Buy the dip watch it ripI started buying back my position and continue to add. Looking for a breakout to new highs
Btfd!
S&P500Purple is support. Targets in blue.
Not financial advice, for educational purposes only.
Good luck homies.
What Can I Say, Got Bored And Made A Doom Chart."Though I Walk Through The Valley Of The Shadow Of Death, I Shall Fear No Evil".
This idea is based off of the market structure in late 2014 which entails another Crypto winter,
I am also very conflicted in showing a bearish chart through May given the halving event, especially when showed the correlation between traditional markets, as well as the amount of "Quantitative easing" going on do to the corona virus.
All in all if we don't find a recovery here Hold on to your shorts folks, its gunna be a bumpy ride.
This chart is very preemptive and more or less me looking at the most bearish point of view.
(We May See Prices Above 6k Before This Drops)
That being said please remember to do your own research before investing, especially at rime such as these.
Good Luck And Safe Trading.
Something Tells Me This Correction Is Over I could be wrong, i just don't think i am.
IF YOU WERE BUYING BTC AT 10K AND NOT NOW YOU MAY BE DOING IT WRONG.
-BTFD
BTCUSD: Worst Case Bear Flag Extrapolation & BTFD ScenarioBear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI remains oversold while struggling to leave these conditions, indicating room to fall lower. Long-term time-frames say DYOR and BTFD.
VPVR Part 2: Volume Point of Control Now Turned Support
VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630
Network Hash Gives 10th Buy Signal In 9 Years
Extrapolating 2014 Correction - Could $6,500 Be The Low?
BTC Scalp Long Ideas- BTFD season Pretty sure any and all dips are for buying at this point. These two hourly Deamnd confluent with some smaller ranger Fib Retacements both look good to me. Targeting $9400 and above
XRP / BTC Potential reversal coming! What's up Cryptoland? (coolest people on the entire planet)
I have been doing som fractal comparing.
I see some similarities between 2018 Bitcoin and XRP's current state of affairs.
I totally expect another dip toward 12 cents (fueling the capitulation similar to when Bitcoin went to 3.2k)
I will be watching for it to making an accumulation pattern and higher low higher high pattern ( Just like bitcoin did) and buy when I see strength coming back.
The pure fear in this market should produce some nice profits!
(THIS IS NOT A EXACT MAP OF WHAT WILL HAPPEN BUT RATHER A POTENTIAL TRADING PLAN FOR FUTURE PRICE ACTION)
- Stay profitable out there.
- Dalin
ES1! SPX SPY, pullback time Phantom is signaling sell on the hourly and the 4hr
Possible wicks to $3159, which would complete the pending XABCD formations.
indicators used are by: @CoinObsAlgos
my 3 targets are on the chart.
Here comes the liquidity
Short fill levels in red.
VSTM - BTFD Numskull!!Capitulation dump in progress / or completed, more to the upside than meets the downside. sell some puts, and make some money! NOT FINANCIAL ADVICE
Bitcoin Now a Long on Multiple TimeframesBitcoin has a lot going for it in this price range. We're seeing bulls try to hold the lower 8k consolidation zone from June '19 (and before that, in July '18 it was strong resistance). This is generally good enough on its own for me to look for a scalp opportunity (given the right reward vs risk ratio). In addition, there is a divergence on the Daily chart William %R and price direction, followed by a higher low on both. There's also some other hints that we may be pulling out of an oversold condition. Overall, bitcoin is in long-only territory. If you caught some or all of the shorter term bear trade, great job! While 7k's and even 6,300's are on the table, the strength of a potential bull explosion here that goes on for days to weeks is too great. It is absolutely a "Buy The Dip" moment. Zoom in, find that ideal entry (or as I prefer ENTRIES/partitioned across price zones).
Shorter term target (5-9 days) is around $9,300, or the daily 50 simple moving average. The weekly outlook has the potential for $16k+, but whether or not we visit that before $6,500....hard to say.
Lower levels to BTFD If the trend lines ultimately fail along with the mid 8k range outlined on the 3D chart, these are the next areas of significant interest along with the given POC around 6k.
Bitcoin. (BTC) Correction almost over?Hey, ill keep it short and to the point. Bitcoin has been allot less volatile the last few weeks which is a sign of consolidation. As we addressed before, we are in a correction with a break higher probable in the near future. Looks to me as if we are in the last stages of the correction. I plan on going long/buying where previous support held strong within the range of 9000 to 9150
Bitcoin (BTC) Reversal So BTFD While You Can!!So price has been making a massive bullish flag. We have been in this correction since late June and slowly, but surly we are headed for a breakout. Another strong indicator of an impending breakout would be the bullish divergence forming within its relative strength. I would take this time to accumulate as much as possible before any movement upward. So, in layman's terms.... BTFD!
