dragononcrypto

dragononcrypto Updated 

BTCUSD price is stuck between the 200 Day MA at $8,311 and the 200 Day EMA: $8,768. Waiting for a close above 200 Day EMA ($8.8K) or below 200 Day MA ($8.2K) to open a long/short position. Daily RSI oversold, CMF has turned bearish, MACD looks tragic. Waiting for the next breakout or fakeout, likely downwards.

dragononcrypto Updated 

Support: $8,250 Open: $8,150 Target: $7,650 (7.3%) Stop: $8,350 (-6.14%) Reward: 2.5 Related idea: Price stuck Between 200 Day MA & EMA Remember what happens when descending triangles breakdown?

dragononcrypto Updated 

To elaborate on the Daily bullish view of HOT/BTC : Bullish divergence on the CMF (compared to bearish on the Daily time frame). RSI beginning to find support from breaching oversold conditions at 30. TD Sequential reached an aggressive 13 (as far as TV algo goes). Weekly candle is flirting with a green 1 when 9 sats or above. MACD yet to bull cross but...

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ETHUSD needs to again breach the 200 Week MA @ $222.72, as well as the 20 Week MA just above it at $231.30, in order to make a new swing high above the green 1 at $230.54. Following the TD Sequential 9 earlier this month, Ethereum against the US dollar has bounced back over 20% while currently holding onto approximately 15% of it's gains. A green 2 moving above...

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Quick short from the 4hr descending triangle breakdown at $9849 when it comes around again for the third time and anticipated today or tomorrow, probably after a final rejection from $10k. Target is the base of the support area at $9275 with a tight stop loss at $10,101 (2.56%), probably initially to liquidate some overleveraged longs. All short and long-term...

dragononcrypto

Dogecoin 2019. Risk/reward ratio: 5 Dogecoin to the moon? www.youtube.com

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Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after...

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TD Sequential support from the red 9 is at $0.00068195 (red dots), at bottom of horizontal support area. If sequential/horizontal support is broken to the downside, expect a breach of the falling channel to the next support. Waiting to see what happens in the countdown phase, whether the sequential will flip green soon or carry on red. There's a similarity in...

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Tron looking bullish and trying to break out of its ascending triangle as well as 200 MA, similar to ETH , LTC and BCH . It's tempting to take the trade above the Sequential 9 at 0.01675 when the weekly candle would flip green, similar to ETH in this sense which played out well. However the setup is only 1.5 reward ration on the 4 hr, so will wait for a better...

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Time to consider altcoins again, if only you could buy the market... Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next...

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Part 5: If Bitcoin Repeats History? I remind you of July 2017 descending triangle that completely overshot the measured target by around 12%. This is for all the traders who claim descending triangles never break to the downside in bull markets at the top of the trend. Bare in mind this was at the top of a full-blown bull market, after reaching a new ATH and...

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Bitcoin 2012: Descending triangle breakdown to measured target of -20%. Price consolidated in a tight range between $4.21 to $5.30 after disbelief rally. 7 years later, Bitcoin 2019: Descending triangle with measured breakdown target of -32%. Repeating 2012 suggests a consolidation between $6,415 to $9,420 for 1 year. The time frames are very different, however...

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After getting rejected last night from the ascending triangle breakout, the altcoin market appears to be forming a bearish rising wedge pattern (purple) while falling below the 200 MA. If the price continues to correct back down to the ascending triangle (green) trendline and finds support this would be a bullish sign. If the price continues to move upwards from...

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Ascending triangle drawn on 4hr chart (similar to LTCUSD as well as ETHUSD ) and applied to 1 day chart due to relevant moving average resistance above triangle to be cautious of. A move above $313.30 would create a new swing high while breaching the 50 & 200 Day MAs (that are trying to bear cross) making the trade a position worth risking. The measured move...

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While everyone's watching Bitcoin's descending triangle, traders are missing the ascending triangles in altcoins... Altcoins market ( CRYPTOCAP:TOTAL2 ) has returned to the horizontal resistance level of the 4hr ascending triangle. Similar to Litecoin , the price is finding resistance at the 200 MA, while the descending triangle support has become the resistance...

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Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern. BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%. This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering. BTC.D closed above...

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In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the...

dragononcrypto Updated 

Part 3 of If Bitcoin Repeats History? . This worst case scenario extrapolates the second half of the 2014 bear market going into 2020 with ATL at $2,500 and new ATH in November 2021, as well as reaching $30,000 within the same year. This assumes a double bottom will form in April 2020 prior to the halving, followed by 1.5 years of accumulation/consolidation, with...