LONG on $ICPSorry the chart is a bit messy. - Not a lot of data here so far.
AI Signals on the short term buy for a 15m timeframe shows long: We still have gaps to fill on the VPVR to reach a unimodal distribution, currently showing a bimodal distribution and those gaps need to be filled.
One second derivative is hit on the VWAP we will go flying sky-high.
The
@dfinity
Foundation currently has nearly 100,000 academic citations and 200 patents.
+ Dfinity is one of crypto’s most well-funded and publicized projects
+ Mainnet launched May 7, token is slated to launch May 10
+ It has raised the most non-frozen funds at $160m to date
- Via Messari
Get your astronaut suits on and get ready for a big launch while this thing flips Ethereum .
Vpvr
Stacked ResistancesGME Currently below Both Supply Zone/Volume Resistance, downwards trendline and below fib extension resistance
Risk:Reward leans towards being bearish, even though I'm rooting for the mother of all squeezes to come.
Bought Puts. Strangle wasn't really worth it, calls are way too expensive in my humble opinion.
FTTUSDT will be able to correct up to 0.382 of this movement!?Technical analysis regarding the price of FTX TOKEN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
BTCUSD Potential Triple Top Forming.It appears BTCUSD could be setting up for a Triple Top formation over the weekend. Several confluences at times could be random but BTC has always been respectful of things such as Fib and Pi so there is not allot of random in the big picture. Some interesting confluence stats, from the ATH on Feb 21 to the blue line is exactly...21 bars, intersection of significant level at 57,000 and trend line is on April 1 and VPVR max volume intersects trend line just south of psychological 50,000 level. Be aware of a drop down to the 49,000 range where the bullseye is. This is where the Volume Profile Visible Range red line and ascending trend line cross. If you don't think this could happen, look to the left at 22 Feb. This 49,000 level is highly significant for the amount of buyers and volume as evidenced by the indicator to the right and BTC can't resist retracing back to volume . The air is pretty thin at the 57,000 altitude as you can see so a drop to pick up some liquidity is reasonable. Except for scalping, the area between the green and yellow lines should be a no trade zone at least for the next several days until BTC shows a trend lower or a confirmed break with 2 bullish candle close above ATH or wait for a retest. Happy trading and hope y'all have a wonderful, prosperous weekend. Trade safe friends...
Digging Deep XLM/BTC #Stellar #XLM $XLM Here we see our XLM Btc 1 hour chart on Binance . As you see we have dipped way down here into the 700 area. We have hit another TD Sequential 9 in red here and should really see a turnaround come soon . I'd wait for confirmation but a target above us seems to be 836 - which would be that red line above us. That's part of our VPVR indicator and the red line is an area of confluence and should be a target above us where we will be going at some point. I still think there is a large Cup and Handle structure forming on this XLM chart on the higher timeframes but here we see the chart is bottomed out . When this finally turns up the targets above should be our fibs which are =
1926 - that's our .236 fib
2862 - that's our .382 fib
3619 - that's our .5 fib
4375 - that's our .618 fib
4939 - that's our .786 fib
there may be a pullback somewhere near 37xx since that could be the lip of the cup - but Xlm can see returns to All Time Highs this year . Thank you.
Anticipation ... VRA/BTC #Verasity #VRA $VRAHere we see our VRA BTC daily chart from Kucoin. RIght on track our light blue 50 MA is going to cross up into our dark blue 200 MA . That's the Golden Cross we've been talking about. I'll link the related chart below . This is still very Bullish for our chart and as you see we wicked up to touch that red line ( that's the VPVR indicator .) If Altseason is starting then what are the possible targets here for VRA ? Well , our fibs could be the targets and next one above us is this :
4827 - that's our .236 fib
7728 - that's our .382 fib
10072 - that's our .5 fib
12416 - that's our .618 fib
Let's see how this does in 2021 - thank you for reading !
Is CCIV Ready to explode? Welcome back traders, it has been a while. We will dive deep into CCIV across multiple timeframes, and hopefully make sense of this. Please read the disclosure below. So many YouTube influencers (ZipTrader has been one of my favorites lately) have already explained why this sold off so viscously, so that won't be covered here (you should definitely check it out if you do not understand this already.)
