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EURUSD H4: Create long position when the price fallsWeekly: The rising price in the past two weeks has regained its position above MA156. However, since there is still upper resistance from the convergence triangle shape above and the slope of MA156 is still downward, the EURUSD is expected to remain within the range of 1.0840-1.1040 in the next one to two weeks. Daily: The current price rise has reached the closing price of 1.0904 on June 3. Judging from the growth in trading volume, EURUSD still has the opportunity to continue to rise in the next few trading days. Investors should take advantage of price declines to establish "long positions." H4: The three moving averages (MA120. MA60. MA18.) are arranged in an upward trend, and a "long position" should be established when the price falls. H4 Strategy: Buy Zone (positive) @ 1.0805-1.0870 SL: 20-25, TP: 40-80 Sell Zone @ 1.0985-1.1030 SL: 15-20, TP: 25-50 H1: Same as H4: the three moving averages (MA120. MA72. MA24.) are arranged in an upward trend, and a "long position" should be established when the price falls. But the price will be more positive when entering the "long position" (short-term strategy) H1 Strategy: Buy Zone @ 1.0850 -1.0885 (short-term) SL: 15-20, TP: 25-60 Sell Zone @ 1.0940-1.0970 (short-term) SL: 10-20, TP: 20-40 Full Time Frame 4K UHD Pic (TradingView):
Long
by HyperAlphaPro
Keep Calm and 4k OnBears don't get to convinced a sell off is near. Bulls will be buying the dip for the entire next year. 4K is the level, premium the harvest. ---- In this idea I present to you a level everyone should be aware of because my prediction is that we will end 2023 around 4k. I was browsing the SPX options chain for 2023 and 4k is by far the highest open interest across all major expires like quad witching. This shouldn't be a surprise as it has been a magnet since the Archegos margin call. I jokingly call it the Archegos Gap. But after extensive research into SLR and ON Reverse Repos it is also a major level the Fed shifted policy in 2021. Every directional shift higher or to lower from 4k has correlation with the Archegos Gap. Most notable are: Inverted Yield Curves Hyper Inflation Debt DXY The market is starting to wake up to the idea equities will be flat for the entire year.
AMEX:SPY
by SPYvsGME
20
Is bitcoin ready to close the week with a final push? (update)I previously thought it was an 5 waves structure but now it looks more of an ABC. Two main downward resistance trendlines extending from the 19k region (Red and purple) should stop the progression upward at least for the next week. In the meantime some important EMA's golden crosses should occur and that could potentially mean more upward pressure as Bitcoin will try to bounce off those 19k resistances trendlines (becoming temporary support). I see a correction to the golden pocket (.382 fib region) next week. Expect the $3830-3840 strong support to be tested first.
BITSTAMP:BTCUSDLong
by Jnoiseux25
3
Bitcoin to 4000-4500 Range?Hello Guys, in the last time (since the last weekly candle) I expected that we have to go lower. As you can See I have many trendlines at the weekly-logarithmic chart and now we have to go to the main supportline to go higher. I expect we will go to 4000-4500 usd/btc and then we go eventually to 30k or higher. Watch also my Weekly RSI-Indicator. We have much room to go lower. Let me know in the comments, what you think about it. Alert: This is not an investment advice. This is only my own opinion. Greets from Germany!
