June
Bitcoin BTC June-July Prediction : Bearish Symmetrical Triangle!Bearish Symmetrical Triangle continuation to the downside pattern playing out!! Watch for the 6th of every month for a key pattern direction change. Lower highs and higher lows with a break to the downside. COUNTDOWN TO JUNE 6th!
Target of 8000-8200 was my original target, but looking at this chart it might have a lot more room to go upwards of 9000 range. Once we change direction we are looking at a downtrend towards target of 6k to 5k bottom.
I am still not clear on the time frames but we might be looking at an extended time frame of 60 days max. If so there might be a lot of consolidation for this pattern to play out each way with the 6th of each month changing the movement as we go towards the end of the triangle.
Also, notice on the 18th of every month it puts the 'breaks' to that continuation from the previous 6th. This usually lasts two to three days. So for example if Bitcoin its going down on the 18th it will go up or stop the downtrend for two to three days and then see continuation again.
Another pattern to look for is on Friday evenings every week. Whatever movement Bitcoin is in, there's a boost towards more of that movement. Then it slows down a bit on the weekends.
I am currently long, raising stop limits on the way up. I will be going short if there's confirmation to the downside.
If the 6th of each month pattern plays out, we might deduce then that we will see a lot of consolidation at some point. During this sideway movement I will be looking into alts.
Look out for updates.
*** This is not Financial Advice. I am making these charts for myself to create a strategy on how to play my next moves. I am choosing to share it so I can hold myself accountable. ***
EOS Making It's Next Leg HigherEOS has Squeezes firing long on multiple time frames and looks like the Daily Squeeze that has been coiling for 5 days is going to fire long. These Squeezes coupled with Bullish activity from Bitcoin, makes me think EOS could retest it's recent highs in the coming weeks. As of now, we're about 33% off those highs which came in a little over a month ago (34 days to be exact). There are a few micro levels of resistance coming in at .0016568, .0016978, .0017500 with the first level of major resistance coming in at .0017883 (price paired with BTC).
Dread Pirate Roberts And His Correlation With Bitcoin Dread Pirate Roberts aka Ross Ulbricht And His Legal Proceedings
October 1, 2013 - Ulbricht arrested. Bitcoin crashed immediately but only to instantly enter it's 2013/2014 bubble
November 18 - Ulbrichts Silk Road account, Dread Pirate Roberts, logs in despite Ulbricht being in prison. Major correction occurs in the bubble.
November 22, 2013 - Silk Road goes offline. Last pause/consolidation before a new ATH/bubble top.
Fast Forward through clear, extreme and categorical corruption, as well as multiple violations of the constitution by the US government in many facets. (Where’s Samuel L. Jackson when I need him?)
February 4, 2014 Ulbricht indicted. Beginning of a major crash and the subsequent brutal bear market.
January 14, 2015 - Trial begins. First bottom of the double bottom is made.
February 4, 2015 - Ulbricht found guilty. Beginning of the consolidation for a trend reversal.
May 29, 2015 - Ulbricht sentenced to double life + 40 years (ow, right in the feels). Short term bottom within the consolidation band between the double bottom. The bottom of the bear market occurred a handful of months later.
August 18, 2015 - No correlation with Ulbricht. Second and final bottom of the bear market is made.
January 2016 - Appeal filed; smack dab in the middle of an important consolidation period after the bear market downtrend was broken.
May 31, 2017 - Appeal denied. First big and continuous leg of the next bubble cycle occurred over the previous 2 months.
December 22, 2017 - Petition for Ulbricht's Writ of Certiorari(his last hail mary) to have the US supreme court review the case. they eventually picked it up shortly after. The first bottom after the bubble’s peak and the beginning of a bear market.
February 5, 2018 - 21 organizations hop on board Ulbricht's petition. This is the EXACT SAME DAY that market made its first significant bottom with high volume.
March 7, 2018 - 7th) US government responds. One of the responses was the dismissal of the sixth amendment claim because "No precedent has been made." Double top pattern completing and signaling the next downside leg in the movement.
March 20, 2018 - Ulbricht responds. Short term top.
June ??, 2018 - Supreme court makes decision.
early/mid 13/14 bubble - shady business(average folk like us ain't allowed to know what happened)
end 13/14 bubble - finalizing Ulbrichts indictment and the categorical evisceration of the Silk Road.
