WABI - Free Trade SignalWABI/BTC
Strategy: Cup & Handle forming on the weekly chart. Volatility reaching historical support which is in line with a C&H pattern and further indicates continuation. ADX showing a strong uptrend with squeezing DI's. Stop loss set to next line of support. This trade could take up to 1 month.
Buy Around - 4534 - 4821
T1 - 5787 (24%)
T2 - 6884 (47%)
T3 - 8236 (77%)
Stop-Loss - 4159 (10%)
Risk / Reward
T1 - 1 / 2.1
T2 - 1 / 4.2
T3 - 1 / 6.9
P/L Opportunity
Upside: 24 - 77%
Downside: 10%
Relative Volatility Index (RVI)
Daily Market Analysis - BTCThe market exploded last night up to $192.01B. Dominance quickly followed and is up to 58.97%. The price of Bitcoin is at ~6400.
The price broke to the topside of the rising wedge confirming a continuation pattern. The next key levels of support are 6300, 6100, and of course 6000.
The RVI indicates high levels of volatility, but it also tells us that price action has elevated levels of momentum.
This is further confirmed by the ADX, which is sitting at 43, and that tells us the strength of the trend has legs to it.
Increasing momentum, volume, and volatility can lead to dramatic price swings.
At this point. There are market participants who are beginning to feel FOMO and hype buying into the price. These indiviuals wish they had been buying at 3.5-5.5k.
This is further driven by the fact that institutions such as Fidelity announcing their plans to roll out Bitcoin trading in the coming weeks.
In addition, the exchange, Bakkt, which is run by the NYSE owner, Jeffrey Sprecher, and partnered with Microsoft and Starbucks, has been working to launch their platform before the end of 2019.
These variables could lead the price to bubble up between 6700 - 8000, the next two point of major resistance.
Although I do not like predicting large movements, in the cryptocurrency market, there have been many times the price of Bitcoin has moved $2,000 in less than an hour of time. So, it's not impossible.
As always, trade safe!
Daily Market Analysis - BTCThe market is doing fantastic today, it is up to $188B, which is 10B in less than 24 hours. Dominance has chased the increased volume and is up to 55.72%. The price of Bitcoin is above 5750.
The three white soldiers pattern continued with strong volume carrying price momentum, the price broke through the top of the channel as well as 0.786 resistance.
Currently, the price is precariously sitting between two key points of resistance. In a bullish scenario, we form support above 0.786 level at 5650. The swift increase in volume indicates increased volatility, which could lead the price to test 6000.
On the other hand, if we cannot form support at 5600 and volume begins diminishing rapidly, our next critical support is now 5400.
Overall, the case seems much more bullish than bearish. Smaller time frames are indicating continued bullish action. We should see a test of 6k within the next few days, possible as soon as the next 24 hours.
Daily Market Analysis - BTCMore cash creeped into the market overnight and it is up to $178.64B. Dominance has followed suit and is up to 55.24%. The price of Bitcoin is at 5350.
The Tenkan San (blue line) has cemented itself as further support. Price began testing resistance again at 5400. Although the price did not break topside resistance, the current candle pattern is forming a three white soldiers continuation pattern, which indicates the momentum should carry the price above 5400 to eventually re-test the 0.786 fibonacci level.
The chart pattern suggest an ascending channel or bullish megaphone pattern, which further indicates the price should continue to rise. However, if support is unable to hold, the price could break down to 5100-5200, which is less likely considering the overall market conditions.
INTC - Free Trade SignalINTC
Strategy: Oversold after earnings. Kumo indicates continuing uptrend with strong support. RVI indicating increasing momentum.
Buy Around - 50.61 - 51.30
T1 - 52.58 (3%)
T2 - 54.32 (6.5%)
T3 - 55.87 (9.5%)
Stop-Loss - 49.32 (3.3%)
Risk / Reward
T1 - 1 / 1
T2 - 1 / 2
T3 - 1 / 3
P/L Opportunity
Upside: 3 - 9.5%
Downside 3.3%
BTC - Daily Market AnalysisOver the weekend, the market cap shrank and is down to $169.02%. Dominance rose over the weekend and is up to 55.41%. The price of Bitcoin is at the 5100 price point.
