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Short set up on EurGbpAfter a bull run that lasted 2 months, now may be the time for a correction or a reversal. although I am having conflicting thoughts about this trade. if price goes in my projected direction that would mean a strengthening of the Pound over the Euro which I don't see likely amits this whole Brexit situation. Would be interesting to see how this plays out for the journal, technical analysis the move is waiting to happen, fundamentally......I don't think so at least. Risk: tp1- 2,2:1 tp2- 4:1 set up: Correction/reversal of a 2-month bullish trend.
by lafayettej
1
STILL BULLISH! LONG TERM CHART OF BTC! RELAX, I HAVE PROOF!Hello everyone! I have a fresh, juicy idea straight from the trees, its even greater than all my previous posts put together, and I mean it. However, I agree its tiresome to read, and I don't want every post to be like this, but this one is an exception because I have something really important to say. As you know I have a habit of writing very long posts, I have too many thoughts in my mind, and I usually jam them all into 1 post, which is not good for you guys, so what I'll do in the future is write each idea separately and focus straight to the point. This post will be looking at the entire history of BTC, from start to finish. We'll be looking at this chart from a birds eye view to truly understand the big picture of BTC. The future is bright and awaits us with many more phenomenal things to come, its exciting times, I can't stress that enough. TECHNICAL POINTS For reference, here's the legend for my chart: Blue lines = Long term support & resistance Pink lines = Short term support & resistance Green patch = Bull market Red patch = Bear market Grey patch = Consolidation phase Purple dotted line = BTC halvings Black line = DNM Support What you're seeing is a long term chart of BTC, I changed the view to log instead of auto, with this change we can clearly see that there is a massive yet gradual uptrend. We're bouncing off trend line supports and resistances on the weekly, the entire chart is going on an uptrend. If you look at the RSI, its telling us the same exact story. I don't see anything going to 0 here. It can only go up, there's literally no indicator saying that we're heading down, this is why I'm extremely confident, if anyone tells you otherwise, ask them for proof, which they probably don't have, because they're most likely "when moon lambo kids" who don't understand a thing about markets. I'm not saying I'm 100% right, but if you disagree with me, then by all means feel free to challenge my idea, I'm always open to a civilised conversation, write what you guys think in the comments. MARKET CYCLES The entire history of BTC looks astounding, and it only gets better from here. If you just look at the chart, you can see patterns that are very repetitive and predicatable, in a very good way. What you're seeing is just the beginning of BTC. Just like any market, BTC goes through cycles, we're currently on the 4th cycle, and its going to do the same thing as before. You see, every cycle goes through 3 stages, the grey stage, green stage, and red stage. If you look at very start of the chart, BTC starts off as grey, which is known as the consolidation stage, its going through a build up moment. After the grey stage, the price gradually goes up, and transitions to the green stage, thus starting a bull run. Once it reaches an all time high, it will create a resistance. The price will then pull back, cooling down from ATH and then begin its next phase, the bear market, also known as the red stage. The red stage is the end of every cycle. So it goes grey, green, and red, and it repeats itself in that sequence, just like traffic lights, think of the market cycles as traffic lights. Its done the same thing 3 times in the past 10 years, we're currently in the 4th cycle as mentioned previously. As of today, we're still in the grey stage, and according to my calculations, the grey stage will end at around October, Q4. Once October ends, we will see new highs, the market sentiment will change and we'll see a bull market emerging, this is the proof I'm talking about. You have to ask yourself, name me one bear market that wasn't followed by a bull market? FUNDAMENTAL POINTS To spice up my analysis, I'm going to talk about the fundamental side of things. You see, the purple dotted lines in the chart shows the date of the BTC halvings, every time there's a halving, a bull run triggers, fundamentally. Mining rewards get halved every 4 years, that means supply becomes low and scarce, causing the demand to increase, when demand increases, price increases. The coin is hard coded in the system to make itself explode every 4 years. There's one more fundamental point I want to make, its about the black line. Now, say what you want about bitcoin but what I'm about to tell you is a hard cold fact, there's no denying this. BTC's history is infamous. Cyber criminals used BTC to buy and sell drugs, as well as other illegal goods and services back in the early days of silk road, and is still being used to