Bitcoin : I will be very panic if..Hello fellas, welcome back to the update analysis about bitcoin, this time I will cover the support trend line and the crucial levels of bitcoin. So, let's get started.
Today's a very bearish day with a 1%+ down of bitcoin from yesterday's candle closure. But, currently we can see that the price is still trending right at the first support region around $9200 - $9250 region. If the price can breaks down of current support, we will see the push lower to the next support region around the $9000 - $8880 range of support. And the crucial role will be on this 2nd support which has an alignment with the white support trend line, which has held the price since January 3rd, 2020 and this is clearly a very strong support!
If the price of bitcoin can breaks down of current support $9200 region, I won't take it seriously and won't activate the short position. But, if the price breaks down of the 2nd support and the white support trend line, I will 100% open a HUGE short position !
And if the price breaks down of the white support trend line, it will automatically invalidate my $9700 bias.
Thank you and have a nice day!
Fibonacci
Pulse of an asset in Fibonacci: ICX Ping has Rung in the Top?ICX Ping has Rung in the Top?
We all know what ICX has been doing, time to wonder if it is done.
It could very well just keep going, but is prime for perfect ending.
Such a precise tip and strong reaction is what makes for a loud "Ping".
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Until a new Impulse occurs, the Price oscillates within "Energy Bands".
Markets quite often ask "Give me a ping Vasili ... ONE Ping only please?"
Some Pings are so clean you can almost HEAR them resonate off the chart.
Such a Ping causes the Price Wave to STAGGER as if it received a concussion.
Not all Pings start a reversal, but Most reversals start with a Ping.
Every Ping increases our confidence in the entire set of Ripples.
When the Pings stop, it is time to find the new Impulse at work.
This Idea is one "Page" in my ongoing "Book" demonstrating my "Methodology":
Chapter 1: Introduction and numerous Examples.
Chapter 2: Detailed Samples and multiple Impulses.
Chapter 3: The Dreaded 9.618: Murderer of Moves.
Chapter 4: Impulse Redux: Return to the Birth Place.
Chapter 5: Golden Growth: Nature's Perfect Expansion.
Chapter 6: Give me a ping Vasili, one Ping only please.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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Bitcoin : Bullish sentiment short termHello fellas, welcome back to the technical analysis of bitcoin here. Let's get it started.
We've seen a huge rejection of almost 3% from the peak of February 3rd candle which produce a type of shooting star with a wick to the down side. And because the 4 hours candle has closed with this type of candle, a lot of trader has predicted the potential bearish bias as a reversal pattern for bitcoin. But, for me I don't think that the reversal will occur in the near future, and here I acknowledge you my arguments for it.
1. We haven't seen any type of bullish divergence on RSI yet. The RSI still forming a higher high structure until now.
2. The MACD histogram on 4 hours chart is still ticking down in the negative side and I haven't seen any sign of lower high on the histogram just yet.
3. If we assume this as the ending diagonal of wave C with an expanding pattern, the 5th wave must be over extended and is likely to touch the upper line of this diagonal.
4. The upper line of the diagonal wave is having a confluence with the 1.618 fibonacci extention. From this, I classify e the green area as the potential liquidation zone for the short.
Because we see these confluence reasons for the bitcoin, I expect the price to have a spike up 1 more time before the huge downside move. Good luck
One hard truth about trading crypto: many 'clocks'Well, friends... Hello again!
After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels:
4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore.
It cost some folks the bad sensation of being trapped for who knows how long, or be point-blank stopped. Could they have avoided it? What do you think?
So, trading crypto is a bit like having many clocks. You never know which one is right at any given moment.
As such, the best you can do is, whenever you have a target, double-check it on multiple "clocks" / exchanges.
Those that I watch more frequently, here on TradingView, are:
BitMEX
Bitstamp
Bitfinex
Binance
Coinbase
HitBTC
(BTW, there was a second option to avoid this trap: as it usually happens in many trading situations, this latest rejection level is also related to 2 day TD Setup resistance line. Please check related idea for more information.)
Now, changing topics, briefly: another noticeable event, also highlighted on charts, are "off-the-book" margin operations on Bitfinex, which frequently lead to higher volatility, as exemplified. Such event preceded latest run up too.
To learn more about this topic, please check here .
So, what you think now? Price going down -- a bit a least -- or no chance, the way is up?
Cheers!
PHInkTrade
Pulse of an Asset in Fibonacci: Bitcoin at crucial Impulse ReduxWar between Bitcoin bulls and bears at a crucial battle zone.
Bears made a strong push down, but Bulls are right back at it.
Now a showdown at the Core of Bear Defense vs Bull Offense.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Bitcoin in short term : Expanding diagonal in CAnd here it is the short term view of bitcoin which is very crucial to me. I want to give a highlight at the grey and the green region. I do believe that the grey region is becoming a very strong potential resistance for now. But, whenever you see a certain region which is very strong and gain the same bias between one and others retailers, you must anticipate the liquidation zone for the short squeeze. And the green region which located above the grey region is the liquidation zone, the most ideal zone to enter your short position when there is a huge liquidation for short.
For the oscillator indicator which is the MACD histogram, we haven't seen any sign of divergence as the reversal indication in this 4 hours time frame.
Now for the EW count, the potential C wave has formed a unique pattern which meets 2 criteria for the expanding diagonal :
1. The 4th wave has overlapped the area of the 1st wave.
2. The 5th wave could be over extended and has a potential to make the 3rd wave becomes the shortest wave which is also a failure.
