Btc!
#bitcoin when to buy made easy. Not advice. D.Y.O.R.First thing you need is my custom MACD (6, 13, close, 31). Then just use signal line. Mark all first days up from a bottom with light blue vertical. Then set up RSI use default. Have marked with purple vertical when big drop in price touches lower green horizontal level. Only one allowed (I guess) between two light blue verticals. Once you done I looked for two fractals, the last being a lower low and boxed in orange. I then took the first light blue vertical after that, and the high of that day was the significant resistance to break with a close above it. Simple but deadly. Watch out for whipsaw. Not advice. DYOR.
Would love get excited bullish signal This one waiting breakoutAll details on chart. Go with breakout but watch for whipsaw like in Dec 2018. Not Advice. DYOR.
Bitcoin Aims At $4350+ With Highest Volume Since Dec.Bitcoin finally decided which way to go, and that's the way of the bulls.
Please allow me to entertain you for a few minutes and let's look at some of the signals coming from the charts:
1) A strong green candle broke through EMA10, the main resistance to break to change from bear to bullish potential, supported by big volume.
2) Today Bitcoin is seeing its highest volume since December when it had its last bullish wave.
If this momentum is to be maintained by buyers, I expect Bitcoin to go as far high as its last peak, which sits at $4384.
3) The next challenge to break is EMA50 (magenta line), which held Bitcoins price on the way up.
Additional bullish action is expected.
Conditions for change: If BTCUSD price moves down and closes below EMA10. The above signals are invalidated and a new analysis is needed. Bitcoin would be back trending bearish-sideways if this scenario plays out.
What's your take on Bitcoin's next move?
Let us know in the comments section below... And before you go, let me share a message for your entertainment and fun.
GROWING LIGHT
Growing with light, within light is what we all are.
Growing in this life with light, as we experience our own great intelligence and might.
Growing light...
Growing in this life full of light.
Namaste.
DIAMOND BOTTOM REVERSAL PATTERNDiamond Bottom is considered a bullish signal indicating a possible reversal of the current downtrend
to a new uptrend.
Diamond patterns usually form over several months in very active markets. Volume remains high during
the formation of this pattern.
The Diamond Bottom pattern occurs because prices create higher highs and lower lows in a broadening
pattern. Then the trading range gradually narrows after the highs peak and the lows start trending
upward. The Technical Event occurs when prices break upward out of the diamond formation.
The inbound trend is an important characteristic of the pattern. A shallow inbound trend may indicate a
period of consolidation before the price move indicated by the pattern begins. Look for an inbound
trend that is longer than the duration of the pattern. A good rule of thumb is that the inbound trend
should be at least 2 times the duration of the pattern.
Target: measure the distance between B and C point,if the distance is 73% after breakout from D point the target will be +73% potentially profit
Hit the LIKE button if you want more educative charts,
Symmetrical triangle in Bitcoin chart, decision moment! BTCUSD We see a new decision moment is building up in the charts, the symmetrical triangle.
In the coming days we will see a bigger move. Up or down. Keep an eye on it!
Volume is decreasing so in my opinion we'll see a movement down.
That green part is a major support.
Thanks for reading and don't forget to leave a like!
BTCUSD in the Bitmain Board Bomb: Bitcoin Bulls BatteredBitmain Board Bomb
this is Speculation Utter not Accusation.
this is Disclaimer Replete any Assertion.
this is Analysis of Events as Causation.
Nothing More.
Bitmain was Born with Bitcoin, it thrived in the Bubble.
Bitmain has Lost much Money, it conspired in some Rubble.
Bitmain has Lost its very Head, it has acquired Trouble.
the Board is moving People and Powers.
the Board is closing Mines and Miners.
the Board is losing Faith and Followers.
it was to be the Apple of all Crypto.
it was to be the I P O of the Decade.
it was to be the King of all Kings.
Jihan was the Man, the man with the Plan.
Jihan met Ver, other man with other Plan.
Jihan bet BCH, other coin with new Plan.
Jihan lost his Job, Ver lost his Bet.
now they say Bitmain has much Debt.
now they say Bitmain cant pay Bills.
now they say Bitmain might not IPO.
the Bomb was surely Inevitable.
the Bomb hit during Unstable.
the Bomb will be Memorable.
so some Investors pulled their Fare.
so some Traders pulled their Hair.
so some Brokers pulled their Tear.
the News made the Impulse.
the Splash made the Ripples.
the Time made the Waves.
we can see the 123 and 4
we can expect soon the 5
we have a Last Line of Hope.
but we need a New Reason for Return.
cuz we know Those Bulls cant Return.
thus we wait the Return of the King.
Long Live the King
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Ordered Chaos
every Move is born with an Impulse, like a Pebble into water.
every Pebble bears its own Ripples, guided by a Golden Ratio.
every Ripple behaves like the one previous, setting the Pulse.
each Line adds to Gravity.
each Line must be Tested.
each Line has some Aspect.
