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Trade Recommendation: Bitcoin

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The price broke the downtrend line and now it’s going to pass through SMA100. MACD lines and DMI support further upward movement. The market gives us a new swing high which can be used for placing pending orders for buy and joining to the main uptrend. If the price breaks this high, we’ll get an additional confirmation of the upward movement. Entry level is 15500.00 with stop orders at 12500.00 level. The main profit target is 20000.00 level and the rest of trade volume should be left for long run with the profit target at 25000.00 level. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: BTCUSDT
Buy: 15500.00
Stop: 12500.00
Profit Targets: 20000.00 and 25000.00

The trading signal is based on Poloniex chart.
Disclaimer: The analyst are some invested in Bitcoin.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.3 stars on average, based on 44 rated postsDmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.




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6 Comments

6 Comments

  1. Hien

    January 3, 2018 at 4:17 pm

    HELLO, he also having the some issue
    can you please help me
    unblock notifications.
    Username: Hien
    Email: hienthutran4983@gmail.com

  2. MinerMatt17

    January 3, 2018 at 4:27 pm

    You guys have zero consistency.

  3. bukuk

    January 3, 2018 at 4:28 pm

    why there are no ripple (xrp) and stellar (xlm) recommendation? considering today xlm hit all time high and xrp rose more than 15% T.T

    • khaddafi

      January 3, 2018 at 5:34 pm

      XRP good hit many choises i would have taken without recommmendations, but ive followed the Dash recommendation from yesterday and im tied up 🙁

  4. Wannasleep

    January 3, 2018 at 4:49 pm

    Doesn’t looks like a bear trap? As history of bitcoin show is always goes down before chinese new year. Could it possibly be a pump before it?

  5. Chris G

    January 3, 2018 at 6:19 pm

    Seems like there are a number of new people here at Hacked replying in the comments section that don’t understand trading and investment. As stated explicitly on this site, there are multiple trading and investment strategies, not all trading or investment strategies are binary, and there are numerous signals and time-frames for technical analysis. Dimitry tends to look at shorter-term trading signals, Mate Cser is looking at a broader time-frame from an investment stand-point. Sometimes the signals differ per investment strategy and time-frame. Instead of blaming hacked or its authors, EDUCATE YOURSELF and take responsibility for your own trading and investment decisions.

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Trade Recommendation: Litecoin

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The Litecoin/Bitcoin pair (LTC/BTC) dropped to as low as 0.00758498 on September 12, 2018. At that price level, the market was down by almost 70% from the 2018 peak of 0.02499999.

If you’ve been following our trade recommendations, you’d probably know that we like picking altcoin pairs that have suffered heavy losses. That’s because these pairs often have great bottom picking setups. More importantly, the bottom provides the maximum financial opportunity. We’re seeing that shape up in LTC/BTC.

Technical analysis shows that LTC/BTC is carving a bottom at 0.0082 support. While the pair is still trading inside a descending channel, we’re confident that it will break out of the pattern soon. We have a couple of technical reasons to support our view.

First, we can see multiple supports converging at 0.0082. We have the parabolic support, the uptrend support, and then the support of the descending channel. The convergence tells us to expect significantly increased demand at this level.

In addition, LTC/BTC is oversold on the weekly chart. Add the selling relief from oversold conditions to the surge in demand and we might see a breakout real soon. This is something that we’ve already seen in other altcoins such as XRP/BTC and XMR/BTC.

The strategy is to buy as close to 0.0082 support as possible. As long as the market stays above this level, it has the momentum to ascend to our target of 0.0115 first and then 0.014.

The process may take more than a month.

Daily Chart of Litecoin/Bitcoin on Poloniex

As of this writing, the Litecoin/Bitcoin pair is trading at 0.0082053 on Poloniex.

Summary of Strategy

Buy: As close to 0.0082 as possible.

Target: 0.0115 first and then 0.014.

Stop: 0.0078

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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Recommendations

Trade Recommendation: EOS

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The EOS/Bitcoin pair (EOS/BTC) took out resistance of 0.000785 on August 28, 2018. This triggered the breakout from the large falling wedge on the daily chart. The price movement attracted breakout traders who helped generate a rally to 0.0009544 on September 1.

At that price level, breakout players and bottom fishers started to lock-in gains. The increased supply in the market drove the pair to as low as 0.000752 on September 17. Those who bought the top of the market would have been forced to cut their losses as the pair went below the breakout. The reality, however, is that this pullback is temporary.

Technical analysis shows that the uptrend of EOS/BTC remains intact. This view comes after we saw the pair respecting the uptrend support. Notice how the market just continues to glide up this level. This tells us that bulls will defend the support even if the market is pulling back.

In addition, we can see the 30-day, 60-day, and 90-day moving averages preparing to go below the daily candle. This is an encouraging sign. EOS/BTC launched a parabolic run the last time these three moving averages all went below the daily candle. We’re hoping for the same once this consolidation is over.

The strategy is to buy as close to 0.00082 support as possible. As long as the market stays above the uptrend support, it has the momentum to climb to our target of 0.0012466.

The process may take a month.

Daily Chart of EOS/Bitcoin on Binance

As of this writing, the EOS/Bitcoin pair is trading at 0.0008324 on Binance.

Summary of Strategy

Buy: As close to 0.00082 as possible.

Target: 0.0012466

Stop: 0.00078

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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Trade Recommendation: NEO/Ethereum

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The NEO/Ethereum (NEO/ETH) pair took out resistance of 0.07 on August 31, 2018. This triggered the breakout from the large falling wedge on the daily chart. The price action attracted breakout players and momentum traders who helped push the pair to as high as 0.099934 on September 12.

Although we missed the breakout rally, we’re confident that we’ll be able to buy the dip. After all, NEO/ETH was already trading at extreme overbought territory. It would be foolish to chase a flying altcoin. We’d rather wait for the pullback and see how the market plans to resume its uptrend. It looks like we’re getting the go signal.

Technical analysis shows that NEO/ETH has just taken out resistance of 0.08. This enabled the pair to break out of the bullish pennant on the daily chart. The breakout looks convincing because of serious volume. On October 18, the market breached the resistance with volume that’s over 180% of its average.

In addition, the 30-day, 60-day, and 90-day moving averages are all lining up below the candles. This is an uncommon alignment indicating that the uptrend is strong and healthy.

The strategy is to buy the retest of breakout as close to 0.08 as possible. As long as the market stays above this level, it has all the momentum it needs to rally to our target of 0.115. The process may take a month.

Daily Chart of NEO/Ethereum on Binance

As of this writing, the NEO/ETH pair is trading at 0.081214 on Binance.

Summary of Strategy

Buy: As close to 0.08 as possible.

Target: 0.115

Stop: 0.076

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.7 stars on average, based on 252 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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