Bottom
Exciting and interesting moments. Some mid term scenario's: from extreme bullish to finding the last bottom:
Small triggers can be enough to create a fast break out, followed by an early FOMO reaction. We are really close. The other extremely scenario is a pull back to the down trend again. Not a very likely, but there is even a small change we need to finish the Eliot wave and find the very last bottom.
I really hope to something in between, so we can build up a strong fundamental base for a healthy bullrun in the next 1.5 year. A longer period for the bullrun is even better to give bitcoin and alts the change to improve their technology and acceptation by institutions and governments.
Lets see what comes folks!
Large Upward Movement Due on XRPUSD ChartLarge Upward Movement Due on XRPUSD Chart
As shown in the weekly chart, XRP has seen a large upward movement an average of every 259 days with 280 days being the longest period betwen large movement. We have now reached the the point of average days in between which means a large impulsuve move should be due within the next 20 days if history rhymes. We have recently broke out of a descending channel after bottoming with tweezer top candles on a large support level followed by two bullish engulfing candles through two levels of key resistance. The next move after a potential consolidation will take us to the next resistance level at 30c followed by a break towards the larger macro trend line that has formed since February 2018.
BTC Massive challenge to the Bulls, proven chart says breakout!Here we go. We've been waiting for this breakout chance since Fall.
**Please see linked ideas for context regarding the Summer DownWedge and Purple Dot Uptrend.**
The still young Purple Dot Uptrend after the $6,500 bottom versus the 200 Day and $9k resistance. A Bull win here would be huge, and would reconfirm the bottom. I still do not expect to see a break straight through the 200 day, and if it happens, expect a sharp drop at $10k back to $9k or even $8.5k
If we see a major failure here, expect the next brief support at $8500 and strong support around $8200 (The D Trend plus 100 Day) I doubt we lose $8k again.
My prediction is a brief failure at the 200, a bounce at $8,500, and back through the 200 Day to about mid $9k. Any failure and we'll rely on those various support just below which should launch BTC upward, thus my Long strategy. If its a short failure with a retest of the 200 immediately after, expect a major breakout. A collapse below $6500 is very unlikely so I'm not trimming anything.
LONG - BAT - Trading OpportunityLooking like consolidation is about to be done, and rounded bottom looks almost completed, getting ready to rally towards next resistance
Entry: 0.00002528
Target 1: 0.00002711
Target 2: 0.00002918
Target 2: 0.00003177
SL: 0.00002388
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
XLNX Bottom Formation StrengthensXLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
LONG - MATIC - Trading OpportunityPrice going for a set of lower highs while starting to do a few higher lows recently. Price range tightening and looking like we are close to a breakout.
Entry: 0.00000192
TP 1: 0.00000212
TP 2: 0.00000232
TP 3: 0.00000152
SL: 0.00000184
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
MU Completing Long-Term BottomMU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
$ARWR #ARWR again , great 2019 looking this one again , really enjoyed ride , with market as it is and Spring around a corner , all cats and dogs need some fresh air ..
I personally no T yet about bottom , but looking few days of screen time showing some life here going long , p.s congrats to shorts also :P
LONG - PPT - Trading OpportunityAscending triangle on ELF and high volume, looking like a big breakout is incoming.
Entry: 0.00004170
TP 1: 0.00001311
TP 2: 0.00005081
TP 3: 0.00005470
SL: 0.00003746
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
LONG - ELF - Trading OpportunityAscending triangle on ELF and high volume, looking like a big breakout is incoming.
Entry: 0.00000722
TP 1: 0.00000783
TP 2: 0.00000827
TP 3: 0.00000862
SL: 0.00000682
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
JD Sets ConsolidationProfessional Traders are creating a consolidation for JD at a long-term bottom completion level. Heavier-than-normal large lots are on the buy side based on Balance of Power Indicator patterns.
Giant Head and Shoulder in formation on BTCBulls seem exhausted at this point, bearish short term view:
- Bearish divergence RSI
- Back under the 200 Daily MA
- Positive funding
- H&S formation target met
Mid term view:
Possible giant inv. H&S formation with right shoulder bottom target of 7450 (CME Gap)
Measured move from this formation would give enough juice to BTC to break the 10k
Long term:
After the 10K breach of major downwards trend line and opening towards ATH after halving.
LONG - SNM - Trading OpportunityHoping for another successful bounce of the MA200, Stop-loss is quite close by so it's worth giving a chance.
Entry: 0.00000133
Target 1: 0.00000146
Target 2: 0.00000155
Target 3: 0.00000170
SL: 0.00000120
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
A refutation of the $6400 Bitcoin miner bottomSo, are you ready for this beauty ?
I am aware of filbfilb's economics of Bitcoin cycles, a very famous and thorough analysis of how the halving influences the Bitcoin price as a function of miner's anticipation of their revenue cut in half for the same cost of production. However, I disagree with the premises and the $6400 miner bottom. Miners are not the only sellers on the market. Production cost is a function of hash rate. Hash rate is a function of miner optimism, which is a function of price, which is a function of market sentiment, which is a function of chart aspect, which is a function of visual representation and its geometrical proportions in relation to the brain's perceptual cortex.
If people don't like the way the chart looks, they will not buy and thus demand will drop . Simple as that. It won't matter that halving would have reduced the supply, people will not buy if the geometry of price action looks bearish and so demand won't be there to cover miners. What that means for miners: at some point after the halving, they'll have initial production cost above market price, which will cause many to go bankrupt, hash rate will drop , difficulty will drop in response and remaining miners will regain profitability again. Equilibrium restored below $6400.
Until next time...
