Comment:
The Weekly Hammer in combination with TD Sequential 2>1 and correlating Western technical indicators makes this an instant buy.
Comment:
Weekly is the only chart that matters. Add MA 50, TD Sequential, Hammer support, and iFish Adoptive Stochastic. These bullish reversal signals are happening after a 0.618% Fibonacci retracement from the A13 bottom to Doji top. You need nothing else to buy.
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Profit Targets:
50% - 9700
30% - 10700
20% - 11500
50% - 9700
30% - 10700
20% - 11500
Comment:
Trend Lines
A downtrend line is drawn from the All Time High (Point A) to the next highest peak just below $14,000 (Point B) . An uptrend line is drawn from the first higher low following "the bottom" (Point A) to the first bullish candlestick under $7,000 (Point B) .
Candlestick (Hammer)
Steve Nison describes the pattern psychology this way: "After this last burst of selling, new buying has started. This rejection of lower prices is indicating a change in balance between bulls and bears. The net result: lessening of bears' confidence of sustainability of lower price levels (and a reason for bulls to start getting more optimisic)."
Indicators
(A) Bollinger Band - The purpose of Bollinger Bands is to provide a relative definition of high and low prices of a market. By definition, prices are high at the upper band and low at the lower band.
(B) Stochastic - The general theory serving as the foundation for this indicator is that in a market trending upward, prices will close near the high, and in a market trending downward, prices close near the low.
(C) DMI's purpose is to define whether or not there is a trend present and to determine trend direction.
(D) Tom DeMark Sequential (not shown) - TD Sequential attempts to isolate prospective exhaustion points in ranges and to anticipate market tops and bottoms.
A downtrend line is drawn from the All Time High (Point A) to the next highest peak just below $14,000 (Point B) . An uptrend line is drawn from the first higher low following "the bottom" (Point A) to the first bullish candlestick under $7,000 (Point B) .
Candlestick (Hammer)
Steve Nison describes the pattern psychology this way: "After this last burst of selling, new buying has started. This rejection of lower prices is indicating a change in balance between bulls and bears. The net result: lessening of bears' confidence of sustainability of lower price levels (and a reason for bulls to start getting more optimisic)."
Indicators
(A) Bollinger Band - The purpose of Bollinger Bands is to provide a relative definition of high and low prices of a market. By definition, prices are high at the upper band and low at the lower band.
(B) Stochastic - The general theory serving as the foundation for this indicator is that in a market trending upward, prices will close near the high, and in a market trending downward, prices close near the low.
(C) DMI's purpose is to define whether or not there is a trend present and to determine trend direction.
(D) Tom DeMark Sequential (not shown) - TD Sequential attempts to isolate prospective exhaustion points in ranges and to anticipate market tops and bottoms.
Comment:
In Combination
Where and whether to place uptrend line (Point B) is subjective, however let us consider that a confluence of signals are suggesting that this is the beginning of a new demand wave. We have a bullish candlestick reversal signal (Hammer) off of Point B. By definition the low of the Hammer is support. Bollinger Band (A) indicates that prices are low. Albeit a Hammer is a trend reversal signal and draws horizontal support, what does DMI (C) say about the trend? ADX (yellow) defines a market as trending when its value is >= 20, and range bound when < 20. In our case, ADX is 22.5722. The Key to ADX is SLOPE! ADX is nearing parallel and approaching 20, the cutoff level for a trending market. What does this say? The current trend, whatever it is, appears to be near an end. In our case -DI (red) is > +DI (green), showing that the trend belongs to bears. Let's bring it together. Is it correct to draw Point B of the uptrend line at the low of Hammer? We entered a selling wave at Point B of the downtrend trend line with resistance at the top of the Doji, near $11,000, with ADX declining ever since. The indicator is telling us that momentum is at a turning point, -DI and +DI are parallel and slowly converging, this is an indication that the trend is near to changing direction. Here's something special, consider the SLOPE of ADX as the key to visualizing the strength of the move. When Bitcoin moves here, watch ADX make a sharp turn, and see either +/- DI follow. The higher price grows beyond 20, the stronger the trend. ADX is at the perfect pivot point for an explosive move. Fine, let's move on. Assuming a bullish reversal, Stochastic (B) indicates that prices will close near the high (of the indicator). Note the bullish divergence between price and Stochastic which preceeded the Hammer off of the Bollinger Band low. TD Sequential (D) printed a 1 on the Hammer, and a 2>1 on this Week's new candle, a buy signal. The assumption based off of Tom DeMark's algorithm is that bullish momentum will try to grow until the 9th Weekly candle on February 10th, where the buying wave will be exhausted. While not shown on the chart, price retraced 61.8% from the previous high. Let's do the psychology thing. 1) We had $20,000, 2) the uncharted fear that price may fall to $0, 3) support near $3,000 with the hope that we would break the All Time High. 4) We actually got up to $14,000 and have retraced 61.8%. Doesn't psychology dictate that this is the next big GO? We should now try to break the downtrend resistance drawn from Points A to B. Whether we succeed or fail is irrelevant at this moment. It just adds up.
