This is not a XRP break out! .45?XRP has formed a sub-local H&S which indicates a small reversal of this last drop from the .5 cents. It looks like its going to be a WXY correction up that should bring it anywhere between .44 and .455. We are right now on the leg up which will contain a sub (abc) within the XY wave.
CRPTOCURRENCY
3 Reasons why I think Bitcoin is in bear marketI clearly have three reason Bitcoin will be bear market.
1) The price has broken pitch fork's final Support. It could be over sold due to RSI but we must aware that the trend has broken and shifted to bear market. We may see bounce and turn into bull market but I highly doubt that.
2) From Bottom price during 2015 to recent ATH, the price failed to hold 0.786 Support. Are we able to see price bounce? Yes! but the probability is really low.
3) According to VPVR current price range has no momentum to hold the price. there are many bag holders that willing to sell when price gets higher.
In conclusion price can go up but from chart analysis view, it is likely not going to happen. When market is in consolidating or have no clear chart, it is best to stay away from it.
cheers!
BTC Forming a Head & Shoulder Pattern, What Next !!BTCUSD Testing 6250 Support Again Again,
And forming a Heads & Shoulders on The 4Hr. Chart.
Which is not Looking Good for BTC at The Moment.
Head and Shoulder Formation Indicates Bearish,
If We Break Below 6270 or 6250 Levels Then 6150 Levels Can Be Seen.
We Need Confirmations IF BTC Breaks Below 6250 or Not.
Then Only 6150 Can Be Seen.
Thank You Guys For Watching This Chart.
Legal Stuff:
Never put in money that you cannot afford to lose.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
A trading opportunity to buy in BATUSDTechnical analysis:
. BasicAttentionToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend and the RSI downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.175)
Ending of entry zone (0.130)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.242
TP2= @ 0.278
TP3= @ 0.312
TP4= @ 0.362
TP5= @ 0.424
TP6= @ 0.516
TP7= @ 0.676
TP8= @ 0.903
TP9= @ 1.043
TP10= Free
A trading opportunity to buy in POLYETHTechnical analysis:
. POLYMATH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00072900 to 0.00063240). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00072900)
Ending of entry zone (0.00063240)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00080150
TP2= @ 0.00086840
TP3= @ 0.00096640
TP4= @ 0.00109970
TP5= @ 0.00123360
TP6= @ 0.00142320
TP7= @ 0.00166570
TP8= Free
Eth longlong 5 Eth 223.96
looking to increase size
No hard stop, most likely close on break below of the top of the wedge break out unless i get a clearer view on an hourly time frame
The market has has had a nice bounce.
The bounce could be fading out....
Not trying to guess a reversal or what is coming. Playing what is
ETH Long Orders: Potential place for a technical bounce Looking for long orders for ETH between $140- $160
Ill start scaling into a long just under $160 with the majority of my larger orders in the mid $140's.
For profit taking, Ill be looking at the $220 area to start taking my first bit of profits
ETHUSD Long chance for few days fast profitAssumption: Bitcoin price is stable or even bullish. If Bitcoin turns bearish again, this trade has to be stopped.
We can observe a "day-level" divergence on ETH price.
Please adjust the leverage and calculate your own the great amount you may lose before starting any trade.
Long (10%)296-302USD
(30%)290-294USD
(40%)280-289USD
We keep 20% position until we confirm the break out(i.e. breaks 310USD with volume) then we may utilize the high leverage platform(i.e. Bitmex) to start a scalp trading and can expect to close that newly added position in 48Hours. Please use 20x or lower with VERY VERY VERY little amount of your deposit with this scalp trading.
You should only put "all you can lose" on high leverage trading. A platform provides you with 100x leverage but you do not need to use the highest leverage.
Strict Stop loss: 272USD
If it breaks 279USD, we should close some long position above 290USD. It seems a bit sensitive but we care about the total ROI of your portfolio. Strategies must be defensive in order to protect your funds.
