FG
BTC - FEAR AND GREEDHi all,
BTC reached the same price today like a one year ago. So if your investition in 8.1.2021 was 100K - your balance is still 100K today.
If you invested whole year every month 10K (DCA method - dollar cost averiging). You average purchase price is +- 47.5K. So DCA method sent your balance to nearly -13%, around 87K.
But this post is about FaG index which 8.1.2021 was 93 and today 8.1.2020 is 10. How the price react on the tops and bottoms of FaG? What we can expect next days/ weeks?
Structure from May to July looks similary like structure from November till today. There was two times 10 points reached of FaG in few days. Now we have FaG 16 and 10. It looks like the bottom should be soon (if not reached yet).
Can we expect start of bullish moves? Yes - we can. But we have to be prepare for all variants of moves. Here we are some of them:
1. Bulls take a lead if 52K+ and hold above (bulls area).
2. Bulls trap - we hit 47K - 52K and move back to 40K-30K (bears area)
3. Consolidation between 40K-52K longer time (neutral area).
4. Bears trap - move under 40K (bears area) and go back to neutral area and higher.
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After I checked all markets, dominantion, alts, ... My opinion is that we are somewhere close to bottom. I can´t say that we can not go lower. But if yes I think that will be just bears trap. At the same time I can not say that we are heading 80-100K.
Next months give us solution.
If you are HODLer - nothing change for you. Just buy the dip and wait for your life target which have to be known.
If your are trader - prepare yourself by learning of TA, money management, RRR, patterns and psychology. Never loose your money. Use SL in every trade what you do.
More downside to come for BTCUSD.PRISM Momentum significant in the -ve.
PRISM Acceleration/Jerk ribbon looks to be heading up, so we might see a minor bounce possibly back to 8950 USD, before getting rejected down to the 161.8% retracement level at 7295 USD.
The recent dump was anticipated in my earlier chart analysis:
22Sept19
BTCUSD: Sell Signals triggered on the 1D chart.
PRISM (Red/Green) -- Just triggered
Cyber Ensemble (Purple/Blue) -- 2 days ago.
FG-Divergence (White/Gray)
LIVIDITIUM V4 -- Dynamic conjugated Golden Ratios Levels + MA-lines and built in pivot/reversal/bull/bear signals.
BTCUSD fails to hold above previous middle support at ~10.2kUSD, and now retesting it (as well as the 50 EMA) as resistance.
Price will likely come down to 9320USD or perhaps 9600USD (100 D EMA) -- where BTC found support on 2Apr19, before shooting right up from 4.1kUSD to ~4.9kUSD, kickstarting the bull market.
See:
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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment decisions and trades.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.
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Please check out my other indicators sets and series, e.g.
LIVIDITIUM (dynamic levels),
AEONDRIFT (multi-levels standard deviation bands),
FUSIONGAPS (MA based oscillators),
MAJESTIC (Momentum/Acceleration/Jerk Oscillators),
PRISM (pSAR based oscillator, with RSI/StochRSI as well as Momentum/Acceleration/Jerk indicators),
PDF (parabolic SAR /w HighLow Trends Indicator/Bar-color-marking + Dynamic Fib Retrace and Extension Level)
and more to come.
Constructive feedback and suggestions are welcome.
If you like any of my set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D
cybernetwork @ EOS
37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC
MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC
1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH
AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO
rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP
0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH
GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM
xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano
~ JuniAiko
(=^~^=)v~
Bullish PRISM divergence: LTC ready to go up to 0.0081 BTC?Provided that LTC holds and finds support over 0.0065 BTC on the next 1D candle.
ADAUSD: Possible Trade Ahead..Entering trade if breakout above resistance level strongly, or show signs of finding resistance level as support (see details in the chart).
Price have already broken cleanly out of the descending channel.
The FG-Divergence "buy" signal triggered, hinting that we are entering a bullish phase.
Need to wait for the "buy" signal from PRISM Signals to trigger as well.
The 3 Buy/Sell suggestion indicators used,
Namely:
PRISM Signals
FG-DIVERGENCE
CYBER ENSEMBLE
are detailed here:
BTC looks like it want to head to the 11470 USD level (1D Chart)To retest the upper resistance level.
Will it be able to break through and find support?
Longer term trend still looking somewhat bearish. However the longer BTC stays within the upper half of the descending triangle, the oscillators will gradually evolve towards looking more positive on the longer term as well.
Mixed Signals for BTCUSDNo trading zone. Bearish Biased.
Waiting for a clear confirmation either:
Breaking up and finding support on the current upper resistance line,
Dropping back down but finds support at the 9300USD yet again.
Dropping below the 9300USD support level.
Dropping below the 9300USD support level, retests and fails.
Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle.
Quick guide on three buy/sell position suggestion scripts.+ Cyber Ensemble Buy/Sell positions signaling is derived from an optimized scoring of a large number of conventional indicators. (Blue/Purple plus Background HeatMap)
+ FG-Divergence is based on my own modified version a MACD style oscillator, with its own accompanying Momentum and Acceleration oscillator. (Light Green/Red)
+ PRISM Signals is based on PRISM, a pSAR derived oscillator coupled with its Momentum/Acceleration/Jerk Oscillator as well as pSAR based RSI and StochRSI. (Bright Green/Red)
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For best results, users can tweak the parameters and enable/disable specific tests and scoring Thresholds for a specific chart and timeframe, and checking how well they perform wrt historical trends. Timeframe specific presets will be added in the future when I have more time. Please do feel free to play around with the parameters and share them. If they are good, they may be added as a preset in future updates with you credited. These scripts are freshly made, and for now, my focus is to slowly refactor and improve on the code, and tidying up the ordering of the inputs to make them easier for users to navigate and understand what each of them do. In the future, once things are sufficiently improved, I aim to include alert features and release a proper “strategy version” as well, and I may post up a clearer user guide for each one of them.
