Back from the Dead
This is looks promising - we printed a doji today.
So looks like we have stopped the drop.
Monthly VWAP is at about 3400 - given how fast this dropped it could recover quickly to the 3400 range and grind higher from there - looking the profile 3400 puts us to the end of value - which would make sense if we moved higher grind there slowly.
Elon Musk has talked to the miners about energy usage and sustainability so everything is ok again?! I'm sure he's making more on Crypto than Teslas.
All in my opinion.
ETH-BTC
ETHBTC a new bitcoin dip is readyMy Marketmiracle advisor generated an input signal on ETHBTC yesterday
I have been monitoring the graph of BTCUSD and ETHBTC for hours and it seems that a new jump in the void of the BTC is ready, and obviously as a result of this Ethereum will open up to him
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Bitcoin schematic formationWatching the recent BTC moves, we have overlaid both Wyckoff & Elliott to highlight the current situation.
Talking our community through the process - we thought this was interesting and worth sharing here. The example using Bitcoin has been near enough textbook to here.
There are several crosses of interest currently using SPX, DJI & Gold, but the Grayscale pattern clearly shows a bias. Watching closely.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITCOIN Oversold - a pullback is possible - Check it out guys!Dear traders,
Here is a quick update for Bitcoin.
We may possibly see a rebound here. We are looking at this 4 hour chart of Bitcoin BTC and the formation of a falling wedge.
This trade is not without risk but Bitcoin is now very oversold and we have a very nice positive divergence!
The decline is heavy and fast. Stops are hit and traders liquidated. Watch the volume spikes it marks often the end of the decline for a while.
Mid term Bitcoin is still very bearish! See my other analysis but rebounds happen , yes we go up and down in waves.
Traders, always use stops and money management!
Trade safe guy's! I Wish you all good profits!
This is my personal view on Bitcoin and no advice to trade Bitcoin! Do always your own research and of course place your stops en do not risk more than 1 % on each trade!
If you like my work than it motivates me if you follow me for regular updates and give me a thump up/ like. Thanks guy's!
Silver lining to bear period Now the good news is it could be viewed as such, in which case this is a nice support for an accumulation period. Adding currencies in little nibbles rather than big chucks and dollar cost average down to find the bottom.
This is of course because long term I believe the market will recovery. Just like the stock market, there’s only 1 ultimate data point. It always recovers and sets new ATH. Until that’s no longer the case, I’ll accumulate.
WE DID THIS ALSO WITH DOGE AT 0,04 AND NOW ON IOTX TO THE MOON!Hello trading friends,
We did the same as we did with doge here below at 0,04
# the same update are now on IOTX, and doge did shows before same signals with whale DCA effect, as IOTX shows now
its only about time before IOTX increase with 100% + to the moon with 0,10+ Target.
As always we have to say it more times, and this not for no reason. time will learn why we did update about iotx. know that also in breakdown trend of bitcoin this sleeping giant can moon.
ETH will perform better than BTC While there is no certainty as to how the current decline of bitcoin will affect the price trend of altcoin there is almost certain : ETH will grow more than the BTC in the coming days.
The signal was given by my advisor Marketmiracle but it is clear to everyone that in recent weeks the trend of ETH has been almost unstoppable while on the BTC we had to witness sudden drops and moments of uncertainty.
Analyzing the graph what the advisor Markemiracle is suggesting is really possible and I tried to draw by hand on the graph what in my opinion could be the trend of prices in the next few hours.
You can see for free all the realtime signals generated by the Marketmiracle advisor at marketmiracleadvisor.com is a free service and no registration is required.
MASSIVE WARNING x2 FOR BTC⚠️I hate to be a BEAR on Crypto but I must remain neutral to ensure everyone is safe. My last warning call fulfilled exactly as I showed. Once we broke the rising wedge with the help of ELON we reached our 47K Target.
NOW WHAT? THIS IS MY SHORT PLAY
Bitcoin has formed a MASSIVE H&S with a bearish divergence. IF this neckline support is broken the technical target is down near 37K.
I am not saying this is 100% going to happen BUT BE WARNED.
I have taken profits before the crash and entered short positions after we broke support (which I posted on my last chart) and bought back in at our target area.
I will repeat this play again if this next support line is broken and the H&S plays out. Currently, I am still holding waiting for BTC next move.
Another Overlay "Exposing the Schematic"A very quick video, showing a Wyckoff distribution schematic (update from the last post).
We have covered these in the streams with @Paul_Varcoe Another stream later on BTC at 15:30 UK time today.
www.tradingview.com
With Elon's tweet pushing the price of BTC down - it's now at the lower band of the Wyckoff structure (overlaid) in this post. Some more confusion and fear to drive lower for sure!
I also posted yesterday some more educational content on why people are hooked on crypto.
See linked ideas.
Will be updating this as the schematic unfolds.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
ETHBTC - no major resistance aheadHello all,
The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance.
What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated and as we know this indicator is of critical importance for the market cycle, especially in crypto where it has perfectly marked the beginning and end of bull and bear markets.
The next zone of interest for traders will be the one around 0.57, which as visible on the chart, has always been a tough line to surpass. This first target is at 14 percent distance from the current price.
Second target will be - 0.73 at 44 percent distance.
Goin back to the 1-day chart we will be looking for support around the last visited high at 0.45-0.47 (in combination with the uptrend diagonal) and then the already mentioned 0.35-0.37 zone.
Regards,