Topic: HOT Altcoins Trade Ideas - page 25. (Read 16049 times)
Thanks for sharing your view but you missed some hot Altcoins i think. Anyways it depends on the individuals how much they agree with the list.
OTA Massive Range
IOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading.
After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal.
The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend.
Source: http://cryptopost.com/iota-massive-range/
IOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading.
After producing a double bottom at $1.2, RSI oscillator formed a bullish divergence suggesting the reversal or a correctional move up. The following break above the downtrend trendline and the $2.1 resistance adding extra confirmation to the probability of reversal.
The first upside target is seen at $3.8, that is confirmed by the 61.8% Fibonacci retracement level. Break above $3.8 should push price further up and could confirm the long-time uptrend.
Source: http://cryptopost.com/iota-massive-range/
DigiByte VS Bitcoin Signs of Reversal
DidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up.
After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs.
First resistance: 600 Satoshi
Second resistance: 770 Satoshi
Third resistance: 830 Satoshi.
If the price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook.
Source: http://cryptopost.com/digibyte-vs-bitcoin-signs-of-reversal/
DidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up.
After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs.
First resistance: 600 Satoshi
Second resistance: 770 Satoshi
Third resistance: 830 Satoshi.
If the price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook.
Source: http://cryptopost.com/digibyte-vs-bitcoin-signs-of-reversal/
Ardor is bad. And I think you have too many coins to be able to fully follow up in detail in all the project, and I think you are unit biased.
Adex VS Bitcoin 200% Growth Potential
The downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend.
Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place.
On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook.
Source: http://cryptopost.com/adex-vs-bitcoin-200-growth-potential/
The downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend.
Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place.
On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook.
Source: http://cryptopost.com/adex-vs-bitcoin-200-growth-potential/
BitBean VS Bitcoin – What To Expect
After testing an all-time high at 250 satoshi, BitBean corrected down to 76.4% Fibonacci retracement level at 79 satoshi, although price did spiked lower while hitting 68 sathosi, but failing to close below the Fibonacci support.
At this point, the upside potential is certainly there, but it has to be kept in mind that price does approach a very strong resistance at 150 satoshi. If BITB/BTC manages to break and close above that price on a daily chart it is very likely that the uptrend will continue and could go as high s 161.8% Fibonacci level at 362 satoshi.
On a downside, the strong support is now at 100 satoshi area and if the price goes below it, BitBean could go back to 70 satoshi support to form a double bottom. All-in-all, the buying opportunity is interesting and could result in a strong 140% gain against the Bitcoin, if the resistance will be broken.
http://cryptopost.com/bitbean-vs-bitcoin-what-to-expect/
After testing an all-time high at 250 satoshi, BitBean corrected down to 76.4% Fibonacci retracement level at 79 satoshi, although price did spiked lower while hitting 68 sathosi, but failing to close below the Fibonacci support.
At this point, the upside potential is certainly there, but it has to be kept in mind that price does approach a very strong resistance at 150 satoshi. If BITB/BTC manages to break and close above that price on a daily chart it is very likely that the uptrend will continue and could go as high s 161.8% Fibonacci level at 362 satoshi.
On a downside, the strong support is now at 100 satoshi area and if the price goes below it, BitBean could go back to 70 satoshi support to form a double bottom. All-in-all, the buying opportunity is interesting and could result in a strong 140% gain against the Bitcoin, if the resistance will be broken.
http://cryptopost.com/bitbean-vs-bitcoin-what-to-expect/
Metaverse ETP – Great Opportunity Of 2018?
Metaverse is a relatively new coin although with a great concept and team behind it. It is always questionable if the project will become the reality, but if Metaverse team will be able to accomplish their goal, ETP could be one of the best investment opportunities in 2018.
The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
The rejection was very clean and price started to move upwards breaking above the downtrend trendline. This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge.
Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the descending channel. Next resistance is at $8.8, which corresponds to the 161.8% Fibonacci retracement level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel.
These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate bullish outlook and extend the consolidation period.
Source: http://cryptopost.com/metaverse-etp-great-opportunity-of-2018/
Metaverse is a relatively new coin although with a great concept and team behind it. It is always questionable if the project will become the reality, but if Metaverse team will be able to accomplish their goal, ETP could be one of the best investment opportunities in 2018.
