#EOS: bullish on the shorter term?

The #BTC has been undergoing lateralization for days, while the #crypto market is dominated by #altcoin, like the # EOS whose price chart seems to indicate an uptrend in the short term.

Let’s start immediately with image 1 containing the price chart:

Image 1: tradingview – 2018-08-06 – timeframe 4h – eos / btc

We can see how:

  • The price chart remains above the EMA 50 (blue line);
  • The RSI has a bullish trend in accordance with prices;
  • The ADX seems almost to suggest a phase of lateralization, so care must be taken;

Ultimately there seems to be an upward trend in the short term.

A possible example of trading is to enter long, by closing the stop stop the EMA 50 with little stop. A possible gain could be around + 10% of the current price.

#btc possible uptrend?

Bitcoin analysis on the long, medium and short term could indicate a moment of recovery in prices

As everyone knows, the Bitcoin in December 2017 reached its peak in price and then collapsed. However, if you calculate the price in the long run, the price is in an uptrend.

Let’s start from the price chart in the short period represented in image 1:

Image 1: tradingview – 4h timeframe – btc / usd

We can note that there were three phases alternating, one of rising prices, one of descent, until reaching phase three, the current one, which turns out to be rising again.

In image 2 we can see more closely the end of phase two, with the consequent beginning of phase 3:

Image 2: tradingview – 4h timeframe – btc / usd – end of phase two and start of phase 3

It can be seen that the beginning of phase 3 was announced by a Bullish divergence on the RSI, as we announced in a previous article on this blog.

As we can see in image 3 , the current price increase phase 3 supports the long-term trend (black line) but in turn a resistance around the 8000usd given by the upper part of the triangle in purple, which instead regulates the medium-term trend.

Image 3: tradingview – 1 day timeframe – btc / usd – long term trend

In general, the long-term trend seems to have invalidated, at least in the immediate term, the medium-term trend, thus suggesting that it will continue an upward trend.

A possible example of trading is therefore to stay in the market (or buy for those outside) by entering the appropriate stop loss.

#BNB – #BUllish

In these last days of uncertainty of the #BTC the Binance Coin gains value, crossing a bullish trend on the daily chart.

Let’s start with the price chart in image 1:

Image 1: tradingview – 2018-06-01 – timeframe 1d – bnb / btc on binance

You can see:

  • ADX over 30k suggesting a very strong trend;
  • DI which in turn suggests a Bullish trend considering that the + crosses the -di upwards;
  • The parabolic sar , directly on the price chart, which suggests a Bullish trend;
  • The RSI in an oversold area that nevertheless suggests paying attention;

A possible treding strategy is therefore to buy assuming a possible price increase. It is necessary to place an appropriate stop loss at about 3% less than the current price level.

In image 2 we can see the appropriate stop loss inserted on binance:

Image 2: binance – stop loss inserted

In image 3 we can see the purchase order being an example of real trading:

Image 3: binance – purchase order

#BTC hope with bullish divergence

On the #BTC the Bearish flag does not seem to have broken markedly on the downside, on the contrary it seems to presentars more a possibility of bullish divergence on the RSI on 4h.

Let’s start immediately from image 1 with the price chart and the RSI on timeframe 4h:

Image 1: tradingview – 2018-05-27 – timeframe 4h – btc / usd – bullish divergrnce

Although the price continues to fall, albeit in an unmarked manner, a bullish divergence seems to be emerging on the 4h chart.

Before taking a position, for those who are out of the market, it might be better to wait for confirmation in prices, given the uncertain situation. For those who are already inside, like us of Cryptograph Team, it is better to set the appropriate stoploss.

#BTC near the resistence

Bitcoin on the medium / long-term resistance wire, with a Bearish flag that could break resistance.

As can be seen from the price chart, in image 1, the price of Bitcoin is walking on the medium / long term resistance:

Image 1: tradingview – btc / usd – timeframe 1 day – 2018-05-26 – bitcoin on the resistance wire

The oversold RSI, together with the resistance, would support the hypothesis of the beginning of an uptrend.

A totally contrasting hypothesis is given by the Bearish flag which was formed in the short term and which is can be seen in image 2 :

Image 2: tradingview – btc / usd – timeframe 4h – Bearish flag

The Bearish flag would suggest the hypothesis of a down trend that could therefore break short-term resistance. This hypothesis would also be corroborated by the low volumes of this period is from the general market trend which at this time is rather bearish.

An example of treading for those in the market is to stay there by fixing the appropriate stop loss immediately under the medium / long-term trend. For those who are outside the market it would be better to stay out waiting for an improvement in the situation that at the moment seems to be very undecided.

We at the Cryptograph Team were IN for a few days and we will continue to be waiting for developments.