ETH / BTC - WHEN TO BUY ETH ? *H&S form will drop ETH to the green zone.
*By the way green zone is the accumulation zone for me
*ETH has a very very low volume
*ETH is losing its dominance againist Bitcoin
*Ichimoku shows bad things will happen
*Unless good news is pumped to the market ,
I am a kind of shorter of Bitcoin so as ETH.
Update
BTC - TRUST IN "BEAR-PROOF" HISTORIC SUPPORT LINE! BUT ...*March is dangerous. Bear is still alive because :
*BTC turned down from rising wedge and I think it will land around 9K-9500K...
*Red clouds will keep Bitcoin a little more under it.
*Volume is so low.
*Bitcoin dominance hit %42 but no flow from outside the Market.
*BTC absorbs altcoins ,but it is done money crossing from altcoins.
*Bitcoin has eaten its tail until now. It is over and price correction is on the way.
*If bulletproof historic supportline is broken then we will see first 5800 and 2900 (still possible!)
*Dont buy any altcoins now! Please Check my graphics about altcoins with title "when to buy altocoins 1-2 ? "
BTC -WHEN TO BUY ALTCOINS?(2) PLEASE DON'T BUY ANY ALTCOINS NOW!Before this chart ,
I said : dont buy any altcoins until "confirmed" BTC/11400 or crosses BTC/12000.
I hold full bitcoin , I hope you did not buy any altcoins. We witnessed that all altcoins had dumped.
Now there is buy oppurtunity for altcoins if that happens:
*If Bitcoin touches around 9000
*It bounces from there
*Finally crosses 9500
*Then buy altcoins (only oversold ones you want buy before!!!) (Note: You can use this site to detect oversold coins>>>>> rsihunter.com )
These are the conditions to buy altcoins up to me.
If Bitcoin does not fall to 9000 and goes up and crosses 10300, this chart must be cancelled and my first ''When to buy altcoins?" chart works again... Check it from my profile history.
BTCUSD Confirm 5th wave. It drop! UpdateHey guys.
Update on BTC.
The 5th wave seems to be present.
This tells us that BTC is going down.
BTC will go down area 4900 USD.
Usually, when BTC goes down, the alt goes down too.
I invite you to go see my other BTC charts.
For more update, add me on telegram: web.telegram.org
Let's get rich with me ;)
Heading: BTC/USD Follow Your Daily Updates here! Hello My Dear Supporters!
Back again to make sure you don’t miss profits or opportunities.
We have just closed our previous BTC/USD trade with profits on both sections. We are looking at taking a nearly identical trade here, using the same analysis. Its really this easy.
Our analysis Friday (See below in related articles) was spot on with price consolidation below the 200EMA (Green Line). We have now seen a Break of the 200EMA and made profits from the resulting breakout. (A bit more would have been nice). Price has now pulled back the 200 EMA again and this time is also testing the 38.2 Fib level (Overlaid) and is starting to head up again. We have the chance to repeat the trade and use what we have learnt.
We can see the current bar is now getting a long tail on the bottom as price rises, creating a Low-Test bar (Orange Arrow Below). If the bar closes above 10,400, then we can consider it Bullish. The Aggressive entry is to buy it there, its aggressive and HIGH Risk in this market.
The conservative Entry is to wait and buy at the high of the bar with Stop Loss below the bar and the 200 EMA.
Conservative Entry $10,640 or above
Conservative Stop Loss $10,100
Targets Just before the yellow lines at $11,121 and $11,979.
To make Dollars your decisions need to make Sense. Leave the aggressive entries to the pros. They know how to apply more discretion to trades and get it right. Remember tomorrow most of the bigger traders will be back and BTC is likely to bounce around a bit.
Quote of the day
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful
BTCGBP UpdatePublished new chart as last one was titled short, but was posting the updates on that.