this very day except operated with a different marketplace. With that said, 5% of the total market cap of BTC is used for the dark net markets. BTC's dominance is currently $93,639,254,464, and 5% of that is $4,681,962,723, if you divide by the circulating supply, you get 5% of the current price. For reference, Here's my formula: (BTC Dominance * 0.05) / (Circulating Supply) = Price of BTC in the Dark Net Economy This is where the black line support comes from, when people say BTC is going to 0, they have absolutely no clue, its hilarious, they're just speaking from emotion with no solid evidence. Its literally impossible for it go to 0 when there's an underground economy happening right under our noses. If bitcoin magically dies, criminals will still use it with or without you, thus creating that black line for themselves. The Dark Net has been around for a very long time, good luck trying to take it down, because the FBI can't do it either. So there you have it, my TA and FA in one post. I place my bets on October, thats the timeframe I see when we transition into a bull market, I can't really put a price tag on it now but I know the next bull market is going to be insane, like literally mentally insane. The facts and figures are all there, its up to you to guess what you want the price to be, and it doesn't really matter because we're all going to be rich either way. Thank you for your time ladies and gentlemen, I wish you all a fantastic day! Twitter: @cyber_stocks Discord: CyberStocks#9378 Join my favourite community on discord: discord.gg Feel free to support me, any help is appreciated. All funds will directly support my personal finances, and most importantly, my mission of building an online brand :) BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
BITSTAMP:BTCUSD
by CyberStocks
Bitcoin's next move? Pump? Dump? Whales? Let's find out!Hey, what's good homies! I feel like its been weeks since I posted, but I finally got it done. In my previous article, I did say I have a big article coming up, and this is it. This post in particular has many things to cover, so let's get started! Let's quickly summarise some key points throughout this post: - Ascending triangle - 6k support is now a 6k resistance - The forever downtrend resistance is now a forever downtrend support. - Whale manipulation - Theory: Once it touches 6k for the first time in a long time, the price will most likely fail to continue, thus dumping back onto 4k support. - Finally entering the consolidation phase, we're currently neutral with the 3 planes of existence (I'll show you what I mean) A few things in this first screenshot. It's on the daily or 12 hour which is almost the same thing. It will take a few weeks for it to pop, if its actually a triangle. There's like 2-3 wicks that broke the form which might contradict this ascending triangle, maybe something to look out for. If it does pop, it could trigger a 6k retest, which all falls into the whale's plan, something I've been theorising for a while. So if we look back a bit, we noticed that the price broke past the forever downtrend, that's already a huge sign that the market sentiment is turning. We've been slaves to this bear for long enough, and we've finally broken free from this bearish oppression, all thanks to that massive 1k pump back in 2nd of April. BTC's overall state is bullish, no question about that, there's plenty indicators that point that direction. This may sound silly but just like any other market, its only bullish until its not, I believe there needs to be a stronger pullback from the 1k pump back in 2nd of April before reaching higher highs which is still bullish but just needs time to cool down. If there's actually a dip coming, its only temporary before surging up to 6k, it stops at 6k because we know that it was once a strong support line that held for a whole year back in 2018, since we're retesting it, its now become an insanely strong resistance. Since the 6k support was so strong, its only make sense for our new resistance to be just as equally strong. So here's the secret plan, the whales will be dumping at the 6k resistance, mainly because the resistance is insanely strong anyway, so it makes sense to dump at that point in time. I can't guarantee that, but there's plenty of evidence to suggest that happening. So we pumped from 4k to 5k, so what's the price doing now? Did it run out of fuel? Well, I don't have an answer for that. However, there's something I and many others are certain of, we can expect a pump to 6k within a few weeks, no exact timeframe but it is inevitable. Here's the crazy part, when that does happen, the price will change market structure and fall back to a hard support in the 4k area. Just remember, when we see the next pump, the main stream media will start reporting this, and give false, misleading information as always, bait their viewers and fill their minds with junk. As a result, retail investors will see this and they'll repeat the same mistakes as always, and buy BTC very very late at 6k, and then get dumped on by whales, its very dirty I know, but this is how the game works. Its all fun