CREAM of the CROP on Bittrex Our scanners pulling up a LOT of shitcoins forming potential bottoms on various 9s, 9,13s AND consistently exhibiting RSI divergence.
The following are just a few. Will update if I I get long any of these GEMS. Will be interesting to see how the lot of these perform on average. DARE say the Market is RUNNING OUT of SELLERS?!
BITTREX:HMQBTC
BITTREX:DYNBTC
BITTREX:XZCBTC
Last one on Polonoeix BITTREX:LBCBTC
Tdsetup
VTC consolidating on Perfected Monthly 9 BITTREX:VTCBTC flashing perfected 9 Buy on Monthly timeframe per TD....also just happens to be consolidating very nicely near bottom range of a nice channel for 60+ days.
Check mark on chart was when it went 110%ish in <6 hours thanks to a small pump-group (this thing moves very fast both directions due to lower liquidity AND IS why it's been the target for pump groups and whales in the past).
Get in while the gettin is good lads.
BTC Bubble Comparison - Monthly ChartI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
The monthly Stochastic and TD' Sequential are showing multiple similarities as 2014 - 2015. The last buy signal did a great job of calling the bottom and it also lined up with a monthly red 8. If that pattern continues then we should get a $2,880 bottom in February 2019 and then it should take 12 months to close back above $6,400. This lines up very nicely with the most recent Bitcoin' Bubble Comparison that I did on the 3D chart.
QTUM high likelihood bounce target Been riding this one long for few weeks now as weekly candles tightened into a rounding bottom.
Many higher time frames(monthly, weekly) signaling shaded rectangle as potential target for this BINANCE:QTUMBTC counter rally (SHOULD it be a fake alt-season... BINANCE:QTUMBTC will reject hard here and go on to make new All-Time lows).
Perfect world it comes on a weekly 9 (5.5 weeks from now) marked with flag on chart.
Will update more detail later
BTC DAILY UPDATE (day 162)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below!
Previous analysis /position: “Expecting sharp reversal to the downside if we cannot break $7,150 in the next 12 - 24 hours” | Short ETH:USD from $450
Patterns: 1 hour bear flag. Believe that the Wyckoff accumulation that was discussed yesterday is now invalid due to how far we have pull back from $8,500.
Horizontal support and resistance: weak S: $6,400 | strong S: $5,900 - $6,100 | Weak R: $6,500 | Expecting strong R at $6,800
BTCUSDSHORTS: Continue to build and starting to approach overbought zones. 54% long: 46% short. Surprised this is still favoring longs after yesterday’s sell off.
Funding Rates: shorts pays longs 0.0561%
12 & 26 EMA’s (calculate % difference): 12 = -11.32% | 26 = -12.59% | Just made bearish cross on the daily.
50 & 128 MA’s: 50 = -9.28% | 128 = -16.95%
FIB’s: 0.236 = $5,920 | 0.382 = $8,496
Candlestick analysis: Bearish marubozu forming on the daily
Ichimoku Cloud: Fell below the daily cloud. Tenkan-Sen is angling down sharply for a bearish crossover.
TD’ Sequential: Perfected 9 on the buy setup
Visible Range: Point of control over last 24 hours = $6,424 | POC over last 5 days = $7,000 | High volume nodes at $6,500 when looking back 3 months.
BTC’ Price Spreadsheet: 12h = -4.71% | 24h = -11.66% | 1w = -17.59% | 2w = -23.09% | -7.14%
Bollinger Bands: Below bottom band on daily. $5,396 is bottom band on weekly which I expect the price to test at some point.
Trendline: Can fit the 1 hour chart into a nice trend
Daily Trend: Bearish af'
Fractals: Next down fractal is $6,078 | Up remains at $8,280
On Balance Volume: Coming down harder and faster on daily.
ADX: ADX is testing 25 for support and still angling down. Would have expected it to move up with this most recent sell off. -DI and + DI are starting to diverge in a bearish manner on daily and weekly.
Chaikin Money Flow: Div' in weekly as it continues to climb upward. < -0.05 on daily
RSI (30 setting): Expect it to continue falling to 37 - 40 on daily. Weekly at 48.36 (hasn’t been below 48 since 2015)
Stoch: Bearish cross on weekly, daily failed to make a bullish cross and just hit the lowest reading since 2011.
