BEAM Buy the Dip ZonesBEAM is not looking good for the next few days. Similar to my BTC and ETH analysis, BEAM has a Blood Diamond on the daily chart.
We also have an H&S confirmed break down. I will be looking to accumulate on 0.018 level and below.
I will start some leveraged trades in prices closer to the SD3 level.
Contains IO script
ETH Buy the Dip ZonesETH daily chart has a blood diamond. We typically see a continuation of the down trend in the 4-6 candles following a blood diamond.
We broke down out of the H&S on daily. If we close here today and we will need to see where we open tomorrow and see if we confirm the H&S.
My down trend targets are shown on the chart. I will be looking to take longs in the lower zones. What I'm doing is placing limit orders at the 3 SD level as I expect for us to bounce in 1 week time frame although I expect us to wick down deep.
sentiment cycle indicator performance in BTCAnother successful review for my sentiment indicator. its doing the job perfectly.. see in chart that how perfectly, it is able to find out the bull/bear and sideways signals.. sideways market identification is the area where you can save your money by avoiding over trading, thats where it comes on front and isolate such areas..
Green background - Buy
Red background - Sell
No background/charting background (white/black) based on theme - is sideways area.
Now it has generated buy signal on 15 min chart. lets see tomorrow, what it did here today.
BTC Not Looking GoodTeam,
We have a blood diamond on the BTC 2 Day Chart. Typically when we get these on HTF, we should expect continuation of the downside movement for 4 - 6 bars. Which means next 7-10 days we will be dealing with a potential downward pressure. Be prepared.
If we break the neck line of the potential H&S pattern that is forming, our target on the down side is early 80k. If we mirror the pattern we took to go up to 107k level to the down side as a measured move, as you can see on the chart our measured move take us down to SD 3 level of 76-77k. This will also fill the CME gap.
What am I doing with my leveraged trading? I'm waiting in cash with limit orders for altcoins to take advantage of any significant moves to the down side. I have set up chart set ups similar to this bitcoin chart.
On the BTC macro front, some important news just came out. And these usually lead us to major bottoms.
Exact quoted news:
“According to DB, the US government has been granted permission to liquidate 69,000 Bitcoins (worth $6.5 billion) seized from Silk Road, an official confirmed to DB News today.
Notably, this comes less than two weeks after the new administration took office, which had promised not to sell the Bitcoins.
The U.S. Department of Justice (DOJ) can sell 69,370 bitcoins seized from the Silk Road darknet marketplace, a federal judge ruled Dec. 30.
The DOJ cited bitcoin’s price volatility as a reason for pushing for permission to sell the assets."
DoJ is required to sell any cleared assets to cash, and transfer that cash to treasury once sold.
USMS (US Marshal Service) has certain financial reporting processes that restrict withdrawals from its exchange account near the end of each month.
This is why you usually see DOJ deposits to Coinbase prime earlier in the month.
On top of that, liquidations are supposed to occur within 5 business
days. So they’re supposed to do it quick after forfeiture, and 5 business days after notice to CB, but they’ve taken longer in the past. Point is window is closing quickly if it hasn’t already. That is, if they’re following their own rules.
The trend is your friend until the endNASDAQ:COST is our target
For those of you unfamiliar to Lux Algo or Market cypher , this is a good example of how these indicators could be deployed.
Big time frame -
The environment is obvious to everyone. No indicators are needed to see how well Costco has performed over the past few years.
Market cipher B -
When looking at the daily time frame I am looking for any opportunity to jump in on the larger trend. Through the use of Market cipher B momentum wave being below the zero line, but more importantly the magnitude of the pull back to the -60 line is important.
Lux Algo (Signals and Overlay) -
I like to couple this with the Neo cloud, also recognized as the Ichimoku Cloud. simply, when blue it can be a powerful tool to follow a bullish trend. When red, it will highlight the bearish trend.
Smaller timeframe (zooming in) -
Viewing the 1 hour time frame, it show us the Neo Cloud is currently red. The moment this turns blue our expectation is the follow price until this short term trend ends. But so long as the larger and smaller trend align in the same direction, this is what we will profit off of.
When this transition occurs the week of 1/6/2025, we will look to enter with the bulls. Our stop may be dynamic as price pursues in our favor locking in profits using the Neo cloud on the 1 hour as a form of support to price.
Should the price not sustain the rally, we will use previous internal candle structures to judge where to draw the line. I took the time and drew a red dotted line to outline this.
Optimistically, should Costco manage a newer ATH before the 1 hour Neo cloud switches bearish we may still look to exit our position or look for ways to abuse the positive outcome by chasing price with a stop loss and passively wait or find ways to add to the position increasing our risk.
