Get started

Hyperwave

Bitcoin: my take on hyperwaveWhat goes up must come down Spinnin' wheel got to go 'round Talkin' 'bout your troubles it's a cryin' sin Ride a painted pony let the spinnin' wheel spin You got no money and you got no home Spinnin' wheel all alone Talkin' 'bout your troubles and you, you never learn Ride a painted pony let the spinnin' wheel turn Did you find the directing sign on the Straight and narrow highway Would you mind a reflecting sign Just let it shine within your mind And show you the colors that are real Someone is waiting just for you Spinnin' wheel, spinnin' true Drop all your troubles by the riverside Catch a painted pony on the spinning wheel ride Someone is waiting just for you Spinnin' wheel, spinnin' true Drop all your troubles by the riverside Ride a painted pony let the spinnin' wheel fly
BNC:BLXShort
by moarbtc
Bitcoin Daily Update (day 322)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P < S MA < M MA < L MA = bearish Patterns: Phase 7 of hyperwave | Bear Channel | Daily Close Below Symmetrical Triangle Horizontals: S: $3,350 currently being tested | R: $3,374 Trendline: 3 week bear TL is holding as resistance Parabolic SAR: $3,479 Futures Curve: Backwardation with 1.4% spread. Paying very close attention to decreasing spread. BTCUSDSHORTS: Appears to have formed a higher low Funding Rates: Longs pay shorts 0.01% TD’ Sequential: R6 Ichimoku Cloud: Cloud is starting to thicken Price Action: 24h: -0.4% | 2w: -4.8% | 1m: -14.6% Bollinger Bands: Fully bearish, bands are starting to squeeze again Stochastic Oscillator: Daily is back in oversold territory, 3D failed to make bullish cross Summary: I have been watching for a bounce off the trendline support from the symmetrical triangle. In yesterday’s post I used the 4 hour chart for the first time in months while i was watching the reversal candles form on top of my trendline. That failed to amount to anything over the past 24 hours and now I am right on the verge of turning bearish again. The LTCBTCSHORTS being severely overleveraged is the main reason I am inclined to remain tentatively bullish. The 3D red 9, daily red 6 and backwardation are providing confirmation at this moment. However the spread in the backwardation has been consistently narrowing over the past few days and it is getting dangerously close to re entering Contango. If that happens then I will disregard the Litecoin short sellers and look to join the party myself.
BITSTAMP:BTCUSD
by Sawcruhteez
2
2 BTC to 20 BTC Trading Challenge - Day 24 (0.39 BTC)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge I am currently in Las Vegas for the Unconfiscatable Conference and I didn’t have intentions of making another update until returning home. However the stop loss on my USD:TRY long was triggered and because of that I felt the need to make another post. I had high hopes for that trade. I was expecting it claw out of it’s unrealized loss and go onto makeup for a large portion of the deficit that I got myself into with the string of losses that started this challenge. That position easily could have netted me 1+ BTC over the coming weeks / months. Instead it broke down $5.25, triggered my stop and capitalized on a loss of 0.3425 BTC. That puts me into a deep hole and it will make it very difficult to complete this challenge on time. Now the challenge will be to get back to breakeven in the next three months. If I can do that then I believe it is still possible to complete the original goal of +1,000% in less than 6 months. A big part of the motivation for starting this challenge is to inspire others who have gotten completely rekt throughout this bear market and what better way to do that then to get completely rekt myself?! If it wasn’t for this challenge I would likely take a few weeks off and deposit another ~ 1.5 BTC. Instead I am going to roll up my sleeves, decrease my risk and get back to work. Open Positions Short: XAUUSD * STOP ORDER TRIGGERED on 1/18/19 to short 0.05 lots Price: $1,284.73 Stop: $1,297.26 Projected Risk: 0.97% Leverage: 100X Exposure: 0.05 lots Margin: 0.016 BTC Unrealized PnL: +0.004 BTC Long: USDCAD *1/17/19 Stop order entered to open long primarily due to recent golden cross with 50 and 200 W MA’s. Daily signaled 50% entry due to P > S MA (5%) + Bullish M MA (30%) + BS (15%) Price: $1.33032 Stop: $1.3149 Risk: 1.15% / 0.07 BTC Leverage: 100X Exposure: 0.21 lots Margin: 0.057 BTC Unrealized PnL: -0.002 BTC Closed Positions Long: USDTRY Enter: $5.55804 Exposure: $16,000 Leverage: 100:1 PnL: -0.3425 BTC ROI: -7.81% Watchtower . BTC Notes: Expecting gap in volume profile to get filled before final capitulation takes up to the $1.4K - $1K range. Backwardation spread is up to 4% which is primary reason why I am bullish. XRPBTC Notes: Appears to be breaking down symm triangle & rolling over D L MA following DC. Backwardation is the only reason I am holding onto long. Trying to re enter weekly cloud which is on verge of bullish kumo twist. ETHUSD: Patterns: 5 month bear channel | Daily chart starting to look like h&s Notes: First weekly buy signal since April 2018. Weekly higher low? Lifetime POC = $212 (in confluence with W L MA & 200 D MA) LTCUSD: Patterns: 7 month bear channel with potential recent bull trap. If TL resistance holds then should get a h&s w abbreviated right shoulder.
