Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun!
Now the Median Line per 1.2.3. been shared for the first time here
The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well.
Here is another update of the same pattern:
Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones.
The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance).
This Median line been shared for the first time here:
and then here:
but the most important been this one
Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future.
The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here:
The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors.
Maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
(Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
Tothemoon
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases.
In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog!
Maybe U can use the levels in this chart to track the future price fluctuations.
Enjoy!
This chart Update of
and
Even more Bottom Calling on BitcoinTLDR: This and my linked post make a very strong case for limited downside, accumulation and reversal for the next several years. Don't get stupid with margin trading.
Analysis
I use the gaussian channel to find when an asset is undervalued for chosen time frame. Bitcoin has a history of going sideways under the gaussian channel and so far has never returned to levels below the Gaussian channel when it reenters and the channel has gone from green to red. Very simply price under a red gaussian channel means accumulate. Eventually that will not be a workable strategy but so far the logic is solid.
The On Balance Volume with EMAs is a great tool to look at what is happening with volume over time. The indicator lets you set three different lookback periods and you can customize it to look for crosses to show when buy or sell pressure has shifted. I have made some mistakes with the OBV because it is hard to do some analysis on assets that are continually printing new "coins" like bitcoin does so you can't exactly use to look for divergences over large time frames.
What you can do, however, is notice when the On Balance Volume is under a long term ema, like the 100. That symbolizes a whole lot of selling pressure and it suggests that the selling is about done.
If you want to be a investor I suggest you do some tinkering with the On Balance Volume with EMAs because you can notice a a lot of things. On the chart below I have added the 150 EMA in red to the 100 EAM in green. In 2015 to 2016 the OBV was pinched between those two EMAS while the price action bottomed and made beautiful W pattern. That happened again at the low in late 2019 and early 2019. For the C19 dump the OBV lanced through and then recovered.
Right now, the OBV is below the 150 EMA. That has never happened before. This is literally one of the best buying opportunities you could ever find for bitcoin using a simple OBV strategy of buying under a long-term EMA. It is as simple as value investors looking to accumulate under the 200 week on a asset they believe has the ability to recover, or people buying the base of the monthly Bolling band or kelter channel, or buying when the RSI has fallen below 20.
And the RSI has fallen below 30, and it has done so bullishly! The RSI is lower now than it was during the dip in late 2018 but the price is currently much higher. A higher low on price but lower low on the indicator is hidden bullish divergence and it can mark great long term buying opportunities. Hidden divergences suggest price action will continue in the direction it was going when the divergence formed so in this case we would look for bullish continuation, or a higher high.
Divergence Primer
Classic Divergence (Trend Reversal)
Bearish: Higher highs on price action but lower highs on the indicator
Bullish: Lower lows on price action but higher lows on the indicator
Hidden (Trend Continuation)
Bearish: Lower high on the price action and higher highs on the indicator
Bullish: Higher low on the price action and a lower low on the indicato
For target setting I continue to think there will be major consolidation at the 2 level and a top at the 2.618 level from the draw on the chart below. You see that rising wedge formation? Guess what, targeting suggest we will go to the wedge apex then price will spill to the beginning of the wedge and bitcoin loses almost all of its value. What a hell of a ride. My linked idea will show I have been watching for this wedge to act as support for a while. There is a chance that price falls out of the wedge now, which would be painful, but we can limit that loss with stop losses. I don't see that happening right now on account of the bullishness I articulated in this post.
There is a rising wedge on Ethereum as well.
Linked ideas
The linked ideas show a lot of bullishness in the market, whether it be ideas looking at similar indicators, or massive bullish patterns on other cryptos. and it really helps steady my hands going forward. Hopefully they will be of some use to you as well.
Scalp-Long on BTCThe BTC graph shows trend lines that identify a bullish trend. In fact, price action is close to the trend line resistance showing already reversal signals. Moreover, BTC is technically oversold with a 30 RSI, suggesting good moment to buy at discount. Furthermore, the divergence between MACD and signal line is getting tighter suggesting a possible crossover from the MACD line, thus momentum may changing in opposite direction. For this reasons, we suggest an entry position close to the trend line support at the price of 19710$ with a target price at the resistance line at 22126$.
