Oceanusdt what next??Ocean forming a bearish flag pattern if the pattern breaks down we may see Little bit downfall in ocean. .
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.DYOR!!
Patten
VIX Daily Coming to inflectionAs we know the VIX is a volatility measure generated by options data. However its a great inverse indicator to equities in genmeral. As we know, the VIX goes up (more volitility) the SPX generally goes dow. Vice Versa Also. Im publishing this as the VIX has been in a descending wedge pattern for a long time. I estimate a week at most before the pattern its in pop (Bullish for VIX, Bearish for SPX). SO here it is and lets see if Im right!
When The Direction Is Unclear, Change Your Perspective (BTC)
The initial descending wedge I noticed in my previous BTC idea
turned out to be part of a much larger wedge on the daily chart, which is quite hard to notice, unless you flip the chart upside down.. If your bias does not change, then you're looking at it wrong.. BTC is 'bearish' to those who haven't changed their perspective while looking at the chart.. And by doing so, a hidden trend is revealed... If this pattern played out in a normal situation, you'd expect the exact same thing to happen as indicated by the chart, however, notice the scale, it's inverted :)
Now... When you flip the chart back to normal, it reveals a pattern that really should be 'obvious' but it's quite difficult to remove the 'bearish bias' that most have, which is preventing them from seeing the large wedge on the daily chart...
Now that everyone is fearful, Smart money is acting greedy with regard to BTC...
BTC is deceiving us all.. It is silently mooning... Big money needed time to join the market...And their time is running out...
Get ready for the 'dump' (Actually means pump given the inverted chart)...
I've included an initial expected target upon breaking this major wedge & will re-assess once we've reached it. Stop-loss also added in event pattern is invalidated.
Previous BTC ideas below:
Good luck everyone, & good trades be with you.
*Ticker symbols below, ignore these*
INDEX:BTCUSD INDEX:SATSUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD BITTREX:BTCUSD BNC:BLX NASDAQ:BLX BINANCE:BTCUSDT KUCOIN:BTCUSDT BINANCEUS:BTCUSDT COINBASE:BTCUSDT BITSTAMP:BTCUSDT POLONIEX:BTCUSDT
BTC Is Battling in El Salvador Bitcoin is battling in El Salvador, the primary country to make the resource lawful delicate, as indicated by another report.
A study led by the Public Department of Monetary Exploration presumes that, notwithstanding El Salvador's Bitcoin Regulation, very few individuals in the nation are utilizing the cryptographic money.
The law, which inquires as to whether they have the mechanical means to do such, has been reprimanded by establishments like the World Bank and the IMF.
Scientists Fernando E. Alvarez, David Argente, and Diana Van Patten say they addressed 1,800 families in El Salvador up close and personal about their Bitcoin propensities. Their report, named "Are Cryptographic forms of money Monetary standards? Bitcoin as Lawful Delicate in El Salvador," asserts that "utilization of Bitcoin for ordinary exchanges is low and is concentrated among the banked, instructed, youthful, and male populace.
It adds that 25% of respondents in the minuscule Focal American nation were utilizing the state-supported wallet, Chivo, in the wake of downloading it. Furthermore, among the individuals who in all actuality do utilize it, as per the report, just 20% were spending less money, and 15% utilized less charge or Mastercards.
The report additionally takes note that it did "not observe proof of Chivo wallet being utilized to cover for charges or to send settlements" — one of the fundamental reasons the law was passed in any case, as per the Salvadoran government.
Salvadorans were urged to download Chivo last year and were given 1 Bitcoin each. The report expresses that of those overviewed, most spent the Bitcoin and quit utilizing the wallet.
BTCUSD I am only selling from the topHello everyone:
I am also looking at some cryptocurrency as well.
BTCUSD looks like a good sell if the price manages to have another move up towards the top of the channel structure, and higher time frame double tops.
I will then be looking for sell setups from the top. Targeting the lows of the structure, and monitor to see if price breaks lower and continuation correction will form to go lower.
For now, I am not interested in the short buy, but will be active for short sell opportunities when price does reach the top.
Alternatively, if price dropped down from this current structure, then I will not be interested in the sell, since the Risk Reward to me isn't enough for me to justify a trade.
Thank you
USD/CHF has formed patten. Can you tell what type of patten we have here? If you answer bear flag then you're right. So keep an eye on it. I"ve set SL and targets just for demonstrate short, ( I've Not taken yet ). understand this is not a signal, I want you guys to watch and learn, So in future you don't need anyone to give you signals. :)
happy trading to all of you, Keep rocking!!!
PMJ.