STILL BULLISH 2019! LONG TERM CHART OF BTC! RELAX, I HAVE PROOF!Hello everyone! I have a fresh, juicy idea straight from the trees, its even greater than all my previous posts put together, and I mean it. However, I agree its tiresome to read, and I don't want every post to be like this, but this one is an exception because I have something really important to say.
As you know I have a habit of writing very long posts, I have too many thoughts in my mind, and I usually jam them all into 1 post, which is not good for you guys, so what I'll do in the future is write each idea separately and focus straight to the point.
This post will be looking at the entire history of BTC, from start to finish. We'll be looking at this chart from a birds eye view to truly understand the big picture of BTC. The future is bright and awaits us with many more phenomenal things to come, its exciting times, I can't stress that enough.
TECHNICAL POINTS
For reference, here's the legend for my chart:
Blue lines = Long term support & resistance
Pink lines = Short term support & resistance
Green patch = Bull market
Red patch = Bear market
Grey patch = Consolidation phase
Purple dotted line = BTC halvings
Black line = DNM Support
What you're seeing is a long term chart of BTC, I changed the view to log instead of auto, with this change we can clearly see that there is a massive yet gradual uptrend. We're bouncing off trend line supports and resistances on the weekly, the entire chart is going on an uptrend. If you look at the RSI, its telling us the same exact story. I don't see anything going to 0 here.
It can only go up, there's literally no indicator saying that we're heading down, this is why I'm extremely confident, if anyone tells you otherwise, ask them for proof, which they probably don't have, because they're most likely "when moon lambo kids" who don't understand a thing about markets. I'm not saying I'm 100% right, but if you disagree with me, then by all means feel free to challenge my idea, I'm always open to a civilised conversation, write what you guys think in the comments.
MARKET CYCLES
The entire history of BTC looks astounding, and it only gets better from here. If you just look at the chart, you can see patterns that are very repetitive and predicatable, in a very good way. What you're seeing is just the beginning of BTC.
Just like any market, BTC goes through cycles, we're currently on the 4th cycle, and its going to do the same thing as before. You see, every cycle goes through 3 stages, the grey stage, green stage, and red stage.
If you look at very start of the chart, BTC starts off as grey, which is known as the consolidation stage, its going through a build up moment. After the grey stage, the price gradually goes up, and transitions to the green stage, thus starting a bull run.
Once it reaches an all time high, it will create a resistance. The price will then pull back, cooling down from ATH and then begin its next phase, the bear market, also known as the red stage. The red stage is the end of every cycle.
So it goes grey, green, and red, and it repeats itself in that sequence, just like traffic lights, think of the market cycles as traffic lights. Its done the same thing 3 times in the past 10 years, we're currently in the 4th cycle as mentioned previously.
As of today, we're still in the grey stage, and according to my calculations, the grey stage will end at around October, Q4. Once October ends, we will see new highs, the market sentiment will change and we'll see a bull market emerging, this is the proof I'm talking about. You have to ask yourself, name me one bear market that wasn't followed by a bull market?
FUNDAMENTAL POINTS
To spice up my analysis, I'm going to talk about the fundamental side of things. You see, the purple dotted lines in the chart shows the date of the BTC halvings, every time there's a halving, a bull run triggers, fundamentally. Mining rewards get halved every 4 years, that means supply becomes low and scarce, causing the demand to increase, when demand increases, price increases. The coin is hard coded in the system to make itself explode every 4 years.
There's one more fundamental point I want to make, its about the black line. Now, say what you want about bitcoin but what I'm about to tell you is a hard cold fact, there's no denying this. BTC's history is infamous. Cyber criminals used BTC to buy and sell drugs, as well as other illegal goods and services back in the early days of silk road, and is still being used to this very day except operated with a different marketplace. With that said, 5% of the total market cap of BTC is used for the dark net markets. BTC's dominance is currently $93,639,254,464, and 5% of that is $4,681,962,723, if you divide that by the circulating supply, you get 5% of the current price.
