Here's an idea. One certainty we know is the high of 2017 like the high of 2013. The other certainty we can gauge using Fibonacci retracements. I have used the low of the week the blue MACD line turned positive. The reasoning being that price retreats when it around the first retracement level, and consolidates before the next move up to 50% when it consolidates...
Previous Bitcoin post "End of dip. Will it confirm this week?" Sustaining positive territory not impossible. Histogram, MACD , and soon to be Signal Line. NOT ADVICE. DYOR
See the monthly with S & P 500
Here is a little proof to all the haters that Fibs definitely work. If you do not understand the way fibs work you can send me a private message and I can help you out. They are pretty simple to use. Check out some of my literature if you get bored today at work or something :P medium.com That is my medium account. There are quite a few write ups I have done over...
Let's look at a multi-period diagram, which is a powerful feature of TV that no other software has. For the use of multi-period diagram, many people may not know.
In multi-period diagrams, the biggest problem is the inconsistency between periods, which leads to the illusion when used. One cycle is going up, and the other cycle is going down. What do you do with...
What is EMA ?
Ema is known as exponential moving average, it comes from the class of weighted moving average. It gives more weightage to the recent price changes, thus making it much more relevant to the current market analysis. Also it provides a dynamic way of calculating support and resistances in a trend following setup.
The most common way to mint profit out...
Just a quick mention on something interesting I stumbled across while constructing my long term LTCBTC strategy.
During the 2015 recovery phase after the bear market, Litecoin started rising aggressively prior to Bitcoin and led cryptos into the start of the new bull market. At some point it pulled back considerably and BTC started gaining momentum and lead the...
If you mark all the green candle that were three months up in a row, and then the breakout from the high to the next high marked in pink it gives you some idea of where the current breakout could be heading. NOT ADVICE. Past performance is no guarantee of future performance. DYOR.
Note that RATE OF CHANGE turned positive (above zero)
Note price closed above...
The bottom may be in this time round, but a retest at some point of 200 MA before hit $7590 not impossible. What do you think? Question is when? NOT ADVICE. DYOR.
Hi guys!
I have decided to create this diagram to show you, how majority of the crypto community has reacted to every single
counter trend rally (and "trendline break" ) from all time high to present.. I am almost sure that these series are not over and we will see a couple of more "definitely" confirmed bull markets all the way down to real capitulation.
All...
Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect...
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...
