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Don't be like Bully Maguire...If you are feeling the emotional swings of Bitcoins price and you want to trade with confidence then this is for you. The following things I am about to talk about drastically changed the way I approach trading. They are so powerful in their application... No need for cheap gimmicks and fancy tricks. So here it goes: Operate on first principles. Millions of traders have SOS... Shiny object syndrome. They chase every "new" technique that hits the market, it doesn't matter if it works, aslong as they got to try it and didn't miss out on anything they will be happy - for a time. It is marketing 101 to rile up those emotion in traders, don't fall for it. Be stoic, hold your ground and stick to first principles. If you don't I can tell you in my experience (9 years), you will chase strategies and ideas like they are a sold gold brick but they will just turn out to be gold dust that will fall through your fingers at a moments notice. You will move throughout life with a chip on your soldier, negatively affecting those around you like a cheap knock-off Bully Maguire meme. So... What are the first principles of trading? And how do you act from first principles? I am not allowed (house rules) to provide you with a link to these questions so instead use your deduction methods Sherlock to find your answers.
by NinjaTradingServices
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 23 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:CLFLong
by Jtacher51
2
Capitulation down to the 200 weeklyI think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k. This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for Bitcoin in bear markets and even the Covid crash 2020 , take a look below Also found something interesting in this chart and that is the last time the 200 weekly hit the previous all time high in December 2017 it was the top of that current cycle, just something to keep in mind. So there are three projections I'm currently following right now , take a quick look at my previous TA to get an idea on where I come from with this TA. Any price action under the 0.5 or 0.618 Fib means nothing , until we close and hold 0.618 as support we are still in a setup for a much larger distribution leg down. The leg down will most likely find a bottom at the 200 weekly moving average which as of right now is at 20k but if we quick estimate we find the 200 weekly would be somewhere around 23k-24k by May 16th 2022. So I have laid out three different outcomes I'm following right now . Green Circle - This would be the lowest probability outcome out of the three ,come May 16th price breaks 0.618 and the bull market resumes. Red Circle - This would be the highest probability outcome , come May 16th major pivot for a huge leg down to the 200 weekly. Blue Circle- I would say this one is somewhere in the middle , come May 16th price will find a new cycle bottom at 23-24k at the 200 weekly. It all comes down to how price reacts in this orange box ,if we do get any sort of rejection of this area or a double top pattern forming that would be the confirmation that the red or blue circle will play out. We already had two 55% draw downs , whats one more to the 200weekly at 65%? historically it would be the best time to buy Bitcoin , one thing is for sure if we do hit 200 weekly you can expect OTC outflow to hit all time high.
INDEX:BTCUSD
by Sporia
DOGEUSDT TECHNICAL ANALYSISDogeCoin lost over 82% of value since May 2021 till now and hasn't reached ATH yet. The candles are in triangle and we have got couple signals from our robo advisor @EngineeringRobo . Cloud hasn't turned green colour yet in daily time frame but when i was looking for 3H time frame, cloud already turned green. The candle break out first down trendline and any of the candle hasn't open close above to first down trendline yet. If one candle open close above to trendline (Hopefully it will not be fake break out) and candles need to stay above to up trendline then we my start earn something. Let's follow our chart/analysis together. "NFA"
by ABSTOCKER
1
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:CFLong
by Jtacher51
1
Fractal of Doom Part 2Check out the TA below first . At the time didn't think of it much but then I took a closer look and what I found is the most amazing mirror fractal from the 2018 Bear market. God dam its hard to swallow this one , seems we have been in a distribution phase all along. Mirror fractal with the double top divergence exactly the same unreal question is do we get the retrace up to 0.618 before dumping again , if so Febauary will be a green month followed by dump mid March 2022. The fractal from 2018 -_-
BITMEX:BTCUSD.PShort
by Sporia
4
ICX - DCA LONG TERM CYCLE from 0,66+ until 3 usd +Hello trading friends, This is not a day trade update, this update is for the long term and DCA UPDATE for ICX. Expecting in the long term that ICX has much to show into trends, and as we are now into breakdown trends of more coins, is this a great time for ICX. When all people talking about it, know it's into the hype, and when people leave the coins is the moment to watch the trends. Long term goal ICX still on 3 USD + - Into the chart, you see more blue line trends, which means every time price goes higher, depending on DCA a buy, and same time when a trend return to a line a new buy trend, so its a small investment trend with long term vision and split of amounts, as the DCA should be on any coin. Yes most of the coins are into breakdown trends - and this is the moment to get watch the red trends, also if prices go down for DCA it should be not a problem, as you never invest 100%. the goal is to get at long term a really good trend price action what will result in good % + Have a great day. @ this is not a trading call to buy ICX or any coin, study always your trend and make your trading setups.
