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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. ---------------------------------------- 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)...
BITFINEX:BTCUSD
by Atemak
4
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.
BNC:BLX
by SebastianofMoon
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) : -------------------------------- 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) : -------------------------------- 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) : -------------------------------- 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. ----------------------------------------- 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 ----------------------------------------- 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.
BITFINEX:BTCUSDShort
by Atemak
2
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.
BITFINEX:BTCUSD
by Atemak
2
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 :-)
BITFINEX:BTCUSD
by Atemak
1
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).
Long
by FXLeaders
DIVERGENCE in GOLD - Long Opportunity Fundamentals - GOLD and JPY are both assets used as safe heavens and therefore are strongly correlated. Lately, there has been a strong divergence when gold dipped. This could indicate that gold is underpriced. In addition, the shadow of a trade war and Trump's comments are worrying investors who are looking at tensions combined with a really high financial market. They could increase their demand for GOLD and push prices up. Finally, institutions shorted massively GOLD to profit from its recent big drop; when they cover their short, prices will shoot up. Technicals - MACD is about to bounce & price is about to cross the 180EMA, indicating a potential uptrend. Prices are currently consolidating around 1200-1205 (Remember the usual GOLD cycle: Drop - Consolidation - Recovery). My first target is 1225 on a swing trade.
TVC:GOLDLong
by Tutur
Fibonacci Long For The EUR/USDThe daily chart for the EUR/USD pretty much sums up today’s action. A big red candle is forming and downside support is coming into play. To capitalize upon the sell-off, a long position from just above the daily 62% current wave retracement is a viable entry. Here is the trade: 1)Entry: Buy 1.1611 2)Stop Loss: 1.1572 3)Profit Target: 1.1636 4)Risk vs Reward: Sub 1/1 Convergence of technical indicators is always a good thing. While the 62% retracement (1.1608) stands alone, the proximity to the round number of 1.1600 gives credence to its potential effectiveness. This trade will remain valid until Friday's close.
Long
by FXLeaders
Fibonacci Long For October WTI Crude Oil FuturesWith the API and EIA inventories reports rapidly approaching, it looks like energy bulls are happy on the sidelines. In the event that we see a further pullback in October WTI futures, then a long from daily Fibonacci support will come into play. The trade: 1)Entry: Buy $67.26 2)Stop Loss: $66.99 3) Profit Target: $67.53 4) Risk Vs Return: 1/1 It is anyone’s guess what the inventories reports will bring. However, if given the opportunity, a short-term position from the $67.25 handle is good trade location to the long.
NYMEX:CLV2018Long
by FXLeaders
Ultra solid support for BTC is the weekly MA200A quick chart illustrating that even in the bearmarket of 2014/15, the MA200 weekly support was holding. It therefore seems, that this support acts as ultra strong lonterm support, so imagining how this support will develop, could give hints about the future price development of BTC. If BTC is to repeat a bearmarket 2014/15 style, it is very likely that price will touch the MA200 support again. This will lead to a drop into the 3k price area. Plusminus of course, could be as low as 2500, or only 3500. But the ultra strong support area is somewhere in that range. After mid 2019, I see prices rising again at the latest, and picking up speed through 2020, which will lead to the next rally, with a top in the 100-200k area. A lot depends on future ETF decisions now, so we just have to wait and see. But even without any ETF approval, chances for the rally in 2020-2022 are very high due to the halving.
BNC:BLX
by SebastianofMoon
5
EURUSD Breaking Bad - Look to Short the next counter-rally EURUSD EUR broke important support at the 1.15088 line on Friday and then collapsed in a near straight line towards the next line of support at 1.13679, after making a low 19 pips above here so far. All these lines on DXY and Gold and here too are weeks old and none of these charts have had to be updated or amended....showing how slooooow most markets are compared to Bitcoin, which needs updating every day and somettimes more. There's a lot to be said for the quiet life. Bitcoin is Formula 1 full-on - or used to be : ( Everything else is so sloooow in comparison. Still believe that Bitcoin provides the best training ground for trading across multiple markets - but they require way more patience usually, that's all. The break on Friday looks like the prelude to bigger a break-down which should take EUR back down to 1.0855 and potentially as far back as 1.0490 through the Autumn/Fall period. In the very near term the nearest support potential lies at 1.1367 and extends down to 1.1316 which should create a counter rally back to the 1.148-1.1508 range at best before it falls away again - it may be quite dramatic when it does. Look to short the counter-rally with stops just above the 1.1532 level by a few pips. Can use the DXY chart as confirmation. TP 1 1.1118 TP2 1.0855 TP3 1.0490 For fastest updates in real-time please see Global Markets link at top left of main page.
Short
by sumastardon
3
ETC – repeated history of LTC? 400% in 6 weeks?Hi Guys! As Bitcoin price drops down there are many alts that actually grow. One of them is Ethereum Classic. We all now Coinbase is going to support ETC starting from 7th of August 2018. After around two weeks when enough liquidation will be obtain they start active trading. Will we repeat the success of LTC from last year when Coinbase started supporting trading of LTC? We think yes! Anyway we are after correction on ETC. We had a descent bounce off from 0.0019 level. We already crossed EMA100 on daily chart as well as TenkanSen from Ichimoku Cloud. So this trade should be safe so far according to mentioned indicators and current place on the chart. We also observe MACD bull’s cross and evaporating supply on Weis Volume indicator. The only thing we need is more volume. Once we will be bombarded by good news related to Coinbase and ETC, the rally should start. Look at the ETC and LTC comparison. The both were really low before the rally. Once EMA100 on daily chart was crossed, supported by the good information the substantial growth was observed. What do you think guys? Are you fully loaded? Are you counting for such scenario as with LTC in 2017? Once again thank you for being here. Thank you for all likes, comments. You are really great community. HUGE Hugs! WBM Team
Long
by WBM_Team
8
BTC is pumping !!! MOON !!!! LAMBO !!!! ....or is it?Well, as soon as BTC starts showing some strength again, I start seeing the funniest pictures on tradingview. People calling 100k this year. That is some real shilling right there. Yeah, let's make the newbies think that the ETF is a magical 100k+ machine, the ETF will just buy up ALL THE COINS, drive up the market volume magically x10-20, bring millions of new people into crypto withint the next few weeks, magically buy up the 1800 coins that are minded per day, and then buy even more coins, hehe. You see where I am going with this. Yes, if the ETF gets approved, it will be an awesome achievement for BTC, and very good in the long run, meaning from 2019 onwards. But the ETF needs some time to kick in. It WILL kick in, but not instantly, that is not how this works. For the next bullrun we need REAL volume, REAL people, REAL hype. The ETF cannot do this alone. By the way, I called such a corrective structure already months ago: Therefore I am not too surprised. I sit back and ejoy the show :) Short term I am bullish (1-2 weeks), mid-term bearish (5-8 months), longterm (1+ years) always bullish :)
BITFINEX:BTCUSDLong
by SebastianofMoon