For reference, Here's my formula:
(BTC Dominance * 0.05) / (Circulating Supply) = Price of BTC in the Dark Net Economy
This is where the black line support comes from, and its price is sitting on a support line of $264, when people say BTC is going to 0, they have absolutely no clue, its hilarious, they're just speaking from emotion with no solid evidence. Its literally impossible for it go to 0 when there's an underground economy happening right under our noses. If bitcoin magically dies, criminals will still use it with or without you, thus creating that black line for themselves. The Dark Net has been around for a very long time, good luck trying to take it down, because the FBI can't do it either.
So there you have it, my TA and FA in one post. I place my bets on October, thats the timeframe I see when we transition into a bull market, I can't really put a price tag on it now but I know the next bull market is going to be insane, like literally mentally insane. The facts and figures are all there, its up to you to guess what you want the price to be, and it doesn't really matter because we're all going to be rich either way.
Thank you for your time ladies and gentlemen, I wish you all a fantastic day!
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Weeklymarketsanalysis
GOLD: Preparation for the week! Looks very BULLISH!OpportunityHey tradomaniacs,
welcome to the weekly outlook of GOLD.
Overall we still see a correction between two very important price-levels.
We can consider that the market does continue the rally unless the stock-market climbs aswell.
Sentiment:
What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low.
This almost flat-type-correction in form of a falling wedge which retraced almost 38,2% of the impulse is actually a joke compared the price-run of indicies such as SPX500.
But still... we see very low volume and probably a fake-rally.
Anything else I want to say is shown in the chart!
What do you think will happen?
Have a great start into the week! :-)
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
#GBPUSD, end of bear in Week 17, bullish in Week 18?So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18.
GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses as well in GBPUSD, I was expecting a further downward movement.
However, the analysis in Week 17 is now pointing us towards a bullish movement in Week 18. With a completed reversal pattern in bearish level 5 zone, it does look possible for the bull to regain its power for a bull ride in Week 18!
I will personally enter a long for GBPUSD in week 18, as well as long in EURUSD and short for USDCHF. Probably a smaller position for USDJPY as a risk control measure.
I hope all traders continue to make good profit in Week 18!
Please like and follow me if my analysis provided you with some insights, thank you for supporting me! =)
#USDCHF, strong bull in Week 17, expect a short Week 18USDCHF made a very strong bull movement for the past two weeks and I personally suffered some losses by going short on them, however, I am glad I avoided them completely in Week 17 since it showed that it is going to extend its bullish movement.
I am away for the weekend of Week 16, thus, I did not make any update. However, I am still trading the market, so I am here to present the analysis for Week 17!
Towards the end of Week 17, USDCHF got into a consolidation phase which showed that the bull is now having some trouble to continue its movement.
USDCHF has made about 7 levels of bullish movement according to the analysis, and they do not seem apologetic at all! However, it seems to have stalled a little by the closing of Week 17, and it is currently staying at a new multi-week high.
The H1 analysis points towards a short in the coming week and I will be doing just that since I have found the pair to be over-extended now.
However for traders trading USDCHF, you guys still need to be careful of the potential loss that it might bring. For me personally, I will be entering short in Week 18! I hope all traders will continue to make a good profit from the market in Week 18!
Please like and follow me if I have provided you with some value from my analysis, thank you!
#USDJPY, reversal in Week 17, a short Week 18!A great week for USDJPY! I missed out on my analysis for Week 16 as I am overseas, however, I am still trading the market!
USDJPY made a great move towards the end of Week 17. I had a wrong level count previously that led to me still looking for another high to be made in Week 17.
Now looking at the situation, USDJPY actually made a reversal pattern in Week 17 which coincided with level 3 of the bull trend.
In Week 18, the analysis points the movement towards bearish and we will be likely to be able to profit from a bear movement followed by consolidation at the end of Week 18.
I personally would be entering a short, since the outlook is bearish and I am comfortable with the situation.
I hope my analysis has provided you with some insights, please like and follow me, thank you!
Gold - Weekly Forecast 29th April - 3rd MayThe gold has climbed last week as it proceeded with the retracement after breaking below the neckline of a head n shoulder.
This is also considered a break-below of a range at the top of the 34-month symmetrical triangle which will bring forth a bearish market.
In this week, we will observe the price closely at its current level and as it creeps into the supply zone at 1288 and the broken neckline.
