First Ever TD 13 Count on Weekly Provided BTC doesn't close over $43,000 this week, the first ever TD Sequential 13 buy count in Bitcoin history on the weekly chart will print.
There have been 7 weekly 13 sell counts since 2011. Many of these occurred mid way through parabolic moves upward.
7 January 2013 - $13
7 October 2013 - $131
6 June 2016 - $665
6 March 2017 - $1.2k
30 October 2017 - $7.3k mid way through parabolic run
27 July 2020 - $11k start of post-COVID dump parabolic run
5 April 2021 - $59.3k the top
The closest there has been to a 13 buy count are as follows:
19 January 2015 - 11 count - bottom of the bear market on a closing basis
24 August 2015 - 10 count - start of the turn around into the multi-year bullrun
29 January 2019 - 11 count - bottom of 2018/19 bear market
Since there isn't any historical data to compare to in regards to a 13 buy count on a weekly basis, we will have to strap ourselves in and see what happens.
TD9
CCL LONGJust some basic technical analysis with the VIX chart at the top of the screen. As you may see, we are seeing a "double Bottom" which is a very bullish chart pattern. In conjunction with the VIX chart and the slowly decreasing Volume, it may be possible to see a reversal here on the next trading day. When we see more market participants buying then it would be safe to assume that there may be a possibility of market reversal.
$BABA daily 9 weekly 8 and monthly 9I would be more interested if we see some wide range candles, indicating capitulative move. This 9 candle is weak. If next week is a 9, then I would look for daily 13. An aggressive trader would look for either Aggressive sequential and Aggressive combo 13. I doubt we will make sequential or combo 13 when we have done such a steep move down, but it can happen.
Fundamentally, investors have lost hope on Chinese tech companies. Chinese companies can't get Apple big, since getting big will take away the CCP's power and that is not going to happen. Thus long term investor will shy away from Chinese companies due to this political "cap".
I remain a trader for Chinese companies. Would not hold any for long-term since such an environment cannot breed multi-decade compounder like $AAPL and $AMZN
Watch for TD9 signal on weekly!Time analysis based (no price predictions) on TD Sequential indicator. A break in the sequence invalidates this idea.
The price increases and on the way up we get the respective TD Sequential numbers: 1, 2, 3, 4, 5, 6, 7, and so on.
The bearish signal comes at the moment when the Demark Sequential indicator gives you the number “9”. This means that the price action has closed 9 consecutive candles where each has closed higher than the candle 4 periods earlier.
The signal is even stronger if the highs of candles 8 and 9 exceed the highs of candles 6 and 7.
When you confirm this pattern, this is very likely to result in a pullback in a bearish direction. The strength of the pullback is most likely to be seen during the first four candles after the confirmation of the candle that is marked with “9”.
Watch for TD9 signal on weekly!Time analysis based (no price predictions) on TD Sequential indicator. A break in the sequence invalidates this idea.
The price increases and on the way up we get the respective TD Sequential numbers: 1, 2, 3, 4, 5, 6, 7, and so on.
The bearish signal comes at the moment when the Demark Sequential indicator gives you the number “9”. This means that the price action has closed 9 consecutive candles where each has closed higher than the candle 4 periods earlier.
The signal is even stronger if the highs of candles 8 and 9 exceed the highs of candles 6 and 7.
When you confirm this pattern, this is very likely to result in a pullback in a bearish direction. The strength of the pullback is most likely to be seen during the first four candles after the confirmation of the candle that is marked with “9”.
Tidewater - Reversal of a 10-year long downward trendA new oil prices bull market should favor small & micro cap equities of the oil & gas sector, which reached depressed levels after a 10-year downward trend, giving them the risk-return profile of call options.
We consider that the risk-reward offered by Tidewater, despite its very volatile price, is more than attractive given its low valuation and its growth potential in a new oil bull market.
Disclaimer : I am long TDW.
HOW TO USE TD9 INDICATOR? [EDUCATION]✅We talked about how to use TD9 indicator.
I really enjoyed making this video, I hope you as well. 🙏
We will continue our education videos, so, i am looking forward to sharing them.