2 line conjunction is Dependable.
3 line conjunction is Respectable.
4 line conjunction is Worshipable.
every Asset Class behaves this way.
every Time Frame shows these ripples.
every Brain Chord vibrates the same.
He who Understands will be Humble.
He who Embraces will observe Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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.
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want to Learn a little More?
can you Spend a few Minutes?
click the Links under Related.
#bitcoin the VIX set to make or break bulls maybe here's whyMy first go using VIX the fear index as bitcoin thrives on fear. The key is the Williams Fractal. For each confirmed fractal top I marked with a red vertical if the VIX went negative, and green the reverse. I then looked for support and resistance patterns. White horizontals are my current levels of interest in this first study. NOT ADVICE DYOR
Here is the study in reverse doing it with fractal lows
Head and shoulders patternA head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.This neckline also is a support line of this pattern,when will breakdown we will have a short swing trade oportunity
Would You Like to Get Financial Independence From Trading?Let's make this post for discussion and sharing your ideas, thoughts, and experience if you have, how to get financial independence from trading. Please, be active and take part in the discussion.
Several days ago I posted polls in my social media to see, what do you think about financial independence. The main question was: "Would you like to get financial independence from trading?" with two options "YES" and "NO". And I was a little bit surprised by results.
One audience replied like this:
87% - YES
13% - NO
Another audience replied like this:
84% - YES
16% - NO
So, I was surprised by 13% and 16% numbers. From my point of view, financial independence = Freedom. You can do what you want, spend your time as you want and be independent. You want to spend more time with your family - you can do this having financial independence! You want to travel - you can do it! You want to focus on your hobby - why not!
Trading in the financial market allows to get financial independence much faster and with fewer efforts if compare it with real business - mainly.
I respect all opinions, and if you think that you don't want to get financial independence, I will be very interested in understanding your position. Why don't you need this?
Let's discuss it and also let's consider what do you need to do for reaching financial independence from your point of view. Please, share your ideas in comments!
#bitcoin time to sell maybe#bitcoin using Custom MACD (6,13, close, 31) see blue columns above & pattern only 2 occasions this year. So trend line holding up but in absence of my other signals I got to go with the 31 Dec close which ended lower than 30 Dec open Not Advice DYOR
#bitcoin significant trend line established key support maybeUsing studies of Wiliams Fractal and my custom MACD (6,13, Close, 31) colour marking moves of all its constituents for clues. Not Advice. DYOR.
Biggest threat to bitcoin in January could be e.g. "CBOE Ten Year Treasury Note Yield" (TNX) complex. Big moves have affected bitcoin at significant junctures in the past. If its volatility can be contained sufficiently that would be great maybe.
The Gann Fan- A super simple guideThe Gann fan can be a powerful tool, here is a super simple introduction on how to use it.
Use the angle tool to draw a 45 degree angle, ideally from a local low to a local top or visa versa, go to your chart settings and lock the price/bar ratio so that when you zoom in and out the aspect ratio stays the same and so to does the 45 degree angle. Draw the GANN fan down from the the two points connected by the 45 degree angle...study how the price action interacts with each diaganol, enjoy.
#bitcoin signal patterns of Williams Fractals lows using MACDSmall sample study Williams Fractals (Consecutive fractal lows = Orange box) using custom MACD (6,13, Close, 31) Log Format. Sample picked where no breach of consecutive fractal lows followed by - White verticals = blue MACD flips up; Purple box = orange signal flips up; Yellow box = blue MACD flips down. If White horizontal break then bull over maybe. NOT ADVICE. D.Y.O.R.
ConfluenceThis is an untouched glance at what I look at from time to time, and today on the darkest day of the year I'm going to talk about confluence. Confluence is just when a series of factors align, and in the TA world it's just when your personal suite of indicators and signals aligns with your strategy.
In this 1h timeframe slice of the 'blue chip' of the crypto markets we can see that price has broken a trend line, an Ichi structure, and the relative Bollinger basis. The red line below marks an S/R flip from the previous dump, which has confluence with the Fibonacci retracement AND the relative Kumo.
It's not exact, but nothing is.
Anything can happen, confluence is just something to utilize to bolster strategic edges and generally discern R with a sharper eye.
If you put $1000 into Bitcoin last year, you would now have...Sorry for pooperino sounderino :(
If you put $1000 in Bit-con 1 year ago you would now have 170$ :)
Happy anniversary ATH Bitcoin ponzi.
How normal markets behave:
How a ponzi behaves:
So unlike normal markets here we have:
* Negative sum (FX null sum stocks positive sum)
* The whole system depends on miners which either: A) Get paid in crypto for running the system, that they sell and drop the price. B) Get paid in crypto for running the system, which they hold greedily until they have a fat stack that could single handedly crash the entire system.
