Crypto Intelligence Portal - latest news, trade ideas, free tutorials

[Covesting]

Hello everyone,
We would like to invite you to visit our Crypto Intelligence Portal.
We are posting latest news, articles, trade ideas by professional traders. In addition, traders can benefit from tutorials, we are going to post free technical analysis tutorials very soon.
If you would like to contribute, we are ready to consider your candidacy for such positions as a content provider or a provider of trade ideas.
Crypto Intelligence Portal is a part of cryptocurrency trading infrastructure built by Covesting, a fintech startup launched by former Saxo Bank traders. We are building a copy-trading platform and a comprehensive infrastructure, including an exchange and liquidity aggregator.

 

[Covesting]

BTGUSD

PAIR:BTGUSD

EDGE TO EGDE CALLS
EDGE TO EGDE CALLS
With a low of $39, price has moved up to gain a consolidation zone between $88 down to $66. The pennant flag pattern and tyhe ichimoku doubled cloud settings will be used to determine the movement of price.
The pennant flag pattern
As always flag looks more like a symmetrical triangle on top of a pole(a spike in price move up).Still consolidating inside the flag and waiting to breakout.the measure move of the height of the pole to the flag will always be the target if price breakout of the flag.
and as well the oscilator is fully oversold, also calling for move to the upside.
The ichimoku doubled cloud settings
As it is clearly seen, price has broken the cloud resistance and it is inside the cloud and at the same time has closed inside it.
The trade set up is called THE EDGE TO EDGE TRADE. when price enters into the cloud and closes inside it, there is high probability that it will reach the upper resistance cloud.
This BTGUSD set up is also the same set up shown on the BTC pair.
THE BTC PAIR CHART IS SHOWN BELOW:

But in the btc pair price havent entered the cloud, it is still below the cloud with TK bullish crossing below it.

In the USD pair, the cloud has turned to a strong supoort level whic it is currently holding on to.

Technicals suggest that price is becoming fully oversold and 2 major targets will be achieved only when price break out of the pennant and closes outside it.

VERDICT:
BUY : USD : 82USD
BTC : 0.00833036sats
SELL: USD : 139usd up to 200usd
BTC : 0.01181196sats up to 0.01620195sats



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.

 

[Covesting]

Trade idea: Bitcoin Gold/Dollar (BTGUSD)

PAIR:BTGUSD

With a strong support level at $66.238, price is currently bouncing on the KIJUN(red line) which is serving as a support level.

In the previous analysis on BTGUSD( BTGUSD - Covesting Crypto Intelligence Portal) charts still remains valid with targets. As price has move more horizontally to the right without a spike in price to the up side, a chart pattern has being spotted called THE CUP &HANDLE PATTERN.

Price trend Upward OR downward leading to the pattern. Price should rise or drop by at least 30% leading to the cup.
Shape looks like A rounded turn that looks like a cup with a handle on the right.The cup should be U-shaped, not V-shaped and The cup must have a handle on the right.
Cup duration should have a minimum of 7 to 65 weeks and Handle duration 1 week minimum but usually lasts 1 to 2 weeks.
A cup and handle pattern on bar charts resembles its namesake, a cup with a handle.
The cup is shaped as a "U" and the handle has a slight downward drift.
The right-hand side of the pattern typically has low trading volume, and may be short with minimum of seven weeks or as long as 65 weeks. The oscilator(stochastic RSI) is fully oversold as well too

Technicals suggests that price targets on the previous chart analysis are still valid.

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.

 

[CryptoTC]

I don’t understand TA or use it, but it seems like you have some knowledge to share. Hopefully others here will find it helpful and ask questions.

I don’t even know where to start with questions, so I’ll watch this thread and try to learn some tips.

 

[Covesting]

I don’t understand TA or use it, but it seems like you have some knowledge to share. Hopefully others here will find it helpful and ask questions.

I don’t even know where to start with questions, so I’ll watch this thread and try to learn some tips.

Hello CryptoTC,

Thanks for your comment.

