After falling 60% more in a few days looks like BZRX found it's short term bottom. Currently building a clean falling wedge which gives us an opportunity to trade it.
Setup is in the chart (Entry, Stop and target)!
Bitcoin just touched 50-61.8 fib are which is holding the price right now pretty well. If it holds above this area it should start another wave up in the mid term to 11.8K-12.7K.
A stop loss would be good at 7600 in my setup. This way the trade should be safe against stop hunters and will probably hit only if Bitcoin really ends the uptrend.
This way we have a...
Binance Coin just broke the downtrend and all indicators are pointing to another bull cycle!
What could be BNB catalysts :
Passive catalysts :
1- Passive BNB burn which happens every quarter.
2- Binance proving again to be a profitable and long term business. (Passive catalyst too imo)
Strong and short term catalyst:
1- Binance IEO mania or some new kinda of...
LTC and BTC pair showing strong bullish signs.
I like the setup here and seems like altcoins are starting to bounce against Bitcoin even if it is just in the short term. I talked about this possible short term/mid term bounce yesterday.
Altcoins testing strong resistance right now that can be compared in terms of importance to Bitcoin 6K resistance level. Once this level gets broken there will be a huge upside move with very few small and weak resistances. I am excited for alts again and will get even more once it breaks the resistance.
I won't go much in Fundamental reasons for these price moves as I truly believe in Bitcoin in long term and the adoption that it will receive from all sides making these totally possible and likely to happen.
Move 1 :
Currently happening . Upside move expected to 12000$-12500$ area.
Resulted by the fomo from people who missed the bottom and accumulation of...
After breaking out the resistance Ethereum differently from Bitcoin decided to retest resistance as a support . The retest has been successfull and so far has holded up price nicely. After breaking this short term red resistance line ETH should have it's time to ride and altcoins might also follow it since them also did not rise like Bitcoin did.
RSI showing a...
We have a really bullish inverse head and shoulders being formed . Price just found support in 61.8% fib level from last uptrend move and right now I am looking for a strong uptrend on WAVES in the next days/weeks. A good R:R setup can be easily defined looking at the weekly chart.
Ethereum is showing a nice bullish pennant on BTC pair and as we know based on historical data ETH tends to run more than BTC on bullish moves and fall more on bearish moves and it didin't show a real solid bullish move against BTC yet since Bitcoin last pump from 4K area to 5K+ . That is a good FA for Ethereum and in terms of TA the chart I won't comment much...
After correcting from 5300 to 4800 area the chart shows what I am expecting for BItcoin now in a simple and clear way.
I will be waiting for the double bottom to be confirmed and then will consider opening a long position or will just hold my BItcoins and let them ride.
This Bitcoin ride has been awesome so far but we are getting closer to a correction IMO. Expecting now a small dip before the next and stronger we had today target 5700-5750 area. After that the correction should start and I am targeting 5000$ area.
About low-medium cap altcoins I am not sure yet what will happen to them. Most dipped a lot in this BTC ride in...
#XRP should break in the next few days this huge falling wedge and explode up to retest the 10K resistance. Indicators looking extreme bullish with divergence in the RSI and oversold Stoch RSI.
I don't need to say much more as the chart really points it all.
Indicators looks ok but what really looks bullish here is the chart showing a strong support in the 60-70 area. Market has showed strong action in altcoins and Mainframe still didin't show it's move. I will be buying some here and look for the resistance areas in the chart.
I don't need to say much more as the chart shows pretty much everything.
Total market cap testing right now a very important resistance. Breaking this resistance should give crypto market a nice wave up to 200$Bln market cap. Overall Bitcoin chart and altcoins charts looks bullish in the long term today and looks like that crypto total market cap is also showing us a nice run in crypto if we managed to break this downtrend that has...
If ONT breaks this 20K resistance we should get several waves up to 26K-32K satoshis.
In the weekly chart ONT already retraced 100% and found some nice support breaking the Ichimoku cloud some weeks ago. Things looking good and it is just about that resistance to get the confirmation to ride up fast.