Short Term Sell, then short term buyHello guys,
This is what I see happening with XRP right now. Anything can happen and we will adapt to what the market is telling us.
The first white rectangle is our first buy zone. Price can come down and bounce around .1856 --- It can, however, come down to the second rectangle and create that double bottom. To move to the upside targeting the top of the pattern and potentially to a higher zone.
We will watch how the market reacts. Pattern identification and price action are key in these zones.
Bitcon
BitcoinSV - The Flippening - Part 6 - DecentralizationBITFINEX:BSVUSD : Strong Buy
Analysis Method: Fibonacci & Wave Theory
Near-Term Target: $1,400
Time-Frame: 30 Days
Bitcoin SV is the original Bitcoin
It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System.
Link to Whitepaper: bitcoinsv.io
Latest News:
The Bitcoin SV Scaling Test Network (STN) is often the place where records are made, and where Bitcoin SV (BSV) continues to prove how the original vision of Satoshi Nakamoto allows for unlimited scaling. On May 6, the STN was the place where two new world records were set.
We came upon the world records when Twitter account Global Bitcoin Watchdog noticed an STN block with over 9 million transactions . Shortly after, that record was smashed by another block, with over 13 million transactions .
nChain CTO Steve Shadders noted:
The STN is a tool for testing extreme limits of the Bitcoin network. Whilst this block wasn’t made under network conditions typical of the production network, it tested specific elements of extreme load scenarios. We are pleased to confirm that the Bitcoin software, in a globally deployed scenario, was able to handle this test with no noticeable service degradation.
STN Website: bitcoinscaling.io
Previous Analysis: BSV - The Flippening - Part 5
Link:
Pick-up form previous analysis...
High Wave Analysis:
- ABC Correction Sequence (Building a base)
- Correction Sequence was in 5 Waves (Strong Support)
Daily Chart:
-Primary Wave 1
-Added Fib-Time
-29 Days till Fib-Time Marker 5
Lower Wave Count:
-Primary Wave
Primary Wave 3 Trigger: $383
Primary Wave 3 Target Area: $300-$383
Will update.
Find more on FibMarketWatch.com
Don't Miss The Wealth Transfer - From Fake Fiat, To Real MoneyIf yo don't see why gold, silver, and other REAL assets will be extremely bullish in the next decade, you must be sleeping. I don't have time to explain the 100+ reasons why the current global fiat monetary system will fail within the next 10 years.. but if you are interested, her is a good place to start your education:
www.youtube.com
The fundamental reasons are obvious, and now the technical analysis supporting it which is getting me pretty fired up. Now that we have broken above the bearish trendline, I do not see much else in terms of resistance.
Next update will be at new ATH, hope to see you guys there.
Best of luck, hit thumbs up.
Bitcoin CME Futures (BTC1!) - April 8As the closing price was created at the 7195 point, a gap occurred.
You must get support at point 7045.
You need to see if it will rise to 7385 to fill the gap.
If it does not fall below the 6860 point, it is expected to eventually rise to near the 7760 point.
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I think the current situation is not very good to understand the overall flow of the coin market.
Accordingly, it is time to focus on selling rather than buying to preserve profits.
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"Like" is a great power for me.
I will try to reciprocate with better information.
Thank you for always supporting.
BULLISHHEY. TONE VAYS IS BULLISH. IT MUST BE REAL.
LOOK FOR A BREAK TO THE UPSIDE ON THIS FALLING WEDGE. I'M NOT SO SURE IT'S A BEAR FLAG/PENNANT. BTC HAS BEEN BREAKING THESE BULLISH RANDOMLY SINCE THE CRASH.
ALSO. CHECK THE 50/200MA ON THE 2-DAY. CAN'T PUBLISH IT HERE WITHOUT IT BEING 'PRIVATE' -BUT EVERY GOLDEN CROSS IN BTC HISTORY HAS CAUSED A BULL TREND ALMOST RIGHT AWAY.
-WILL BE WATCHING THE PA CLOSE.
**MARCH 29 - 31 ARE SIGNIFICANT DAYS IN BTC'S CYCLES. SIGNIFICANT 8 YEAR CYCLE -2012, BTC HAD A 50.200MA GOLDEN CROSS AND ENTERED A BULL TREND GAINING %5258%.
WE'RE EXPECTING A GOLDEN CROSS IN THE NEXT 12 - 36HRS
SENDING OUT A FREE ANALYSIS FOR THE PRICE OVER THE NEXT MONTH. SHOOT ME YOUR EMAIL AND I'LL SEND IT TO YOU.
WHAT'S EVERYONE LOOKING AT HERE?
All the story around 5650$Morning folks,
We have a lot to tell you about the BTC market, but it takes too much space here, so better if you visit our forum and read/watch it. I try to do it in two words:
1. We do not believe in "V" shape recovery of the market by many fundamental reasons.
2. It means that we keep our 3.3K long-term target valid and treat current action just a temporal pullback.
In short-term 5665 lows (A-point of butterfly) has vital value for direction. As you can see we re-shape our butterfly, made it more extended as price has changed the shape a bit, but its target stands the same - 7873$ level.
Market has to go up right from here, or it will not go up at all. This makes situation relatively simple to trade.
Bulls - could consider long entry around 6K level, where bottom of the right shoulder should be. Stop has to be below "A" point, which is invalidation of the butterfly. Target is either AB=CD based on H&S, or if you're really lucky person - our XOP target around 7873$;
For the bears - you should wait either for butterfly failure or completion of upside retracement. In first case you could use Stop "Sell" order below A point, somewhere around 5.6K. If market erases butterfly - it continues downside action.
