term scenario on DashThe red line is Bitcoin, and the axis shows percentages. Scrolling through the chart, we can see that Dash reliably follows Bitcoin's price with one major exception: when we entered the big bear market in 2014, after the Mt.Gox pump, Dash had quite a big increase in price (around April - June 2014).
We might be in a similar scenario right now: Bitcoin had an intense pump and might need a longer cool off period, now. If history repeats itself, this might be the chance for Dash to go up.
Trend line, as shown, is touched multiple times (happened just recently) and overall uptrend in the higher time frames is still intact. If this scenario plays out, I suggest to #btfd and enjoy the ride.