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Trader_ph

BTCUSDT: History may repeat itself, just at a smaller scale THIS IS NOT FINANCIAL ADVISE. Do your own research. This is just my thoughts on BTCUSDT History may be repeating itself, just at a smaller scale. Current price movement and indicator behavior from August 2021 to September 2021 is similar to the price movement from February 2021 to May 2021. In case the charts can't explain enough the similarities between the time periods, I will elaborate 1. Wedge with resistance hit 3 times and support hit 2 times before a breakdown(Breakout in reverse) 2. RSI Divergences 3. 100SMA stopping any downside movement 4. Breakdown candles have long wicks and break the 8SMA of the low(red MA) More Conditions needed for the history repeat to be fulfilled 1. 100SMA Should be broken after a short bounce 2. Sharp drop after 100SMA broken It will be interesting to see how this analysis plays out. Will history repeat itself? Drop a comment below on your thoughts Thank you for reading. Drop a comment below for feedback, and like and follow if you like the analysis and want more analysis by me. See you!
by Trader_ph
ATTENTION:BTCUSD ready to Breach ATH again! Good day traders! Bitcoin is ready for yet another breach of the all-time high. While BTCUSD(or BTCUSDT if you want) has been silent, you may want to gear up for the next move. Please like and subscribe for more posts like this. ○Explanation about why BTC is ready to blast○ Here is why: 1. EffDi v2 breaks its own resistance EARLY, based on similar events, BTC is going rocket up The Effective Divergence Indicator v2(releasing soon) breaks its own resistance. Looking back at the previous resistances, the break means that a coming up move is coming. We had a breach in the current one, so should be short the bottom? Of course no. 2. Volume lesser every time, a volume spike with an ATH(all time high) break should be good to activate some FOMO mode among traders Look at the Tesla-related BTC pump. There was a strong FOMO element in the area because of the ATH break and a Strong volume. It was backed up by the No. 1 evidence. 3. Bullish Triangle Pattern Formation nearing completion Yes, a triangle pattern. The triangle pattern can explain the low volume and price silence. We already have the ABCD, we just need the E and we can go blast good times. 4. Average True Range's historical zone, when touched gives an almost inevitable move The ATR 500 level is the point where a move usually comes, based on previous moves in the past days. ATR is going to trigger a move again. 5. when The plotted Cyclic lines(scroll back to see it all) are touched, there is usually an up move after Yes. You can scroll back to see it all. This cyclic line tells a bottom/incoming upmove. Do not neglect the cyclic lines: very powerful and mysterious. Do not neglect! The next move is coming! Good luck, and keep safe! Do not forget to like and subscribe! How was my content? Tell me in the comments below!
BITSTAMP:BTCUSD
by Trader_ph
1
BTCUSD: bull run incoming! Technical AnalysisHi traders! Looks like we are ready for the next bull run. BTCUSD is ready for another pump I can prove it with technical analysis. Please like and subscribe for more technical analysis. Here are the reasons BTC is ready to pump: 1. History repeating itself Yes, history likes to repeat itself. That is good. What is repeating itself? Look at the next numbers 2. Effective Divergence Indicator(v2, releasing anytime now) always show divergence on bottom The Effective Divergence Indicator(v2) showed a divergence at every turning point. At the right part of the chart, we can see an early breakout in the trendline and a Dots bullish divergence. 3. Bitcoin REALLY likes 0.382 Fib retracement, price is sitting there Based on the recent intraday pullbacks, BTCUSD really likes to end retracement at 0.382, which is very interesting. Based on this evidence, we can say that the price is ready to reverse into yet another bull run. 4. 8-MA of the low in the MA channel starts to turn, which is bearish Looking at the previous numbers, the red line curves from going down to going up, which is bullish. The curves highlighted in white marker signified a change in trend. Right now we can see the curve too. 5. Price hits mid-channel support, bulls still alive The bulls are still alive indeed. BTC is still in the channel plotted above. As long as this not break the trend is your friend. 6. Volume spikes signify end of pullback: it happened already Volume spikes according to previous pullbacks signify the end of the down move. It just happened, so you may want to buy the dip and sell the top. These are very bullish factors. History likes to repeat itself, and we should harness the power of History. What do you think? Drop comments below! Also, like and subscribe. Thanks! Indicators used: Effective Divergence Indicator v2(releasing in 1-2 days) by Trader_ph MA channel developed by Jacob Bernstein
