Altcoins Bouncing From 200 Week MA after TD Sequential 9Time to consider altcoins again, if only you could buy the market...
Altcoins are starting to bounce from the 200 Week MA. Closing above the 100 Week MA would be bullish enough for me, similar to when we found support at it in March 2018. Otherwise hoping for the week to end on a green 1, in order to buy into a green 2 moving above the 100 Week MA early next week. Target for trading altcoins against USD would be to the 50 Week MA. ETH, LTC and XRP come to mind.
If altcoins fall below the 200 Week MA, then fuck it off.
Tdsequential
BTC Dominance Rising Wedge Theory
Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern.
BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%.
This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering.
BTC.D closed above it's 200 Week MA (70.5%) for the first time ever last month. A close below could be fatal.
Currently expecting a January 2020 "mini altseason" with full-blown altseason in Winter 2021.
VIX - Bull Flag into BatThe VIX chart is showing a clear bull flag at the moment, with a bullish bat-like pattern that has formed.
I know point B on the Bat overshot the 0.382 - 0.50 mid point, however I put more emphasis on the 0.886 X-D retracement point. We are very close to the 0.886, however I am comfortable taking a long position here as long as the TD Risk line continues to hold.
Any thoughts? Feedback is always appreciate. Best of luck!
OMGUSDT: Conservative/Aggressive Buy SignalOMGUSDT Assessmen t:
* Conservative: Buy after next candle close if 1D TD Sequential 2>1.
* Aggressive: Buy now.
1D Events :
07 September:
- Evening Star support @ $1.0037 ($1 psychological level).
08-10 September:
- 3x green Heikin Ashi closes near Phi EMA 8.
11-14 September:
- Price supported by iFisher MA 21.
- 2 Spinning Tops ( "trend losing momentum")
Today :
- Green Heikin Ashi candle.
- Green TD price flip.
- Fisher Transform(12/12) cross @ BB median.
- Fisher Transform Smooth cross @ BB median.
- iFish RSI/Stoch/CCI white.
- iFish Stoch within normal range
Unannotated Chart :
TD Master Count (TDMC) StrategyDescription: This is a hybrid of the TD Setup and Sequential 13 rules, which when combined, allows for an uptrend/downtrend to maintain its count despite sideways PA, Price Flips or 9 recycles.
Usage: No more 9s and 13s entries and exits. Given an upward and downward trend can develop at the same time, entries and exits are determined by breaks in trend count in either direction Aggressive traders, can enter/exit earlier based on count still printing uptrend as PA begins to downtrend or vice versa. Users could can leverage the accompanied Bar Color Scheme and 13 EMA for entries and exits as well:
Bar Color Scheme:
1) Green = Uptrend
2) Red = Downtrend
3) White = Inside Bar (pause in trend)
40 Blue = Slowing/Reverse in trend (either direction)
13 EMA:
Changes color as PA crosses above or below low. Gives overall trend direction. Green is bullish. Red is Bearish. NOTE: All MA are lagging indicators.
Analysis: On this weekly BTC chart price has been up trending for 32 weeks. We had 5 weeks of potential downtrend developing since our top in June. This was broken for one week. The next three weeks, we printed the first RED candle in 9 weeks followed by another red candle last week. Last week’s red candle marks the 3rd candle in all 32 weeks of uptrend. PA action is sitting at support on the 13 EMA, a break and close below it this week could signal the start of a reversal. Thus far, this week we have a green candle and a continuation of the long trend.
Comments: Observations on this strategy are welcome. Please feel free to provide your feedback to further improve it.
BUY BITCOIN! This is amazing.HOLY SHIT i JUST DISCOVERED SOMETHING ON 12H.
- This demand wave is the test of the shoulder line of a 12H H&S.
- We surpased a longer downtrend line and we're above the neckline.
- Phi 305, 144, 17 have been strong 12H support.
- We have support from all of these ^ in the strongest order.
- This shoulder and trend line test is off of a bounce from Phi EMA 17.
Look at the EMAs:
Look up close:
$BTC It's a bull flag not a bear channel! #SequentialHi Folks, I truly believe this consolidation will end as a bull flag and not a bear channel!
Today's candle is very bullish and we have 3 major signals:
- Green 2 closing above green 1 high (yesterday's high)
- TDST Resistance is already being pierced we are only on bar 2/9 of the setup
- Birth of a new daily uptrend with a new sequential countdown 1/13
At least we should reach the upper line of the channel and find some resistance there.
Then a breakout should occur.
We will look at my Sequential indicator for confirmation once this level is reached
MATHR3E
Sequential Indicators:
TD Sequential
DeMARK Combo Extension
BITCOIN - OverviewBTCUSDT - 31D, 1W, 1D
31D:
- TD D-Wave sell signal
- net volume falling
- potential target: $8,000 (SMMA 6)
1W:
- TD D-Wave sell signal
- ADX TURNING BEARISH
- net volume falling
- Fisher histogram negative
- potential target: $9,200 (1W Bullish Engulfing Pattern & EMA 17 Phi)
1D:
- weak bounce from uptrend failed to draw candlestick support
- TD Sequential 6/9 setup
- Potential targets:
$9,555 (1D TDST) - $9,060 (1D Morning Star)
$8,800 (EMA 144 Phi)
$8,500 (1W Bearish Engulfing Pattern)
$7,500 (1W Bullish Engulfing Pattern & EMA 305 Phi)
1D:
- Below PB&J (SMMA6 & EMA 30)
- Heikin Ashi red
- Fisher Bollinger Band & 0.0 resistance
- Volume Profile draws a Symmetric Triangle
- Breakout target:
$15,500
$BTC *erratum* Aug/14 #SequentialHi there,
My apologies for Wednesday analysis: It was published with a test version of my Sequential indicator and the countdown was wrong.
