Timing
Bitcoin Price Action Update (day 352)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.
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Consensio: Long term is bullish. Short and medium term starting to turn bearish. If 50 and 200 EMA’s get death cross on 4h then medium term trend will be bearish for me.
Patterns: Pulling up and into death cross on 4h? If so would that be considered a pattern?
Horizontals: R: $10,800 | S: $10,500
Parabolic SAR: If looking for SAR based on Welles Wilder’s original calculations then use “Lucid SAR” on Trading View. Weekly bullish SAR recently brokedown which indicates medium term bear trend.
Futures Curve: Contango, but spread is narrowing on this selloff which is bullish
Funding Rates: Shorts pay long 0.01%. Nothing out of balance here.
BTCUSDSHORTS: Shorts are at new all time low
TD’ Sequential: 4h hit a green 9 on this last move
Ichimoku Cloud: Weekly and daily are bullish. Look at how the daily cloud (traditional settings) acted as support. 4h is bearish.
Relative Strength Index: Appears to be resisting 50 on daily.
Average Directional Index: Daily has fallen below 20 which is similar to the RSI resisting 50. Weekly is just showing the first signs of reversing.
Price Action: 24h: +8.51% | 2w: -3.76% | 1m: +16.67%
Summary: My last update was on July 7th and that is when I predicted “four figure Bitcoin within 48 hours”. Furthermore my price target for the expected selloff was $8,975 by July 10th.
Both of those predictions were wrong. I roughly got the price targets right, but the time targets were about 1 week premature. Profitable trading revolves around projecting the price and the time. If you get one of those wrong then you are wrong, simple as that.
This has been a great example. I shorted above $11,000 with a $9,000 price target and I lost money eventhough the price went to $9,000 within weeks of entering my position. I had a stop set at $11,876 and that was triggered before the selloff that followed.
This is a great example of why trading revolves around price and time. Get one wrong and you will lose money.
About 5 days after my call the price of bitcoin reached my target of $9,000. I had a pretty good idea of where the price was going in the future but I still lost money because I thought it would happen a little sooner than it did.
With all of that being said I am prepared to take my second stab at the same call. As it stands I strongly expect four figure Bitcoin within the next 48 hours. From my perspective the market is very overbought while testing a major resistance level. This tells me that resistance will hold and that another leg down is to be expected.
Therefore I am viewing this as a good opportunity to sell. Whether that be short or a profit take.
It looks to me like $10,800 resistance is holding. If that is the case then we should get a death cross with the 50 and 200 EMAs on the 4h chart. If we do get a death cross then it would lead to a $7,500 target, at a minimum.
As a result I am viewing this as a selling opportunity. Selling $10,500 - $10,700 with a stop at $10,900 makes a lot of sense to me. If we are able to breakthough $10,800 and spend some time above that price (> 1 day) then I will very much be changing my tune while looking to buy back what I sold around $11,000.
Daily VZ forecast timing analysis by Supply-Demand strength21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -1.2% (LOW), -0.8% (CLOSE)
%AVG in case of rising: 0.9% (HIGH) ~ -0.5% (LOW), 0.5% (CLOSE)
%AVG in case of falling: 0.3% (HIGH) ~ -1.6% (LOW), -1.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Daily ETH/USD forecast timing analysis by Supply-Demand strength22-Jun
Investing strategies
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ -2.8% (LOW), -1.6% (CLOSE)
%AVG in case of rising: 5.3% (HIGH) ~ -1.6% (LOW), 4.1% (CLOSE)
%AVG in case of falling: 2.5% (HIGH) ~ -4.1% (LOW), -1.5% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
HYG stock price forecast timing analysis. 13-JunStock investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
Possibility of change in forecast timing: Forecast timing has become high variability conditions. because the flow of supply - demand has changed, and the supply - demand linkage is unstable.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ 0.0% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 0.3% (HIGH) ~ -0.1%(LOW), 0.3% (CLOSE)
%AVG in case of falling: 0.1% (HIGH) ~ -0.2%(LOW), -0.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com
Time analysis: Could the bitcoin bear market end October 2020?To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market.
To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around October 2020.
I know that sounds very depressing but as a long term trader I'm trying to find every possible outcome and this is one of them.