by Sawcruhteez
4
Bitcoin Daily Update (day 306)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P < S MA < M MA < bullish L MA (recent death cross, watch for L MA to flatten / angle down. If that happens the fully bearish posture) Patterns: Phase 7 hyperwave | Massive falling wedge??? Horizontals: R: $3,660 | S: $3,515 Trendline: Potential falling wedge Parabolic SAR: $3,942 Futures Curve: Backwardation with 3.79% spread (increased ever so slightly) BTCUSDSHORTS: Attempting to take out local low. If that happens target is 19,569 Funding Rates: Longs receive 0.0028% TD’ Sequential: R2 = R1 Ichimoku Cloud: If you consider yesterday re entering then today it fell out along with a bearish TK Cross Average Directional Index: Still tracking toward the 20 threshold Price Action: 24h: -2.3% | 2w: -5.8% | 1m: +11.1% Bollinger Bands: MA is starting to flatten after finding support from the bottom band Stochastic Oscillator: Buy Signal Summary: In yesterday’s post @DVemer pointed out a long term bear trendline that stared with 2017’s ATH and connected to November 8, 2018. I found that very interesting and after further analysis I am seeing a potential falling with. If it is real then it carries at $16,800 measure move. It is far too early to make that call but so far there are four out of six boxes checked, based on the rules that I use. The last two steps would be breaking through the upper boundary on high volume. I would need to see the buying volume exceed the selling volume from November 20th, at an absolute minimum, in order to consider it sufficient. Even if that does happen I will be extremely skeptical due to the built up resistance at $6,000. I would likely go long but I would have a very, very hard time using a greater target than that in order to determine risk:reward. The craziest part of all is if we get to $16,800 I still would not be considering it an end to the overall bear market. Phase 7 of a hyperwave is "the most maniacal" according to Tyler Jenks and as long as it resists below the peak of phase 6 then it is still valid / in tact, meaning that a return to phase 1 would still be the target. Wouldn't you know that the top of my phase 6 is $17,252... Even though it is too early to call this pattern real, it is not to early to pay attention and mentally prepare yourself for anything. Never say never and always be open to possibilities. That is what I try my best to do. Even though I am firmly bearish I want to understand every bullish signal / indicator that is happening so that I don't get blind sided.
BITSTAMP:BTCUSD
by Sawcruhteez
5
Bitcoin Hyperwave Analysis: A Hold Of The Bottom?There is nothing else I can say, everything is on the chart! There are many experts who thinks the Phase 2 has already been broken at 6k level on the last dump and so they think we are going toward Phase 1 already, but I think Phase 2 is still on the game and may create the flaw to break the hypwerwave and put an end to the bear market before Phase 1. A botom at 1100$ seems too obvious for the hyperwaves believers, but we know the bottom was a bottom only when it's too late. :) Anyway, it is a little bit late to get bearish anyway...
