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Criptocurrency

Bitcoin TA from 2010 to 2022 - Based on previous Patterns/cyclesAs I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea. This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle. This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an idea based on correlation with DXY/Dollar. Before proceeding I will tell an interesting story " The Story of Zombie and chickens". A lazy zombie maintains the chicken farm, since chickens grow and breed faster so the numbers are keep growing n growing. Throughout the year zombie keeps eating chickens and he keeps growing bigger n bigger. Since the zombie is very lazy, he needs help and maintains a dog to look after all the chickens. As per now for every 4 years or so zombie gets seasonal disease and to get recover himself, he eats chickens in a massive number, not all though. Dog also keeps eating for his survival, but after all its dog, so when the dog gets older and unable to handle the chickens, zombie appoints a new young dog to take his place. The conclusion of this story is "Zombie never dies and keeps growing n growing, chickens are born kill and the dog keeps replaced by a new dog". Ok let's proceed with our Analysis. Different traders visualize the charts in different ways based on their own perception. Chart is the emotions of all traders, it's like map of treasures. I see many people use trend lines, Fibonacci, moving averages, Ichimoko or other technical indicators and many other. Even I use many of these, but for this am not using averages or Fibonacci or Ichimoko. Am using RSI and money flow index indicators and triangle pattern for this. 1.Explaining the Patterns or drawings which I created: Chart patterns in longer time frames, price moves in waves or some kind of curves rather than straight lines/trendlines. I made some concentric circles where the price is respecting more (basically support n resistances), that doesn't mean the price goes in a circular fashion and goes back to its origin - zero. Always trend breaks (upside or downside) so may be at some point of time it may break out this circular channel and form a new trend of circles. I created the triangle pattern in this way --> (A)previous ATH-> to ->(B)current ATH-> to ->(C)lowest bearish Point-> to -> Highest counter move). For each Bull of Bitcoin (with in 2yrs or so), it is forming a kind of symmetrical triangle with ABCD waves inside it. (Symmetrical Triangle pattern --> Breaking out of the pattern --> new Bull or new Triangle pattern again). 2.Observation and conclusion taken from the patterns: After deeply observing the previous 3 symmetrical triangles of Bitcoin-Green, Blue and Purple. I was wandering how to make the current pattern. The information I have is (previous ATH 20k (point A) + current ATH 70k (point B) + I took 15500(point C) as temporary Bottom. The conclusion is Green + Blue + Purple triangles are symmetrical in shape. (Symmetrical triangles are mostly bullish and breakout upside not compulsory though). But for the current cycle, bitcoin is making is Descending triangle. Descending triangle patterns are generally bullish as well as bearish depend on where they are created. (At the Bottom OR At top of the cycle). As of now it is at the top (so this means there are chances it may breakdown from this Descending triangle). What I observed is cycle after cycle the width of the triangles are increasing and the height is getting decreased, technically what does this mean? what I concluded is the move of going sideways is increasing and the momentum or motive of going up is diminishing/normalizing. (So, this means there are high chances Bitcoin may move less upside and may go sideways or down). One more thing I observed is after massive move/action of correction of every cycle (Bitcoin Bottom) there is counter move/reaction (Point D of the Triangle). Generally, the point "D" of every cycle is laying above the top edge of previous symmetrical triangle (the sky-blue horizontal arrow lines). (So based on the above observation I took the "D" point at 50k as counter move/reaction for current cycle/Descending triangle, also, it is coinciding with the concentric circles which I made). 3.Final Conclusion, studying the current Descending triangle (Red)/Probabilities: After over all study, this is my Personal Opinion: 1.Current correction is so massive with in short period of time, considering previous counter rallies and currently bullish Divergences formed in RSI + MFI taking into account, so high possibilities that there can be a counter rally up to 50k or more than that. 2.I don't think current low 15495 is Bottom for Bitcoin. May be temporary Bottom or it may go little lower than now creating 2 layers of bullish divergences in RSI (for temp Bottom). (Technically current pattern is Descending triangle, so high possibilities that Bitcoin may make lower low (another low may be 13780) after the counter rally. to my guess Bitcoin may put its lower low after the Halving). 4.Probabilities of next Bull/cycle: case1: After Bitcoin making lower low (may be 13.7k), this is the situation DO/DIE for Bitcoin. If Bitcoin manages to break out of this Descending triangle similar to previous moves, it can put a new ATH (for another decade Bitcoin may trade between 19k to 160k). case2: Since current pattern is Descending triangle, if Bitcoin fails to breakout from this channel, there are high probabilities that it will break down. If Bitcoin Breaks Down, most likely it will reset itself from over all cycle right from 2010. (This scenario can be same as my previous Elliott wave theory which I already shared.) Am sorry my Technical Analysis looks little complex; I hope I explained well. Thank you.
