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USDCHF Big Picture ViewUSDCHF is currently trading in a big corrective structure where I expect the 5th wave to the top of the structure to complete before we see a break to the downside. Smaller time frames show that there is the possibility of one more small move down before we see a break of the current flag formation to the upside to complete wave 5 on the bigger picture. I will post analysis on the smaller time frame in a separate idea. Direct message me for any assistance required Cheers Linton
Long
by Linton_White
USDJPY Short Trade SetupUSDJPY moved as we expected it to. Our long trades made good profit and we are now looking for the entry to the downside. We can see an impulse down to A on the left and then a 3 wave corrective structure up to B which has now broken to the downside. I am looking for a retest of the structure for a short entry where my target will be C which should break the previous low at A. There I will start looking for signs of a reversal and a long entry to the upside where we could see a break of the highs.
Short
by Linton_White
Zoom out and see the bigger picture for BitcoinFirst of all, I'm extremely bullish on bitcoin and cryptocurrencies long term. I think they have tremendous fundamental value, and this is not a fad that is just going to pass. In saying that, I do not believe we are about to enter another bull run. Almost every long-term indicator suggests that we need a substantial period of consolidation after the mayhem of Q3 and Q4 of 2017. I understand the market conditions were different in 2014-2015 (Mt. Gox hack etc), but there is arguably a comparable amount of FUD floating around these days too (regulation, market manipulation, more hacks). My guess is that we will see a retest of the most prominent trendline in all of BTC's history before we enter the next bull market. This timing should coincide with a large amount of adoption of cryptocurrencies into our every day lives. We're already starting to see adoption on a small level, but its just not quite there yet. You might believe so, but remember you're currently part of a niche group of people interested in this space, and we need the general public to believe what you and I believe before we see that kind of adoption (and corresponding price growth). From a technical analysis standpoint: (TA has its limitations, but I think where it works best is when you zoom out and look at the bigger picture, and keep it simple) On the monthly chart - See chart for the long-term trendline in white. I think we should see it tested around the end of 2018/start of 2019. - Notice the cyclic nature of the RSI. We need to reset the monthly RSI back to around 44-50. - The death cross and cross below the 12 month MA (blue line) have only happened once before in bitcoin's lifetime - in mid 2014. This substantiates my belief that we will see this current scenario play out in a similar fashion. I'm not going to throw out a prediction for a price target by a particular date, as the only thing I am certain of is that I will be wrong. In terms of my own trading strategy, I am going to be accumulating on dips for the next 6 months or so. If you're a fan of Wyckhoff style analysis, this is a prime example of an accumulation phase. If institutional/smart money is coming in, they're creeping in slowly in times like these. One thing I won't be doing is day trading. That's a surefire way for us retail investors to get absolutely rekd in this market. You can do whatever you want. Anyway, I'm sure a whole lot of people will lambaste me for throwing out FUD and a lack of confidence in this market, but I don't really mind. Throw it at me lol. I wrote this cause I was bored of working on my PhD, so by all means make this more entertaining for me.
BITSTAMP:BTCUSDLong
by CamHanna
2
BTCUSD Weekly Analysis | 2018-2020My chart overlays got deleted, so I decided to start from scratch, which wasn't bad at all after all, since many charts were pretty chaotic (from what others have commented :-)). Since the big picture is easily overlooked when we look at the smaller timeframes (tunnelvision), it's important to see the overall trend since start to now from time to time to not get biased in one direction or the other. Assuming this is the 3rd wave since 2011, the king has one more serious bullrun to go before a big correction, but first a cyclical lesser degree correction is due before I see that happen. For the last few years, I've seen (and still see) the 618 (golden ratio) has been a more and more significant nummer for Bitcoin (sic BTC), so my guess for wave 5 takes this number in to consideration, as w5 equals w1 doesn't seem right when it's calculated from w4, because it would be a truncated one at a much lower price point, which I find hard to believe.
BNC:BLX
by CryptoSwindle
2
Looking again at the Big PictureThere is a resistance ledge that seems to be failing on the weekly time frame of the US30. Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that. What I am saying is that the greater probability at this time is for the south. This means that there is also a probability for the north. Yes - ledges do fail in bear markets. Most people do not play in the weekly picture. However, I look at higher time frames to inform me of risk on lower time frames. But there is an even bigger picture in all the worlds markets. Avoid the news except to attempt to manage systematic risk.
