BTC showing similarities between now and FebruaryHere's what we know for BTC: There are some similarities between the charts in February, right before COVID, and the charts now. Last time we dropped this far below the 200MA on the 4hr chart was February 26th. On the highest volume during the drop we were about 275% above the volume average.. When we dropped below the 200 MA on September 3rd, volume was about 275% above the volume average. When we made the drop below the 200ma in February we dropped 15.04% from the swing high. In both charts, the highest volume was 12hrs before the next retracement. When we made the drop below the 200ma on the 3rd we dropped 17.38% from the swing high. In February at our peak we were 12.82% above the 200MA. On August 17th, last time BTC peaked, we were 11.5% above the 200MA. This is also the furthest below the 200MA the 21 and 50 have been since February. This is a historical comparison between now and last time we were underneath the 200MA on the 4hr chart. Just looking at these charts they look similar but not the same. I am neutral as of right now. We could pump and continue our uptrend! These comparisons help keep us focused and prepared for any scenario
Historicalanalysis
🐂 Bitcoin Bulls in Control...🏋️♂️ but for how long 🤷In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately.
On Balance Volume looks amazing, as it has surpassed its 2017 highs!
Moving Average Convergence Divergence confirms a strong trend.
But the price is king. Bulls need to prove they can close a weekly candle above $12,000...
🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅
XAUUSD 1798.44 - 0.27 % LONG IDEA Good Day Everyone
Here's my idea on GOLD looking at it from the 4H chart but overall from multiple time-frames the metal remains net long for example on the monthly GOLD is respecting the Fibonacci extension currently rallying towards Fibonacci ext level 1.618 ( 1855.12 ) which is just below the all time high of resistance level 1926.49 could we see a rise or even a break of this level its very possible as I've mentioned GOLD is one of those CFD'S that has kept on hitting HH despite negative data releases or even the ongoing pandemic.
The metal broke resistance level 1798.267 pushed down to retest the structure currently trading in a descending triangle which could be signalling continuation to the upside, looking for the ascending channel to hold by seeing a break above of the descending triangle structure for continuation to the upside. a break below will change the hole trading plan so kindly look out for updates on gold...
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Comparing to history? - just a speculation...
- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down all the way to s/r of before this *echo bubble* run started....
Which means in our scenario, if this happens, then our target is: 5500
* History don't have to repeat itself 😜
But this is just a *red alarm* for you guys to be alerted about and prepare....
I'm a probabilities guy, so I never say never ❤️
- Another scenario (Less drastic, more likely, and fits too my last analysis):
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- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down to next S/R
Which means in our scenario, if this happens, then our target is: 8300
* On both scenarios, PA matters, so if we go below e50, expect a nice correction from there =D
* Pro tip: Never short a bullish trend, only ladder down longs at important support levels.
Where Will The Bitcoin Bottom Be !?Welcome everybody, I hope you guys find something here you can use long term in your own trading.
This is my long term BTC chart.
It is pretty simple, I just want to sit and relax and wait for the bottom to be hit and formed.
Then the fun part starts scoping cheap bitcoin and alt-coins for some fun 10-20x increases long term.
Alt-coins follow btc most of the time unless they are extremely hyped for some reason in the short term.
Remember, historically the later years bitcoin have been moving sideways for months after hitting the bottom. ( there may have been exceptions but I'm thinking the 2018 bear market primary - recent times )
So I assume that will be the case again.
And nothing really points to it won't be like that this time.
Some serious whales are needed to push the price up in 2019 compared to in like 2015.
Not 1 whale...I dont believe such foolish idea.. I think a group/group think - of whales is needed to start pumping the price for the reversal to happen.
And they will first do that when their bags are full of cheap btc/alt-coins.
That is why we saw btc go sideways for months at the bottom at 3000-3500 ish usd. The whales are buying up slowly but surely every day.
BTC Whale = Really rich person. Let's say 100 to 500 millions usd in their trading account.