Buying Low on CryptoPatience may pay here if you have been sidelined from crypto. This dip is producing some decent odds for a bounce, even if we don't make new 2019 highs. The idea here is to catch shorts entering or adding below July lows. While losing 10k is potentially the beginning of the end, a relief rally overtaking and back-testing it would produce a swift face-ripping bull run. The important thing for making plays like this work is to follow your plan. I have a long-term buy zone a bit lower, so no shame in ditching another bullish trade and jumping in again later if we continue to puke (for even better long-term odds).
We're already getting some oversold signs on the smaller time frames and sustaining a bullish trend on the long-terms. Note the strong relative volume around 9600-10k. Watch that area for a rip and successful back-test, or just leg-in on strong-volume dips as I'm doing (easier to get filled at your price rather than marketing in imo, depends on your trade size). planning on selling at least a portion if/when we crack 12k, then back in again on the next successful test of 10k. If this trade or that hypothetical future dip-buy at 10k one fails, I'l be camping out with buys scattered in the 7k's. Only short I see for now is following a failed back-test of 10k. Odds here aren't good enough for the short imo.
Were I short here, I'd be covering. Instead, I'm selling stocks and buying crypto
$BTC HopiumFill the 7.1 and 8.4 CME Gaps and send it.
Easy.
(Don't take this as an advice, DYOR)
If you make money thanks to my chart, tip ;) i'll appreciate it BTC: 15k38oQ2sC2EnJLFS78MfKAxqL6jz5i8rw
Bitcoin - Weekly update for Sunday June 30th 2019Good morning my fellow Bitcoinistas!
I know the weekly close is over 12 hours away but I wanted to go ahead and put out my weekly update so you have the information in advance. I'm going to try to keep this short, to the point, and just hit the high spots. I will add a link to last week's update for anybody not following my work that wants to see the previous updates and how deadly accurate they were. :0)
I think we close this week with a green candle, but it will be setting up next week for possibly a red candle. It seems we have exhausted our momentum for the time being and some technical issues need to be addressed before we go racing higher. To whit, there is still a CME Gap down around $8500 that is begging to get filled. Also, the 20 week Moving Average (orange dotted line) is begging for a test for support. The baby blue zero line of the Fib-Channel may need to prove its support one more time as well. Everyone is screaming to go higher, therefore it may be time for a pullback (psychology) etc. etc. In short, the market needs to take a break to satisfy multiple issues.
The good news? I don't think the pullback will last more than a few weeks if that long. It is only 3 weeks over to the 20 MA line, $8500 Gap, and baby blue trend line. A perfect trifecta! Does it have to take that long? No. We could have a flash crash today, next week, or anytime between now and the targets mentioned. It is not so important as to when the gap is filled, when the 20 MA is tested again, etc. Its just a matter that these things do happen.
For those of you following my posts you know I sold about 40% of my long position the last couple days to pay off the rest of the other 60% of my long position. My trip to the moon is currently FREE and I now have the cash to buy more carry-on luggage if the price is right. :0)
At any rate, let me wrap this up. I hope I didn't miss anything. If you study this chart for a minute I think you will see why we are going to pullback a bit. The long wick type candle forming this week, how it pierced the 0.236 Fib line and retreated, the gap that needs to be filled, support that needs to be retested. THE 40% CORRECTION everybody says we need, etc. All these conditions get met if we go down to at least the $8500 area. If we do see those prices, I don't think we will stay down there very long. Have your orders ready if you want to add more BTC because it may be the last good opportunity under $10K. (In your life time) I firmly believe this. Once these technical issues are satisfied the price will take off again. If people miss it they will lament about how they woulda, coulda, shoulda, backed up the truck on this next dip. But I say you're either ready or you're not. You either have a plan or you don't. For those who don't like to trade, now would be a good time to setup a dollar cost average plan. It's still a plan. Just buy x dollars per week, month, etc. and walk away. It doesn't get any easier than that and the future rewards could be tremendous IMO. The potential gains a year from now are ridiculous!
At any rate, these are just my thoughts and opinions, not advice. Everything could play out as I expect or none of it could even come close. Do your own research and study the charts, news, technical indicators, etc. etc. so you can make an informed decision on what steps you want to take next.
No matter how you play this crazy game I wish you the best of luck.