Where and whether to place uptrend line (Point B) is subjective, however let us consider that a confluence of signals are suggesting that this is the beginning of a new demand wave. We have a bullish candlestick reversal signal (Hammer) off of Point B. By definition the low of the Hammer is support. Bollinger Band (A) indicates that prices are low. Albeit a Hammer is a trend reversal signal and draws horizontal support, what does DMI (C) say about the trend? ADX (yellow) defines a market as trending when its value is >= 20, and range bound when < 20. In our case, ADX is 22.5722. The Key to ADX is SLOPE! ADX is nearing parallel and approaching 20, the cutoff level for a trending market. What does this say? The current trend, whatever it is, appears to be near an end. In our case -DI (red) is > +DI (green), showing that the trend belongs to bears. Let's bring it together. Is it correct to draw Point B of the uptrend line at the low of Hammer? We entered a selling wave at Point B of the downtrend trend line with resistance at the top of the Doji, near $11,000, with ADX declining ever since. The indicator is telling us that momentum is at a turning point, -DI and +DI are parallel and slowly converging, this is an indication that the trend is near to changing direction. Here's something special, consider the SLOPE of ADX as the key to visualizing the strength of the move. When Bitcoin moves here, watch ADX make a sharp turn, and see either +/- DI follow. The higher price grows beyond 20, the stronger the trend. ADX is at the perfect pivot point for an explosive move. Fine, let's move on. Assuming a bullish reversal, Stochastic (B) indicates that prices will close near the high (of the indicator). Note the bullish divergence between price and Stochastic which preceeded the Hammer off of the Bollinger Band low. TD Sequential (D) printed a 1 on the Hammer, and a 2>1 on this Week's new candle, a buy signal. The assumption based off of Tom DeMark's algorithm is that bullish momentum will try to grow until the 9th Weekly candle on February 10th, where the buying wave will be exhausted. While not shown on the chart, price retraced 61.8% from the previous high. Let's do the psychology thing. 1) We had $20,000, 2) the uncharted fear that price may fall to $0, 3) support near $3,000 with the hope that we would break the All Time High. 4) We actually got up to $14,000 and have retraced 61.8%. Doesn't psychology dictate that this is the next big GO? We should now try to break the downtrend resistance drawn from Points A to B. Whether we succeed or fail is irrelevant at this moment. It just adds up.
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With Indicator labels, sorry. :)
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Daily would be a 9-13 Combo if I'm right...
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Buy Now.
Target is Weekly TD Countdown (13) Sell at $10,831.95
Daily Perspective:
- 0.618 retracement is the bottom, accumulation level.
- The High started the selling wave.
- TD Setup 9 Buy culminated bearish momentum.
- TD Countdown 13 Buy culminated bearish trend.
Weekly Perspective:
Target is Weekly TD Countdown (13) Sell at $10,831.95
Daily Perspective:
- 0.618 retracement is the bottom, accumulation level.
