$XRP Ready to Breakout of a Symmetrical Triangle.Ripple is another coin that I've been watching for a while, I finally see it breaking out of its triangle, now based on how Bitcoin is after its breakout, and also whether or not RSI and Volume follow, you can determine whether it'll be an upward of downward breakout. If I had to make a calculated assumption, I would say to go Long, but waiting for confirmation can be better if you're risk-averse, I've marked the targets, and the points of resistance, you should consider taking profits at all the major resistances, otherwise if you're looking for a long-term play, wait for the target. Happy HODLing.
Targets
$EMC2 breakout from Descending Triangle. Takeoff ready,w/TargetsSeems like so many alts are ready to takeoff today, another one that I've been watching for a while now, $EMC2 has just broken out of a descending triangle, it was only a matter of time, it also has some announcements coming this month. I've highlighted the major resistance points, and I'd suggest taking profits in the first 4 Fib zones, remember, before selling always be sure to consult the RSI and Volume to see if it's time to sell, obviously if it's overbought, you sell. This coin was very oversold recently, hence the imminent breakout. This is another one that should do pretty well when altseason comes around, that is when Bitcoin gets it sh*t together. Until then, hodl tight, folks.
$ADA ready for takeoff. With Targets.Like many alts right now $ADA also seems to have broken out of its, now past, trend. We should see a nice pump as soon as Bitcoin is more stable, or as soon as Volume follows. 3.1k is a potential resistance zone, but after that, we shouldn't have much resistance until the Major Fib levels (0.382, 0.5, 0.618). As marked on the chart, I suggest you take some profits at each of them, and keep a lot out on the RSI for whether or not it's overbought (it's currently oversold), and also at volume to see if the breakout is confirmed.
Nubits $NBT looking poised for a Breakout.Currently we're in a symmetrical triangle, this could be a good play for short-term gains. I'd suggest we wait for the breakout to be confirmed and for the resistance to be turned to support, but after that, we should see it breakout as long as Bitcoin doesn't plummet after the breakout which could cause it to turn into a fakeout. It has the needed volume behind it, so I guess we'll see how it goes. But if Bitcoin does go sideways/hold its position, and Nubits breaks out, we should see some pretty decent gains since it is a LONG way down from ATH. As always, I suggest you constantly check the RSI, and sell if it's overbought. Otherwise, you can use the fibs as short-term resistance levels. If it breaks through them, I'll update with further resistance levels/targets.
The calm before the stormBTCUSD returned into the down channel . After a minor correction, there is momentum to the downside again. Pivot point is at 8982. As long as the price of Bitcoin remains below Pivot point , the bearish scenario is valid. The next targets are the support levels S1 and S2 at 8457 and 8146. The long-term target is still 5511.
Possible Scenario of the Double TopAs we broke through 9300 we've confirmed the double top. I wanted to give a possible scenario regarding this formation.
The price might try to retest the neckline at 9300. Failing that would further strengthen the authority of the double top formation and we might reach the target of 6800.
Bears still grinding ETC Down. TO THE MOON?!?! Not yet!Please see my last analysis on ETC (Linked below) with bold downside targets that were masterfully predicted and profited from. Iedi went short around $29.50 and have since booked profits on my entire position. I don't have anymore money on this coin at the moment. I am not yet confident enough in my prediction to put more money into it, but if you asked me if this coin is headed back up or still going down, I'd say likely down a little further.
This is not a long term prediction, and does not factor in fundamentals of the coin. I'm looking at patterns, trends, targets and price action to make realistic predictions of what could happen. DO YOUR OWN RESEARCH.
In my last analysis which lead me to take a short position, I predicted several downside targets to take profit at. Included in that analysis was my BOLD prediction that ETC would reach a target of $15.50. That can still very well happen and it might. I've picked up on another mini head and shoulders pattern that leads me to believe we're still heading down in that direction.
