Wall
BTC 3rd Down Conversion (sorry!)..and before I get an earful - I TRULY dislike American football.
HOWEVER... a 3rd down conversion is a pretty damn good analogy of the buy walls that are put into place that carry the price action across a downtrend into bull turf.
Ever notice those? Whereas we may expect price to simply bounce down off of the downtrend, someone, or somewhale, puts up a formidable buy wall.
This is not the typical bluff buy/sell wall, and we can see this because the wall is very close to the price action. Fake walls/bluffs usually don't come within 1% of the price action without disappearing.
This happened on Binance the last bull run we had when we got up to ~8500.
Keep an eye out on the Binance BTCUSDT depth charts for the real buy walls! Probably good for at least 12%, if the price makes it across the downtrend.
Presently - roughly 36-72 hours away from the downtrend - there is a real 300-400 BTC buy wall.
There is also a bluff 400-500 BTC sell wall around 7500. Or at least, I'm betting it is a bluff just to shake out some supply.
*note - this is a SHORT TERM prediction.
Cheers!
-B
(Don't trade on my advice. I only give good advice to my pet fish. You can fend for yourself.)
What do (((they))) want?Very short TF, just looking at levels at where whalechad was filling up his hidden orders on the 15th on BitFinex. (Green lines)
Absorbed a lot of BTC and not sure what to make of this; seems like a bad idea to accumulate this way. Some possible scenarios:
-Wash trading by selling into their own hidden walls with other people's shorts too (maybe) <<<
-Whalechad pressuring shorters trying to defend their positions on margin (look at BTCUSD SHORTS -- quite squeezable) to gauge response. <<<
-Filling up shorts by propping price? seems like a bad idea given how much btc was absorbed
The question is whether this is accumulation or distribution: I'm personally leaning towards accumulation given the current levels at yearly lows. While I don't think we're at a true bullish reversal of BTC or at the bottom of this bear market, playing the upside seems to be a better bet. I personally find the first 2 scenarios more likely.
My position is currently slightly net short on bitmex with multiple call options on deribit, with further orders down to 6100 that if filled, will result in being net long on both bitmex and deribit. Invalidation point will likely be 5800~5900 for longs.
BELACOIN ideaGood day, everyone. Belacoin hit 0.236 fib level and now is sitting on the bottom line of the 2nd arc pair. If it can bounce to 6500 then it can be a breakout. Have bullish divergence on stoch and the buy wall on polo is looking pretty good right now, so we can have a good pump when BTC stabilizes.
Double Top on Freddie Mac preferredsOn this wide time scale, it is easy to see a classic U-shaped Double Top formation (Naked Forex), which often precedes downward price action.
This pattern plays out like a carbon copy on FMCCP, FMCCT, FMCKI, & FMCKP.
Those seeking to enter into a long-term long position in the Freddie Mac family of CMN and PFD stocks that have not already done so should consider waiting until the move has played out such that they can purchase at a discount.
DOW JONES OVERVIEW: WMT @ MACRO UNCERTAINTY, AT SHORT TERM RISK For WallMart stocks, 2015 was not a good year so far...
Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 69 and is now between it and 10-year mean at 60. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this company.
On short term basis WMT is on a risk of further decline, as it is trades below 1st st deviation from mean.
The short term level is above 5 year mean, so as long as price will be trading below 69, it risks to fall onto the 10-year mean at 60
Last 2 years' ComparisonPerformance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order.
Should be self-explanatory. I would be interested in any educated conclusions.