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Tdsequential

BTC Bubble Comparison - Monthly ChartI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. The monthly Stochastic and TD' Sequential are showing multiple similarities as 2014 - 2015. The last buy signal did a great job of calling the bottom and it also lined up with a monthly red 8. If that pattern continues then we should get a $2,880 bottom in February 2019 and then it should take 12 months to close back above $6,400. This lines up very nicely with the most recent Bitcoin' Bubble Comparison that I did on the 3D chart.
BITSTAMP:BTCUSDShort
by Sawcruhteez
9
[QTUM/BTC] COULD BE A REAL SURPRISE [ 50-250% PROFIT]#QTUM / BTC ( Bittrex ) Buy Range : 0.00059-62 Stop Loss : Not recommend Target 1 : 97425 Target 2 : 153132 Target 3 : 270262 WEEKLY CHART : - RSI touched oversold zone and now its pushing high - MACD is lossing bear momment and starting to show positive action DAILY CHART : - RSI touched very oversold zone and shares a bullish divergency - Supported by EMA20 - Downtrend broken and new pattern spotted - CCI turned into GREEN - MACD continue climbing and sharing positive action 4 HOUR CHART : - RSI looks overbought but it could extend positive mommentum - MACD and CCI looking to do another leg up after small retracement - RSI divergency visible on this timeframe too. - EMA20/MA50 below candlesticks and MA200 is being testing right now. - Big volume action on the last hours - Ichi cloud broken and offerin support
Long
by MikeCryptoSignals
Bitcoin Daily Update (day 234)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Previous analysis / position: “The current price is $6,408 and I expect that combination of support to provide a bounce to $6,428.” / Short USDT:USD from 0.968 Patterns: Descending triangle Horizontal support and resistance: S: $6,394 | R: $6,415 BTCUSDSHORTS: Testing bottom of triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bear Medium term trend (4 week MA): Bear Long term trend ( 32 Week): Bear Overall trend: All trends are in agreement, however short and medium are within a c hair of flipping Volume: Just noticed that you can draw a trendline on the volume moving average. The trendline broke in the middle of September and that could have indicated the upcoming low volume chop. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily candles are as follows: shooting star, inverted dragonfly, hanging man. All indicate a reversal to the downside Ichimoku Cloud: Most of the clouds are in agreement and indicate a bear trend (1h - 1w) TD’ Sequential: Most time frame are flipping back and forth due to the chop. Weekly red 3 falls below red 2 at $6,132 Visible Range: Looking back to September 6th' (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 Price action: 24h: +0.005% | 2w: +4.01% | 1m: -4.47% Bollinger Bands: Daily has closed below MA for 14 straight days Trendline: 1h-4h charts are fitting into a bear trend and the top end is currently being challenged Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Stuck at 50 on most time frames Stochastic: Starting to diverge from 4h buy signal while 1h is pulling back from a sell. Interesting how 3d stoch is bouncing/diverging while price goes nowhere Summary: The price has fit into a trend (that can be seen on 1h and 4h charts) over the past 36 hours and the top end of that channel is currently being challenged. If this 4h candle closes above that trendline, which sits at $6,400, then I would expect a retest of the horizontal resistance at $6,445 - $6,464. If not then it should retest the bottom of the trend at $6,350. I’m not sure how much less interesting this price action can get and I am afraid to ask. The gods of volatility are frowning on us all. What do we need to offer as sacrifice? USDT, BCH, Ripple the Standard...take them all!!! Just please return the volatility that we have all become so addicted to. Both financially and emotionally. I’ve been to a fire ceremony, I have contributed poetry, I have danced for rain and still I wait. Waiting for the new higher high or lower low to spark the next wave of euphoria or despair. Until then I will continue sacrificing, dancing and soul searching. No amount of TA can save us while Bitcoin' is stuck in a range of < $50!!! I spent 2 hours with my spiritual guru/mentor this afternoon and she gifted me an essence that is meant for (among other things): being chronically tired from overwork and poor energy management. When lifestyle and work habits aren’t nourishing my physical body. Healing imprints of betrayal and bringing physical richness into our lives. It may feel like Bitcoin' is betraying us with the lack of volatility but the bottom line is that she does not owe us anything. While it remains dormant I will focus on awakening my spirit and harnessing my 6th' sense to predict what the indicators cannot!!!
