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BTC bullish long-term outlook and correction end (Daily/Weekly)Hello All! While monitoring the current BTC correction, I stumbled upon a very interesting idea from: www.tradingview.com First of all, I analyzed it from volume dynamics point of view. Then I saw some repeating similarities over certain periods of time as well as possible confirmation of classic definition of "previous resistance becoming support (and vice versa)". Even though, this is not any type of Wolfe waves I'm usually working with, but rather pure speculation of "what if" scenario for me, the more I looked at it the more it felt like a real possibility. Thus, I decided to share the final result of my research with all of you. Good luck and great trading to everyone!
BITSTAMP:BTCUSDLong
by OceanBlue
2
S&P 500 Index: SPX Longer Term Gann Cycles - Cycle High and Low SandP 500 Index Longer Term Gann Time Cycles Probably the greatest trader who ever lived, WD Gann , taught us to measure time cycles - from high to low and low to high as well as high to high and low to low - and look for potential changes in trend as these hiddden cycles tend to repeat themselves down through time. Previous cycle highs identified the exact date of the high in 2007 as well as the subsequent high reached in April 2015 just at the point that markets began a 10 month 20+% correction (for more details please PM) . This current cycle marks the period from 20.03.00 high (as Internet v1 peaked) through to the next major cycle low on 06.03.09. From major cycle high to low is 9 years, almost exactly...which now brings us, after a 9 year long bull run, to the coming 23 to 27 days, culminating in the anniversary dates between 3rd march and 10th March 2018... So if the lows of last week are broken on Monday we can most likely expect the decline to last for the next 23 to 27 days, culminating in a major cycle low between 3rd and 10th March 2018. Major markets have a challenging 23 to 27 days ahead of them. Time is piling up. If the SandP breaks below 2525 and holds below here by Monday's close we can expect further pressure on markets until we reach the anniversary dates. It will be interesting to see if Gann's great cycles remain as accurate now as they have done in the past. As always, time itself will tell us that answer. In fact Monday will.
SP:SPX
by sumastardon
1
$AMZN - Amazon is "OUT OF RALLY TIME" using Time@Mode Amazon has rallied for 15 weeks into last week's close after accumulating at the mode back this past fall for 15 weeks. In other words: Amazon has "run out of time". Once Amazon blasted off on its previous earnings report back in October, it kicked off a 15 week rally which ran far beyond the rally that was implied by the previous move from $766 (where it lingered for 17 weeks in 2016 and had a 22 week rally out of that accumulation). A move from $766 to $980 was 29% and the implied rally from $980 was also 29%, but it ran up over 50% (see chart). Now that $AMZN has reached $1498, the PSR reached 4 times (an extreme reading) while the free cash flow yield has fallen to 1%, which means that the $7 billion in free cash flow is only 1% of the $700 billion in market cap for Amazon. Growth over the coming decade will help drive up that yield, but right now that is the return you would earn if you took Amazon private. Using the Time@Mode methodology, together with Key Earnings Levels stemming from quarterly earnings reports and raw and relative valuation analysis, we can see here that Amazon has "RUN OUT OF TIME" on a weekly basis for this rally and would only expect it to move sideways to down over the upcoming 15 week time frame as a new level of consolidation builds as the fundamentals "catch up". For now: It is opportunistic to sell short $AMZN with 5%-10% downside targets. Cover and re-short on 75% rebounds as many times as possible for the next 14 weeks. Tim 12:41PM EST February 7, 2018 $1439 last $AMZN
NASDAQ:AMZNShort
by timwest
19
RSI confirmation. New 60 day BTC cycle has begun! Target 28k!$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then break out. However, some of the time (I do not know what the statistic ratio is? Maybe a comment warrior could help me out here), we will not experience the last wave. This is why I have two orange arrows pointing out of the triangle. We have two possibilities: a) Hit the top of the triangle and break straight out or, b) After hitting the top, we go back down, bounce off of the bottom and then break out. Because of the downtrending resistance noted in the RSI chart, I expect the latter possibility to become more probable. However, as often is the case, Bitcoin could surprise me again and just shoot right through. Revised targets are: #1 - Just short of our last ATH. Take some off here. #2 - $28,000 or the beginning of March, whichever comes first. Why the beginning of March you asked? Check out the cycles again. Notice we are right on queue and headed up again. This means, we should have about 45 days of uptrend movement before we start heading down again for the last 15 days of the cycle and right into mid-March. Always keep this cycle in mind. BTC is pretty consistent with it. Happy trading friends!
BITSTAMP:BTCUSDLong
by stewdamus
4
Time New Bank (TNB) - FIB Extension - (+100% profit)Hey guys. I'm still learning and this is my first analysis. It probably won't close as I'm sure there are things that I didn't consider. I saw one big A wawe consisting of two eliot wawe pattern and the B correction wawe. Supposing it will climb to 1:1 Fib Extension point. Take profits inside the zone. Let's see what will happen, I'm excited ^^ I'd be more than glad to hear expert opinions to correct my mistakes, please feel free to comment. Happy trades to all!
