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(CLICKBAIT) Bitcoin Overview & Analysis: June 12th, 2018 This is very long but I would like to be thorough in this analysis, so stay with me. I warned throughout that the entire bounce off of support that the rally was not healthy and a breakdown needs to occur. We got the breakdown right out of the symmetrical triangle that has formed over the last several months. What IS healthy is this breakdown , I would rather see moves like this instead of a unhealthy rally delaying the inevitable. Corrections are good in order for a market to remain sustainable, keep in mind this is good for Bitcoin and when we find our bottom we will come out of it stronger than last years parabolic trend. I urge you to read my past analysis published here to get an understanding of our markets path. Weekly Overview (Above) Looking here on the weekly, I have Heikin Ashi turned on above to get a clear view of the trend. Below I have our traditional candles on with the T.D. sequential. (See my past educational pieces on using the T.D. linked below) I am watching for a full or near full 1-9 count on this current trend before a reversal. However, finding a bottom here temporarily is not out of the question this week. That being said we are not out of the woods until confirmation of a real bull trend on the daily kumo break. If we drop below the weekly kumo then the market structure has changed and we have a different story. The weekly is showing a Bullish Divergence on the OBV (On Balance Volume) & the Stochastic is near bottomed. The C.M.F. is still showing slight negative pressure, I wouldn't do too much reading into the weekly indicators though. In the world of crypto trading, the weekly indicators often correct from our smaller time frames; I do take note of them though. The GMMA (Guppy Multiple Moving Average) shows me that we are in a oversold area below our EMA's, but that the bear trend is still strong. 3 Day Overview (Below) There is a slight Bullish divergence showing on the OBV, not much but it is there for now. Daily Overview (Below) Bullish divergence on the OBV is present on the daily also. The C.M.F. has finally showed some positive pressure, this is good do to the fact we haven't seen this since late May. The RSI & STOCH are quickly looking for a bottom. However be aware of false bottoms on the STOCH as can be seen from May 12th through the 28th. 12 Hour Overview (Below) The T.D. Sequential gave us a 9 buy signal. However, it is not a perfect setup as the 9th candle did not close below the 7th candle. I like the 9th above or below (depending on trend) the 7th & the 8th above or below the 6th. In this case we got the 8th below the 6th but not the below the 7th. The Stochastic here appears to need more room to bottom. I would've like to see the settle a bit more here instead of pushing up at support with very little movement. It is not too worrisome but this signals to me typically that we have some unhealthy attempts at a rally.
BITSTAMP:BTCUSD
by Nick_Core
102
Bitcoin Analysis Text Version: June 8th, 2018Keep in mind when I do my analysis, I cycle through the various time frames pointing out potential issues I see or biased price movement. If I point out one Bearish or Bullish quality that does not mean we are going that direction based on that one observation. I typically cycle through the points & then tie it all together at the end in conclusion. Stay with me as I explain the various indicators on the analysis, I realize it looks messy sometimes but the indicators are there for a reason. Daily (Main chart above) I am not exactly going to call this a divergence on the Stochastic, but this is at a level I am not comfortable with. The rapid rise with very little price movement is worrisome, especially compared to prior support touches. However, as I have stated before, we make our strongest moves when the STOCH is in extreme scenarios. (Check the video on this same idea for examples, link is at the bottom) The GMMA (Guppy Multiple Moving Average) is showing some trend weakness for the bulls. 6 Hour (Below) Taking a look at the OBV on multiple time frames, it is concerning to me. OBV action is at levels that are typically indicative of a lower price. The GMMA shows a weakening trend. Currently we rest on the bottom of the Kumo (Ichimoku cloud) and Tenkan-sen (Conversion Line in orange). 3 Hour (Below) On the T.D. Sequential we see a perfect buy signal. The low of bars 8 & 9 are lower than the low of bar 6 and bar 7 typically indicating a exhaustion cycle is completed. Sell pressure on the C.M.F. is heavy, also note that we sit right below the 50 period moving average. Keeping an eye out for a STOCH bottom here. Lets move down to examine all of this on smaller time frames. 2 Hour (Below) STOCH is looking prime here compared to past levels with the current price action. Also, note we see a red 8 on the T.D. Sequential. Kumo (Ichimoku cloud) and the Kijun-sen (Base Line in pink) acting as a support touch. 1 Hour (Below) Examining this trend very closely with the STOCH, we don't reach this level ever without making a Bullish move. The Stoch has been fairly reliable for spotting when these "Bart" patterns happen. 30 Minute and 15 Minute (Below) No matter how I chop this, the OBV is at dangerous levels here. Let's consider this as we prep for a rally into resistance. I set the candles to Heikin Ashi for this 15 minute example, Heikin Ashi allows me to get a clearer picture of the trend. We are seeing very solid similarities from June 4th. There is a bit of a different STOCH makeup but the similarities are too big to not look at. Lots of conflicting data here... so let's sum up.
