ETHBTC Traders - Time to dump BTC & buy ETHIf you are an ETHBTC trader, its time now to dump BTC for ETH. Current area within maximu 5-8% is expected bottom for now.
Upside Targets as per the Green Zones above.
Btceth
(!) Bitcoin – It doesn’t get any more exciting than this!In one of my previous posts “ Recognising trend reversals in Bitcoin ” , I showed you how you could call the trend reversals in Bitcoin as soon as they occurred. This by relying on Heikin Ashi candle trading, which is a slightly different way of charting than regular candles.
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Sidenote on Heikin Ashi (feel free to skip this)
The difference lies in how candle sticks are calculated:
Close = (open + high + low + close) / 4
High = maximum of high, open, or close (whichever is highest)
Low = minimum of low, open, or close (whichever is lowest)
Open = (open of previous bar + close of previous bar) / 2
FYI: A doji candle is a commonly found pattern in a candle stick chart, characterised by being small in length - meaning a small trading range - and with an open - and close price that are virtually equal.
FYI2: A spinning top is another Japanese candle stick pattern with a short body found in the middle of two long wicks.
FYI3: Heikin Ashi candles can be found in Trading view under the candle stick section and by clicking the 4rd option; these work somewhat differently than regular candle sticks.
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I showed many examples in the Bitcoin graph, so that you can apply them yourself.
In that previous post , I showed you guys that there was a negative trend reversal in 5 on the chart back then ("2") in the new chart - see below:
Graph today:
Before reaching that point, I also showed how you could have called the bottom, in this post .
Anyway, your mind is probably racing now with that one single question - OK, BUT WHAT THE HECK IS HAPPENING NOW?!
Well, we have been testing this bright green resistance line a couple of times now. And this time - let's call it the third time - we want that third time to be the charm.
We are bursting into the position where the big downward trendline in yellow, and the bright green resistance are crossing, and all the Heikin Ashi candles are still tell us that we can keep going. We are seeing NO DOJI WHATSOEVER, for now. AND, if we have a break-out, we are also crushing that inverse head & shoulders neckline resistance. That would be a major bullish sign - with a target at $15,6K more or less.
We have RSI and MACD going in our favour.
Note that we are not in the clear YET, we need a break-through. Otherwise we can fall back to $10,5K or even lower. So keep your eyes open on that breach and on any dojis coming to ruin the party. Also, volume is trending a bit downward, we need volume!
PS: if we zoom in on the chart to the 1-hourly, then we see, even on that level, that the chart is still making green candles towards that zone of truth. It will be very exciting to see how this pans out.
Please do not consider this as any kind of formal investment advice - DYOR and best of luck in your trades and investments.
Feel free to follow on Twitter for the freshest updates.
BTCUSDT - LOOKS BULLISH According to the ICHIMOKU cloud BTC is still bullish and to confirm ichimoku cloud theory, i have added RSI, that is also BULLISH. Please hit "LIKE" to support, Thanks!
Signals:
1. Prices above the cloud are considered Bullish trend
2. SenkuSpan A above SenkuSpan B considered Bullish trend
3. Lagging Span also on up move Bullish
4. RSI confirmed ICHIMOKU prediction. Also Bullish.
5. its BTC 4th attempt to cross the resistance. Finger Crossed
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
Follow us: Investopedia on Facebook
BTC-ETH bounce from support?Hey guys. just quickly looking at ETH, After this push retraced down to the 50% on fibs where also there is major support also at the 833540 statts. RSI looking good.
Stop loss on the 61.8
4hr chart..
ps. first time posting a chart please give some feed back :)
Thanks guys.
Josh
(!) Bitcoin 2x Inverse Head & Shoulders ((1)55% profit potent.)People have been wish-ful-thinkingly seeing a very early inverse H&S on Bitcoin for some time now, but that very inverse head & shoulders really seems to be forming that last shoulder. Given the difference between the left shoulder and the head being around $4K, and the neckline around $11,5K – this would give us a target of $15,5K for this inverse H&S.
