SUPER/USDT 4HOUR UPDATE BY CRYPTOSANDERWelcome to this quick SUPER/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-SUPER/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP and BUY THE GREEN ZONE
Target:- 30% to 40%
Stop loss:- 0.6298
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Superalgorithmindicator
Up Only #bitcoin towards 90k+ by Dec 24th 2021I am bullish on $BTCUSD because
* Aladdin indicator is bullish. Aladdin has high accuracy in finding the market direction
* Ichimoku is bullish
- Tenkan (red line) is above kijun (blue line)
- Price above tenkan and kijun
- Price above the cloud
- Chiku above price
- Imminent green Kumo twist incoming
Target is $91k+ found from past data of Aladdin backtesting and averaging out the gains. I expect a much higher price and $91k to be very conservative.
Bearish on #ADAUSD for potential $0.22-0.28 targetSuper Algorithm Indicator has called bearish on #cardano using a 3day timeframe.
A potential target is the $0.22-0.28 green demand zone /area marked on the chart.
The Kumo Ichimoku cloud is potentially attracting the price for an edge-to-edge. The demand zone at $0.22-0.28 may be strong as there were quite a few significant green volumes above average when the price was there previously.
As the green Chiku line is in front of large candles, I expect some considerable struggle for the price to go up in the next 5 to 6 days. It gives enough strength for the price to drop below the red tenkan line for the e2e to happen. The green demand zone will likely start to attract the price once the price goes below the Kumo cloud.
Realize it is not for scalping or day trading. It is a positional trade, and I expect to hold this short trade for weeks or months before the final target if possible. The last bullish alert from the indicator produced a massive gain, as you can see on the chart.
bullish on $ALPHA #ALPHAUSDTI am bullish on $ALPHA
* Super Algorithm Indicator is bullish. The previous bullish sign gave 410% non-leveraged.
* Current candle colour is green meaning bullish
* Ichimoku just turned strongly bullish on the current candle
>> Chiku green line is above price and has no tall candles in front of it
>> Price is above red tenkan and blue kijun
>> Bullish t&K crossover happened
* Parabolic SAR is bullish
* Good green volume above average
** Possible accumulation happening.
Target is 1.6fib at $4.7498 as shown
Price only entered the supply zone. It will likely eat the zone and then make the next big move
Short #SHITPERP for $5000I am bearish on #SHITPERP for the following reasons
I see more red volume above average. This tells me distribution.
Super Algorithm Indicator has called bearish today.
It has excellent success rate calling bearish on SHITPERP. Below are the past times it did so
There is a valid TD sequential sell with targets shown from the TD
Ichimoku is strongly bearish.
Price is below the tenkan and kijun. Bearish cross is likely. Chiku has very tall candles in front showing that it will be extra difficult to go up. The cloud is very near indicating a very possible case of e2e where price goes to the other end of the cloud.
Long on #TSLADOGE for $7k+Considering the recent huge price rise of $DOGEUSD and disappointment from 4/20 da, it is very easy to see that doge may fall in near term trying to find some bottom.
In such an instance what is better to trade than Elon's favourite tesla vs doge
At ftx one may trade doge/USD
I see a potential bottom forming as indicated by those up arrows from the super algo indicator. The target would be the top of the Kumo cloud as shown.
$90k by end of May 2021 may be coming for #bitcoin $BTCUSD #btcThe Super Algorithm Indicator shows a green bar with a bullish sign still intact on a 2day and 1day timeframe. It means bullish.
There is no downward arrow on either 1day or 2day timeframe. It means I see not much chance of a significant drawdown. Some drawdown is always possible on intraday. However, on the macro scale, I see possibilities of price going up.
Also, I notice the red squares indicating a squeeze forming. It is telling a massive price change is imminent. For example, the squeeze was last seen on 3rd-7th Feb 2021 and 5th-10th Oct 2020 before the large price upswing.
The price is constantly hitting the supply zone with the background colour red. It means the suppliers are getting weaker and weaker. It seems to be just a matter of time before the demand overtakes the supply.
The below green demand zone is substantially solid. It has already been formed, tested, and retested several times, proving its solidity.
I have two BTFD areas marked with the background colour yellow and green. Considering the price already hitting and weakening the red supply zone, I find it less likely to go to either the green or yellow zone. The green one and the yellow BTFD one is lying right around the Ichi lines. We know that ichi lines have all the necessary qualities for a price bounce. If it goes there, it possibly will be in the intraday wick. In other words, price is tending towards up only. In short, I will be bidding on the Ichi lines in a 1day or 2day timeframe chart if at all price gets there. The chance of that is low.
Conclusion:
My target is $90kis by the end of May 2021.
#BITCOIN possibly going for $70886 $BTCUSD #BTC There may be a 2x return possible on $BTCUSD
Long at current market price for target $70886
The colour of the candle is purple from the Super Algorithm Indicator, meaning it is telling me to be cautious but stay bullish. It is not telling me to go into leverage short. Also, the bullish sign has not closed.
