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Doji

THETA about to make a move?Aside from the strong fundamentals on this coin, we can see a falling wedge pattern on THETA. With the number of falling wedge patterns, I do consider whether it is time to begin accumulating alts again. With regards to the THETA chart, the spike in the volume that formed a doji candle (indecision) has caught my attention. A break above this candle could trigger a strong move out of the the falling wedge pattern to our initial profit target at the 38.2% Fib. Stop loss orders below the swing low after the trigger. Set your alerts for a possible strong bull move. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto
2
Bitcoin at a crossroadThe next 24 hours will be critical to know which way Bitcoin is headed. I'm slightly more BULLISH for the following reasons: Bull flag pattern appearing with a projected target at Point (D) that confluences with the psychological key number of $8,000 Inverse head and shoulders pattern still in play with a target at $7,688 Weak retracement from the supply zone, that is multiple short candles on the way down (so far) A break of the supply zone with volume will be epic and we will see a candle straight up to the target. This will probably be a FOMO push and will reverse rapidly at this point. It is also possible the supply zone will hold and price will drag lower. On the smaller timeframes , there are already signs appearing that a correction is in need. Grind lines and rising wedge patterns can be observed. Therefore, it might be better to sit on your hands or wait for the BULL FLAG pattern to activate before entering long. There is still a way to go to the top of falling wedge trendline on higher time frames. This is a BEARISH pattern so this resurgence should be taken as a correction only until proven otherwise. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDLong
by hedgewithcrypto
1
TRXUSD not breaking yetThe price looks unlikely to break this wedge, this has been confirmed by the strong doji which had appeared on the 4h graph as the price touched the resistance level of the wedge. The price formed a doji and has started to move down, the RSI was also at an overbought level as the price tested the resistance level. The price is currently retracing and the RSI is positioning itself. It is not very clear which direction this pair would breakout, we would have to wait and look for a better confirmation. I will update this post if I spot anything that may signal the future direction of this pair.
BITFINEX:TRXUSD
by JohnnyPurtoy98
Past history candlestick analysis for Hartalega On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue. Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives the signal that the bullish trend is coming to an end). The trend then start to change. Stock goes downwards and tumbled, until a bullish engulfing pattern emerges on April 25 - 26. Interestingly, this happened 3 times! Triple bullish engulfing pattern! This also serves as a support line, which supported the price level on June 28 - 29. Stock rallied up and hit a bearish Harami pattern on June 11 - 12, signalling that bull has lost it's momentum. Stock drops and hit the support line where a bullish engulfing pattern appears, and then goes upwards until it hits a Doji on July 2. Market comes to a neutral tone and market is unsure to go up or go down.. in the end it goes downwards. Price could go further down until it hits the support line and change upwards, depending on the candlestick formation at that time. If it goes down it would hit the second support line formed by the inverted hammer. Notice the MACD histogram is showing an upward trend, signifying an uptrend of price.
