Good opportunity to buy a coin with an upward trend an a USDT/USD pairing.
Entry: 0.38 - 0.4
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The cryptocurrency markets have been a wash of red the past week. The situation is much too volatile to enter many new trades. Instead we watch and wait to see if BTC will break down its long term support at 6000. The reversal of alt coins hangs in the balance.
Our long-term buy target for BTC is 5400/4600. But RSI on all markets is extremely oversold. We expect...
BATBTC has followed a steady upward channel for the last several months. Now it is near its long term support at the bottom of this channel. We target a fib. retracement of previous highs.
A tight stoploss is essential for this trade in the current volatile market.
Buy: 0.00003440 - 0.00003460
Target 1: 0.00003729
Target 2: 0.00004098
After trading sideways for several days BTC is headed for the middle of its ascending channel. Next support is between 7500-7650. We will wait for a strong bullish signal in this price area before reinforcing our BTC trade in expectation of one final upward movement.
If we see a candle close BELOW the upper trend channel expect to see panic selling. Make sure...
IOTA is hovering near its longterm support - we will use this opportunity to open a small position with a tight stop loss targeting a 50% fib. retracement from the previous high. This trade has an excellent risk reward ratio as long as you adhere to the stop loss (on candle close)
Buy: 0.98 - 1.00
Target 1: 1.16
Target 2: 1.34
Target 3: 1.59
LOOMBTC has hit a recent support level and is showing a bullish divergence on the daily time frame. We will enter with a small amount of capital.
Target 1: 0.00002727
Target 2: 0.00003093
Target 3: 0.00003342
Target 4: 0.00003603
LRCBTC is approaching a critical level on the daily time frame. Either it will bounce off this price point or continue to drop further. We see an opportunity for a low-risk/high-reward trade with a tight stop-loss.
Buy: 0.00003150 - 0.00003250
Target 1: 0.00003967
Target 2: 0.00004607
Target 3: 0.00005403
Target 4: 0.00007057
From a technical perspective 8500 is an interesting price point for a return to the bearish trend. It is a 68% fib. retracement of the
previous uptrend. We also see a clear ABC wave on the daily timeframe.
This reversal will likely not happen for a few days. Previous retracements for BTC have seen prices move in a range before forming a double peak and...
Ethereum has seen an exceptionally strong bounce against BTC after days of falling. It's also at the bottom of its trend channel with USDT and showing a potential reversal candlestick on the daily chart. We will use this opportunity to enter with a small amount of capital.
Target 1: 476
Target 2: 489
Target 3: 508
Target 4: 526
Stoploss: Hourly close below 235
EOS has had a strong bounce off the bottom of its trend channel. We will buy in now with small amounts of capital target fibonacci levels as selling points.
Stoploss: 30 minute candle close below 7.1
NEOUSDT made a lower bottom in the recent BTC dip and is showing very strong candles on the daily and hourly chart. It is either forming an upward channel or consolidating, providing us an opportunity for easy lower targets.
Buy: 33.2 - 33.6
Target 1: 35.4
Target 2: 37.5
Target 3: 39.8
Target 4: 42
Target 5: 49.8
Stoploss: Close below 28
A lot of traders are predicting an inverse head and shoulders pattern on BTC. It is very tempting and human nature to seek out patterns when we look at charts. But without price or indicator confirmation it is premature to call a reversal just yet.
Yesterday BTC made a lower shadow candle testing the key 6000 area support zone. Today we want a bullish engulfing...
For those of you in position with MCOETH, we've been seeing a steady climb these past couple of weeks but with the formation of a cup and handle pattern we're preparing for the reversal.
Cup and handle patterns are indications the price will break down.
We're expecting this reversal to happen around the 0.019903 - 0.020203 price zone, make sure to set your...
A lot of people have asked about BTCs failure to close above the 6850 mark. Is this a fake breakout? Are we still bullish?
Lets start by looking at the weekly time frame.
BTC had a good close just above the previous weeks candle. This is a weak bullish signal. Unfortunately, the weekly candle close was not as strong as we wanted it to be.
What about on the...
Bitcoin continues to hover below the 6700 resistance. Things are still positive on a daily timeframe. We are working within the upper wick of the July 4th candle. Some range is expected as the bulls attempt to break through. We will be on the lookout for any bearish candles and adapt our scenario if necessary. Right now we hold to our targets in anticipation of...
Bytecoin has both a Hardfork and Testnet release scheduled for August. RSI is very oversold on the daily and weekly timeframe.
Buy: 0.00000050 - 0.00000053
Target 1: 0.00000059
Target 2: 0.00000078
Target 3: 0.00000107
Target 4: 0.000000127
Stop Loss: 0.00000039
ZEC has a historically high correlation with the price movements of Ethereum. With Ethereum looking ready break out of it's falling wedge vs. USDT and swinging positive vs BTC we expect a similar price movement from ZEC. We will be patient and only take this trade if it enters our desired buying area.
Buy: 172 - 180
Target 1: 192.23
Target 2: 218.4
BTC is maintaining support outside of its falling wedge. Our scenario is in play.
We expect it to bounce off resistances at 6700 and 7050 on its way to 7200. 8400 would be the final potential target for a 50% retracement from the previous high.
We are still BEARISH on BTC expecting an eventual target of 4800-5000 so understand the risks if you trade on this...