GBPUSD rally incoming!Sup Traders
We had a nice move from the gbpusd over night, we are expecting the same movement in pips today!
Remember to keep the risk managed!
Cheers :D
Rally
Bitcoin - The Entry for the next big Rally (Structure, S&D, ...)Hello Traders !
Today we will have a look at Bitcoin!
Confirmation:
1) Double Top Formation
2) Structure
3) Support Resistance
4) Supply Demand
I think that a lot of investors would invest their money when bitcoin is at a low price and a lot of people will follow then the trend.
Let me now in the comment section below your view on Bitcoin and what you think about my Video Analysis.
Please leave a Like.
Thank you and we will see next time
- Darius.
The next year(s) for BTC: What to expect.So BTC is looking good, more and more so with each passing week. Some still cling to their hopes that they can buy in cheap at sub 3k prices, hoping for BTC to do the famous ABC correction, because they mistakenly
thought that the top at 20k has been wave 5 of the trend that started in 2010.
However, BTC doesn't really care about Eliott wave theory, I am skeptical of it anyways, because it mostly seems to work in hindsight, hehe.
BTC is driven by adoption, by the underlying principle of hashing and difficulty and block reward. With the block reward halving nearing and nearing, and transactions remaining high, the chances for a bigger
dump are now getting lower and lower.
Yes, we still could revisit the weekly MA200 currently at 5200, in a brief and brutal flash-crash, akin to the Silk-road flashcrash in 2013. That is not impossible.
But, we are now getting ready for the next rally.
How fast will it go up, we cannot know, but I drew 2 routes which I think are the likeliest.
The blue one is the surprise route, where BTC surprises us with unexpected quickness, reaching the ATH sooner than in the last cycle.
The green one is the "normal" route, which many expect, namely ATH again towards the end of 2021, corresponding well to the roughly 4 year halving cycle.
I am unsure which one it will be, but since so many people are bearish and tend to under-estimate BTC, I wouldn't be surprised if we'd see the blue route with a slightly higher probability.
But that is just a guess. One thing is clear however, BTC is gearing up for the next rally, at it's only a matter of time until we see new ATHs.
Huge BTC Rally poised for Valentines Day if inverse H&S confirmsAll of our major trend lines are converging. And the point at which the two most dominant uptrend and downtrend lines intersect with one another ( the uptrend line from $1250 from June 2017 and the Downtrend line starting from 20K from January 2017) — the point at which they intersect also happens to be exactly where this current inverse head and shoulders would confirm its breakout from the shoulder line.
Also! In the event of that confirmation, we would expect to see the 50 Moving Average and 200 Moving Average on the Daily Chart to form a golden cross at this convergence point as well.
All together, this makes the confirmation of this current Inverse H&S a tremendously important event and will very likely be the start of a significant bull rally. I would expect this to occur in the next 2-3 weeks.
However, as a result of this, as the exact bottom of shoulder 1 isn’t exactly clear, we may test as low as 7800. Although, its possible we’ve already completed the bottom of the second shoulder. — Just be aware this is a possibility.
And in the event shit gets crazy and the inverse H&S ends up being invalidated, this will likely move sideways until it meets the wedge of the minor up and downtrend lines- and at that point be forced to make a move.
And its important to note that we are currently in a sort of neutral zone. Anything below 7425 would put bitcoin in control by the bears and anything above 9415 would put the bitcoin in control by the bulls
Update idea
BTC DIVERGENCE. DROP INC.Big Divergence forming between the price candles and the MACD, some relief is obviously to be expected after that huge rally, I have my first alert at 23% fib and my second lower alert at the 50% Fib mark. I assume those will be decent buy zones and ill be watching closely.
The Great BTC Rally map. Bear gets rekt beyond any repair!I have lost the description, and...
one who studied the theory doesn't require
the explanation!
So I'll be very short.
The accumulated above 6.5k in the last few weeks
massive group of initial waves(1-2-1-2-3, 1-2-3-1-2- or smth like that)
seems to be planning a MASSIVE invasion over the 9k+ region.
I mapped out (with all the cautiousness one ever may apply)
this initial group of vectors. The only reasonable and
working approach was mapping them as if at least a 3-4-5/I-II-III-IV-V
combination(+ 1 parent at least) is expected.
We are inevitably approaching the moment of synchronization of
all wave momentums on all timeframes. This situation will create
the so called "Perfect Strom".
You may think, that 14k-16k is a fairy tale?
Think again!
A closer look:
------------------
BTC is willing to withstand any bearish attacks.
I have remapped some of the "hard nuts",
and now we can observe THE CLEAR PICTURE.
--------------------
One more:
30m:
A closer look at the included impulses:
From above:
Now, the bears aren't even fighting anymore.
They are only playing defense nowadays.
