Yesterday, I thought that ZEC could break loose but it didn't because BTC was dropping. ZEC volume is increasing and could subside in the next few days. It's possible that ZEC could go to the bottom of the channel. After it drops, it could go the next up target indicated in the chart above. I suggest you buy when ZEC drops and when selling subsides. By the way,...
Yesterday, the market was indecisive. We just need a confirmation from today's price movement if it's up or down. If up, the last resistance would be 0.000188 before IOTA goes down. If down, there are two possibilities, it could go to reversal point 1 or go back to the base of the channel and pullback up again. The uptrend slope for the current rally is kinda...
So BTCUSD broke down from upward channel. Now, we're seeing a correction down to the 0.5 Fibo to 0.618 Fibo. Shouldn't go as low as the demand zone as there's no negative news that should pull the prices down. See chart above for reversal points. DMI also confirmed that the sellers have taken over. Always trade with caution during down times. Make sure to cut...
An inverted head and shoulders formation. There's only one move and that's up. See resistance targets in the chart above
BCHBTC is making a move again. It could be the last wave before it corrects towards the strong demand zone. Watch the price action at the resistance level indicated in the chart above as it could break up or break down.
So did ETHBTC get tired of waiting? It seems that this influx of buyers was triggered due to the airdrop of OmiseGo. You get 5% OMG for the amount of Ethereum you have in your wallet. As to when the snapshot will be taken, it's still TBA. The current price could be at a potential bottom reversal and hit the supply zone before moving up.
We have 3 probabilities here: 1. (Green) If buying pressure is very strong, it could break the strong supply zone and go beyond it. 2. (Red) If buying pressure is weak, then we could move sideways for a bit longer until the supply zone is depleted. Staying too long on this zone would be bad. 3. (Orange) If selling pressure begins to rally, then look for BCash to...
Looks like this is a very long correction game for Ethereum. This is why I don't often trade Ethereum. I usually trade from at least 6 hrs to a day. But, the gains are there for sure.
IOTA will be able to run smart ontract apps on its network thanks to this timestamp implementation. See news here: www.reddit.com If NEO is overhyped, I think IOTA is underhyped. It is the future of blockchain technology. Smart Contracts + Zero Fees + Scalability + Blockless technology = Immense Potential For the charts, IOTA will steadily be rising but could...
We're just waiting for BTCUSD to create another big move either up or down. If up, we're looking at the top of the channel, probably below 2,600. Then, we could either see BTC moving upward and out from the channel, or it could retrace to the middle of the channel. If down, BTC could retrace just right above the demand zone at 3,000 and bounce back up.
ETHBTC is currently on the uptrend line. This area could be a possible reversal zone. BTCUSD is currently facing a huge resitance at 3200 and could pullback a bit. This gives ETHBTC a chance to reverse going up. Just be careful if ever BTCUSD prices go up again. When that happens, sell your ETHBTC.
IOTBTC is looking to breakout from the triangle.
We see the breakout! See the chart above for targets. If BTCUSD is up, ETHUSD and other altcoins paired with USD also go up. It's the cycle of crypto life!
I like the setup here. IOTA has huge potential and I think this is just the tip of the iceberg. Don't sleep on IOTA. Buying pressure have subsided as seen on the DMI. It could retrace down/pullback before moving up. When it goes up, see the target at 1.618 fib.
Currently facing a huge sell wall at 3,200. Could make a sharp pullback right above the demand zone and after that happens, we're looking for BTCUSD to go to 3,600. Those who profited from altcoins will soon move to BTC, thus increasing the buying demand. Also, during pullbacks, it is a nice idea to hedge to altcoins using the BTC pair. So, whenever BTC drops,...
I don't see any negative fundamental news that could drive ETH prices down. First take profit target would be near 0.618 fib.
Looks like BTC is currently stuck at 2780. Will need to break it to get to 2,800, to 2,900 then to 3,000. DMI seems to cross meaning buying pressure is rising. It's possible that BTC could retrace down a little before going up. See price action in the coming hours. See targets above as well. P.S. I have been publishing privately instead of publicly. Sorry if...
EOSUSD consolidated hard after its fall. Sideway movement is good as whales could be looking for opportunity to buy. Look for a surge in volume and a confirmation from price action before buying.