and games when the price is up, until the whales decide the make a move. Its important to realise that this was all planned and schemed by the whales, as always. History will always repeat itself in these markets, or any financial market for that matter. People don't learn, sadly. However, people like us who chart everyday and keep updated with accurate and authentic information do learn, thus the market rewards us for understanding the game, and punishes those who don't understand the game. (Screenshot by D4rkEnergy) "Lastly if we take a look at the Weekly Chart, you can see that the Bullish Momentum is getting bigger and bigger (even though the pace is not as great as before - but that is normal during a correction). Also the RSI is holding above level 50." -D4rkEnergY You see, the whales have been accumulating BTC since 3,300 USD which was back in Jan. They bought at 3.3k and will dump at 6k. That's a total profit of 90% (1.9x gain). They pretty much 2x their money without any guessing or gambling, they don't need to do any TA either. Whales have the power to plan and calculate these moves, which is why their always being blamed for market manipulation. Whales are not stupid, I wish they were, but they're not. To avoid getting destroyed in these markets, it's up to us as traders and investors to figure out their game, and play along with their rules. We're simply passengers getting on and off the train, we can't control the train. Once they dump, most people will lose their minds like always, yes its depressing to look at, but its not the end of the world. However, it does begs the question, once the market dumps from 6k, what can we expect now? This is where it gets fun, because I honestly believe we're at a very interesting stage in the market, now you've probably hear that line a million times a day but allow me to explain. It's interesting because we're literally stuck between a rock and a hard place. The strongest resistance right now is the 6k one, and we have 3 levels of support. Support #1 is at 4925 USD, Support #2 is at 4K-4.4K, and lastly Support #3 is currently at 3k-3.2k. The last two are specifically is a trend line supports. This means that the market can't bounce upward or drop downwards either, the market wants to stay sideways until the it feels like doing something. My screenshot has defined 3 areas, or planes of existence as I call it. Heaven, earth, and hell. Heaven means we're bullish 100% if we break the 6k resistance, I'd confirm a bull run 100%. Earth means we're neutral, we're stuck in the blue area, bouncing between support and resistance (consolidation). And lastly, we have hell, the red area, which was a stage we just recently passed, we can literally say "We went through hell and back." Something definitely worth celebrating, because we earned it folks! The price has found itself a stable place to stay, but for how long is another story, it can only rest and take a vacation to recharge itself for the next bull run, also known as the "consolidation phase." The consolidation phase is simply a stage in the market where it needs time to rebuild itself, it needs to time rest before changing cycles. In other words, its basically a bear hibernating, once the bear finishes hibernating it wakes up and starts wreaking havoc. So in market terms, when the bear wakes up is exactly when the market wakes up and decides to start a bull run. The reason I say this is because the 6k resistance is too strong at this time to break through, and the forever downtrend has become an extremely strong support that it can't go back into hell again, this means we're stuck between a rock and a hard place, which leaves us with only one option, to consolidate. The market is trying to say "let me hibernate." Its been a long night, market is tired, and it just came back from a hard day's work, literally going from 1k to 20k and then from 20k back to 3.2k. I hope this post sparked some ideas, and gave some value once again, let me know what you guys think in the comments, I reply to all of them! And don't forget to like and follow me on TradingView! I lots of spent time researching and discussing ideas with other traders to gain some insight and clarity, which lead me to write my own article with my own twists. Shout out to D4rkEnergY and his recent posts for inspiring me to write this. Thanks again, and as always, have a fantastic weekend everyone! Optional donations! All funds would directly support my personal finances, and most importantly, my mission and vision of building an online brand :) BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
BITFINEX:BTCUSD
by CyberStocks