The charts show there was very relatively very little price action over the weekend. The RVI shows volatility has begun to drop in relation to price, but it still rests at a point of high volatility. The 5000 psychological support level illustrated by the sky blue line has been able to hold up so far. Continued support of this level should allow the price to form a bottom.
With the current price action ranging between the psychological 5k mark, and the 0.618 Fibonacci level, we can expect that if the price breaks to the downside, we will re-test 4900.
However, if the support holds and we can watch for a break to the upside of the 0.618 resistance, which would signal a run back up to 5500.
Daily Market Analysis - BTCThe market quickly descended and is down $170B. Dominance has remained nearly the same at 55.08%. The price of Bitcoin is just above 5100.
The price drop coincides with the bottomed-out portion of the Kumo, which still suggests a future uptrend with strong support. The bull flag could be forming an ascending channel.
The price needs to hold above the 5000 or 0.618 fib level over the weekend. Otherwise, we could see the price re-test support at 4700-4800. Yesterdays candle shows there is still buying pressure waiting below the 5k price, and if a downside break occurs, we need to see that buying enthusiasm continue.
WPR - Free Trade SignalWPR/BTC
Strategy: Oversold alts. Lowering volatility. Risky trade due to market conditions. Manage closely.
Buy Around - 305 - 315
T1 -328 (6%)
T2 - 343 (11%)
T3 - 358 (15.5%)
Stop-Loss - 292 (6%)
Risk / Reward
T1 - 1 / 1
T2 - 1 / 1.8
T3 - 1 / 2.5
P/L Opportunity
Upside: 6% - 15.5%
Downside 6%
THETA - Free Trade SignalTHETA/BTC
Strategy: Falling Wedge. Oversold StochasticRSI and MACD. RVI looking to break resistance.
Buy Around - 2581 - 2664
T1 -2984 (13%)
T2 - 3288 (25%)
T3 - 3601 (36%)
Stop-Loss - 2477 (6%)
Risk / Reward
T1 - 1 / 2
T2 - 1 / 4
T3 - 1 / 6
P/L Opportunity
Upside: 13% - 36%
Downside 6%
BTC - Price AnalysisAfter some turbulence the past few days, the price of Bitcoin has calmly settled on top the .5 fibonacci level.
Psychological support levels have been illustrated by the light blue lines under the price. If the Fibonacci level breaks down, these will act as our next lines of support.
The RVI displays a well-defined range of movement for the current volatility levels.
The ADX is signaling a very weak trend direction as well as little directional movement on the price.
Furthermore, the volume has been bearishly descending over the past 12 days.
Because the price has been moving within a well-defined range of volatility, and the current trend and price direction is low, I would expect any downside break would cause a retracement to the 0.618 levels.
The Kumo cloud indicates a large reduction in volatility upcoming. I would expect any short-term downward price action to be followed by a spike in volume resulting in a quick price bounce.
If that scenario occurs, I predict a surge up towards the 0.382 - .236 fibonacci levels. Meaning the price should extend towards 3697 - 3989 near the beginning of February.
Nvidia - Price AnalysisRecently the tech sector has taken a hit in U.S equities. That, in combination with the lackluster earnings reports by Nvidia during which time, their CEO said the company was "crypto hungover" and had suffered a bloated inventory that could take up to two quarters to re-balance.
These negative impacts are reflected on the current technical charts. A pair of tweezer tops formed near the 1.0 mark on the fibonnaci levels. Since then, a massive downtrend has occurred with the price barreling through it's levels of support at the 0.618, 0.5, and .382 Fibonacci levels.
However, a fibonacci drawn from the point of the reversal shows us a support point at 161.95~.
If this support holds, we could see another another bounce on the way down.
The RVI is forming a fractal triple bottom which resembles the patterns seen before the price snapped up from ~170 - 220. If the support line on the RVI holds, and the price rubber bands, we could see a rise 209.
