Houston, we have a pb?Based on my Analysis: How impressive the bears are for embarking a lot of people in their coup. My last resistance barrier is at 3838 USD. But I see already a resistance above that.
The bears are so strong, The price has already breached it a bit but it didn't fully rushed through yet .
The price is about to slow down. We have a good pattern seen in the S4W/MirrorStop indicator. Normally lines should always cross each other. But as we can see, the red rebounded and it didn't cross yet. That's a good scenario telling the price is about to go up. And if a second rebound happens, before crossing, we will enter into a reverse scenario that made the price falls from 6400 USD to here (price will significantly go up). At least there is a climb to occur, but bears are still in charge , for now.
The up move will occur only after the the S4W/MirrorStop line will cross again. So we are still far from it to occur. That still give a change for a new rebound before crossing. That would be really nice.
I think the price will slow down anyway very soon. I'm not afraid of the current fall. I would say there is 70% chance, that horizontal line I've draw near the price will be a resistance level. We have a mark about this in the S4W/Normalizer. If horizontal line is cross, the price will really slow down its fall.if the value goes up it's interesting though. At least, it will flatten, at best, it will make the price rising up
Remember all the horizontal lines I've drawn on my last ideas. They are still here and play important role of support/resistance...
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you very much.
Rally
Bitcoin Log august 2015 Trendline ideaIf we hold the trendline set from august 2015 we might see the big rally before march 2019.
Reasoning:
- Trendline touched multiple times
- Always by a hard fall
- 2 - 12 weeks sideways/slight gain
- Liftoff to ATH
Confirmed failed:
(realist): weekly close under trendline
(permabull): full weekly candle under trendline
Don't PanicBased on my analysis:
In my previous post I was saying the price was about to go down again. That was the case, and really abruptly.
I would like you to remember all the horizontal lines I've drawn on the graph here. These are keypoints to the Bitcoin moves.
The price is doomed to fall down 5000, but people will fight against that. The price can go down until 3838 USD in the worst scenario, and even less, but I've stop checking below (too much fear, seeing below).
What I see : there will surely be a battle field between 4750 -> 5365. But immediately, the price should soon decelerate its rally down. but it will continue again, soon after. It'll be a Bears' pause.
In the S4 Mirror indicator, we clearly see the bulls lost the game. This can really be seen on a one-hour graph : greens floated 3 times in a row (=not cycling)), then things came back to normal, and immediately after that, a huge drop occurred. That's a move I've talked about in one of my previous ideas. On a 4-hour graph it's less perceptible. I wasn't much online to report this in time.
But there is a hope.
First hope (but small), the value in S4W/Normalizer is about to cross under 2 lines, these lines are kind of "brake strings" for the fall. it's soon to come. So the drop will pause a bit. Surely in the coming hours or day. That's due to the psychological 5K barrier. That barrier will be breached down anyhow. But it's not the end.
Second hope, which is a bit far, is the fact that we are still seeing a "calling candle" at 7788. So it's not the death of bitcoin. It's an "archer's effect" that is happening for me, but it's a really critical one, since there is a lot of panic already. And that panic is tending the "archer's string" to hard, will it break due to all that tension, let's hope not. If it doesn't break, we will see an explosive up move to 7788 and above, and that will make a real rally up for Bitcoin, since people will have faith in an uptrend.
There is still too much indecisions though. More analysis needs to be performed.
So for now, I see the price should battle between 4750 and 5365 a bit, with some still uncertainties. Who will win that battle on the field? It's too early to say.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
BITCOIN: weekly OVERVIEW - Next station at 4.663? *19.11.18*Hey tradomaniacs,
welcome to a weekly overview of Bit-Coin!
I know, everyone is nervous but also scared to miss the chance before we go up to the moon.
But it seems like we could still see some bullish momentums down to 4.663 - 4.000 before
we might continue the primary uptrend in Januar 2019!
Why do I think so?
