$XBT parabola and Current Situation. Here I am just marking supports and resistances for the Bitcoin Chart.
Last Idea of ours showed a major resistance which $BTC crossed and should be acting like Support now (S/R flip).
Unless the new volume comes in we'd see a correction soon .
Consensus is coming and so I am expecting some Alt runs. A lot of them making Rev H&S pattern.
Next big resistance is 69xx - 73xx, If Bitcoin reaches there, I'd expect a pullback. But to reach there we will need new volume. So team parabola, this is a chart for you using a parabolic support as well.
Parabolicmove
EOSBTC: When moon?Now, that I have your attention.
When this breaks down:
EOS will dip then possibly moon. I am quite literal here because I believe that if BTC dips below 3800 it will keep falling for a bit. EOS being the top gainer recently, along with other altcoins, will be seen as a speculative valuable investment asset that has the best gain potential out there. Out of greed, many investors will take this chance and the price will start to fly... I would give it a few days. This may be a bubble, but it is undoubtedly parabolic. (Entertainment Only) (DYOR)
BTT/BTC swimgtrade spring-summerswimgtrade parabolic move
green box buy zones
19 18 17 16 15 14 sats
ETHUSD - Fresh Cup of Bullish Hopium, Cup and Handle?Please excuse the Spillage, but how about a Fresh Cup of Bullish Hopium. Is ETHUSD Displaying a Cup and Handle ? Previously I have been riding a Bullish Butterfly Pattern rather hard, and in addition - on attempting to relate to the recent minor parabolic moves , this pattern has emerged. Enter Cup and Handle?
The most anticipated Hard Fork has gone live, and the price action hasn't snapped the handle off just yet.
Price action is presently caught under the EMA Ribbon on the 4-Hour Chart, but what's new? Minor uptrend lines are being challenged by the Bears Daily, but Bulls are in the mood for buying dips. Long Positions are still holding ground on Bitfinex.
We have a nice and stubborn Trading Range of $10 here with dump and dip buying on both sides. If this is a Cup and Handle, it'll be set to boil over and up the handle, should it meet the requirements and validate: " The duration for the formation of a handle is usually from 1 week to several weeks. The handle should be considered reliable only when it is formed in the top half of the cup formed... "
Something to watch, and something to read:
tutorials.topstockresearch.com
Good Luck, Traders. May you find yourself on the profitable side of it!
See my posts on Bullish Butterfly, as this pattern has yet to invalidate and is something to watch as well.
Please Sir can I have some more?Now for some optimism in this era of anticipated FUD and panic. The technicals might be bearish but just consider the divergence between the actual Bitcoin price and all of the pipeline institutional developments on the horizon for Q1 2019. Consider that Bitcoin might actually be printing a parabolic arc and is very very close to the actual bottom. This parabolic arch makes sense based on what's still to come and based on the trough aligning with our weekly SMA200 which many believe to be our last line of defense before capitulation.
If you look at our SMA200 resistance on the daily chart (SMA1200 on the 4H), you'll see this is around our $6500 resistance which acted like an iron curtain during our extended stay during the $6ks. I think a daily close above the SMA200 should signal the beginning of a strong new uptrend which could potentially set us up for a golden cross between SMA50 and SMA200. If this arch plays out, then the general pattern could fit quite well within a large ascending channel where resistance is formed by connecting the 15 October swing high to the height of the arch, which gives us an upside target of $15-$16k.
SMA200 on the daily chart also coincides with 29 December, the SEC's decision date regarding the Van Eck bitcoin ETF. An approval might just be what we need for a close above the daily SMA200 and since the decision has carried so much weight in the media these past few months, a rejection or deferral to 28 February could be the catalyst for capitulation, in which case the price could reach $1k based on the 168.1 fib extension from the 200 week SMA.
If we do have capitulation, we still have Bakkt bitcoin futures launching on 24 January, Fidelity launching their institutional platform for Bitcoin sometime early next year, and if the SEC decision regarding the Van Eck bitcoin ETF is deferred to 28 February 2019, then this might be the catalyst since it is the very final decision date and the Van Eck apoplication has carried a lot of weight in the media these past few months.
Good luck and happy trading!
