CerealTrader

CerealTrader Updated 

Bitcoin BTC Sorry for long hiatus, not being synced to the BTC market at the time, I thought it better to post nothing at all then attempts. Simple analogy : Retail Investment, why HODL, trade but don't hold: Stay strong people, When BTC was $20000, simply, the financial nature of the economy wouldn't allow that many millionaire's (statement related to...

CerealTrader Updated 

Manipulation of price is what its all about as supports/resistances show little initial impact (sharp price action breaking these, one after another) Volume of lower lows & sell drop volume outweighing the rebound volume may reinforce capitulation to the previous bottom of $6500 although if drops below, manipulation may fade & we may get a look at what condition...

CerealTrader Updated 

Bit of Trend Analysis on the major rises over 2018 RSI on the Daily historically exhibiting little fluid sideways movement as its usually one to watch in these regards, eg higher highs, lower lows. Its gets straight to the extremes and as I have circled the major recoveries over 2018, its seems it in a pretty good position to repeat this. Again MACD on the turn...

CerealTrader Updated 

Overall view of Market direction using the weekly to foresee possible exit/rise positions. Break of Weekly 50MA is worrying as has been years since this was the case. Rapid rise during Nov/Dec gave little chance for supports to be established under $5800 and would worry most investors if the possibility arose. 1st July (which may see action early, due to 20th June...

CerealTrader Updated 

BTC again entering the Ichimoku cloud which although seems to be weakening, the thickness strength & 200MA are adding pressure downwards towards the path of least resistance, so without Volume (Both 24hr BTC/MC 33% drop and counting) trader's wont be likely to have the price action to break the cloud. Ichimoku appears to be consolidating sideways so its quite...

CerealTrader

Looking at the Ichomoku "double settings" we can see the attempted break through Ichimoku was rejected at Fibonacci (0.618) with profit taking forcing BTC to slide along the Seknou (green line) wedging itself between the 200EMA, rising support & Fibonacci (0.382). MACD shows its ready for slight cool off but overall, volume/rally would over come this and push...

CerealTrader Updated 

It seems a change in sentiment might be initializing as we see a change from sharp jagged rises (circled black) it can be seen as positive or negative depending where your portfolio lies i guess. Time is Bitcoin's friend at the moment as it provides the ability for technical analysis to "catch up" and turn positive. The previous February rise I saw as more...

CerealTrader Updated 

Bit of non-aligned charting of Bitcoin, we know patterns and interpretations don't make trades on their own but symmetrical patterns?...still No but it is interesting to see another view of bitcoin pricing using symmetrical patterns. If there is a breakout of the neckline channel, this could be potentially be seen as completion of the lead up and exit of the...

CerealTrader Updated 

Bitcoin Futures being a indicator within itself, although considered small in comparison to traditional futures, can predict trend reversals. Using three indicators: Price (direction), Contract Volume (contracts traded within day increases pressure related to price direction) and Open Interest "OI" (contracts rolled over at end of day determine flow of revenue) as...

CerealTrader

Just a thought more then directional analysis: Using the Weekly to find support levels as below $6000 being untested for the short-mid term, The Weekly 200MA seems to be the strongest Moving Average support, as attempts to break have resulted in "short term" reversal with intended volume, this a positive sign showing traders are anticipating double bottom or...

CerealTrader Updated 

In the above graph, Green Channels show large volume for CME future contracts where Red Channels indicate small volume, the darker the colour, the more intense the volume. As you can see, the early Green Channels signal large volatility hence large price rises where low volume future contracts resulted in significant drops, now later along in March, Contract...

CerealTrader Updated 

We wont know if we have a established bearish flag pattern on the 1HR until price breaks outside the lower flag channel. At that point, possible trades with stop losses above the upper flag will provide a low risk exit. Low volume, Fibonacci Level $8000, StochRSI Currently oversold @ 80, are aligning to force prices down although the RSI and MACD have room to play...

CerealTrader

Analysing this channel for a possible exit...not downwards/sideways but upwards. Can see price consolidation within the current channel of Mcginley Dynamic and 200EMA as volume is now at lowest level since $6000 although becoming reactive at any chance of trend reversal, good sign, showing trader's hunting for a bottom. It seems likely volume will continue to be a...

CerealTrader Updated 

After repetitive attempts to rise upwards through the 200EMA, BTC is now using the (2017) 0.382 Fibonacci green zone as support which strengthening by aligning with the (Current) 0.236 Fibonacci and the McGinley Dynamic, A persistent strong price level that always shown to be quite resilient in the previous attempts. The McGinley Dynamic has proven to be useful in...

CerealTrader Updated 

Took both the 50MA/200MA & 100MA/200MA within 1hr, 4hr & Day time-spans. Assigning valves to each 50MA/100MA/200MA. Extremes such as DAY and 50MA/200MA cross-over indicate longer term views decreasing likelihood although registering a more powerful indicator in place as the 1hr & 4hr fluctuate positive/negative multiply times within the DAY cross-over...

CerealTrader

Support analysis of both, the previous parabolic move as well as the current slow decline, show areas of support aligning along with impending doom. Currently holding 0.382 Fibonacci, the area below is vulnerable up until the Trend line . At this point an expected rise from the Golden cross approaching within hours (200MA crossing below the 50MA, indicating short...

CerealTrader

In adding upcoming/events, I chose coins which drive the market, BTC -0.98% , ETH, XRM 19.56% and although this is less TA, it more widely defines the movement of the market. Its always useful to know what upgrades are upcoming (buy hype, sell news) along with what they do. Currently announcements are being held off until market growth where they can be useful, a...

CerealTrader

Bitcoin could be in for a possible Head & Shoulder formation. This could add support for the previous analysis, trending proportional rise and falls following each CME/Cboe Future's final settlement date.