Bitcoin Cash SV - Is Craig Wright Satoshi?I am back again with another market analysis. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey. LITTLE BIG MOVEMENT LATEST BLOG POST BCHSV - It has been a hard week for BCHSV as Craig decided that he would go on a rant about how he is Satoshi. I have left value area box from the 10th April to show how price has stayed within this area even after Craig decided to go on his twitter rampage. I try to keep away from the fundamental analysis because the news is always slow to react and the charts are the fastest way to see when something has changed. If you look at the tweet from CZ, the big boss at Binance you can see that the time of his tweet **FCUKED** the Bitcoin Cash SV market. CZ tweet was at 9:45 PM - 11 Apr 2019 I will be honest it is not CZ's fault, but what Craig is doing is directly affecting the industry and the SV coin. I doubt I will be able to provide more technical analysis until Craig decides how he is going to approach his quest to prove that he is Satoshi. Fundamentally the coin should be fine, but remember that people like CZ can change the game in one tweet. "Patience is the key to any market" - Nathaniel. Next update will be in the coming week - Thank you for your love and support. To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well. Regards Nathaniel - "THe BiPolar TraDer" Little Big Movement
B
by Little_Big_Movement
Confirmed! BTC closed above the forever downtrend! What now?Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion. Alright now that's over with, let's start with a quick reminder, this chart has combined 6 of the world's largest exchanges together to get an average of the world volume and data. This is a follow up to my previous article, last time I said we're very bullish if we close above the forever downtrend, and a bull run could potentially start. So let's fast forward 1 week later, and what do we have? An actual huge green candle that closed above the downtrend, that means we went from bearish to bullish. However, that doesn't mean the bull run starts now. It still needs time to consolidate, I'll talk more about that in my next article, with a much more in depth analysis. Let's focus on what's happening now. Everything still looks good on the weekly, only thing that's changed is an open red candle on the weekly, this tells me that its simply a pullback from the massive pump last week. If you look on the RSI, we can clearly see that the volume pump vertically, and is now followed by a pullback. This is very normal, for every push there's always a pullback. Our most recent correction was at 4922 USD (29,532 USD) with the candle just wicking the mini, weakish support line. This is considered a bullish sign if you're an Elliot waves guy (I'm happy to explain Elliot waves in another article, let me know what you think in the comments section) because it means that we have a truncated wave. For every push there's a pullback, what goes up must come down. In other words, If we're going up, the price needs to cool-down before it can go further up again. There's a lot of drama and commotion about the market sentiment right now, people are saying things like "we're going to 4,200 USD." If you think 4,200 USD (25,200 USD) is bad wait until you see what the whales have installed for you, there's a much larger picture than what we see now, I'll explain the whale's secret plan in my next article. Back to the 4,200 USD debate, we don't actually have solid evidence to make that claim, we'll have to leave it as pure speculation for now. However, it doesn't mean it can't happen, and that's the funny thing about these markets, you always have to consider every single possibility. A dump to 4,650 USD (27900 USD) is what dictates the direction of the price. There are certain things that must be required before making a viable predication, if it qualifies then it's believable. Just remember, price pumps or dumps in crypto markets must be severe enough to define whether something can turn bullish or bearish. If you look on the 4 hour chart, I've spotted a heads and shoulders, and its still at play right now as we speak. Let's take a step back and have a detailed look. The chart is trying to tell us that the bulls seemed to correct before we hit the neckline, it looks like we might be creating a new higher high or what might be the right shoulder. The size and shape of our right shoulder will determine how much the price will retrace to. I know this article was short, but I wanted to follow up with that recent pump that happened last week. I also wanted point out a few things to look for afterwards. Please stay tuned for my next article, I have some big, crazy, and interesting news to share. Thank you everyone for your time, have a great weekend! P.S. I've decided to accept donations. I'm trying to build a brand and business for my trading career. If you would like to donate, all funds would directly support my mission and vision. I still appreciate each and every one of you whether you choose to donate or not. BTC Donations: 1AuZiofHSqM5gV1ttxUddNovDhEtHgMUgA
BITFINEX:BTCUSD
by CyberStocks
4
