LONG TERM BOLLINGER BANDS ON M/WK/D MODEL As well as two long term Trend line are as well , bullish sentiment .Every time over the bull market once we have got outside the B bands on monthly by 75 to 82 sp points a very sharp decline followed , THE UPSIDE IS NOW LIMITED TO 2985 TO 3015 Not my 3061 to 3181 . also the VIX MODEL AND P/C NOW . MOVING...
Today I want to focus on 2 fundamental metrics that aim to call Cycle Tops and Cycle Bottoms in Bitcoin:
Daily Mining Income (USD)
Through the analysis of the USD equivalent Bitcoin Mining Revenue, we can forecast future bottoming areas.
When Bitcoin topped in 2013 at $1163, it set the bar for the mining income level around $5.1M...
Oil has made a huge rally past months, without any corrections. I did not touch it for a while, but think we have a good chance this time to short it. More factors in favor now for the first time in a while.
The double top is something i saw yesterday, so unfortunately the entry is less great now, since it's already at the neckline of the double top. But that...
T he major market index is the only index in the world to reach a new all time high and now has a double top . THE NYSE HAS HIT THE LONG TERM DOWN TREND LINE NEAR MY TARGET 13010 TO PEAK ON 4/8 AT 12970 . BUT THE XMI SEEMS TO BE TELLING ME THAT THE SECOND HIGH THIS WEEK IS THAT OF A WAVE B TOP WAVE A TIMES 1.618 = WAVE C FORECAST AND IT BOTH TARGETS A...
keep moving in the triangle
sellers are not visible
the probability of a bullish mood is higher
just remember that the market is not a friend, but a live ecosystem,
takes away from some and gives to those who adapt to the market.
how do you think my thoughts?
I copied the price movement from the bitcoin top in 2013/2014 to the top in 2017, assuming the next top is at the same percentage change and timeline as the last top-to-top this is what the price will look like.
On the UK100 1hr chart we can see a double top.
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm...
Good morning lads!
Market is green, and crypto-sun is shining. Today I’m sharing with you one of my very own picks and long term holds. CND is participating in the Token 2049 event in Hong Kong today, together with over 30 other currencies. www.token2049.com
On the technical part of it, CND have been making a rounded bottom curling up and well respecting...
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.75 - .... and fall to the @1.70. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.70
The other day when I posted my SPY chart this is what should have posted. I guess the window I had opened that I hit publish on didn't have the finished chart.
This is the rest of the points that were supposed to be included
Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...