Trends
Bitcoin Trendline Correlation 2011, 2014, 2018 Interesting perspective of important historical trendlines
Is LTC about to die?!Things aint looking very good for LTC.
Currently cant even touch the bottom of the downward channel we are in without crossing into a negative price range.
Probably best to stay away from this Crypto currency until we have the a real confirmation of uptrend, if any that is.
After a nice short, here's Traders Guide To The Bitcoin Long.Had a beautiful short we played here:
But now we're looking to the future. Let's long at this 4hr level. Maybe we win. Maybe we rekt. Maybe your face.
Potential Long Position For The SNPThis is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February.
I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500.
Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
The importance of the trend: SAR indicatorHello all,
I could talk about price or something, but I'm not in the mood for that today. Instead, I'd like to share with you all how I use the stop and reverse points (SAR) to identify trends and give me an edge in trading.
Of course, we have all heard the phrase, "the trend is your friend." Well, it's true. Of course, trends break and at some point following them can lose you money, but in terms of the big picture, following trends is pretty wise: you will be right more than you are wrong if you manage your downside appropriately.
There are a few metrics to identify a trend objectively, and one of them is the SAR indicator I am using. If you had solely been trading off of this indicator, you would be doing well for yourself. Of course, this doesn't always happen in every market this well and it's not perfect like anything else, but it is a very good trend indicator.
When the dots are above the price, that means you are in a downtrend and of course, if the dots are below the price, then you are in an uptrend. This is extremely useful and tells you the following: if you are betting against the overall direction of the SAR, you are probably wrong.
The SAR is therefore a great tool to be using to see if you have a correct outlook in terms of the big picture.
In terms of what it says in this chart, it is saying bitcoin is bearish... well no shit, but look at when it first started saying it was bearish: price was much higher. If you subscribed to the narrative that bitcoin was forming a smooth bottom and was about to moon, this would have been a great head's up. This is a big reason I was able to see this large crash coming and avoid accumulating bitcoin spot at $6,000. Of course, I looked at other factors, SAR just is one of them.
As you can see, I was leaning bearish and I saved my ass a ton of money as a result because the price then plummeted 50%. Risk management is a thing, but if you are like me and are looking to accumulate bitcoin at certain levels, then maybe 6k would have been one of them. As a result, you would have been dead wrong.
I am not a genie, I do not make money by being able to see the future, I am successful by doing the following well:
1. Not lose money (you can't bet the house on a trade)
2. Get into trades that give you a good probability of winning
SAR is a tool to help you do the second.
Hope this helps,
-YoungShkreli
ADAUSD - 1D Chart AnalysisAfter it has dropped in November from 0.0706$ to 0.0388$ and it has registered a decrease of 45.04% (or 0.0318$), the price of Cardano has started the current month with the right foot.
The RSI had a slight return from the "oversold" area, the Stochastic has registered a crossover on the 1st of December followed by a small increase of teh price, which was also confirmed by the MACD as long as it's Moving Average has "jumped" above the Signal.
The contradiction comes from the lower trading volumes compared to the previous days and also from the Doji candlestick which was created yesterday, with the price finishing the day at the same value of 0.0419$ as it started.
Traditionally, there are some circumstances in which it is considered that a Doji candlestick is showing the market's indecision or a possible change of the price direction. But this doesn't seem to be too relevant for Cardano as we could see the same situation on the 23rd of November and the price just continued the drop.
Overall, it seems that without any news which can stimulate the trading volumes, the price has big chances to start moving sideways and to stay between the Resistance Level of 0.0464$ and the Support Level of 0.0398$ for the following days.
Trend lines. Simple, yet powerful.We just saw this large drop in the last day which has hopefully found a new bottom on the green trend line, but I would not be surprised to see another drop to the yellow trend line in the 4500-5000 range in the near future. My opinion is that there are potential short term gains from this point, but you still have to be cautious.
Canopy Growth's position in the industry.Canopy is one of the most well established Cannabis companies out there. They mainly focus on the distribution of medical cannabis. They have different products in their portfolio, from CBD concentrated pills to CBD oils.
The last couple of days its stocks have been in a bearish trend, but it seems now that they have reached the MA 100 with a bullish candle. If my prediction is correct, its stocks might keep increasing in price.
PD: Keep always in mind that Cannabis stocks are very volatile due to the current fragility of the industry. A lot of variables will still be present, coming regulations, market and consumer experiences. Also, controversy with its legalization will create ups and down because there is still some stigma in different societies; as to research that could suggest that its legalization might not be as positive if not structured accordingly.
ROAD TO $100000 - Logarithmic Forecast - FULL MOONbitcointalk.org
Bitcoin to trendline from $5800 to $100000 (100K). This is longterm chart for the bitcoin.
Bitcoin history:
Bitcoin moved from $0.50 to $1000. the correction takes almost 637 days. In the next cycle X to Y bitcoin moved to its all time high 19400 on Jan 2018. The correction period from X-Y is settling at 336 days, half of the last correction.
Next Cycle (Road to $100000). The clear view is adoption of bitcoin will increase to 5 % population and bitcoin again hit to all time high (look at A to B). Possible Time (2021)
Furthermore the the correction cycle will reduce between 140 to 150 day.
The Red Arrow: $ 500,000 to $800,000 : Bitcoin will the top market cap with over 9 trillion. (Possible time 2027)
Hit your views through comment and share..
Thanks.
Blowing up accounts can be a good thingIn this screencast I show some of my positions which are mirrored on my live account. I say that blowing up Tradingview paper accounts is a good thing. The present account has not been blown up for about a year, which is much better than before. I used to blow up an paper account every 3 to 6 months before. It's a very safe space to gain experience, to fail repeatedly but learning from the 'punisher' (the markets).
