Published trade ideas

MFTBTC
MFTBTC
PAIR:MFTBTC More opportunities at low price on most of the ALTCOIN. On the 45mins time frame, price has reach a low of 0.00000106sats which is a support level held on the 19th of September 2018 to 30th of September 2018. The DIAMOND BOTTOM chart pattern has been spotted on the same time frame(45mins time frame). The diamond bottom chart pattern is chart pattern that is difficult to find, the most important part of this pattern is the price move down which will lead to the formation of the diamond. When trading this pattern always make sure it is not an inveted head and shoulder, as the price must touch each trend lines. Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys. Trendlines outline many of the peaks and valleys, forming a diamond shape. Volume trend downward trend 67% of the time. Breakout upward 72% of the time, when price closes outside one of the trendline boundaries. ALWAYS WAIT FOR BREAKOUT BEFORE TAKING ANY TRADE. VERDICT: BUY:0.00000121sats SELL:0.00000129sats up to 0.00000135sats STOP LOSS:0.00000115sats. Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
XLMBTC
XLMBTC
PAIR:XLMBTC Despite the drop in price in crypto market recently, XLMBTC price tends to bounce back after holding right at a near support level forming a chart pattern called the V BOTTOM. The V bottom is a chart pattern that is easy to spot after they have completed. They appear just like their names suggest, V-shaped. The major things to look out for while trading the pattern are as follows: MAJOR DOWNTREND; Look for price to make a straight-line run downward with few or no pauses, often fitting inside a channel. Price at the bottom of the V will form a one-day reversal(depend on the time frame you are using)usually on heavy volume, perhaps gapping upward. After the reversal, price pierces a down-sloping(or flat)trendline drawn along the price tops, confirming the trend change. The change of trend right at the support moved price back up and currrently at the resistance(testing and waiting for a breakout). To take this trade, the use of williams fractal is needed to get the right entry price which is at 0.00004148sats. This is considered to be the breakout price. VERDICT: BUY:0.00004148sats SELL:0.00004203sats up to 0.00004446sats STOP LOSS:0.00004017sats. NOTE: The cryptocurrency assets mentioned in the above TA analysis are available for trading on covesting.io Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.  
BCHBTC
BCHBTC
PAIR:BCHBTC(ticker is BCC on binance) Despite the upcoming hardfork(15th of November 2018) price is currentlly gaining its momemtum to the up side. The DESCENDING CHANNEL CHART PATTERN When price trends upward or downward and fits between two parallel trendlines, the chart pattern is called a channel. These channels are in two types; the ascending channel and the descending channel. In the descending channel the price trend leading to the channel can be from any direction.The two trendlines should be tilt downward. Price should touch each trendline at least twice as distinct peaks or valleys. Occurs when price closes outside the trendline boundary and can be in any direction. Like other chart pattern volume do play a vital role in reaffirming the pattern here. For a descending channel pattern the volume should decrease with the formation of the pattern and there is increase in volume activity after the breakout. Trade should be taken only when breakout has been achieved. ONLY THE BREAKOUT VERDICT: BULL:0.08422748sats SELL:0.08812760sats up to 0.09055427sats STOP LOSS:0.07989575sats Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.  