BITMEX:XBTUSD.PLong
by smartdigitals
5
2 BTC to 20 BTC Trading Challenge - Day 8 (1.682 BTC)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Today was another very productive day. I spent about an hour talking with someone from Tyler Jenks hyperwave Telegram group, of which I am also a member, about the underlying fundamentals going on in Turkey that could be leading to the massive hyperwave the Lira is experiencing. He seemed convinced that it is all due to the Qatar-Turkey pipeline and after our discussion I am strongly inclined to agree. “In 2012 an analyst cited by Ansa Mediterranean suggested that Qatar's involvement in the Syrian Civil War was based in part on its desire to build a pipeline to Turkey through Syria: The discovery in 2009 of a new gas field near Israel, Lebanon, Cyprus, and Syria opened new possibilities to bypass the Saudi Barrier and to secure a new source of income.” (1) The Lira broke out of phase 1 in 2013 and according to Tyler Jenks this signals a major economic shift (when a hyperwave follows). From my understanding Turkey was allied with Russia for their energy needs and in 2012 they went all in on a pipeline that would help them become more self-sustaining and less reliant on Russia. The United States and European Union were likely all to willing to help in order to cut into Russia’s economy and worldwide influence. Turkey housed Syrian refugees and made political alignments with the EU and United States that likely alienated them from Russia. That was okay though because in exchange for housing Syrian refugees they expected to become a member of the EU. “The best-laid plans of mice and men often go awry” Now it seems like the EU is reneging on their end of the deal, for one reason or another. Turkey is threatening to kick out the Syrian refugees and it seems like the Turks could find themselves without any allies, without a pipeline and with refugees that they likley cannot afford to support for much longer. Meanwhile their currency is experiencing hyperinflation and it appears that it will only get worse. Now I have 15 minutes until pool league starts and hopefully that will leed to some lighter conversation! Open Positions Long: XBTM19 *1/3/19 SCALE OUT: P < S MA = 5% *1/6/19 SET STOP LOSS at breakeven Price: $3,727 Projected Risk (due to horizontal support): None. Market stop adjusted to breakeven. Leverage: 10X Exposure: $3,541 Margin: 0.957 BTC Unrealized PnL: +0.0369 BTC Realised PnL: -0.001 BTC Long: USDTRY Price: $5.55804 Projected Risk: 5.66% Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.048 BTC Unrealized PnL: -0.131 BTC Notes: Support holding above the phase 3 trendline is going to be very important for me to maintain a healthy bankroll for this challenge. Long: USDZAR *1/3/19 SCALE OUT: P < S MA = 5%. However minimum available to scale out was 8% *1/6/19 SCALE OUT: P < S MA (5%) + Bearish M MA (30%) + Bearish Cross with S & M MA’s (15%) + P < flat L MA (25% - 50%) *1/7/19 SET STOP LOSS: Stop loss set at $13.489 for remainder of position. Price: $14.48 Projected risk: Market stop set at $13.49 Leverage: 100X Exposure: 0.06 lots ($6,000) Margin: 0.0157 BTC Unrealized PnL: -0.057 BTC Realized PnL: -0.0531 BTC Notes: Flat L MA leaves some discretion. Could choose to scale out 75% (holding onto 25% due to golden cross) or I could choose to only scale out 50%. I chose the latter due to being at horizontal support. The very bullish 200 MA gives me confidence in this position. I have set a stop for the rest of the position at $13.49. Long: USDHUF *1/4/19 ADD TO POSITION: S MA made bullish cross with M MA = 15% added *1/6/19 SCALE OUT: P < S MA (5%) + P < Bearish M MA (30%) = 35% scaled out *1/7/19 SET STOP LOSS at $279.33 for remainder of position *1/8/19 SCALE OUT: Have been waiting for price to move in my favor so that I can decrease exposure due to mistake I made when entering. Price: $282.66 Projected Risk: Market stop set at $279.33 | Max calculated risk = 0.1632 BTC Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.042 BTC Unrealized PnL: -0.039 BTC Realized PnL: -0.0866 BTC Notes: Made mistake of entering 0.8 lots ($80,000) instead of 0.08 lots ($8,000) and have been waiting / hoping for price to move in my favor so that I could remedy that mistake. Go a bounce today that allowed me to re evaluate my risk. By scaling out of 75% of the position I have limited my risk to 7.5% of my bankroll for this challenge and that is much more acceptable. Short: SPX500 *1/4/19 ADD TO POSITION: S MA making bearish cross with M MA = 15% added *1/6/19 SCALE OUT: P > S MA (5%) + bullish M MA (30%) + Bullish cross with S & M MA’s (15%) = 50% Price: $2,472.62 Projected Risk (horizontal resistance at $2,650): 7.17% Leverage: 100X Exposure: 0.09 lots ($22,276) Margin: 0.0586 BTC Unrealized PnL: -0.2226 BTC Realized PnL: -0.129 BTC Notes: Like seeing the L MA hold as resistance and the doji that is resulting. Resistance at $2,650 holding is going to be very important for me to maintain a healthy roll for this challenge. Short: EURUSD *1/3/19 Scale out 25% due to close > Long MA *1/7/19 SET STOP LOSS at 1.1501 for remainder of position Price: 1.13387 Projected Risk (horizontal resistance): 1.4% Leverage: 100:1 Exposure: 0.24 lots ($24,000) Margin: 0.063 BTC Unrealized PnL: -0.066 BTC Realized PnL: -0.012 BTC Notes: Consensio is telling me to fully scale out. However we are currently at horizontal and trend resistance. Therefore I set a stop loss order slightly above resistance. That is only 0.3% away from my current price and the difference between exiting now and then would be nominal. However the difference of being able to hold onto my position and not capitalize on a big loss, in the event resistance holds, is