The accumulated group of vectors can not
be interpreted within any sensible bearish scenario.
Before our eyes - the clearest picture we can get.
BTC is going to surge. And this surging will kill
many warm fur animals!
I won't go into details much.
There's literature available all around ;)
There's will be no prices below 7k anymore.
Understand>?
Ever! Maybe only prior to the bitcoin death.
So safe to sell a house and buy btc with the cash.
But I ill not, like, EVER, advise you to do so)
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IMPORTANT (MAGICAL NUMBERS):
Consider three dead-important levels:
8467 - if we break it - RALLY is ON! Never sell again =)
7676 - if we below this one -
a full chart remapping is needed.
But the Rally is still possible, just a week-long flat occurs first.
6767 - below this one - RALLY is REKT for good. Short this Ponzi.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Trade safe, bb. Peace, to all, fellow traders !
The General finally have some time to take a little nap...
Take Profits. Jan 2nd week. BTCUSD.This is more art right now than real science.
But I've got a very good feeling about these fractal
relations in somewhat golden proportions.
They tend to work most of the times.
TP levels see on the above chart.
Enter on a logical level, move to 8,800 -> 9,000 possibleToday bar is likely to end up as a pin bar. It is to be expected, bitcoin was in a contraction phase and November crash created strong Ichimoku cloud upfront. On top of all that, sudden upward movement happened to leave 3rd deviation Bollinger Bands, which is statistically more frequent on cryptocurrencies but still increases pullback probability by a great margin.
I recommend avoiding trading against the trend. My personal setup is to enter on a logical level based on Volume Profile. Reaching a low volume area, however, is not a signal by itself. Price action signal should appear on the level. Another pinbar would be most comfortable to trade, but something like outside bar appears, I will take it too. I'll update the analysis when we reach the level.
I will be rating all my analysis this year. This setup will be considered successful if we reach the lower rectangle and open a successful long position based on price action with a minimum of 2:1 ratio
Good luck
BITCOIN BUY LEVELSSup cryptomaniacs
Unfortunately my idea got banned due to some house rules which i wasn't aware of...
But here is the repost
The price has bounced off beautifully of that buy level, I am very interested in the current price action.
As always keep the risk managed!
Cheers
7825 - the last chance for a buy-in.I guess 56 hours of non-stop analysis payed off
in a form of followed 56 hours of pleasant observation,
of how the forecast predicts
with 95% precision all the price movements)))
Now this is the time for the bulls to get into play.
Probably on Monday, or even in the following 4-5 hours
we will observe a huge price.
A lot of confirmations kicked in,
time to buy, baby.
The last chance)
See al the divergences.
The bears have lost their power for good!
7825 - the last chance for a buy-in
(expecting a small dip(1-2correction),
but may just be rocketing right now, right to the moon!)
Always yours, orb.
The Complete Battleplan. FRONT NEWS!Finally the rally price action proved previous forecasts to be true(ish).
The question everyone is asking - when does the rally end?
I've carefully mapped out all four basic bullish scenarios I can see in this market.
We're about to see at least one deep correction model that will retrace 15-40%
of the typical 12345 impulse, if it is finished(if so, then bulls will rest for a day or two,'
observe the battlefield, confirm the price stability).
I suggest 4 basic scenarios, all bullish. So DON'T panic,
one deep correction may easily form allowing the bulls to quickly replenish
lost soldiers and bring even more fresh whale buy-ins to our party!
I've tried to consider all major res/supp levels and the common time lengths
that suggested correction models commonly feature for BTCUSD(to the best
of my analogish brain judgement).
Chart tells you everything you need to know:
two most probable scenarios are all mapped-out with the consideration
of known levels.
I also suspect that the FOMO is great right now and the current impulse has
a lot of driving force left to continue surging up to 8.8k+ without and deep retraces.
I vote for THE MOST PROBABLE SCENARIO I. (subgroup II. is as probable as I.)
Do you?
The bigger picture can be observed in the related ideas... below...
They are all parts of the same market analysis.
If a bear should ask.A lot of news coming in, and we have seen some volume ,
but neither we were dropped nor rocketed.
Now the bulls are protecting 7400 pivot - just like on the 5th of Dec 2019.
While the market repeats itself(see the chart since 27 Nov 2019),
traders are making bets if it will drop again just like on Dec 9 2019.
I'm still bullish with the buy positions in, but just placed a few short orders
in order to be safe from loosing all the deposit.
If it pumps up to 7700- we are gonna see the sky - rocket to 8100-8600.
Otherwise - I feel the bears will bring some big guns into play
and we will see BTC retesting bottom with inverse head and shoulders
formation and the second shoulder somewhere in between 6800-6900.
Time will tell...
Bullish confirmation came in.Remember what happened earlier...
1. We have been continuously defending 7200 pivot,
and all the shorters in the world couldn't bring us down to 7100!
