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Bitcion

The Rise Of BitcoinCash - Plotted SpeedBump Resistance Lines Lets get right down to it. First the disclaimer. Not financial advise, dont bet the farm... you know dont make any bets based on this opinion. Seek financial advance from a qualified advisor and do as much research as possible before making any trade. The Update ~~~~~~~~~~~~ Sorry to the people that follow us on Twitter waiting for these and previous plotted lines on a chart. We face certain problems trying to calculate on such a big currency such as BCH. The straight answer is that there are alot of different exchanges and those pools of volume must be taken into account before coming up with the lines. We chose BITFINEX for plotting our resistance lines since it has the least amount of drift when calculating using (Vs. BTC). If you followed us on Twitter (here twitter.com) , we posted the first few lines of resistance already which seem to be holding up very well. Up till now our 3712 was our outer orbit of resistance. This is because it will take a very large amount of volume above this line to break it. And looking at the numbers today (right now) there isnt enough escape velocity to break it. We believe (and hope) this will result in some consolidation. $BCH needs to digest the move that has already happened to keep things together. New SB Resistance lines SBR9 =9355.48 SBR8 =8001.6 SBR7 =7371.06 SBR6 =6052.67 SBR5 =5799.1 SBR4 =4403.7 SBR3 =3712.52 (Contested - needs a lot of volume to break) Support =3333.23 (Resistance Defeated) Support=3122.09 (Resistance Defeated) Lurker Buyer =3077.87 (Last seen a while ago. Not seen since.) Will post when #Mudspike occurs. Who is #MrBlackhole ~~~~~~~~~~~~~~~~~~~~~ There is a very large buyer we have detected in 3 cryptocurrencies and seems to have a very heavy influence. It seems this person/bot is buy side only and does not sell. This is why we branded him MrBlackHole. That said this is has made predicting movements higher easier because there is a very predictable incremental jumps buying levels. For some this sounds like pixie dust and hog wash. But if you look at our twitter and Trading view posts on VTC Vercoin, we have been able to predict levels of resistance before it even trades there. More recently we have been initiating coverage on BCH but unfortunately we do not have the sources to keep it up. So we will not be providing on going coverage beyond what we have posted here. The computing power, data storage and time required is .... taxing on our resources. We will be providing coverage on one other coin in the coming days as soon as we verify the numbers. Now that we are finished with $BCH we will be focusing on the quieter coins.
BLong
by Nysedaytraders
4
Ripple Bullish But Facing ResistanceRipple just can't seem to get the memo the bulls left for cryptos. It's facing strong resistance at highs, despite hugging the upper bound of the Kovach Reversals Indicator. Both Kovach Momentum Indicators are chugging along, so hopefully we can push past this resistance soon. The Elliott Wave is a bit foreboding as we are far away from new highs at $0.40. I'm not entirely convinced of my representation of the current impulse, but my best guess is that we are in Wave 3 of the impulse of the 5-3 wave, which means we should be able to gain more traction as this is the longest and strongest phase. Until then, turn to other altcoins for greener pastures. If you like the Kovach Momentum and Reversals Indicator check them out here ! Also included in the package are crypto specific indicators!
BITSTAMP:XRPUSDLong
by quantguy
Posible short term winIn this trade that I opened on the 2nd of July I have a target Price of 2,900 BTC. Entered at the price of 2,500 with a Stop Loss of 6%, 2,350. I put this stop because is where the price could touch the low end of the Bollinger band. With a target price of 2,900. This is kind a risk and speculative move and if it does not brake the upper line of the triangle I will take my profits, but if it breaks it, I really think it could go up until 2,900. But I will be very careful and I putted a little money buying BTC, if the coin breaks the 2,400 support is very probable that we see a down trend. If someone was wandering why I put my Stop Loss on 2,350 and not in 2,400 is to a leave a little space for a confirmation of the support line.
BITSTAMP:BTCUSDLong
by CryptoWarrior
Update: Bitcoin Back at Support for an Up SwingThis is actually a hard call because those that have followed me for a while know how much much i love my Triangles, which were very reliable in 2014, not as much in 2015. Statistically a Descending Triangle should break to the downside 2/3 rds of the time, but as we saw in late June, there was additional support via 50-day SMA to make the triangle break out to the upside. It appears we are facing the identical situation again just on a slightly bigger scale. (Fractal Fans Around). In addition to the 50-day SMA we have the 3rd of our trend lines being hit right now and this is the one we are expecting to hold. The MACD and RSI are not ideal for a turn here and still have room to the downside but I'm being optimistic and a bit premature as I missed good entries on the last two up swings this summer waiting for a larger pull back each time to more sound support. If the price does break to the downside there should be additional strong support around the $255 area and the 200-day SMA. As it stand right now the Swing target off support is the $320-330 area. Conservative stop loss with a close under the 50-day SMA and a lenient stop loss with a close under the 200-day SMA which has finally turned back up. Good luck traders, Please check out my more detailed Weekly Traders Newsletter published at BraveNewCoin: bravenewcoin.com And my weekly articles: bravenewcoin.com I will also be speaking at several events this year like NYC LibertyFest, Inside Bitcions South Korea and San Diego along with a few more. Tone Vays: @Tone_LLT
BITFINEX:BTCUSDLong
by ToneVays
7