REMEMBER THIS! Very long term analysis fundamental and technicalBitcoin almost exclusively moves parabolically with higher highs and higher lows. The tops of each bubble are very hard to predict, but the lows are usually a little bit above the previous high. The 2013 bubble started from around 130$ with a top at around 1200$, then price fell to low of around 170$, the we had the peak of around 20,000$. It is likely that the price may eventually fall to sub-2000$ level then bottom out and start going up again.
Bitcoin is still being used and is known by very few people, which gives it infinite upside potential. With such limited supply and relatively small sell pressure I sincerely believe that in the future, the price will reach enormous unthinkable levels.
Its main long term demand driver(apart from speculation), is its store of value attributes. Uncensored, pseudonymous, INFLATION-PROOF(this alone is a huge price appreciation factor), very difficult to confiscate, easy to store large amounts of it, relatively cheap to transfer, immutable, very difficult to attack and more importantly very little incentive to attack. Everyone can profit from it. There is very little incentive to attack it right now. Fiat money aren't currently threatened because of price volatility in using bitcoin making it very risky for doing regular business, therefore making it bad as a currency(for now). With such a huge upside potential, it is not advised to spend bitcoin in any way. It is more seen as a commodity and a speculation vehicle for most, so it isn't a competitor for fiat in existing violently volatile market conditions. Banks and government officials(meaning some people working for governments - not the governments themselves) can profit hugely from this unregulated market.
Government pumping BTC:
www.coindesk.com
October 22nd, 2015: Bitcoin price range: 268 -280$(BITFINEX). Bitcoin Price Range 13 days later November 4th, 2015: 367 - 504$(BITFINEX)
Bankers manipulating the market:
news.bitcoin.com
These are just a few examples of how serious this 'game' is. I could include many examples like this if I include China and others.
Risk safely, be patient, be brave and may God be with you!
Manipulation
ETH - BTC June 5-30 Forecast - a Wild TheoryThanks for your interest in WILD THEORY
Characteristics and the Basis of this Chart
- Forecast lines are Fibonacci in nature, not true TA
- A retrace like this has happened before on a smaller scale
- Pattern 'cloning' such as this one occurs on a regular basis
- Low probability of occuring, market fundamentals do NOT support it
If you are interested in hearing more about WILD THEORY
- Origins
- Questions and Answers
- Summaries
Then I suggest that you follow me....
and then go back and READ through my past 9 IDEA publications
READ ALL THE COMMENTS within those ideas...
Because that is where I write pages and pages of details.
Hot; EURUSD rocket upIt's finally happening. USDJPY (UJ) is going to drop into the Abyss and EURUSD (EU) will therefore rocket into the sky and perhaps beyond. See my writing style footnote below if the first line somehow bothers you.
Not much time before it starts (maybe it already is) but you will have plenty of time to trade both symbols because I predict EU to start a bull run lasting for almost 2 years and counting possibly up to 2700 pips or more.
Even though everything signals this process has started, pls be highly sceptical at all times. The USD purchasing bull may show up again and do another surprise run like it did a few times this week and every time again surprising me with new forms of price action.
Grab your game! Watch as the trend forms because speculators need to agree on the trend and until then it can be choppy waters. Scalpers may ike this.
Trading 101 sumup follows;
Ask me to detail a subject and I'll publish an idea if I have the time. It's a new idea of me to improve the quality of my ideas and chat messages as I have been told by other traders that I direct everybody into 100% losses :(
If you would like to scalp or day trade and don't know how to trade low volumes then stay away from Mondays and Fridays and trade only London and NY sessions. As the days may shift around due to scheduled process, do a couple of small trades to validate liquidity and therefore your r/r ratio.
Don't be fooled by the likely many signals that the market or its participants have/will set out for you, also known by many as stop hunts, traps, etc. You may already see some of this evidence right now (2.16pm UTC onwards*) similar to what we have seen before and after UJ dropped late November and early December '17, see my ideas for food for thoughts on this. Also back then, the actual process of change seems to start in extra trading hour after market close, which makes you wonder how random the market wants to look.
