16.1.2020 - Cardano (ADA / USD)Hi Traders!
Today we chose the Cardano coin (ADA) for analysis. Perhaps you have noticed g rowth on altcoins this week.
It is possible that many altcoins and among them ADA are starting a new cycle . Looking at the daily chart, we can see that early last year ADA began to grow until it reached its peak in the summer. The second half of the year was marked by a decline, which ended with a falling wedge pattern. This pattern is a typical reverse pattern which means it reverses the trend.
On the chart, we can see a clear upward impulse, which is also confirmed by increasing volumes. If our assumption were confirmed and ADA starts a new cycle, it would mean its nearest target of at least $ 0.12 - $ 0.14 , an increase of at least 200% over the current price.
May the crypto be with you!
RUN
Major trends collide, BTC break out near, BTC to $21k+?
If you have been following my posts, you know I have been putting focus on the collision of a 6 month descending channel and a strong 5 year ascending trendline. The collision finally occurred mid-December and the two trends have been battling it out ever since. We have seen the 5 year trendline(Dark Red Line) be tested twice already, I offer no certain evidence but strongly suspect that the 5 year trendline will likely be tested at least one more time. I have been using every touch of the 5 year trendline to position high leverage short term long trades (with great success) and continue accumulation of additional long term holdings. The first touch of the 5 year trendline mid-December was the bottom for BTC.
As discussed previously, there is no compelling reason BTC would break down out of its 5 year trend as it has held the trend in the past with BTC and crypto in far less advantageous positions. We are fast nearing a point where BTC must choose between maintaining the then 7 month descending channel or maintaining the 5 year ascending trend line. I suspect this will likely play out as an ascending wedge (between red and yellow lines) and break out 20-30% before the end of the wedge. You can see the wedge likely forming using historical $7800 as resistance (yellow line). If this plays out as a wedge we see the wedge technically ends around 1.March.2020 which makes a break out likely somewhere around end of January, beginning of February.
I believe that BTC is about to break upwards and have another run similar to what we saw the first 6 months of last year. How high this next run goes is pretty critical. The first high BTC saw was $21k, then last June we saw $14k as a high. Anything below $14k for this next run would validate a deterioration in the trend, anything greater than $14k would strongly validate a bull market and of course a run over $21k would be extremely bullish for the long term outlook of BTC. I think there is a good chance we see BTC break $21k this year but most importantly we need to see it break $14k, if we continue our descent, this next run may only make it to $9500. Its looking like 2020 should be a pretty interesting year for BTC.
Note: If we break below the 5 year trendline and convert it to resistance, traders should be very cautious and be ready to bail on all long holdings as a multi-year low may be on the way. (Highly improbable)
This is not investment advice, merely observations I have made as a trader. DYOR.
ETH/USD LONG now been tested by 11major banks in the worldEtherum has now been tested by 11major banks in the world
Ether’s price action seems to have a built a broadening bottom and is awaiting a probable upside breakout. This would be a perfect continuation of the trade we posted earlier.
The current leg to the downside is called a “partial decline” and occurs before the breakout as can be seen from the Banc One Corp chart from 1995. Another perfect similarity is the declining volume inside the pattern. Ideally, if and when an upside breakout occurs, we should see a lot of volume accompanying the move.
The battle at 72 hundred. Bulls got the Ace.That's it. I've been waiting for this moment for 18 hours straight.
The first 100% bullish candle of this battle for the 7200 region is history now)
Looking for the confirmations at 7250+, a new battle(should be a quick one) for the 7300-7400,
and bull HERE WE COME)))
Where's that big fat whale with industrial money?
We've prepared the field for your actions)
PFE Bump and Run!PFE is a large pharmaceutical company that specialises in biopharmaceuticals. As you can see there has been a large bump and run from the upward trend in the past, which led to a death-cross. Gaussian channel shows a clear upward trend. Green fractal indicates a follow up bump and run.
RHHBY Bump and Run!RHHBY has seen two previous bump and run formations and is looking for a continuation with a third bump and run, indicated by the green fractal. These bumps form above the natural trend and a bearish reversal slowly follows. Again I recommend ‘Encyclopedia of Chart patterns’ By TN Bulkowski for anyone interested in learning some patterns.
