Charts show Bitcoin performance in June compared with current performance in November. (see chart below) Many similarities in the technicals but some important differences too. Clearly fundamentals have changed since June (horizon of forks, etc.). I'm betting we see a local ~$8500 top followed by significant downside volatility marking entry into further...
Dash showing good stabilization over the 50% retracement level - with good risk management here, looks like a solid play for a breakout above 0.07.
Some fundamental hurdles for this token but so far so good; TA shows a good profile to structure a trade around; 2000 nice round level that has shown considerable support. High volume buys at these levels indicating possible accumulation.
Former runner here - trade coupled with good risk management could be a worthy scalp; good to keep on watch.
While I have a long core position in NEO, I'll be watching for this H&S top to play out for another entry long. So far, waiting for RSI confirmation and neckline break, but even the decline in volume during its formation is pointing to further consolidation. A 35% downward move would bring us to a previous resistance around 0.0065 and, depending on market...
WAVESBTC presenting a nice trade opportunity with decent risk/reward levels. While I have a long position, potential also for capturing a short-term move to the upside here.
For those with long views of LTC, an entry near 27s may come over the next few weeks. Catalyst could be BTCUSD related news and if it does move there it may not last long.
With the continued rally in BTCUSD, likely spurred on by increasing confidence that fork-related issues will either not result or not negatively impact holders of BTC, the H&S bottom and confirmation is signaling a measured move to 3000, which I anticipate should be reached by early next week, for the reasons mentioned. Interestingly, if you take a look at many...
Below ~0.081 is 0.078ish support, else could be H&S top forming here, may be worthy of a trade if that sets up.
Price action along with RSI tightening, watch for the break either way - should signal a move out of this consolidation around 2400-2500.
After a double bottom at just above 200, which is a very strong support, the correction in ETHUSD may or may not be over. It's going to be a difficult fight at 300, shown by the overhead resistance that was support many times in the past. Signs of weakness here may signal another drop to 250.
ETHUSD bouncing here - I don't think it gets to 300; 290s look like a good spot to short for now. Coinbase was down around 6-7 PM EST, which seemed to have some widespread effects in a handful of the coins, most of which have bounced back by now. Will be following this hourly chart for an entry short based on the following TA thesis below in the 4 hour chart. ...
BTCUSD was holding onto 2700s for a while but breaking below the hammer on the 4 hour chart is signaling further consolidation. MA200 here may provide some support, but outside of a bounce to 2650, looks like lower levels will be tested. Given MA50 on the daily chart is in 2200s, this is where I would look for stronger support.
After the huge move ETHUSD had this year, it's showing signs of weakness holding the 300s, both by price action and by RSI in the 4 hours chart. It's also curling back down under the EMA20 and while it may test the MA50 once more here , I think a 3rd test of the 300 psychological and evidenced support level is likely coming within a week or so. If it fails this...
While I have a long bias on XRPBTC, it's still consolidating the move during early May. There's considerable selling pressure every time it has attempted to break above the SMA50, likely from people that got in between 0.00014 and 0.0002s. I expect this consolidation to continue until there's sufficient new buyers for a push above 0.00014 with stability. A...
With the surging interest and prevalence of cryptocurrency in the news (ICOs, blogs, market discussions) it's not surprising to feel an urge to invest in or trade these currencies. It's a volatile market that engenders tunnel vision by speculators and investors alike when considering the potential ROIs they provide. While it's easy to imagine the disruption they...
NASDAQ:PIRS catching some short covering perhaps near end of the day, sending it up near the critical 5 area. Low 4s held very well after a month long run and consolidation. Expecting this to breakout over 5 barring any extraordinary news; not following company details but certainly ripe for a catalyst. Wouldn't be surprised with upgrade ratings or...
Would look to add at 0.03 for next attempt at breaking out of the triangle. However, if it does breakout before pulling back significantly, would look to add at ~0.04 for a pullback confirming the breakout.