BTC price action on the days of #CPI and #PPI announcements for Oct 2022 through Jan 2023. Yellow = #CPI announce dates Pink = #PPI announce dates Oct announce (for Sept) #CPI = BTC up #PPI = BTC up Nov announce (for Oct) #CPI = BTC up #PPI = BTC up Dec announce (for Nov) #CPI = BTC up #PPI = BTC down Jan announce (for Dec) #CPI = BTC up #PPI = BTC...
Searching around for clues to the market and stumbled upon a rare archival image of TradingView, circa 1928.
2017 Dec 17 = $20,000 2018 Dec 15 = $3,128 2019 Jun 27 = $13,900 2020 Mar 13 = $3,858 2020 Nov 20 = $18,800 2020 Dec ?
You don't need 50 lines on your chart. Back out to a wider time frame and simplify for a clearer picture. It's much easier to trade short time frames, when you know where it might be headed on bigger time frames. BTC monthly and the only trend line that matters now. A break here with a close above and $20k becomes very plausible. Keep in mind BTC had sideways...
Daily chart for LINK-USD with TSLA ( Tesla ) overlay. Quite a strong correlation of price movements between these two assets. If one of them constantly moves in price before the other, it might be possible to use one of them as an indicator for the other.
In a short amount of time, DOGE pumped 95%, giving traders huge profits, if they sold the top. But here is the reality. Most probably missed it the top by a long shot. This is a psychology breakdown of retail newbs and their thoughts as they went through the emotional rollercoaster of this pump and dump. Undoubtedly, many newbs got trapped in their trades from...
No fancy gann fans, fibs, or fractals needed. You can learn a lot by backing out to the wider time frames and just look at previous price action. The story has been told. 6.7 is the last stand before a potential big move down. Previous price action below 6.7 is minimal. There are two key areas below 6.7 that look like potential liquidation zones. Very little...
You don't need any fancy gann fans, fibonacci, or other complicated trickery to find the levels of support and resistance. Just back out to the Daily chart. Right now, this is looking ugly for anyone playing the game without stop losses and it could be a long cold winter. Be careful trying to catch reversals in a strong downtrend. Instead, consider trading with...
just now I think people forget (myself included) to back out to the DAILY time frame once in a while, in order to gain a better perspective of where we're at right now. BTC has had an amazing run to $14,000 without a real solid correction, so I would not be surprised to see a 30-40% correction before the next leg. Take a look and you'll see 30-40% retracements...
Been keeping my eye on this one for a long time, waiting for an entry point. *** Looking for an entry point around 2340 sat. Have a stop loss ready to go in case we lose this line of support. Will monitor close to see if daily candles start closing green. *** Key line of support: 2340 sat Previous Pumps Aug 3: went up 83% Nov 19: went up 417% We are...
R1 - Resistance (Down trend; lower highs) R2 - Resistance (5585 sat) S1 - Support (2885 sat) S2 - Support (2100 sat) T1 - Trend channel (upper) T2 - Trend channel (lower) FB - False Breakout / Bull Trap This project has cooled off considerably after reaching 9400, where it peaked after going 200% from Feb 6 to Apr 20. Scenario 1 (green) T1 holds as a...
Long term play for WTC is looking good for 50% returns or more. Pretty simple chart. Current price action followed a well defined downtrend channel. I hesitate to call it a bull flag because it fully retraced to previous low. However, support zone around 2550 sat has held steady again, and it looks ready for a reversal. After reversal, look for choppiness on the...
After an incredible run of more than 500% between Feb 24 and Mar 27, Ravencoin (RVN) has cooled off considerably. But once we're sure the top is in, we have a good chance to get the fib layout right. Switch to 2hr chart, click on the Fib Retracement tool and plot your lines from the lowest point, to the highest point. This sets up our fib lines. From a personal...
ENJ had a stellar run recently. Between Feb 24, and March 9, it went more than 500%. Now it's looking like it will give it all back. There could be a good opportunity here to score a 10-20%+ retracement. First line of support (minor): 1750 sat Second line of support (major): 1000 sat Scenario 1: If it finds support at 0.786, look for a possible breakout from...
MATIC is an interesting coin. Backed by Coinbase Ventures Since early May, it's up over 600% Fairly high circulation of 2,160,114,068 Highest BTC paired volume on Binance by a long shot You can see from the common patterns it's formed, it appears to be quite a predictable coin. Bull flags have ended with breakouts. Bear flags have ended with a fall....
Grab your partner round and round. One goes up and the other goes down. Good day ladies and gents. Looking at recent price movements for BAT, it's an important reminder of the weight that BTC and ETH hold on the market. Take a look at ETH starting on Dec 18. After 11 days of sideways movements, it finally broke through a line of resistance and went on an 8 day...
A symmetrical triangle is a bitlatteral pattern, and it presents a bit of uncertainty. It could break out up or down from here. Watch the candles closely to see how the price action and volume react as the price nears the end of the wedge. If there is no consensus, it could continue to push sideways. For those looking for a good entry point, I'd wait until we have...
Project Metropolis for ETH Stage 1 - Byzantium - Oct 16, 2017 Stage 2 - Constantinople - Jan 16, 2019 Previous action during stage 1 upgrade On Oct 12, 2017, ETH had a price spike from $302 -> $346, with a significant increase in volume starting around 20:00 (UTC -8:00), and with the peak around 11:00 the following day, roughly a 15hr time frame. 24hr volume...