BITSTAMP:BTCUSD
by Trader_ph
3
BTCUSD: Ready for yet another run! Get ready!Hi traders! BTCUSD has been a little silent, while many altcoins, most notably Binance Coin, has been exploding non-stop. Bitcoin's time has come. I will explain why, with technical analysis. Don't forget to like and subscribe for more analysis. 1. The trend is your friend until it ends: no signs of bearish reversal yet I am sure you heard the saying. As long as there is no bearish sentiment, there is no "end". The news with Tesla using BTC as a mode of buying Tesla will keep BTC pumping until otherwise. Looking back at previous triangles, there is no reason to sell(as a trend follower). 2. Effective Divergence Indicator v2(soon to be releasing) short term length Early breakout in own consolidation The Effective Divergence Indicator that I invented is for the early spotting of trends. The EffDi broke its own resistance which is obviously very bullish. 3. The pullback is healthy, it is not a reversal, it is a re-accumulation The pullback is healthy because it had lesser and lesser volume, meaning that there are no signs of "distribution". Everyone is also probably thinking of pushing BTC up so that it can join the bullish altcoins. In a bullish market, even the worst coins get a boost. This is very bullish indeed. We can wait for confirmation with the MA channel(10MA of high, 8MA of low)'s green line to be broken. Then, blastoff! Hope you get ready! Dont forget to subscribe for more analysis. P.S. Effdi releasing sometime in a day or two.
BITSTAMP:BTCUSD
by Trader_ph
BTCUSD Dump incoming! Sell your holdings!Hi, Trader_ph here and welcome to my daily analysis. BTC hit an ATH which is impressive, but the question is: Pullback, where are you? I believe the pullback is here. I will explain: 1. EffDI DIVERGENCE in line and dots! Okay, sorry for the caps. But when there is a divergence in the EffDi indicator, it is a strong signal. It almost always works. The Effective divergence indicator has a break in its own trendline. Very bearish. Also, the Effdi hit it's own Fib 1.618 resistance which is known for killing BTC trends. One last thing for the EffDi: CONFIRMED Head and shoulders. Selling is on the way, never buy the top unless you like to lose money. 2. Elliot wave complete I will go direct here. The 5 wave elliot is now complete, meaning the trend is exhausted. Reversal! 3. Decreasing volume in bull rally, lesser bulls everytime? Bearish of course This is bearish. Meaning, more bulls are less confident in the trend. People are selling their profits for good cash. Dump incoming... Thanks for reading. Sorry if it was shorter, need to catch up with something.
BITSTAMP:BTCUSD
by Trader_ph
4
XRPUSD ready to join the Alt Frenzy! Eyes on $1!Hello traders! We all know that XRP has been a little slow. While many coins like IOTA, ADA, and such explode seemingly unstoppably, XRP chose to not just join the Frenzy, but to make lower lows! XRP is overdue. But not worry! Stellar Lumens is ready to blast. The time has come for XRP. I will prove this with Technical Analysis in the next part. Hi, I am Trader_ph. Welcome, and please like and subscribe for good technical analysis in cryptocurrencies. XRP as explained in the previous text is ready to blast off. Proof? I have many technical and relational(compared to other cryptos) analysis. I present them to you: 1. Signs of accumulation by investors, institutions and such are evident As we can see with our volume in the chart, in seemingly small movements, they have decent volume, showing signs of accumulation. Smart traders know that XRP is just one of those 'lag' cryptocurrencies that are a few hours/days behind, and are buying XRPs to prepare for the blastoff. The accumulation is pointed by orange arrows in the chart. 2. Elliot 5 waves completed Elliot waves are well known for spotting peaks and bottoms. In the chart we can see the Elliot wave has hit 5 waves already. It would be smart to take this into account. This wave says that the minor downtrend is over. 3. Reverse Head and Shoulders nearing completion; when it does, all craziness breaks loose! A reverse head and shoulders is the bullish counterpart of the famous Head and Shoulders pattern. the Reverse head and shoulders already formed it's right shoulder. To confirm, we will need to wait for price to breach the blue trendline in the chart. If it confirms, all bulls will be released from their cages, and bears will retreat. 