Crytpocurrency
Reddcoin Round 2, Long Looking at the daily we see price has hit major resistance @ 115 satoshis, and has since retraced as low as 77 satoshis. Stochastic RSI showing momentum has radically shifted towards the downside. Until BTC has found support, expect altcoins to follow after some consolidation. Expecting a drop towards 60 satoshis in the next couple days. If price does not hold at this level expect RDD to fall as low as 50 satoshis.
Conclusion
Buy after support is reached @ 62 and daily confirmation of support.
WANCHAIN ENDING DIAGONAL FOR WAVE 5?Heres a potential trade for Wan, green box will be a potential entry, if the volume is there too! Which is important, so you don't get bull trapped, and red box will be where i'd set my stop, a tight stop, because if we fall through the black trendline, the count changes!
However, at the moment I'm seeing it as an ending diagonal about to go up for a final wave 5. So ill be watching for an entry at the extreme of the B wave coming down (green box) and riding it up to the top taking profits on the way.
IMPORTANT: What confirms that we could still get higher, is because i only count waves 1,2,3, and potentially a completed wave 4.
We can see an we've had an exact 1:1 hit, for our big wave 3 up (pulling from our big waves 1 & 2).
So because our wave 3 is in, and potentially our wave 4 also, the highest probability target for wave 5 is always the 1.618! But because of our deep wave 4 cutting into wave 1 territory, our impulse up has become an ending diagonal. Which I'll be looking to play up to the top black trendline. But the most bullish outcome is if we do hit the 1.618, which is the usual target for our wave 5, when wave 3 is 100% of wave 1, which it have hit TO THE TICK.
IF WE DO ENTER THE RED BOX ALL BETS ARE OFF, BECASUE THAT WILL MEAN THE CORRECTION ISNT FINISHED FOR WAN. AND I WONT BE ENTERING UNTIL WE BREAK PAST THE GREEN BOX WITH CONVICTION.
If I'm feeling aggressive id scalp that nice 5% up to the green box (my entry for the big wave 5 up). By entering now with the green box as my target. Its the more aggressive play.
**NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
BTC- Live Another DayHello cryptoninians, how is it going? Here I like to give punters a short to medium term view of the BTCUSD -0.22% . That can be anywhere from 24 hrs 2.71% to 1 month. The trajectory of BTC -0.22% has levelled out on the 4 hr -0.93% chart. BTC -0.22% has found sound support at the $9100 level. The marked correction was expected and is healthy for BTC -0.22% as with all the altcoins.While, the falls have been significant crashing through many supports, there will be a rebound. When moon when lambo you ask? There is no easy way back to challenging the $10k again. The EW is not stable enough to get a reliable reading at the moment, but the best I can work out is there will be a bottom at $8632, according to my count shown. It looks like Wave A is complete and now going back up [ for the B. BTC -0.22% will need to get back above the 50 MA inside the channel to show strength. The volumes dropped off dramatically which might mean the investors are regrouping. As for the the indicators the stochastic and RSI both confirm market still falling and once they start curling back up wave B will be printed. Also the the good news is once the whole EW correction phase is complete there should be a massive impulse wave beyond 12k. On the whole this is a matter of waiting on the sideline for now. Our swing high target $9566, while the swing low $8632. Happy trading cryptoheads!!!!
*Each individual trading position is unique and this information should not be used to formulate any type trading plan.
Weekly Momentum On Major Pairs (Week 19/2018)XXX/USD: Very Bearish
Gold & Silver: Slight Bearish
XXX/JPY: Bearish (It means “risk off” is on the card)
USD/XXX: Bullish
Indexes: Slight Bearish
BitCoin: Bullish
DYODD and Trade Safe
s0nic
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Break Token's ChannelHello,
You guys are looking at a 4H chart for BRD. As you all can see, the price of BRD has been hovering between these two channels as you can see. Also, it has been rejected to break this channel multiple times. Even it tried yesterday, Apr.30, 2018, to break the channel, but it failed and BTC also is in its correction. Let's see what happens after BTC's correction.