Bubble Top occurs a few days later
FF through court business
January 2015 - Trial begins. Trend goes from bearish to neutral.
FF standard legal stuff
December 22, 2017 - Ulbricht goes all in on the supreme court
Bubble top occurring
February 4, 2018 - Legit organizations step in to help Ulbricht.
Major bottom occurring.
March 7, 2018 - US government says “Not so fast there Bucko”
top occurring
The anticipation/uncertainty leading up to the major legal proceedings, ie. court/supreme court, occurs in a downtrend while the major legal proceedings occur in an uptrend. I don’t know what the supreme court decides but there is anticipation/uncertainty now and the downtrend is occurring. Therefore an uptrend should have begun by the the same time the supreme court makes its decision, "by june". I’ll say the average all of the possible days that could be; June 15(probably closer to 30th). It's the same time area that consistently pops up in my analysis and agrees with McAfee
Ulbricht shot down - US given go ahead for being police state(take it with a grain of salt here). Not good for bitcoin.
Ulbricht given glimmer of hope - More clear and outright evidence that compounds the fact that the US government is corrupt; to a higher degree than we have already established. This should, but I highly doubt it will, spark a stronger cultural movement(or revolution) against "the establishment" due to how invasive and corrupt the masses now perceive it to be. Good for bitcoin
freeross.org
Vechain Mainnet! are you ready for another fomo? MainNet will be launched on June 30th!
over 110% profit opportunity!
MACD still waiting for confirmation.
stoch bullish crossover.
Targets:
Target 1: 55k sats
Target 2: 66k sats
Target 3: 62k sats
Target 4: 81k sats
Target 5: 93k sats
Target 6: 105k sats
at the moment Vechain is waiting for breakout of the falling wedge pattern.
BTC Still seeing the Moon in JuneSo you will see my last chart was in the 4 hour range and as I said it was off the day. I usually try and stay out of it until what I say has happened but have a feeling some maybe really feeling it. So here is my day chart published and where I have run that trend line so you can have a look. Some are running it from the latest bottoms and saying it is a triple bottom which should see a major push in the right direction.
This could be a shoulder forming we need to wait and see for that. If you draw this up yourself then flick it from the daily to the weekly you will see a double bottom forming which should be a very positive sign the last bear will be taken out by the running of the bulls.
If you are going to take this call good luck and keep an eye on it and watch the daily Macd for a cross over on a down trend after our bull run. The last price top wasn't in USD but believe 20k usd is where we will get close to and people will take profit.
Watch the charts closely for a change after we break out of the resistance side of the wedge, I'm not drawing waves guessing where it may or may not go we will wait for it to break out and view the volume. You could set a BTC buy at 7k usd you may just miss out on filling it if it goes lower than that 6800 is the lowest we should see but as we know crypto is a wild best and when you think you have it cornered it will stomp on you till you are dead.
Only put in what you know you can lose but if you are in it for the long haul don't stress at speed bumps like this.
If we see a candle start forming out side of the lower part of the wedge watch for all the doom and gloom posts its enough to make everyone second guess their choices, if you are uncertain to where we could head just divide what you want to spend then ladder your buys down the range as far as you think it may go but as always watch it with keen eyes as this can flip in an instant.
June to the moonOk so this is how I currently see this going, we will consolidate in this wedge testing support and the resistance side of these overall trend lines. I have drawn these trend lines from overall run up of BTC and downtrend to come up with this. I'm not working off the 4 hour chart that's a waste of time this is done on a day chart. So going off this I believe we will get very tight into the wedge and around june 11 we will see a break out heading north on the price chart. Providing there is no scam or major FUD that ruins the party we will not drop below that support line and break through the resistance that has plagued us for a while now.
As you can see on my other chart I was nearly on the day where we would see some action lets see how well we go now. I have bought hard in this last dip and made some pretty good bargains. Keep an eye on the macd to see if this confirms it but I have put my money where my mouth is.
