BTCUSD Price Sitting on Bottom of Swing-Low Trend Line BUYThis is one of the best buys I think I've ever published; price action over the last 3 months wicked down to the red line we see here and quickly bounced; good support at this zone; going up 3k a month from here on out; at least that's my prediction.
Does it break this log scale chart?
My fundamental of economics doesn't suggest that it will until there is not exponential fiat currencies in circulation.
Mass adoption will be accelerated when 10% of crypto market cap is 25 trillion and half the worlds' wealth is equal to 250 trillion dollars. We still have 100x to go from here before it breaks this log chart.
Cycle
BTC 4 year cycle projectionSame as my previous ideas, just added a few things to the chart. (Lines between high and low of each cycle are exact same angle and 83% price drop. This time around 83% drop at same angle would go to $12k in November.)
Just an idea on the seemingly regular cadence of the BTC 4 year cycle. I am basing my strategy on this. Short BTC to November rebalancing at support and resistance levels. When BTC hits the 200 week/50 month MA, and the RSI 30 weekly/44.5 monthly, switch long on BTC and long altcoins there as well, entering small position at first, because drop to $12 is possible, ready to average down. Then just regular rebalancing at support and resistance levels into Oct. 2025.
I've seen arguments that the BTC cycle is lengthening and there is another major run coming this year with blow off top, but I don't buy it.
1) The RSI has not bottomed out yet. Last two cycles, it bottomed 12 months after the cycle high.
2) There really isn't going to be a sudden super massive flood of new buyers entering the crypto market again so soon after the last one, and that's necessary to create a major run.
3) The BTC halving cycle, which the price cycle is based on, has not lengthened.
4) The price cycle, shown as a consistent cadence, rather than lengthening, matches up with highs and lows of the past few cycles with pretty high precision.
5) BTC has not revisited the 200 week/50 month ma. Last two cycles, did so 12 months after cycle high.
🔥 Bitcoin Following Sentiment Cycle: Bullish Move Ahead?Recently I've seen several people comparing the BTC price path to Justin Mamis' "Sentiment Cycle". If you compare the two images, you can clearly see that BTC has closely been following this pattern over the last few months, apart from a couple of small details.
I wanted to add some nuance to the discussion. Patterns like this one, and the Wyckoff patterns for example, are true until they aren't. Sounds simple, but its the truth. Patterns like these often need several confirmations before you can confidently say that an asset is following the pattern, and by that time the asset might decide to move the other way. Look at my Wyckoff accumulation pattern analysis below for an example.
Thing is, we're currently in a very difficult economic environment. Inflation hasn't been this high in 40 years and the FED is failing to combat it effectively, so more downside is definitely possible, which would invalidate the "Sentiment Cycle" pattern.
However, the "Sentiment Cycle" is definitely a possibility. We're currently in the ending stages of a long-term bull-cycle which started after the last crisis in 2008. Classically, bull-cycles like this one end with one last parabolic move up. Still, take this pattern with a grain of salt before actively trading on it.
Happy trading!
Daily Checklist Before The Market Opens | Apr 11 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 10 out of 5.85
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.59-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 53.14%
🚀Daily Expected Move: ±3.20
🚀Weekly Expected Move: ±7.04
🚀Monthly Expected Move: ±14.65
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 2 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.37%
🚀Daily Expected Move: ±22.66
🚀Weekly Expected Move: ±49.88
🚀Monthly Expected Move: ±103.83
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 6 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 100.605-100.095
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.98%
🚀Daily Expected Move: ±0.56
🚀Weekly Expected Move: ±1.24
🚀Monthly Expected Move: ±2.59
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 3 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 39847.5-38220.0
3️⃣Options IV: 65.35%
🚀Daily Expected Move: ±1704.61
🚀Weekly Expected Move: ±3752.52
🚀Monthly Expected Move: ±7811.49
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
₿itcoin / Facing crisis / New cycle / CommerciumHispanus🌎🟠Bitcoin:
After more than a decade “overheated” with exponential but increasingly reduced rises, it seems to be entering a calmer stage where corrections will not be lacking and it can lateralize on important levels for a time, typical of a market that matures and reaches a significant capitalization.
BTC has a trend and polarity level ahead in a monthly time frame that will serve as supports if the crypto asset continues to decline, until now that I am writing this paragraph it is my main scenario.
To recover the price level of $52,000 by breaking the monthly polarity level exposed in my other trade ideas –resistance- after a breakout of a level where it could not do it for more than 75 days, $44,500, –right now this achievement is compromised- is the task of the buyers to return Bitcoin to the upward rhythm it has had in the last 2 years and continue in a yellow channel invalidating any low this 2022, where reaching 6 digits in 12 months or less will be the most likely, scenario where I will change my current view.