The current price is relatively cheap and stands at $2, which is not that far of the price since inception. Metaverse found the bottom at $1 where it rejected the 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
The rejection was very clean and price started to move upwards breaking above the downtrend trendline. This could be the first signal to get some ETP long term, but as always there is a risk, however, the growth potential certainly is huge.
Very first upside target is seen at $5.85 that is near previous resistance that has been rejected twice and it is the top of the descending channel. Next resistance is at $8.8, which corresponds to the 161.8% Fibonacci retracement level applied to the last corrective wave down and goes inline with the 161.8% Fibonacci channel.
These are the medium term targets that could be reached within months, but the long-term perspective could bring the price up to $30 and above this year alone. On the downside, break and close below the $1 support could invalidate bullish outlook and extend the consolidation period.
Source: http://cryptopost.com/metaverse-etp-great-opportunity-of-2018/
NavCoin VS Bitcoin Expected to Move Higher
NavCoin found the bottom at 15k satoshi and immediately went up breaking above the descending channel. After short consolidation NAV/BTC continued to move higher and broke above the 200 Moving Average.
Higher highs and higher lows are being printed while the uptrend could have been established. Currently, NavCoin retraced back to the support area between 20 and 21k satoshi. This could be the starting point for the uptrend continuation sending the price up to the 427.2% Fibs retracement applied to the corrective wave down after the descending channel breakout.
At the same time, 23k resistance level should be watched as the price could continue to consolidate below this level. On a downside, if the 20k satoshi support is broken, the price could move back to the 17k satoshi support and only then resume the uptrend. But break and close below 17k satoshi support should invalidate bullish outlook.
http://cryptopost.com/navcoin-vs-bitcoin-espected-to-move-higher/
NavCoin found the bottom at 15k satoshi and immediately went up breaking above the descending channel. After short consolidation NAV/BTC continued to move higher and broke above the 200 Moving Average.
Higher highs and higher lows are being printed while the uptrend could have been established. Currently, NavCoin retraced back to the support area between 20 and 21k satoshi. This could be the starting point for the uptrend continuation sending the price up to the 427.2% Fibs retracement applied to the corrective wave down after the descending channel breakout.
At the same time, 23k resistance level should be watched as the price could continue to consolidate below this level. On a downside, if the 20k satoshi support is broken, the price could move back to the 17k satoshi support and only then resume the uptrend. But break and close below 17k satoshi support should invalidate bullish outlook.
http://cryptopost.com/navcoin-vs-bitcoin-espected-to-move-higher/
Ethereum Classic VS Bitcoin 120% Upside Potential
Ethereum Classic formed a double bottom at btc 0.0013 on the 8th of December 2018 and price was consolidating for another two months, up until yesterday. Since the double bottom formation price was been moving steadily upwards breaking above the 200 Moving average, then rejecting the uptrend trendline and breaking above the 2/1 Gann Fan trendline.
The breakout of the range suggests the beginning of an uptrend and could take ETC/BTC up to btc 0.0088 level where the previous high was formed. This price level also corresponds to 561.8% Fibonacci retracement level applied to the corrective wave where 200 MA was rejected. However, the btc 0.0053 level should also be considered as this is the first upside target that has to be broken in order for Ethereum Classic to continue moving higher towards btc 0.0088.
At this time uptrend becomes valid, although first, a correction down to the btc 0.0033 support is possible. On a downside, only a break and close below the btc 0.0023 support could invalidate bullish outlook.
http://cryptopost.com/ethereum-classic-vs-bitcoin-120-upside-potential/
Ethereum Classic formed a double bottom at btc 0.0013 on the 8th of December 2018 and price was consolidating for another two months, up until yesterday. Since the double bottom formation price was been moving steadily upwards breaking above the 200 Moving average, then rejecting the uptrend trendline and breaking above the 2/1 Gann Fan trendline.
The breakout of the range suggests the beginning of an uptrend and could take ETC/BTC up to btc 0.0088 level where the previous high was formed. This price level also corresponds to 561.8% Fibonacci retracement level applied to the corrective wave where 200 MA was rejected. However, the btc 0.0053 level should also be considered as this is the first upside target that has to be broken in order for Ethereum Classic to continue moving higher towards btc 0.0088.