FX:US30
by Captain_Walker
Why "HoDL"-ing is extremely stupidA picture says a 1000 words, so why write a whole column. If you think -86% is acceptable over a long period of time, be my guest. Better to cut losses to buy more for cheaper. Not only that, it also has psychological and emotional effects on many people. They are lucky BTC made a comeback, they aren't so lucky next time when it gets deprecated. Ask any stockholder of the dot com bubble how it feels to have worthless stock in their possession: "HoDL".
BITFINEX:BTCUSD
by CryptoSwindle
28
My rendition of what will happen.I'm stuck in with like 75% position on BCH which was bought stupid high from the stupid gdax launch debacle and I'm bitter about it BUT... Here is a big picture chart of what I see and we might see, in my opinion. Obviously I'm bullish. I am bullish because of bitcoins difficulties, it continues forking (the community is dividing), and this coin is basically bitcoin that is faster and cheaper and has a central shot caller... YEH YEH. I own Litecoin too, which I'm also bullish on for basically the same reason.... Now that they are both on coinbase I don't think one is going to eat the other (bitcoin cash eat Litecoin). BUT I am thinking I will see the capital from bitcoin sliding down into these at 40% BCH, Litecoin 30%, and ALTS 30%... Don't forget how much market cap bitcoin has... SO this leads me to the tin foil hat LONG TERM CALL. I hope your ready... Just stick with me; no one can call this far out but Im going from my gut here. I've been obsessed with this trio for about a year. AS bitcoin collapses under its own technical hurdle weight (this will happen slowly, maybe 5 months but at the end of 2018) we will see the value of ALTS simply SKYROCKET because most are measuring in the amt bitcoin its worth.... After bitcoin sheds about 70% of its value from around 64k there will be a panic point for all the ALT coin traders. They will realize my coins become worthless if bicoin dies and there is no other pair for it to trade too. At this moment Bitcoin will SURGE HUGE only to die another more rapid death bouncing off an ATH just shy of 100K. I'm not going to go down a list of ALT coins that will die but I expect a huge number will during the Bitcoin Collapses. We will then see a good chunk of the ALTS WRAP their market cap back into all currencies with USD pairs. Possibly the old tried and true Bitcoin but I think by this time the flaws in direction and development will have killed bitcoin the Goliath. BITCOIN will go down as an amazing thing in history. We all know the end of bitcoin does not mean the end of the revolution that has come from it. I can see the headlines in 50 years: A technology given to us by aliens or the gods 100 years ago BITCOIN In an age where humans are Hybrids with technology. We look at a retina scanner and a pizza shows up at our door 5 min later via drone. When cars go out and drive families of 5 around to their individual meetings because we all need 9 million dollars to retire. YES USD WILL EXIST it just has almost no value.. SO we work till were 100, and we die when were 130. Companies that once traded on the NYSE will now trade as cryto. AND AS BANKS COLLAPSE and all fiat and INFORMATION moves to blockchain, which we all interface seamlessly on a day to day basis without even thinking about it. We will find ourselves faced with the biggest MOST INTENSE DECISION EVER. AS A HUMAN RACE WE WILL HAVE TO DECIDE; Do we forgive national debts or do we just kill each other? Fer real. lol THANK YOU FOR READING. I am thinking on a MACRO time frame here... Basically all of 2018... Then 2068.... I hope i live to see it BUT I BET WE WILL ALL BE RICH IN FIAT FAR BEFORE we get to the final revolution lol.... It will undoubtedly be something we NEVER forget. Anyway... Hope you enjoyed this. AND THINK LONG!
COINBASE:BCHUSDLong
by Noxtreme
1
BITCOIN: BTCUSD Wave Power: Big Picture Clean ChartBitcoin: BTCUSD Wave and Price just keeps Growing Life and Times: Just Another Manic Sunday - Bear Witness to the Fastest Market in History - Bar none. Update/positions: Yesterday we got stopped out at 10900 for a 900 point win from 10008 and were looking to re-enter from 10638 in a perfect set-up - it was close but no cigar with the subsequent low being 20 points higher. See how it made that base under the highs? Hardly bearish was it? If it was bearish it just would not have behaved like that. Remember this behaviour! You're going to see a lot of it in this environment on other Alts at different points ...see how it behaves under old highs: does it recoil hard, big red candles of rejection or it lazy, almost disinterested? Long term holders don't give a hoot for whether price is 12 or 13 or 9 or 21. it's just a number. They ain't selling. No supply. Lots of demand, and - as humans are wont to do - we are somehow much happier paying 11.5 now than 9.5 just 48 hours ago. Humans! Are we not, like Bitcoin itself, a piece of work to behold ? Traders' Update Look at this wave now. It's tidal, tsunamic in size. It grows as fast as Alien and moves 100 times quicker. If day trading, or holding long again from 10650 ish lows of later yesterday prepare to take profits as the upper parallel is tested, spiking up into the top-most parallel at best before falling away again... looks likely to come back to 11385 at some point and potentially to 11070 - note the two little pins at the top - a tiny tiny fractal flag is forming by the look of things before the next surge to the upper parallel. it looks like it will consolidate close to the highs and at worst dip to 11500 and perhaps spike to 11385 at lowest before it rallies again to hit the upper parallels. Next buy/add point if we don't fall away further from here comes on the break of the tiny dynamic coming off the highs. But close out again at the parallel for 400 to 550 gains. If we see this challenge above 12000 and into 12150 range it is possible that we then see a large collapse start from there ...doesn't have to happen, but would be 'normal' behaviour in any other 'stock'. The problem is Bitcoin is hardly 'normal'. Supports shown on the chart are the most likely spots to expect support to step in later on today/tomorrow.
