Short action: Approaching the late 2017 supports.As seen on the chart, the price broke the 1W support (106.323) after a 2 day consolidation. This bearish break out on 4H has created a new Channel Down (MACD = -5.800, Highs/Lows = -7.8064, B/BP = -18.1400), parallel to May's main channel and has already crossed the Sep 2017 contact point. Given the oversold status on RSI = 20.428, STOCHRSI = 8.840, ADX = 80.343, Williams = -81.689, we expect sideways consolidation to take place within the red box (95.856 - 87.374) in an attempt to harmonize these oversold data. Our short TP set is: 87.514, 70.855.
CRPTOCURRENCY
Bullish butterfly pattern nn PNTV chart with target zonesAfter pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then moved the bottom of it to point D). The XA leg added on top of point D is a common target for most harmonic patterns I've researched so far. Beyond that, the 1.27-1.68, 2.27-2.68, and so on are also common targets if bullish momentum continues. It just so happens that the 4.27 matches up perfectly with a very long-term trend line...
Long-term buy opportunity for #SNTBTC, let's hunt it together !Technical analysis:
STATUS NETWORK TOKEN/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 32.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.0000103 to 0.0000070), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000103)
Ending of entry zone (0.0000070)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.0000126
TP2= @ 0.0000160
TP3= @ 0.0000179
TP4= @ 0.0000237
TP5= @ 0.0000319
TP6= @ 0.0000374
TP7= @ 0.0000480
TP8= Free
BTC to 11k ?This is my first idea guys so bear with me.
As you can see after the first bullish pennant and two big moves up (1 & 2) history MIGHT repeat itself pushing the price near or above 10k in the first move and further close to 11k.
As history of patterns has shown this idea is very likely to happen but only time will tell the truth.
Wait for the breakouts and remember to take profits at the top of each move.
Happy trading :)
(This is not a financial advise)
BCH/USD, 1h, two spots to buy pullbacks2 days ago, BCH settled into to a small corrective structure (large red rectangle). As things played out, a well-defined resistance level became apparent and buyers kept buying in at relatively higher prices (red trend line).
Towards the end, an even smaller corrective structure formed and I was able to buy in with a limit order after price broke above and pulled back to it. This entry (at $1350) allowed me to set a tight stop and catch the breakout of the larger corrective structure. So far, I am up 5Rs (probably less by the time I finish writing this) but I think this trade could run so at this point I plan to hang on as a retest of the highs would be about a 14R trade.
This could play out a few ways:
Best case, BCH breaks resistance @ 1430, perhaps pulls back to retest, and continues on. A retest would be a good spot to have an order waiting. I will move my stop up after a solid break of this level.
Another possibility is that resistance at 1430 stops price and sends it back to retest 1370--this is strong support and would be a solid place to buy a pullback. Since my stop is already at break even, I will likely place another limit order here just in case.
If 1370 breaks on this timeframe that will a pretty good sign that the bears are back in control.
Attention! $Ebst PIVOTHello guys,
Thanks for reading my post. As you can see the at the little green flag there was a breakout in the past. Now we are hitting this Zone again in a very bullish uptrend! There are a lot of news incoming.
News in near future:
Okex Listing (Unknown, but planned)
fortnite tournament (Planned, no fixed date yet)
24th april texas government presention by Marshall Long (Gaming Director)
15th May AIRDROP $ALA Ratio 1000:500
Bitrex still not announced the support of the airdrop but likely will
Targets should be arround 4855, 8001, 10211, 12420, 15154, 19574
I will update new targets once we break 20k sat
All reasons to #hodl out
Bitcoin Falls to Trendline as ExpectedBTC hit the upward slopping trendline @ 7190 as expected. Now, if that trendline line doesn't hold, then look for a continuation downward to the 2 support zones, labelled 1 and 2.
The bulls are looking for price to move up sharpley as it did on Feb 6 of this year but it may move sideways for a bit as it did after the 9/15/17 low.
If price does move up, monitor the reaction at support zones A and B and see if they become resistance.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Bitcoin $8100 - $7500Price of Bitcoin has dropped as SEC (Securities and exchange commission) rules that crypto 'exchanges' will have to officially register.
Governments are closing their grips on crypto's.
Price revered at a strong resistance level of 11700$ accompanied by some bad news for crypto's this week.
Price still moving down a channel pattern with 2 strong support levels crossing between $8100 to $7500.
I'll take a bit of $QSP here #cryptocurrency #altcoins #bitcoinI would continue getting if it dips more in the near future
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BTC - Price Re-Tests Descending Channel - Short Bias Still ValidPrice is once again re-testing the top of the descending channel where it has been rejected three times already and the stochastic indicator is also giving a sell signal. As long as price continues to respect the top of this descending channel the btc short bias remains valid. Target is still 5-6k.
BTCUSD | FUTURES TRADING - Intraday Levels S4 (+$2000)Hey Traders,
we've an Intraday setup which is bullish on BTCUSD so Forex/FUTUREs Traders can take an advantage with quick wave,
so, First let us understand how we plotted our Intraday Levels In accordance with our Stoploss and Target
1. L1 Purple Extension is plotted from all time High ($19900) to Recent.Lower low ($6000) - (0.382)
2. L2 Yellow Extension is plotted from H4 High - LOW - (0.786)
3. L3 White Extension from Recent Swing, (0.618)
All three extensions forms a derived area by emerging (0.382,0.786,0.618) as our Target and resistance area
Bullish sentiments - 200D. MA Crossover (Candle Type - H4)
Entry - CMP
TP - $11370
SL - $7720
have any doubts? than, let us know in the comment section below
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Source - General public Information!
EDO/BTC TREND ANALYSIS AND PRICE FORECAST| FEB 9 |EDO/BTC broke out of a long down channel and made a high of 32k sats. After doing some correction, the price is moving up back again and we can see a short term break out which can continue the upside trend. RSI has turned bullish while MACD is also showing a bullish divergence.
TRADE SETUP
BUYING RANGE : 31K SATS AND BELOW
STOP LOSS : 27K SATS
TARGET : 36K, 42K SATS
_____________________________________________________________________________________________________________________
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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PPT Downtrend overPPT downtrend looks like it is pending a breakout and has also formed a falling wedge, a very BULLISH pattern in crypto.
buying the breakout or local swing high, selling on the way up.
risk: low
stop loss set at hard support (lowest white horizontal line)
falling wedge (wikipedia)
The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.