Timing the BTC bottom with Murad, Vinzen & Tone V.MustStopMurad had this analysis where he suggested that the next BTC bottom would be around the 300 MA.
Tone Vays has for a long time compared MA crosses from 2014 with todays MA crosses for estimating how far into the bear market we currently are.
Yesterday when watching Tone Vays video with Vinzent and Willy Woo (first of the recent Thailand videos) Vinzen suggested with the Fib Time Zone (I believe) that the bottom would be between 2020-22. Combining the above two analysis’ which I attempted in the chart actually suggests the same a bottom around 2021 which I found interesting. Estimations of moving averages is drawn by hand so not sure how accurate this will be (and obviously these estimations are also just a predictions so could be completely inaccurate). Would still be very interesting to hear peoples thoughts on this anyways.
Best regards.
$DNA entry/exitDNA displaying a popular window of opportunity in the December period.
R: @0.098
S: @0.089 (conservative, last 4 hours of trade prior 31/12 close)
Volume still attractive.
RSI above 35 (however, capping at 70 showing overbought signals).
Conservative Strategy:
Proposed re-entry: @0.080
Proposed exit: @0.090
SL: 0.076
Aggressive Strategy:
Proposed re-entry: @0.085
Proposed exit: @0.095
SL: 0.082
Resistance and volume drop expectedALOT is showing a resistance in supply/demand in buyers with more selling on 4h chart.
Fibretracement 0.786 would drop to $20.75-20.80 or more likely $19.20-19.35 resistance zone areas as better
buy.
Watch the black change to blue on 4h or 1d chart for entrance, which is currently black. @MarxBabu for longbuylongsell chart adding MACD, volume, volume average and running average and here RSI Stoichastics. Optionally replace RSI Stoich with CCI for entry timing once blue, or RSI, or fast RSI.
View 1w, 1d and 4h for blue entry signal.
USD/JPY Yen volatility leading up to USA stock market open VideoI've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
Let's see if 1.35% drop hits intersectI'm a huge fan of projecting cycles and timing. As we know, timing tends to be everything when executing a trade. For the short trades, we should be well aware of the unlimited upside loss and how quickly a "sure thing" can turn sour. That said, this analysis uses the uses a number of TA textbook tools (3 T's) to gauge a move within a narrow band.
Tools:
Bollinger
Gann Fan
MA (8)
DPO (20)
Fib Time Zones
The Fib Time zones are extremely beneficial when they align to the support areas you're attempting to seek out before placing a short position. If you insist on making back-to-back trades using the same reference point, you can short and long using the same turnaround.
Here, I decided to align the troughs with the Fib Time zone. This allows me to see how close my DPO (orange verticals) comes to capturing the end of a cycle. There's a 3-hr span on this chart between them, which is not too bad.
Bollinger bands are also a great discovery tool to pair with cycles. We are concerned more so with how the price moves away from the average and how likely it is to bounce fro the walls of the outer limits rather than ride along them for extended periods of time.
Using the RSI, of course, we can see if these touched limits are at oversold points to verify a turn around. From here, it's real easy to see the direction it's going to go next. The last thing is timing. Direction + time + reference area completest the forecast.
Where the Fib line #5 intersects the the 1/1 of the Gann Fan trend, this can be a place that we project with confidence. All elements point us in this direction.
Lastly, When shorting, we want to put a stop limit on the second to last bar ( red). If you are using a greater amount of leverage to initiate the trade, use a more frequent bar display to get a finer-tuned look at where that fail safe is placed. Target is 9450. Obviously, this being BTC, it's simply serving as our example for comprehending the basics.
Netflix and a moment of interest.Keep an eye on the stock and go long on these dates if your own indicators confirm it.
14.03.2018 01:09 UP 75,0% (6 up/ 2 down)
15.03.2018 20:43 UP 87,5% (7 up/ 1 down)
18.03.2018 22:53 UP 73,3% (11 up/ 4 down)
24.03.2018 01:36 UP 80,0% (12 up/ 3 down)
24.03.2018 18:31 UP 80,0% (12 up/ 3 down)
26.03.2018 04:22 UP 73,3% (11 up/ 4 down)
This TA is based on historical astrological events and performance of the stock.
