Projection
BTTBTC Correction Wave AnalysisBINANCE:BTTBTC
BTT is currently in a correction wave.
Price movement is tight and looks like to be forming a Elliott triangle wave. Looking for a thrust out of the triangle to the upside to finish wave B.
A shallow wave C should follow with support at the 0.00000029-0.00000028 level if we are to see any signs of strong bullish behavior before resuming the previous trend.
This will also form the cup and handle pattern.
If those levels does not hold, then we will see a deeper wave C looking for support at 0.00000025 and then 0.00000021.
Ultimate '19 Bear Market Target >>$1350 (Bollinger Bands weekly)If you check out the Bollinger bands on the weekly BTC chart, you would see how over extended they become when BTC hits its all-time highs.
Using a basic analysis on the Bollinger Bands bottom (lows) at each all time high, gives a very good projection/indication of the lowest price range of BTC in each following bear market.
Projecting the above theory to the December 2017 bubble, we can project that the BTC bottom will be around the $1350 price (ranging between $950 and $1755) within the March-May 2019 window .
My best guess is a quick shot down to the $1350 target from the $3k levels sometime in late Feb/early March, followed by a swift U-shaped recovery back to the $3k levels in April to begin the new consolidation phase & Bull market...
Forecast US 10 year treasury yieldThis is an attempt to forecast the yield on treasury notes based on technical analysis. Clearly this is an incomplete analysis as fundamentals will also impact heavily. So let us consider the following a base case. First, there are trends in the yield. I would not call it cycles because they have different duration. Those thends tend to last a longer time, more than six months. I use the average trend duration to make a forecast of the bottom. Second, Fibonacci is used to make a price projection. 38% retracement would mean going down to 2.5% (from 2.8% today). 62% retracement is 2.0%. The fall in yield will not be smooth and will have ups and downs (indicated by an ABC pattern from Elliott. but it could equally well be an 12345).
Forecast: In July 2019 the yield will have fallen substantially. A good benchmark is 2.3%.
The analysis is incomplete because it does not take explicit Fed action into account. A 10 year yield of 2.5% would invert the yield curve even without any further increase in the short term rate by the Fed.
EURAUD Short EURAUD showing slight weakness for a short opportunity.
1Hr Bearish Engulfing and a 4Hr bearish engulfing.
This is also completed a three wave structure to commence the C wave.
Yellow Projection: Our preferred scenario to fall to the area of accumulation. Look for any sells through to this point.
Divergence between two peaks of RSI and we have the stochastic approaching the 50 line.
Teal Projection: Second scenario could break the prior A top then head south.
The risk: Keep your stops above blue A if you have the capacity otherwise $1.5830 for a nice tight stop on this short play.
USDCHF#USDCHF #Trading
Yellow Projection: Price could strengthen from here and tag through the trend line. Don't be fooled by this imposter bullish sign, as we still could expect one more wave down to 61.8% to compete the 3 wave correction.
Teal Projection: Second scenario would be crossing the trend line with great momentum taking price to $1.04.
Don't be frightened to take short positions down to the extreme level with any bearish continuation pattern. If price falls to the 78.6% - 88.6%, wait for RSI (cross the 20) and STOCH to cross (Cross 20 or 50 minimum) simultaniously and any other indicators to support to buy.
The risk: Price could fall and tag the (X) wave which would be a wash out, then head towards the target area.
Overall I am following yellow arrows and will only trade the yellow signals. I'm 80% bullish if yellow triggers.