4. MA Channel's red line gives a sharp turn, green line broken to the upside The MA channel composed of the 10MA of the high and 8MA of the low shows a bullish signal. The Red line gave a sudden turn, while the green line was broken by the current candle. Looking back, a good break in this green line meant a powerful up move was coming. It is happening now, and with the support of the previous factors above, XRP is going to skyrocket! 5. Effective Divergence Indicator(EffDi) gives an early breakout in it's downtrend The Effective Divergence Indicator(EffDi)'s main line gives a good break to it's blue trendline signifying a change in trend. On the other hand, the EffDi dots give a sharp rise in the first time since February 4. Bullishness is breaking loose. Get ready! (The EffDi indicator is good in spotting early changes in price trend. You can check my previous posts.) 6. XRP compared to other coins, XRP is a bearish one. XRP time to catch up XRP as we notice is really slow performing. Looking at the previous 100% pump, XRP did it in a completely different schedule that most coins. Based on previous pumps, XRP is going to do its pump in a different time. XRP is going to catch many buyers. Basing on these bullish factors we are in a very confident place that XRP is going to pump. Looking back on previous pumps, XRP pumped around 90-110% pump. We can expect a pump like this. Our ultimate Target Price is around 1$. The most reasonable TP is at .8$ because that is a huge resistance. Good luck! Are you new to my posts? Like and follow for more! Regular visitor? Like and follow! lol Drop you comments on your opinion!
BITSTAMP:XRPUSD
by Trader_ph
2
BTCUSD Pullback finished: time to breach ATH!Hello traders! BTCUSD had a bearish plummet. But there is no need to worry, bulls! The trend is still intact. And we are in the PERFECT place to buy! Don't forget to like and subscribe for more detailed Technical Analysis. BTCUSD recently hit 41k, which is bullish. But afterwards, a pullback took place. This is normal since many intra-day swing traders put their profit target at the 41k zone. I can say that as of this writing it is a perfect time to buy BTCUSD. Remember: 'buy the dip'. Here is why: 1. Fib 0.236 support zone This Fib zone is very important because it served as resistance in the past days. This is a scenario of a resistance turning into support. Price bounced from it. 2. Important trendline(blue in chart) touched, signifying that bull trend still exists This blue trendline is our basis for deciding whether our trend still is intact and strong. The trend is fresh, considering the recent triangle breakout, discussed in the next number. 3. Triangle breakout, pullback, then wave 3 of Elliot The triangle(highlighted in orange) breakout means a fresh start of a strong bull trend. After the pullback to 38k we may witness price ascend to 41k and possibly breaking the All time high. The pullback has decreasing volume, indicating that it is a healthy one. 4.Effective Divergence Indicator(the middle and bottom pane) says price is oversold, major Dots support holds In the Effective Divergence Indicator of EffDi, it says that the price is very oversold. In the bottom pane, the Oversold line(bottom part of band) has been hit, saying that the bottom is around 38k. While in the middle pane, the EffDi "Dots" touched a support level. The EffDi main line(the line that has yellow, green, red) gives us an oversold reading.(P.S Please read about the EffDi at the last section of this post) ------------------------------------------------------------------------------------- We have many bullish signals already. However, we still need confirmation. A Good confirmation is a candlestick pattern at our support levels. Let us wait. I will update this post when one forms. Get ready. Bitcoin gives us one last chance to enter the bull run. Not just BTC, but also other cryptocurrencies like ETH and ADA. Because most cryptos tend to go with BTC. Time to breach All time high! Thank you for reading! What is your opinion? Drop some comments below! Be sure to like and subscribe for more! About the EffDi Most components of the EffDi is still private, and is under development. I will release them around January 10. Mark your calendars!
