BTC - D1 scenariosI can't be wrong on this, I'm not calling any side at the moment, all I can be wrong on is where we are going on either side. I'm leaning bullish for the next push when I'm looking at level 2, but like i said either way, I don't care.
I'm not entering any trade at the moment, I'm looking at red box around 5500-5600 to short or the OB block around 4350-4550 for a long.
-RSI is oversold, but there still room for another push.
-50/100 EMA cross possible, pullback to retest 200 EMA highly possible while 50/100 catches up.
-Or we pump to 5800-6000, pullback to 5600 R/S and I get rekt :D
Voidca
LTCBTC H&S Pattern
Volume is getting weaker on each advance. left shoulder with the highest volume.
Hidden Bearish Divergence, Price made a lower high while RSI printing a higher high.
0.01268 is a key level of rejection at the moment.
Highest high to neckline is around 0.00161, expecting that kind of dump.
Entry @ 0.001253 // SL @ 0.01286
XBT - is this the bottom ?Nope, I don't think so to be honest. There too much liquidity below 3200 and I personally think we are going to shake them out before even thinking about moving up.
I'm looking around 3185-3180 on M15 for the next dump.
On the D1 chart, I'm looking at 2940 next and even <2500.
Let's be patient, trade wisely, manage your risk and enjoy charting !
XBT M15 - yoyoyoyoyo guys,
I know, I know, I'm not very active here but I'm still charting like crazy. So I thought for a second I should publish my trading chart that I'm currently using on LTF (M15).
As you can see with some basic TA, a lot of things can be predicted and hit the exact target. Yes, I do use those bubble a lot, great for notes and I keep a lot of screenshot for a futur trading journal.
So yeah, that's it, enjoy.
Have a great day, keep charting and keep your head up whenever you make mistakes, you learn through hard work, dedication and failure.
vOid
ETH - D1 Target hitYoyoyo, 123$ D1 target hit, this looks interesting.
Highest volume of the entire year, capitulation ? (even higher then dec. bullrun)
We hunted some stoploss/$$liquid.$$ below 123$ and had a major rejection to bring us back above 123$.
1 Hammer formed on nov 23, an inverse one is forming today ? (need confirmation at D1 close)
Fib Retracement looks good around 0.5 - 0.618 but we need volume first.
The longer we stay at 123$, the worst it will get.
R/R is definitely interesting, hmm...
ETH - D1 UpdateHello guys, small update after the break down. I was expecting a bigger move then that and higher volume.
As long as 192-195 holds, I'm still leaning towards that fake breakout to get $$liquid.$$ before pushing higher.
Oh and I'm not sure, but can this be considered as a weird triple bottom ? The second peak is weak and weird, I don't know, We'll see.
If it decide to dump lower expect 184 & 166 as next key point.
ETH - Bullish flag scenario ?Hello guys, this looks interesting, 196.80 is the resistance right now, we are consolidating below it, could be a sign of a near breakout. If I'm right with my flagpole price range, the next advance would probably reach 200 (blue rectangle).
So let's just wait and see if this isn't another bear trap like we are used too !
vOid
ETH - H4 TARGET HIT & Double Bottom Pattern possibilityHello guys, quick update, it just hit my 198.55 target, pretty nice but another rejection at 50 EMA, been like that since early october.
The thing that I found lately is that there always a weird shakeout before every move I see. Is it manipulation, hard to say but it definitely play with people mind. Because as you can see, we got a huge wick down that caught a couple Long SL, a lot of $$liquid.$$ and we found a way to close above trend, kinda funny when you start predicting those weird move. Probably a sign that I got outplayed by a couple of them earlier LOL, gotta learn.
On M5 chart we have bullish rejection at 196.50 which is a really good sign for the moment. If we can hold there at 0,382 fib this would a really nice correction but I wouldn't be suprise to visit last high at 0.5 fib (195,66) but let's hope NOT! :D
Tonight is the monthly candle close which could be a really important point for ETH and BTC if we manage to close below 6383 this would mark a yearly low and from what I see on the H4 chart this could possibly be a double bottom pattern.
We have higher volume on the first dump and the first dump marks the lowest point out of the 2 bottoms. We got a higher volume on first peak, failed to make higher high since that peak and printing higher lows, a good sign of a bearish pennant.
The second dump confirmed the pennant and the dump ends up higher then the first one with lower volume which is another good confirmation of a double bottom pattern, for now.
Usually a double bottom pattern is a mark that a intermediate or long-term change in trend is coming. Which seems like a good point if you pay attention to the upper trend resistance, but you know, we are used to those fake breakout :) .
What I will be paying attention to today is the monthly candle close that will probably mark the yearly low on BTC then I expect in November the confirmation of the double bottom pattern. To confirm the pattern we will need to break 198-200 ~ resistance first, that would be first confirmation, the second and final confirmation will come from closing above 208 ~ and break upper trend resistance. When this happen, the double bottom reversal will be done.
