The big shake is coming?Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run:
Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns:
1. Just like in any market, when fear holding their assets they are panicking, and this is why usually crashes are much much stronger then rises... as you can see I drew the falling momentum, first the yellow lines which formed a descending triangle (The are between blue and ground yellow is area of interest which usually acts as strong support by previous candles), then came the fear (red line) which broke below the support levels, then came the panic sells (crush with last candle that used the support level as strong resist)...
2. Bearish candles are much more active (And I bet that the next one is going to be bigger then the last green one)..
3. Many indicators show bearish (if we check weekly/monthly), but I wanted to focus on my favorite 3:
* OBV (I usually call it "buying power volume" as some of you noticed, because with this I can confirm if the buyers have enough power to hold higher levels) -
- What is interesting is that many times when OBV goes below last higher highs it usually falls harder because bulls losing momentum (fuel), so just like we passed below higher high on the previous parabolic run, we now seem to pass below the higher high from the previous parabolic run - means we gonna fall harder towards the last OBV support.
- Accumulation/distribution - Just like on previous bull run we can see that distribution is taking stronger effect (usually happens after we see that the accumulation is distorted at top, just like before we can see the same going on now)
- Macd - As I mentioned before I don't like to see these "over sold" indicators that every one are talking about - on small TFs, I love to watch these on bigger TFs.... and guess what we see? exactly, reversal, EXACTLY THE SAME as on the previous parabolic run....
So tell me? on bigger picture, what do you guys see?
* PS1: I don't say that BTC is dead, I just say that it is going through a normal correction like we had on every bull run ever.... I'm still a 100k-1m BTC vision-er like always.. but as always I do say that FA and SA sux nowdays (Just like when I said they were when we got to 14-20k last time)....
* PS2: As I always say, TA's are just probabilities out of endless possibilities, but as we are human beings we can sometimes be wrong, why? because markets work on emotions, and emotions change fast, I see bearish, but it doesn't mean that it is absolute... let's see where we go :)
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Phases
Bitcoin's Market CyclesI know you've probably seen this kinda chart around many times, but this is only for a reminder.
In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline.
There isn't much to say really since iv'e outlined the phases and cycle on the price chart along with how long they each last with their % gain, but iv'e outlined the main topics.
Four Main Topics
- Bitcoin Phases & Cycles (names of phases & idea not mine)
- 20 Weekly Moving Average from Bollinger Bands (this comes from filbfilb - check him out on here, twitter and telegram)
- Puell Multiple (easily outlines tops and bottoms)
- Non Linear Regression Curve (easily outlines tops and bottoms)
The reason behind this post is because I see many folks on various social media platforms expecting price to go lower, seeing 7k, 8k mentioned often, but by looking at this price chart can't help but disagree, who knows maybe this time around the cycle might break.
When to Get in Before Next Bull Market?
Look out for 20 weekly moving average and whenever price touches during the re-accumulation phase enter into long position and forget about it. This will most likely be your last and best chance of getting in before the next cycle starts. I first saw this pattern spotted by filbfilb
When & How Sell the Top and Buy the Bottom?
Puell Multiple (make sure it is in logarithmic scale)
- Sell into the red area or close to it (don't have to be exact with it)
- Buy into the green area or close to it (don't have to be exact with it)
Non-Linear Regression Curve
- Sell into the upper band
- Buy into the lower band
In conclusion, the way I see it is this price chart is the only one, one could ever need. Why? Because it easily calls the tops, bottoms, when to buy, when to sell, phases within the cycle. Maybe I'm bias because it's my own chart or because cycles repeat just like in everything else.
Hope you enjoyed the read; simple and short, but trading/investing is best done this way.
If you liked it, like it and comment! Thank you
from accumulation to distribution: trading plan for pound aud
hey traders,
on pound aussie we have a very good example of market phases.
pair is now approaching a decent level of resistance,
and the market leaves multiple clues of bulls exhaustion.
first of all, analyzing volumes,
we see that smart money dont buy anymore,
and prefer rather to sell:
also, we have weakening overbought rsi with clear divergence,
and formation of a head and shoulders pattern.
all these things signify the distribution market phase.
last thing that we are waiting for is the violation of a neckline.
then we can freely sell the market with the targets based on structure.
good luck!
How shitcoin can help us to find BITCOIN Bottom ??!!Hi people, hope you have good trading week!
So, I found similar crash pattern on STRATIS, and it consist of
a-b-c-d-e-f phases by now.
In a phase we can see major bullrun.
In b phase we can see 70% drop from ATH (you can measure it on chart using Shift+Click)
In c phase we can see correction from phase b drop, and making new lows in zone where phase a was started.
In d phase correction from phase c to levels near b phase drop.
In e phase small correction of phase d and making new lows under phase a starting zone.
In f phase i expect some relief and sideways in few weeks before bull run (smaller that phase a )
Can we use same analysis on BITCOIN?
I think so, if we going to make similar markup of chart with phases, possibly we are in phase c , and now we are near good correction from this drop, and possible will go up to phase b levels (5600-6000).
Thanks for attention, if you have some thoughts on Bitcoin, please share it in comments section.
PS I still expect 3000-3100 (or even 2500$ with flash dump) to touch, it is possible so take care of your portfolio, dont take too much risk on only one level, try to average your entry.
Hope all good and stay profitable!
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is there a pattern behind the larger BTC pump waves? Looking at the 1 day candle here in BTC USDT on binance we are observing a potential large movement incoming.
Do you recall our prior discussion about the "types" of trading sentiment active during periods of time and how the whales often work on slower time intervals than the common traders? If not check out our brief discussion of the types.
Well, we are wondering if we can test this theory by making a prediction about what happens over the next 3 days for BTC as there appears to be some conditions aligning for a good test.
In this case we are looking for the daily chart to find some key points here regard BTC . Specifically we are talking about 4~5 day periods of upward movement at specific angles followed by pumps.
However we need to clear this next daily candle on the green...
Or do we?
Judging the action of crypto by the candle is difficult as this market is irrational and often based purely on speculation and psychological forces rather actual market forces..
Or is it?
One could alternatively consider that if they held a significant stake in crypto economy at large that they would want to use their asset to help "market make" rather than just having it sit idly and do nothing... This is in essence standard procedure in normal markets, though regulated.
I do believe that people often underestimate the power that larger wallet holding groups have and that they miss the role they play in moving the market. Crypto is highly manipulated in this regard. You could imagine that we are dealing with a market where everyone who is a big stake holder has the opportunity for insider trading in a purely speculative fomo based market. Yet there is also foreseeable future real value that could blow up so immensely that it keeps people in the game searching for profits.
For this particular charting what we are looking at is a break down of chart elements consisting of,
Upward movement over a period of 4 days
angle of trend above 49
timing in close proximity with phase matched to prior moves up.
easy susceptibility of traders to fomo at this time due to recent BCC rush.
So we make a theory, to try to understand what is going on with BTC .
Rather than predicting the price we are focusing on what mechanisms are controlling BTC price movement because there is certainty that it is not purely the mass traders but that there are deeper controls and manipulations.
We expect another big move soon.
#BCDBTC Volume Analysis Prediction 8/30/2018Hi, friends.
Here is a situation at Bitcoin Diamond.
Down impulse was completed by fixing.
After that we saw a correction wave and then new fall wave with minimum update (retest of fixning).
First the price formed a balance with the range 1440-1720. But then the price made a false break out to 1820.
So the new wide balance is 1440-1820. The price will accumulates in this corridor.
In addition, we have another balance (narrow at this time) with the borders - 1505-1625.
We a narrow balance in the wide balance. But do not worry, this is normal.
If the narrow balance goes up (breakout 1625) the price will jump to 1800. While we are rotating in the narrow balance, we must work only from it's borders.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
B
Phase Changes & Events So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up at one point - I think I should share it with you
I hope you feel the same way. I hope you learned something with me!