Take it easy.
~Bo Bugra Sukas
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✅We talked about Williams%R indicator here.
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✅We talked about MACD indicator here.
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✅We talked about RSI indicator here.
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✅We talked about MFI indicator here.
Ready for the Transformation of the Biggest Wealth ever?Key things to take away from this:
TD9 is still giving a bear market state.
Slowly Accumulate, don't pound the table.
Day traders should leverage from this by betting against the market for any kind of pull up.
Any selling opportunity will most likely to work out.
Trump's announcement called some people down. I am expecting the market to go up to set a good shorting opportunity.
Take it easy team.
See you on the next one.
~Bo Bugra
Cosmos: Will ATOM-BTC Finally Launch Us into the Cosmos?ATOM-BTC is currently setup for both a daily and weekly TD9 (buy) setup. The Stochastic's bottomed out on the 12hr, 1D, and 1W timeframes.
We shall see if buyers step up this week.
Using a mix of Nick Core's "Alpha Exhaustion" & Tone Vays' "TI Indicators Sequential" indicators.
Gold's Epic Rally STALLS - what's next?Hello traders.
Gold had previously entered a potential buy/breakout zone but has not produced confirmation and as far as we can see, has not given another opportunity for long positions.
On the weekly, TD9 coupled with a rejection at the .236 Speed Fan resistance shows a potential retrace. Optimally, a strong trend will test the previous swing low at the 50% retrace, and bounce from there. That's a discussion for later, but for now a short seems obvious.
Take profits low 1400's with a full run targeting 1400 itself.
(looking at older charts, I think there is a very tiny chance for a bounce, RIGHT here, so wait for a small drop to confirm)
2 BTC to 20 BTC Trading Challenge - Day 14 (1.4252 BTC) Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
I might have had a little bit too much fun last night. I went to a bluegrass concert that started at 9:00 and I must have had too much to drink because I still feel like shit at 6:15 pm the next day.
The struggle is real!
Not having anything to drink tonight and I am looking forward to feeling like a champ again tomorrow.
The markets have sure been interesting. Starting to track the futures curve is the only reason that I didn’t short BTC after yesterday’s close and I am sure glad that I didn’t! As long as we continue to hold support I gain confidence that $4,200 resistance will break and then we will be in for a strong 1 month + dead cat bounce.
The S&P 500 looks like it is just coming to the end of that type of bounce. The TD Sequential is on a red 9, we have multiple reversal candles and there is a cluster of resistance from $2,600 - $2,650.
USD:TRY continues to head fake > $5.5 and continues to close below the TDST level at that price. The M MA is diverging in a bullish manner and support continues to move up. This is my single favorite trade for 2019 and if we can close a daily candle > $5.5 then I think we should really start to pick up momentum.
Open Positions
Long: USDTRY
Price: $5.55804
Projected Risk: 5.66%
Leverage: 100X
Exposure: 0.16 lots ($16,000)
Margin: 0.048 BTC
Unrealized PnL: -0.087 BTC
Notes: Support holding above the phase 3 trendline is going to be very important for me to maintain a healthy bankroll for this challenge.
Long: USDZAR
*1/3/19 SCALE OUT: P < S MA = 5%. However minimum available to scale out was 8%
*1/6/19 SCALE OUT: P < S MA (5%) + Bearish M MA (30%) + Bearish Cross with S & M MA’s (15%) + P < flat L MA (25% - 50%)
*1/7/19 SET STOP LOSS: Stop loss set at $13.489 for remainder of position.
*1/9/19 ADJUSTED STOP LOSS: Moved stop to $13.64 due to expected support from 200 MA.
*1/11/19 DEATH CROSS signals final scale out. However on TD red 9 at horizontal and trend support. Leaving stop at $13.64 due to bullish 200 MA and support cluster. Negligible difference in risk, huge difference in potential gain.
