Looking at the total market cap through the eyes of both bear and bulls
Bear market: shorting every bounce will give a higher return than longing every dip.
Still below EMA on high timeframes.
Under monster trendline
Waiting for 'real' capitulation (during the November blood, the amount of longs stayed relatively still)
After a near 90%...
Using the EMA 100, we still have more room on the downside if we're to mirror the 2014 sell-off.
Back in the channel but still above pivot resi and price resi. Big money will be propping up demand zone below.
Crude Oil has seen a significant correction (~34%).
Price analysis is signalling a relief rally up to price support-turned-resistance, pivot resistance and ichi-cloud resistance.
Stop under low, target around $60
Rejected from resistance
In rising wedge
Bearish div on RSI
At volume resistance
Target retest of the trendline breakout
Target EMA support
Target Volume block support
Only re-enter a long once the RSI has bottomed out
Tether spike hasn't had any real follow up.
Still under the cloud on the daily.
Still under the 200 EMA on the daily.
Still under the longterm bear trendline .
Bear market still in tact, however looks to be drawing to a close.
Can't rule out reversal here but max pain is a necessity for max gain.
Targeting measured moves down to around 4.5k-5k where it...
BTC is a cyclical being.
Volume is bottoming out which, historically, signals the early development of a exciting market movements
At the moment no reason to think there's any trend reversal. BTC is still a market driven by stop loss hunts (= chop), and institutional traders (1 in every 5 hedge funds is now crypto based) desperately trying to save the $6,000...
Silver has been coiling since the end of 2016, and all indicators and BB bands show it's time for a breakout.
Upside is a huge amount greater than that of gold - see the ratio below.
a 1.236 move for wave C is not uncommon and will align perfectly with the resistance and Fibonacci line.
Everything is suggesting the precious metal to pile into at the moment is...
Falling wedge within pennant, and inverse h&s - showing the end of wave 2 and hopefully the start of wave 3.
Bullish divs on a few timeframes and selling is starting to dry up.
Distribution done, time for a move to 10k before we decide what to do from there.
Early market sell off complete for BTC 0.56% -- a promising run to 10k as money re-enters the crypto markets.
Back to clean fractal trading, and it looks like it would be beneficial from a run to 10k if we saw a little more shakeout towards $8.5k. This would aline with support and fib levels and give enough reason for a measured move straight into pentadigits....
Still in downward channel, a push up to the top of the channel would make sense here to retest trendline resistance
Target is around $9.5k to $10k, with a relatively tight stop loss. BFX longs are at a high signalling money is backing a move upwards.
Quick idea on BTC futures.
Red area is where I'm aiming to flip long into short.
Increasing my position anywhere in the green box.
Breakup of inverse H&S will catapult us towards the target area.
A lot of resistance to play with, so will see how the bears will deal with the run up :)
70% over 50 days vs. 98% over 14 days. BTC proves again the most profitable trade is longing the ote 1.05% over shorting the ote 1.05% .
Keeping this simple. BTC is still above the cloud and support at $9.5k. My count suggest this pullback is wave 4/5. One more wave upwards will push us towards $12.5k - $13k.
OBV has pulled back to the 0.382 fib, showing...
Gold dip buyers ready to push price over 1400 towards 1500.
Falling dollar on larger timeframes supports this movement.
If this plays out we'd see a completed B wave and then the consequent C wave would push the price down to triple figures.
Timeframe for this movement is ~6 months, with plenty of waves to play within.
Is >60% dip enough?
Price hitting price support levels and fib.
RSI bottoming out.
Elliott wave showing wave 4 is near enough complete.
If we fall further, buy the ~75% dip at $5k.
Panic selling is crazy here, this is a great buying opportunity!