Trading Ideas on Wednesday: Calm!

in #trading6 years ago

Good morning, steemians and traders!

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BTCUSD: H4 chart

For Bitcoin return to $ 12,700 while the prospect is distant. Now the price is trying to find a bottom above the support of 10,700 dollars (very weak in the given realities). To help Bitcoin is very oversold on the oscillator and a significant distance from Bollinger. From the stabilization of crypto currency number 1, altcoyins also depend. Let's hope that the recession will stop, it is better not to open a deal now. Contact with the global trend line can go much sooner than expected.
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ETHUSD: suffered particularly badly

ETHUSD from all top-downs fell the most. The correction for the monthly Fibo was more than 61.8%. The price was not kept at $ 1000 and $ 970. Support also failed. Indicators Aroon and moving average weighted by volume, say about the continuation of the fall, apparently there will be a second test of support of 888 dollars. In this scenario, it will be possible to open new long lines for averaging positions open at $ 1,000 mark. The long-term goal by the end of spring is still the same 1500 Doll..
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BCHUSD: The range of $ 1000- $ 1800 is as significant as the previously mentioned $ 2000- $ 2900

I think that BCHUSD will not stay for a long time at the current marks and the current band, where it is necessary to keep the coin value, I think the corridor is $ 1000- $ 1800. In my opinion, on the chart of the BHCSD, there is more clearly visible significant support. As for the opening of new positions, I would have waited for a while to understand how the price really moves after such a serious fall inside the day. Once the motion vector is determined, work on the trend will be possible to the fullest.
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XRPUSD: The decline slowed

Price on the background of the rest continued to fall, but not so much and trying to find the bottom at $ 0.8, just below 23.6% Fibo. On M15 you can observe a bear pennant, the figure in this situation is dangerous, although in the crypto-currency market the realization of such bearish figures is a rare phenomenon. Bulls until the end of the day vryatli get to seize the initiative, a surge in volumes to buy earlier they did not help. Support 1.1 dollars is very weak, the price returns to the normal position of Celtner, Aroon shows a slowdown with a slowdown. Since many people sit in the Ripple, I recommend that you average averaging below $ 0.8, if there is a short consolidation.

If there are here those people who share my opinion with me, then please follow me! If there are critics, then please leave them in the comments. I'll be very happy!!!

I wish you profits!!!

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Information presented in this material is the opinion of the author and is not an offer to a specific action.

Thank you for being with me!

Have a nice day!!!

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