Algorithms
Wild A.I. Forecast & TA Say_________?Bitcoin/USD Daily Bars, LOG Scale, 06/12/18, 11:10 PM EST, by Mike Mansfield
(REDONE SO CYCLES FIT)
Hi trader friends, this is one of our most detailed and important Bitcoin updates. Our first post with screenshots of our deep learning A.I. project’s 12 month forecast. I will post those screenshots after this clears the 15 minute publishing hold. So let’s get to it.
SUMMARY:
BTCUSD is likely to drop another 30-60% over the next 4-12 months, possibly 18 months.
Short-term cycle lows are expected in July and October 2018.
The mid-July 2018 cycle low should be followed by a 3-8 week trading bounce. Then, another big down wave into early to mid October 2018.
October could be “the low,” but we are thinking next year, based on our data.
The final cycle low, or momentum lows are expected to be in February 2019 (A.I. low date), or June 9th, 2019 (pink cycle low), or possibly January 2020 (blue cycle low).
Initial price targets lower are $4935, then $2967-2380 (or lower).
A.I. project forecasts 12 month low @ $2774, due in February 2019.
The deep learning A.I. project’s forecast is confirmed by Elliott Waves, Andrews Lines, Wolfe Waves, and a few other techniques shown here, most suggesting much lower prices ahead.
Bitcoin has broken its “low to low” support trend-line.
Will likely close below the Andrews Median Line (orange pitchfork's mid line), which, would put Bitcoin below the black dotted trend-line drawn off the lowest closing prices of 2018. Once broken, the first three price targets to the downside become quite likely.
Time Cycle Caveat:
We are working on pattern matching comparison called an analog. This suggests an October 2018 low. That fits the secondary A.I model's forecast, but not the top performing algorithm's forecast (February 2019 low). Remember, two of the longer-term cycles are pointing to either a June 2019 low (pink cycle), or January 2020 low (blue cycle). Therefore, the October low this year seems less likely thus far, but not out of the question.
Truth Seekers & The Crypto Land Bear:
Are you a “truth seeker?" Really a truth seeker? If you want to be a more objective trader, be a truth seeker. Try to be a truth seeker in all things. Accept that there are many possibilities in life, as in trading. Seek to find the ultimate “truth," but while doing it, at least for trading, go with the highest probabilities. Else, you'll live in La La Land of wannabe moonshots for every crypto market. Of course, some tokens moonshot, even in a bear market. But, as the top 10-25 go, so goes most of the market.
PRICE TARGETS:
Target 1: $4935, likely minimum target. It's the prior Wave (3) high on Sept 1st, 2017.
The “forever trend-line” (black upward sloping) is currently around $3700. Yet, by the time the market could logically get there, that trend-line would likely be around $4450-$4950.
Target 2: $2972, the June 2017 high of the prior Wave V of Wave (3). This is close to our
A.I. derived target. Outcome, likely.
Target 3: $2774, A.I. deep learning 12 month projected low, due February 2019.
Since target 2 and 3 are so close, just a blip in Crypto Land, I would be targeting a low between those two figures, unless more data changes the A.I. forecasts. Target, likely.
Target 4: $2380, September 15th, 2017, Wave ii low.
Target 5: $1138, where the Wolfe Wave support (purple line) and the prior Wave ( III) high of large degree meet. This is a potential attractor point (less likely now). There is a far lower target, but I'll let you find it on the chart.
----------
The good news for bulls is that the Alternative Wave Count (lighter blue) could very well be correct. That would mean one more all-time high to complete Bitcoin’s Wave (V) advance.
BOTTOM LINE:
Down 30-60%, Feb. or June low, around $2774.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers and best wishes,
Michael Mans
BTC/USD (Bitcoin) Wild A.I. Forecast & TA Say_________?Bitcoin/USD Daily Bars, LOG Scale, 06/12/18, 9:00 PM EST, by Mike Mansfield
Hi trader friends, this is one of our most detailed and important Bitcoin updates. Our first post with screenshots of our deep learning A.I. project’s 12 month forecast. I will post those screenshots immediately after this clears the 15 minute publishing hold. So let’s get to it.
