Nison
Monthly Analysis: Binance - This is the pullback.History:
A buy signal presented itself on the Monthly chart when a Hammer candlestick signal
created horizontal support at the low of the Bollinger Band, signaling that the asset
was oversold. This occurred exactly at the 78.6% retracement of the up-wave.
Price has now met resistance at the 50.0% level and is poised to pull back. By
connecting this high with the previous one I'm able to draw a resistance line into
the future and therefore easily represent two high probability setups:
1) Today's candle is currently 47.18% from low to high. There is a little known
Fibonacci trick regarding large moves in single candlesticks; a move with sufficient
bullish momentum to bring price to new highs should not generally pull back greater
than 50% into the large candle. Therefore there are these two setups. In this case,
if price finds support at the 50% level (0.0020761) the wave can try and continue it's
ascent to the old high, invalidating the new one. Or,
2) Price will make a pullback into Fibonacci ratios relative to this up-wave. We will
look to enter somewhere between 0.5 to 0.786.
Here is a Golden Key: How price closes at Weekly Pivots P (0.0018719) will determine
whether the market will trade above or below it. a Weekly/Daily close above/below this
level will be a strong indicator as to the direction of price in the coming weeks.
Monthly Analysis: Binance - This is the bottom.A buy signal cannot be more obvious than this.
- Connect the Low to the High of the 22 month bullish wave.
- The 20 month bearish wave just ended in the perfect convergence
of Candlesticks and Western Technicals to give a buy signal.
- A Hammer candlestick signal creates horizontal support at the low
of the pattern at 0.00102. Not only did this occur on the low of the
Bollinger Band, signaling that the asset is oversold, but it also occurred
exactly at the 78.6% retracement of the up-wave.
- Remarkably, there is a convergence of strong Western Technical sell signals.
The high of the Bollinger Band lines up with the Tom DeMark TDST resistance line.
- Assuming an uninterrupted DeMark bullish wave, I see this asset being bullish
until approximately October/November of this year.
Technical Analysis of Bitcoin appears to be quite the inverse of this. Whether
or not you believe that Bitcoin will go higher or lower, confidence in the stability
and security of the reputable Binance exchange makes buying the Binance token
BNB an easy long.
Bitcoin & Ethereum - LONG [Weekly Perspective]Buy Ethereum. You will make more money. We're using Bitcoin Weekly for the Technical Analysis. Weekly is the GOLDEN KEY. By my assessment it is safe to buy now. This up wave should conclude on the Week of 14 September.
T1: $13,900 - $14,600
T2: $16,000
T3: $18,000
April 30 - Buying the PullbackDaily:
- Perfected Daily TD Sell Setup (8). 9 looks like it will develop into an Evening Star.
- Hidden support level 50% into tall candle.
- PB&J within 61.80% & 78.60% fib.
Description (from bottom to top):
- Morning Star at 50% of previous swing drew horizontal support.
- Nison traders opened longs at 6850.60.
- SMA 10 / EMA 30 Golden Cross activates Nison PB&J long strategy.
- TD Sequential made a sell date obvious and price topped exactly at the minor down trend line.
Action Plan:
Expect the next candle to come down at least 50% into the tall white candle, creating an Evening Star bearish reversal and locking the market in a trading range between Evening Star ($9845) and Shooting Star (7469). The 50% area should be an excellent place to look for Swing Trade longs on lower time frames. Pay Special attention to the Sweet Spot between SMA 10 & EMA 30 as that is the ideal buy zone. Expect the $7469 Weekly Shooting Star support to hold strong. Daily charters can look to the Stochastic lower band for entry guidance.
Psychologically the people have had success and they want more. Profits were taken at the obvious Daily TD Sell level exactly at the minor down trend line. The natural order of things to follow are a) pullback, and b) attempt to break minor trend line with the greedy goal of hitting the major trend line.
Assuming an uninterrupted decline, the next Daily TD Buy Setup would occur on 10 May.
ETHUSD - Swing Trades// This post will be one continuous log of Nison/DeMark Swing Trading opportunities.
