BAC to New Highs (at least since the housing collpase)After 12 weeks of consolidation BAC broke out last week. Suggested increase of 13.4% or around a $4.00 move.
Two things to keep in mind are:
1. The resistance that will be met at 33.05, the highest price since 2009
2. One week didn't touch the mode, usually I don't chart a consolidation unless every candle in the consolidation touches. This was otherwise a pretty nice consolidation so I went ahead with it anyways.
Rally
Yes, Up againAn up move to come imminently. My BUY button was just pressed until 5770 USD!
Bitcoin is bullish indeed. There is 2 micro-crossing which happened not that late. I've tagged the first one on April 22nd 2019 at 15:00 (3PM GMT). That ended in a huge move really soon.
Another micro-crossing has just happened on the last hour. Those 2 micro-crossings are visible in the S4W/Mirror-Stop indicator. Just try to zoom those 2 blue box in it. To see how slim they are.
I'm getting the confirmation also from the S4W/Horizon indicator, that a bullish moment has started. It happened where I drew the pink vertical line. So it's a fresh bull move.
Right now, I think the move will go a little around 5770 USD.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
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Bitcoin still bullish: ascending triangle in 4h chartMost think of a 2015 fractal repeat, but I have turned from short-term bear to full bull since the massive MA200 break and weekly candle close above it.
I think BTC will go in this push at least to 6500 (lower limit), but as high as 7500 is indeed possible, before any major correction.
We see a nice slow ascending triangle in the 4h chart.
All indicators point also towards the upside, daily stoch RSI now on oversold again.
BTC wants this strong push imho.
Let's see :)
The crude broke the upward resistanceThe price of crude broke and confirmed the upward break of the resistance area between the low area identified by the two EMA 20 and 200 daily periods. Two EMAs have crossed upwards, at about $ 59.20, and the high zone, where finds at 61.60 $ the 23.6% of the Fibonacci retracement.
From resistance to support
Technically all these resistances have become key supports, if they were violated to the downside, would resume the downtrend that began in October last year. At this moment, however, the trend seems to be at least long in the short term. The next target for crude oil should coincide with the static resistance at 66.10 dollars per barrel. From the current price, to the resistance just mentioned, there is only a minor level that could hinder this uptrend, the secondary resistance placed at $ 63.45. In any case, for now, it seems more likely that it will continue for the 66 $ rather than retrace it back into the 59/58 $ area.
Fundamental view
On a fundamental level, the data on inventories continue to not improve, with important quantities still kept in storage because of the low demand. Production shows no sign of stopping. Despite this, the price of oil continues to rise. If it reaches 66 dollars per barrel, we will evaluate the possibility of entering short and keeping the position in the portfolio for a prolonged period.
Bull rally? not yetBased on my analysis: I'm not seeing a bullish rally yet. A correction to 4120 can still be considered. Even a possible correction to 3850 USD which I talked about in my previous idea.
If you checked my previous idea, I've told a possible big move is to occur, and it was the case! I've found a pattern I never saw in my indicator. so I suspected something big that occurred, but it was new so I didn't give my direction.
However, I think there's still a correction calling below 4130 which is still on "high-demand". And we're on a bearish move that will reach at least 4850 easily. But my feelings are more for a fall to 4730.
Right now we have a local bearish movement that can accelerate until reaching that 4730 support level. It can be seen in the S4W/Horizon indicator.
Price may bounce over that support band a bit. And if the price move down below this level, I think we will rapidly reach 4120 price. That would ruin many LONG/BUY efforts from people indeed.
So right now I'm BEARISH, and placed a SELL until 4750. Time will tell for the rest.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
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Weekly LTCUSD once again showing the wayIt all depends how we draw the lines, once again. The logarithmic resistance can be drawn such that the current top in LTC, exactly hit the resistance.
That's why those lines are not an exact science, but more like a zone.
In 2014-15 bearmarket, we also can accordingly draw the line in such a way, that LTC needed 1 1/2 years to break out.
If we would draw it similarly for the current bearmarket, then LTC could still need a while until it would break out.
