sebastian.soik

sebastian.soik

Technical Analysis Ripple is currently the best performaing coin beside to BTC, it rallied 30% within one week. As we can see in the chart it has hit a strong resistance level at .284 USD. A continuation of this rally is definitely in the cards in the upcoming period. For now the 3rd ranked coin according to market cap is slightly overbought and a correction...

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As described in my last analysis STRBTC had a natural pullback phase over the weekend. Target was exactly hit and we now see a strong upward movement. Link: As shown in the chart we still need a clear buy signal that would be confirmed at the 1H RSI. MACD confirms trend reversal, Momentum turned into the green. Depending on your trading style and risk...

sebastian.soik Updated 

After two days of climbing more than 30% it's time for STRBTC to pull back. Fibonacci gives us an idea of possible reversal targets. We still have no divergence on the RSI on this timeframe. MACD's bearish crossing confirmes it. Reversal Targets: TP1: ~420 Sat TP2: ~380 Sat

sebastian.soik

XRPBTC finally shows signs of strength. In the last couple of days Ripple was up double digit, a short-term pullback is expected. RSI shows signs of overbuy, momentum runs into negative, MACD shows a bearish crossing on the given timeframe. I had some old target lines, that I used to build my forecast. I also painted the estimated values of the SMA100 Indicator...

sebastian.soik Updated 

RSI shows a divergence between the tops of 27/09 and 30/09 Naturally there is a chance for a subsequent correction. If the price turns around to get higher we should be ready to buy into the asset again.

sebastian.soik

Gann Symmetry shows an energy point in the short-term. Long-term picture also looks promissing. Gann Sphere looks different on the realtime chart, here's a screenshot

sebastian.soik

Dash is still trading above the declining short-term trend despite the bearish pressures in the segment, and the coin is now far off from yesterday’s rally highs near $360. The all-time high just above $400 is also in sight, but a dip towards $300 is still likely before a sustained move higher, as the rest of the majors are still clearly in correction mode....

sebastian.soik

Bitcoin got close to the crucial $3500 level and lost some of its relative strength amid the China mining ban rumors recently, but the coin remains well above the crash lows and although further correction is likely, it is not expected durable new lows below $3000 during this cycle. A strong support zone is found near $3150, while resistance is now ahead at $3800.

sebastian.soik

Litecoin’s now headed towards the $44 support level, with the declining short-term trend clearly being dominant. A new low below the crash levels at $35 is still unlikely, and the coin should hold above the long-term base formation below $38. Above $51 strong resistance levels are at $56 and $64.

sebastian.soik

ETH held up above the $250 level during the overnight decline, and it showed relative strength today compared to BTC, as it didn’t hit a new low in early trading. ETHBTC 5M on Bitfinex The coin is also above the weekend lows, and although we still expect a dip below $250 before the end of the correction, the strength should be encouraging for bulls, and a...

sebastian.soik Updated 

Federal interest rates have increased -> USD gets stronger. FED announced to closely watch the markets to avoid unwanted movement -> low volatility expected tomorrow (traders are waiting) Bitcoin is more likely to test the 3500 support level than to start an upward ralley because of missing strengh above 4100. A test of the 4100 resistance level is still...

sebastian.soik

Tommy Lee: If there has been a bubble, it recently popped! ...well, yeah, hope you guys have been short as well ;) From a technical perspectve BTC has ralleyed to quick in the last days so there is likely to be another minor pullback, which we can already see on the lower timeframes. I expect the price to fall to a zone between 3.5k and 3.25k and a strong...

sebastian.soik Updated 

Litecoin turned lower off the upper boundary of the long-term trend channel, and it’s now testing the $64 support/resistance level again. As the coin is still deeply in overbought territory, more correction should follow in the coming weeks, with targets at $60, $56, and $51, with the $56 line being the most likely candidate, as the 61.8% Fibonacci retracement is...

sebastian.soik Updated 

BTCUSD already shows up some bearish divergences, momentum gets lower, macd shows weakness. Symmetrie looks like the could be some more upward movement during the weekend session. I will close all my long trades somewhere near 4.8k to wait for a minor sell signal on lower timeframes Fib levels have been set as downward targets. Bearish symmetrie points towards...

sebastian.soik

Red Pulse decided to limit their sales starting on September 10th to 51k USD per person inside a limited timeframe. In an email they wrote: "As you may know already, we are postponing the sale to gain more clarity on the regulatory environment. We want to ensure we are being 100% with all relevant regulatory policies and legal boundaries before moving...

sebastian.soik Updated 

LTCBTC shows a bearish divergence in the 1H RSI. MACD is going to already below zero. So there is a bias reversal is in the cards followed by a correction. Short-Term Support can be found at 12.5k and 11.5k. Pending orders to confirm reversal at the bottom Stop-Limit BUY 12.5k ---> 13.2k Stop-Limit BUY 11.2k ---> 11.6k Stop-Loss SELL 10.5k Target can be set to...

sebastian.soik

Due to the still increasing demand in south-east-asia bitcoin confirmed another reversal at 4.2k. There will be some more space, but there needs to be another correction before setting another upward ralley. So according to the chart's behaviour I think the 4k support line will me a nice downward target for the month of september. End of Sep / 1st Oct week we...

sebastian.soik

It looks like obvious that BTC + depending Altcoins are gonna surge today. There are enough analyses out there, target levels should be around 2,4k and 2,7k ultimately. But what about abitrage trades? cex.io: 4,35k finex: 4,15k I think this is really a reason to make some serious transactions :)