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Phoenix

Phoenix Global Consolidation Plus Signals ExplainedHere we have Phoenix Global (PHBBTC) which we have been waiting for a while... This pair has been consolidating since June when the first low was hit after April's peak. 15 Satoshi continues to be our baseline and so far we are looking good as prices remain above this level. The reason I am writing about this pair today is that I saw a challenge of EMA50 (18 satoshi/ 0.00000018) which is the most important level to look at short-term pertaining to strong bullish growth. We also see EMA10/21 being challenged/conquered. Now, here is the signal that gives away the fact that the consolidation period is reaching its end. Notice PHBBTC from May printing lower lows. Now I will show you the RSI and MACD, both printing higher lows. MACD: RSI: That's a bullish divergence. When combined with the signals we read above it makes for a strong case that it can only take a few weeks before the next bullish run. The time period can vary wildly, we do not worry about it, we simply buy and we hold. Patience is the key. That's my strategy. Thanks a lot for your continued support. Namaste. P.S. There can always be one last strong checkout before the bullish wave becomes 100% obvious.

 Sometimes it is a long wick or it can take a week. We use manual stop-loss and do not worry about this.
Long
by MasterAnanda
5
BTCUSD (2H) Triangle ConsolidationBitcoin has been consolidating recently after its impulse move to $42K. My analysis suggests a move soon, but to know which way we’ll need to watch price action closely. One possibility is a brief test of $30K, before another uptrend. This aligns well with BTC’s bull market phase, as well as other fundamentals like money printing in the US. But it doesn’t HAVE to retest - another impulse up would be completely believable. What’s not believable are comments from people who claim BTC has to implode - Gold Perma-Bulls who don’t understand Crypto Cycles. Sorry, but I don’t believe we’ll ever see $10K Bitcoin prices again. If you’re interested in HOW to learn what to look for, follow @WyckoffMode and learn how to use his Phoenix indicator combined with Bollinger Bands for clarity of price moves.
BITSTAMP:BTCUSDLong
by NoCreditsLeft
6
BTCUSD Important Update, More Bullish SignsHello Everyone, Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs. Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the blue and red lines bounce off of 50, going further below. What I've pointed out in the chart is just more likely to happen, seeing the orientation of the red RSI and blue LSMA . Indicators made and explained by user WyckoffMode
BITSTAMP:BTCUSDLong
by stripedown
BTCUSD Race Not Determined YetCurrently, the race between the white energy in the 12h and the red RSI in the 24 hour is still going, and its looking to be about 50/50 chance(see the white dotted lines) with 1 hour to go on the 12h candle. For the possible return of upward pressure we need to look for the green line compared to the white energy in lower timeframes. As of now, the green is higher than the white energy only in the 23 minute timeframe, but as we can see they're not far off in the 90minute, 3h and 6h timeframes. Also in the timeframe displayed above we can see de red RSI crossing the green line, while green is going up, indicating upward pressure. REMEMBER this is all just a possibility, indicators have not shown all the right signals just yet, and we may find the red RSI dropping below 50 in the 24h timeframe before the white energy rises above 50 in the 12h timeframe, signaling we are not done with downward pressure yet.
BITSTAMP:BTCUSD
by stripedown
ETHBTC potential reversal to correction, hence ETH's upthrustIn the video I demonstrated how to probe a potential reversal to upward pressure by virtues of the white energy-red RSI race concept introduced by the inventor of the indicator. I was very sluggish. The network problem took the rhythm out of me. But what we are seeing here is we need to have a strong upthrust in the 1W timeframe in ETHBTC pair for the white energy to win the race against the red RSI in the 2W timeframe. If it indeed wins at the close of the next 1W candle, then we stand a much better chance to see a beginning of a reversal to this current episode of mid term correction in ETHBTC. If ETHBTC is ready to have a run of its own, then we know that ETH would likely have a upthrust in price in the mid to long term future. First indicator is Phoenix Ascending 2.121 by user @WyckoffMode.
by Popovich
BitcoinUSD, The Phoenix, Global CurrencyTHIRTY years from now (1988), Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century. At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder. THE NEW WORLD ECONOMY The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With uncoordinated economic policies, currencies can get only more volatile. In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment. The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world. As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power. The alternative – to preserve policy making autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes. (taken from zero hedge) Another note worthy event is the planet Uranus, moving into the Sign of Taurus. Uranus being in the sign of Taurus over the next 8 years, means we can expect to have changes concerning the planet, financial systems, and our values. This is because Taurus is an earth sign and is ruled by Venus which is related to our affections, values, and money. As Taurus is a fixed sign that is not a fan of change and dislikes upheaval, having Uranus in this sign may be a bit like pulling teeth at times. Uranus wants to bring new energy, insights, and discoveries to light, Taurus wants to maintain the status quo and use inertia to fight it. Uranus will be in Taurus until the 7th of July 2025 when it will ingress into Gemini. It will retrograde back into Taurus from the 8th of November 2025 and it will be the 26th of April 2026 when it will ingress back into Gemini and leaves Taurus for another 76 years or so. The last time Uranus was in Taurus was after the stock market crash of 29. Taurus is related to money, as it is the natural ruler of the second house of our income and possessions. Back in 1929, the Wall Street Crash was the start of The Great Depression. While this occurred during a Uranus in Aries transit, its effects were felt well into the following Uranus in Taurus transit. In a previous Uranus in Taurus period, there was the panic of 1857 said to be the first worldwide economic crisis. During the 1770s, another Uranus in Taurus period, there was the crisis of 1772, in which problems in England, extended to Europe and then the 13 colonies in America. Some are predicting the emergence of worldwide currency, during this Uranus in Taurus period, and many others suggesting the rise of bitcoins and other cryptocurrencies since Uranus is also connected/related to technology. I'd gladly link you to the articles used for this, but sadly, TV will hide any chart that contains links unless you pay them an absurd amount of money. This is not trading/financial advice
BITFINEX:BTCUSDLong
by Mikeiavelli
The Inverse PhoenixIn Ancient Greek folklore, a phoenix is a long-lived bird that cyclically regenerates or is otherwise born again. Associated with the sun, a phoenix obtains new life by arising from the ashes of its predecessor. Will Bitcoin Rise from the Ashes? Possibility to see the rare fulcrum pattern, if we get another mini ihs pattern forming on the right side. This would fuel a rise for an epic short squeeze. Or kektinuation will be assured if the right wing fails to materialize.
BITMEX:BTCUSD.P
by theheirophant
29