We need to follow the patterns carefully, but we eventually got some upside from target area. Blue arrows possible scenario, one more thrust unto the purple and 786/88 fib levels and then back down, before finding support.
break below the green support line, look for downside
Bitcoin BTCUSD Sunday Update and buy pointsBitcoin BTCUSD Sunday
After breaking lower early on in London on Saturday morning Bitcoin fell to a low at 10800 on Bitfinex feed - was meant to
fall to 10750 at least once the break came, so not too good. Even worse, no buy orders were placed anywhere near the
lowest levels...on the upside Bitcoin had to break above 11230 to trigger the next long, looking for resistance at 11336
which then needed breaking by the bulls to trigger a rally to 11646 initially and then on up through the resistance levels above it
to an upside target at 12950. Having made that break Bitcoin did rally to 11646 level, spent 12 hours consolidating at these
higher levels before a second surge of buying interest took it to a high overnight at 12190.
Overall, Bitcoin is beginning to stabilise and absorb bad news by defiantly making higher lows with each new horror story to
hit the market. These are signs of underlying strength. Institutions and traders are happy to buy the dips.
Additionally, there is a bull case for calling Bitcoin up to 15770-15957 range on the back of a massive reverse head and
shoulders formation, the neck-line of which was broken through yesterday. This pattern is a little sketchy so only the
neck-line has been drawn in here, but the break came at the 11330 level on Bitfinex and has a minimum upside target of
4625 points, so 15955 on Bitfinex...time will tell
In the nearer term Bitcoin is unwinding an overbought condition and can come back to 11646 again and potentially
to 11500-11400 range at lowest before the rally continues. Look to buy the dip. Bitcoin is beginning to recover - but we still look to trade this monster rather than seeking to own it outright. So long as it keeps moving we can make a lot of points by following the breaks signalled by the charts, whichever exchange you happen to use
$BYOC Releases Massive Acqistn News 1 of 3 to 4 Multi-Mil DlsBeyond Commerce released news of its first multi-million dollar deal worth $25.7 Million dollars yesterday after signing a business combination agreement with Service 800 www.otcmarkets.com
The company currently employs 342 employees and has two offices in Hong Kong, one office in London and an office in the United States.
However the best news yesterday was the latest filing by $BYOC showing over 500,000,000 Common Shares are locked up by Institutional Investors! Which makes the tradable float around $200 Million only
www.otcmarkets.com
The company will be releasing further updates in the coming weeks.
Bitcoin BTCUSD Bitcoin and Klondike Compared/Next Buy PointsBitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points
After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin
should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin
played by the book. Actually the high on Bitstamp was 14468, some 29 points under the actual point of rout, but not bad.
This beast a proper thorough-bred. Earlier yesterday either you got stopped out at 13700 for 1000 points profit, or if using
the 'other' service which cannot be mentioned by name under threat of yet another ban (see top left of sumastardon page,
under big green S for more details of that if a Bitcoin aficionado) will have managed to exit very close to the top of
the run yesterday at just under 14150 for some 1440 points profit, or 10% of Bitcoin in 12 hours flat. We can make some
serious returns on Bitcoin without ever having to 'own' it for very long...too risky! Trading this monster is in reality way
LESS risky than owning it. Since that trade we have gone long around 13600 and lost 60 points and gone long again from
13417-13370 range with the subsequent low being struck at 13391, right in the centre of the lowest downside target, and
has since rallied overnight to retest the S Korea pre-news level to within those few points at 14437. If you closed out
close to those levels that was fine trading and another 1020 points won...so up to 2400 points 'mined' in just 44 hours or so
of frantically...twiddling our thumbs and hitting a button about 6 times. When you stop to compare the hardships we
have to endure to mine a few points/dollars from the rich seam in the sky to those faced by the men who set out to find
their dreams in, say, the Klondike gold rush it makes the head spin. The risks they took and the broken dreams they took
home with them, if they survived the ordeal, bear no comparison. They were looking for something real (gold) and
for the most part couldn't find it. We look for something 'unreal' and seem to find it everywhere. We don't have to
cross oceans and climb 'golden staircases' in deepest winter risking our very lives to find it like some of our ancestors did. Could this have been you in another age?
