I got a scratching in my head again when looking at the ETHBTC chart and it was beginning to resemble the bitcoin chart and a bit more tinkering has resulted in this post. I see myself doing a couple of editions of this basic concept over the next couple of days. The fib levels show that BTCUSD had a more powerful move as BTC was able to reach the 0.786 Fib...
Predictions (TLDR the analysis): The 400d EMA will eventually fail as support The 20 Month SMA will be tested and fail as support The Monthly Keltner Channel will act as support (with wicking very probable) at about 15k 3-5 year target is 160k with chance of over-performance Main Chart Bitcoin continues to chop sideways and cause a lot of people a lot...
The top chart Bitcoin has set three higher lows against the 400 EMA and appears range bound between the 400 and the 200 EMA. The long term resolution of this consolidation determines whether the bull market continues for perhaps another year and this was just a retrace or if this price action was the fist stage of a bear market. I am watching to see if Bitcoin...
DXY and other dollar indices have pumped rather well over the last week or so and there is a lot of talk about how that will affect the other fiats and the fiat alternatives like silver, gold and crypto. So far BTC hasn't really done anything untoward. Weeks ago it had a major dump and crawled its way back into the daily Bollinger Band and Keltner Channel. It...
I have had a favorable view of Dash for a while and have been trying to construct a trading plan. The scratching in the back of my head had me look at the DASHBTC chart and compare it to the ETHBTC chart and here are the similarities I plan on using until my plan is invalidated for the next couple of years. Chart Overview and Analysis The black bands were...
Background For years I have been fascinated by the Dollar Milkshake Theory of Brent Johnson out of Santiago Capital. In the broadest strokes, there will be increased dollar demand as the fiat system collapses because all the other fiats will collapse and then the Dollar will be the last fiat standing before the fiat system is replaced (somehow). This leads to...
There is a lot on the log chart so lets look at the target setting on the standard chart. The implications for this are pretty bad, if ETHBTC dips then probably both ETH and BTC will be going down, and ETH faster than BTC. Alts and shitcoins more volatile than ETH will go down even faster than eth. I am personally using this chart as confluence to short an alt...
I was hoping to get this out yesterday but meh. This is a sisterpost because the trend lines from yesterday remain unchanged and we are just changing the indicators and the text on the main post. A lot is on the main chart for you to ponder but for those who don't know what is going on, let me do a brief introduction to the Ichi-Moku clouds as I use them. For...
This is an update on the indicators and concepts I have been watching for a couple of months now. I was hoping for the signal on the NVT to be apparent on the 1 day chart for an even better entry but so far that signal isn't as clear as the 2 day chart. In short, the NVT went into the green which is a position that for the last couple of years loathes to be in. ...
Introduction Bitcoin's recent markdown has put Wycoff and Distribution on a lot of new traders radar as well as investors who have not had to deal with this kind of pattern recognition. There were a lot of people that thought that it looked too picture perfect so disregarded it, Guess what? They were taken the most by surprise and I know what it is like to...
The main chart says a lot so I am going to go into the 12 hour because that shows a lot. Quite simply price action is still very bearish with both the VSTOP and MTF VSTOP situated bearishly and the 20 period SMA acting as resistance. This is the time frame I have my stops set on and my entry was at $207, My take profit is of course a bit shy of full performance....
We will be looking at a confluence of three indicators and their close next week for me to formally call the beginning of a bull market that could last over a year. 20 Week SMA. Some people are watching the 21 week EMA and there is little distinction between the two, except the 20W is more important because it is the basis of the weekly bollinger band. If...
I have been looking for the bull trap bounce for a while now and I have been looking to use aamonkey's version of the NVT as a way of helping steady my hands and clarify my thinking. The blue measured move show historical losses of highs to the top of the orange box and that orange box has been a serious area of consolidation in the past before the final low is...
The main chart basically spells out what could happen if we confirm this bear market. My linked idea will show what I am looking for on BTCUSD to confirm a bear market when the week ends. As a head up if you don't want to read the linked idea... I detailed at the time of writing, a very high chance of confirming a bear market. After price action puked over...
BTCUSD is against a trendline as resistance and has a micro head and shoulders. I have taken the short at the right shoulder and hope for over-performance. I will be moving a stop down hopefully within the hour to lock in some profit. Hoping for over-performance.
BTCUSD just had a new week and I wanted to get the data on the close on both the On Balance Volume and combine it with the MACD. I will link just a couple of ideas to supplement this idea so it isn't to repetitive. Each idea covers a different set of indicators and guess what? All bearish. A review of my post history will show I have not vacilated between...
There are a lot of people that have been looking at our price action on the weekly and suggesting we are in a mere consolidation pattern. Or they look at the monthly chart and again state we are in a consolidation pattern. To split the difference I am looking at the 15 day chart to fairly split the difference between the two as it is the closed to both doubling...
Introduction Bitcoin continues to take a beating and I am producing different styles of charts to reach different styles of investors and traders, hoping to show them something in a system they recognize. I have done divergence on indicators, I have use bollinger bands, I have done volume analysis, everything I can to help. This is to help out the moving...