BITMEX:BTCUSD.PShort
by Sawcruhteez
Bitcoin Daily Update (day 233)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Previous analysis / position: Changed my call for the bottom from $2,860 by 10/31/18 to $2,718 by 1/20/19 / Short USDT:USD from 0.968 Patterns: Descending triangle Horizontal support and resistance: S: $6,385 | R: $6,420 BTCUSDSHORTS: Finding support at 30 day MA, could form symmetrical triangle Funding Rates: Longs pay shorts 0.01% (seems like a long time that longs have been paying) Short term trend (4 day MA): Bullish for 3 candles, crossing below now Medium term trend (4 week MA): Right on it, last candle closed below so it is bearish Long term trend ( 32 Week): Bearish Overall trend: Bearish but starting to turn up after everything was in agreeance a few days ago Volume: Remain painfully low FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily hanging man and shooting star Ichimoku Cloud: 4h cloud holding as resistance | 1h is fully bearish TD’ Sequential: Bounced from 4h TDST level | 12h R2 failed to close below R1 | D: G2 = G | 3D price flipping after R7 | W R3 = R2 = R1 Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 Price action: 24h: +/ - 0 | 2w: -1.71% | 1m: -4.%% Bollinger Bands: Continues to resist daily MA Trendline: Top of descending triangle = $6,604 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Stuck at 50 on most time frames Stochastic: 1h sell signal should be outmatched by 4h buy Summary: 4h chart is bouncing from TDST level after at red 7. That is in confluence with the stochastic which just flashed a buy signal. The current price is $6,408 and I expect that combination of support to provide a bounce to $6,428. I wish I was kidding, but this is what the market has come to. In all honestly it has become very frustrating to track and I have been spending the large majority of my time focusing on traditional markets. However, I intend to stay engaged with the price action so that I don’t get left behind when the next move does happen. Believe me that it will. As the matter or fact the longer that we coil inside this triangle the more violent the following move is expected to be. So do not let the market lull you to sleep and do the best to stay on your toes. If this was easy then everyone would do it. This is not easy and that is why we will deserve every penny that we earn when the volatility picks up. For now I will remain on the sidelines and plan on remaining there until/if $6,350 support breaks down. At that point I will look to re enter my short positions.
BITSTAMP:BTCUSDShort
by Sawcruhteez
2
Bitcoin Daily Update (day 232)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | | Calling for $35 ETH around the same time Previous analysis / position: Left a comment on October 18th’s post saying that I wouldn’t be able to do the daily update and that I was watching the 4h TD Sequential and Stochastic. Still felt good about short positions due to $6,400 holding as strong resistance / Short BTC:USD from $6,367 | Short USDT:USD from $0.968 Patterns: Descending triangle / hyperwave Horizontal support and resistance: S: $6,400 | R: $6,428 BTCUSDSHORTS: Appear to have created a lower high without re tested top of triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Broke through 4 but now pulling back below. Wait to see where it closes before considering it bullish Medium term trend (4 week MA): Bear Long term trend ( 32 Week): Bear Overall trend: Bear Volume: Last few days have been well below MA FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Bearish spinning tops, today forming bullish spinning top Ichimoku Cloud: Fell out of 4h cloud, but still has not gotten kumo twist or bearish TK Cross. 1h cloud shows a lot of resistance from $6,400 - $6,480 TD’ Sequential: 4h: G3 | 12h price flip Visible Range: Showing strong resistance from $6,400 - $6,800 Price action: 24h: +0.57% | 2w: -2.72% | 1m: +0.5% Bollinger Bands: Continuing to resist daily MA Trendline: Top of descending triangle = $6,670 | Phase 2 hyperwave = $6,000 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on all time frames Stochastic: 4h starting to rally after calling a good buy. Daily is recrossing bearish after a double top Summary: I entered based on the 12h red 2 below the red 1 in combination with the button top. Based on that entry I should be setting the stop loss above the 12h red 1 at ~$6,501. That is only 2% risk and there really isn’t reason to set it tighter than that. After taking a number of losses I start to second guess my entries and stop losses. Sometimes I have an inclination to tighten the stops due to be afraid of losing and other times I have a tendency to really widen them due to being frustrating from getting whipsawed. The last couple weeks have been a lot of the former. Instead of using the stop loss that the TD’ Sequential trading system outlines, I used an approach from Wyckoff. He states something along the lines of: “When there is a breakout / breakdown of a trading range and the price quickly returns to the middle of the range then it was likely a fakeout” I entered on the $6,400 breakdown and figured that a return to > $6,450 would indicate a fake breakdown which usually precedes a strong rally. So I set my stops at $6,451 on BTC’ and $204.2 for ETH. Fortunately the BTC’ stop didn’t trigger, unfortunately the ETH’ stop did and there was not the follow through that I was expected. As it stands now I was stopped out on the very top on a 1h wick (which was a green 9). Trading successfully long term is much more about losing than it is about winning. Prolonged losing streaks will challenge your motivation, confidence, sanity, and finances. Risk management is only one piece of the puzzle. The other part is emotional control, and I could argue that is even more important. You can tediously manage risk 99% of the time, but that won’t matter if you let your emotions get the best of you on the other 1%. I have found two very important ways to help control my emotions after taking a string of losses. First I shut off the computer and take a day off. I go outside, socialize and gain some perspective. Then I come back re charged and ready to get back in the trenches. Another thing that really helps is not adding to losing positions. It can be very tempting to add at a better price when a position moves against you. Controlling that urge will help to minimize losses and maximize wins. Furthermore it will cause less stress/anxiety when things are going your way. Set the stop loss then forget about it! In regards to my USDT:USD position, I feel comfortable holding onto that as long as BTC’ is rallying. If it starts dumping then I will look to exit that position. I went to a bbq last night and today I am playing in a golf tournament. By this time tomorrow I expect to feel fully reinvigorated.
