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.
Rally
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
EW ANALYSIS: Bitcoin Cash Ready To Fly?!Hello Crypto traders!
Let's talk about Bitcoin Cash!
Bitcoin Cash was one of the first in which a rise occurred at the end of December in 2018. And now, it could be the first one that can complete a correction since we see both, BCHUSD and BCHBTC at important support area between 61,8% and 78,6% Fibonacci retracement!
But, the most important from EW perspective is that we can clearly see a three-wave a-b-c corrective structure from highs, where wave "a" is a leading diagonal, wave "b" is a triangle and motive wave "c" ended by five waves!
That said, we really like Bitcoin Cash for a potential bullish turn here, but we need confirmations, so if we see a sharp bounce or a five-wave rally away from current support area, followed by a break above previous wave "b" (BCHUSD above 167 and BCHBTC above 0.043), only then we can confirm a completed correction and we can start considering bullish scenarios!
Invalidation levels remain at December 2018 lows!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Rally done or just pullback? Maybe bear trap: too soon to short?Caution is in order, this rally has faked us out twice already, looking near pivot, then jumping higher. Bears been expecting a double bottom formation and still are waiting.
On the daily chart Sand P has an Elliott Wave bullish impulse form developing, rather than the ABC many contributors have suggested. The segment labeled (3) is quite a bit longer than the (1). In an ABC countertrend, if these were A & C segments, we'd expect them to be nearly identical in length; these are not, and (3) has both broken above the 0.50 Fibo and exceeded the previous downtrend low price of higher order (1) from October, violating EW principles for an ABC.
If this pans out, we can expect a Fifth rally wave to touch the 0.618 Fibo. Today's price turned back from the TL reaching back to 3 Sep. A lower order TL from Nov suggests a Fifth wave could get to near 2712 price. Any positive news in a market pounded with worrisome tweets will do it. The EOD pivot on 1/22 also implies a bullish undertone.
Market index has closed the gap up from Friday's enthusiastic runup. Was this an exhaustion gap? It may have just a bit left to run, perhaps within 2-3% of the rally top now.
Still too early to short IMHO.
In my other idea on Dow I suggested the TL and Fibo both coincide at price $25040, just a bit over 2% above today's close. Let's see if the bulls can get it up there.
As always, this isn't advice, just another crackpot idea, trade at your own risk; GLTA!
PS I labeled this idea "Neutral" as it is a study of price near a pivot, which may have come, or may still be yet to come soon.
H & S Pattern on Daily WTI US OIL Chart. Oil Rally Ahead ?We are already shorting the USDCAD that is driven mostly by the prices of OIL. the chart just confirms that US OIL is set make significant gains soon as the head and shoulders patterns is nearly set for completion. Should the pattern complete we can expect the USDCAD to fall as well to around 1.3000 level.
Its a great opportunity to trade OIL at the moment however let the neckline break and the daily 50 EMA too and let the price retrace slightly before going LONG on this commodity. have a look at the related link to the trade and analysis behind the OIL related USDCAD Pair.
cheers
Earnings for C, Citigroup Bank: HFT Gap ExpectedCitigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the weak “rally run” up after bouncing off of technical support levels best seen on a weekly chart. Today’s chart is a daily chart to show that the run is weak and poised for a potential gap.
Bitcoin : Bull Flag Creation - A chance to see a light.Bitcoin has been in consolidation during the holiday weeks and showed some improvement by the end of the weekend. And it showed a good uprise and is now testing its resistance and support levels. We might see bearish influence downwards upto 3850-3900 USD area and if bears can continue pentrating and broke the resistance we might see another leg down movement in the following week. But if Bulls can hold their strength and can broke the 4150 USD for sure and close above that resistance area around 4200 USD we might see a good upward move. This could also be a good thing for the alts which are not doing totally good for the last 1 month and a half. In the 4H chart both EMA50 and EMA89 are way lower than the price and RSI is at 61 showing a balanced chance for an upward move. If the bull flag creation is going to be confirmed our short to mid term targets given in our earlier call can be achieved very soon.
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
Bitcoin Reverse H&S ConfirmedEngulfing candle confirms bitcoins short term rally and time to setup distribution targets.
Short Term Distribution Targets
Target 1 : 4093 USD
Target 2 : 4370 USD
Target 3 : 4648 USD
Target 4 : 5043 USD
Stop Loss : 3340 USD
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards. TeamTWA.
You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
DAX: Swing-Setup! THE RETEST of 11.000! Nice chance to BUY!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for a breakout of the yeeloq resistance and buy the retracement!
The market is very volatile so keep your risk low!