Look for long opportunities on bullish candlestick reversal signals at 50% large candle retrace near $202.69 .
THE ASCENDING TRIANGE PATTERN BREAKOUT TARGET
HAS ESSENTIALLY BEEN REACHED AT
THE DEMARK 9 SELL, EXHAUSTION POINT.
A LITTLE KNOWN HIDDEN SUPPORT LEVEL IN TRADING
IS THE 50% FIB OF A VERY LARGE CANDLE,
SUCH AS WE HAD IN THIS MOVE.
LET'S ASSUME THAT INEXPERIENCED TRADERS ARE BUYING
THE TOP HERE AND LOOK TO BUY AT THE HIDDEN 50%
SUPPORT LEVEL NEAR $203, NEAR/WITHIN THE IDEAL
PB&J ENTRY LEVEL AT EMA 30.
LOOKING AT THE PARALLEL CHANNELS, WE SEE ALSO
THAT WE'RE NEAR THE TOP. A PULLBACK HERE
MAKES THE MOST SENSE.
GIVEN SEVERAL OTHER FACTORS I BELIEVE THAT THE
NEXT PROFIT TARGETS AFTER THE PULLBACK ARE
IN THE UPWARD CHANNEL ABOVE THE PRESENT ONE.
TAKE PROFITS. HAVE FUN!
Buy BitcoinBuy Bitcoin. See new post.
1. Uptrend.
2. PB&J Golden Cross makes center of MAs buying sweetspot.
3. Old resistance becomes new support (green lines).
Price is within the buying sweetspot. Look at candle #4. Swing traders entered here, and lost on candle #5. The shakeout happened below the low of candle #4, below EMA 30 (yellow).
Reasons to buy:
1. TD 1-9 momentum kicked off a 13 bullish trend count.
2. Selling pressure has relieved over 7 days.
3. Price is at the perfect Sweetspot support, EMA 30.
4. Nison 'Swing Shakeout' pattern.
Expect the new daily to break $10,500.
Buy BitcoinPrivate posts over several days.
Short-Term Bullish Perspective>
- 0.5% retracement of previous tall white 4H candle ws 8500. This was hit, buy orders were triggered. Nison Fib training explains that a strong market shouldn't have price fall deeper than 50% in these circumstances. The Weekly chart is absolutely bullish, suggesting that any pullback should be short-lived and overcome when the main trend continues.
- Retracement happened at logical level per TD Sequential and Daily Nison horizontal resistance. This was in the books, not anomalous.
- Price pulled exactly into PB%J strategy SMA 10 sweetspot. Deeper Sweetspot is at 8000 level, so that is the next excellent buy order entry level.
- m15 chart has several hours ago printed a TD 9 Buy signal, which occurred outside BB oversold band. Current candle paints Aggressive TD Countdown (13) Buy signal, along with a 12. The next candle will be a Sequential 13 Buy signal.
Short-Term, I see us having a rally now. 8900 is an area to watch out for resistance, this is m15 PB&J EMA 30 resistance. I'm supposing that a failure to overcome this level with volume may be the cause for pullback deeper into the 1D PB&J EMA 30 level at 8000.
H1 9 Buy Setup is in m15. This adds weight to a rebound now.
m15
H1:
Nison PB&J Pattern: Shadow-30
Timeframe: 6H
Causes:
- PB&J (SMA 10 / EMA 30) Golden Cross.
- Pullbacks into sweetspot confirmed demand zone of moving averages.
- At COP (Change of Polarity) support.
- Lower shadows show demand under EMA 30.
- ~Hammer has increased volume compared to previous candle.
- Several following low volume, Spinning Top / Doji candles.
Effect:
Breakout attempt of prior resistance ($9,188.10).
Nison PB&J Pattern: Low Vol - High Vol (Squeeze)
Timeframe: 6H
Remember to focus on the Weekly perspective!
- Nison SMA 3/12 Golden Cross
- DeMark 2>1
- DeMark trend is bullish and heading to complete the 13 Sell at $10,800.
- Fishers are bullish as fuck
- DMI's ADX is gonna blow once it flips over 20. +DI > -DI