2. All previous bearish moves, all consisted out of typical correction forms
which proves that bears finally lost their power.
Bitcoin is now considered cheap if it is sold at 7200.
3. We have been experiencing a prolonged flat around pivot 7300.
This flat accumulated a lot of orders, both sell and buy.
Nevertheless we rocketed up to 7550 and even then! We didn't fall
(as we certainly would if the bears were strong).
4. Now we can observe a little slide back down to 7350,
defending the 7400 pivot. If this flat will continuously bounce around
7400 pivot(7387-7425 levels), then It becomes clear,
that big players are no longer shortening!
A few hours 'till the asians wake up at 00:00 UTC and we will definitely
see a lot of volume kicking in.
There may be a pump up to 7600-8100 or a bottom retesting at 6900.
In any case here it comes!
The Bigger picture.10 days long Fractal 12345XYZ is logically complete,
and the last few days Fractal 12345xyzyx is logically complete too.
Now we either fall very deep,
or rocket right up.
The perfect stormBulls, I'm crying!
It is TRIPLE IMPULSE already formed,
three impulses supporting each other,
and it's only the first wave of the beginning of the end.
Sky rocket is fueled, welcome aboard!
The bulls began bouncing... the bears at 7200.7200 is anchored(strong-strong resistance below), now looking for a 7300-7400 confirmation...
All timeframes are screaming BUY signals but the 4H-1D(expecting them in a day or to).
Just one or two more (1-2%) corrections and the bulls will be set free for the corRrRrRida!
Something big is coming...
ETH reversal very unlikely, still bearishThere's an across-the-board bounce for cryptos several days ago, spearheaded by Bitcoin which pushed the price above symbolic $7,000 once again.
Overall in the big picture, we still believe this 10% rally doesn't reverse the bearish trend. With respect to ETH, it's obvious the rally doesn't surpass 4h resistance line and price is still concealed in the downtrend channel. Moreover, the rally of ETH doesn't even come close to the daily resistance line which is about 135 as of now.
After the rally, the price action, like many times before, slowly drifted down, a short-lived bounce again.
As such, we think ETH most likely play a weak consolidation between 120-125 price zone in the coming week. Afterwards, the downtrend would resume.
Last week post about ETH:
GBP/USD: The British Pound Rallies After the UK Election.After the UK election results, the GBP/USD has a nice rally which creates new fresh demand,
This demand is a great level for a continuation buy position.
I'll buy this demand and the final target will be the supply above on the Weekly chart.
TROYBTC is reaching a key level97 ~ 99 shouldn't be broken, or we gonna visit 84
Target 216 sats
Stop 94, as shown on that chart
Alternative stop :- If it closed 2x 1H candles below 99 without a reversal candle separating those 2 candles, close the trade.
BTCUSD: BULL RALLY HIGH CHANCESWhat's up guyz and gerlz?
I do see considerable arguments to suppose BTCUSD and Crypto are entering a new bull rally phase.
Price neglects big sales which have been spotted here
and here
Such price behavior demonstrates high level persistence from buyers.
On a larger scale price is clearly developing via triangle, and now approached significant resistance, which is HTF trend line, which started from 13K and served as resistance at one time and support at another.
Shall price retrace to 7300 zone I will be looking to load longs or I will be looking for something solid on lower TF, intra day scale entry.
I think we may expect a good impulsive move up shall this triangle work out the right way. But price may also choose to climb up slowly as there are quite a few resistance levels on it's way up.
Take care
Bitcoin is ready for a +50% pumpWelcome!
I´ll keep this short but sweet, if you want full explanation on why I think we are ready for a big rally visit my Twitter, where I shit post a couple of times per day.
twitter.com
With that being said, key points:
1. underlying market dynamics
- sentiment is universally bearish, everyone and their pet goldfish wants to short this thing, what does the market do? Well, usually it wipes them out of course
- bitmex funding is negative, shorts are paying to hold their positions while PA is going sideways to up - from an economic standpoint this is irrational and will sooner or later result in shorts covering their positions
2. price action
- we are moving inside a descending channel, which is a bullish structure that typically breaks to the upside
- daily stochs are about to cross up and, more importantly, likely break the trendline
- my moving averages are in a bullish posturing
- there is plenty of reasons on why I think this is going up but, like I said, if you want more just visit my Twitter, I only do the basics here since I´m a lazy bum
Price targets?
- I feel very strongly that we will test at least the 200MA (55% probability)
- a measured move of the descending triangle puts us at 11.3k-ish region (30% probability)
- the third target is actually mind-blowing and while TA shows a way to reach it I give it a very low probability and won´t mention it just yet
Do remember though, overall we are in a downtrend and every pump is by default a "sell the rally" until proven otherwise.
Take care.