Those who can move the market and are professional traders by trade.
They crush/out-class the retail amateur investor/trader.
It is like playing football vs professional football players...it is not even fun hahaha.
The chart pretty much explains itself.
When we hit a green zone, we just sit and count the months.
When we see a breakout over EMA 100 or 200 it is most likely time to buy in/last chance to buy in if you want maximum profits with minimum risk. = most possible profits long term.
This was all for today.
Have a nice day, Christmas and New Years Eve from here :)
SPY from 1995 till today: price and 200/400/600/800/1000MA'sHello everyone, I have just analyzed price action and Simple MA's through the years from 1995 till today.
Is interesting to notice that at SMA touch 60% of the times price pulls back while 40% of the times it keeps going lower!
A further analysis would be on the cross between them and how price reacted to that.
Same thing using faster MA's such as 5/10/20/50eMA's and 100SMA!
Hope you find it useful!
Are we mooning?? Don't get fooled on April's fool day xDHey everyone! So I finally decided to post my first ever opinion on Trading view and my first analysis is around Bitcoin on Bitfinex price. The reason why I picked Bitfinex is that it seems like it's always the first mover before any other price follows suit. It is true that BitMEX is very important for most traders out there! so for that reason, I will start analysis on BitMEX charts soon.
First, here's my story!
I've been following lots of ideas here on Trading view and been actively watching Bitcoin for the past 2 years. I'm one of those who got butthurt just when I invested in the crypto market and guess what... I spent the last year and a half learning how to trade professionally instead of simply jumping into every crypto or stock that pumps up irrationally.
Why did I get butthurt? Let me elaborate!
I tried to buy Bitcoin in October 2016. One of my business friends introduced me to it. We were discussing the many ways I could transfer money to him from the Middle East to China and he told me about this new thing called "Bitcoin". I was impressed right away and yes... the price was just shy above 700$. I tried to take it seriously but our small business didn't take off, so I never bought the bitcoins. Long story short, China blocked access to Bitcoin before the turn of that year and I didn't know any "outlaw" ways to purchase my first bitcoin.
The price had already hit $17.8k by the time I had completed the first phase of investing in crypto. Yes, you guessed it right. I went through every cycle of that crypto ride. Optimism -> Belief -> Thrill -> Euphoria (when I got in) -> Complacency -> Anxiety -> Denial -> Panic...
I started learning about charts, patterns, cycles, and waves somewhere along the anxiety phase. I had finally learned that the term "bubble" is too powerful.
After months of studying and real-life experimenting, I can proudly say that I've become a semi-expert at reading charts and predicting prices.
I believe many of you got tired of my story xD
So let's get down to work!
Whether you believe this or not, we're nearing a major cross for the price of bitcoin and you guessed it right! it's happening between March 30 and April 2. Are the whales prepping a big "April's fool!!" for us? ... mmm... Don't get fooled guys, just don't.
Now, let me tell you why it's extremely unlikely that the price will actually break above that huge green resistance line on our chart. If we fail to break above it, it would be the third time bitcoin fails. The first attempt was at the ATH on Dec 16, 2017. The second attempt was on Nov 14, 2018, and it failed miserably. It took almost an entire year to define that line. Now that we're getting close to that cross again, we can safely say that it's something to look forward to. In my opinion, Bitcoin will test that level again but fail to go above yet again and the reason I believe it will fail is this. While it is the third attempt (and third attempts are usually more likely to succeed from psychological point of view), the technical part of price as well as the fundamentals aren't on our side yet. In terms of technical analysis, MACD and RSI on the mid-term horizon (and by mid-term I mean daily and weekly) are not too bearish but rather enough bearish to get the price down by April 1st this year. Fundamentally speaking, Blockchain and crypto as a whole are still waiting for a major update. We do not have what it takes to start a bull run and I don't see it happening for a while just yet. Are we seeing early bullish signs in the market? We're possibly seeing yes, with some coins and tokens at least. Enjin coin is pumping with great volumes. ETH is testing trend reversal. Bitcoin is too.
