Get started

BTC-ETH-XRP

EOS Daily Dose 3/14/19EOS is in tight predicament. EMA1 and EMA2 are about to converge or diverge. If they continue to diverge then EOS’s price action will be bullish but it is too hard to tell right now. This does look like a re-accumulation phase as well. As the price converges into the apex of its triangle, there should be an increase in volatility very soon. There is heavy resistance at $4.00 but decent support at $3.45. The sentiment is more bullish than bearish for me though. However, I am going to wait until we make a new high or low before I consider trading EOS.
BITFINEX:EOSUSD
by aboveandphom
Ripple Daily Dose 3/14/19XRP is quite different than any of the other cryptocurrencies. The sentiment for XRP is bearish in my opinion. Because XRP has showcased that has decouple a while ago, relying on price movements from Bitcoin and Ethereum will not provide as much meaning as say, the relationship between Ethereum and Bitcoin. That being said, there are some critical tests that XRP has not satisfied for me to be considered bullish. First off, there was a major rejection at the 38.2 Fibonacci line and the pattern right now seems like a bearish continuation. Until we can break $.40, I am not considering to trade XRP. It is entirely possible that we have bottomed out, but I am more confident in trading the above coins for now. There was an 8% drop at 7:15am this morning but it wicked extremely long so that we are currently in a range. This is an indication of uncertainty between bears and bulls.
BITFINEX:XRPUSD
by aboveandphom
Ethereum Daily Dose 3/14/19ETH’s price action is very similar to Bitcoin’s but with a few slight differences. First off, there was the similar pump that led ETH to move to $170 and then a precipitous drop to the $140s range two weeks ago. Then there was a similar belly that was formed which looks like a Wyckoff Re-accumulation as well. However, one of the main differences is that this price action looks a lot better than Bitcoin’s in terms of going in a long position. I will refer to my yellow line and my purple line as EMA1 and EMA2 with the yellow being a shorter time frame and the purple one longer, respectively. EMA1 is finding some nice support and we are consolidating within a micro range, that hasn’t fully completed a macro range. But if we hold this range here, we have a good shot of at least re-testing $150-$170. I am still long from around $131 after taking some profit but that being said, my stop loss is $131. There is a strong possibility that this price can still be going to the $113-$118 range, but if that breaks, the sentiment will be bearish to me.
BITFINEX:ETHUSD
by aboveandphom
Crypto pressWhat you need to do in order to benefit from Crypto's main use case - making money is simple, if you are on TRadingview or a similar site with a feed with C.C.N., Nulltx , Benzinga , NewsBTC or another iteration of the same false programming is simple. Duct tape works, but you CAN expand the market depth view to cover these entities, so you don't see them. Their predictions have proven false 90% of the time, and after a year of writing about how traditional weights and measures do not, CANNOT apply to crypto, they have rolled out new toys like a "Confluence Detector." I have rolled out a B.S. detector, and it's glowing when it see's said entities say ANYTHING. BY way of example, a headline reads EUR/USD action points to huge breakout for Bitcoin. NO, it doesn't. Bitcoin is traded in many fiat currencies, arguably as much the Euro if not more than the dollar; furthermore it is paired with eth , LTC , XRP etc. et. al. So...., fool me once- nice job, twice and I am an idiot. Sensational headlines written by organizations controlled by big money are simply one more form of the price manipulation we deal with. Last time i saw a headline read "BTC to hold at 4k," it lost 350 usd overnight; and that can be measured in Euro's, Yen, Krugerand lol; what have you. Filter out the bullshit; learn your own system, observe- OBSERVE market cycles, correlate them with REAL news - the U.S. shutdown for example, but more than anything observe correlations with the indicators your site provides- whether it be Elder ray(especially useful tool), Elder Fischer transform, Adx/Dms , Coppock curve, ease of movement- simple and exponential , Chande forecast oscillator - all designed without crypto in mind, which is why on the face they dont apply, but with CORRELATION, OBSERVATION , AND CONVERGENCE , they can be MADE to apply. Freedom of the press works both ways, so stop reading the Enquirer. It's bad for your risk capital. Caveat Emptor; Fortis Fortuna Adiuvat.
BITSTAMP:XRPUSD
by Cryptocautious