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Cryptocurrrency

EOS/BTC : 3 months of downtrend coming to an end?!! YES!!!!As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel 5 Waves counting is coming to an end as confirmed by the RSI If you examine closely, every impulse downward created a lower low in the RSI However the 3rd wave, usually the strongest, created an extreme low point This makes wave 5 extremely difficult to create an even lower low! so inevitably a bullish divergence has appeared, telling us that wave 5 is losing power and is coming to an end soon. this also obeys the fibonacci guide as wave 5 is approaching 100% of wave 1 What now?.... Notice the major fibonacci retracement zone that i've drawn and how the BINANCE:EOSBTC is testing the 50% line? i think it'll break through to complete the wave 5 and enters into ABC correction Now of course if the price goes straight through then the bearish downtrend will continue... But I think this is unlikely. FUNDAMENTALS EOS is built and maintained by an incredible team with amazing records of creating successful cryptos. FYI, Co-founder of steemit and bitshares is also the co-founder of EOS. Their Ico is ending june and will be going live! Furthermore, lots of Vc has been announced and HUGE capital are flowing in What do you think the price will be like in 2018? .......
Long
by petermoo
ETH 4 hour Bull Break Highlighted potential 4 hour cup and handle setup from the video last night saw some follow through with a break correlating to BTC. BTC holding up a bit stronger on the breakout,but we are seeing the 4 hour EMA 12 and 26 cross. Loss of the current hourly consolidation low will be a short term consolidation red flag giving us a lower high and lower low. Bulls trying to get over $900 psychological resistance today, which would require continuation and a break over the top of last night's high. ETH and BTC much stronger correlation to each other than LTC currently. Bulls working with some momentum from the Polo Circle deal announced yesterday which is very bullish for the space overall. Acquisitions are big time "bets" made by companies anticipating crypto popularity not going anywhere.
COINBASE:ETHUSD
by TheChartGuys
Cryptocurrency Market CorrelationIt's safe to say there is a lot of correlations in price in the cryptocurrency sector. There may be some inverse correlations short-medium term that provide opportunities on how to multiply capital, but medium-long term it looks like the market follows a general trend. This proves one can only be so diversified in 1 sector (e.x crypto) and that there is NO safe haven crypto to go all in on during corrections. Cash is KING and will go much further in crypto dips as USD value vs satoshi is much more favorable.
BITSTAMP:BTCUSDEducation
by JCBCrypto
BTCUSD Falling Wedge + 3 Diveson the 1D chart on the right, we have strong support, at 0.786 fib level, 200 Moving Average and downtrending support, also the bottom of the falling wedge. RSI is oversold, MACD is squeezing and getting ready to go up. on the 4H chart on the left you can see that BUY volume has reached an ALL-TIME-HIGH since December. Bullish! You can also see a nice green candle, that took BTCUSD from $8050 to $8850. I entered around $8400 and will hold. Will continue to add to position if drops to 6-7k, which is possible but not likely.
BITFINEX:BTCUSDLong
by JCBCrypto
1
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.
PLong
by JCBCrypto