Hardcore Technical Analysis...Let's Dive Deep!Ok guys, according to the art of war written in 1929 by the legendeary painter Peter L. Brandt you should buy green support and sell red resistances. Good luck fam.
Red Boar (EZPZ)
Btc!
Xlm the second countcount 21 of 2
It's still in a regular ABC correction from the 1st wave & wave 3 is about to start. Trading in a nut shell = right about direction, but stopped out repeatedly from fear, bad ta, & over leveraged before the big move. Investors scale in and beat your a$$
Previous set up was beautiful but alt szn has not started yet and btc is still dragging them around from correlation.
Lets get complex and learn!
Ill update a thread with intra-day trade on my twitter in tv bio
Xlm 2 more counts.count 1 of 2
extended 3rd wave scenario w/ and complex sub-wave 2 structure
Previous set up was beautiful but alt szn has not started yet and btc is still dragging them around from correlation.
Lets get complex and learn!
Ill update a thread with intra-day trade on my twitter in tv bio
Keeping it simpleWave 5 completed, ABC correction to 0.618 fib level @ ~7K range.
10k, 8k and 7k -ish buy range.
Price action hitting 100EMA could bounce off therefore 7k is unlikely but probable.
The Bitcoin speculative frenzyHello and welcome to my idea.
Since early 2018 I was following the progress of this gigantic bubble explosion in this idea:
I want to make a new clean idea now.
I have been following it closely and noting people psychological state.
Recently I check trading view homepage ideas mine are not in here, I am
pretty disapointed as I was trying to show that in these situations bears get
ridiculed and bulls "group up" on them to kick them while they are down.
I do have some content but I wanted more, so it is not only "a coincidence"
"a few bad apples". I have a great number of twitter screenshots on my PC
thought, shall these posts disappear... Also have trading view & other.
I believe Bitcoin 2019 bull market is very close to the end.
What we witnessed in 2018 was not a correction but the start
of a new trend to the downside.
While it was possible that BTC retraces to 0.382 only after hitting 3k,
0.786 was much more likely (~$13500). We got to 13000 today.
So I think the timing for this idea is perfect.
The global economy is completely insane, the FED decisions are very
questionnable, on top of that every one, completely uneducated people,
are getting into investing. The consequences are going to be disastrous.
The examples I am thinking of are:
- The mississippi bubble in the 18th century that resulted in decades of bad economy and then the french revolution ("Let them have cake" - Marie Antoinette)
- The US stock market bubble of 1929 which resulted in World War 2 ("The jews and Poles are parasites and the jews crashed the economy")
We are living at a time where instant gratification is the norm, people are more delusional than ever, and as I said, complete bubble, interest rates and bonds yields are at their lowest in human history, plus the financial world got invaded by complete amateurs.
This month, beyond meat IPO went up 300% in days. There are plenty of crazy examples.
Bitcoin is simply the graphical manifestation of the insanity that is going on.
Here is a recent idea about the Bitcoin bubble within a bubble that is going on.
And another.
We could go for an ABC as described here
Or 12345.
Bitcoin could ABC to 500$ then hoover in the 500-2000 range for a long while. It could become a currency like the other ones.
Why would it not get replaced by something better thought?
There are a few bubbles very similar to Bitcoin, but first I would like to focus on Sugar. In the eighties.
By "last time they said" I refer to what Bitcoin investors keep repeating,
that last time Bitcoin went down some people said it would keep going down and that did not happen.
Which makes absolutely no sense to anyone rational / capable of understanding probabilities / just
understand how bubbles work.
> Great accumulation bottom great entry
> 3.618 total extension, 0.618 wave 5 extension
> Up 650%
> Took exactly the same duration to return to baseline both times
> 0.786 retrace "Back to normal" or phase 6 in hyperwave terms (see bubble charts describing the "back to normal" phenomenon)
> Not completely clear accumulation, no high reward to risk entry (too many eager gambling buyers?)
> At 4.236, wave 5 between 0.618 and 0.786, I expect the top to be in that range
> Up 350% after going parabolic. Total when this is over should be around that number.
> We shall see how long to go down to 3000.
> Almost at 0.786, we probably (?) make it there?
Let's take a look at 2011-2013 "bubble". I do not like the word bubble, definitions are all bad. "Prices rise far above instrisic value". Who is to say what the intrisic value is? Demand and supply is what defines it. If bubbles "exist" as defined, then gold is permanently in a state of bubble, all fiat currencies too. Pretty much everything all the time. This is not a "back to normal", just want to look at extensions.
Mainstream media and all the people invested in it are (OBVIOUSLY for the people invested) saying this is "back to normal".
They are living in an echo chamber and telling every one how they think we are "back to normal", like we expected something else from people that bought...