I show a couple key positions and how I thought about them.
I assert that a bit of common sense is useful when you know the characteristics of the instrument you're exploiting. But learning how each instrument tends to 'behave' can only be discovered by spending time and interacting in the markets. So I don't trust Wall Street - at all! I'll tighten my stops more aggressively if I'm in a very favourable position. Same for Yen pairs and Gold. USDJPY is relatively tame compared to other forex pairs just from my experience on 4H time frames.
I'm delighted to point the way for new traders. PM me questions if you wish but I don't give advice, sell signals or courses/services, or give hot tips. I believe in facilitating new traders to discover their own best methods which match their individual psychologies.
HAIR, too late? We might get another chance!This started to take off mid day today.
I already have two positions but looking for a third on a pullback.
My first entry was near the low of October 15th which was a test of the bull trend line.
Got a second entry near the low of October 16th which also tested the bull trend line and made higher lows from the day before.
Looking for a third entry on or near a retest of the close from October 16th, identified by the box on the chart.
It might not make it there because we've established a pretty good battle ground, as seen by the heavy volume profile near $2.15.
Ideal profit target would be along the first trend line, with a possible reentry if the trend line gets broken. We will see when that time comes.
As always, practice safe risk management!
USD JPY Patterns idea for going long?I went long at the yellow highlighted area where I hoped it would keep the bull trend going. The last two purple highlighted areas seemed like a on going pattern where the third purple area near the yellow, is doing the same thing where I predict it may follow the dark green and dark blue lines, getting as close as it can to 113.000.
If it does not go that way then it may follow the dark red line becoming a bearish trend, maybe a twin buy for a come back.
Strong Resistance can mean strong support Here you can see where each time we hit a new resistance we dropped down to the 6000-6300 range and snapping back up breaching resistance and making a new support . we then retrace back to 6200 area before snapping back past new resistance to make a new support . 6800 has proved to be a challenging area for us last month and even last week we dropped down to our 6000 range before "snapping" back up past 7400 which has been the fall off point since early September. i think this 6800 will act as a new support going forward and 7400 should be our new resistance . lets see if the cycle repeats itself there are alot of bullish indicators and I do believe we have strong support at 6000 area.
SELL I think that this pair will be a long term (2 week) sell. It is consolidating so I will set a sell stop and review my trade once it is complete.
Here is a longterm price analysis of BTC. Lots of data in here..BITSTAMP:BTCUSD
I put together this long term BTC chart to analyze the price action and seasonality. There are definitely some interesting data points. Check it out and let me know what you think in the comments!
Here are some highlights...
Q4 Performance %
(daily closes)
'11 - 1
'12 - 8
'13 - 509
'14 - (60)
'15 - 86
'16 - 60
'17 - 240
'18 - ???
October Surprises!
(ranges in %)
'11 - (65)
'12 - (27)
'13 - 143
'14 - (35)
'15 - 43
'16 - 19
'17 - 56
'18 - ???
Happy trading!!
LVMH MC LongTraded within the light blue consolidation.
Reached the support that has proven its self on several occasions
Bull leg coming
MONERO XMR 150$ PRICE TO WATCH? lets find out..BULL or BEAR?Monero (XMR-USD) : has been a long journey down the channel, since that peak on March, nothing has been green here..The anonymous coin that launched a new way to pay the black markets, has turned RED!
Troubles over and ready to jump up to bullish territory? let's talk about it..
Why are we so interested on XMR? it has a reputation, many transaction are actually real payment between people and thats a huge must, is not just speculations, it is the real purpose of a coin,
the coin is at the moment present on 93 Crypto exchanges (coinmarketcap.com) and that's quite interesting as well as makes it a very popular coin (ranked 10th)
The technical analysis on the other side is not that great:
Huge resistance at 150$ makes it almost impossible to jump out without expecting some battles at those levels, but the increase on Volume on 1st sept could be a possible Descending Triangle ends, that could allow Bulls to push till 150$, but then indicators as RSI shown already not too much steam (almost oversold) that's why we expect the resistance to act accordingly.
After this touch there could be interesting opportunity on the recovery of this coin. Might take time, and we recommend to watch out possible support levels at 84$ level , if support work solid and Volume increase, could be a nice opportunity to jump on the Bull side and broke the 150$ resistance, otherwise if not supported by volume a possible crash to lower level is possible.
Hope this will inspire some new ideas, don't forget to hit the like/follow button if you feel like this post was helpful, that's the best way to support us and our work.
Happy trading days
C-Monkeys
AUDUSD back to 0.75 - Gann and Financial Astrology189-day Gann cycle, strong trend reversal. Tweezer bottom on daily. I'm not a big fundamental/news based guy (I don't believe it matters) - but the new Prime Minister, Scott Morrison, is apparently better for the markets than Mr. Turnbull was. Regardless of the reasons, the trend change was already identified a while ago and price is catching up with time. In this case, there will be violent rise higher from this zone.
Not surprising that there are significant bullish Financial Astrological conditions here (I also posted these as an update to my Bitcoin Mirrored Foldback idea - )
August 7th - Sun Square Jupiter
Red Vertical - August 23rd - Admetos Square Sun
Blue Vertical - August 24th - Uranus AND Saturn Trine Sun
Mars exits its retrograde cycle.
There is a metric ton of things that all happen between August 23rd and August 26th. Because we are these swing lows, it’s important to notice the confluence of these cycles.
The orange box represents the Mars Retrograde cycle it ends that cycle on 26th.
There is a Full Moon on the 26th, Moon Apogee on the 23rd and the Sun enters Virgo on the 22nd.
Two trine aspects of the Sun: Uranus Trine Sun, Saturn Trine Sun