$WTER Swing Trade Strategy & longer position There is strong support a bit down of 0.38 - 0.40 and It is given a good margin going to 0.51
This stock has the news with its side and the analysts ...
A beverage co. in the summer period
big Shaquille O'neal promoting this co. as an investor and Promotion Face
I do reccomend this stock for a bit longer but not higher than 0.7
Trade AlertTraders,
Stepping into the waters here as BTC.D chart shows us nearing resistance, meaning that ALTS could play catch up here a bit.
Entry = 3.01
SL = 2.57
PTs = 50 day, 4.50, and 5.17
for a 4.62 R/R
Best of luck all,
Stew
P.S. - TradingView subs you missed my last video here due to TV tech difficulties.
#ALTS MARKET CAP ANALIYSIS !!welcome to this quick update on the TOTAL analysis.
I have tried my best to bring the best possible outcome in this chart.
A very good position for ALTS!!
It broke down descending triangle, retested successfully, and after that, we have seen a drop in it. Currently, it is holding above its horizontal support. RSI is in the oversold region. An upward movement is expected in ALTS from here while a sustained breakdown will confirm the further bearish trend in it.
Sorry for my English it is not my native language.
If you like it, hit the like button and share your charts in the comments section.
Thank you...
New stock on the watchlistOkay so a new stock that I will be putting on my watchlist is Twitter. The thing about this is just because we have Elon now invested into it in a big way with over a 9% share and the biggest shareholder that there is now.
We know when someone like him does something like this it is a calculated thing when you invest this big amount of money. So he is also looking to make money out of it there was a big time that was spend calculating it and if this company was the best investment that he could make than I think that this company could be going to make some more big moves.
We do can also see that the last 2 earnings that we got from this company are in the red and did not meet the expectations that the market was thinking it would do. The thing we now need to look out for are the earnings that are coming out once Elon is fully on board so we can see if he really would have a big impact on the company.
What am I waiting for?
I am now waiting for the company to drop a little more and see if we can reach the price before we got the news that Elon bought the stocks. If we could get that price then I think that we could really see a big profit coming out of this investment. So that is the reason why I am not investing now but waiting and putting it on my watchlist.
It could also be that I invest before it reaches the price we got before the news but when I will be doing that I will update this idea and tell you guys about it.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
This is the moment of truthIs Bitcoin part of a big conspiration to reduce the amount of dollars in circulation? we are in the range to ensure a HUGE bounce initiating the way to 70K again without any pressure, but first we need to reach the 24600 to 24560.07 level, bitcoin under that levels should be technically broken. but yesterday night moves just makes me think that everything it's ok.
BTC AT 28K IS INEVITABLE. By wasting so much time staring at my chart since the start of the year. Trying to figure out when will be the next pump. Well folks, i therefore conclude that, we will not see something like that again till NOVEMBER 2022. So hold tight, uninstall every crypto related apps and book trip to Himalayas or any sacred places. Retreat, train train train, mentally, physically and psychologically. Good day everyone.
$AMC to the moon?Basically yes, you can see $AMC reaching the $60 level without any problem, i want to put some fact in the table, punished stocks after earnings are those which have problems with the supply chain and distribution costs increased by the prices of oil and nat gas, in the case of $AMC, they don't produce nothing, they are yous waiting for you to seat in a dark room to watch the most incredible movies and events, so, i think this is a derisked stock.
Bbig squeeze!!! Get readyBbig after pumping in demand zone which it does so well after creating a double bottom is now at our first resistance really impressed by how we held our gains today so if we break 3.46 it only makes sense that it’ll do what it usually does and to 4.08 then 5.30 and if we break those I’d be surprised if we don’t hit 7.50 #bullish #shortsqueeze