Bitcoin Death Sunday
Just a quick post to explain why i never trade on SUNDAY.
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So in the Graph Color Palette is :
- Green = Bullish Day
- Red = Bearish Day
- Blue = Neutral ( Standard Doji )
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- So now look at graphic because it speaks by himself. How many Green Lines, how many Blue Lines and how many Red Lines ? just count.
- it's very simple to understand the reason, institutionals like CME are closed, so Whales are alone and play around with markets and try to Rekt Retails investors.
- For Security its always better to wait Monday and check if CME Markets sentiments are Bullish or Bearish.
- Some Sunday.. TheKing is Bullish but if u check the ratio, it not worth the try..
Enjoy with your family on Sunday !
Happy Tr4Ding !
Whales
CRYPTO POTENTIAL ( SAFEMOON ) Lets take a look at Technicals first and then ill give my indepth opinion on this Crypto.
Market Cap
$2,359,673,071 if this continues to drop we may see the price we would like in order to get the best possible price!
^3.14%
Fully Diluted Market Cap
$4,099,440,235
*3.14%
Volume
24h
$28,348,534
^3.63%
the way to play this would be wait for the extension of the 120% fibb. this will most likely look like a long bearing candle with an extremely long whick / candlestick . if prices reach our extension i will have to break down on a smaller time frame to find percise entry location but anywhere near 0.02-0.001 would indicate to me that we have entered the final wave before entering the next 5 way extension to the upside.
key locatons 120% - 222% retrace .
breaking down the charts is indeed a hobby , perfecting this skill is entirely underrated.
im analyzing from a more practical outlook , waiting for oppertunites when none seem to be
Present is indeed something more of a theory than a gaurante.
when monitoring these charts for entries i personally like to set alarms / slerts around key areas
just incase i am inn-active when these prices become present.
this will indeed help refine the technique .
#SKL will need a few daysHi guys
if I'm correct, I believe SKL will need a few days to get back to 0.60 - 0.70
we will probably see some up and downs over the next days.
lets hope some whales can see the opportunity and help us out!
the market supply is so low for SKL... how I wish to see half of #XRP market cap down here...
Bitcoin Out of Capitulation? Can we get back above 200 day MA.It wouldn't be cryptocurrency if we didn't have eye watering corrections like these. I guess this is the price we pay for having astronomical gains and cryptocurrency still being in its infancy stages as a market and technology. Its been blatantly clear that there has been a lot of institutional and whale buying during this market crash.
I have a short term 1 hour channel of Bitcoins capitulation trend. We slightly broke out of the capitulation channel but we may re-test $35,000. Seems like we may have formed a double bottom but we'll see. We're trending back towards being over the 200 day moving average. These are good signs of recovery.
A lot of other analyst are stating we're in a "dead cat bounce" and we may head towards the lower $20,000 levels. That's possible if we drop back below $30,000 but I see way more support and recognition above $30,000 than there is at the $20,000 level. Even if we did drop back to $20,000 most people would buy that up in a heart beat. This crash is driven by nothing more than fear and emotions because at the end of the day the fundamentals of Bitcoin remains the same. Just my opinions.
Much peace, love, wealth, and health. And yes, I strengthened my family's Bitcoin and Ethereum positions this crash.
BTC- Fundamental, market cycle and capitulationThe great unwind... As Mark Cuban calls it. Such capitulations are, however, not uncommon throughout Bitcoin's history. Feb 2018, Nov 2018 and Mar 2020... To name a few. Of course, to newcomers, such volatility is difficult to stomach. At least, that was how I felt back in 2017.
The latest China FUD is simply three banking and payments associations in China reiterated on the central bank's 2017 ban on financial institutions and payment firms engaging in cryptocurrency transactions and these rules have been in place since 2017. China has been banning the retail trading and the operation of crypto exchange within China’s jurisdiction since 2017. I know this because I was at the front row seat and watched this event unfolded which also coincided with the deep correction of Ethereum from $400 to $140.
China’s latest crackdown on Bitcoin mining will be limited to operations that are not using hydroelectric power. If you think about it, it’s actually good for BTC’s reputation and the global environment in the long run as the world’s adoption of the decarbonation accelerates.
Elon musk’s bashing of BTC…. Hard to take him seriously when he doesn’t even know the high ownership concentration of DOGE and when he believes that he can magically 10x the block size of DOGE. Obviously, he hasn’t thought seriously about the scalability dilemma and the tradeoff between privacy & decentralization and transaction volume/speed/cost. He is right about the BTC’s environmental impact though and it is an important issue for Bitconers to address as the worldwide trend toward the greener environment marches on. I just wish that he didn’t flipflop on whether or not he would allow Tesla to accept BTC payment.
FOMOers, long-term holders/whales and miners determine crypto’s market cycle. Let’s examine them one by one.
Short-term holder's capitulation-
Panic selling is actually good as weak hands get shaken out and market cools off a bit.
Both aSOPR and STH-SOPR have dipped below 1.0 recently indicating the widespread and aggressive panic selling by new holders.
