Possible BTC MovementI'll keep this one short. I thought this seemed to be the most likely movement for BTC, if people wanted to see it be bullish. I just really don't see a reason for it to be bought until it can come up a bit more or go down a bit more.
I may actually be more worried about its price if it pushes up without coming back down to atleast 36.8-39k
Check related idea if you want to see or use the Schiff Pitchfork that I am using.
Hullmovingaverage
Best and Easiest Explanation of Where BTC and The Market StandsIf you haven't been to my streams or watched my content this year, then believe me when I say that this video will be worth while. Even to a seasoned analyst, I believe the way I look at things will add a useful new perspective.
EST = UTC-5
I stream every week day from 9:20 EST to 10:00 and from 1:20 EST to 2:20.
I believe I currently have ~50 Hours of stream content since Jan 28th. Feel free to watch that to better understand how I analyze and trade.
I spend on average 5 minutes for a trade entry and 5 on a trade exit.
I call what options and when I trade options on stream every time ; down to the strike price and the expiration date. I like to be transparent. I also will give my opinion/targets on any coin or stock for free. I don't expect payment/coins for anything.
BTC Ended at Target. Overview of BTC, BNB, ADA and OthersNot in BTC currently. took ~2% loss on small position at the timeframe change. I wanted to see the buy up from there to increase position, which did not happen. I am technically still in AMD call options, which could be brutal tomorrow.
I dont like this unless we can return to the start of the Week candle open. Which I feel is unlikely because of what is described below and in video.
BTC ended 4 bucks above my target of 37,910. Week buyers did not come in. The week candle is set up in a way that it is bullish when it is at its opening spot of 37,914 (bitfinex). The big issue for me here is that no other timeframe really says to buy the price up without conflicting with another timeframe. The targets are all over the place, which i think will make the movement most likely downwards and choppy. Also the other target for BTC bounce from the week perspective (bitstamp 500 hull) would be 33,600 (around there). The issue with that is on every other timeframe we are out of the channel. I just don't see a reason for people that trade on the week to want to put in any sort of amount of money to be able to push this up against every other time frame.
Also there are a bunch of alts that are in very sketchy spots for their ALT/BTC charts. The ALT/USD pair was already struggling and I think we will have a chain reaction here, sending us downwards. Support and resistance between every timeframe is arguably bad and conflicts, mixed with people cycling out of their alts into BTC and then back into USD.
I explain what I wrote in the video, but if you want to see the alts, just skip through a bit.
Main Idea Update Page:
If you want to copy the Schiff Pitchfork:
Looking at MATIC's Past and Future PredicitionsI go over MATIC/USDT and MATIC/BTC and BTC/USD (Bitfinex)
The 41,700 Idea contains all of my main BTC idea updates. The pitchfork one will allow anyone to copy the same values I use.
Stay healthy and good luck on your trades yall.
Bullish case for BTC. Finally Sign of HornsVideo goes over it pretty quick. We start candles above support very nicely. Almost too perfect.
Take care, stay safe and good luck on your trades yall. I am feeling a bit better then I have been recently.
Here are streams if anyone is interested.
www.tradingview.com
www.tradingview.com
BTCUSD Long, Knifecatch to 74kSorry for the lack of posts over the past two weeks, been busy w/ life.
Anyways, I believe this downtrend is nearly over if we consider this recent correct market structure as a running flat .
The only concern with this is that within the b-wave, its ascending triple Elliott wave has an overextended wave Z with a ~1.618 fib level rather than a 1.272 fib as stated on one of the guidelines according to Elliott wave forecast. But ignoring this, it perfectly fits within a running flat corrective wave.
As of now, it seems like it'll end near the primary wave 0.382 fib level at ~54k. But we must hold 51k or else the entire market structure shifts bearish heading to sub 30k levels as it is an invalidation level for wave 3. The oscillator below, the BBWP (Bollinger Bands Width Percentile) is reading a close high of volatility at 90% atm. Going at or above 95 followed by a drop crossing under the associated MA (the white line) will signal the start of a consolidation phase . I didn't include it in this chart, but there is also a momentum bullish divergence on the 1 hour that growing has yet to be confirmed with a crossover of the zero line.
