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Sellthetop

ALERT: BTCUSD reversal incoming! Warning: BTCUSD reversal... is coming! BTCUSD recently had a steady increase in price. But the reversal is here! Today I will explain with Technical Analysis. As we will see, we already have many bearish factors to watch out. I will give them in lists in order for you to easily digest them. 1. Elliot 5 waves complete The 5-wave Elliot wave is complete. The trend ends already. This is a bearish warning. Do not buy the top! 2. Effective Divergence Indicator's Dots Divergence! The EffDi dots are decreasing, contrary to the price increasing. This is an early warning of price reversing. 3. EffDI peak based on Cyclic Lines The red lines call a pullback/peak. Price recently touched one of the lines, calling a downturn is coming. Advise: Do not buy the top. 4. Bearish Engulfing on resistance 38k The previous peak, 38k, served as resistance. After hitting resistance, the candlesticks gave a Bearish Engulfing pattern, signaling a reversal. 5. 38k Resistance profit target for many traders Many traders most likely put a profit target at whole numbers and previous peaks. The 38k area is a common take-profit area. Do not buy now. This is enough to convince us that a reversal is coming. However, we may need a confirmation. We need price to break MA Channel in order to confirm. This may be our buy signal. 6. IF MA Channel breaks, price may fall to one of our Fibs IF the MA Channel breaks all hell breaks loose. Likely profit targets may be in the 0.382 Fib or 36k level, and the 0.618 or 34.5k level. After that there may be a bullish comeback. These are very bearish signals to take account. Do not buy the top, sell the top. Good luck! Do not forget to like and subscribe for more!
BITSTAMP:BTCUSD
by Trader_ph
8
This is how the week should play out.My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit. It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about 3 hours left to trade on September 17. Based on hitting that specific mark, I am projecting Minute wave C and ultimately Minor wave B to end around 3470 about one day later. I am still projecting the next down swing to begin before the week ends. Another looser projection is the end of Minor wave B based solely on Minor wave A's movement. This has Minor wave B ending near the close of trade on September 17. I no longer assess this spot to be the end. I will write again this weekend, but I am still bearish for the next two weeks before we are ready to test the ATH in mid to late October. Follow and stay tuned for more!
SP:SPXLong
by StockSignaler
7
Bitcoin's Market CyclesI know you've probably seen this kinda chart around many times, but this is only for a reminder. In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline. There isn't much to say really since iv'e outlined the phases and cycle on the price chart along with how long they each last with their % gain, but iv'e outlined the main topics. Four Main Topics - Bitcoin Phases & Cycles (names of phases & idea not mine) - 20 Weekly Moving Average from Bollinger Bands (this comes from filbfilb - check him out on here, twitter and telegram) - Puell Multiple (easily outlines tops and bottoms) - Non Linear Regression Curve (easily outlines tops and bottoms) The reason behind this post is because I see many folks on various social media platforms expecting price to go lower, seeing 7k, 8k mentioned often, but by looking at this price chart can't help but disagree, who knows maybe this time around the cycle might break. When to Get in Before Next Bull Market? Look out for 20 weekly moving average and whenever price touches during the re-accumulation phase enter into long position and forget about it. This will most likely be your last and best chance of getting in before the next cycle starts. I first saw this pattern spotted by filbfilb When & How Sell the Top and Buy the Bottom? Puell Multiple (make sure it is in logarithmic scale) - Sell into the red area or close to it (don't have to be exact with it) - Buy into the green area or close to it (don't have to be exact with it) Non-Linear Regression Curve - Sell into the upper band - Buy into the lower band In conclusion, the way I see it is this price chart is the only one, one could ever need. Why? Because it easily calls the tops, bottoms, when to buy, when to sell, phases within the cycle. Maybe I'm bias because it's my own chart or because cycles repeat just like in everything else. Hope you enjoyed the read; simple and short, but trading/investing is best done this way. If you liked it, like it and comment! Thank you
BNC:BLXLong
by Muncher
4