BTC.D: More alt gains until PRISM’s psar-based RSI/Stochs resetsAs I had also posted on the 21st August in a telegram channel as a reply.
t.me
More minor alt gains until PRISM’s psar-based RSI/Stochs resets.
Noteworthy: However, divergence in the progressive tops of the psar oscillator where it is descending, while BTC dominance is ascending.
Majestic
BTCUSD: mixed but conditionally bullish-biased signals.Bitcoin to rebound back to top black resistance level, if price continues to hold above red support line — allowing the PRISM RSI and STOCHS to reset. Momentum still in the negative though, and acceleration and Jerk oscillators doesn’t look to be rebounding yet. Need to wait till PRISM acceleration oscillator to turn positive first before deciding on an entry time.
Suitable stop loss might be at slightly below the lower black support line perhaps.
Litecoin to fall a bit more (before rebounding at support?)LTCUSD likely to fall to as low as 74-72 USD before (hopefully -- depending on the MAJESTIC-X indicator and RSI/STOCHS) finding support and rebounding to 83 USD, and hopefully continuing up to 61.8% Fib level at 93 USD in around a week.
Using the MAJESTIC-X (Momentum/Acceleration/Jerk oscillators) with the candle range set to "15":
The red jerk oscillator is now crossing the green acceleration candle, with all oscillators in then negative, hinting that the price has more to fall atm.
Need the Momentum histogram to start negatively peaking or plateauing, before prices can make a turn-around.
Will continue monitoring how the chart evolves through the week.
Indicators also used:
Fast LIVIDITIUM Low Volatility Channel {EMA} - dynamic support/resistance levels
as well as the
AEONDRIFT (with FUSIONGAPS indicators) - Stdev levels , with built-in indicators derived from the FUSIONGAPS oversold/bought oscillator and death/golden cross indicators, coupled with its momentum and accelerator based reversal indicators as well.
More pain ahead for Altcoins after some initial gains? Bearish for altcoins in the mid to long term if BTC.D finds support at ca. 68.7% and rebounds (at or before 6th Sept).
Neutral for altcoins , if BTC.D drops below 68.7%, or fails to move higher away from 68.7% after 6th Sept.
Bullish for altcoins , if BTC.D falls below 68.7% and retest as resistance with immediate target down to 66.64% (then chart to be reassessed).
BTC have further to fall, but to complete massive Bull Flag?First target = 9112 USD
Second target = 8500 USD
and if that fails, BTC will likely fall to 7230.
And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new heights.
Need to closely monitor the RSI, Ichimoku cloud, as well as momentum/acceleration oscillators and MA signals (e.g. using the FUSIONGAPS and MAJESTIC-X oscillators) to see how things play out.
See also:
BTCUSD still on an upward trajectory.Guide band range set to = 4 on the weekly chart.
LVDT levels changed from "LINE" to "Area" and colors adjusted accordingly for those levels.
Price needs to stay within the green band shown.
If price moves to the upper bound within the green band, it is more likely to come down.
If price move to the lower bound within the green band, it is more likely to rebound upwards.
If price breaks significantly into the upper red zone above the green band, it is very likely to get strongly rejected downwards (i.e. during the past ATHs).
For price to advance higher, the collective LVDT band levels needs to first climb higher first to provide the upward "channel" for sustainable growth.
Right now, the LVDT bands looks to be on a healthy steady growth trajectory.
LIVIDITIUM {LVDT} Lite {Dynamic Fib Levels}LVDT lines change to "Area with Gaps" and color adjusted accordingly to define zones.
Observe how well the price action interacts with the different levels.
The rest is self explanatory.
The main levels are defined by the thicker lines.
The "finestructures" are defined by thinner lines.
To ideally be used in conjunction with the MAJESTIC oscillators, which shows the Momentum , Acceleration , and Jerk (i.e. the Acceleration rate of change) of the LVDT lines.
Future Update: Implement text labeling of the individual line levels.
LITECOIN getting LITE-er.Next support @ 0.0075 BTC? 0.0070 BTC? or 0.0069 BTC?
FUSIONGAPS reversal signal triggered on BTC.D low-timeframe chart.
However, looking at the FUSIONGAPS and MAJESTIC oscillators, BTC.D is likely to continue higher.. perhaps up to my previously predicted 71% value before before a minor turn-around (minor "selected-alts" season) can happen.
BTC: Crazy and unlikely ATH prediction, vs an earlier predictionMore probable to just reach 20k by the end of this year.
But here's my previous, and in my view, probably prediction of the next ATH using the LVDT dynamic guide bands/levels. (previously named "Bifrost Guide Bands") at the time.
Target: ~280kUSD @ ~Feb 2021
In previous cycles, the bull market came in 3 phases.
1) The first phase is where the price remains range bound between the red LVDT level and the black 100 sma,
2) until it eventually breaks the red LVDT level and enters the 2nd Phase ( the start of the parabolic phase ) remains range bound between the red and the pink LVDT levels,
3) and finally it breaks the pink LVDT level and peaks when it hits the final orange LVDT level.
However, for the current market cycle, we jumped straight into Phase 2!
BTC: TA and speculative price movement in August 2019.All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first massive flag into another.
Bearish Bitcoin Dominance Chart: Minor Altcoin Season Incoming?Bullish: 50/15HiRev signal triggered in the AEONDRIFT Band script, with dominance dropped from the "overbought" level 3 band into the level 2 band about 35 hrs ago.
Need to wait till the:
blue MAJ momentum oscillator to enter into negative, or shows a clearer descending profile to prove conviction.
thick (currently red) FG oscillator to show a clearer descending profile + the green DFG line (momentum) to cross into negative as well.
for confirmation.
AEONDRIFT
LIVIDITIUM
FUSIONGAPS
MAJESTIC