MYX:HARTAEducation
by antaeusguy
Waiting for the breakdown on BitcoinSo on the larger timeframe Bitcoin has broken out of the rising wedge pattern, confirming further downside pressure is expected. I'm now looking for trend continuation trades to ride the wave should it continue as it's the higher probability trade. A smaller rising wedge pattern has emerged on the lower timeframes that has peaked my interest. I'm waiting to see if we will get another re-test of the upper trend line. A short pop above with RSI divergence would be very enticing. Otherwise, I'll take a trade on the break of the trend line using a stop-limit order to target the 38.2% retracement of the swing move from near $5,700 area. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDShort
by hedgewithcrypto
ETH - Weekly Price AnalysisRight now the price is moving down a bearish channel yet has been respecting the bottom trend line as well. The kumo is sitting between the 0.382 and 0.5 fib levels acting as resistance. Kijun and Tenkan are also acting as resistance and their horiztonal movement tells us the market is accumulating. The stochastic had a bull cross that looks to be a failed signal as it met past resistance and was not able to break it. However, the signal line is still in an upwards trajectory and the current dojis from todays candle as well as yesterdays indicate indecision on the traders part. TRIX is fluctuating up but hasn't had indicated a buy signal yet. My weekly high and low projection for Ethereum is: Low: 453 High: 549
BITFINEX:ETHUSD
by SpektreSignal
the doji stormhello a doji candle stick pattern has formed here on the #storm daily chart which i have marked as the first indicator for the trend reversal. secondly, the slow stochastic oscillator shows #storm has been oversold with a crossover confirmation (k%/d%) indicating a pattern reversal; the second confirmation. Let's see how this plays out given #btc however looking at the similar indicators of #btc at the point of posting, some uptrend movement expected after a few days of down movement. GL
S
by HerbHash
XBTUSD Falling Wedge Outbreak, Doji with High Volume - BTC BackThe pull back of yesterday could be over! We see a huge Doji candle with a high volume which indicates a reversal. This Doji formed at 50% fibonacci level --> Bounce off this support level. Additionaly we broke thru the down trend line of the falling wedge. This gives us also a signal to go long. RSI stopped going down and shows us a consolidation. DMI shows gives us the same signal. If we break thru the double bottom neckline on 30min Chart at 8900 we should expect a continuation of the uptrend for short term which will tell us if the up trend on 4h has enough power to go further. Here the 30min Chart:
KRAKEN:BTCUSDLong
by TimmiHendrix
Iota makes little correction before new highs.Iota successfully hit 1.99 resistance and it is giving a reversal signal. Doji candle has been formed , RSI shows overbougt and Macd MA-s are crossing, so we have good signal to short on correction now. reversal for buy point is at 1.80 level, because it is already Fibo Zone and there is strong support Line, for this time RSI and MACD will be in a good position too. next target price is 1) 2.14 and 2) 2.31 according to Fibo.
BITFINEX:IOTUSD
by Lasha-GiorgiChivadze
Bitcoin Analysis It is fairly simple, volume moves (and predicts) price action. The current rally shows the following: Starting on the 11th, the C.M.F. (green), A.D.X. (yellow), and C.M.F. osc. (peach) showed volume coinciding with the price rally, however yesterday we began to show a decline in overall buying power. We have hit the daily Kijun-sen (Base Line in pink) and continue to linger there, in the past we have wicked above it and still reversed. The Senkou (bottom of the cloud) sits right above the base line that acts as additional resistance. If volume matched the recent increase of price then I would not be worried about either. Also the Stoch and R.S.I can be viewed. Below that is a expanded view of our volume indicators on the hourly. (Note I changed the C.M.F. inputs to 50 to give me a more detailed look) The 12 hour shows exhaustion on the T.D. sequential. This T.D. indicator I have showing is a modified version (better) that Tone Vays created. (www.tradingview.com) However there is no other sell signals on any time frames as of this writing from the T.D. sequential. Below is the short/longs comparison on Bitfinex, longs are fairly heavy and can act as fuel for my short position. It does appear the rest of the market is starting to realize what I have been watching and adjusted their position as longs have decreased and shorts increased (slightly) in the last 12 hours (too late). Conclusion Multiple time frames show the Bollinger Bands capped, crypto generally doesn't care about the B.B., but it is something to take note of. Volume is not holding on the buy side, in order for us to continue a rally past the daily Kijun-sen and into the cloud we would need to see a large increase in buy power. In my opinion this is a perfect storm for another reversal, the 50 day moving average is one spot to watch for a bounce and potentially close any bearish positions, I will be monitoring volume there (as always). Below that we have the daily Tenkan-sen (Conversion Line in orange) that acts as support. As a note there is other potential bounce points to watch on smaller time frames, in this idea I am sticking to a larger view of things. I have been filling short positions and setting my stop loss just above the cloud Senkou leading span on the daily ($9,250) in case volume increases and I am not monitoring it. Slap a like and follow on this for me, even if you disagree. That way when I am wrong everyone can see in trending ideas.
BITSTAMP:BTCUSDShort
by Nick_Core
38