Oversold XRP or the road to Vegas!We have too oversold XRP now, indicators show this. We broke the trend and now have a reversal. Expecting 0.000161 and then 0.00020+ in a short period of time. Take care and make profits!
Poloniex
Ripple UpdateTrading altcoins is tricky. It's the most volatile thing ever! I first tried to buy into XRP at the circular region and immediately saw 20% paper gains. Then we all know what happened next. While I slept, altcoins dropped like flies. Good thing Poloniex has a stop loss feature. Bad thing, I couldn't make buy order while sleeping. Altcoins have since recovered with ETH setting new highs (unbelievable).
For XRP, we are looking at the break of a long resistance line that starts at May 17. A breakout above 0.26 could send XRP on its way back to its previous high. don't forget to set your stops.
Stegosaurus chart pattern - RADSLooks like a clear Stegosaurus pattern, looking for an All Time High target in the next few weeks. I'd like to add this is the most undervalued project in the crypto space. Good luck!
VeriCoin Trade AnalysisThis coin has caught my eye because I have been seeing lots of volume spikes. Will make for good entries and exits in this uptrend
ETH to .1000 BTC by mid-june but may pullback ETH has built a small support at a little bit above .07000 if this is true support, I expect a steady ride to 0.1BTC by mid-june. it could pull back to .07 several times while it makes its way up
XRP/BTC LONGHold if you have it, don't get frustrated. It might retrace to the 0 Fib Level.... but it is trending to break this downtrend SOON. Give it about a week or two max, it won't take very long. As we know with XRP, when it pops -- it POPS. Enjoy your patience, it WILL be worth it :). Happy trading!
BITCOIN UPDATEWhen bitcoin violently fell from its high a few days ago, it got me questioning whether this was "it," the end of the mighty crypto bull run. With more data on hand and with a cooler head, this does not seem like IT.
Altcoins for the first time traded as a whole market, coins took their queue from bitcoin with major crpytos following the same downward trading range as bitcoin. Speaking of data, the downward trading range is very important. From my years trading in equities, I know that downward trading ranges are bullish on the medium term. Buyers are patient while sellers are aggressive. Lower lows and lower highers are made. It comes to the point where selling becomes exhausted and buying overwhelms selling.
The first circle was the breakout. The second was a retest of resistance turned support. Right now coins are at a decision point; they can decide whether to take us past horizontal resistance or push us back down to support. A break of resistance would challenge the arrow.
BTC - Finally A Clear Signal (SELL)After numerous attempts, I think we finally arrived at the stage of reversal. BTC is struggling hard to break to newer highs and TA says this is a place where it should retrace longterm. I rather stick to my guidelines than go full bubble mode with abandoning my usual strategy. Expected TP to buy 1656 USD, sell at 1867 (or decide to go long if it looks promising again, which it will probably not).
Possible Cup and Handle Formation on FCT.Noticed a possible Cup and Handle forming on FCT. Look for entries in the handle or wait for the breakout at the top of the cup. Stay Profitable!
Watching this support area for a possible bounceIt's very possible that the BTC rally will negate this support region entirely. So I advise waiting for the result before going long/short.
As you can see, recent volatility has been throwing DASH outside of the support/resistance trendlines but it has been pulled back inside.
On a wider scale, it seems a lot of alts are finding support today. We should find out soon if there will be some recovery, or the alt pain will continue.
Litecoin Consolidation - Two possible movesLitecoin went from 17 USD to 38 USD and corrected from there, we see it bounces at the 24.5 USD support line, but the bounce after crash wasn't that strong. It didn't retrace fully back to 32 USD thus bulls are less strong and something is holding people back. For now we see the trend channel closing in, seen as the blue curves. The gann fann (yellow) indicates the breakout resistance/support lines and at the moment the price is too low to completely push through those. This means the trend channel need to become more narrow to make a significant outbreak which will take several days. Breaking up to 32 USD to retest or if we break down 24.5 USD back to 17 USD.
The reason why LTC can head back down is because Bitcoin and all Altcoins went up like spaceships and the total marketcap can potentially retrace taking down all coins altogether.
Watch this chart close, set you stops and happy trading!
Rounded Bottom on NXCLook for entries on the pullbacks, but i see this coin as very Bullish. Low volume so look to be holding this for a few days
Gridcoin - Poloniex : To the MOONIt's been few days that I called for Gridcoin,
Right now, it finished it's correction and now I can estimate it's final targets better, here is the thing, normally I never go beyond 161% on fibo, but, Gridcoin has this history of having huge, and I mean it, huge pumps, so why not get greedy? yah this is the only circumstance that I let myself become greedy, with steps for selling, there is no problem with becoming greedy is it? so why not.
Remember when I said this, if you thought Gridcoin's last move was it's actual pump, you are damn wrong, the ream move is still to come. Also, it's last time high was around 4500 Sat. I tend to go a little bit bellow max possible, that is why you see my last step being a little bit bellow that number. How long will it take for this move? maybe a week or two but I don't think it will be more than that.
MAIDBTC : Need more injection fuel timeIt seems that time is needed until price of the BTC is calmed down.
I think that will launch a rocket at the end of this year.
If you can be patient. Buying now is not a bad choice.
BIG Picture for the LTC/BTCWill see a price approaching 0.03 LTC/BTC before end of this year
Next, for 2019 halving fomo, 2018 will have a correction time
And we will see finally 0.04 or above price in 2019
BTSBTC Long - several steps to go upI see some potencial uptrend for bitshares:
1st target 0.000022
2nd target 0.000028
3rd target 0.000034
and next moon! 0.00005 in the best scenario.
PS: this is what i think, please follow your own ideas, this is only an positive scenario.
LiteCoin Back From Coffee BreakSupport and Resistance confirmed, and a bonus Cup and Handle . Should see a move very soon.
BTM/BTC - expectancy 05/17BitMark/Bitcoin
Good project - Crypto new, progress and launch active. Tracking long support and evolution here.
LTC - A Never Ending Love StoryWe all want to see LTC bounce and go up to the moon... but why must it break our heart so many times along the way?
This most recent crushing strike has knocked LTC completely out of short term support and back into long term levels. Right now it has caught at the fibonacci - but this is not a stable support and can easily give way to another bad day of trading.
Especially following the cash inflow of legacy coins like ETH and DASH - LTC is next right??
Long Term buy.... Short term dice...
Dash : Poloniex --- to the moon !!!!Many many people thought that DASH was finished when it went over the previous All Time High and beyond it. BUT...
This is just the beginning. DASH has long way to go and today, it's bullish candle was a big indication that it's second wave is starting. perfect time to get into the space ship and get to the moon with it (Remember, my swinging system always have a time goal between two weeks up to two months.) This time, I think DASH won't make me wait for too long.
As you can see in the chart, it finished the correction move of the previous wave, and today, there was a bullish candle with 40% price change in it and back to the middle of the candle. If you look in lower time frames, you would see that it already finished it's mini correction for this candle and chance is that, it will go on a one sided high way up and up and up.