BITSTAMP:BTCUSD
by Trader_ph
6
Warning: ETHUSD bear dump incoming!ETHUSD: Bear dump incoming! Hello traders! Today I will explain Ethereum with technical analysis why a bear dump is incoming! Do not forget to like and subscribe. Here are the bearish factors to take into account: 1. ⚠Elliot 5 wave completed, profit-taking and distribution taking place The Elliot 5-wave pattern has completed, signaling that the trend is mature already. We can also notice that there was relatively strong bearish volume at the top of 1780$. Lots of profit targets are around this area. Very bearish state. Never buy the top! 2. ⚠MA Channel break with a volume spike The MA channel was broken with decisive selling volume. This should alert of a possible reversal. 3. ⚠EffDi bearish Divergence, in line and dots! The Effective Divergence Indicator shows a divergence with price. While the price formed higher highs, EffDi made a lower high. This is very bearish. The EffDi histogram also had a down spike signaling the bear trend is coming. 4. ⚠Ethereum cycle: Beat BTC in terms of performance, then slack off We may all notice that ETH likes to perform better than BTCUSD in bull runs, then after, ETH selling takes place. Looking at the technical evidence above, ETH may be in the 'slack off' phase. This is very bearish. Ethereum is very overbought and buying a coin at the top is an illogical thing to do. However, we still need confirmation. We may wait for the EffDi line to breach the light blue line in the chart. Also, we may wait for the 0.236 Fib to break before entering the short. 😀Good luck guys! What are your opinions on Eth? Tell me in the comments. Do not forget to like and follow! 😀
BITSTAMP:ETHUSD
by Trader_ph
4
BTCUSD: Breakout! bull run incoming! Crypto Bull Market is here!BTCUSD: Next bull run incoming! Hello traders! Following the intraday peak at 38.8k, the price entered a pullback stage. Well, the pullback is no more! Today I will explain with TA BTCUSD. Do not forget to like and subscribe! After I predicted the reversal/pullback, I can confidently say that Bitcoin and almost all altcoins are for the big move. Here is my analysis. 1. Pullback with steadily decreasing volume, healthy As we all know, a genuine pullback only has decreasing volume. Our pullback has that trait, verifying our consolidation. This piece of evidence is for us not to say a downtrend is here. Interpretation of this will say that the bears still recognize the uptrend. 2. MA Channel Greenline breaks indicating new bullish thrust on the move Speaking of the consolidation, the MA Channel(MAC) broke the green line. if it holds after the next candle we are assured of a good breakout. 3. Effective Divergence Indicator in "transitional phase" The transitional phase is what I call the part where the EffDi is reversing. The EffDi main line had a breakout in its own consolidation. The EffDi line also gives a yellow(transitional) color. The EffDi dots hit a major Dots Support and resistance. This reinforced evidence gives us warning of a bull trend incoming. For additional confirmation, we can wait for the Dots to turn green. 4. Altcoins experiencing their breakouts already. Once BTCUSD does it we have a green crypto market short-term Altcoins like ADAUSD have already had a valid breakout. Bitcoin's turn is coming up. Get ready. 5. Fibs 0.236 and 0.382 Act as strong Support These Fibs serve like jump boosters and will influence price movement. 6. Fun Fact and Bullish Fact: Last time there was 3 red candles in a row was on Feb. 1 The last time 3 red candles in a row happened was on February 1, pretty far from now. Very bullish, the bears hadn't persisted well. 7. Solid candle on breakout: Bullish I will go direct here. A solid candle on breakouts tends to be strong. These are very bullish signals. Get ready for the crypto craze. As we have observed, Altcoins tend to move with BTCUSD regardless of %move except for some cases(e.g. recent doge pump, while BTC was dumping). Good luck crypto holders! Do not forget to like and subscribe for more. What do you think? Tell me in the comments below! Hopefull you enjoyed reading this post. Thank you!