BNC:BLX
by nmchary
2
Luna - Technical Analysis- compared to Ethereum EthThis is a good example to Analyze Eth chart pattern. Even Eth is making something similar parallel pattern in a longer time frames. Generally, after the 2nd consolidation it should Break out from the channel, if it fails and making Bearish Divergence in the rsi, high possibility that it will break down from the channel. This doesn't mean Eth falls in a similar fashion as Luna fell down, but i took Luna as example to explain the movement in the parallel channel. Ethereum most probably make one more cycle in the next bull run and make bearish Divergence in rsi or Mfi and break down from this channel.
by nmchary
Litecoin-Crypto Technical Analysis if Bitcoin resets to 5k.If Bitcoin is resetting its overall trend and goes to sub or around 5000usd, i was checking what would happen to altcoins? Ultimately Bitcoin rules the overall criptocurrency not compulsory though, i took Litecoin as good example since it is one of the oldest blockchain and its chart pattern looks quiet simple and good. This doesn't mean all the altcoins perform same way, but may be few altcoins outperform Bitcoin. This Analysis is only based on "If Bitcoin resets its trend to 5k". (Based on this scenario Litecoin may go to or around 180usd and back to sub or around 5 dollars where its maximum volume exists. according to double top pattern the length of breakout to top and the same length to bottom, as in the rectangle box.) Or There is a possibility that if Litecoin maintains that blue parallel channel it may also go in the upward direction (green arrow line in the Double Top pattern example).
BINANCE:LTCUSD
by nmchary
btc longbtc long **the holy grail in trading is taking advantage of 90 percent of traders** out there who aren't reading the market correctly and who learned it through know applying you know moving averages and oscillators candle stick patterns things of nature which is great for longer term for trading but they apply that to day trading they call that price action when they say I'm trading price action by taking the close of a bar against a previous bar and going long or short, that's not price action that's trading an indicator candle sticks are an indicator what you need to understand is numbers into constitute make up that supply and demand within that time frame whether you looking 5 min, 15min candle whatever there is all was competition so what you want to have your eye on is where the institution are being graded which is vwap and then standard deviation away from the vwap where you can better your average that's what we do we become speculators when price move away from vwap , if we are selling we obviously looking for resell as retrace back up towards view up or we could speculate and get long in as move two standard deviations or three standard deviations away from both of top side the bottom side so purpose behind having this information once again you have to know and ask your self-question everyday single day every single moment your about put on the train who was in control, we see sellers have initiated trade to the sell side they are in control where is value, right know where is price relation to value are you selling and its 2 standard deviations away from vwap so this means its too cheap and there it is cheap to sell there other side that we will be buying and you don't want short when large traders are buying you you all was want to stay with who is in control. *there is 3 question all was have to* ask, who is in control, where is value, and where is price related with value? a successful trader is an efficient trader and this is a mark of efficiency and first, they have to understand what we are looking at and what we are trying to do is we are not batting against professionals you can't win you will not win they have money than god so you might as well stop fighting it so you wait then you see with information clearly fast you have to understand what is it so the fact that large institutions can't sell everything they have, means they have to part piece it out in multiple prices or over time so you notice that over time when you looking at this information you will start to see that they start hitting it around the same price it will retrace up they hit it again that can tell you the size or large you know that can tell you the size of the fund and what other real purpose is you know what they trying to do and there nothing else out there in the retail space that shows you this type of efficiency nothing there is all was competition so what you want to have your eye on is where the institution are being graded which is vwap and then standard deviation away from the vwap where you can better your average that's what we do we become speculators when price move away from vwap , if we are selling we obviously looking for resell as retrace back up towards view up or we could speculate and get long in as move two standard deviations or three standard deviations away from both of top side the bottom side so purpose