itradearn

itradearn Updated 

Objective Approach There has been speculation of Bitcoin dropping to $3000 and also some suggesting Bitcoin to climb it's way up to $80,000. In my opinion these are two extremes and until clarity is obtained from a regulation perspective and also general acceptance from the general popula, none of these price will be reached. First of all you have to...

itradearn

ENG day chart is a joy to watch. Crystal clear from a TA perspective. We have a massive bull flag which is a very profitable and successful bullish pattern. This pattern is preferred to be played out on the breakout among traders. Price retraced to the 0.618 at 0.00022100 which gave it the golden ratio bounce. The fact that all this is happening on the Day Chart...

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CND chart suggest a short term bullish run. Buy area sits on 0.786 fib line and should prove a support for a quick bounce. Targets: 1600 (Short Term) 1750 (Mid Term) 1900 (Long Term) Stop loss: 1395 Remember this is a short term trade. This is not an investment advice, always do your own research.

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This chart should have been put up this morning but I was caught up. AMB are presenting an updated road-map tomorrow and the chart shows a symmetric triangle set-up. Price entry should have been 6,400 however 6,650 - 6,700 rests on 0.382 fib line. As always BTC plays a role here along with volume and hype. Targets are as follows: 1. 7150 2. 7400 3. 7900 RSI...

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Chart is in the middle of completing the head of the H&S pattern. This will be BTC's first attempt for a bullish reversal and get back to the good old days. However if Inverted H&S fails, BTC has another hope - double bottom at $6,000. I believe that if BTC falls below $7,500 it would continue to drop to critical support at $6,000 and hopefully once again find...

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Never have I witnessed traders praying so much in my life. Praying for a bitcoin bullish reversal. Chart shows that 50-100-200 MA stands in the $9,200 area. BTC needs to reach that point within days and try find stability. Reversal could occur either through Inverted Head and Shoulder pattern. If H&S fails, plan B kicks in for a double bottom at $6,000...

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Chart shows bullish BAT Harmonic Pattern. Targets are as follows: Target 1 550 - 14.6% Target 2 600 - 25% Target 3 670 - 39.6% Volume and BTC play a huge part in achieving the above targets. SALT Events: 16 February 2018 - Bitcoin Super Conference - Shawn Owen is one of the headline speakers This is not an investment advice, always do your own research.

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What we're looking at since 6 February is BTC making gradual bullish waves. On that day BTC started it's upward movement (2nd part of the Head) through the first sign of reversal i.e. Inverted Head & Shoulders. Now we are here trying to break $10,000. As you can also see ALTS are not making much progress. Some are but the majority aren't. This is mainly because...

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NEO chart shows fib retracement at 0.0115 however I find it hard to believe it will crack below 0.0118 area. However anything is possible in this market. RSI on 4 hour candles stands below 30 which means its oversold. MACD shows signs of reversals. Targets are on chart. This is not an investment advice, always do your own research.

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VIBE chart shows huge resistance level at 5,000 area followed by sharp spikes. Previous bottoms (first two red circles) form a double bottom hitting the undervalued area of the coin. If price bounces off 5,000 area this will trigger a triple bottom and price should surge. Chart also shows an ABCD bullish chart pattern. RSI stands at 40 which reads slightly...

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Pennant seems to be forming on POWR chart. Chart shows converging bullish movement however it lacks volume. If it gets the right volume, targets are as follows: Target 1 8600 Target 2 9000 Target 3 9400 Support stands at 8,000 Resistance at 8,400 This is not an investment advice, always do your own research.

itradearn Updated 

Chart shows bullish trend with ABCD pattern. Waves are converging which suggests a squeeze and reach both targets soon. Buy area is between 4,600 - 5,000. Targets should hit at least 20% and 32% respectively. RSI: Neutral MACD: Bullish Cross Over On Events: Before 15 February 2018 - FairX Exchange BETA This is not an investment advice, always do your own research.

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POE chart looks like its about to squeeze. Current support in combination with trend line stands at 824 and if that fails 800 fib support comes into play. Lower support stands at 600 which could be achieved if BTC bleeds closer to $9,000. I suggest traders to wait 824 to test before jumping in. 1st Target 940 (14%) Not featured in chart 2nd Target 1,050 ...

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VEN chart showsa complete Elliot's Wave followed by an ABC correction. Price is moving towards the 0.786 Fibonacci line at 54,500. One should await a test on that fib line and see if it bounces or breaks. Although it's very tempting to jump in at this price, a prudent approach should be taken and await a bottom, reversal and always time entry with the help of...

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ENJ chart shows two ABCD patterns. One was successful and the other is yet to occur. Usually wave D is lower than wave B for a bullish ABCD pattern. However experience in the crypto market showed me time and time again that this may not be the case since the price could be supported earlier due to increased volume and new traders involving themselves at a later...

itradearn Updated 

Like I mentioned in my last POE chart I could see plenty of bullish patterns including: a) Symmetric Triangle; b) Flag and Pole; c) Pennant ; d) Elliot Wave (in the making); and e) ABCD . In this chart we could see the ABCD bullish pattern in play. History repeats itself and following BTC's futures expiry (today at 16:00 London Time) we will see POE rise...

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Following the surge in price which continued till the first week of January 2018, XMG failed to hold on to the 0.5 and 0.382 fib lines. Chart shows a triple bottom which failed to hold and consequently led price to fall on the last fib line at 0.236 which is at 6800. What's interesting about this chart is that even though chart is in bearish trend there were...

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Chart shows us Lend attempting to come back with a bang. All patterns and indicators show a bullish uptrend. 1) Bullish Reversal 2) Half way through Elliot's Wave 3) Huge cup forming Lend is clearly attempting to break previous resistance levels. This heavy momentum is accumulating and price may also attempt an all time high! This is not an investment advise,...