BITSTAMP:BTCUSD
by Trader_ph
2
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
Attention:ADAUSD: BREAKOUT! to .50! Technical Analysis Hello traders! ADAUSD just broke it's consolidation. Get ready! Do not forget to like and follow. 1. ADAUSD hasn't had its big craze(e.g. XRP, DOGE) Alt coins have been taking crazy pills. For example the DOGE 800% increase. The breakout in the triangle of Cardano Indicates that the craze of ADAUSD has started. It is now ADA's turn. 2. Breakout of triangle with 500% volume! As we all know, a breakout must be accompanied by a volume spike. The breakout of ADAUSD had this factor, indicating the large presence of the bulls. 3. EffDi confirms breakout with Fib retracement 1.618 Plotting a Fib in the EffDi, we can notice that the EffDi line can't dive below the Fib 1.618. Very bullish, many bulls indeed. 4. "Buy on the dip": Price pullback to 0.38 line healthy The previous .38$ resistance now acts as support as price dipped until there. Low volume on pullback means that the ADA holders are not yet taking many profits. Bullish! 5. MA Channel to serve as spring The MA channel just acted as support, giving us confidence... that ADA boom is coming! 7. ADA's ATH will attract buyers and buyers An all time high usually makes headlines. This is a boost for our incoming up move! Get ready. All of that said, it makes ADA a must-coin to put into your watchlist. Get ready to see this stock craze! Good luck, traders! Do not to forget to like and follow for more crypto analysis! Indicator used: MA channel(MAC) by Jacob Bernstein, MA lengths modified by Trader_ph Effective Divergence Indicator(the dots not released yet) by Trader_ph
BINANCE:ADAUSD
by Trader_ph
2
BTCUSD: The big move is happening! Get ready!🐂 Hello traders! Today I will analyse BTCUSD with technical analysis, as why BTCUSD is ready for another bull run! Don't forget to smash the LIKE button and SUBSCRIBE button. BTCUSD a few days ago boomed to 37k in mere hours. However, many said this was a fake breakout. I say different. I will explain in the coming factors. Here: 1. EffDi Dots(Update, releasing soon) pullback on Inverse H&S neckline IN my last BTCUSD post, I called an Inverse H&S pattern in the EffDi. The EffDi dots(releasing soon) had a pullback on the neckline, timing the bottom of the price after the 37k move. 2. Plummet from 37k stopped by 33.3k support and MA channel The pullback from 37k was halted with the supports. We can interpret that the bulls have really arrived, and the 37k move was not a fake. The MA channel was touched 4 times as support in 2 days, indicating the strong presence of the bulls in the MA channel. 3. Mini consolidation in Inverse H&S of price Price has its own iH&S pattern. In the right shoulder, we have a mini triangle, essentially the Elliott Wave 2 of the trend. This indicates that the breakout to 37k isn't false. If it was false we would see a plummet all the way to 30k. 4. Down bars have blue(low) volume after 37k move The bears have recognized the break of the yellow trendline. Down bars were weak compared to the up bars in the Mini Consolidation. Bulls are positioning, and the big ones are accumulating. 5. IF ETHUSD breaks ATH, the crypto world will have a full bull move ETHUSD is considered by many to be the biggest cryptocurrency in the sense that it moves other cryptos. A break in the red resistance in the lower pane of the chart may make Bitcoin explode even more. Get ready! 6. IF yellow trendline breaks again, it may mark the start of a bull run The yellow trendline has halted all rallies since the start of January. The trendline however did not halt the 37k move, that is why it is very special. We just need another break and then we are all set. Definitely, bitcoin is in a new era of a bull run! Take these factors. Thank you for reading! Do not forget to like and follow. What do you think? Comment below, love to hear your opinion! Indicators used: MA Channel(MAC) by Trader Jacob Bernstein, best-selling author. MA periods modified by Trader_ph. VOlume Heatmap by xdecow. EffDI by Trader_ph. EffDi dots releasing soon, still testing.
