Bitcoin Future DirectionThe MA is getting within 10(MA) to 20(MA) being most useful but reactive so using McGinley Dynamic as possible buy/sell position indicator...and possibly expose future direction.
Considering Bear Flag Formation, if flag pole initalised, triggers the next leg which will cross over/under Mcginley Dynamic indicator ($8200) and encounter large resistance to bounce back above, I strongly believe this price area is holding the entire crash.
(Trend Level ($6900).... as its "Never" been broken, why now..trader's waiting for long term buy/bargain)
That should well and truly end this Crypto defining downward trend channel and lead to eventual re-test of overall upward trend channel $12000 dependent on real volume.
Future
Btc projections with fibonacci and rate of climb..!using the max , mean and min rate of limb and trend based fibonacci retracements, the levels marked in green are the estimations of the forward prices in bitcoins over usd...
For the projection 20th march has been chosen as C point retracement to AB in the abc retracement..!
Interesting to watch..
No plans to trade nor invest...
BTC possible short - First target 8600 Hey, this is my first idea ever published. Please note that I might be completely wrong, and that It's made just to add some idea on where the price might go. I will be really glad for any comment reagrding anything wrongly interpreted in my idea since it's my first idea since I started learning TA.
Right now there are two scenarios that I can see happening in the near future. Either we will break above 11500 level, which would indicate further growth to price point of 16222 measured from the bottom of the inverse H&S to the neckline projected upwards from the neckline. So far I see this scenario less likely due to the fact that volume should expand on the break from the inverse head and shoulders. It is still a possibility though, and it should be taken into consideration. In this case I would recommend to enter the market on the retracement move of the breakout from the inverse H&S since you want to avoid getting caught up in the failed break out.
If the inverse H&S doesn't play out, we can see a big drop to the first support level of approximatelly 8600. From there I would expect it to form a possible falling wedge that could bottom close to the recent 6000 low. Falling wedge is a bullish continuation pattern, and sucessful break above could as well mean the end of the correction. As you can see from the RSI, we broke already broke above bearish 28day RSI. If this scenarion would be about to happen, I would enter the market on the retracement move of the break out of the possible falling wedge confirmed both by RSI, and by completion of the pattern.
Hope it made sense, and I hope that I didn't scare you off with my poor english, since I'm not originally from the english speaking country. Enjoy, leave a comment and have a great day!
BTCUSD breaks crystal ballsEverybody is interested to find out where BTCUSD is going!! Well, if you only knew where it was heading you'd have an edge on the rest of the world and make loadsah money - right? Too often on Tradingview and other places - even among some so-called expert traders and trainers - I've heard the words, " I predict.... blah blah... ". These are the folk who claim to have some 'greater' insight on the future - these are the chaps and chappesses who claim to have amazing crystal balls.
Well - a majority of these folks have had their crystal balls broken by BTCUSD, in the last couple weeks! I'm not surprised, at all. Why? Nobody owns the future. Many a trader confuses a probability estimate with the word 'prediction'. If a probability is 60% for the north, all it means is that there is a 40% chance it'll go south. That's by no means a prediction. The word prediction has a specific meaning. If I predict that the sun will rise in the East tomorrow morning, I do not think anybody would be impressed by that. If however I predicted that the sun would rise in the West on 09 December 2019, that would require some looking into for foundations of evidence leading to such 'prediction'. Note that a prediction requires a lot of specificity and a pretty well defined range of time to make it meaningful.
BTCUSD has been a bearish market for several weeks. All the available evidence - right on the charts - show that a down trend is the greater probability. Yet many a trader/trainer has been predicting various high levels. Their so-called predictions are actually statements of speculation for the most part, given with some degree of assertiveness. The markets do not respect anybody. They do as they like.
Lots of traders find a great sense in being right - after an event happens - in what they call ' their prediction ' (come through). If a ' predicted ' event happens it seems to confirm their 'predciction'. No - it simply happened their way by chance (and I'm not talking about luck). 'Sense of victory' is a thief in this business! It'll rob you of your money in the long run. How? You come to feel that you were so right the last time, that you'd be right if you do the same thing in the future. Seasoned traders know that it just doesn't work like that.
Note the above paragraph excludes traders who have developed a sound strategy that matches their personality characteristics, and who have a proven expectancy ratio over a long period of time across several markets.