So this is an important day for us, cryptonerds, have a good days guys, have fun trading and of course keep LEARNING !
vOid
ETH - H4 Short-term scenario ?Hi guys,
I'm looking at a short-term long scenario on the H4 chart. I think we hit a bottom for now and that we will retrace to 0.5 - 0.618 fib before dumping lower. I don't see us going higher yet until further confirmation and more VOLUME.
I'm no financial advisor, just a student who enjoy charting and creating scenario. Time to sleep, good night and happy trading !
vOid
ETH - D1 ScenarioHello guys, so here's what I'm seeing for BITFINEX:ETHUSD .
There's 2 possible outcome, either we go up or we go down ! (no shit Sherlock lol)
I can't decide between a continuous bearish pennant like earlier in August or a symmetrical triangle which can mark an important trend reversal, which is the moment EVERYONE is waiting for. Volume is decreasing, this is a confirmation for both pattern, so right now I'm undecided. There going to be a huge spike in volume soon bringing market either up or down.
Here's where I see the market go if it goes either way :
I calculated the highest point of the symmetrical triangle/bearish pennant to the lower trend which gave me an 81$~ price range. Which would be the range of the move (up or down).
Usually with a symmetrical triangle you can safely draw a parrallel channel with the 2 lows and the single high which exactly confirms the next higher high at 291$ ~ and will close above that monthly level from 2017.
If this is a bearish pennant and the continuation to the ''yearly low'' I expect us to dump to 123$ ~ and make that yearly low with a lot of blood in the streets.
What intrigue me the most right now is that the trading range contracted so much in the last week and a half ~. Contracted even more then last pennant, making me consider about the calm before the storm (consolidation zone).
Another thing that I'm wondering is, will we get a last shake out before the move up. Lately everytime I called a symmetrical triangle pattern there's been a fake breakout to the bottom to shake people out then the move up happenned. Let's see if it happen on higher time frame chart.
BTC - Boring Range H4Hello guys, boring chart, we've been trading in the same range since Oct. 15.
Price is currently stuck at the 50/100 EMA, they are currently acting as resistance which is a good sign for me. The more we hit a resistance/support the weaker it get. If we indeed break that resistance I expect the 200 EMA to be the next solid resistance and the 50/100 EMA would be acting as support. MORE SIDEWAYS ACTION LOL. But at the same time, what apply to the 50/100 EMA resistance right now apply for the 200 EMA too. We tested it 5 times since Oct 15. But is 5 times in the last week enough to smash the ol' n' mighty 200 EMA, hmm...
The other important thing that I'm seeing is that we are currently consolidating/distributing below a important pivot point (6500~) which could be a good sign of a future breakout above or below.
So I will be waiting for a breakout on either direction, even thought I feel more bullish right now.
Be patient, trade wisely, don't copy me and of course keep learning !
vOid
ETH - M15 Chart Ascending TriangleHello, hello,
Short update about ETH on M15 chart. I'm seeing an ascending triangle forming, I could be wrong so I'm waiting for confirmation with a close above 200,40. Volume is decreasing which is first confirmation.
So what we need for confirmation is :
A breakout above 200,40 with a close above it
Volume should increase as we breakout.
After we breakout there a possible scenario where we test old resistance that turned into support after breakout. If it does, it need to hold before pushing higher.
What target I'm expecting ? Around 202 - 202,30 ~
Please remember that I'm no financial adviser and I'm still learning.
Have a great evening,
vOid
ETH - H4 UpdateHi guys, I'm a little busy right now, sorry for the lack of updates. I keep watching the market but I'm lacking the time to make updates, so here a small one.
We are still trading between this range (184-215). So here's what I'm looking for.
Is the trend going to hold ?
This is the 3rd leg of that trend, might be trend end.
If trend does break, expect a bottom of range retest. 196 is the oh shit signal.
If trend does hold, top range retest or even breakout is possible. I'm watching 222 as profit zone.
So for me right now, that trend is a key point. I will watch what happen with it and update afterward.
Have a good night I need to go back study a bit,
vOid
ETH - What's Poppin' Pt.2 Alright, fuck it, part 2, too much stuff in other post, let's start from scratch after last move.
Alright, alright, alright... Nice double bottom predicted there, 2nd low above first one, lower sell volume on 2nd low, pretty much everything was there for a bounce back up, between .5 .618, like predicted. Feels good. We got an heavier rejection then I thought, I knew we wouldnt close above or inside blue box. But I thought we would move sideways below .5 fib and consolidate from there.
Right now on H1 what happen is, we hit some really nice short SL maybe some liquid. on that wick up. Closed 400 ~ points below and corrected 65-70% of it. The good thing right now is that we've found support on last resistance and volume is dropping.
So what I will be looking on that H1 chart is, will 198~ hold as support. If it does, I expect us to move sideways a bit. If it doesn't, I wouldn't be surprise we re-visit green box or even lower.
Alright, time to get to serious stuff. When I look at the big picture on the D1 chart. I see something really nice, I'm not 100% sure here. When I look back to last advance on ETH last year, I see a double bottom happenning at the exact same support ? First bottom touched blue box, bounced back to basically the same SFP. Second bottom went to green box, bounced off to SFP but lower, then moved sideways before pumping to make a double top pattern. Weird coincidence. The only major difference right now is that the volume is higher, which could really mean the bull season is starting soon? We just need to smash last upper trend on the right.