very significant. Therefore I much prefer the risk:reward of a market stop loss at 1.1501 instead of exiting now at 1.1475. Open Orders Stop Market to long 0.82288 XBTH19 @ $4,037. Reason for entry is Consensio + that would be TL breakthrough. Also like how strong support is holding after the last pump. Stop Market to long ETHUSD @ $160.20. Reason for entry is Consensio being fully bullish and $160 being boundary line for c&h + ascending triangle Stop Market to short XAUUSD @ $1,274.89. Reason for entry is that would create a lower low and break down parabolic advance. Watchtower BTCUSD: Gap in the visible range volume profile looks like it is begging to get filled. If we close above $4,300 then a return to $5,400 - $6,000 would be my highest probability outcome. Will be strongly considering setting a stop order to add to my long above the daily Parabolic SAR. ETHUSD: I am bullish until Constantinople Hard Fork. Buying the hype, and selling the news. Consensio is bullish but waiting for c&h to confirm + TL breakthrough. Waiting to enter due to price being up > 8% in last 24 hours combined with unfavorable r:r. Currently have stop order set to long at $160.2. *1/8/19: Price re entering cloud after kumo breakthrough + Kumo Twist. Watching for support at $125. LTCUSD: Close > TL + boundary line of c&h / ascending triangle. Testing top of cloud + bullish kumo twist. I could enter a stop entry now, but I prefer to wait for a close above the daily cloud. XRPBTC: Incoming death cross following L MA roll over could be setting up ideal entry. However ascending triangle is still in tact and want to wait to enter until we get a close above / below. XAUUSD: A few daily candles have closed above the trend line from 2016 but when zooming out to the weely chart it becomes clear that the TL is continuing to hold as resistance, therefore it is still in tact. Daily looks like it is ready to break down at any moment and that is why I will be waiting with stop entry. Consensio is also starting to signal short entries with P < S & M MA while those are making a bearish cross. USDCAD: Really like seeing these hard / fast pullbacks when the enter a confluence of support. The Canadian Dollar is currently testing prior highs for horizontal support and the trendline waits right below. The L MA is very bullish and is also apart of this cluster of support. Being this far away from the S & M MA’s is a strong indication of short term oversold conditions. The only problem is that it could take a while before Consensio signals an entry. EURUSD: Formed h&s and then whipsawed everyone who tried to trade it. Now it appears to be forming a bear flag below major resistance. It is also support above the 200 week MA and trying to reverse that 5 year bear trend. Sources: en.wikipedia.org
Long
by Sawcruhteez
4
Bitcoin Daily Update (day 299)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P > S MA > M MA > L MA = Fully bullish but currently challenging S MA. Patterns: Phase 7 hyperwave | Symmetrical triangle / ih&s Horizontals: Continues to be a lot of support in the $3,900 range which is my most bullish indicator right now. $4,100+ continues to be formidable resistance. Trendline: Connecting to the top of the wicks from November 29th and December 24th for bear TL. Parabolic SAR: $4,145 - right on the TL / top of the triangle Futures Curve: The backwardation is more important to me (bullish) than the shorts heading back to support. They could spend a lot of time there while price rallies. However the spread is narrowing. BTCUSDSHORTS: The way shorts are heading back to support is very bearish imo. Funding Rates: Longs receive 0.04% TD’ Sequential: G4 Ichimoku Cloud: Was checking the cloud today on some alts and was amazing how they are turning bullish while BTC’ is nowhere near that (traditional settings) Relative Strength Index: Supporting > 50 Average Directional Index: Turning up while +DI diverges from -DI in a bullish manner but still too early to consider it a bull trend by the ADX. Price Action: 24h: -0.4% | 2w: +6% | 1m: +12% Bollinger Bands: Consolidating > MA during squeeze is bullish. MA turning down is bearish. Stochastic Oscillator: Nearing overbought territory Summary: Not much has changed. With the amount of support > $3,900 and the amount of resistance around $4,100 I am confident that the next move will be violent regardless of which way it breaks. That also leaves plenty of room to consolidate in a more narrow range toward the apex of the symmetrical triangle. I considered cancelling my stop buy order on XBTH19 in favor of waiting for a close > than that area, but with the support and resistance becoming more defined and the range tightening I feel comfortable is in a good spot. I find it very interesting how the daily cloud (traditional settings) on alts are turning bullish and threatening very nice long entries - if they can close above a thick cloud closely after the bullish Kumo twist. The best entries can happen when multiple signals come at once. I am speaking of LTC and ETH specifically and it could be that they are front running a bounce... the cloud on BTC is nowhere near either of those metrics. Looks primed for one final dead cat bounce to trap in the last set of FOMO buyers who still have money before the rug gets pulled out from under their feet. Judging by social media there are still plenty of morons who have money and the market will remedy that before this bottom is found. Bitcoin dominance is at resistance (~50%) and appear to have just created a lower low, which is a strong signal of a potential alt bounce. Again, if you want this bear market to end that this the last thing you want. We need BTC to break that resistance and get back over 80%.