Price: $14.48
Projected risk: Market stop set at $13.49
Leverage: 100X
Exposure: 0.06 lots ($6,000)
Margin: 0.0157 BTC
Unrealized PnL: -0.075 BTC
Realized PnL: -0.086 BTC
Short: SPX500
*1/4/19 ADD TO POSITION: S MA making bearish cross with M MA = 15% added
*1/6/19 SCALE OUT: P > S MA (5%) + bullish M MA (30%) + Bullish cross with S & M MA’s (15%) = 50%
*1/11/19 GOLDEN CROSS does not necessarily signal scale out due to angle of L MA. Stop loss set at $2,656.
Price: $2,472.62
Projected Risk (horizontal resistance at $2,650): 7.44%
Leverage: 100X
Exposure: 0.09 lots ($22,276)
Margin: 0.0586 BTC
Unrealized PnL: -0.289 BTC
Realized PnL: -0.129 BTC
Notes: Major horizontal resistance from $2,600 - $2,650. Stop set at $2,656. Really want to see this week close < the 9 MA.
LONG XRPH19
*1/11/19 SCALE IN: P < Bullish L MA represents oversold asset in bull market.
Enter: 0.00009135
Stop: 0.00008888
Risk: 2.7%
Exposure: 20,267 XRP (1.8518 BTC)
Leverage: 15X
Unrealized PnL: +0.0111 BTC
Realized PnL: -0.0046 BTC
Notes: Entry was not based purely on Consensio. Bitcoin futures curve in backwardation with widening spread is main reason I was looking to add to my long exposure. Also looking at confluence of support from trend and horizontal. Guidelines would have me waiting for close above S MA to start scaling in, but I really liked the risk:reward provided at today’s close.
Open Orders
*1/10/19 AMENDED stop market to short XAUUSD. Moved entry up to $1,284 due to that being below horizontal support & parabola and it provided better risk:reward. Consenio signaled entry today, but I’d prefer to wait for further confirmation.
Watchtower
USDHUF: 18 year symmetrical triangle.
USDJPY: (leaning bearish) Consensio is bearish on Monthly chart indicating that the triangle has a greater chance of breaking down. Tightest monthly BB has been since 1976 when the price proceeded to move 41% in ~21 months. Think that retesting $80 is most likely.
XRPUSD: In a Bollinger Band super squeeze on the weekly with lower highers and highers lows suggesting upcoming parabolic move either way...a/k/a Jesus Fish Pattern. Symmetrical triangle on daily provides first target of $1.1
USDCAD: Approaching bullish 200 MA while the M MA and L MA posture for death cross. Weekly A&E bottom with $1.63 target. Massive volume over last 3 years. Currently fitting into channel. Tightest weekly BB squeeze since 2000.
WTIUSD: Pullback back and into golden cross
BTCUSD: Gap in the visible range volume profile looks like it is begging to get filled. If we close above $4,300 then a return to $5,400 - $6,000 would be my highest probability outcome. Will be strongly considering setting a stop order to add to my long above the daily Parabolic SAR. Backwardation appears to be getting slightly more exaggerated, currently 3.03%.
ETHUSD: First weekly buy signal since April 2018. Daily has potential incoming death cross which could occur right around the Constantinople Fork.
LTCUSD: Waiting for close > daily saved me. Treating inside the cloud as a no trade zone can work very well.
XRPBTC: Incoming death cross following L MA roll over could be setting up ideal entry. However ascending triangle is still in tact and want to wait to enter until we get a close above / below.
XAUUSD: A few daily candles have closed above the trend line from 2016 but when zooming out to the weekly chart it becomes clear that the TL is continuing to hold as resistance, therefore it is still in tact. Daily looks like it is ready to break down at any moment and that is why I will be waiting with stop entry. Consensio is also starting to signal short entries with P < S & M MA while those are making a bearish cross.
EURUSD: (leaning bullish) L MA and LL MA squeezing with price between on weekly and the LL MA appears to be making bullish reversal. Seeing a potential A&E bottom. Bollinger Band in tightest squeeze since 2014 and a 24% move followed that one.
USDRUB: Symmetrical triangle forming above bullish 200 MA that is approaching the price. Also had a recent GGC on the weekly.