In the eye of the hurricane one must go with the flowWithin the present correction a bear stand is the only logical position. Sure it can turn over, and with the current volatility it may well go up or sideways. I believe there is still margin for the SPX500 drop at the very least to the 2591, as that is the full Fib retracement of the previous up swing. If Europe opens lower and Japan and China bleed all over there is no other path and something really unexpected would take us out of this quagmire. But beware! This may well not rest at the fib prediction. If we go lower up to 2394, this is officially bear market territory and it will take several months to get out of there
Some other reasons that lead me into believing we can continue, is how fast we broke the previous channel, and even it's projection lower served as poor support. It hang in there for 3 days, then it broke that level with one slight visit upwards, which confirmed the down move. Momentum is really low, and even if it may turn upwards, It is in deep bear territory. Bull approach at your own risk
This said, with such volatility, I will enter cautiously looking just to get out as soon as we reach the fib level of 2541. I will use an almost 1:1 risk reward ratio; something lower like 1:2 or thereabouts would stop me before this morning for sure.
Projecting From Stability Continued: Desert CrossingBitcoin is 3 weeks into a period of extended price stability that encapsulates the final weeks of the bear market. Sentiment remains low and neutral. Recovery will be apparent over the next 1 - 5 weeks. New platforms, like Bakkt and markets have been announced and are planned to come online but positive news will not seem to substantially change prices.
A gradual parabolic breakout is not likely before June 2019. Significant price discovery has been established in this range and the bottom of a new channel has been established, but we may continue to test it. Continued growth is observed in institutional markets and new international markets.
Crackdowns on ICOs and altcoin speculation have kiboshed unchecked growth in alt markets, which continue to decline. BTC's market domination is over 50% of the total Crypto market cap. That number will grow over the next year.
Large leveraged positions against the altcoin markets still aren't available to most traders who operate in compliance with local laws, but they will be made available over the next 1 - 2 years.
Medium-term consolidation ends
Resistance to growth remained through the summer. Bearish and moderate performance was accompanied by price stability that is still increasing. Heavy resistance remains before bullish sentiment can return. Moderate performance is likely through the remainder of 2018, but I don't expect the price to exceed 9k any time this year.
New ATH sometime between March 2019 and December 2019
Heavy resistance is broken—drawn from the 2014 ATH and the December 2018 ATH—and moderate sentiment keeps bitcoin in a consolidation phase under the previous ATH for months. A new wave of adoption from new markets increases BTC volume to previously unimaginable levels. Full capitulation from alt market speculation exposes frivolous and or fraudulent crypto-assets and securities. Government crackdowns and arrests begin to pile up in alt market ICOs. Public outcry against abuse and fraud triggers international concern. Capital escapes from small alts to the top 5. There will be less than 15 cryptos with a market cap over 500 million USD. Additional speculation about the halving and institutional adoption lay the groundwork for a new round of irrational exuberance.
The ascending wedge drawn from the 2013 ATH is difficult to break
We bounce off an ascending wedge and establish a new ATH between December 2018 and January 2020. The bottom of the channel is not retested. Capital flight into BTC from alts eventually pushes bitcoin through the ascending wedge from 2013, which altcoin markets will likely never push through.
Bitcoin's adoption rate rapidly grows. It’s fueled by speculation; institutional adoption will try but cannot dominate BTC ownership. Speculation attracts a new wave of users who are disenchanted with traditional investments. Bitcoin's young male demographic starts to diversify and enter new markets internationally.
Lightning wallets become the standard BTC UX. LocalBitcoin processes 15 to 30 million USD in transactions daily. Press praises BTC as a tool ready for “Main Street.” A practical use case for lightning in retail businesses is implemented in some markets.
Bounce off the new long-term channel in early 2020
Speculative fever ignites and BTC markets observe substantial resistance for the first time since Dec 2017. The new ATH is somewhere between 100k and 220k USD/BTC and the correction triggers fierce new BTC obituaries from major institutions.
Hitting the top of the channel signals a medium-term bear market and moves prices into a comparatively moderate range, under 100K USD/BTC. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020.
1m USD price targets are commonly issued from established financial institutions by the end of 2021.