BITSTAMP:BTCUSDLong
by Sawcruhteez
2
Bitcoin Daily Update (day 292)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: Price > Short MA > Medium MA > bearish Long MA with golden cross. Signaling 75% long entry but I wanted to be fully out of positions before starting the challenge. I will be ready to make some moves tomorrow. Patterns: Phase 7 of hyperwave | The cup and handle that I was watching for failed to confirm, that is quite bearish. Horizontals: Looking at the daily candles and you can see resistance and support moving down over the past 5 days. Currently S = $3,691 & R = $3,820 Trendline: Appears to be forming a trend from the top off Nov 29. Parabolic SAR: Just printed the second bearish SAR at $4,225 BTCUSDSHORTS: Back under the trendline. Most bullish indicator I have seen yet, looks ready for a squeeze. Funding Rates: Shorts pay longs 0.0056% Contango / Backwardation: Backwardation, another bullish indicator. TD’ Sequential: Price flip Ichimoku Cloud: Tenkan-Sen is acting as resistance Average Directional Index: Back below 10, looks ready for a trend Price Action: 24h: 2.7% | 2w: +3.8% | 1m: -8.0% Bollinger Bands: Trending bullish with price on top Relative Strength Index: Consolidating 50 Stochastic Oscillator: Still pulling back Summary: Happy New Year everyone! It feels great to be back! Going through this process today reminded me of why it is so important to go through all of my indicators on a consistent basis. I have been very bearish since Christmas Eve when we tried to breakthrough $4,080 to confirm the cup and handle. That is mainly due to the shooting star candle that was a bull trap. Great example of why you wait for the pattern to confirm AND wait for the candle to close. Nevertheless I feel differently immediately after going through my process. Bullish Case I like how much time we are spending above the 33 MA. If it stays there much longer then we will turn it up and that could see a fully bullish posture. I also like the BTCUSDSHORTS’ back under the trendline and primed for a squeeze. There is Backwardation in the futures market while the price is gaining over the prior 2 weeks and that is very bullish. Lastly, the Bollinger Band is in a bullish setup. Bearish Case Resistance and support have been moving down over the prior four days. The 33 MA is still signaling a bear trend. The Parabolic SAR was recently broken and is now bearish. In Conclusion I am staying away until the diagonals have broken. I am leaning bullish and will consider setting a stop buy order in the neighborhood of $3,861. I am not considering a stop sell order if we breakdown. That is because it is against Consensio and if I want to enter against Consensio it is a no trade zone. In that circumstance I would just wait for those guidelines to signal a sell entry. I hope everyone had a marvelous 2018. I know I did! The lessons learned will serve me a lifetime! It would take 10+ years in the traditional markets to learn what we had the opportunity to experience in crypto last year. A special thanks goes out to the brilliant teachers we have such as: Tyler Jenks, Tone Vays, Nick CryptoCore, UglyOldGoat, CarpeNoctom, David Puell and MustStopMurad. Thank you all for everything that you do!!! With all of the free resources available it has never be more realistic than it is now to learn how to consistently beat the markets. The opportunity is unprecedented. Even if you didn’t have the best year personally then there is never a better time to make something happen than right now. Not because it is New Year's but because it is right now! Start with a plan and then take action. If that is intimidating or hasn’t worked in the past then start with the smallest thing you can think of, like making your bed, and commit to that on a daily basis. Then build a positive trend, expect a pullback to retest old lows and stay focused on breaking through to higher highs, such as washing the sheets. In order to provide inspiration I have started the 2 BTC to 20 BTC Trading Challenge and posted my complete trading strategy and process . As always don't hesitate to comment with any questions. Start small, think big
BITSTAMP:BTCUSD
by Sawcruhteez
