Crytpocurrency
XRP - The Best Bargain In CryptoVolume is increasing on XRP which means the price should increase. I personally feel like now is the time to buy XRP (anytime its below 50 cents its a steal).
Charting the USD/XRP pair has been challenging as BTC has continued to move sideways.
In my previous charts XRP flirted with my targest but has remained bearish.
Bear markets are great for people like me who will buy XRP. My target is always 0.50 - so to be able to buy it in the .40 - .60 range has been a treat.
The minute BTC turns around we are easily a .70-.80 Ripple - very quickly.
The chart is similar to the BTC chart. There was a double bottom reversal - we should be moving up at this point. 0.55 is an area we need to get through. One day ripple will be strong enough to move independently but unfortunately we seem to be at the mercy of BTC and its movement (or lack there of).
I looks like we bottomed and are recovering this morning. I expect XRP over the next 3 days to get back in the .50 range and start looking toward the .60s.
DASH quick channel tradePretty simple. On the 3 hr chart, DASHUSD has been in a channel for about a week.
Entry: $256.50
Stop: $250
Target: $269
I still would like to see another round of more lows in the overall market, so i will exit this trade at the target and reassess at that point.
Travis
JMJ - UIOGD
LTC - Ready for blastoffLitecoin looks great on a 1D chart as you can see the three drives pattern in effect. There's no telling when just yet but at some point we should be testing the top and seeing a breakout to the ATH's. Look for consolidation inside the support/resistance before an attempt to break the top. End of the triangle would be right aroud July 17th - there is some time we could go sideways.
BTC - Land of the lostHello all cryptoonions,
BTC has still yet to show any bullish reversal so far. It is now well under the daily 0.618 fib with little established support below the 2018 low. If we zoom out to the daily chart, in theory the massive run up to the ATH is the flag pole and the current price is now at the apex of the flag as shown in purple triangle. At the bottom is the $6000 mark, and will it hit again? It is looking like a break above the green trend line will signal a breakout that BTC needs. A break below the yellow bottom will signal further sharp falls. As BTC is close to the apex of the massive triangle the break will be sharp, whichever way so be prepared. also, There is a massive confluence of factors(purple ,green, yellow lines) at the $7000 -$7200 mark which will take an almighty breakout to happen right now. We all know that wont happen right now because of the lack of buyers. So sit back relax. My December estimate is still at $12000 USD. While not the moon it is realistic and is a platform for next level.
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*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
BTCUSD -- May The Odds Be Ever in Your FavorHello Crypto Friends! Let's see how Bitcoin is doing on the BTCUSD 4 hour charts.
If you look at our charts we just saw a nice $400 dip in the price of BTCUSD. Volume has been on a steady decline and loos to have been consolidating since early March levels. Right now we're keeping a watch to see if BTC breaks our green support line around the $7000 area.
Scenarios:
The two scenarios coming up are whether we see BTC ride our Green positive support line or the bears stay in control and we ride the pink trend-line further into lower levels. We'll keep a close watch to see if the bulls take control or the bears keep pushing the price down.
Feel free to hit the Like Button and give us a follow if you liked our analysis.
We are currently long on BTCUSD.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Bitcoin Halving will lead to next ATHIn the coming weeks Bitcoin will be making a big move. No one really knows what direction it will go. However, one thing I do know for that is is highly probably is that Bitcoin will not make a new ATH this year or the following year. My reasoning stems from the trend that Bitcoin has been on since its inception. So far Bitcoin has had two halving periods. 2012 and 2016. Each year began with Bitcoin initiating a bull run into and beyond the halving period.
Thus, short term I suspect Bitcoin will continue to go sideways and potentially develop a massive consolidation triangle. This is my "bullish case." Personally regardless of what happens when Bitcoin breaks the symmetrical triangle I do believe that Bitcoin will go on a bull run at the beginning of 2020.
If you like this idea please follow. I will be beginning to post all my trades and ideas here on trading view.