TLong
by matchgrip
3
BTGUSD: Vulnerable to next correction nowBTGUSD Last comment was 6 days ago, back in the mists of time now. In the ensuing 6 days BTG has knocked out some patterns other 'stocks' take 6 months to achieve. Cryptoland is another planet, a whole 'nother world. We were buying this at 212 6 days ago and locking in last profits at 250ish before the decline gathered momentum, only because the chart told us to. If you follow the chart and not your weak/strong heart you will stay out of trouble a lot more often than by following your sometimes emotionially unstable heart. It becomes unstable under pressure and gets too damn strong when price surges. It's unstable, no? Ask yourself, does your heart do this to you? Well congratulations: you're HUMAN ! So if you know this anyway already all this will do is confirm what you knew already - but sometimes find it hard to do...follow the chart and never your heart. On repeat, like a mantra...patterns not passion. Patterns not passion. So easy to say and so difficult to do sometimes when price comes back at you from underside once broken. But your heart must be mastered. You are in charge of it, not vice versa, after all. So BTG has just had it's little counter-rally on back of Bitcoin doing the same and now it's likely time to fall away again, to 216 -210 minimum - and if this gives way, to 193, with stops justa few points above the upper parallel for smallish loss if wrong. BTG only turns back to positive once the parallels containing this impulse wave are broken through to the upside. Only then can we return to bullish, looking to get long on the retest of the upper parallel once broken to the upside. Only then does BTG flip/reverse, and we must too if the chart gives that signal.
BShort
by sumastardon
7
Bitcoin: BTCUSD Decision time for day tradersBitcoin BTCUSD Decision to make here for day traders and others if running a decent profit today Trying to hold up off a tiny line of support that once broken should lead to an acceleration to downside and help achive the minimum downside target at 6312....so tricky here with spreads...if short and day trading from th sell point at 6943 we should be oK, but some might consider a stop not too far above 6830 to trap in 100 points or so ..it can whip back higher to the break level at 6943 one last time, potentially...it's not easy to decide with spreads so wide, though. Whilst below 6943 it's still in a bad way but if continues to hold at the lows it's obviously running out of short term sellers and can stage a quick counter rally. Alternatively a take profits now at the lows but be ready to short again hard on a break below 6700 aiming for 6312 minimum downside target
BITSTAMP:BTCUSD
by sumastardon
Brent Crude: UKOIL Time to close out longs and consider shortsBRENT CRUDE: UKOIL Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here, think it's the right thing to do with stop above 64.70 in case Opec deliver a surprise for once. It certainly was last time we tried it. If they do, Brent could rally just above the high today, take out stops nearby and then have a problem again...need to be careful, therefore. But usually it pays to sell before the news...
FX:UKOILShort
by sumastardon
Headline: Ethereum Betrays Arrow of Time, Physics What is the Arrow of time: "the fact that the past is different from the future. We remember the past but we don’t remember the future. There are irreversible processes. There are things that happen, like you turn an egg into an omelet, but you can’t turn an omelet into an egg. And we sort of understand that halfway. The arrow of time is based on ideas that go back to Ludwig Boltzmann, an Austrian physicist in the 1870s. He figured out this thing called entropy. Entropy is just a measure of how disorderly things are. And it tends to grow. That’s the second law of thermodynamics: Entropy goes up with time, things become more disorderly. So, if you neatly stack papers on your desk, and you walk away, you’re not surprised they turn into a mess. You’d be very surprised if a mess turned into neatly stacked papers. That’s entropy and the arrow of time. Entropy goes up as it becomes messier." Sean Carroll (theoretical physicist at Caltech) How did Ethereum Betray the Arrow of Time Ethereum turned back time on the DAO attack. While it may be nice to think about a world where we can turn back time and simply hit undo the ramifications of our actions are real they play an import role in our experience of the world, our sense of morality and community. The whole process in all directions as far as we can extend our sights into the depths of space is based on the passing of time. To betray the simple principle of the passing of time and its finality means that Ethereum has betrayed physics and our understanding of how every part of the universe behaves. Why this actually makes Ethereum Useless Ethereum use cases are mostly a huge liability for the network and token holders. Some think that implementation of Fiat currencies or Amazon dollars that use Ethereum will make its value go up however I think it would be a very short time before we saw situations similar to the DAO attack. How can Ethereum be used to represent Gold or Real Estate if those things which cannot be physically reversed in time can be digitally reversed in time. Nobody wants to go to the bank to find out their transactions have been reversed. A smart contract is supposed to be a promise, the DAO was supposed to be a promise but it got broken. Friends dont break their promises.
COINBASE:ETHUSD
by Emperor_Penguin
5