GEMINI
Inverse Head & Shoulders looks ready to launch!According to Gemini's chart if we were to confirm the breakout from the inverse head and shoulders pattern here the target is in the 17k range. Let's hope this validates. The market certainly appears fundamentally ready for this kind of leap. I'm thinking a tight stop loss maybe a pip or 2 below 10.5k would be wise maybe 10290 or so. or it could be safer to place the stop loss a 2 pips below where the CME futures gap is to ensure I don't get stopped out into a bear trap that just shoots right back up after liquidating a bunch of overleveraged longs. It certainly feels like the pattern is going to be validated but we've been here before so I wouldn't be too trusting of that just yet.
BTCUSD-15 MIN- IndicatorThis is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. The detailed description about the indicator is as follows:
I have taken 2 lots of BTCUSD as default trading quantity and one for partial booking after 50 points which can be customized.
Long Period: Period for calculating Primary Signal Line (Yellow).
Long Period Input Source: Input for calculating Primary Signal Line.
Short Period: Period for smoothing the Primary Signal Line.
Short Period MA: Method for smoothing the Primary Signal Line.
No. of ATR Bars: No. of ATR bars for calculating Primary Signal Line.
ATR Multiplier: ATR multiplier for ATR calculation.
Trade Trigger: Value above or below of Primary Signal Line for Long or Short signal. The dotted lines in Green and Red color represents the same.
Bar Crossover Input Source: Current bar input for additional signal confirmation above Primary Signal Line.
Bars Above Signal High: No. of bars closing above Secondary Signal Line (Blue)
Bars Below Signal Low: No. of bars closing above Secondary Signal Line (Purple)
No. of bars crossover method uses certain no. of bars for closing above High or Low of the crossover of closing price and the Primary Signal Line in combination with Trade Trigger. The idea behind this design is to avoid fake signal due sudden spike in price. Also, this ensures that price consolidates above High in case of Long signal confirmation and vice-versa. By increasing no. of such bars, we can anticipate, how much time it takes for short-term and long-term trend reversal.
Depending upon the time-frame, just by observing the High and Low of previous crossover of closing price and Primary Signal Line, we will have better understanding of undercurrent of market.
By using different combination of Trade Trigger value and no. of bars above and below, we can anticipate better trend confirmation.
The various combinations of price source of Long Period Input Source and Bar Crossover Input Source, the Short Period MA method shows promising results. Kindly PM me for these optimum settings for other financial instruments.
It always better to book partial profit after getting into the trade which increases the odds. The default trade quantity is 2. We book 1 quantity after our partial profit target is reached and let the remaining quantity be in the trade until the reversal of trend. By enabling or disabling the same we can determine the profit or loss from historical trade from when the trade quantity is 1. Just remember to change the default quantity to 1 in Order Size from properties when you disable the Take Partial Profit option.
Take Partial Profit: Whether to book partial or not as explained above.
Partial Profit Points: It always better to book partial profit after trend getting into the trade. The default trade quantity is 2. We book 1 quantity after our partial profit target is hit and let the remaining quantity in the trade until the reversal of trend.
#BTC Update [May, 12th] : building out an ascending channel#BTCUSD: Looks to be building out an ascending channel
#Bitcoin still remains bullish after a show of high volatility on these complex events; the bitcoin halving, Paul Tudor bought bitcoin, JPMorgan bank takes on Coinbase , Gemini as its first crypto exchange customers,...
Two possible scenarios
1.
Retest 8,400 and bounce on the uptrend support then we most likely get the top of the channel at 10,000 ~ 10,500 again; or heading upwards now to hit 10,500 level without retest support line.
2. Leaning towards the bearish side, breakdown of the support line will result in revisiting 7,600 level. If losing that support would lead bitcoin to the bear market on the mid term.
Don't predict the market, stick your plans in all scenarios and always have a plan B.
Final Pump Before The 2020 Bitcoin Halving? Weekly TFRight now Bitcoin (BTCUSD) is facing resistance at EMA100 on the weekly timeframe, this level is now sitting at $7105.