Technicals are good, we are just missing one more thing... (BTC)hello everyone
Today I'm back with an new idea. BTC is back in an positive momentum, let's get straight into the technicals.
1) So the first thing that caught my eye was that the situation back in April was very similar with the situation at this moment. We see a lot of 'history repeating itself' in this market. If that's the case, it's just a matter of time when a big institution is coming in so we can go up a thousand in one day, just like we did back in April. After that moment, the rest is going to follow.
2) Number 2 is about the flag pattern. We can see clearly that the lows are getting higher and the highs are getting lower. That means that volatility is going down + a flag can be created. (A flag is a very bullish pattern in technical analysis).
3) a clear head and shoulders pattern. (very bullish aswell)
Despite the fact that I'm incredibly bullish on BTC (long term), I'm going to wait with a new trade because the volume is still going down. Volume has to increase before we can speak about a bullish market again. The volume will increase massively when ETF are coming out, I look forward to that. I set a new order on 7.2K.
(this is no financial advice)
comment your thougts
ADA\BTC I have taken my position for long term investment! Hello again friends, this time it's the ada the coin that has been added to the portfolio lately
I think if we will have good opportunities for profit in ada if btc now breaking this 7500 wall again.
Ada hit the trendline from 08 \ 12-2017 a couple of days ago and has stably found higher support since then.
- MACD and RSI are showing upwards momentum at the moment and
-MACD crossing on daily, if we can get some volum back to the market now should we see ada then go back to 3900 arena.
- I'm not a financial adviser, this is just something I do and these are my opinions and thoughts.
-Our mission is to be a Community who help each other as good as possible, but especially the most recent ones. We believe that sharing knowledge and learning from each other is the strength of success. In numbers the are strength
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BTC Update (Bear + Bull Forecasts)The point of the vertical white line is the 1.618 price and time zone of the next wave. If this is another corrective wave we can expect that area to be the top. If this is an impulse (subwaves of a larger wave 1) then we will still have a pull back (subwave 4) before going past the potential 'C' point. I'm afraid that until this 7900 region is tested it's quite hard to say what will happen. I'm sure that either way this will be a major resistance area as both the bull/bear outlooks show it to be a major point of interest. Either you sell there and the price never goes higher or you sell and then re-buy the breakout.
(The lines I have placed AFTER the vertical white line are purely conjecture).
$ada:eth riding my meme linesBITTREX:ADAETH finding itself inside the trendlines I have for it, I try not to put too much weight on the lines I make it's more for me to see the general trend / speed of trend change. ADA derivatives have the potential to provide price stablization; currently I feel they give too much incentive to short BITMEX:ADAM18
LTC retrace pattern still playing out wellThis trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of $114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end of this flag to break out into another bull run and flag. I would wait for a double bottom if we do drop to jump back in and confirm we have bottomed.
NOT TRADING ADVICE
Bitcoin indecision= money spot This is one of my favorite strategies to trade when it presents itself.. as you can see we have people buying the dip and people selling the bounce, lot of indecision. In times like these I like to see what the big players are doing and like zooming out.. Overall we are in a buyers market but miniature sellers at 9600 where it couldn't go past it. So this money spot that has formed is perfect for figuring out where the next trend is going. If we break below it will be very easy to see a target of 7100 and if we go up we will be restesting 9500-9600 and should have enough force to break it and give that 11.6-12K we are all looking for, time will tell and I will continue to wait until this unfolds but a nice move will be coming.
BTC: Pullback Buy Zones for Long Position EntranceBased on the BTC DAILY Stochastic RSI, BTC needs to reverse and find a bottom before returning on an upwards price trajectory.
The weekly Equilibrium pattern, weekly reversal inverted hammer candle, and 4-hour Bearish Engulfing candle, show signs that BTC is looking to find lower prices in the short to medium term.
I have outlined 3 "Buy Zones". When the BTC price reaches each zone, I will be assessing the probabilities that BTC will reverse from that location - or go lower. If the odds indicate BTC is ready to reverse, I will feel comfortable entering a long position.