- The High started the selling wave.
- TD Setup 9 Buy culminated bearish momentum.
- TD Countdown 13 Buy culminated bearish trend.
Weekly Perspective:
Comment:
Daily Perspective:
Steve Nison:
- PB&J (Pullback to Sweetspot) strategy
- PB&J Shadow-30 strategy
Circle = SMA 10 / EMA 30 Golden Cross
Arrows = Longs
Steve Nison:
- PB&J (Pullback to Sweetspot) strategy
- PB&J Shadow-30 strategy
Circle = SMA 10 / EMA 30 Golden Cross
Arrows = Longs
Comment:
I've adjusted my sell order to $8,400.
- Nison TT9 (Trading The 9) strategy is about SMA 9/30/50 Golden/Dead crosses.
- Hammer on TD S13 with SMA 9/30 Golden Cross.
- SMA 50 is just above Ichimoku demand line.
- Breakout of Ichimoku demand line and SMA 50 is the impetus for strong buying, at 7550 psychological demand price.
- TT9 SMA 9/30/50 will all Golden Cross.
- The target is a perfect confluence of Ichimoku supply line, downtrend line, and Fibonacci 0.5.
- DMI +DI shows bulls are in control. ADX shows room for trend strength above 20.
- When ADX increases sharply above 20, bullish trend strength activates Stochastic indicator principle. Sell when Stochastic is above 80.
- TD Sequential is on 1/9, leaving 8 days of room for bullish trend.
- Public buying happens at the top, under Ichimoku demand line and downtrend line. They try to "buy the breakout".
- Nison TT9 (Trading The 9) strategy is about SMA 9/30/50 Golden/Dead crosses.
- Hammer on TD S13 with SMA 9/30 Golden Cross.
- SMA 50 is just above Ichimoku demand line.
- Breakout of Ichimoku demand line and SMA 50 is the impetus for strong buying, at 7550 psychological demand price.
- TT9 SMA 9/30/50 will all Golden Cross.
- The target is a perfect confluence of Ichimoku supply line, downtrend line, and Fibonacci 0.5.
- DMI +DI shows bulls are in control. ADX shows room for trend strength above 20.
- When ADX increases sharply above 20, bullish trend strength activates Stochastic indicator principle. Sell when Stochastic is above 80.
- TD Sequential is on 1/9, leaving 8 days of room for bullish trend.
- Public buying happens at the top, under Ichimoku demand line and downtrend line. They try to "buy the breakout".
Comment:
3K low -> 14K high 0.5 Fibonacci retracement 0.5 level exactly matches Ichimoku supply line on both the Daily and Weekly charts, 8400. Moe's H (Harmonic) Ratio is 8468. I have a full sell order at 8375. An incredible number of people buy at the top of Ichimoku Clouds, at resistance. It's super reliable.
The sell signals on indicators are going to be clear as day at that level. iFish Stochastic should hit 0.886. That will likely be one of the simplest sell signals. Wait for candlestick confirmation.
Vertical lines are 1) Daily TD 9 sell, and 2) Weekly TD 9 sell.
The sell signals on indicators are going to be clear as day at that level. iFish Stochastic should hit 0.886. That will likely be one of the simplest sell signals. Wait for candlestick confirmation.
Vertical lines are 1) Daily TD 9 sell, and 2) Weekly TD 9 sell.
Comment:
LOW VOLUME ALERTS (L) indicate huge bullish move soon.
Comment:
Order cancelled:
Weekly Nison TT9 Dead Cross
Daily Nison PB&J No Golden Cross (rejection)
Daily Volume Alerts - must have indicated significantly lower bullish interest
Daily DMI - Potentially explosive selloff incoming
Daily Fishers SELL
Daily Nison PB&J No Golden Cross (rejection)
Daily Volume Alerts - must have indicated significantly lower bullish interest
Daily DMI - Potentially explosive selloff incoming
Daily Fishers SELL
Comment:
Took Profit. Buy pullback into sweet spot.
Buying the H&S "breakout" is elementary trading. It's the obvious place for the public to lose money. This is why it occurred on TD 9 Sells at prior resistance with oversold indicators. Nison H4 PB&J buy back target is exactly at the level where it would be a test of COP (Change of Polarity), resistance becoming support. All the volume fomo => "what goes up must come down." Sweet spot buy back levels: 7400-7500.
Without MAs & With MAs:
Buying the H&S "breakout" is elementary trading. It's the obvious place for the public to lose money. This is why it occurred on TD 9 Sells at prior resistance with oversold indicators. Nison H4 PB&J buy back target is exactly at the level where it would be a test of COP (Change of Polarity), resistance becoming support. All the volume fomo => "what goes up must come down." Sweet spot buy back levels: 7400-7500.
Without MAs & With MAs:
Comment:
Nison COP (Change of Polarity) breakout strategy entry & stop loss:
Comment:
NISON PB&J BUY SIGNAL (Shadow-30 Pattern):
"This shadow flushes other traders out of their position."
"This shadow flushes other traders out of their position."
Trade active
Comment:
SL below the low (7777) of previous H4 candle.
Trade closed manually:
I just got out of my long. What's it look like to all of you? I've got buy orders with PB&J. Just above SMA 10, as that has been very attractive for falling knife buyers, and mid way between SMA 10 & EMA 30 for mid Sweet Spot. Keeping some on the side for deeper pullback. Stop Limits @ 8400 & 8100.
Trade active:
Opened Trade At 8500.
Short-Term Bullish Perspective>
- 0.5% retracement of previous tall white 4H candle ws 8500. This was hit, buy orders were triggered. Nison Fib training explains that a strong market shouldn't have price fall deeper than 50% in these circumstances. The Weekly chart is absolutely bullish, suggesting that any pullback should be short-lived and overcome when the main trend continues.
- Retracement happened at logical level per TD Sequential and Daily Nison horizontal resistance. This was in the books, not anomalous.
- Price pulled exactly into PB%J strategy SMA 10 sweetspot. Deeper Sweetspot is at 8000 level, so that is the next excellent buy order entry level.
- m15 chart has several hours ago printed a TD 9 Buy signal, which occurred outside BB oversold band. Current candle paints Aggressive TD Countdown (13) Buy signal, along with a 12. The next candle will be a Sequential 13 Buy signal.
Short-Term, I see us having a rally now. 8900 is an area to watch out for resistance, this is m15 PB&J EMA 30 resistance. I'm supposing that a failure to overcome this level with volume may be the cause for pullback deeper into the 1D PB&J EMA 30 level at 8000.
H1 9 Buy Setup is in m15. This adds weight to a rebound now.
m15
H1:
Short-Term Bullish Perspective>
- 0.5% retracement of previous tall white 4H candle ws 8500. This was hit, buy orders were triggered. Nison Fib training explains that a strong market shouldn't have price fall deeper than 50% in these circumstances. The Weekly chart is absolutely bullish, suggesting that any pullback should be short-lived and overcome when the main trend continues.
- Retracement happened at logical level per TD Sequential and Daily Nison horizontal resistance. This was in the books, not anomalous.
- Price pulled exactly into PB%J strategy SMA 10 sweetspot. Deeper Sweetspot is at 8000 level, so that is the next excellent buy order entry level.
- m15 chart has several hours ago printed a TD 9 Buy signal, which occurred outside BB oversold band. Current candle paints Aggressive TD Countdown (13) Buy signal, along with a 12. The next candle will be a Sequential 13 Buy signal.
Short-Term, I see us having a rally now. 8900 is an area to watch out for resistance, this is m15 PB&J EMA 30 resistance. I'm supposing that a failure to overcome this level with volume may be the cause for pullback deeper into the 1D PB&J EMA 30 level at 8000.
H1 9 Buy Setup is in m15. This adds weight to a rebound now.
m15
Comment:
8461.37 would make for a Perfect Buy Setup on H1.
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I see an attempt to overcome 8200 developing.
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9200
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Very Bullish