TD Sequential and VSTOP: The next 4 days are crucialThe Left Chart
I have been using iterations of the chart on the left for a while now. Bitcoin is testing previous support as resistance and so this is a key decision point. Failure to break resistance right here signals very real macro-weakness. It would have been the third lower high since 2017 and at the least would set up more continuation sideways. Even more bearishly would be the low of late 2018 and early 2010 being taken out and we would be legging it down.
The monthly level to beat is determined by the VSTOP, being set to close, at 11,321. Closing above that to end the month flips the VSTOP similar to what happened in 2016. A look at early 2016 shows we can also chop sideways for another for months or so against this VSTOP. The idea of chopping sideways for a couple of months might be enticing for many, as it gives you a place to accumulate for the next leg up. Normally I would agree, but as I said, we are on our third consecutive lower low at double resistance. I will continue to personally wait for the VSTOP to flip bullish because I am looking for a long term trend here and the chance of reversal is still to high for me.
The Right Chart
There is a lot of potential bullishness on this timeframe and I know why many are licking their chops. Price action has just cleared the TDST (Tom Demark Setup Trend) and a close above that is our clear buy signal on the weekly timeframe. I have boxed out the area between the TDST and the 1m VSTOP
The Daily Chart
The box shows how price action is in No Man's Land between the bullishness on the weekly chart and the resistance on the monthly chart. Forbebodingly, there is a "Perfected 9" which is clearly higher than the highs of bars 6 and 7. This means we are at a very technical place for reversal.
Summation:
Monthly : still bearish until a close above the VSTOP and double resistance. Patience if you want to go long or tunneling down timeframes if you want to go short.
Weekly : BUYBUYBUY so long as you ignore the other timeframes
Daily : Trend is at resistance and could break out. Perfected 9 on the TD. Decent place to simulate straddle with opposing positions if you think TD could go to 13 or close above the monthly resistance but want to keep yourself safe.
Not financial advice though. I am still familiarizing myself with the TD and VSTOP combination with experimentation. I remain neutral on BTCUSD for now with no trades on. Come August 1st that may change with a close above 11,321.
Tdsequential
Yeesh, SPX & NASDAQ TD Seq Red 1 on the Day and green 9 yearlySPX first due to its longer history. The year chart is absolutely dreadful as twice before the price action has tested the support generated by the sequential to devastating affect to the market. This potential ways off at this point. What isn't is is our chance for a waterfall drop on the daily chart.
The NASDAQ doesn't have the same history as the S&P 500 but the 9 is still on the yearly chart and that red one on the daily.
Lots of things are syncing up bearish, between the Covid death counts, the eurodollar pumping, these indicators suggesting reversal on a macro scale we are looking at the potential to a lost decade in the United States and world.
Disclaimer: I am still getting use to this indicator but it is helpful having something help draw me ranges to evaluate and remove some of the human factor. I am looking to use this in conjunction with the VSTOP settings I have been experimenting to help me let my winners run.
#bcd $BCD 29 july halving td sequential buy signal 29 july halving
td sequential buy signal and stock-rsi is just starting.
BUY THE MOON SOON
#Matic breakout long playBINANCE:MATICBTC Matic playing the long game nice breakout, putting my bids at 240-242
Dominance Dump ! Btc ? #Bitcoin #crypto #btcEven on the 1 day dominance chart for Bitcoin we have now hit a TDSeq9 in red - are whales playing here ? Are the whales coming out of their alt positions soon ? Will Dominance finally rise ? I believe we will see significant rise here by the end of July . See my previous idea below . It's still true - we've just now moved to the higher timeframes.
Penny Stock Indecision ! BRLL #otcpink #pennystocksAs you can see BRLL one hour chart rsi has hit 33 and this almost always means some nice upside will be coming - perhaps even 50% or more . But .... there's a problem . July is the one month I'm a bit cautious to but penny stocks - mid summer is notoriously dumpy - plus I'm not losing anything by sitting it out .Anyway it's also hit a TDSeq9 in red and should be good for at least 10% - I'll just be upset if it shoots up because I'm not jumping back into penny stocks til mid or late August !
BITCOIN SET FOR BULLRUN!!Hey there,
please like the post and follow me for more trading ideas.
Bitcoin has some clear structures forming on multiple timeframes.
We have a descending channel, indicating further upside once broken,
the declining trendline connecting the monthly highs, ranging back to 20k.
A possible falling wedge on the daily.
A 3-DAY 9 buy on the TD-Sequential
and consolidation after a bullmove, by correcting through time and not price.
All in all this looks bullish to me.
Of course btc is completely correlated with the stockmarket, like S&P500.
So we still have to depend on what stocks are doing.
Until then, take care.
Cheers,
Konrad
ES1! S&P 500 Future To Turn Down ?Going short on the S&P 500 is a good call for the following reasons:
1. Price is nearing short daily resistance at the yellow horisontal line.
2. On 4 hour chart, you will see the rising wedge formation it currently trades in.
3. Using the TD indicator, is is currently on a perfected 8, though this 8 is actually the second TD 8 in a consitant move up so it receives even more weight. 4 hourly TD 9 commence at 12h00am and we should see cipitulation.
4. 1hour and 4hour charts are at 90 on the Stochastics.
A lot of reasons why the S&P up move would get resistance in the next couple of hours.
BTC1!: CME TD 9 Bear Trap Buy SignalCautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive.
