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Tdsequential

One hard truth about trading crypto: many 'clocks'Well, friends... Hello again! After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels: 4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore. It cost some folks the bad sensation of being trapped for who knows how long, or be point-blank stopped. Could they have avoided it? What do you think? So, trading crypto is a bit like having many clocks. You never know which one is right at any given moment. As such, the best you can do is, whenever you have a target, double-check it on multiple "clocks" / exchanges. Those that I watch more frequently, here on TradingView, are: BitMEX Bitstamp Bitfinex Binance Coinbase HitBTC (BTW, there was a second option to avoid this trap: as it usually happens in many trading situations, this latest rejection level is also related to 2 day TD Setup resistance line. Please check related idea for more information.) Now, changing topics, briefly: another noticeable event, also highlighted on charts, are "off-the-book" margin operations on Bitfinex, which frequently lead to higher volatility, as exemplified. Such event preceded latest run up too. To learn more about this topic, please check here . So, what you think now? Price going down -- a bit a least -- or no chance, the way is up? Cheers! PHInkTrade
BITFINEX:BTCUSDEducation
by PhinkTrade
A look at Higher Time-frames (HTFs): Log Fibs RuleHi there, friends! Hope you doing well. So, as we entered a new month, and are soon starting a new week, it's good idea to revisit the charts for these high time-frames and see where we are. As you can see, log fibs are just killing it on this task (thankfully, Tradingview brought us this feature. Wished they've done it in 2017). Ok, so here what we have: A great bounce on larger 0.236 fib. retrc. level, on Monthly chart*, gave us a fantastic January, engulfing 2 down candles' real body, and turning monthly TD count to green 1. *(6487, from ~170-20k USD wave; Bounce level also corresponds to 0.5 retrc. level from 3.2-13.8k USD wave on Weekly chart). Bouncing on such high fib level, BTW, is a nice sign of bullishness, specially after having bounced also on a high, 0.382, level, on Dec/18. It may be hard to believe, but yes, even after falling from 20k to 3.2k (losing 83+% value), bouncing on a 0.382 level is a strong bullish sign: it is the first usual retracement level from which traders expect an asset may bounce from, if it's very bullish ). Good! Back to present day, movement brought us quickly to where we stand at the moment. It happens now that next 2k USD range, represented also by red area on Weekly chart, is definitely going to be challenging, as we're close to key resistance levels -- depicted and commented on both monthly and weekly charts. This includes a wave 5 target from the Daily chart, which I'll publish soon as well. So, a break above January's high, which may come with the turn of the week, may bring in some large players trading monthly TD (green 2 above green 1), but it can also become a bull trap, if such players don't really show up. Pay attention to volume, OBV and Open Interest . My enhanced Volume Indicator can help with the task, as it shows what margin traders are doing (on BFX). Make sure you check it out. Pay attention also to the nearest supporting trend line. While price is above it, there is still hope. Otherwise, we should see a correction. The fact we seem to be making a rising wedge (visible on Weekly chart) also suggests a correction is near. Next week is a TD 5 on Weekly. Even though positive, from my experience, TD 5's are prone to be counter-trend. So, let's be careful. To conclude, look, on monthly chart, how the halving period interestingly coincides with the apex of the second larger triangle we are in. If we don't manage to break and sustain above the higher downtrend line, @11790 for current monthly candle, we will likely see BTCUSD break below 6400, and reach the lower uptrend line, perhaps @~5.4/5.6k levels. This would complete a downside target from a smaller descending triangle, visible on Weekly chart, as well as 0.618 retracement level, on same chart. Interesting times. Let's trade it wisely ! And always remember: trade correctly and lose little, so you can stay in the game. Do it, consistently, and making money will be a consequence. Best of success! PHInkTrade
BITFINEX:BTCUSD
by PhinkTrade
