Possible recovery trajectory
dont have enought time to comment, will do later, i hope this keeps people away from making bad trading descicions.
Please be aware breaking one of the swings down could invalidate the wavecount. (if a cetrain wave low breaks the previous low but these are elliot rules i cannot explaint right here.) some waves can tho,
Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend.
This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels...
Ripple is preparing for a breakout to the up
following LTC and BTC.
Watch for levels at the fib ranke 23 38 or 61.8%
Excellent long position
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Possible Traject for Bitcoin (and most other coins since they follow bitcoin?
You see, when you ask 10 Traders what their absolute bottom is on a certain stock, they will mostly give you 10 different answers. What we do see is that we are finding more and more support, more volume coming in and we re reaching the floor of where the parabolic move started early...
dont know where to start?
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Take this chart for what it is
but by placing...
Engulfing bar on 15 min BTC is a good sign for a short term bull run.
We still have a 1000 Bitcoin buywall waiting around 7999Dollar BTC on GDAX.
In the event we do drop again a bibber bounce will occur at 7999 possible forming the absolute bottom from this correction. Elliot waves confirm the bottom has to be somewhere between 6 and 8 K so we may have formed...
Short term Bitcoin doesnt look bullish unless we break above the TL again. That daily MACD rejection was something i quietly expected but hoped not to happen, Actually todays close can still make the cross over only if we get a steep climb up.
There are buy walls (areas where large bitcoin buy orders have been placed ready to fill and create a strong...
Bitcoin/USD the inside candle on the hourly chart broke the low of the outside candle, we trade lower short term and even if we go back to 10.500 USD we will close the day bar as a decent Doji on bitcoin and that is on itself a fine bullish signal. i add to my positions when it does so for a day trade with tight stop even if it only results in a short term bull...
BTC confidence kicking in after a 15 min engulfing bar on BTC USD
It may also be in line with a 5 wave Alliot corrective count to the downside which may be finished ready to rise again?
January 26th The old Futures contracts end and JP morgan and others may well be in to buy this baby cheap and re open monthly running contracts betting to the upside. Do you...
correction to lower fib level or the 61.8 is a good buy in for ripple.
If you look at coinmarketcap Ripple was up 30% while bitcoin was up only 7 % at this moment. Ripple is still and will always be a very strong coin to invest in. I know many hardcore crypto supporters argue over the fact that ripple is a bankerscoin. But my advise to every new investor is to...
We see MACD divergences ( higher lows on the indicator and lower lows in price action) which tells us the bears (sellers) are running out of steam.
We may finally have hit the bottom here. Bitcoin also touched the 100 Ma which, as history tells us, always indicated an upmove in the near term. Bitcoin looks to be a bargain here. Any move above 12500 may inflict...
LTC is trading (consolidating for a while now.
We see a bullish flag forming since several weeks now. We are right at the tip of the flag which should in case of a breakout trigger huge upward momentum.
A breakout to the downside seems less favorable since we 've been forming higher lows since late december. Any break down would likly create a short lived spike...
Litecoin, LTC LTCusd
We are in scary waters for some.
With a chart like this i would like to share a very simple and easy basic analysis to figure out where we are in a certain market.
You can apply this strategy to any market you wish.
LTC olds up strong even with bitcoin dropping lower. We believe a strong up momentum will happen in the (very) near...
VERGE had some consolidation on verge,
You can take long positions or scal in the trading channel.
the moment the lower trendline get broken, for instance when you see at least a 15 and 30 minute candle closing outside the channel. you can assume the consolidation broke downwards.
Secondly take into account in case of a major spike downward, the market...
Ripple made ahealthy retracement all in the expectations. nothing to panic about. this is good for growth.
Ripple may be forming a bullish divergence MACD. Once the cross of MACD confirms, the market will notice this and upward momentum can be expected. Whether this will be a sudden strong upward move is to be determined.
If you look at the pattern Ripple made...