BOTTOM LINE:
BTCUSD is likely to drop another 30-60% over the next 4-12 months, possibly 18 months.
Short-term cycle lows are expected in July and October 2018.
The mid-July 2018 cycle low should be followed by a 3-8 week trading bounce. Then, another big down wave into early to mid October 2018.
October could be “the low,” but we are thinking next year, based on our data.
The final cycle low, or momentum lows are expected to be in February 2019 (A.I. low date), or June 9th, 2019 (pink cycle low), or possibly January 2020 (blue cycle low).
Initial price targets lower are $4935, then $2967-2380 (or lower).
A.I. project’s 12 month low price forecast's is $2774, due in February 2019.
The deep learning A.I. project’s forecast is also confirmed by Elliott Waves, Andrews Lines, Wolfe Waves, and a few other techniques shown here, most suggesting much lower prices ahead.
Bitcoin has broken its “low to low” support trend-line. It also appears to on its way to closing below the Andrews Median Line (orange pitchfork's mid line), which, would put Bitcoin below the black dotted trend-line drawn off the lowest closing prices of 2018. Once broken, the first three price targets to the downside become quite likely.
Time Cycle Caveat:
We are working on pattern matching comparison called an analog. This also suggests an October 2018 low. That fits the secondary A.I model's forecast, but not the top performing algorithm forecast that calls for a February 2019 low. And remember, two of the longer-term cycles are pointing to either a June 2019 low (pink cycle), or January 2020 low (blue cycle). Thus, the October low this year seems less likely thus far, but not out of the question.
Truth Seekers & The Crypto Land Bear:
Are you a “truth seeker?" Really a truth seeker? If you want to be a more objective trader, be a truth seeker. Try to be a truth seeker in all things. Accept that there are many possibilities in life and in trading. Seek to find the ultimate “truth," but while doing it, at least for trading, go with the highest probabilities. Else, you'll live in La La Land of wannabe moonshots for every crypto market. Of course, some tokens will moonshot, even in a bear market, but as the top 10-25 go, so goes most of the market.
PRICE TARGETS:
Target 1: $4935, likely minimum target. It's the prior Wave (3) high on Sept 1st, 2017.
The “forever trend-line” (black upward sloping) is currently around $3700, but by the time the market could logically get there, that trend-line would likely be around $4450-$4950.
Target 2: $2972, the June 2017 high of the prior Wave V of Wave (3). This is close to our A.I. derived target. Likely.
Target 3: $2774, A.I. deep learning 12 month projected low for February 2019. Since target 2 and 3 are so close, just a blip in Crypto Land, I would be targeting a low between those two figures, unless more data changes the A.I. forecasts. Target, likely.
Target 4: $2380, September 15th, 2017, Wave ii low.
Target 5: $1138, where the Wolfe Wave support (purple line) and the prior Wave (III) high of large degree meet. This is a potential attractor point (less likely now). There is a far lower target, but I'll let you find it on the chart.
----------
The good news for bulls is that the Alternative Wave Count could very well be correct. That would mean one more all-time high to complete Bitcoin’s Wave (V) advance.
Summary:
Down 30-60%, Feb. or June low around $2774.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers and best wishes,
Michael Mansfield CIO
Bitcoin Elliott Wave ExamplesNot a lot of commentary on this one. Just know that when it hits the true top, it's going to come back down even faster, with frightening speed. Watch carefully and you'll know, listen to your gut when it tells you. Only the strong shall survive, it WILL crash back down again, and the cycle shall rinse and repeat. History tells us that. This is simply the nature of the market. Bless you all.
BITCOIN - to the moooooonThis is my first complete, profitable trading strategy. Please note that this is a short term trend following strategy so it works well in trending markets but can get whip sawed when consolidation occurs. 60% drawdown isn't actually too bad and is the result of a flash crash.