Bohus Pollak research on 200 Moving Average, 3159 USD is reachedWe have reached 200 Moving average threshold on Weekly Chart today. The overall trend is bearish. Moonboys wake up there is lot of pressure from SEC that will go after all the thousands ICO and this will bring the price down even more. The same as BCH that will be supported by selling of BTC that is mined by The Bitcoin Judas and the Fake Satoshi ongoing silent war against BCH and BTC as well. The hyperwave theory expect BTC going down to 1000 USD or around. Disclaimer: Bohus Pollak is not a financial advisor, nor do any of our employees, executives, or affiliates hold such certifications. None of the content on this website or any other Bohus Pollak media pages on internet constitutes as financial advice. Essentially, Bohus Pollak attempt to take the pain out of researching your favorite cryptocurrencies by providing data, analysis, and fundamental information all in one place. All of this information is Bohus Pollak own subjective opinion and nothing should be taken as financial advice. All Individuals are responsible for their own research and due diligence before making any investments. Cryptocurrencies, Forex, binary options are volatile and Highly speculative, an investor, trader, speculator, or any type of buyer of cryptocurrencies or investments has a risk of loss. Bohus Pollak holds no responsibility for losses incurred by cryptocurrency and investment purchasers. All of the content on Bohus Pollak ideas and posts and content distributed by any media is his own subjective opinion and is not in any way financial advice.
BITSTAMP:BTCUSD
by BohusPollak
New Call for the Bottom in BitcoinI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019. I thought that a breakdown from $6,000 to below $4,000 would cause capitulation and then I thought that support would be found slightly below $3,000. $2,718 to be exact. I was wrong. That definitely was not capitulation. Now I am very confident that we have a long way to go before find a bottom, falling to $2,718 would definitely not be enough. However I want to be very clear about the following: A return to phase 1 is not my call for a bottom in Bitcoin', it is Tyler Jenks' call. He has been saying this loud and clear for a long time and he has been mostly speaking to a deaf / angry audience. He continues to be right at each step of the way, yet the large majority continue to doubt / ignore / troll him. Including me, until recently. "As a technical analyst I know that nothing is 100%. I am embarrassed to say that hyperwave is 100% in terms of when you break a phase 2 that you go all the way back down to the phase 1. In this case it's $1,000. I would love it if this was the first time ever, out of 100's of examples, that this is not true." -Tyler Jenks at 17:28 in the following video: www.youtube.com I know enough about hyperwaves to have confidence in a return to phase 1 above anything else. I'm not shorting at these prices, stay tuned for the daily update to learn why, however I am also no longer a buyer from $2,700 - $3,000. This is a very important distinction and the explanation mostly lies within the risk:reward implications. There is one more distinction that I would like to make: the difference between bitching out on a great entry that you have waiting patiently for and the times when new information is presented and adjustments should be made accordingly. I have been planning on buying my Bitcoin back once the price got below $3,000 for months (sold $11,000 & $7,000). Those months felt like years and I have the gray hairs to prove it. However I know that I need to adjust my plans based on new information and I am confident that it isn't due to giving into any FUD. The main reason I am confident about that is because I have fallen victim to fear, uncertainty and doubt one too many times and I know what it feels like. The bottom line is I don't really sense any of that now and that is the main reason I feel like we have a long way to go before capitulation. Okay, enough of my input. Watch Tyler Jenks podcast on Youtube. Register for his upcoming webinar on Saturday. Then register for his presentation on hyperwaves at Tone Vays' Unconfiscatable conference in Las Vegas. If you do the latter then I will even buy you a beer after it is over and we can talk about all of the money we are going to make!