BITMEX:BTCUSD.PShort
by Sawcruhteez
1
Bitcoin Daily Update (day 231)I recently posted Bitcoin Bubble Comparison - 3 Day Chart . It provided new dates and prices for the bottom, however it’s still slightly too early to abandon my predictions from the previous Bitcoin Bubble Comparison ]Bitcoin Bubble Comparison: 1 day - 5 days = < $5,750 | bottom prediction: $2,860 by 10/30 | | Calling for $35 ETH around the same time Previous analysis / position: Closely watching trend and horizontal resistance on USDT:USD’ and wanting to see it stabilize before re entering shorts / Short USDT:USD at 0.968 | Short ETH:USD from $198.58 and short BTC' from $6,367 Patterns: Descending triangle | 12h rounded top / button top Horizontal support and resistance: S: $6,355 | R: $6,400` BTCUSDSHORTS: Approaching top of triangle Funding Rates: longs pay shorts 0.01% Short term trend (4 day MA): Closed below and starting to resist - bear Medium term trend (4 week MA): Closed below and starting to resist - bear Long term trend ( 32 Week): Angling down with price below - bear Overall trend: When all three trends line up it’s time to look for a position Volume: When volume? FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Today closed a bearish spinning top Ichimoku Cloud: “Best entries occur when all the metrics flip at the same time” Watch 4h cloud. It is threatening a bearish TK’ cross and a bearish kumo twist. Bottom of cloud = 6,300. TD’ Sequential: Weekly R2 falls below R1 at $6,039 on weekly. 1D is price flipping | 12h red 2 closed below a red 1. Red 3 is currently an inside bar. Visible Range: Gap in volume from $6,242 - $6,349 with one month look back Price action: 12h: -0.65% | 24h: -0.66% | 2w: -2.36% | 1m: +1.04% Bollinger Bands: Resisting below daily and weekly MA, watching for it to fall below 12h MA Trendline: Bottom of descending triangle = $6,100 | Top of triangle = $6,700 Daily Trend: Bearish Fractals: Up: $6,792 | Down: $6,057 RSI: Hanging around 50 on most time frames Stochastic: Making bearish re cross on daily with double top | 3d: bullish | W: Bearish Possible Entries: I really like to build a position when all of the trends (short / medium / long) are moving in the same direction and after today’s close they are all bearish as far as I am concerned. I also really like to see my major indicators in aggreeance. That is what we are getting today with the moving averages, TD’ Sequential, Ichimoku Clouds, Bollinger Bands and daily Stochastic. It has been months since I have seen this much confluence in my daily process with these indicators. Furthermore, USDT:USD' has broken through the downtrend that had me worried and I will likely close that short position out on the next test of support. Possible Entries: Weekly red 2 falls below the red 1 at $6,039 on weekly | 12h red 2 closed below a red 1 | Daily is price flipping, keep an eye out for a red 2 below today | 4h Ichimoku cloud is threatening a bearish TK’ cross and a bearish kumo twist. Bottom of cloud = 6,300 | There is also a gap in volume below $6,349 with 1 month look back (good place to set stop order) It can be hard not to get over excited and smash the market sell / short button when all of the indicators would suggest that is a good idea. Take a deep breath and write down your plan. What is your: time horizon, profit target, maximum desired exposure, and where will your stop loss be? Take the maximum desired position size and divide it by 3. Enter that portion today and then wait until tomorrow to add. That is what I am doing. This will minimize losses when the position moves against you and still leave you with plenty of time to get fully positioned. This next move is going to be big, you can afford to be as careful as possible when building your position. Good luck!