Using the RSI2 for entry and Vstop for exits, this strategy revolves around the momentum that is built up by bitcoin and other cryptocurrencies which tend to explode and form trends. This strategy should be able to be applied to every cryptocurrency.
Currently displayed on the 5H chart which was the best for gains both long and short, however also produced good gains on the 6H chart.
I plan on using some fundamental analysis and make note of future news events (partnerships, announcements etc) on good cryptocurrencies for entry and exits. However as bitcoin is currently bearish it may be difficult to use for the coming weeks / months.
Hope you all enjoy :)
//@version=3
strategy("Vstop and RSI", overlay=true)
//RSI Section
length = input(2, "RSI Period")
overSold = input(30, "Oversold Level")
overBought = input(70, "Overbought Level")
price = close
vrsi = rsi (price, length)
//VSTOP Section
vlength = input(20, "Vstop Length")
mult = input(2, "Vstop Mult")
atr_ = atr(vlength)
max1=0.0
min1=0.0
is_uptrend_prev = false
stop=0.0
vstop_prev=0.0
vstop1=0.0
is_uptrend=false
is_trend_changed=false
max_ = 0.0
min_ = 0.0
vstop=0.0
max1 := max(nz(max_ ), close)
min1 := min(nz(min_ ), close)
is_uptrend_prev := nz(is_uptrend , true)
stop := is_uptrend_prev ? max1 - mult * atr_ : min1 + mult * atr_
vstop_prev := nz(vstop )
vstop1 := is_uptrend_prev ? max(vstop_prev, stop) : min(vstop_prev, stop)
is_uptrend := close - vstop1 >= 0
is_trend_changed := is_uptrend != is_uptrend_prev
max_ := is_trend_changed ? close : max1
min_ := is_trend_changed ? close : min1
vstop := is_trend_changed ? is_uptrend ? max_ - mult * atr_ : min_ + mult * atr_ : vstop1
plot(vstop, color = is_uptrend ? green : red, style=cross, linewidth=2)
if vrsi > overBought
strategy.entry("Buy", strategy.long, comment="Buy")
if vrsi < overSold and vstop > price
strategy.entry("Sell", strategy.short, comment="Sell")
GBPUSD medium term forecastDespite Brexit and all the fundamentals around the UK economy, we expect the pound to drop further against Dollar to 1.15 area. This area should provide a good technical support on monthly chart, which is the 1.27 expansion of the 2001-2008 move.
Selling at current levels still provides a good trading profit but you should consider shorter time frames to find better sell entry points.
Good luck trading
Now that BearWhale (Draper?) has exited — are we est new supportThe accumulation is actually up, which hopefully means people are buying at this level, establishing a new support.
I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at.
Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
No more support, where does it land. I don't care, personally. I'm out. We pierced the only support that mattered.
Watch out for sharks... the whales have left the building.
And once again, they say, thank you for your buy support as they sold off their bags of holding.
Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating.
It's even dropping as I'm writing this {"amount":"333.18","currency":"USD"}
This is SPECIFICALLY what I mean, when I say, you cannot predictThis is SPECIFICALLY what I mean, when I say, you cannot predict bot action.
www.cryptocoinsnews.com
How much did you lose on this? Or were you prepared for the take?
There are SOOOOOO many bots out there.
quatloos.org
bitcointalk.org
www.coindesk.com
AND, soooo many more idiots that don't know how to use them.
Please don't go long on a fully manipulated market.
Granted, all markets, forex, stock, commodities, ALL of them, have bots... but they have volume too, to protect against aggressive bots. OBVIOUSLY, Bitcoin, and cryptocurrency/ALTcoins do NOT.
That's a rough 96 hoursI really don't have much to say ...
But I am happy that my remaining sells all triggered
at $605 while I was being evilly trolled by the $1000 bulls.
And except for a few morsels left that I trade altcoins
with, I'm 100% out, til the bottom, then maybe I'll
come back out and play.