BITSTAMP:BTCUSD
by Nick_Core
87
Text Bitcoin Analysis: June 5th, 2018In today's analysis I will be taking issues and indicator signals I see on various time frames. As detailed in my last analysis: "I foresee a small drop short term & then another minor unsustainable rally that ultimately leads to our retest of support levels throughout the next 3 days." Results So where are we at? Daily (Main chart) Kijun-sen (Base Line in pink) continues to distance itself from price action & the Tenkan-sen (Conversion Line in orange), there is nothing to trade from this but as it distances itself trades will come to fruition. Seen below sell pressure continues to be heavy on the C.M.F. 12 Hour (Below) The only thing I want to point out here is that the OBV is at dangerous levels in relation to its previous support touches and current price action. 6 Hour (Below) Take a look at the Tom Demark Sequential. We had a near perfect TD Sell Setup, the only reason why I say near perfect is due to the fact the 9th candle's high was not above the 7th candle's high. The 8th was above the 6th but in order for me to feel really comfortable about a setup I need to see the highs of candle's 8 & 9 be greater than the highs of candle's 6 and 7. Either way there was plenty of other signals notifying a trend reversal including the C.M.F. showing a divergence then. Currently we see a C.M.F. with slowly subsiding sell pressure as we find some support on this time frame. The Stochastic is priming to make a Bullish move, however I still feel it will be short lived. The OBV appears confluent for the most part. Lets examine smaller time frames. 4 Hour (Below) There is a lot going on here so stay with me, Ill try not to indicator spam here. We see a red 9 on the T.D. Sequential two candles prior indicating a trend reversal indicating a Buy Setup. The T.D. Buy Countdown started there on the 9 at 1, I am looking for a a few candles of positive momentum and watching closely for a TD Combo in the future. I will cover what that is hopefully soon in a new educational idea. The GMMA (Guppy Multiple Moving Average) shows a Bullish shift on the top chart below. The second chart below we see that price action settled Kijun-sen (Base Line in pink) & stopped at the Tenkan-sen (Conversion Line in orange). The Bollinger Bands also show us resting on the median. 2 Hour (Below) Notable here is that the OBV is showing a Bearish divergence on the last move. We also rest slightly below the 50 period Moving Average with the 200 period closing in for a potential cross. 30 Minute (Below) Expanding the 30 minute (First one below) to appear more pronounced then normal we see the GMMA entering Bullish but also into overbought. Below that we see a nice Buy Setup on the T.D. Sequential 4 candles prior. The RSI appears just about capped with price action well out of the Bollinger Bands, also a T.K. cross is incoming on the Ichimoku.
BITSTAMP:BTCUSD
by Nick_Core
40
Bitcoin Analysis: No clickbait.Jumping right into this... I am going to start with the daily. Then jump to the weekly and continue my analysis down the time frames. Daily Overview Shown above on the Daily, I have the Guppy Multiple Moving Average (GMMA) setup with a few tweaks to color schemes. My only reason to pull it up is to show our trend off of the support, as we go down the time frames we will take a closer examination of the trend. The Guppy Multiple Moving Average implements 12 different exponential moving averages (EMA's) in an effort to analyze a market’s behavior on multiple levels. We see the faster moving EMA's (green and yellow) converging on the slower moving EMA's (red & orange) indicating a Bullish move based on this strategy only. The RSI matched the trend shift on the GMMA. The C.M.F. however still shows a heavy sell presence. Weekly Overview Jumping out of order to the Weekly below, there are a few things I want to point out below. We currently sit right below the 50 period Moving Average. The weekly closes in 6 hours as of this writing. A close below the 50 M.A. is not a ideal scenario for a bull run. The Bearish Kijun-sen/Tenkan-sen cross (T.K. cross) shown in the yellow circle will not reverse anytime soon. The conversion line has inputs 20 candles back and has nothing but more room to drop. One thing I am noting is, I expect to see a cloud twist plotted on the weekly here shortly. 12 Hour Overview On the two charts below, we see the GMMA crossing bullish. However, we also see the price action at the top of our Bollinger Bands indicating an overbought scenario. The Stochastic also shows as overbought situation indicating a drop for 6-12 candles may be incoming. Please note that even with the STOCH showing this, our strongest moves in the market come when this is in overbought levels. The Bullish signal from the GMMA can be confirmed in a sense by the STOCH being at such extreme levels, but also can be declared Bearish since we see the crossover and have a capped B.B. with a bearish candle formation. 6 Hour Overview Few things to note here: The Tom Demark Sequential shows us a clear green 9 indicating an exhaustion & trend reversal. B.B. again are capped and the STOCH is showing a slight Bearish divergence. The C.M.F. did show a nice increase in buy pressure for that rally but is now subsiding. 1 Hour Overview Stoch & the C.M.F. show a Bearish divergence, the O.B.V. (not shown) appears healthy. 15 Minute Overview As I am writing this we saw a tad of a sell off. Jumping down to the 15 minute we see the GMMA cross bearish as the market begins to fix the overbought scenarios we are seeing. On the Ichimoku, we see a T.K. cross indicating a Bearish move (which we are now seeing). Keep in mind this is a small time frame.