Note that if you want to trade this inverse H&S and want to do it by the book, you wait until break-out confirmation above neckline 1. Alternative entry points are when price bounces back after that initial break-out, but those are more complex and require more patience. Volume might also be massive when such a break-out occurs, so who knows BTC doesn’t even go for a retesting of that neckline (but I think it will).
So that’s our inverse head & shoulder number 1 – with target at around $15,5K which also coincides with the 23,6% Fibonacci retracement level.
The potential party isn’t over yet however – if you look at the chart, you will see a second left shoulder, the head, and if price would be bouncing around somewhat between neckline 1 and target 1, we have a right shoulder as well. In that case, we’re not speaking about 55% profit potential anymore, but $23-24K for Bitcoin or more than double the price now. We would have to wait to beyond May however for that to occur. But who knows, maybe mid-March we’re already at $15K, and you’d probably be glad already ;)
So, what do you think?! ;-)
Bitcoin - H&S pattern? Pay attention to BTC
More and more it looks like bitcoin will lead the next surge in crypto
Valuing Bitcoin in other crypto from top 10 we can see that XRP/Ripple is looking oversold.
BTC – An exercise in recognizing trend reversals in BitcoinHi guys, welcome back for the big crypto show – today’s edition.
In this post, I want to focus a bit more on how you can be attentive to potential trend reversals , via a method I’ve been using in some of my previous posts: the Heikin Ashi candle sticks, and more specifically looking at the Doji / Spinning top indicators.
FYI: A doji candle is a commonly found pattern in a candle stick chart, characterised by being small in length - meaning a small trading range - and with an open - and close price that are virtually equal.
FYI2: A spinning top is another Japanese candle stick pattern with a short body found in the middle of two long wicks.
FYI3: Heikin Ashi candles can be found in Trading view under the candle stick section and by clicking the 4rd option; these work somewhat differently than regular candle sticks.
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A previous post that is another good example of this is the one on ADX or the one on Cardano .
First off, always best to start by drawing your overall trend lines, as well as your Fibonacci retracement levels.
This way, you will also likely notice that these doji candles have a tendency to occur near resistance and support areas . This is quite logical, as we typically find a support somewhere so that we can lift off again from that point. However, even though likely straightforward now I mentioned it, it is a reflection that is not made quite often.
For example, have a look at “1” on November 13th, near the red support line, we see a red spinning top popping up, signalling a POTENTIAL trend reversal . Two candle sticks later, the trend reversal is confirmed by a break-out of a previous resistance level (cf. Candle stick “C” breaking through the light blue horizontal resistance line).
Now, the somewhat tricky thing here is that these dojis and spinning tops can generally mean two things: i) a pending trend reversal; ii) pure indecisiveness on where price should go next.
To illustrate this, I highlighted some dojis that tell us there is a trend reversal (and remember that confirming a reversal via a break-out is crucial in that regard), and I highlighted some that merely show temporary indecisiveness before price continues in a given direction.
Numbers 2 & 4 are clear examples of trend reversal indicators near a resistance (in case of number 2) or support (in case of number 4, where the preceding candle actually touched the longer term support line).
Number 3 is a good example of sheer indecisiveness & nothing more.
Now the big question is of course: what’s happening in number 5!?!?!?! We have just broken the red line as resistance & are likely going to have it act as a support in the short term. Moreover, the spinning top actually formed right on the Fibonacci 50% retracement level, which also acts as support.
If you paid close attention to what I said here above, you know that dojis either will mean a trend reversal, and then we will have to wait for a break-out confirmation (and if that happens, best to get out in time), otherwise, it might simply be short term indecisiveness before continuing the move. Given the recent strong upward move of Bitcoin, the latter is definitely not an option to be left aside.
Finally, if we look at RSI: the upward momentum got curved down a little bit. MACD on the contrary is still moving upward. As such, we are getting mixed signals, on the daily chart at least ;)
Note that this post is not intended as a full price analysis of Bitcoin. It mostly aims to provide you an additional tool to apply in the future! Moreover, it is by no means intended as formal investment advice.
(!) BTC - CRUCIAL remarks on current Bitcoin priceHi guys, in my previous post , I guided you all the way to and through the break-out and what we were looking out for. I now want to point your attention to a couple of CRUCIAL things that you have to be aware of. I will continue explaining the chart with Heikin Ashi candles – if you read my previous post you will probably already know how it works, if not no worries I’ll re-explain very quickly where possible.
