Price/MACD Daily Trend Divergence Portends ETH/BTC SurgeWhen price makes lower lows but MACD line makes higher lows this is the divergence I am referring to (as circled in orange). This has only happened 3 times before and each time a massive rally has followed in the ETH/BTC ratio. Based on past moves, the rally could return between 400% and 2200% (from early Sept. lows) in as little as 55-166 days. I believe the rally will be more similar to the first two instances of divergence as the third instance did not take us to new highs and occurs within the wake of the second instance of divergence.
Flippening
ETH/BTC - Monitoring the 1D chartI do not own ETH/BTC.
What I want to do here is monitor the chart, consistently, looking for where a bounce may occur.
Then potentially put in an entry with a tight stop when a trend change seems likely.
@CryptoDonAlt (one of few decent Twitter traders) has said 0.15 mark could be where it bounces.
Will check in on this chart regularly and observe the overall trend. Not out to catch a knife.
ETHUSD - Proof of Stake Going to Be Huge For ItHi Guys,
Just noticed that ETH recently completed a bullish diametric which means that it ain't over yet for ETH. I'm assuming that with the coming PoS for ETH planned for (or delayed to) mid 2019, its already starting to have an impact on ETH. Maybe the flippening isn't just a meme after all? :)
I'm pretty new to using diametrics, and I find it pretty difficult to find reliable rules for it, but it does look like each wave of the diametric is 3-3-3-3-3-3-3, similar in time and that its direction will be up (I'm assuming that it will continue from where it is - but I haven't found much in the way of price targets off the end of one). I think they act more as a reversal pattern, so it has recovered from the dump at the peak? It should break the last high no problem though from what I can see here.
Looks pretty good from what I can see - and I'm really not that bullish on BTC right now as I think it is nearing it's top, so we will see what comes of this.
Flippening watch: ETH to surpass BTC by 2022This analysis builds on previous charts made linked below.
Ether has successfully tested and a new multi-year trendline.
This pattern of breaking a multi-year trendline to the downside during a bear market and establishing a new one during the bottoming process has returned time and time again in crypto markets.
The new trendline dictates that Ethereum is going to surpass Bitcoin's market cap before 2022.
In the short run we see that we are currently at horizontal resistance, which should become support once passed.
First downtrending resistance will need to be touched at 0.048 after which consolidation till july/august is likely.
I do not intend to take out my position at 0.048 because the reward (possible retest of trendline at 0.035 or so) will not be huge compared to the risk (immediate break and rally higher)
Bull market to start shortly after.
Have a look at my older Ether ideas to have a better understanding of my big picture view.
The flippening (Ethereum dominance perdiction) If we look at the ETHXBT chart from Kraken (okay volume, lots of history), we can see that that the ETH BTC ratio has been forming a triangle on the daily/weekly charts. I have drawn two triangles, the smaller one connects the 6 hour closes, the longer one connects the daily highs and lows. The analysis of ETHBTC bittrex charts also has the same timeframe on the weekly charts. Generally triangles break 2/3 - 3/4 to completion, since there two I made two time measures under. Creating a handwaving break out period at 3/4 completion of the smaller triangle, and halfway between the 2/3 and 3/4 measure of the larger triangle and giving an accurate measure (vertical green line), that could place our ETHBTC around the 0.23 zone by October 2018, which also is the area of the 1.68 area of the initial breakout.
The first time that the weekly stoch rsi hung out in the oversold region for roughly 260 days in a consolidation period in May 2016. The second time was July 2017 for 120 days or so. So by the end of April we should hit the bottom of the stoch rsi and stay in the oversold region till August. The weekly macd looks bearish for the next few weeks, but if the macd falls lower the next potential long crossover signal could be strongly under zero. Now looking at the monthly stochastic rsi, we are crossing at the bottom for the first time, entering new territory.
The 49 day moving average seems to be a decent indicator of the situation as well.
So my current perdiction is that we enter the first smaller white box at the bottom between April and November, possibly tagging the lower trendline. While that happens the weekly stoch rsi regain strength and the weekly macd give a bullish crossover under zero. At some point there we will see the 49 day moving average crossover and stay on the underside. This should begin the move to the top target region around the 1.68 extension.
Things that would invalidate this analysis:
1. Breaking of the bottom trendline by a weekly close under 5%
2. Failure to break the top by the start of July 2019
3. Double peak formation at the previous ATH on the weekly
4. Failure to achieve the target zone by February 2020 (125% of the smaller triangle timeline).
Discussion is welcome, please consider the is pure speculation.