The following is not advice (I'm sharing my personal long experience and methods):
1. I cannot predict the future - and therefore predict nothing, ever!
2. I can estimate probabilities relevant to a particular time frame.
3. For every probability that favours my estimate, there is a counter probability that I'll be wrong.
4. I chose my trend time frame very carefully.
5. I base my stop-losses mathematically on the ATR and other tools.
6. I agree with myself to accept the loss in advance of making the entry. In other words the money is gone! It's an accepted/acceptable loss at the time of entry.
7. I don't know where a trend will go (being mostly a trend-follower). So, I have no targets but have exit criteria relying on mathematics.
8. I aim to become a 'robot' (not easy) when trading the markets. This is some protection from my inner enemies (never perfect).
9. Nobody has authority over my assessment of probabilities.
10. I do not rely on confirmations on charts, the news or opinions out there.
I do not suggest or imply that others should follow my methods. I claim no successes nor do I need to impress anyone. I believe all new traders should be helped to help themselves totally for free.
Supplemental/optional (some of my personal thoughts from my diary):
On luck, chance and prediction: goo.gl
What is and is not prediction: goo.gl
BTC - THE FUTURE OF BITCOIN IN 2 YEARS - SHORT TERM & LONG TERMHello
@seethefuturegroup would like to share the future of Bitcoin and Blockchain
Currently, Bitcoin is setting its support price at 6500 and has returned more than 7000 USD. However, we note that the downward trend has not ended yet, but it will only stop once we reach the support level of USD 3000 - 3500.
In the long term, Bitcoin will come back with a strong buying power, but not a major buy. And bitcoin will continue to "squirm" in the area from $ 3000 - $ 9900.
We can foresee the future that, after testing the support at $ 4800- $ 5000, Bitcoin will have an unprecedented long-term rally and will grow miraculously to reach a peak of 27,000. - $ 30000 at the Bittrex exchange
We are expecting a good buy at Bitcoin at $ 3,000 to $ 3500 to make a profit in the market.
Let us know what you think, and do not forget to connect with us through the information channels offline
- Telegram Channel: @seethefuturechannel
- Telegram Group: @seethefuturegroup
- Telegram manager: @weseethefuture
- Twitter Channel: @ seethefuture1
- Tradingview: @seethefuture
Thanks!
ETHUSD: The bigger picture and bullish road to 1400 USDHello everyone! I hope you all bought the fat dip below 750 USD last night, because the road ahead is still very bullish IMO. The recent shake off took us back to a familiar feeling as during the January 17th dip, and this also blew through support levels.
It is good to remember the bigger picture in the market and understand the massive growth that ETHUSD has undergone in the past month. As of right now here are the monthly percentages on Coinbase for bitcoin, bitcoincash, ethereum, and litecoin:
BTC: –43.38%
BCH: -53.49%
ETH: -3.98%
LTC: -46.79%
This allows us to see the strength of ETHUSD in the YTD data. Although current standings of most oscillators and moving averages for the 15 min, hourly, and daily Ethereum technicals on the homepage seem to be bearish, lets keep in mind that the weekly and the monthly are still very bullish and are suggested as buys and strong buys in the data. The 200 and 50 EMA's still show a lot of strength. The MADC 4C seems like it is getting tapering off at the bottom, which is a possible bullish signal.
My targets are set for 1400 this month, however another low (double bottom?) to nearly 800 USD before the uptake is possible. Overall volume is still low for a lot of price action, and we are still too correlated with BTC in the short term. I expect to see a breakout of ETHBTC to at least 0.15, if we are seeing the 1400–1800 USD range in the next month or two as well.
I am bullish on the entire crypto market, however the only thing that worries me is the head and shoulders pattern on the entire crypto market cap. What do you guys think of this? CoinMarketCapGraph
Here's the same chart as above but with candles:
Thanks for looking, and for gods sake HODL !!!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
ICNETH (KRAKEN) / Feb. 2018 / KRAKENICNETH (KRAKEN) / Feb. 2018 / Kraken Daily updates on the chart!
GOLD FutureGold minor correction for uptrend. Trade setup with Buy Stop position (EP) at 1344, Stop Loss (SL) at 1329 and Take Profit (TP) at 1354.