We will soon launch a technical analysis course for cryptocurrencies. Until now, you can benefit from our tutorials on cryptocurrencies on Video Lessons - Covesting Crypto Intelligence Portal, they contain some useful trading tips.

Yours,
Covesting team

 

[Covesting]

5 Facts About Covesting You May Have Never Heard

1. Covesting has just completed Phase 1 of Beta testing. 200 top professional crypto traders have participated in the testing, the most active trader has been awarded $2,000 in COV. Covesting is now getting ready to hold next stages of its beta testing.
2. Covesting’s team has around 30 professionals, 10 of whom are support specialists. This means Covesting pays a special attention to user experience: all problems should be solved without any delays. Covesting’s support specialists speak English, Chinese, Korean, Hindi, Spanish, Portuguese, and Russian. They provide assistance 24 hours 7 times a day.
3. Covesting is registered in Gibraltar, one of the first countries in the world that has developed a sound regulatory framework for blockchain companies. This framework stipulates that companies operating in the blockchain area and registered in Gibraltar must comply with strict standards in terms of asset protection, risk management, and IT protocols. Covesting has just visited Gibraltar and presented the company to the Gibraltar Financial Services Commission, and it is due to receive a DLT license this summer.
4. If we add trading experience of all members of Covesting, the number will exceed 100! Many of Covesting’s team members have a solid background in investing obtained in Saxo Bank, JPMorgan etc.
5. Covesting has a special site, which it launched to provide information and education for traders. Covesting’s Crypto Intelligence Portal is supposed to solve several important issues in the cryptocurrency area. First, many people do not know about benefits of cryptocurrencies, and they can find free tutorials and lessons on CI and educate themselves. Second, traders often base decisions on information, and CI contains such important trading information as coin market capitalisation, live quotes, trade ideas by professional traders. In addition, Covesting has launched a free course on cryptocurrencies on Udemy.

Feeling you may have missed more? Visit our blog and ask your questions.

 

[Covesting]

EOS/BTC

EOS in great bullish trend. We have local correction to 0,5 Fibo lvl with rebounce and brokeout of continuation pattern.
There is strong support zone on 160k sat: volume zone+1.618 Fibo lvl support.
So, waiting for continuation rising from now or support zone below.
Use Fibo extension lvl as target.
Analysis by @SupernovaElite

 

[Covesting]

Where to Buy TRX

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

After hitting $0.10 level as expected in the last analysis, TRX has failed to penetrate this level so it bounced back. Moreover, it wasn't able to break out the small downtrend ( the black one on the chart) in the last four days.
However, TRX is still trading on the uptrend ( the red one on the chart). It should provide support, but if the bears break it down a fall to $0.0566 level is possible where we anticipate strong buying. Since this is the 61.8 percent Fibonacci retracement from the last fall from $0.10 to $.0282 and where the 50-day SMA is located now.
TRX will turn negative if it breaks down $0.0566 level. On the upside, we expect some minor resistance from the downtrend. Therefore, we recommend buying TRX on a breakout of this trend.
On the downside, we recommend buying TRX at $0.0566 level.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

 

[Covesting]

Stellar/Bitcoin (STRBTC)

PAIR: STRBTC(STELLAR)