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Type: Swingtrade
Buy-Limit: 10.875
Stop-Loss: 10.700
Target 1: 11.075
Target 2: 11.263
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
BTC monthly view and possible future scenarioIt's time for another view at the longterm picture, and for that, we must zoom out again to the monthly timeframe.
It is apparent that this structure here is a bit different from the last bearmarkets.
The subsequent bullmarket could therefore also be different.
I think that BTC cycles are getting longer.
One must think of BTC as a physical pendulum. The more mass it acquires, the more people are in it if you will, the more inertia it has, and the slower
it reacts to changes.
Therefore, I think that the next ATH might be as late as 2024 (latest possible date), but I don't see it make new ATHs before 2022, that is for me the earliest possible date
for prices well above 20k.
I still am convinced that another shakeout will occur, this would also fit the theory that BTC is currently coupled to the stock market.
Stocks will probably see a brutal sell-off sometime in 2019, and that could co-incide with the BTC low.
If it goes to the 2k area, it should bounce strongly.
So for me, everything significantly below 3k is a very strong buy and longterm hold.
Halving 2020 WILL come, and WILL drive up the price again, I am absolutely certain of that.
Look at daily transactions, they are rising again, and will make new ATHs too. Rising Tx, rising users, plus halving will drive up price. This is like a law of nature, hehe.
Since I am a physicist, I tend to see BTC as a physical system, with certain laws. And for me, these are laws, which will push BTC up again, no matter what.
DAX: The years end analysis! *WEEKLY UPDATE*Hey tradomaniacs,
wow what a crazy and sad year for all bulls.
I hope you all had some short-certs and made a lot of money.
But yes, it is as we all had to expect! The financial crisis of 2008 got shifted by financial injections
of the FED, ECB and other central banks.
The low interest-rate and QE made it worse and worse and might be time to pop the bubble.
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Technical aspects:
The year started 12.889 and the DIVA found its peek @ 13.600!
(Thank you Trump for your Tax-promises which made that possible! ;-D)
Since then the DAX has created the first double-top and turned out to be a S/H/S or Diamond-Pattern which is the first evidence of a trendchange.
It`s crazy, but after the Break through the NEckline we`ve seen another attempt called the retest or Kissback to get above 11.800 again.
That bounce and S&R-Flip was the confirmation for the market to sell-off the Diva and went down to the years-low of 10.284.
HA but look - we could fight our way back to the 61,8% retracement-level which is obviously a very common level for the bulls.
It`s been a long time since the market has been oversold like these days. When is the time for a correction?
Well - My opinion - I think it`s time to see the DIVA trying to get above 10.829 - 11.100 is possible!
The last weekly candle is a huge Doji, which indicates a lot of Buy-Pressure caused by the U.S. Market.
Overall the chart looks pretty bearish, but the price is very low and I think there might be some bulls in the tank trying to buy this one.
We will see!
I WISH YOU GUYS A HAPPY NEW YEARS EVE! Enjoy the time with friends and family!
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
SPY Ending wave v of (3) Bearish Reaction: Relief Rally (4) TBDMerry Christmas Traders!
We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin.
Chart describes constituent components of Primary Wave One, including a i-ii-iii-iv-v minor negative impulse wave terminating in an A-B-C flat correction, and the subsequent steep decline to the "Christmas Crash" on 24 Dec, consisting of (so far) a wave 1-2-3- incomplete impulse.
It seems likely that minor wave v of Intermediate (3) has terminated at Monday 24 Dec prices, given Fib extension of wave iii in price and time after four down days; however, a real possibility of a v wave Extension Path exists, shown as Alternate Path in chart. Given weak price action, panic-level selling could drive price to 226.5 before a 4th wave bounce. Intermediate Wave (5) target is 219.5, possible extension shown could drive prices as low as 211.5 or less.
NB: Minor wave iii dropped ETF 10 pips, minor v has taken 7 more. Third waves are never the shortest waves. Selling waves typically last 3-5 days. Should get a turn on either 26 or 27 Dec for a likely 0.382 Fib retracement. A higher lift is possible but unlikely, given EW alternating wave theory, we already had a strong lift in 2nd reaction wave with a 0.50 Fibo retrace (noted on chart), ergo, expect this 4th wave will be relatively weak. A more robust Retracement Bear Rally of the entire December impulse would be expected after the completion of the (5) Intermediate Wave in December's bearish impulse, target shown in blue box as a rough possible estimate of ~ 254 - 265. Following that countertrend Secondary Rally, expect a powerful and severe Secondary Bearish Reaction with another 5-wave Impulse down to price levels reaching back to 2016, or even lower, should Panic and Despair prevail.