Because big financial institutions won`t stack big positions at this price.
As always, the market will dump the retail-cryptoheads and cause panic sell-offs before they buy-in
in order to get a BTC as cheap as possible.
If you think BTC could be aa very nice alternative for the falling stock-market, you should
rather wait since the signs for a years-end-rally at the Wallstreet are positiv.
However, we will see what is going to happen.
The market is currently still bearish! Don`t buy just because you "guess" and FOMO.
Chill and wait for clear signals upwards. :-)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Any questions? PM me. :-)
S&P500: Weekly overview! That Sell-Off was nothing! *19.11.18*Hey tradomaniacs,
quick another overview of SPX500!
it seems like we could turn upwards again and retest the recent ATH.
Check my recent analysis in addition to this one.
We were talking about Sell-Offs, CRASH-scnearios, recessions and soooo on.
However, this sell-off was and is still a joke and I expect a Years-End-Rally coming.
We will see. :-)
Peace and good trades
Irasor
DAX: Weekly overview! WIll we restest the 12.000? ***19.11.18***Hey tradomaniacs,
since we`ve created the Diamond-Pattern after the high in Mai @ 13.206, we`ve seen a huge Sell-Off down to 11.040,5 this october!
It was as crazy and volatile as expected! But what now?
There were many different fundamental aspects causing this nervous market.
Italy`s budget and it`s bond yields
Failing Brexit
Weak wallstreet which is concerned about the tradewar
Strong US-Dollar
Supply-deficits in the tech-sector (apple) which totally destroyed the Dow&Jones and SPX500,
Saudi-Arabia and so on.
However, we know the market is irrational and won`t give up that quick. The scent of profit is too strong and the market might see good chances to buy during the Years-End causing a rally.
Will we retest 12.000?
The Chart is currently still bearish. But break through the imortant 12.000 could be like a heart-warming hot chocolate during cold winter days giving the market hope to see a rally up to a new ATH.
I expect at least a retest of it. :-)
Peace and good trades
Irasor
Is the current rally similar to the 1994~2000 price rally?Is the current market rally similar in structure and scope to the 1994~2000 market price rally? I'm beginning to wonder if the current US equity market may be more aligned with the 1994~2000 technology run in the US equity markets vs. what many analysts are predicting (doom and gloom). All it takes for one to consider the alternative of a massive price advance is to consider the Obama and global central banks dumped $20+ trillion into the global economy and we have yet to really see any massive advancement of any real asset other than Real Estate (which the US fed is mitigating with rate hikes). Innovation and growth could last another 6+ years from early 2017 if my analysis is correct.
What changed in 2017? President Trump. Why is this so important? President Trump was able to unleash the US economy by removing regulations and jump-starting US growth and manufacturing at rates nearly 2x to 3x that of the Obama administration. Yes, Real Estate rallied under Obama, but that was about it. Now, the US economy appears to be firing on all cylinders and I'm expecting continued growth unless some crisis event blows a hole in the expectations of the markets.
Bitcoin Price slowly risingI'm beginning to think the game is rigged.
As of this writing , the price of Bitcoin has rebounded somewhat from it's low below 5400. There has been a great deal of talk lately about the integration of Institutions , Banks , and Investment firms. Perhaps this is the entry point they wanted , and everything goes up from here , with bitcoin becoming as digital gold and fulfilling Mike Novogratz absurd prediction for q4 2018 , or perhaps Bitcoin will visit former bitcoin cash territory, leaving us to hope that digital currency really is the future , and that Bitcoin isn't going to fade away.
With the asian session soon to begin , I think we can all agree that it will be a long night after a very long , disappointing day. I very much hope that this evenings session doesn't tear everything apart. (More)
Caveat emptor
(ouch)
Is ETP a little EOS?In the sleeping market, everything is not so bad ... On the charts, there is a probable scenario of the price movement in the pair ETP / USD by analogy with the EOS / USD pair.
