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ETH/USD Fib Extension & Continuation IdeaAssuming this latest bull run is still in tact, our 23.60% fib retracement level ($160) has provided strong support 3 times now and on high volume. I expect some volatility in between our 23.60% fib ($160) and the top of our bull run before the fib extension ($184) before ultimately consolidating and pushing for new highs. I will be a strong buyer all the way down to our 38.20% fib level ($144). A breach of this level could cause concern for a trend reversal, which would be confirmed with a break of our 50% fib level ($135) Keep in mind these price targets are not exact, and can vary by a couple % in either direction. These targets are used as a general idea in understanding the direction of the market as a whole.
COINBASE:ETHUSDLong
by Mooosebumps
Rippling is starting to RippleFor those who have been Rippled by Ripple, if you get in very soon maybe even as of 2 hours ago and still even now you may stand a chance to Ripple the f^%$ out of Ripple. Many once like I was rippled at their first climb but I refused to admit it, people in public would point and laugh as I shopped for groceries. I told my friends I was staying strong with ripple and that one day I ripple the rippler aka XRP, they too laughed and said I would not win the battle. I stand here today proud to say I rippled ripple and you may get the chance as well but the battle may be slow as it was for me. I go on to fight this journey until XRP hits 30cents although that may feel like the beginning also. If your in already enjoy the fight. If your not in, then join the fight if you please. If you do make sure you join when you see a big fat long red candle stick aka 'The Red Rocket', because I believe we are going up and if you join then it you will see green. If you join while we are at a peak and are not experienced do not panic if you see red for a few days, weeks or months, that's just blood and in battle there is always blood to shed. To those about to Ripple we salute you! P.S this is continuing my previous post
by donmecha
3
BTCUSD, SHORTFundamentally speaking, whatever goes up must come down, but the question is when. BTC has been proven to the new XAU. From a technical stand point however, I anticipate BTC to go up higher. Then dropping down dramatically on the macro level. At a micro level, here, in 120, we can note that we're in a corrective state, after completing the final wave 5 of Elliotts Wave. The correction has retraced past the 61.8 level of wave 5 and has maintained its levels above this. If we break above the resistance levels (1346.09) we can expect a move up. However if we break below 1300 its a sell down to 1285.47 Lets see how this rolls out ;)
BITSTAMP:BTCUSDShort
by EJSM
1
Ripple breakout above pennant, 100 day MA and long term supportRipple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high, which is a bullish signal. All in all, a lot of room for ripple to run between diagonal lines 1 and 0. Watch the RSI closely to see if XRP can continue this run. If we lose momentum we will likely see support build between green support line U and the 62% retracement. Consider taking profit now if you haven't already. Those who are building longer term positions, keep accumulating on dips.
Long
by FOMONOMO
Poloniex : BLK would it be able to break the resistance?The history of black coin is a little bit interesting. Near the end of May in 2015, it made a huge spike up to 23000 Satoshi. But, after that, it never broke above 11000's resistance line. Last few days, it moved toward that line again but, it moved up to 12000. You may think : "Great, it will break through it". But no my dear friend. two days later, we can observe that the shadows of the candles never met that price again and not only that, it even didn't touch 11000. So? There is a chance that market would try once more to meet this resistance line, either it moves toward it or it will not, after few days, the price will move down to meet the 23.6% retrace and that is when I would personally expect a correction move upward.
B
by CAB_Member
MAIDSAFE Super Trend - Decision PointWhite trend line (super trend) acts as bullish trend to signify re-entry/rejection. Rising Wedge pattern plus super trend re-entry with higher closes and higher lows gives high probability movement towards the upside to finish off the 5th leg to 0.00034. Possible rejection if price action moves above the super trend but returns back below. Ideally long positions have been opened from below 0.00013 for a 2.6:1 R/R. Pattern invalid if price action breaks and closes below 0.000115. If you miss this movement, look for an entry on pattern completion at 0.0001. A very low risk, high reward long position may be viable again in the future in ~1-2 years. Price action may regard that a break of 0.0003 will signal major bullish movements above and beyond target. Fundamentals of cryptocurrency market with geopolitical analysis show an affinity toward large investments in the crypto-sphere. This is not investment advice. My personal opinion is to hold physical positions rather than margin positions. A diverse investment strategy covering a broad spectrum of ideas and support for those which make the most logical and rational sense, will be the smartest decision to minimise risk and maximise profit potential.
MLong
by Yahweh
Poloniex : BELA DROP my dear friend DROP!Bela broke way high above what any one would expect, at the peak of it's pump, the volume was total of 2000 BTC , now? only 25 BTC as the volume . There is no way in hell that this market can hold up and it will drop, at least to the 23.6% retrace, but, there is a small support line bellow that retrace that many people may ignore. My personal observation of alt coins being pumped is that many many times, they break bellow the 23.6 target and many people wonder what stops the market from hitting the 0 retrace. That my dear friends is this small support lines. supports that most of the time, because of the huge spike on the price, we ignore but if you observe carefully, you will see that is a little bit above the old time high price and it is possible that it can stop the down fall of this market's price at that target. For time being, this coin will bleed !
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by CAB_Member
Poloniex : BCY moving for the floor priceAfter it's huge spike of the price near the end of 2016, from the start of 2017, BCY started moving side ways, a move that was expected after a huge pump and dump of the price. The chance for this currency to break above it's current resistance and have another pump in near few months, is not that big. So, the best move we can predict for this currency is for it to go back and hit the support line at the bottom of it's horizontal tunnel and move toward the resistance line once more. only after that move we can hope for another rise above the current top price resistance line. Right now the price slowed it's dropping pace simply because we are sitting right on top of a small support zone but there is little chance that this support zone can hold up for too long.
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by CAB_Member
Poloniex : ARDR would it break up or would it go side ways?ARDR is almost a new born Alt Coin, there is not much information in it's history for us to relay on it. From it's entrance into poloniex, it started moving side way, but last week it made a new high price, although it was slightly higher than the previous one, still, it means than the market tried to rise the price as much as possible above the previous high. Now, there are two possibilities, either the price will drop to hit the floor of the side way tunnel, or, it will retrace up to 23.6% retrace and then try another break out for a new high, in this case, if it succeed, it may have the chance to hit 1.61 target.
by CAB_Member
Poloniex : AMP will rise to the next resistanceFrom November to December in 2016; the price ranged between 11297 and 16478 Satoshi making this zone a very nice resistance / support zone for future of this market. It's more than a month that the price hit that Resistance zone and even after the second attempt at entering the zone being failed, the price didn't drop that much and the price moved based on it's upward trend line . If this continues on, the price will break into this old R&S zone and will get at least up to it's top. To be able to predict this market, if we look at the RSI , we see that after hitting the resistance, RSI didn't move downward for too much. That makes it more suggestible that the move will continue upward and break this resistance.
by CAB_Member