Get started

TOTAL2

Butterfly Strategy Pt. I: The ReboundAn important update for the cryptomarkets! I have been wrong on my previous analysis if the crypto markets were bearish or not. As you can read in that analysis; there was no news and no reason for bearish momentum. Unfortunately this has changed... Evergrande & Fed tapering With China Evergrande fiasco we now have another bearish trigger for the worldwide markets which is in confluence with my previous analyses of the S&P 500. I might have to remind you; but I did say; look out for the black swan! This swan might be arriving now and with the FED meeting this week and possible tapering of their bond program (they will stop buying bonds); it is likely to see interest hike up and consequently funds will react with a defensive position. What does that mean? It means big fund managers will take profits on risk assets (stocks and crypto) and roll them over into bonds, forex and potentially gold . If we get a default on Evergrande we have a problem where (simply said) there's a big debt gap that needs to be filled with funds (profits from the markets?) that creates a "gap, a whole or a dump" in the risk asset markets. Butterfly Strategy I call this the butterfly effect and subsequently I make this "my own" butterfly strategy . What it means is that I look for confluences in: fundamentals, news, technical analysis , market makers perspective, retail investor's behavior (market sentiment) and long term corporate strategies / investments and federal / central bank's policies. It's a whole lot and it's not easy to get the big picture or know everything there is to know. However; you can know a lot by researching what is going on and constantly re-evaluating what is going on and what is likely to happen . This means, that last week I can be bullish and this weak I can be bearish . Some might say that is nonsense and you should choose a direction and stick to it; yes that's fine for long term holders. But I am trading; mostly swing trades from a few weeks to several months in either direction and 98% without leverage. For me that works just fine, for others it doesn't. Just see what works best for you. For me it means one thing and one thing only: I cash out only in profit and when there's confluence of downside across the board (let's call it a butterfly lift off) and same for buying: bearish times that are flipping towards bullish times. Technical analysis Given we are trading below the 50 day EMA and dropped below the golden pocket (0.618) which both could be acting as resistance; we might have not seen the end of this dump. Historically; losing the 50 day EMA and/or the golden pocket in confluence with the bad news, bearish divergences, a "smaller" wyckoff distribution, possible fed tapering, interest rates, S&P 500 turning bearish , investor's sentiment crumbling towards fear, a lot of profit in the market and a market maker that profits from lower prices for the futures expiration this friday. That is a butterfly taking off. It is to be seen whether this bearish butterfly get squashed down by the bulls or it opens a can of bears and sell pressure. We don't know anything for sure but we can add up all possible confluences which make the Butterfly Strategy a powerful method to use. S&P 500 topped out? It looks like the S&P500 is topping out at the top of my box and at my estimate of 70%. Its an analysis from a long time ago and it are these moments that I can refer back on them and find the confluences I am looking for. As of now, faith seems to be lining up but nothing is for sure in the markets - we are always anticipating multiple scenarios. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research. NOTE: you can read my analyses below and see where I am warning for news, a black swan event and the top of the S&P500.
CRYPTOCAP:TOTAL2Short
by cryptobullethbtcxlm
13
BTC/USD (Daily Mid Support Hit)💎Technical Analysis Summary💎 BTC/USD -Bitcoin hit the mid support around 40k dollar zone -This area is a confluence of the 100D MA and Fib 0.5 -We can see the price reacted bullishly on this level -The bulls immediately bought the dip within few minutes -This is a good short term strength but still not enough -We need to see BTC holding above Fib 0.5 for at least 3-5 days -To confirm our bias that this area is establishing a supported territory -For now, I'm patiently waiting for BTC to show more strength -Before potentially entering new swing trade ideas -Always take note that trading is not a race but a marathon -Good luck everyone and keep safe ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
6
BTC/USD (Test Important Daily Support)💎Technical Analysis Summary💎 BTC/USD -Things went bad for Bitcoin today as the price is back at the neckline support -The price declined by almost -14% from the Right Shoulder swing point -The overall market received a negative impact which leads to multiple stops out or liquidation -I am technical out of my swing trade positions at a small loss today -Getting stop out is always part of this game, you just need to know when to exit and re-enter -If this bearish pattern will continue in the coming days, the potential next support is around 40k dollars -Guys, be cautious on your next trade because the market is looking bad in the short term view -Make sure to strictly follow your cut loss level and limit your portfolio allocation -Risk management is very important during this time and trade discipline -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
11
