1. No DeMark 9, Bullish Engulfing Pattern
2. DeMark 9, Bullish Engulfing Pattern
3. DeMark 9, Doji, DeMark 1, Morning Star
2. DeMark 9, Bullish Engulfing Pattern
3. DeMark 9, Doji, DeMark 1, Morning Star
Comment:
bleh, messed up point #1 description. need breakfast. :P you get the point.
Comment:
BTCUSDT Daily Analysis:
- WEEKLY TD 1-8 COMPLETED. THE 9 BEARISH EXHAUSTION CANDLE HAS NOT (YET) MANIFESTED.
- TD FLIPPED TO A GREEN 1. ASSUMING THAT THE LACK OF A 9 REPRESENTS A LACK OF SELLERS,
WE MIGHT WELL EXPECT NEXT WEEK'S CANDLE TO BE A 2>1 BUY SIGNAL.
- STEVE NISON'S PB&J (PULL BACK TO SWEET SPOT) STRATEGY MOVING AVERAGES WILL CONVERGE
AROUND THE TIME OF THIS EVENT AND AT PRESENT MOMENT THE SMALLER MOVING AVERAGE IS
PROVIDING SUPPORT, IN OTHER WORDS, NISON SHORT TERM BUYING INTEREST IS FINDING SUPPORT.
- AT THIS MOMENT, PB&J STRATEGY FAVORS SHORT POSITIONS, SELLING ON ANY TOUCH/EXCESS OF
EMA 30. A MOVEMENT INTO 8500 IS LIKELY TO BE A TRAP FOR EARLY BULLS.
- ASSUMING A TRAP FOR BULLS / TRAP FOR BEARS COMBO WOULD BE A GOOD SIGN OF OPERATORS
ACTING IN THE BACKGROUND, ABSORBING SUPPLY BEFORE BREAKING OUT OF THE 7850-8500 RANGE.
WAITING FOR ENTRY CLOSER TO OCTOBER 28TH AFTER SUPPLY EXHAUSTION (DOJI) IS A SOUND BET.
BUYING ANYTHING LOWER THAN SMMA 6 AT THIS POINT WOULD BE THE SWEET SPOT.
- MACD SHOWS THE BULLISH SHIFT IN THE MARKET'S CHARACTER SINCE THE BULLISH ENGULFING PATTERN
OF 07 OCTOBER, THIS BULLISH TREND LOOKS SECURE.
- ADX SLOPE PROFILE APPEARS TO BE FORECASTING A DECISIVE MOVE. THE SLOPE SHOULD TURN SHARPLY.
- OBV/EMA 24 RESISTANCE IS BEING REGULARLY TESTED WITH VOLUME PROFILE GIVING A BUY SIGNAL
ON THE TALL WHITE REAL BODY OF 20 OCTOBER. ANTICIPATING A HIGH VOLUME MOVE SOON LOOKS OBVIOUS.
- ALL FISHER TRANSFORM INDICATORS LOOK LIKE THEY'VE TAKEN THEIR SAFETIES OFF AND ARE READY TO FIRE.
FISHER TRANSFORM IS AT -0.23 DEVIATION AND MOVING TOWARDS ZERO.
- WEEKLY TD 1-8 COMPLETED. THE 9 BEARISH EXHAUSTION CANDLE HAS NOT (YET) MANIFESTED.
- TD FLIPPED TO A GREEN 1. ASSUMING THAT THE LACK OF A 9 REPRESENTS A LACK OF SELLERS,
WE MIGHT WELL EXPECT NEXT WEEK'S CANDLE TO BE A 2>1 BUY SIGNAL.
- STEVE NISON'S PB&J (PULL BACK TO SWEET SPOT) STRATEGY MOVING AVERAGES WILL CONVERGE
AROUND THE TIME OF THIS EVENT AND AT PRESENT MOMENT THE SMALLER MOVING AVERAGE IS
PROVIDING SUPPORT, IN OTHER WORDS, NISON SHORT TERM BUYING INTEREST IS FINDING SUPPORT.
- AT THIS MOMENT, PB&J STRATEGY FAVORS SHORT POSITIONS, SELLING ON ANY TOUCH/EXCESS OF
EMA 30. A MOVEMENT INTO 8500 IS LIKELY TO BE A TRAP FOR EARLY BULLS.
