LBC excellent price range for long-term investment#LBC
At the moment, there is a minimum price range for this market, as you can see, the absolute minimum has recently been reached. In the long term, a rise in MACD is seen, at a time when the price was falling. Such a divergence gives the market a good chance to make a rebound and step significantly higher. The RSI periodically was in the oversold zone, but now takes on a bullish character and can move higher. In general, for long-term investments LBRY Credits demonstrates an excellent opportunity to open transactions in the range of 630-740, but if the price goes below this will be a bad sign for the further development of this asset. While we are above the minimum support the market has good chances to bring profit.
Perspective
Obligatory BAT UpdateIt's time for an update on BATBTC, since it invalidated my short term short idea that I posted before:
This does not mean that it can't drop from here, but that my perspective is neutral at this time. On my previous chart, I did say that we could target the 6000 long term resistance. We made an attempt, but didn't make it up there. Instead, we got stopped at this descending line (marked pink on this chart).
I think it's too dangerous for me to re-enter, and I have other setups that have a higher r/r ratio. This is just to show you what COULD happen, if certain things play out. This is my favorite kind of analysis anyway.
If BAT stays firmly above 4500 (including short lived dips below), it could complete a bull flag that has a target above the descending diagonal resistance in pink. We wicked above that resistance on the big Coinbase pump, but still got rejected there. We'll need a lot more force to break above that and aim for 6000. There will be a TON of sell orders stacked up all the way to 7000. If we break 7000, then we are officially out of this long term trading range and I may look for a new long term position on BAT.
However, on the bearish side of things, if we break down from here and head towards 4000, we will have painted another lower high on the chart. This is certainly a possibility, since we are currently hovering BELOW the previous swing high around 4589 (this was even before the listing pump). Another interesting thing that happened, is that someone market appears to have sold a huge amount recently (big wick down to 1000). Some buyers got very lucky there. However, this could be a sign of a big whale exiting his or her position, thinking that we won't break the range.
Of course I prefer the short scenario, because then I'll be happier with having sold at 4100 and can re-enter once we bottom out again in the low 2000 range, or even lower :) This doesn't mean it WILL happen though.
Be careful!
This is not financial advice, and I am not a qualified financial advisor. This analysis is just a perspective on what could happen with this coin, as I am out of position for now.
-Victor Cobra
Leaning bearish on Bitcoin...if you want to be scared read thisHello all,
Well, here is an image to have you running for your brown pants...
Charts look pretty similar don't they? If you've been following the price of ETH, which I assume you all have, it's sitting at $200. That is a substantial drop from the price above. That could easily be Bitcoin's fate and so at the moment, I am not exposed to bitcoin.
This last Tether pump didn't even take us above the recent high which is very pathetic, indeed. The best case scenario is that we have low volatility and then go up after everyone is bored. At worst, I could see a fall back to $1,000-$3,000. Don't feel despair though, I just got back from getting gas and there was a Bitcoin sign at the station! Bitcoin will rise again :)
I will be waiting and I suggest you do the same! Good luck.
-YoungShkreli
NEM XEMXEM/USD correction from ATH-price is more than 90%(lose). NEM Has very nice buy-zone( 0,9 - 0,15 ) for long-term position.
The Future of Bitcoin - Large scale perspective"Everything between 4k and 15k is just noise." Here's a ultralongterm perspective of BTCUSD.
Word's not needed.
Disclaimer:
Never make decisions based on others TA. This one included.
Always do your own TA, always form your own decisions.
Bear at heart, bull in mind.
Always have two scencarios (minimum).
This is educational theory and not fact, this
may therefore change at any time.
NEO : from this momentNEO/USD calculated from this moment, can be some correction after sometime low than calculations. See at the repeat perspectives and speed of this market!
HAVE SOME PERSPECTIVEMacro scale is important for the sake of shaking out your emotional mindset. Read the chart. All is well.
Ethereum struggles to reach $2000I have to admit that I have a very bullish vision with regard to Ethereum.
Once the major area is passed (850) the price reaches a maximum value, then we get a confirmation of the major support area and the climbing will continue.
Although the price fails to make new highs and exceed the 1300 area, I wanted to remind you that the
January months always represent months of correction both in the crypto market and in the forex market.
