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Historyrepeatsitself

ETHUSD - HardFork 2017/19 TDI Comparison + Bullish ButterflyA quick look into a previous ETH Hard-fork on the TDI + Results. Previous Price action does not dictate present conditions , for obvious reasons, times are certainly different in this Bearish Market. There are, however, some similarities in the movements of price action around the rumors and news of the upgrade. In 2017, ETH saw similar Bullish move, followed by a move down, a move up, and then a move down again at the exact time of the upgrade. Presently, we have already seen a move up in December, a move down when the upgrade was delayed, a move up based on the news of upcoming upgrade, and a -20% move down prior to the expected upgrade date on Thursday. In 2017, ETH price action too saw a -20% or so move during the uncertainty around the upgrade. Will ETH continue to trade sideways after the upgrade like it did in 2017, or will this Bullish Butterfly play out. Price action is flirting with the middle band on TDI, and a break below here I think would certainly send price action down but it has not (broke below) yet - even with a good separation of the fast moving average (red) from the slow (green) (Bullish/Bearish) . Lotta folks in TA are Bullish for ETH based of this and that indicator. Personally I've been following the Butterfly since $103 price range with a qualifying and validating structure. There also hasn't been much Bullish pop from the recent move down like there was in the early December rally which I would think puts demand much lower than current price action support based on expectations/uncertainty of the upgrade. Good luck, Traders. May you find yourself on the profitable side of it. TDI Comparison - Previous ETH Hard Fork :
BITFINEX:ETHUSDShort
by MrJEB
Bitcoin long term analysis (Monthly) So we have Monthly chart of Bitcoin right here.. It's based on Elliot waves (Left only Fib retracements to make chart look simple). What I noticed in Bitcoin, it tends to retrace around 0.382-0.5 before resuming trend (which right now is BEARISH). Look closely at the fibs, left only 0.382-0.5 for you to see. I'm looking for around 5500 to finish correction up and continue to test our final target of 1200-1400 (Monthly Support). Also, if you study Bitcoin deeper you can see for example (2013-2015 Bitcoin chart.) Bull run started at 130, after parabolic move we bottomed out at 154. Look where parabolic trend started and where it ended.. 1000$ is where we started BULL run in March 2017. Bottoming out at 1200$ wouldn't surprise.. We had exact same situation back then! * In shorted term I expect 4400-4500$ to be strong barrier until we reach ~5500. Safe trading! :) BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by Patrikas10
1
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.
BITSTAMP:BTCUSDLong
by luke_5k
1
3 Reasons why I am short on BTC right now !3 Reasons why I am short on BTC right now are : 1- we never got higher high since we went up to around 20K , and until I see higher high I will still be bearish . 2- Last 2 times we touch support in BTCUSDTSHORTS we got selloffs . 3- Almost every time we got cross on Stoch RSI we followed buy selloff . At the end no mater how I flip chart and try as much as I can to be bullish right now I don't see any signs , So I am going to be bearish in longterm until I see good signs , Properly a higher high. Please have a look at what I have mentioned above and let me know your thoughts. Thanks.
BITFINEX:BTCUSDShort
by madyanmalfi
3
ZRXBTC - will the pattern repeat?Last idea was successful and made some profits. Let's try to exploit ZRX movement again. ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA. Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA. In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss. Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Long
by rludvik
Bitcoin Bubble Comparison - 3 Day ChartOn September 5th I made a similar post comparing the daily chart to the 128 MA. It is much more detailed, however the conclusions didn't change much. The TL:DR of the previous comparison reads as follows: Bottom: $2,860 on October, 31st 2018 Range: $3,750 - $5,800 for 8 - 9 months Breakthrough: $6,100 on June 21, 2019 Because the RSI is not oversold and we are in a tighter coil than last time I expect a faster selloff and therefore a faster rebound. That may or may not mean that the price will go lower, that will depend on support, it does mean that I expect the target to be hit faster than the 1:1 comparison that I did on the chart posted above. There is no way to tell how much faster so I am going to stick with my prediction from the previous bubble comparison, for at least another week. Only continue from here if you are interested in my subjective view of the fundamentals about the USDT' situation. I almost always stick with technicals, because I believe that they reign supreme ~99% of the time. I believe that if there is news that will affect the market then it will be seen in the charts before it will be heard in the news ~99% of the time. I think Tether' is a very good example of that, there was a major selloff without the news that I would expect to back it up. There is always FUD' surrounding USDT' about banking relationships, Bitfinex, unbacked Tethers' etc. However, USDT:USD' has never broke 0.8897 in it's ~18 month history on Kraken and it fell to 0.85 on Saturday night. We have also never seen such a drastic premium on USDT' exchanges when compared to USD exchanges as far as I am aware. To me this represents big money making big moves, which would suggest that insiders know something we don't. There is a very good chance that I am wrong about that, and I will certainly not be making trades based on loose suspicions. However, I am trying my best to understand the situation and that is what makes most sense to me. Once I feel like I understand the underlying fundamentals of the market then I can get back to doing TA. I do believe that Tether is single handedly driving the crypto market right now. The premium remains on the USDT' exchanges and the USDT:USD pair remains in dangerous territory. If it cannot close above historical support of $0.98 in the next couple days then it will be ripe for another selloff. If that does continue to fall then I expect BTC' to moon on USDT' exchanges. This last pump came on Tether losing 14% of it's market cap and 12% of it's USD value (at it's low). At it's peak, that added 16% to the value of BTC:USD' + BTC:USDT' / 2 Therefore it is clear that a flight to safety from USDT' to BTC' would also cause people to FOMO in with USD. If Tether' were to legitimately go to $0 then there is no telling how high that would pump the price of BTC:USD' or BTC:USDT'. However, once people ran out of USDT' then there would be very few buyers at the inflated prices and a sharp reversal would be expected. If insiders had information then they already made there moves and now there could be a situation where I put technicals to the side. All TA that I have done would suggest that > $8,500 BTC' would = the next bull market. Before this weekend I would have been very confident in becoming bullish on Bitcoin at a price above $8,500. Now I would hesitate very much to make that same claim unless USDT:USD was ~1:1 on Kraken or unless the price stayed there for a month or two. I am currently shorting USDT:USD at $0.97. I view this as a very safe trade while waiting to buy back into BTC'. It everything stabilizes then I should be able to breakeven by buying back at support. If not then I have orders set at $0.85 / $0.75 / $0.5 and $0.01 to cover 25% of my position. While waiting for BTC' to figure itself out I think this is a great way to put my sidelined fiat to work.