Since the dollar has taken a bullish stance after it broke its previous high, it will boost the case of a bearish gold in the coming week.
EURUSD - Weekly Forecast 29th April - 3rd MayEURUSD fell and broke below a 2-month low at 1.1196 and it managed to close below despite strong rebound at 1.1120.
The technical chart clearly favours a bearish market now and there will be a selling opportunity again this week.
In the H4 chart, the price has completed a wave of retracement and awaiting the 2nd wave to be completed.
In this week, we will wait patiently for the price to retrace towards the breakout level and find an opportunity to sell just below 1.1200.
Dollar - Weekly Forecast 29th April - 3rd MayLast trading week was an eventful one as the dollar finally broke a new high in 5 months.
It was a clean break as it closed above the previous high with a strong bullish day candle and the retracement was shallow and the price still sits on to of a 23-month supply zone.
However, it is unlikely that we will see the dollar climb straightaway towards the 24-month supply zone above 99.
The dollar is expected to make a series of climbing and retracing, supported by a rising trendline.
In this week, if we were to take a look at the H4 chart, the short-term trend actually favours a bearish market.
The price is most likely to retest the previous high at 97.6 and only when the retest is successful, the price will continue to rise to a new high again.
AUDNZD WEEKLY SHORT SETUP 300-700PIP SWING TRADE IDEALooking at AUD/NZD just need a Daily/Weekly reversal pattern to form before going short. If a Counter-trend line does form on the 4hr or Daily I will use that to help with more precise entries.
-We had a Weekly Uptrend break. It has been retested the back end of the uptrend previously for a 365 pip drop. It has reached our point of interest once again in which we can look to go short again (If confirmations are met).
-Initial Targets (Previous Weekly Lows). 2nd Target (100 fib) 3rd and final target (-27. Extension)
US Dollar Currency Index / D / Weekly Forex Analysis / 4.21.2019Hello Traders, Happy Easter and welcome to the Weekly Forex market analysis. Today is April 21st, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart and take an outlook into the upcoming week. Looking at the Dollar Index here on a daily time frame, we can see a rising wedge type formation still playing out for a few months now. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. Overall on the week the dollar has gained some bullish momentum and strength, threatening the highs of 97.701. We are going to be watching this area again into this week of 4/22/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 96.288 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Gold- Weekly Forecast 22nd - 26th AprilThe gold continues to break lower as US stocks market continued to climb steadily.
The neckline of an HnS was successfully broken creating the case for further bearish movement.
And looking at the weekly chart, the price has also closed below a range at the top with a significantly bearish candle.
In the first trading day of the week, we can expect further retracement before the price resumes depreciation.
Look for selling opportunity within the supply zone of 1284 - 1289.
EURUSD- Weekly Forecast 22nd - 26th AprilEURUSD took an unexpectedly bearish turn as a lack of demand failed to maintain the price higher and a weak Euro data caused a snapped in the shared currency.
The price broke 2 higher lows in one wave thus making a strong case for further bearish movement to follow.
Due to Easter Day, volatility will be low and the price may continue to retrace higher.
We can wait for a selling opportunity near 1.1280 just above the Fibonacci level 50% and short towards 1.1180.
Dollar - Weekly Forecast 22nd - 26th AprilThe dollar has made a comeback last week as a lack of sellers after breaking below a range and a strong retail sales caused the dollar to rise.
Based on the current movement, the dollar is most likely to retest the 23-months supply zone at 97.6.
Volatility will be low on the first trading day throughout Asia and Euro session due to East Monday which is most likely to cause the dollar to retrace lower towards the rising trendline.
If the price is able to maintain above 97, it is likely to rebound during the US session on Monday or probably the following trading day.
However, the dollar will still face strong resistance at the top of the symmetrical triangle which will still cause the dollar to range further since last year September.
Therefore this week, we will need to watch the range between 97 and 97.6 closely and see where will the price break.
$SPY - Weekly Chart Analysis Heading Into Easter Long Weekend$SPY - with its consistent grind for the month of April, we have finally found ourselves approaching ATH (All time highs) from back in October 18'. All indicators illustrating market breadth is exhausted and due for a pullback. With earnings and volatility arising in the majority of S&P names, we will be mindful of both directions the market can take. For healthy longs, we would like to see a slight pullback to $285-$290 level of consolidation to let the market catch it's breath and overbought sentiment.
