Hello fellow steemit coin traders,bitcoin bullish momemtum continues as the aggressive bulls push price to a high of $3491,the bears have been caught up several times trying to figure out a short term top,but the current bullish market seems unstoppable.
BITCOIN RESISITANCE LEVEL TO WATCH OUT
R3 – 3548.1
R2 – 3514.0
R1 – 3477.0
PP – 3442.9
S1 – 3405.9
S2 – 3371.8
S3 – 3334.8
NOTE – We should also have in mind psychological supports and resistances. If we end up going down to even 2500, people are going to buy, big and fast.
To me though I do not see that coming soon considering the current strong bullish momemtum, I fore see $3600 medium top before a correction downwards.But what is your call price do you see- $1880,pretty soon ?
ETHEREUM
Ethereum bulls got a better of market prices as they were in full rampage hitting a high of $288.46.Current market price sits at $286.06.Resistance at $280
Ethereum has been a good long trade. I booked my profits early at Target but if you are still long I see the $280 Level as being resistance (for now).
A break through of the $280 level and then a return to support may instigate another long opportunity.
DAY TRADING
However, if you are still long then tighten up your stops now as it approaches $280, you don't want to lose these nice gains. Probably we'll see see price reversal from this zone with further short term downward movement. As we have a confirmed uptrend, we should search for entry levels for buying. The zones for possible trades, where the price can be reversed after downward movement
LONG TERM TRADES
The price passed through the kumo. Based on Ichimoku indicator, we have a new buy signal. We can place pending orders for buy above 280.00 level with stop orders below 214.00 level. Profit target should be at 360.00 level. These long trades must be opened as an additional volume for the existing long positions. Be ready that the market can retrace to the kumo and the uptrend line. It will give new trading opportunity.
LITECOIN
Litecoin current price $46.16 .Trade action - Long
Litecoin looking good for further upside,I have my first Target T1 at $52,Second target T2 at $56…. Stops below $43
What is your take on present and future market price analysis on these coins,your comments,suggestions and contributions are well appreciated.
To Your Trading Success ............ @detycoon
@detycoon thanks for the info
You welcome anytime@gossipmill
Good to know
Nice 1
Nice info!
@detycoon can you tell us about eos in your next post? That's what am interested in now
EOS launched token its token sale in June after it was first listed on bitfinex, over 2million tokens have been distributed so far,a total of 1billion tokens will continue on the ethereum network.EOS current market valuation is $800million,infact last Monday this week it jumped over 300% to occupy number 9 in coinmarket cap,with a current price if $5.4.Future prospect of the coin is pretty good