******************************************************TIN FOIL HAT ZONE************************************************
If you also look at the weekly chart you will see we maybe approaching a double bottom which could be a shoulder formation and that will see us gain to 35k until buying is exhausted, unless regulation has been agreed upon. Looking at the banks and exchanges and preparing for crypto currency trading is telling me they are getting themselves geared up for the massive amounts of money that will flood the market. As we all know government won't move unless the banks give it a go ahead then they will make sure they get in first.
Sometimes you just need to open your eyes to the pieces being moved on the chess board
2017 JUNE RESULTSHi my friends. Here are the results for June! +832 pips
OTK Trades
GBPJPY +245 pips
GBPAUD +409 pips
USOIL +142 pips
AUDUSD +137 pips
EURCHF +35 pips
GBPJPY +287 pips
FAIL Trades
EURJPY 0 pips
EURUSD -112 pips
EURGBP -34 pips
USDCAD -114 pips
NGAS -99 pips
EURJPY -244 pips
USOIL -103 pips
USDCHF -99 pips
AUDJPY -55 pips
EURCHF -66 pips
That time of the month again, shorting goldHello folks,
been a while since i planned my gold trades and while some might be intuitive it's always better idea to plan carefully.
Since my last update some gold made another run for the 1290s, beginning of June, after somewhat steady May with a lot of bears actions keeping it from reaching 1280. The wave is over and we are reaching downwards, with a target ~1230 to load before rocketing to the 1300s in July and August. We did similar trade for May, but here it is again.
Overall the last trade went well, but the structure of the trades could be done better.I didn't trade gold during the British elections, but did close beautiful trade yesterday on the rate hike. However, I did miss 3 other trades by less that 0.50 cents and it was all downloads from there. Overall I made an lost, which brings me back here. Always plan your trades carefully. I'll try to find the time to share with you guys.
I'll probably publish another idea before that but that might be the short before the long. I'm considering adding physical too.
entry: 1267-1260
tp1: 1244-1245
tp2: 1233-1232
tp3(?): 1220-1218
Happy trading folks.
Exiting times for the EuroHere is my setup for the EURUSD this month. As it gets some traction and showing very bullish behaviour, we finally touched the resistance of Nov 2016. That was very exciting moment, but I would like to see it breaking before closing my current position.
An conservative estimation is to break 1.12 by the end of the month. However, there is space to retrace back to the bottom line of the 2017 trend, which might be good time the load long positions.
entry ~1.086 - 1.091
tp: ~ 1.1195 - 1.1245
sl: ~1.082
or if it breaks the trendline
tp: ~1.3275
Vix Fix for June/July; Get one here
SEASONALITY OF VIX INDEX, including nearest dated FUTURES
LOWS during Low Volatility era: 2011 to Present:
BUY LOW
Date of Low Low to High Time Period fronm Low to High
2011 on 27.6.11 17 to 46 3 months
2012 on 20.9.12 14 to 22 3 months
2013 on 29.7.13 13 to 20 9 weeks
2014 on 7.7.14 11 to 26 3 months
2015 on 20.7.15 12.3 to 30 6 weeks
2016 0n 15.8.16 12 to 23 3 months
Lows out of 6: July x 3 = 50%, June, August and September once each.
100% probability (no such thing in markets! so 90%) that low will be in a 4 month window from June through to September.
Maximum time period from start to end of trade = 3 months (3 months' roll-overs too). A pattern is emerging.
BUT DON"T SELL THE HIGHS (unless you have good TA to stop you from doing so, but that's a moot point and will no doubt be debated)
Date of Vix index High from 2011 to present:
1.8.11
17.12.12
7.10.13
4.8.14 and 6.10.14
31.8.15
7.11.16
Highs out of 7: August x 2 = 33%, October x 3 = 50%, November x 1 and December x 1.
100% probability (so 90%) that the high will occur in 5 month time frame between August and December. A second pattern is emerging: ALL lows in 4 months of summer. All highs in final 5 months of each year.
6 rallies of 90% x 2, 50% x 2, 125% and 166%.
5 months of inaction (January to May)
7 months of potential action (June to December)
Minimum rise = 50%, maximum = 166%
Sucessive lower lows each year from 2015 on Vix and nearest dated futures contract at 12.3 in 2015, 12 in 2016 and likely 11.1 or close to in 20017 - in June or July with 66% probability.
Conclusion: Sell Vix from October/November if you can see a clear bottom (preferably a double bottom) on S and P forming at same point in time.