COINBASE:BTCUSDLong
by demomexx
October Bitcoin Price: Tribute to the WOLF OF POLONIEXChart is crazy and normies will be brainwashed by groupthink that this will not happen . They will say there is no way that is gonna happen no way. Mike Novogratz assured me bitcoin would never be below 5800 ever again as he birthed the "there are no more sellers" as he also told you that on the cnbc. I imagine this post will get banned as we get closer to this actually happening so I would urge you to save it and repost this chart so we can save as many normies as we can and they can buy somewhere closer to the 88 percent fib retracement which is like 3800ish. But this will not happen as I get called a wacko on meth in my tent in the woods. The ta: Basically draw the downtrend line from the past 2 bull traps( 8500 7400) and draw the bear flag on btc. Btc should be finding support on the 22 ema daily as we speak. Draw the fib lines from the low of 6150 to the top of 7400 of the previous . The top two fib lines below 7400 are like 6900 and 7100. We move from the 22 ema daily to the 6900 fib target back down to the 22 ema daily then spring up to the 7100 fib target break down to break the 22ema support forming and then down to form a lower wedge at a lower low and then pop up rekting shorts to have enough ammo for the higher high fakeout. My Trade : Long 6500ish to 6850 flip short at 6900 short to 6550 and then relong to 7k and then flip short to 6. Adjust targets accordingly. Will long 5900ish to 7.1k and then stay out of the market. Remember when Novogratz said 40k btc by next december 2018 and we topped at 20k in December 2017 so normies can fill his shorts again. Well he will once again mention something like "well I told you 40k btc by Dec 2018" is possible once we get a shocking bull run in November as the market makers pump it re refuel interest in crypto with the big money ( those truly in charge) opening up their big exchanges such as bakkt and goldman sachs who now owns poloniex. I can imagine there will be an onslaught of bullish news as novogratz always said "the herd will storm in " when regulations are passed. I also believe bittrex and poloniex and all American exchanges have already lobbied against binance and tether . Tether will prove to be legit but goldman sachs got angry and made their own stable coin( partnered with bitmain) in attempt to overtake tether's market share. That was the reason for the attack on tether which was ultimately an attack to take market share away from bitfinex. Tether proving to actually be legit and biffinexxed being a shill paid by goldmansachs/bitmain to trash tether will change the market sentiment from bear to bull very quick in a months time. There will be binance fud as they right now dont require kyc for smaller accounts and this will be a ploy in attempt for bittrex and polobiex and coinbase to gain back market share due to binances explosion in 2017 . When the little guy makes as much money as deutsche bank bank but drastically less operating costs yeah the big boys will be mad and well coordinate their counter attack. Sminem here to tell you that I hacked bogdanoffs plan and we will counter attack in November. Boganoff defeated me and in exile I have now gathered the necessary strength to counter. This post will get banned so repost and spread the message. Rekt Dude from 2018 bear market
by wolfofpoloniex2
6
BTC ... does RENKO confirm we still need to drop?Hello gang. OK so here's the Renko on the daily. If you've seen my previous ideas, you will notice I've been talking about a big triangle wave, along with some other people doing TA. These waves are bouncing in a big triangular formation ... 20k to 6k, 6k to 11.7k, 11.7k to 6.5k, 6.5k to 10k and now the final wave ... which has broken down below the triangle with a CURRENT bottom of 5.9k. Each of these long waves from the top of the triangle to the bottom and vice-versa I have found are a complex correction wave ... a WXY pattern. The WXY is a (5-3-5)-(3)-(5-3-5) system ... each bracket is (W)-(X)-(Y). So basically an (impulse-abc-impulse) for W, abc for X. and (impulse-abc-impulse) for Y. Sorry for going into detail, but this is really important to understand. Again I want to stress ... I have counted this system in ALL the major waves in the triangle, and I expect this correction down from 10k to be NO different. Turn to the Renko now ... start at the 9.99k top, and notice the red blocks are the impulse waves and the green blocks are the abc corrections. We have completed (impulse-abc-impulse)-(abc)-(impulse-abc- ...) and are working on that last impulse. Each of these red impulse waves are around 1300 to 1600 points long, average is around 1400 points. Applying that to this impulse, it takes BTC to 5350! I've also done an elliott wave count on the normal candle chart ... and if I compare that to the impulse we had from 7700 down, once again, it says we should hit between 5350 and 5400. There is key support at 5350/5400 that should be taken into consideration as well. At the moment we are in wave 4 ... and that can take us to 7250 to 73XX territory. Then I expect it to go down. Can't say when as this can now sideways for a few days ... but I do see one last collapse ... I'm hoping to see a nice V shaped bottom ... and yes it can go lower than 5.4k ... key support below that is 5k and 4.5k. I would be very surprised if we go lower than 4.5k without a significant correction first, or at least weeks/months of sideways and disinterest. Is a bounce from here possible ... yes, sure ... but I'd say lower probability ... and the only logical reason I see for that is the mass public viewing the 5900 to 6000 level as HARD support ... given it's been tested a few times. Once again, this is a low probability scenario for me right now. One last thing ... if we do bounce from 5.4k, I don't believe that is the absolute bottom. I see a few weeks of rallying, then another bear market. There is an important log trend line that needs to be touched to get us out of this mess ... it currently sits at around 3k ... it is rising as time progresses. Remember only a fool relies on one potential outcome. Do not make financial decisions with this info. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