Long
by watchtrend
What now?Bitcoin failed yet again to break and close above the 3/1 Gann , check out the TA below . It completed a W formation, broke out of the 3/1 and then got nuked. Daily did not close above. We had a massive fake out here , since November 15th we have failed time and time to break this 3/1 gann. So my whole thesis on May 2022 being the top is highly unlikely at this point with just 100 days till May I don't see it happening. So what does May bring then , the bottom most likely where is the bottom who knows , 1.618 Fib is the orange line of support you see so hopefully that holds till May 2022. We are close to the bottom I think if we just take a look at the USDT Market dominance we can see its hit resistance , this is a chart I follow to find tops and bottoms in Bitcoin it works like a charm take a look We have this very clear ascending channel and everytime we hit the tops and bottoms of the channel it's a major bottom or top for Bitcoin, last two times it was July 2021 and September 2020 both bottoms , at the moment USDT dominance has never passed this level but I expect it getting to the top of the ascending channel sometime late April 2022 bringing Bitcoin down to somewhere around 28--30k. Beware of the False relief rally that is coming, a rejection of price anywhere in the orange box will be setting up for Bitcoin to go lower. The weekly RSi is at historic lows for Bitcoin and we are still at 35k which is good , take a look below. As always if you have been here more than one year you know the drill stack more crypto everything is on discount. I have picked up more ETH and AAVE today ,and saw a very interesting video on AAVE and how it's undervalued and also version 3 is just around the corner . www.youtube.com There is a small long scalp I will throw in here since it's not very often you get this setup. Market cipher printed four yellow "x"s meaning price has been exhausted and since everything is extremely oversold a bounce should be coming in soon . Stop Loss =34300 Take Profit =37600 I think we can now say the four year cycle pattern is out the window. Maybe we have much shorter cycles now much faster , maybe we don't blow off tops anymore , who knows Bitcoin always seems to do the unexpected and no matter how much you go over previous cycles it still remains one step ahead.
COINBASE:BTCUSD
by Sporia
1
A 1000 Dollar ChainlinkDoes chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022 , I had been going over the idea of a cycle top in May 2022 for a while using a Chainlink Fib time sequence, it is possible that May 23rd 2022 for Chainlink is not the top but the start off its parabolic cycle up to 1000 dollars June 2023. The chart below you see is LINK/BTC this Fib sequence has been perfect so far at calling major moves in LINK and also calling the bottoms for price next date May 23rd 2022 ,out of hundreds of Fib time sequences I have used in the last 2 years this is the only one that has had a perfect count each time without fail.
COINBASE:LINKUSDLong
by Sporia
11
Ascending channel/Big Day MondayJust a short term TA on the current price action . Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend. As always set some time fibs , keep in mind this is the hourly chart next fib count would be 2hours from this post but the next would be Monday Mid day well at least for me UTC+1.
COINBASE:BTCUSDLong
by Sporia
5
The Satoshi Prophecy Will be fulfilledA few weeks ago I posted the TA Satoshi Prophecy , check it out below . In that TA i laid out my entire thesis on why the top will be May 2022 and how we are still in a bull market. Nothing has changed since since December 12th 2021 since i published that TA , my timing on that chart was off but everything else is still intact for now. After everything I have discovered the last few days I'm even more confident that we will push forward onwards and upwards. Just check out these four TAs below that backup my prediction even more. As you can see we are repeating the same fractal as the October 2020 breakout with both nearly perfect mirror fractals on the weekly and daily. Price will start to increase in momentum 10th of January 2022 and the Bull market momentum will be in full swing starting 17th of February 2022 and ending June 2022 latest. Cycle Peak zone would be sometime Late April 2022 to early June 2022 I have been going over this idea for a long time now check out below . Even though the TA above was published June 21st 2021 the idea of a cycle top of May 2022 is something I have been thinking about as far back as April 2021 after the last Chainlink Fib time count , read the Satoshi Prophecy above to understand that part. So there is a clear line in the sand for me there is no other level of support under the Marco 8/1 Gann Fan if we break the Marco 8/1 Gann and close a daily or weekly under its over , that would be the signal for me that a bear market has began. There is no "other" level of support in my eyes , I have added a smaller inverted 8/1 Gann which so far has had hree amazing reactions so thought I would add it . So everything setting up the stage for an amazing run don't be fooled by these small 1-5% moves , the only thing that is not bullish is the Global leverage ratio which is at all time high but from the data this last year all time high leverage does not equal to a drop in price take a look at the picture below with this link ibb.co , in July in fact leverage dropped and price went up. Also, on chain data shows wallets older than 7-10 years are not selling either , so apart from those two things lingering slightly bearish everything looks fine.
COINBASE:BTCUSDLong
by Sporia
8