Main focus for day trades have been day 2 continuation plays off highly correlated news-based plays moving irrelevant to the market conditions. Other focus setups have been on the earnings reports and pre-market gappers that also tend to more irrelevant to the market conditions.
Still keeping a mindful approach to how the $SPY is acting in conjunction with my watch-list. On gap up days, market tends to give less opportunities at the open and for longs. Key is to be patient, let the pullback/dip take place and base out, then look to attack the healthy long setups that have bullish support from the overall market.
If we do hit doomsday mode where media and major names start to tank during earnings season, will look to focus my watch-list on the inverse ETF's (UVXY, TVIX) as they are my bread and butter during volatile market dips.
Have a great long-weekend everyone and I will see you all Monday!
Look!Outstanding Bitcoin Evening Star Doji Setup on The Week!Here on the week by week graph, we can see that cost has printed half of a tremendous night star doji example, and it's a course book development up to this point. Since the start of February, cost has been in an uptrend (pink channel) on the week after week graph. Be that as it may, we printed a gigantic bullish flame after we detonated over the week by week 200 EMA (in purple.) Price hit a roof however, directly at the week by week 50 EMA (in orange.) As you can see, the present light is as a doji star. Thus, I figure this week by week flame will close tomorrow night, and we will start the following week by week light. Along these lines, on the off chance that we close this flame as a doji star, it will have mostly finished a course book evening star design on the week after week time period.
A significant number of you are most likely pondering what that implies. All things considered, a night star is a bearish inversion development. Normally, the bullish flame that ascents before the doji star, is totally deleted on the opposite side of the doji . At the end of the day, if this example happens, one week from now could totally eradicate the additions that we have seen, since the breakout over the week by week 200 EMA . I've appeared different investigations how we were simply dismissed at the highest point of an enormous uptrend channel , and I've indicated how we could come back to the base of that channel. For illumination, see the past BTC examination connected beneath. This example is proposing that we could see a tumble to the base of that channel, and conceivably even lower.
As I have highlighted in different examinations, you can see that there is a major frightful red bolt on the graph, demonstrating how BTC could clear out a gigantic measure of significant worth one week from now. That is on the grounds that for this example to finish itself, we would need to see a ground-breaking bearish finish on the inversion. Remember, this example isn't finished. Be that as it may, it is set up splendidly to satisfy itself. The energizing part, is that in the event that we do see a dangerous retracement back to the 200 EMA (in purple) one week from now, that probably won't be the finish of the selling. Actually, evening stars frequently produce a few candles of drawback continuation on the back of the example. Along these lines, we should perceive how this plays out. I simply needed to draw it out into the open, with the goal that all of you comprehend the potential drawback hazard.
The week by week 50 EMA has ceased BTC dead in it's tracks. Starting here, the undoubtedly heading we will cross, is to the drawback in the coming weeks.
To anybody out there who is a candle design addict, considering how this is a "course book" evening star setup, without a hole up to the doji , I just make them thing to state — this is Bitcoin . It's a 24 hour market. There is anything but a solitary hole on this diagram. Subsequently, I have rejected that course book prerequisite.
This data isn't a suggestion to purchase or sell. It is to be utilized for instructive purposes only.***
US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
HANG SENG: Weekly OUTLOOK!#OpportunityHey tradomaniacs,
welcome to my analysis for HANG SENG HSI.
Everything I want to say is shown in the chart.
Since this market is political-driven we should still wait for the outcome of the tradewar, especially for China and USA.
Every good news seems to be enough for the market to buy.. but still with a very low volume!
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
USDCHF Bearish setup,The ascending channel that lasted for the whole of last week came to an end on Friday. The pair closed a little lower, and we're expecting a descending channel for the better part of the week, or even better, an impulsive bearish move. Take caution as there is also a possibility of a continuation to the upside after the bearish impulse.
Gold - Weekly Forecast 15th - 19th AprilThe gold has climbed for the first 3 trading days of last week which it found resistance at a falling trendline.
The resistance has translated into a very bearish movement and broke through the bottom of a rising channel in the H4 chart.