BITSTAMP:BTCUSDLong
by sumastardon
BIG PICTURE resistance and support as well as significant eventsThis is a big picture chart looking at resistance and support levels. The vertical lines mark events. 1st red line is BCH fork. Next blue line is the start of the first LTC spike Followed by the green top of the LTC spike. Then 2 more red lined on the BCG and failed 2X fork. These are followed up by a blue line 1 month after (same time frame as before) which might mark the start of the next spike on TOMORROW. The last 2 green lines would be the tops based on the BCG fork and the failed 2X for if the timing is the same as last time there was a bitcoin fork... I have been hodling for a long time now so I’m really hopeful we will see another huge spike soon. But honestly I’m hopping BTC does not follow the spike too because I would love to dump all my ltc into btc then ride into next year in btc. Sell off. Then go back to ltc just in time for lightening atomic swaps to become mainstream. That’s my plan anyway...
COINBASE:LTCUSD
by Noxtreme
Bitcoin: Beautiful Bitcoin Big Picure Clean ChartBitcoin Update BTCUSD If a picture paints a thousand words, what about a chart? So Bitcoin could be double topping - if it is it only gets confirmed by a fall below 7347 support line, with first clue a break below the dynamic support (not relying too much on the parallel yet until we can see how it responds when touched, if ever. The other way out from here is to break above the little parallel above it and make a blast for 7570...and that looks more likely. If stopped out earlier or missed the updates, this is next chance on buy side, other than looking to buy retests of the blue line at 7426 Please see comment on left for more about breaking 7570.
BITSTAMP:BTCUSDLong
by sumastardon
New upward channel? Lots of resistance to break. Big picture.I thought I would step back and look at the big pictures Since our top. This is my first chart publish so hopefully it helps someon. I'm not really trying to call bear or bull but it seems like we might be back in an upward channel on the 1 hr. Fingers crossed Pink lines show all the resistance points on the way back to to our high. Green lines are potentially support lines. My thought is we might drift a little out of the bottom of the channel next week but hopefully we don't break the support it's sitting on now. After the 30th, when the china exchange news finally goes away, I think we will go up till mid nov untill the new bitcoin split fud starts. After looking at the big picture please zoom in on our current time to see the channel. Feedback welcome.
COINBASE:LTCUSD
by Noxtreme
Step Back: 2 Charts, Same Target Zone - Part 2Part 2: An expanding flat corrective pattern is unfolding at cycle degree. Primary wave ((B)) is nearing completion. What is depicted here is an extreme simplification of several possibilities. The following wave, primary degree wave ((C)), will unfold as a five wave impulse. The target would be returning to the bottom of primary degree wave ((A)). It could be truncated, about equal, or make a lower low. *The pattern in which the decline to next major low is met will determine which big picture count is correct. **Personally, I am sitting on the sideline and watching. When more of the pattern is developed, it will be appropriate to zoom in again.
BITSTAMP:BTCUSD
by Kappy
3
Step Back: 2 Charts, Same Target Zone - Part 1Part 1: A bullish five wave impulse at cycle degree scale is nearing completion. Completing a five wave cycle marks the top of a supercycle degree wave I. The target would be a 3 wave cycle degree decline to the previous fourth wave of once lesser degree, the zone of cycle wave IV. *The pattern in which the decline to next major low is met will determine which big picture count is correct. **Personally, I am sitting on the sideline and watching. When more of the pattern is developed, it will be appropriate to zoom in again.
BITSTAMP:BTCUSD
by Kappy
5