The target of this head and shoulders pattern is at $17.53, and with the overall market sentiment this seems like a very plausible scenario. Breakdown below this level will open up the doors for the original target of $15.50. Breakdown below that opens up the door for $13.91.
I do think we are getting relatively close to a price where bulls might start trying to take control again. Will be on the lookout for a reversal, but have not seen it yet, and will be on the sidelines for now.
Enjoy and good luck. If you get anything out of my analysis, please like, comment, follow, share etc.
$Bitshares Moon CycleBitshares has been down trending in this falling wedge for the last couple months and we are finally nearing the bottom.
Price is starting to land on the trend line which will give it some support for the coming breakout of the falling wedge.
Here are my three targets that i will be selling at once price goes parabolic!
This coin is one of my personal holds and I see very bullish continuation to follow.
Don't miss out on the hype train, this ones nearing launch :)
Down trend establishedBTCUSD broke out or the blue triangle and it returned into the down channel. There is momentum to the downside. Pivot point is at 9479. As long as the price of Bitcoin remains below Pivot point, the bearish scenario is valid. The next targets are the support levels S1 and S2 at 8846 and 8392.
Bitcoin 4-6 day target - $8885 - Short
Well, Bitcoin has been actually making me look good the last several weeks. Projected pattern has been followed EXACTLY as expected thus far. You will find the related link of my previous post below but let me summarize it quickly for you:
- Inverse H&S was spotted by the masses on tradingview, but I remained skeptical that these bulls would have the strength to carry through as projected.
Reason: Low volume on the right shoulder.
- As expected though, the bulls did carry us up to the first neckline where it stalled out for a couple of days.
- After that, it was able to push through, it stalled again for another two days at the top of my BLUE downtrend channel.
- Finally, it broke through for one day, touched the second neckline in RED, and tapped out.
- BTC then came back into the longer 2.5 month descending BLUE channel as predicted.
- The bears broke back under the intersection of the first neckline with the .382 fib retracement leven and rested on the bottom of a longtime ascending channel I have drawn out in BLACK.
- This too, has not been enough to hold these bears back, and so here we are today.
- We are now back under major support which now repurposes as bullish overhead resistance. Given how weak these bulls have looked the past several days, I expect the bears to win this battle and take us all the way back down to a trisection in my chart. This is the area where the 200 day moving average intersects with the top of another PINK ascending channel AND our .236 fib retracement level.
I expect that once we reach our target area, there will be another big bull bounce. I'll have to look at the volume again, but I anticipate that price, time, and pattern will all align. This may finally give the bulls the opportunity they are looking for to break through all of this tremendous overhead resistance! Again, volume must confirm once the target is reached and I will reanalyze again at this point.
If the bulls don't find strength in the target area, it is possible we'll retest our low of $6000 or even head back down to touch the bottom of my blue channel at $2000-$4000! Although this latter scenario remains least likely, it still is within the realm of possibility according to my charts and I would be remiss not to at least make mention of it.
Happy trading friends!
Where is little brother going? Your levels - $172, $160, $140
Little brother is traveling south. But where's he going?
- Next stop is $172
- Below that $160 (the top of my previous buy zone)
- He may even want to kiss mother 200 day one more time at $140 before coming back.
These are your levels for the next week. A good zone to cast your buy ladder is anywhere from $160-$172. Set a couple of buys between $140-$160 as well.
If little brother decides to travel all the way down to mother 200 day, she should send him off nicely. Look to cash out on some profits the following few days.
I will reanalyze the charts at that time.
Happy trading!
Hey BTC! I found volume! He's over here!
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume!
Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios:
- One, a sideways day or two before hitting our target this weekend sometime.
- Two, it's possible we have another big RED candle tomorrow as well.
- Three, I could be wrong and today was all the capitulation you're going to get in which case:
-- We won't reach our target area
-- BTC won't get a second chance to kiss his mother (200 day MA) goodbye.
- Four, we take one of the first three choices, bounce, head north and then get stopped a second time by the top of my BLUE channel before heading lower again.
