Historical Data Experimentplease note: this is not a complete trading idea. This analysis is entirely based off historical data.
Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top.
The chart above shows the percentages and ratios I collected from the 2013 crash that were then overlaid onto the recent Bitcoin chart.
Creating the possible route Bitcoin could take IF it follows the 2013 path.
The percentages & time frames that were collected are shown in grey. The red and green colors shows what I expect to happen based on the data.
The chart below shows the percentages collected for this 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.
End
DXY: Dollar Index Dollar Downtrend Finally Reaching its EndDXY Dollar Index Dollar Downtrend Coming to an End
Despite the spike and noise surrounding CPI numbers
yesterday DXY has been forced back down the same small
parallels it was travelling down before the numbers hit the
newsfeeds. As in last comment Dollar bulls still have the
double bottom on their side here. The last one was one week
apart, this one is 2 weeks apart. The Dollar is likely to hold
here at these lower levels and then begin to rally. It's waiting
on Wall St to open now but bears in London have failed to
push it below the double bottom. A sign of waning downside
momentum. Once it can break above the upper small parallel
guiding the descent it should attract more buyers and move
back up to test the 89.37 line where it will likely meet
resistance again...it has to push on through here during the
course of today for the bulls to gain more traction and flip
DXY into more positive mode from this point. This battle may
take some time to resolve - DXY has to fight its way through
three lines of near term resistance at 89.37, 89.51 and then
89.62 to turn back to positive again. Look to buy dips here
and on the pairs with stops under 88.40 on DXY for small loss
if wrong from here. Increase longs on move above the smaller
upper parallel.
On downside, DXY will have to break below 88.40 today to
change this view to near term negative but only back to 87.70
at lowest where DXY should find final support and begin to
rally again. But so long as 88.40 holds up today the Dollar's
downtrend is finally coming to an end.
[BTC/USD] MA100 Support can end this correction ?Hi,
I just saw today we have hit again MA100, and if you look at history the last time we have break MA100 it's on 10/2016. So after approx. 36 days in hard correction i think we can go up again and end this hard time.
In my opinion Bitcoin will up this week.
It's just my analysis, trade at your own risk.
*I saw some down trend will during 34-36days, and we are at 36days of correction so it's can be possible..*
Counterparty and the mickey fractal. A "LONG" lovestory.As I would prefer to keep this description box clean, and let my fellow traders figure it out themselves I will keep it short but powerful (dutch expression, lol).
To be seen in the chart; a massive "mickey fractal" to which I will share a link in the appendix that refers to this magical fractal that is to be spotted frequently in cryptocurrency. Charts become wisdom when specific mighty fractals are spotted- this is one of them. Counterparty has been accumulating for years which can be seen in my previous XCP chart, and now- on weekly/monthly basis a breakout is very near; perfect in line with the massive altcoin breakouts that WILL be happening STARTING this/next week. Bear in mind, this is a logarithmic chart- VERY rapid huge movements will occur. As I would say;
Anticipate the movement,
The end is near.
When bulls remain bulls and bears become bulls,
Pull the trigger or all shall lose.
Be careful, be long, but not too long.
Kind regards,
Gabriel Molenkamp
APPENDIX
Mickey fractal comparisons;
1. twitter.com
2. twitter.com
PS: This is my trade, and is not meant as advice.
EURJPY End of Uptrend?DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Talk about an uptrend! But as we all know, this cant last too long. Evidence: The highs on Monday 5th and the highs on Wednesday 8th. Forming here a resistance (blue line) two days apart. If we look at the hourly chart the movements after the 8th were small. Not much happening or showing confirmation that the uptrend will keep going. But there are also no new lows. So I've marked a support level from December 2nd that was almost tested on December 8th. Let's wait and see what happens but this could be a good short if that support is broken and indicators are strong. For example look at the RSI. It's been getting oversold all this past week.
CAC 40 and the world: the End soon after the short at 4700August 31, 2016
Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100
I would go long now until 4700. Some bad resistance will have to be taken away at 4600 and 4666.
It will drop from 4084 to 4709 in a single week. Probably in summer 2017 (August here). The ultimate target is around 3050-3100. Then I would go bullish until 4450 (May June 2019) then reshort a bit. We shall see !
NZDCAD! Strong Breakdown!Hey guys! Been so busy with stuff that I haven't got the chance to post! I found a really really strong H&S setup where the trend is about to break!
This is what it looks like on the 4H chart:
What influenced my decision:
-Strong trend on 4H
-Price failed to make a higher high
-H&S pattern shows up
Good luck guys! May the pips be with you!
NHF , growth, discount to NAVThis is one CEF that I have been following for a while.
Technicals... BB are compressing and looks like set for a big move, likely higher. Coppock stick bullish, KST is not bad.
Currently trading at a near 14% discount to NAV.
www.cefconnect.com
Long-Term Decision PointI'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a bearish divergence would be produced and it might be some time before the price attempts to break this trendline again. On the other hand, if the bullish scenario happens, we could see some seriously bull action in the medium to long-term.






