BITSTAMP:BTCUSD
by Trader_ph
BTCUSD: Breakout is coming. Buckle up,surge to 40k! Hello traders! BTCUSD is on the verge of a BREAKOUT! Here is why. Don't forget to like and follow. Technical Analysis works almost all the time. With Technical analysis, I can forecast accurately that BTCUSD will surge to 40k. This isn't a horoscope consultation. This is a technical analysis: 1. Effective Divergence Indicator(name will change soon) early breakout of neckline of Reverse H&S A reverse H&S is the bullish counterpart of the H&S. The EffDi gives an early break of its own neckline of the Rev. H&S, with yellow(strong) volume to accompany it. 2. Price has own reverse H&S Price is on the verge of confirming its own H&S on the chart. This is very bullish, as if the neckline is broken there will be a boom. 3. Elliot Waves: 5 waves complete The Elliot 5-wave pattern is completed, thus saying that the downtrend has ended. Rocket high incoming 4. Bitcoin makes Higher High(HH), Ethereum makes Lower High(LH) Usually, as many noticed, Ethereum performs better than bitcoin in pumps. Well, BTCUSD made an HH, while Ethereum made an LH. Today's rally is different. 5. MA Channel broken easily, then used as support Briefly after the rally to the upper consolidation, Bitcoin plummeted to the MA channel, which acted as support. The MA channel now acts as true support for the first time. 6. BTC rally structure different from before If we observe, the recent rally looked like a parabola, with a steep increase. Lots of bulls were there, with the highest rally volume since 2 weeks ago. This means that the bulls finally finished hibernating. 7. Huge Wedge consolidation, quiet volume. Breakout will be like a spring A wedge has formed since 3 weeks ago, and very big, halting the scary rallies and dumps. But the current rally is diamond-strong this time. Bears backed out hurriedly. Taking these into account, it is likely that the next Bitcoin run is ready. With all the institutions gobbling up cryptocurrencies, Bitcoin is set to ride the rocket. Get ready, buckle your seatbelts! Good luck!
COINBASE:BTCUSD
by Trader_ph
3
AAVEUSDT: Ready for yet another run! Explained by Trader_phAAVEUSDT: Ready for yet another run! Explained by Trader_ph Hello traders! Today I will explain AAVE with Technical Analysis. Don't forget to like and subscribe my TradingView Account. Here is my analysis for AAVEUSDT: 1. bullish Breakout in Wedge-shaped pullback(Bullish) Breakout in the wedge is very strong. A Solid green candle with 4x more height compared to the last bar, breaks the upper boundary of the wedge with ease. 2. 5 bars before the breakout, triple supports treat as jump board for the price(bullish) There is a $240, a Moving Average Channel Support, and wedge lower boundary support. This served as a strong pusher to break the wedge. Very bullish, indeed. 3. Yellow(strong) volume bar on breakout bar(bullish) A yellow-colored bar on a breakout indicates a big number of participants in a bar. The breakout bar's volume was very strong. This indicates also that the bears have retreated away. 4. Light Blue(normal) bars indicate wedge is a healthy pullback A group of light blue/blue bars on a pullback is a sign that the wedge is a healthy pullback of the current bull trend. 5. Effective Divergence Indicator gives confirmation of the breakout The EffDi indicator that I invented broke its own downtrend. This is a confirmation that the breakout is very valid. 6. Mild pullback after breakout did not happen yet, likely pullback to Fib 0.236 The Fib 0.236 has been broken with ease as if it wasn't there. However, there was no pullback yet. We may have a pullback to the $255 of Fib 0.236 before continuation. 7. AAVEUSDT performing way better than BTCUSD If a cryptocurrency is performing about 5% better or more than Bitcoin, this cryptocurrency usually explodes if TA supports it. AAVEUSDT is one of them. Get ready! AAVEUSDT's TA gives us many bullish signals that we should take into account. Good luck AAVEUSDT! Forget not to like and subscribe for more posts like these? What pair do you want to be analyzed? Tell me in the comments! Indicators used: Volume Heatmap by Xdecow Moving Average Channel by trader_ph(private) Effective Divergence Indicator by trader_ph (open-source)
by Trader_ph
2
BTCUSD-The bear dump ends! Time to climb up to $36k ☼ Hello traders! Bitcoin recently had a dump. But well, that dump is no more! I will explain why with technical analysis. Don't forget to like this post, and follow for more! Here are my evaluations: 1. Strong 30k support halts bearish dump The 30k support is a remarkable one because it halted 3 sudden pullbacks, and it is also a psychological number. This one halted our recent dump. Definitely bullish. 2. High red volume bar indicates the end of the dump When I mean by a red bar, the volume is in remarkably high values. If we can notice, a red bar signals that there may be a change in direction. The red bars are highlighted in yellow highlight. We just had a red bar, indicating the end in the pullback, and a bullish reversal. 3. 14-Period RSI divergence with price Divergence in the RSI gives us a warning that the pullback isn't going to continue further. BTCUSD is very likely to have a bullish run. 4. after a pullback, the price always retraces to the orange trendline in the chart If we can observe, after the pullbacks, the price always had a run to the orange trendline. This is very bullish, as we may expect 35-37k being the price within the next 5 days. 5. A pullback lasts only up to 2 days 2 days only. Then number 4 above plays out. These are very bullish signals we should take into account. They determine the course of bitcoin. Bitcoin may reach 36k until another dump. Note that when price hits the orange trendline, we get an orange/yellow bar. Thanks for reading! ♠Do not forget to like and subscribe to my TradingView Account!♠ Cheers! P.S. The colored bars are from the Volume Heatmap indicator, from xdecow. Thank you for making this wonderful indicator.