Money Management
I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons)
It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500
To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con
Then I will put 1 Contract
If I win, I will gain (1354 - 1344) * $100 * 1 Con = $1,000
The wallstreet hustle!Strategy:
Im sure you've heard the comments about BTC Future market manipulation floating around, and if you haven't - have a look into it.
Im still not sure about the whole thing, but i do find it odd that the expiry dates lined up perfectly with the market crash.
With that in mind, if it is true, then we should see a repeat pattern on the 24-26th of January, and again on the 12th-14th of February.
This is my buying/selling strategy for this week, however we all know how tricky those whales can be!
Lets see what happens next week. If this is indeed a wallstreet heist, then we can expect a heartbreaking crash on valentines day.
Opinion:
Theyll shake us down not once, twice, but 3 times - filling their pockets with filthy lucre.
Once the heist is complete, theyll pay the media to rattle off about the instability of crypto, forcing the remaining weak hands to cut their losses.
people will move on, wells fargo will get their money back, and gamers will get their cheap video cards again.
I am by no means an expert, this is just my ideas on whats going on. Please comment with agree/disagree points! conversation is crucial.
Ethereum- Future of marketEthereum is really something HUGE complicated and sophisticated concept of Bitcoin. Ethereum actual growth is guaranteed exponentially as because it features escrow style token creation in Ethereum ledger. The chart is showing some interesting fact that Ethereum stayed in bearish trend for an year and then turned into accumulation phase with first bull up to $870 but honestly it's just a start of the biggest bull market for Ethereum. In other words, year 2017 was just to add a sense of new digital asset class all across globe.
As Jez San, the chief executive of FunFair Technologies put it this way:
"Think of Bitcoin as the DOS and Ethereum could be the Mac OS / Windows" Remember one thing, developers still use DOS.
LTC - ARE THE JAPS COMING TO SAVE US?It's two weeks since Charlie sold his coins.....
2 days ago (6-JAN-18) it looked like LTC decided to wake up with a flurry of tweets from @SatoshiLite highlighting the coins growth in usuage... transaction volume ...network security ...mining stats "reduce the relay fees from 0.001 LTC/kb ($0.30/kb) to 0.00001 LTC ($0.003/kb). We hope to have that out next week. Once people are using the new relay fees, we will reduce the actual min fee to 0.0001 LTC/kb ($0.03/kb)."
we even got a Dragon Balls gif ....
TODAY (8-JAN-18): We're back to the familiar depths of low €200's (flirting with the $245 line of support - probably headed towards low 190's after I post this)
the Lightning Network looks months away and I'm not counting on the *One huge unexpected surprise* that Charlie tweeted
Don't tell me I'm relying on 27million Japs to harness their chi and drag LTC back to being mediocre again....
(Give me strength)
A middle-long term analysis for XRP/USD.There ar a red lines as a support price, the green lines is a resistance lines. Basically, we get a approx. mean price in U$ 2.5+-0.4, like a "psychology consolidated mean price" for Ripple (light gray rectangle). I suggest a consolidation behavior with blue arrow. The important observation is: how many buyers was holder? This will say if we get a breakout to up or down. I think this coin is really different from coins used only for transactions like Bitcoin, Litecoin and others, and different in relation with Ethereum, that have a lot of other uses, not only for payments, the Ripple coin is a great idea for reduces de cost os transactions with digital and fiat coins around the world. The growth of use and value is really promising.
Ethereum - The future of generation " Z ""Ethereum" is still in accumulating phase as far the longer perspective and vision of Eth. It's easy yet difficult to understand the tech, but the chart correlate with the road map of Eth in long run. Most audience probably heard that Eth will take cover Bitcoin but it doesn't mean that in-term of price. Eth Network alone itself handle 50-60% of whole crypto transaction. Almost every company use Eth blockchain for ICO even the giant like EOS, OMG and QTUM. There will be a time when Eth has huge roam to take over the further 25%-30% of market cap. The best feature of Ethereum is upgradable and POS is on the way.
So it's true that Ethereum can take over in term of transaction, market cap and adoption. The next possible future of CME could be Ether.
- The Canadian media already called "Ethereum" as Canadian brand.
- The Ether alliance has all the big names " CME , JP Morgan... "
Hint: It's under BTC whale radar to buy as per the charts.
entethalliance.org