ASCENDING TRIANGLE PATTERNASCENDING TRIANGLE PATTERN
Looks to me like BNB (the coin that keeps on giving) is forming on the daily chart and looking to have convincing breakout passed 18382 stats. Temporary support at 16485 stats and base support at 14730 stats for the week. Positive cross over on the STOCH RSI on the weekly chart.
-------------------------------------------------------------
*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
Narwhal
DGD BUY OPPORTUNITYDGD BUY OPPORTUNITY
DGD has been in a downward trending channel since March 01. It went on a great run in MID FEB as BTC and other ALTS were bleeding out in value. Looks like DGD has found a bottom and poise to start a bull run while the rest of the market is becoming more uncertain.
Strong support at FIB LEVEL 0.236. STOCH RSI showing bullish convergence. MACD looking to cross on the daily chart. Stop loss at 0.13990 as there's a chance DGD might want to break down to previous support and FIB LEVEL 0.118.
The first test would be for DGD to break out of it's current channel and test 0.27185. Everyone is expecting BTC to turn around on JUNE 6TH to finish it's ascending wedge towards 10-12k. Lets hope that before that DGD makes it move before that.
-------------------------------------------------------------
*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC 2.86% under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
FIGHTING OFF BEARS - LEVELS TO WATCHUPDATE - LEVELS TO WATCH (ALT RALLY CONTINUES)
Keeping a close eye on BTC as it relates to the ALT market. We need BTC to build up and correct slowly and most importantly avoid a fast drop off. I don't think the ALT drive is complete yet and we are just finishing the first set towards recovery. There's a lot of TA out there that are still bearish on BTC however I feel like traders' sentiment is starting to become positive yet very cautious which makes perfect sense.
Watch for BTC to stay in the blue triangle and try to holds above 7.9k as it works its way towards breaking 8.4k and retest 9k. What I'm eyeing now is a small cup and handle pattern forming as we recently dropped down to 7.8 and immediately shot back up to 8k.
A drop off pass 7.6k that would put us in danger of a bearish scenario as we floor it to 6.6k and lower. Look for BTC to slowly build up and stay in range of 8-10k for this few months. The crash pattern scenario is still on the table yet delayed for a now . . . i hope.
Avoiding the FUD and the hype.
-------------------------------------------------------------
*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
BUY OPPORTUNITY DNTBUY-IN around 744 stats
Target 1 @ 1065 stats
Target 2 @ 1142 stats
Stop loss at 700 stats
NEO RUN UP UPON US?NEO RUN UPON US?
After sliding down since the end of FEB, NEO looks ready for a rally to make up loss ground in it's BTC comparative.
BUY-IN @ 7450 STATS. Initial stop loss at 7350 stats and trailing stop loss afterwards. If it is a rally possible Q2 targets are:
T1 @ 8053 stats
T2 @ 9438 stats
T3 @ 11152 stats
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
ETC RALLY - BUY AND HODLBUY AND HODL
It may not be in your top 3 alt coins that you follow and trade in and out of but it's the perfect hodl coin for this quarter right now cause you can set it and forget about it.
It's found it's floor after retracing since FEB 14TH. Alts have been in recovery rally and ETC is off cycle compared to them. It just found some life and up 4.29% now. Better yet, its forming the base of a huge cup and handle pattern forming on the daily charts. Wait for ETC to come down a little from it's current drive the the next upward trending 1 HR MA crossing.
After it passes 2500 stats it's going it has a huge breakout scenario inside the daily red kumo.
-------------------------------------------------------------
*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC 2.68% under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
BTC USD ABOUT TO FALL TO 4.99K USDStrap in cause we are going to go for a ride. Forget the double bottom at 6k. We need to hit a fib level of 0.118 @ 4.99k for it all to be over but we won't stay there that long. See the two orange rectangles and the same sequence patter. We are in the second half of falling towards the bottom. We have seen some ALTS hit FIB LEVELS of 0.118 and started to start new trends towards a slow and steady climb out of their own bearish triangles. Summary prediction: Will drop hard to 4.99k to get our 0.118 FIB LEVEL bounce back and head towards the blue dotted trend line. Then this bearish winter will finally be over.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
ICX BUY OPPORTUNITY (4 DAY TRADE)ICX BUY OPPORTUNITY
ICX looks ready for a breakout. from it's descending triangle and break through it's red kumo. STOCH RSI and MACD all low on the 1HR chart.
BUY-IN @ 3225 stats
TARGET 1 @ 3549 STATS
TARGET 2 @ 3945 STATS
*STOP LOSS @ 3175 STATS
**TIME FRAME 4 DAYS
*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact you can go John McAfee at a BTC under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
UPDATE XVG MARCH 28TH IDEA - IS TARGET 3 IN SIGHT?UPDATE XVG MARCH 28TH IDEA - IS TARGET 3 IN SIGHT?