- Five (least likely), we simply blow right through the 200 day moving avg. and continue south with little to no hesitation. This is very unlikely with the capitulation volume we observed today, however, BTC has surprised me numerous times this past year or two and thus, I would be remiss not to make mention of this option.
I'll leave it up to you all to place your bets on which of these scenarios plays out. For now, I am still hoping to hit our target.
Still too early to tell if 4 will be a valid option. If we head north from here and hit the top of my channel again, the probability increases that we hit our heads and continue south. I think we need the springboard of the 200MA to give these bulls enough momentum to push through resistance, form the right shoulder correctly, break the last RED neckline, and continue north. IF (BIG IF) the bulls can actually do that.
BOTTOM LINE: We have our volume! But will we get our trampoline bounce from the 200MA as well? We kinda need that right now.
ONE MORE NOTE: Just a theory, but I had noted in the past that BTC likes 60 day cycles. First 45 UP. Last 15 DOWN (ish). Because, of the futures trading announcement pumping the market abnormally last Nov-Dec, the last cycle got all jacked up. It was all down and ended up extended by 25 days. That shortened this 60 day cycle by 25 days, making it 35 days in length. We have been in and UPTREND for 28 days of this cycle. If my timing is correct, the last 7 days should indicate a downward trend. So far, so good. 3 more days to go! That puts us right at the weekend. Perfect! This aligns magnificently with my charts and is nothing but good news for the bulls should we hit our target.
Happy trading friends!
Etherum Classic (ETC) Final Push?! - 5th March HardFork/AirdropHere is a trade based strongly on fundamentals. We are trading Etherum Classic based on a very strong piece of news, news that the entire cryptocurrency markets love, Hardfork / Airdrop.
I've been recommending Etherum Classic since December 10th, you know we trade LONG term. Long term is safer and produces the best results.
Our first buy-in range was between 0.00130 - 0.00195.
Our second buy-in range was around 0.00218 - 0.00296 on the 2nd January.
You can see these in my earlier trade ideas, this will be shared in the update sections.
Here are the news that are likely to make Etherum Classic reach new highs, it is about the Hardfork:
Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins.
So everybody holding ETC will receive a free Callisto (CLO) for every Etherum Classic coin. This is called a hard fork / airdrop, and people love it. This is a piece of news strong enough to move the entire price of this coin, but let's take a quick look at the charts.
Charts, Signals & Indicators
- Etherum Classic has been on a very solid uptrend for quite a while now. If you look at the daily chart below, you can notice that this coin remained strong even throughout this huge market wide correction, and it is still going up and wants some more. The ascending channel you see below started on the 8th December.
- You can also see the MACD crossing over as well as the SMA lines crossing each other all over the place, these are the brown, blue and green lines.
- The daily candles are looking awesome as well.
Etherum Classic is very bullish and these signals are strong enough for one last big run before the hard fork.
Here are my new targets for you:
Etherum Classic (ETC) Long term targets:
(1) 0.0045997
(2) 0.0055029
(3) 0.0062329
(4) 0.0069628
(5) 0.0080021
(6) 0.0093259 (All time high)
(7) 0.0131489 (New all time high)
Use these targets as reference points to sell. Based on the strength and momentum the coin has while going up, you can decide which target to sell at. Not all targets are meant to be reached.
Etherum Classic (ETC) Shorter term targets:
(1) 0.0040882
(2) 0.0046741
(3) 0.0050912
(4) 0.0056225
(5) 0.0071568
(6) 0.0096395
If you are less optimistic or want to trade shorter term, you can try the targets above. These are Fibonacci based targets.
Buy-in and Stop-loss: If you are looking for a new entry point, I am not offering those. This trade idea is for all those that are following me from the beginning. But you can enter now, around the 0.0037 price range and use a tight stop loss to reduce risk. Aim for any target you like. Your stop loss can be 0.00312.