BITMEX:BTCUSD.PShort
by Sawcruhteez
Bitcoin Daily Update (day 227)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: Outlined entries at $6,239 and as well as $6,400 - $6,500 / Short BTC' at $6,330.50 | Stop order triggered on ETH while typing this at $192.70 Patterns: Descending triangle | phase 2 hyperwave Horizontal support and resistance: (Bitmex) S: $6,150 is being tested | R: $6,300 held strong BTCUSDSHORTS: Currently testing the upper end of the triangle that I pointed out yesterday . Really starting to think we are going to see record highs. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): Did test 12 EMA on some exchanges. On Bitmex it is - 2.96% | 26: -4.42% 50 & 128 MA’s: 50: -6.15% | 128: -7.74% Volume: Mild volume on the weekly, but it did make the first higher high since August FIB’s: 0.886 = $6,169 | 1 = $6,104 | 1.618 = $5,750 Candlestick analysis: Nasty shooting star on the daily candle Ichimoku Cloud: Currently falling out of thick 1h cloud. Will be watching to see if it closes. TD’ Sequential: Watching for weekly red 2 falling below red 1 to be in line with descending triangle breakdown and phase 2 of the hyperwave Visible Range: Has fallen back below point of control and highest volume node BTC’ Price Spreadsheet: 12h: -0.75% | 24h: -0.37% | 1w: -6.04% | 2w: -5.99% | 1m: -4.82% Bollinger Bands: Sticking to bottom band, shooting star tells me it is unlikely to return to MA. Weekly resisted MA and should re test bottom band which is below triangle and hyperwave Trendline: Phase 2 hyperwave = $5,950 Daily Trend: Choppy, starting to roll over Fractals: Weekly down = $6,098 | Weeky up = $7,435 On Balance Volume: Weekly broke down support and created a lower low RSI (14 setting): Weekly has broken down from descending triangle and has created a lower low. | D: 35.48 and turning over Stoch: Daily is trending down nicely. Making bullish cross now, expect another lower high Summary: The last two entries outlined were stop orders to short at $6,389 and $6,239. Both have been triggered and are into the profit. My stop loss is currently set at $6,330. The market is starting to show serious signs of life and I am expecting a big move in this next week. During time likes these it is very important to be proactive and decisive when the moment of decision comes. Writing down my plan has helped tremendously with that. When volume and volatility pick up and my heart starts beating faster I can simply take a couple deep breaths and refer to my gameplan. I currently have a nice short open on BTC’ and I am focusing on building on position on ETH:USD. It’s weekly chart looks like it is ready to take another dive and I am looking at a $35 target based on the visible range volume profile and hyperwave theory - return to phase 1 is expected after breaking down phase 2. If I have time I will post a chart with my full gameplan. Here is my plan for BTC': Watch for $6,000 breakdown which will be a weekly red 2 below a red 1 Then expect a small bounce from $5,850 - $5,900 area If bounce resists $6,000 - $6,150 then add to position If bounce breaks through $6,300 then cover If we rally from here then watch for price to re explore wick from today’s shooting star and find resistance below $6,300.
BITMEX:BTCUSD.PShort
by Sawcruhteez
1
Bitcoin Daily Update (day 225)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “I do expect a small bounce off the first test of the phase 2 hyperwave trendline. A return to $6,400 to test that area for resistance is the most logical result” / Short BTC from $6,330.50 | Short ETH:USD from $197.02 Patterns: Descending triangle | Phase 2 hyperwave Horizontal support and resistance: $6,200 was support and is currently being tested for resistance | S: $6,250 - $6,178 BTCUSDSHORTS: Massive triangle starting to form. If daily candle closes above 39,750 then the target is 60,959. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12: -3.24% | 26: -4.46% 50 & 128 MA’s: 50: -6.09% | 128: -7.61% Volume: Last sell off had largest volume on the 1h chart since April 12th and that was the day that set the record for most spot BTC purchased. That indicates to me that some big buyers are getting scared / starting to exit. FIB’s: Testing 100 level. 1.618 = $3,663 when using May 5 high Candlestick analysis: 1 day bullish spinning top Ichimoku Cloud: Kijun-Sen at $6,476 (daily) should act as resistance. 10 minute cloud has actually been very helpful over the past day or so. Was strong support at $6,239 that is thinning and we just got a bearish kumo twist. TD’ Sequential: 4h R2 currently = R1 if that falls below then I think it would be a pretty good entry. Visible Range (1 month lookback): High volume nodes from $6,383 - $6,590 should be strong resistance BTC’ Price Spreadsheet: 12h: +/- 0 | 24h: +8.04% | 1w: -4.75% | 2w: -5.28% | 1m: -0.82% Bollinger Bands: Last candle failed to return to the band. I expect to see a bulge very soon (as does everyone paying attention) Trendline: Phase 2 hyperwave and bottom of descending triangle = $5,900. A close below that price would almost certainly lead to the bulge. Daily Trend: Chop Fractals: Down: $6,100 | Up: $6,712 (5 in that area) I do not expect up fractal from September 14th to be violated at $6,589 On Balance Volume: Has broken down it’s descending triangle ADX: Finally bouncing after creating 4 year low RSI (14 setting): W: 44 | D: 38.26 | 4h: 34.82 and testing down trend | 1h: 46 after resisting 50 just formed lower low and looking like it will create a second lower high (in line with price) Stoch: %K starting to enter oversold territory on daily and 3d. Weekly still has room to go. 4h