Fibchannel
AUDNZD LongChart is looking a little bit messy here but tried to keep it as clean as possible. Wanting price to come to the area of STRONG resistance one final time before downtrend officially starts. Fib channel tool has been used and price seems to be bouncing quite strongly on the first line towards the 25% line so take your profits wisely. The heart-line has been touched numerous times also. There has been a bullish hammer formed on support line followed by a strong bullish candle. (30m).
BTC (Y20.P1.E13).Bullish Ascending Patterns.ABCDEHi All,
Just an observation.
If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns.
> They are in an upward wedge pattern and also in a channel.
> I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others.
> The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well.
Question is, will it repeat once more to hit the 9.4K (to 9550) target?
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
Natural Gas Fib Triangle Interesting watching how Natural gas price is responding to those two different Fibonacci channels
The one is the upwards Fib channel we were in before selling off and currently rejected from - upper resistance, and the other one is the one we are consolidating in for the last couple of weeks moving downwards giving the down sloping support . Those two lines make a triangle - narrow blue area - where a less volatile asset would potentially consolidate in for a while before breaking towards any direction. Natural gas been volatile as it is wont stay there for long though.
Happy trading :)
BTC (Y19.P6.Video.C) Cont.Is the bottom in?Hi,
Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend.
****************************************************************************************************
Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation.
The logic of this chart is also used as a reference but I did not have time to explain it in this video but it supports my thesis with the bottom being in.
I will include that post in the next video as well, to explain why I think the price will move a certain way.
The logic for this chart below, posted back in July is that after parabolic run, we will naturally see a sell off at the top.
and then the price will drop back to the support zone where it all started from, the parabolic run. Here there is an already established channel.
****************************************************************************************************
In this video I will be talking about the current trend and its structure and what my take is from a number of sources.
Hence this presentation is a compilation of ideas that I have taken from others and incorporated them with my ideas as well.
Unfortunately I ran out of time so I will need to continue this video to finish of with Moving Averages and the 3rd part, which is fib. channels.
This video quickly recaps the previous videos and covers the x2 Btc cycles that occurred with each cycle having 4 phases or stages.
Each stage identified with its parabolic advance which is supported by the RSI
phase 1 and phase 2 have a common support level, base trend line
so we are going to try to use this historical reference for today's chart
This video covers chart structure using fibonannci as a means to make sense of the chart, I will highlight key milestones and pivot points
with the help of pitchfork, fib fan, fib circle, fib extension levels
The last part of this video covers the MA method.
Using Ma, we get the bottom support line using the 50,100,200 weekly ma.
cross over represents a bullish momentum.
Previous Video Post
July 22 post, that is somewhat accurate for today's price structure and this post demonstrates why it works based on a no. of assumptions.
BTC (Y19.P6.Video.B) Cont.MacroOverviewHi
Yesterday i posted the 1st of many planned video's to come.
The first video covered BTC at a high level, which encompassed the life cycle of Bitcoin and the many phases that make it up, which is based on my perception
and what I see from the historical data.
This video is to continue off from where I left yesterday to cover some other components I have observed with the bitcoin cycle.
To recap from the previous video, I pointed out the following
> The life cycle x2 and how we are moving to the 3rd life cycle
and why I think we are about to complete phase 1.
Now I talk about other components that I didn't cover or just slightly touched on
These are:
>Symmetrical triangle
>Fib.pitchfork which gives us a channel overview and to understand how we change trends.
>RSI
>Common baseline \ trend line for support
>Price pullback in the phases
I didn't get to cover or demonstrate the usefullness of Fib.Circles and its relevance to today.
Especially around the pivotal point of 0.618, =7400 price range and its significance.
That will be the video after this.
Please gives a thumbs up if you agree or like it.
Regards,
S.Sari /CyptoProspa
The Charts to go with this are here"
BTC (Y19.P6.Video.A.1st.of.a.series.of.videos) Macro.OverviewHi,
Yesterday, I attempted to present a overall assessment of BTC in the single video, which turned out to be bad for a number of reasons, most of all, the voice recording, it was terrible.
So I decided to break this presentation into a series of posts, each covering BTC from a specific point of view and level in terms of TA.
This video post covers BTC from a very high level, from 2012 to the present day and future, end of 2021.
I have kept this video at a high level so I can get a few key points out.
The next video will focus on Year 2019 and were we are at.
I have also added links here for recent BTC TA, if your interested and these do fit into the next video in terms of reason and the argument as to why we are moving away from a down trend
and back to another bull run (Phase 2. watch this video to understand).
So please have a listen and I will happy to respond to any questions or points that you want me to cover in the next video.
PS> I played back this video prior to posting it and it sounded good. I switched the microphone with a quality one and deactivated the mic component on the bluetooth speaker so it just acts a speaker (BOSE speaker + also acts like a microphone).
Fingers crossed, it uploads with no quality loss.
The next video post, I will demonstrate the usefullness of Fib.Circles and its relevance to today.
Especially around the pivotal point of 0.618, =7400 price range and its significance.
Please gives a thumbs up if you agree or like it.
