Moon Phases
Bitcoin throws a curve ball, Golden Cross on 4hr & Daily chartSo as we build up to the first full moon of March, we leave feburary with bitcoin, throwing up a Golden MA cross on both the 4hr and Daily chart, we only just recently have the Death Cross form and that still potentially needs to play out before the Golden....
looking at the 4hr one here to get an idea of where to take some nice profits and where Bitcoin is headed in next few days, weeks and rest of March
we still not seen a clear break, today got rejected quite clearly at $11k
next supports at 10500 and 10200, if these break we could be in the same shit as last week, a basic kill zone
RSI shows quite oversold, so bearish there but MACD is rising up and expecting it to follow the flow bigger moves around first week of march with that full moon energy but it could go either way here, so im staying neutral for now, but will react quickly if breaks up or down
the fibs are there to show the retracement
so shout out to Tom who is providing DAILY professional Trade Analysis in our telegram chat group and feed, you can join by clicking the link in the signiture below:
here is an example of todays TA:
"BTCUSD 28 February 2018: Price action continued to push north during both UK and NY sessions, continuing with a price pop to near 11k during early Asian trading.
The handle from our cup and handle pattern we are tracking on the daily for the past couple weeks - has nearly completed with stochastics retreating from the key 55 level. We will potentially see more consolidation in this range untill a breakout conventionally marked by a death cross followed by the golden cross.
With bullish sentiment growing across the crypto market as BTC transaction fees drop and Segwit adoption reaches a high of 20% now we can see a stronger fundemental support during Q2."
t.me
t.me
outlook, headeding downwards to test previous lows and then possible break out and up into the first week or march but if klows dont hold awe could see further downside to 8k areas
trade smart and safe, wear a stop loss!
Bitcoin - Lunar Fibonacci Bitcoin continues its price action via both the median values within the pitchfork and Fibonacci retracement; take note how well the candles have found support or resistance within these values...
On a side note, I've plotted the moon phases for those interested in astrological trading; so far the moon phases have been a great signal for approaching volatility.
Bitcoin & Altcoin Correlation ( + Moon Phases ) Bitcoin has broken its downtrend line after 16 days of consolidation and started an impulsive trend rise right at the start of the full moon mark & a significant drop in BTC dominance to . Although this might have been a fakeout, the volume that entered has to be considered important in case you are trading altcoins. The primary goal of cryptocurrency trading is to accumulate more bitcoin, at least for me, since bitcoin is the king and will be until it doesn't. In that case, we move to another coin and accumulate it.
Bitcoin has been looking complacent on 27th of December when it hit 0.618 Fibonacci retracement of the move down, as expected, but is going through resistance at the moment.
The main question to ask now is how will altcoins trade versus bitcoin? We have seen time over time the inverse relationship between altcoins and bitcoin, and that will hardly change , no matter how much would we like it. So the trading plan for January is to trade altcoins that have the highest momentum and current bullish market sentiment, with tight stop loss & prudent take profit zones . That way we are protected from bitcoin impulsive rises in case they occur but can still accumulate more bitcoin when it is consolidating. In case the downtrend (RED) line proves to be support now, I expect to see bitcoin ATH during the month of January. Also I expect to see the rise at least until March, or even later during this year.
I wish you luck in accumulating more coins of your preference because this year is the year of cryptocurrencies.
Digibyte Buy Opportunity (around 200% profit!)Happy New Year everyone! My apologies for not being online the past few days, I spent my holidays with friends and family enjoying the anticipation for a great 2018!
During the holidays I changed up my portfolio into coins who I expect to do very well 2018, which was very relaxing to me since I didn't need to check my portfolio every damn second.
Now I came across DigiByte and it's looking pretty bullish to me!
You can see Digibyte is holding pretty well above the Ichimoku cloud and it hasn't broken the trendline yet.
RSI confirms a bullish divergence.
MacD has now come up to a decision moment and I expect it won't take long for DGB to take off for a second run up!
It's still a very cheap coin so grab it while you can.
First price target is around 665 sat.
Second price target is around 1100 sat.
Third price target is around 1400 sat.
- Set your stop-loss at 380 sats.
Good Luck on this trade!
Patience is key
Cheers,
Steve
I Hope This Means It'll Go UpHi friends,
If we look at the obvious supply and demand lines for XRP (I recommend the 5 min spread is much easier to understand), then we can see an event is about to happen. Either the Asian country will endorse it and the techincals will prove true or Tether will make some more USDT out of nothing and it will go up. Either way, someone needs to do something or else these fundamentals will prove false and we'll all look like a bunch of idiots. You heard it here first.
EURUSD short based on Gann's Time Cycles1. Market high here on September 8th 2017.
2. Gann had important cycles for time. And have the confluence of a number of them here just jamming into each other.
a. 270 day cycle - from the most important low on Jan 3rd, 2017.
b. 90 day cycle - from a swing low
c. 60 day cycle - from a swing low
3. We also have a new moon, which according to Gann theory says that there is a high probability that minor trends and major trends will show market highs.
The most important part of this short bias is based on the 270 cycle. Gann said that generally market tops at or near the 270 cycle will show a reverse 90 day cycle to end the year. When we have a confluence of many of these cycles, we get a very powerful bias for some downside momentum. More interesting is that today was the end of a 30 year cycle (one of the Master Cycles) with the anniversary cycle of the 1987 crash.
Gann was convinced that time was the most important factor and if this is true, then we should see some powerful movement to the downside. More interesting than that though, was his firm belief that major events in the world are slaves to these time cycles. In other words, news is not a causation of events, but a casualty of the influence of time.
BTC Moon tradeGood day all
Today I made a research of July's full moon it was 20th of July, time of sideways for BTC/USD and right at 2nd of August (New moon) it smashed on -30%
If that will happen this time also, we can see a dump, because pattern looks similiar to the current situation
So, MAYBE we can see dump in next New moon (23th of July), also it is close to segwit's decision, hype of it also can dump the price before segwit and grow after it.
My triangle is going to close 10th or 11th of July, and we will see where it will be.
Also, we have a strange signal on RSI.
Have a good luck.
SIA Moon Phases patternNow THIS is Technical Analysis shitposting. In all seriousness though, SC is showing a corroborative trend with the moon phases. Using the bars from the two previous moon phases SC is showing that it might bounce between the two higher Fibs by the midpoint between the last new moon and the next full moon. Astrologically fuelled BS or something to pay attention to?
Bitcoin price and moon cylesthe moon phases charted with bitcoin is interesting
it looks like during bullish runs (green lines) , the full moon (dark) marks volatility leading up to the new moon (white). For the first half of the new moon (white phase) we see a cool down or support build
This trend appears to be reversed during bearish phases
Next new moon is in 2 days. So based on these trends, on May 25th or within a few days of the 25 we could see the bitcoin top or a small consolidation before the next leg up.
Selling climax Last friday we saw another failed attempt from bulls to take over the market. The result was this daily shooting star candle, signaling the beginning of the downtrend. The 0,5 angle is now acting as resistance and next target is at least on the 0,382 angle below. My short signal is active on the weekly and daily, and even the monthly which I rarely look, is pointing towards the same downward momentum.
There is one important factor about timing that should not be neglected: next week: it's the beginning of the full moon. Note how many times there has been a selling spree during this period. During new moon, marrket tops and the next downward phase has its selling climax during the full moon.
Place your short, be gentle to wife/girlfriend and enjoy the week.