At this time uptrend becomes valid, although first, a correction down to the btc 0.0033 support is possible. On a downside, only a break and close below the btc 0.0023 support could invalidate bullish outlook.
http://cryptopost.com/ethereum-classic-vs-bitcoin-120-upside-potential/
EuropeCoin VS Bitcoin Buying Opportunity
EuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel.
Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
Source: http://cryptopost.com/europecoin-vs-bitcoin-buying-opportunity/
EuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel.
Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
Source: http://cryptopost.com/europecoin-vs-bitcoin-buying-opportunity/
Enigma VS Bitcoin Uncertainty
Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.
However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma.
In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel.
Source: http://cryptopost.com/enigma-vs-bitcoin-uncertainty/
Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.
However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma.
In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel.
Source: http://cryptopost.com/enigma-vs-bitcoin-uncertainty/
Verge Buy on a Breakout Approach
Verge corrected down by 88% since it reached the all-time high at $0.292, and has found the bottom at $0.034. The RSI oscillator formed a bullish divergence suggesting the reversal of the trend.
However, a strong resistance is based near $0.07 area and the break above is required in order for XVG/USD to grow further. If/when Verge will break and close above this resistance the next potential upside target would be at 38.2% Fibonacci retracement level, that is $0.13 area.
$0.13 resistance, should provide a key clue as to the further Verge price development and if broken, the long-term uptrend should be the case.
In any case, let’s not forget that first, $0.07 resistance must be broken, and if rejected, the price could move back down to the $0.034 support and even lower.
Source: http://cryptopost.com/verge-buy-on-a-breakout-approach/
Verge corrected down by 88% since it reached the all-time high at $0.292, and has found the bottom at $0.034. The RSI oscillator formed a bullish divergence suggesting the reversal of the trend.
However, a strong resistance is based near $0.07 area and the break above is required in order for XVG/USD to grow further. If/when Verge will break and close above this resistance the next potential upside target would be at 38.2% Fibonacci retracement level, that is $0.13 area.
$0.13 resistance, should provide a key clue as to the further Verge price development and if broken, the long-term uptrend should be the case.
In any case, let’s not forget that first, $0.07 resistance must be broken, and if rejected, the price could move back down to the $0.034 support and even lower.
Source: http://cryptopost.com/verge-buy-on-a-breakout-approach/
Syscoin Uptrend is Still Valid
Following the previous idea on Syscoin, it found the resistance near $1 psychological round number, and after hitting $0.98 high, the price went down sharply. SYS/USD broke below the ascending channel and found the support at the lower trendline of the extended ascending channel after rejecting $0.3 low. At the same time price rejected the 127.2% Fibonacci retracement level applied to the corrective wave up, after channel breakout. Anf finally, the uptrend trendline has been respected, while previous support at $0.34 hasn’t been broken.
The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched.
50.0% Fibs ($0.63)
61.8% Fibs ($0.71)
76.4% Fibs ($0.80)
If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed.
http://cryptopost.com/syscoin-uptrend-is-still-valid/
Following the previous idea on Syscoin, it found the resistance near $1 psychological round number, and after hitting $0.98 high, the price went down sharply. SYS/USD broke below the ascending channel and found the support at the lower trendline of the extended ascending channel after rejecting $0.3 low. At the same time price rejected the 127.2% Fibonacci retracement level applied to the corrective wave up, after channel breakout. Anf finally, the uptrend trendline has been respected, while previous support at $0.34 hasn’t been broken.
The uptrend trendline and the key support at $0.34 are not broken as price failed to close below. This could result in a continuation of the SYS/USD growth, although 3 obstacles on the Syscoin way up should be watched.
50.0% Fibs ($0.63)
61.8% Fibs ($0.71)
76.4% Fibs ($0.80)
If any of the resistance levels will be rejected, the price could go back to $0.3 support area, the breakout of the $0.8 resistance should send price towards $1 level and if broken, the long-term uptrend should be confirmed.
http://cryptopost.com/syscoin-uptrend-is-still-valid/
NXT Reversal Probability
NXT was one of those great investment opportunities a few months back that multiplied its’ value against the USD by over 40 times. It went from $0.05 up to $2 all-time high. A truly extraordinary growth has resulted in a very strong correction, sending the price back to $0.13, that is 93% decline in price.