* Just had a look at 2.16pm UTC and discovered the head hunt is hammer making process. So one may assume it was formed by a programmed algo instead of honest buyers and sellers reacting to price change. Now that I have published this I wonder if someone else has before and if not how long it will take to change.
So start your trades not earlier than Tuesday at London open, (if it's not a holiday, I haven't checked) and do not trade Friday even if it looks like everything will be happening then. If you are confident and testing the liquidity turns out positive then go ahead, but as soon your experience negative change stop right away, call it the day and accept your losses under solid risk management.
If you are a swing trader it's also best to start your trade on Tuesday till Thursday within London or NY session as explained above. Constant liquidity will be in your favour, especially when you trade larger trade unit quantities, think of whole and multiple lots.
1) Buy the low and sell the top. This is obviously true and if applied well, improves you trading performance. How? Well, on a 4H time frame you could just enter wrongly and be looking at red numbers for at least 4 hours, while at the same time missing out opportunities on the other side of the market.
2) Buy the fall and sell the rise... ;)
Ofc you can always post questions in the FX chat room. People there sometimes seem very busy and remotely interested but that is because you may just have missed one of the many that do help out beginners or there is something interesting going on with one of the FX assets. Keep trying!
Cheers,
Arnaud
Footnote: One time message on writing style for all my ideas,
My apologies for my choice of words, it is my writing style. I like to add a little spice to the mix of the imho somewhat metaphorical stuffy and slow moving industry. My analysis and technical experience are mainly from a much faster moving and progressive industry and sector. Thanks for reading.
Another note: I hit 4k idea doc limit so I used space savers.
ICX: Triangle Pop?I haven't seen a chart like this in a while. The indicators are aggressively neutral, but I have identified an ascending triangle. To add to this, the 55EMA is below the 21, 13 and 8 lines, which is another short-term bullish sign.
This isn't the safest play, and I have a feeling there's some artificial pricing happening here, but if I'm right, then we'll gain some good insight into how market makers can even toy with indicators when they want to.
Bitcoin - ETH - Nice Surprise in AM - Hopes for Price RiseWoke this morning, thinking we fell..
cleared the sand out of my eyes and saw the opposite.
For those of you who are new to TA...
We are starting on the rising leg a formation called an inverted Head and Shoulders.
No, this is not a crushed bottle of dandruff fighting Head and Shoulders shampoo.
Visit these SAFE links to learn more about this pattern on Investopedia:
www.investopedia.com
www.investopedia.com
What does this mean for Wild Theory 00?
For the most part, it is interrupted
Here is a segment from my Q&A (published periodically about price manipulation)
Q: Are these (Wild Patterns) ALWAYS present, where they can be identified and followed?
A: Wild Theory is my forecast method for identifying manipulated price movement. This is NOT the only method I use to forecast price, but one of five. And… I have no choice but to follow the manipulations and predict what they will do next, because if I ignore them, their work will hurt my trading. To understand how I uncover their work, think of me as a bloodhound, tracking suspicious ‘engineered’ patterns. Also understand that ‘Wild’ patterns are NOT constantly present. They touch down and lift off in various key areas of a live chart… much like how a tornado descends from the clouds, runs it path and flies back into the clouds. In short, TA charting will return to normal when they are NOT at work… or when the market simply overpowers their efforts. Wild patterns can appear on a large scale (as they have in May 2018) -- but are more evident on a daily and weekly price chart.
BTC - ETH sill trapped in range.. what is next...Thanks for LNE and Botje11, who chat with me a little and took some interest in my words.
Both are superstars on Tradingview, I trust their TA work.
Those of you following me KNOW I take the best TA work and draw my own conclusions.
This is because the MANIPULATORS do their own best TA work and then do their own manipulations.
THEY BUILD ON CURRENT TA, FOLKS and still so many charters on here are in total denial.
