Trade Duration: Medium
Cardano is a decentralized public blockchain and cryptocurrency project and is a fully open source project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform...
The cryptocurrency market is moving. We are seeing green and we like... We love it!
I am now looking at the total market for the entire cryptocurrency market, all altcoins including Bitcoin, and we have several interesting signals.
Perhaps you might want to take a minute now to hit LIKE, and then continue reading what I am about to share... Thanks a lot for...
Litecoin ( LTCUSD’) needs no introduction. We will be looking at it shortly and going straight to the trade:
- We have a falling wedge , which is a bullish pattern .
- LTCUSD’ is now sitting at 2017 strong support levels.
- MACD curving up and bullish crossover.
Trade instructions for Litecoin’ (LTCUSD) by Alan Masters
Buy in: $50 – $54
BITCOIN’ (BTCUSD’). This is the first time I will be sharing a long term trade for Bitcoin’; it feels 1.20% really good.
I will analyze it as any other chart and I expect we profit massively from it. This will be an easy trade. Namaste.
Bitcoin (BTCUSD-COINBASE) Weekly Chart Analysis:
Let's start with the Bitcoin’ rally/bull run. ATH’, retrace, support...
BTC has been looking quite strong for the past few days, breaking up into the 7k region and has continued up to the 7300 area where it faces some strong resistance.
As you can see on the daily chart there has been multiple pull backs to the 61.8 fib level after each impulse move. The 61.8 fib level for the most recent push lines up perfectly with the next daily...
BTC is up against a weekly resistance now after a strong push off the 5800 support level. It has created a new higher low here and gone on to create a new higher high.
It has also just broken out of the long term down trend which has been respected since early May.
If it gets rejected here we may head back down to retest the recently broken down trend for...
Eth had a good pump along with btc over the past day. It is right up against a daily resistance now and if it gets rejected here we have made a new lower high and we will head down to retest the long term uptrend.
If that fails to hold up against the bears next stop is a weekly support at around 392.
Watching closely for a entry either off the trend line or the...
ADA is another coin which has broken the short term downtrend. It is now forming into a symmetrical triangle right at a daily support/resistance. Some good potential gains to be made if this breaks up. Bullish engulfing to break the triangle and off support would be the confirmation.
XEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level. If BTC behaves I feel like a good push could happen with 6-12% gains depending...
Keeping a close eye on DGB right now as I heard there was a rumour it was going to be listed on binance. Technically it shows DGB has had a strong push to break out of a triangle that had formed. It has broken through a 4 hour resistance and is currently forming some indecision in between a support and resistance. Looking for a retrace here to retest and then a...
Bit more of a risky trade for me but I have compensated by having a very tight stop loss and only putting in a small amount.
THC has been held at this support multiple times and has generally come off it with a big bounce. I will be looking for a quick sell at resistance but there is some potential for some good gains here.
VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.
I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line.
Watching very closely!
Sia coin after the big spike recently has formed into a symmetrical triangle and is getting squeezed into a corner. Sitting right on a 4 hr support and very close to hitting the overall uptrend and I am hoping will will get a break up to retest daily resistance at around 300 sats for a 10% gain.
Watching very closely for a bullish engulfing candle off the trend line.
Looking at Fibonacci for an entry on ZRX and picked up a really nice bounce off the 61.8%. Looking for it to continue to push up and retest the previous high. Either forming a double top or breaking through and continuing up.
Looking at taking profit at previous structure.
After successfully completing the Eliot wave formation, TRX seems to be correcting down towards the trend line. After the ABC correction completes i may look for an entry either off the trend line or support.
Watching this closely over the next few days.
After breaking out of the down trend recently, bitcoin has found a new trend line and started making its way back up. It has respected the new up trend line a few times and could potentially be forming wave 5 of an Elliot wave.
If we can get a close above 9400 then we should continue up to retest the next resistance at 9700 and hopefully move further up to...