We can sit at home and watch Bitcoin and chill. Way more exciting than Netflix ever was or could be, no? But there's a
deep irony there too. We are so damn lucky. Do we realise it? Well we really are making it 'real' in some respects. We are
turning something that might still be unreal into something tangible and very real. Bitcoin = points = dollars. E=MC2 for
miners. And so long as we hold the dollars who cares if it's real or not? That is not our problem. Our only 'problem' is
spotting patterns in the seam and trading/mining them. That is all we should be concerned with, pretty much - as well
handling tax returns - which should be quite large unless you're planning ahead...
But back to the now, now. Bitcoin is consolidating overnight gains and now has to push on through that high from overnight and break above 14460 to really power ahead again from here, triggering the next long for 500 points to 14960 - otherwise we wait for lower values. First support is at 14081 but gets stronger at 13965-13900 range ...look to buy the dips still, Bitcoin is beginning to get back on its feet
LTC next Market Structure?!?Here is an updated look at LTC going into January 2018. Based on what we have done; previously, (I am Very Bullish) we should see a repeat on a larger scale, previous patterns!
The "Bullish Pennant," should produce a Pop to the upside putting LTC into another, higher Longer Pennant formation (Purple Triangle) or the Next Impulse wave/ leg 1 (Red Squiggly Line) of the New Market Structure may yet bounce off the $355 price range then back down again around (probably North of $250).
Like I have stated before; in previous Charts. I am not Afraid a being WRONG, nor am I Afraid of sticking MY NECK out there...unlike so folks who post their Charts. I would caution that this Chart is "Bullish," and OPPTOMISTIC towards LTC. I am certain that by the end of this Month that MANY LTC FANS will be VERY-HAPPY!!!
Keep your eyes on the VOLUME, especially the 24 hour Volumes. F.Y.I. I went to COINBASE, yesterday (1-4-2018) and at the TOP of the Login for Coinbase was a WARNING SIGN...
"DUE to LARGE Volumes, trades may not be possessed immediately; i.e. backlogged"?!?! (That should tell YOU everything you need to know)?! WE should/could expect a POP up in Price for LTC VERY SOON! I know its been a nail-biting experience for most of US "HODL ers," but sit tight...once we spike up again in LTC (all Crypto-Coins) we will see another retracement to Lower-Highs and Higher-Lows. (Expect your typical "Elliot Wave Retracements of 38% - %50," as is often the case/approximate range correction.
Everything is an educated guess as to where this Market will go... so don't get too depressed especially when an "Expert/Pro Trader," tries to tell you or show you that they are "always correct"...that's not true. Although, the Crypto-Coins are by far More Forgiving and Much Easier for Experts/Pros to suggest where the Market will go...(Target Range, is just a Target Range).
Simply Compare and Contrast this Chart Post with the multitude of other Chart Posts and you will begin to see where the Market will probably go as more Charts tend to indicate likely "TRENDS," and unlikely projections. (This is why We use Trading-View)!!
Remember, at the End of the Day we are all left with the TRUTH/Facts; therefore, making mistakes and getting it wrong leaves Us All with the TRUTH/Facts. Everybody WINS!!!
Memento Mori = Your Only Human, too error is Human...Memento Mori!!! ; )
You are NOT Martin Armstrong and He is Not You!
Bitcoin BTCUSD Update and key levels todayBitcoin Update
The break above the flag after far East opened had just enough power to take it back to the previous high of the day
but not enough to break higher still - it really had to achieve this in the first hour after the break above the upper parallel
of the continuation pattern - but only double topped before falling back once more to the break-out level before rallying
one last time to a new high for the new day before getting sold off as London opened (hight at 08.30GMT). That pin bar
created in the process means there is some serious near term selling power overhead. If you have raised/trailed your stops
as each blue line is regained by the bulls (to just a few points under the line once broken above) then only about 200 points more
profit have been locked in*.
Those that got long when 14002 was broken above and held for the second time - with a technically near-perfect restest
from above coming soon after (see chart) - have been rewarded with an 1800 point gain, so far, if not stopped out
higher still. But it's a heart-breaker if you followed advice to raise stops to 13675 - the low was 28 points lower - turning a
really good trade bad for those who followed it. Worse than being wrong, the most painful of all trades are those that are
right but with wrong stops. The lesson for 2018 is to know that stops need widening now from 50 to 100 points in past to
100 minimum and 200 to 300 maximum -because price has more than doubled in the interim period.