BITSTAMP:BTCUSD
by Trader_ph
5
BTCUSD:Bears hesitant, bulls shine! Detailed Technical AnalysisHello traders! Recently, BTCUSD experienced a steep crash. But we all know that nothing lasts forever. Today I will explain with technical analysis the status of Bitcoin, the biggest cryptocurrency in the world. Bitcoin has been a little silent lately, but it is time that will change. Here are the points we need to know: 1. The lower band of the Moving Average Channel broken for the first time in 4 days The MA Channel's lower band, or the 100-period average of lows, has been broken by the bulls in 4 days, or nearly 100 1-hour bars. This bullish factor gives us clues of an impending bull run. If the 100-period average of highs(green in chart) is broken, then we have more confidence of the bull run taking place. Price and time will tell. 2. Symmetric Triangle Breakout The tiny symmetric triangle in the chart has been broken to the upside, with relatively strong volume. Twice the volume the bar before indicates that this triangle is valid, and will strengthen our chances of a bull run. 3. Fibonacci Retracement levels to watch The 0.382 Fib level or $32.2k served as the trampoline for the price today to climb to 33k in a few hours. We may expect the price to pullback for a while to this 0.382 Fib, then we may fly. The next resistance is the 33.3k level. We may not expect a large presence of bears in the area, because of another major resistance(number 4). 4. $34k resistance level hardest barrier for the bull run The 34k resistance(lime horizontal line in chart) has served as support and resistance all the way to the first days of 2021. We may see a large number of bears in the area. If the bulls win the battle, we may see a strong bull run all the way to 36k. 5. Retest of 30k may not take place because of the breakout of the symmetric triangle There are already many supports above the 30k support. There is a 0.382 Fib line and a symmetric triangle for immediate support. 6. Huge purple trendline highest target The huge purple trendline above may be touched in about 30-50 hours. Because this trendline holds 2 tops which made a panic dump, this trendline will be almost impossible to break, unless we have a big number of bulls there, which may be unlikely. 7. Looking at the bigger picture, we are in a consolidation area Zooming out of the chart, we will notice a big consolidation. We would have to wait for a breakout to see which direction we are going. Now, let us have a look at Bitcoin. Bullish, Bearish, or Sideways? Daily- Sideways, we are in a consolidation Weekly- Little Bullish 4 Hour- Slightly Bullish 1 Hour- Up Trend with a not-so-impressive look, but still good enough Monthly- Slightly Bullish Conclusion: I would like to say that BTCUSD is a good buy. You most likely heard the saying "buy the dip". The dip has ended, according to Technical Analysis. Bitcoin would be good crypto to buy in the short-term. Good luck! Thank you for reading! Please like and subscribe for more detailed Technical Analysis. What do you think? Put in the comments below! P.S what pair do you want analyzed? The pair with the most likes in the comments below will get a detailed technical analysis.