making bearish re cross under 25. Summary: When the higher time frame Bollinger Bands get a super squeeze it will often be followed by a shakeout before the real trend starts. That is something I have been very cognizant of over the last couple weeks and I no longer think that this selloff could be a fakeout. The reason being is how much time we have spent below $6,400 support. Shakeouts will usually be violate/fast and the rebound will be even more so. The price will not tend to spend much time below prior support and that will trap in the breakout traders who were waiting with stop orders. I also think that the chances of a bounce to $6,400 are decreasing. In the Wyckoff distribution preliminary support will eventually breakdown and becoming resistance. Therefore I think a selloff to $5,900 and then a bounce back to $6,175 is the most likely outcome. From there I would expect the selling climax to follow. $6,250 - $6,275 is the number to be watching. If not in a position then a stop order at $6,149 should be a good option. That would also be in line with the red 2 trading below the red 1 on the 4 hour chart if it were to occur in the next 2 hours. That being said there is still a very decent chance that we bounce from here and retest $6,400 - $6,500. If that happens then be prepared to enter a short. I believe that would be the most favorable entry in terms of risk:reward. $6,651 should be a safe area to set the stop loss with all of those up fractals lining up. Keep in mind that there is a significant premium on USDT exchanges (currently 1.21%). The prices above are an average of both and would need to be adjusted for your exchange accordingly.
Short
by Sawcruhteez
Bitcoin Daily Update (day 223)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “I have an order set at $6,389 to open a short if/when the price falls below $6,400 support. Until then we wait.” / No trade zone = $6,400 - $6,700 Patterns: Descending triangle Horizontal support and resistance: R: $6,655 | S: $6,524 BTCUSDSHORTS: Starting to trend up and challenging the 50 MA right now. Funding Rates: Longs pays shorts 0.0342% 12 & 26 EMA’s (calculate % difference): Have made a bullish crossover but failed to support price. Will be interesting to see if we close above those EMA’s. 50 & 128 MA’s: 50 starting to act as clean resistance | 128: -2.32% Volume: Last couple days have started to pick back up after dip on the 6th' and 7th. FIB’s: 0.618 = $6,600 | 0.5 = $6,759 | 0.382 = $6,918 Candlestick analysis: Daily hanging man forming. Weekly dojis. Pulling back from 12h shooting star. Ichimoku Cloud: Price is being squeezed in between Kijun-Sen and Tenken-Sen on daily. Fell out of 12h cloud and now it is becoming resistance. 4h cloud is bullish but appears to have an upcoming kumo twist. TD’ Sequential: Bouncing off a 4h & 1h R9. 12h has R2 = R1. Daily G6. Visible Range: Gap in volume from $6,800 - $7,250 is primed for a bull trap. Gap in volume at $5,000 is begging to get filled. BTC’ Price Spreadsheet: 12h: +0.87% | 24h: -0.52% | 1w: +1.57% | 2w: -1.33% | 1m: +5.75% Bollinger Bands: Got closed to testing bottom daily band. Will be interested to see if we close below the MA. Trendline: Drawn on chart. Current bounce came almost perfectly off the green trendline that I pointed out as the key area of support in yesterday’s post. Daily Trend: Chop that is favoring the bears. Fractals: New fractal printed yesterday at $6,516 and was almost immediately violated. A close below that number should cause bearish momentum to increase. On Balance Volume: Trending down after breaking down from it’s triangle. ADX: Continues to make new lows. Chaikin Money Flow: Trying to breakthrough 0.2 with c&h type pattern. I don’t think it will happen. RSI (14 setting): Broke up from triangle and supported retest, however now it appears to be turning over. Watching for new low on daily chart below 49.95. Stoch: Making bearish recross and forming lower high Summary: Watch for resistance under $6,650 where horizontal resistance meets the trendline. If bulls breakthrough that area then we should retest the top of the descending triangle for the first time since July. Also watch for a new low on the 4 hour chart (below $6,480). If breaks breakdown that area of support then I expect the selling momentum to increase significantly. I still have an order set to short at $6,389 and I would move that up to $6,474 if that wasn’t in my no trade zone. The market feels like it is ready to make a significant move more than ever before (in my experience). I remain confident that it will be to the downside. The main reason that I do not believe this is the bottom is because every on Twitter and Reddit thinks that this is the bottom. Overwhelming exuberance on social media is exactly what I like to counter trade. Maybe they are all right and I am wrong, only time will tell. Tether (USDT') is showing some signs of cracking. The premium between USD and USDT' exchanges is at a 9 month high. USD Exchanges | Coinbase: $6,541 | Bitstamp: $6,539 | Gemini: $6,538 | Kraken: $6,540 | Average: $6,539.50 USDT' Exchanges | Binance: $6,638 | Poloniex: $6,638 | Bitfinex: $6,638 | Average: $6,638 | Premium = 1.51% On Kraken the USDT:USD pair is down 1.55% in the last month and looks like it has much further to go. That chart has me seriously considering shorting Tether', however I don’t want to have my funds tied up for when BTC' makes it’s move. If you have money on the sidelines then I would be very careful about holding it in USDT or another ‘stable coin’. I have personally spread out my funds across three exchanges and would recommend the same.
