Doji
Substratum (SUB) going for a new run: Possible 200% opportunitySubstratum is displaying a bullish MACD divergence together with a Doji 4h candle on the exponential channel support. I believe these are strong indicators that a second runup in price will occur. The two previous runups peaked at the 2.618 Fibonacci extension of the previous one, which sets the take profit range at around 35ksat to 40ksat. Buying at the current price of 13.8ksat will provide a rough gain of 200%.
However, the bearish trend seen since the previous peak is relatively strong. I recommend setting a stop loss order at 12.5ksat
Buy: 14ksat
Sell: 35ksat - 40ksat
Stop loss: 12.5ksat
BTC Short Term Bounce?Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line, which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross over on the MACD, indicating the bears are losing momentum and can't drive the prices lower.
At the bottom, we see a long doji candle. These type of candles are often a powerful reversal signal. In addition, Bitcoin failed to made a higher low, which could mean that the downtrend is over.
Possible Trade Setup:
Stop Loss: 13700 (Slightly lower than the current low)
Target: 15740 (upper trend line in descending triangle)
What is a cross over?
www.google.com
What is a doji candle?
www.google.com
Potential Short Play for AUDJPYThis currency pair is having an overly extended bull run at the moment. As we can see, RSI(14) is indicating an overbought reading. This currency previously managed to survive the 88.0 round number and manage to go even higher. But take a look at these aspects:
1. A strong rejection on the 89.10 territory. The same rejection happened on 20th and 27th of July, 23rd of October 2017, and if we pull a fibonacci retracement all the way from 21st September 2017 high down to 28th of November 2017 low, we can see the current price is hitting the 23.60% retracement.
2. If you switch the timeframe to 4H, you can clearly see there is a RSI(14) divergence observed in this currency pair.
3. AUDUSD is making a doji in the daily. This indicates that bull's exhaustion for OZ dollar and bear is potentially going to take over it (signalling that OZ dollar is started to get weaken).
GNC Weekly Reversal CandleGNC created a weekly long tailed reversal candle that could lead to good profits. It needs to break $3.86 for confirmation, and the stop loss is placed at $3.12. First target is $6.50. Size accordingly to keep yourself in the game.
Ripple RippingRipple has remained resilient and avoided getting hurt by the tremendous pullback in cryptocurrencies beginning on December 22nd. It has shattered technical and psychological levels as it rocketed up to the $2 handle, where it now currently resides, decidedly stealing market share from Ethereum, usurping it as second in market capitalization, under Bitcoin. This is quite a departure from the $0.20 range where it sat for months boring investors who were taunted by substantial gains in other altcoins. Investors should be warned that we are currently at highs right now, so we can expect a retracement. We appear to be forming a doji candle today, which supports the fact that a pullback is near.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
BTCUSD: setting a bottom?When the candle of today (at time of writing the daily candle closes in 40 minutes) forms a doji or spinning top , it signals that BTCUSD is setting a bottom around USD 14,000
The case for a bottom is strenghtened by the lower shadows, which signals buying power, of the previous days.
spinning top: www.investopedia.com
BTCEUR: setting a bottom?When the candle of today (at time of writing the daily candle closes in 40 minutes) forms a doji or spinning top, it signals that BTCEUR is setting a bottom around EUR 12,000
The case for a bottom is strenghtened by the long lower shadows, which signals buying power, of the previous days.
spinning top: www.investopedia.com
Vertcoin Indecision - 12-12-2017Today's doji reflects true indecision. Since it was halving day, this should not be a surprise.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
$BTC prepare for $6KBTC could go lower. When it goes to the 100 day average it will be around be $ 6,000 ...
There is a 2,000 $ (!) Doji after the bull run to almost 11,500 $... The last big crash I remember was the run to an ATH of 1,100 $ ... that ATH fits easily in the doji of yesterday: food for thought
And it looks like the buy volume is getting lower and sell volume is getting higher.