So if still long here we need to raise stops to just under the 14539 blue support line. Bitcoin should reach a minimum
upside target at 16887 as a consequence of the reverse head and shoulders but to stay good in the very near term it must
now continue to hold up at 14539 at lowest during the course of today - any failure to do so will trigger a short back to
14010 with a stop 100 lower if we see it.
On Upside, The first minor resistance is here, at 14900 and Bitcoin has to push through here to stay positive now in near
term. It's likely then to move sideways to up to retest 15077-15130 range and then to consolidate again before
moving higher still, with each blue line being the likeliest points at which to expect near term resistance/consolidation
to occur. So we stay long, looking to increase positions on a break above 15500 for further strength up to 16506 .
Bitcoin only turns negative from here if 14530 gives way - only then do we enter into short positons again, looking for retest
of 14010, where we would look to reverse back to long again
with stops 120 below, at 13880 .
*For newer traders any break above an upper flag parallel must have enough power to carry it above the last high (top
of flag-pole to immediate left on chart) and should do it within the next hour or so of the break-out occurring - some
flag break-outs only have the power to double top and some are full of intent, as we saw with the first flag breakout from
the 13770 level yesterday. So, for future reference: watch the break-out in that first hour after it happens - if it stumbles
and creates a little pin bar on 15 or 30 minute chart right around the last high it's a good clue that buying power is
waning here - this is when Chart V Heart problems can arise - you want to stay long but the chart is saying it's topping out
and losing upside momentum - you must follow the chart at that point, especially if the next candle starts red from the
outset and cannot make it above the last candle. It's VITAL that you study breaks - they are our life-blood, the things we
need to open new trades. Get a good understanding of breaks and failed breaks and you will be 80% of the way to making
good returns on trades and not letting profits slip away because your heart ruled your head and the chart therefore
got ignored. Overcoming natural human emotion and managing stops are our 2 biggest challenges as traders - not
identifying patterns and trades.
Bitcoin: BTCUSD Update and Buy Points Bitcoin: BTCUSD Wednesday Update and Buy Points
Is there an X man who doesn't need to sleep? That's what we
need to be to keep on top of Bitcoin. Still feisty, still full of
fight, just when it looks like it might be settling down a little
it snaps back again. Tried shorting from 8060, looking for 7800
before reversing back long again - just before spotting the
acute parallels that Bitcoin was now trapped beteeen. Too
late! Parallels mean continuation, even if as steep as these.
The last update from midnight GMT mentioned this point and
that breaking back above the upper parallel would mean
that Bitcoin was turning bullish again, and then had to grab
some sleep. If you were brave enough to then go long again on
the break and retest of the upper parallel, well done,
especially if you kept your nerve during the ensuing 3 hours of
trade as Bitcoin came back to a spike low at 8050 before
rallying. That was a tough 3 hours for day traders looking at
price action in the aftermath. Notice how the parallels that
contained the move down saw just 2 strikes on the lower
parallel? It's been mentioned before but bears repeating: two
strikes on a lower parallel is a sign of real impending strength
to come...but it was too late in UK by then to stay with it.
Sorry for that.
Swing traders and long-pull holders with stops left low under
7700 as advised are unscathed. Hoping we can raise stops
here soon, but need to leave them quite low for now and
keep them out of harm's way.
So now the next challenge is find the next entry point for day
traders not already long again on the break above the upper
parallel - it was so tricky at that point there's no point in
beating ourselves up about missing it...fixed support lines
proved to be useless for the second time too - the last low
also - we just need to understand the last move for what it
was and move on to the next trade...
Right now Bitcoin has regained the high line at 8245 and is
using it as support, creating a small flag. Need to watch and
wait awhile and see what shape Bitcoin makes next. Overall
it's still very positive and once this battle for consolidation at
the highs has been won bitcoin is likley to surge much higher
still. So am not looking to try shorting from here though it
looks quite tempting. Prefer to look for an entry to get long
again. We may get a chance from lower down later if 8220
gives way to sellers, otherwise on exit above the upper
parallel of this tiny flag from today's highs with stop under
8210. More as the move develops.
Bitcoin: BTCUSD Grinding Higher: Stops for day tradersBitcoin Update
Grinding higher still. Day-traders can raise stops to just under
8230-8320, under the small dynamic underpinning today's
rally. If this line fails Bitcoin should fall back to 8005 where it
becomes a buy again with stop under 7970.
