Trump-Bump CorrectionTrump's presidency was followed by a statistically significant increase in stock prices,(*) which climbed parabolically during anticipation of tax cuts and consequent economic stimulation. Even if Trump's agenda proves to stimulate the economy long-term, at this moment in time, and since February 2018, investors are less confident in their prior rosey economic forecasts and so prices are falling toward long-term 2009-2015 support, which held closer to real GDP growth.
However well Trump's agenda fulfills its promises will determine which of these possible trajectories the future holds.
(*) archive.is
Parabolic
New Call for the Bottom in BitcoinI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019.
I thought that a breakdown from $6,000 to below $4,000 would cause capitulation and then I thought that support would be found slightly below $3,000.
$2,718 to be exact.
I was wrong. That definitely was not capitulation. Now I am very confident that we have a long way to go before find a bottom, falling to $2,718 would definitely not be enough. However I want to be very clear about the following:
A return to phase 1 is not my call for a bottom in Bitcoin', it is Tyler Jenks' call. He has been saying this loud and clear for a long time and he has been mostly speaking to a deaf / angry audience. He continues to be right at each step of the way, yet the large majority continue to doubt / ignore / troll him. Including me, until recently.
"As a technical analyst I know that nothing is 100%.
I am embarrassed to say that hyperwave is 100% in
terms of when you break a phase 2 that you go all
the way back down to the phase 1. In this case it's
$1,000. I would love it if this was the first time ever,
out of 100's of examples, that this is not true." -Tyler Jenks at 17:28 in the following video:
www.youtube.com
I know enough about hyperwaves to have confidence in a return to phase 1 above anything else. I'm not shorting at these prices, stay tuned for the daily update to learn why, however I am also no longer a buyer from $2,700 - $3,000. This is a very important distinction and the explanation mostly lies within the risk:reward implications. There is one more distinction that I would like to make: the difference between bitching out on a great entry that you have waiting patiently for and the times when new information is presented and adjustments should be made accordingly.
I have been planning on buying my Bitcoin back once the price got below $3,000 for months (sold $11,000 & $7,000). Those months felt like years and I have the gray hairs to prove it. However I know that I need to adjust my plans based on new information and I am confident that it isn't due to giving into any FUD. The main reason I am confident about that is because I have fallen victim to fear, uncertainty and doubt one too many times and I know what it feels like. The bottom line is I don't really sense any of that now and that is the main reason I feel like we have a long way to go before capitulation.
Okay, enough of my input. Watch Tyler Jenks podcast on Youtube. Register for his upcoming webinar on Saturday. Then register for his presentation on hyperwaves at Tone Vays' Unconfiscatable conference in Las Vegas. If you do the latter then I will even buy you a beer after it is over and we can talk about all of the money we are going to make!
BTCUSD: Long Term Support — I Suspect We'll See Lower PricesIt's really easy to get caught up in lower timeframe price action, especially when things are looking bullish. I want to play devils advocate here and point out a long term support line (purple) nobody seems to be calling out.
We haven't touched this long term support since May of 2017, and usually do after a parabolic advance is violated. The parabolic advance of the epic bull run of 2017 was violated in December, and we have yet to wick our purple long term support.
Taking a macro view, I suspect we'll see lower lows within a couple months.
$BCHSV Parabolic movement idea - Quick tradeIve been watching BCHSV closely and I belive that if broken, a broken parabolic movement could lead to a 30%-80% fall, and by analyzing Fib retracement it would take to the yellow line zones. If the bull movement persists we might see a new high.
Parabolic Acceleration / CapitulationAfter we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit.
Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So
I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible
the last wave could be a wick and mark the end of the 2018 consolidation. Let´s see!
You will know it´s bottom if you can´t manually trade anymore.
ETHERIUM, LONG TERM GREAT BUYING OPPERTUNITY.Hello traders! What we are seeing currently in alts market is the last stage of "despair" forming. This means the best buying oppertunity for a long time is coming/has come. I am looking at Etherium and it's looking great for a long term buy in now. 85%+ correction from ATH looks like we are in the last stage before slowly starting a new CYCLE. What i recommend is to buy with NO MARGIN or LOW MARGIN if you know what you are doing. We could still go lower you never know but anything bellow 230 looks good for long term. You need to hold for month's/years.
BUY IN BUY ZONE!
BE PATIENT!
Could give alot of profit (100x potential) but could also give 0 if Etherium dies, you decide if you want to enter or not.
Lumber Futures' Incredible Parabolic RunAlmost always, when something goes parabolic then breaks its trend line, the aftermath is brutal. Bitcoin too. Tulips also. Uranium. Gold. Silver. Oil. Etc.
Know this pattern, and profit from it.
-Ian
NASDAQ / D1 : Parabolic risk taking... problems ahead !NOTE : Sorry I misplaced the trump's election in the timeline... Sorry about that little glitch !
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
TSLA buying spot
Tesla buyer:
spot in the green rectangle.
Weekly consolidation chart I expect upward movements in the next 2 weeks.
Possible swimg trade -Resgo Medium high
Horizontal support
If you want more analysis and better set up/education :
I just opened for public my trading group and if you want to follow more in detail and be part of my work day, you can join on a monthly basis.
If you are interested private or telegram @ M0byy
BTC/USD Monthly DXY correlationHi guys ! this is my monthly chart with DXY correlation and its pretty interesting and ofc is a big factor , remember you are trading BTC/USD or whatever currency in our country , but USD is the most important.
Watch close whats going on there guys , if dxy drops , btc go up , if dxy moons btc will drop and find consolidation and botton line hopefully :)
Keep it simple
Whisperer
Dogecoin still 40% + to go!!! VERY MUCH MOMENTUMThis has all the signs and is a good ol' Dogecoin pump : ). Looking at my chart, the ROC (rate of change) of this pump is far more ridiculously faster than any previous Dogecoin pump... This is the time where the believers, insiders, and experts in blockchain get their payday. Dogecoin is far from a meme coin, has been a fully functioning blockchain since it forked from Bitcoin, is in the 10 oldest (and thus most trusted/ not going anywhere, and best of all.... IT WINS THE CONTEST FOR SOCIAL SENTIMENT.
When using SEO tools + the social sentiment tools available on multiple cryptocurrency websites, within the ENTIRE world of well over 2000 coins and tokens... Dogecoin is the most spoken about, when taking the top 4 (btc,ltc,eth, and Bch((cringe)) out of the data, Dogecoin has the word of mouth by magnitudes.
Anyone who knows TA- Scope my chart. Every pump has broken the green line it is currently at, and then kept going at least another 40%. Compared to what most pumps have netted, Doge has about 40% more to go potentially, and then some. Oh and mainly look at the momentum firing from the daily TTM Squeeze.... insane.
There is real FA behind this push. I believe it is the main cause, or a very potent catalyst: ROBINHOOD.
1. All people 30 and younger are not signing up for ETRADE or TOS... They are signing up to Coinbase. This is fact.
2. Those older and within the same age range and all future younglings use Robinhood for Traditional Markets (if they do) because of their 0 Commission platform. It saves you A LOT. Now they have 5 options of Crypto to buy, one of them being DOGECOIN.
3. As Robinhood Crypto is rolled out to more states than 5 (could be 9, don't quote me), tens of millions of people with 100's of millions of hungry money looking to be put at work, crypto cap has nowhere to go but up as the most important door is opened.
4. Like Cramer's dogs name is NVIDIA, mine is named Dogecoin. He didn't know NVDIA's secret to an amazing 2017-2018 was because of crypto mining chips at the time. I did.
5. Books are thick of liquidity.
5. Behavioral Economics. A VERY CHEAP but time tested, and utility bearing coin like Doge, + new market entrants + increased fiat gateways + Eth Bridge + the soon announced partnership with The Moon itself = Vast Majority of People putting at least some, if not A LOT or A LOT A LOT into something that could very easily and just might be becoming The Next Thing.
Questions? Ask away. Trade at your own risk. This is not financial advice. This is more my plan (thats working) towards The Dogenation.
P.S. if you miss this and are reading this - there won't be another opportunity so buy some, um HOT or something.
Namnaste