ETHUSD 4H (in the previous idea, we said will get 2555 now you see that upwards.
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~Above 2000and stable there will get upward till Filling the triangle
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above 2555 will get 2680
and breaking parallel space will falling triangle
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my previous idea about ETHUSD :
Eth-trend
ETHUSD long-term outlook - I see a massive double bottom that is forming and the last consolidation zone at the second bottom after breaking up from this MC curve.
-The target of the double bottom is the ATH that was in 2017
-Since 2017 we are in a bear market, and we are making lower highs but also we are making higher lows so for the breakout we will not wait to much.
Give me a like and follow to support my work i will appreciate it.Thank you!
-This is not a financial advice.This is just my analysis.So make sure to analyse for your-self and you are responsible for your trade or investment
Have a nice day!
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[Reading notes] : chapter 13 how & when to sell shortHello, everyone
This is a threads of my reading notes for the great book: [ Technical analysis using multiple timeframes ]
And here is the notes of chapter 13, how & when to sell short
I will go through all of key points of this book, and find proof from the bitcoin chart.
Why to selling short?
from the book : bear markets occur every 39 months on average and typically last for about 18 months. that is a lot of time where the odds are stacked against long trades and where selling short makes sense to generate market profits for the purpose of current income.
And let's have a look at the bitcoin market for the bear market times:
02.Dec 2013 ~ 24.Aug 2015 last 21 months.
18.Dec 2017 ~ 28.Jan 2019 last 14 months.
In the long time of bear market, shorting is a good tools to catch great profit.
Measures of sell short
By selling short, the trader expects to profit by repurchasing the shares at a lower level and profiting from the difference.
And cutting losses must be taken very seriously when selling short since the unlimited losses.
Shorting takes the right mindset
Selling short is a skill that every serious trader learns to utilize during stage 4 market declines.
The best time for sell short is during a bear market, but there are always stocks in a stage 4 decline that can be sold short regardless of the overall market environment.
What is a bear market?
The most obvious sign of market bearishness is when the majority of stocks are in established downtrends or when the overall market indices are below key moving averages. the best way to define a bear market is an environment in which markets where the 200-day MA is declining.
Let's look at the chart pattern of bitcoin in bear market 2014 and 2018 with 200 day MA.
From the chart above, we can see in the bull run, bitcoin will not touch the 200 day MA, if bitcoin drop below the 200day MA, then it's high possibility we enter the bear market, and 200 day MA will become a major resistance line of bitcoin.
But is it the best indicator of bear market? how can we measure we are near the peak of ATH? find the bear market indication in in early stage is very profitable and very risky also
another clue is the price of stock/bitcoin drop below the long term support line. such as in 2017 bull run, the 20 week MA is the most important support line for bitcoin, but it drops below the 20 week MA on 29.Jan 2018. This may indicate the bear market is coming!
And I found another indication is the bitcoin is not correction in healthy range (20 week MA) and resume to advance again, this means the final ATH will be very soon.
Sentiment of bear market
In the bull market, everyone is very confident, but in bear market, stock tend to drop much quicker than they advance and it has a great deal to do with emotion. bear market are characterized by a stronger emotion response than bull markets because people are complacent when they are winning and become frightened when they are losing. fear is a much stronger motivator than complacency, and emotional liquidation from frustrated long holders can lead to quick declines.
Choosing shorts
Timing need to be more accurate when it comes to shorts, in bear environment, try to concentrate only on the highest probability setups, and keep overall trading activity low relative to your trading volume in a bull market. you need to have the patience to let the market present you with the lowest-risk opportunities. This occurs when the trend are aligned on multiple timeframes .
Some of sharpest rallies experienced by stocks occur during a downtrends, and while these rallies usually fail to hold up in a down trending stock.
Trend trading is the safer way to consistent profitability, so do not allow yourself to be enticed by the rapid movement.
Short alignment
Trend alignment of short trading positions is the lowest-risk, highest-profit potential trade scenario. Whether we trade long or short, the basic cyclical structure of the market never changes.
Find the candidate with daily timeframe
The first step in trading short is to find a stock in an established stage 4 downtrend. when trading from the short side, we ideally want the overall market, the sector and the stock to be in a decline.
In digital currency market, we hope the bitcoin is in decline when shoring the alt coins.