I am seeing the possibility of one final jump before the halving drop, this can only happen if BTCUSD can move and close above EMA100 and EMA10 ($7100/$7200).
Looking at the Fib. levels and the downtrend line coming from Junes' peak price, this jump, if it happens, can hit around $8500 to $9100 more or less. These are just projections, we know that the charts can easily change and prices go much higher or even go the other way.
Below you can find a short-term analysis on the daily timeframe, it was shared earlier today:
Now, Altcoins Market Update
The Altcoins vs Bitcoin (ALTSBTC) pairs will now produce a strong bullish wave, make sure to buy and hold your favorite altcoins to collect great profits... Patience is key while this wave takes form.
Feel free to leave a comment if you have any questions or would like to share your thoughts.
Thanks a lot for your continued support.
Namaste.
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This information is intended for educational and entertainment purposes only.
This is not financial advice.
I love you! ❤️
Bitcoin Breaks Descending Channel, Trading Above ResistanceBitcoin (XBTUSD) broke out of a descending channel and is now trading above EMA200.
The immediate resistance is now at $7155 or EMA300.
Prices for XBTUSD can range between these two levels until one breaks.
We are of the bullish perspective as we just broke the descending channel and have bullish indicators.
If EMA10/EMA200 fails as support, we go bearish on this chart.
Thanks a lot for reading.
Namaste.
Comprehensive work for different time-frames Bitcoin(Gemini).You can share your LOVE , by giving me LIKES and COMMENTS : this your action will inspire me to work more and more...
Hey, My dear Trader s(Friends),
This is my second posted an idea , the first Idea was successfull y target achieved.
On the parallel channel( value area ) are plotted following analysis-:
At the value high, 4 yellow dotted.
5 touching on the Control Price line
3 Dots having value low
An excess found.
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Booked Profit of 587 points in the last update.
Here is the complete timeline trades post:
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--->> Daily chart, Break-Out ...?
Look at the "?" breakout is the question .
2-control lines
parallel channel with value high and low
an excess found(penetration)
Remarkable point:
=> 1) Volume started to rise while last tested at value low(b) which sign of up-breakout. if there's up the breakout, then price not break (b) orange line (gravitation).
=> 2) Point should be note that, many Dots or many times price tried to touch at value low("b" line).
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The weekly chart is still bullish :
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
---> ATR 1379 point on the weekly chart.
Calculation of ATR:
1379 ATR + 6775 last week closed = 8154 target of this week .
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Top reversal Head & Shoulders Pattern :
Ref:
Bitcoin Looks like 8 weeks of bear power on the way?I'm gonna keep an eye on this weird triangle ...
if the triangle breaks down (70% odds) we may hit around $8500 if that don't hold we go around $7200
but also the MacD on the weekly looks like is gonna rape the price until October...
in the LONG LONG TERM I'm bullish....
but in the next 8 weeks I'm bear... :(
Zcash: #1 Privacy CoinWave 1 completed. Wave 2 cannot drop below $45 or chart is invalidated. Wave 3 targets below.
T1: $175
T2: $250
T3: $350
*In case this is an ABC, I added wave C targets. Wave C targets should act as short term resistances and I'm expecting price to break through these.*
1D RSI oversold
BTC summer analysis 2019 080219first shot at fully annotating a chart. probably tried to fit too much in too small a space but whatever.
1. looks like that first yellow zone gets tested ~38.2 bear flag fib. 3rd time looks like it will be the charm if i had to guess with price breaking above
2. next up is "The Breakout" level
3. Final is the diagonal, then...moon?
Probably a breakdown and shakeout and reaccumulation but you never know if this train keeps running.
Will be interesting to see if we run hard here (maybe more chance of a breakdown / shakeout at the diagonal) or take its time stepping up those bear flag fibs which gives bulls more time to stock up on inventory and may increase the chance of breaking through the diagonal on its first major attempt. i'm leaning towards a shakeout first.