After a long decline and consolidation, we saw a good proactive volume, which can be the beginning of a big growth.
Graphically, the bases of the figures coincide.
If history repeats itself, then the main goal of ETP / USD is in the region of $ 20, which is about 1400% of the current level * with investment horizon of 2-5 months.
You can make purchases around 1-1.2 $, taking into account the risk of possible correction by 20-30% to the area of 0.8$
* With the current capitalization of $ 45 million, achieving the main goal will increase the asset's capitalization to 1.35 billion and bring ETP Metaverse to the top 20 markets.
Good luck & have fun!
A volcanic "Price" eruptionEruption means here going high fast then plunging down. That's what I think has started to occur. Another eruption may occur also at any time (the second quake), but that is still really hypothetical so let the "price" "lava" falls down fist. (blablabla)
This is a very special analysis this time for 2 reasons. I'm doing my analysis on a 1-HOUR chart and
I'll make the analysis based on 2 new indicators I've created:
S4W Normalizer, and the S4W Velocity indicator.
Based on my analysis:
The sudden "pump" on price reaching 7800 USD has formed a wall. This is an opportunity for the S4W Normalizer indicator to bing a SHORT trading window, and to detect where the trade should stop.
There is 2 candidates for the stop, which are 2 revert-peaks I've framed in the S4W/Normalizer indicator. I think the price may go down to reach one of those 2 Stop candidates. The first one is more sure to be reached, the second one is more risky to be reached. but it may possibly goes below that level.
The S4W Velocity indicator has detected an upper peak that is a signal for a SHORT trade starting. I've drawn a vertical line to see where I would have place the real trade. I'm late in fact, so the trade started during that idea creation.
Conclusion: Bitcoin is still about to go down again, due to that wall that needs to be "stabilized".
I'm saying this to myself : "To say it short : short it now!!!"
So the current scenario for me is to stabilize that wall. How can a wall stands up without a real foundation. That's why I think the price should go down a bit, right now.
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PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
PS3: The S4W/Normalizer indicator is a corrected price graph that enhance peaks positions. Compare that indicator with the price, you will see it follows the price but the HH,HL,LL,LH are placed on different levels that can be exploited. Drawing or seeking elliot waves, waves can be used surelt (I'm not a wave surfer)...
BTC on monthly timeframe shows still no sign of trend reversalA quick update for the BTC monthly view.
It is interesting to note that neither MACD, nor Stoch RSI are showing signs of potential trend reversal.
Only the middle bband could signalize that we are resting on support. Currently we are exactly on the monthly bband, if we can hold that level, we might see a trend reversal.
If however, we break the middle bband, we'll go quite lower, towards 3k in a few months.
Let's see what will happen, there are so many contradicting charts right now, we'll have to wait and see which direction BTC will take. But whichever direction that will be, will determine the longterm trend. So, if we go below the middle bband in the next 2 months -> 3k in 2019 low. If we stay at middle bband and start rising -> no new low, new ATHs maybe mid-end 2019.
The dark knight risesDark knight rises
Based on my analysis: I think the bull up move is now compromised. In my previous idea, I've drawn a tight range (channel) where the price was orbiting. It is a ceiling in fact, a real resistance zone.
I think there is 15-25% chance that the price will keep on going up strongly. It's really pessimistic in my opinion. Let me tell you why.
Point 1: (BULLS score +1) :
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In the S4W Mirror indicator, the last green hill is still above the current running red hill. but how long will it last? Not that long I think.
Point 2: (BEARS score +1) :
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a) There seems to be a large head and shoulders pattern that is forming. I've put some circle on graph to show it. that is really early to tell for sure though, but it'll be a flat pattern if it would occur.
b) In my previous idea, I was describing a local forming head and shoulders pattern. This one seems to still be forming. But price must move up to 6550 then drop again. In that case, we will face a price drop to 6K or even less.