6
BTC/USD Price prediction for the upcoming weeksHi Everyone, It pains me to make this prediction, but as much as I love Bitcoin fundamentally, I believe that we are in a mid-term bear market. Mid-Term being what I think will be around 1 and a half months. Historical evidence: This idea was not my own but I saw the argument on Twitter and its something I can get behind. If we go to the weekly chart and pull up the 7, 50 and 100 MAs, we'll see that the weekly 7 MA is about to cross below the 50 for the first time since mid-2015 and only the second time in history. This 2015 section of the chart is highlighted with a death cross in the red ellipse, followed by a breakdown of the price until we find strong historical support, represented by the Blue box covering the area above 160$. From the bottom, we attempt to break against the descending 50 MA but get rejected. That rejection finds support on the original bottom and a double bottom is formed. Once we find support at 160$ and break the 50 MA, represented by the green ellipse, we head into a bull cycle, which I think will contain some very significant price action. Current State: On the 2017/2018 Bitcoin chart, the 7MA is about to cross downward over the 50 and send us into that prolonged bear market. At the levels indicated by the green buy zone, around 4.6-5k (not drawn exactly) we have the 100 MA rising up for support and a historical level of support from price action this past August. If Bitcoin falls to there the weekly RSI will likely also be the lowest its been since 2015 and will be a prime spot to buy up some long positions. Be careful trying to buy the exact bottom. While I expect the price to stabilize around these levels and will be going long myself, we will need some catalyst, likely news of the SEC announcing a Bitcoin ETF, to break the trend, add liquidity to the market and push us into a bull cycle. I will be averaging down into this area to avoid missing any kind of crazy news. This is just my analysis, but I hope this helps people out. Thanks for reading.
BITFINEX:BTCUSDShort
by nnewfield
1
BTC ... is the plunge over?Hello All, A quick update ... there are different possible interpretations when it comes to EW. The short summary ... (1) did we have an ABC correction up from 7040 (black wave)? (2) or did we have an ABCDE leading diagonal up from 7040 (purple wave)? Thing is, selecting one or the other decides when the impulse down started ... and the projected bottom (in the short term), is very much dependent on that choice! The purple wave suggests this is FAR from over ... and alts will be jumping off cliffs soon, as BTC goes to 5.4k or even lower. In this scenario I do expect a quick, massive wick down, as many longs liquidate ... then a proper recovery. I can't tell you where that ends ... I see possible stops at 5.4k, 5k, 4.4k, 4k .... all the way down to around 2.9k. Don't freak out though ... I really do expect this to be quick, so if you are protected by stops ... The black wave suggests the correction is over (for now) ... and we go up from 7370, close to my original target of 7425 (see this idea ). This scenario then leads to a mediocre recovery, then another attempt to hit bottom, and I suspect that one would succeed. Again, I see this ending with that massive wick down, creating a V shaped bottom. We will know soon enough. Watch volume especially, and alt action (are they really recovering in a healthy manner)? Those are clues, they always have been. Please comment which way you think it will go ... BLACK WAVE or PURPLE WAVE Remember, only a fool relies on one potential outcome. Do not make financial decisions with this information ... for educational purposes only!
BITFINEX:BTCUSD
by MAGICMARK
11
BTC updated bearplan vol 2 with new targetsLast scenario which i linked here is invalidated but it still made appr 9% gains so in profit making it was very good but the time it took was way too long for me atleast. For me it doesnt matter whether it was correct, truncated, incorrect etc. If you are a trader it doesnt matter to you. If you try to proof that my count was wrong then you have to think with yourself that are you a trader. Just clarifying that it is waste of time to proof me wrong. My counts fail all the time and that's part of the game. Cutting losses is the key and strict strategy. So to this new chart I moved back to use WXY, WXYZX pattern. I want to highlight that this is now very very very advanced trading so if you do not know 100% what you are doing, dont trade. One reason to move X-retracement pattern is to diminish any critic concerning this count cause nobody can argue WXY,WXYZX . Variation and rules that apply to them in modern trading are infinite. So dont even try :). Second reason is that i still see this as X-patter as i like to call it. My guidelines for this scenario :Stoplosses well planned and positions closed atleast 100 dollars before they hit. Now i promise you that this roadmap will change before we reach the goal for this scenario. Ill keep it updated. DO NOT FOLLOW ME BLINDLY. Always know what position you are entering and why you are doing it. TARGETS: 1. 7670-7750 (I will enter long with stoploss just below 7670) 2. 8800-8999 (I will close short in 8800ish and enter short between 8900-8999, stoploss just above 9k) 3. 7200 ( i will close my short at 7400ish) 4. Impossible to say. (Ps. do not mind that tiny turqoise line there. Just speculation where this will rise before target 1)
Short
by JoppeJoppe
33