by Sawcruhteez
5
Bitcoin daily chart analysis Hello, The 128 day MA has been resistance since mid september and is now coinciding with the base of the "small" ascending triangle. It BTC breaks this point, it might have a breakout until the 200 day MA, wich coincides with the expected triangle breakout increase. On the TD sequential, a green 4 went above a green 3, indicating the top of the green 3 candle as the entry point to a trade. If it makes the breakout we will likely go to a green 9, completing the setup fase. In this scenario I think that the 200 day MA will act as a heavy resistence, the RSI will also probably be overbought or close to it and the green 9 would indicate an exit from the trade. After that we would have to see if it would fall inside the "big" triangle again or if the diagonal line would act as support. Best regards, Alexandre Simões
BITFINEX:BTCUSD
by alexandrejosesimoes
XRP/USD - WILL WE BE RICH?XRP broke out of the descending wedge pattern, ran up to the .236 Fib level and pulled back to retest previous resistance as support. However it did so on very low volume, so the breakout was extremely unimpressive nor vitally important. If we maintain this level however, we have still formed a higher low, so I've plotted a potential new ascending trend line. We'll see if this holds and what larger dominant pattern emerges from here. XRP is one of the most exciting assets to trade right now, more so than Bitcoin or ETH potentially. In my eyes, the dominant narrative is this: Bitcoin is destined to win, so if you're a believer then you're bullish bias is overpowering and you're safe to go long from almost anywhere as long as your time horizon is long enough. Ethereum is doomed to failure, so you're fairly safe to short from any level as long as your time horizon is long enough. However Ripple, with all it's potential banking implications and far-reaching network of influence and potential, is one coin that could make us kings or beggars. There's so much disagreement on it fundamentally, that it makes it a fascinating crypto to speculate on. We'll be watching this one extremely closely. This chart is still neutral, leaning bearish. I say this because of the following: DMI is still bearish, with a rise in the strength of the trend. Kumo cloud turning to the downside. Stochastic descending from overbought level, RSI potentially moving down through the 50% level. There are bullish aspects to this chart. There does seem to be a turn in the DI-, RSI might hold the 50% level, there does appear to be a potential double bottom formation, and recent price action as far as volume is slightly more bullish than bearish. Eyes glued to the charts people, eyes glued.
BITFINEX:XRPUSDLong
by CrackingCryptocurrency
1
ETH/USD - NEW PATTERN CONFIRMED!The symmetrical triangle pattern is holding. We've had to readjust it several times over the past week to maintain it's levels, however it hasn't made a break that would cause us to question the current range. As I've stated above, range-bound assets are difficult to trade. Easy to scalp, difficult to trade if you're time frame is longer then a few hours. Bullish and bearish momentum are battling much more aggressively here on ETH than on BTC, we can look at DMI to confirm that. They keep swapping positions to the dominant. Unfortunately, ADX keeps trailing lower and lower which confirms our lowered volatility. Low volatility is a good place on an asset to enter, however you have to take your bias into account either bullish or bearish. If you're correct in your assumption, then you got in at the best possible price. If you're wrong then price goes against you and it generally goes fairly quickly from low to high volatility. Everyone's excitement is growing the longer the charts remain boring, as paradoxical as that may sound. As volatility decreases, experienced traders know what follows, which is often quite violent, ie. profitable. Neutral chart, however it won't be that way for every long.
