Sell below 12198. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): The security of cryptocurrency has been hit once again with tokyo-based cryptocurrency exchance Coincheck confirming that It has suffered what appears to be the biggest hack in the history of the technology, losing $533 million. While this doesn’t...
Bitcoin is fast approaching major resistance at 11790 (61.8% Fibonacci retracement, horizontal overlap resistance, long term descending resistance line) and a strong reaction could occur at this price to push price down towards 9470 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a...
Sell below 11786. Stop loss at 13109. Take profit at 9328. Reason for the trading strategy (fundamentally): There hasn’t been positive news nor negative news on Bitcoin recently with the latest one being Goldman Sachs CEO denying that they were going to launch their own bitcoin trading desk. We’re seeing a bit of a squeeze around the 11,600 range area and when...
Sell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): There continues to be bearish news surrounding Bitcoin with major payment processor Stripe choosing to end support for Bitcoin. This is largely due to lengthy transaction times, increasing transaction failure rate and growing fees has caused it to...
Ripple remains above major support at 1.2007 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price all the way up to 1.7564 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 39% where a bounce could occur in the intermediate future. It...
Bitcoin is in a strong descending channel and we’re seeing major resistance at 11016 (Fibonacci retracement, horizontal overlap resistance). Our next major support is at 9470 (Fibonacci extension, horizontal swing low support). We remain bearish as long as price remains in this descending channel. Trading CFDs on margin carries high risk. Losses can exceed the...
Sell below 11083. Stop loss at 12029. Take profit at 9443 and 8142. Reason for the trading strategy (fundamentally): News around cryptocurrencies have not been too positive recently. The latest being Korean crypto exchange Korbit banning non-citizens from depositing local currencies on its platform. The move was particularly because of new regulations banning...
Bitcoin bounced right up to our first major resistance perfectly as forecast previously! It is now right on major support at 11060 (50% Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 12912 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci...
Ripple has bounced off our support perfectly as forecasted previously. We are seeing another potential upcoming bounce with major support at 1.2007 (Fibonacci retracement, horizontal overlap support) which could drive price up to previous resistance at 1.7564 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is...
XRP/Dollar is showing a rising wedge reversal and it hit resistances a couple of bars down which indicates massive downward movement towards the next support level (1.12 to 1.15 support zone) Hopefully this will retrace and show momentum to the upside again but cryptocurrencies can be extraordinarily volatile especially cause of the new years and future technical news.
ETH will up with support XABCD Pattern , RSI Coming soon BUY ZONE : 940 - 980 Profit : (1) 1080 (2) 1260 (3) 1480 Good luck EveryOne Thanks
In the cryptocurrency world where speculation is king, technical analysis most of the time is our best friend. Here is a simple scenario where XVGBTC touched the 61.80% retracement level, possibly a big resistance. A nice opportunity to enter, aiming to the 161.80% extension level. (You can set up stop loss a few points below 78.60% level - where I find...
Interest in this market Broke through massive area of resistance meaning a change in sentiment to the upside clearly seen support in this level (Horizontal black lines) Price showing a struggle to breach meaning big buyers are in this area Pin bar at support Opportunity for Bitcoin cash to rise
History usally tell us more then we might think. Most of us have heared the saying "History repeat itself" and this might just happen with Bitcoin. Looking back 3 years of Bitcoins valuehistroy you could se that after every time it reached its lowest point in January it then recoved and became stronger then ever. We havent seen any strong trendchanging indicators...
Ripple is testing major support at 0.8614 (78.6% Fibonacci retracement, horizontal overlap support, channel support)and a strong bounce could occur at this level to push price up towards 1.5341 resistance (50% Fibonacci retracement, horizontal pullback resistance). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please...
Buy above 10332. Stop loss at 7902. Take profit at 12808 and 14497. Reason for the trading strategy (fundamentally): Price has dropped strongly amid concerns in Asia as investors still keep an eye out on the crackdown in Korea. Most recently a senior official at the People’s Bank of China is reportedly calling for a wider ban on services related to...
Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs...
Buy above 12858. Stop loss at 12348. Take profit at 13748. Reason for the trading strategy (fundamentally): Price has continued to tumble with South Korean cryptocurrency investors facing fines if they have anonymous accounts, along with that, the justice minister aired a plan to ban trading at cryptocurrency exchanges. To add fuel to fire, the Indonesia Central...