Just shy by 29 stats towards reaching target 2 but lets mark that in the victory column. Look for XVG to cool off in the next 2 days. I'm hoping the STOCH RSI will keep Verge up as the MACD brings it back down to above 1100 stats as the next buy-in. Stop loss would be at 1054 stats. Look for another rough cup and handle pattern to form before confirming a target 3 scenario.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
CRASH WARNINGProbably going to get a lot flak for this but it looks to me like the US stock market is going to crash hard. Here's a S&P 500 FROM 1994-2018
Things of note
- Double top from 2000 & 2007
- Three set impulse drive from 2009 to 2018
- Parabolic growth from FEB 2016 to JAN 2018.
On the news front we have the fed interest rates going up / employment numbers that initially started this crash. The beginning of a trade war with China and the Syria conflict that is becoming much more global.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
ADVICE FOR NEWBIES (SELF INCLUDED)ADVICE FOR NEWBIES (SELF INCLUDED)
Do you dream that you shorted bitcoin when it was at 20K on Dec 17th and bought back in 6K on Feb 6th? Do you regret not getting out of ALTS in mid January or had more capital to put in for the ALT before bull rally? Do you fantasize that you put in 1K in BTC way back when and ended up being crypto millionaire by now? We've all been there.
I'm under the assumption that if you are reading this post it's cause you are relatively new to crypto and trading just like me. We all had massive gains during the end of the last year and saw our chip stack dwindle down in the past few months. We've been chasing rockets and trying to catch a falling knife. We were lucky a few times and got burn more often than naught. We came up with self excuses and told ourselves that this would be the last time we would make "that mistake" only to make a new found mistake. We keep looking for an edge.
The truth is that when we "win" we tell everyone and when we "lose", we keep that to ourselves privately. It's hard to see a coin that posted 30% profit in one day and not want to be part of the action. I mean how many times did you get into a coin only to sell early and watch that same coin run up? We've all been there.
We were were all super cautious when we started but after experiencing a real bull run, we started playing more wild and loose. Each time we were hoping for massive gains to offset our previous losses. It's easy to make money in a bull cycle; it's even harder to walk away from the table when you are ahead.
I'm going to start all over from the beginning and here's are the rules that I'm going to be trading with. I do believe in BTC and think we will have an ATH by the end of the year. I also believe there's more gains to be made ALTS than in BTC (and also more risk associated) IF you play it right.
*TRADING SCENARIOS
#1 When BTC pumps, it sucks the life out of ALTS.
#2 When BTC makes modest gain, it takes ALTS with it.
#3 When BTC corrects, ALTS fly.
#4 When BTC crashes, it drags ALTS with them.
*PORTFOLIO RATIO STRATEGY
A) BTC UP and ALTS DOWN (100% in BTC for a BTC PUMP)
B) ALTS UP and BTC DOWN (100% in ALTS for an ALT PUMP)
C) BTC UP and ALTS UP (50:50 BTC/ ALTS)
D) BTC DOWN and ALTS DOWN (100% FIAT)
**TECHNICAL ANALYSIS STRATEGY
1) TA will help with your limits but NEWS/FOMO/FUD are the catalyst for how your trades will perform. Before making a trade, do a quick news search for what's going on for that coin such as coinmarketcal website (coinmarketcal and not coinmarketcap).
2) I like using FIB levels, KUMO and trendlines. The main indicators I'm using are MACD and STOC RSI and sometimes RVI (Relative Volatility Index). *I like RVI instead of using Bollinger bands because it gives a number value for volatility)
3) What ever I'm looking feeling, see if I get the same confirmation on the daily, 4 hour, 1 hour, and 15 mins charts.
4) Set stop loss limits, target prices, and most importantly a time frame limit. Is it a trade that you are going to hold for a few days, months or a year).
5) If a coin is already popping, you missed the boat, don't get into it you might be too late to the part and will be left holding the bag.
and finally #6
6) Before you make a trade, have an idea where BTC is going.
And with that here is the chart that I have for BTC for the week.
--------------------------------------------------------------
BTC/USD - 4 HOURS
I honestly have no idea :)
Looking at the STOCH RSI and MACD we are falling/correct (just in time for the Sunday dip). We have a support at 7.4k for a pending correction which would keep this drive alive. Then we can work ourselves up to 9k resistance level. Cool off, retest and plan for the next resistance level of 10k. I'm also basing this off of KUMO.
The blue dotted line is the trend line channel from the ATH and the fail drive from 3/5/18 while the green dotted line is the support trend line starting from the bull bt
ICX BUY OPPORTUNITYICX BUY OPPORTUNITY - Looks like ICX is forming a cup and handle pattern for this month with a base at its FIB 0.236 level. We have bullish momentum building up on the MACD Daily chart.
Target 1 would be at 3720 stats (with a drop afterwards to form the handle). Target 2 would be at 4744 stats. Buy in at 3000 stats with a stop loss would be at 2700 stats.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
BUY AND HODL ADA OPPORTUNITYTime to secure a HODL position for ADA. Looks like ADA has finally done correcting after a nose bleed first quarter where we saw ADA drop more than 80% from it's ATH.