Trade strategy: Sell before the Hardfork news on the 5th March. You can say a day before or whenever we are sitting high at the top.
Enjoy. Thanks for your continued support.
P.S. Other coins to look at now: DCR, SALT, LTC
STILL have to CHILLBy Trend, Fib Retracement and Fib Trend base time. Chart is pretty nice and simple.
VEN might just hop arround the 0.5 line to the yellow target then go up from there. Most likely it will go to the 0.616 at the orange target before heading up hard. Basically chasing the Yellow Line (true value). So the deeper it goes the harder it'll grow.
This is a mathematic projection base on it's history, but like life, nothing is for certain. Will see if things work out Fibonacci way.
BTC final correction target ~3657$ , opinions are welcome! I tried to break this whole correction down. In my final wave 5, subwave 3 would not be the shortest if subwave 5 hits target 1 and not 2, if wave 1 is longer than 3. If 3 is longer than 1 which I find hard to say with certainty, target ~3600 looks possible to me.
Many TA say we are going to 9k very soon, this would disprove my count but i'm pretty sure we won't pass 8700 until we go down again.
These are just my thoughts, i'm still learning and would love to hear criticism (either + or -)
LTC: FUTURE IS UNCERTAIN, BUT CERTAINTIES ARE AROUND THE CORNER!Hi guys! welcome back for this new analysis on LTC !
At least for the moment, we leave aside the Litepay question (I talked about it extensively in my previous analyzes on LTC) which has largely influenced prices in the past few days.
For the moment it seems that its effects on the market have stabilized, but without forgetting that it could again influence prices in the coming days.
Due to the lateralization of yesterday that has continued for today, I had to expand the head of my RED H & S again, until it coincides with the right shoulder of the main H & S in GREEN, even if now, with the current situation of the markets could not even complete as expected.
The line of EMA 50 that we have identified as support continues slowly to rise pushing more and more the price towards the resistance of 0.5 Fib, which has already been tested without success and this crushing will lead in the short term to the break of one of the two lines .
Obviously we hope that it breaks up, to see the completion of the head of the RED pattern and the shoulder of the GREEN one, that would provide, positive signals and confirm an imminent change of trend.
In case the break occurs downwards it will be a yellow flag and we would certainly go to test the EMA200, which is a good support, but a break of it, will be a big red flag and would result in a further fall in prices, at least until the Fib retracement 0.786.
Unfortunately to a failure of the two H & S that we have followed so far we will be forced to abandon them and to review the forecasts for the near future.
The trading volumes at this time have fallen, that is typical in a phases of lateralization of the markets, but in order to confirm the breakdown of one of the two EMAs, we will need to see volumes much higher than now and they should be quite above average, so until then we can consider the lateralization still in progress.
the MACD indicator, right now, fits almost perfectly with its signal line and continues to move not much above 0.
This confirms for the moment a stalemate but the change in trend of short-term prices could come suddenly.
concluding, we will certainly see something significant happening in the coming days and it will be, in my opinion, very close to what happens at BTC, which we do not forget yet, has a very strong influence on the other crypto.
BTC at this moment is fighting to break the top of the downtrend channel, the which still seems to offer much resistance.
I recommend again to be very careful in these phases so uncertain, because you could be forced to face heavy losses and I also recommend to put the stop loss not very far from the entry price, possibly just below the already established supports.
Let's see what happens tomorrow.
We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
LTC THIRD UPDATE !!! THE DAY HAS COME !!welcome guys! it's time for a new update on LTC! Let's see what the situation is like.
A few hours ago it was officially announced by the Litepay staff that the service will be launched tonight at 9:00 pm (PST time), but unfortunately it was also announced that the Litepay credit card service has been postponed and we don't know when it will be activate.
The official motivation given by the company is: "due to recent hostile actions by the issuing card to cryptographic companies."
This declaration has apparently slowed the rise in prices and generated a reduction in trading volumes.
