Good morning, traders. Bitcoin saw another spike overnight, this time to $6450. The volume continues to increase on these spikes which tells me price is near an expansion in one direction or the other, and price continues to consolidate. This has created what Wyckoff termed a hinge (the focal point of converging support and supply lines). Usually, when this occurs...
Good morning, traders. Over the last two days we have seen Bitcoin move from the bottom of the local 4H TR to the top and right back down again. The three drops to the bottom of that TR since 10/18 have created higher lows and we continue to see large lower wicks suggesting a lot of buying/demand going on in that $6350 area. The descending dashed red line...
Good morning, traders. Bitcoin broke out of the descending broadening wedge as expected and reached the pattern target. While this did take price above the descending dashed red resistance line, it wasn't able to hold and price has since bounced off the 15 minute R1 pivot while finding resistance at that dashed line once more. OBV on that short TF has moved up...
Good morning, traders. Overnight we saw Bitcoin return to fill the gap as mentioned it would do yesterday. But, in doing so, price has moved below the black ascending channel that was in the process of printing so I have removed it. More 15 minute gaps were created on the move down so we can expect price to fill them as well now. We also saw a large spike in...
Overall situation. Since the start of 2011 the price was working in range (25 - 44) After 2014 calamities it was the market crush. Weakining of ruble in Russia, where the Head of Mail Group is originally. That was a start of forming SYPER Triangle Pattern and working in it. 2014 crush cause the break down on 12 points of triangle with price transition from 37...
Good morning, traders. The weekend continued much the same for Bitcoin as it has for the past week now - horizontal range trading between $6350 and $6500. However, many traders, while staring at their 30 minute charts, may have missed the fact that Bitcoin has now spent the past three days above the July triangle. Volatility remains low, as does volume, which...
Good morning, traders. Price finally moved a bit, dropping overnight and breaking through the bottom of the ascending triangle it was printing before finding support at the S3 pivot on the 15 minute TF. I spoke consistently about how I didn't like that the pattern was full of white space and wicks with small candle bodies creating the small horizontal TR within...
BITFINEX:BTCUSD pushing against 20 MA, which proved on more occasions as an instrumental support/resistance during uptrend/downtrend. Consequently, after fluctuating in a continuously tighter range, RSI will break above the 50 mark. Since the beginning of the year, the fluctuations inside the triangle have moved with higher volumes volumes north, noticeable on...
A nasty H&S pattern is in place after the recent market sell-offs. From the fundamental perspectives, the mature's market in streaming services has become tightened. A decrease in Q3 Earnings might be a trigger for the stock correction. Short at risk Target at the baseline around $285 then rally. OBV and MACD show a weakening pattern in volume and price action...
Good morning, traders. Price has continued upward as anticipated yesterday. However, this does not mean that we don't have to consider the possibility of a move down. The premium on Bitfinex is beginning to subside a bit, although it still remains about $300 higher. Price has stuck around the top of the TR, but sell pressure sits at $6450-$6500 with another layer...
Bitcoin broke clearly out of the channel. Expectations and where to watch out for: - Retest of the channel. - Formation of a bear flag in order to go lower. DMI- is on the rise. (selling pressure) When ADX (blue) and DMI- (red) start to move in the same direction a 'selling trend' will be established. Leading to lower lows. When ADX and DMI- start to move...
1 number obv divergence (negative) worked and we dropped. now 2 number obv divergence (positive) will work . and long coming
Good morning, traders. The Bitfinex BTCUSD/Binance BTCUSDT premium has now reached $80-$90. Poloniex BTCUSDT, Bittrex BTCUSDT, CEXIO BTCUSD, and HitBTC BTCUSD have joined them now as well. Historically, this type of premium amongst most of these exchanges has been due to withdrawal issues related to the exchange. Most recently we saw this occurring in Q2 2017 as a...
Using the OBV and MFI over a Long term time frame, I recommend going Short. Reading the OBV, it can be seen that the momentum has risen close to its highest limit, which means anytime soon there should be a downtrend. The MFI shows that the price is in the "Red" region which shows it is unsafe to enter the market as the volume and price combined does not advice a...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I plot btc weekly chart on a log scale with OBV and Acc/Dist. Both OBV and Acc/Dist continue to show positive up trend. BTC Plot against the Gann Chart seems to show that BTC have push through the 5 Resistance Circle and consolidating. All these time, BTC has never broken down from the long term support uptrend line (shown in light red). So, looking from the above...
This is the first TradingView indicator EVER to include dynamic support and resistance lines from upper or lower diagonal highs and lows in real-time. Note: This indicator has been built using Pinescript V2 Like and Share for access and more awesome indicators! A blue arrow appears only in a red bar and under these conditions: Closing Score Trigger ( C-S <...
Good morning, traders. Bitcoin spent the weekend moving sideways as suggested on Friday and we are nearing a likely large movement one way or the other. The question is, are you ready? Have you prepared for either move? Do you have a plan in place in case price moves against you? And what if it's a shakeout - strong move one way and then the other? These are the...