I have explained how this was soon to fail and shown evidence after evidence. Facts and facts and facts, and even undeniable proof of what was going on, and have shown what always happened in history, just to be ignored or ridiculed. This time it's different.
Just got ridiculed because "it did not happen in the 2 weeks after that post was made". I am being nice, 2 weeks is more than most people attention span nowadays.
Scams can last a long time before dying, but the way things are, I doubt it will last much longer... Surely not 20 more years like Madoff's ponzi scheme.
The investors in this scam have turned insane by greed and the % move (most were probably not very smart to beging with), so this is why it is called "dumb money".
Completely ignoring facts and risk and logic...
A reason for the price to go up is "last time they said". Where some technology is mentionned and the fools that got trapped in this bubble believe that a great number of people were actually bearish on those technology (which is never the case).
I made a list of a few of what was supposed to be the "future" "just like last time they said" and just failed completely.
There are more failures than successes but we remember successes only, and people are not open minded enough and not interested in history (or too lazy or too greedy and in denial) to know that.
Besides, they always seem to mix the technology (Blockchain) which is certainly very interesting, and Bitcoin which is not very different than a ponzi scheme.
As a speculator I am trying to guess what a top could be. Momentum should slow in the 12000-14000 area and I would bet on the downside.
Price could get close to 15000, and the public go completely wild, whales would take this chance to sell their large stacks that can hardly be cashed out (we have seen sells of only 5000 spread over hours drop the price by 10%...).
It is actually not super interesting to trade for plenty of reasons, but I will anyway, for fun & education.
BTC soars as DXY plunges! BTC continues to hit new highs this year and some might have noticed that the USD decline coincides nicely with this rise.
We can see the continued move from $9,000 to $14,000 arguably has been spurred on by the strong drop in the US dollar.
Whether the trend continues to seemingly resemble some correlation needs to be seen but they are trending in opposite directions right now and might want to keep an eye out for signs of a reversal in trend
The Advantages of Price Action (Technical Analysis) Technical Analysis (AKA Price Action)
Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else.
The Advantages of Technical Analysis (Price Action)
No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them.
No indicators. All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades.
Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones."
Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news.
Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self.
If you found this helpful please like! Feel free to comment or ask questions.
The Advantages of Technical Analysis (Price Action)Technical Analysis (AKA Price Action)
Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else.
The Advantages of Technical Analysis (Price Action)
No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them.
No indicators . All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades.
Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones."
Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news.
Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self.
If you found this helpul please like! Feel free to comment or ask questions.
BTC In Wonderland Finding The Fire Station For This Fired Up BTC
There Is Idea Of Short Letter to Predict BTC . Also its your Kind donate Any Crypto to Author :-d
First Step Was Crossing The Line Border . 16640 $
Tonight you Saw this Cross Line Was Brooked By Btc Short Firing
There Is no Such Big Resistance to Setting Up Btc Place in 2 Lines
First one will Be simple
Sec Step : Will Be starting New Way To Btc of course 16500 up to 17500 . its those Step Every one Spoke About it . this Location Will be Marvelous
I am sure you hear some Perfect Trader : Are you Ready For 20 K or Lose .
Its Magical Place i want to talk , It is The best Comic Real Name : BTC In Wonderland 20 k Dreams or Reality of 60 k in 2020
Theory on Nov crash and 2019 PumpGoing to write about a theory i have on what might have been going on the past 9 months. I have talked about similar things a few times in educational posts, saying that financial markets are NOT here for us, they are here for the brokers and banks to get commission fees and intrest (funding) from leveraged traders. Just like:
Casino's: house always wins on the long term.
Sports betting: House always wins because most don't have the patience to wait for the good games and gamble preferably 24/7 (just like trading).
(online) Poker rooms, taking a percentage (rake) from each played pot (just like brokers/exchanges, guaranteed and no risk).
Sometimes doing giveaways and special things to keep the intrest of the players/gamblers/traders alive ;)
So those are not around for the gamblers/players/traders to make money. They also don't want them too loose everything, they want them to always be able to play and as long as possible to keep everything alive. Think most people have gambled at least a few times in their life and we all know the saying, beginners luck. It's as if a casino has a special radar to spot a first timer and letting them win the first time. Why? Because once you taste an easy win, you can never go back. Wise people eventually know when to quit gambling before things get out of hand. Others can never let go of that winning feeling and always hope (maybe even pray) that it will come back again (FOMO).
Now back to my theory. Think it's safe to say that crypto exchanges had an amazing year in during and since the ATH. With huge volumes all over where they were making big bucks on a daily basis. Since the failed rallies at 8500 and 7400 we can see that volume dropped a lot. The volume candles don't give the correct picture, so i wrote the volumes i remember seeing on average during those periods.
