This is a higher risk set up than what I normally but what is in the chart is in the chart. This would require not only for this chart pattern to perform but would also require BTC and ETH to behave over the next couple of days to week week as to not confound what is going on here. The main chart has hidden bullish divergence on the 12 hour and the chart below...
The chart is on the daily time frame but I have programed in the CM ultimate to have the 20 SMA on it, which is close enough to the 20 week EMA as to not matter. Both are very conventional timeframes to use but I prefer the 20 SMA because it is the baseline of the bollinger band (not show). Please see the linked ideas if you want to see more indicators. Key...
And I just need some indicator confirmation before pulling the trigger on some puts. I don't want to crow too loudly, but lots of crypto analysts on Tradingview and/or YouTube have been posting temperamental TA when they wake up, see a candle, and feel compelled to post an update to their TA. Whipped around all over the place as BTC zig and zagged. Many did not...
Introduction For my adult life the advice has been to buy just by ETFs. And for the last decade or so the advise has also to been buy the NASDAQ ETF because it over-performs the other indices. It seems that advice is on the precipice of ending due to some long term indicators on the verge of flipping their switches. The MFV VSTOP is set to 3x and right now...
There is a lot of bullishness to Dxy that most are missing. First there is a lot of technical resistance to the downside based on the bollinger bands and there is little reason to think the bollinger bands will break due to the bullishness in the indicators with both hidden and traditional bullishness within the MACD and Histogram and the hidden bullishness...
Very technical situation is presenting itself on the Nasdaq futures. It is very technical because of how inter-connected the different phases are and the patience required to see and play it. Ideally the overall structure will get you over-performance compared to the constituent structures. The Components Preliminary Supply and Automatic Reaction : A...
TL:DR One of the most powerful forex patterns is visible on the bitcoin chart, but only on the log scale. Ultra bearish if correct. Intro (a bit blogposty) I am constantly looking for the largest market structure I can find and doing such drives me to expand the number of patterns I can easily recall. The harmonic patterns are the trickiest for me due to...
TL:DR I threw Everything but the kitchen sink and its all bearish. Analysis A lot is is explained on the main chart. The On Balance volume Situation with the EMAS is particularly telling. Having the 20 period cross the 100 is a key event that suggest a lot of persistent recent selling and that situation means bearish moves are more likely and will be more...
Pretty straight forward follow up of some of my recent bearish calls on BTC. The red arrow shows hidden bearish divergence on the price action in the rising wedge and the MACD Histogram which suggest we are going to get some continuation, or in other words, a lower low. The Purple flagpole target shows a rough area where we should land and I expect some...
My favorite ticker to track the S&P is SPXUSD as it gets you a whole lot more data on the price action than other tickers with the main draw back that you cannot get any volume confirmation. But due to the cleanliness of the price action these nested bearish structures are very apparent. From late April to a few days ago SPXUSD was in a very beautiful orange...
If you are new to Technical analysis here is a primer to unlock the main chart when it comes to divergence Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden Divergence (Trend Continuation) Bearish: Lower high on the price...
TLDR: There is a high level of correlation in the market so if ETHBTC is red the broader market is likely red. Analysis The black lines show a neckline to a head and shoulders that is very visible on lower time frames. The purple area shows an area where we could see the price stall and consolidate before we continue the downtrend. There are two main...
The main chart says a lot with the descriptions to save time with a longer post. Here is a pared down example form 2017 of the same pattern on btcusd in 2017 before things went ballistic. The measured move is from the top of the bull trap to the bottom of the downtrend into the green buy zone. This may not play out exactly the same way but it should be very...
There is a lot in the chart but we can go bullet by bullet. I am using the three day intra-week setting but will look at other time frames as we dig in. VSTOP - A way of setting stops using the Average True Range, a measure of volatility to help chart trends. I have decided to only show the VSTOP acting as resistance to simply the chart. VVSTOP MTF - A...
TL:DR It appears we reached a local low Everything Else Greetings! I have been watching the Log Growth Curve for a while now and identified the 61.8 level as one of the more important levels when it cones to deterring the probable future of bitcoin. In previous markets cycles breaking the level has been indicated that bitcoin would be having a blow off top,...
Per Coin market Cap Dogecoin highest trading pair and exchange is with Tether and Binance so this is the most approprate pair and exchange to do some fundamental (not simple, fundamental volume analysis. The volume is very low compared to the last pump and the volume is declining day after day. The fact that there are no fundamentals to this pump just lolz it...
As I see it BNB is about the end of its run in terms of time. I am a fan of using fib channels to chart out large movements and to try and see when the majority of a move is done and in general around the 2 level of the Fib I would expect to see some topping behavior. On a weekly chart we could definitely see some wicking through the 2 level that could get many...
Dash continues to show strength against the dollar and against bitcoin and so it becomes just a matter of time before lift off. The bollinger bands show where we may get some stalling as Dash moves up. Resistance at the baseline is to be expected, and likewise it will take a long term continuation pattern to get us through the bollinger band and to the blow...