Good luck to everybody.
EXPECTING THAT THIS ARE THE START OF BULL RUN 2020!I expect that this can be the first start of the bull run for 2020! and I expect major changes in the crpyto cycl after many studies I have done on the market, before the market went down today, I had indicated an update to anticipate this, but this is certainly not a bad news, I expect The start of a new bull run 2020 from this corection.
Next 3 points are very important.
1. whale effect
2. trends/news
3. Data
--------> E XPECTING THAT THIS ARE THE START OF BULL RUN
As the trend looks down --> the whales can any moment breakout it with huge amount, as on this moment there is large usdt transfers to exchanges.
Hotbit are a important exchange for next time for btc.
I WILL UPDATE SOON MORE DETAILS ABOUT THIS TREND.
if you like my post pleas give it a like, and for more updates follow my channel
# for private signals contact me.
Have good day
INTRADAY 20/01/20 and global forecast BTCUSDt BinanceDear friends,
If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis”
How to read my analysis.
My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection.
To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish.
The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range.
In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another.
If the priority is the side scenario (grey arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario.
Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it.
Continuing intraday forecasts.
Yesterday, Bitcoin continued its growth attempt and broke the bar at 9000 USD. However, to gain a foothold in the achieved achievements was not a surprise! In the afternoon, we saw a strong failure, which generally corresponded to the weekly scenario.
Trend by TF for today:
Week is Bearish
Day is bullish
4 hours - bearish
Forecast for today:
The most embedded is the consolidation of BTCUSD today during the day. The differential arrows of Thomas DeMark look in different directions. A breakdown by trends also indicates a multidirectional direction. The most likely scenario today is a sideways (see grey arrows)
The confirmation level for the bullish scenario is fixing above the green key level.
The confirmation level of the bearish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
top trading range for today - 9150USD
lower trading range for today –8200 USD
The weekly script for the last week was executed with high accuracy.
The scenario for the new week is as follows:
Key level:
for bulls - 8850
forbears - 8450
The probability of an exit above 9550 within the current week is extremely small. With a high degree of probability, after consolidation at the level of 8450 USD, we will see a correction to 8000, where we will continue to accumulate next week with the potential for bullish momentum.
The global scenario for 2020 remains unchanged.
The nearest target for bears 7800 - 7400.
The most likely goal for the end of the year is 13,000 USD.
Good luck and good profits!
Regards,
Michael Hyipov
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Subscribe to my channels in telegrams, Instagrams and patreon! Always happy to hear your comments!
Thank you very much for your support 🙏🙏🙏
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
BTC (Y20.P1.E13).Bullish Ascending Patterns.ABCDEHi All,
Just an observation.
If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns.
> They are in an upward wedge pattern and also in a channel.
> I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others.
> The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well.
Question is, will it repeat once more to hit the 9.4K (to 9550) target?
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
BTC - almost went to planStayed in the descending wedge longer than anticipated. Local low established at 6425, near resistance now, looking for 8862 as the first target on the break of the 1/1. Likely hard resistance at the .382 fib (from Dec 2018 low) and white .5 fib (from 2012 low). Current monthly vwap leading the prior month ( subject to change before close of current month ).
Broke out of the short term downtrendLast night we broke out of the short term downtrend line and now still going up with support of the short term up trend line from decemeber 4 as talked about yesterday, will link yesterdays below. Now it gets me wondering if yesterday played any significant or we still gonna go lower.
Bearish look we are still in a long term downtrend channel, yet bullish we are above the downtrend line from 14k. As of now new trading zone is 7201-7240 roughly. My goal is us to find support at 7201 which as of now we hit it 5 times with the red candle hitting 7240 than getting bounced off of 7201 as seen above.
I'm still gonna long it and to determine if we are out of this mini bear market is a retest of 7562, the head of the double top that took us too 7079 before finding support at 7121 which we tested that 4 times. Than if we could break out of the downtrend channel which is getting smaller every hour, but as of writing this it sits around 7562 roughly and gets smaller every hour as we scaling up the short term uptrend line.
Major resistance might be found at the hourly emas, yet there isn't much vpvr trading atm in where they sit at until the supports/resistance as I talked about above.
Again good luck and hopefully 6500 was the bottom of our mini bear market adn 7079 being the final flush out.
GOLD fallingGold falling. Next stop for it below 1420 and 1366. Don't catch it higher. First zone bounce will be bullish. Going lower won't brake the trend, but put it under question. Targets for each bounce are SR zones above it.
P.S. Tunis are the first ones to issue central bank digital currency. China is probably next. What will be the demand for gold, after much more countries join that trend?
We're Stuck in a Ginormous RangeBeen in a ginormous range for a good while.
Had a breakout from a small wedge within it, but that doesn't guarantee we're out of the woods yet.
So enjoy the range trading for now.
And yes, I did put bear tps in case the consolidation breakout heads south.
BULL TPS:
8514.90
8818.06
when break out of the range...
9085.48
9494.51
BEAR TPS:
8222.74
7999.78
when break out of the range...
7609.41
7218.66
Will BNB continue bull trend?BNB failed to get above 230 resistance. Spent 4 days trying to breakout but got rejected in the end. Now at 219-220 support. Will either bounce within nearest day of fall down to 213 - 210 - 207 support zones. Bounce at each supports bullish trend continuation. Going lower will cancel all the past achievements.