Some of the other more popular charters have gotten angry at me..
that I challenged their 30 years experience... yadda yadda yadda
Well, last I checked, we are in a DIGITAL REVOLUTION
and the old ways are changing.. fast
You either keep up or you get left behind.
TA and EW this month is 50% correct and I want better odds.
Enter, then Wild Theory.
Are bears actually bulls in disguise?I'm posting a chart with absolutely no trend-lines, pennants, or any other sort of TA attached for one simple reason; I want to turn down the noise and just reflect on what's happening. Imagine a spring. When you compress or pull the spring and release, it moves back and forth until it finds equilibrium again. The market also acts as such except the spring itself is constantly changing. When we see a series of trend-lines that have the up and down motion inside it, that is the motion of the spring after release. The breaks in trend line is when the market has created a new spring right before release. This is when TA can tell us whether or not the spring will continue it's back and forth motion or if there is a change to the structure.
In the last part of 2017 we saw the spring structure change, pulled, and then released. If there was a constant like in physics, we saw the spring bottom out at about 5,9k as we have not seen it drop below that in almost 4 months. So why would we bounce out of this structure. One: people will intentionally weaken the structure or people will intentionally build the structure, the structure being the spring.
To the question I pose, it seems like an overwhelming number of bears sell coins knowing or with the intent of buying cheaper as to accumulate more of almost any crypto-currency. Essentially you shock or weaken the structure but understand that it can probably rebuild and put you in a better position. However, after reading their ideas it truly feels that most still expect exponential increase in the long run. So perhaps instead of saying that some one is a perma-bear maybe we should shift perspective and realize that most are just simply smart enough to trade the trend.
I think most people are missing a huge point by panicking or not backing up and looking at factors outside of normal trading. Yes there are plenty of whales out there and market makers that are probably consistently manipulating the market, but even whales can't buy countries or compete with most countries GDPs. There are entire countries that are building on blockchain and crypto-currencies as we speak. The big institutions all over the world are prepping trading desks and getting their plans locked down. Major front desk persons have left some of these bigger players to work on their own projects so from the inside they know what is coming. So now ask yourself this. Can all the whales in the world compete with the rest of the world. On the macro level I would have to say it is an extreme and overwhelming "no." They can hinder and slow down or speed up a process, but in the end if we see these currencies come to fruition, not just used as a store of value, then what is a billionaire compared to trillions of dollars of flow of products.
The fact that people are more worried about smaller whales and manipulators than global controllers is definitely missing the forest for the trees.
Price Rise Today was ACCURATELY forecast YESTERDAY - now what..I hate to say I TOLD YOU SO...
Well, I fooled myself this morning....
Woke up and thought, what's with the price rise?
Then I went back to YESTERDAY's CHART
and saw I already predicted this little mini rise...
and wrote a blurb about it ON THE CHART.
And this was NOT a clone detail of the Historical Pattern (Formation A)
How did I derive the short rise?
by considering..
- Trend Lines of Support and Resistance.. that SHOULD interfere with the older pattern
- Upwind regression analysis web page (Dynamic Forecaster for BTC)
- Good news articles about where BTC is heading in June-July to December.
The TA charters who denied this current trend are coming around.
They are UNAPOLOGETICALLY remapping as if they had never been wrong
-- Let me depart some trader WISDOM --
When your TA is wrong and you are day trading..
BEING WRONG IS VERY EXPENSIVE
10Year German Yields : A Scenario to profit from QE endingHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle.
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Global-Review / May 28th : Waiting for VIX sellers to fail !Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle.
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Bitcoin and ETH - consensus on a play Upward is probably wrongHello Folks
Who is TEAM EVIL?
I still haven't had time to write the story behind them and what their plans are for the ENTIRE PLANET.
If you have NOT been living under a rock, you know my manipulation theories are proving to be true in the news.
However, people are still laughing at my larger conspiracy theories.
Nor do I really care...
As long as my forecasts make ME money, I laugh all the way to the bank.