Currently, the lowest point of that correction is $0.127, where RSI oscillator formed a bullish divergence on NXT/USD, suggesting the end of the correction. Further, price broke above the downtrend trendline, adding more assurance to the potential reversal.
However, this could be just a short-term uptrend, where NXT could grow up to one of the strong resistance levels. First is 38.2% Fibonacci retracement level at $0.36, and second is 50% retracement at $0.43. When/if NXT will reach the $0.43 resistance and break above it, only then the longer term uptrend could resume.
Source: http://cryptopost.com/nxt-reversal-probability/
NXT was one of those great investment opportunities a few months back that multiplied its’ value against the USD by over 40 times. It went from $0.05 up to $2 all-time high. A truly extraordinary growth has resulted in a very strong correction, sending the price back to $0.13, that is 93% decline in price.
Currently, the lowest point of that correction is $0.127, where RSI oscillator formed a bullish divergence on NXT/USD, suggesting the end of the correction. Further, price broke above the downtrend trendline, adding more assurance to the potential reversal.
However, this could be just a short-term uptrend, where NXT could grow up to one of the strong resistance levels. First is 38.2% Fibonacci retracement level at $0.36, and second is 50% retracement at $0.43. When/if NXT will reach the $0.43 resistance and break above it, only then the longer term uptrend could resume.
Source: http://cryptopost.com/nxt-reversal-probability/
Shift Bottomed Out?
Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017.
The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch:
61.8% Fibs ($5.3)
50.0% Fibs ($6.
38.2% Fibs ($8.3)
Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook.
Source: http://cryptopost.com/shift-bottomed-out/
Following the strong rally, from $0.5 up to $13, Shift corrected down very sharply and lost 87% to USD in a matter of 5 weeks. Currently, the correctional move down was stopped by the 88.6% Fibonacci retracement level, while price failed to close below it. Additionally, SHIFT/USD testes the major support at $1.6, which has been previously acting as a resistance and support, back in the beginning of December 2017.
The support area between $1.6 and $2.0 looks solid and could result either in strong retracement upwards or a trend reversal. There are 3 resistance levels to watch:
61.8% Fibs ($5.3)
50.0% Fibs ($6.
38.2% Fibs ($8.3)
Break and close above the final resistance should confirm the long-term uptrend, although it if any of them will be rejected, consolidation period could take place. On a downside, only break and close below the $1 psychological support could invalidate bullish outlook.
Source: http://cryptopost.com/shift-bottomed-out/
Litecoin Back To $300?
After a 70% decline from the all-time high at $374, Litecoin found the support at 76.4% Fibonacci retracement level, that is $110 area. Although price spiked lower it closed above the Fibs support and also above the 8/1 Gann Fan trendline closed above.
The bullish divergence was formed on the RSI oscillator suggesting the continuation of the long-term uptrend. While the price already looks attractive many traders could be waiting for more confirmations in order to reduce the risk. Next confirmation would be the break above the 200 Moving Average as well as the descending channel.
Upon confirmation, LTC/USD should continue moving up towards major resistance area between $290 and $310. At that point profit taking could take place or as an alternative break above, which should push price much higher, to the new all-time high.
On a downside, only a weekly break and close below the $100 psychological support level could invalidate bullish outlook.
Source: http://cryptopost.com/litecoin-back-to-300/
After a 70% decline from the all-time high at $374, Litecoin found the support at 76.4% Fibonacci retracement level, that is $110 area. Although price spiked lower it closed above the Fibs support and also above the 8/1 Gann Fan trendline closed above.
The bullish divergence was formed on the RSI oscillator suggesting the continuation of the long-term uptrend. While the price already looks attractive many traders could be waiting for more confirmations in order to reduce the risk. Next confirmation would be the break above the 200 Moving Average as well as the descending channel.
Upon confirmation, LTC/USD should continue moving up towards major resistance area between $290 and $310. At that point profit taking could take place or as an alternative break above, which should push price much higher, to the new all-time high.
On a downside, only a weekly break and close below the $100 psychological support level could invalidate bullish outlook.
Source: http://cryptopost.com/litecoin-back-to-300/
Aeon Could Rise 50% Towards Major Resistance
Aeon has lost 80% of the USD value after it corrected from the $9.5 all-time high, down to $1.95. But the key support level is at $2.8, that is 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
At first, $2.8 support has been rejected but then price broke below down to $1.9 and almost immediately went back up to $3.6. On a corrective move down AEON/USD again rejecting the $2.8 level and now it seems to form the head and shoulders reversal pattern.