New Call for the Bottom in BitcoinI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
For a variety of reasons I no longer believe that $2,718 will be the bottom of the 2018 Bitcoin’ bear market. I am now very confident that we will return to $1,000 before finding a bottom. That is due to Tyler Jenks’ hyperwave theory and the Point of Control on the Visible Range Volume Profile with > 2 year look back | Calling for $35 ETH before the end of 2018, however I do not believe that will be the bottom. Strongly expect ETH to return to single digits before the end of 2019.
I thought that a breakdown from $6,000 to below $4,000 would cause capitulation and then I thought that support would be found slightly below $3,000.
$2,718 to be exact.
I was wrong. That definitely was not capitulation. Now I am very confident that we have a long way to go before find a bottom, falling to $2,718 would definitely not be enough. However I want to be very clear about the following:
A return to phase 1 is not my call for a bottom in Bitcoin', it is Tyler Jenks' call. He has been saying this loud and clear for a long time and he has been mostly speaking to a deaf / angry audience. He continues to be right at each step of the way, yet the large majority continue to doubt / ignore / troll him. Including me, until recently.
"As a technical analyst I know that nothing is 100%.
I am embarrassed to say that hyperwave is 100% in
terms of when you break a phase 2 that you go all
the way back down to the phase 1. In this case it's
$1,000. I would love it if this was the first time ever,
out of 100's of examples, that this is not true." -Tyler Jenks at 17:28 in the following video:
www.youtube.com
I know enough about hyperwaves to have confidence in a return to phase 1 above anything else. I'm not shorting at these prices, stay tuned for the daily update to learn why, however I am also no longer a buyer from $2,700 - $3,000. This is a very important distinction and the explanation mostly lies within the risk:reward implications. There is one more distinction that I would like to make: the difference between bitching out on a great entry that you have waiting patiently for and the times when new information is presented and adjustments should be made accordingly.
I have been planning on buying my Bitcoin back once the price got below $3,000 for months (sold $11,000 & $7,000). Those months felt like years and I have the gray hairs to prove it. However I know that I need to adjust my plans based on new information and I am confident that it isn't due to giving into any FUD. The main reason I am confident about that is because I have fallen victim to fear, uncertainty and doubt one too many times and I know what it feels like. The bottom line is I don't really sense any of that now and that is the main reason I feel like we have a long way to go before capitulation.
Okay, enough of my input. Watch Tyler Jenks podcast on Youtube. Register for his upcoming webinar on Saturday. Then register for his presentation on hyperwaves at Tone Vays' Unconfiscatable conference in Las Vegas. If you do the latter then I will even buy you a beer after it is over and we can talk about all of the money we are going to make!
BTC/USD aviator weekly preparing for the future explosionhi guys this is a new chart that im studyng beyond my main chart , so well whats telling to me that finally we will see a big movement on bitcoin breakdown/breakup on triangle:
Breakdown targets > 6000>4750>5800>3000
Breakup targets > 7500>8550>7800>9820/10k
NOTES: chart is bear , descending triangle are usually bear patterns probabilities for breakdown 70% > probabilities to break up 30%.
MA30 pressure coming next 2weeks / MA50 still going up so far price , this is not good !
MA200 still up big resistance on daily !
EMA 30 EMA 50 crosed last week pressure coming to the price
Pressure EMA 100 holding last swimgs 6k..
Explosion is coming be safe !
Commander Bitmex
ETH/USD idea by a huracan bearHi !
Permabulls losing steam , eth crappy make a good rally but today reverses and potential target is 80 bucks you can check this big head and shoulders formation , so yes , eth could fail to 70-80 bucks , maybe depends where btc is going to stop or go , im negative in this months but lets see.
BTC/USD heinken chart HuracanWaveHi guys just posted a hienken view on btc/usd , you can check my long term target on my profile.
BTC/USD monthly chart
BTC/USD WEEKLY.
is gonna be crypto winter thats my thoughts.
On bear market you short every bounce , i think we will hit max pain to buyers that bought very low and hit big stoploss in 5800 ( If it goes there )
Trading is about possibilities and well thats my view for the next months.
Whisperer92
Bitmex Commander
Im not short , target for short entry will update later once i see a good entrys , for now lets see where it goes in the next 24-72hrs