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Dips

How history hypes predict future price movement!Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much more about the World itself. Let's check what number 3 tells about crypto markets. Do you see 3 tops on all 4 graphs where the next one is lower than the previous one? - 1st one is local hype top (peak) - 2nd one is a local dead cat (where people still think run will go on) - 3rd one is usually the last one (where weak players lose hands) When that happens it's time for FUD to go away and recovery comes in place. However, nothing can go exponential until the end. It has to stop to get some fuel for the next local hype. That's consolidation before the next push. It can build up sideways also, but usually, it already has some upwards movement. Some are faster like 135days or 185days to the next top in 2016 or 55-56days in 2017 when we are already deeper in the next bubble cycle. Where are we today? Is it consolidation or is it 3rd local top? What do you think!?! Give some opinions in the comments below and I will write down where I think we are. With approximately 90% probability! ;) Enjoy your trades and don't forget that it's just an idea and not investment advice!
COINBASE:BTCUSDEducation
by Samoto
11
[LTC-USD]DIPS-BULLISH REVERSAL IMMINENTLTC may be dipping down slightly more, attempting to finish its final correction leg at C. Then starting a new Elliot wave cycle. Bouncing back up between the 38.20 and 61.80 Fib Retracement level at 1. It continues to struggle to break the $155 price mark, and hopefully on this 2nd wave it will push through that, making its way to $160 as predicted! 24 hr volume is $347,774,000 USD ...Overall since April 11th, for about 10 days, the OBV- On Balance Volume shows increasing buying volume. Taking a halt on April 21st, then leveling out for about 10 days or so as well. We need to see the OBV rise steadily again. LTC is staying 14 dollars above the 200 MA level. Decisively, in between the 50-100 MA seems to be the middle ground consolidation range for the next few days on LTC. If it breaks down and thru the heavy support of $141, then it will spell struggling trouble for LTC. Watch BTC since LTC does not run independently on its own! Special Note: A falling wedge as you see on this TA indicates a Bullish Reversal Overall. I believe the price of LTC will bounce back up. PS: This is not financial advice and only for education purposes. Perform your own TA! If you learned even one thing, then like my TA and follow me to support my channel. Thanks CryptoBuzzAnalyst
BITFINEX:LTCUSDLong
by CryptoBuzzAnalyst
6
RSI Reaching overbought conditions on the 4hrThe past 3 4hr candles have been somewhat indecisive closing as dojis with the most current 4hr candle started by dipping down low as a red candle all the way to the support line of the TLine(in yellow) before bouncing back upwards. Thecurrent minor retracement/dojis is mainly due to the RSI reaching up and touching the 70 range on the 4 hour...However the RSI is still looking very steady on the day chart so I think with enough bearish wicking on the next few 4 hour candles with them ultimately closing as dojis and helping to drop the 4hr RSI rate...I predict a much tighter range of resistance and support and lots of sideways trading for the next 1/2-3 days tops...However I think the big whales involved in bitcoin probaby want to see us break above the inverted head and shoulder pattern's neckline even more than us guppies so they likely won't be afraid to flex their dominance to help break that neckline within the enxt 1/2-5 days...the longer we go the smaller the amount bitcoin will have to climb to break that neckline. These patterns become somewhat of a self-fulfilling prophecy the more the big traders make their trading decisions based on them being triggered. I'd say only buy in at this point and really try your best to do so during dips(which as of now is anything in the 11200s or udner) With the 4hr RSI currently at near overbough levels this is usually when you will be able to catch great temporary dips.
BITFINEX:BTCUSDLong
by DrDovetail
DXY Dollar Index Still A Buy Dollar Dips MarketDXY Update 29th February 10:00 est Still a buy dollar dips v EUR and XAU market back to the central parallel of the current run - looking for 91.00 in near term and then, once this level is broken and held, on up to 91.78 and into the longer term falling resistance line - around March 6th on this chart. Look to take profits at this point and consider reversing short if we get a good rejection from the dynamic when touched next week. 26th February 07:00 est Ahead of the curve Potential bull Flag forming - follow break higher if we see it - buying dips (on pairs) back to the upper parallel on DXY chart once broken to upside. 26th February 09:30 est Update DXY On the cusp of the flag but going to come off and trade down the upper two parallels awhile before breaking higher still...buy dips/add on breakout 27th February Update DXY leads the way and leads the day. Pairs follow Just hit resistance after flying too high too fast - but it's a buy dollar dips market, still *If you prefer to stay ahead of the dollar's curves you may be interested to know that in over 2 years of calling the dollar on Tradingview 91% of all calls have been accurate. This claim can be verified by typing in DXY to sumastardon page and doing 20 minutes due dilligence.