Are even the whales confused? BTC where are we going?Well folks, not too much change on my chart, just a few updates. No doubt the alts are getting some action while BTC is confused. Seems that the whales are fighting. One dumps, one buys. Or maybe this confusion is what they want? Where are we going whales? 8500 is something I'll watch closely. A break out from here is a bullish indicator ... but I also don't want to get caught in a bull trap, with a brief extension above the All Time High Trend Line 1. So I'll wait a little and see what it does. 9177 is the next test. So perhaps I'll test the waters between 8700 and 9200, without betting the house. On the other hand if 8500 fails, that could be what the bears are waiting for. Probably a smart play would be to setup a bull trap above the All Time High Trend Line, squeeze those shorts, get everyone long, and then setup a nice long squeeze, sending the price down! If we reverse, I think a 6k double bottom test is a logical target. That could very well start a nice bull run and propel us up to greener pastures. But depending on how much panic sets in 5.4k and 5k are possibilities. Lower than 5k, I'd say the odds start dropping off fast. It's all about probability, and based on that I will stagger in my buys from 6k down. Remember, only a fool relies on one potential outcome! Do not use this information for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
6
BTC - For the Elliot Wave IdealistsSo in the past few weeks, a couple of people have questioned whether this is a grand impulse wave down, annoyed by the fact that wave 4 would have to go into wave 1 territory. I've updated my chart to show an ABC correction after an impulse up to 19.9k. The outcome that is applicable over the next few weeks doesn't change much, as I have been saying. In an ABC correction, wave C tends to correct to the wave 4 bottom of the impulse up (see Nov 2017 low, point ). Therefore, wave C may likely go to 5.4k ... and a double bottom test of 6k is also possible. Both for me are credible end points, before the market sentiment changes. Many are switching their tune based on the bull euphoria right now ... but is it a bull trap. Some wary investors are not satisfied with wave C ending at 6425, above wave A (6000). To complete the correction, technically wave C should at least retrace to the 6k level. Another point is ... is wave B over? Possibly not, it could retrace up to the all time trend line 1, that would be a real bull trap! Given this is likely an ABC correction now (referring to mini wave), it doesn't change my expected bottom for wave C. Let's see. Remember only a fool relies on one potential outcome. Do not rely on this information for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
Oh the bliss, what a disguise. BTC will you go down or rise?Well, well, well .... just as I gave up on wave 4, here we are. At this point we've reached the all time high trend line and we are hitting a key Fib. Are we all wrong (oh yes, many have changed their tunes now after calling a 4k, 3k, 2k, 1k bottom). Wall street always wins, remember that. They want your money, so they do what's worst for you. Short you say, stay in cash you say? That must have hurt. I'm not trying to be funny guys, but we need to wake up. So where will it go now, as the BTC world turns to bullish euphoria? What will wall street do. It could go up, yes ... but at some point it will drop. The question is when. I don't know that, and it is clear most traders don't either. All I can say, according to the past, is what I think is key to determine sentiment and where I think it can go. At this stage, if we have topped out on wave 4 now, and EW theory holds true (although we already broke some principles), then the bottom in the mid term is estimated to be as low as 5.4k. It can bounce at 6k too! Anyhow, too many times I've been hypnotized by all the green, and then caught in a blood bath the next day. Not today, I'm starting to cash out and lock in my profits. Maybe I'm wrong ... but I'm very confident about one thing ... wall street always win. I'll be ready, either way they take it! Remember only a fool relies on one outcome. Do not use this for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
2
BTC Purgatory ... heaven or hell?Well, interesting and confusing movements from BTC. Is this a grand setup for a bull trap, which will set off the final decent to sub 6k levels, or has grand wave 5 ended, and the confusion as sign that BTC has reached bottom, and a market reversal is fueling up? Scenario B assumes we are now forming wave 4, and the bull trap is being set. It was clear that hovering around the 6.5k mark would not provide the steam necessary to go down to the 4k, 5k or 6k levels most were hoping for. Imagine all the margin short positions that got taken out in this last move up ... a good way for wall street to make money. And after this rise, will they achieve the momentum they'll need on a short to take BTC to a bottom that is 6k or lower?? Food for thought. OR!!!! Scenario C assumes we are done and the bears have given up. This would mean we've completed wave 4 AND wave 5 with a double bottom test at 6.5k BTC. This would move would also mean we are experiencing a market reversal, which would explain all the confusing signals. Have we crossed over into a bull heaven, or are the bears gripping BTC's ankle, pulling it back into the fiery flames of hell. Remember, only a fool relies on one potential outcome. Do not rely on this information for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
1
BTC HEADING 4k[?]*bad english alert 2 scenarios: thats the bearish scenario= after 19K BTC 1.77% correcting with ABCDE pattern,double zigzag then 5 wavesthen another double zigzag; call it 33-5-33 if u like. heading towards last target E. Wich also be the END of this huge falling wedge .(Yellow line near E). i wish us luck. --- update --- Secong scenario= yellow lines are falling wegde/up&down trend lines. if btc will not go down that 2 first line and will keep find support in them we should break it by the cross of the up & down trend lines. if it will break them both then scenario one is active and were heading 4k. --- EITHER WAY $BTC is going for new highs in the future. its just unclear when it will start. i see 40k by end 2018.