BITSTAMP:BTCUSDShort
by Sawcruhteez
6
Bitcoin Daily Update (day 253)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: “Isn’t much room left for continued sideways action. Consolidation starts with a wide range and a lot of volatility . Big trends tend to start following a very tight range and lowvolume / volatility / Bollinger Band super squeeze.” / Short BTC from $6,354 | Short USDT:USD from 0.968 with order set at 0.97 to cover. Patterns: Symmetrical Triangle Horizontal support and resistance: S: $6,360 | R: $6,376 - $6,383 BTCUSDSHORTS: Daily dragonfly tells me that shorts should start increasing within the next 24 - 48 hours Funding Rates: Longs pay shorts 0.01% Short term trend (3 day MA): Price closed > 3 MA | Watching for resistance from 9 MA and 34 MA Medium term trend (8 day MA): Angling up at $6,400 Long term trend ( 34 day MA): Angling down with price currently testing it Overall trend: Long term trend is firmly bearish. Weekly candle closed below 3 MA which is below 9 MA which is below 34 MA. That is a fully bearish setup. Volume: Pitiful FIB’s: Using Oct 15th candle) 0.382 = $6,559 | 0.5 = $6,483 | 0.618 = $6,405 | 0.786 = $6,280 Candlestick analysis: Rally at the end of the day closed a bullish wick / dragonfly doji Ichimoku Cloud: Price fell out of 4h cloud yesterday. Now it is right back inside of it. TD’ Sequential: Daily r5 | W r1 Visible Range: Looking back to last November the high volume node is 2X all other nodes and sits at $6,154 - $6,789. Price action: 24h: +0.34% | 2w: +1.73% | 1m: +3.6% Bollinger Bands: Currently finding resistance from daily MA Trendline: Phase 2 of hyperwave at $6,360 Daily Trend: chop Fractals: Up: $6,564 | Down: $6,207 RSI: Overbought on 30 minute. Watching for bear div Stochastic: Daily attempting to cross bullish. Weekly buy. Summary: The weekly candle closing below the 3 MA is very important to me. That puts the weekly chart back into a fully bearish posture. It is strongly preferable to start your analysis with higher TF’s. I start with the weekly and zoom in from there. The daily turned fully bearish a couple days ago triggering a full entry. Now that the higher TF is in agreeance I feel much more confident in my position. I have been paying close attention to the 30 minute chart for intraday price movements. The price briefly broke out of the down trend that I drew in yesterday’s post. Then it found resistance from horizontals. The we sold off to $6,270 before creating a double bottom. Now it is trying to from a bull flag and / or a Bulkowski Big W. However I am not falling for that myself. Instead I am paying close attention to the overbought RSI to see if we will get a divergence. By this time tomorrow I expect to create a new low below the $6,270 low from today. The weekly buy signal is a bit concerning and is the strongest indication that I see showing a bullish continuation over the next week.
COINBASE:BTCUSDShort
by Sawcruhteez
9
Bitcoin Daily Update (day 248)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: “If phase 2 doesn't hold then the target is phase 1, based on the rules of Tyler Jenks' hyperwave.” / Short USTD:USD from 0.968 with order at 0.97 to exit. Patterns: Testing bear trend after bouncing from phase 2 of the hyperwave Horizontal support and resistance: S: $6,338 | R: $6,470 & $6,815 BTCUSDSHORTS: Continues to fall toward support with no sign of reversal. TD’ indicates 2 days left to the downside Funding Rates: Longs pay shorts 0.0166% Short term trend (3 day MA): Bull Medium term trend (8 day MA): 8 Crossing 3. If it closes then bullish Long term trend ( 34 day MA): Appears to be flattening out, however if you use the Triple MA Forecast the next three candles are expected to continue to down trend. This is due to a few big green candles falling off from 34 days ago. Can find this indicator for free on trading view. Overall trend: There next three days will be extremely important to see if we can turn the long term trend up and make all of the trends bullish. For now I still view the overall trend as neutral. Volume: Starting to pick up ever so slightly. Still doesn’t resemble a bottom (low volatility and high volume) however it is better than nothing. FIB’s: Using Oct 15th candle) 0.5 = $6,483 | 0.618 = $6,405 Candlestick analysis: Broke through the top of yesterdays hanging man (invalidating it) and today’s today is nearly bullish engulfing (didn’t test below yesterday’s candle) | While typing this the 1h closed a bearish candle with the wick on top > the body Ichimoku Cloud: Trying to re enter 12h cloud, currently wicking off | 4h shows resistance quickly dissipating. TD’ Sequential: 4h g4 and 1h g2 show room left to the upside | Daily g5 agrees Visible Range: Looking back to last November the high volume node is 2X all other nodes and sits at $6,154 - $6,789. If the price closes above $6,789 at any point then that would be very bullish Price action: 24h: +0.78% | 2w: +0.15% | 1m: -2.17% Bollinger Bands: Still hasn’t tested the top of the daily band Trendline: Testing bear trend, watch out for bull trap Daily Trend: bull Fractals: Still haven’t broken up fractal at $6,497 RSI: Daily supported above 50 and has created a higher high | Short TF’s are not overbought Stochastic: Daily and 12h are