Note: as an altruist, I always share my knowledge... anyone is welcome to explore what I reveal.
It does take some skills to find the Wilt Theory patterns BEFORE they are completely obvious.
And the chart above, well it's obvious that TEAM EVIL is repeating an a previous play.
NOT abandoning TA... but it seems to be good very short term at the moment...
Some TA is still required for general hourly movement predictions..
but the fate of Bitcoin(BTC) and Ethereum is already sealed for the next 6 months.
[BTC] Bullish Signs in Bearish Continuation Pattern?Quick look at the shorter, 1-hr timeframes. Not a whole lot to say or analysis to go off on the short term for Bitcoin so kind of just a hypothetical.
Bearish mid/longer term and the symmetrical triangle consolidation right at an important long term trendline (dotted red), isn't making me any less bearish. Buuuuut... we've seen this before not too long ago and proceeded to rocket upwards.
The downtrend and triangle consolidation looks very similar to the larger fractal which dropped BTC from nearly $12k to $6k and then a big ol' short squeeze invalidated the bearish symmetrical triangle with the very notable green candle propelling us to recent highs in the upper $9k area.
Of course the Long/Short Ratio on Bitfinex isn't nearly low enough to support a massive short squeeze like we saw in April. Although, this time around we're in a smaller fractal so that's not all that necessary and plus it's highly likely that was done artificially by larger traders hunting stop-losses. The 1-min candles can support that theory here, creating a big 1-hr candle ending with a longer wick up top. A bull flag is in the making after that now in the purple trendlines.
Also note, bear volume spikes declining as bull volume spikes increasing as the triangle range narrows.
We'll see how this plays out, not holding on to positions until a clear break. Most likely bearish but shouldn't discount bullish possibilities.
WILD THEORY - Play 00 - Leg ATHIS IS A CONTINUATION OF THE IDEA I PUBLISHED LAST NIGHT AT 10 PM 05-25-18
If you saw the map I drew, it inferred we were following a greater pattern.
WHICH MAKES NO SENSE, BECAUSE CRYPTO IS DOING GREAT
WE SHOULD BE FLYING HIGH...
DUE TO ALL THE BREAKTHROUGHS AND SPECIAL INTEREST
But I purposely made it clear, that we were following A MIRROR..
And THAT FORMATION led wayyyyyyyyyyyyyyyy down...
So naturally, if my theory holds up...
We are going down.
Did you read this morning's crypto news?
For the first time in God knows how many months
We are below the 200 MA
And that means a big drop is probable
So last night...
while all these hopeful analysts plot a rise
I was prepping for a deeper fall
And I was fairly sure we would bump up against the resistance line at 7600
(615 ETH)
And knew when I woke next morning
We would have moved down
(Right now we are heading up to test that resistance)
Most often, after 3 failed tests, the price dives down to test the next lower support level.
To explain who are the FORCES behind WILD THEORY
I need to publish WHO THESE ENTITIES ARE and their AGENDA
And for other than no better name to use, I call them
TEAM EVIL.. because DEEP STATE is already an abused cliche
Verge of Despair: (3) NON-TA theories where BTC will go in JuneWILD THEORY EXPLAINED
PART I - How I discovered WILD THEORY
Most of you are probably thinking I am a crackpot conspiracy theorist.
I do KNOW such people. Some are indeed gullible and some are crackpots.
But one such friend of mine had his life threatened 3 times.
Namely because of his outspoken nature and organization of various committees.
His biggest theory is about the DEEP STATE.
Trust me, if they threaten a 75 year old man with no money, they are serious people with a big agenda.
I saw photos of one of the latest attacks. It's a big wrench that is deeply embedded in his car tire.
The mechanic who changed the tire could not pull it back out.
The kinetic force required to insert this wrench...
through the metal radials and rubber is incredible.
It was a warning.
Told my friend to STOP telling me about these people, because I will not join his crusade.
More important...
At the same time this happened, I bought crypto for my first time.
Two ETH coins at $ 750 -- that I sold 3 weeks later at a $ 192 net profit.
