US 30 (DOW JONES index, DJI), Waiting for sell signal I'll open sell after fake broke of key level 26954.0 because:
- 26954.0 is a historical 10-Month High.
- Many traders will close their buy positions near this level and it can cause falling of the price.
- Potential profit will be in 5...20 times bigger than risk.
Historical
TTKOM BUY OPPORTUNITYMonthly and weekly chart trendlines are down.
Fresh and historical demand zone at 3.48-2.93 area rejected price 7 months ago.
We have a nice weekly demand zone at 4.22-3.85 area.
We have a uptrend on daily and we have a daily demand zone over weekly demand zone.
Entry price: 4.32
Stop Loss: 4.12
Profit: 4.92
R/R Ratio: 3
Inspiration from Historical DataHello Everyone,
I have been exploring EURUSD charts back in the history to find an area with similar patterns.
Please have a look back at the period 2017-05-17 to 2017-06-23 with daily bars (STAGE ONE)
It may be possible that EUR will swamp in this swing between 1.1125 and 1.1280 for a couple of days and may require a break and a closure around 1.1330 area as per the closure of 2017-06-27 (STAGE TWO).
For today I happy of my very safe 20 pips trade even, with a SELL at 1.1261 and a TP at 1.1241.
I didn't expected this incredible fall to 1.1200 frankly! Anyway pips are quite heavy so here so I'm satisfied.
Now I'm looking forward to today's closure to update my forecast :)
See you soon!
P.
BTC Very Long Term - Year 2025Using only historical data, Fibonacci, and simple Geometry, I'm making this very long term Bet to BTC with 2 kind of possibles dates and end prices.
Maybe it's too early to make soo long bet, but if you are a Hodler, maybe its good to start to think what will be the price in 5 or 6 year.
DJI Monthly Chart with Historical notesJust a visualization of Historical events and their effects on the DowJones Industrial Average over the last century.
Incomplete and not very accurate.
Initially Intended for private use only, not inferring any forecasts from it.
(Inspired by T. Vays who has done this a long time ago. thx Tone)
BTC 4HR - Bullish divergenceLadies and Gentlman!
Looking at the 4HR Chart we can see a bullish divergence. Since the price bounced off the 200WMA i expected a pullback up to the 20WMA.
This expectation comes from the pull back after the kapitulation in October 2014. Provided the past shows some similarities with the present. - So far, I would say that clearly there are some.
For example the pullpack from the up swing in October 2014 was also slightly under the 0.618 Fib level.
We can also see bullish divergence on the 4HR ETH/BTC ETH/USD Charts.
As long as price is not able to break the 3470 level on high volumen i will stick with this Idea. If that happens, this idea would be invalid.
I'm back! with a historical Bitcoin chartHello, friends and fellow traders!
Long time no use this platform, though I never stopped trading. I was there when the crypto market saw the top, didn't sell until March 2018, but enough of my personal history--let's see Bitcoin's price history, as what happened in the past provides us with the only way to get a grasp of the present. Here are the previous market extremes:
$30 in June 2011, followed by 93% loss till $2,
$1.1k in December 2013, followed by 86% loss till $160,
$20k in December 2017, subsequent downtrend ongoing.
There are other oft-cited "major" tops and bottoms but the above three are the only significant historical determinative turning points. Now, the fact that the $20k-top is the third one is frightening if one believes in Elliott Wave theory, because it'd mean that the ongoing downtrend will continue to devastate. However, we won't make any such comment before analyzing what happened in the period seen in the chart, which spans the second big rally.
As you see, most of the stuff happens in one monthly candle, which is halted at around a grand per coin. The ollowing retracement is so deep and long, whose ending formation (the double bottom at $160) took 8 months to complete. The double bottom didn't break until November 2018, but when it broke, it broke decisively, and formed a very healthy basis for the bull run. Today we are still far above these levels, and most importantly above those two important lines:
1) the top at $1.1k
2) the trend line formed after the 2014 bottom.
These observations will give us the necessary insight for analyzing what is happening today, and where we are headed to.
I hope to continue the analysis with more recent price action, please follow & like to get me motivated <3
AUDSGD: Strong Support Level @ 2016 lowsAUDSGD
Timeframe: H4
Direction: Long
Confluences for Trade:
- Price action at a Trendline Support
- Stochastic Oversold momentum
- Widening of EMA
- Price action is close to 2016 lows, could be a strong support at such levels
Suggested Trade:
Entry @ Area of Interest 0.9675 - 0.9735
SL: 0.9619
TP: 0.9886
RR: Approx. 2.30 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Re-development of range 1.12798 - 1.1122The technicals are lining up within the charts to revisit a historical range.
