Timezone
Litecoin - possible entry approaching - timingQuick idea - Using the fibonacci time zone tool and placing the first two points on the start of an upward wave and on the end of the low,
we can see how perfectly the other vertical lines have lined up with other future moves. The number 13 vertical line is fast approaching, which
may indicate the start of the next move. A great wait and see for a potential 8%+ long. Have a stoploss just in case it breaks down.
It looks positive from my opinion with an oversold rsi on the 4h and potential macd crossing over, and that it has slowed down and gone sideways
on this level of support. I had to share just because how perfect the time zone tool has played out on this application. Best of luck.
Feel free to share ideas below.
BTC Bull Run December 10, 2018*Some of the previous charts I am referring to have been posted on my twitter account and links will be in the comments below.
The Trend-based Fibonacci Time Extension tool that I have plotted on my chart has been spot on with the next sequence beginning at the start of the next Weekly candle on December 10, 2018. Furthermore, on the Weekly, the Stochastic RSI is approaching a Bullish Cross at the very same time as the next Time sequence.
As noted in the first tweet mentioned in my comments below, the first time that I talked about the Time Extension date of December 10th is back in September and the price projection has been spot on my target at the current level, as seen in the chart below...
I expect a Double Bottom of the low by the close of this weeks Weekly Candle (December 9th, 2018) followed by a Bull Run to the 5400-6000 range before continuing down with the final stretch of the Bear Market to a bottom somewhere between the Support Levels of 3000/2500/1800/900 - where exactly I cannot say at this time but these are the major support levels below here.
Again, please note the tweets in the comments section below.
BTC - Bullish Scenario - Short TermIt has been a while, so first I would like to thank you for reading this post. As always, I welcome any positive constructive comments and points of view I may have missed. To be clear I am bearish mid-term (4-6 months), and bullish long-term (+1 year) on Bitcoin...and I have been quite bearish for a while. Earlier today I was working on some quick TA for a tweet (I will post the link in the comments section since there are some charts in it that were not saved that are pertinent to this post) and I noticed a few things that peaked my interest into making this analysis, so here we go...
In the chart below we can see the Fibonacci Time Zone tool, which has been pretty on point...the next Fib Time Zone is December 10, 2018...
In a look closer on the Daily, over the past 8 months, we can see where Divergences have built on the Stochastic RSI...currently BTC Stochastic is at the base of a completed double bottom with a bullish divergence...
With a complete bottoming out of the RSI on the Daily...
An RSI that hasn't been this low since August 16, 2015...
And not nearly this close since August 13, 2016...
Godmode on the Daily has fired long with a bullish cross...
Now the following two charts pertain to my bearish tweet (linked in the comments section at the end of this analysis) from earlier today prior to the Weekly close, and in comparison we can see a fast and significant drop in the Godmode leading indicator...
and Stochastic RSI...
...which are breaking down bearish with little movement (currently) from BTC's price in the same direction. This potentially signifies a local bottom in or near this area...
And, finally, on the Weekly we see last weeks candle bottom broke the lower Bollinger Band and price is currently moving toward a second break for a double bottom...the last time BTC came even close to the lower Bollinger Band it saw a price increase of nearly $3000...
Locally, on the 4 Hour, the Bollinger Bands have tightened, with an oversold Stochastic RSI and a bearish cross on the Godmode...
Price is already beginning to break to the down side for a double bottom lower Bollinger band break with Stochastics and Godmode moving towards a bottoming...with this I am looking for another downward move toward the 5300 level for a double bottom...
...this move could very well take all week to set up, bottoming out the indicators, or, with how swiftly they have been moving it could happen in 24 hours- your guess is as good as mine...
...but after that move, with Daily's and Weekly's coinciding here I am inclined to think an abrupt, and unexpected move by many, up towards the 7300 level is in fair play...
My overall outlook on Bitcoin remains the same, with an end of the bear market nearer to the $3300 level...
...but these signs are telling me we may need to wait a bit more for that...updates to come.
This one is just to annoy FuzzyhobbitThe dev of Rubycoin is known for not trusting technical analysis. That is one of the reasons why he is making his state of the art bot.
Here is something to take a look. BTCUSD Bitfinex analysis. So, i've added:
Purple horizontal lines each $500
Yellow vertical lines - 9:00 am (UTC -8) NYC
Blue vertical lines - 9:00 am (UTC +5) HK
Fibonacci retracement build by $12k and $9k
Blue fib speed resistance fan from beginning of current growth trend and height of current trend
Red fib speed resistance fan from beginning of current growth trend and first height of current downtrend
What is idea, to take a look on BTC dependence of different time zones and to find accurate fibonacci.
This is just a beginning, so just copy it and leave something comments below if will find something interesting.
I'am going to share all thoughts, so stay tune!
2 words about current situation, so, i've added a 9583,7 level below which the price should not fall, but we have to keep on mind 8300-8000 level, I hope that I'm mistaken, but anyway.
GL.
ADA shows continuation of a bear market and will drop some more ADA is showing signs on both the trendlines, Fibonacci retracement and Fibonacci time zones that it will continue to drop for at least another 4 days if it breaks the 4934 SAT trend line. Other markets show signs of a similar correction and the end of this bear market may be the end of this week but then again, the January Red Sea is know to have some overlap onto February. Keep your hands steady, each year ends better than the one before.
EURUSD bounce back from strong support area- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement.
- RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart
- Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything
- Buy stop set up between my Trend Line and the 1.000 retracement level
- S/L 20 pips below the 1.272 retracement
- T/P on the .786 retracement level
BTSBTC 594 days long fight against a linear regression downtrendThe +2 deviation line was touched but shortly left unbowed. A quick observation of a market timing advises that a positively solved btc debacle might have some bearing on this scenario, notwithstanding, one thing remains static no matter what plot develops around in the btc chart. It's location of the 89 timezone. Being a predefined invariable, it sits tight in the future that is yet to come, waiting for the bulls to outbalance the bear thrust in this 594 d declining regression trend. Ideally, uncertainty coupled with flames of passion flaring up in the btc subreddit would solve all the problems here, and 89 timezone sets a key turning point in this story giving the market 30 days to make it out of an established regression downtrend. In the worst case scenario with sellers jumping the shark again it would get dimmed to dull embers though its deemed normality to get slapped one last time before a new uptrend sets in. The narrower the trading range is, the more problems there are with keeping it in the same tight room. Pay attention to time, if a green support zone gets pierced through before 05.03 +/- week bts could lose up to 95% of its present value.