cryptotrading

Looking at bitcoin, I see a potential in an upward direction before turning back around to go bearish. Price has tested my support TL and has continued to close above 88.6% for a couple days.

Bitcoin has finally broken through a $9k support level, due to such a heavy impulse breakthrough, this may suggest 2 possible outcomes: 1. It's just a retracement, market will resume bullish from $7k. 2. Price has also broken below the 200 EMA which may continue a bearish run to perhaps $5k & under. The RSI is currently hovering in oversold conditions (not...

Hi, Traders ! Monfex is on the air ! This pattern of ETH/USD is definitely worth your attention: * The price is wedged between two short-term trend lines and is right at the inflexion point of the Wedge. * The correction of the Down Impulse may be coming to an end since the higher high on the price chart might not be supported by a decent bullish power. *...

Trading within a Corrective Channel formation. The medium term bias remains bearish. A break of 0.03720 is needed to confirm follow through negative momentum. The formation has a measured move target of 0.01644. Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.03720, which will confirm the bearish...

Not financial advice!

Not financial advice!

Not financial advice!

Hello, Traders! Monfex is at your service and today we overview NEO/BTC, log scale. NEO is in the falling bullish wedge and has MA100 near resistance line. It's with a bullish divergence by RSI. Support, buy zone ~ 0,000850 Target zone ~ 0,001500 Stop lose - 0,000820 Almost 2X in this trade. Breakout of the resistance line will be the best confirmation of...

Hi, Traders ! Monfex is on the air! Our hot real-time idea on Bitcoin in a Scalp Mode: * Bitcoin hit $7,800 as we expected and headed North from there. * Consolidation trading range of $7,700 - $8,500 remains in force and we expect the price action to unfold until $8,500. * Volatility has increased and RSI is approaching the overbought condition on 1H, so a...

Hi, Traders ! Monfex is at your service ! Let's make an Update on Ethereum by getting a deep view on its current price action: * Ethereum has been in tight correlation with Bitcoin and the overall crypto market, but its recent decline is not solely attributed to weak market conditions as a whole, but data also shows that Etheruem has been under selling pressure...

Hi, Traders ! Monfex is at your service ! Please find below our Weekend Update of Bitcoin: * Bitcoin is narrowed within the consolidation trading range between $7,700 and $8,500. * Market forces are balanced out and the volatility is extremely low. * RSI is very close to the oversold condition, but still neutral. * It is better to wait until the price hits one...

Hi, Traders ! Monfex is at your service ! This time we present you our idea of Dash - the brilliant hidden in a haystack. Let's look through the facts: * Dash got listed on Coinbase & the Brazilian crypto exchange Cointrade that is definitely positive aspect. * We think that Dash will further strengthen presence on the global scale since it increasingly...

Hi, Traders ! How is it going ? Monfex is on the air ! Do you still hold Monero (XMR) in your portfolio ? If yes, than better hurry up with Selling it ag BTC. Of course, if you will find the arguments in favor of this idea convincing enough after reading our analysis. Just take a look at 1W Chart of Monero (XMRBTC): * The price is going down relentlessly...

Hi, Traders ! Monfex is at your service ! Bitcoin Cash is at the crossroads. In this analysis we will try to find evidence in support of Long & Short scenario. * Sharp bearish impulse toppled the price of BCH down from $330 to $205 in less than two weeks. * On the heels of the drop, the price has found the Support near the local bottom registered in the end of...

$IOTA vs $BTC. Bearish divergence with RSI at daily chart.

Long wick rejections of support followed by every time price does test, we see the exchange rate move the opposite direction. Bullish Divergence as well. We may see price move in a rally temporarily before price starts to pick up:

-Long bullish candle rejected support zone; fakeout confirmed. -1H; inverted H&S maybe?-

Not financial advice! Self explanatory..........