Happy trading.
PUMP....and....Wait For It......DUMP!!!WTF is going on? I have no clue but look at this thing its more of the same but different. In the end, it's just a chart and charts are lulz.
I've eliminated all the extra indicators and highlighted key resistance and support zones for the mother of all BULLS, BTC. Expecting this mega transforming monster beast to go full BEAR in a matter of a few days or so....maybe...?
Note the Vegeta Meme support line and the price action that occurs in this range whenever the meme game on Reddit r/bitcoin gets weak the price fails to break the 9000 support level but then them damn Redditers step up their game perhaps with a little help from the #cryptotwitter fam to push that price over the top.
Nothing new here, just a little image that shows some squares and triangles and different colored lines. I like how the green and red columns respect the long term bull trend and bounce like a ping pong ball off of the higher resistance levels. One of these days we'll break the trend but it won't be today, or it might but probably maybe...or not. WHO KNOOOOOWWWSSSS?????? Not me.
I expect, with a fresh round of futures that the boys on the street will be manipulating the price down to the One Year Trend. Long term HODLERS won't be shaken out very easily and the smart ones have already taken profits. The price is coming down short term but will be on the moon, soon.
Don't be the guy who buys high and sells low. Pay attention and have a plan.
Take a friend, it's dangerous to go alone.
I only recommend sleep. Get some good sleep.
Charts are silly, good luck.
#BTC Im bullish as hell :) Let me see this! LONGYes, believe it or not. But the beginner has called it. :)
Now I will put all my technical analysis into consideratio and look at what i think will happen to btc over the next comming months. So this is what I will expect from btc the next 3 months.
I do not want to go deeper over all of my technical analysis but I can tell with short words why I think it will be something soim this.
First of all:
We will soon go through one of the largest crypto event in the world, Consensus 2018, at the same time there is also a big crypto event in Scandinavia
Bloxpo event in stockholm the 17 \ 05-2018 the largest crypto event in Scandinavia.
It's no secret that there were many in Scandinavia never heard of crypto before the news channels started informing people about this more and more recyclable by the end of 2018. This makes me believe that there are many who was entrying the market through this news up here in the north. Nevertheless, large parts of us have been scared when we bought bitcoin very expensive at the current price to judge. But still I think there are many who have accumulated and approached more knowledge within this market such as myself.
I therefore expect a bullish market out May and maybe in the beginning of June where the whole ppl of Scandinavia goes to summer holidays, then I think the market will take a little break with a smaller bullback before we start hunting for new heights. I expect btc at 20k around September\October period, then we goinig for a new alltime high 30k.
I'm not saying it will be, but this is a scenario I can see for me as a healthy growth of bitcoin from here.
Lets us see over the next months if this plays out. :)
Again, do not take your choices based on my opinions or charts, do your own research and never invest on others' opinions and beliefs.
#LTC, I mabye see a reverse head and shoulder pattern??LTC, I mabye see a reverse head and shoulder pattern on the 30 min charts. lets see if its plays out.
As you can see, we are in a symmetrical triangle, indicating a bullish trend with higher lows and lower highs.
So i therefore expect a breakout after bullback.
Macd and Rsi pushing down, so i expect a bullback from 152 to about 148 \ 146 soon.