BTC/USD (New Short Term Strength)💎Technical Analysis Summary💎 BTC/USD -Bitcoin broke out of this bullish descending channel today -As the price reached as high as 48800 dollars -The previous 46k dollar resistance area did turn support -If BTC can hold above 47k dollar, I think the chances to go up increases -My short term upside target is up to 49.7k-50.4k dollars -For now, everything is looking safe even the Altcoins are showing good signs again -I am looking to add another position if I see confirmation in the coming days -Good luck traders and stay safe ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
6
Possible breakout in the altcoin marketSo as we can see here, there is a pennant forming in TOTAL3 (altcoin market excluding ETH). It's basically the same in TOTAL2 (altcoin market with ETH), but there are more points to the upper resistance trendline on the pennant in TOTAL3, so I thought it was more accurate. As this is a continuation pattern, it's most likely to have a breakthrough. In that case, taking the height of the flagpole to a possible breakout point there would be 60% gains until 1.4T market cap and a massive rally till the end of the year possibly. If there is a breakdown, there would be a 60% drop in the market cap of alts an we would continue to be in a bear market. Even if there is a breakdown we need to watch the 20 and 50 daily EMA because if the PA breaks these supports and the 20 crosses the 50 that would confirm the continuation of the bear market. In addition, if you look at the PA, it is very similar to the period from December 2020 to February 2021, and after that the bull run continued. This is not financial advice, DYOR. Don't listen to an Explosive_Cow ;) If you found this helpful drop a like and a follow if you want to see more of my ideas :D
CRYPTOCAP:TOTAL3
by Explosive_Cow
BTC/USD (Daily Fib .382 Still Valid)💎Technical Analysis Summary💎 BTC/USD -After an extreme price action yesterday liquidating both high leverage long and short positions -Bitcoin today is showing a little strength as the price is trading above the MA50 and MA200 -This is a good sign to the market because I can see some mid-cap to low-cap coins are recovering -If BTC can maintain above 46k for the next 3-5 days, I think that is a good swing entry for altcoins -On a daily market price structure BTC still respecting the Fib .382, this will be our key guide -As long as BTC can defend the 43k-44k Fib area, the bulls will always have a chance to bounce back -But take note because every bounce back recovery is a different story -So please always be cautious and follow your trading plan strictly ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
Crypto bearish?! No, everything is fine!After a nice and long summer holiday I'm back for you all to help you out here and there to understand what is going on in the crypto markets. We have seen 7 consecutive green weeks and thus its time for a correction. Should you panic!? No. Market maker vs. leverage and stop losses The total crypto market (altcoin market displayed above) is looking very bullish regardless of the fast correction from this week. Traders have been stacking longs with high leverage and high profits and of course at some point its time for the market maker to bag his profit . Each time these fast corrections happen the same emotion is triggered: fear. With exchanges running low on ETH supplies and in general having sold truckloads of any coin, its is normal the market maker needs to bag up again. Fear is the perfect instrument for that together with a solid algorithm that hunts liquidations and stop losses. I haven't checked how many bulls got rekt on this dump but I bet there would be hundreds of millions of liquidations and that is free crypto for the market maker, which thanks you yet again for not taking profits or going long at a local high. Now, after a quick look on tradingview, it looks like most retail is going short right now, which is again a lovely deal for the market maker. Why? TOTAL2 to 2 trillion Well I expect a bullish reversal on Monday with the weekend providing choppy action. We could see some more downside to get rid of weak hands and in general provide some more liquidity to the market maker's longs. Yes he went long all the down from the previous highs back in April / May and he's building longs as we speak. I expect Monday or latest Wednesday for the market to reverse to the upside unless there is big news that prevents a bullish scenario. On the bigger timeframe we could be seeing something like a cup and handle forming although this is far from confirmed but it is a pattern I am looking out for. I do expect altcoins to smash their previous total cap and head for the 2tn mark. From there we can re evaluate, for now there isn't much to do in this market; I suggest you have a nice weekend and come back on Sunday night. :) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research. MORE INFO: have a look at my previous analysis on why trends always reverse for further reference.
CRYPTOCAP:TOTAL2Long
by cryptobullethbtcxlm
11
BTC/USD (Daily Fib .382 Acting Support)💎Technical Analysis Summary💎 BTC/USD -Bitcoin today's price action is still respecting the Fib .382 support area -The 50D Moving Average again acting as a dynamic support range -The bulls need to act fast and regain above 46k level to bring back momentum -If we want to see any signs of strength, the faster the 46k is regained the better -At least 2-3 daily candles above 46k level is a good sign for the short term -Regarding the Altcoin space, some are recovering fast but most are stagnant -There is no clear path for Bitcoin as of the moment -Please be cautious and use a proper stop loss if you are in a trade -Because if things go against you, you will only encounter a small loss -Good luck traders and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
8