Bitcoin buyers. Now!In my last post I recommended to wait. Now, I am recommending a buy.
Technically, this sell off is perfect and exactly what I had been hoping for. We hit the $3800 price point I had hoped for and we are right back in sync with our 50MA and smack dab in the middle of my bull channel. In other words, Bitcoin is back exactly where it should be and the consolidation here represents health NOT sickness as many of the doomsdayers would like to suggest.
Could we go lower? Yes. We can go all the way to the bottom of my bull channel (BOTTOM BLACK ASCENDING TL - currently $3500) and I will still be extremely bullish. However, I am not going to bet we'll get there. Rather, my recommendation is to buy anything in between $3500-$3800 for a nice LONGER TERM SWING TRADE. Here's my case for buying:
- Good support on RSI (I see us potentially bouncing here)
- 50 MA support
- Bottom of Bollinger Band
- All the gloom and doomers are talking about China, Jamie Dimon, and the end of crypto. This is great for buyers. We know this is not the end but in fact, it has just begun.
Again. Can we go lower? Of course!
Your stop outs would be anything below the BOTTOM ASCENDING BLACK TL. I've set mine for $3450.
BOTTOM LINE: This is longer term SWING TRADE advice only. Buy here. Buy now. But for gosh sakes put in your stops as suggested so you don't get burned.
Happy Trading all.
Litecoin buyers. Now!
In my last post I recommended to wait. Now, I am recommending a buy.
Technically, this sell off is perfect and exactly what I had been hoping for. We touched $58.20 as of this writing. Exactly where I had my buy order set at. Actually, that low on the candle IS my buy order which was partially filled. Lol. There is the possibility that we still come down to $55, but I obviously didn't want to bet on it. My recommendation is to pick up anything between our levels of $55 (if we get that low) and $62 for a nice longer term swing trade. Target right now is $98.28. Could be higher as we go depending on timing and pattern. I'll update as we go.
Stops should be set. I will set mine at $53.40.
I do want to warn you, buying here is a higher risk trade because we have no confirmation that we'll go up again. Nice confirmation would be a breakout above the RED descending TRENDLINE and a open of a new candle there on the daily. We could actually continue downward. However, here's my case for buying now:
- RSI trendline intersection support (I see us bouncing here)
- Tremendous support below: 57.75 (previous ATH), 50MA, bottom Bollinger coming into play, ORANGE TL, etc.
- Our leader Bitcoin seems to be near the bottom of it's descent as well
- All the gloom and doomers are talking about China, Jamie Dimon, and the end of crypto. This is great for buyers. We know this is not the end but in fact, it has just begun.
BOTTOM LINE: This is longer term SWING TRADE advice only. Buy here. Buy now. But for gosh sakes put in your stops as suggested so you don't get burned.
Happy Trading all.
Pull Back continuation trade on ViaSat (VSAT)Have a long term view on this company that it will ultimately go out of business.
1. Satellite companies require multiple revenue streams to survive - typically, a combination of some/all of: maritime, gov’t, aviation, consumer mobile sat and/or fixed residential broadband.
2. Residential satellite for 12-25 Mbps @ $50/mo WAS a good business prior to LTE, federal landline and internet subsidies and cable expansion. Now competitors cover 99%+ of the US population with 2X the speed and a total cost close to half.
3. Residential subscribers are the bulk (70%) of ViaSat’s forward valuation - this is major Achilles heal
4. Government and aviation are decent business lines but collectively are only <30% of EBITDA
5. ViaSat-2 ($600M) was launched on June 1, six months late and has significantly less capacity then originally stated. It cannot possibly provide enough subscriber capacity to support the business.
6. ViaSat-3 ($650M+) is a trio of future satellites that will dig the capital hole deeper.
7. Current financial metrics are highly manipulated and will be forced inline as performance and new mandatory accounting standards (ASC 606) are enacted. Key reporting metrics, like churn, are currently not provided - unimaginable for a reporting public company in the telecom subscription business, there’s a LOT more, but you get the idea.
Buy side analysis have it completely wrong, projecting high subscribers and increased revenue per user. They are way off.
Technically, this stock is at perfect entry point for the continuation trade on the larger time frame. Broke down from a LT sideways balance and now retraced to the breakdown area.