Bullish perspective of BTCUSD (Daily Chart)Main Chart
BTC need to close above this updated dotted yellow trendline to confirm a long.
Long-term Resistance (solid white line) up just above ~10000 USD.
Lossa bullish W-ing like accumulation patterns.
PRISM Oscillator Set
Stochs presently oversold (Green Background)
Red pRSI (Main-Oscillator) resting back to the baseline.
Acceleration/Jerk Ribbon creeping sideways in the positive.
For Altcoins vs. BTC analysis, see:
Prism
BTC:USD - Inverse head and shoulderBTC looks like it is ready to rebound on the hourly.
Confirmed if price breaks out above yellow dotted line.
Bullish PRISM Oscillators signals (Daily Chart):
Stochs Oversold State
S-Osc in the positive.
Acceleration heading into positive, expecting to pull momentum up towards the positive.
Cyber Ensemble Signals (Daily Chart):
Long-term trend of the yellow dotted line:
Bitcoin bullish outlook.Bullish w-pattern.. Accumulation phase..
Still support above red 21 EMA.
Thick daily green ichicloud.
Golden-cross with positive momentum of the 200 SMA confirmation.
Will sell if gets rejected by the daily 21 EMA + with the pRSI/Stochs/Momentum/Acceleration/.. states of PRISM Oscillators considered.
Potential long opportunity for THETA:BTC.Ichicloud still thickly bearish in the 1hrly though.
Price now at the 61.8% Fib retrace after retracing ca. 53%.
CYBER ENSEMBLE triggered a blue Buy signal.
PRISM Oscillators Set Analysis:
pRSI Stochs in the oversold state.
Bullish divergence in the pRSI, as well as pRSI about to cross bullish above its 30 VWMA.
Momentum already in the positive, pulled up by the bullish Acceleration/Jerk-Ribbon; which is in turn sustained by the positive (yellow) snap-oscillator.
Summary:
Buying if price holds above the green 50 SMA, and the red 21 EMA crosses above the green 50 SMA.
S&P 500 to continue ~sideways, but plunge towards 2186 imminent?Speculative prediction: Overall, S&P 500 probably will continue slightly higher or at least hold sideways for awhile (but will likely not go significantly above 3124 to confirm a higher high), before plunging down to below 2186 eventually setting a lower low.
See also:
Historical comparisons ( 11Mar20 post ):
"Markets can remain manipulated by the FEDs, longer than you can remain solvent." -- modified quote of Keynes'. XD
Businesses are still down in the US and the world. GDPs projections in the -ve around the world. Job loss at the record high. Economy looking very bad, depression looming. And yet the S&P is now above the daily 200 SMA (even with multiple indicators flashing bullish! Albeit with some bearish divergence appearing as well on multiple time frames) and might continue to pump even higher (before an actual dump, or maybe not).
In Venezuela, everyday can be a bull market.
www.barrons.com
ENJ:BTC bullish trade.Bullish W-pattern forming.
Buy signal triggered from CYBER ENSEMBLE.
PRISM pRSI-STOCHs looking bullish.
Acceleration/Jerk-Ribbon (AJ-Ribbon) of pRSI rapidly increasing into the positive zone, pulling momentum into the positive atm.
Snap-Oscillator (the yellow-pink line) also in the positive suggesting that the AJ-Ribbon will continue to rise.
Cardano (ADA:BTC) AB=CD long trade.Bull Flag setup Trade.
Hidden bullish divergence of the pRSI (main oscillator) of my PRISM Oscillators Set have emerged; with momentum entering the positive -- pulled up by the positive and increasing AJ-Ribbon with Snap lingering in the positive.
AB=CD confluent with 161.8% Fib extension level.
Also, BUY signal triggered on CYBER ENSEMBLE on the 1hrly chart!
Caution: 21 EMA crosses below the 50 SMA on the 15 mins. However not a significant issue unless confirmation of this on the higher timeframes (i.e. 30 mins and 1 hrly). Setting stop-loss accordingly below the 61.8% Fib with volatility factored in.
Note: The thick purple lines are the VPVR support/resistance levels.
I know the chart is cluttered. I only have one screen and this is how I like to analyse my chart, where all the relevant details are in view together; so that I won't over-focusing on any particular one of them.
ENJ:BTC trade. AB=CD bullish trade.Been too busy to publish by trade setups lately.
Here's one of several trades I'm in right now.
Cyber Ensemble BUY signal triggered on the hourly chart.
PRISM Oscillators Set
Bearish Divergence realised.
Hidden Bullish Divergence emerging.
pRSI-Stochs oversold state
AJ-Ribbon as well as the S-Osc on a sharp upward swing.
Caution: SPX may dump at any time now.Sell signal on CYBER ENSEMBLE {Premium} triggered.
PRISM Oscillator's pRSI (main oscillator) entered bearish phase by crossing below its 30 VWMA.
Ichicloud reverted back into bearish state.
Economy significant impacted by the COVID-19 pandemic lockdown: jobless rates high, businesses going bankrupt, etc. no real sign of recovery yet. Market artificially propped up the FED's money printing (banana republic style).
BTC:USD Long-term bullish trend continuation?BTC pierced above the 8017 USD VPVR resistance with strength and is now supported above the purple 8743 USD VPVR level. Current daily candle need to successfully close above for confirmation.
