1. Looks like it is ascending triangle with a preliminary breakout.
I do not believe this is H&S. The neckline looks dangerous. Head is located in the pool where 50 mil shorts where liquidated. The price got there for a reason.
2. Open interest within this consolidation increased 100...
5% MDR bullish
XBT BAS bullish
Sighns of late stage sellers
ETH and XBT open interest increase on bitmex.
Over 70 mil dol in liquidations of ETH futures on OKEx
Lets wait for more sentimental confirmations.
I bet that Litcoin will follow the bitcoin if this will crash soon so this may open for us pretty good short opportunity not only on Litecoin but other altcoin like ETH and EOS.
Why bitcoin will crash?
1. CME and CBOE cot report on 22/1/2018. This is old but still indicate us what smart/dumb money are doing.
Institutional (Smart Money) - 344 positions...
“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone.” -- Jesse Livermore
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett
1. Double Top
2. RSI Divergence
3. Spike in ETH Longs
4.BTC Rising Wedge
5. BTC Shorts dropped dramatically. Daily interest for shorting is 0%. Daily interest for Longs increased 400% over the past 4 days.
What do mortals do in panic?
1. They stalk at price and literally dont do anything.
2. Then, they deny everything.
3. They fear to do anything, then to miss out.
4. They encourage themselves to participate, in panic.
Daily chart shows some clear signs of bear flag
F&G Increased in...
Reasons to short:
1. Rising wedge + Double Headed H&S.
2. Sitting on 100 sma
3. RSI Daily Divergence
4. F&G Index - 39 (Increasing)
5. Shorts were wrong all the way up. Now looks like they are exhausted
6. Longs Look...
In order to be successful in any kind of financial markets you need to have an edge and know absolutely everything about it. But all humans sometimes or often take bad decisions and this is normal, not cool but normal. In order to protect yourself from bad trades, you should use stop order to sell to stop a loss and trailing stop order to sell to secure a profit...
www.tensorcharts.com - lots of bids got filled at 3800. Bid Order wall is much bigger then ask.
Diamond pattern was found on the chart. -- thepatternsite.com
I won't talk about iH&S.
V formation on ETH chart with the well defined platform
Shorts are still higher then longs
Any bear market is followed by consolidation period. Even the best traders are not so cool profit from range as this time of market is very unpredictable.
Here are reasons to be with cash and expect some sort of washouts before the real bull market will begin.
1. Daily Bolinger Band was nailed for 2 times.
2. Two inverted hammers
3. We are sitting at...
Interesting that CNBC, Bloomberg, MarketWatch are feeding us with fearful ideas to sell everything before the real bear market shows up, so you could sell your stocks to those who owns them.
Bros and madams, you should go to the nearest pharmacy and buy some prozak.
Most of the markets are already 30-70% down.
Almost every ETF is hitting lower BB.
1. ETH/BTC at Support.
2. ETH/BTC RSI is oversold with bullish divergence
3. Large Broadening Wedge Formation which typically leads to reversal/consolidation period.
4. Longs are about to lose power
1. Shorts/Longs % - 60/40
2. Longs Stage 3 is over.
3. RSI Divergence.
4. Too much negativity around bitcoin and cryptocurrencies at all.
5. General stock markets want to go up soon.
6. Bearish Undecision Candle Confirmed by volume while sellers have already loaded too much and they may be exhausted.
Target: Definitely upward. Nobody knows the exact target.
In this trading Idea, I will study Technical, Sentimental Analysis for finding trend reversals/continuations with swing/position trading.
Part 1. Technical Analysis
Indicators (I do not take decisions just watching indicators)
The idea behind indicators is simple - everybody watch and make decision with them. There are tons of indicators and all they are...