Also, the log resistance would align pretty well with the top, the next two local tops, and the last local high at around 50 USD.
The market seems to be preparing for the next leg down, and LTC is already showing the way, having hit this resistance nicely.
Also, a very strong indicator for LTCUSD always was the weekly stoch RSI. It never likes to stay there for a long time. Historically, there always came huge dumps when LTC was weekly overbought.
Even in the bullmarket of 2017, there were some quite impressive dumps on the way up, which brought the weekly stoch RSI down.
So it is only a question of time. BTC also being overbought now on weekly, I assume that the drop to the low will start within the coming weeks. Because of the LTC halving in August, and the anticipation,
we should get a really strong bounce. From the low, directly to the top of the halving rally, like in 2015.
If timed correctly, this will offer an excellent opportunity to make some nice gains.
If BTC closes today above MA200, bullmarket has startedWell, I might have been wrong after all. But then again I was always stating that there is a 20% chance that BTC surprises us, and does something crazy, like this pump here.
Now, what to make of the pump?
It entirely depends where the daily will close today. If above MA200/log resistance, at around 4600, then the chances are really good that we start the next bullmarket. Earlier than I expected. In this case, I will have to revisit
my longterm projections, since this might have some implications on the timeline and the height of the next peak. Could be sooner now, as early as 2021, but then probably not much above 100k as ATH target.
However, if we have a situation like on 15th of October 2018, you remember, the 1000USD pump from, 6500 to 7500. And then only a few weeks later the massive dump from 6500 to 3100.
Well, if we close today at 4500 or below, the chances for this candle being an epic bulltrap, are greatly increased.
In this case, the bearish target at 1800-2300USD remains intact and all longterm projections as well.
Let's see what will happen today, and I will update the longterm projections afterwards if necessary.
another one shitcoin which ready to bullish rallybullish consolidation after successful breakout from falling wedge.
weekly RSI forming bullish movement
volume rising organically, without pumps&dumps or pleb-FOMO
buy: now
sell: 0.00080-0.00087
profit calc: ~135% of gain
hodling duration: ~4 months
Rare crossing : huge move?I've never seen such a pattern in the S4W Horizon indicator. It's really a very tight
crossing that is happening. I think it's an ignition point to something big to occur.
So based on my analysis, I won't be surprised to see an important bullish move.
But I think also there is a correction, unfortunately to occur at 3850 USD.
Right now the S4W Horizon indicator is still bullish, let's see if that micro-crossing
is talking for a big up move or for something else.
Right now, as I said, I don't have a clue, since it's new. but I think it's an important
moment that occurs since that crossing is showing up.
I can't tell more. Let's watch.
Don't take my words for granted, analyze, analyze, then trade at your own risks
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The two possible paths I see for LTC in the coming weeksI have to admit that LTC is more bullish than I thought. Apparently everyone is anticipating the halving rally, therefore it takes place even earlier than in 2015. Now, I see two paths, depending on the behavior of BTC in the coming weeks.
1. Green path: BTC doesnt dump soon, instead goes sideways, or even upwards retesting the logarithmic resistance.
In this case, I think LTC will reach the top before the BTC dump, then the BTC dump will lead to LTC crashing, and ending the rally.
It will then bounce together with BTC and stabilize, leading to a longer accumulation phase.
2. Red path: BTC starts dumping soon
In this case, I see the LTC rally abruptly ending, LTC will dump together with BTC. As LTCBTC ratio will drop also, I see the low of LTC then being quite low, possible double bottom, or even lower.
But when BTC rebounds, this will lead to an epic rebound in LTC, and it will go from the low, directly to the top of the LTC halving rally. The top here however would not be so high as in the
green case.
Either way, if one would be to catch the BTC dump and accordingly LTC dump, this could generate a really good trade, because the bounce would be epic either way, and an x3-5 would be possible.
Of course now you can say, but what about BTC not dumping any more at all?
I still think the likelihood for that scenario is low, but if it were to happen, then LTC would crash at some point simply due to being overbought on all timescales, in LTCUSD and in LTCBTC.