behind having this information once again you have to know and ask your self-question everyday single day every single moment your about put on the train who was in control, the holy grail is ending breaking through consistently you know being consistently profitable its all about managing risk fast it's not about trading more increasing your commissions or those fees its not about taking a larger position its all about managing your risk and managing your risk is all about getting in before 90% of other traders are getting you want get involved in the direction of larger player but you want to get ahead of everybody waiting for the bar to close so. you have valuble information learn of whether it's block trades or the blocks or the trade imbalance or stacked imbalances inventory levels or whatever you want to use your standard deviations we want a trade market generated information, we don't want trade biases we don't want trade randomness random number, market does two things, the market is the distribution system that seeks out value and it goes to value to value from high value to lower value it gona do so in a form of being balanced or equal and imbalanced unfair right and when its imbalanced its going to spend less time so there no value there for it searching for value and what noft prepare for this information algorithm in the orderflow sequence tracker prepares this information chronologically so that when your in the trade if your finding inbalnce occur your you gonaa stay with that trader as soon as imbalance offset by other side then it become value market will pause and trade basically turn around a price level and either at that point going to continue or large trader come in and create that imbalance once again or it comes back to the value and so you want be able to see that information as soon as available soon as you see imbalance and bounce your risk become higher there no longer imbalance that's all price sets become a fair price therefore you lose your edge and trading is all about the edge your edge is the 90% losing traders out there
BITSTAMP:BTCUSDEducation
by YODA-TRADER
1
Ethereum (ETH/USD) good call ETHUSD The second crypto by market cap is in a very interesting graphical situation. 1) The price is channeled in an Down channel, which by default breaks upwards. 2) RSI is crossing UP 50% higher which is a strong buy signal. 3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red box) 4) Found an all-time low at the technical price of $1k which triggered buy orders. So to summarize we are in two options: a) That the price follows the broad wave of BTC and Wall Street breaking the Down channel and the existing resistance to attack the all-time highs at $ 5K b) If the price is rejected near the resistance and the upper band of the Down channel it will look for new lows in the historical resistance of $ 500 LPI.sa
COINBASE:ETHUSD
by LPI_Investments
US500 Is the bear market gone?1 Week Chart We are breaking an upward Falling Wedge and the price has rebounded on the Average 200 (Blue line) and also on the Average 100 (yellow line) confirming the strength of the index. Let's evaluate the 3 possible options: a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low b) The price continues its growth by breaking the current resistance towards $ 5k c) The price collapses towards the previous historical supports canceling all the current growth. Is the bear market gone? We are breaking an upward Falling Wedge and the price has rebounded on the average 200 (Blue line) and also on the average 100 (yellow line) confirming the strength of the index. Let's evaluate the 3 possible options: a) The price after a strong climb, takes profit and returns to the $ 3.8k - $ 3.9k zone on the support and then rebounds and forms a bullish weekly low b) the price continues its growth by breaking the current resistance towards $ 5k c) The price collapses towards the previous historical supports canceling all the current growth. And what do you think? LPI.sa
CME_MINI:ES1!Long
by LPI_Investments
Cosmos (ATOM) Death or LifeMany cryptos are found in crucial points: 1) BTC is in the 20k zone where we find solid support from the all-time high of 2017 2) ETH at 1k 3) Stocks Market (US500 & Nasdaq 100) on the one week average of 200 and on another solid support. Returning to some other interesting alcoins we find together with Solana at sale prices ATOM which is at $ 8 which finds 3 fundamental graphical factors 1) Support of its first point of maximum (green rectangle) 2) The Fibonacci extension at the price of $ 5 which has already been touched and now seems to be consolidating 3) Confirmation of the consolidation phase with a very visible bullish divergence with RSI rising and price falling. Obviously we are in a bear market and you have to be careful to enter a LONG trade, but it could be an interesting point to accumulate and make a first purchase. And what do you think? If you liked the analysis, leave a Like and comment. For more information contact us privately. LPI.sa, Grow with Us.
