Marketanalysis
GAME OF BITCOINGreetings!
In this study I just want to share my thoughts on the gameplay. Lets be the fuckin MM just for a couple of seconds, and watch plebs, and make bets on them.
We push the price 6K zone we watch the news plebs loosing lifesavings, houses, jobs, etc.
General players started play on our side. Everyone gone bearish as fuck, most of them started to short the all mighty BITFINEX:BTCUSD . ( 6 months ago 90% of them cant even think about to shorting option on BITFINEX:BTCUSD ). Then BAMM we get in their houses, rape their souls take their money and started the biggest pump that newbies didnt even saw at the peak of the last bullrun (+1K in almost 20 mins).
Charts showed DVGS' , H&S reversals but no we didnt stop we made it to almost 10k. Cuz those plebs who lost almost everthing at 6K zone have to gain something so they can pay us again right? Anyways Alts started booming BITFINEX:BTCUSD stayed strong etc etc.
But still the MF Volume is not satisfying! When price goes sky-high, market still feels the fear! However they can not stop their greed they want more! So Let's give em more lets go to 11K maybe just a little bit higher to satisfy your charting skills for you to convince yourself to put more money in in with a clear conscience. Now market is euphoric everyone celebrating n stuff than again boom! Selling contest starts they push for -2K than plebs take it over and they create another selling climax. We "the MMs" buy their hopes and dreams again and complete that wanna be H&S and go the fuckin ATH with a little group behind us like we always do.
Now back to the reality. We are not the MM we dont have that power to drive market wherever we want! So ask yourselves are you trading according to what market shows you? Or are you trading under control of your desires? According to the last pleb control drop which happen at 04/05/18 ( the Test as soon as daily closed to 9.5k-9.3K) showed us that we put our SL with greed and according to our desires! So the scenario that u just read has some good chance to occur.
I believe that sometimes getting out of the charts and thinking the possibilities might be usefull for the game we play.
Be careful, stay strong, and let your greed fuck itself not you!
Bear Market Bounce? Descending Triangle Short TargetThe next leg down (when measured from peak to baseline) has us stopping right before we hit "bear market" territory. From the current high (open/close) a close beneath 2298.296 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 2440 area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
Some planning and a good time to buy Well It's that time now where we can sit back relax and get a good look at our charts. It's Bank holiday, end of 1st Q, end of the month, end of the week those bars are printed so we should be able to get a decent look at what may be going on.
For me firstly Iv'e just briefly been taking a look at the majors and volatility etf's to get an overall stand on the market. What i like here on the S&P500 We can see that in March we did not make a new low, held within February's range and just settling around the 12ema on the monthly and right around the 50ema on the weekly chart where we started to see a little bounce, particularly tech which was nice to see starting to bounce on Friday. So for now i don't think there's any reason to assume we are in a bear market yet. Noticed a few breadth indicator charts flying around too with notable lower spikes on recent selling than previous weeks.
S&P 500 MONTHLY VIEW
We didn't make a new high either but did test it so this could go sideways for a period of time, but we closed in the bottom of the range so for now i will assume we can enjoy a little bull run with many sectors and stocks oversold.
That being said, on to my scans not going to go into great detail. On this chart was just a simple scan looking for stocks where 5 period stochastic on the daily is below 30 oversold and on the weekly the 50ema is moving up smartly over a period of 20, Some might like to look for stocks over longer periods but for me i'm a short term swing trader i like to trade the now so i'm just looking for short term trades. All i'm doing then is analysing the charts on multi time frames looking at macd behaviours and momentum oscillators etc.
This one popped up right near the top of my list and straight away just looking across the board the time frames where falling in to place. What i also noticed without having to crunch numbers and go through financials was that this stock is a really nice growth stock just looking at that trend which has been strong and steadily growing along the way since 2010 when it was trading for under $10. This will have picked up many investors along the way. With that in mind this would be a perfect place for some investors to get involved again as it's the first visit to the 200 ema since this trend kicked into gear, Looks fairly cheap having dropped 25% since recent high, also at a monthly support level.
Market estimate #bitcoin #btcusd Analisis creado el 20-2-2018Nos encontramos en una zona donde podriamos visualizar una congestion del mercado. Su proyeccion a lo largo de estos dias del mes ha sido temporalmente estable, sin embargo posiblemente estemos llegando a los precios de los 12-12.2k para luego recibir un retroceso a la zona de los 10k aprox si es de darse la condicion natural del mercado. En este momento los inversionistas llevan gran margen de ganancia con relacion a los analisis anteriores publicados por nosotros. Atentos a esta zona ya que en la bajada podriamos tener un incremento en las alts para continuar adecuadamente los movimientos del mercado. Estimaciones y proyecciones que presentamos a los momentos con BTC grafica 1D.
Channeling the Dow's Channels - As I Saw Them in My Dream!I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
The Dilemma With Technical Analysis- USDJPY This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases.
We have the 50 fib bounce and the trend line break suggesting a higher USDJPY while on the other hand we have a head and shoulder pattern and also a 50 fib bounce suggesting a lower USDJPY. So which way will the market move?
This is where knowledge of the fundamentals will prove beneficial, analyzing the fundamentals can help in deciphering which way the market will most likely go. Understanding what is driving the USDJPY and what the market is currently focused on combined with the technicals is one of the safest ways to trade.
Now for this trade if you are trading based on the technicals it would be best to wait for the USDJPY to break above or below the broken lines in the chart before looking to place a trade. If you understand how to read volumes then you can base your entry on signs of supply/demand.
DASH: Stabilized DASH is one of the most stable markets I've seen according to the Technicals. Since its ATH it has been mingling in this zone for almost a month. only small upside I see for a Bullish Rally is the light green bull trend line, this is showing slow and steady long term growth for the long run, but it is difficult to see the next close rally with the small amount of volume this market is experiencing and the long wicks prove it.
LTCUSD History Repeats!?LTC ready to repeat the pattern of $100 to $400 of past months to what has it has consolidated till date.
Possibly, ~$300 to ~$1000+
With increase in media attention of Crypto the time line is squeezed between bull run to bull run.
LTC has been quite for some time now. Where as other smaller valued crypto despite of large supply had growths multiplying their values to several tens of times if not about a hundred odd times for some crypto.
LTC 's growth has been largely hindered by these factors with traders jumping on to make huge profits with such coins.
LTC will regain it's TOP 5 spot shortly.
LTC is in very similar position as XRP before it's run up. Neglected by most of the traders blinded by other Crypto run ups. XRP was also at 7/8 spot when it started it run up to end at 2nd spot.
twitter.com
@SatoshiLite has tweeted about reduction of transaction fees by several orders of magnitude which is a great news and LTC tested $300 mark following the same.
In coming days the reduction of Transaction fees along with Lightning Network 'll make BCH redundant.
Considering all that's planned I am highly optimistic that LTC is ready for a massive bull run increasing it's value by 3-4 times .
If everything goes according to plan LTC will set a firm foot at 3rd/4th spot by market cap for a very long time.
Thank you.
Happy Trading.
Disclaimer: This is just my opinion and not to be considered as financial advise.