Key levels:
SUPPORT
- Primary wave 0.382 fib at 54k
- M CPR Pivot at 54k
- 3 Month Value Area High at 51k
- 3 Month PoC at 47k
- Lower Parallel Channel at 53k
RESISTANCE
- Confluence of multiple monthly value areas at 59k
- Monthly Value Area High at 65k
- M CPR R1 at 66k
- Long term trendline since March ATH at 67-68k
- Intermediate wave 5 target at 74k
- M CPR R2 at 78k
INVALIDATION
- Primary wave 3 0.5 fib at 51k
There are more levels to look at on the chart if you are interested in long-term plays.
I will post an interesting chart soon, so be on the lookout for it.
SOLANA show us up movement to next targetHello my friends
for now I want to talk with you about SOLANA
as you see guys market was testing Support(180.1050) Then MARKET began to rise towards the resistance and whats happened he broke it
Now after the break, the market will start to accelerate in the coming days to next target (260.0000)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
CANADIAN DOLLAR CAN MAKE NEW TARGETHello my friends
for now I want to talk with you about CAD
Price is growing back to resistance level 1.28531
I'm waiting that CAD can break resistance and I think This will happen
Because we have a large volume and also the MACD lines are moving away from each other in the positive area
If this will happen, we will have good signal to buy.
Next good level (1.34000) can be our main target for now.
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
CRO CAN MAKE NEW CUP Hello my friends, today I want talk with you about
as you see guys market was bullish from 4 in this month until 24 SAME month
and then Price fell to this 0.63775935 and trying break it .So far MARKET testing support
In my opinion not have chance to break it
We will have good signal to but it after that pull back
As a target we can take next resistance 1 (0.80600122) and resistance 2 (1.0012646)
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
WHAT NEXT MANA BREAK THE PRICE Hello my friends, today I want to talk with you about MANA
As you can see on a chart
Price also have very strong support AT 4.26136
On a chart, I indicate targets is 5.88876
So, at this moment I still think MANA will show us grow soon
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
ETH ANOTHER BREAK ANOTHER BULLISH AREAHello my friends, today I want talk with you about ETH
The market was in recession
Price started consolidating near resistance zone
and than We notice that the price broke the resistance with a large candle In addition to the appearance of a large volume
In my opinion will go up
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
BTC ANOTHER BREAK ANOTHER BULLISH AREAHello my friends, today I want talk with you about BTC
The market was in recession
Price started consolidating near resistance zone
and than We notice that the price broke the resistance with a large candle In addition to the appearance of a large volume
In my opinion will go up
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
EURUSD will break the resistance towards ATHHello my friends, today I want talk with you about EURUSD
Price started consolidating near resistance zone
Maybe WILL break it Because price is always attracted to pitchfork median line
In my opinion EUR can pull back to ath after retesting this zone and change trend.
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
JAPANESE YEN REACHED LAST strong resistance ZONEHello my friends, today I want to talk with you about JPY.
Price started consolidating near resistance zone
.
In my opinion JPY can pull back after retesting this zone and change trend.
As a target we can take next good support level or pitchfork median line
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
NEXT UPDATE BRITISH POUND CAN GO UPHello my friends, today I want to talk with you about GBP.
Price is still trading in descending channel and close to nearest support now.
I think he gravitates higher towards the pitchfork median line or top parallel
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
Bitcoin is confirming the next Bear MarketHello Everyone,
Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals:
1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving average then on an attempt to regain, it rejects or fails and price continues downward.
2. Death cross: After rejecting the hull moving average, there is a death cross of the 20WMA and the 50WMA. This immediately happens after rejection and is another confirmation of a bear market.