On the other hand, if supports do not hold and the sell-offs continue, the next level of firm support rests at 145.
I would expect volatility during the market open. However, you can still play the stock with various strategies. Employing long-term call options on the stock at this time could be beneficial at these price levels. To mitigate downside risk, a short-term put could be opened to net profit from any movement to the downside in the short-term. This is not financial advice, that is just one of the strategies I would employ if I chose to enter this position at this time.
Enjoy! Have a great weekend!
BTC - Weekly Price AnalysisBitcoin price has been narrowing tighter and tighter over the past few weeks. Articles have reflected more bullish views about psychological bottoms, less market volatility, ETFs, and the upcoming Bakkt exchange.
Price has tested its current trendline 5 times and has been able to hold steady.
Stochastic forming possible double top formation
RVI indicates increasing upwards price momentum. However, this also implies more price volatility.
My poorly drawn yellow scribbles are meant to indicate price leaps during Kumo weak points, which has been true since the first spike in the pattern.
Kijun has positioned itself under the price, and the Chikou span may be about to make an upcross on the price which would also be indicative of a breakout.
I'm firm on a rough bottom of ~6374, and depending on news announcements and other crypto developments over the next week, I would forecast the high-end of price at 6723.
S&P - Weekly Price ForecastRight now the price is testing a potential trendline for the 2nd time.
Lower timeframes are oversold indicating a potential double top on the StochasticRSI.
However, if selling pressure continues, we could break the trendline and sink to a support level of roughly 2693 over the week. At that point, there is strong psychological resistance as well as support from the Kijun and Tenkan Sen on the way down.
Future narrowing of the Kumo shows a possible pullback, but the thinning of the cloud also indicates lesser volatility coming up.
I am more bearish on this set up due to the fact that price has moved in the converse direction of volume as illustrated by the light blue lines.
My weekly price forecast rests between 2693 -2882
LTC - Weekly Price Forecast$LTC - Weekly Price Forecast
Daily candle testing previous support trendline.
Volatility and momentum slowing.
Kijun Sen acting as support.
Tenkan Sen relatively flat presenting little to no resistance.
Stochastic RSI within an oversold region, but could see a bounce off previous support to form a double top.
If the trendline is unable to hold and volume does not pick up, we could fall through the .382 fibonnaci fan support into the .5 or .618 areas.
Weekly Price forecast
0.007973 - 0.008795 Trading Range
BTC - Weekly Price AnalysisAfter the massive bull candle we had on the 15th of October, the market has been relatively quiet and the global cap has been fluctuating between 208-211 billion for the past 12 days.
From a technical standpoint, Bitcoin is looking good at the moment.
A few key points:
- The trendline has been tested 4 times generally indicating a trend is well defined
- Chart patterns are forming a bull flag / falling wedge
- Psychological support (blue line) aligns with the .786 retracement support line at 6371
- The kumo has contracted to a degree that has not yet been witnessed this year. Until now. This indicates a large reduction in overall volatility and resistance. I would expect the price to test the weak point of the kumo illustrated by the green box.
- Stochastic RSI is nearing a historical bottom
- Relative Volatility Index has tested a support trendline of its own 4 times, and the topside resistance twice. To me, this volatility pattern is somewhat akin to a spring being coiled.
- The Kijun/Tenkan are both moving laterally which further confirms lacking volatility and acting as weaker resistance points
Due to the very well defined bottom we can see that's been tested, the large reduction of volatility indicates by the kumo, tenkan, kijun, RVI, in conjunction with the fibonacci levels, chart patterns, I am placing my weekly price targets between
6362 - 6837~
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ADX - Free Cyber SignalADX/BTC
Buy Around - 3650 - 3700
T1 - 3861 (5%)
T2 - 3968 (8%)
T3 - 4129 (12%)
Stop-Loss - 3550 (3%)
P/L Opportunity
Upside: 5 - 12%
Downside 3%
INS - Free Trade SignalINS/BTC
Buy - 684
T1 - 720 (5%)
T2 - 790 (15%)
T3 - 858 (25%)
Stop-Loss - 657 (4%)
P/L Opportunity
Upside: 5 - 25%
Downside 4%
ETH - Price Analysis Pt.2On a smaller time frame (4hr) we can see the price is forming a well defined bull flag which is in accordance with the cup and handle pattern forming on the daily chart.