COINBASE:ATOMUSD
by LPI_Investments
Dow Review (English subtitles)Click the "subscribe" necessarily if you come review! Then I will post more ideas. My training and analysis chat Wyckoff Analitics look in the chats and subscribe Friends I conduct training in individual format and a limited number of students, as a large number will interfere with my trading! The course includes : Wyckoff Method Demark method VSA Trading method tailored to your psycho-type Trading Psychology For more details please contact me in a private message I can also introduce you with my unique indicators, of my own design Wykoff Zone (Defines activity and smart money zones and also gives buy and sell signals) Indicator Demark, which has no analogues on the platform - as most of the indicators are far from the essence of the methodology of Demark and too simplified, which violates the basics of the principle of For investors, I can transfer the 2 weeks course Lazy Investor on which you can learn how to invest and in what shares to invest + method of cross zeros Completed with my own developments taking into account the imbalance of supply and demand Indicator Wyckoff Line created by the activity of professionals and identification of liquidity zones, to which the price is attracted. Remember that the market is only driven by supply and demand. No technical indicators will tell you in advance whether a supply or demand imbalance has occurred. Listening to the news can put you in a state of wrong decision, so make decisions only by the activity zones of professionals. By understanding where the imbalance of supply and demand is occurring, you can correctly build your strategy of work. The indicator has a clever algorithm that takes into account the activity zones on several timeframes above the working chart. It also includes a system of VSA, which determines the entry point for buying or selling a certain instrument. The entry point is determined by the imbalance of volume and price on the principle of lack of demand, or lack of supply in liquid areas. Take a look at "Figure 1", which clearly shows the supply test after which the price reached the next liquidity level in WMT stock The following example clearly shows a buy after a downtrend, which after the passage of the liquidity zone defined a clear signal to buy the stock AAPL The essence of the indicator is that high volume is always a liquidity zone, into which the price will constantly strive. The indicator determines the liquidity zones of the professionals, which you set on the higher timeframes with the help of certain settings of the high volume bar. And along with the indicator package I provide a tutorial video where I tell you how to use this indicator. I also give some author's settings and recommendations for entering or exiting a position. Now let's analyze the sell signal. Here is an example of one of the sell signals in which the indicator clearly worked: The price reached the liquidity zone and it signaled three times that it was time to enter the position. Next, using completely different entry techniques, you could sell the KO stock or, if you were trending upwards and your techniques did not involve selling, you could simply exit your position in time. The uniqueness of the indicator is that it works on a chart like crosses zero. By setting liquidity zones, you can use the signal of this indicator to enter a position without any market noise. Take a look at the example below where an entry was made into an MSFT stock: snapshot To start using the indicator you need to write me a private message. I will send you instructions for using the indicator and my recommendations (how to enter and exit a position) and indicator settings. You can receive free support and advice from me during the whole time of using the indicator by writing me in personal messages. Ability to use the indicator in different languages: I will provide you with a video guide for setting and instructions for use in your own language. Available languages for using the indicator: Russian, English, Chinese, Spanish, German. Translation of indicator settings into different languages is in progress. Indicator subscription price is $20. Indicator purchase for unlimited use is $300.