GN PLAY WITH PENGUINS AGAIN :) GBPNZD 22/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
GA PLAY WITH PENGUINS TOO:) GBPAUD 22/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
S&P to 3900, potential on phase1 trade dealAfter an array of failed emergency monetary tactics such as a $500B a year corporate tax break, 3 rounds of Quantitative Easing and 3 rate cuts, finally after the trade deal was announced, we peaked our head well up above the bottom of channel / sub-channel we had been stuck in for over a year now. This was additional evidence that the drag on stock markets despite all the corporate welfare was largely due to the direct impact of the trade war (and related unpredictable policy) on global economies.
Likely it will take a little time to step its way up to top of channel and likely will only happen in the absence of renewed trade tensions. Other than renewed trade tensions, there doesn't seem much in the way to prevent us from seeing the S&P at 3800-3900 in 2020. If we do reach top of this 10 year channel for the S&P bull market, it will be the first time we have seen it in over 4 years now and the actual first evidence of a strong corporate economy under this administration.
At this point the only way to outperform the markets from the previous 8 years is if this administrations economic policies are able to see a break upwards out of top of this 10 year channel without further emergency monetary policy boosting it. After mostly riding the bottom of trend for 4 years now, this is only the second time we have seen hope for breaking out of the sluggish bottom of channel, we just need to maintain the path of restoring global trade and I think we will see top of channel. There is a lot of potential here.
This is not trade advice, DYOR, Author is holding S&P ETF options long.
s
Bitcoin to 250k by 2023Fibonacci timezones and extensions are both very powerful tools when it comes down to finding out what time a bull market starts/ends and at what price range. The fib time zone 0.382 and 0.6 (highlighted as a vertical red and green color) is both used in order to identify the bottom of a bear market by taking previous lows onto bull run highs. This also allows you to see what timeframe the run will end by using the 2 (purple horizontal line) fib time zone; although the timezone is not accurate it serves as a way of understanding the potential time in which price peaks. The fib trend extension tool on level 14 allows you to identify the top of the potential price.
Accelerated Growth, 2020 Selloff, and a 15 Year Bull RunWe're getting very close to breaking out of the trend line going back twenty years to the 99` bubble. There have been multiple attempts over the last 2-3 years. Trump/ Fed keep lowering rates and want to continue the "expansion". I assume they will be successful and we'll have accelerated growth until 2020 Presidential elections. I expect 3600-4000 SPX before a democrat is elected. I could see Trump and the Fed will allowing the market to fall by raising interest rates and not utilizing the presidents working group on financial markets like was done in the sell off in 2018. That being said I believe the market will resume its bullish trend after a sharp sell off in 2020-2021. This is just my very broad / general long term Technical analysis/ speculation where I am assuming many things, do not trade on this even if the assumptions are correct when the time comes. Trade based on your own analysis.
Demographic data and economic cycles align with my speculation as shown by
Ciovacco Capital www.youtube.com
XRP Long - Final UpmoveHi guys,
I've been playing around with some ideas for XRP, and I think this is the most likely scenarios for it. It's looking like it is about to begin (probably already has started) the final wave in a bearish bowtie diametric. The internal polywave counts appear to be all corrective in nature (ABC, ABCDE, ABCDEFG) which to me suggests that we probably aren't looking at an impulsive series for it, and instead it is a giant diametric.
That being said, three potential targets exist for Wave-G and they are related to Wave-A by either 61.8%, 100% or 161.8%.
That gives us the following targets:
-61.8% - $2.25
-100% - $10
-161.8% - $100
Now, due to the insane market cap that would be required for price to hit $100 on XRP, I'm going to throw that one out as highly, highly unlikely. I'm currently favouring the 100% option at $10, but $2.25 is reasonable also, I suppose.
There's some pretty decent bullish divergence coming out pretty clearly on my modified AO indicator (pink/purple line), so I'd say we're probably pretty near ready to get moving on XRP, if we haven't started yet (pretty sure we have, though). I've used a few trendlines/channeling to try to get a rough idea of where we might see the ABC form on Wave-G, but those are only guesses.
Once Wave-G concludes, expect a very significant downwards move on XRP, it'll go back to the stone age.
Not trading advice.
RUN - Trying to run from the H&S patternPretty basic chart. H&S pattern has formed and the price is currently trying not to break below the neckline which would trigger the pattern. If there is a breakdown in price then the price target becomes $7.68. Situation sets up rather nicely on a reward-risk ratio.
Just learning don’t take this as advice I’m still learning but this looks to me like it’s setting up a run for Monday, double bottom on the daily could we see 26-29 smoothed out at 24ish?