The confirmation should be the break above the neckline and should send the price up to the major resistance area between $4.7 – $5.2. On a downside break below the $2.8 support should invalidate bullish outlook.
Source: http://cryptopost.com/aeon-could-rise-50-towards-major-resistance/
Aeon has lost 80% of the USD value after it corrected from the $9.5 all-time high, down to $1.95. But the key support level is at $2.8, that is 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout.
At first, $2.8 support has been rejected but then price broke below down to $1.9 and almost immediately went back up to $3.6. On a corrective move down AEON/USD again rejecting the $2.8 level and now it seems to form the head and shoulders reversal pattern.
The confirmation should be the break above the neckline and should send the price up to the major resistance area between $4.7 – $5.2. On a downside break below the $2.8 support should invalidate bullish outlook.
Source: http://cryptopost.com/aeon-could-rise-50-towards-major-resistance/
Comparison of Bitcoin Major Corrections
The Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let’s try to compare the past two correctional moves down with the current one.
The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.
First Correction
The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days.
Second Correction
The next strong correction was not too far away and happened during 2014 – 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days!
Third (Current) Correction
With the latest move down, Bitcoin has corrected down by almost 70%, during a relatively very short period of time, only 51 days.
The Conclusion
All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000.
Source: http://cryptopost.com/comparison-of-bitcoin-major-corrections/
The Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let’s try to compare the past two correctional moves down with the current one.
The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.
First Correction
The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days.
Second Correction
The next strong correction was not too far away and happened during 2014 – 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days!
Third (Current) Correction
With the latest move down, Bitcoin has corrected down by almost 70%, during a relatively very short period of time, only 51 days.
The Conclusion
All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000.
Source: http://cryptopost.com/comparison-of-bitcoin-major-corrections/
Incent Approaching Key Resistance
Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average.
Clearly, the short-term trend is upwards and Incent is yet to test the key resistance at $0.38. This is the 23.6% Fibonacci retracement level applied through the all-time high. When/if it will be reached the Head and Shoulders pattern will be completed.
The most important will be the reaction of the market after the target is reached. Break above should confirm the long-term growth while rejection could result in a corrective move down.
Source: http://cryptopost.com/incent-approaching-key-resistance/
Since Incent reached the bottom at $1.6 price has been rising consistently and already went up by 110%, while currently trading at $0.34. During the rise, INCNT/USD formed Head And Shoulders pattern and broke above the neckline trendline, followed by the break above the 200 Moving Average.
Clearly, the short-term trend is upwards and Incent is yet to test the key resistance at $0.38. This is the 23.6% Fibonacci retracement level applied through the all-time high. When/if it will be reached the Head and Shoulders pattern will be completed.
The most important will be the reaction of the market after the target is reached. Break above should confirm the long-term growth while rejection could result in a corrective move down.
Source: http://cryptopost.com/incent-approaching-key-resistance/
Bitcoin Final Step To Confirm The Uptrend
Bitcoin has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual downside target/support at $7555.
Now the final step required by the Bitcoin to confirm the uptrend and this is to close above $8650 level. It is important that the price will close on a Daily timeframe and better on a Weekly. Therefore a weekly close above $8650 should be a long waiting confirmation of the uptrend.
On a downside, break below the $5900 will most likely send price lower to $4000-3800 area and the $7555 support has to be watched for a break below.
http://cryptopost.com/bitcoin-final-step-to-confirm-the-uptrend/
Bitcoin has reached the downside target at $7555, that is based on the Fibonacci applied to the ascending channel breakout. However, the price went lower and hit $5900 price. Well, the important aspect is that the weekly closing price remained above that level and after breaking below price went immediately up and for the past few days has been rejected the actual downside target/support at $7555.
Now the final step required by the Bitcoin to confirm the uptrend and this is to close above $8650 level. It is important that the price will close on a Daily timeframe and better on a Weekly. Therefore a weekly close above $8650 should be a long waiting confirmation of the uptrend.
On a downside, break below the $5900 will most likely send price lower to $4000-3800 area and the $7555 support has to be watched for a break below.
http://cryptopost.com/bitcoin-final-step-to-confirm-the-uptrend/
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