BITFINEX:BTCUSD
by Shlomchik
UPDATE - PM, April 4, 2018 - Bitcoin in its darkest hourGuys, I've decided to put Scenario B back on the table. Zooming into the data, I see we could be in wave B of a ABC correction. Others think this is about to turn into an extended wave 5, which is also possible. So it's possible that mini wave 4 is not complete. So to recap: SCENARIO A - assumes we are still in mini wave 3, and the rally of yesterday is just noise. Showing a bounce off 6k or slightly lower, and then after completing wave 4 we go down to a bottom, completing both mini and grand wave 5, showing a potential low of 4k. SCENARIO B - assume we are still completing wave 4, and current dip is simply part of a micro ABC correction. Showing a potential reversal at the All-Time-High trend line 2, but a bounce of the Fibs is also possible. Then we drop to 6k or lower to complete both mini and grand wave 5. I am starting to like this scenario a little more, as we expect a nice bull run after grand wave 5 completes. A double bottom to confirm THE BOTTOM would be a great way to start a bull run. SCENARIO C - assumes we have finished wave 4 and started wave 5. On the micro scale we will have some very small recoveries and drops along the way, but eventually, we should enter the target box area. Showing a bounce around 5k, close to support and a Fib. Remember, only a fool counts on one scenario! Do not use for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
UPDATED Apr 4, 2018 - Bitcoin in it's darkest hourHello gang. So a quick update. I think that drop has invalidated Scenario B, which took wave 4 to the All-Time-High Trend line 2. In the least, it's definitely hurt the probability of it going there. I've removed it from the graph, to simplify the TA. The scenario I've shown here are Scenario A ... this assumes that we are still in mini wave 3 of an impulse wave down. It basically treats the small rally and reversal as "noise". It assumes we will have a hard bounce off 6k (double bottom test) before starting mini wave 4. Mini wave 4 stops short of the wave 1 bottom, and bounces off a Fib line (0.786) before making it's final plunge to the bottom. This assumes mini wave 5 is shorter than mini wave 3, which keeps Elliot Wave theory in check. The box shown at the bottom right is the target range for the bottom of mini wave 5 keeping these "rules" in mind, and there is support at 5.4k, 5k, 4.5k and 4k that all fall in that box, so anyone of those could be the point we bounce from. The other scenario I've shown here is Scenario C (B has been deleted) ... this assumes we finished mini wave 3 at 6.4k a few days back, and the recent rally to 7.5k is mini wave 4 completed. This means we would be in mini-wave 5 now, and the final wave to the mid-term bottom (and perhaps the very bottom). I've explained that comment below. If Scenario C is correct, then the box on the lower left is the potential target for the mini and grand wave 5 bottom, and there is support at 6k (double bottom test before a good bounce), 5.4k and 5k. Anyone of those could be the point we bounce from. A double bottom test at 6k to confirm "the bottom" would make sense in my mind ... but who knows what the big guys have planned to do with BTC. OK, so could this be the final bottom after a grand impulse wave from 20k to ??. Some will say that my grand wave is incorrect, and wave 1 is from 20k to 6k ... possible. That would put us in grand wave 3 right now, and therefore after some reprieve in a grand wave 4 ... we still have to form grand wave 5 and this would take us to a very low price (perhaps then those predicting a bottom at 1k to 3k will finally claim victory, but I think it will be months before we can get to those levels). Others have drawn the same lines and called it an ABC correction (20k to 6k is wave A, 6k to 11.7k is wave B, and now we are in wave C). This theory essentially means the grand wave 5 I have shown in this chart is wave C, and the outcome is the same. Remember, only a fool counts on one outcome! Please do not use this information for investment purposes. This is for educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK