Triple MA forecastThis script calculates 3 lengths of MAs (short, med, long, defaulted to Tone's preferred weekly lengths) using either the SMA, EMA or WMA and forecasts where the MAs will be in future periods (buy removing the oldest periods and adding future prices based on either current price "flat" or a 3 period liner regressions "linreg".
This was made for Tone Vays, because he is constantly trying to measure 30 bars back to see how the MA will change.
This script also calculates forecasts where these MAs will be in the next 5 future periods.
Automatic mode - price will be based on current price ("flat") or an X-period linear regression ("linreg").
Manual mode - enter your own value('s): let's see where the MA's will be when your favourite equity all of a sudden hits 1 million tomorrow!
Search in ideas for "TONE VAYS"
They maybe are going to get their 43k 20/21 Week MA stab! Bitcoin will finally get a 30% Damp!
If so let's do it and get on with the moon mission!
DCA SATs and HODL!
This is NOT the top!
It does NOT change the MACRO!
This is THE BTD opportunity if it happens!
The BITCOIN Fink has been thinking about my approach.
Good people follow me.
I never post known bearish chARTs on BITCOIN because I don't want to freely help degens.
The Globe is full of Gods people, I'll let Him be the Judge.
It's like helping a "clucker" (Clucker is what we in the South call a beggar on the side of the street or in and around the businesses in Metropolitan areas.) Heck even in the sticks at a gas station in the South.
Hey man can I have a dollar? Will work for food! (Have offered multiple individuals work and they decline). But it's my selflessness that matters not what they do with my money God blessed me with. But I digress....
My point is addicts. I never wanted to arm addicts. Trading Addicts. Those that ignore their Family (like me sometimes) hypocrite I know! That's why I need Jesus! Or those that run up debt with high leverage lottery tickets. (Mastered this, check) Or spending their retirement trying to get rich quick. (Check)
But this is a ChARTing site.
Hardly anyone on here was totally honest out here when I learned. A few!
One of the most followed pages on this site, (magic poop cannon) for years called a 1k Bottom. And called BITCOIN a ponzi. (To scare people to fill his bids).
Tone Bays. Tyler Jenks (RIP) said it had to hyper wave to 1k. Tone Vays called the top at 7k I was watching live! I feel to fill his bids. Most of these people trade the opposite of what they're telling you to do.
Many others that have 100's of 1000's if not millions more followers with the same bad TA.
TA is speculative, and subjective to ones understanding of all the idiosyncrasies involved in trading.
And then there's selling your book.
Evil hearts.
The premise of BITCOIN is don't trust verify!
You should verify ones opinions with your understanding of TA. Looking for a shot caller on TView is not the way.
Looking for a mentor to help show you the way?
From now on I post HONEST posts up and down!
So you can learn TA for yourself and make a logical decision about what to do with your own money!
I saw this dip.
I purposely posted bulltard charts to screw with bears.
It may have hurt others even though I believe this is cheap and Bitcoins going to astronomical numbers, other people may not have the same tolerance as me.
For that I'm sorry.
If you're scared. I've been in your shoes. The bigger the shoes the bigger the fear.
But I know what I'm dealing with.
Bitcoin is way underpriced.
I know positional trading is the way.
I guess that's what the Bitcoin Fink is trying to admit that the world.
I'm addicted to watching Bitcoin ChARTs!
I shouldn't post this much.
If I am a positional Trader you need 2 posts.
One to buy.
One to sell.
Now is not the time to sell.
I will disclose when I am.
👊🏻
HODL!
Bitcoin Pullback. Consolidation Now? Or more downside?⚠️⚠️⚠️ℹ️ℹ️ℹ️
IMPORTANT VIDEO
ℹ️ℹ️ℹ️ ⚠️⚠️⚠️
Last night before my bedtime,
I looked at the Bitcoin chart at 10:00 UTC
I saw a classic double top on the hourly chart. I nearly recorded a video and posted a tweet. I wish I had, although I am delighted to have read the chart perfectly.
⚠️⚠️⚠️ℹ️ℹ️ℹ️ MACD TURNED BEARISH ℹ️ℹ️ℹ️⚠️⚠️⚠️
⚠️⚠️⚠️ℹ️ℹ️ℹ️ First red MACD since 14th September⚠️⚠️⚠️ℹ️ℹ️ℹ️
⚠️⚠️⚠️ℹ️ℹ️ℹ️ CONSOLIDATE or $15k incoming.⚠️⚠️⚠️ℹ️ℹ️ℹ️
I discuss fundamentals and all relevant technical signs including chaikin money flow, key Volume analysis which is bullish overall, a bearish MACD, and Fibonacci retracements.
I discuss the fact #BTC has had 7 weekly green candles, a healthy pattern for #Bitcoin now would be consolidation.
There was high buying pressure late in Asian trading at $17,251
I forecast what will happen between now and the end of 2021, where I think the market will top.
Please note this is all ad libbed and on an ad hoc basis.
What do you think Nic Trades Alessio Rastani Tone Vays Charlie Burton The Market Sniper Crypto Crew University CoinDesk Omkar Godbole
7 weeks of eating greens (candles) I am glowing like a sun tan. All ad libbed like a "live"
No charts had been viewed. I opened the chart I recorded.
Karren Brady Lord Sugar The Claude Littner Business School
This is the future. In a few years you will know me better than you do now reading my prolific stream of tweets and making comments and references to me in hushed tones on radio and television shows.
BTC Bitcoin Bear Hopium of Entering Wyckoff Accumulation** Warning: The timeframe of this analysis will be prolonged if we break resistances of 10k, 12k, and further.
Good day sir, don't think about anything. Here, take a hit of off this Bear Hopium. This is purposefully shown on weekly timeframe, in order to catch some of the significant RSI swings. Do not expect that the drawing will follow the timeline, but I expect this to happen regardless how long it takes.This is important. People think that 5750 was the bottom but that line of thinking is a bull trap. Lot's of people are still bullish on BTC which is not indicative of a bottom. Also, the target bottoms could vary, I just picked 3k because it is the average of Tone vaye's (@ToneVays) prediction (which is 1.3k and 5k). The other areas of liquidity to watch out for is 1300 - 1900. There is also a worse scenario that will bring SOLID permabulls like tone vays to become bears that is when the price goes below 1000 and into the 500s. I guess that will be the ultimate bottom before a point where btc enters a point of no return and just die.
Why go lower? Weak hand Hodlers who bought there that are holding will be Melvins and then proceed to panic sell at break even. And then whales will take their BTC, it's that simple.
Feature points:
-PSAR Break
-RSI Channel break
-RSI Support and resistance
-Price Support and resistance
Long term entry points: Long the sideways weekly bottom
Short term entry points: Short the local top when RSI hits weekly resistance
We are all going to make it
Thanks
Is Bitcoin ready for that $330 breakout?This is an update to a previous graph. Everything is perfectly on track for the $330 target. Things can always turn on a dime, but regular followers know how much i love my triangles and we are now able to draw one with the 3rd hit of the horizontal line at $295.
Current Plan:
You should already be long, if not pick up Bitcoin at $290-295
If it moves against you, don't panic and can even add more in the $280-290 range
if it falls bellow $280 then panic and sell but keep an eye on the rising 50-day SMA, it will provide another chance to go long or perhaps short if that moving average can't hold the price.
I will be adding to my long position on a break over $300 and taking profits at the 200 day SMA which is also the Ascending triangle target. (Time Horizon is 1 to 3 weeks but it's a special skill to get Time and Direction right so I try to stick with direction, it's hard enough)
Good Luck Traders.
Tone (@Tone_LLT) - Head of Research at BraveNewCoin
Here is my final analysis at CoinTelegraph, everything there still applies to current environment:
cointelegraph.com
Bitcoin's Bull Run Now Has Price TargetsThis was a historic Two Month Close . For only the 6th time in Bitcoin's History we have a Green Star Candle on the MRI Indicator. All Prior Green Stars have lead to bull runs of at least 6 months and gained over 100%. All but one led to MRI Tops with the only one that failed to reach it's MRI Top (with Down Arrow) would have been a 2nd consecutive MRI Top, which would have been an unprecedented and unreasonably extended bull run.
We Also have a Cup and Handle Target of $105,000 based on the $45,000 dip in Q3 of 2022 & we have a similar target of $102,000 from the 1.618 Fibonacci Extension which has also been achieved quickly in all prior times of All time High Breaks coming out of a Bear Market.
* All 3 Targets mention above are between the $100,000 - $140,000 Range, which is VERY Conservative for 2025 as the 4 Year Halving Cycle enters its most Bullish Phase!
Thank You,
Tone Vays
BTCUSD: NEW 50% CORRECTION :: FAKE GURUS FAILED AGAINWhy get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
BTCUSD: NEW 50% CORRECTION :: FAKE GURUS FAILED AGAIN
IMPORTANT NOTE: always do your own due dill. do not listen
to fake bottom-callers / fake gurus / sentiment calls.
My own correction warning was posted in October 2021.
feel free to review/replay original trade setup
BTCUSD D1: 30% gains BEST levels to BUY/SHORT Bitcoin (UPDATE)
🔸 Summary of FAKE BOTTOM CALLS / GURU POSTS
November/December/January/February/March
::: Bitcoin Just Flashed Pattern That Historically Leads to Parabolic Price Rallies, According to Top Crypto Analyst
::: Crypto Insights Firm Glassnode Says Bitcoin Bull Market Demand Capable of Absorbing BTC Sell-Offs
::: Veteran Trader Tone Vays Says Low for Bitcoin Likely In, $70,000 BTC Around the Corner
::: Crypto Trader Justin Bennett Says BTC “Setting Up for a Run” While Analyzing Three Popular Altcoins
::: Strong Institutional Holders Moving Into Bitcoin , According to Cathie Wood of ARK Invest
::: Crypto Sitting at the ‘Sweet Spot’ of Very Strong Bull Market, Says Macro Guru Raoul Pal – Here’s Why
::: Top Crypto Analyst Says Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC
::: Bitcoin in Midst of ‘Textbook Uptrend’, According to Crypto Analyst Benjamin Cowen – Here’s Why
::: El Salvador ‘Buys the Dip’ Again and Purchases More Bitcoin Amid Price Pullback
::: Crypto Strategist Predicts Strong Bitcoin Bounce, Maps Out Potential Capitulation Levels for Ethereum
::: Don’t Count on Buying Bitcoin at $30,000, Says Crypto Analyst Justin Bennett
::: Bitcoin Forming a Price Floor on Its Way to $100,000: Bloomberg Report
::: Bitcoin Bottom In? Top Analyst Says Bearish Case for $25,000 BTC Invalidated
::: On-Chain Analyst Willy Woo Says Bitcoin (BTC) Could Become a $20 Trillion Asset Class
::: and a billion other bottom calls from FAKE GURUS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BITCOIN - Lets Get Bearish 😄BTC here could still have a minor bounce, but whether it does or doesn't is now somewhat Irrelevant I think - if it does bounce it will probably be quite weak so now to have a look again and a longer term projection and where more significant BTC bottoms may be found.
And so it looks to me a high probability that the recent upthrust was a connective upthrust, and due to this BTC should have another leg down either equidistant in ratio of phi related.
On the chart I have drawn one possible scenario. I have said for a long time that I think this bear market / correction will be of higher degree than previous i.e. a supercycle and so this is a projection based on that.
However once the bear market is fully underway just as with the bulls, the bears will become overconfident, and I was also in this boat previously, but my goal here is to become the best chartist not protect the most fragile ego with bold projections that never come to pass. I actually missed the start of the previous bull cycle in this way, but also I had decided I would not play my hand differently to the experience around me as I'd only been charting a year at that point and was somewhat clueless.
Anyhow Tyler Jenks and others were wrong, the chartist that I learned elliott wave, fibs and other tricks from was very wrong and Tone Vays although looking more like he should be in some fast car hollywood film was right.
The point is that the psychology I think is just as important as the work on the chart and so I endeavour to keep an open mind - not just boast a target that will never get hit and although plenty of bulls have thought that is what I'm doing, 20K was always somewhat modest imo.
And I'm starting to see it already; chartless humpty dumpties now coming out with ultra bold targets 13K 9K 4K etc and also claiming that they've had those targets a while. It is a fascinating psychology in trading.
So this is why although I have my supercycle count I also am keeping an open mind that there may not be another wave down to take BTC to trend lower than the 200WMA for the first time. There is a chance BTC does not do supercyles and we have yet to see one, so I think its important to temper that judgement.
However, BTC has also not seen an index bear market and I have that in my mind also - and a bear market is coming - oh yes it is. There may be some drift or it may fall here but a significant and volatile correction will come and there is also the possibility that crypto will experience a complete washout.
And if that happens it will be quite funny to look back at my 20K target and think of the angry chest thumping hodlers if BTC does have a major implosion - but that is the way with bubbles. And thats the million $ question - is BTC in a bubble and is it about to pop ? And if you want my best guess I'd say yes, but only if indexes allow. We will see.
So essentially I have 2 scenarios for now.
1) Standard bear market. BTC wicks through and rebounds from the 200WMA sometime later this year, hits 20K, maybe down to 16K perhaps into start 2023.
2) Washout and ??? 10K maybe, or could even be much lower.
Number 2 is why I dont buy based on hope, ego or laziness. If you buy based on any of those then good luck you are going to need it. I might even call these "the 3 trading sins."
And you might find it strange for me to say this but following without work = laziness. Following can get you so far but in the end there is nothing better than doing your own work because when you follow you make a lot of assumptions about the person or group you are following and most likely those assumptions will be wrong. That said you can of course learn from following, work and make what you learned your own.
And there was one troll here I wont bother to say his name, but he was a real billy-big-balls; asserting that he doesnt like the "nerd" aspect of charting and he'd rather delegate. But really what could be more dumb than delegating the control of your money to a stranger 😅. And btw for anyone that is in signals groups - they just use harmonic patterns and get alerts when to dish them up to you. So they could be high as a kite playing computer games for all you know with you funding their "lifestyle" as they dish up automated signals to you. Its a great idea (signals, not getting high), because so many reside in those "sins" and these guys make a massive profit from it. Vince for example - what a genius, I'd love to shake his hand. Also MarkPMarkets with 6 screens in the background. These guys know craft, they know how to sell.
Also worth noting is that anyone that uses money is effectively a trader. If you're a farmer using money and you have a plentiful harvest, make a lot of money, but the national currency gets washed out and so do you, well its a very harsh lesson but it was your due diligence to have an awareness of the stability of the money you used.
Anyhow I digress.
And as I'm having a bit of a ramble, for anyone thats still reading I had thought to make my own group as I was gunning to become a pro trader and I thought a group could be a pleasant additional and essentially passive income. And I wont go into personals much however I'm on a different path now and just make these posts for fun, but thats ok you get my good and bad calls for free 😄. And you never know maybe one day i will make a group where i can go deeper into TA for aspiring chartists with video and whatnot, but for now I'm focused on other things.
Well thats enough rambles for today and see you at 20K.
BTCUSD: 50% CORRECTION :: FAKE GURUS :: BOTTOM-CALLERS FAILEDWhy get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
BTCUSD: 50% CORRECTION :: FAKE GURUS :: BOTTOM-CALLERS FAILED
IMPORTANT NOTE: always do your own due dill. do not listen
to fake bottom-callers / fake gurus / sentiment calls.
My own correction warning was posted in October 2021.
feel free to review/replay original trade setup
BTCUSD D1: 30% gains BEST levels to BUY/SHORT Bitcoin (UPDATE)
🔸 Summary of FAKE BOTTOM CALLS / GURU POSTS
November/December/January
::: Bitcoin Just Flashed Pattern That Historically Leads to Parabolic Price Rallies, According to Top Crypto Analyst
::: Crypto Insights Firm Glassnode Says Bitcoin Bull Market Demand Capable of Absorbing BTC Sell-Offs
::: Veteran Trader Tone Vays Says Low for Bitcoin Likely In, $70,000 BTC Around the Corner
::: Crypto Trader Justin Bennett Says BTC “Setting Up for a Run” While Analyzing Three Popular Altcoins
::: Strong Institutional Holders Moving Into Bitcoin, According to Cathie Wood of ARK Invest
::: Crypto Sitting at the ‘Sweet Spot’ of Very Strong Bull Market, Says Macro Guru Raoul Pal – Here’s Why
::: Top Crypto Analyst Says Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC
::: Bitcoin in Midst of ‘Textbook Uptrend’, According to Crypto Analyst Benjamin Cowen – Here’s Why
::: El Salvador ‘Buys the Dip’ Again and Purchases More Bitcoin Amid Price Pullback
::: Crypto Strategist Predicts Strong Bitcoin Bounce, Maps Out Potential Capitulation Levels for Ethereum
::: and a billion other bottom calls from FAKE GURUS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Suckers...They fall for it every time.
All while screaming at the guy trying to warn them.
"If you counter trade me in your dreams you better wake up and apologize!" I loved that movie. Reservoir Dogs... He didn't say counter trade he said "shoot"... But counter trade works here so there's that...
Anyways. This Thanksgiving is going to go somewhat like 2017.
Mom, Dad, Sis, Bro, Uncle Jack, Aunti Jill you gotta buy the Bitcoin dip! Shilling their families trying to relieve some anxiety as this asset gets heavy to hold.
The next day new Coinbase accounts. Dead Cat Bounce time!
They let them drive it up and they have a Christmas Present and a New Years' gift for them.
A big ol' can of DAMP EET!
Causing Denial and Panic for a bounce at 20k... Fo' another dead cat... Or as Tone Vays says... Dyead Kyat Bounce.
Then Capitulation and Anger... Which leads to depression. For a bottom around 7-8k IMHO.
It's funny to read these comments coming from impatient Gen Z'rs who made 5k on a DOGE pump and think they know everything.
Fink, you said that 10k was coming in June.
No! I said 18-24 maybe even 36 months!
These things take time and patience!
You'll learn to have patience if you are going to hold these bags. Best get them forearms jacked! These bags gonna be heavy!
Fink out!
P E A C E!
I am like a thorn in BullTards' side!
Yearly candles are telling a story... You can run a perfect (5) wave on this chart.
If that yearly candle closes as a gravestone doji.
The ABC correction will go under the 4th wave.
Between $2,500 and 1k should be the next bottom if this ChART is correct.
How many you think will HODL this and talk about SATs being the standard if this plays out? Saifadien Ammous will be a laughing stock. Plan B will disappear. Stock to flow will be a joke. You can't come up with new nonsense like on chain metrics and think you rediscovered the wheel no matter how smart Willy Woo sounds or is. It's always just old fashioned tools that work best. Simple math instead of this new crap where you walk around the block to get across the street.
This is VERY probable and VERY possible.
If only Tyler Jenks was alive. Tone Vays would still be hyper wave to 1k. Who the hell knows what he's saying today. But I stopped listening to that guy when he called a 7k top in 2017.
I need to start working on my coarse or write a book for the bottom. I'd sell a million courses and books. 😆😉
But then I would owe you something. This way is pure and undefiled.
Take no part in the unfruitful works of darkness, but instead expose them.
Ephesians 5:11 ESV
WARNING! BULLISH DIVERGENCE ON BITCOIN!! NEW LONGS ACTIVE!
Timestamps:
00:00 Intro
-------------------------------------------------------------------------------------------
Depoist and earn a bonus up to $1610
0.01 BTC | $15
0.02 BTC | $30
0.05 BTC | $50
0.1 BTC | $150
0.2 BTC | $300
0.5 BTC | $500
I make Bitcoin & Cryptocurrency videos to showcase How to trade Bitcoin & other Cryptocurrencies. Videos cover everything from bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ethereum, tron, stellar, binance, cardano, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market,
A Fibonacci Case for 250K BTC in 2021Using a weekly chart from the beginning of price discovery in logarithmic view, I found some very interesting confluences using Fibonacci Retracements, Time-based Fibonacci, and a Gann Box . Starting all three tools at 1/3/2009 and price point zero, connecting the dots backwards in time based on the cycle tops of 2013 and 2017 I was able to discover the time-based cycle and the price based cycle with a confluence of both time and price. It seems that the following things occur:
- After the first halving date, the future halving dates and mid-cycle dates align exactly on, or extremely close to Fibonacci numbers.
- After the 2013 top, the trend defined itself inside of the 0 and 1.0 Fibonacci channel which was a fractal of the 0 fib and 0.236 retracements from the tops of cycle II & III
- After overlaying the Gann box with time-based Fibonacci arc's displayed, All three previous cycle tops and bottoms fit nicely within support and resistance inside the upper channel.
- By plotting the dates halfway between the halving dates, it showed that the price tends to cross the 0.5 Fibonacci line both times during cycle II & III at nearly the exact date.
- Because of Bitcoins stock to flow ratio and fixed supply, I believe that time is more important than price. So, the precision in which the halving dates align with Fibonacci numbers lead me to believe that the
retracement levels and arcs are valid.
- I removed the 50-day moving average, but it is interesting to note that the price never fell below it during the bull part of the cycles
I've heard price predictions for 2021 at anywhere between 221K and 330K from several people (Max Keiser, 1trillionUSD, Tone Vays) I follow and research. I trade using Wyckoff principles and Demark Sequential indicators, but I do strongly believe in cycles. with Bitcoin , I think that the Fibonacci based information that's available to us can almost pinpoint to some degree where its price point will be in monthly time frames.
The next step for me is to try and apply some principles I'm trying to learn from the Spiral Calendar studies by Chris Carolan. I would not be surprised if the 27-year cycle and Bitcoin have a close relationship in conjunction with this chart. Based on the spiral calendar reading, 43 moon phases from the cycle III top is July 9th 2021. ( New Moon ) 1299 days from 12/17/2017 is a Fibonacci number. Also 3.618 x 365.25 days = 1321 days. Somehow this is all related.
July could be a very interesting month for Bitcoin .
It feels and sounds just like Sept 2017 all over again!Some think the top is in.
Schiff, Talib, and others are aggressively poo pooing BTC. Dan Pena and NOURIEL ROUBINI were the 2017 douchebags.
Tone Vays was calling back to 1k, he once again is saying Bitcoin is in trouble.
1.618
2.272
That is all you need to know!
DCA SATs & HODL...
NPX, ~ 0.006. What now?Both goals, 0.0054 and just below 0.006 are achieved. The red arrow above the candle represents a 1-4 candle correction (MRI indicator from Tone Vays)
On the chart you can find another red arrow above the candle after the last swing high around 0.0045. After that there was a 1-2 candle correction, then the rise, and then bitcoin decided that all the coins should fall.
Attention - there may not be a correction.
But if it does, the possible entry point is around 0.5 Fibonacci. It's about 0.0045.
Disclamer: all decisions are your own.
5 wave incoming (target 70k-75k) Bullish on chain fundamental. BUY THE DIP GUYS.
Technical factors
-RSI reseting itself into the buy zone.
-5 wave impulse incoming (elliot wave theory)
-Fibonacci key levels match to perfection
Also there is a lot of bullish on-chain metrics happening right now. Where woonomic and Tone Vays cover in this 1 hour video (www.youtube.com)
BTC1!: CME TD 9 Bear Trap Buy SignalCautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive.
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com
Inverse Head & Shoulders Fracta - Deadcat to $9.4K?
A few possible scenarios:
Short BTCThe Weekly time frame tell us that we are heading towards a 5k for BTC. I am using Tone Vays TD Indicator for this analysis I am bearish even though we have not exhausted the trend since the wedge that I have badly drawn gives this indication. Plus second wave of Covid and stockmarket decline due to covid and go away in may any increase will be short lived money managers moving their money around for short to medium term investments.
BULLISHHEY. TONE VAYS IS BULLISH. IT MUST BE REAL.
LOOK FOR A BREAK TO THE UPSIDE ON THIS FALLING WEDGE. I'M NOT SO SURE IT'S A BEAR FLAG/PENNANT. BTC HAS BEEN BREAKING THESE BULLISH RANDOMLY SINCE THE CRASH.
ALSO. CHECK THE 50/200MA ON THE 2-DAY. CAN'T PUBLISH IT HERE WITHOUT IT BEING 'PRIVATE' -BUT EVERY GOLDEN CROSS IN BTC HISTORY HAS CAUSED A BULL TREND ALMOST RIGHT AWAY.
-WILL BE WATCHING THE PA CLOSE.
**MARCH 29 - 31 ARE SIGNIFICANT DAYS IN BTC'S CYCLES. SIGNIFICANT 8 YEAR CYCLE -2012, BTC HAD A 50.200MA GOLDEN CROSS AND ENTERED A BULL TREND GAINING %5258%.
WE'RE EXPECTING A GOLDEN CROSS IN THE NEXT 12 - 36HRS
SENDING OUT A FREE ANALYSIS FOR THE PRICE OVER THE NEXT MONTH. SHOOT ME YOUR EMAIL AND I'LL SEND IT TO YOU.
WHAT'S EVERYONE LOOKING AT HERE?