After reaching an ATH of 6127sats on the 3rd of January 2018, stellar lumen has moved down to test a low of2169sats, at the same time forming a huge CUP&HANDLE. But in this case, it is two cups and handles.
The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a coin chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\".
The cup and handle is a bullish continuation pattern. It is marked by a consolidation , followed by a breakout. Once the pattern is complete, the stock should continue to trade upward, in the direction it was previously heading.
You can spot the pattern by looking for two main parts: the cup and the handle.Within the cup, there are three components: the left side, bottom, and right side.
The left side of the cup is marked by a downward sloping arch. This part of the pattern represents the stock's temporary pullback. The pullback occurs because as the coin tests old highs, selling pressure increases. The bulls want to protect their profits. The bears want to push the coin price down. Ultimately, the bears win out. As the coin falls, trading volume tends to decrease.
The bottom of the cup is marked by a narrow (with a rejection wick)trading range, or horizontal consolidation. Increased selling pressure creates a tug of war between the bulls and bears. The bulls are trying to protect their remaining profits. The bears want the stock to go down further.
This trading activity generally shows as a slight dip on the chart, or a rounded bottom. Volume is typically light. The sideways-like trading activity may last for approximately From 7 to 30 weeks. The longer and more pronounced the cup bottom, the stronger the buy signal once the final pattern has formed. However, cups with very deep bottoms or "V" shapes show sharp reversals and should likely be avoided. The ideal cup bottom is one-third the height of the previous advance.
The right side of the cup is the upward sloping arch, which indicates the coin's reversal back to the upside. At this point, the bulls have largely regained control. Volume generally increases as the coin moves back toward its old high. It can take a little as a month and a half for this part of the pattern to form. The more even the highs on both sides of the cup, the more reliable the pattern.
The handle always forms off the right side of the cup. It signifies that a small pullback occurred before the stock's ultimate rally. The handle may be marked by a pennant or a round shape. The handle should, ideally, retrace one-third, or less, the height of the cup's advance. The smaller the retracement , the more bullish the breakout is likely to be. The handle usually forms within one week to a month. As the coin breaks out above resistance marked by the handle, volume typically increases. A breakout from the handle likely signifies a continuation of the coin's rally. The smaller cup and handle:

The bigger one shows a clear price target,aiming at 10ksats with a pull back down to 0.5fib retracement level.

VERDICT:
BUY: 0.00005325sats up to 0.00006152sats
SELL: 0.00009885sats up to 0.00010795sats
STOP LOSS: 0.00002925sats

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.

 

[Covesting]

Stellar/Bitcoin (STRBTC)

PAIR: STRBTC(STELLAR)

After reaching an ATH of 6127sats on the 3rd of January 2018, stellar lumen has moved down to test a low of2169sats, at the same time forming a huge CUP&HANDLE. But in this case, it is two cups and handles.
The cup-and-handle pattern is aptly named because it resembles a teacup with a handle. On a coin chart, the cup appears as "U" shape. The handle appears as if it had the shape of a backslash symbol or "\".
The cup and handle is a bullish continuation pattern. It is marked by a consolidation , followed by a breakout. Once the pattern is complete, the stock should continue to trade upward, in the direction it was previously heading.
You can spot the pattern by looking for two main parts: the cup and the handle.Within the cup, there are three components: the left side, bottom, and right side.
The left side of the cup is marked by a downward sloping arch. This part of the pattern represents the stock's temporary pullback. The pullback occurs because as the coin tests old highs, selling pressure increases. The bulls want to protect their profits. The bears want to push the coin price down. Ultimately, the bears win out. As the coin falls, trading volume tends to decrease.
The bottom of the cup is marked by a narrow (with a rejection wick)trading range, or horizontal consolidation. Increased selling pressure creates a tug of war between the bulls and bears. The bulls are trying to protect their remaining profits. The bears want the stock to go down further.
This trading activity generally shows as a slight dip on the chart, or a rounded bottom. Volume is typically light. The sideways-like trading activity may last for approximately From 7 to 30 weeks. The longer and more pronounced the cup bottom, the stronger the buy signal once the final pattern has formed. However, cups with very deep bottoms or "V" shapes show sharp reversals and should likely be avoided. The ideal cup bottom is one-third the height of the previous advance.
The right side of the cup is the upward sloping arch, which indicates the coin's reversal back to the upside. At this point, the bulls have largely regained control. Volume generally increases as the coin moves back toward its old high. It can take a little as a month and a half for this part of the pattern to form. The more even the highs on both sides of the cup, the more reliable the pattern.
The handle always forms off the right side of the cup. It signifies that a small pullback occurred before the stock's ultimate rally. The handle may be marked by a pennant or a round shape. The handle should, ideally, retrace one-third, or less, the height of the cup's advance. The smaller the retracement , the more bullish the breakout is likely to be. The handle usually forms within one week to a month. As the coin breaks out above resistance marked by the handle, volume typically increases. A breakout from the handle likely signifies a continuation of the coin's rally. The smaller cup and handle:

The bigger one shows a clear price target,aiming at 10ksats with a pull back down to 0.5fib retracement level.

