Hi everyone! As traders/investors we should always: -keep in mind different scenarios -count risks in both sides -be ready for everything) It is still a possibility for downside move. We can still be in last Wave 5 of 4 after a complex Wave 4 of 4 in a shape of irregular flat Also look at current chart on lower TF. Its very likely that upsidemove from 25000 to...
Looking at the weekly chart, I noticed a clear H&S pattern on VWAP. VWAP is an intraday indicator, but it can show a pattern in larger frames, like now. I was trying to find a way to draw and measure it clearly on commonly used timeframes, but it is most apparent on a 2h chart. As you can see on VPVR on the right, the neckline is below the 27100 resistance,...
Experimental review. Hi. There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture. I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here). And VFI LF is also unnecessary. So what do we observe, besides a...
A big support build upon a very large price pattern. The trend is clear. Also is possible to see the halvening cycles and how bullruns are more calmed in every cycle. That means less volatility also. Good for adoption, bad for speculators. Buy and hold looks to be the wise option.
Today I want to present my main scenario. As long as 37400 holds I give this scenario the highest probabillity. I have identified an expanded triangle in the WB of the triagnle. Foundation for this scenario is WB which made HH and WC which has corrective nature and was unable to make LL thus it made HL. Now we are moving up in WD which is a complex correction with...
Today I present to you inverted W chart of BTCUSD. We can see clear impulse down. Because we can count five waves we should form a scenario where PA will correct the impulse. So far we have gotten a reaction from lows and a HL which is the first indications of reversal. To confirm this idea we should see break of wave B of the recent correction in the channel and...
I have spent this morning analysing BTC and I have come up wth multiple counts. This count however, is the clearest and simplest one. I am having a hard time counting the move from 69k (nice) as a five-wave move. It´s possible but I give it a lower probability since it´s not as clear as this count. Therefore, I am setting an alert for the trendline break and...
Hello everyone, This is an alternative version of Btc Dominance. To keep it simple, it's the flipped version of the dominance but gives you a clear view regarding to altcoins vs btc dominance.
SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer...
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Currently and since a few days, Etherium (even the classic one) is up, while Bitcoin and co are unprecedentedly down. The gap between the two movements is the widest in favor of the former since long time, and is definitely the most telling given the recent moves. Technical indicators are even showing that BTC could find support as low as 45K. Of course, this is...
$TIGR is currently on two pattern indicators. Macro it appears to be heading towards the top of a downward channel. This would appear bullish and a break of the channel could lead to the start of a Wave 3/5 the largest wave. Alternatively there is a bear flag forming on the hourly. The downward trend of the last two months could have a 5th leg and I would project...
See other IDEAS, entries and Exits. Studying my trades and journals, I can see that I need to develope sitting power. I seem to exit a lot of positions too soon and then I buy back; sometimes in my favor and sometimes not. This is an area to work on- I am not going to be too hard on myself because I know it happens with many pros. I am not a pro but I am...
BTC has taken a ride since 2015, I watched from the sidelines as more and more people became overcome with the excitement of this new currency. The “gap” up’s when it took hold and blasted off to north of 20,000 then 30k then 40k, were unprecedented. I’ve been involved with investments since 1997 and I have seen nothing like this and won’t ever again. I do think...
The alternative possibility is that we have done completely 5 waves and now it’s fulfilling the C wave of ABC Waves of correction But it’s chance is too much less than the last 3 analysis Which in this way we will see price in the RED BOX
Based on my analysis I see a Bearish Bat Pattern completion complimented with the alternative ab=cd. This is just an Idea from a beginner. Your point of view as experienced traders would really be Amazing! ps. I removed all the fib to make it look simple.
WE WILL BE USING FIBONACCI RATIOS A LOT IN OUR TRADING SO YOU BETTER LEARN TO LOVE IT LIKE YOUR FAVOURITE PIZZA. Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension. The ratios arise from the following number series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34,...
Still profit to be made. Expecting value to increase at least another 25% or so . Long story short... I have been invested. Just not as interested in notoriety and recognition as of lately therefore I am not as eager to share my opinion. It would be good to note that alternative currency may sap dominance from BTC and pump before the halvening. Thus it is presumed...