Our cover chart today displays weekly candles, and it tells us plenty. From 2/16/21-present, we have watched the RSI drop from 99.5 to 52.18. In other words, the SPAC media-hype bubble finally popped. This is very common with SPAC plays. The February highs were unsustainable, and the profits were taken. I cannot iterate enough that this is so normal with SPAC plays, the gut-wrenching selloffs certainly are not for everyone (okay, my panic sell rant is over.) Our Fib Retracement from high to low gives us a .236 level of $22.95, and weekly candles above this level will likely indicate a reversal of this downtrend.
The Daily chart gives us so much more guidance. We are seeing support from the 65D Simple Moving Average (SMA), and stagnation between the 65SMA and 50 SMA. Although it is too early to tell currently, this very well could be the accumulation period prior to the break out. Also, the T3-CCI indicator has transitioned from decreasing to increasing, which is a bullish sign. With an RSI of 39.97, this is arguably oversold (many analysts want an RSI under 30, but given the volatility, it will almost definitely not be a perfect TA fit.) Lastly with this chart, the 9 SMA is decreasing less since March 5, which could be indicative of a reversal as well.
CCIV really starts to shape up on the 12h chart above. The Bollinger Band Squeeze is beginning, which can indicate a big price move either way. The Visible Range shows us three high volume nodes, which I will be monitoring heavily as potential price targets. The 9 SMA is at $23.77, which we need to watch closely as a support/resistance level over the next couple days. Additionally, we are seeing early convergence on the MACD, which is a bullish sign.
Lastly, we have the 4h chart, and we saved the best for last! We see the early start of an inverse H+S pattern with a base at $32.57, displayed above. Although we are very very early in this pattern, this would indicate a MASSIVE MOVE that could easily 2x from current prices, according to this pattern (this is not trading advice.) On the 4h chart, we can see more precision, within our BB squeeze, with volume, and possible accumulation, compared to our higher timeframe charts.
Conclusions
As we wrap it up, I would like to thank everyone for reading, I welcome your feedback. It is important to understand this is a bullish prerogative, and the ideas presented above are very early in their formation, which leads to increased risk now, as opposed to waiting for confirmation/validation. If I am wrong and these levels break, we could see lows around $17-$18. I think many analysts will agree that prices below these levels would be odd unless we see further market crashes or significant production setbacks. I hope this is helpful, please read the disclosure below and good luck traders!
Disclaimer
This is neither trading advice, nor financial advice! These are merely my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any loss or damages.
Pitchforks Ready BAT/BTC #basicattentiontoken $BAT #BAT Here we see our BAT BTC weekly chart from Binance . You can see BAT had a massive downside here from last summer. But it's recovering nicely and looks great for upside . You see we have drawn a large pitchfork indicator on this chart and it seems to fit. The top of that first pitchfork line up seems to be near 2600 and that also is where you see that long red line . That's an indicator called a VPVR and there's an obvious area of confluence near 2598 , so this appears to be a target in the near future. You can see our first target area - it's where the black arrow is pointing . The target above that appears to be the .382 fib near 3687 . Above that is our middle pitchfork line near 4600 . Above that is very bullish and targets would be
5859 - that's our .618 fib
6669 - that's our .706 fib
7405 - that's our .786 fib
8700 - that's the top of the pitchfork end of year 2021
thank you for having a look ! And fyi this is technically a Schiff pitchfork , it's one of the free indicators in your left side panel on Trading View.
Ford Motor Co OPTION CALL $15 Sep 17 '21Ford Motor Co OPTION CALL $15 Sep
What a recovery! While it's parabolic nature, I do believe it has enough upward momentum to reach my listed target.
VOLUME PROFILE (VPVR)
1. The pink Point of Control line (POC) at around $9 is where we find the highest trading volume. Make's sense! This is where we see our COVID sell off and initial resistance before the mega candle teleported us to $11.60's.