VERDICT:
BUY: 0.00005325sats up to 0.00006152sats
SELL: 0.00009885sats up to 0.00010795sats
STOP LOSS: 0.00002925sats

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.

 

[Covesting]

SALT/BTC

Double bottom from 0,786 Fibo lvl.

V-reverse. + Consensus presentation 15.04

Use previous local high as target.

 

[Covesting]

AEBTC

PAIR:AEBTC

New price movement as it waits to break it ATH. The following patterns were used to determine the price movement on AE, CUP&HANDLE and High and tight flag.
THE HIGH AND TIGHT FLAG:
High and tight flags are the best performing chart pattern in both bull and bear markets. Even though the break even failure rate is 0%, this pattern does fail(MOST TIMES)
Price trend Upward leading to the pattern. The price should rise by at least 90% in less than 2 months(or lesser).
A consolidation pattern forms after price doubles. It usually doesn't look like a flag or pennant, just a pause in the price rise.
The Volume Recedes for best performance and The pattern confirms as valid when price closes above the highest peak in the pattern.

Price is broken out og the flag, a buy signal will only be given when it closes out the flag(not the wick but the body)

THE CUP AND HANDLE PATTERN

For more details on cup and handle plss check ( STRBTC - Covesting Crypto Intelligence Portal )

The cup is completed while a pull back down to the 0.5fibonacci retracement level, which is a strong support level inside the handle, a breakout from the handle is currently ongoing. Only when price closes outside the handle which will is a buy signal to go long until targets are met.

Technicals suggest the continuation of an ongoing bull trend .

VERDICT:
BUY : 0.0005352sats
SELL: 0,.0007664sats up to 0.0010229sats
STOP LOSS: 0.0003383sats

 

[Covesting]

NPXSETH

PAIR:NPXSETH (PUNDI X)

After reaching a high of 0.00002142sats,price retraced down. The following were spotted which probably brought price down to its current level:
1- THE BEARISH REGULAR DIVERGENCE
2- BEARISH ENGULFING CANDLE STICK PATTERN

Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows.
Divergence is a reliable trading signal, but it's not timely, meaning that price usually follows the direction of the indicator, but it make take months before it does.

1- THE BEARISH REGULAR DIVERGENCE
Bearish divergence occurs when price makes a higher high but the indicator forms lower highs.
The two data streams diverge in direction. Price will eventually, usually, follow the indicator lower.
Price trend Upward forming higher peaks and Indicator should trend Lower peaks. If the price trend is up, then look for divergence among the peaks, not the valleys. When you spot divergence, recognize that the price trend may change.
This doesn't mean an immediate sale, but you should be ready to flee.AS SHOWN BELOW:

2- BEARISH ENGULFING CANDLE STICK PATTERN
The bearish engulfing candlestick is one of the more popular and well known candlesticks. It works very well as a bearish reversal, performing that way 79% of the time.
Number of candle lines Two.
Price trend leading to the pattern is always Upward.
confirmation of this is to Look for a two candle pattern in an upward price trend. The first candle is green and the second is red.
The body of the red candle is taller and overlaps the candle of the green body. Shadows(or wicks) are unimportant. AS SHOWN BELOW:

CURRENT MOVE and a bullish move coming up

A strong support level has been maintained at 0.00001245sats(0.238fibonacci retracement level),price is expected to range between the green zone( between 0.5 and 0.238fibonacci retracement level before any move will take place.
AS SHOWN BELOW:

and lastly, THE BULLISH HIDDEN DIVERGENCE

The BULLISH HIDDEN DIVERGENCE:
Bullish hidden divergence 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( or the the indicator and the price will reverse and move to the upside)
If the price trend is down, then look for divergence among the valleys, not the peaks. When you spot divergence, recognize that the price trend may change.
This doesn't mean an immediate buy, but consider taking a position soon, especially if you receive other confirming signals.
The stochastic RSI is fully oversold, which gives a signal that price might be changing direction soon to the upside.