- ASSUMING A TRAP FOR BULLS / TRAP FOR BEARS COMBO WOULD BE A GOOD SIGN OF OPERATORS
ACTING IN THE BACKGROUND, ABSORBING SUPPLY BEFORE BREAKING OUT OF THE 7850-8500 RANGE.
WAITING FOR ENTRY CLOSER TO OCTOBER 28TH AFTER SUPPLY EXHAUSTION (DOJI) IS A SOUND BET.
BUYING ANYTHING LOWER THAN SMMA 6 AT THIS POINT WOULD BE THE SWEET SPOT.
- MACD SHOWS THE BULLISH SHIFT IN THE MARKET'S CHARACTER SINCE THE BULLISH ENGULFING PATTERN
OF 07 OCTOBER, THIS BULLISH TREND LOOKS SECURE.
- ADX SLOPE PROFILE APPEARS TO BE FORECASTING A DECISIVE MOVE. THE SLOPE SHOULD TURN SHARPLY.
- OBV/EMA 24 RESISTANCE IS BEING REGULARLY TESTED WITH VOLUME PROFILE GIVING A BUY SIGNAL
ON THE TALL WHITE REAL BODY OF 20 OCTOBER. ANTICIPATING A HIGH VOLUME MOVE SOON LOOKS OBVIOUS.
- ALL FISHER TRANSFORM INDICATORS LOOK LIKE THEY'VE TAKEN THEIR SAFETIES OFF AND ARE READY TO FIRE.
FISHER TRANSFORM IS AT -0.23 DEVIATION AND MOVING TOWARDS ZERO.
Comment:
Comment:
This is a lot of info, but this is the market from my perspective now. If you find it helpful or have any insights, please tag me and share your perspective.
- I placed Baseline (chart-type) zero line in between Nison strategy buy zone (between SMMA 6 & EMA 30.
- I hid the Nison Moving Averages and added Phi EMAs 144 (yellow), 305 (orange), 610 (red), and 1292 / 2584 (brown).
I think the visuals suggest a pullback / test of change of polarity (resistance turned support) either at EMA 305 (orange) or between Nison MAs at $8,300. Somewhere thereabouts.
Should today's candle close as a Shooting Star, candlestick analysis sets resistance at the height of the candle, $10,350.
Baseline Chart:
Candlestick Chart:
Shooting Star Resistance, $10,350:
High Wave Candle on Weekly translates to "The market is confused":
Monthly is (currently) a Piercing Pattern, drawing support at $7,293.55. Let's draw an upward channel between fibs, and note, price reversed bullish in PB&J strategy buy zone (SMMA 6 / EMA 30):
The same view on Weekly, the circled area is a Bullish Engulfing Pattern, setting support at $7,714.50:
- I placed Baseline (chart-type) zero line in between Nison strategy buy zone (between SMMA 6 & EMA 30.
- I hid the Nison Moving Averages and added Phi EMAs 144 (yellow), 305 (orange), 610 (red), and 1292 / 2584 (brown).
I think the visuals suggest a pullback / test of change of polarity (resistance turned support) either at EMA 305 (orange) or between Nison MAs at $8,300. Somewhere thereabouts.
Should today's candle close as a Shooting Star, candlestick analysis sets resistance at the height of the candle, $10,350.
Baseline Chart:
Candlestick Chart:
Shooting Star Resistance, $10,350:
High Wave Candle on Weekly translates to "The market is confused":
Monthly is (currently) a Piercing Pattern, drawing support at $7,293.55. Let's draw an upward channel between fibs, and note, price reversed bullish in PB&J strategy buy zone (SMMA 6 / EMA 30):
The same view on Weekly, the circled area is a Bullish Engulfing Pattern, setting support at $7,714.50:
Comment:
The Spinning Top was overcome. Demand is strong. 10K was likely simple profit taking but there was no bearish candlestick reversal pattern, thus no resistance drawn. Assumer 1-9 bullish momentum.
Comment:
Nison PB&J Golden Crossing (SMMA 6 / EMA 30). Welcome bull market.