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Diamond bottom has triggered with a 1hr chart goldencrossAlthough here on the 4hr chart the volume does not look notable, if you zoom into the 1 hr chart you will see a big volume spike that lines up exactly with the recent 1 hr golden cross. We have not yet hit our projected breakout target of the diamond bottom pattern which makes me think we have one more small bullflag breakout upward from here to around 3850 before we form yet another lower high and continue to the downside again. So I'm technically bullish here but very very temporarily. We have found a way to have price action crawl above the 1 day 50 ma and currently that ma is overlapping one of our horizontal teal trendlines so as long as the 1 day 50ma has flipped to solidified support it is likely a double reinforced support. One more bullflag break upward to 3850 will reach the diamond bottom target and will likely head downward from there considering we appear to be repeating the previous diamond bottom fractal from a week or two back. I am watching for 1 day 50ma to hold support if it doesn't then I think we could head immediately back down. If we hold the support I think one more bullflag leg up is likely but overall I think we are still heading back down ultimately even fi we do break one more leg up so because of that I will leave this idea neutral.
BITSTAMP:BTCUSD
by DrDovetail
BTC/USD 4h Chart- Descending Triangle Pattern An interesting moment in which the triangle closes and the price should go up or down. In the textbooks it says that in a descending triangle, the price has to collapse, but will it happen? Unfortunately, I do not have mantic abilities. But what I have seen over the years at BTC does not happen this scenario for the first time. I compare between 2014 and today 2018. s3.tradingview.com This situation is clearly visible here. In 2014, contrary to a descending triangle, the price gets a bullish trend and goes up. I let you know what will happen in the future. If he considers contrary to expectations the price to go up "as I think it will happen" Give a thumb up. Thank you, I appreciate it
COINBASE:BTCUSD
by mojol1
A volcanic "Price" eruptionEruption means here going high fast then plunging down. That's what I think has started to occur. Another eruption may occur also at any time (the second quake), but that is still really hypothetical so let the "price" "lava" falls down fist. (blablabla) This is a very special analysis this time for 2 reasons. I'm doing my analysis on a 1-HOUR chart and I'll make the analysis based on 2 new indicators I've created: S4W Normalizer, and the S4W Velocity indicator. Based on my analysis: The sudden "pump" on price reaching 7800 USD has formed a wall. This is an opportunity for the S4W Normalizer indicator to bing a SHORT trading window, and to detect where the trade should stop. There is 2 candidates for the stop, which are 2 revert-peaks I've framed in the S4W/Normalizer indicator. I think the price may go down to reach one of those 2 Stop candidates. The first one is more sure to be reached, the second one is more risky to be reached. but it may possibly goes below that level. The S4W Velocity indicator has detected an upper peak that is a signal for a SHORT trade starting. I've drawn a vertical line to see where I would have place the real trade. I'm late in fact, so the trade started during that idea creation. Conclusion: Bitcoin is still about to go down again, due to that wall that needs to be "stabilized". I'm saying this to myself : "To say it short : short it now!!!" So the current scenario for me is to stabilize that wall. How can a wall stands up without a real foundation. That's why I think the price should go down a bit, right now. ---------------------------------------- PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks. PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you. PS3: The S4W/Normalizer indicator is a corrected price graph that enhance peaks positions. Compare that indicator with the price, you will see it follows the price but the HH,HL,LL,LH are placed on different levels that can be exploited. Drawing or seeking elliot waves, waves can be used surelt (I'm not a wave surfer)...
BITFINEX:BTCUSD
by Atemak
4
Uncertainties on BullsBased on my analysis : Since September 14th we've entered a channel, and exiting it will mark the real direction the market will go. I'm seeing the bulls power is "sanding" a bit. What is sure, for me, there is too many uncertainties right now to take action. The UP move is a bit compromised as it is now. Also, I've seen 2 of my support levels (violet lines) are matching FIBO levels 0.786 and FIBO 1.0. So I think now those 2 supports levels are keys, but I don't want to dream a nightmare. Let's wait to exit the channel first to see if price will lead to FIBO 0.786 then 1.0, or will still going up. The S4W compression is still not expanding yet. it slowly refrains its compression but no expansion yet. it's going flat, which means there is an expansion to occur soon. An expansion means a price going up. I see in S4W/Mirror indicator that the BULLS have lost a battle, as shown in the box I've drawn. Is it the end of war? Not really, because the SW4 Horizon indicator tells the road is still not blocked for an uptrend yet. My conclusion is : We are in a middle of a channel, and that brings uncertainties for now. I would not start a trade right now. We need to exit that channel first. Let's wait 24 hours , from now, to see if the BEARS have won or not. I'll check this by seeing if the bulls' line (green line) in S4/Mirror will move over the last red hill or not. If that's the case, we will be still on the road to "UpVille". I also need to check if the S4W/Horizon is still in bulls favor (= green line still descending). Finally, the 2 FIBO levels are matching too perfectly my 2 support levels. That's shows a possible bearish move to move going below 6K. :-( Let's exit this channel first, to know PS: An expansion is when the S4W/Compression indicator forms a green line and going up PS2: don't take my words for granted. Do your analysis, re-analyze, then trade. PS3: Don't hesitate to LIKE this idea, and follow me to get my latest ideas. PS4: <- Play it at home or buy an XBOX :-)
BITFINEX:BTCUSD
by Atemak
1
BTGUSD Next Short Set-Up from HereBTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here and the last 3 rallies have all failed at the upper dynamic. BTG remains vulnerable whilst trapped below this dominant line. Once 17.5 breaks it should fall away to the 13.2-12.1 range. And once 12 breaks the next obvious downside target becomes 6.5-6.0 Will follow Bitcoin around as usual, just moves faster. Not ready to short again yet but worth setting an alert for maybe.
B
by sumastardon
ETHBTC Target Achieved - Next Short Set-Up from HereETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched precisely so it's time to close out again if you haven't already done so. Next short opportunity comes on a break below 4165 looking for 3440 initially and then 2345
by sumastardon