I continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy. Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up. Also, if you follow the social metric, you know that creators of the crypto content are struggling to get...
VET/USD very quick update. Here is a closer look at this VET/USD 1 day chart: VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle. At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud. At the moment of typing this, VeChain is still...
$BTC Is a bitcoin dump imminent? US government moves $1 billion worth of confiscated bitcoin from Silk Road to Coinbase/
If inflation will stay put and BTC price will break 200MA, the price can easily go to 28k according to VPVR. Of course this is short term movement and I'm not passionate about making trades, only investing. This is not best time for accumulation for me. I accumulated much lower and I'll be interested unde 20k to accumulate more. Please check my indicators and the...
This is a sequel to my previous idea . As we predicted, BTC substantially formed a bearish seahorse pattern, which induced a sharp drop already matching a roughly 1.5 BC extension from point D. I expect a bearish dragon follows next. The target is 0.786 retracement from the top to the "tail" (point X) of the sea horse, which is approximately the 21200-21250...
⚠️ From now on, the price enters a dangerous zone. 📈 The SMI (Stochastic Momentum Index) signals an overbought region. ⌛ Waiting for a sign of weakness in the current bullish move to go short.
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us. BTC is still in a massive Falling Wedge Pattern. BTC is also still in a massive Ichimoku Y-Wave pattern. Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe. At the moment of typing...
Using Sine-waves, we can clearly see that BTC/USD has followed a Cycle Pattern of 8-Bars so around 1461 days to achieve a new maximum ATH Candles before a cycle back downwards. Note that each half cycle is between 730-731 days. If this cycle pattern is correct, we can expect the next maximum BTC ALL TIME HIGH to be achieved anywhere around the 6 Month Candle...
S&P500 1 Day Chart: Short Price Target V Calculation Negative V = B - (C-B) = D C $4,102 - B $3,491 = $611 B $3,491 - (C-B) $611 = $2,880 Price Target Ichimoku Timespan: A to B = 41-Bars (42-1) B to C = 34-Bars (33+1) C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023 Notes: The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to...
Here is a closer look at this ADA/USD 1d chart. Just like BTC, ADA is still in its massive Falling Wedge Pattern. Here is a closer look at the Average Directional Index (ADX DI). Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price...
Quick BTC/USD 1D chart update. A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K. V Calculation (Negative) V= B-(C-B) = D C $25,160 - B $17,538 = $7,622 B $17,538 - (C-B) $7,622 = $9,916 Note that the above calculation is from the 1M Chart but i have added it onto...
BTC/USD is still in a massive Ichimoku W Wave Pattern. BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern. BTC is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun...
Let’s have another quick look at the VET/USD 1w chart. Here is a closer look at this 1w chart. VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul...
TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower...
Im learning to TA, please dont judge me. Looking into data from when selloff started in April and MCB wave started to roll down and second point, when MCB showing the bottom in June, pulled two separate VPVR for those ranges. Pulled Fibb retrace. Long time frame VPVR is in confluence with deep retrace by Fibb at $0.165 Short TF VPVR lowest volume is near 0.5...
KNCUSD 6h-12h Pulled some VPVR from different TF, and Fibb retrace, looks like 1.7 is good spot. KNC has great volatility and Id totally expect deep retrace on that coins with very weak R/S in the middle. Would it be strong bull run, I might believe into shallow pullback, or GP in the best case. Looking at the chart and seeing zig-zags, swings are not rusty to go...
PEOPLEUSD 6h... BBWP expansion started South. Its at the volume profile center line, and going down to VPVR lowest point in confluence with Fibb GP - golden pocket. I will expect bounce from that area. My long didnt play, took 10% earlier and SL in few % profit... not much but was safe. Not shorting here, while it can bounce and eat shorts, better to follow the...
I think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the...