Bitcoins adventure above 19k is over for this time. For anyone who wanted to see this was pure distribution on both occasions price stayed on this level. SCMR is already indicating the trend in red on medium TF and expecting and accelerated move to the downside after this bearish retest of weekly OB. Btc will need to go lower to draw liquidity and re-accumulate...
Boom, Btc is back in the 11k range again. Should test 12k level next. Note that that Eth is lagging this time after taking the lead on most of these run ups. This move is completely Btc driven as far as crypto is concerned.
Looks like Btc is warming up for face ripping ride here. Long your longs ladies & gents. Entered swing long (a bit late) at 11.2xxx after the bounce from range bottom was confirmed. BB Bot signal on H12 is very significant and was a prelude to the run up from 9.1k I believe we will break up from this range and finally take out 12k at the end of this move.
The previous long has come to an end here I believe, SCMR indicating local top and heavy absorption of buy side. Shorted 11.522 on perps (using Binance chart here since it's cleaner)
This is more or less a no-brainer after yesterday drop to 11.100 and massive liquidations (someone filled on those market sells and wants to take profit) plus the fact that short kept piling in. Strong long indication (double arrow) by BB Bot from the band deviation is a signal I'm super confident in, SCMR is supporting this by painting reversal to the upside....
As expected in the last post Btc we saw continued sell off and Btc broke down from H1 range. Looking at H4 we now a have a bearish retest of the small base above (horiz line) with continued downside expectation from both Better SCMR and BB Bot. Also notice the squeeze of the Bollinger Bands preceeding this move. There is no reason to fully close this short at the...
Bitcoin pumped early this morning but was stopped in its tracks again at that $6750 area. If we want any continuation higher we need a close above this congestion zone. Check chart for annotations! Thanks guys
BTC possibilities if BITSTAMP:BTCUSD 3D pivot closes in the wedge we might go up some more
The support at this level has been impressive, forcing price to trade in a tightening range for more than a week. What's more impressive is the R/R on a long position from this level (however unlikely). I make no apologies for not being a fan of Ripple and wouldn't mind if it just died, but if we get a break out to the upside it should prove to be a dramatic and...
In the last week, price bounced in-between two SCMR dynamic levels seeking a direction: first off support, then back down from resistance to test and break previous support. This has set us up for possible completion of a bullish Gartley advanced pattern at or near the 'D' point price of 0.00153730 BTC. I could certainly see a panic stab down to the next SCMR...
The chart is the long view on Ethereum, and boy-oh-boy it is hanging on by a thread. Price is trying to make a triple bottom historically and a double bottom of this bear market in the 0.0023-0.0021 range. Every time it tries to breakout it gets rejected at the downtrend resistance. Best guess says that the only people that could be selling this much coin would be...
There is a lot going on in the chart above. The larger pattern (light green) is a symmetrical triangle which will break in the direction of the over-all trend, about 75% of the time. Confirmation will be a daily candle closing either above or below the pattern. Inside the triangle we've got two measured moves AB=CD (green arrows and red arrows) as well as an...
This chart is Heiken Ashi with SCMR Trends. Long/Buy entry is at a break above the potential bullish reversal candle (blue) with stops below previous candle low. Once the trade is underway, if price action prints a neutral (gray), stops should be moved up to the low of that candle to reduce risk. I might also consider moving stops up to structure around 240 if we...
Edit : If you kept your stop at $251.52 ... then the stab down to $252.50 just stopped you out. Perhaps my T/P level was too ambitious but in all I'm happy with how this trade went. After speaking to SPYderCrusher about this trade he explained, when trading SCMR Trends in this way, it is advised to pay special attention to follow up trend color changes (see...
: see below for further analysis. This trade failed largely due to my target being drawn from the wrong place, causing my t/p to be lower than it should have been. Charts have been posted below to illustrate. The symmetrical triangle broke out to the down side with a completion that looks to be around $205. I've been expecting this level for a while and it...
I've been watching the weekly candles slowly creep towards our original trendline with a certain amount of skepticism, since the $500 level. The blue trend reversal (indicator from SCMR) was supposed to have signaled our rally into the new bull markt. However, that rally was confirmed failed by November 23th and it was in no uncertain terms, the writing on the...
This chart shows USOIL, West Texas Intermediate Crude Oil futures, on a monthly timeframe. Plotted on the chart are our SCMR Dynamic Levels™, which dynamically plot support / resistance zones and are accurate at finding targets. This indicator is available in the TradingView App store under Analysis Suite - SCMR Trends. The BIG QUESTION: Is crude bottoming...
This chart shows GLD, the major ETF proxy for Gold prices, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which accurately identify price trends and behaviors , and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Today is significant because after a lengthy decline in...