One thing to always be aware of is what are the long/short ratios. In this chart we can see some normal PA and L/S action. Also evident are Bitfinex hunting liquidity. As you can see longs are more dominant than shorts now so you can expect some liquidation. Things really got to an excessive amount shortly after the ATH. Notice how the longs didn't dominate until...
Bullish. stop loss under pink line at 59.1. We will see what happens, so far perfect bounce on pink line for start of new 4hr. But maybe, TONIGHT WE RIDE!
Just me watching a good ole TRI review.
Bitfinex, a cryptocurrency exchange, in conjunction with EOSFinex, reported a complete chain swap. They successfully convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. Based on a press release on October 5, the firms want to give the EOS DApp ecosystem with a stable and liquid store of value. And they aim to diminish the risks...
EOS is one of the most volatile altcoins. High risk high reward. 3.35 is a really important support zone. Breaking 3.35 will invalidate the impulse wave and will take us to 2.5 usd. I am %70 bear, %30 bull about EOS. I am scared to short any coins right now so I will be longing from the bottom. Scenario 1 Long from 2.5 - 2.2 Stop loss 1.99 usd Scenario 2...
Very Bullish chart
Bullish continuation pattern + strong momentum for a strong move as indicated by the RSI. Still no sign of an end of the bullish uptrend.
This is what I mean by middle ground. Sure it wicked and everything, but that just gets everyone's ears to perk up and pay attention. People are calling their nerd friends and anyone in the crypto space... "Should I buy more or wait" Enter the middle ground. 50/50 right now. It's not going up and it's not going down. HAHA! That yellow line continues into 2019...
There are too much stubborn short sellers at both Bitmex and Bitfinex. I think this is the fuel for the current rally and it will continue until shorts are liquidated or closed.
Hope this is helpful! If you ever feel lost, always take a step back and look at the bigger picture for a technical structure. I'm not here to tell you what is going to happen but these levels might help you find your way. Weekly: - We found support on 200 week moving average late 2018 - Support also had confluence with 200% of light red pitchfork...
Mt. Gox BTC were stolen from investors, inversely Tether may have lost USD to government seizure. To get out of Bitfinex or Tether you have to buy BTC. As it turns out that is a lot of extra buying hence the $350 premium on Bitfinex. It is kind of like the premium in Turkey or Iran also not well backed by USD. Likely not enough buying to take the price above...
Useless and not the most reliable anonymous coin. In the new growth cycle that will stretch for 4 years. Many coins that were popular in the past cycle. WILL NOT BE POLULLARY IN A NEW CYCLE OF GROWTH. THROUGH TALKING NOT MANY SURVIVES!
Maybe i'm wrong, let's see where it goes.
Interested to buy at $4725 - $4825 - Wave 4 retracement to 0.382 fib level (rule of alternation, wave 2 retraced to 0.5 - 0.618 fib level) - 200 EMA Support - One degree lower wave 4 retracement region Conservative target : $5300 - Double top Bullish target : $5600 - Resistance level
If you are a long-term investor looking for good entries this chart might be just what you need. Here we have an Elliot Wave count to determine where we are standing in the trend and from there we have the possibility to look at the targets of correction. In the Elliot Wave Theory - price has a tendency to retrace to the fourth wave of the previous five-wave...
Maybe i'm wrong, let's see where it goes.