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Poloniex

XMR is not actually following a historical pattern but angles!The volatility has completely fucked up TA for most of the coins and same can be said for XMR(monero). This is a comparison study of XMR:BTC on poloniex trading site! on a weekly basis! This TA shows historic patterns and angles at which it rises to from a bottom formation! at the moment we are not in a bottom but a trading and digestion period so for the time being it has to complete its historical path to form a good bottom as shown in the chart buy zone! goodluck getting in and out! Remeber the bottom has not yet formed on monero(XMR)
by blankz13
1
[+80% Long-term] DGB/BTC POLONIEXI've been experimenting a lot with alts and this is one of those experiments. Usually, I only trade set-ups, get in, get out, but what's is there to learn if I do that every day? So today I'm trying for a longer term position, around 30 days. As we can see DGBBTC has beaten the down trends, the short and the (2 months old) long term down trends, and sustains a solid movement up. Even though I'm already in, I would suggest getting in after the first fib level is broken, this will lower your risk exposure a lot. I will be using Guppy Count Back Line as a stop-loss method. I would keep this on your watch list for this next week and see how it behaves.
DLong
by spectertrading
BTCUSDT 1 Hour Poloniex - 10 Day AnalysisLooking at the last 10 days of price movement we can now clearly see a large trading channel which has formed. We have the thick Resistance level of $4,000 - $4080 to break through which as seen seems to have been tried twice in the last 10 days. A good couple of pumps have seen BTC rise to $3900 - $3950 quite quickly. I would be he hesitant to say the price has consolidated in the high $3,000's. I would be inclined to say the pricing is showing consolidation between price levels of $3,900 and $3,500. Unless we hear some more bad news re a cyrpto crackdown it feel gone are the days of sub $3500 BTC for the next 30 days. If the price reaches $4,150 then there is a good chance that $4,500 will follow quite quickly followed by a quick profit take and dump back to $4000 testing it as a support level. Note: There is no clear trend still up or down, but what is clear is a definite sideways trading direction. This should be taken as a hesitation in the market, a sign of indecision from both Bulls and Bears. My trading I will\be looking for a buy position at $3,600 should it come and then will allocate x amount of BTC as a longterm hold position. Remainder will be traded on swing and day trading. Love to hear what your trading strategy is going to be. Its an interested time at the moment. Not very exciting though :))
by djkirbynz
BTCUSDT Poloniex 30min Chart Consolidation level and breakoutsLooking at the 30 min cart on BTCUSDT on Poloniex for swing or day trading I would be looking at trading the sideways trend channels and looking at closing positions if the sideways trend breaks either upper or lower levels. We have a good looking short term consolidation in a relativity narrow channel between $3620 and $3720. This is not a long term consolidation on price. The trading channel for profit is only $100USD. Volumes are showing that the demand is slowing down as traders look for key indicators to give a signal on what will happen next. Bears and bulls taking a breather to regroup and reassess their next moves. When the price breaks through the Upper or Lower levels it will be met with the larger well established resistance of $3,800 or the lower established $3,500 support levels. The bollinger bands are extremely constricted now and also indicates a smaller margin between buyers and sellers pricing. Again confirming a breathing period on the immediate to short term. NOTE: This is based only on a 30min chart and is not an analysis on the longer term trend/outlook. This information is aimed at day traders or swingers. Always happy for input as we are all here to learn as learning never stops in the market game, huh? :) Good Trading Everyone Dan
by djkirbynz
1
BTCUSDT Poloniex 30min chart. next 8 hours prediction.broke upper trend channel and broken through the resistance level at $3,600. powered up and through next resistance level at $3,740. next resistance at $3,810 the upwards rally is trading in a very narrow trend channel. Id be looking for a break through the upper and lower trend channel points as BTC movies through it. If BTC trades within this narrow channel it may reach $3,895 momentarily and then dump back down to the previous support around $3,800 quickly.
by djkirbynz
LTC Downtrend confirmedHey Guys, The whole market is bullish at the moment but we are still bearish with our positions as we see the market lacks enough volume to sustain at the news highs. LTC looks for a strong downtrend after reaching its support at 57.4 and now a reversal is confirmed as RSI and MACD also indicating bearish movement. It has a lot of resistance to fight in order to reach $68 while it lacks enough support while falling back. It should hold at 47-49 level before its next rally down to as low as $32 again. We'll keep this post updated as we see any other confirmations or changes. Happy Trading.
BITFINEX:LTCUSDShort
by forayushshah
4
Bitcoin, it it the way of 3000$ Again?Bitcoin Making an Nice triangle here, it showing price can jump or dump both of the directions. we should be prepare for all kind of situation. AFter biejing dead line announcment again bitcoin dropped 400$ quickly but remain stable after a while. Now price trading in consolidation zone, mean it can either go up towards 4000$ or can test 3000$ once again like indicate in chart, 3500 is last support for keeping market green, if it goes vice versa, then this will be genuine trapp. but not for long, we expecting this trapp as short term. Possible scenerios marked on Chart Good Luck
Short
by Crypto_Advisers
1
DASH - Sell now and wait for next entry levelHey Guys, It's not a good day at work! But we got to put our head in place and make the right decision to save and earn more. I hope my last 2 posts would have helped you do the same and if you did follow me on those posts, you would be completely unaffected with the crash as we suggested to HODL USD. Look at the crash as a buying opportunity and if you are sitting at losses, its always advisable to invest more and average out your prices. DASH is an amazing coin and it has a very bright future. A right entry can make you loads! We are looking at the first entry level at Point (A) as it meets its EMA 50. However, as the market is still bearish, we might get another entry opportunity at Point (B). It's a very important point as it hits the 0.618 FIb retracement level where a bounce back is almost confirm. I would still advice to always study the market situation before making any moves. Do write to me if you need any further information. Happy Trading!
BITFINEX:DSHUSDShort
by forayushshah
BCH Buying point - Keep an eye for a Strong Profit Hey Guys, I hope everyone who saw our post yesterday changed their coins to Fiat and we are now waiting for our buying point. Not a lot of people believe in the idea of BCH, but the coin does hold a future with the solid back up of Roger which can be seen in its last rally from $295 to $970 in less than a week. That means you could have easily got more than 3X return on your investment in less than a week. It's like a dream for a stock market professional but it's a routine for a crypto trader. As we see in the chart, BCH has broken its trend line and we got the second confirmation after it broke the FIB level. After today's fall, we may see a small retracement until point (A) from where it is expected to make new lows everyday. However, it will not break its previous low. Point (B) ranging from $423 to $340 will be the next strong buying point and I suggest you accumulate at different levels to average out the price. Post the new low, we should see a strong uptrend and expect it to make new highs above $1000 by the end of this year. However, I always suggest taking profit at every level to play it safe. Do write to us or feel free to ask any queries in the comment section. Happy Trading!
BLong
by forayushshah
4