1. The daily chart
Compared to our last chart before the actual break-out, I argued we needed to break through the white “3” resistance line and the inverse head & shoulders neckline (see 4-hourly chart). In the mean time all of that happened and some of us already have a smile on their face ;-)
Previous chart before the break-out (last post):
Now, look at the RED line (“3”) and how BTC is banging against the red wall. This is an important resistance line as you will also see occurring on the four hourly!
What else: the MACD made a beautiful golden cross and RSI is showing positive momentum.
2. 4-hourly
Have a look at this chart. Most important remarks here: the green Heikin Ashis have evolved into a red doji candle . This is a trend reversal! (doji / spinning tops in Heikin Ashi candles are typical for trend reversal signaling). Price indeed hits the red resistance line as mentioned above, and is bouncing back down! This is the start of a down movement on the 4-hourly.
And this is c onfirmed by the MACD (blue will cross red and come under it), RSI is overbought and curving downward . If you want to take some profit and get back in later, now is the time . We typically woud wait for at least one red candle though to confirm breaking this short term support.
3. The weekly!
Now it gets interesting. We see all the same lines as above, but zoomed out on the weekly chart. Once again, we see a Heikin Ashi spinning top, hinting to a potential trend reversal ! We see that a death cross was made in the MACD before and we have experienced that in Bitcoin price in the last weeks. Now we see that RSI is curving up and who knows we might even see the blue line of the MACD curving up to bring back the real bullish momentum.
Very important: If we can get a green candle on the weekly, we might be in for a bullish treat soon.
Conclusion: review these three levels of detail: the weekly, the daily, and the 4-hourly.
The 4-hourly shows us a bounce back downward in the short term.
The daily is struggling with the red resistance line, which is a strong attention point.
The weekly is craving for a green candle, which would theoretically be quite near, based on the Doji and be a signal of some real bullish momentum.
5 important cents on Bitcoin ;-)
BTC extremely bullish on the daily, but: dancing on razor's edgeLet’s keep this one very simple will we. We are all wondering where Bitcoin will be going and we are getting mixed signals from our friend for the time being. I just wanted to lay out the playing zone a little and highlight some details to pay attention to.
If we look on the daily here, the MACD couldn’t be more bullish, just making a golden cross , potentially hinting to tremendous upside.
But (!), if we look at the weekly , we see a somewhat different picture painted there, the MACD has just formed a death cross , and yes we have already seen quite some downward price movement upon that crossing. (don't mind all the drawings on the chart, just look at the MACD :-) )
Is the pain over?
Crucial support levels:
—> If we look at the chart, we can see that we have hit a strong support line on 04/02 (“1”) . The outlier in the price that day really hits that level (not the blue Fibonacci, but really that trendline. ( $6300-ish, bluntly speaking ).
—> The line just beneath it ("2") provides an even longer term support , and if price breaks through the line through 1, we might expect to touch upon the 78,6 in blue first, after that, we’ll have support on the lower white support line in “2" ($4K-ish).
Crucial resistance levels:
—> The downward trend channel with resistance line “3” is where Bitcoin should try to break through to end the current downward movement.
—> We also see the 61,8 dark green Fibonnacci line acting as a resistance.
—> If BTC breaks through, we can expect upward movement to 50% Fibonacci (target +-$11K) as new resistance.
—> Note that line 4 will also act as resistance in a later stage.
Conclusion:
- If we look at the 4-hourly, we see some downward movement to happen first (MACD), but this already happened to some extent.
- We also see something resembling an inverse head and shoulders (!), if the neckline there is broken, we can expect some nice upward bounce! (almost horizontal white line between 1 and 3)
- If we look at the daily, we have a golden cross in the daily MACD , which is very bullish, also the CCI is nicely curving upward .
- We need to break resistance line 3 here, as well as the Fibonacci 61,8 to confirm bullishness!
- The weekly still shows downward pressure, we have to keep an eye on the evolution there!
So: inverse H&S on the 4-hourly, golden cross on the daily as well as some crucial resistance levels to tackle, and the sword of Damocles on the weekly! That's what you have to keep in mind when doing all else in your analysis.