BITSTAMP:BTCUSD
by Trader_ph
8
LINK: ♣Cup and handle pattern complete! Chainlink season!♣Hello traders! While Bitcoin has been a little silent lately, LINK has been exploding with tremendous bullish force. Here are the top key points and evaluations you should take note: 1. Cup and Handle pattern complete The famous cup and handle pattern, which looks like a cup(of course) just completed. The break on $19.8 or on the top of the cup was very decisive, with a red volume bar, or exceptional volume. Price recently had a pullback on 19.8 and the bulls won. 2. Moving Average channel supported recent pullback The channel prevented the recent pullback from going further, along with $19.8 support. This gives us confidence that the bull trend is valid and strong. 3. Bullish Channel Formed. Very steep, may breakdown Price is in a yellow channel on the right of the chart above. This channel is very steep, about 75º steepness. We can expect this channel to be broken easily soon. But this break will not mean the end of the LINK bullishness. 4. Fibonacci resistances to watch We should watch 1.414 as it is the next immediate Fib resistance. We can expect some bears there. 1.618 Fib is the next resistance after. The 1.272 Fib recently broke, and we may see an intraday pullback to that level before we continue our bull run. 5. AKEI(private indicator, releasing soon) validates breakout Average Kinetic Energy Indicator, or AKEI(releasing soon) validates our breakout. The AKEI measures the power of each bar in relevance to the volume(more on AKEI when released) The AKEI confirms our breakout because of the power of the volume in relevance. 6. $32 price within 5 days With the news and fundamentals going on with Chainlink, we may see some huge upmove compared to the other altcoins. $32 dollars is an ideal price because of the 2.000 Fib Retracement line. We may see a Chainlink Season: Part One here. Just make sure to enjoy the movie. 7. Fresh Uptrend for Chainlink A fresh uptrend will gather many buyers for sure. After the pullback to $20, we will expect a zoom upwards. These are bullish influencers that we should take into account. We may see Chainlink explode, but one last thing. Generally, Bitcoin influences the prices of the altcoins, so if Bitcoin crashes, altcoins would most likely crash. As of this writing, Bitcoin finished it's pullback, so we can see a bullish climb in our altcoins. Chainlink will explode up. Good luck! Thanks for reading, guys! ♠Do not forget to like and subscribe to my TradingView Account!♠ Cheers! P.S. about AKEI. I will release it in February. It is still under development. Please be patient for the release of this indicator. Thank you!
COINBASE:LINKUSD
by Trader_ph
4
Bitcoin bear rally is really different this time! ♫♪oh no!♪♫ As many of you observed, the Bitcoin price usually as of 2021 always makes a quick 2-6 hour dump, then just pulls back up. This pullback is really different... ♪ oh no ♪ Recently, we can see in the chart price making a near 2-week low. It also contested the very strong green line that held 2 scary pullbacks. Well, this pullback is very different. Although at first glance the bear dump is weak because of low volume, it is very strong when we closely analyze the chart. The dump's volume was strong compared to the minor pullbacks in the yellow highlights in the chart. Also, volume reached a 9-day high, from the last pullback from 42k. The Moving Average Channel composed of 200MA of the high and low has also been decisively broken! This channel prevented the pullbacks of January 11 and January 4 from going past it. But the recent dump broke it with ease. To verify the breakdown, price had a pullback to the channel, and the bears won. The channel also explained why the previous dumps in yellow highlight barely broke the channel. This dump is also more powerful because of a prior consolidation, a symmetric triangle. A yellow dump (which I mean by the yellow in the volume heatmap) in a consolidation catches more attention. In the Effective Divergence Indicator that I made, the purple support/resistance line in the chart is now a resistance, as there was an attempted pullback which failed. Lastly, I would also like to point out that there is a bearish channel forming, made by the orange and red lines in the chart. This bearish channel is strong until it is broken. Get ready for a slow but steady dump in Bitcoin. Get ready! It is coming! The dump will start. Many bearish signs give us confidence that a dump is starting. Good luck! What do you think? Leave a comment below ! Also smash that like button and change that "Follow" to "Following" . Thank you! Cheers!
BITSTAMP:BTCUSD
by Trader_ph
2