2. Volume Area (VA) is centered to the Y-Axis and our chart (Magenta/Blue area). Mmm...this suggests consolidation; however, our target price and Fibonacci range falls within this region. Which brings me to the next section:
FIBONACCI RETRACEMENT
The fib lines are where I start to gain trading confidence.
1. The first fib line @ .382 brings us to the POC line and first major resistance in Ford's recovery phase. Important to note that if price falls back here-which I find unlikely in the short term-we will probably head down to goblin town
2. The .5 region, which really isn't a fib ratio was torn through by a mega candle and ultimately settled as a local support region. If price were to pull back, $11.00 is the region I'd buy (well, if it closed above $11 on the daily)
3. The .618 region is where things get sporty. Pushing through the mid $12 range and holding support above the .618 should give us a free ride to the .786 and ultimately our $15 strike
THE RESISTANCE
I expect some push back at the two pink, dotted, horizontal lines. There will be selling pressure at these points as seen with recent attempts to push through $12.00. Failure to do so will bring us down support levels of $11.00 (Fib .5).
Spot bids @ current price ($11.60) and $11 would be good entry points IMO.
Let me know what you think
Bitcoin Monday SurpriseBitcoin unexpectedly lost more than 10% in price over this correction. But there was no sign of any major distribution. Huge volumes were accumulated around 47k and price bounced back from this level. This was merely a stop hunt for longs and all volumes sold were bought aggressively.
We should watch for trend line. In case it doesn't hold BTC, we might see a drop to 38k. But most likely BTC will make a new ATH after this small correction as sometimes it is fruitful for market growth to accumulate shorts which act as fuel for growth.
datalize.org
You Can Do It ! VRA/BTC #Verasity #VRA $VRAHere we see our 1 day VRA BTC chart on Kucoin .You can see VRA is already inside the Daily Ichimoku Cloud and gone to the top of it . Now there seems to be some slight retrace and we will probably have consolidation and eventually we will break up out of this Cloud . When though ? Well you see that blue rocket ship on my chart ? That is approximately where our Golden Cross might happen - looks to be in March sometime, so fairly soon. What is a Golden Cross ? It's a very good Bullish event in which our light blue 50 MA line will cross up and through our dark blue 200 MA line . That's the 50 week moving average and the 200 week moving average.Looks like this is going to be a Golden Cross happening , and fairly soon. The black arrow is pointing towards where our light blue 50 MA line should start moving up .This will take us higher . We are sitting near 5 sats right now. I still feel one target above is 9.17 sats as that's an area of confluence on our VPVR indicator. Also above us at the .236 fib line is another target near 48.27 sats ! That's almost 10 times up from where VRA is right now ! A 10x move would be great for the Verasity Community. Have a great day everyone .
Looking Up ! VRA/BTC #verasity $VRA #vraHere we see our VRA Btc daily chart on Kucoin ( it's not on Binance yet . ) See that pink arrow pointing up ? That's pointing at a Kumo Twist that is happening right now on the daily chart . This is very bullish and looks like a target above us could be 917 which is where that red line is. That's an indicator called the VPVR and shows some obvious confluence near 917 so I would think we are going there soon . Also anytime an Ichimoku Cloud twists up into a green cloud that is a Kumo Breakout and it's definitely a good thing . Verasity could do very well this year .
Gap at 41000 in BTC Volume ProfileAfter bitcoin gets past 50k, I think it might spike up and then sell off back into the gap at 41000, there's not a lot of volume at those levels.
There are a couple of shelves along the way to 50k to fall back on, but I think we may get lucky with a buy limit order below that.
It may present a buying opportunity. Or not, Bitcoin may just end up continue higher for some time until people decide it's worth cashing out.
Twist Off ! BAT/BTC $BAT #bat #basicattentiontokenHere we see our BAT Btc daily chart from Bittrex . You see that red arrow on my chart ? That's pointing toward an obvious Kumo Twist that seems like it will happen soon. This is extremely bullish and our chart looks good to go up probably to at least 2400 or 2500 near term because our Weekly chart ( not shown ) has a VPVR red line indicator on that area . Probably we are going there . As you can see we are already inside the Ichimoku cloud - this is bullish for continuation on higher timeframes too . I'll do more BAT charts on higher timeframes soon also . So happy to see that Kumo Twist forming here ! Possible BAT targets above us are :
the .50 fib near 4773
the .618 fib near 5860
the .706 fib at 6669
possible higher targets after that but let's see where this goes .