TVC:DXYLong
by sumastardon
3
Bitcoin Forecast + Dips/gains and time periods for themRe-uploaded this TA because i added more information on the graph. Peaked at $1,300 (+73%) dip was -27% Peaked at $3,000 (+223%) dip was -38% Peaked at $5,000 (+167%) -37% dip after Peaked at $7,500 (+148%) -27% dip after Peaked at $20,000 (a staggering +240%) Dip is 52% so far (very big dip compared to the past 4) The past 5 pumps have been an average of about 170% Compare 240% pump to the average... The pump to $3,000 caught a lot of attention for bitcoin So did the pump to $20,000 Small amount of people's eyes opened up at $3,000 Even more eyes opened up on the way to $20k? The past 5 dips have been an average of 36% Compared to the 52% dip we are seeing so far Mt. Gox dipped price from $237 to $67 (-350%) Price rocketed to $1,000 then dipped to around $500 (50% dip) Took 4 years to recover before reaching $1,000 again Could we see a long term correction like the crash of late 2013/early 2014? Both dips had slightly over a 50% dip Im personally bullish... but I just wanted to point out this dip is pretty big!
BITSTAMP:BTCUSDLong
by TStolpe29
2
NEO Dip Incoming. Prepare to Buy The Dip or Sell and RReebuy.For those who need some Neo for upcoming ico's or simply want to get in for the nice upwards trend neo goes through it is almost time for you. As you can see Neo has reached a level at which the Macd is starting to show some resistance and about to cross downwards. The RSI is also showing strong signals of being overbought which means a dip is about to come as shown in the past. Support should be around 7400 satoshis for this dip.
Short
by Altcoin_Hero
5
LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY. **Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.** HOW TO READ THE YELLOW-ORANGE RAINBOW: + IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND + IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND + MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE + COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE. LITECOIN ANALYSIS: + TRADE RANGE = $201 - $373 + BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE + BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY! PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
COINBASE:LTCUSDLong
by BladeCatcher2049
16
BCHUSD Tracking new parallels and grinding higher againBCHUSD Buy dips again but keep an eye on Bitcoin This produced one of those perfect breaks today that all traders love...the trigger was a break above the smaller continuation pattern back down towards the lows at 1400 - the minimum target was 240-258 points higher at 1620-1638. The high of the day was 1638. How many managed that? Top trader today if you did! So now, having just lost 10 points going long at 1540 it looks time to try again here. This movement sideways has shifted BCH from under the bigger parallel that was halting advances last Thursday at the same highs as today, creating a minor double top - at the same time the pattern has shifted so that BCH is now tracking a loosely defined pair of parallels with a good strong pin bar violating the lower line and then a series of smaller pins around 1479...but on upside it's testing resistance at 1517 up to 1539...look to buy dips to 1482 and down to 1461 if touched (put orders in, you never know (all stops must be below 1455 for now). It should grind forward again, using the lower parallel as supoport/buying opportunities towards 1618-1638 and then, after another pause, on to 1707 and 17766. This is good whilst within the parallels. Bad if and when if loses the lower parallel. If at any point we see this close out all longs and consider shorting on next pull back towards the parallel from below, once lost - don't think so , but we need a plan B in case as Bitcoin is frisky and the fate of BCH is pretty much dependent on BTC from here.
BLong
by sumastardon
1
GOLD: XAUUSD All about the dollar nowGold/USDollar XAUUSD It's all about the dollar for now Sometimes gold is a fabulous market to trade - when it gets itself in a trend that traders can see glinting at them off their screens the impulse waves it goes on to form are some of the best in any market (except Brent Crude which wins top spot for powerful, tradeable impulse waves, see today's comment)Right now is not one of those golden moments. Gold is a really difficult, choppy market, great for day traders but not so good for swingers. The first point is to recognise that with no real wave to power it gold is consequently aimless, taking a random walk on a northward bearing and very much against its will, judging by the pin bars studding the uncertain zone between the 3 blue lines on the chart. It's now powered from underneath by ongoing dollar weakness from here, (see DXY comment today). You can see from the chart that gold doesn't really want to go up, that traders are pretty bearish, or certainly were until DXY fell out of bed in London this morning...But DXY is already testing the first target at 93.99 after a low at 93.97 and should make a feeble rally (as per comment) before falling away again. Once 93.97 gives way on DXY It should fall to to 92.6 at least, so another 1.5% from here. Look to buy dips in gold (and if you're experienced you'll already be using DXY chart as confirmation of when to distribute and when to accumulate) because with at least 1.5% and quite possibly 3% to come in dollar weakness gold will keep defying the bears over the next few weeks. It's on support right now at 1278 and unlikely now to dip much lower. Only on a break below the trend line supporting the recent lows will the underlying resilience of gold be shattered - a fabulous downtrend should re-emerge as a consequence, driving price down to 1205. But until that happens, it's tricky. No trend except a seemingly grudging reaction upwards to dollar weakness. Go with it for now. No point in fighting this yet. And if you're looking to trade a trending market right now, try Brent (or check today's comment). They don't call it sweet crude for nothing.
FX:XAUUSDLong
by sumastardon