3. Dead Cat bounce: There were 2 distinct dead cat bounces right after the fall from each cycle ATH. This is noticeable with the bearish price action: low volume higher price
4. Negative RSI: RSI seems to be going down as bitcoin continued to make highs. This is a bearish indication
5. Weakening MACD: MACD is weakening as bitcoin has another attempt at the 65k all time high.
Although some of you may be discouraged, angry, or depressed the bear market is the best place to DCA and restock swing trade buys. My guess is the bottom is consistent with the 200WMA as it has been the bottom of each of the other two bear cycles.
My plan moving forward is to DCA between the 100 and 200 WMA as well as look for swing trade plays during the bear market.
As always, be patient, use risk management, and good luck trading!
Is the Bear Market Upon Us?Hello Everyone,
Quick analysis for today. There has been a question in the air for the last 2-3 months. "Are we in a bear market?". Well there is not a simple yes or no answer for this and I would say it is a little too early to call. I am personally leaning more bearish as I am seeing rallies with bearish price action representing dead cat bounces. Not to mention the huge loss in momentum and exit pumps in random small cap alt coins by whales.
I have provided several pieces of analysis in the last few weeks but here is a more simple weekly chart.
As we can see, each time the market "tops" it is followed by a large relief rally that does not exceed the all time high. The biggest take away is the much lower volume or bearish price action as the price tries to climb back up. Each time this happened, the market saw the entry way into the bear market. Another note is the blue Moving Average which is the Hull Moving Average . This MA has been consistent in determining the start/end of the bull/bear market. Not to mention we are at a 20x from the March 2020 low.
I would also like to include a partial monthly analysis here. If you look at RSI, each bull market ended with RSI just above 90. The bear market followed. This bull market hit 90 right around the 60k area.
This does not mean there are not bullish swings in the bear market. There are 4-7 on average per year. I will be looking forward to trading these as well as DCAing in the bear market (if it is here to stay). I made some very good gains in this bull market. Things can change and we may still continue this bull cycle but at this point I think it's unlikely.
As always, be patient, use risk management, and good luck trading!
Day trade reversal setup using Hull MA - over shoot!Hello, Traders around the globe,
Here is a reversal pattern of the Hull Moving Average.
Stage #1: You want to see an acceleration of momentum = the blue crosses have spaces inside them.
This stage is important because if you are doing day trade, you want to be sure that you are in a volatile environment.
You don't want to be where the market is choppy with zero range! .
This stage gives you the "flag" that the stock has a potential day trade opportunity.
The probability of you guessing the exact day that the stock will explode is low, that is why you wait for it to explode and trade the intraday reversal...
Stage #1 EXTRA: Now you know how to detect momentum opportunities, and can go into a lower timeframe and trade the continuation of the acceleration of momentum move... but this is for another post.
Stage #2: You want to see the Hull ma go above the price action = the OVERSHOOT!
Once you see that the Hull is crossing the price that means that momentum is running low ---> reversal is coming... (stage #1 made sure we are volatile, now we want to be sure we are overextended and momentum dries out!)
When the HULL moves above the highest high of the move, OVERSHOOT PHENOMENA, it means that the price got really overextended.
The HULL MA is trying to decrease lag, so it "anticipates" the direction, it gives chance for the price to correct to the right direction. If a strong move happens, the HULL expects it to continue, so it will rise above the high of the price movement, "hopeful" that the price movement will continue in its same momentum and force. since it doesn't... overshoot happens, and a reversal is likely to follow through.
Stage #3: You want the slope of the Hull ma to change direction, then you look for your personal reversal setup.
Overextended can become even more overextended, so it is better to be a little late, and be right, than trying many times to catch the TOP and be discouraged, which will make you miss the move!
Ideally, you want the HULL to be SYNCED :) If the HULL is SYNCED that means that it gives the best representation of the price action.
It is hard to sync the moving average every time, the market is changing...
It is easier to be able to recognize when it is synced and when it is not ===> That way, you know when you have better odds of it being accurate.