Institutionallevels
BTCUSD: Potentially the start of the next bull run is here.My alerts have been going off all day today, I knew it was going to be a good day. A big move is imminent, so here is what to watch out for so you don't miss the next bull run:
So we are at the 5800 demand zone. Now the question is, is this a genuine uptrend or downtrend? Where is smart institutional money going to be buying?
Primary Signs for the next bull run:
- low volume sideways movement (days to weeks)
-price shoots right back up to 5800-6000 trading ranges. (currently at 5832, lets see if the daily closes on these ranges.)
Primary Signs continuing downtrend (after the daily close):
- price slowly going down, below the daily close.
- price quickly going down, below the daily close.
KEEP YOUR EYES OPEN for these signs.
BE PATIENT, DO NOT FOMO. Price is not going to jump up anytime soon.
Secondary signs:
Watch for signs of REVERSAL on the higher timeframes (1hr, 4hr, daily) for RSI divergence.
TDsequential might be useful here for finding signs of reversal.
If you make money on this big move, and I helped you out. Consider donating BTC:
3BMEXXKEVhG2HGB3UDjt7nwQ8b6odbJ7b3
Elliot Wave Armageddon Building up on Elliott Wave Techmology study, this is the candle pattern from MtGox collapse pointing new lows.
Although a W.4 is expected to normally retrace 0.5 and move sideways, W.2 retraced for more than one year and the start of W.1 isn't determinable to secure that 0.786 retrace. In this case by following Elliott rules, W.4 should be a sharp wave, retracing 0.618+ respecting as a rule, in the final analysis, only W.1-top, MtGoxTimeHigh.
Also institutional traders looking to join the market for the first time would not loose the opportunity to shakeout the not-so-new money out of market. It is imperative for a institutional campaign to get price levels on September Trade Zone, prior to global media publicity, so they will Accumulate much much more.
Trying to predict the smart money's next move UP - EURGBPWe can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's techniques to come into play as always where they will attempt to stop out any sellers selling at a potential break downwards of the previous broken structure, before buying back up and reach a potential 100-115 pip target.
My 20 cents, I'm not a prophet just trying to look beyond just technical analysis. After all it's the smart money, the big institutions, that move and manipulate the markets in whichever way they want.
A 7 Month Look Back At The S&P 500 (SPY) - What Now?Several conclusions can be drawn from this DAILY chart of the SPY. Even more questions will no doubt come to mind as a result of those conclusions.
If you thought you might find the answer to the above question you can stop reading now. The easy answer to the question is not in here. I surely can't foretell the future. Honestly, you wont get the answer anywhere. Maybe you should keep reading after all...
Let's talk about some possible "What Now" scenarios.
The market could just continue higher...
Now this is a very unpopular scenario. When was the last time you heard a majority of the investment news guests leading you to believe that everything is good and the markets are poised to go higher? Yea, I can't remember that either. So it doesn't seem like many people are in this camp. To all of the people calling for a correction, all I have to say is look at the chart. The market just broke above a resistance level that was established in February. SPY has closed above that $212ish level for 6 days now. All I am saying is it is a possibility...
The market could go sideways for a while...
Lets say the SPY sinks back below the $212ish level and hits the green uptrend line before going back up to the $212ish level where it is rejected again. It goes back to the green uptrend line again before turning higher. Etc... This could go on and on and on. It might be July before the "Wedge" is resolved. And then you will still have to play the break of the wedge properly to profit from it. All I am saying is this too is a possibility...
The market could go lower any day now and make a bunch of business news guests look like really smart people...
If this is the market reality we are faced with as so many are predicting, let's look at what has to happen and how to deal with the possibilities.
First thing is the SPY will have to go back below the $212ish level. This would, at the very least, give us a "false breakout". If you want to see an example of this occurrence just look at December of 2014 on this chart. You will see SPY broke above the $208ish level then came back down below it. The SPY was at $198.5ish in 4 days.
The next thing SPY will have to do is close below the $208ish level. If this happens then SPY will break recent support. At this point SPY will probably be below the green uptrend line as well. Now things are beginning to get interesting. Let me say that this is the point where you should get concerned about where the market may be going.
The $204.5ish level is the next support line to focus on. If the SPY is going to find support this is a logical place for it to happen. There are no guarantees but keep your eyes on this level.