A new hobby was born..
whereby I also thought that would be the last mention of conspiracy theory.
As a new trader, I had no technique..
Entered the market at the quivering correction in February 2018.
Come March, the bears took over --- I lost close to $ 2,000.
Desperate for a plan and method, I started placing rulers on charts...
(Discovered rudimentary TA, without ANY HELP)
Began looking for patterns. while hunting the internet for live price charts, etc.
Found some chart TA forecasters on crypto news sites
Most of them were unreliable, but I realized TA was a science
Found that ETH followed BTC, started tracking BTC.
Next... developed my own method of day trading.
My losses reversed, began earning good money, got back all that was lost.
As a student of sciences and academic scholarship winner at a recognized college...
my instincts were to apply anything I ever learned... to seek patterns.
The first patterns I saw looked wave-like. These were fractals.
I watched for fractals... and that helped a little.
Then I started paying attention to the news.
Fractals acted up big time during main news events, etc.
Next came the Mt Gox court settlement... and the new Futures BTC market...
Everything went to hell.
But I did well.. because I noticed something weird..
which was unexplainable patterns that defied logic.
However, I had to see these in my mind first
They are hard to recognize, like shapes in clouds.
More important, you have to see them BEFORE they finish forming.
It's somewhat like naming a song tune by just hearing the first four notes.
April was a great month...
But now we were in this faux Bull market again.
( I will explain that later)
Then came May.
May defied most of the forecasters.
So I began to assemble my Wild Theory.
Wild Theory is based on fingerprints and anecdotal evidence.
From these things, I was able to figure out where prices where heading...
because I had a theory of what the END RESULT was going to be.
I was now trading WITH the price manipulators.. and
THINKING LIKE THEM.
PART II
WHO THEY ARE and THEIR AGENDA
(To be continued)
Global-Review / May 24th : VIX scenario is on ! Big move ahead !Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle.
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Today's Lesson (#5) : How trade possible market manipulations.Before playing that video, be aware that I'm a very agressive trader, which means high level of risk into trying to copy my trades. The quality in those videos comes out of their content, not just following blindly. I'll be trading this with low leverage as this is highly speculative. So please don't just follow blindly but just take the educational content out of this to learn how to trade manipulated market more "safely", still being aware that this remain high risky thing !
Global-Review / May 23rd : Interesting US session ahead !Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle.
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Want to know where bitcoin is HEADED?Hello everyone,
hope you are having a wonderful day.
With BTC chart, we are right now in re-testing zone of 8800, where we re-tested 3rd day in a row and did not break through.
We can see lot of tries by bulls to get back in the mood, but as you can see by the charts, bears have more power in this area.
By my info, we will soon spike to around 7800 levels, where i will place some trades for a few hours to get some free % on correction back.
But in meantime i will be full in FIAT because i expect consolidation to 6650 levels where bitcoin is headed right now.
We could be seeing push to 5500 if BTC will be weaker.
For XRP im awaiting pullback to around 0.30$, where i will be acummulating because of my information what will happen this year. You should do that too.
In this position i would be very careful of putting any trades.
Consensus will mean nothing to BTC. You can call it non-sensus.
Wish you best luck in trades.
Manipulations marketAnyone have questions about the handling of this market? Here in the kingdom of the whales there are no patterns or graphic logic but a reading of books by leverage with the only goal = to rip the bitcoins of the deceived, the clip is no longer something really promising when large funds discover it, in the small we do not have any chance in this market full of malicious and biased pimps to take their money.
Be Careful When Others Are GreedyBe Careful When Others Are Greedy
There are still too many who think we'll break $10,000 soon.
I think we'll see one more drop again after the correction, so the Bulls should finally be bearish again and be scared.
However, the current upmove could go to $9,700/9,600 before we see the drop in the $8,000 area.
After that, the long-awaited break out of $10,000 should come.
But it may take a few days until then.
Note: The targets may change over time, but I'll keep you posted.