# of address with a non-zero balance has also decreased which is another sign of panic selling by FOMOers.
Bitcoin’s Net Transfer volume from/to Binance is another panic selling indicator as it went up when panic selling intensified.
Long-term holder is HODLing-
The ASOL, CDD and Dormancy metrics are all down indicating HODL sentiment among long-term holders.
# of Bitcoin supply held by Long Term Holders indicating that LTHs haven’t distributed their holdings to the lvl where the new accumulation phase typically begins.
Coinbase’s outflow continues to increase and its balance continue to decline which indicating institutional accumulation and demand and the increasing # of accumulation addresses also point to the same trend.
Total supply held by long-term holders has also slightly increased though this data by itself doesn’t tell us if LTH is accumulating at the bottom of the bullish retracement or the beginning of bearish cycle.
Miners' accumulation-
Last but not the least, miners’ behavior has great influence on the market sentiment. Both Bitcoin’s Miner Net Position Change and OTC Desks Balance indicate that miners are bullish and are accumulating BTC instead of distributing it.
Most other on-chain datas and technical indicators such as BTC NVT price, Bitcoin Difficulty Ribbon and Mayer multiple paint a bullish picture as well . However, one thing that concerns me is that Bitcoin Wallet Sizes: > 1,000 BTC seems to be declining a bit.
It’s possible that the price can continue to fall and bottom around 25k, but the likelihood of it happens will depend on if BTC can convincingly break above 38k and how long BTC stays below 40k. Whatever you do, base your judgement on the combination of different source and analysis rather than the biased intuition and simple trading patterns. Most importantly, play the long game. It's paramount that you can survive the bearish cycle, which will come eventually, and have enough capital set aside so you can buy at the bottom formation and enjoy the fruit of your labors when the market rises up again.
DOGE XRP FractalXRP Fractal 2017-2019 Fractal incoming for DOGE?
XRP was the dream coin of the last cycle, it seems that DOGE is the dream coin of this cycle.
This might be even worse though because XRP at least has active developers and teams working on it.
DOGE only has a litecoin fork with unlimited supply and cute dog logo.
Whales hold most of these coins, expect dumping for the next 2 years, with big XRP style pumps in order to distribute coins at high price level.
Doge Prediction - Repeated doge patternThe whales are following the same pattern repeatedly - they want price to go up to sell and then buy lower, then repeat. This is a potential timeline of that pattern.
Epistemology of Technical AnalysisHow does the reliability of technical analysis relate to our understanding of it as a total population?
Epistemology is a branch of philosophy that examines the nature of knowledge -- its presuppositions and foundations, and its extent and validity. The word epistemology is derived from the ancient Greek epistēmē, meaning "knowledge", and the suffix -logia, meaning "logical discourse." Epistemologists study the nature, origin, and scope of knowledge. Simply stated, epistemology is "meaning-making."
Epistemology presupposes metaphysics. People tend to think of psychology as being the foundation for technical analysis , often without realizing that psychology arises out of, or is a subset of, philosophy. In other words, psychology is "a posteriori" to philosophy. Historically, psychology arose in order to include the empirical method when examining the metaphysical questions posed by philosophy. It has since brought various topics of study to the field of psychology, such as sensation, perception, intelligence, and memory.
At first glance, the relationship between philosophy and psychology seems to have a dualistic nature, and is reciprocal: Modern-day science believes that the "phyisical" (psychology) -- a brain -- creates the metaphyisical, and that the metaphysical (philosophy) -- a thought -- allows us to understand the physical. Phillosophers argue, however, that "no account of knowledge can proceed without assuming that we already have some sample or example of it, or of the way the world works;" If we already know something, then we already have some insight into reality. Similarly, no account of trading analytics can proceed successfully, according to presupposed rules, without some concensus to those rules.
My definition of technical analysis: A concensual set of rules for how to react to market stimuli. We can call TA a language, and it has rules akin to any other language. When we communicate through language, we operate by utilizing a concensual set of rules by which to respond to vocal stimuli. If two people try to communicate an idea to each other via divergent languages, the efficacy of communication is vastly diminished; consequently, if the market is being influenced by people who both DO know and DO NOT know technical analysis, the reliablity of our predictions for market trends is also vastly diminished.
I would argue that the implications of this are stronger this market cycle than ever before, due to the exponential rise in new traders unfamiliar with technical analysis , and that this offset in reliability is proportional to the total trading volume they supply to the market. At the same rate, "whales" who hold the largest crypto bags are likely to be the most familiar with TA, or have those working for them who are adept at TA, and therefore have a significant oppositional influence to those people aforementioned. It makes you wonder how many people have given their economic stimuli to the power elite already bankrolling with their COVID-era monopolies.
Stay safe out there. This is the most risky moment in the history of crypto for those of us with very little we can afford to lose.
HOW-TO add dynamic alerts to whale jump out of ocean
This tutorial applies to the (blackcat) L5 Whales Jump Out of Ocean X indicator. This is an Invite-Only indicator based on Tradingview. By adding the dynamic message alerts, 30~400 trading pairs tracking signals can be set in the premium account of Tradingview, once the whale/banker fund is detected. The Tradingview alert system will send the alarm information to your mobile phone, App or email to remind you according to your customized configurations.