I propose and believe today, that Bitcoin enter the blue zone, a "cold" zone where we will see it oscillate -at least- the average time it has previously taken to "cook" its new bull run, perhaps going down from its previous maximum (2017), time-space that will be the origin of new cycles, where it will gain greater adoption, an opportunity that will give it to those who still do not know it to take it into account
-
But, as I've said in some of my other reports, "regulators are the doctors trying to keep a patient who has suffered from multiple ketoacidosis stable"
In my opinion, the forecast for this model is reserved
Any criticism, comment, suggestion is welcome.
–see related ideas at the bottom of this idea-
To enter the market you must have:
Strategy
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Domain of emotions
Capital management
Quality tools
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Greetings to all and good luck!
🌎 Commercium Hispanus
Cryptocurrency trading is subject to high market risk. Carry out your operations with caution. I always do my best to choose high quality coins, but I will not be responsible for your trading losses.
Daily Checklist Before The Market Opens | Apr 8 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 9 out of 5.85
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.59-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 54.23%
🚀Daily Expected Move: ±3.31
🚀Weekly Expected Move: ±7.29
🚀Monthly Expected Move: ±15.17
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 1 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.43%
🚀Daily Expected Move: ±22.48
🚀Weekly Expected Move: ±49.50
🚀Monthly Expected Move: ±103.04
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 5 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 100.605-100.095
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 9.11%
🚀Daily Expected Move: ±0.57
🚀Weekly Expected Move: ±1.26
🚀Monthly Expected Move: ±2.63
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 2 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 61.76%
🚀Daily Expected Move: ±1701.03
🚀Weekly Expected Move: ±3744.64
🚀Monthly Expected Move: ±7795.10
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 7 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 8 out of 5.85
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.59-99.88
🛸Buy UFOs: 99.22-93.53
3️⃣Options IV: 53.15%
🚀Daily Expected Move: ±3.28
🚀Weekly Expected Move: ±7.22
🚀Monthly Expected Move: ±15.02
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 4 out of 5.65
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.88%
🚀Daily Expected Move: ±22.96
🚀Weekly Expected Move: ±50.54
🚀Monthly Expected Move: ±105.21
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 4 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 100.605-100.095
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 9.55%
🚀Daily Expected Move: ±0.60
🚀Weekly Expected Move: ±1.32
🚀Monthly Expected Move: ±2.75
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 1 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 64.68%
🚀Daily Expected Move: ±1763.83
🚀Weekly Expected Move: ±3882.90
🚀Monthly Expected Move: ±8082.90
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Pi Cycle Top Elongations Circled demonstrating lower highsPi Cycle Top Elongations Circled demonstrating potential lower Pi Cycle highs; such a prediction puts in worst bear case scenario a wick down to $28k for Bitcoin; however strong upwards support occurs in the overall upwards linear trend in February 2022; we reached a bottom of this pi cycle's market until the halving of 2024 and the 16 months prior and post-halving. Any candlestick closes below this level would be potentially devastating for price action and potentially break the linear logarithmic scale to which we have abided by until now. My impression/prediction is that of the Founder/CEO of MicroStrategy; that we will always move our currency to a stronger currency; and the holy grail of all known currencies is that of blockchain. Exponential 100x from here! Cheers! Shout out to the future; from your 8 year younger self! It'll at least be on their conscious for not listening; not mine =).
Daily Checklist Before The Market Opens | Apr 6 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 7 out of 5.86
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 99.22-93.53
3️⃣Options IV: 53.80%
🚀Daily Expected Move: ±3.51
🚀Weekly Expected Move: ±7.73
🚀Monthly Expected Move: ±16.10
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 3 out of 5.65
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.47%
🚀Daily Expected Move: ±22.49
🚀Weekly Expected Move: ±49.52
🚀Monthly Expected Move: ±103.07
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 3 out of 4.77
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 99.995-99.700
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 9.44%
🚀Daily Expected Move: ±0.59
🚀Weekly Expected Move: ±1.30
🚀Monthly Expected Move: ±2.71
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 15 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 65.75%
🚀Daily Expected Move: ±1863.32
🚀Weekly Expected Move: ±4101.91
🚀Monthly Expected Move: ±8538.80
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
BTC/USDTAs The Trend Line Angle it seems Bullish and The Down Trend is About to Break up and Bitcoin can Go higher Levels and Reaxh 48k retracement, But This Time 50k and 52 Will be The Seond Reatrace That BTC has To Break
By this Point of View 48k will be the strong support after 46k
By the way i have Opened a position with 7.8 R/R
You can Set You TP and SL and Use it in your strategy
Thanks for being with us❤️
Daily Checklist Before The Market Opens | Apr 5 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 6 out of 5.86
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 101.75-97.78
3️⃣Options IV: 54.31%
🚀Daily Expected Move: ±3.56
🚀Weekly Expected Move: ±7.83
🚀Monthly Expected Move: ±16.30
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 2 out of 5.65
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 19.22%
🚀Daily Expected Move: ±23.39
🚀Weekly Expected Move: ±51.50
🚀Monthly Expected Move: ±107.20
