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.
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Rally
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.
Dont shortFor years now , the press has been playing both sides of a war they created in what should simply be an endeavour towards financial freedom.
Remember who controls the press, and the interest behind it.
Just 4 days ago Bitcoin was "dead," to quote a teenager who was actually quoted and put into print by the likes of C.C.N.
Don't panic.
The market isn't dead.
It will fall at times , but if you are in , you have seen close enough to the bottom where you do not need to sell now.
2019 looks to be a fantastic year.
Remember the difference between long term and short term capital gains.
As for institutional investment, aren't we trying to do better on our own anyway?? Of COURSE TODAY stories were released by Nulltx and others saying banks are shying away from Bitcoin. Let them.
It wont be long before they need another bail out.
Two things are nearly certain , America's wars have plunged this Country into a debt that may not be payable. Money will be printed , again. And once again we will see the downside of financial 'fractional reserve policy."
The one honest thing reported today is that they are scared!! "Blockchain threatens global financial security!!"
Who's security??
The mega wealthy?? The people who are counting on digital to fail??
Fortune favors the brave - Fortis Fortuna Adiuvat
And do your research - Caveat emptor.
I am not a financial advisor. That said, do you want to be the guy who sold at 100 instead of 1000? 10,000?
Didn't think so. It may be early to call a rally but the signs are there. It is up to us to follow them.
As for J.P. Morgan , we are better off WITHOUT THEM.
Absolute power corrupts absolutely.
If you wake up and see red , nothing should tell you more than this last month that it will bounce back.
Don't buy in to "the need for centralized, bank controlled ," digital fractional reserve b.s. that isn't even backed by paper.
Sometimes, the simplest of ideas are the most effectiveWelcome everyone!
Let´s get right to it: after a very massive support break at 6k, Bitcoin went in for a cliff dive that caused a lot of carnage. However, it finally seems that the long expected correction to the upside is ahead of us.
1.) We touched the 200 weekly MA: it is one of, if not THE most important MA´s in all of technical analysis. Also called "the trampoline", a further, substantial drop from this level is very unlikely without some sort of a relief rally
2.) Stoch RSI and RSI: in regards to Stoch RSI, if you take a look at the past year, Bitcoin has started a massive rally everytime the weekly stoch started trending upwards and it has already started trending upwards at the time of writing this. Weekly RSI is coming from oversold (which has happened only once in all of Bitcoin´s history) with a sharp turn to the upside.
3.) Daily RSI: massive bullish divergence, I think no further description is needed.
Go very long. Targets:
1.)4400
2.)5500
3.)Final target: 200 DAILY MA along with 6k support level
Time: short to mid - term
Does this mean we are out of the bear market?
Well, unfortunately no.
If you look at the weekly RSI, we are still only at the first leg of the bear market compared to 2014 (marked with green arrows) and since we have, so far, replicated almost every single move of the 2014 bear market, I dont see a reason why that would change in the future.
It is very likely we will get rejected by the 200 daily MA and (if we come to that) the 6k support level that held as support for the entire year (big support becomes big resistance). Once that happens, be prepared for the final leg of this bear market, a brutal sell off that could take us to 1.3k and even lower. We still haven´t seen true capitulation yet and until I see a big red candle with a 40% drop in a day or two and with the volume to back it up, I remain bearish.
Remember, trading is a marathon, if you came this far there is no point in quiting 5 km before the finish line, no matter how much it hurts.
Rejoice , cautiously.What a great day.
Today shows more than ever that the crypto media has been manipulative and has made predictions based upon nothing.
When the market is up , they tear it down; conversely when it is down , they encourage people to buy based upon arbitrary speculation.
Just days ago the words "death Spiral" were being used. While I do not know why , aside from negative divergence in things like the Klinger oscillator , the market is doing so well on a monday of all days , I rejoice in the feeling that the feelings of doom and gloom are , for today at least , greatly diminished.
I am no financial advisor , but I do encourage believers to do their part. Don't short sell. I short sold 2 lite-coin this a.m. at 28.30 u.s.d. and look where it is now.
It's reasonable to be cautious , prudent even , but I encourage those who believe to use stop orders rather than short. I wish I had with the litecoin, but I will simply buy it again , in greater quantity.
Even BCH is climbing the charts.
With Banks still adhering to the fractional reserve speaking of the need for centralized digital currency - the stuff of fraud , and currency that doesn't even need to be printed in excess - simply typed in excess, it is time for the crypto community to show them that we will not adopt that sort of currency. It is YOUR money , MY money , and I can't speak for you , but I don't want their b.s. interest rates paid to me while they lend MY money to others at a high interest rate. That is what the mafia is for.
Every effort is being made to scare you. Be strong. The government is for it's people , by it's people. It was once and will once again.
This has been one day , but a week long lookback at litecoin will show that a correction was coming , and that the most money (at the time) was to be made 1 dollar at a time with large quantities of the currency , and in days past was the only major coin in the green.
Don't let the government scare you. Don't let vague tax guidelines scare you - you can only be expected to do your best provided with the vague information given. There are sites out there that make reporting easy.
Let's keep this going.
Fortis fortuna adiuvat.
Caveat Emptor.
30+ pips downI see a fall of about 30 pips and more, for the current move.
We are seeing a perfect crossing (really tight), it's like a short circuit.
I'll do more Forex & stock analysis in the future. If you are interested just let me know, and which ones.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
BTC/USD wait for REVERSAL pattern near critical support zonesWe can see clear Falling wedge pattern and strong divergence on all indicators like MACD, RSI, Momentum etc..
Wait for a reversal pattern at support zones:
1. ±6000$ zone
2. ± 4500$ zone
3. ±3000$ zone
You will see a start rally with volume increasing ONLY after a reversal pattern completion at these zones.
The first Target of the rally is ±11500
Good luck!
Global Dow: GDOW Near Term Consolidation before further 2% RallyGlobal Dow GDOW
Same thing here.
Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930.
It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart.
Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart looking for 3000-3003 range on GDOW and a further 2% rally to 2814-5 on the SPX.
Don't short sell your coins and stop a rally and be taxed moreToday has been a kinder day amongst the overall bear market ; however short term gains are all too often short term gains. Why? Short selling ; an indication of a lack of belief in the longterm performance of your investment. Short selling also changes the way you are taxed in the U.S. in a decidedly negative fashion. The tax authorities have made their intentions clear (while keeping their instructions vague - and they like to be retroactive. Especially here , in the crypto space. Smell fear?) to collect - noting that only several hundred people have filed in the past years pertaining to crypto.
Cointracker.info and other such sites allow for the importation of .csv and also read only API's (which tend to convey more complete information, and be more accurate with crypto paired transactions.) for the more trusting among you.
F.O.G.O. is just as dangerous as f.o.m.o..
Not a financial advisor.
Caveat emptor