I noticed that long term data is suggesting we might be in a similar spot that we were in last super cycle in 2017. I highlighted 2017 fractal of when we finally broke the 350 short average then mean reverted back to the 20 Week MA average and that was when demand came in to push price to higher levels. 2017 fractal on the left. Current possible play out over the...
If Bitcoin's market history continues to repeat itself I see 20,000 breaking around Jan 2021 20,000. The reason I think bitcoin's market cycles will continue to repeat itself is because the market is more pure than other markets like the quantitative easing/interest rate stock market. This is because the foundation that holds the Bitcoin market together is more...
I have 3 possible outcomes that I am speculating. The first out come is the V bottom which is labeled with the dotted line. I give this outcome only a 5% chance because of the current market environment. We are currently at around 0% interest rates so the Fed can't give any more relief dropping rate any lower. The Fed has also has printed 6 million in stimulus to...
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
These charts show some possible Harmonic projections if we break $8,500 retest with pull back BTFD entry's. These give an idea of how price action maybe after $8,500 break on our journey passed 11.7k and back to 20k retest. Shout out to Josh Olszewicz. This is his idea from his youtube channel just relaying it because liked it and wanted to share!
ETH bb bands are squeezing nicely on the daily and are looking to break out. ETH hasn't retraced much at all from the down fall from $515. Given that bitcoin is likely to retest $8,500 from last two ideas shown from my wyckoff analysis. I believe a retrace to $352 to the .38 fib is highly probable for 20% gain. If ETH manages to retrace to .50 fib $381 and .61...
So I have always followed shorts and longs by the numbers in order to try and figure out where the market sentiment is heading since tracking longs and shorts were available. This chart I am posting is the longs dived by shorts ratio which equals the blue line. Shout out to Tone Vays for sharing this tool. Now we have a clear ratio to look at and you can see we...
This is Part 2 from my last wyckoff accumulation I did on the 4h time frame. I did this one on the 3 day time frame and you can clearly see capitulation from 12.9k down to 6k where we form our SC then make a violent V bottom that everyone is waiting for back up to 11.7k where our AR is formed. After that we fall down to 6k for a second time where we form our ST in...
On the 4h time frame we have developed a very nice Wyckoff accumulation over the last 11 days. It seems we are finishing the last part of our LPS "Last Point Support". The best time to enter was the Spring phase around $5,900. But if you didn't get in there this is probably the 2nd best entry given that SOS phase is next "Sign of Strength." Then the big Break...
Everyone thinks Litecoin is dead and I don't blame them. Price action over the last 7 months has been brutal. Litecoin is here to stay in my opinion. It is hard to see the turn around and opportunity in an extreme bear price action. But when timed correctly or close to the end you can make max gains. Litecoin is the silver to bitcoins gold just like Charlie says....
My last idea on NEO was for a 5%-10% quick scalp which we hit. This time around I am looking to scale in for a more longer term trade. NEO is a great project which is 80% from the top. We are forming a nice daily bullish divergence over a one month period. Longer over sold divergences is when I like to scale in or out. I think this is a good time to scale in and...
ADA is around 90% from all time high. The project and tech is promising , the coin is also rumored to be on coinbase in the near future. Technical Analysis wise we have a nice daily bullish divergence forming over 2 month period which is a good indication a turn around is near. Scale in as we can go lower but now is a good time to start scaling imo.
IF you back test any coin It's hard to find A daily RSI of 16 that did not pump at least 5-10% from entry price. Also BTC has just had a nice solid daily candle with a lot volume support. BTC is now more likely to be stable next 2-3 days which makes buying NEO/BTC that much more probable to profit! The Crypto Bull market has not been confirmed long term but 5-10%...
Looks way to familiar.... Bubble ready is to pop monthly BB bands are extremely wide, looks identical to the Bitcoin bubble that just happen. Monthly RSI is extremely extended 90 on the monthly. This will not end well 20%-60% pull back is due once market sentiment changes. Neflix's Weekly RSI is showing bearish divergence. NASDAQ is showing massive weekly...
AMAZON showing a big bearish divergence on the weekly RSI. TD sequential just hit red 9 on the weekly. Look for downward movement on daily chart for confirmation on short entry. NASDAQ and many tech stocks are showing the same over extension and bearish divergence on the weekly, giving more confirmation and probability on AMAZON short entry. Shorting AMAZON is...
Facebook is showing a massive bear divergence on the weekly RSI. We just came of a red 9 on the TD Sequential on the weekly. Look for downward movement on the daily to confirm Short entry. NASDAQ has massive BEAR divergence on weekly and is extremely extended which gives more probability confirmation Facebook's bearish divergence as well. Shorting Facebook on...
NASDAQ looks more extended than in 2007 and close to the extension of the 2001 crash. The weekly RSI is showing one of the biggest bearish RSI divergences in the history of the NASDAQ chart so far. We are also getting a fresh red number 1 candle on the weekly TD Sequential. Could be a very nice spot to enter a short. Remember if you decide to short you are...
Bitcoin fell 70% from ATH and has gone through bull trap, fear, capitulation, and despair phase imo. I believe we are begging a new take off phase for a new bull cycle. I am very bullish and have been in crypto for a long time and I am comfortable holding a big % of net in crypto. That being said if you are new to the game and are curious and want to get your feet...