BUY IN @ 2050 stats
Target 1 @ 2718 stats
Target 2 @ 3530 stats
STOP LOSS at 1906 stats
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
UPDATE - LEVELS TO WATCH FOR ENG BTCUPDATE - LEVELS TO WATCH FOR ENG BTC
Look for ENG to break it's current sideways movement downwards underneath and along the blue dotted trend line. ENG will find temporary support 13753 stats and then work itself down to 6198 stats.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
ICX BUY OPPORTUNITYICX BUY OPPORTUNITY
Thought I gave it a try and publish an idea on Trading View. Any constructive feedback or comments would be helpful.
The ORANGE rectangles are the pattern drives I think ICX is currently on as respect to the last bullish cycle.
Recap: ICX found it's bottom on 3/18 at 2135 stats (around at a 11.8 fib level) and finally break out of it's downward channel (the red dotted line). ICX has a great run up from it's new base line and yielded 122% in gains.
Look for ICX to retrace to 3414 stats as a good buy in level. Target would be for ICX to retest 5140 stats, retrace and eventually finish up at 6120 stats. This will take a week to play out.
*** What's BTC doing? I'm expecting BTC to have a big week as it retest 10K USD. As BTC runs up it will suck out the market cap from ICX and other ALTS. New support levels at be found at 50% retracement from the last current high.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
UPDATE - STILL ON TRACK FOR BTC TO BOTTOM OUT AT 4975 USDBTC WEEKLY CHART BOTTOM AT 4975 USD
Update to an idea from March 31st. We are getting close to bottom. I'm expecting btc to reach 6k by today to give us our temporary double bottom before further sell offs that will finally gives us our absolute bottom at FIB LEVEL 0.118 @ at 4.97k.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
LEVELS TO WATCH ETH/BTCLEVELS TO WATCH ETH/BTC
Watch ETH/BTC to drop further to 47,292 stats for some temporary price action. After that, look to secure a HODL position at 35,596 stats for an ETH/ BTC run up.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
UPDATE SHORT ICX TO THE BOTTOMUPDATE SHORT ICX TO THE BOTTOM
ICX is coming back home again Look for ICX to drop even further. Given ICX's correction behavior for the past few months, it likes to drop hard and fast. Don't take this trade.
BTC is working itself for a double bottom at 6K and I still believe BTC will slide even more to 4.99K to reach it's 0.118 FIB retracement (see my other BTC chart.)
We have strong support for ICX at 2090 stats from the previous bull run (blue dash line), the base of ICX's previous B wave rally (red horizontal line) and FIB level .118 from 3/18.
Look for a BUY-IN entry for a long term hodl position between 2453 and 2152 stats before April 15th.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
VERGE PRIMED AND READYVERGE PRIMED AND READY
Really feeling this chart pattern today. It has a retraced beautifully at 83.76% from it's ATH.
BUY-IN - No set buy in price. Check the STOCH RSI when it's near 0.00 on the 4 hour chart.
T1 @ 977 stats
T2 @ 1383 stats
T3 @ 1635 stats
Timeline. Up until April 12th. *Just a theory I've been testing out. Lets see if it's true or not.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
SHORT BNB BTCSHORT BNB BTC
Awesome coin that we saw rise 48% in the span of 12 days however I'm expecting it to retrace alot further compared to other ALTS. Continue to short BNB BTC until it reaches it's base of 8596 stats or until another good buy opportunity appears in late April.
BNB USDT would be an altnerative however there are better USDT pairings coins that would yield better results. BTC will have a stronger 2nd quarter compared to BTC.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
UPDATE - LEVELS TO WATCH FOR XLM BTCWith BTC -2.68% taking a major dip a day ago, XLM -2.15% outlooks grim. It has remained sideways for now. The temporary candlestick XLM -2.15% took down to 2100 stats does not bode well for XLM -2.15% . Look for XLM -2.15% drop to 2100 stats and eventually slide to 1600 - 1800 stats to it's support zone before securing a hodl strategy for XLM.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
NO MORE INVERSE H & S PATTERN THEORIES PLSLets stop talking about Inverse H&S patterns please.
FIB LEVEL 0.236
1) ATH from 12/17 retraced to FIB LEVEL 0.236 on 2/6 @ 6k USD
2) High from 2/20 retraced to FIB LEVEL 0.236 on 3/18 @ 7.3k USD
3) Latest high on 3/21 retracted tp FIB LEVEL 0.236 on 3/28 @ 7.6k USD
I'm still in the bullish camp that we will reach 25k USD for BTC by the end of the year. In order to do that we have to stay above the GREEN DOTTED bullish support line from 7/16/18.
***What is BTC gonna do next?
I'm thinking BTC will pull up to test 8.7k, fail, retest it again and fail. After we slide out of the RED DOTTED bearish trendline. (If you think of it in terms of E.W. theory, we are doing a ABCDE correction.)
As for the date when we will know this bearish winter will be over. APRIL 16TH, 2018.
2 more weeks to go! Keep in mind that BTC has been in a major bull run for BTC since January 12th of 2017 year.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal