CND/BTC - Bullish setup, long term trade 500%+ with TPs and SLGood morning lads!
Market is green, and crypto-sun is shining. Today I’m sharing with you one of my very own picks and long term holds. CND is participating in the Token 2049 event in Hong Kong today, together with over 30 other currencies. www.token2049.com
On the technical part of it, CND have been making a rounded bottom curling up and well respecting levels of support and resistance. The cup which we are making now is forming above the low CND made in August 2018. This is a long term hold for me, hence why the targets are quite big.
I have entered CND all the way from 250sats to now, 380sats to get a decent DCA. If you are not yet in CND, I have placed a green box on the chart which would be a nice place to enter, and with the SL at the red line. The SL is very much dependent on your own risk management strategy, so choose this one yourself.
Targets is market in 4 zones on the chart:
773 to 819 sats.
1054 to 1126 sats
1157 to 1331 sats
2252 to 2319 sats
Thats 600% up to the highest target, reflecting the time perspective for this trade.
On the weekly chart, Maxx momentum is showing a loose TTM squeeze with momentum flipping. This week we see the first green momentum pole on the histogram for over a year.
This in combination with the price action is making this a good pick for mid-long term trades. My plan is to hold this coin until all TPs are hit. Beware this could take up to 1 year to play out, so leave this in your long-term portfolio after your orders is set. Also as mentioned, this coin is respecting levels well, so you could make some good short term scalp trades in between the levels. For now it’s important to break above 385 and hold.
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Eth/usd - Theory n pointsTheory of Demark (n points).
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DOGE loves to bark at a NEWMOONWell if nuclear war won't start by September 28 then POLONIEX:DOGEBTC gotta bark as hell and well go through 28, 36, 40 sats; top at 42 sats and consolidate for a week till another rally to a wide range of possibilities I personally think that 86 is the maximum we can desire in this cycle.
Not a trading advice. Just my barktrasting opinion.
NTAP Head & Shoulders Top Gaps DownNTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence that this could be the conclusion and completion level for this top at this time.
Bitcoin - Learn how to see the signs!Your only winning bet at this point is to load up on high performing alts and keep waiting with more cash on hand to see if BTC will drop more(which more than likely will.) To be clear; NO ONE knows what will happen in the future but what I do know is how to read the warning signs of what is most likely to happen. If we look at BTC on the 12H it shows that we've gone under the very important 200MA. This is a sign of weakness and may send us below the green trendline which may lead to a drop to the $9300 - $9400 hundred area. So the 12H is saying that the likelihood of going down is very real and that a big down move is coming soon. Now let's go onto the next timeframe for more warning signs to read.
The 1D timeframe shows us that for far too long BTC's price has been riding under the 50MA and getting rejected, not to mention that we are running out of room in the triangle which is going to force a decision soon -- to go down (very likely) or range sideways (which is also likely.) The one thing this timeframe is not telling us is that we may go up. Going up is not in the cards.
The 3D shows us more independent info as well. We see that we are at the top of the triangle's downtrend line which has proven impossible to penetrate (not good if you want to go up.) Also, the magnetism of the 50MA is calling BTC down to the $9300 - $9400 area.
So for now in some of the most important timeframes, BTC is telling you that it is not done going down.
THE TREND: Going down still.
THE OUTLOOK: Unsafe to buy BTC but safe to buy top 10 marketcap alts.
Be safe and follow me to stay ahead of the curve.
BTC-USD DESCENDING TRIANGLE TOP REVERSAL ?The slightly rising trendlines used in price projection are estimates of the dominating angle where price reacts most to these trendlines.
Descending triangles can be also top or bottom trend reversal patterns.
In this triangle price projection is made from all time high to 0.1360 projection distance.
The almost horizontal bottom of the triangle is at 0.618 projection level -- and the price projection down is at the 1.618 level.
That level meets major previous bottom with the lowest parallel trendline .
Price reactions at 0.786 and 1.00 projection levels should be confirmations of that the trendlines angle is correct.
If price breaks upwards from the triangle -- the price projections down are falsified.
Time to discuss some real shitI see a lot of people comparing this area to the 20k top in 2017. During this consolidation period, sentiment has ranged from extremely bullish to extremely bearish with only a small few that I have witnessed, publicly acknowledge the macro consolidation length and what it may mean.
In 2017, we spent 2 weeks grinding the top of the range before plummeting to a 64% drop from peak *63 days* after we topped.
In 2019, we similarly spent 2 weeks grinding the top of the range but have spent the same exact amount of time ranging 35% up and down as it took the the price to drop 64% in 2017.
There are plenty of other marked differences as well, such as the halving timing, in 2017 the halving had already occurred and people were chasing a fundamental event that was already priced in. Additionally, alt coins are not booming like they were in 2017, there are no speculatively fervent bubbles at risk of the needle prick. People who watched the space balloon in 2017 can't process the fact that capital moves cyclically, like in all spaces. Depending on the length of the underlying cycle things can happen fast or slow, regular or irregularly, but eventually a cycle will be found.
I think that a cycle has been found in crypto. Bitcoin leads the market and peaks near 90% dominance before capital has the incentive to move into altcoins. I don't think we've reached this part of the cycle whatsoever. This usually comes after Bitcoin makes new all time highs.
70 days of 30-45% ranging, with plenty of things like the fear and greed index being extremely low and the fear of recession among retail investors with very little experience tells me that people have risked off but will not shy away from re entering this market as risk-on investors as soon as the prices threatens new highs once more. There is still plenty of money to be invested into Bitcoin.
To some this may seem like a moonboi rant of sorts, but I feel the community is far too bearish at this point in time. We have risen in a manner which implies Bitcoin has entered an entirely new cycle. Nothing on the macro level has really confirmed the suspicion of those who anticipate a drop to 6000, 7000, 8000. There are a record number of people who missed the boat in this cycle, and I believe it shows in sentiment.
The people who didn't miss the lows of the cycle and are exposed safely, or have profited and since rebought and sold many times, will not shy away from Bitcoin. The USD is currently undergoing a massive weakening due to its monetary policy and fiat currencies around the world are plunging because of this as well. There is high levels of correlation between all of the paper money in the world and very little collateral behind any of it. When confidence is high, things are fine, but in times of uncertainty people look away from traditional safe havens and find alternatives. Bitcoin is a unique asset because it is versatile. It can be added to the portfolio as a hedge to particular things, even gold. But it is , unlike gold, also able to be considered a risk-on asset and this means that it has the potential to attract many types of investors.
The date is August 30, 2019. The chart to me, shows a massive consolidation that is preceded by a 300%+ rise. Very rarely in history of Bitcoin does it start a cycle of growth and not finish it in a parabolic blow off. If this was that parabolic blow off, I reckon we would have been -64% by now.
What were you doing on August 30? Were you bearish or bullish?
$BTC 3 Peaks Planif we do follow the 3 peaks pattern then we should see a top here soon.
If we dont breakout and a rejection happens expect $10.2-10.3 to hold as a support.
A breakdown would be bad and mean we will see another micro downtrend. If thats the case expect more downside and a takeout of the local lows at $9k.
Any breakout would mean $18-20k
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns.
Link to my FUSIONGAPS indicator:
An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump.
DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set.
Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;)
See also:
If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~JuniAiko
(=^~^=)v~
3&4hr chart invh&s & fallingwedge nullified. zooming out to 1dayafter the 3hr50ma refused to submit to the bulls at the invh&s neckline thee bears dumped it below the head and nullfiied the 4hr falling wedge at the same time. This is a great example of why selling at a neckline in a correction phase like this can be a very very smart move if you set a smart stoploss buy-in a few pips above the neckline. Since the smaller time frame patterns were getting nullified it was time to zoom out and take another look at the daily chart which we can see a nice falling wedge forming on as well with a strong horizontal support at 8504. That is of course a good sign for the bulls but we must also remember we are under the double tops neckline and have already closed 1 candle below it this could be the confirmation candle for it and if the double top is triggered that drop target is just under 6k! While not impossible I think he 8504 zone will likely be enough of a strong support zone to keep things a float and once the 3 day golden cross solidifies and sustains itself the correction should be finished up and ready to resume bullmode. For now the battle is 1 day falling wedge vs. 1day doubletop