Etherum
ETHUSD in a Massive Descending Triangle (Kitchen Sink Post)Here we have Ethereum on the log chart and as the trend line and hammers show this is the third time previous support has flipped to resistance and so at the very least some sort of down trend is to be expected.
The EMAs being used are the 13 and the 48. ETFHQ.com did a competition on the best golden crosses one could look for and found across all asset classes and markets that the weekly timeframe, with EMAs, and with those settings work the best. Since they did that before crypto was a thing I generally use those settings on the daily or sometimes the three day. Price action has been pinched between those EMAs for almost a month now, with the exception being the breakout at the golden hammer.
The Nine Seasons Rainbow has just flickered bearish on the lowest timeframe and is signalling weak bull markets on most other timeframes. This isn't enough by itself to signal a trade, but it is a few more grains of rice on the scales that this will resolve bearishly
The volatility stop has been adjusted to only show the short stops to help clean up a chart that may get otherwise cluttered.
Forgive the awkwardness of this chart but I plan on taking profits on the arithmetic chart and so it is hard to see what is going on with all the price action while focusing on this wonky trendline. It started as me extending to the right the golden trendline from between the arrows but then I thought about extending it left and that is what I got. I don't know if the line will still be valid, but I will be watching it. Further that, the MACD does appear to be rolling over in a normal matter on this weekly chart.
The chart below is probably one of my most noisy but I have been using it for years so I can tell whats going on rather well.
Clouds
The price action at the top edge of the standard Ichi moku cloud. Awful place to look for support.
The crypto cloud is looking a little to thick for it to transverse now.
Price is currently on the cryptocloud Tenkan and the kijun is at $190 and would be a logical consolidation before the next leg down.
VPVR
Chart is set to the beginning of the last bull run
The price action looks like it should be going edge to edge on the value areas at least.
Point of Control at $130 is another potential consolidation area.
If we slip the Lower Value Area the next stopping place would be around $45.
OBV EMAS
Hidden bearish divergence
OBV has slipped the 10 EMA and is not testing it as resistance
If I am right the OBV will go to the 100 EMA or below.
Money Flow Index (Price adjusted RSI)
Continuing to tighten and poised to at least test support again. If I am right this almost three year tightening pattern will break to the downside.
The month chart with the OBV EMAs and MFI still looks real bad. Lots of hidden bearish divergence and that tight red candle last month makes it look like price action will be rolling over. We might see a an evening star pattern.
This next part is experimental stuff for me. I have been playing with the Volatility stop on various timeframes and so far I like finding pinches between the main chart setting and then 2x. So the chart below has VSTOP for the current time frame as dots and the 2w VSTOP as lines. The 2W VSTOP really does appear to be asserting itself as resistance and so we would be using the stop as an entry. One thing is clear: If you use the 2x stops as stop losses when this is trailing sideways you would lose a lot of money.
Conclusion
This is a lot to go over and the picture is pretty grim. One thing you won't see from me is a post saying the exact opposite where I enthusiastically go over the bullish scenario. If I had a bullish scenario that was even half as strong as by bearish scenario I would not be posting all of this mess. Price action should be going to at least triangle support at around $85. Everything after that is even more validation of the everything bubble I think we are in.
Best/Worst for ETHLet's assume the unthinkable can happen in Crypto, pray that it doesn't but if it does you've got a plan.
ETH has 2 insane setups that if they did occur, you'd know where to buy.
Setup 1; we assume we're completing the 4th soon to be 5th wave of a large Wolfe Wave.
Buy when we hit $30-50
Setup 2: It's a huge inverse head and shoulders, price finds support on demand @ 120's.
Buy the Dip and HODL.
Obviously we don't want to see us hit these lows, but if we do, time to reload.
Bitcoin Pump Expected back towards 8kWelcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Expecting a pump back with structure it has printed on the market. Hope this may do good with our portfolio again. Sketch up your own trade setup before you take off. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
BTC Repeating Historical Boom (13k) in 2019. Take a close Watch!Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
When considering both cases happened on 2019 and this year I see a very similar price action happening with the current bitcoin gains. As of it has broken a very important key level held at 6.5k. We can witness a retest back on this key level and price shows up a continue in its gains, this scenario is 100% valid. All we gotta do is wait for a proper and accurate confirmation of a reversal. I have seen this current price action as a bear leg until it was maintained under the key key level and it left unbroken. Now I have washed my eyes and started to watch closer on this btc gains along with the gold it happened. Build up your own analysis, Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
S&P 500 (How the bankers steal your money)Now that we have dropped very hard it lead me to question my original analysis of it dropping further.
I think this drop may actually be a very large bear trap.
Thinking back to Bitcoin cycle everyone thought the top was 7k when It tested 5k but that was really a huge bear trap.
I am also seeing the same fractal Ethereum made before it went higher.
it's easy to let one red candle distort your perspective (and I think this is what happened to me trying to call the top of SPX)
I make mistakes I might be an alien from the future and I am perfect but I too still learn things.
I admit my mistakes.
Short term I think it will drop a little further but big picture this is a great time to buy the panic.
Stay safe & stay profitable
COVID-19 fear will blow over soon.
- Dalin Anderson
Ripple has found its Major Support before the next Move!I had an eye on this support which I have marked out on my tech sheet from a while. So with the rejection/ price action happened on the support is very promising me for an trend reversal inside the structure. So I'll be willing to long from this price level to those two targets which is highlighted in light blue dashes. Consider this trade setup at your own risk. Good Luck!
ETH.USD P-Modeling Pt 103.X The Simplicity of a CajunWelcome Hyperspace Agent,
Below 14$ per ETH before end of April.
Flash crash to penny's?
It's been a long time since a public ETH.USD post. I have 15 private ones, but they will stay private.
April 20th 2020.. Alt Season.
What is above; is below.
Take away the lines. Take away the geometric's. And you are left with A simple box, and a few simple linear.
The Cajun is probably wrong though, as usual.
;)
Just ponder this...
BTC .Dominance goes to 95%+
Simple. Private idea.
A bitcoin story leads into reality.
Goodluck.. Be strong.
Be free.
Thanks for Pondering the Unknown with me,
Glitch420
Bitcoin is still printing its handle for the Cup formedHello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!
Its a clear structure of a Cup and Handle pattern for Bitcoin . But still price making some fluctuations in between the parallel lines I have marked up and still the handle isn't completed yet. So a perfect breakout from handle will surely support for a massive profit potential but still I am expecting target around 12k as its very realistic as it seems to be. But this can possibly reach out up to 13.8k ahead.
Leave me a message on TradingView for other trade related services. Thank You!
Altcoin DecayAlternate cryptos all have their day in the sun when they launch but ultimately in the long term none of them have the staying power of BTC. Crypto prices are highly correlated in the short term but over time altcoin value decays compared to a BTC benchmark.
This is a long-term divergence play, shorting a basket of well established altcoints and hedging against short-term volatility by going long on an equal value of BTC.