Flying High ? FET/BTC target #fetchai $FET Here we see our weekly FET BTC chart from Kucoin . You'll notice that black arrow on my chart ? Pointing up towards the blue and yellow lines ? Those blue and yellow lines are an Indicator called the VPVR . And it's showing an area of confluence around that red line which is 5805 sats . That's almost twelve times up from where we are now near 500 sats ! It is not guaranteed, but 5805 on our VPVR indicator could definitely be a target for FET longer term .I don't expect this to happen tomorrow obviously but FET looks quite good for the whole year and there will be targets above 5805 also . But that could come later. You'll notice our .706 fib is also right above this area at 5967 . So this area appears to be a target area for FET and is definitely an area to watch . Keep in mind that there can be up and down along the way .
Battle Planning: What if Bitcoin Double Tops?The trend has obviously been up and bullish but the chance of a double top remains real until it has passed. There have been many times over my trading career where I did both a bullish and bearish scenario "just in case" and was biased in the wrong direction for my initial position. Sometimes I did a good job switching my trades and some times not. But really, having a plan either way is good and knowing what will trigger deliberate action is very good.
Personally I have closed my margin long positions on link end eth while I watch this develop and I have taken a small ethusd short that should keep my account balance roughly flat no matter which way the market goes. Additionally you see the X I like to use on a lot of price action to see trend lines flipping support and resistance.
Null Hypothesis
The long term trend continues and price action keeps going up. My ETHUSD short keeps my account stable in USD terms and I close the trade and look for margin long entries.
Scenario 1
Price action dips to the black trend line some 20% and support is found with volume. This sets up BTC to go to new all time high and when I close my ETHUSD short and shovel the usd into my prefered alts.
Scenario 2
Price breaks the black trend line. I add to my ETHUSD short and plan to close in the target area around the previous ATH. The target is set by two critera: the hight of the valley between the peaks of the double top as shown by the black line, and the area of activity prior to the break out. That purble zone contains the top of the value area on the VPVR and in intense bull markets the price action retests this area constantly.
Scenario 3
Price goes sideways. Least likely off all scenarios.
Long term Concerns
The chart below is BTCUSD with my long term top indicators. The Bitcoin Log Growth Curves are divided into sub-channels and I find the activity around the midline (76.39 and 38.20%) play a special role as support and resistance as levels and as a zone. A break of this double top would take us very probably to the 23.61% level at about $22.3k
Second concern is the Pi cycle. This is suppose to call the tops on the daily chart and some tinkering shows it does this on several assets besides bitcoin and there are some decent signals for local tops. Below we can see on the 3 day chart it predicted an area of consolidation for BTC and on XPRUSD it nearly predicted the first ATH in 2017 and did call the high in the beginning of 2018. With the signal flashing on the above chart on the weekly this might be tagging a local high. Of course this is not the intended use of the indicator but it is still something scratching at the back of my head.
My final long term concern is the Net Value Transactions with these ribbons to provide easy to read detail. The only time we have enough chart history before to look at on the weekly chart that had the NVT pop out the top of the red ribbon was before the great dump of 2017 with our Christmas and New Years massacre. Being out of the ribbon is concerning enough, but there is a real probability that the NVT turns back to yellow and we dump in a big way.
It sounds cataclysmic but that has to be part of the battle plan because it is a big signal used by the heavy hitters. And the fact remains that on the daily, 3d and weekly every time the NVT has crossed the barrier from red to yellow we have traded lower. Lots of people don't like calls like "it might go up, and it might go down" but trying to forecast how it might go up or down is what we are trying to do.