Now i can write my thoughts about what might have happened, but it's a bit too much conspiracy theory ish :). So i rather let you think about it yourself and your more than welcome to share what you think might have been going on. Of course eventually i will post my theory on this part as well later on. Only part i will say upfront, during the 3K zone, almost everyone thought Bitcoin was dead and many even started to feel as if, maybe, just maybe it was just one big hoax all along. What is general sentiment now?
Oh and before i forget, the Bitfinex/Tether (this one is maybe a bit far fetched) and the Binance hack that happened back at the 5k. Mentioned it back then as well, because we never saw any follow through on that news. Felt like it was being used to eventually short squeeze people who shorted on that news.
Please don't forget to like if you appreciate this :)
The previous post i mentioned:
Bitcoin to the MooooooooooooooooooooooooooooooooooooooooooooooonWill Parabolic SAR pattern repeat. NOT ADVICE. DYOR.
my sells and my buys for the past weekend 6-21-19 thru 6/24/19The arrows show where I sold and the fingers show where I bought back. I did okay this weekend :)
BTC in the most important RES areaas you can see in the picture, these days the BTC is facing with its most important resistance area in weekly time frame.
during this weeks if the price can breaks that, we will have a new long term buy signal! and if can't, we will encounter with the unbreakable support area at the blue zone.
Bitcoin Gold SPX DAX NI225 SHCOMP What's Cooking ?DXY Down (Good) TNX Up (Good) IRAN Not Suicidal (Good) USA No Fat Finger Missiles (Good)
Four months up in a row plus breakout - Where next?Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market.
My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward brand awareness and adoption. The authorities ultimately can control crypto liquidity and licensing. If the capitalization of brand awareness and adoption of a rival coin outgrows bitcoin you can be 100% sure that rival coin will target store of value next. For now crypto needs as much liquidity as possible to grow, and bitcoin the biggest brand name, and current bellwether of a whole new nascent industry appears too big to fail.
Bitcoin another leg down not impossible - study of shorts 20MASince peak price 2017 shorts 20 MA has only produced this trough pattern three times and on the last two it resulted in whipsaw
Scary bitcoin. Just for laughs. LOL !!!A reminder of how easy it is to make crypto look scary without the extras. NOT ADVICE. DYOR.
BITCOIN, A Bunch of SHORT-TERM Profit Opportunities$Bitcoin has just formed an almost horizontal flat channel. Both, a support and a resistance are ascending which makes this channel - BEARISH . However, we have two triggers, one for SHORT position, another for LONG, let me explain you.
If the price of $BTC break through the resistance at $8200 and takes hold above one, you can open short-term LONG position. In another case, if the price breaks through the support of the bearish channel ($7515) , you can open SHORT position. Just take a look at the chart and you will see that this channel offers a bunch of opportunities if you properly place entry orders.
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BITCOIN, Analysis According to Wyckoff Method, Must Read!The purpose of technical analysis using the Wyckoff method is to improve the timing of market operations when a speculative position is formed in anticipation of an upcoming move, where there is a favorable profit/risk ratio to justify opening this position. Trading Ranges ( TRs ) are the points where previous movement will be stopped and there will be a balance between supply and demand.
Here , within the Trading Range , accumulation or distribution develops and prepares for the further movement. These accumulation/distribution forces "create a cause" that transforms into subsequent movement. Creating the necessary strenght takes time and, since during this period price action is understandable, Trading Ranges represent really nice trading opportunities with potentially very favourable risk/reward ratio. However, to become a successful trader, you must be able to determine correctly the direction and size of the upcoming movement from the Trading Range. Fortunately, Wyckoff method offers us some useful guidelines and models which will help us to explore the Trading Range.
In our case we observe the Wyckoff ICE scheme - to fall under the ice.
The fall is a relatively wide-spread price movement, at quite high volume, which breaks through external resistance or support. The return is a test that immediately follows the jump, it is characterized by a relatevely narrow spread or rally on a lower volume, which checks and confirms the validity of the previous action of a jump.
The Wyckoff method tells us to buy on a return after an upward jump (sign of strength), or to open shorts on a downward jump (sign of weakness) . Also according to the Wyckoff method, you shouldn't buy exactly during the breakout, because that can put you in an vulnerable position for quick movements in the opposite direction if the breakout is false one.
Thus, the Wyckoff method offers us to buy on the correction of the downward movement and sell on the correction of upward.
How to use Fibonacci in #CryptocurrenciesAs you can see in the image, Bitcoin and Fib retracements are a very powerful combination. I personally only use 61.80% & 78.60% because this particular market is very volatile and prices tend to go down or up very fast. Always wait for 4H or Daily Closure and a good candlestick pattern like doji, tweezers tops, hammer. Remember that the most powerful Fibonacci plays perfectly when you are with the trend. As you can see in my related ideas, i use Fibonacci for confirmation and for correlation with my key levels.
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