Our target price will be 340-348USD. If you can hold longer, we may see 360USD in coming weeks. If you want a fast profit and want to sleep well, you can take profit at 330USD, it is expected to reach in coming days. If ETH price breaks 340USD and pullback, please lock profit at 330USD and close all margin position.
Start bitmex trading with 10% discount on trading fee(No KYC is needed):
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Aftermath of BitcoinHi everyone, i want to mention about some possible scenario(s) fmpov. Firstly, we're in a big triangle ang getting closer to end of this. Frankly, while in ambiguous market price stayed loyal to this triangle so what would be occur from as of now? As you can see diamond pattern is forming and must watch for reaction from this pattern. On the other hand h&s might be play out, if happens price should give us conservative rejection from 6.8k level. However, after 6.8k price still opt to upward movement (more likely to upward will occur) tp to 7.2-7.5 level(s) would be wisely. As i emphasized before when we obtain a clear breakout (prolly soon) from the triangle you can consider my elliott wave as an idea. To a conclusion: Never FOMO, be patience, believe your capability and Cheers all!
Bitcoin Bulls might be done until 2019The Bulls of Bitcoin have continued to stall out with small deadcat bounces from my last Published Idea in May.
I anticipate more lower highs and lower lows that have squeezed us down into this 7 month decline from the ATH. Expect to see the price to ride the ATH down trend resistance/support lines into a very large symmetrical triangle that started at the top of the Feb-March recovery to $11.8k.
If the market volume continues to dry up because of bitcoin, we could see prices back under $4000 after Christmas. Will this be when Ethereum takes its turn at the top of the marketcap? It will be an interesting scenario to follow through the end of 2018 and into 2019, for sure.
A trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.227)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
Cardano will continue downtrendI'm opening shorts on cardano. Maybe title is not relevant to my thinking, because it's not trend analysis.
I don't like to call it fundamental analysis too, because I don't really believe on fundamentals of crypto markets, but thats just a "guess" and interpreting of situation on BTC and possibility of running ETFs by CBOE.
I strongly believe that CBOE will run Bitcoin ETFs, because thats the istitution from the inside of the wall street. It's not some crypto exchange guys, that didn't exist on wall street few years ago.
Now it's really big players coming to it, and they all knows each others, they graduated the same Universities and at the end they are all from Goldman or JP Morgan, so I can imagine that they are talking about it behind the scenes.
So what is my game plan. Since I still keep my shorts on BTC (but soon - before 08/10 - I will reverse that positions) I'm starting to opening shorts on ADA and other altcoins in pairs with BTC. When big players will go with their huge money to BTC, it will for sure go up and as the results regular crypto players will want to enter that train and will transfer money from alts to BTC. Of course I will have both - longs on BTC and shorts on few alts and I hope alts will maximize my profit :)
There is a possibility for the beginning of uptrend in PIVXBTCTechnical analysis:
. PIVX/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000240 to 0.000212). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000240)
Ending of entry zone (0.000212)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000298
TP2= @ 0.000337
TP3= @ 0.000385
TP4= @ 0.000425
TP5= @ 0.000482
TP6= @ 0.000557
TP7= @ 0.000664
TP8= @ 0.000923
TP9= @ 0.001116
TP10= Free
There is a trading opportunity to buy in SCBTCTechnical analysis:
. SIACOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000120 to 0.00000093). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000120)
Ending of entry zone (0.00000093)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000157
TP2= @ 0.00000179
TP3= @ 0.00000207
TP4= @ 0.00000239
TP5= @ 0.00000264
TP6= @ 0.00000319
TP7= @ 0.00000393
TP8= @ 0.00000453
TP9= @ 0.00000745
TP10= Free
A trading opportunity to buy in NXSUSDTechnical analysis:
. NEXUS/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.26 to 0.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.26)
Ending of entry zone (0.75)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.69
TP2= @ 2.16
TP3= @ 2.60
TP4= @ 3.63
TP5= @ 4.80
TP6= @7.10
TP7= @16.82
TP8= Free