In my opinion, this news, came a few hours before the expected launch has disappointed and frightened many investors who have pulled back for fear of a fall in the price of LTC.
In fact the main function of the service will be regularly released (the details can be found on their site).
Now let's move on to the chart,
In recent days, LTC prices rose gradually from 198$ of 24/02 to 230$ of today, accompanied by above-average trading volumes and a gradual increase in volatility.
Looking at the chart we can see that in the last 5 sessions prices have slightly exceeded the Fib 0.5 retracement line, only to redeem.
This suggests that the Fib 0.5 is working as a resistance, and also seen the decline in volumes, will not be easy to break it, but I am confident that sooner or later it will yield to the advances of the buyers.
Another comforting fact is the MACD, because looking at it we can see that it have cross is signal line, and both cilbed in the upper side.
while I'm writing it seems that, slowly, we are going to test that resistance again, but we need more pressure to break, and go up to 240/250 $, where I think there will be a new resistance to overcome.
For the next few hours the situation is still uncertain, but I am confident that at the launch of Litepay, something positive will happen, otherwise we still have our EM50 that should do a good job as support and under still the EMA200 that coincides, at this time, with the Fib 0.618, that give me enough security.
I do not think that there may be a sudden fall in prices, and if, there will be enough gradually to be able to run for cover and limit losses for those who are currently in long position.
I would like to say that in this analysis I dedicate a lot of space to the Litepay topic, because I am convinced that a good technical analysis must be accompanied by a good analysis of the main events and news, which directly or indirectly, concern the product being analyzed , because the human psychological component weighs heavily on market trends and must always be taken into account. If everyone thinks that something good is going to happen they will make it happen.
We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: All I wrote about Litepay news are not rumors, but they are news from official and easily verifiable sources.
PPS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
LTC SECOND UPDATE !!! WE ARE ON THE RIGHT WAY !!!!Hi guys ! welcome back for this new update !!!
As you can see, I had to change the width of the RED H & S head a little but it seems that the prices still follow the pattern I drew a few days ago.
Now we have risen above the line of EMA50 that was pierced, as I supposed, without too much difficulty, despite the volumes of exchange at this time are not very high.
I am confident that now the EMA50 has become a good support, not very strong, but should hold quite well.
Tomorrow, Monday, February 26, unless changes, the litepay service should be released and I think the ascent of these last hours, is also due to the ferment generated by this event.
I expect a good increase in prices in a short time, probably up to close the head of the H & S pattern.
In the last sessions you can see that the prices have risen quite gradually and usually indicates a good stability of the price targets reached, but in the next sessions of exchange we could see an increase in volatility of prices due to the release of litepay, so we must be very careful to trade.
In conclusion, let's see what happens tomorrow and how the markets will react, hoping that the bullish signals observed lately will soon be realized with a powerful trend inversion.
We'll see you next time! Please let me know yours opinions of my work and correct me if I made some mistakes!
PS: I am Italian, SORRY FOR MY ENGLISH, forgive my errors of writing.
DSCLAIMER: This is my own idea and I'm a BEGINNER in TA and in trading.
So DON'T TRADE following my opinions but make yours and play on that. I publish only to have fun an for sharing my ideas whit others who can improve it and help me grow in understanding the world of TA and Trading.
Status (SNT) : Day Chart : ~650% Potential ProfitI'm a fan of SNT..
Watched it go from $0.15 to $0.5 in a matter of days..
Very impressive price movement..
Expecting around ~650% growth before it reaches the target line..
Might be some time before it does anything significant once that happens..
Might be that it has other plans..
Who really knows?
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Time requirement for targets to be met are undefined and difficult to project in advance..
Reasons may vary, but mainly (imo) it depends on whether BTC is bullish or not..
This is not investment advice, merely my personal opinion and therefore fallible.. Trade safely..
I don't accept responsibility for any losses incurred, but will however attempt to guide you out of a bad trade, should that come to pass as a result of my posts..