The less favorable news, as well as the events lately, have somewhat stagnated the rise of ETH to the 1500 area, but although the increasingly pronounced appearance of those who sold failed to lower ETh below 850. The rectangular yellow area will be an uncertain and magnificent area between those who will sell and those who will buy.
A burst will create a new wave of optimism on the market and drive the price to the 1500 area.
The Yellow Average of 55 works perfectly as support and I do not think there is a crack in its inferior areas too soon.
I'm planning Ethereum in the 2000-2500 area in the coming months, and I expect to see a major price correction, when it will exceed 2000.
In the same time, you need to understand the correlations between ETH and major currency pairs like EUR/USD
I have created a video for all of you that are intrested in understanding more :
www.youtube.com
EURUSD SHORT PERSPRCTIVE, D1/W1In this analysis, I believe that the market will make a 38.2 retracement of wave A.
(WAVE A: Bullish commencement - Potential Bear Wave/Consolidation )
Note that the dashed lines within the 38.2 area represent a channel of past support and resistance.
If my hypothesis is correct, then the market will return within that area.
I'm mainly focusing mainly on 1.13876 as a TP
I'll keep an eye on the development and see if potential patterns form.
ETHUSD Levels And Perspective: Consolidation Into Support Zone.ETHUSD Update: 207 resistance that I reported yesterday clearly held and selling momentum ensued. Bears are still in control for the moment. And with the additional price structure in place, there is more information to consider.
Overall, this market is consolidating which is noted by the converging trend lines. No surprise since there is a ton of uncertainty going into these next two weeks. A thread on Reddit explained the "User Activated Soft Fork" (UASF) which I thought was supposed to happen on 8/1 (BIP 148) is actually happening on 7/23, along with some other confusing details (I don't even know if this information is reliable). This is a perfect example why fundamentals are NOT good for short term trading. What this information does tell me is how confused and uncertain these markets are which is in line with the ongoing consolidation (technicals don't lie). This also tells me not to hold anything into those dates and to let the market work itself out. So from here I will consider day trade opportunities, or plan to exit any possible swing trades before the 23rd. (Unless I can find more reliable information).
Since the selling momentum continued off of 207, there is a new minor overhead resistance in the 203 area that also needs to be compromised before I can start looking to buy. These levels can be used for day trade targets or shorts if you are so inclined.
Also at the moment, price is at the 193 level which was a previous resistance (inversion) and has acted as a support previously. This level and the 180 to 190 range just below (which relates to a .618 Fib retracement of the broader structure) still serve as a location for bullish reversals. I prefer chart pattern reversals on this time frame like the examples that appear to the left of the chart (see double bottom). I would like to see one of these appear at the current level or in the range below. That is the first step, then I need to see a break of 207 which will signal buying momentum has returned, and finally I will be evaluating the subsequent retrace for a trade entry. That is my plan in a nutshell. 180, 169 and 160 are my reference points for a stop, but I cannot evaluate risk until my setup appears.
In summary, the major trend is still bullish according to price structure, but all these markets are caught in a mud pit of uncertainty. During these consolidations, projecting relevant support and resistance levels is very helpful because they highlight where to expect reversals, and how to navigate a broad range bound market. Since there is no trade setup, my goal for these evaluations is to provide some clarity and perspective.
Comments and questions welcome.
XAGUSD PerspectiveNot sure which way this will go for now, watch for fake outs, this is just an outlook, I can't really predict a certain direction at this moment.
NZDUSD Daily Short PerspectiveSoon, when USD begins strengthening, and bears have fully immersed themselves in NZDUSD, this pair will go down.
This is a perspective of the Daily TF, the next post, which I will link this to, will be the hourly setup that will help me trade this NU short.
AUDNZD - Long-Term PerspectiveSometimes you have to put things into perspective.
I'm not saying AUDNZD can't go up anymore.
Look at the breakout in March.
Or even look at the dotted line I've drawn.
It can still go higher.
I am saying though that taking distance for a moment and looking at it from far away can never hurt.
I'm posting my observations here to document my progress.
FCX - Different perspectiveAs you can see , we need more price action to show us more clean direction.