Summary: Perfected buy setup on the TD' Sequential is the most important indicator to me right now. Expected a 1-4 candle correction to the upside to follow the daily close. If you are not in a position then I would strongly advise against opening a short right now. If we do get a bounce then it will provide a great selling opportunity. I am expecting strong resistance at $6,800 and do not think the bounce will exceed that price. If you opened a short when I recommended at $8,160 then today could be a good time to cover 25% - 50% of the position.
A "SAFU" Bounce from the $7400 area?We have just made a lower low of $7657 since this move upwards with high selling volume and broken our February trend line (GREEN LINE) confirmed broken on lower TF which was working as support now turned resistance.
We have horizontal support at $7400 plus the 30 EMA on the D TF which has been significant throughout this last bullish uptrend.
Our TD buy setup on the 6H is on a red 8, so a 9 would be something to look out for as a reversal signal to this trade closer to $7400.
Our monthly closes today so the bears could possibly put on more selling pressure as the time gets closer a $7400 or so would abolish a bullish engulfing candlestick on the monthly.
A bounce from the $7400 area would probably take us back to test the $7750 resistance line before putting in yet another lower low "possibly".
THIS IS NOT FINANCIAL ADVICE I AM SHARING TO LEARN MORE.
Please comment if you have any thoughts on how i can improve this.
SAFU TRADING!!
CDW trading on a 9,13 for Monthly TimeframeCDW came across our td Monthly Equity screener this weekend.
CDW currently near ATHs and trading on a 9,13 for the Monthly timeframe.
Took short based on prior Daily 9 (see below) failing to close @ new Highs and confirmation divergence on RSI.
9s Galore on SPXSP:SPX @ critical level on weekly chart while also flashing a Weekly TD ell Set Up.
If orange line (last top) fails to be taken out this week (weekly 9) then at least a short-term correction likely.
Daily chart below shows how a completed Sell Set-Up failed to take out the orange line so far this week with today on watch for a color flip to a red 1 on the Daily.
Should yesterday's high hold through tomorrow's close...I'll return to this post with potential downside scenarios.
www.tradethe9s.com
NEO trading at major support With BTC falling for the past month and half we've seen alts absolutely slaughtered.
Although it can be risky, I like these times for beginning to build positions in some of the more mature, stable alt-coins that I like. Things I like looking for 1) 50%+ retraces against BTC 2) 80%+ retraces in fiat value 3) TDBuy Signals
NEO is @ the top of such a list and pops for all 3 of the aforementioned Buy signals.
don't want to go into its fundamentals with this post but a huge benefit to owning NEO (particularly during Bear markets) is that you get paid a dividend(GAS) just for keeping it in the correct wallets.
NEO trading near major historical support on both it's USD chart ($32ish) and its BTC chart. It just recently passed 80% retrace of its ATH in USD pricing and 60% + its BTC equivalent. We're trading at levels not seen since before the December 2017 Mania.
Recently completed a Perfected TDBuy SetUp on the daily chart for NEO/BTC and the few days since have failed to make new lows...just shows that NEO (like a handful of other stable alts) are really trying to carve out a bottom here (and should as long as BTC doesn't capitulate).
Key price levels to watch in my head. 32$ Support (now). 38-39.50$ should provide some resistance on bounces now....50$ Will become major resistance on next rally up.
Below 16$ is death (I will be a buyer all the way to this level but I don't expect us to get there unless we see $3,000 Bitcoin). We haven't been below that level since last fall when everyone in crypto thought China would be banishing and abolishing all things crypto (NEO is biggest crypto started in China so far).
Want to know all the Coins trading on T D 9s and 13s? Check us out below:
www.tradethe9s.com
Are we retracing back to 12k?A descending triangle is forming on the hourly charts but the volatility of the market creates some ambiguity in the readings.
Another price drop is highly likely if the bears can push down below the descending triangle with a high volume.
11-12k would provide a great buying opportunity for those who missed the previous bull run.
Personally, I use Tone Vay's altered TomDemark indicator to buy into the dip once the counter hit green 2 and trades above the high of green candle 1.
(Alternative versions of the TomDemark indicator are available on TradingView but they are slightly different from the version I have and they seem to work less effectively in my own personal experience.)