Regards,
S.Sari /CyptoProspa
BTC (Y19.P6.Video1).My.MACRO.Overview.For Yesterday and TomorrowHi Viewers\Followers,
This is my Vision for BTC based on a number of observations as well as ideas from a number of sources\people I follow.
This presentation is my first so please be patient, but also be ready for a convincing argument to the hypothesis.
I will cover the following:
a) The life cycle of BTC in terms of price movement
b) Sections or phases to each cycle
c) Indicators or mildstones that I believe are significant
d) Current situation
e) Next section\phase and price range.
f) In the presentation, I will point out a few things
i) BTC Halving
ii) Fib channel \ pitchfork
iii) pivot points
Summary:
Good news is BTC will go up significantly based on the last 2 cycles of BTC.
I will try to demonstrate and explain why\how in this video.
Note: Past history is not indicative to future movements but one thing I noticed,
and many mentors I follow also say the same thing, that BTC is Technical Analysis.
However, each phase had minor parabolic moves and the 3rd the major parabolic advance move
I called them 1st phase, 2nd phase and 3rd phase and 4th phase, Bear trend\market
Its occured x2 times?
2012-2015
2015-2018
I demonstrate the usefullness of Fib.Circles and its relevance to today.
I had no time for covering the 21 and 200 EMA.
Please gives a thumbs up if you agree or like it.
Regards,
S.Sari /CyptoProspa
Note> When I have time, I will post details screen shots to help understand the video and areas which I might have forgotten to talk about or show in detail.
CRSP - ascending fib channelWatching this one. Many stocks have entered this parallel channel pattern since the beginning of 2019.
Fib channel shows good heartline support.
It all depends on what happens with the financial system and stock market in general, but nice swings have been playing out here.
Bitcoin can't have all the fun! - Ethereum! (ETH)Hello friends, traders, everyone...
Ethereum is the turtle of the group! Took longer to complete the breakout, spent FOREVER in the buy zone. But, we saw a great move up in the past days after completing a 62% retracement. Now, we have measured here the new impulse wave and identified some more entries. Typically, I target the 127% and 162% extensions after a Fib retracement is completed. So, I will not enter here. I have annotated my anticipated entries on the new chart here on the right, and outline the previous "ideal trade" on the left to help better show where my thought process comes from here.
Keep an eye on Eth for these new entries. Because I anticipate more small correction still on Bitcoin, ETH should have no trouble entering these juicy buy zones below.
Good luck traders!
Previous Analyses:
The Show Goes On, Lucky 7's Part III - BITCOIN! (BTC)Friends, Traders, Everyone...
This has been, quite the few weeks for Crypto and Bitcoin. I see many people saying, what has happened recently is manipulation. They say things like, it was just a consensus pump. It's just manipulation.
This can always be said for this LOW LIQUIDITY market. It is easy for big players to push price around, and algorithmic driven bots have hair triggers, almost as emotional as many traders in this space themselves.
While these people sit on the sidelines calling foul at missed moves, you have to be on top of your game, just doing you. At the end of the day, only the CHARTS can be trusted to give the truth. Everything, and I mean EVERYTHING is shown on the chart - whales can hide behind anything, but the charts do not lie! So, manipulation is the wrong mindset to have - maybe it's there, maybe its not - and we all know deep down, of course it is. You have the Bitmex bears, players like Bitman, and don't get started on the Bitfinex/Tether drama.
The only thing WE can do, is trust our charts, and have faith in ourselves as traders with GOOD STOP LOSS and DISCIPLINE to keep us profitable. Remember all of this and take what I am saying to heart - blaming manipulation will not get you far. Take ADVANTAGE of it, trust yourSELF and your CHARTS.
Enough of that! On to the charts. In my last analysis shown below, we called for a BIG retracement on Bitcoin - now I ask if this was simply a fat finger, WHY are some analysts able to see these things coming?! All manipulation falls victim to ONE RULE - the charts! We entered the 0.618 Fib Time Zone from the last bull run, and sure enough, BOOM! A massive 62% retracement. Now, we fell back below the fib channel which is now going to act as resistance. This is a good thing - we have two simple paths. We can retrace further, down back to the fib retracements - 62-79% area ($5800-$6400 area) which is a PERFECT BUY. Or, we may simply have ALREADY completed this retracement - if scenario #2 is the case, this market is VERY BULLISH, as the drop was bought up fast!
Now, it's up to you to be the judge. Are we in a BULL MARKET, or has this all simply been tomfoolery. I cannot say for sure, all I can say is FIBONACCI has shown none of this is COINCIDENCE.
You must decide for yourself, I can only show you what I SEE in the chart. Now, I anticipate either we will see another, less violent drop below $7k to retest a retracement (look for buys) or simply, we will gather strength and break into the next fib channel above. (about $7600 area at time of posting). So, if you are feeling good, you're either long already, or long from where we are now. Either way, I will not long again HERE. I had long orders which filled, staggered under $7k down to $6400. For now, I will have a tight stop on those, at $6900. We can then look for another breakout near our LUCKY 7 target - $7777. With an ultimate target - of ABOVE $9k. There, we can reassess and judge our chances to test the big boy psychological resistance at $10k
As always, use your head, be safe, trust your charts, and above all, be DISCIPLINED in all you do.
Good luck traders!
Previous analyses: