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Pricetheory

XAUUSD Long Term ProjectionsThe wave we traced is defined as A=680 B=1920 C=1044 Therefore, our targets if Au makes a new all time high are: N=2284 V=2796 E=3160 with a projected resistance at: NT=1408 You can see we are well above the projected resistance, now gold only needs to continue its climb and make a new all time high in order for these targets to be in play. I will make a subsequent post taking a closer look at what has been developing more recently. For now, this is the overarching picture. Time theory markings have been added and I may make a post focusing more on that as well.
OANDA:XAUUSDLong
by Thegreatomski
How high can Bitcoin go? Watch transaction feesA major obstacle to widespread adoption of Bitcoin is the processing power bottleneck. Bitcoin transactions are enormously complex and require a tremendous amount of computing power. As a result, the Bitcoin network has a lot less capacity than competing electronic payment technologies. The Bitcoin network can currently process about 7 transactions per second, compared to 1,700 per second for Visa or Ripple. This technology bottleneck makes it difficult to scale Bitcoin in a way that would make it competitive with traditional electronic payment processing. The result is that whenever capacity scaling has fallen behind adoption rates, Bitcoin users have had to deal with either long delays to complete a transaction or high fees in order to get faster service. Adoption rates and transaction throughput then fall off, and the miners have a chance to get ahead of demand in terms of building capacity. When capacity gets well ahead of transaction volume, investor interest rises, and that's when Bitcoin goes on bull runs. The cycle has seemed nicely predictable so far. In 2017, just before Bitcoin went on a big bull run, the miners got the average transaction fee below 1% of total transaction volume. That's very competitive, considering Visa's average transaction fee is over 2%. Traders responded to the low fees by investing in Bitcoin. Unfortunately, the low transaction fees were partly the result of low volume on the Bitcoin network. When investor interest rose, the network eventually hit a transaction volume bottleneck at which fees began to rise. In the first half of 2018, Bitcoin's price steadily fell as average transaction fee steadily rose toward the prohibitive price of 3%. The Bitcoin bull run in 2019 followed the same pattern. Fees fell to 2% of volume, enabling a modest gain in Bitcoin's price as investors returned to the asset. The run peaked just as the network again hit its bottleneck and fees began to rise back toward 3%. The current price run illustrates how much progress has been made on network capacity and transaction cost. Although Bitcoin prices have surged to record levels, fees have remained low as a percentage of total volume, in the neighborhood of 1%. I suspect, however, that the problem has not been completely solved. At some level of transaction volume, we will once again hit a processing power bottleneck. At that point, transaction fees should again start to rise and Bitcoin's price should again peak. The beauty of this pattern is that it's so logical. There are basic principles of economic theory driving this thing. Bitcoin transaction fees are set by supply and demand. When you exhaust the supply of miner processing power, fees rise. And demand for Bitcoin is partly a function of the price of usage, so as transaction fees rise, they suppress investor demand and Bitcoin's price.
BLong
by ChristopherCarrollSmith
18
BTC Reversal With the anaemic volume leading to the open of CME futures, the charts looked read to roll over once trading started. Following the open of CME futures we saw BTC go through a period of correction (1 to 1.382 time frame). I think between the 1.382 and 1.618 we will be seeing a period of consolidation after a move upwards. The Tenkan and Kijun span shows a big disequilibrium, and is often a sign that a pullback is overdue. A flat Kijun acts as a strong price magnet, the RSI and MACD is also currently ranging in zones we have not seen it in since the fall from 8k to 5.5k. We have also seen strong rejection of the 38.2% price levels of this wave up (A: 8820. B:17171. C:12730). A cross of the MACD in this range, which once again, has happened in the 5.5k correction, brought us this massive rally nearly touching 20k. Once a cross occurs, it is highly likely that there will be enough momentum to bring us a TK cross, ideally above the cloud. Will be assessing the situation based on the timeframes indicated in the chart. Idea will be invalid with a convincing break under the cloud and rejection of 38.2% support. Should we see the bullish price action we desire, the fibonacci targets are shown. If you want to apply Ichimoku price theory, these are the levels to watch out for: NT 16640.0 (confirmation level) N 21081.0 V 21612.0 (high probability targets) E 25522.0 (low probability targets)
BITFINEX:BTCUSDLong
by ehzera
LTCUSD Bullish ProjectionsTrade setup is as usual. Check the targets on the chart. Above. We have experienced an impulse. It has driven LTC above 1hr kumo supports. The t-k lines are breaking bull and both heading upwards. Chikou span struggling with the kumo barrier it is in. Above. The impulse has pushed the price up and out of the kumo and well above the t-k lines, which are currently overlapping and attempting to cross bull. They are tilting upwards, however, which is a promising sign. The future looks bright with a thick kumo's spans turning upwards slightly. Above. A beautiful bounce on the base line, up and above the tenkan-sen, and up we go. With a very enticing future by the looks of the kumo supports being drawn.
KRAKEN:LTCUSDLong
by Thegreatomski
ETH/USD: bearish projectionsIchimoku number theory suggests that something significant may be about to occur at this moment in time. We should be on the look out for impulsive price movement. This is suggested by the candle/bar counts present on my chart. Keeping this in mind, we can see from our cloud visuals that we attempted to beak up out of the kumo and may have failed. This occurred at a projected point explained in the idea I have linked to this one. Bearish price theory says the following. Assuming B is breached: V=285-(300-285)=270 N=300-(311-285)=274 E=285-(311-285)=259 Possible disruption/rejection: NT=300-(311-300)=289 Conclusion: watch for behavior. High probability move would be going short if the price breaches B with momentum and closing the short at the more likely price targets. Alternatively you could play it riskier and short now for a chance at catching the tip of the trendchange.
KRAKEN:ETHUSD
by Thegreatomski
5