Bitcoin price have been traded within a symmetrical triangle for the past 3 days and it seems that it is finally on the verge of a break to the downside after an unsuccessful strugglish rally hours ago met with an unusually high amount of sellers.. If successful, it will open up access to $356 USD/2207 CNY or even lower. Stop loss/short area: 2427 CNY/ 391 USD...
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Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today. It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall. If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max). Next week's movement is critical here,...
Good setup while most people are bearish at the moment... Price range & volume is getting smaller as we move along which suggest an impending breakout. "fomos" (fear of missing out) will give us a huge rocket boost to go up later :D I'm definitely going against the trend here with long, and that's a lowpro long with max margin. Price = 473 Target = 490~515...
It can't get anymore bullish than this! buy buy buy, do a lowpro
Pretty clear path ahead now that 33.41 level is broken (orange line; the long term decline trend since the start of the month) Perhaps a little retracement at 38.06 level due to the previous high before making a new high for this month. I do expect 42~46 CNY to be the peak of this rally and it'll make a pretty good shorting opportunity.
11 Aug - 18 Aug: 42 CNY to 22 CNY (-48%) 18 Aug - 21 Aug: 22 CNY to 38 CNY (+33%) 22 Aug - 23 Aug: 36 CNY to 29 CNY (-24%) 23 Aug in an hour: 29 CNY to 33.21 CNY (+13%) It looks like Litecoin will never die even with the strong competition of other alt coins. Its advantage is a huge acceptance in every China exchanges, every 1% swing in Bitcoin will result in...
Short it now, great potential in the next 4 hour. Take profit: $24 Stop loss: $29.5
This may be the final push to Litecoin's coffin if $4.3 support breaks, we have almost zero support for Litecoin after $4.3 since it got pumped way too fast back in December. Expect more downside, $4.3, $3.4, down to $1.
www.ritholtz.com A good read while the price of Bitcoin is stabilized for now. Spend some time and read this article briefly, and perhaps you might be better informed about where we are right now. Are we still at the beginning of a bigger bubble or we are already poping? I'm not speculating if we'll go down to $100 or $40,000 or not, its up to you to decide as...
Yes its a crap coin, its a shit coin, its not an innovative coin but will history repeat? It seems too cheap to resist at the moment, and Litecoin have tanked through the fall of Bitcoin from 540 to 500 at a stable price of $4.8. When you get 90% of people agreeing that something is dying, that's when you get in for a hefty profit and you know its in the...
NBG have been on a long multi year decline since 2008. Recent movement seems to suggest that $3 may be the possible bottom. www.analystratings.net
Falling channel/bullish pennant again and again for the past few days... Long after $603, 1 more bear cave to drill and take profit at $680/$800.
We had a potential breakout for Litecoin previously, with a retracement of less than 20%. We should have another rally above $7.4 but was failed due to the declining BTC price causing a sell pressure on LTC. As of now needs to overcome this falling channel before it can breakout above $7 to $7.1 again. * StochRSI is swinging to the bullish side. * Relative...
Ongoing triple bottom formation. RSI looks to be breaking out of the downtrend in short term, if successful we should see price hovering around $7~$7.6 over the next few days. However you should also be cautioned against the current sentiments on Litecoin. Given the competitive market of alt coins with strong contenders like Dark, Black, NXT & more. The bulls may...
The next resistance sits at around $260 level. (ATH & rising channel) It is pretty unlikely that we'll see a correction back to 230 level again unless there are any major events happening globally.. -Model X -China trademark issue resolved -gigafactory
Shorted Facebook on the day of announcement knowing that the HFTs (High Frequency Trading bot) will pump it up high into the sky... (Same for Twitter) It is now approaching the support level at $71. Target = $85. If there are no major issue such as Ebola outbreak, Israel/Gaza war escalation, etc... This bull run should at least last for another 6 months to 2 years...
If the past RSI trend is of any indication of future movement, we should see Bitcoins moving up over the next few weeks. It'll be a make or break over the next few days. Either we go back to $550 and bounce back strongly or we'll break above the RSI downtrend since 20th May 2014 and head towards $640 - $680. Bulls need to march towards $600 level ASAP! Given the...