Forcast
BITCOIN TEST AND REJECTION ON KEY MONTHLY LEVEL!!Guys, this puppy wicked very nicely to the Blue Monthly Level. It got rejected- fast. Buyers have come : ) Never forget about the 7-10 days lag crappy lag-time of Coinbase getting retail traders their money!
Hope this helps. Good luck and God Bless.
- Namaste.
BTC: MY LONG TERM TREND INDICATOR SAYS BEARS ARE EXHAUSTED!As it is obvious the trend did change when we closed FEB 2019 with 3800$ (BITSTAMP).
We might see some sideways between 3.5k to 5k ( bear and bull traps ) but what is definite the trend has started its reversal.
Cyclic behaviors are most reliable trend indicators on long term basis.
DYOR
Cheers
MM67trader
OHI PRICE FORECAST USING PAST CONVERGENCE PATTERNS & K-VARIANCE REFERENCE KEY:
Yellow Horizontal Lines = Key Support Intervals (K).
Orange slopes = Key Resistance Intervals based on convergence model.
White Regression trend represents a LOG/Linear slope equal to (((0.33X-1)T/V)^2)
Where,
0.33 = Series Conv {((Alternating Series Test),
If for all n, an is positive, non-increasing (i.e. 0 < an+1 <= an), and approaching zero, then the alternating series equals 1 },
T= Time-frame
V = %Change
X = Standard Div / Variance
Forecast Findings (95%):
This chart shows a mathematical and technical forecast for Omaha Healthcare Investors for the next 5 trading days.
Based on previous activity a sell-off of more than 5% yields a rapid rebound equal to previous support levels. Given that OHI saw a 6.11% correction, compounded regression show a standard procession of variance at $1.86 or 5.18% where in approximately 23 hours from the time of this writing the closing price will be equal to $38.33 on Wednesday Feb 13th. After the markets close. the buying activity will be followed by a convergence of sell-side activity reducing the daily price change from 1.86 to 1.13, the final percentage gain going into trading hours on Thursday will be %3.08 and the price at market open for OHI on Thursday Feb 14th will be $37.57.
Adjust your trades according to this forcast and use the model for future predictions and you will maximize your profits from trading OHI.
These variance metrics are extremely consistent and the convergence (K = 1+v^2) factorization almost never deviates outside of the provided Intervals.
FWYB,
DanOmun.
Possible GBP/CAD Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will find support at current levels at @ 1.7444 level and move towards the first Target 1 level @ 0.7100
FX:GBPCAD
Trade Management
Entered @ Sign up for details
Stop Loss @ Sign up for details
Target 1 @ 1.7100
Target 2 @ 1.6900
Risk/Reward @ 3.0
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Ethereum Tumbles AGAIN!! Another 52% to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
KRAKEN:ETHUSD is on a heavy spiral down
KRAKEN:ETHUSD is down by more than 91% this year!!. We are looking for another significant drop to the @53 level, thats another 52% wow! There is really no support line so watch is dive quickly!!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Update idea
Quarkchain!! How low can it go?? Much further to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Short Position BINANCE:QKCBTC
Chart Time frame - 4 Hourly
Timeframe - Day trade
Actions on -
A – Activating Event
Trade unable to push above the 0.00000934 level. This trade has failed to push up to recent highs.
B – Beliefs
Trade will move to next support line @0.00000647 level.
BINANCE:QKCBTC
Follow your trading plan, remain disciplined and keep learning :)
Happy trading :)
Cardano's INV HS is stil in play!hello guys,
here is another perspective of my previous analysis instead i have drawn it on the 4h chart!
as you can see ADA is forming Inverted head n' shoulder .
you can see on the blue falling wedge that we stil have room to drop.
the rsi shows we are expecting more downside but thats ok ,if the blue falling wedge plays out everything would go as planned.
target: 1420 sats
my previous analysis:
powr/btc potential holding over 20ema and did pass 50ema yesterday. if market behaves could see power ledger being some of the first to start moving upward but could still see a fall back. if just entering on this coin keep stop loss close
can also see DMI is staying on the + side and looking to be bending up. can also use this as an indicator to sell if it crosses red line after touching stop loss 1.
as marked.
loss
SL1 2765
SL2 2430
profit
TP1 3281
TP2 3794
TP3 4248
TP4 5031
good luck :)
Bull's Vs. Bears all or nothing, FINAL EFFORT FOR BULL MARKETAs you guys can tell, I have been extremely excited lately, and watching bitcoin in good health and strength is really satisfying. Although you can make money at greater speed shorting, there is nothing that satisfies the spirit as a strong bull market. This is the last and the final battle for bitcoins longer term future right here, and its exciting.
IF you have been following my channel, then you do understand that I have been talking about a double bottom and a descending triangle, well, I have taken a macro picture of the last 6-7 months, because right now is a good time for a macro picture, so we can understand what is happening and what could happen in bitcoin's future. In the off color blue circles, I have highlighted the points of the bottom, the purple trendlines are the trendlines of the descending triangle and the light blue trendline is the trendline of the symmetrical triangle that bitcoin fell out of. The red bars are a point of strong resistance and the red line is a point of strong resistance.
Understand that supports do become resistance, and vice versa, currently bitcoin's price is under the previous support of the symmetrical triangle which is now resistance, in addition, it is also around a point that was its previous support and a good amount of trading had taken place there. In addition, the 100 day simple moving average will be converging on that position as well. So my point is there will be an extraordinary amount of resistance there.
Generally speaking, a head and shoulder pattern has an 85% chance of hitting its price objective in addition to being a trend reversal pattern, so this will be a battle to be felt and seen.
Key Points:
1.) A lot of different points of resistance are converging around the 7500 and the 8000 region. This includes the 100 Day MA, Symmetrical triangle both the resistance and the previous support.
2.) The Bulls look strong and they have a strong probability of hitting 7800-7900 and they have a determined trend reversal pattern.
3.) Rejection or significant penetration of 7900-8000 levels will determine whether we remain in the bear market or whether we enter a bull market.
Trade smart, hedge risk, and make some money!
Previous Analysis
Bitcoin to 6.9k or 7.4k before 4.7kBitcoin inverse chart tells us that we are still in a bear market until we close near 4.7k--which also means that there might be a flush daily candle with wicks in lower 4k.
based on the information provided, 6.9 and 7.4k are the bull targets for now. Reasons:
- Guppy stretched
- reversal daily candle
- fib ext. 0.78 confluence with fib retrace 0.3 -->6.9k
- fib ext. 0.61 confluence with fib retrace 0.5-->7.4k
Note: this will be invalid if weekly closes under previous low of 5.8k
Note: I'm using what i call the lucky waves-->7 waves. i also use devil waves-->9 waves. only personal tweaks.
Altcoiners as mentioned before, could be going shopping if they haven't. but remind you, this mini bull will only last until September or late November at its latest--and trend(bear market) continues.