Momentum Oscillators
A look at the S&P 500 Chart (weekly and daily charts)Will the orange 200 weekly SMA hold?
If the index dips below this historical support, it will mark the start of the next recession as it did in 2008.
Daily Chart:
BTCUSD 7Mar20: Bullish/Bearish ScenariosBullish: Coming down to 8732 USD and bouncing off, establishing a higher local low?
Bearish: Dropping back down to the 50% Fib level @ 8507 USD, and probably will then retest 8732 USD before failing and falling deeper down.
Present course of action?: Wait & watch for next move.
Price likely to drop lower first for both cases. Set stop-loss for bearish case (@ ca. 8675 USD) with the aid of the RCVI Stop-Limit Selector Script.
Fresh PRISM Signals' Buy signal triggered (suggesting an underlying positive acceleration of the momentum increase).
However, need to wait for Cyber Ensemble for technical confirmation -- which actually recently signaled a sell instead.
Clear bullish signs of accumulation present.
However, the actual PRISM acceleration/jerk oscillators look weak.
Significant low reversal earlier triggered on FUSIONGAPS V5
Continued from:
PRISM Signals signaling BUY on the 1D Chart.Suggesting a possible start of a momentum swing to the upside at the higher-timeframe.
Need to wait for candle close for confirmation.
Will be more bullish if/when the buy signal is triggered on CYBER ENSEMBLE as well.
PRISM Signals
CYBER ENSEMBLE {PREMIUM}
See also shorter timeframe analysis:
Furthermore, price also closed above the orange 200 DMA line!
BTC broke above 8732 USD. Retest 61.8% Fib-ext @ 8981 USD next?Bullish in the shorter term. Need to break above 61.8% Fib-ext level @ 8981 USD and finds support over to be bullish in the mid term.
PRISM Signals signaling "Buy". However will need to wait for Cyber Ensemble to signal a "Buy" first before making a move.
PRISM Acceleration/Jerk ribbon looking bullish, pulling Momentum up further, and looking like it has more upside to go.
Continuation from:
BTC: "Buy" signal on my Cyber Ensemble script triggered. BUT..BTC have finally now tested strong support zone between 8.5-8.6k USD.
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Also appear to have found support above the 61.8% Fib retrace.
A bounce looks possible on the short term, but won't be too bullish.
PRISM Momentum is rising again, while PRISM's primary oscillator indicates oversold condition.
Price needs to recover back above blue zone again and be supported by it (and hold), for me to feel truly bullish again in the mid-term again (i.e. within the next week or two); for now, I'm playing it cautiously @ ca. 9633 USD
Or at least, it needs to pierce back above the 78.6% Fib-retrace level, and through the Ichimoku Cloud ({Cybernetwork} settings) and be supported by it, putting it back within the descending channel again @ ca. 9450 USD.
This will prevent the 50/200 DMA death cross from occurring.
There's a possibility for price to fall even lower after a more probable weak recovery (i.e. anything below 9450 USD), to drop further down to 8k USD (or an even more bearish scenario, down to 38.2% Fib-retrace level at 7745 USD) so I'm preparing for that scenario as well.
On the 1D chart, it simply looks like a retest on the 61.8% Fib-retrace level and testing the green Ichicloud for the first time.
Provided that the 1D Ichicloud does not flip negative, and price doesn't go significant below 8475 USD, and appear to be rejected by the 8.5k USD level, I will remain cautiously bullish into the longer term (i.e. next mth or two).
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My short term prediction for the price to first bounce off above 9 and 9.5k USD, or at least move relatively sideways didn't work out. Price went straight to my mid-to-long term target around 8.5-8.6k USD -- showing that market is exhausted for now, and I won't be expecting a parabolic run up again anytime soon, as well as highlighting the need to set sensible stop-limits to protect your funds and limit risk no matter how bullish/bearish one may "feel" about the market. Looks like the market needs time to consolidate and stabilize first.
See previous analysis:
and
Possible downward channel ETH is now in. 228 USD target?Looks like price will want to bounce up again in the shorter term, and even eventually go down to 215-228 USD @ the 61.8% Fib-ext level.
Speculation: ETH possibly making its way up after hitting 61.8% level to overcome resistance -- to signal a pump much higher after completing a bull-flag formation.
Acceleration is trending upwards into the positive now, which is expected to pull Momentum higher again.
As usual, highly dependent on BTC chart too.
Buy Signal triggered on PRISM Signals on the 1hr timeframe.