MACRO VIEW: XLU STRUGGLING TO GET BACK INTO MACRO UPTRENDSXLU - the SPDR utilities sector ETF is struggling to get back into macro uptrends, while showing no bias on short term.
On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year mean.
Thus one can only say that XLU has restored its long term upward bias if it trades firmly back above 44.
On short term basis price is trading within 1st standard deviation from both 1-year and quarterly mean, showing no directional bias at the moment.
MACRO VIEW: XLB IN UNCERTAINTY ON ALL FRONTSXLB trades within uncertain territory both on macro and micro basis.
On long term perspective price has failed its 10 and 5 year trends, and now trades between 2 macro levels - the 5-year mean at 41.50 and the 10-year uptrend border at 46.50.
On short term perspective price also showing no particular trend - XLB is trading within 1st standard deviations from both quarterly (66 day) and 1-year (264 day) mean.
Thus in general currently more lateral action is most likely at XLB, until it breaks one of the key macro levels outlined on the chart.
MACRO VIEW: XLI HOLDS 10-YEAR UPTREND, STILL NOT BACK IN 5-YEARXLI holds 10-year uptrend at the august selloff, but did not yet recover its 5-year uptrend.
On long term perspective price has failed its 5-year uptrend (fell below 5-year uptrend border) and tested its 10-year trend during the august selloff (tagged the 10-year uptrend border). The 10-year uptrend test proved successful and the price has been recovering since then.
On short term perspective nothing stands in the way of the recovery, as price is showing no short term trends - XLI is trading within 1st standard deviations from 1-year and quarterly means.
Thus price is likely to return into long term uptrend if it breaks above 55. Downside risk will be apparent below 50 level.
USD/TRY D1 Perspective I had a request from a friend to analyze USD/TRY:
On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves.
Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us opportunity to open a position trade by its steep. On S2 line we had 2 potential of Buy and why we do not Sell on R1.2 is because of its upward steep and we will never Sell on upward trend and never do amateurish scalping and we do not close our deal until either S2 breaks or we see a PA TP Signal which we had it on the top and Also a good Sell Signal at the same time.
Remember as a good trader how we open Sell Position is not when ever we see double top just sell on it. Even though we have seen a bearish PA on the top we still should wait ti S 1.1 trend to break and then we can open Sell position with SL of above R 1 + Spread. Since price follows our expectation we will sell any time if price touches the R1.1 with SL of above it. (Remember you must first observe that does the price are going to touch and pull back or it will breaks the trend. You never Sell if your trend is broke out. You follow the price till you reach the Future Expected Price A (FEPA) and if price does not change direction; you will follow the same strategy till you reach FEPB. (If R 1.1 dose not break).
Since we have S 2 Trend line seems to be stronger than R1.1 you also can expect an uptrend around that area. If we see S 2 Breaks R 1.1 we get ready to see a harmonic pattern in future.
Our expected Patterns and Elliot are not our signal, it's just a map and idea that we can look at them some time. We trade based on your best friend (trend) and PA.
Any time if the harmonic pattern is completed you can expect for a bullish movement.
Remember you will close all the sell position if R 1.1 breaks and will not open any position till you reach on 1 safe trend. Hold is also an option.
FEP are found by Orbits strategy that I have explained in many of my previous perspective. If you are new to it please read my previous analysis and if still you have problem with it feel free and email me at [email protected]
DJIA Monthly Moves Since 1998Much a do was made about February's gains but it was less than 7%. A similar move was made in January of 2013 and an even bigger move was made in October of 2011. So here's some perspective on the monthly moves that were made in the DOW. Notice how the only 10%+ moves (Blue) were made going down.
BTC perspectivePayPal news seems more likely to be a reason/excuse to pump rather than a catalyst to the temporary bullish momentum in the current bear market.
4 hours RSI today still shows an underlying weakness in the market with its inability to break out of the trend developed over several months since the fall from the 680 rally. We are also hitting an upper resistance as defined by the red horizontal line in the chart.
We'll most likely still be making a visiting to $350 if BTC fails to make new highs from here to invalidate the elliot wave. Next few hours to days will be crucial.
I will be waiting for a new peak to short, in the meantime we'll trade sideways for a while.
