Typical falling wedge pattern shown on DASHUSD. Good to enter long position here with a stop loss just below the lower line, with a bit of wiggle room of about 10%. Position size should be determined by your risk tolerance. Don't overtrade. Good luck to you!
Here's the simple setup for the current situation. China is still a major player in this field, if all Chinese exchanges gets shutdown will certainly bring further panic. Here I have 2 short ideas, both are low risk high return. Cheers! HAPPY TRADING!
Here's some thoughts on bitcoin, I used fib circle and it bounced right on spot, with trend divergence, now we are in another up trend. Both my upper trendline and fib circle are suggesting that we will be seeing $3500 very soon. Although all the above requires it to break out of the resistance area(blue), what interesting is that the recent triangle has broken...
EOS is not done yet, buy here and target is $10
Here's some thoughts, my analysis is quite simple, find support & resistance, if higher high and higher low, then it must be uptrend and likely the next will be UP UP UP until it is not.
Yen going to 61.8% and 76.4% very likely. See chart.
Watch out for this typical bubble chart of ripple. Despite recent positive news on ripple, I am just not convinced that a centralized cryptocurrency would ever become mainstream, it was just a bubble , FOMO. Rumors are flying around in Japan especially on Japanese exchanges, such as coincheck, they even went down few days ago due to a demand surge. Let me show...
Bitcoin is turning bearish and it could drop in no time. Enter a short position and take the free money on the table.
An outlook of incoming retracement back to fib 0.5(7100-ish), I'll short to TP1(5600) and TP2(4500). and finally might goes to 3000 but I won't short cuz the risk will be too high
This is for japanese people to read huobi chart more easily in their own currency
Great opportunity to short the bitcoin right now, risking only 0.75% to get 20%+
Until the end of 2016, cheaper Japanese yen against Chinese yuan(aka renminbi) is very unlikely despite it's now out of the previous ascending trend channel. On the other hand, I found a wedge on RSI which indicates that the price would not drop any time soon. It's my first time posting chart on tradingview.com, leave me a comment if you have questions. Thank you!
If you are longing BTC you should close your position already!
Go long on BTCCNY, an opportunity to get some quick money, nice risk & reward ratio!