NASDAQ:DUOLLong
by StudentWyckoff
DOW ANALISE The state of affairs on the dow ts kamipanii were distributed relative to the indices on the principle of relative strength in this order despite the fact that many sectors still do not show confident bullish growth, we already have some strong leaders, this company UNH is on the 2nd place, GS is on the 3rd place, HD is on the 4th place with you and me MSFT in 5th place we have the company AMGN look at the relative strength indices that absolutely clearly show our leaders and outsiders But who is the outsider at the moment , now the outsider of the company is the WBA and the relative strength index absolutely clearly shows the position of the shares to the market . I always use this technical parameter together with the foundation parameters when analyzing the market See you for new reviews ! Click like subscribe necessarily if the review came in! Then I will post more ideas . My chat for learning and analysis Wyckoff Analytics search in chats and subscribe Friends, I conduct training in an individual format and in a limited number of students, since a large number will interfere with my trading! The training course includes : The Wyckoff Method Demark method VSA A trading method tailored to your psychotype Psychology of trading For details, write in a personal message I can also introduce you to my own unique indicators , of my own design Wykoff Zone ( You determine the activity and zones of smart money and also gives buy and sell signals ) The Demark indicator , which has no analogues on the platform - since most of the indicator are far from the essence of the Dymerka technique and are too simplified , which violates the basics of the principle For investors, I can shift a 2-week lazy investor course where you can learn how to invest correctly and in which stocks + the tic-tac-toe method supplemented with your own developments taking into account the imbalance of supply and demand The Wyckoff Line indicator was created based on the activity of professionals and the identification of liquidity zones to which the price is attracted. Remember that the market is driven only by supply and demand. No technical indicators will tell you in advance that there has been an imbalance of supply or demand. Listening to the news, you can lead yourself into a state of incorrect decision, so make decisions only on the activity zones of professionals. By understanding where the imbalance of supply and demand occurs, you can correctly build your work strategy. The indicator has a smart algorithm that takes into account the activity zones on several timeframes that are above the working schedule. The indicator also has a VSA system that determines the entry point in order to buy or sell a certain instrument. The entry point is determined by an imbalance of volume and price based on the principle of lack of demand, or lack of supply in liquid zones. Take a look at "Figure 1", which clearly shows the test of the offer after which the price reached the next level of liquidity in WMT shares The following example clearly shows a purchase after a downtrend, which, after passing through the liquidity zone, determined a clear signal to buy AAPL shares. The essence of the indicator is that a high volume is always a liquidity zone to which the price will constantly strive. The indicator determines the liquidity zones of professionals that you set on higher timeframes using certain settings of the high volume bar. And together with the package of indicators, I provide a training video where I tell you how to use this indicator. And I also give some author's settings and recommendations for entering or exiting a position. Now let's analyze the sell signal. Here is an example of one of the sell signals in which the indicator has clearly worked The price reached the liquidity zone and he signaled three times that it was time to enter the position. Then, using completely different entry techniques, you could sell the KO stock or, if you were trending upwards and your techniques did not involve selling, you could simply exit your position in time. The uniqueness of the indicator lies in the fact that it works on such a chart as tic-tac-toe. Having established liquidity zones, you can use the signal of this indicator to enter a position without any market noise. See the example below , where the entry into the MSFT promotion was carried out: snapshot To start using the indicator, you need to write to me in a personal message. I will send you instructions for using the indicator and my recommendations (how to enter and exit the position) and the settings of the indicator. During the entire use of the indicator, you can receive free support and advice from me by writing to me in private messages. The ability to use the indicator in different languages: I will provide you with a video instruction for setting up and instructions for use in your native language. Available languages for using the indicator: Russian, English, Chinese, Spanish, German. The translation of the indicator settings into various languages is currently in progress. The subscription price for the indicator is $20. Buying an indicator for unlimited use is $300.
NASDAQ:MSFT
by StudentWyckoff
short in eth/usdThe price of etherum against the US dollar is in a corrective phase and is moving away from the 3,000 usd zone and it seems that it is looking for the lows of this year in the 2,158 usd zone, but it still has a long way to go and it does not you have to rule out bounces in this asset, the price is forming lower and lower highs that form a downtrend line that serves as resistance and the price can go looking for that area to continue looking for market participants in short positions, the key area is The 2728.15 usd, is an area that in the past acted very well as resistance and support, in addition to being aligned with the resistance of the trend line
BINANCE:ETHUSDShort
by juliansb32