Example of a powerful buy and sell warning using TD9 sequential.Look at the sell warnings (red highlighted green candles) and the buy warnings (yellow highlighted red candles) on this weekly chart. When you see these warnings, it is usually safe to buy or sell on the breakdown of the candle body. The best entry is to wait for price to eclipse the wick of the candle with the signal on the successive candle. On higher timeframes such as the weekly, these warnings can be extremely powerful signals. For instance, the buy signal the week before TRX bottomed at ~300 satoshi. There was also a nice sell signal at an SR flip (top candle.) And you will notice the following candles to these signals produce both the top, and bottom os the current cycle. You can use these signals on lower timeframes, but typically they have a much lower strikerate.
Personally when in a trend, I start at the lower timeframes and look for buy / sell warnings that progress to the higher timeframes. For instance, if I see a warning on the 15m chart, i will wait to see if it comes up on the 30m, 45m, hourly, etc. The higher he signal progresses into the higher timeframes, the more powerful the signal can be.
You can also use the counts as guides, ie counts move in sets of 5, 7, 9, and 13. Sometimes such as in the 2017 bitcoin bull market you can get a count going up to 15 or even to 21 before there is a strong reversal. these are spotted by a count to 9 followed by no count for successive candles. sometimes a 1 count will appear or a 1,2,3 but usually you can tell if the trend has reversed or not, and can take the signal accordingly.
There is more but im bored of typing for now. Google is also your friend. search terms are "td sequential" or "td countdown" for the count setup information, "td setup" for the SR lines and the warning signals.
Tdindicator
Short Play on 9 in 9 for CSLNYSE:CSL came across our 9 in 9 scanners past 2 days (Daily 9 inside Weekly 9) and seems like interesting short opportunity.
Spitballing here...but for advanced TDreasons that I don't wish to dig into here price should target the pink line on the weekly chart shown (low of candle 6 aka Swing Low). Priced bounced from there directly into a perfected Sell Setup 9 on daily.
So our Weekly is is bearish (not the type of Buy Setup 9 that you're looking to buy) and should target pink line, our Monthly is bearish (bullish count broke 1.5 months ago), and our Daily 9 just provided us a perfected sell set up into some resistance.
Short recommended with pink line as first target (will target more if daily count is fresh...will for sure close if a buy set Up 9 comes before the 6 low aka Swing Low).
Daily Chart with same pink target:
DASH testing critical long-term levelBITTREX:DASHBTC testing a critical level on the weekly chart this week.
As you can see from the arrows, this level (black line) was tested multiple times before DASH had its massive breakout in 2017.
Zooming in on the 12H time frame below...you can see how the 12H came down to this line on a Perfected Buy Set Up and then flipped before completing the Set Up (Bullish).
Now trending back towards this level. Should it hold, will consider substantial long position.
Wyckoff Hopium for BitcoinHey guys, I've seen a similar Wyckoff sketch for BITFINEX:BTCUSD on twitter recently and I thought I'd draw it out for myself(while adding what I suspect to be yet another Bull-Trap to end it) and try and get some feedback from people who are more familiar with this pattern than myself.
I've been buying in the low 6000s all week so I certainly want to know if there are holes in this theory since it's one of just a few reasons I find myself a buyer this week (maybe I'll go into the other reasons later or on another Post).
The Biggest question for me is has the "spring" happened yet? I lean towards it already having happened (was a very quick panic dump once the "triple bottom" (higher highs) was violated in the $6,400 region.
if YES....Then Bitcoin should continue a slow bounce to 7k-7300 region and then be thrown back towards the 6500-6600$ region which will support another rally passed 7500$.
If NO.....Bitcoin will continue this weak rally and be thrown back by $6,900 towards 6K. HERE is where a logical spring to really match the Wyckoff pattern could take place.
Any sort of pierce below 6k should send panic / trigger stops. BUT...right under 6k is the prior mammoth support that held price up during the "BCASH is the real Bitcoin" slide back in Fall of 2017 (Thanks Senor Ver ;] ). A big wick and close back above 6k is likely I think.
I'll keep this post updated as we reach certain levels but off the top of my head some safer ways to place this include:
1) once $7,300 is decisively broken...ride it LONG to $8,500 (should be nothing in between those levels).
2) once $8,500 is decisively broken...all aboard and enjoy the swift, rocky ride to $16kish BTC.
3) on the short side...build a short anywhere from $6,900-$7,300 as there will most definitely be some amount of throwback regardless of the scenarios (tons of doubt and complacency in this market as people wait around to "Buy The Dip".
Check out our other Blog Posts and tools related to TD Sequential @
www.tradethe9s.com
1] How to use Traders Dynamic Index and Complementary OverlayTraders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames.
I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price.
In KK_Traders Dynamic Index_Bar Highlighting it is also good to note that in uptrends : RSI ranges between Upper Volatility Band, Lower Volatility Band and/or relatively "within" 68 and 50 level lines as it has been doing on hourly time frames on Bitcoin.
Direction and deviation of MBL overlay or Phaser from price is strong indicator of trend direction and price level/zone useful for those who are confused in knowing where price will have to average into.
Promoting free and highly useful Indicators:
KK_Traders Dynamic Index_Bar Highlighting
Traders Dynamic Index Overlay
"Price Action Channel Master by JustUncleL Restored"
_______________
I had not used these guides recently which I have currently published.
If anything (I ever do publish) varies contrary to these indicated guides and the coming guides to be published, the likelihood of failed forecast is augmented.
TD Indicator will hit a Daily 9 TodayIn about 8 hours I will try to open a Shortpostion, the TD indicator will bring a Daily 9 which Potentially should lead to a 1-4 day correction (source Tone Vays). In the 4 hour timeframe it should hit the 9 in about 8 hours.
Plan is to Open the Position at 7700 with a StopLoss of 8000, Target about 6800 maybe having a close trailing if it comes to that region.
Notice: Im just a newbie and nobody should Trade based on what I post, its just my Personal oppinion how it should go according to the TD indicator.