ooooooooommmmmmmmm??????the price is in susceptible zone but in long time frame the trend is bearish, because pullback is completed an ma200 is resistance for its
other time frames coming soon.
Timeframe
Bullish Move Upward by BTC!This is definitely going to be one of my shorter post, but I do want to mention that BTC is looking really good right now.
Positive sloping 5-Day Moving Average, extremely bullish ichimoku, and most importantly, BTC has finally crossed it's yearly VWAP!!!
Daily time frame is looking decent as well, we should go to 12k before seeing some resistance and falling back down to the 50 MA, and although uptrend not confirmed, I wouldn't bet against BTC right now.
Just my 2 cents.
The Support Line: EP1 -- Scales: Chart 1This is the chart from our first episode of The Support Line! If you choose the Share button to the bottom right of the chart above (up and to the right of this writeup) you can click share and choose "Make it Mine" which will allow you to use THIS chart, and post it back on the video. You can work with us on some of this and accelerate your learning by following along.
Thanks for stopping by and keep your pencil out!
The Support Line: EP1 -- Scales Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can help and work with you! Here we will talk about some of the more fundamental points of technical analysis, helping us become better chartists. Some of our advanced users may be able to brush up on information here, and perhaps fill in gaps of things they didn't know. Our newer users should expect to build a better base, and have a good foundation for more advanced concepts later.
Please help me out with suggestions for what our next talk should be about!! Leave me a note in the comments, and we'll make sure we get to it as soon as possible! Thanks !
Lets get our pencils out and get to work!
Up or down? What the three triangles say about BTCUSDIn the chart of BTCUSD, we can see three overlaid triangles of different time ranges. This overall picture matches perfect with the otherwise undecided situation.
A triangle is a trend continuation pattern and often easily to interpret. An outbreak of a triangle is usually a perfect starting point for a trade. However, right now, it is not even easy to decide, which trend a triangle stands for and how to weight the significance of the three triangles.
The three triangles.
The big violet triangle is not yet fully completed and it will develop approximately until mid-February. I expect an outbreak at the downside. First BTCUSD will move up to the upper borderline and then move down to the lower borderline where the outbreak will probably occur.
BTC/USD may be forming a falling wedgeIf we repeat the current actions on the daily candles Bitcoin may actually be forming a falling wedge. If so, expectations are a further drop before we accumulate for a run up. Expected price range is $10,140 in the second week of February. It's common for the space to start climbing back up starting mid February as we have seen this pattern over the past few years. What are your thoughts on this?
BTC targets long term, 30K, 50KFib replacement considering the 2 very similar patterns. A bit under 30K is the first target.
Fibonacci numbers detected on the time axis. 3rd wave to go. 1 bar = 4 hours.
The distances between the tops and the bottoms of the latest price movements returns us almost perfect Fibonacci match:
* 13 + 22 -> 36
* 36 + 22 -> 59
* 36 + 59 -> 95
* 95 + 59 -> 154 / 4h = 27d for the 3rd wave
95th bar (ending of the 2nd wave) falls on the 15th of January, so I expect that current movement down can last up to 3 more days and the price can get a bit below $13000. If the price will reverse here, the next upward movement could last for around 27 days and bring us to the new heights. It can be interpreted as the 3-rd impulse wave. The 2nd corrective wave has almost reached the bottom of the 1st wave. The 3-rd wave can be long and powerful.
GBPUSD with big long potentialMy BUY LIMIT setup for GBPUSD. RRR: 10:1 is quite crazy, but it seems real to me in this situation
XRP Food for ThoughtI noticed that the time between runs is decreasing by about a day each run... any thoughts? Also, what could this mean if it becomes less than one day between runs?
USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSILooking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
EURCHF big potential LONGS!EURCHF seems like rising high! Crazy RRR for my setups. Look at the chart ;)
AUDNZD potential SHORT setup on second D and 4H supply retestAUDNZD going down on W, D and 4H. 4H Uptrendline broken on first retest of supply area, also 1 4H demand broken, waiting for retest of supply, which caused it. If so, sell with nice 5:1 RRR.
AUDCAD Bullish PotentialBullish Gartley formation to the bottom of weekly ascending channel and RSI close to oversold conditions. ABC potential completion with divergence on the daily timeframe.
1) Never risk more than 2% of your account.
2) Try to be motionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
BIG PICTURE resistance and support as well as significant eventsThis is a big picture chart looking at resistance and support levels.
The vertical lines mark events.
1st red line is BCH fork.
Next blue line is the start of the first LTC spike
Followed by the green top of the LTC spike.
Then 2 more red lined on the BCG and failed 2X fork.
These are followed up by a blue line 1 month after (same time frame as before) which might mark the start of the next spike on TOMORROW.
The last 2 green lines would be the tops based on the BCG fork and the failed 2X for if the timing is the same as last time there was a bitcoin fork...
I have been hodling for a long time now so I’m really hopeful we will see another huge spike soon.
But honestly I’m hopping BTC does not follow the spike too because I would love to dump all my ltc into btc then ride into next year in btc. Sell off. Then go back to ltc just in time for lightening atomic swaps to become mainstream.
That’s my plan anyway...