And if the daily MA 10-, 20-, 50- stacked below each other 10<20<50 is another bonus for shorting. let apply these rules.
Shorting choose in bear market
07. Feb 2014, lower high formed in Jan 11, and consolidate in the neck line range ~ 790, but after 1 month, the market choose downside direction, when 07.Feb 2014, we can see obvious MA stacked 10<20<50, it's a sign of bear formed, good point to start short.
13.Aug 2014, lower high formed in 01.July 2014, and break the neck line in 14.Aug 2014, with daily MA 10<20<50 stacking, good point to shorting.
05.Mar 2018, daily double top seems formed, this chart pattern in bear market have strong power to drive the price down. we can setup shoring with stop loss in here.
05.May 2018, daily double top formed, we can shorting with stop loss from here:
29.July 2018, bitcoin price formed lower high in daily chart. shorting!
14.Nov 2018, bitcoin break the major support which support bitcoin ~ 1 year. the longer the hold, if breaks, the large dump will happen. shorting without reasons!
Shorting in bull market
I have to say shorting in bull market is very risky, bulls driven by FOMO of crowd. Don't short in bull market otherwise you're very experienced in trading. And one rule we should always keep in mind is we should ride the trends, not try to violate or control it.
So in bull market, just find the right position to long, don't try to stand on the oppose/low possibility position.
BNBUSDT (Volume Analysis Prediction 7/13/2018)Ticker: BNBUSDT
Exchange: BINANCE
Mid term signal: buy
The coin moves irrespective of the market
Now the coin is on global support
We buy after the reaction of buyers
Stop put below lower point of the current wave
From this support, price unfolded several times
And the reasons to be sure that now the price will break down this point, we do not have
We have an excellent risk-profit ratio
After completing the first goal, move the stop to the break-even point
Enter: 12.45
Take profit 1: 13.50
Take profit 2: 14.65
Take profit 3: 15.60
Stop: 11.77
BTC :- Heading Lower Bitcoin as expected move up closer to 8800 faced resistance and is now making a 2 day bearish engulfing.
Keep in mind we have an uptrendline in place - we need to see if those prices can be held.
A break below 8120 will take us lower to 7800 and then 7433 where we would find support at the purple moving average.
Get Ready for $280 ETHHello everyone, In my analysis, I'm predicting that the ETH price will have a further downside, in fact I believe the market as a whole has more downside too. My analysis is as follows:
1) There is a large bearflag that has formed, and in being generous, I only set the bottom to 280 for now.
2) If you look closely, there are 2 previous large bearflags that have formed above this one.
3) The bearish divergence on the RSI
4)I'm not going to draw it, but everyone that follows the market and other technical analysis, understands there is a downtrend channel that is not being broken.
5) It's not shown here, but the volume also helps confirm a current downtrend.
6) On the opposite side of the overall ETH structure, you can see how it stayed in this area for a while before breaking out above. Not sure what this structure was. (Cup and handle?)
7) There is a predicted massive resistance waiting at 450 ETH.
And this is where it call comes together... This rally up is going to be a bull trap. When the failure occurs and the break below the bearflag happens, ETH will find a new home.
Welcome to 280-360 range ETH trading again, YAY!
Based on my prediction, I will not buy a long position in the market until we reach that area with low volatility. Then I will be a long term holder of ETH again.
If however, ETH breaks clearly above 450 and holds above for at least 1 day. I will definitely change my mind.To everyone else trading out there, good luck!
Just want to finish out that this is not financial advice and any trades and positions you decide to buy are purely your own responsibility. In other words, you assume 100% risk and at the same time 100% reward or loss. This technical analysis was made purely for my entertainment.
May BTC reach mars before Elon Musk,
Medium-term trading with Ethereum. Possible impulse
In the last idea we discussed with you the position with ether. And it brought us a lot of profit. I was talking about a possible correction and it worked well. Now possible correction has been performed and the downward momentum has begun. Basic support for 300. We need to break through the intermediate support
12/14 ETH Trend Forecast PredictionBased on a number of highs and lows, I'm attempting to forecast the swings and general direction of the trend line. I'm thinking things will pick up in about 5-6 hours and start a bull run, achieving the bull run toward $800 USD. I think it will stall a little over $800 USD through tomorrow morning before eventually running back up to $850-$875 USD later tomorrow, then dropping back down to sub $800 levels.