Time will tell and only price pays.
Good luck my friends to whom ever sees this.
Understanding Pullback PatternsI noticed something interesting, we should all know by now that stocks tend to move together. If you didn't know that, now you know! Anyway, a lot of my previous pullback candidates are now recovering and showing an interesting pattern. Here I dive into those patterns:
* Complex Pullback - a pullback with 2 or more legs
* Breakout from the pullback channel
* A retest of that breakout point
* An entry bar
NYSE:WES NASDAQ:LULU NASDAQ:UAL
"KSM/BTC: Technical Consolidation with Fundamentals Strengthened"KSM/BTC: Technical Consolidation with Fundamentals Strengthened by Kusama Regulatory Compliance"
KSM/BTC is in a sideways consolidation phase, with the price oscillating in a defined range. The lack of prevailing volume keeps the asset stuck between important supports and resistances.
• The price is testing the lower border of the exponential moving averages (EMAs), which act as dynamic support.
KSMBTC 1D
🔸 Key Support Levels 0.0002751 / 0.0002458
🔸 Key Resistance Levels : 0.0003952 / 0.0004566
🔸RSI: Bearish - There may be a reversal opportunity if the current support holds.
🔸MACD: Bearish - It is in a neutral crossover phase, with the histogram showing loss of strength on both the bullish and bearish sides. This move reinforces the current consolidation
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GBP/AUD Bearish Setup – Weak AUD, Mixed UK Data /15 min/GBP/AUD Bearish Outlook (15 Min):
- AUD Weakness: Slow Q3 GDP (0.3%) raises rate cut expectations.
- GBP Factors: Mixed UK data; consumer spending concerns.
- Trade Tip: Watch for RBA signals and key UK releases.
- Support: 1.9900; Target: 1.9800.
BTC SHORT to 70 - 80KThis looks like a flat A, B, C correction for BTC. There should be a good point of exit coming up with a micro wave 2 up to around 99-100k before a bigger wave down. If we can break above 100k and then 103k and close the daily it would invalidate this. This should take days to weeks to play out.
a Visit to 90k will Respect the patternBear exit liquidity is under 90k while Bull exit liquidity is over 110K. From Current price action, it does look the Bull has handled well the pressure. I don't know for you, but I believe pumped the price up to 102k and then stopped right there just to add more Fuel (liquidation Buy side) for later.
If price go down to in the liquidation pool underneath 90k it will be very hard to regain control for the bull as the price will be trading in an unbalanced market... I believe a bear trap is in progress. the more bear stepping the higher they can push the price later.
the question is when will they pump the price, they can wait and protect. They definitely have AI robots defending when things are getting heated. I noticed today a seller sending -600BTC and the buyers responding in the same 1s timeframe sending 500+ buy.
Take care !
IJ
Levels discussed on livestream 8th Jan 20258th January 2025
DXY: Consolidating just below 50% (108.70), stronger ADP, DXY break higher, to 109.20
NZDUSD: Sell 0.5620 SL 20 TP 30
AUDUSD: Look for reaction at 0.62 strong round number support
GBPUSD: Sell 1.2450 SL 25 TP 80
EURUSD: Sell 1.0320 SL 30 TP 60
USDJPY: Watching that 158 resistance level
EURJPY: Sell 162.95 SL 30 TP 60
GBPJPY: Sell 196.50 SL 30 TP 70
USDCHF: Buy 0.9120 SL 20 TP 50
USDCAD: Buy 1.4385 SL 20 TP 50
XAUUSD: Consolidating below 2655, potential break out to upside, to 2672
SUI showing strength during bearish sentimentSUI has been maintaining trend despite the bearishness and BTC price action. Although this is bullish it is critical to identify the weakness. There are 3 drives of bearish divergence on the momentum and trend oscillators. This is not enough to act on but it is worthy to keep on a watch list for two reasons.
1. Take profit upon a change of character
2. Go short upon a change of character
"Strategic Consolidation of XTZ/BTC: Accumulation and Potential XTZ/BTC is in a consolidation phase, after a strong upward movement previously recorded, now making ascending lows and descending highs, providing an accumulation for a future breakout upwards. The price is holding on to the support zones identified by the exponential moving averages (EMAs) represented by the colored lines, confirmed by the overbought zone (above 80), however the histogram indicates loss of buying strength. The XTZBTC pair needs volume, which is currently low, to push the price above the current resistances.
o Major Support: 0.00001300 BTC
o Major Resistance: 0.00001419 BTC
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