And buy Vix (ie reverse position) in June/July. Use the wind behind you at the right point in the year and you will do well. Set sail at the wrong time of year and your voyage is doomed before you even leave land. Please see preceeding comment for more detail.
GBPJPY THOUGHTS - JUNE-SHORT TERM.After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside.
if we are not going to have that correction back to 0.618 my thoughts are that we are going down FAST.
Predictive Analysis of the Next Megabull Cycle - Break Out!Hey All,
We finally broke up of this long boring triangle as seen here in this zoom out of the current chart:
Bulls:
After rearranging the fractal and aligning it properly with our current triangle we can see that we broke out and blew past $435 resistance.
The accumulation being over, and no sellers/bears to be found anymore, we are not heading towards $452-460 initially from which we will go down from to retest $435-440 and confirm it as support on the 4H for the bulls to continue the megabull cycle to the "moon".
From there we have several potential targets but the fractal goes to $8100 per BTC.
My more conservative targets are: $680-700 and $1200-950 and $2500
Bears:
Nothing for the bears right now unless we break down under $420. I recommend to put your stop loss at $415 just in case. If I see a change I will first post on my twitter account and then follow up with a new chart on Trading View.
I am here to help. Feel free to ask me questions or Private Message me directly.
Also follow me on Twitter: crd.ht
Where can I register and buy/sell/trade Bitcoin?
Bitfinex Signup: www.bitfinex.com (Accepts Worldwide users)
Okcoin Signup: www.okcoin.com (Accepts Worldwide users except US residents)
SimpleFX Signup: simplefx.com (Accepts Worldwide users)
Coinbase Signup: www.coinbase.com (Accepts US Residents Only)
BitMEX Signup: www.bitmex.com
You can support me by joining under my referral any of the above Bitcoin exchange. If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month!
Other Fractal Charts I am working on:
Break Out turning into another Pump Similar to October 2015This is a self-explanatory chart. Assuming that we continue to pump similary to the pump from the early $200s to $500. It is pertinent to note that the consolidation phase has been extremely similar to now.
Current final target for this fractal is: $720-680
I am here to help. Feel free to ask me questions or Private Message me directly.
Also follow me on Twitter: crd.ht
Where can I register and buy/sell/trade Bitcoin?
Bitfinex Signup: www.bitfinex.com (Accepts Worldwide users)
Okcoin Signup: www.okcoin.com (Accepts Worldwide users except US residents)
SimpleFX Signup: simplefx.com (Accepts Worldwide users)
Coinbase Signup: www.coinbase.com (Accepts US Residents Only)
BitMEX Signup: www.bitmex.com
You can support me by joining under my referral any of the above Bitcoin exchange. If you join Bitfinex under my referral, Bitfinex will give you a 10% discount on your trading fees the first month!
Warning! Touch of 215-223 Area for a 4th Time can trigger DoomAn warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red line.
The demand is so low for BTC that market makers could not push it to regain 250-260. The bearish magnet effect is clearly seen and BTC will touch for a 4th time and wash down within the next 72 hours most likely. See annotation on chart as usual! Please zoom in to see all the levels properly.
This level is really dangerous to trade, you can just wait for the wash-down or short and sit down and watch the show. But I have outlined additional scenario in case we do get a bounce from 210-216 level. If the bounce does occur then we will retest 228-232 then drop in total capitulation down to156-180 initially (a bounce not shown on the chart is very possible from there to 215 or 260 due to a double bottom) then $123 to $98 range. But we could also fail to bounce and wash down to 156-178 area and maybe bounce there a little before washing down further.
Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 5Update 5 is a major correction to Update 4. Indeed the night I posted the earlier update, China decided to re-correct the price downward following my red bearish line due to low volume. I guess there was a slight delay which I did not take into consideration. So were back overall bearish for the short-term (next 7 days)
I will keep this simple:
> Set your buys at $553 (don't feel shy to add an extra $5 in order to ensure it gets picked up) (green arrows)
> If you are VERY DEARING and risk taker put another buy at $530 ($535 recommended) but we might NOT even see this range if we refer to the red line crossing the other. (scenario represented in yellow arrows. This really depends on the bears and how much they want to pump panic in the market)