Let me put this hypothetical SPY decline into perspective. If SPY closes below the $204.5ish level, it will be about 3.5% below its highs. If SPY closes below about the $201.5ish level, it will be about 5% below the highs. Many are calling for a 5-10% correction. So at this point they would begin to be correct.
The next support level the SPY would have to close below is the $198.50ish level. This would be a 6.5% decline. Below this level is a level in the mid 180's. These are not the areas where you want to be getting out. These are the levels where you want to try getting back in.
Many big players will begin to lighten up on their longs if SPY goes below the $212ish level. When they lighten up, you need to be light on your investing feet too. It would be a good idea to raise some cash at that point. With each support level that is lost, the big players will sell more. This will push the market lower. What is their goal? It should match yours. Simply to lose less, have cash available to buy back shares at some lower price, and make more money on the way back up.
Bullish Divergence should lead JCP back to 7.50sFriday brought the first higher low reading on the mac-d histogram signaling entry for JCP long. This came off of noticeable momentum divergence from both the histogram and the signal lines. Also, RSI showing some divergence. There was above average volume on Friday leading me to believe that the buying brought on will be able to be sustained as we shoot for the upper resistance level.
Institutional Volume Spike and Price Action CloseFriday brought a bullish price action close with some very sizeable volume for BRX. Momentum is creeping higher, and it looks like this could lead to a nice bounce away from the 50 ema which also happens to have landed at a noticeable support level as well. Not shown, the mac-d histogram has also made higher lows for a few days now indicating that bulls are likely stepping back in at this level.
Bitcoin regulation, huge volatility ahead?A couple of things to watch out for at the moment:
OVERSTOCK CEO PATRICK BYRNE PROMISES “INTERESTING ANNOUNCEMENTS” AT LAS VEGAS BITCOIN CONFERENCE
insidebitcoins.com
NEW YORK (InsideBitcoins) — Promising some “interesting announcements” regarding Bitcoin on Twitter (see below), Patrick Byrne, CEO of Overstock.com, will deliver the final keynote for the Inside Bitcoins Conference and Expo in Las Vegas at the Flamingo Hotel on October 5-7, 2014.
CFTC’s Global Markets Advisory Committee to Meet
www.cftc.gov
www.cftc.gov
"The meeting will focus on issues related to clearing Non-Deliverable Forwards (NDFs) and the digital currency bitcoin. The meeting will consist of two panels. The first panel will discuss whether a clearing mandate is appropriate for NDFs, with a particular focus on how such a mandate would impact foreign exchange contracts. The second panel will discuss CFTC’s jurisdiction with respect to derivatives contracts that reference the digital currency bitcoin."
New York State Department of Financial Services (NYDFS) superintendent Benjamin Lawsky is to deliver a keynote speech at Money20/20:
www.coindesk.com
"New York State Department of Financial Services (NYDFS) superintendent Benjamin Lawsky is to deliver a keynote speech at Money20/20, which bills itself as the world’s largest event for payments and financial services innovation. "
European Commissioner-Designate to Discuss Bitcoin at EU Hearing
www.coindesk.com
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Depending on the outcome of these meetups, keynotes & events ahead, it is almost certainly one that will have huge effect on the price in the coming months. The last time it happened was on October 2013 which resulted in the rally towards $1000.
ETF: www.bloomberg.com
www.sec.gov
VNTV Experiencing Extreme Momentum DivergenceVery noticeable bullish momentum divergence occurring at support for VNTV. Monday brought a price action close for resuming the uptrend. A pin bar on high volume today should confirm that this level should hold, and price should look to retest its next resistance level.
HAL Back to $70Bullish Piercing Candle at support on above average volume at channel support with momentum divergence. We had a higher low recorded on the MACD histogram as well. I am looking for HAL to retest its next resistance level at $70. With stop losses below the low of Friday the trade gives you a 1.5R.
FCX at Support w/ Momentum DivergenceVolume Spike on Friday at support brought a pin bar like candle on extremely noticeable momentum divergence. I would look to get long at the closing price of Friday; however, the more conservative trade would be to wait for a break of Friday's high or even a close above that price. I would look for a retest of the first major resistance level around $37 - profit target put just in front of that level. There should be some resistance seen at $36 as well which would be a good level to raise stops to break even.