BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.4The most important thing is not to panic.
Right not we are in line with 200 EMA and that's fine.
We've been here many times recently (yellow lines).
We got our stop loss so we are safe.
4h Heikin Ashi candles show are still in the bullish so now it's time to be patient
This is just an idea, not advice.
Make your own research before you place any orders.
Short-term
BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.5We actually might have much bigger left shoulder than I expected!
The most important thing is not to panic.
Rinse and repeat!
Taking a loss on v2.4 but the price actually stopped, which opened another LONG opportunity.
50 MA and 200 MA actually split, thanks to that drop so we might be able to breakthrough.
This is just an idea, not advice.
Make your own research before you place any orders.
BitcoinBitcoin reversed from 9200$ yesterday and completed wave C with bullish divergence on RSI.
Noticed this reversal signals in previous Bitcoin update here:
Now we can wait for continuation of trend here as it broke downtrend channel after bullish divergence between 9890$ and 9081$ levels. RSI reversed on 24 and now heading up to overbought region.
Kama Trading System v1.2 updateThe short trade of the previous update has been closed at even without losses, another short trade closed right now at profit.
The exit logic is simple, in case of a short trade the exit point is the perforation of the first support area, in a long trade at the breakout
of the first resistance zone. Same for the entry, when price crosses above the support level there is a buy, instead with a cross below the resistance zone there is a short sell.
In a couple of weeks, if it'll continue to perform well, i'll publish it.
BITCOIIN FREE-FALLIG TRENDI'm still short on Bitcoin until we reach 6500 level. Plan to short more when we reach 10000 and 10500 levels. I chatted 2 downwards trends for some reason. Please not this is not a trading advice its just my traded idea. If you don't have open shorts just wait till 10500 level or you will be slaughtered.
Still inside short term price bandsBitcoin tried again to move under the support area but failed, however if there is an increase in volatility, let's say an increase of 100%, the support level at $9700 would become $8600.
You can try by yourself increasing the BB DEV parameter of Kama v1.22 indicator from 20 to 40.
The Kama average used in the chart has as parameters:
BB DEV 20
BB PERIODS 500
LENGTH 20
WTC/BTC 4 hour chart bullish looking to retest 26k sats the charts looks bullish for a potential retest of 26k sats short term
BTC, in Wave-4, Bullish in the Short Term.Hi guys,
Pretty sure I was wrong about the larger diametric. I think this makes more sense overall, we are probably in an X-Wave, and this is potentially Wave-4 of the first leg of the X-wave. Should head near the high of the run again, then head downwards for a while for Wave-C of Wave-4 (see chart). I will include a larger picture of what I think potentially may be happening for BTC, but I doubt this is the bullrun still, and still guessing at 2022 for the final end of the correction.
This is forecasting pretty far into the future, and there are a lot of potential pitfalls and conditions here, so I'll have to adjust as the chart plays out. But as for now, I think this is one reasonable interpretation of what's going on.
Good reaction from my support area 9500-10000 usdIn this update I have added the efficiency ratio of the Kama average, i.e. the calculation of the signal intensity and underlying volatility and their ratio. Personally I use the threshold of 0.3 to identify if the market is flat (below 0.30 of SG) or in a trend (above 0.30 of ER - Efficiency Ratio). I'll publish ASAP the updated version of Kama with the ER ratio (v1.22)
Holiday Shortened Week Will See Fireworks in S&P 500This brief projection is based on a full study of the current Intermediate Wave 1 I am tracking for the S&P 500 index. We will see upward movement to begin the week with a top in the afternoon on July 2, 2019. We will likely drop 5-10 points into the close on this day.
The light blue numbers with parentheses around them represent each wave's end point for the Minuette waves. These projections are likely to be the most accurate on this projection chart.
The orange roman numeral 4 with a circle around it represents the projected end point for Minute wave 4. This is relatively in place, but likely to change based on the actual movement experienced through Minute wave 3 (orange roman numeral with circle around it).
The ultimate top for Intermediate wave 1 is currently projected to occur in the afternoon on July 8, 2019 with a peak around 3048-3064. This would mean a new all time high is set to occur (likely multiple times between now and then). In trying to apply real world events to a reason for a top and then a decline would likely revolve around the Fed. They will most likely NOT cut interest rates as many expect. They may however leave the door open for cuts as necessary in the future. This could see the index pullback over a total of 8 trading days with a bottom around 2875.04.
I am forecasting Intermediate wave 3 to be incredibly strong and last for up to 2 months or around the time of the 2020 US government fiscal year begins. It would be earnings season which could be the reason for a rising market (even if it is not fundamentally warranted). The end of the 2019/beginning of 2020 fiscal year could likely lead to a partisan fight in DC over what the budget should look like especially in a pre-election year.
This is as far out as I plan to forecast for now, and will adjust as necessary. I am bullish on the market until the second quarter next year. I foresee a major recession beginning next year well before the 2020 election.