BITSTAMP:BTCUSDShort
by Sawcruhteez
2
NVDA Set to Test ATHNVDA is set to complete another bullish ABCD triangle within its skew-up parallel channel. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the correction. Short term bullish, medium term bearish, long term bullish. Only playing with vertical spreads using a bounded-range strategy.
NASDAQ:NVDA
by Derivati_Capital
Cannabiscoin feuling upJust started looking at the weekly view and found a repeating pattern in the YTD chart of CANN. Indicators MACD is rising and ready to cross on the weekly chart. RSI is making a repeating move to, you can see the repeating pattern in the green rectangles. Fact Chart is weekly view, have to give this trade some time to develop. My Targets: Mid term - 377 Sat - 517 Sat - 791 Sat When we look at the history of this coin, big pumps happen, targets (risky) here are: - 1203 - 2270 - Up to 4500 This is no advice, just my tradesetup an why! DYOR and good luck!
CLong
by Dmoootje
1
CHT CHA CHB CHL Chinese Telecomm Stocks to rock 5G Telecomm stocks from China worth look. Noted areas peaking away from baseline as technology advances from 1G to 2G, PDA, 3G, 4G, 4G LITE, 4G LTEm, and next year 5G. Telecomm sector is notably a sector to take off only as sales occur or action happens. More buyers of new phones paying for streaming video's from Baidu and whoever else is the Chinese Netflix. Note: I wish I could tag Long and Neutral. These are all trends to get in based on RSI and stay in for for first 6-12m, or long. Posting here Short as I can't tag Neutral and Long (trading view). Trend Analysis, Market timing, 5G China Telecomm as it is sold mid- to Q3 2019 and used. An ETF for this could be a better approach. This is large cap watch and early post to follow. This will also be phone upgrades for those following such....AAPL, SSNLF, etc. Other is change from lithium electrolyte battery to solid state batteries, which technology has shown to not be flammable. #TESLA Viewers: Come to own understanding and take own advice.
NYSE:CHTShort
by Pokethebear
History repeating itself? Schoolboard example if you ask me(ETH)Hello everyone Just a thing that caught my eye today, no major update. Let’s get straight in to this! So in April we saw a cup and handle pattern in the oversold part of the RSI, look what we’re creating in august! We are now at a very strong support level (275). We’re not going under that level if you ask me! If history repeats itself we could go up with 128%. That would mean to 607USD. That is exactly at a very strong resistance level. ETHBTC Also here just some bullish news, we’re now at a very strong support zone, I don’t expect ETH to go under that zone, if we do, our next target is at 0.023. Just a small idea of ETH today, made a big update on XRP today, go check it out! Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:ETHUSDLong
by cheynos
2
19,500 by End Aug/ Early Sept? ONLY IF...Even if my chart yesterday shows possible recovery by January 2019: Current movement shows it may even follow my much earlier chart which indicated possible recovery as early as end of this August or early September. Here is my OLD chart from June indicating possible recovery by end-Aug or early Sept: This is DESPITE the current bearish sentiment after yesterday's crash. Here is my NEW chart again (same as the main chart on this post), showing possible recovery by end-Aug or early Sept, matching my June chart: Again, this is ONLY IF we've already seen bottom... hmmm
BITFINEX:BTCUSDLong
by junkofdavid2
ONLY IF we saw bottom, 19.5K recovery by mid JanAssuming we've seen bottom and have resumed uptrend, and we're following similar pattern as 2014, we'll probably see all time high recovery by mid Jan; if history repeats itself this way. Includes corrections at 10K and 12K. Assuming similar 20X parabolic rocket happens after all-time-high recovery, this could be in 5 months instead of 1 year (because of new shorter time frame); and we could see a 300K bitcoin by this time next year (June-July-Aug 2019)
BITFINEX:BTCUSD
by junkofdavid2
1
The History of Vericoin Vericoin started in 2014, essentially as a Blackcoin clone (if memory serves). The development team (Patrick Nosker, Doug Pike, and David Boehm) has been very active over the years and still all work on the project. And the price: Looking at the chart, you will see five (5) price bubbles I am calling attention to since 2014. Since then, the price has never really dropped below 2000 sats, and bottoms are typically found around 4500 (the red accumulation rectangle). These bubble cycles vary, but seem to last around 1 year; we are currently around half a year on the downward trend of a cycle. If you were to average in between 4500 and 2000 sats on your buys, you would have an average buy in price of 3250. Based on the history and using 3250 as a base, this coin has a high likelihood of a jump to at least 200%. I see at least 5 times it has entered and exited the accumulation zone and hit this 6500 level. Additionally, I see 10 times it has broken the 13000 level (400%), and Four of the Five aforementioned bubbles have broken the 26000 level (800%). This is not investment advice, but the history is evident. Do your own research and good luck trading.
VLong
by Brodie_MT
4