Perfect short at 8600-9000We're still in a bear market and there are multiple resistances at 8600-9000. At 8560-8600 there are 50 day MA and major resistance trendline (log). At 9k we have TD setup resistance line and 0.786 fibonacci from 20-6k movement. Moreover we're on 7 of 9 in TD (Tone Vays ver.), so I expect the price to reverse in 0-2 days from now at 8-9k price range. There are few supports but they are scattered and not defined enough to be important, so I think this will be quite smooth downside movement to the 6k in ~9-12 days from now. The 6k shall not hold this time, but the first targets to take profits are ~6-7k.
Short entry 8.6-9k, don't overleverage.
The first bigger support I can see for mid term is 0.236 fibonacci at 4.8k (1.3-20k movement) to 4970 resistance line.
Search in ideas for "TONE VAYS"
WE Indicator - Based on the Tom DeMark Indicator and Tone VaysWE Indicator is based on the Tom DeMark indicator
Buy/Sell signals are shown in 1-9 sequences, with the sequence reset on failed previous close comparisons.
Buy/Sell signals are also displayed for aggressiveness with 1-13 sequences.
More features being added --
Input Configuration Transparency
Input Configuration: Transparency FIll
Input Configuration: Multi Colour Filling
Input Configuration: Sell Close Comparison
Input Configuration: Buy Close Comparison
Input Configuration: Fill Sell Colour
Input Configuration: Fill Buy Colour
This indicator is in development.
Cheers,
David Stevens (davro | chillierdavro)
BTCUSD: The Judgment Day for whole crypto marketHello,
Sharing a chart analysis based on Elliott Waves, TD indicator, Price Action and volumes for the very first time.
Feeling it’s very important week for the whole crypto market.
You are welcome to throw in your comments, chart adjustments and corrections if I missed something.
The long-term uptrend line that was supporting the price for months (from June 2017) is being challenged for 4th time and the price is below the trend line now.
The bullish wave started on February this year could be considered as failed, as the price is far below 78.6% Fibo.
The downtrend is developing market-wide on declining volumes.
TD indicator on weekly chart is bearish. TD indicator on daily chart close to profit-fixing #9 candle (2 days left). However, looks like the Wall Street people and smart money already left the market or are playing the short play for unknown reasons bringing the death cross (the cross of MA50 and MA200 on daily chart) to the table.
My EW chart suggests we’re still in wave #5 down with a potential target at $4500 level and probably even lower to $2600 and $1300 that Tone Vays has mentioned in his vlogs.
For the EW structure to be proven wrong, the bulls need to activate immediately and close the price above $7100 level and later close above $7500, otherwise the market risks to fall far below the current levels.
This will be a massacre and not just a blood on the streets as the market cap will fall below the interest cap of large players and institutional money we all are waiting for.
The truth here is that even if the price bounces from lower levels, it should be considered as a short-term bounce/speculation but not a bottoming out as there should be wave B (upwards) and then wave C (downwards on daily time frame). In this case, the crypto winter promises to be very long with no chance of significant recovery.
What could we do? Do you like to trade in a bear market and be a bear, demolishing the value of the awesome assets class?
Your ideas are welcome!
Bullish Possibility for Bitcoin (Bullish wedge) I see a Bullish wedge that has been forming for several weeks now. TD indicator is on the hourly 9 which indicates a possible reversal in momentum. Also everyone is bearish at the time. Tone Vays is even considering his back up plans should all of this go tits up.. Too many Bears in my opinion. This is the moment of truth... will be break down or will the Bulls push through?.... Only Time till tell...
God Speed Gents.
A little chart displaying what I learnt about the HyperwaveI learnt this stuff this morning (Aus Time) about the hyperwave on Tone Vays live stream with Tyler Jenkins. It was pretty awesome, epic stuff. I hope I have understood it properly and given a good analysis of the possible scenarios that could play out. BTC has been confirmed as a hyperwave. Cheers
Make or Break: pitchfork vs. 50% fibBitcoin is retracing to the 50% fib line at break-neck pace, and has the potential to break through the 12800 level to new ATHs. Tone Vays daily 9 occurring tomorrowish (Wed & Thurs.) so look for 1-3 days of decision. I'm betting on more down, simply because futures don't close until mid-March, but if we can hold above 12800 for 3 days I'll be bullish as ever. A break of the rising channel would be bearish.
BTC SOLD DISRUPTIVE TECH, NOT DISRUPTIVE INTEGRATIONWE ALL HEARD JAY CLAYTON OF THE SEC SAY THAT THERE ARE MANY DISRUPTIVE TECHNOLOGIES AND VERY FEW ACTUALLY MAKE IT.
IS UNCLE SAM SANE TO MAKE THE OBVIOUS DECISION ON A MONEY LAUNDERING AND BLACK MARKET GROWING CRYPTO CURRENCY THAT PROMISES TO DISRUPT THE FINANCIAL SYSTEM.
EVERYONE MEME'D THE PETRO DOLLAR, VENEZUELA BYPASSED SANCTIONS.
DO YOU THINK ANY COUNTRY IS GOING TO HELP GROW A GLOBAL CURRENCY TO RELINQUISHES THEIR POWER TO ECONOMICALLY AND POLITICALLY SHAPE OTHER NATIONS THROUGH SANCTIONS.
BITCOIN IS A BUBBLE, THE MOMENT COINBASE GAVE THE IRS USER INFORMATION. LOOK AT THE DOJI ON 11/29.
MARKET WAS CLEARLY PROPPED UP #FOMO
DECENTRALIZED AND OFF SHORE EXCHANGES ARE GOING TO TURN CRYPTOCURRENCY BACK TO THE DARK WEB THROUGH NON TAX COMPLIANCE.
LEGALIZE DRUGS, CRIMINALIZE BITCOIN - TONE VAYS
ICO'S GET REGISTERED WITH SECURITIES.
ONLINE GAMBLING BILL GETS PASSED IN US TO STOP BTC DEPOSIT BONUSES.
BITCOIN SOLD DISRUPTIVE TECHNOLOGY, NOT DISRUPTIVE INTEGRATION.
BLOCKCHAIN WILL BE INTEGRATED.
THE IRONY IS NOT WHO SELLS THE BOTTOM, BUT WHOM GETS LEFT BUYING THE TOP - BUBBLE PERSPECTIVE
AS AN ESCALATING TECHNOLOGICAL SOCIETY WE ARE DECIDING ON THE ABUSE OF FREE WILL VS THE ABUSE OF COMPLETE CONTROL OF TECHNOLOGY.
BETTER TO KNOW THE DEVIL, THAN THE ONE YOU DON'T ?
#GAMETHEORY
$BTC correction almost over, need a breakout to confirm!BTC time analysis & other TA combined. people who know Tone Vays know this TD time indicator. the 4h is at a red 8 and in 4hrs is going to give a red 9 which signals a potential reversal time of at least 1 to 4 candle correction. I drew the green arrow for that. we should break out from the falling wedge and test the other blue trendline, breaking both would be bullish and move us upwards. daily we are on a green 7 (flipping to a red 1 now and then) which would mean about 2 more days of upside untill we might hit a green 9, but for that we need to hit an ATH tomorrow to keep a green 8 which is still quite a long way to go, but we have 1,5 days more for that.
Price also hit my Fib calculated green target box from an ABC correction, where it also gave a reasonable bounce form the .5 fib retrade level from this move up. And it bounce from the 50 EMA (white line) as well.
All signs are linging up for this correction to be over soon. What is my next target you may ask? A bit early to ask, could be going to 20K but i want to first see us break out from this corrective trend, will update after.
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The Chart that could save John McAfee's member At first I thought he was crazy assuming BTC could hit $500K by 2020, let alone stake his member on it. Then he doubled down and called for a MILLION by 2020.
Recent movement of 50% gains in a week from $10K to over $15K seems like a curve of unsustainability. BUT if you look at the logarithmic scale chart and go back to 2012 you see a trend line formed way back in the 2012 to 2013 era shows we are just now coming back to that trend line that seemed like a pie in the sky moonshot way back when Tone Vays first drew it. My understanding is he never predicted that it would follow that line or that he would expect it to, yet here it is.
ed supp
If after being two years above the line and now three years below it we are just now going to enter a period of 2-3 years above theline then 1 Million BTC is certainly possible in 2020.
Again, this is DEFINITELY NOT a prediction nor to be construed as trading advice. Anything can happen at these levels, we never test support at $5,000 and $7500, two very significant ceilings of resistance, so always a possibility we are going back to those levels. But with continued mass adoption and about 1% of the population even knowing about this coin there is massive amounts of money yet to come into the market.
The chart that could save MacAfee's memberAt first I thought he was crazy assuming BTC could hit $500K by 2020, let alone stake his member on it. Then he doubled down and called for a MILLION by 2020.