My opinion is this. We will see a pump that would take us right under the huge green line on our chart (that pump has been in play since 17th of December 2017) and then drop back to the red line below to establish just another higher low for bitcoin.
I will not discuss further for now. We need to see confirmation for this scenario by early April and if price breaks above that green line then this whole scenario goes down the bin.
Thank you for reading this guys! Hope you keep track of my analysis and invite some friends to follow me xD
Bitcoin based on 2015-2016 historical chartMade this chart based on 2015-2016 chart. It is possible that we would not get lower than low of Dec 10.
It's a speculation chart based on historical pattern. Although, if this is what we get than we are consolidating between 4500 and 3400 until ~ August. Long term bull run to start in the end of summer 2019. Also look at blue arrows, you can clearly see it becoming more and more vertical.
Look at it as a possibility, not probability! This is contrary to what I've posted before on monthly perspective. We need to look at this from various angles.
Take care!
BTC Repeat of 2014 CrashThe orange/yellow line is an overlay of the 2014 crash from a weekly timefame on the current daily BTC crash. I had to use sections of the line as the time frames this go around have been compressed but it's all there and as you can see we are approaching the breakout rather quickly. My long term prediction is bullish for pretty much the remainder of the year and that this downturn is going to end in roughly half the time of the one in 2014
THE BITCOIN ZEBRA BULL IS BACK! Bulls unite, for he has come.Right now the Zebra Bull is back in full play. After the last time the zebra bull appeared He smashed his entry, then smashed his way up to his third given target. Good job Zebra Bull, good job.
He is back, and there is something brewing. I have linked to the prior idea dated July 4th so you can see how well the levels in bright green from last year were respected- more than most other levels - weird ; )
Now this future Bull Scenario that the Zebra Bull speaks of is displayed in the following. There is a conservative entry, as well as a bullish entry. The targets will be hit, all within the next day, or the next few weeks. We have seen the power of the Zebra Bull before, lets see if he can really help rev up the liquidation engines on shorts. For he is in favour of the longs.
Goodluck,
Namnaste
2014 Bear Run: Fractal, Tailor-Made or AdjustedDear Traders,
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear season.
I don't think it is wise to follow fractals blindly, but it sure is fun.
Only time will tell.
Have fun & take care,
S.
Trading BTC - Historical Average IndicatorGood day traders! This is a newly developed technical indicator.
Defined are two phases of market momentum reversal in relation to Fibonacci.
Outlined is an average curved band for buying and selling. >You could view it as an overlaid geometrically curved RSI indicator. ;)
The average-band is based on 4 different normalized historical datasets of decline and reversals.
Historical Market data:
* Nasdaq 2000
* Nikkei 1990
* Dow Jones 1929
* & Bitcoin 2014
Data window:
I personally use this indicator in combination with traditional indicators to reduce risk, increase trading profits.
Don’t feel shy to give feedback, leave a like or follow
**Progress of BTC with this indicator will be updated
August 2018: ONLY IF history repeats itself in this way...UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself)
Recall from my last post:
We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this?
*I know it's a long shot, but never know! (Isn't all TA long shot?)
*As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict)
*ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
ETH - Historical Data Update As the historical data has proven accurate over the last 2 months, ETH has now found itself in another correction.
If you have been following my previous historical data chart, where I perfectly called the bottom on Ethereum, this should come to no surprise.
As historical data shows that after the first bounce from the bottom, Ethereum will then return back to the .618 retracement zone.
This puts the potential bounce zone around $550 .
IF this zone fails and Ethereum goes on to make a lower low. The second part of this experiment has failed. Regardless, thanks to this data we were able to perfectly call the last bottom, which proves historical data is the key to future predictions.
I hope you have all found this experiment interesting and profitable.
Wish you all the best of luck!
Link to original data experiment:
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.