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com
Inverse Head & Shoulders Fracta - Deadcat to $9.4K?
A few possible scenarios:
BTC 12 HR bullish and bearish casesBTC 12hr - watch closely as breakdown of triangle or break out is equally possible.
bullish case
1. green 2 above a green 1 above the 9
2. bouncing of of triangle support
3. successful test of support at 8803
4. stoch bullish crossover
5. rsi trending up
bearish case
1. MA 50 and 100 above (potential spike up then down)
2. bearish trend
Watch for any breakdowns under 9k for continuation down.
Watch for close above that 9450 - 9600 to signal bulls back
in control or.... bull trap zone.
Stay Frosty.
Long term. Long and accumulate some LTC/BTCBiggest TD9 I ever saw. 3 month LTC / BTC. I will not that both charts are on Camarillo range support levels or near.
Long term play. It has been to the topside of this range like a dozen times. And remember it was 140 or something last year. It has been nearly a year since its halving. and hasn't made a peep. I do not suppose... it is NOT being accumulated? and that nobody is buying it except for bots ever again? hmmm /shrug
USD CHF. Search thee out. the diamond in the roughYeah. I know it looks bearish. been bearish. peoples is bearish. However. got a couple lowTF TD9 Perfected setups on it. And a IHS potentially on Weekly if they do play out. And some divergence to go around. and some channel action not yet violated. Could be
ICX Cup & handle can we break the strong resistance of 3550sats?Can ICX break the big resisatnce at 3550sats to make this cup and handle actual? On a green 3 of the sell setup according to tdsequential. Looking for a buy opportunity on a candle closing above 3550sats. 1st Target 3750sats. Lets see if we get there!
ETHEREUM will DROP? 9 Sell!Hey there,
Please support this idea with your likes and follow me here on TV!
Currently on ETHUSD we have a 9 sell on the daily & weekly time frame!
This is acutally pretty huge in my opinion.
Also there is heavy trendline resistance incoming aswell.
It of course will be more important what Bitcoin does.
If Bitcoin decides to move above major resistance and stay above 10 k, then this weekly and
daily 9's will go into a double count most likely of the TD Sequential.
Let's see what happens!
Cheers,
Konrad
Can anyone explain why my TD MA indicator stopped working?My TD Ma indicator stopped working out of the blue and I have no idea how to fix it, if anyone could help me out with a solution I'd greatly appreciate it! I tried the max_bars_back in pine as the error message suggested but it didn't work.
Thanks!
XAUDUSD//1800 Target// ElliotWave+Fib// Analysis*Target Impulse 1800
˜˜˜˜˜˜˜˜˜˜
2nd wave/corrective
+ needs to retrace to .618 - .786
+ TD Sequencial is complete and a bit over extended, meaning it is due for a correction
+ Stochastic Divergence also indicates a need for correction
+ Resistance/Support, Strong resistance at 1750, Strong support at 1720
˜˜˜˜˜˜˜˜˜
3rd wave/impulse
+ Impulse to 1.618 or 2.618 fib
+ can not be the shortest wave
+ indicators are reset, breathe air is done and ready
˜˜˜˜˜˜˜˜˜
4th wave/ corrective
+ short correction to .236
+ can be very minor correction
+ cannot go lower than peak of wave 1, meaning this wave can be just an R/S flip
˜˜˜˜˜˜˜˜˜˜
5th wave/ final impulse
+ target fib is 2.618
+ approx 1800
Plausible Lower High for Bitcoin CME, 3DAfter the local top at ~14k the sequential perfectly pegged the failed rally to a lower high of ~10k in February. A drive of 9 was completed, closing below TSDT Resistance, but momentum carried the price action through to directly test the TSDT Resistance - which held, and precipated a move low that actually closed below the TDSD Line generated by the Nov 2018 capitulation from 6k to 3k.
From this recent bottom, a TD 9 Sell Setup has been generated without a market closure over the TSDT Resistance Line. As with the first failed rally there is a possibility that momentum carries price action through to test the resistance (approx 9880), but there is a strong bias for that resistance holding.
Response: Wait for signals of follow through (or lack thereof) and enter into a short position with risk management based on the TSDT Resistance. Target would be approximately 6370, the absolute low of the most recent TD 9 Sell Setup
**NOT FINANCIAL ADVICE**
High R/R Short SetupSince the completed TD Buy Setup there have been three completed TD Sell Setups with failure to close above TDST Resistance at approximately $9,000. After the most recent TD Sell Setup PA has consolidated just below the resistance, but with significantly waning volume.
With appropriate risk management based around the TDST Resistance Line, this is a high risk to reward ratio short setup with a target of the TDST Support Line at approximately $7,000.
This setup is invalidated if there is a high volume intraday breakout above the TDST Resistance Line, or a daily candle closure confirming a break above the resistance.
Note- Heikin Ashi candles are employed in this analysis
(not financial advice)
Rising Wedge - Take-Two InteractiveThe chart pattern is showing a rising wedge.
While technical indicators are showing we are below two moving averages 20 and 200 (acting as resistance). MACD, RSI and DMI showing bulls are running out of buying power.
TD Sequential is about to give us a SELL signal with a "red 2", below "red1", below the "green 9".
If the stock market does continue to rise, I think we can bounce off the 50 moving average.
However, If the 50 days moving average doesn't hold, and support fails (around 114-116), there will be a lot more downside to come.
I will look to take profit if I am holding this stock.