BTC goes down, BCH goes up & Viceversa 2018I know, you don´t like Bitcoin Cash couse they claim to be the real Bitcoin. Actually that's another topic.
In this 3x chart we can see how there is massive capitalization pushing BCH up and coming back, so this is not only trade marks, furthermore it is the ideology of decentralized virtual currency, "how the developers have to be decentralized"... Back to the chart, we watch how just after opening the trade on GDAX America, the price went up passing the mid-flippening It had another try after this.
What is on my mind?
This 2018 everytime BTC will suffer, BCH will rise.
Capitulation could be coming sooner that I thought. VERY MUCH.Unbreakable warriors and shaking weaklings alike!
I was holding this post until a few more weeks at least, I was hoping for a rally towards 13 or even 16k open short there and make a killing.
But the news might have precipitated capitulation.
It's not so much that they drop news to scare people, it's that people are uncertain enough to get scared by them.
If these strugglers (newsmakers) were able to understand how this works they wouldn't have to post fear news to make money in the first place.
Or maybe they wanted an inside candle on the monthly chart. These things sure are powerful. Very powerful.
I want to post this before a big crash happens for recognition. And I spent some time on it would be a waste :)
I think we can bounce once more towards 9-12k, but after that it's going to be pretty risky to open longs up there unless we go above 11788 (naturally...).
There's a good chance that the herd that lost hope by now and doesn't know what to think anymore, predicitons have been harder and alot of manipulation has been going on is just going to want to break even when we get to their buy zone mainly 6-12k.
The laggards broke even with a small loss at 17k. It's the ones that got in a bit earlier when we got these big big green volume bars, that are now worrying.
They thought they got in early and are safe "the smart ones", but they're not so sure anymore. They are going to break. A whale buying tens of thousands of Bitcoins
would have a hard time giving them hope this time around. We might get a whale seling actually, and MtGox wants to sell too.
The thing now is people that got in "early" are uncertain now and don't feel like the smart early ones anymore and started worrying.
Any news, anything can cause a mass panic by now. The rule is if it can happen, it's going to happen.
You got even "experts" on Trading View chasing their losses since 12-13k. What are they going to think now?
How it was back in 2011-2014 Mtgox days:
The thing is, I was open to the possibility we could be in the same scenario where 20k rally is the same as the 2013 rally,
a retrace and then go to 50-100k and then it's the big crash. Maybe not...
Now on the daily we got a lower high and a lower low, and we can see the sell volumes are not getting smaller.
Just like in January. People are selling more and more.
www.tradingview.com
On the weekly chart we can see the weekly inside candle broke bearish.
We also lost the important 9k level, oh and also some EMA and trendlines got ravaged.
I don't know what will happen exactly and when it will happen, but one thing is certain: going long just got a whole lot more risky, and going short a whole lot less.
We could be going very very down, very very fast :)
“When people get fearful, they get fearful en masse. Confidence comes back one at a time. When they get greedy, they get greedy en masse.”
People are not on the verge of becoming greedy now.
When people are fearful, be greedy. Just wait for the big red candle.
+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
BTC Bearish Through FebruaryThere was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.
BTC, a return to the 100 Day Moving average?
The pitch fork in this chart has generally held since September (I drew it on back then, so it's not been retrospectively fitted) the last time it broke down from it, we saw a large corresponding drop in short interest as can be seen at the top of the chart in red (shorts) and green (longs) there was also a large spike in volume - quite probably the shorts closing and taking profit, resulting in our nice green candle the next day (well, lets add in some FOMO and new buyers who saw the dip and saw this as an entry point)
This time, we don't have the same volumes or short interest so it's looking like a slow bleed. With many exchanges not taking on new clients right now, it's likely we won't see the same levels of FOMO and BTFD occuring - coupled with the China FUD putting a general damper on BTC.
Will we see a return to the 100 MA before we go up again? I don't know. I wish I had the testicular fortitude to make that play, but I'm not sure I do.
If 14000 breaks down, a short with a target of around 1200 would be worth the punt, just keep stop losses tight as generally shorting BTC is like putting a loaded gun to your head and pulling the trigger.
This Coin We All Wish We Had Is Beyond ExponentialWhen you can´t beat em join em !!
Expect long after long peeps !! This coin basically makes trading free if you accumulate it.. It´ll be the first to really cause a flippening with BTC..
You heard it here first ... lol
Have fun and Best of luck !!
*** scale is log