The reason why I added this function is that @azrultebi, on 2021-04-12, proposed to add an alert function to this indicator. The specific requirements are:
1. when whale start jump long or short entries.
2. fibonacci bottom and top time window.
3. long entry motive waves or short entry corrective waves.
Alerts for Whale Jumps
For the whale jump alert signal, the function definition is relatively intuitive. Short at the first yellow bar when the short whale appears, and close short position the first green bar that appears after; in the same way, long at the first fuchsia bar when the long whale appears, and close long position at the first red bar that appears afterwards. Therefore, there are 4 alerts for whale jump signals, namely Whale SHORT (S+), Whale LONG (L+), Whale XSHORT (XS+) and Whale XLONG, (XL+). These four signals are relatively reliable, and try to use them in a time frame greater than or equal to 1 hour. The larger the time frame, the more stable the entry signal. The trigger frequency of these alert signal is the first function call in the latest candlestick to trigger the alert.
Alerts for Waves
For the wave alert signal, the definition of long-short reversal is rather vague. I used John Ehlers' filtering technology to process the wave digitally, filtering out a lot of noise signals, and ensuring that its delay is within 1 to 2 candle bars. However, it is still difficult to filter the frequent entries in sideways market. The difficulty of this operation is that some good trading points are born in the sideways. I have tried to add Chop Index Filter for filtering, but found that some buying and selling points will also be filtered out and lose profits. Therefore, I gave up the sideways filtering mechanism. I directly utilize the filtered moving average golden cross and dead cross to produce a wave entry signal. According to the definition of Elliott Wave Theory, a motive wave is a long wave, and the incoming signal is Wave LONG (L); similarly, a corrective wave is a short wave, and the incoming signal is Wave SHORT (S). It is worth noting that the wave alerts did not generate a close/exit signal. Therefore, the wave alert has only two signals: long and short. Compared with the wave long-short signal and the whale long-short signal, the main difference is in the trend strength and certainty of the market trend. Obviously, the whale signal is stronger than the wave signal in trend strength and certainty, so when placing an order, the order size and position control can be defined accordingly. For wave signal, small order sie can be used for test/verification; For whale signal, half of balance can be used to follow up.
Alerts for Fibonacci Time Windows
For Fibonacci Time Window "Support" or "Resistance" signal, I did not add alerts here because they are blur and not suitable as precise entry signal.
HOW-TO add alerts
Alerts in this script use an`alert()` function which allows a fully dynamic message to be generated when the alert triggers. To create the new alerts: Create one alert for the script using the chart’s “Create Alert” dialog box and select an alert type including “alert() function call”.
The Alert message format is like:
"
Symbol: BINANCE:DOGEUSDT,
Whale LONG (L+),
Price: 0.592
"
This format generates automatically from the indicator and you do not need to set any input parameters besides alert configurations.
If you are fresh on Tradingview Alerts, I recommend you to read Tradingview manual and blog as,
(1) How to set up alerts, www.tradingview.com
(2) Our New Alerts Allow for Dynamic Messages, www.tradingview.com
Ethereum whales are dominating on 20 MA Ethereum is getting dominated by Whales on the 20 moving average line (bullish)
We made first a inside bar(yellow bar)
More over i see faster upside gains around 3824 dollar per Ether to be conservative
If you closing above this line, i am suggesting that we get towards 4541 dollar per Ether
Like, react for more.
My presentation of the "High Noon Theory" since April 16 2021Hello all my fellow investors in this wacky world of Crypto in the 2020-2021 Bullrun.
I have been playing with Bitcoin since 2012 and have seen my share of market multiplication. This one takes the cake.
The chart represents a 4 hour take based on from when BTC was born.
With that said, I am only showing from April 16 when the mining switch was turned off in the country of China.
Please allow me to show the lunch time frenzy that takes place when the western hemisphere is sleeping.
Mind the weekend play.
Thank you
Dottor Berto
Bitcoin Whales Are About To Rip You Off!If you watched price action on yesterdays close, the week has closed below 52k and the bearish flag broke down as expected, but whenever something expected happens in Bitcoin, whales start manupilating and that's what they did. Price action was insanely fast, that means it can't be a market move, it's a whale move.
Let's remember what whales want: rip you off. Now people will start FOMO'ing and whales will start selling. Again and again!
Now, if the price continues to rise and closes above $53.437.40, it's likely to continue until $53.086 which is the upper band of my indicator, the OTT bands.
I bought above $51125 but the market order filled only at $52290 and exit with some profit immediately. Thanks to Tradingview alarms and 3commas bot!
There is only one question you should be asking now. Am i in profit? No matter how much or you are about to get ripped off!
Take your profits!
Volume BuyA snap shot of the volume on the Bitcoin dip that just occurred. Smart money is buying and riding to new all time highs. Don't emotionally trade the news. Tune out the noise and interpret what the charts are presenting to you about price action. A good rule of thumb is to check recent purchases on assets that have recently sold off, you may find some interesting buyers and be led down a path of good DD on a worthy investment. *Always trade at your level of risk*