13/05/2020 -3This one is from the 2 hour, I makes the smaller drawings on the chart alot more visible.
I do expect a drop in the coming days/weeks, possibly over the weekend although I am unsure of where exactly we are going from here onward as many outside factors are now in play which makes this alot more difficult.
I have seen alot of shake-outs with REKT longs and short positions, I do have a theory but I will hold off for now and update soon.
Thanks!
Updates
13/05/2020 - 1Update.
Changed chart to make it look better lol.
Show some rustic S/R lines dating back a while that BTC seem to have been respecting. Long term resistance yellow line and long term support.
The white dotted lines are the lengthier S/R lines I was able to draw on my chart for as far back as my chart data takes me.
I will post LTF's to make the levels and patterns more visible.
EUR in possible buy and possible armonic pattern formation!!!In this technical analysis. EURO/US Dollar in H4 Timeframe we see that a possible armonic pattern in formation or incluse a possible breakout, so, I do not enter until this par make a confirmation a buy or sell if EUR/USD break down the simetric trangle from 52 days. And also, we can see a possible bullish divergence in RSI that we need to keep watching this par, it's a very interesting to entry them.
So, my next step for this par it's hope to EUR/USD arrive at thiz green zone to hope a candlestick pattern and take and have a confirmation to take my decision using the price action.
Also, in this screenshoot in weekly timeframe it;s my proyection of elliot waves cycle that we are do.
HSBC Pushing Upwards...HSBC is the best bank stock to buy and hold right now. Note the hold element in that statement. Take security in the support level mapped out @ 20.50. This is very likely to hold, but we could be in for some consolidation here. It's very likely that HSBC will hit the target in the 'entry price'. From there, we have two scenarios.
One is that it lifts off from that target due to the local support within the range charted. If this happens, then we can expect HSB to hit our target with very little effort.
The second scenario is that it consolidates and goes slightly below our entry, before potentially falling through/holding that level and sitting tight for a week or two. We need sufficient volume in this situation and we should be looking to get a safe entry at all costs. Whilst the volatility is residing, we can take a technical outlook and chart onwards from there. For now, however, I think the idea presented works perfectly in conjunction with what the chart says to us here. I would expect this target to be hit by the 1st June at the latest, but as early as next Tuesday.
09/05/2020Another update.
Thinking back to previous charts I have posted and looking like the long term resistance has been broken...BUT... is this pre-Halving hype taking over or are we in for a correction sooner rather than later?
RSI looking oversold, MACD converging on itself and a long way from zero on the histogram the looks to be turning bearish. The long yellow support line only goes back just over a year but is still relevant as a support as it has only been broken through on the 'black Thursday' dump from which we have recovered and are now trading and testing the highs of 14K again.
IMO, we have tested this resistance alot ore than we have tested the support, I think the hype could be having a malor effect on this price movement as we have seen almost a $500 from the $10K mark overnight. I think BTC is oversold and most likely because of the recent news. All indicators, excepting price, are calling for a rejection and a correction.
I do see the correction coming either pre or post Halving but a healthy pull back is what we should be looking for.
If BTC can break the 10K mark then 10.5K would be the next target to break for a continuation upwards possibly to the 14K mark, although my opinion is we will correct sooner than we can break, giving me an estimated target of 9.5. If that continues to break down I thing the next stop would be 9.3 and further again 8800s.
All my own predictions and charting what I think. I know the descriptions are unclear but hopefully the charts are not as bad as my descriptions.
IMO, Bitcoin is oversold with the news and hype for the Halving and past the correction we were due for so maybe we wont see it happen for another month or so but I have no doubt we will see the correction. How large, and exactly when...I do not know though I would be ready for it when it comes.
I use other indicators also and most are telling me the same, the TD_Seq has also not changed and has been calling for a reversal for a while after printing a 9 top green yet as the price continues to rise, this has not changed.
Difficult times to trade and with the Halving on Monday, after weekend prices, I am very sceptical* of the moves we will see over this weekend and in the coming week post-Halving.
Trade responsibly, be careful with SLs and the weekend trading bots that are moving this market as we all see it today.
(I am having a bit of trouble with my tradingview account right now but hopefully it will be resolved and I won't have to start over again for those who see my ideas)
Thank you for taking the time to view my chart and if you think differently then please do feel free to comment and tell me what you think, I am very open to other ideas and would happily check them out and compare to my own.
PEACE!
24/04/2020Some historical examples of double tops leading to dumps and double bottoms leading to dumps.
**Chart only goes back one year and is very compact, without recent price movement included**
Will do a more detailed chart as best I can and publish also, although my recent targets have been invalidated, I still stand by my predictions given the current economic situation.
The mass adoption is rapidly becoming even more apparent throughout the days now, large intitutions have been and are buying up crypto even at these current prices.
June 15 Hoskinson promises updates cardanoCardano is in an exciting transition stage. The project has long combined thoughtful product vision with research-driven specification and evidence-based development processes. Still committed to that rigor, we’re now making the jump to a new stage of development where first-ever-in-the-world new capabilities are delivered. The rubber is starting to hit the road.
As we are making this transition we recognize that we need a better way to communicate how Cardano’s 2020 vision is being delivered, and that we should do a better job keeping the community informed about our status against those goals.
Here is what we are doing to accomplish those things.
We are working on the redesign of the Cardano website.
You can see if that)
Script updatesA happy New Year to all!!
Just a quick notice I've updated some of my scripts.
If you use these scripts, go ahead and reload them.
Links to the scripts:
Bollinger Breaks and Cycles Indicator
high/low MA-trend
More updates to come soon.
JD .
#NotTradingAdvice #DYOR
PS. I build these scripts for my personal use but publish them open source, as I believe the best way to improve is to learn together.
If you find value in these indicators or use them regularly, feel free to leave a little something in the tip-jar for my next coffee break! ;-)
BTC . 36w3n9oSJHork1q4BKi4VHXph7LHTMZhhm






















