In my opinion I would consider taking profits on many of my positions, the market hasn't recovered enough to prove that market is going to go up now. I would expect a test of the 10k bitcoin support because of the rising wedge pattern it is making right now. Always look out for proof that short or long term trend has reversed or not.
CIVIC is proving the point of a very bullish trend that is forming right now, if your not in (CVC) buying the breakout is my style of play which i will be playing. No targets placed. i'm only going to use stop losses in case we suddenly break the trend, but at this point i'm confident its going to continue to head upwards.
I think what i see here is a pennant that will force the price up when the consolidation period ends, and the market will take off again.
Ill be making a short position on ethereum which targets the .618 fib @$731 and a stop @ 990, this is just a fun short because i rarely short. (May get absolutely torn apart in this one)
This coin has a lot of bullish potential, as you can see from the chart the price has painted a huge triangle which can indicate a breakout and profit opportunity. You can set buy orders in the green box between 8,000 - 10,000 satoshies and set a target of 20,000+ satoshi. I would also like to mention bullish MACD cross upcoming if the price in fact would...
I see a symmetrical triangle forming on the 4h, usually consolidation patterns for me are the best ones to buy when there is a trend forming in a bullish coin. Coin: Factom Entry: 0.0035 - 0.00435 Target: 0.008 - 0.012 (100% profit) Anywhere above use stop loss. Stop: 0.00315 - 0.0031 Because the whole market is resuming bullish i expect this trend to hold, if not...
The graph of bitcoin to ethereum looks like a good setup, however i am very caution because of pump of bitcoin which could bleed the altcoin market substantially. I'm expecting a consolidation phase in bitcoin right now so this would give a-lot of time to grow for the price of ether. - Enter at breakout (0.0345) - First take profit at (0.06), Second take profit...
I see Potcoin as having lots of upward movement potential according to elliott wave theory and some fibonacci extension lines. This seems like a very good setup because there is good volume present in the pumps at the waves, including consolidation. Aswell as the shift of trend which become bullish once bouncing of the long term trend line. I expect a pump and a...
In the coming days i expect a red day in the markets where sellers would take their profits causing to retrace the price to its major support-line. I see a short term position to buy at the support line, where there is a likely hood of a good bounce and further consolidation in between the Fibonacci lines. Due to the hype around this coin its not necessary to set...
There is a possible breakout from the descending triangle and a bounce from previous long term support from the 21 satoshi area if we drop that low, it could be a good buying target!
In this rookie analysis I expect a short term selloff to the levels which would reach the support zone of the short term trend. Because there is a clear break out from a falling wedge, I personally think this is a trend shift and this is the start of the upward moving trend. Therefore my personal targets to sell are not yet decided, I am beginning to accumulate...