Will wait for it to be triggered on the 3hrly time frame (where there's better confluence) for confirmation.
See prior analysis:
BTC now tested and supported by bottom of channel.Clearer signs of a positive change in momentum.
Price moved further down from ca. 9500 USD support, divergent from Cyber Ensemble buy signal.
Will wait for it to be confirmed for 2-3 more candles and as previously mentioned: " Will wait for (the blue buy signal on) PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact. "
Also as before mentioned, there's a chance for it to go relatively sideways down to 8600-8500 USD first before recovering -- so need to wait for confirmation before making any move.
ETH broke below prior ascending channel support: drop to 228USD?ETH broke below prior ascending channel support: drop to between 215-228 USD?
As usual, highly dependent on BTC chart.
Ichicloud also flipped into bearish state.
PRISM AJ-Ribbon looks like it is about to turnaround though.
But need to wait for PRISM Signal "Buy signal" to trigger to confirm bullish momentum first, before recovery can be deemed more likely.
ETH more likely to fall back down?Cyber Ensemble sell signal triggered on the 3hrly.
BTC also looking weak atm:
However still need to wait for the breakup/down for confirmation and look at the macro timeframes.
IMO shorter timeframes doesn't predict price movement towards the end of a consolidation that well.
1D chart bullish in the longer term, but looks like it wants to come down to revisit 216-228 USD first.
i.e. could set 50% of the trading pool to catch a break up, and the other 50% to catch a break down at appropriate levels.
See previous analysis:
BTC might have found support at the "bottoming" cyan trendline.Buy signal triggered on my Cyber Ensemble script.
Will wait for PRISM Signal to trigger as well perhaps, then relook at the chart and PRISM oscillators, before if a breakout higher is imminent or will price more likely break down lower infact.
Followup analysis from:
BTC to come back down to revisit 9500 USD before breakout...before breaking out higher from bull flag formation.
See also:
ETHUSD still looking bullish; inspite of BTC dump.. for now.Looks like BTC is likely to be moving sideways for awhile. If it does and price doesn't breakdown, then ETH will likely remain bullish.
Buy signal triggered on my CYBER ENSEMBLE indicator on the 3hr chart too.
Need to keep a close watch on BTC chart.
See prev. ETH analysis:
Latest BTC chart:
BTC Breakout of ascending channel. Sideways or down to 8.5kUSD?See text in chart.
Continued analysis from:
Daily chart analysis.
LIVIDITIUM (LVDT) Dynamic Fib Channels/Levels:
More zoomed-out view of the LVDT Channel for comparing with historical behavior.
BTC buy signal triggered on Cyber EnsembleFound support at the bottom of the ascending channel as well.
Continued Analysis from:
BTC coming down to find its next support on the Ichicloud (6hr)Waiting for buy signal on Cyber Ensemble {PREMIUM} to trigger.
Lowest point = 9525-9350 USD
See also:
and
50/200 Daily MA Golden Cross incoming.
ETH Chart AnalysisWhat is needed before a turn-around to continue up? See text in chart.
Higher-High and Higher Low still intact.
Continued from:
BTC (less speculative) longer-term analysis [UPDATE]BTC have successfully pierced the 10159 USD resistance, and is expected to head gradually towards 11764 USD (by 27Feb20? presently confined within an ascending channel), if it is able to pierce that level, then there's a potential to seeing a parabolic rise to 20k USD.
The next higher level will be at 14102 and 17058 USD, but those are relatively weak resistance levels.
Follow-up analysis from:
3D Chart:
Weekly Chart:
BTCUSD: Buy signal triggered on Cyber Ensemble script.If BTC can cross over relatively weak 10178 USD horizontal resistance level, and finds support, expect a significant pump upward, perhaps to the 11760 USD level.
Possibility of BTC revisiting 9341 USD first.
Support/Resistance levels marked based on VPVR.
Will progressively update this posting; next might look at Fib extension levels, and non-horizontal trendlines.
See also:
As well as (for Altcoins)
EURAUD 450+ pip LONG- EUR/AUD Long-term Trade for Long position
- Potential for +450pip movement
- Uptrend started late-February 2017
- Currently within strong uptrend channel
- Price recently bounced off bottom of channel
- Price has crossed key resistance level as shown by "Classic_Levels" indicators, which shows that it is probable that price tests higher resistance
- The space between both lines in the Relative Vigor Index (RVGI) is high, which indicates that bullish momentum is high in this case.
- Price crossing above Ichimoku Base Line, which shows that price is bullish.