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 2 out of 4.77
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 99.995-99.700
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.94%
🚀Daily Expected Move: ±0.56
🚀Weekly Expected Move: ±1.23
🚀Monthly Expected Move: ±2.55
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 14 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 48250.0-46910.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 63.21%
🚀Daily Expected Move: ±1856.04
🚀Weekly Expected Move: ±4085.89
🚀Monthly Expected Move: ±8505.46
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 4 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 5 out of 5.86
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 99.22-93.53
3️⃣Options IV: 54.36%
🚀Daily Expected Move: ±3.38
🚀Weekly Expected Move: ±7.44
🚀Monthly Expected Move: ±15.50
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 1 out of 5.65
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 19.08%
🚀Daily Expected Move: ±23.20
🚀Weekly Expected Move: ±51.07
🚀Monthly Expected Move: ±106.31
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 1 out of 4.77
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 99.995-99.700
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.21%
🚀Daily Expected Move: ±0.51
🚀Weekly Expected Move: ±1.12
🚀Monthly Expected Move: ±2.34
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 13 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 48250.0-46910.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 62.90%
🚀Daily Expected Move: ±1830.30
🚀Weekly Expected Move: ±4029.21
🚀Monthly Expected Move: ±8387.48
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been consistently green for the past 12 days and expanding (currently around 7%) thanks to Senkou Span B continuing to rise. All the daily lines indicate an uptrend and only the Senkou Span B and the Kijun are flat and it is important to consider these flat lines that represent the sideways momentum in the medium and long term.
The Kijun Trend indicator continues to indicate the search for long positions and the price is 8% away from the uptrend Kijun.
Heikin-Ashi:
The Heikin-Ashi are always above the Kumo and now highlighting this sideways and volatile moment with sudden color changes and pronounced ranges.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from historical high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 40200.00-40800.00 from Ichimoku Flat/Chikou Cusp areas
- 30300.00 from Ichimoku Flat/Cuspid Chikou areas
- 37000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 35000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 33500.00 by Ichimoku Flat/Cuspid areas of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a positive long-term sentiment and places the 0 level on the upside at 75000.00. The price is now between the 0.618 level and the 50% Hosoda level. The 0.618 level is acting as support.
Conclusion:
BTC continues to rise even though it's in a sideways momentum right now.
There are still some important price structures indicated by the flat areas and the Kijun Weekly around 51000.00 and also - referring to the well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods, the price is holding above the 200 period.
It is important to evaluate the closing of the week and during the week on the following price structures, with emphasis on the sideways momentum:
- Bullish: 46100.00-49100.00
- Bearish: 44650.00-45563.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased
- BTC dominance: Decreased
- Price of BTC: Increased
- Expectation of Alt cycle: Fast increase
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Daily Checklist Before The Market Opens | Apr 1 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 4 out of 5.87
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 99.22-93.53
3️⃣Options IV: 57.66%
🚀Daily Expected Move: ±3.64
🚀Weekly Expected Move: ±8.01
🚀Monthly Expected Move: ±16.68
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 2 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 20.25%
🚀Daily Expected Move: ±24.71
🚀Weekly Expected Move: ±54.40
🚀Monthly Expected Move: ±113.24
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 3 out of 5.43
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 99.995-99.700
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.42%
🚀Daily Expected Move: ±0.52
🚀Weekly Expected Move: ±1.15
🚀Monthly Expected Move: ±2.39
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed:YES
🎯Stats: 12 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 48250.0-46910.0
🛸Buy UFOs: 42705.0-41832.5
3️⃣Options IV: 62.54%
🚀Daily Expected Move: ±1785.06
🚀Weekly Expected Move: ±3929.62
🚀Monthly Expected Move: ±8180.15
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
SHIBA Points To Starting Point Of Cycle ManiaHello Crypto traders!
Let's talk about memecoin Shiba Inu (SHIBUSD) in which we see very interesting pattern.
The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon.
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Daily Checklist Before The Market Opens | March 31 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 3 out of 5.87
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 99.22-93.53
3️⃣Options IV: 61.04%
🚀Daily Expected Move: ±3.90
🚀Weekly Expected Move: ±8.59
🚀Monthly Expected Move: ±17.88
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 1 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 21.08%
🚀Daily Expected Move: ±25.64
🚀Weekly Expected Move: ±56.44
🚀Monthly Expected Move: ±117.49
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 2 out of 5.43
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 99.365-98.315
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.12%
🚀Daily Expected Move: ±0.50
🚀Weekly Expected Move: ±1.11
🚀Monthly Expected Move: ±2.30
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed:YES
🎯Stats: 11 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 52165.0-50665.0
🛸Buy UFOs: 45305.0-44060.0
3️⃣Options IV: 65.53%
🚀Daily Expected Move: ±1956.67
🚀Weekly Expected Move: ±4307.42
🚀Monthly Expected Move: ±8966.60
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice