Bull Trap is comingCome on TOP TRADINGVIEW!
I will help you. No, wait. Know how to read candles? Or do you copy ideas to sell your signals?
Better start finding another service. This market is dead! Did you understand Without regulation no money will enter here! What is the 700 billionth of the marketcap? Where are they? Why did they run away?
The bottom is farther than you can imagine.
Better not post ideas like ZERO.
Bitcoin goes from 0 USD and goes to 20k is this normal! Blockchain is revolutionary !!!!! LMAO! Now get out of 20 and go to 0 is crazy? OK!
Marketcap
Bitcoin Daily Update (day 314)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: P < S MA < M MA < L MA = fully bearish (current candle is testing S MA)
Patterns: Phase 7 hyperwave | Bear channel
Horizontals: $3,478 provided the preliminary support on November 25 and the last few days have been threatening to turn it into resistance
Trendline: Channel
Parabolic SAR: Differs significantly based on exchange. Bistamp at $3,500 is most important to me.
Futures Curve: Backwardation with 2.5% spread
BTCUSDSHORTS: Pumping right through a G9
Funding Rates: Longs receive 0.0351%
TD’ Sequential: R6
Ichimoku Cloud: Look at how well the Tenkan-Sen is acting as resistance. Beautiful!
Relative Strength Index: Testing trend resistance
Average Directional Index: Crossed 20 indicating bear trend. Watch for confirmation with a cross above 25.
Price Action: 24h: +2.1% | 2w: -3.4% | 1m: -5.9%
Bollinger Bands: Resuming squeeze which indicates to me that the selloff on the 19th was a trap
Stochastic Oscillator: Daily buy signal. 3D still pulling back. Weekly posturing for buy.
Summary: The market is at a rather crucial spot and longs are starting to look very appealing. If we can close back above $3,500 then that would signal for me to start scaling in. On the other hand a close below the MA of my channel (~$3,325) would be very bearish.
The Bitcoin Market Cap dominance is very interesting to me right now as well. Since the summer of 2017 BTC has found strong resistance at 60% dominance and currently appears to be forming a descending triangle.
A breakdown from here would be likely to retest 40%. On the other hand if we could manage to return back above 60% then a return to 80% would be very likely. This is all right in line with the two options I am expecting from here.
My most likely outcome is one last dead cat bounce from here to fill the gap in the VRVP in the $5,200 - $5,800 area. If that happens market cap dominance will likely fall back to 40% while alts pump even harder. Then the rug gets pulled out from under and the market flies back to safety during capitulation.
My slightly less likely outcome is breaking down $3,000 from here and capitulating over the following weeks - months. I remain resolute that would be the quickest way to find a bottom. Flight to safety occurs during capitulation pushing BTC market dominance back to 80%+ and sending alts down the toilet where they belong.
Still too early to make a confident call either way. Time to remain on the sidelines and wait for more information.
A look at the entire cryptomarket marketcap's falling wedgewe can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next few weeks. we can see the 200 weekly moving average in blue for the cryptomarket has been holding very strong support the past few weeks...if this 200 week simple ma holds then we could breakout of the wedge in the next 2 weeks...if that's the case then the bottom is essentially already in...if it doesn't hold and dips below the next likely target is a double bottom on the horizontal teal trendline we have already touched once. Any dip that could happen below that would likely just be a big bounce up off the bottom trendline of the falling wedge. Once we trigger a break upward from the wedge the bottom of the bear market will almost certainly be in. A breakout fakeout candle followed by capitulation is also a possibility to consider so its wise to make absolutely sure the breakout is validated before jumping to conclusion.
Could an alt season be approaching? I'M LONG! (w tight 6% stop)Just a few completely speculative ideas that could lead you to believe an alt season is approaching - with $TRX potentially leading the march.
I have a sneaking suspicion BTC is soon leaving 4k forever, even though I'd personally love a year or longer accumulation phase between 3k-6k.
Keep your eyes peeled on Jan 18th.
Theory:
Total crypto-cap is going to pop upwards - along with: BTC, Alt marketcap and individual strong alts (most binance ones: $ZIL, $NANO, $WAVES, $AION, $XVG, etc.) popping too.
Will be interesting to see how they all run against each other this time around, if another true bull market is in fact brewing (or perhaps already begun).
I think alts will outpace BTC in % gainage.
- parabullic
BTC ready for take-off to 5230 USD!?What's up everyone!
Bitcoin and the Global Market Cap had 5 rough days. We saw Bitcoin dropping from 4133 USD to 3528 USD and a decline of the Global Market Cap of 20 B (now 118 B).
When we look at the smaller altcoins, top 10 mostly in red, we see a little growth. This is a sign of investors who are willing to make some risk.
Which is obviously a good sign.
When we look at the Bitcoin (XBTUSD) chart we see that we are almost at the end of a B-wave correcting the market down.
The bears had their fun, but i think this ends soon. We probably need one more wave down to 3440 USD before we can look up.
For this C-wave up i have a couple of levels to look out for. When you look at the Fibonacci levels we could end up at 0.618 fib (4120 USD), 1 fib. (4550 USD) and 1.618 fib. (5230 USD) of wave A.
