The positions available on the micro timeframes today line up with the macro perspective really well. It's a clear chart and I'm happy trading this volatility throughout the week!
Lead-in: angle not too flat, not too steep - visual assessment okay (scale varies, ~25-50 degree angle for reference) Bump: angle should be ~50% greater than lead-in angle Bump validation: distance from bump line to highest high should be at least 2x the distance of lead-in line to highest high Reversal: look for top patterns and descending peaks Run: once...
The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move. This will be the beginning of alt season. When...
BCHUSD The logic of this deal is on the chart!
This prediction is drawn on the Bitcoin Liquid Index on a logarithmic scale with the halving cycles visible. It shows that next longterm price top will be end of March 2021 at around $76,000 USD.
CoinSavvy here with a price update on Bitcoin . Things have changed, and I want to update my analysis and my trade game plan. I have exited my Bitcoin position as it closed multiple 4-hour candles below $8400 (see “Bitcoin: Higher Time Frame Breakout Series – Daily” linked at the bottom of the page) for my setup there. I had entered in around $7400 ever since the...
Bitcoin has increasing price with decreasing volume on it's attempt to recover from that bear move... Not what the bulls want to see, I see this next target somewhere around $7,750 This will kick off bearish divergence on the daily, 2 day and 3 day time frame whose indicators are already starting to turn over... I will post that in a separate article. Coin...
Some soft signals that this is potentially the top today. Super high risk so position sizes should obviously be small.
The Seljun pattern has a very high probability of locating long term tops and bottoms ... and has formed on the S&P500 .... A final confirmation would be a weekly close below 280 on SPY
Does the profit booking started for Kotak Mahindra bank , Tweezer top and OPEN=HIGH formed on top of the chart ? expecting it will go down from here.
BTC has been fairly steady within a somewhat defined channel. It broke slightly below this channel momentarily and looks to be rebounding right back into the very same channel where it was before. If it tests the top of this same channel I will look to short the top and long the bottom of the same channel, and repeat.
Double tops seldom decline steeply. The current price has not dropped through the top completion level. If it breaks through that support, the target downside run gain is around $78.
What a week. Since the beginning of the week at May 6, XBT/USD has increased over 36%. Some say it is manipulation, others say that the bull run is in full effect and there is no looking back. While I don't personally disagree with either of those opinions (of course the crypto space is manipulated), we must still pay attention to long term trends! Last bull run,...
What's coin on? Well, there is a lot of things I could describe here, but I won't, because I charted pretty much everything relevant to my current bias. All indicators are indicating top, and potential reversal here. I could be wrong, but that option is less likely. Some indicators have still to confirm bearish divergences, but one thing is for sure, this rally...
This is my first and (maybe) only trading idea on TradingView, but I think it's important to share. With the global economic growth slowing and multiple pressure points looming (Brexit, trade war, political unease around the world), SPY is flashing a double top on the weekly, and technical indicators are showing significant bearish divergence, building since...