In addition, you'll notice the steep decline in the Stochastic RSI was mirrored by sideways price action. This tells us that buying pressure is waiting to move in.
Lastly, the Ichimoku cloud has begun a bullish twist further indicating a potential upside reversal.
However, if the price breaks through the bottom of the flag, it would signal a strong reversal and a failed cup and handle pattern on the daily charts. Furthermore, if the price runs to the top of the flag, tests the upper trendline, and fails to breakthrough, it could be another warning sign.
These are just bearish variables to pay attention to as the market indecision continues to play out.
ETH - Price Analysis The price is forming a very shoddy cup and handle formation. If the price respects the patterns and moves in accordance with the handle, we could see a retracement to the .618 fib level before a potential reversal, and extension to the .382 Fib line at the ~260 price level.
At first glance, indicators look very overbought which could indicate the 224 price support will not hold.
However, on closer examination of smaller time frames, we can see strong bullish divergences taking place on the Stochastic RSI, and the MACD on some of the smaller time frames due to it being less sensitive. A break of the support line would also begin the formation of a tight falling wedge. All of this leads me to believe the cup and handle formation should see continuation upon pattern completion.
DOCK - Free signalDOCK/BTC
Buy - 274
T1 - 282 (3%)
T2 - 289 (5%)
T3 - 295 (7%)
T4 - 301 (10%)
Stop-Loss - 265 (3%)
P/L Opportunity
Upside: 3-10%
Downside 3%
Quick BTC weekly analysis.Chart points out a few things to pay attention to as we run up to the ETF decision on Sep 30th and the opening of Bakkt in November. (pending regulation)
ETC - Price AnalysisETC price has retraced and begun to form a falling wedge / bull flag.
Stochastic RSI - Bottomed out and although there hasn't been a bull cross yet, I would recommend watching some of the smaller time frames to look for volume confirmation that would cause the signal line to crossover.
RVI - The relative volatility index indicates that price volatility has been driven down.
Kumo - Further confirms the lessened volatility as seen on the RVI
Tenkan/Kijun - Both have begun ranging which tells us that price momentum has begun decreasing
Due to the lessened volatility, oversold conditions, continuation chart pattern, I would expect to see the price break to the upside of the flag and possible extend to the .618 fib level near the 0.002510 price range.
However, if a tops break fails to occur, I would expect the price to find support above the .236 fib level at one of the two green support lines drawn.
BTC - Price AnalysisAfter the ETF denial there has been continued FUD, fear selling, and about 30~ billion has retreated from the market overall.
Currently, the price broke it's 8k, and 7.5k support, and it's next level of support lies at the 7k-7.2k level.
Stochastic RSI - This is the lowest level the stoch RSI has seen since 5/28~ which means we are very heavily oversold at this point.
Relative Volatility Index - The same can be said for the RVI, it has reached a historically low point that has not been seen since 5/26~
Fibonacci speed resistance - The red trendline drawn vertically across the price shows that the initial bull run started with very little resistance to price momentum.
After the price ran up to ~8490 it had reached a point of momentum resistance and we can see this is confirmed by the tweezer top chart formation illustrated in the sky blue box at the top of the red trendline.
Currently, the price has moved into a zone with much less resistance on the time axis.
Ichimoku Kinko Hyo - Our Kumo has continued to decrease in it's size since the run from 6-8k. Confirming the lessening volatility as seen on the RVI. Furthermore, Senkou Span A is still curled in an upward fashion which may signal a potential bullish twist on the Kumo.
The Kijun is acting slight resistance as the price has dipped under it. Although the Tenkan is still acting as support and has not yet began to show much movement.
For these reasons, I believe we will find support above 7k~
