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Early Q3 Launch for BTCAs the title describes I believe this to be a very likely move as we tend to drag out most of the bigger triangles all the way to the apex or near it if we're lucky. MACD sloping down, both the RSI and MFI looking topped out. Plenty of confluence as we also tapped horizontal resistance. Knowing BTC we could go back up and test the highs but I do believe the move is done for now and perhaps its time to look at the alts for more upside whilst looking for a net short or a hedge play.
BITMEX:BTCUSD.P
by Zkrilla
USOIL 8 weeks cycle phenomenon. This is an interesting analysis to point out last year's relative predictability that each cycle is about 8 weeks and a bullish cycle lasts around 16 weeks The last 52 Weeks was an (almost too perfect) sideways movement between the upper(64.00) and lower(51.00) bands. Three time the top hit 64.00 and trend changed direction. Likewise, Three times the 51 was hit and changed direction. The cycles are almost exactly 8 week cycles (green halve-circles). Every time the bottom was hit, the next bottom was hit in 8 weeks. Almost like a loop. Every time the next 8-week cycle is NOT hit, there is another upwards movement from that to rally to the 64.00 mark. This clearly was the trading range for 2019. There were 3 downward candles before this selloff and it fits the pattern of previous selloffs (possibly signaling the end of this cycle) This happened for the full hear in 2019. Also, we know that USA is claiming to be supply in their oil needs completely for the first time. This can make them immune to global Oil price manipulation and a more predictable oil supply. (and price) The attached graph predicts an upwards movement, but since the lowest point on the last cycle did NOT hit the bottom, one of 3 possibilities my play out. 1. The price can go to 51.00 Resistance changing into a bullish trend afterwards like the previous 3 times. Call orders must be created for this price with Target 1 - 60.00 Target 2 – 65.49 and worst case scenario a sell order below 48.00 with target 42.30 2. The fact that the last week closed off and did NOT hit 51 may indicate upwards movement from there either as a retraced movement to about 54.60(1-week cycle), but almost guaranteed will find follow through over 8 weeks to hit resistance around 64.00’ish and repeat or go all the way to 66.28. P.S My Trades setup is as follows for the next 16 weeks: - I’m opening 2 buy options both 15% of my budget at 54.24 with target 1 64.25 and target 2 74.22 - I’m opening 3 x 20 % size trades with entry 51.00 exit 1 = 56.93 2=64.25 and 3 = 74.22 I'm calling a higher low current bearish levels(54.00), but it wont hit 51.00 before going up. It's not looking like it's going under 51.00 again this year. Let me know what you think in the comments, please.
TVC:USOILLong
by Coinswop
1
Bitcoin gaining power to push downAfter the shorts (Futures+Options) have been stopped out, its time to continue the down move as the way is neat, paved, and clear. BTCUSD on Bitstamp was used as it contain most history. A logarithmic scale is used to make trend lines work correctly a 3 Days candle was use to construct the chart the big move yesterday was just made to hit levered shorts and to test the broken up trend from below.. I think the destination is between $5000 and 2000, most likely $3000... +- 20% on both edges...
BITSTAMP:BTCUSDShort
by anas_algo
THE NEXT LEG IN THE CYCLE My work based on fib and spirals still point to a final panic low into oct 10 to 20 FOCUS DATE 10/11 TO 13TH OF OCT BEFORE THE BULL PHASE CYCLES START UP . Few stocks ave been moving up the 4 year cycle low aka 98 and 1962 model was DEC 2018 into my target 2334 low 2346 to reach the upper level of 3041 to 3081 focus 3052 the Presidential cycle is due to bottom into mid to OCT as well as the time spiral . I have moved in and out of net long and I now wait for the last push down .The SP could see anywhere from 2822 to 2766
AMEX:IWMLong
by wavetimer
2
Is there any hope for the BTC Bulls?After a significant 22% bullish move up from 9k to 11.1k on high volume, bears were swift to reject price action to the downside at the 11k daily resistance. There are a few confluent bearish factors in play in the 11.1 region: 1) The 0.382 fib retracement from 13.9k to 9k 2) Daily resistances at 10.8k to 11k 3) Historical price action from late June into early July These factors will continue to serve as a strong resistance for the bitcoin bulls until proven otherwise. With that being said, our directional bias is bearish based on the current market structure of a lower low set at 9k and a tentative lower high being set at 11.1k. In addition to price action, we can examine our indicators: 1) RSI: RSI is stalling out on the daily and is failing to break through resistance around 50 2) MACD: The MACD histogram is ticking up, but is without much momentum and looks like it wants to roll over to the downside 3) EMAs: There are multiple high time frame EMAs acting as resistance around 11k with the most notable being the looming death cross (55EMA crossing under the 200EMA) on the 4HR time frame! Game plan: Bullish: A 4HR uptrend is still intact. If bulls can break past the the resistances at 11k, look to long on the retest Bearish: Given the intraday price action, a break and close below 10.2 would provide a good short opportunity when that level flips from a support to a resistance
BITSTAMP:BTCUSDShort
by NextLevelCrypto
2