The result would be similar to the green curve, albeit maybe the accumulation area might be a bit higher pricewise.
So these are my thoughts, I am examining LTC carefully, and seeing what BTC does.
USDJPY: The rally shows strength The USDJPY currency pair on the 4-hour timeframe has been following an uptrend since 3 February. The price reached 112.136 on 5 March (The highest level of 2019). The price action in the USDJPY is mainly driven by the strength in the US Dollar. Traders eagerly waiting for the Non-Farm payroll numbers from the US and clarity on the US-China Trade deal for clear direction.
The 4-hour chart of the USDJPY confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms. The lowest value of the period under study was recorded on 3 February when the price registered the low of 109.441. Since then, Bulls are in full control of the market as the price reached the highest level of 2019 on 5 March (112.136)
By applying Oscillators analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the USDJPY currency pair. RSI (Relative Strength Index) showing values above 50 which means strength in bullish movement.
Despite of the recent pullback in USDJPY, the rally shows strength because of the strong US Dollar. First resistance level lies at 112.136, once the price break this level, bulls will be able to push the price to register fresh high of 2019.
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FOMO is coming. If you don't have ETHEREUM, you are missing outAs I previously mentioned in the previous analysis (check the related idea!), Ethereum is moving the market up.
The good thing is that there is a big chance, this is not over.
Last resistance sitting in the 160 area, but I'd bet we will break also that one soon.
After that, Ethereum could rally in a short period of time over 200$, and then sitting in the 200$ area for some time.
If you don't have some, this is the right time to buy.
If you don't like risk, buy after 160$ is broken, but it could be too late.
Bitcoin and 4kBitcoin today faced rejection at 4k , which is a strong psychological barrier. Many bought in high , close to that 4k point or we wouldnt have peaked there. It is my unprofessional opinion That if BTC does NOT breach 4k by Friday and stay there , that Sunday will be a day of a massive selloff , as is often normally the case with crypto market cycles - however this time is different as those people who bought in at 3990 and higher, lower even are going to have stop loss measures in place or simply want to minimize their losses. This especially if BTC dips below 3900 for a sustained period of time during the week.
I am not a professional financial adviser , and this is not to be construed as the predictions of one. Rather , it should be viewed as for entertainment only ;), but be careful. Unless you have the money to HODL , still have faith in that strategy , I would keep a close eye on these levels if you have an open trade with BTC, and this extends to the alts as well; we all know what BTC does to alts, however - if it is to fall to 2k or less, at some point people will seek a safer harbor , and alts may eventually, in my opinion, benefit from a BTC crash.
BTC can only drag alts with use cases down so far until they emerge from the potential carnage.
Fortis Fortuna Adiuvat - and to wit , the market seems very timid, and very scared , otherwise Bitcoin would be rocketing right now. Nobody was willing to commit at >4k.
In my humble opinion, that speaks volumes.
There are several actions that could obviate the above- Bitcoin steady in the 3900 range for more than a couple of days; the further commitment of whales who kept buying as the price rose etc..
Good luck and play it safe.
BOUNCE TO 4900 BTC/USD ?We just bounced of the 200 weekly MA. Therefore we will likely see a bounce to the upside. Question is how high we will go?
I have 4900 BTC/USD in sight over the next couple of weeks. There will most likely be a retest of the 200 weekly MA once we have had the counter rally, so don't chase it if you entry isn't good.
MTL : Ready for the MID term Profit OpportunitiesAs stated below MTL achieved all our short term targets and now is ready to rally for the mid term profit upto 100% profits. We will update the status soon. Stay tuned.
#SignalAchievement #TargetsReached
#Pair : #MTL / #BTC
All our MTL short term targets are achieved within 6 days.
A total of 20% profits for short term traders.
Reached : 7120 sats
Total Profits : 20%
Total Duration for Achievement : 6 Days
With Regards.
Team TWA.
Target 1 : 6320 sats
Target 2 : 6550 sats
Target 3 : 6740 sats
Target 4 : 6920 sats
Target 5 : 7190 sats