Longer-term, I expect only more Bearishness. In 2008, NAS lost 80%, Dow lost 45% and SPX went off over half. This one will be worse. After 86 years since the Crash ended in August 1932, prices reached astronomical new highs in September 2018. There is a distinct possibility that this represents the culmination of a Grand Elliott Wave Supercycle, postulating Grand Wave V completed on 3 Sep 2018; if so, the Great Bear may finally be coming out of hibernation. Of course, this is speculative theory and remains unproved, nonetheless, it is a fascinating concept: en.wikipedia.org
As always, these posts are purely informative ideas, and do not constitute investment advice. GLTA!
Massive Alt Rally coming!!!This chart is my new bible
I have a strong feeling that we are about to see 2017 January played out again with a MASSIVE alt rally back to about 45-47% BTC dominance. This would result in about 3-5x on most coins.
Once we reach the trendline I also have a two feelings. One alts retrace after a massive rally and BTC takes charge in late Q1/Early Q2 as investors pile in and buy BTC sending it on a massive rally (think ETF, Ameritrade, Fidelity all making BTC available to buy AT SPOT PRICE) we could see alts fall back some while BTC steals the show. We will know when to trade alts again though vs. sit in BTC when we get back to the top trendline or even back at ~62% BTC dominance trendline.
This market is very easy to trade when looking at the evidence. The problem is we are emotional and impatient imo (myself included :smiley: ).
I am working very hard to take a rational approach on how to trade this market going forward from the lessons I've learned through this bear and the bull in 2017/2018 (when to hold and when to trade and WHEN TO GO USD!)
Now is the time to grab alts and hold folks.
I wish I paid someone $500/mo in early 2018 just to tell me to sell to USD and do nothing. Now I would pay someone the same to tell me to hold (obviously still trading alts, but looking at daily charts and not 60/240's)
Don't get caught up in the small swings. We must look at the big picture because I think things are about to get nuts.
/rant
If you would like to get premium signals please PM me for my trading group, Surge Trading. I provide daily calls and updates for a very very minimal fee. We just hit 6 targets for an average 25% the past 4 days.
Thanks everyone and get ready for some action in the coming months.
Why this is backwards with BTCPeople have been speculating about the Bakkt ETF , institutional involvement etc.
Now there is a panic because it may be delayed. It may never happen , because WE have to prove the value and stability of crypto before anyone will touch it.
Seriously.
It's 3 days rallys and 30 day crashes that scare people off.
Pump and dump i not a sustainable business model.
Im not a financial advisor, and have been wrong frequently.
Caveat emptor.
ADA BTC Support and Resistance levelsADABTC made a small inverted H&S pattern, with the head around 11th Dec, then broke the neckline of a larger inverted H&S on 21st Dec, worth noting that the right shoulder of the larger H&S is a bit dodgy. I beleive it may be a little early to call for a full reversal as we need to see follow-through on the higher timeframes. The fibonacci fan and trendlines should give a good indication of support and resistance on a local level.
Not intended to be financial advise, not an expert.
Biffy
Santa Claus just hit pause on [SPX] bearSanta just hit pause on the "bear" and we are likely to have yet another counter rally.
Remember that Santa can only brings so many presents and that we in my opinion are gonna resume the bear when:
Scenarios:
1: If we have a shallow retrace, we stop at zone 1 (Fib 0.3-0.5) and the hit "play" on the "bear" immediately.
2-3: If we are going above Fib:0.5 into zones 2 or 3 we are "on pause" properly until beginning of January.
The macro picture has not change.
I will update as the move progress.
Ethereum bottoming out?On the weekly time frame we can see ETH/BTC holding the support area braking out of the triangle
In the RSI and Stoch RSI looks like we are getting a bullish cross!
It will not surprise me if this is the beginning of a new rally
Many Altcoins are in the point of braking out in the next couple of weeks.
The Erc20 tokens will push Ethereum up , is a synergy in the crypto market. I expect it to get bullish very soon!
BTC Rally towards 4700?Based on positive RSI divergence and just being very oversold, I see a possible rally back to around $4700.
However for me to become bullish on BTC again, we'd need to break and sustain 6500, which is both above the daily 200MA and of course the 2018 support of 6000-6500.
I think 2019 is going to be a good year for crypto once again, especially with all the institutional infrastructure rolling out. I'd expect a takeoff towards a new bull starting around June 2019, but earlier is possible too of course.
As long as the 3000 level holds we may actually have the bear market low, so it'll be interesting to see how the next weeks progress.