Projection
Market Maker Method - Rough overview of the concept coming priceRough overview and explanation of the development of markets with market makers (group of people and institutions which together control the market in a coordinated manner around the world).
(THIS REPRESENTATION IS NOT AN EXACT PRICE PROJECTION BUT IS ONLY FOR THE VISUALIZATION OF THE CONCEPT)
The MM (Market Makers) work in cycles, in this example the weekly cycle is shown. As visualized in the picture, the week begins with a level 3 breakout pattern, an M. Breakout patterns at level 3 are almost always an indication of the beginning of a reversal, as the market makers move the market in 3 levels. In the levels shown, a stop loss hunt then begins in order to gain the liquidity of the longs / shorts that exit there before they move on to the next level. We are currently in Level 1 Uptrend.
Important information:
- The MM are inactive on the weekend and let their bots carry out a stop loss hunt during this time, so it is not advisable to trade on weekends
- The price trend for the coming week is determined on Mondays, so the market there can also move 'unexpectedly' and very volatile
- The MM are mainly active on the 1h and 15min charts (15 minute chart for entries and 1h for trend confirmation)
- The MM act in 3 vector candles (unusually large candles)
- Vector candles are mostly signs that the MM want to build up shorts / longs at a higher price in order to bring the price back to these candles afterwards (slow trend = true trend)
- The beginning of MM Patterns can be detected if 3 vector candles can be spotted
- Use of EMA's for pattern confirmation: Breakout patterns upwards are usually below the 50day EMA and downwards above the 50day EMA. If the 200day EMA is also very close to the 50day EMA and the same behavior can be observed there, it is further confirmation of a breakout.
- Recognition of price targets based on the hourly chart: the price always normalizes to the 50day EMA! As soon as the price moves away from the 50day EMA the price target is the 200 or even 800day EMA. If the EMAs are all flat on top of each other, the next M-Level (indicator for breakpoints and support / resistance) is the projected price target before it normalizes again to the 50day EMA.
- All patterns are basically variations of M and W patterns, an inverse H&S is also basically just a modification of a W.
- If a breakout fails, it is a sign that the MM want to animate more shorts / longs before liquidating them. These breakout patterns then usually arise after this fall or become modifications of the previous pattern such as inverse H&S, so it is still a valid W formation.
- In a bull market, especially in crypto, it is not uncommon for a reversal to the upside to occur in the first or second level.
I hope this brings some light into the current market situation and helps people to be able to evaluate the market more calmly.
Nostradamus 101: ADA/EUR 5 weeks aheadThe crypto markets have overheated since late 2017, and they are still overheated, as we the retail investors battle to compel others to see the intrinsic value, which is nothing more than hope for a better tomorrow.
With the same logic we should just get back to fiat and get it over with. Until there is a concise understanding of derived value, we will continue to see volatility.
Till then, expect the market as a whole to correct. Watch out for BTC, it will set the trend for the correction. In the short-term, short, in the long-term long. Enjoy brothers. Peace.
Massive Head & Shoulders Developing?? - DAILY Chart***DAILY H&S (Head & Shoulders - Bearish Pattern)?? ***
Take this serious, gang...
Folks who know me, know how I'm always on an endless hunt for potential H&S's...
Follow my logic on this one for a minute...
I'm not just arbitrarily drawing humps willy nilly...
- The start of the last shoulder can be either around here (if we pivot) or at the following...
49k , just below the Daily 50 SMA
or 44k 'ish
or maybe even 43k (bottom of my light grey box)
- The bounce **after that pivot WILL meet resistance again** at 52k ranges, and then the 57.5k 's
These resistances happen to also be the bottom of the old Rising Wedge we just broke...
55k is also the resistance of the trend line from the last peak around 62k
- RSI+BB on the Daily looks abysmal...
***Summary***
The points from where I drew these projected lines are very real historical trend lines and horizontal price supports and resistances. I can't help but to have some conviction that price will respect most, if not all, of the pinnacle points.
This is not FUD, and I haven't watched ANY other TA on YouTube either. This is all just me milling around on the Daily Chart...
Feel free to shoot holes in this idea. But it jumped off the chart and slapped me in the face.
Be safe folks!!
CryptDude
"MOMENTARY" Bitcoin DOOMS DAY Scenario - 6 DAY ChartA friend sent me down the road of looking at the spider charts again, and and kind of spotted something on the 6 DAY Broad View, that has nothing to do with the current situation of course; but it is intriguing, as well as frightening perhaps to some who don't protect their assets with Stop Losses...
This is somewhat of a "what IF" type of scenario... Against some very real possible realities.
On the more grand scale of things with regard to price supports, we really only have a few major supports to catch BTC if a major market crash happened, which many are saying is on the near horizon...
- Even looking at the VPVR; the ranges of support diminishes greatly beyond 12k
- The few stops along the way that I can spot on this chart are:
50k
42k
19k
12.4k
So be ready to by some of that 12k BTC if the markets make a nearly 400% dump.
You will have to act fast as the Fire Sale will only last for minutes or hours at best. Haha!!
I just had to post this for posterity in case it ever happens, so I can say I told you so. LOL!!
Remember, keep your friends close and your stop losses closer!!
CryptDude (CryptDollar)
OCEAN long confirmation 31/01/2021as we ca see the price has already touched the 161.8% Fibonacci projection and it is called as extension zone and it can be interpreted as a good long confirmation
please comment your opinions
Crypto Total MarketCap - 2021 to 2023 projection estimateWARNING! (Disclaimer)
This is not a financial instrument or advice! Invest at your own risk!
Only for educational purposes.
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We'll see if history repeats itself and projection comes to fruition in about several years.
