Silver long targeting 17.1 and 17.65 area
Weekly canndle closed with a hammer shape sugesting reversal, we had a stop hunt wick, we broke a trendline down and now trading above key support.
Stop loss at 16
Interesting comparison between silver 2008-2013 and current bitcoin suggesting big bear market incoming.
With an stimation of 1B ounces of silver in the market, silver peaked at around 49B usd market cap, similar to the past bitcoin peak at 48B market cap.
I can't trade this as i don't have anywhere to leverage in the ethusd pair. But thisis potentially a ultraprofitable trade.
ICO fever is at its peak, ethereum maximum capacity reached, the hype has peaked and plenty of downside is possible.
Buying ethereum now is asking to be rekt.
92 usd (a 72% drop) is more than possible. Even further when blood is in the...
Bitcoin trend is seriously at danger. With the huge uncertainity incoming that could result in a bitcoin split and the total chaos, bitcoin has suffered a strong dip, with total lack of bull resistance.
I'm expecting a strong bounce in here, as the Stoch RSI and the RSI both basically gave buy signals. The shape of that 4h bottom candle also suggest a reversal. ...
XMRUSD daily chart is looking awfull. I expect a correction at the very least to the trendline. Maybe even further.
26 usd and 33 usd would be the buying targets/short take profit targets.
We have a 1 month old trendline broken, a bearish divergence in both RSI and MACD histogram, and last but not least, a MACD bearish crossover.
Weekly chart, with the Stoch...
we have bearish divergences in both macd and rsi in 4h, rsi bear divergence in daily, weekly rsi extremely overbought, the korea and japan premium vanished, 4h macd crossing bearish, daily macd turning down...
And the massive rising wedge breaking down.
XCPBTC has several technichals to support a long:
All time downwards trendline broken up
Daily MACD bullish cross
Daily 144,233 EMA bullish cross
Weekly 21,34,55 EMA bullish cross
Weekly RSI trendline broken and retested
Great risk reward. Stop-loss 0.0039.
Descending volume and StochRSI signaling it's ready. Price right now holding at 23% retracement + horizontal support and 4h EMA support
We also have a 4h macd crossing bullish and the price is currently sitting at almost 50% retracement of the top.
Moreover NEM is a legit project.
Wait for the breakoug and go long. No option to go short, so if it breaks down we...
Technichally we have the next indicators supporting a long
(13, 21) and (144, 377) EMA bullish cross
Daily MACD bullish cross
Bull divergences in both daily RSI and MACD
All time 6 points trendline broken and retested late april
New solid trendline recently tested
Volume picking up
Other factors that make this a potentially easy/lofical long:
Bearish divergences in both MACD and RSI and broken trendline with breakdown level retested.
Targeting secondary trendline, 38.2% fib retracement and MA support.
Entry 227 (that would be the correct entry, though my personal entry is 218.55)
Targets 195 (20%) - 190 (30%) - 185 (30%) - 180 (20%)
Stop Loss 236 (new ath)
Rising wedge broke down, MACD turning bearish, alma (21, 55) bearish cross, rejection of 50% retracement of the dump, potentially bubble bursting.
Targeting 1600-1700 area: major trendline from last sub 900 low, 377 ma, 61.8% retracement of the whole bull run, 1.272 extension of the correction and broken wedge target.
**I was cleaning the chart...