ETHUSD
ETHUSD
PAIR:ETHUSD As the volume has been inside out, price remains slightly bearish based on the med-term price outlook. On the 3hours time frame, a head and shoulders topchart pattern has formed with a rejection wick pulling through the right shoulder but did not close below it. This rejection give more sign of the price breaking down. Head-and-shoulders tops are the best performing bearish chart pattern in a bull market. Even in a bear market, they are reliable performers, but a pullback occurs nearly two-thirds of the time. The best targets to look at when trading these pattern are the next supports and the fibonacci extension ratios. When looking at the neckline on any head and shoulders patterns an up-sloping necklines perform better. On the daily time frame, the oscilator(rsi) and the price are moving on difference directions(cahnge of directions) which calls for a divergence. This type of divergence is called THE HIDDEN BEARISH DIVERGENCE. Hidden bearish divergence occurs when price makes a lower-lows but the indicator forms higher-highs. The two data streams diverge in direction. Price will eventually, usually, follow the indicator lower: Wait for breakout before taking any trade. VERDICT: SHORTING TRADE SELL/SHORT: $206.64 Buy: $202.53 down to $193.97 or lower to $170 STOP LOSS:$214 Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
XLMBTC
XLMBTC
PAIR:XLMBTC When two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward this chart pattern is called the ASCENDING TRIANGLE PATTERN. Looking at the price move inside the ascending triangle, it formed a double bottom which has actually reached its target. Ascending triangle chart patterns are rare pattern to find, because most of this breakout are downward especially in a bear market. When calculating the breakouts, 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts. Only when price closes outside the pattern (up or down)that will confirm the breakout. In long term view, the huge pennant flag pattern is gradually metting its targets has its goes up breaking the previous supports with a target of 7ksats.AS SHOWN BELOW: VERDICT: BUY: 0.00004450sats SELL:0.00004902sats up to 0.00005442sats STOP LOSS:0.00003891sats Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
VETBTC & IOTABTC
VETBTC & IOTABTC
PAIR:VETBTC and IOTABTC(similar chart pattern) With four touches on the support and four touches at the resistance which the fourth one was the conformation for the breakout. With price currently at the 0.382fib retracement ratio. This chart pattern is called the FALLING WEDGE CHART PATTERN where Price follows two down-sloping and converging trendlines. Take note of this whenever you trade a falling wedge "The pattern confirms as a valid one when price closes outside one of the trendlines". When it close outside one of the trendlines mean, up or down at this point price is above the trendline so more confirmation is when price closes at this current level. Tall patterns perform better than do short ones and the average distance from the breakout is 57% to 59% of the way to the triangle apex (where the trendlines join). IOTABTC: This is a bit different because it has just six touches( three at the support and three at the resistance) with a current breakout above the trendline and a resistance right at the 0.236fib. Both chart has broken out and waiting to close above the wedge. VERDICT FOR IOTABTC:                                                     VERDICT FOR VETBTC: Buy: 0.00008022sats down to 0.00007931sats                       Buy: 0.00000177sats down to 0.00000173sats Sell: 0.00008663sats up to 0.00011365sats                            Sell: 0.00000188sats up to 0.00000273sats Stop Loss: 0.00007310                                                         Stop Loss: 0.00000159sats Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
BCHBTC
BCHBTC
PAIR:BCHBTC As the long awaited date drews closer, the price of bitcoin cash is almost up 40% with more tensions mounting as November 15th draws closer. After the decision to implement a 'pre-consensus' protocol in a long scheduled software upgrade to Bitcoin Cash on November the 15th, a hard fork that will see the digital currency split into two separate chains should occur on that date. Binance has announced it is ready for the hard fork transition and will manage the issuance of new tokens on behalf of customers. Other major exchanges like Coinbase Pro and Poloniex have also announced support for the fork which will see existing Bitcoin Cash holders receive a new 'free' digital asset 1: 1 for held BCH on that date. TECHNICAL ANAYLSIS After a quick increase in price about 38% up, price is current seeing some consolidation and forming a chart pattern called the BULLISH PENNANT FLAT PATTERN. The bullish pennant flag pattern is well-known chart pattern by most traders. The flag which has a symetrical shape accompanied by the bullsih pole which is the most important of all. If a pennant is not accompanied by a flagpole, then it's not a pennant, because the performance depends on a strong price trend leading to the pennant. The volume trends downward trend 88% of the time. MORE SIGNAL: THE BULLISH DIVERGENCE The bullish hidden divergence is a type of divergence which occurs when price makes a Higher-low but the indicator forms Lower-lows. The two data streams diverge in direction. Price will eventually, usually, follow the indicator higher. This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals. Always wait for breakout before taking a trade. VERDICT: BUY: 0.089860sats SELL:0.095850sats up to 0.101872sats STOP LOSS:0.080710sats Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
MCOBTC
MCOBTC
PAIR:MCOBTC THE INVERTED HEAD AND SHOULDERS The two shoulders reversed aright at the 0.382fibonacci retracement level.The head having a flat reversal as well. More signal is based on the Ichimoku metrics; Tanken(T- blues), Kijun(K-red),Senkou span(A&B) and the Lagging span). Price should always return back to the KIJUN(red), as it price should always be at equlibrium. The KIjun will also serve as a resistance, which would hold price down as it gets close to that level. Targets still remains the fibonacci extension levels 1.272 and 1.618. VERDICT: MID-TERM TARGETS BUY:0.000705sats(use the buy stop limit order) SELL:0.000719sats up to 0.000733sats STOP LOSS:0.000691sats. Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty) Disclaimer: This is for educational purposes,it is not intended as a financial advice. The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.