Ichimoku is bullish on 2Day timeframe
Price is above Tenkan red line
Tenkan red line is above blue Kijun line
Kijun blue line is above green Kumo cloud that is also curving up with a bigger cloud showing up in the distance future
Chiku still has the good possibility to set free
There is almost the same amount of green volume as the red volume in the last two weeks or so . None of these volumes has crossed above the average (14 days) volume. I do not find enough conviction from bears to worry at this stage of the bull market.
My Rules
Rule #1: Never lose invested capital.
Rule #2: Market never dies
Rule#3: I do not short in a bull market. I do not long in a bear market.
Rule#4: A market is not bearish until a bearish sign appears from Super Algorithm Indicator. A market is not bullish until a bullish sign appears from Super Algorithm Indicator.
Rule #5: Constantly follow the process and strategy that has worked while learning new techniques
My personal goals are $240,000 for BTCUSD, $75 for SOL, and $7603 for ETHUSD by Dec 2021.
Cautiously long on $XRPUSD. It is 50/50 at this stage for #XRPSuper Algorithm has called Bullish on #XRP.
Do note that Super Algororithm indicator only has 50% accuracy on longs using FTX data. So it is almost a toss of a coin at this stage. However, it has picked very good long and short recently for XRP
The stop loss and target is show. The target is basically getting near recent high. If it can break that, it might go parabolic moon.
Parabolic SAR is bullish
Price over EMA 21
There were also some good recent green volumes
I would be cautious putting any crazy money into this.
This can tank any moment.
I would be prepared to losee anything invetsed into XRP.
Potential near future #BITCOIN bearish reasons Even though I had a big bull from $11305 for $BTCUSD, I am no longer a bull. Below are the reasons why:
1/ I use a 14 day MA for volume. The tall structures above the average were mostly bearish red. Even though the recent volumes were less than average, I see more red volumes than green. It tells me this might be a distribution. Ref:
2/ If the price closes like this on monthly, then this would be a very bearish candle. No need for explanation as it can easily be seen. It indicates lot of selling pressure from the top. Ref:
3/ The price never came back to retest the ATH. It tested the yearly low. However, it never retested the ATH. Hence, I expect the price to try the last ATH at least. This makes more sense, correct? Ref:
4/ This is EMA 21. Price respected it almost all the way up. Then price broke below. It retested. Now it is going down.
Ref:
5/ I have drawn all the zone below. Currently, the price is traversing a large demand zone. It is testing this zone for such a long time makes me wonder if the zone is getting weaker and weaker. If and when it breaks, I have drawn the zone below where it like will go one after another. Any of those zones can stop the downfall or break for more price drop.Ref:
6/ The daily ichi is no longer bullish. There already is a bearish t&K cross over. The Chiku line has a lot of tall structure (bars) to cross, meaning the probability of this going down is higher. Also, the ichi indicates an e2e meaning price might cross that river of kumo cloud. If so, $20k is nearby.
7/ As we notice, in this weekly chart, that the tenkan of ichi (with settings 10/30/60/30) has touched the price multiple times on the way up. Now we also see the Kijun blue line to be flat. A flat kijun line is a great attractor like a magnet. Off course there is the tenkan in between that can act as s/r. However, the likely chance that it won't help much this time and price goes for the blue kijun which is at 25k. Ref:
8/ It is the fib. As you can see, that price had bounced and tested the area between 50-61.8% fib. It was rejected recently with a wick telling me that the suppliers/bears have very boldly pushed the price. If the structure continues, I would expect 161.8% and then 261.8% if and only if 161.8% breaks. At this fundamental state of the market, 261.8% is highly unlikely. Ref:
9/ It is ATR COG. The price is considered to be overheated when it is over the red dot. It is considered to be a FOMO area when it is over the red line. The price is considered to be oversold when below the green dot. It is considered to be super oversold when below the green line. So, price tends to oscillate between the red dot and green dot. The middle blue line acts as an s/r.
Considering above, we can see that price is nicely coming below the red dot. The next place where price likely going is the blue line, then a green dot, then green line. It does not need to go all three. Ref:
10/ Price testing the support so many times is making support weaker and weaker until support likely breaks. This is bearish.
11/ This one is interesting. The parabolic sar is going down while the price is going down is bearish except it has taken a rest over the support.
Ref:
12/ The higher high-Higher low structure was intact for a long time, as seen from my zigzag red line with arrows. The higher high-higher low indicates a bullish market.
The lower high - lower low line has taken into shape as can be seen from my zigzag green line with arrows. The lower high-lower low indicates a bearish market.
Ref:
13/ The fact that Tenkan is predicted to go further down, according to the Predictimoku (a tool to predict the Ichimoku lines), is a near term bearish sign.
Ref:
14/ The Super Algorithm indicator has called bearish on 1day timeframe . The day has not closed yet. Hence, I will wait for day close before considering this point. Also, I will be waiting for 2day timframe bearish signal and the close before adding ok size short. Ref:
15/ And CME Gaps as highlighted Ref:
I wait for 1day bar close first before opening a trade.