Disclaimer:If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
for my Comprehensive Trading Strategy | for my Comprehensive Trading Process | to learn about the 2 BTC’ to 20 BTC’ Trading Challenge
Consensio: P < S MA < M MA < L MA (recent death cross, watch for L MA to flatten / angle down. If that happens the fully posture)
Patterns: Phase 7 hyperwave | Massive falling wedge???
Horizontals: R: $3,660 | S: $3,515
Trendline: Potential
Parabolic SAR: $3,942
Curve: Backwardation with 3.79% spread (increased ever so slightly)
BTCUSDSHORTS: Attempting to take out local low. If that happens target is 19,569
Funding Rates: Longs receive 0.0028%
TD’ Sequential: R2 = R1
Cloud: If you consider yesterday re entering then today it fell out along with a Cross
Average Directional Index: Still tracking toward the 20 threshold
Price Action: 24h: -2.3% | 2w: -5.8% | 1m: +11.1%
Bands: MA is starting to flatten after finding support from the bottom band
Oscillator: Buy Signal
Summary: In @DVemer pointed out a long term bear that stared with 2017’s and connected to November 8, 2018. I found that very interesting and after further analysis I am seeing a potential falling with.
If it is real then it carries at $16,800 measure move. It is far too early to make that call but so far there are four out of six boxes checked, based on the
The last two steps would be breaking through the upper boundary on high . I would need to see the buying exceed the selling from November 20th, at an absolute minimum, in order to consider it sufficient. Even if that does happen I will be extremely skeptical due to the built up resistance at $6,000. I would likely go long but I would have a very, very hard time using a greater target than that in order to determine risk:reward.
The craziest part of all is if we get to $16,800 I still would not be considering it an end to the overall bear market. Phase 7 of a hyperwave is “the most maniacal” according to Tyler Jenks and as long as it resists below the peak of phase 6 then it is still valid / in tact, meaning that a return to phase 1 would still be the target. Wouldn’t you know that the top of my phase 6 is $17,252…
Even though it is too early to call this pattern real, it is not to early to pay attention and mentally prepare yourself for anything. Never say never and always be open to possibilities. That is what I try my best to do. Even though I am firmly I want to understand every signal / indicator that is happening so that I don’t get blind sided.
Published at Wed, 16 Jan 2019 01:45:36 +0000