Consider it a quick bedtime story, cause in my time zone, it's bed time! ;-)
PS: this post should by no means by considered formal investment or speculation advice
PS 2: happy trading/speculating/investing!
btcusd Tether fake pumps bursting Tether Bubble bursts will most possibly continue.
Bursting bubbles usually brings price below the values when pump started.
$700Million Tether were "printed" between January and November 2017
omniexplorer.info
$700Million fake Tether coins pumped only in December 2017 pushing price from 8000 to 20000.
Next $700Million were in January 2018 trying to hold the bubble at least above 10000
omniexplorer.info
If 7500 Buttom holds we will reach 15000 till August
In case $6500 bottom would be the minimum, then 10000 would be available in August
But I am pessimistic that the worst case would be with $4000 as minimum, which is corresponding the real price of bitcoin without tether pumps
This is then a normal linear grow and no more parabolic but still 10% per Month, which is huge in compare to any stock in usual markets and forex.
ETH - The Perfect Hedge Against BTCs Decline!ETH is proving to be a STRONG hedge against the current BTC drop. We're only on Elliot Wave 2 (finishing up) and momentum seems to be above average. Take note that the volume has substantially decreased, but not enough to keep it from breaking past the .236 fib @ 1212 sats.
MACD indicates that the move is still looking bullish without any clear indication towards a correction. Once the2nd wave correction does occur, it will retrace 20-30% before moving upward towards the ATH @ 1535 sats. IF (and that's a big IF) the momentum and volume does increase in the next few days, along with a bounce of the NEW support line at 1535 sats, we're looking at a new market altogether within this exciting, yet highly uncharted territory.
ETH seems to be a beaming light of hope at the end of what seems like a never ending BTC battle between the bulls and the bears.
Ethereum will kick bitcoin from his throne this month!Good day all! This chart is simple, but shows perfectly whats currently happening.
Everybody talks about a crash, no it just healthy correction. The king will be beaten by Ethereum and after that we have a stable market again! And guys this is great! We have problems with the bitcoin, it's almost unuseable, because of the high transaction fees and slow transactions.
The segwit update was the solution to this. Unfortunate it didn't happen. On the other hand we have the huge competitor ethereum. Ethereum is steady developed, continue developing in the future and have big updates comming soon.
Pro's for ethereum:
- Lightning network is comming;
- Proof of stake is comming;
- Most of the ICO's are on etherum;
- Almost all coins can be traded vs ethereum;
- There a lot erc20 exchanges, for example the new one from bitfinex ethfinex.com.
I see absolute no reason for the need of bitcoin, ethereum have way more potential and will be more steady, because of the future development. I also expect more exchanges will trade vs usd in the future, what makes all coins less dependend of bitcoin or ethereum. This is great!
BTC BullpornBTC is dead and going to zero 10k edition.
Don't miss out on my ETHBTC flippening trade, linked.
BTCUSD Going to 10K and belowMore companies are leaving BTC as the market shows it failed its proposal of becoming a new type of money. The blockchain still continue to grow and evolve, specially with the ETH development teams all around the world. We expect BTC, which is already obsolete, comes to lower levels than the new emerging and better proposals of virtual economic assets. Specially the ones that have real people (with faces) behind it, are not competing with the current economic system, but presents new technology proposals for money and assets exchange. 2018 is the year where Blockchain is gonna consolidate as the future of decentralized and bullet proof money exchange method.
Bitcoin adventures - long or short? Time to go back to the basics and apply the KISS principle. Bitcoin is having great adventures again, but what can we expect going forward - just a quick 5 - hopefully educational - cents to complement other authors' analysis.
Here above a relatively basic chart on the daily tells us a couple of things:
--> The MACD is nearing quite the bullish cross . Every time this happened in the past, a nice gain followed.
--> The RSI is generally aligned with the MACD , it shows us relatively clear confirmations of the buy signals. Also in this case.
