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Doji

BTCUSD - Still have time to play alt coins!Note: this idea is extremely time constrained and may be irrelevant by time you read it. 1 hour just closed with a doji candlestick! We still have time to play alts as long as BTC is carefully watched. + Closed right on the 38.20% retracement (peak is drawn from $11185.10) + Jumped speed resistance fans like it was made for puppies + BTC can definitely drop a few dollars and ride the fan line, no $100 drop (yet) - RSI has flattened out - Price stagnation and a bad candle close can lead to a big dump (or a pump but it looks bearish as of posting) +/- Inside main trend channel. Good because we're safe, but we may hit the bottom of it if support fails. - Extreme divergence from the two moving averages. Usually when this happens we're bound for a correction. - Buy volume lacking Stay safe out there!
BITFINEX:BTCUSD
by NeoButane
Will the 50EMA bounce up off the 200 or trigger a death cross?This is a big deciding moment...the price wants to flirt with the support line of 9500 on the depth chart that I spoke of in the last idea. however we see the last 4 hour candle closed as a dragonfly doji, which is indicative of a bull reversal...the RSI is also approaching the oversold zone...9500 is also still the price dip that if it were the deepest dip of the head and shoulder patterns right should would make its trendline parallel with the necklines trendline. best to do a test vuy as close to 9500 as the price is willing to let us get and be ready with an immediate stop loss if it goes under your buy in.
BITFINEX:BTCUSD
by DrDovetail
A sudden flash crash turned a good day into a bearish dayEverything was looking dandy for bitcoin and litecoin...litecoin appeared to breaking out above a bull pennant and btc seemed well on it's way to the original head and shoulder pattern and then suddenly a whale or two must have decided to take a sizeable profit, enough to trigger an avalanche of auto sells creating FUD in the non auto sellers all culminating into ending the days candle on a shooting star doji. Never a good candle to see as it signals a trend reversal. I personally think it's just there to allow for a overdue retracement, and am still optimistic about the bulls. Especially with segwit finally being integrated...I also feel that this dip will finally kickstart the rest of the altcoin market which has been more or less flatlining ever since litecoin and btc went leroy jenkins on everyone now may be a good time for a brief short but I have a feeling it wont dip below our last retracements low. Tread cautiously and stay pragmatically optimistic. This short is only short term until the brief retracement is over..I think it will only be brief because I still think we will reach the head and shoulder price target as well as flirt with the top of the green channel.
BITFINEX:BTCUSDShort
by DrDovetail
7
AUDUSD I marked on the chart GAP from daily chart and I think it will play important role in next few days as a major support/resistance area. It seems like that the pair is back on up trend after yesterday's sharp movement. Risk ratio is set close to 3:1 and it is based on Fibonacci 50% to 150%. Green rectangle - this is very powerful formation with close to double bottom with great doji candle which is barely touching previous lows and shooting pair higher. As long as the pair is above GAP it is in my opinion good area to enter. See weekly chart for more detailed view
Long
by Krystiannwk
Substratum (SUB) going for a new run: Possible 200% opportunitySubstratum is displaying a bullish MACD divergence together with a Doji 4h candle on the exponential channel support. I believe these are strong indicators that a second runup in price will occur. The two previous runups peaked at the 2.618 Fibonacci extension of the previous one, which sets the take profit range at around 35ksat to 40ksat. Buying at the current price of 13.8ksat will provide a rough gain of 200%. However, the bearish trend seen since the previous peak is relatively strong. I recommend setting a stop loss order at 12.5ksat Buy: 14ksat Sell: 35ksat - 40ksat Stop loss: 12.5ksat
SLong
by Pinks
3
BTC Short Term Bounce?Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line, which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross over on the MACD, indicating the bears are losing momentum and can't drive the prices lower. At the bottom, we see a long doji candle. These type of candles are often a powerful reversal signal. In addition, Bitcoin failed to made a higher low, which could mean that the downtrend is over. Possible Trade Setup: Stop Loss: 13700 (Slightly lower than the current low) Target: 15740 (upper trend line in descending triangle) What is a cross over? www.google.com What is a doji candle? www.google.com
BITFINEX:BTCUSDLong
by aoeuaoeu
Potential Short Play for AUDJPYThis currency pair is having an overly extended bull run at the moment. As we can see, RSI(14) is indicating an overbought reading. This currency previously managed to survive the 88.0 round number and manage to go even higher. But take a look at these aspects: 1. A strong rejection on the 89.10 territory. The same rejection happened on 20th and 27th of July, 23rd of October 2017, and if we pull a fibonacci retracement all the way from 21st September 2017 high down to 28th of November 2017 low, we can see the current price is hitting the 23.60% retracement. 2. If you switch the timeframe to 4H, you can clearly see there is a RSI(14) divergence observed in this currency pair. 3. AUDUSD is making a doji in the daily. This indicates that bull's exhaustion for OZ dollar and bear is potentially going to take over it (signalling that OZ dollar is started to get weaken).
Short
by nivelij01
Ripple RippingRipple has remained resilient and avoided getting hurt by the tremendous pullback in cryptocurrencies beginning on December 22nd. It has shattered technical and psychological levels as it rocketed up to the $2 handle, where it now currently resides, decidedly stealing market share from Ethereum, usurping it as second in market capitalization, under Bitcoin. This is quite a departure from the $0.20 range where it sat for months boring investors who were taunted by substantial gains in other altcoins. Investors should be warned that we are currently at highs right now, so we can expect a retracement. We appear to be forming a doji candle today, which supports the fact that a pullback is near. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
BITSTAMP:XRPUSDLong
by quantguy
18