On the last trading day, gold fell into a range and there's one hour where buyers did try to push up the price but failed miserably, leaving a long upper shadow (H1 chart).
The price went on to inch lower and finally closed right at the previous low.
Therefore, we are expecting that the sellers will continue to take control and this time it may finally break through the neckline of the head n shoulder.
Once the break happens, we hope to see that the price, with strong demand at the bottom, will retrace back to the neckline to retest and that's where we want to get ready to sell.
EURUSD - Weekly Forecast 15th - 19th AprilEURUSD started off last week with a strong bullish candle that broke above a 1-week range.
On the 3rd day, it retested the range but buyers are strong enough to hold off the sellers thus leaving a long lower shadow.
on the 4th day, the price attempts to fall again but it was obviously one without commitment.
The buyers came in strong as sellers are worn off and the price closed higher with a strong bullish candle.
Therefore, we are strongly expecting EURUSD to continue its bullish trend and thus we will be waiting for levels to long along the way.
Dollar - Weekly Forecast 15th - 19th AprilAfter more than a week of ranging near the top, the dollar has broken below the range.
On the first day of the breakout, the price pulled back strongly the following day back into the supply zone.
However, on the last trading day last week, the dollar fell through the floor, showing that the sellers are now in control.
Therefore in this week, we are clearly expecting the dollar to display more bearish movement towards the bottom of a 7-month ascending triangle
Confirmed! BTC closed above the forever downtrend! What now?Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion.
Alright now that's over with, let's start with a quick reminder, this chart has combined 6 of the world's largest exchanges together to get an average of the world volume and data.
This is a follow up to my previous article, last time I said we're very bullish if we close above the forever downtrend, and a bull run could potentially start. So let's fast forward 1 week later, and what do we have? An actual huge green candle that closed above the downtrend, that means we went from bearish to bullish. However, that doesn't mean the bull run starts now. It still needs time to consolidate, I'll talk more about that in my next article, with a much more in depth analysis.
Let's focus on what's happening now. Everything still looks good on the weekly, only thing that's changed is an open red candle on the weekly, this tells me that its simply a pullback from the massive pump last week. If you look on the RSI, we can clearly see that the volume pump vertically, and is now followed by a pullback. This is very normal, for every push there's always a pullback.
Our most recent correction was at 4922 USD (29,532 USD) with the candle just wicking the mini, weakish support line. This is considered a bullish sign if you're an Elliot waves guy (I'm happy to explain Elliot waves in another article, let me know what you think in the comments section) because it means that we have a truncated wave. For every push there's a pullback, what goes up must come down. In other words, If we're going up, the price needs to cool-down before it can go further up again.
There's a lot of drama and commotion about the market sentiment right now, people are saying things like "we're going to 4,200 USD." If you think 4,200 USD (25,200 USD) is bad wait until you see what the whales have installed for you, there's a much larger picture than what we see now, I'll explain the whale's secret plan in my next article.
Back to the 4,200 USD debate, we don't actually have solid evidence to make that claim, we'll have to leave it as pure speculation for now. However, it doesn't mean it can't happen, and that's the funny thing about these markets, you always have to consider every single possibility. A dump to 4,650 USD (27900 USD) is what dictates the direction of the price. There are certain things that must be required before making a viable predication, if it qualifies then it's believable. Just remember, price pumps or dumps in crypto markets must be severe enough to define whether something can turn bullish or bearish.
If you look on the 4 hour chart, I've spotted a heads and shoulders, and its still at play right now as we speak. Let's take a step back and have a detailed look. The chart is trying to tell us that the bulls seemed to correct before we hit the neckline, it looks like we might be creating a new higher high or what might be the right shoulder. The size and shape of our right shoulder will determine how much the price will retrace to.
I know this article was short, but I wanted to follow up with that recent pump that happened last week. I also wanted point out a few things to look for afterwards. Please stay tuned for my next article, I have some big, crazy, and interesting news to share.
Thank you everyone for your time, have a great weekend!
P.S. I've decided to accept donations. I'm trying to build a brand and business for my trading career. If you would like to donate, all funds would directly support my mission and vision. I still appreciate each and every one of you whether you choose to donate or not.
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