BBS out!
Bitcoin - Reasonable Hourly Odds For a Long HereBitcoin took the seemingly sudden and violent dip I expected. There's no way to know if it's going back to higher highs anytime soon, but there are good odds here to start giving longs a shot, so I've re-entered. There are plenty of additional buy points lower for the long-term plays, so I don't feel the need to chase anything yet, but the hourly 200 moving average as well as the ichimoku cloud is holding well (no closes below following wick tests, very classic bitcoin bullish/reversal action). If we do take off here, I'll sell some at the trendlines , but with odds this strong given it's easy enough to dump the trade (or even reverse it) if we can't keep holding support (particularly if 10400 doesn't hold), we shouldn't need this trade to work very often to make trades like these profitable over time. If you're still short (I covered when we couldn't break below 10400), consider at least stepping to the sidelines here and take profits imho. the short through 10k if it happens should offer a great trade as well. If this happens, look in the mid 8k's to catch knives.
Angelos BTFD zone.You might know him, AngeloBTC a good lad and rich boi who wants us all to have financial freedom posted that he believes its time to hedge. His call was as follows:
Hedge here ~$13.5k.
Close ~35% lower.
Go away for vacation.
Wait for $30k.
Retire twice.
On the chart I marked where a 35% drawdown would be for BTC from both the top and the 13.5k area that he hedged at. This may be the golden BTFD zone.
Just a thought.
Bitcoin- Yes, it's going higher.....after it breaks some hearts.Bitcoin is BACK!....but don't buy here....in fact, I've sold all my crypto once again in order to re-load lower and build cash reserves to take short-term trades in either direction as the market works out this power struggle. Bulls will win in the long-term, but the bears will have their day as well soon. Fractal patterns are extremely powerful technical tools. Don't be emotional with your trading or investing. If you FEEL like it's too high to be long in an insanely bullish market, then BTFD. If you have the patience (and the guts) to take BTC bearish on retracements following a lower low on the shorter timeframes, feel free to join me!
Bitcoin #abtfd: Pattern suggesting a dip to 8400If this repeats and we'll get another retrace to the 50% level, we could get a nice dip to the 8400-8500 range today or tomorrow, which would be a nice dip to buy. Fingers crossed.
Possible Bitcoin Buy The Dip Scenarios3.amazonaws.com
Don't have time for a very in-depth analysis here; but the Ichimoku Cloud Kijun-sen in white has been supporting this entire bull run since $3,500; it held our wick to $6,800ish in mid May and we have just bounced off of it at $7,500.
We broke our parabolic curve which initiated this fall from 8-9k; I noticed yesterday we were in for some money moves when BTC was $8,500 and ETH was 260ish but didn't begin shorting BTC until it was stuck at 8k resistance and ETH at the 100 EMA at $250.
I placed orders yesterday (6/3) ahead of the dump for long-term entries on the white kijun-sen at $7,500 and smaller entries at $7,600ish. We wicked to $7,650ish missing my entries before wandering back up to re-test $8,000 this morning (6/4) and that's when I began shorting. Within an hour or two we began the slow slide to $7,800 and panic dump to $7,500 EXACTLY on the daily Kijun-sen where I had placed my orders. I closed my shorts around $7,600-$7,650 and $233-236 on BTC and ETH respectively and am holding my BTC entry from $7,500 for a swing trade up to $10,000 potentially (but likely will end up closing near $7,800-$8,000).
If the Kijun-sen were to fall we would see atleast $7,000 confirmed and likely lower as we test the daily cloud between $5,500-7,000. On the otherhand; if the Kijun-sen holds then the bulltrend may very well be intact and create new local highs and attempt $10,000.
That's my $0.02 starting at the charts quickly; possible opportunity to BTFD. However that being said; I would look to start de-leveraging on this next leg up if it comes to fruition though. Before this dump I started liquidating some of my longer term alt holdings from the bottom that i've had a hard time parting with until now.
Take that how you will! Keep tight stops, good luck, and happy trading!
Chart of the Day: Buy bonds wear diamondsRaoul Pal from Real Vision has been active in pushing the line "Buy bonds wear diamonds" as the two asset classes to buy in this market regime. Can't say I disagree since I published the "Preponderance of Evidence" series of ideas back in Oct'18.
TY1! is slowly and surely creeping along an intermediate uptrend line after bouncing off a multi-decade channel support. I have said it before and will say it again, this is the time to start thinking about return OF capital rather than return ON capital.
TY1! and TLT is the only 2 names I would BTFD in this market regime.
