STORM-Storming AheadBINANCE:STORMETH is passing the 1.618 Fibonacci Extension level which suggest we will see an extended 3rd wave.
Stop-loss= .00006754
Cryptowolf
ETH-The Million Dollar QuestionETHUSD is a tough call right here.
Since we had an extended 5th Wave which created the all time highs, we successfully retraced the entire 5th Wave.
Will we retrace the entire 5 Wave Cycle which tends to happen or is also known as the Double Retracement?
If we do, the target is ETHUSD $321!
Long Lower Shadow CandlestickMeaning
If the candle is bullish (white or green), the price dips down quite low following the interval’s opening due to the bears’ influence. However, the bulls gain control and push the price back up again, so the interval closes above where it began.
If the candle is bearish (black or red), the bears take the reins and force the price downward. After they’ve done all they can, they experience a pushback. The bulls take over and propel the price back up so the interval’s close is relatively far above the overall low.
The Long Lower Shadow candlestick is typically considered to be a bullish signal, but it is quite weak in this capacity. In addition, when the market is oversold or at support, the Long Lower Shadow candlestick tends to be more significant.
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Although the Long Lower Shadow candlestick doesn’t have a lot to say on its own, it should still be included in the larger conversation. When you spot it, look for surrounding candlestick patterns of which it may be a part.
Good luck!
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Cap and Handle patternThe handle is not there yet... follow the chart in the next few days let's see what happens
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Inverted Hammer CriteriaCriteria
1. The upper shadow should be at least two times the length of the body.
2. The real body is at the lower end of the trading range. The color of the body is not
important, although a white body should have slightly more bullish implications.
3. There should be no lower shadow, or a very small lower shadow.
Signal Enhancements
- The longer the upper shadow, the higher the potential of a reversal occurring.
- A gap down from the previous day's close sets up for a stronger reversal move.
- The day after the inverted hammer signal opens higher.
- Large volume on the day of the inverted hammer signal increases the chances that a
blowoff day has occurred.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
BTC-Target for the End of the CorrectionBTCUSD We are currently at in the midst of WAVE C of the Correction which is 5 Sub-Waves. The Fibonacci Retracement Level to look for is 1.618.
This selling will be intense and brief, hopefully your stop-loss hit so you can profit from the down turn.
WACE C TARGET: BTCUSD $8898-$8143
Hold on...its going to be a little bumpy.
Count the WAVES.
Look for a Reflex Point that ends higher.
Count 5 Mini-Waves.
Count 3 Corrective Waves...Should be at 50% or 61.8% retracement levels.
Place stop-loss just underneath Mini-Wave 1.
Cheers!
Stay thirsty my friends,
-AB
ETH 4 hour Bull Break Highlighted potential 4 hour cup and handle setup from the video last night saw some follow through with a break correlating to BTC.
BTC holding up a bit stronger on the breakout,but we are seeing the 4 hour EMA 12 and 26 cross.
Loss of the current hourly consolidation low will be a short term consolidation red flag giving us a lower high and lower low.
Bulls trying to get over $900 psychological resistance today, which would require continuation and a break over the top of last night's high.
ETH and BTC much stronger correlation to each other than LTC currently.
Bulls working with some momentum from the Polo Circle deal announced yesterday which is very bullish for the space overall.
Acquisitions are big time "bets" made by companies anticipating crypto popularity not going anywhere.
CLAMUSD Long OpportunityCLAM reached accumulation zone, cycle will restart, buy under $5.5 and sell $12+
$KNC $KNC.B - Kyber - 4hour Chart BinanceI was asked to run a chart on KNC, this one is for Binance. It is on a heavy downtrend at the moment. Its riding the bottom bollinger band with a large bearish candle and RSI is below 30% which shows signs of it being oversold. The oversold RSI can be a sign there is a reversal soon, though if I were to buy in, I would wait until RSI goes positive and we see some bullish candles. This may not be the bottom for KNC so buying in should wait. If you are holding this, either wait to gain some losses back or I may take the loss and re-invest elsewhere.
ETH Daily Higher Low FormingVery strong daily chart, still correlated to BTC and trying to form a daily bullish candle to indicate our higher low is in.
Declining volume on the 4 hour chart does not build confidence for the bulls.
We will likely need to consolidate and attempt a higher low on the 4 hour chart to try and see the bounce continue.
Never take your eyes off BTC correlation, with the Tether FUD yesterday we are seeing significant correlations.
Bulls still positioned very well IF the BTC bulls can get their act together, but I do not have confidence in that just yet due to lack of volume on this bounce.
BTC bulls establish higher low on 4 hour. Things going as anticipated in the video yesterday.
Bulls topped out in the later afternoon/evening and consolidated to form a higher low on the 4 hour.
EMA 12 and 26 resistance on the 4 hour currently keeping the price contained.
Bulls need a break for continuation on this bounce.
If we cannot break the high of the bounce this morning, look for a lower high and an equilibrium of sideways trading.
Bulls still have momentum in their favor on this bounce.
BTC continues to be the leader to watch for correlation to the other names, including most alt coins.
15 min higher lows being lost would indicate we enter the sideways trading scenario.
BTC FUD Recovery AttemptAfter a bullish setup on the daily was completely ruined by news, the bulls saw an oversold bounce play out overnight.
Now we have consolidated from that top, and are looking for the higher low to be set on the hourly.
We have a new support level and anticipate a lower high for an hourly equilibrium.
I have continued to play ETH based on what BTC is doing, as the bounces have moved easier for bulls.
The Korean news is being discussed as nothing new, and trading will only be banned by non-compliant exchanges.
Looks like CNN might have posted a click - bait article that led to this selloff.
Another lesson in stop losses to have the opportunity to reload lower, even if it means taking a small loss in the short term to allow for cash for the bounce.
BTCUSD Analysis - DailyI think that we can expect turnover on 10 000 $, because its strong psychological price. What do you think?
NEO - Support & Resistance + Buy and Sell Zones!Neo recently faced an upsurge in price, coming from the price of $25 all the way above $50. The was a great opportunity for the chance, however, the price has faced a sharp pullback, keep your eyes on the support and resistance lines and use the zones as an indication of when the best time to take profits are or place orders. Not investment advice.