--> CCI is not shown but is in line with the RSI (currently quite strongly in the oversold region)
--> We are at the lower end of the Bollinger bands (but note that the lower boundary of the band is still in a negative trend)
So... The daily chart ALMOST tells us to buy (not yet, but we are close). BUT: important remark: we also have to look at the weekly chart, and... that one tells us a different story! The MACD there is currently closing quite the death cross , and we are just above the half line of the Bollinger bands, which would imply more room to fall is not impossible.
In general, I would assume that this could more or less be translated into: some more blood, then a nice upward recovery, and then some more blood. Also look at how the Fibonnaccis interact in this story. On the daily, the 50% level was tested yesterday. Today, we see a test of the 61,8% level . Probably the most prudent way would be to start accumulating a position gradually, taking advantage of any further dips (or if the trend starts to show us clearer skies, on the dips in the upward channel), but remain somewhat at the sidelines, keeping dry powder. Especially for the ones intending to hold for some time.
Note that this is by no means to be considered as formal investment advice
Bitcoin - what's next? Pitchfork analysis showing playing fieldWhat’s this? —> “Pitchfork” analysis of the playing field for Bitcoin’s next price levels + explanation of historic movements based on that same fork.
We can see that the pitchfork can provide us a bunch of information on the pricing evolution, resistance & support levels and so on. Top that off with a nice Fibonnacci retracement scheme and we can start explaining the movements on the graph.
For the interested: some examples are shown in the graph! Have a look and you can see it providing us a lot more information. Mid November, you can even see one candle stick testing both Fibonnacci resistance and support!
Examples for the very very interested among you:
- The lower pitchfork line shows us a strong line of support in the upward trend channel from Sept – Dec: price even falls through for a second, but the pitchfork does its work and price gets back in.
- We see the forks acting as resistance in the first half of the graph, being easily broken by the price movements: Bitcoin bull on a rampage
- After the top, we see them taking their support role, protecting Bitcoin from ca crazy crash. The bitcoin Bear is currently playing with the 0.382 support line. Know that the graph typically likes the 50% so if something bearish triggers downward movement, we are highly likely to hit that target.
- In the mean time, we see the lower pitchfork working as support, we see that the 50% line was briefly touched upon mid December and we see interesting stuff when we combine the pitchfork with Fibonnacci… A fibonnaccious pitchfork story.
What does this mean for our trades:
--> We actually have to keep very attentive to whatever happens next, it can play out either way.
--> We do see a short term bullish reversal in the penultimate candle stick (the red one, where you can see the smaller part of the candle doing a “low test”, setting the tune for the next (green) upward candle. That one also shows a low test, so we could reasonably expect more upward movement first.
--> Apart from that, look at the support lines in the graph, they can help you in determining whether to buy or sell going forward.
BTC -> ETH FLippening - WHENETHBTC can reach for flippening following new ATH. Even 35% further upside possibility
Will see within 1-2 months
What is Ethereum doing ??What is Ethereum doing?
I'm evaluating these two markets (ETHUSD & ETHBTC) in one post
And the violet price line in the background is BTC
In the 1h chart we are seeing something cool
ETH for the breakthrough of its second max
ETH for the breakthrough of its second min
Kindof looks trapped in the corridor
These guys seem Ethereum's new bff also
Of course they appear only in the ETHBTC chart
& not very much in the ETHUSD chart (bachground)
Thus its not a very clear signal
Then in the 4h chart we see a more relaxed story
Setting new local min and max
Nothing seems to explode in the near future
And the 1D market more relaxed still
But...
Considering context, always consider context
This may be another page in the story of ETH price
3 bigs tell me this:
Big trend change
Big volume rise
Big price shoot in USD market
And, less important
So
In the end
What pattern will the market obey?
ETH in a new age of uptrend or
ETH just in a normal hiccup
Probably none of these, beauty of it, the market doesn't obey
Not this market at least
Just keep an eye open
Bitcoin above 6000 in 2017. PROVENSorry that you missed august 20.
But for once try right click on the scale "Y-axis" in my chart and select "LOG scale", please.
THIS reveals 6000 was nothing for BITCOIN. And check out how silly the bear pitchfork trend looks then4real. Cant even fit no lambo in there
BTCETH hit massive support and turning around.MACD is turning. ETH has been on a long road down, and ready for a reversal to follow bitcoin to a new ATH.