If I follow the rules of a double bottom, it will look something like that below. Consolidate below SFP, smash it, get to last high around 0.786 fib prediction. Move sideways from there then smash that upper trend to get into bull season. Remember this is only a scenario, not financial advise.
Have a great day, I will be updating later on tonight if daily close is interesting or tomorrow if nothing happens !
vOid
BTC - IS THIS BOTTOM ?!Alright so, the question that everyone have been wondering, is this the bottom ?! Well I wish I knew, but it does look good to me, let's take a look.
On D1 chart as you can see, we can't break the 6k-6.1k support range and we keep making higher lows following the trend. Talking about trend, we are close to breaking 2 old upper trend, the grey one is from the 11k high from march 5th and the white one from july 24th 8.4k high.
Another thing that I see is the same pattern formation on a lot of coin at the moment. An ascending triangle. You can see volume dropping which is a confirmation. If we do break both upper trend get mentally ready.
Now for the H1 chart, we just tested SFP again and made a new high at 6300. Was that a Stop Loss hunt ? Hmm, interesting. The move looks bullish to me, you can see that .236 old as support atm and .382 fib as resistance. A retracement between .618 and .786 looks like a decent place to go from now on.
Let's take a look at M15, this look really bullish, we just broke last SFP high at 6205, make a new one at 6300 still making green candle, I expect a retest of SFP high soon, let's wait.
ETH - What's Poppin'Hello guys, vOid here, took me a little bit to update as I was waiting to see if we were going to move sideways a bit or keep dumping into oblivion.
Good thing, my oct. 2 chart was right on point, except it took 3-4 days longer before the dump to 185$ occur. So what is poppin' since then. Well as you can see, we hit that D1 Bottom Range and bounce off of it in a bullish way, which is good sign for now. We made a higher low, which form a sexy trend with sept. 12 lower low.
Right now price is moving sideways and squeezing under 0.236 fib. If we are retracing, I expect price moving towards .5 - .618 fib in short term but not breaking blue box, just moving sideways below it before breaking it.
If we look on M15, we can see an ascending triangle forming, making higher low but getting rejected on SFP everytime. Volume is diminishing which is a good confirmation of the pattern. 194 ~ looks like a good support at the moment too. As soon as we break that M15 SFP, we go right up to 208 resistance.
If we look on D1(FINEX more data), with the newly formed higher low, we can safely form a channel connecting the 2 lows and the single high. Add a fib retracement and you can clearly see 0,786 as a good spot to retrace to and to form a higher high without leaving channel line. But first, we need to smash that SFP Line as hard as A. Silva legs.
ETH to 185$ - Little UpdateSo here's a little update about my last post. I still think we are going to atleast test neckline here in the couple next hours/days. Here's why :
1 - Volume is diminishing on every drop (left shoulder, head)
2 - We still to test neckline at 206,20
3 - If we test neckline then there confirmation of reversal from bullish-to-bearish here
4- I still expect a drop to 185 ~ (green box)
I'm sitting on side with a buy order at 185 ~ just in case.
P.S. I'm no financial advisor, theses are only notes for my education purpose, I could be wrong. I'm open for criticism discussion.
ETH indecision? where are we going ?Hello guys, vOid here for another short update. Took me a couple days to make an update just because nothing really interesting happened to Ethereum.
So let's start from the breakout that happened Oct. 8.
So that day, we were able to breakout from that upper trend but as you can see we got a Bearish SFP, which brought us back to upper trend support. We found support on that trend line and the market gave another try at that SFP. It got rejected again and dumped to that trend line support again, bouncing on it twice before breaking it.
What this tell me is that the second time we hit the upper trend line, there wasn't enough liquidity so stop-loss got liquidated, that why the small bounce before dumping down to lower trend.
Now that we are back to the major trend (lower trend) you can see on both bounce that the SFP was bullish.
So here's my list of what to watch :
We are currently stuck at the tip of the Symmetrical Triangle, with a bullish SFP, I expect a breakout to atleast yellow line.
We need to break the yellow line and re-test SFP (white dotted line 231.50) and close above it with a bullish sign to go bullish long-term here.
There always a possibility that we just fakeout break yellow line to get stop-loss and dump afterward to break red line.
If we do break red line, this a bearish signal to me that we are going to dump to red box or even green box.
Volume is at a lowest point, it's a sign combine with the Symmetrical Triangle that a move either UP or DOWN is coming.
Stay safe, wait for confirmation signals and happy trading !
vOid
P.S. Still improving my english and this platform is the perfect things for me to improve. :D
ETH - will the trend hold ?Here's a little update :
So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ?
1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker.
2 - Are we going to see a small bounce back before dropping below trend ?
3 - 3rd legs is closing close a major connection ?
4 - Volume is still diminishing.
5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment.
I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday.
Have a great day,
vOid