BTC USD - new zone for additional tradesHello traders and analysts,
Here is a view of BTC where a new zone has been created short term potential swap zone at 21,000 where price can fall back just as fast as it can rise.
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment.
Zones to watch
$21,000
$19,600-20,000
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Alltimehigh
Price Discovery Phase - Deep Sigh - We made it Men!!What a blessed year guys!
It's time to pull out the celebration hats, and take the bows - we blasted through $20k into $21.3k. This buying volume confirmed the suspicions that we just underwent a massive institutional accumulation phase. The patterns & volume told the story and the price followed through.
EMA is pointing to the start of a wonderful bull run higher now. There is a chance of a pullback to shake out some of the new weak hands, but I estimate that after such a large accumulation phase we are embarking into price discovery to find where the severe resistance is too be located. Hunting into new all time highs is going to give confidence to HDOL mentality, and it also is indicative that your average retail/institution position is in the profit zone - as the price is at all time high. This chase for yield in a market of plunging rates and weakening dollar could not be better suited on the macrofront for BTC. Along with the avalanche of macro-factors and the absurdly low rate of 0.75% for the $650m GBTC note?! I mean there is not only a lot to be confident about, there are now massive expectations of where price can go. Particularly when compounded by the JP Morgan & Citi Group calls of $100,000-$500,000 a coin.
I think it will be explosive as corporations look to protect their retained earnings, as safety market caps leave the 11T dollar gold market and embark in the chase for yield $500B crypto market. Imagine when entire markets MOVE onto the block chain - this will be explosive growth, and I estimate that the currency is going to grow, but that there will also be many more unicorns appearing in FinTech as the DeFi network gets established and easy to run on.
Where does BTC go from here? I estimate much higher. As for my position personally? I am asked if I am going to take profit soon - having much more than doubled my money in this position it would have to be a silly reason to hop off this rocket to the moon.
I have tons of risk exposed in BTC right now, and I will remain risk on.
Buy every dip.
Bitcoin Breaks All Time High (ATH)Hello!
We got a Bitcoin ATH break like I suggested 4th of december! Awesome if you ask me!
We still have fear and creed index on extreme creed ( over 1 month ) which I still don't like, but like the price shows us it actually doesn't matter. People can get even more creedy!
If we do believe to identical waves (legs same size. blue arrows) next resistance would be around 21 300 . There is also fibonacci take profit levels (1,618 and 2,618) which I put on the chart which would show around 20 600 and 22 400 .
If we stay higher than ATH we are heading upwards. How far? No one can say with certainty. If someone does don't believe him, because he really doesn't know! ;D
I still believe the same. Higher lows = bull, stimulus happening, dollar weakening and Bitcoin getting more mainstream ( money flowing in ). I think we could even see 25k now that ATH is broken.
We are really high so stay safe brothers and sisters and be careful because of the Fear and Creed Index.
For traders. Use stop loss if you do trades!
First mistake beginner traders do is taking to big risk.
-Jebu
ZS - Bull Pennant (Long) opportunityZS consolidated for 3 months below a resistence @ 163 before finally breaking up strongly on 3rd December, propelling it into all-time-all (ATH). This is significant as ATH stocks tend to trend for some time, having no prior "resistences" to suppress it's upward momentum.
It has been consolidating in a bull pennant for the past 2 weeks and is looking like it could be breaking out of this pennant in another week or so.
Long with initial stop a few ticks below 172 (the low of this bull pennant). Should it break, manage the trade with trailing stops.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots)
The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure)
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
Dow Jones Index All-Time-High and Bear Flag?
Hello, Traders!
DJI has established an all-time-high
Amidst a pandemic and the worst economic downturn since the Great Depression
However, "Something is rotten in the state of Denmark"
And this something might me manifesting itself in a bear flag
That the Index is now trading in
A bear flag, as the name suggest, implies that the move Down is coming
Which is consistent with the incompatibility of the ATH with the underlying economic conditions
Therefore, I expect a breakout, and a correction on the DJI
Sell!
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See other ideas below too!
BTC trying to breakout of ascending triangleCould be wishful thinking and impatience to get BTC out of this ascending triangle and into new highs but looks like we just finished a wave 1-2 and middle of wave 3 for 5 wave structure up, abc correction to retest and then off to the races. Otherwise could be setting up for another rejection and back to lower triangle support line to try again.
