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Measuredmove

BTCUSD AB=CD 1:1 MOVE COMPLETED - OR NOTpowered through .382 and not able to get a meaningful bounce. acceleration in both price and spread currently looks like BTC USD wants to go down further before a retrace. Extension of the 1-1 ABCD to 1.618 would bring it down to .618 area. Price action here may give a clue as to $4K and below or back up towards 10K. If the higher low gets busted then probability is that downside target would be a lot lower the $4K area. If we get to 6400 in a few days rather than a few weeks that would also point to a deeper decline
BITFINEX:BTCUSDShort
by traintrack
What's next for BTC?After days of le miserables sideways, BTC has been moving in a very tight range and looks primed for a big move one way or the other. It's important to realize that price has finally settled in an area with some actual history and support, making any bearish continuation likely to be much slower and grindier than the initial fall from 20 to 6k. Technicals remain bearish across the board and such a grinding bearish continuation is what looks most likely in my opinion. If you've been following my 2014 fractal idea, you'll know that I'm still quite bearish medium/longer term. That said, I will continue to play the bigger 4hr bounces as I have all the way down from 20k and the above chart shows the levels I'm currently looking at to buy (both bitcoin and some altcoins when btc gets there). Happy trading my dudes/dudettes!
BITSTAMP:BTCUSD
by paretotech
UPDATE: BTCUSD retesting Dec '18 reversal pattern necklineBTCUSD's blowoff top, 30 day phase ended December 17, 2018, harmoniously near key GANN Solar year date, Dec 22. At this point began BTC's 30 day reversal pattern which confirmed in 29 days since the December high. Next phase, the continuation phase, lasted an additional 30 days, with price breaking down the neckline BTCUSD 12500, and quickly retesting, only to fail and complete a measured move from the December '17 highs down to BTCUSD 6000. As this move was 'Oversold' considerably, on numerous technical indicators, a bounce occured off the measured move into our current phase: Retest. Expectations for February - March 2018: I expect the declining tops line to hold as support in the Retest phase, and into the continuation phase. In the near term, 1. I expect BTCUSD 12500 to retest in February, finding selling pressure before March begins. 2. I expect BTCUSD 6000 low to retest in mid March, offering some support, and into a minor correction. In April 2018 I expect BTCUSD to reach 3000 before establishing legs for the next bullish move up. I am utilizing GANN days after a top/bottom to forecast potential correction/continuation/reversal days. I am utilizing key pivot points (price levels) that may indicate support or resistance for a potential correction/continuation/reversal of the trend. *Notice how price finds key trading levels at 3000 6000 12000 18000
BITSTAMP:BTCUSDShort
by MacroFinZ
3
XRP: Measured Move As we all know, XRP has been booming, as of late. However, with great price movement comes great retrace. At a glance, XRP appears to be shaping up for a Measured Move. In case you do not know what a Measured Move is, here is a very simple explanation: - A Measured Move is a three-part formation consisting of a reversal advance, correction/consolidation, and continuation advance. Long story short, this is a bullish continuation pattern. - The first advance usually begins near the established lows of the previous decline and extends for a few weeks or many months (in this scenario, it is a few weeks). Ideally, the advance is fairly orderly and lengthy with a series of rising peaks and troughs that may form a price channel. - After an extended advance, consolidation or correction can be expected. Since XRP's price is clearly going through "correction," we can expect retracement ranging from 33% to 67% of the previous advance. As it stands, we have already surpassed 33% with no signs of stopping at 50%, so I would aim for 67% retrace. Generally speaking, the bigger the advance, the bigger the correction. - After calculating potential retracement targets, the next continuation advance can be calculate as: distance from the low to the high of the first advance plus (+) the low of the consolidation/retracement estimate. This will give you your target price projection for the ensuing advance. My calculations and assumptions are as follows: - Extended Advance low: $0.23 - Extended Advance high: $3.35 - Difference: $3.12 - 50% Retracement of first advance: $(1.56) >> $1.79 (Buy) >> $4.91 (Sell) - 61.80% Retracement of first advance: $(1.928) >> $1.42 (Buy) >> TP $4.54 (Sell) - 67% Retracement of first advance: $(2.09) >> $1.26 (Buy) >> $4.38 (Sell) So, there you have it, folks. The end is not upon us... yet. There is still much money to be made, and I wish you all the best of luck! -MV
KRAKEN:XRPUSDLong
by wallstreetwise
9
BTCUSD, up to 19K ?Lots to work with on BTC right now on the 4hr. Measured move on the Head and Shoulders sets a target for close to 19k. Two strong resistance barriers right above current market value... need to beak past that to be able to focus on a higher target. On the other hand, price action is strong within an upwards channel and the High RSI levels and lagging Moving Average can set up a retrace to the bottom of the channel. On the other hand, if Market can't slide past 16300 level we might be looking at a double top, although we believe it'll break the resistance levels slowly to allow for RSI to cool off and Mov Avg to catch up.
BITSTAMP:BTCUSD
by ChasingTheMarket