approaching overbought zones Summary: This is the most interested I have been in watching the intraday Bitcoin' price action in months. After finding resistance from the bear trend two days ago we went on to create a higher low today (4h chart). The price is currently attempting to create a higher high and if the bulls follow through then that would be a breakthrough of the trendline. A clean breakthrough would come on high volume and then would have little trouble supporting a throwback (look for dragonfly / hammer of trendline support) which would create another higher low. Will that happen or will the bears hold strong at resistance? At this point I don’t think it is possible for anyone to provide more than a guess. Some made have better guesses than others, however even educated guesses lack subsistence and often do more harm than good. I strive for objectivity and will always avoid making subjective guesses. During times like this it is very important to stay on the sidelines and wait for further development. If you feel a strong impulse to get into action without a clear understanding of where the price is heading then you should use this time to develop the discipline required to overcome that urge to gamble. Either that, or you could play online poker / blackjack. There is nothing wrong with enjoying the gamble, however if you are trying to be profitable long term then a more professional mindstate is vital. Professionals are focusing on traditional markets while Bitcoin' figures out which direction it wants to go. At the time of this writing the Republicans have won 42 seats out of the 66 that have been declared. That is a good sign for the US markets as far as I am concerned and the markets responded favorably in the last couple hours of trading. The S&P' looks like it is ready for a strong rally tomorrow. However I remain convinced that the House of Representatives is the more important election. If the Republicans maintain majority then I strongly expect another 2 hours of a bull run in US equities. Based on the structure of the hyperwave, the next rally would be highly likely propel us into phase 4. If that happens then it will be hard for most to comprehend the potential upside. If want an idea look at Bitcoin's chart in November of 2017. That is where we went from phase 3 to phase 4 and the price proceeded to rally + 250% from prior all times highs.
BITMEX:XBTUSD.P
by Sawcruhteez
Bitcoin Daily Update (day 247)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: “...everyone foaming at the mouth after the daily candle closed +1.5%. That was an unimpressive move and it came on low volume” / Short USDT:USD from 0.968 with order 0.97 to close Patterns: Testing phase 2 of hyperwave Horizontal support and resistance: S: $6,360 - $6,380 | R: $6,400 - $6,427 BTCUSDSHORTS: Still falling toward support | TD’ shows two days left to the downside Funding Rates: Longs will pay shorts 0.05% | This is what I am waiting to see...longs get very expensive and btcusdshorts’ at support Short term trend (3 day MA): Cross above 8 & 34 with price below = neutral Medium term trend (8 day MA): Starting to turn up, crossing 34 would be very important for bulls Long term trend ( 34 day MA): Still angled down, one of the main reasons I am a bear and look for shorts in this area Overall trend: bearsih Volume: If you thought yesterday’s volume was unimpressive then todays was even less so (below MA) FIB’s: (Using Oct 15th candle) 0.5 = $6,483 | 0.618 = $6,405 Candlestick analysis: Daily hanging man | 12h hanging man both right on the trend resistance Ichimoku Cloud: Tried to re enter 12h cloud and failed TD’ Sequential: 12h has a red 1 and 2 that were very close to being 7’s and 8’s. If they would have close a few dollar higher then this topped on a 24 hours ago. Visible Range: Still below the point of control (POC) Price action: 24h: -0.4% | 2w: -0.2% | 1m: -2.74% Bollinger Bands: Still hasn’t tested top band Trendline: All eyes on the resistance from the bear trend. If we don’t breakthrough on high volume then I expect phase 2 to break down. Daily Trend: Bearish Fractals: Last move didn’t break up fractal, making that move even less impressive RSI: Watching to see if daily stays > 50 Stochastic: Daily still has room to the upside Summary: That pump did not break the most recent up fractal, it came on low volume and we failed to even test the top of the daily Bollinger Band. Longs are getting expensive and BTCUSDSHORTS’ are falling towards support. The daily candle also just closed a hanging man. In my mind it is highly likely that the bear trendline is going to hold as resistance and that is going to lead to a breakdown of the phase 2 hyperwave trendline. If phase 2 doesn't hold then the target is phase 1, based on the rules of Tyler Jenks' hyperwave. All of that being said I still think it is a little too early to re enter my short position. It looks like there is still plenty of support left from $6,360 - $6,380 and I am going to wait to see how the price reacts when/if we retest it. Another 24 - 48 hours of consolidating inside a ~$50 range seems most likely from here. That should give us plenty of time to watch how the traditional markets react to the election.
BITMEX:XBTUSD.PShort
by Sawcruhteez
3