PEPSI-CO video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: PEPSI is sitting around strong supply in blue and all-time-high so we will be looking for sell setups on lower timeframes.
on H1: PEPSI formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
DOW JONES video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
BITCOIN ALL TIME HIGH ANALYZE! AFTER THE RISING WEDGE PATTERN FAILED AND THE PRICE IMPULSIVELY RISE AND BREAK THE ALL TIME HIGH PRICE
WHERE IS THE RESISTANCE?
WHERE WILL BITCOIN STOP AND DO HIS SECONDARY REACTION? (DOW THEORY)
IN HERE I WILL USE THE GOLDEN RATIO 2.618 OF XAY FIBONACCI EXTERNAL RETRACEMENT AND THE PRICE WILLBE STOP AT 371.707B
DISCLAIMER ON!
BTC USD longs if the USD bleedsHello traders and analysts,
We have seen a successful Bitcoin rush for the fresh supply/Alt High.
The USD remains under pressure to become cheaper for long exposure for the new year.
So long as the recovery of the US remains oncourse, then we will see further DXY weakness.
This does not track the USD, however the fresh rush into the coin has seen a new extension or consolidation into December - this will be an interesting month for flows.
Two scenarios
Exetnded target to break 20K
or
Downside to retest the previous wicked demand flow.
Many thanks,
Team Lupa
BTC Possible Moon or Back to Earth as always ?From the weekly chart if the candle closes above 2017 ATH then we can definitely expect a BTC to moon but the question is will bitcoin stay above the all time high or whales gonna manipulate the market crash BTC once again.
I'm sceptical about BTC crashing since we waited almost 3 years for BTC to hit new ATH, it think BTC is going to stay above ATH and hit new ATH continuously.
next short term goal for the BTC is 25000$+, if BTC crosses this then there is not stopping, we can expect BTC to reach moon soon :)
If BTC hit new ATH will it affect alts ? yes its definitely going to affect alts, i have published a separate article on how alts price varies with respective to BTC. link :
Thank you for reading.
Moving in on the All-Time High - What Will BTC Do Next In my previous ideas I showed you how BTC is following a perfect parabola at the moment. It hasn't broken in months now.
If we keep following this parabola we can expect that the price will break through the all-time high in only a few days.
It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up.
You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win.
The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
-Trading-Guru
In-Depth Review of What Caused the Dump - What Will Happen NEXT?In this technical analysis I will walk you through the recent price action on BTC, starting with how the parabola got developed, where it got broken, and the massive reaction that followed upon it shortly after. Then, I will explain what I think is important to look at next.
First of all, let's do a quick recap of the parabola. In my last few ideas on BTC you can see I have been closely following this exponential trend. Definitely one of the more beautiful parabolas I've seen. Even now you might wonder, "but trading-guru, the parabola got broken right so it got already invalidated.". Well, I see it slightly differently. Look what happened exactly at the moment the price broke out of the parabola.
There was a MASSIVE response to the parabola being broken, with an immediate 10% loss (first ~5% till the parabola and then an instant extra 10%). To me this confirms that people are looking at this technical pattern (trading consists of 50% self-fulfilling prophecies) and that the parabola does hold future value.
It's the same as with horizontal support and resistance zones. You can use them to bet on reversals, but when there is a break-out you often see very strong responses!
The great thing about the drop in value is that we finally got some prices again we can work with on the chart. I am not a big fan of charting rising prices in white charting canvas. I mostly appreciate horizontal zones, more than technical indicators and such (I do occasionally use them, not saying they are bad. Just trying to support my case with price action first).
I charted the first horizontal zones here on the 1h, and I imagine over the following days I will publish a few more ideas with newly created zones. If we want the price of BTC to stay high, our eyes need to be on this zone.
If this zone holds, I would say we can go in for a nice long trade again, but if it breaks I will keep my short recommendation for a bit longer.
Trading is just mapping risk-reward set-ups over a long period of time to get the statistics working in your favor. In this case if you have good risk-reward it doesn't matter too much if you're going long or short near the support zone. I suggest betting on the long reversal as close as possible near the support zone since the price already dropped 15% and it does look like the bears have lost their momentum.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!