COINBASE:ETHUSD
by CrackingCryptocurrency
BITCOIN/USD - DESCENDING WEDGE HOLDS!The descending wedge pattern is still holding. If you had set buy orders at the bottom trend line, merely extending the trend line from the last support into the future, you would be a very happy turtle right now. Bullish volume is still struggling to push the price upwards, and at the current moment volume is falling off. This is indicative of a lack of faith in Bitcon's bullish movement at this moment in time. Anything can change, but that is the state of volume at the moment. The overall trend is still bearish, and recent price action confirms this both via candlesticks and volume. The bearish engulfing candle that we see plotted three bars back is quite important, the amount of volume that candle was able to command relative to recent price action lets us know there are plenty of sellers in the market who are still quite hot to trot to sell and short their positions. The bulls did step in as predicted at the opportune time, however as we've discussed ad nauseum important levels only tell us WHERE the bulls might step in (vica versa with the bears). It doesn't tell us whether or not they will be successful. We need volume to confirm movements. Right now, volume is not confirming this bullish movement. You can see that the area where price found support was not only the ascending trend line, forming still a pattern of higher lows, but it was also a few satoshis short of the 0.236 Fibonacci retracement on the current descending wedge pattern from true high to true low. These are important levels for you to find on your chart when you're plotting out your plan of action. Numbers matter, and observation is required to see how successful a movement is going to be. Our smoothed Stochastic is signaling that Bitcoin is oversold, and our RSI shows no divergence at the moment. DMI is still negative, indicating that bearish momentum is still more powerful than bullish momentum, and volume confirms this. Price also seems to be stalling out, forming a gravestone doji that reversed at the next Fib level, the .382. If you're predicting a pullback from here, a Fib measurement puts out .618 entry position at 6473.91. Possible scalping targets to the upside could be 6500 and 6550. However the risk to reward ratio here is not worth it, in my opinion. Don't feel the need to trade, I would like to see more bullish volume to come in, and then you could feel more confident taking a long position all the way to the upside of this descending wedge pattern and then re-evaluating. I will say that we also completed our TD Countdown, with a perfected 13 count which per TD Strategy gives us a buying option. Something to keep in mind. Bullish factors - bottom of current trend line, completed 13 countdown, oversold stochastic, reversing RSI. Bearish factors - dominant trend, DMI bearish w/ weak trend, volume, candlesticks.
COINBASE:BTCUSD
by CrackingCryptocurrency
STORJ/BTC - 30% PROFIT POTENTIAL!STORJ has formed what could nearly be an ascending triangle, with a series of higher lows and nearly equidistant highs with a slight variation to the downside. Now is not the time to buy into STORJ, unless volume really cuts loose here and we break to the upside out of this pattern. I don't see that happening now, I feel it's more likely, even with this impressive bullish candle that we pullback from here to gather even more momentum. You can just look at the period of consolidation, which generally measures to the size of the breakout. We can see, the longer the consolidation, the longer and more sustained the bullish movement is. There was very little consolidation for this current move, therefore it's destined to pullback in my eyes. You can see we've ranged from the .618 to the .236 measuring the true high to the true low on this current pattern. I'm quite excited with this chart, I think this is a good one. DMI negative momentum continues to fall, positive continues to grow and the trend is strengthening. The range is contracting, which will lead to a volatile spike, our stochastic is nearing oversold levels again. RSI does not confirm this, but it's the only indication we have that's slightly bearish. Recent price action and volume also strengthen the bullish case. Potential targets upon the breakout are charted as our previous resistance levels, and from current price (which is higher then what our buy in will be) to the final target is 30% potential for profits. Patience, and choose your entrance wisely.
Long
by CrackingCryptocurrency
Bitcoin Daily Update (day 222)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “The 1h chart looks toppy af’ with a very bearish wick from 12 hours ago currently being re explored. Nevertheless support continues to move up. This has been a common theme over the past couple weeks” / $6,400 - $6,700 = no trade zone Patterns: Descending triangle Horizontal support and resistance: S: $6,585 | R: $6,617 BTCUSDSHORTS: So far they have failed to make a new local high after creating a higher low. Funding Rates: Longs pay shorts 0.0477% 12 & 26 EMA’s (calculate % difference): Both currently acting as support and trying to make a bullish crossover. 50 & 128 MA’s: Price is back below 50 MA. A close below it could initiate some bearish momentum | 128: -0.7% Volume: Dwindling to 2 year lows FIB’s: 0.618 = $6,600 | 0.5 = $6,759 | 0.382 = $6,918 Candlestick analysis: Weekly dojis indicate that the range does not have much room left to tighten. Pulling back off 4 hour shooting star from yesterday. Ichimoku Cloud: Attempting to make bullish TK’ cross on daily. Price is currently falling out of 12h cloud. 