In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
Bitcoin's Past Bear Market vs Today. Sell Call. Winter is ComingThe bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They came in thinking that bitcoin could only ever go up and so they bought and bought until their bags were full and their wallets empty and not long after they finished their New Years eve bash and they notice that they are feeling lighter. They reach into their pockets and pull out their crypto bags to realize that they are disinagrating before their eyes. Now many have sold their bags holdings and it has caused the fall in price, but what we have not seen yet is the mass exodus style selling that comes only from the weary and teary eyed young gamblers that flew to close to the sun and got burned by the aura of infinite lambos and mad riches. When these poor souls sell they are selling it to the whales that have already sold a good amount of their coins and now are waiting paitently on the sidelines for the weak minded to putter out and hand them their heavy bags for next to nothing. Those who tell you to HODL are probably the same ones who have already sold of a decent % of their holdings up above 10k now they are looking for a new base to accumulate coins from. There are three basic cycles to every market and they can be seen in just about any chart. They are the Accumulation Phase, Seen in the trading range of about $300-200 marked by black s/r lvls. Another sign of an Accumulation Phase is the sideways and below average volume. Majority of the volume is Whales and small enthusiasts like myself who dont care about price action (atleast at the time) This nearly year long period back in 2015/16 was the latest accumulation Phase. Finally it broke out of its 100 dollar range on MASSIVE VOLUME! Here is an in-depth view of what the Public Phase contains This is when your buddy probably told you about how he heard about some guy who made tons of money in crypto so you and him should think about doing it. This is where many of the timid retail investors start to trickle in slowly at first. Testing the waters and swimming with the new found Bull. But once these timid retail investors start making some money they get very loud quickly and all of a sudden more and more people start funneling in pushing the price higher and higher at greater rates. Until the Whales decide that they are ready for their long awaited pay day and they start selling into the buying madness that has ensued. This will cause ripples in the price as all of the coins which were bought up much much lower are sold for tens of thousands of dollars. This is a new Phase known as the Distribution phase and for obvious reason. here the whales distribute coins to the retail gamblers stopping new ATHs from being hit and soon lower highs and lower lows follow. This results in a sell of and eventually once there is blood in the streets you start buying again even if its your own blood, as a famous Rothschild once said.
But how do we know when there is blood in the streets???
Look for the volume to tell you. IF your not a whale learn to whale watch. ANd follow those whales. the largest daily Volume spike in the history of bitcoin was at the bottom in the early days of 2015 below $200 a coin. Wait for a similar volume day before you try to catch this falling knife known as bitcoin.
An important issue is the breakdown of the 6800's resistanceAs you can see in the picture, the current situation has already happened in the past and on 02/08/2012.
Dear friends, the current status of Bitcoin is not a new situation. Although the eight-month depression flag has been broken, and although this is a very important event.
An important issue is the breakdown of the 6800's resistance.
August 2018: ONLY IF history repeats itself in this way...UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself)
Recall from my last post:
We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this?
*I know it's a long shot, but never know! (Isn't all TA long shot?)
*As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict)
*ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
2014 Repeat is Already DONE in Shorter Span? THIS...We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this?
*I know it's a long shot, but never know! (Isn't all TA long shot?)
*As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict)
*ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
And you still doubt BTC as a long-term investment?The graphs show the cumulative percentage growth rate over the past five years for BTC relative to the S&P 500 , Nasdaq 100 , Dow 300 , Nikkei 225 , DAX and FTSE 100 indices (top left). The remaining panels, from left to right and top to bottom, show the annual growth rate from mid-2013 to mid-2014; mid-2014 to mid-2015; mid-2016 to mid-2017; mid-2017 to mid-2018 for each of these assets.
Somber 2014 comparisons: 200MA + massive RSI bearish divergenceAs you can see on the chart, the RSI bearish divergence that we see today is basically identical to the one we saw in 2014 right before the crash. Another important point of comparison is that right at this point, in 2014, BTC hit the 200MA and turned around... exactly like it did yesterday.
Also, if you look around at the alt coins and try this same excercise, you'll notice the same bearish divergence pattern on the day chart for basically every single one of them.
If you ask me, this isn't looking good.
That said, if you have anything to convince me I'm wrong, I want to hear it!
Is Bitcoin going to every die - probably not. In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!".
I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and decide on probabilities.
I'm inviting all to look at the same evidence. Are we all seeing the same thing? Are we seeing broadly the pattern of fall back followed by shocking recovery?
WHY you are SO HURRY?HI
I just take a another look to BTC historical data.take look to chart that made for you.
In 2013 when we start first big uptrend,it's take 11 month to make our first big ATH and started FIRST BEARISH MARKET at late days of 2013.
We ended that bear market in 651 days.finally on 2015.9.14 we started new uptrend that ended in our ATH in late days of 2017 and we enterd recent BEAR MARKET.reaching to our ATH( $20000) due uptrend that sterted in 2015.9 take 27 month.
In past 91 days we are started new bear market and everydays we saw posts on TV that claim our bear market is near to end.
Purpose of this post is that to compare our historical records and say DONT EXPECT it to BE EASY.
IT JUST A NOVICE IDEA.