BTC: 3CX34Yg6o9GPNimDTF3e8UvYhm6QAmFX6N
Projecting From Stability ContinuedCurrently
Bitcoin is 3 weeks into a period of extended price stability that encapsulates the last 25% of the bear market. Sentiment remains low and neutral. However, recovery will be apparent over the next 7 - 20 weeks. New platforms and markets will be announced or come online but positive news will not seem substantially change prices.
A gradual parabolic breakout from stability is likely after the next 7 weeks. Significant price discovery has been established in this range and the bottom of a new channel has been established, but could be tested. Continued growth is observed in institutional markets and new international markets. Major financial tools for institutions have been announced.
Crackdowns on ICOs and altcoin speculation have kiboshed unchecked growth in alt markets, which continue to decline. BTC's market domination is confirmed and will push over 50% of the total Crypto market cap soon.
Large leveraged positions against the altcoin markets still aren't available to most traders who operate in compliance with local laws, but they will be made available over the next 1 - 2 years.
Medium-term consolidation ends
Resistance to growth remained through June, July, and August. Bearish and moderate performance was accompanied by price stability that is still increasing. Heavy resistance remains before bullish sentiment can return. Sideways and comparatively moderate performance is likely through August and possibly through September.
New ATH sometime between November 2018 and June 2019
Heavy resistance is broken—drawn from the 2014 ATH and the December 2018 ATH—and moderate sentiment keeps bitcoin in a consolidation phase under the previous ATH for months. A new wave of adoption from new markets increases BTC volume to previously unimaginable levels. Full capitulation from alt market speculation exposes frivolous and or fraudulent Crypto assets and securities. Government crackdowns and arrests begin to pile up in alt market ICOs. Public outcry against abuse and fraud triggers international concern. Capital escapes from small alts to the top 5 - 10. There are less than 20 Cryptos with a market cap over 500 million USD. Speculation about the halving and institutional adoption lay the groundwork for a new round of irrational exuberance.
The red ascending wedge drawn from the 2013 ATH is difficult to break
We bounce off an ascending wedge and establish a new ATH between December 2018 and January 2020. The bottom of the channel is not retested. Capital flight into BTC from alts eventually pushes bitcoin through the ascending wedge from 2013, which altcoin markets will likely never push through.
Bitcoin's adoption rate rapidly grows. It’s fueled by speculation; institutional adoption will try but cannot dominate BTC ownership. Speculation attracts a new wave of users who are disenchanted with traditional investments. Bitcoin's young male demographic starts to diversify and enter new markets internationally.
Lightning wallets become the standard BTC UX. LocalBitcoin processes 15 to 30 million USD in transactions daily. Press praises BTC as a tool ready for “Main Street.” A practical use case for lightning in retail businesses is implemented in some markets.
Bounce off the new long-term channel in early 2020
Speculative fever ignites and BTC markets observe substantial resistance for the first time since Dec 2017. The new ATH is somewhere between 100k and 220k USD/BTC and the correction triggers a new BTC obituaries.
Hitting the top of the channel signals a medium-term bear market and moves prices into a comparatively moderate range, under 100K USD/BTC. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020.
1m USD price targets are commonly issued from established financial institutions by the end of 2020.
BTC: 3CX34Yg6o9GPNimDTF3e8UvYhm6QAmFX6N
moonmath.win
POTENTIAL BULLISH BAT - EURJYP H1Here is a PROJECTION of a Bullish Bat Pattern that I think is forming. All trade info on chart and also below.
* Please Note: I am new to sharing these ideas and charts, so if this is helpful, please Like & Comment and I'll continue to share the ones I find.
Trade Entry, Targets, & Stop:
Entry: 129.864 (88.6% Retracement of "XA" Leg)
Stop Loss = 129.511 (113% Extension of "AX" Leg)
Target 1 = 130.353 (38.2% Retracement of "AD" Leg)
Target 2 = 130.656 (61.8% Retracement of "AD" Leg)
Manage Trade = Take out half of position when Target 1 is achieved, move Stop Loss to Break Even, and let remainder run to next target.