We've recently found success identifying short opportunities for ETH/XBT and BTC/XBT using our K2 indicator.
The Indicator is based on the Commodity Channel Index(CCI). Specifically, it uses a modified fast and slow CCI, as well as upper and lower bounds, to pinpoint the ideal time to enter a short position.
On the graph, you can see the slow CCI shown in...
As anyone who has tried their hand at trading altcoins knows, it is a risky game. I usually try to avoid trading altcoins for this very reason... but some analysis of EOS' recent price movement has me tempted to pull the trigger.
The month of June has been unkind to the coin. Looking at the second Enhanced Linear Regression Indicator, we can see that EOS price...
It looks like our prediction last night came true, with BTC's price enjoying moderate gains over the 12 hours since posting. Like all good things, this uptrend must end eventually.
We saw the completion of an inverse head and shoulders pattern at around 9 AM today(pink line), followed by a small increase in price. Don't be fooled, however, as a downwards...
The past week has seen a steady increase in BTC price. While some are predicting an upcoming reversal, there is decent evidence of a continuation.
Looking at the chart, we can observe an ascending triangle pattern forming(represented by the dotted pink line). This pattern formation in the midst of a positive price trend can typically be viewed as an indication...
So that massive drop yesterday was intense... $1000+ in 24 hours, horrible!
I'm giving most of the credit to not only the 10k Bitcoin Short but the Silk Road/Mt GOX sell off.. I saw ridiculous articles this morning blaming it on Cointelegraphs articles that say BTC ETF denied... lol that wasnt it! a bunch of bots didnt cause a 1k drop sell off
Anyway, I dont...
I think we bottom'd out pretty hard on NPXSB... a lot of hype, once this bitcoin retrace is finalized, I'd look to purchase some NPXSB for a 100 percent plus gain!
I hold not NPXSB but looking to purchase if Bitcoin goes above 7200...
Just an opinion! Alts are scary little bastards!
With all the hype we saw in 2018 with TRON and now the fundamentals are coming together from its move away from being a common ERC20 and launch of its main net, our friends over at bitmex launched TRX's futures... and i think it ruined this old p&D
I think were going to retrace down to 300 ish where i'd pick some up for a trade back to 330-370... I'd be careful...
Follow up to my last look at DGB, im still bullish, look how well this altcoin held its ground over the last year! absolutely incredible... stable
Due to the BTC pullback, heres a time to accumulate some DGB.
Blows my mind how well Digibyte has done compared to other all coins.
I'm going to leave it with, accumulate this token! that's it...
Targets for a sell...
Looks like bitcoin just took a nice 5% dip as a retrace after the bullish week or so we've had.
If you go back at look July- December, we had some similar action on the Bitcoin price.
I think 6900 will hold, that was a pretty big pull back.. if we break down past 6900 id say we may see a retrace of 5800.
Personal Opinion: Long position at 6930, take the 1...
DGB is one of my favorite projects, it's the only alt coin that I have held for over a year and has not let me down!
Digibyte is an incredible project with insane potential, the fastest POW crypto right now
The CEO Jared Tate is a super smart guy whos been in the game for over 4 years.
Check out Digibytes website as well.
I could go...
I think we have an incredible buy opportunity for the ETH/BTC pairing under this .06 range.
If you guys arent aware, theres going to be a ETH scaling solution coming to furition by end of August:
Read this article below:
This would help make Eth not only a...
Eth looking like it's about to break out, RSI has a lot of room for movement, wedge it making a nice solid V shape. If we can holdover 440-445 we are looking bullish :)
-Invalidated the H&S of ETH/USD 4hr.
-RSI bouncing for Oversold
We may play around 445-468 for a day or two
Looking for a 520+ target in upcoming...
A lot of bullish divergences.
Refer to chart
looking for a push for to 6500+ a lot of great news and market sediment is looking bueno. ETF decision coming august 10th, this range is a scary one, we dont want to break down back below 6k, I'm looking to long to at least 6500, if the Inverse H&S validates further we could be looking at a bigger movement in the next...
So the last 18 hrs have been painful to watch
Room for growth on 1hr chart/2hr
Shooting for a break out to 6300+ 12-24 hr target around 6384
Based on the Social Algo
Range is 6016-6525
Entry under 6217
Well see what happens!
If we sit below 6150 for awhile ill reconsider.. stop loss 6000
Hey was a little late on publishing this one, but hit out social Target of 6064 for the day bought in around 5860 which is awesome
Looking at a wide range today, this is probably going to chill around 6160 where i think we might see a pump back over 6500
We rejected 5800 3 times... this is a pretty bullish sign & were oversold on daily..
Hold out trades...
Looking at the charts and our Algo, looking like a small bounce from here to 6130-6200 then ultimate 24 Hr target is 5966
Looking pretty dumpy also, some shorts were squeezed out at 6250 jump.
Social algo is saying:
Hope this is the last bounce that springs us back to above 7k BTC!
So we dropped just as expected, actually fell even lower which was great since I still had about 30 percent of my short open.
Looking for a small bounce in the next few hours to 6250-6350 where i think we will retest the low 6000 area before a decent bounce to 6500
Once we drop again to 6000ish, going to open a long with a short term target of 6500
Based on our social algo, we should bounce off 6850-6900 again before a larger movement in the downwards direction. These bart movements are annoying and pretty muich gambling if youre trying to scalp on them.
I would wait until confirmation but I think we ware going to follow one of these trends.
Green is a bit more likely as I feel that were looking pretty...