ETHBTC More on the Inverted head and shouldersMy Exhortation
A few more people are talking publicly about this inverted head and shoulders, which is good. The fact that it hasn't taken over some of the crytpto-verse is a bit unusual considering how recognizable the formation is and how quick ideas can get around these days. Please, do you own analysis and if you agree or disagree post an idea to get the conversation going. I have seen a lot of ideas or youtubers mention specific parts of it but few are talking about this big picture. I have been going on about it privately since early December and publicly since the week of Christmas. Generate some ideas. This should go around like the BARR bottom on BTCUSD in April 2019 so we can all make some money (not financial advice)
Analysis
A new addition to my posts on the inverted head and shoulders is including the 50 and 200 week SMAs onto the chart by using the cm_ultimate to get it on the daily chart. Price action initially stalled and pulled back after coming out of the falling wedge like a beast on pre-workout. We have finally seen price action pop above and now the question is how far will it run before it needs a retest of the 200 week, or will it even need a retest of the 200 week?
Some basic analysis of the VPVR has a low volume node between 0.44 and a high volume node around 0.0500. This LVN is where I would expect a quick movement and consolidation would happen at the HVN. I would expect this to be a relatively quick consolidation compared to the longer consolidation I expect to happen at the green area at the next low volume node. The green area is where we can no longer count on the inverted head and shoulders for target setting with some leeway for under and over performance.
Below is a wider view and what happened the last time there was a similar situation on ETHBTC. This time the 50 and 200 period SMAs match the chart on the 3 day which gives us a good intra-week view. I also like what I see on the Average True Range confirming that a low is in.
Timing-wise I don't know how long the price action will consolidate on top of the 200 week and I don't know how long we will be at this high volume nodes. What I do suspect is we will have a golden cross on the weekly in less time than it took us to have the death cross and then the valley on the 50 week SMA. Maybe six months.
Conclusion
This is a major move. I mentioned the BARR post that took over the crypto-verse in April 2019. My first linked idea was a reminder I did when the crypto-vese moved on and people forgot about the long term moves and they were back to the 4 hour chart. This inverted head and shoulders make still take over six months to reach target and you can get blow out either way with poor risk management. I myself didn't make anywhere as near as enough money as I could because I closed my longs too soon and that was a major lesson for me to see the bigger picture as I trade and invest. Letting your winners run is a very hard lesson to learn. You can have whatever strategy you want but my bias is toward ETH and other premier alts over bitcoin until this formation plays itself out.
ADA - Show us your POCBefore everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed out, to buy back in at a cheaper price. Although for some reason, most people feel comfortable buying BTC $42K the they do at $31K, absolutely crazy 🤯. First and foremost let’s look at the daily chart, ADA is still in a longterm uptrend, and will be unless it breaks through its Leading Span B (Senkou Span B) Cloud (Kumo) Support and into the Bearish Zone along with the Lagging Span (Chikou Span). Obviously this all depends on if you are a scalper, day trader, short-term, mid-term, longterm or just Hodl-ing for the next 5 years because this will all be dependant on what your timeframe of choice & whether or not you believe in the Ichimoku Cloud system. The RSI is indicating we are out of the Overbought area and we still have room to drop, although that’s no indication we will drop. The ADX DI SMA is indicating we are still in a longterm uptrend because the -DI (Red Line) has yet to cross over the +DI (Green Line) which would indicating a downtrend on the daily. The ADX (Yellow Line) is at 45 indicating a strong trend but we have fallen under the 10 period SMA (White Line) which is at 52, so we need that to reverse for renewed strength. A key point to look out for is if this daily candle closes above its Bollinger Bands Midpoint basis, if that happens then i’m getting the Kleenex out. Notice that we have a new developing POC (Point of Control) at around $0.31, so that is something to keep your good eye on especially if the buyers out weigh the sellers. If ADA does dip further, i cannot see it dipping past its Base Line (Kijun Sen) Support and certainly not past its 50EMA on the daily. Well, maybe if BTC shits the bed down to £10K 😅. Obviously its best to check earlier timeframes to get a sense of what’s happening there and what may happen on the daily. Once this daily candle closes, and also where it closes, we’ll have a much better idea of what to expect. I hope this is helpful 👍