Elliott Waves are derived from human psychology of Greed/Fear. Take care when U trade/long 5th waves, most retail traders tend to FOMO here because they missed the initial waves Note that 5th wave in turn has 5 subwaves, DONT long the 5th subwave of the 5th wave Reference:- www.profitf.com Here is an example of possible waves for BTC with the recent uptrend....
3 days till end of month but does it matter ? Does 3 months up in a row mean the bottom is in ? Was the rise strong enough ? NOT ADVICE DYOR Here is the weekly with Stochastic RSI Here is the monthly
Using VIX Volatility S&P 500 (SPX) 20 MA Monthly as timing signal to buy bitcoin Mark 1st month turns up. Mark following month when SPX bar red Mark same Bitcoin above when bar is red - purple horizontal is stop loss & break above blue confirms buy NOT ADVICE DYOR
Hi Guys! We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price. It happened to us as well . Many times. After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence...
Bitcoin New signal appeared All details on charts Go with BITFINEX $5,404.8 or $5,220 breakout but watch for whipsaw biggest moves like (25-26 JAN18) (28-29 APR18) (27-28 JUL18) (10-11 NOV18) favoured bears but (10-11 DEC18) (22-23 MAR19) favoured bulls Not Advice. DYOR Include some previous charts showing past performance This one just the whipsaws
The chart shows the Bitcoin price and the Tether (USDT) supply, i.e. the number of USDT coins in existence, in blue. As you can see the supply of Tether was increased by 20% in mid-August 2018. This was to provide liquidity to allow insiders to swap their BTC for USDT for the final exit at 6k. One months later, just days before the massive BTCUSD price spike and...
All part and parcel of the securitization and commoditization of a new asset class obviously NOT ADVICE. DYOR.
I am going to keep it simple on this one. After all Bitcoin is not a complicated asset, it follows the same patters and cycles again and again (longer term to a greater extent). So if you are into Fractal Analysis I have something for you that may be of interest. Since the December bottom we have a steady rise. Steady and not aggressive/ parabolic as BTC is still...
All details on charts. NOT ADVICE. DYOR.
One of the first most important and fundamental thing for any trader to do, is to properly define price levels on chart. Dealing with Bitcoin price in 2019 you can witness it's peak near 20 000 price range and as price went down by now to 3750 area, this means most traders will set their levels at closest round numbers like of course at the middle 10 000 and...
The 1D MA50/ MA200 Cross (Golden Cross) is about to take place and you are still wondering how to trade it? Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that...
As you can see in the chart above, BTC has had 4-year cycles of bull and bear markets. The purpose of this idea is to keep in mind the big picture in regards to BTC price. In my opinion, Cycle 3 has now begun. It was a brutal bear market but believe it or not, it was shorter than the Cycle 2 bear market by a few weeks. However, it is important to understand that...
I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints. Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern...
Ok apart from the humorous title, what I want to make clear on this chart is that Bitcoin has entered the final stage before the lift off. Before every low is higher than the previous. Before the new bull cycle essentially begins. How that happens? Well for starters we can, with a high degree of certainty, say that the bottom is in (priced on December). The...
Weekly MACD custom (6,13,close,31) did my Fibs from when Histogram turns red (not shown) only blue MACD line. Blue MACD line creates interesting levels of support when turns up from bottom. Comparison with 2014 - 2015 suggests this is a 4-5 week run counting from the Parabolic SAR dots below candlesticks. I'll add in Chart with full MACD pic. below If you want...
It was expected that the main message which I tried to pass to you in the last educational post would not be so popular. I tried to talk about things which are not catchy and their effect will be shown only in time. Work hard and reach your goals. Work hard and become a profitable trader. Work hard in order to get access to new opportunities. But at the same time,...
Using longs and shorts use the default MACD for both. I just used the signal line of the MACD for both (area format instead of line format) and in log format. Superimposed one on top of the other and saw a pattern match with 12 NOV 17 with 24 MAR 19. How to scale it. Expansion over or more to go ? NOT ADVICE. DYOR.
This is quite possibly the most important message I can deliver to those of you who’ve decided to start trading in the financial market. This message is for those of you who’ve joined this Financial World viewing trading as a new business or perhaps as a way of having fun with money. I’d like to take this opportunity to impart a lesson which has the potential to...