As you can see, the expanding diagonal wave is usually classified as the ending wave of major trend (which we know it as an ABC pattern to complete the B wave in larger degree. Beside, the green region is moving align with the upper line as a resistance trend line.
For short term, I feel like we can see a push toward the green zone before melting down to the area of interest in longer term view.
Bitcoin Daily view : Labeling the EWHello all, Here is another analysis about bitcoin on daily based and potentially mid term bias will be covered with an elliot wave structure. Let's get it started.
If you've seen my previous analysis back at December 29, 2019. You will realize that actually this analysis is still in play with a lot of confluence reasons to support that bias. Actually, I've already anticipated this spike to the upside although the price is a bit over extended. At the previous chart, I gave the target of only $9000 region which is the golden pocket zone and still inside the channel.
And after the flashback of my previous analysis, I want to acknowledge you and do a refreshment based on my previous EW count with current condition. Based on my newest EW count, we can see that although the price has already broken out of the down trend channel, there is still a significant resistance ahead which is the confluence zone between .786 fib retracement and the grey region as the previous broken support that is now become resistance. And with this consideration, I will assume that my previous count is still valid whatsoever, as long as the price doesn't break the top of the previous X, there is still a potential C wave to the downside to complete the Z.
For the Z, I'll give the target of $6000 region which is the golden pocket zone.
For short term view, I'll show you an update later.
Pulse of an asset in Fibonacci: LTC near MAJOR Impulse ReduxAs you know, crypto has been enjoying a market wide bull move.
LTC is now approaching the maximum resistance of recent moves.
What happens here could determine trend direction for some time.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Pulse of an Asset in Fibonacci: LINK at minor Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Pulse of an asset in Fibonacci: EUR.USD at MAJOR Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Pulse of an asset in Fibonacci: BTC at minor Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed samples and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Bitcoin : 4 hours time frame is very crucialHello all, let make this real quick about the chart work of bitcoin.
Looking at the chart above, We can see a potential 2 patterns here. The first one is the rising wedge pattern which has been broken previously and the second one is the parallel channel of up trend moves. Things that I want to say is that currently the price is touching the lower line of the channel which acts as a support trend line. And if we use the 3 method of break out strategy, the price has already broken out the lower line of the rising wedges, therefore there might be a retest toward this previous broken support that is now become resistance. Will it be this time to touch those resistance?
Of course, we might see what the price action brings when the 4 hours candle closes. If we see any bounces, we might see retest toward the lower line of this rising wedge. But, if the price breaks down of current support, we might see the price drop to test the next support of $8400, $8000 and $7700.
EURCAD SHARK HARMONIC EXPLANATION EURCAD Shark Harmonic Pattern explained.
- This is a explanation video on how to identify the Shark Pattern along with the target points and stop loss
- Targets range from 30-60 PIPS
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the EURCAD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
Pulse of an Asset in Fibonacci: Gold at Bears' Impulse ReduxOur Precious has been changing hands bigly as of late.
The last decline was started by a Bear Impulse (attack).
Now that wave has returned to its Birth Place (redux).
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part my ongoing series showcasing examples of my Methodology:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Bitcoin - Big players are using these levels, so why not you? Before reading, please show me some love by liking and commenting! It's free, so why not?
In this post I want to show you the power of the Golden Pocket (0.618 -0.65 Fibonacci retracement). After one year in a downtrend, we finally saw that price increased and reached a high of $13920 on Bitmex.
But why did the price stop exactly at this level?
For those who think that TA is not working, here is the answer:
Fibonacci is a fantastic tool that works in all markets of the world, and when you understand how to use it, it make the difference between an amateur and a pro trader.
In this example, since we are looking for a short opportunity, we just took the high that we reached the 11 December 2017 and the low of 10 December 2018. And what do you notice? Yes, price stopped exactly at this Golden Pocket.
Is this a coincidence? Not at all.
Why this level is very important and why do you see price rejection most of the time at this level?
Because big players are using it, financial institutions with large capitals that have very complex trading algorithm use it every single day, whether it is for scalping, day trading or swing trading.
Now when using the Golden Pocket we don't want to blindly long or short at this level. What we are looking for is confluence with at least something else.
In this case, what made this trade a high probability one is the fact that the Golden pocket was sitting exactly at the previous weekly level of $13873 (previous support that became resistance) which is enough of a confluence to take the trade.
Big players are using those levels, so why not you?
If you love this content please support me by sharing, commenting and following me! Thank you and ...
Have an amazing day!
Ordered Chaos: LINK has met The Dreaded 9.618: Murderer of Moves"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each "Ping" adds to confidence in all the other Fibs in the sequence.
The 9.618 a common "Murderer of Moves" heralding wave endpoints.
Of course the rally might NOT have ended yet.
But I always take PROFIT at the 9.618 as a rule.
Then look for RETRACE to 5.236 or 3.618 normally.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves <= Current Example
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related
Pulse of an Asset in Fibonacci: Ethererum at minor Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part my ongoing series to collect examples of my Methodology :
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed Charts and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Pulse of an Asset in Fibonacci: DASH near a Major Impulse ReduxDash has been flying fast and furious, as you know.
Where may it stop? When to close longs or go short?
The Impulse Redux will tell us: Now, or Much Later.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.