Technicals suggests that the down trend is gradually coming to an end and getting ready for a bullish run.

VERDICT:

BUY: 0.00001547sats(ETH)

SELL: 0.00002428sats(ETH)

STOP LOSS: 0.00001085sats(ETH)



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.

 

[Covesting]

BZNT/ETH

PAIR: BZNTETH

INVERTED HEAD AND SHOULDERS

Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend Downward leading to the pattern
The Shape looks A 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders, proportional, and not lopsided.
The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow).
The Volume Highest on the left shoulder or head, diminished on the right shoulder. Trends downward 66% of the time.
The Neckline Joins the two armpits. The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.

Technicals suggest that, price has broken out of the NECKLINE and is moving to the upside, a position will be taken only when this price closes above the NECKLINE.

VERDICT:

BUY: 0.00028145sats(ETH) or buy at current price and hold( long term recommended as well)

SELL: 0.00033692sats(ETH)

STOP LOSS: 0.00021955sats(ETH)

EXCHANGE: idex.market ( trade with caution)

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

 

[BitFit]

Any thoughts on bitcoin alone?

Any chart TA on litecoin or bitcoin cash?

Thanks. @Covesting

 

[Covesting]

Any thoughts on bitcoin alone?

Any chart TA on litecoin or bitcoin cash?

Thanks. @Covesting

will post it here as soon as we have made up one

 

[Covesting]

SYS/BTC (SysCoin/Bitcoin)

Long-term pattern will realise soon.

Need breakout R-resist. to go up!

Pay attention!

 

[Covesting]

POLYBTC

PAIR: POLYBTC

New support level found on the 3hours time frame. More consolidation within some levels of support.The following will be used to determine the movement of price trend:
- chart pattern( DESCENDING CHANNEL)
-candle stick pattern( TWEZEERS BOTTOM)
THE DESCENDING CHANNEL CHART PATTERN
When price trend moves downward and fits in between two trend line, it is called a DESCENDING CHANNEL.
The price trend leading to the channel can be from any direction.The Shape should look like a pipe tilted down, but not horizontal, The two trendlines should be parallel or nearly so. Both should tilt tilt downward.
Price should touch each trendline at least twice as distinct peaks or valleys.
Breakout Occurs when price closes outside the trendline boundary and can be in any direction (upward 70% of the time).some sort of support level being held at its current price.AS SHOWN BELOW:

And lastly, the CANDLE STICK PATTERN TWEEZERS

On this candlestick, price trends downward leading to the start of the tweezers. There, two candles of any color share the same low price, as if the low is where the tweezers join.
This gives more signal for bullish reversal to the upside.
Technicals suggests that a short term bullish reversal is coming soon and it time to take a position at the descending breakout to the upside.

VERDICT:
BUY: 0.00010839sats( you can buy at current price and hold)
SELL: 0.0001200sats, 0.0001300sats and 0.0001400sats
STOP LOSS: 0.00008520sats

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.

 

[Old Man Crypto]

I’m sorry. Skeptical old man here. This all seems like voodoo. I can’t even imagine committing my investment money to something because of shapes on graphs that seem like cloud animals. Any shape can be made up by changing the chart ranges and dates. I’m too lazy to look this I’ll,but has anyone ever proved this kind of trading works? I mean long-term returns overall compared to just buying crypto?

 

[Covesting]

I’m sorry. Skeptical old man here. This all seems like voodoo. I can’t even imagine committing my investment money to something because of shapes on graphs that seem like cloud animals. Any shape can be made up by changing the chart ranges and dates. I’m too lazy to look this I’ll,but has anyone ever proved this kind of trading works? I mean long-term returns overall compared to just buying crypto?

Hi, technical analysis has always been efficient, and many say trade ideas we post have helped them generate profit. But of course technical analysis is not the only tool to analyse market trends and make investment decisions. Tech analysis is especially efficient in combination with other tools, such as fundamental analysis, analysis of news etc. You can read more about trading techniques on our Crypto Intelligence Portal, we will soon be launching a video course on technical analysis in the crypto industry