Point 3: (BEARS score +1) :
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Look at the box I've drawn in the S4W Horizon indicator:
a) The orange line finally moved above horizon (above zero)
b) Yellow line crosses under the purple one, and the purple one is thick and descending regularly.
c) point 3/a and point 3/b are occurring nearly at the same time, which has potency for a price reversal.
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Guys take this has a PRE-Analysis. I just wanted to show you the market temperature to my opinion. The dark knight of bear rises!
Price will go up a bit first, it's the key-point to the forming patterns. but if the S4W Horizon indicator has more weight than I thought, the price should drop down fast, even before reaching the last shoulder level (6550). Time will tell
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PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
Bull's cycle over, but...Based on my analysis: The up move has now finished a cycle. But it's not yet finished for them. Because they are still strong. I'm seeing 2 possible scenarios for the next 2 days.
As you can see I've removed most of my violet lines , from my previous idea. since they are useless now. That's why I say there is 2 possible scenarios
By seeing the S4W/Mirror indicator, the green line is still strong. My guess is that another move up is about to occur again, after a short down move. let's say in 24 hours from now (in 6-8 ticks). The price may reach 6550.
If I'm not wrong, 6550 USD will be a key-point for both scenarios. If price goes up immediately after reaching that level, the Bulls will still go up. But all depends on their strength (this can be seen from the S4W horizon indicator (the green line)).
If price plunge fast below 6550 then comes back up to 6550, we will be in a possible head and shoulder scenario. Which will go down to 6100 then even lower.
But I think for now, the most probable scenario is the up move.
About cycles, the S4W/MirrorSTop indicator, shows the bulls finished an up move cycle. But another one can still occur, but at least in 24H, if that indicator still progress as it progresses now
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
Uncertainties on BullsBased on my analysis :
Since September 14th we've entered a channel, and exiting it will mark the real direction the market will go.
I'm seeing the bulls power is "sanding" a bit. What is sure, for me, there is too many uncertainties right now to take action. The UP move is a bit compromised as it is now.
Also, I've seen 2 of my support levels (violet lines) are matching FIBO levels 0.786 and FIBO 1.0. So I think now those 2 supports levels are keys, but I don't want to dream a nightmare. Let's wait to exit the channel first to see if price will lead to FIBO 0.786 then 1.0, or will still going up.
The S4W compression is still not expanding yet. it slowly refrains its compression but no expansion yet. it's going flat, which means there is an expansion to occur soon. An expansion means a price going up.
I see in S4W/Mirror indicator that the BULLS have lost a battle, as shown in the box I've drawn. Is it the end of war? Not really, because the SW4 Horizon indicator tells the road is still not blocked for an uptrend yet.
My conclusion is : We are in a middle of a channel, and that brings uncertainties for now. I would not start a trade right now. We need to exit that channel first. Let's wait 24 hours , from now, to see if the BEARS have won or not. I'll check this by seeing if the bulls' line (green line) in S4/Mirror will move over the last red hill or not. If that's the case, we will be still on the road to "UpVille".
I also need to check if the S4W/Horizon is still in bulls favor (= green line still descending). Finally, the 2 FIBO levels are matching too perfectly my 2 support levels. That's shows a possible bearish move to move going below 6K. :-( Let's exit this channel first, to know
PS: An expansion is when the S4W/Compression indicator forms a green line and going up
PS2: don't take my words for granted. Do your analysis, re-analyze, then trade.
PS3: Don't hesitate to LIKE this idea, and follow me to get my latest ideas.
PS4: <- Play it at home or buy an XBOX :-)
Fibonacci Long For The USD/CADAs long as the current swing high (1.3226) remains the high-water mark of the current wave on the daily chart, then a buying opportunity may set up for later this week.
Until Friday’s close, or until the current swing high is taken out, buy orders from just above the 38% retracement from 1.3097 are solid entry to the bull. Using a standard 1:1 risk vs reward and an initial stop loss at 1.3049, this trade produces 48 pips on a return to the current value area (1.3150).