Swing traders and long term holders stay long, as below.
Bitcoin: BTCUSD Big Beautiful Bitcoin Clean Chart UpdateBitcoin Update Big Beautiful Bitcoin Clean Chart
stopped out of last trade for 50 point los, and up to 100 if
looser. It's finding support and building pin bars off the blue
old resistance line from the old highs.
Should stooge around a little longer, moving between 7830
and 7719 before likely moving up again. If 7719 gives way
between now and early on as far Eastern markets open
it should find support off the recent highs at 7510 and off the
lower big parallel too. looks more likely, as the pattern stands
now, to move sideways off 7719 line, turning old resistance
into major support, should it continue to hold as envisaged.
So it's a buy now and over the next hour or so. And if this
level holds, you can probably call it the freezer lid. If it holds,
Bitcoin is finally tagged, bagged and now so close to having
the freezer lid slammed shut. If we see this price action
evolve over coming couple of hours only then can we maybe
claim the trophy. If so, let it ride, lock the freezer and hide
the key and let's see where it takes us. We only need to worry
if 7719 gives way. Well done. So close now to throwing away
that key.
Stops need to be uder 7700 as if it fails it should test 7570
where it becomes a buy agin with stop under the parallel.
BITCOIN: BTCUSD Breaking DownBITCOIN: BTCUSD
Embargo lifted for a while*
So 15 points blown in the twinkling of an eye and another
false signal...bet that was Goldmans creating a suck-in.
It only takes one really big hitter to see these charts and to
know the exact points to squeeze - or it could just be
paranoia - whatever, so far Bitcoin has given a second false
signal in 2 days. (notice how comparatively smooth and false
signal-free it can be during weekend trading here compared
to when the big houses are on the prowl during the week?)
This fake-out was really cruel - at least price action
stopped us from getting suckered into the long position at the
false break-out highs, but it was enough to take out stops on
the short position, which was the correct position to hold, as
we can see, even more painfully now. It hurts to lose 15
points in quick sucession, but to avoid getting suicidal need to
remember that by using tight stops we've avoided some much
bigger potential losses. Not good to lose a couple of fingers
but at least it's not a hand.
We are where we are, which is back in bear mode, looking to
sell rallies back towards 7100 if we see one...but it's very weak whilst
unable to break back above 7080 and hold. That massive red
candle with pin bars from above on 15 minute chart all spell
further weakness ahead...look to join the selling once the low
7050 gives way, looking for 6925 minimum. If this level fails
today look to increase shorts back to the lower parallel
S&P Index SPX500: Needs to break above 2588 S&P 500 Index SPX500 Weekly Update
in Short-term Needs to break and hold above 2588 to keep upside momentum and
avert sideways/mildly down movement toward parallel
Continues to grind upwards, averaging 10 points per week,
and trampling every bear in it's wake, guided by a massive
secondary impulse wave since the summer doldrum lows at
2416. No way can any sane bear consider grabbing this
rambling bull by the horns - it's not exactly rampaging, but it
could do for a couple of days once minor resistance at 2588 is
broken.
All is good for the SandP so long as it stays within the parallels
- any test the lower parallel is still a buying opportunity with
stops underneath it. Still believe, this index will hit 10,000
within 15 years maximum from here.
At some point the S&P will break the lower parallel and
create a decent tradeable correction...until that happens stay
long, if a long term holder.
In very near term however it really needs to find some
momentum here to break above 2588 and hold here
or above on the next minor pull-back (ideal entry point for
more long positions) - to avoid drifting sideways to the
parallel, where it becomes a buy again, as above.
Key support levels are shown on chart. As usual, a break
below any listed level should led to a quite a fast test of the
next. The dynamic/moving support lines carry more heft and
power than fixed/static lines of support, usually, with points
of maximum impact often where two types meet, as at 2541
and 2564.