* 99% of crypto existance is based on exchanges. Bitcoin was nothing before MtGox. People go to crypto exhanges to buy and sell. Unlike normal markets, these exchanges ar enot neutral. At all. Arthur Hayes is a crypto early investor and "believer" for crying out loud. They hold bags and have a 100% full clear conflict of interest. Also, if this ponzi collapses, their businesses likely die (unless theystart diversifying quick but all these names... like they can all make the transition to Forex or something else). The people running the show are dependent on it not crashing, or as slowly as possible. They are not regulated too. It is in their interest to keep this alive as long as possible.
WHAT COULD POSSIBLY GO WRONG? :D
Leprous - Contaminate me. Coldplay - Fix you.
Bitcoin Whales And Their Bots Controlling The MarketA few days ago i said i would make an educational analysis about that pattern i saw a few days, something i have seen many MANY times this year. Especially since May until September this year. What do we see here:
After breakouts like we had a few days, where we see a squeeze up happen within 1 or 2 minutes, then we see a dump happen just as fast and usually around 50% of the up move. The most important factor, is the speed of the push down. These are bots in action because nobody can react that fast AND feel so confident to push the price down during a squeeze up, unless you know you have unlimited funds and volume to play with. The only time i know they failed, was in July, when the 6800 broke and we squeezed up to the 7.500. If you remember, i mentioned that several times, because since that moment, it took a while until they showed up again. There were around 200 mil contracts liquidated that day :)
After the push down has been made, we usually see a small bear flag forming, like they are getting a feel of the buying pressure of the market before they start to make their second push down. A few days ago, the buy volume was probably still too strong to we tested the high again, something that didn't happen earlier this year. So there is a slight change in that pattern.
Today's move, which i warned for yesterday was only a 30/40 point move up. But the push down fits the profile i described. And since we are at lower prices now, it might be fair to assume they are at it again.
What and why do they do it.
Why? They play games with over leveraged traders. We always get these obvious resistance or support levels. If it's a bull or bear flag or trend line breakouts. So many traders who are breakout traders go long at these highs while THEY have their short orders already in the book ready to get filled. Then they push the price down just as fast, putting these bulls under immediate pressure. They wait and see a bit how the rest of the market reacts, if they see buying volume dropping, they start to push the price down even more.
Because they trapped these breakout traders, they use THEIR volume as their own, because as soon as these over leveraged traders start to get in a loosing position, they will cut their losses and start to sell as well (or get liquidated which has the same result). So creating volume (fuel) for these whales. And if the market is not strong enough to catch the volume of both of these sellers, we start to see those Bart moves and the market starts to drop again.
You probably remember this chart i showed a week ago, before that move up happened and dropped again. This is a bigger version and a different pattern but it's the same tactic. In case you wondered how the hell did i know it would move like that, well know you have your answer :). Of course it is an assumption upfront and it's not that easy, but it does increase your odds in trading when your aware of these kind of things.
If i get a big support for this educational analysis through likes, i will make a part 2 and will show you examples of these patterns. It takes me many hours to make these kind of educational posts, so i will only continue when i see enough people find it interesting.
I also still have that long term (with log trend lines ) educational post, i am half way but still needs a lot to complete it. I might post that one as well in the near future. Maybe some will finally see and understand the false preferences most TA analysts tell you. Not on purpose, they simply don't know any better. Now i don't need to prove my right with this and i won't even try, it's up to you to make your own conclusion. But i think the fact 90% of retail traders looses money in the financial markets says more than enough. The chart is here below, probably finished but i might still adjust it a bit
I can see only 1 solution for this manipulation, that is combining the volume of all exchanges in 1 order book. Because then they would much more volume to push the price around. Now they only need 1,2 or 3 exchanges and the rest will follow since there are so many bots reacting automatically. Combining all the volume , would make it MUCH more difficult to control. Not impossible, because the same manipulation happens on the normal markets as well.
So in other words, the decentralization of crypto is actually biting it in it's own ass when you think about it. Very unfortunate, but it's the hard truth.
Please don't forget to like if you appreciate this :)
Previous educational analysis:
If this is a perfect system .............. if blockchain will keep getting those eliptical moves in long term , we can see a final last down move so the story can move to higher targets.
Just saying .. if Bitcoin will keep in this eliptical pattern in up overall , we could see some very highs in 2020 when this next spike coincide with bitcoin next halving reward year ...
PS : Expect for a quick and nasty final move in which bitcoin will kill other alts and start regain dominance and FOMO into his ass :)
#bitcoin trend or end of trend using MACDStudy MACD 2018 (Only when signal lines < zero) Mark: all 1st 3 pinks in Histo white; all 1st dys up in Signal Line brown; all 1st dys up & down in MACD blue Take 1st brown vertical after white & box volatility between candle before & after in orange Close breakout can signal trend or near end Not advice DYOR. Could try and refine using MACD blue verticals and including other brown verticals. Have edited them out to keep it simple.