Recent movement of 50% gains in a week from $10K to over $15K seems like a curve of unsustainability. BUT if you look at the logarithmic scale chart and go back to 2012 you see a trend line formed way back in the 2012 to 2013 era shows we are just now coming back to that trend line that seemed like a pie in the sky moonshot way back when Tone Vays first drew it. My understanding is he never predicted that it would follow that line or that he would expect it to, yet here it is.
ed supp
If after being two years above the line and now three years below it we are just now going to enter a period of 2-3 years above theline then 1 Million BTC is certainly possible in 2020.
Again, this is DEFINITELY NOT a prediction nor to be construed as trading advice. Anything can happen at these levels, we never test support at $5,000 and $7500, two very significant ceilings of resistance, so always a possibility we are going back to those levels. But with continued mass adoption and about 1% of the population even knowing about this coin there is massive amounts of money yet to come into the market.
TD Indicator will hit a Daily 9 TodayIn about 8 hours I will try to open a Shortpostion, the TD indicator will bring a Daily 9 which Potentially should lead to a 1-4 day correction (source Tone Vays). In the 4 hour timeframe it should hit the 9 in about 8 hours.
Plan is to Open the Position at 7700 with a StopLoss of 8000, Target about 6800 maybe having a close trailing if it comes to that region.
Notice: Im just a newbie and nobody should Trade based on what I post, its just my Personal oppinion how it should go according to the TD indicator.
Is Bitcoin Ready for One More Up Swing?To some the pullback from $315 to $270 (or ~15%) might seem excessive but in the volatile world of bitcoin the pullback came up short of expectation. Those that follow my work at BraveNewCoin or Twitter @Tone_LLT would have noticed double parallel up arrows placed on the chart two days ago. The optimal situation would have been for the price to fall a little further to the $260-265 zone and bounce off lower green trend line & 50-day SMA support. Nothing in TA is of course perfect and today's big price move certainly changes things and it looks like we are ready for a bounce to at least test $300 once again and perhaps meet/beat the $315 high.
Not everything is rosy however. The MACD has not yet crossed back up and in general remains a bit high. The RSI is in a similar boat having only pulled back to 50. Some might see it as support, but i for one like to see it fall closer to 30 after 4 consecutive hits above 70.
I don't always publish here and only mention the technical but the reason for the current bounce definitely has fundamental factors built in. More light is shed in the following article published last night:
bravenewcoin.com
But the real story is in the Newsletter from two days earlier:
bravenewcoin.com
The Newsletter is free for a limited time so please take advantage for the next few weeks to a month.
Good luck traders, i will try and publish here some more but now that we will be getting subscribers my calls may remain a bit more proprietary.
Tone Vays (@Tone_LLT)
BraveNewCoin / LibertyLifeTrail
Is a Symmetric Triangle forming for BitcoinIt's not a perfect shape in the making but definitely something to keep in mind. Symmetric Triangles can break one way or another and picking a direction is a dangerous assumption that could cause tunnel vision on expectations, but here is the rational for the forecast.
The Symmetric Triangle is forming after a significant down move from the $300+ area. The trick to picking a directions on this pattern is that you want to go with the momentum. We have had a long term down move (16 months), Intermediate term up move (5 months, since the January lows) and a short term down move (2 months since the March highs). So would you say this triangle is happening on the downswing or the upswing? For me 2 out of 3 are down so it's on the down swing and hence statistically, it is more likely to break to the downside for a target that should match the January lows.
Yes, like everyone else i would like to see the price of Bitcoin finally reverse, but we might just have to eliminate all the week hands and proclaim Bitcoin DEAD with everyone short before we can get another exponential wave higher.
Good luck traders. See the latest short articles at BraveNewCoin:
bravenewcoin.com
Tone Vays
LibertyLifeTrail.com
Bitcoin Setting Up for a 50-Day SMA RejectionThe picture is not yet perfect, but we are close. The rejection at the Moving Average will be confirmed with a daily close under $230. The chances of this happening are pretty high and once it does, the price and confidence should drop quickly.
There is very little support under $230 (the $223 Fibonacci on the 120 min chart, $213 recent low, and the round number of $200) All of them are fairly weak and the moving averages are clearly still trending down.
This entire set up is negated with a close above the recent highs of $243 which would also put it above the 50-day SMA. Without getting too greedy, look to take profits around $200 once the $230 level is broken to the downside. Though the chances of dropping under $200 are also pretty high.
Good Luck Traders.
Tone Vays
Twitter: @Tone_LLT
Recent Article: bravenewcoin.com