Price is now well above the 200 SMA which will continue to pull the 50 SMA towards a golden cross.
Bearish if the price drops back down below 8k USD.
PRISM Oscillators Set indicates the start of the next bullish phase for the month (or two) ahead.
Won't be buying now as present price is not a position of strength.
Was cost-averaging in to HODL (long-term investment stash) when price was below the red area marked, also shown in my previous published ideas, etc.:
Sold my XTZ back into BTC until 21EMA/50SMA DX occurs again.A couple of days up to 2 weeks max of downtrend expected to have commenced.
Probable target is perhaps at the thick orange 200 SMA around 78.6% Fib.
However if XTZ drops below the 200 SMA and gets rejected, then it suggests a more drawn out bearish phase.
S&P 500 Bearish Target.DAILY CHART
Weekly chart:
3hourly chart look. More upside to go; to retest 200 SMA
Expected S&P 500 to retest 200 SMA and fail on the daily, according to my previous 22Mar20 post .
QUOTE: " Easter 11 Apr 2020 update and re-look at the SPX chart "
Continue from previous chain of analysis:
Historical comparisons ( 11Mar20 post ):
ADA:BTC Bull FlagNow, waiting for CYBER ENSEMBLE {PREMIUM} to register a Buy signal, and PRISM Oscillators Set to revert back into a bullish phase again.
Expecting retrace back down to 61.8 % Fib level (i.e. 0.00000561 BTC) first.
Then bull flag target @ 1.618 % Fib level (i.e. 0.00000625 BTC); which is also precisely the measured move of the bull flag as drawn.
Quick HOT:BNB analysisHere's a quick HOT:BNB analysis that I've done for a subscriber to one of my script.
Publishing this just to put it out there.
CYBER ENSEMBLE seem to have good confluence on the 4hrly.
Red/Green = PRISM Signals (Free to use for now -- momentum/acceleration based signals)
Blue/Orange = Cyber Ensemble (Technical Signals)
====
Its stuck below 21 EMA on the daily since 7Jan20.
Note: Historial candles too short to use PRISM Oscillators (as well as the PRISM Signals) on the daily chart.
BTC pierced above the 7238 USD VPVR level! Will it close above?Bullish Scenario playing out in my Apr 06 post in my previous on-going analysis updates .
Note: as explained in a prior published idea, the current ascending channel is drawn as such base on my personal trading preference to ignore the initial equilibration “ringing” after a massive sudden move. I believe it tends to be wise to wait awhile before a clear new market structure form after the previous market structure has been broken.
Previous stances ( posted here ):
QUOTE:
(Apr 05) Right now I am actually neutral in the short term, so long as the red 21 EMA holds. I will only be bearish if the green 50 SMA fails to hold.
The PRISM oscillators indicates a bearish bias atm, however the Snap Oscillator and the AJ-ribbon are only gently sloped downwards, which could also mean a relatively sideways movement, with a very slight drop (perhaps to retest the 50 SMA) before rebounding.
Right now, I am actually slightly and cautiously bullish into the longer-term base on the current market trend. But similarly, for me to become truly bullish, the price will need to break up above the yellow ascending channel, and to clear the 7238 USD VPVR resistance as well and retest it as support.
(Apr 06) The fact that the Sell signal have been triggered on the Cyber Ensemble suggests that it will be difficult for the price to successfully break up higher this time round as well. And if that is the case, the price will likely come back down; and may very likely break below the red 21 EMA, as well as the green 50 SMA with the failed attempt by the bulls -- with the immediate bearish price target of 6100 USD at the bottom of the ascending channel drawn, and hopefully closing and supported above the orange 200 SMA. Setting stop-loss at the 6612 USD VPVR level just below the green 50 SMA to lock in profits accumulated so far just in case.
(Apr 06) If the price falls and closes below even the orange 200 SMA, then BTC will likely follow through with a break down below the yellow ascending channel, marking the start of a more significant and perhaps violent downtrend.
However, as per the above latest chart posted, the AJ-Ribbon looks to be in a strong upward swing, which will likely pull momentum back up into the positive.
This is in conjunction with the main P-Oscillator looking to cross the 21 VWMA really soon as well! I'm cautious slightly biased to the bullish case atm now, but will wait and observe which condition is fulfilled before making my next move.
(Apr 06) BTC had now successfully closed above the yellow ascending channel.
Switching to 4hrly chart where the Cyber Ensemble and PRISM Signals indicators have now have better confluence with the price action, indicating a reduction in volatility.
The bullish/bearish scenarios as described above are as shown.
Moving up to the higher 6hrly timeframe: The AEONDRIFT bands (stdev bands -- similar to the well known Bollinger Bands) have drastically narrowed, indicating reduced volatility; and a possible significant move incoming.
6hrly chart (zoomed out):
CYBER ENSEMBLE performance on the 15mins timeframe.But the CYBER ENSEMBLE indicator still works the best on the 3hrly for BTC (or 2/4 hrs depending on market phases -- just do a comparative back-test for maximum confluence of recent price actions/trends ); where the more erratic price movements during low liquidity phases tends to be averaged/smoothened out. See:
However, it is sometimes useful to go down to lower (e.g. 15 mins timeframes) during fast price movement -- like with the recent BTC pump.