The correct version of the indicator is still on a bar 11 of the bullish trend so I might have turned bearish quite prematurely.
However, we have price flipped on this week and a sell signal is still possible on next week (Red 2 below Red 1 low).
This could confirm a touch of the previous TDST resistance Line which could turn as a support before price continuing higher.
I will post soon a monthly chart analysis where we can see the bullish trend is not over.
For the moment I remain neutral. We could see a broader consolidation pattern of this year's bullish movement
MATHR3E
Check my Sequential indicators:
TD Sequential
DeMARK Combo Extension
More details on my Patreon page.
REN - recent pump had nice confluence of indicatorsREN recently broke out of this downward sloping channel - a Bull flag formation.
It reached oversold levels on the RSI at the same time as hitting 200 support on the EMA (4H)
RSI seems to backtest pretty reliably for REN, and there had also been some bearish divergence on the previous upsloping channel, predicting the downtrend.
I am quite new to TD Sequential and still learning how to use it, but there was also a green 9 right at that 200 MA before the pump.
Checking the Daily we could also see a green 9 predicting the reversal to the upside from 13 May.
On the 4H the previous green 9 occurred right at the 100MA. Price continued to dip down to the 200MA, completing another cycle.
I guess that should be quite a strong buy signal.
I didn't take this trade but as a new trader learning the ropes, it's exciting when you find a confluence of lots of indicators.
Different paths, same destinationThe clock is ticking on the daily cloud coming into play which ironically will also be the weekly close tomorrow.
Approximately 10850 is the TD flip price on the weekly, which means a red 1 could print on the weekly for the first time in 23 weeks.
If we close the weekly above 10850, we'll probably test the downtrend line from the top as well as the previous uptrend line, and then see a tremendous sell off. If we close below 10850, we go down sharply and unexpectedly.
Since the bullishness has predictably returned with the $1200 pump from the lows, and suddenly everyone is back calling for the moon, I'm leaning towards the more unexpected outcome.
Longs are super over leveraged pretty much everywhere, and the powers that be pretty much have everyone right where they want them.
IMO this is the final bull trap of this entire cycle.
GOLD - Wait for the RetestAlthough the 0.382 Fib has acted nicely as support for GOLD/USD and global economic conditions are looking more uncertain, I'm going to be as patient as Jerome Powell.
The daily and weekly RSI is overbought and I'm awaiting the retest of the 5-Year resistance + cup and handle pattern that GOLD has just busted out of.
Weekly view:
Furthermore, Gold did top out on a daily TD 9 and I can see it getting within the proximity of the TDST line.
However, with Powell testifying tomorrow and whatever the interest rate decision is, the direction is really unpredictable. If you're buying GOLD/USD to hold, I think you might be safe here if you want to hedge your bets.
Best of Luck and let me know what you all think about Gold, the economy, stock market, trade, etc.
BITCOIN ROADMAP: 10K --> 5750TL; dr - The public is FOMO and won't sell until 10K. Once 10K hits "good news" will cause WORLD WIDE buying at the top. CNBC, CNN, MSNBC, the Twitter and YouTube, the TradingView gurus - will all tell you BUY BUY BUY!!! You can buy now and sell to the FOMO buyers between 10-13K or you can wait and buy the pullback at 5750. This analysis is based on Steve Nison & Tom DeMark trading strategies.
1D SMMA 5 = SUPPORT/DEMAND >> 7 Arrows:
1) Hammer-esque (Breakout of 1M Bullish Engulfing Pattern resistance)
2) SB (Supply Bar) / Panic Absorption
3) NS (No Supply) = Spinning Top ( (down) "trend losing momentum")
4) DB (Demand Bar) = Morning Star ("bulls now in control") (support)
5) Panic Absorbed
6) Panic Absorbed = Piercing Pattern (support)
7) Panic Absorbed
What this says is: SMMA 5 IS A PANIC ABSORPTION / BULLISH REVERSAL LINE
According to this strategy, EMA 30 is deeper support. So until further information is available, 7200 will be a solid demand area.
Steve Nison's COP (Change of Polarity) Breakout Strategy has Bitcoin on a BUY signal. The large white candle broke out (aggressive buy signal). The following white candle close above 1D Bearish Engulfing Pattern resistance is price confirmation of the bullish trend.
The next target is $10,000.
DEMARK 9 = SATURDAY PUMP
3D STOCHASTIC RSI HAS ALREADY CORRECTED BULLISH
Traders waiting for "THE DEEP CORRECTION" based on Nison's "Pull Back to Sweet Spot" strategy will have to wait until 5750.
Combined with rational 1W DeMark strategy we could expect the apex of this bullish move between June 1st-3rd. The 9 could breach 10K, cause the media frenzy FOMO buying at the top with the bearish reversal.
ROADMAP 10K --> 5750
How Operators Shape The MarketMONEY FLOW ANALYSIS:
This is how Operators shape the market to look the same, so they can control everything at the same time.
- Candlestick, DeMark Sequential, and Volume analysis can indicate when they will distribute Bitcoin.
- Observing Ethereum price suppression can indicate Operators accumulating Altcoins.
- Observing high volume on Altcoins will confirm this.
Sell Bitcoin when they sell Bitcoin and buy Altcoins when they buy Altcoins. Profit.