Do not take your choices based on my charts as I'm still learning myself. Trade safe :)
ETHUSD ETHEREUM Has completed it's initial pullbackSeveral days ago when ETHUSD was hitting the long term Support/Resistance Level (S/R Level) $684, which strangely enough was the breakout target of an ascending triangle pattern I noticed last fall, in October. The recent bottom of ETHUSD around $383 is where the upper boundary trend line of that ascending triangle from last fall.. I had a pretty good hunch that that was the bottom when it hit it, TradingView let me know as I had set an alert on that trend line. March 30th, I posted it to Canadian Crypto Collective page on Facebook www.facebook.com on April 7th I posted that the support at $383 would cross the daily downtrend resistance trend line on April 12 and that day it would break out and start an uptrend or breakdown.. April 12th it broke out starting this new uptrend. April 23rd, I posted that there would be a pullback as it had just hit the $684 level and suggested a pullback to the current trend support in the daily time frame because we had been following what I call the primary trend, which is steep and took us far from the support trend and the $684 S/R Level is historically strong and would initiate a pullback to the current trend in the day timeframe at the very least.. we have a few days left till the current trend support line crosses the $684 level so it could be tagged again.. going forward, a break below the current trend line we will most likely drop to the initial trend support line.. I have them all tagged on the chart to help identify them,, this video shows the price movement as I predicted in my Facebook posting on April 23rd
Here is my postings on StockTwits calling that a pullback was imminent... stocktwits.com
Enjoy and stay tuned, I will try to publish more Ideas.. I post mostly on StockTwits and have a Twitch channel www.twitch.tv
My Specialty is Trend Lines, Levels and Volume. I used to use more indicators etc, RSI, Stochs and Fibs etc.. I have been doing my own research for the past 4 years into trend lines and behavior around them, some chart patterns.. but I'm very good now at picking powerful levels and can predict price movements with pretty reasonable reliability.. I'm not always right but the information is useful.. especially if it's an unexpected breakout..
Anyway, hope you find this useful
BRDBTC buy opportunityBRDBTC buy opportunity, Augustus Release (ERC-20 token support) will be announced around 7th of May.
BTC and BCH - The Race of 2018BTC 9k was broken, BCH has been galloping, past every resistance day after day, and where are we now?
We're pushing the redline way too hard. This is where we look to GREED getting the best of good traders. I am not suggesting pulling anything off the table, because this momentum is just astounding, however there is some real concerns here. It would be prudent to at least set some stop losses up, however most exchanges only provide USDT stop-limits and not stop-loses.
This has been an absolutely outstanding run, with BCH still outpacing BTC, but BTC has been getting some real pumps that end up pumping BCH. We've passed a 0.15 BTC/BCH ratio, which is a nice mental block. Next stop is the 0.2BTC/BCH and then we've got 2 outcomes - "The Flippening" and "The Flop"
"The Flippening" - BTC users continue to exchange BTC-> BCH and BCH becomes the more dominant bitcoin-fork.
"The Flop" - BTC users (probably using Tether) pull their earnings off of BTC, causing the value of BCH to crash and the reflex of BCH users to exchange back BCH->BTC, most likely causing a 0.1BTC/BCH ratio to return.
Right now, BTC(Core) still has substancial sway on the value of BCH. However, as AntMiner has been burning BCH, they may be attempting to stabilize the value by creating a "lost funds" vacuum to allow for the effects of BTC to be less evident while also making the remaining BCH more valuable. Bitcoin.com also has indicated that in May, BCH will be reintroducing OP codes and allowing for more innovation to occur. We will see if that happens though...
We're pushing the peak of the V.I(+) but V.I(-) doesn't want to stay this low for long either. We could see some violent volatility soon, but that's half the fun... Right? (Channeling Roger Ver)
RVI says we are good to go, we're not pushing up too hard, but again, that's most likely due to the fact that V.I.(-) is so low. I would call this a false-positive indicator for a sweet spot. Caution here with the interpretation.
Volume is just going up-up-up and its green for days on end. This is good news to counteract the false-positive RVI, however with high volume, we should start to see the bears try to scalp the market.
Also, remember, we're still technically in a bear market. Just because we've had an outstanding week, doesn't mean this is a signal for the end of the slump. Never invest more than you're prepared to lose. Legally, I must inform you I am not an adviser, and this is only a hobby. You make the trades, I just state what I see speculatively.