Bitcoin shows good uptrend and we have to wait for a signal for opening long trades. We'll buy, when price bounces from the uptrend line with RSI confirmation. Stop orders must be placed below 1000 level. Profit target is at the resistance level.
Hi
Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline.
It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they...
Bitcoin has had a great run into 2017, followed by a massive selloff. Now it looks like buying momentum is once again taking over the market but I think the market is currently is a mass consolidation.
What's your take?
Some renewed interest in BCY could help it get over the threshold up to the next resistance point. After that I think momentum will eventually help it get over that. Add to that the fact that the game itself will launch fully in March, apparently, and assuming all goes well with that then transactional value should help it up.
I'm looking to get in on that next...
Best opportunity would be around 0.0125. If it goes below 0.0114, I would be selling.
Why long? The reason is that Monero is the first nearly fully anonymous cryptocurrency. By the end of the year Monero will be fully anonymous and it will finally have a GUI, so that people can use it with ease.
It was 2016's best performing cryptocurrency and is now traded on 3...
Despite a drop in price over the last several days, partly coinciding with a rapid climb in Bitcoin price, we can see a clear cup & handle pattern forming, along with XMR testing a support line (top pink line) which has been in place since November 2016 and a bullish triangle/pennant. This could all be an indicator that February through to March at least is going...
Short-term long signal for BTCUSD within range of the ascending channel from Jan.18.
Stop below the lower channel band at 880;
Buy order's confirmed above the signal line at 910 (marked with color);
Target 960.
Hi,
We have a pretty good probability that this trend wants to continue. i really don't like these messy trends but considering how far we went up in the last uptrend on FCT it's worth trying to get in.
Entry:
the first thing i'm going to do is put in a buy order at the level shown on the chart. But I'm hoping that we will get a retest of the blue trendline...
Entry:
I have a buy-stop in at the top of the red box. As the price has already broken above the last four candles i could buy now, but as a general rule to avoid mistakes i like to always try and force the price to break some sort of resistance before buying.
Initial stop:
Stop-loss at the bottom of the red box. This is under the last low of the current move...
Well, got stopped out at the red line.
Entry:
If we break above the top of the far right red box (the long position indicator) I will rebuy.
Stop:
i'll have an initial stop at the bottom of the red box. Again this is a tight stop. We've just had a pretty big drop so people must be thinking about taking profit at this point, so I'm going to consider being...
Hey good morning,
Time to get back into PascalCoin.
We're going for another break after this sideways movement. It's a little messy but basically forming a working triangle pattern enough that it's worth trying it. We're getting a consolidation of the price sideways.
Getting in:
We're going to buy the break of the last high, as indicated on the chart
...
Going to do two things at this point.
The first is bring the stop up to the red line (0.00129). This is pretty tight but would get us out the trade with a 8:1 plus risk to reward. If we do break this point there's a good change the price will want to retrace to the larger trendline (as per the blue arrow) and I'll try and re-buy at this lower price (shown by the...
A fractal has been created recently, pushing the price of bitcoin lower. The ascending trend line created since the October rally is close to breaking. Will bitcoin retest $765 to create a double bottom to escape the currently seen negative sentiment?
Please note: Green horizontal lines are resistance turned support. Blue lines are ascending and descending trend...
Hi
At this point I've sold half of my bitcoin at break even. We didn't get the 'pop' upwards I was hoping for. I don't like to mess around with trades once I'm in, but taking a fresh look at the latest candles, I'm feeling that the probability of a good move up immediately is against us and I'd rather protect my capital.
I have a few reasons based on how I think...
RSI hit oversold and broken from its downtrend. That means that there is some room to the upside, but...
Zcash's inflation rate is really high. It has also broken most support lines and the downside seems more probable.
I can't see how 1 ZEC could be worth 0.05BTC with such high inflation and no real use cases. Nobody is really using its anonimity feature,...