4h cloud remains fully bullish TD’ Sequential: 1w: G2 | 1d: bearish price flip | 12h: G4 | 4h: R4 | 1h: 3 candle correction after a R9. Visible Range: Gap in volume between $6,800 and $7,250 represents prime opportunity for a bull trap/fake breakout. BTC’ Price Spreadsheet: 12h: -0.37% | 24h: -0.6% | 1w: +1.44% | 2w: +2.43% | 1m: +7.12% Bollinger Bands: Daily MA = $6,600 Trendline: Has violated trend/triangle that connects 7/24 - 9/4. Next up is the top of the descending triangle which can be drawn anywhere from $6,900 - $7,000 Daily Trend: Chop Fractals: Broke up at $6,676, but failed to close above. New down should print at $6,514 later today. On Balance Volume: Has broken down it’s triangle and is testing it for resistance. ADX: Yesterday it looked like the ADX was turning up, but now it looks like it is going to retest support / try to create a new low. Chaikin Money Flow: Forming a triple top / possible c&h. Expect 0.2 to hold as resistance. RSI (14 setting): Has broken out of it’s triangle to the upside and has supported a throwback. Stoch: Will bullish re cross on daily turn into another lower high? Summary: Nothing new to report so I will spend today discussing my process. One of the main reasons that I started doing the Bitcoin’ Daily Update was to help keep myself engaged without being attached. When the market is this boring I would much prefer to take a week off and completely forget about the price action. That is what I have done in the past and it has cost me too much in opportunity. In order to combat that I started entering into positions prematurely. I find it much easier to stay engaged with the price movements when I have an open position, however that is not an acceptable reason to enter a position. This ended up costing me capital and confidence. The Daily Update forces me to stay engaged even when I am not in a position and/or when volatility has died down. This keeps me on my toes and prepares me for when the market decides to make a move. I have an order set at $6,389 to open a short if/when the price falls below $6,400 support. Until then we wait. How do you stay in touch with the markets while in a no trade zone and/or waiting for consolidation to end?
by Sawcruhteez
5
Bitcoin Daily Update (day 221)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “If they can breakthrough $6,600 and support it then we should retest $7,000. If that happens I will still be viewing it as a bull trap.” / $6,400 - $6,700 = no trade zone Patterns: Descending triangle Horizontal support and resistance: R: $6,675 | S: $6,640 BTCUSDSHORTS: Creating new local high Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12 & 26 = +1% and making bullish crossover 50 & 128 MA’s: 50: +0.45% | 128: -1.71% (should be strong resistance at $6,765) Volume: Prior two candles had a big dip in volume, now it is starting to build again FIB’s: 0.618 = $6,600 | 0.5 = $6,759 | 0.382 = $6,918 Candlestick analysis: Took out yesterdays hanging man, but today's candle is forming a bearish wick after breaking out of the first down trend/triangle. This is what I said to watch out for yesterday to identify a potential fake breakout. Ichimoku Cloud: Current candle is re entering 12h cloud. 4h cloud is fully bullish. TD’ Sequential: W: G2 > G1 | D: G4 | 12h: G2 > G1 | 4h: G7 Visible Range: Gap in volume between $6,800 and $7,250 represents prime opportunity for a bull trap/fake breakout. BTC’ Price Spreadsheet: 12h: +0.39% | 24h: +0.74% | 1w: +0.81% | 2w: +3.19% | 1m: +4.03% Bollinger Bands: Still hasn’t tested top daily band. I would expect a fake breakout to violate the top band and then quickly return to the MA. Trendline: Has violated trend/triangle that connects 7/24 - 9/4. Daily Trend: Bullish Fractals: Up at $6,685 was briefly violated. Down at $6,419 and looks like we will form a new one at $6,519 On Balance Volume: Looks like it is going to retest the descending triangle that it recently broke down ADX: ADX finally looks like it is turning up after finding support at Chaikin Money Flow: RSI (30 setting): Broke out of it’s symmetrical triangle, supported throwback and created a new local high 4.55 (low since March 2016) Stoch: Surprised to see that it made a bearish re cross on the weekly, while starting to diverge in a bullish manner on daily. Summary: Today's candle is breaking out of the symmetrical triangle that is inside the larger descending triangle, however the move is weaker than I expected. I expected a large spike in buy volume to follow the trendline violation combined with an extended range candle to $7,000+. The 1h chart looks toppy' af’ with a very bearish wick from 12 hours ago currently being re explored. Nevertheless support continues to move up. This has been a common theme over the past couple weeks and is a main reason why I had a losing streak and was forced to label $6,400 - $6,700 a no trade zone. I will continue to sit on my waits and wait for further development. The 12h and weekly TD' Sequentials are providing a long entry, but I am passing on both. I remain bearish and am looking for bearish entries. As I have stated many times I will not turn bullish until we create a higher high on the weekly chart (> $7,500), get a golden cross on the 50 / 128 day MA's and breakthrough the daily Ichimoku Cloud.
by Sawcruhteez
2