BITSTAMP:BTCUSD
by Nick_Core
64
LTC/USD Bearish H&S formation on 15 Minute BITSTAMPSeveral indicators still yield bearish signals on shorter time frame 15 minute chart(s). (1) Possible H&S formation - my analysis (though this could soon be ruled out if price continues downtrend) is another pop to the 170 level, before retracing back down to the right shoulder neckline to a complete a bearish H&S formation. (2) Money flow remains in bearish territory, below -12.5 suggesting money remains on the selling half of market depth. (3) GMMA (on OBV) consolidates suggesting price agreement in the direction price action leads, with recent short as well long term traders without a clear sentiment of market direction
BITSTAMP:LTCUSDShort
by GregoryMichelson
5
Trade Idea --- 8/10 Weekly and Daily breakout ---This is looking like a high probability trade setup. As long as there is no sudden rejection this week I think this one is in the clear to move higher. We may see a few days of consolidation, accompanied by candles with "scary" wicks, following the large price movement that we have seen thus far. RSI breakout on the daily. MACD zero line cross on the daily On above avg volume(but see the note on the chart) GMMA traders(Blue MAs) are compressed showing a move may occur soon(up or down; betting on up) ------------- RSI breakout on the weekly GMMA traders and investor(orange) groups are converging. As the MAs compress the likely hood of an explosive move is high. S&P IQ has a 5 star rating on them with a PT of $240. Additionally they are currently trading 16% below fair value according to their analysis. They have seen good growth(% wise for a midcap) in recent quarters, which can later be a good driver when the market is ready.
NYSE:MLMLong
by gumbtg
1
Trade Idea --- $LUV ---Chart says it all. The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time. GMMA lines are bullish on the daily as well as the weekly for a breakout. Monthly RSI is nearing a breakout setup Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially start with a SL around $56. Keep risk below 2% of portfolio. Like if you find this interesting Follow for more ideas As always comments are welcomed and appreciated
NYSE:LUVLong
by gumbtg
FCA GMMA ANALYSIS: POSSIBLE UPTREND WAITING FOR A MA200 REBOUNDGMMA crossover between 6.25-6.50 with strong momentum, with MACD in long position BUT RSI overbought way over 70 so opening a position would have been very risky... despite overbought price reached 6.79 before retracing so there was space for a gain but I thought there was too much risk for me buying with RSI at 74. A strategy could be waiting for a retracement on MA200 and buy hoping for a rebound that could lead price towards April highs and resistance; take profit between 7.10-7.20 and I would put SL under MA70 at 5.85. RR is 2.29 This is the first time stock closes over MA 200 in over a year, so that could be a good long signal using MA200 as a long/short filter and as a dynamic support.
FLong
by LordNelson
BTC/EUR GMMA ANALYSIS Gmma signalled a positive shift in trend around 540-542 with MACD crossover and rsi>50 confirming Up trend. Long term MAs are pointing higher and beginning to spread with equal distance confirming up trend strength; also short term MAs are pointing higher confirming short term is Up. Price has reached a first resistance at 616-617, if breakout occurs price could reach R2 first at 634-636 and then 2016 all time high at 690. Stop loss should be placed if price breaks trendline with some space for intraday proce action noise around 580. Risk/reward ratio is 1,9.
Long
by LordNelson