I have been spending less and less time looking at the 4 hour chart and have removed that part from the title. Moving forward the daily update will primarily focus on the 1w, 3d and daily charts. Outlook 1-4 weeks: bullish 4 weeks - 12 months: bearish > 1 year: super bullish Projected Bottom: $4,975 = 20% likelihood | $4,000 - $4,200 = 30% | $2,500 = 15% |...
Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that. Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle Horizontal support and resistance: R: $6,500 S: $6,200 BTCUSDSHORTS: Threatening to...
Outlook: 1-5 days: bearish 6 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260 Horizontal support...
Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday . Outlook: 1-6 days: bearish 7 days - 1 month: bullish 1 month - 6 months: bearish 6+ months: super bullish Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then...
I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many...
Hello hello! Alt season again? ONT has broken into oversold on the daily chart. In its current spot, it's find a bit of support with confluence, and is showing a "9" on the TD sequential. I'm not entirely convinced yet, especially if BTC takes another dip. If we don't reverse here, I'll be looking at the green box for a reversal. Could provide some very nice...
Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend. Today is Sunday and we only have a few hours left before the weekly candle closes. We are on a red 8 out of 9 on the TD Sequential...
Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development. Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't. Let’s start...
Yesterday we narrowed in on major areas of resistance and outlined why I believe $7,770 - $8,150 will be a great area to build a short. Since then we have shown weakness as the price failed to rally through $6,800. Today we will be checking to see if it still looks like the rally can get to $7,700+ as well as going over the reasons why I am staying out of the...
Current Outlook 1-2 weeks: neutral-bullish 2 weeks - 12 months: bearish 1-2+ years: Super bullish Yesterday we went over the reasons why I changed my short term outlook to neutral/bullish for the next 1-2 weeks and today we will narrow in on how far this bounce can go. The last 4 hour candle challenged the resistance cluster at $6,724 and appears...
The Weekly and Daily will be closing right around the time this is being published. Some of these charts are messy, but the indicators or trend lines are there for a reason, I am working on simplifying my charts. Looking for some signs of a bottom & there are a few that are slowly developing. Weekly (Above) We are on a red 6 with the T.D. sequential as can be...
BITTREX:XMRBTC finds itself in a similar spot as the last few times it found a bottom (see clouds). BITTREX:XMRBTC very rarely makes it to a completed "TD Buy Set UP" for the weekly time frame. In fact, it has historically bottomed in week 7 (which we're in currently) just as it makes a bearish fall beneath the 50MA. The last 2 weekly 7s (had you bought the...
ONT is currently a good short. it is at horizontal resistance it has a bearish divergence on the 1hr SRSI RSI is nearing overbought region it is currently in an ascending wedge, which is a weak pattern but tends to break down It is in the OTE entry zone for shorting It has a larger bearish divergence on the 4hr SRSI 4hr is on 8 count for Tom Demark...
SP:SPX @ critical level on weekly chart while also flashing a Weekly TD ell Set Up. If orange line (last top) fails to be taken out this week (weekly 9) then at least a short-term correction likely. Daily chart below shows how a completed Sell Set-Up failed to take out the orange line so far this week with today on watch for a color flip to a red 1 on the...
With BTC falling for the past month and half we've seen alts absolutely slaughtered. Although it can be risky, I like these times for beginning to build positions in some of the more mature, stable alt-coins that I like. Things I like looking for 1) 50%+ retraces against BTC 2) 80%+ retraces in fiat value 3) TDBuy Signals NEO is @ the top of such a list and...
Hey guys, I've seen a similar Wyckoff sketch for BITFINEX:BTCUSD on twitter recently and I thought I'd draw it out for myself(while adding what I suspect to be yet another Bull-Trap to end it) and try and get some feedback from people who are more familiar with this pattern than myself. I've been buying in the low 6000s all week so I certainly want to know if...
Assuming we see a close today below 6450 we are setup tomorrow to see a slight pullback on lower Sunday trading volume (as is the current trend for weeks). If we see tomorrow's close below 6302 we are in a nice territory to see a reversal next week to kick off at least a 1 to 4 day of slight upward momentum before the market decides to pull back further or make...
This is very long but I would like to be thorough in this analysis, so stay with me. I warned throughout that the entire bounce off of support that the rally was not healthy and a breakdown needs to occur. We got the breakdown right out of the symmetrical triangle that has formed over the last several months. What IS healthy is this breakdown , I would...