Beware - Industry may go the opposite other way. The prediction models and statistical tools used only plot possible price evolution in relation to past data.
Past performances are not a guarantee of future performances or profits!
Is Stellar Lumens coiling up for a mars mission ?This is a quick analysis on stellar using support , trend lines and volume . I know very little about this coin and what it's purpose is . This is purely a technical trade with the bare minimum . Do not use your houseboat as equity or you may be homeless and riverless : ) ...
Support area looks particularly strong and the price looks like it is itching to break the upper trend line , but with lack of volume and the current sleeping bulls and uninterested bears it may need some egging on and that may come with a bit of fireworks from the bigger BTC bulls.... Let's see what happens. .....
Post Mortem Analysis and SR Observation for XRP 4 HOURXRP 4 HOUR - Post Mortem Analysis and SR Observation
I'd venture to say that presently, XRP has broken out of both the macro and micro Falling Wedges...
Currently it's trying to confirm a breakout from the iH&S below, which followed the Wedges. And price is just over 3% from some major resistance...
So for those who are just now paying attention; MYSELF INCLUDED;
XRP has presented 3 tiers of Breakout opportunities or long entries over the last 3 Days and 4 HOURS...
Post Mortem TA is sometimes fun, and sometimes not when you realize blatant opportunities missed. LOL!
Those would've been good plays, but I'm not doing margin trading while trying to catch up. I enjoy the challenge of random analysis to see how quickly I can recognize things. It feeds my future self. LOL!!
So for anyone who hasn't yet gotten into an XRP "margin" trade position; I would recommend analyzing surrounding SR, possibly waiting until it confirms above the $.47 cent price resistance and the 4h 200 SMA , before playing a long position using any leverage at all...
You're a spot investor DCA'ing into a long term XRP position, the above should be of no concern.
Current 6 HOUR CHART PROJECTION of SUPPORT and RESISTANCE6 HOUR CHART Projection
I believe if BTC were really going to finish off shaking the smaller fish out, it would've perhaps fallen out of this falling wedge by now, but I could be wrong.
I will have to respect what the Fib is saying too, with regard to where we are right now.
Price has not been able to break back up into the Golden Pocket Fib of the last pivot. That is concerning. I'm not saying it will in fact break down, but the technicals say it may, even though falling wedges usually yield the result of breaking out and up.
But I will say that price has managed to cling just above the white dashed price line of support.
If we do fall from here on BTC, I believe we have a very strong level of support to catch us, which is the other white line below, around 40.5k, and 38.6k is the bottom of that range...
Below are some closer views along with the more zoomed out view of the mentioned areas of support and value.
Be safe out there folks!! Keep your friends close and your stop loss closer!!
- CryptDude (also known as CryptDollar outside the Discord world)
LOOM Network - High Sell PredictionsUsing a combination of technical analysis techniques with a start date of Jan. 1 2019, I have mapped out the next handful of ideal high price sell points.
Bitcoin 68 Day Fib Projection of Possibilities!! - 4 Day ChartBitcoin 68 Day Outlook
- Based on the possibility of what analysts and economists are saying may be the greatest market crash and depression of our lifetime, come March or April
- I had this chart drawn and the arrows of potential direction drawn before Bitcoin broke out above the Rising Wedge
- all of the other Trend Lines and Notations speak for themselves
Happy Trading and be safe out there!!
Remember, keep your friends close, and your stop loss closer
- CryptDude
CELO Coin heading for it's ATH soon? Following its recent increments and breakouts after consolidation, each time the period between has increased in frequency and become shorter. Holding closer to its peak.
CELO is due to launch its EURO stablecoin for it's network in March. It is a network that is aiming to enables crypto payments to and from mobile numbers instead of long addresses and wallet set ups, a bridge between the current crypto wallet and a more user friendly process.
The price has already increased dramatically in the last month, could it be coming to a head Similar to how NU (Nycypher) did in a similar fashion?
Bitcoin (BTC) Projection for the Next 4 MonthsIn this chart, I first projected an estimate for Bitcoin's 21-week and 21-day EMAs based on historic patterns. Next, I hypothesis that bitcoin squeezes between these 21 week and 21 day moving averages in early March due to the current momentum of the bull trend. Like always, we should consider all possibilities, so I plotted a hypothetical price (yellow dashed line fading in confidence) for a move to the upside, downside and sideways.
The red rectangle box is what I believe will become the next resistance. Below that, you will see two green rectangle boxes, those are buy zones for me. I will buy 1x in the first green zone (~$27K) and then buy 2x in the second green zone (~$24.5K). If it drops even lower, I will buy 3x at ~$20.5K, and 5x if it re-tests $18K, but I think this is area is highly unlikely. I don't think you will ever see a 1 BTC under $20K ever again.
Regardless, BTC is coiled for a major move in the coming days to weeks. Remember the momentum of this bull market and watch the U.S. and global economy.
Bitcoin could hit Wave 5 even sooner than expected. Get readyBitcoin has been on a plunge today. Which is great news for my prediction and overall look of the correction. Wave E has followed the shape of wave A, so it is all looking strong at the moment. Now a few reminders about this possible wave 5, and how it could play out. Be prepared for a possible ‘throw-under’ to occur, where we could dip under the $28,000 figure I have set out as the target for this correction. This is nothing to worry about as it is a strong indicator for a push further upwards after. Furthermore, as the wave following the correction is a macro level 5th wave, it may not be too long. There is a term in the Elliot Wave book called a point of thrust. This is a level where Wave 5 is expected to hit, however if it does pass the level, it is indicating that the 5th wave will be an extended 5th, further benefiting us. I am slightly busy at the moment, so bear with me, I will he posting my opinion on this level of thrust we can use as a benchmark later tonight. Hope this helps