But lets take it step by step and see if the bulls can get Bitcoin up to our first target of 4120 USD.
Thanks for checking my update and please leave a like if you enjoyed it!
I will keep you guys updated...
ALT SEASON COMING?Chart 1W marketcap altcoin cryptocurrency
9 Januari 2019
- Total marketcap altcoin on this day about 60.9B USD (about 48.2% Total marketcap cryptocurrency)
- Forming falling wedge pattern
- Breaking channel falling wedge
- RSI in oversold area
- Bullish exaggerated divergernce according to RSI
ALT SEASON COMING?
2014 Fractal Market Cap signaling near or at bottom*** PLEASE VIEW IMAGE BELOW AS THIS IS WHAT THE WRITE UP IS REFERENCING ***
serving.photos.photobox.com
2014:
2018:
We can no longer view BTC as the main source of a fractal from the 2014 crash because there are so many alts now that make up a bigger % of the market cap. Thankfully we are able to use other charting services who provide total market cap and from there are able to see uncanny results of a fractal. Shown in the attached photo below you can see the numeric points identifying the fractal set up and that we are in final capitulation. Let it be known that if we are seeing final capitulation this week then the cycle is moving about 21% faster vs. 2014 as we will achieve a bottom in ~ 320-330 days vs. 410 in 2014 from Market cap high to low.
What comes after from 2014? 8 Months of ranging markets, where we see high lows being made an the bull run starting in about 260 days after the low (roughly 8-9 months). If we are moving 20% faster this should account for about 205 days/ ~ 7 months or Mid July. These are just fractal predictions, as the market could move a lot faster or slower. My guess would be faster as we see on boarding of making cryptocurrrency easily invest-able for the retail investors.
The final question here is how deep will this capitulation go before we get relief? If we round out I'm forecasting a move back to $4600 or a tag of .618 (.382 if you place fib 0 to 1 upright). I believe most of the alts will be the increase in market cap where as BTC will only be about 20% of that increase.
If you are interested in more updates like this and trading opportunities please contact me as I run a group called Surge Trading. We cover every alt on binance and the majors.
Thanks for looking.
Pump in wingsThis is not a signal, but we can see it as a very bullish indicator for the overall crypto-altcoin ecosystem. Whenever low Mcap tokens start to be pumpable, it brings awareness to the crypto scene. Brings new investors, People start to hold more BTC to try to get a piece of the FOMO action, and it can have a nice snowball effect.
Market Cap Falling Wedge RetestThe market cap has formed a symmetrical triangle, fortunately it is always outside the falling wedge and has retested the resistance of the falling wedge as support. There is a lot of good news and the chart is following the 2014/2015 market cap at double the speed. For me it is LONG!
This is my personal opinion and this is not a financial advice!
Good trading!
TRON Could Be One of The Most Profitable Cryptos (Elliott Wave)Tron is in a very complex symmetrical pattern. There exists 3 differences in price, and 1 difference in time between adjacent waves. This fits within the rules for a symmetrical and also lines up nicely with the end of the more clear symmetrical that has formed on Bitcoin. Because the major trends are usually correlated we've likely found a bottom here and will start trending up at a similar rate as what we saw in December. This means that Tron could easily be one of the most profitable coins over the next year.
The mostly unfounded hate towards this coin from the media, and the perception that it was a "pump and dump," and the meteoric decline, have sufficiently shaken the weak hands from the market. This coin is fundamentally very sound. The leadership team is top of the line, and has already begun securing major partnerships and acquisitions. The Peiwo social media platform that is going to integrate Tron has already received an official endorsement from the Chinese government, allowing them special access to funding and resources from the government. The founder, Justin Sun, is the protege of Jack Ma, the found of Alibaba, and a partnership is likely on the horizon. There are also many other companies that are interested in working with Tron and will likely be announced over the next year. Tron may end up being one of the few cryptos aloud in China.
Tron can handle up to 10000 TPS on the first layer, vs, BTC 8 TPS, and ETH 16 TPS. The Tron virtual machine is also more developer friendly than ETH, and Tron has already started to gain a large development community. Tron is also significantly faster than BTC and ETH, with block times of 15 seconds. The scaling issue is going to affect BTC very hard over the next year, and it will create a significant drag on the price of BTC while many people choose to use alternative cryptocurrencies that will likely end up being much larger than BTC in market capitalization.
Also for the people that always say "but trillion dollar market caps!!!!!1!" it does not matter. It will never matter. Crypto is going to take over real fiat currency, and cause major deflationary pressures on most other assets once it becomes the main form of money. People will actually start SAVING money again, because money will be deflationary crypto, instead of shitty inflationary fiat currency that rapidly loses value, and the market capitalizations that are priced in dollars will eventually reach completely unthinkable levels because the dollar will be nearly worthless compared to today, because almost nobody will be using it anymore in 10+ years. Compared to most cryptos, the dollar has extremely restricted use cases, and we will easily see top cryptos over taking the dollar in market capitalization (20T+) over the next few years.