Raul_Dominguez

Raul_Dominguez Updated 

COINBASE:ETHUSD As you can see on the chart, the trend on the Ethereum-USD pair has been down ever since June 26, 2019, and it seems to be forming a 5 impulse wave to the downside, maybe to retest the lows of 2018 at around $80 USD, that would be the price target and a typical thing to do, to retest important support levels. In Elliott Wave terms, it seems like...

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BITSTAMP:XRPUSD This is a tough call, since Bitcoin is shooting up strong now, and my call could be invalidated soon, nether the less, here we go. The XRP-USD pair has been in a long-term Bear Market ever since the beginning of January of 2018, correcting the previous multi-year Bull Market. It seems to be unfolding as a Triple Three Correction,...

Raul_Dominguez Updated 

BITSTAMP:XRPUSD In the hourly XRP-USD chart we are forming a nice symmetrical continuation triangle pattern, www.investopedia.com , which is bullish, specially after the big move we had just two days ago. I´m going long here at $0.2122 USD with stop at $0.2070 USD. The target will be around $0.24 USD, maybe higher, will see. In the daily chart you will see two...

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BITFINEX:EOSUSD As you can see on the chart, we have a potential Inverse Head & Shoulders Pattern on EOS, www.investopedia.com , with a minimum price target of $3.3 USD. But the price will need to go above $2.73 USD first to confirm the pattern. And that is the minimum price target, but it could go a lot higher, maybe all the way up to $4.2 USD, to complete...

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BITSTAMP:BTCUSD As you can see on the chart, we have a failed breakout of the $6,500 USD level on Bitcoin, where price broke below to around $6,400 USD and then immediately rally back up. Also, we have a positive divergence on the MACD and RSI indicator, since both did not make a new low with the price of Bitcoin. In terms of Elliott Wave, this all seems like...

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BITSTAMP:BTCUSD Bitcoin is looking like it just made a Bull Flag and it is bouncing fast from it. In Elliott Wave Terms, it seems like it just finished a complex correction, after making a 5-wave impulse from the $6,500 USD lows. Going long here at $7,148 USD with stop at $6,980, just a little below the critical support of $7,000 USD. Good Luck to You

Raul_Dominguez Updated 

BITSTAMP:BTCUSD As you can see on the 4-hr chart Bitcoin has been consolidating inside a triangle for the last 12 days, that after a 5 day, 5-wave upward movement from the lows of about $6,500 USD to the highs of $7,860 USD, a move of about $1,360 USD. Triangles are known as consolidation patterns, so after it completes, the most logical scenario will be for a...

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BITSTAMP:XRPUSD On the 15-minte chart of the XRP-USD pair, we can see a nice bullish Cup and Handle Pattern forming. A move above $0.226 USD is required to confirm the pattern, which should provide a minimum upside target of $0.24 USD. But it can climb higher, maybe all the way to the 61.8% Fibonacci retracement of the current decline from $0.315 USD to $0.20...

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BYBIT:BTCUSD In the last trade, we took a small loss of $200 USD per Bitcoin, or about 2.7%, , I was expecting a short term bottom at about $7,230 USD, but it turns out we dip below that to about $7,160 USD, just before it pumps. That is fine, whipsaws are part of trading. This is the second attempt to pick that small short-term bottom. As you can see on...

Raul_Dominguez Updated 

BYBIT:BTCUSD I’m opening long positions again on Bitcoin, using my Bybit Account , www.bybit.com , at a 3x leverage, here around $7,400 USD, with a price target of $8,600 USD, a planned exit price of $8,500 USD and a stop loss of $7,200 USD. That is a risk reward ratio of 5.5 to 1. I will attempt to take profits $100 USD below the target price just to make...

Raul_Dominguez Updated 

BITSTAMP:BTCUSD On the hourly chart on the Bitcoin-USD pair, I see the potential of an Inverse Head & Shoulders Pattern, with a neckline at around $7,400 USD and a price target of $8,300 USD or higher. The pattern will be confirmed once you break above $7,400 USD, you could wait until then, or put a little in before and the rest after the confirmation. Stop...

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BITSTAMP:XRPUSD XRP is bouncing today around critical support of $0.22 USD, from an oversold condition, with a positive divergence on the 4-Hour RSI, which is bullish. I’m opening longs here with a price target of $0.26 USD or higher and a stop of $0.22 USD. Bitcoin also looks like it hit the lower trendline of it´s down channel and it's ready to bounce,...

Raul_Dominguez Updated 

BITSTAMP:BTCUSD As you can see in the chart we had a nice panic selling on Bitcoin once it took out the previous lows of $7,300 USD, just to go down a couple hundred more points and rally up afterwards, that is called a flush-out, where week holders get flush-out into panic selling, and almost immediately after the market rallies, that also happens in the stock...

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BYBIT:XRPUSD As you may know, the Ripple XRP Swell Event started today, it is over, or almost over for today, and it finishes tomorrow at 4:00 p.m., here is the itinerary: swell.ripple.com What has happened in the last two Swell events in 2018 and 2017 is that XRP goes higher ahead of the event, an then collapses afterward as no relevant news comes out. That is...

Raul_Dominguez Updated 

BITSTAMP:XRPUSD There is a small falling wedge on XRP, with a price target of $0.28492, so maybe it could bounce up during the weekend. The longer Elliott Wave Count that I posted earlier remains bearish, but be aware of a potential bounce. As there is a positive MACD divergence on the 4-hour chart. Good Luck to You

Raul_Dominguez Updated 

BITSTAMP:BTCUSD To me, the recent $3,000 USD rally on Bitcoin on Friday and Saturday of this week could be a Bull Trap. Yes, it is true that we rally strong with big volume form oversold levels, but we are missing follow through, we are already down $1,200 USD from previous highs, and we failed to take out critical resistance of $11,00 USD. If we go above...

Raul_Dominguez Updated 

COINBASE:ETHUSD Here is my Elliott Wave Count on the Ethereum-USD pair. As you can see, on December of last year we started a new Bull Market on Ethereum from about $81 USD to about $364 USD, and that was in a 5-wave sequence which is bullish. Label Intermediate Wave 1. After that we initiated a deep Intermediate Wave 2 correction to correct the previous wave,...

Raul_Dominguez Updated 

BITTREX:RVNUSD As you can see in the chart, Raven Coin has resumes it’s uptrend in a big way this week, climbing above the previous three weeks highs after a prolong decline. Also the MACD indicator is about to give us a buy signal in the weekly chart which is very bullish. Raven Coin is no small project, it is the top 35 coin in CoinMarket Cap, with a...