BNB ready for a healthy pullback?Current Style of Trading: 4hr/Daily/Weekly Swings. Sentiment: Longterm: Bullish Short-term: Bearish (I do believe BNB will not fall to a yearly lower low given it currently sits well above it at over 200%, needless to say this can change and so will my sentiment if markets show me otherwise. Observations: Last weekly higher low at $5.94 RSI levels Oversold (weekly). Declining bull volume for the past 3 weeks. Topped out at previous strong resistance 17.50 level. BNB has been running strong for the past 13 to 14 weeks establishing a strong weekly uptrend, but the odds seem to favor a healthy pullback in the upcoming weeks to establish a new weekly higher low compare to $5.94 Possible pull back target: EMA 12 & or 26: It would not surprise me to see BNB at the very least retest the weekly EMA's allowing the RSI levels to cool off opening the doors to a break above 17.50 Also is worth noting the 50SMA a the time or writing is literally right above the EMA 26 making it even a stronger support in my opinion. I favor a pull back or at least a period of sideways trading taking in consideration the insane move BNB has had in the past 2 months or so, per technical analysis we know that a healthy pullback is needed to see continuation, having said that BNB can easily skyrocket in the event of extremely bullish news so please take this into consideration. (I am simply stating the most likely scenario in my opinion) My thoughts: keep in mind I'm not expecting BNB to drop a whopping 40% to meet the EMAs where they're currently located, to get a better picture we will need to pay attention at the Daily, 4hr and 1hr charts to find clues where the possible bottom of the pull back might be at. I will be patiently waiting for this pull back and oversold levels to make an entry, depending on the volume behind the bounce I will sit on my trade for several days or weeks, walking my stop loss along the way. Disclosure: Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on BINANCE:BNBUSDT BINANCE:BNBUSDT any mistakes, or incorrect analysis the best way to learn is from each other as a community. Happy trading to all of you!!
by jemk88
EURUSD - What Does The EU Economic Summit Have In Store For Us ?With the EUR looking ready to melt, we have however seen a spike to the upside, with BREXIT volatility as well as we saw the USD tumble across the board due to the FOMC statement and the Fed leaving the rates unchanged which should remain the same for the rest of 2019. Subsequently this led to equities rising as the USD weakened. Today, we will see the EU Economic Summit where we will find out whether or not PM May & the UK will be granted their request on an extension on Article 50. Friday, we see data releases from the French & German Manufacturing and Services PMI. Back to technicals and we can see that we have a 2nd touch off the outer trend line and we currently sit just below the 78.6% Fibonacci level . We were able to break the monthly key of 1.13000 with a lot of bullish momentum and we are approaching the weekly key of 1.15250. However, with that being said we can see strong resistance and wick rejections within the 1.14500-1.15000 price region and I anticipate the Euro to fall from this position. We can see selling pressure and liquidity being built up in this area which could potentially give us an opportunity to go short and see the weekly key of 1.11000 being met and even 1.09750 price regions being met. We were in a descending channel creating lower highs and lower lows with a new higher high being formed as we speak. This may be a trap to entice buyers however I see far more downside potential as we can anticipate the dollar to recover after FOMC dovish comments. If we are able to breach the weekly key of 1.15250 with no signs of rejection or bearish candle stick patterns, this analysis will be invalid. We can also see a "W" pattern being formed which could potentially bring this pair tumbling down so keep this pair on your watchlist. I'll be back with more articles later today, so be sure to follow and if you have any questions, head over to my instagram. Instagram : keownarcher
Short
by KeownArcher
1
EURNZD - Time For a Tumble We've seen a decline in the Euro since early January rejecting the weekly key level and breaking the monthly key seen at the 1.66250 price region. The Euro has seen a lot of pressure with fundamentals, Mario Draghi speeches and certain rates being held till the end of 2019. EURNZD has seen a nice clean break and retest of the counter trend line and pinged off the 61.8 Fibonacci level. This should give us a nice push to the downside with my first take profit around the minor support seen in pink on the chart, which lies around the 1.64250 psychological price region. We can also expect a bit of consolidation as we sit in a zone where we've seen multiple wick rejections and the may be building up a large amount of liquidity before the market can see a tumble. As always, trade with correct risk management and lot sizes suitable to your account and have a great day! More articles on the way later today. Instagram: keownarcher
Short
by KeownArcher
CADCHF - Can The Bears Override The Bulls ? Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted. So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection from the weekly key and we can look for bearish candle stick patterns to indicate a reversal and then our next Lower High will be confirmed. This will then be anticipating a Lower low to continue the downtrend and we can see price drop of around 250 pips. Stop losses will be just above the weekly key. Instagram: keownarcher
Short
by KeownArcher
1