Bitcoin screams bullishness - 1 more stop to goHey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when it comes to trendchanges. Another retest and breakdown off the 200 EMA would be a warning sign. Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness, also many other indicators tell us to be long. The weekly TI /TD indicator @tonevays still tells us to be long and keep sitting in postions from the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3, which continues the bullish count and its anticipated outlook on price. The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c -->Line of least resistance; Look it up on my YoutTube channel if you want to know more. If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on the daily and weekly chart. There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading See back next time, Cheers Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
2
Not good to defy 1.618 prj, 0.618 rtrc & 200D MA all at once (2)... and with a TD 8 Daily still. It's really not a good idea. *(2) : this release with a fix, removing an external link. Beware of the rules, PT.. ;). So, If you are seeing this again, pls, have my apologies. Still, if you would be kind to leave your like again, I'd be much grateful. Tyvm! Hi there fellow traders! Hope this post finds you well and safe after this last slash down. In this moment I believe it can be useful to bring a daily chart to you, so to help make things clearer, and show where we stand in a more broader sense. Let's see... So far, the move up has been consistent, and, as I've shared with those following my charts more closely, this has been pretty much like textbook stuff: Wave 1: 1238 usd move (from 6.5-7.7k); Wave 2: -805 usd; (to 0.618 retrc. of wave 1, to 6.9k) Wave 3: 2260 usd (to somewhat above 1.618 ext. of wave 1, to 9.16k) (if so considering: wave 3 intermediary 1: 1532 usd move (to 1.272 ext of wave 1, from wave 2 bottom).; wave 3 intermediary 2.: -766 usd move (to 0.5 retrc. of minor bottom (6850;) or 0.382 from major bottom (6427) wave 3 intermediary 3: 1488 usd move (to somewhat above 1.618 ext. of wave 1, from wave 2 bottom). ) It's clear that letting price move past 1.618 fib. projection level in one swoop (without a swing) was not in Bear's minds, and this move above it was designed to bring in liquidity, so some whales could unload more comfortably. This, of course, just in my humble opinion. Still, I was happy to be able to see, based on Phi proportions, that price would probably find a hard time moving past 9160, as per some messages I sent before, and also tweets, just after last small breakout which took us there. Now, let's see what's next.. An interesting hypothesis can be the conclusion of this major movement up, still as per textbook: Wave 4: Retrace down to ~8.1 - 7.9k levels ( about 0.382 to 0.5 retrc. levels, from wave 3 bottom) Wave 5: Extend up to about 10.1 - 10.5k levels ( 100% of wave 3, from wave 4 bottom, to be defined) Another one could be that this is already wave 5, and thus, we would start a 3 legs move down (a-b-c). In that case, we could go lower. In fact, we always can, of course. So, what do you PHInk? ;) Run up from here, now? A swing before a new attempt to break 200D MA? Or "this is it". Now it's tanking time for BTCUSD? Please let me know your thoughts and/or questions in the comments. Tyvm for you attention! And, please, let me know if you liked this idea. Finally, as always: trade wisely, lose little and stay in the game . Best! PHInkTrade
BITFINEX:BTCUSD
by PhinkTrade
Cyrpto Market About To Bullcross: 50 & 100 Week MASimilar to Altcoin dominance looking bullish, the crypto market total capitalization is close to it's two year long resistance downtrend line, with a 50 & 100 Week MA bull-cross anticipated in a week or two, as well as on a Green 3 TD Sequential. I'm skeptical this can be broken this week, but if there is continuing rising volume, it's becomes trade worthy (2.1 reward/risk). A close above the resistance trend-line, with the Green 3 above the Green 2 would be a case for a move to the previous swing high around $332B. Breaking below $210B would likely lead to a fall to the recently created support trend-line at $200B. CMF is positive and rising, MACD is bull-crossing this week, waiting for RSI to break above resistance level around 55 and into bullish territory >60. Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:TOTALLong
by dragononcrypto
Is the Mexican Peso Dying? A Long Term View into 2020.Herein is the monthly chart of the /6M Futures contract. It has been noted that since it has been traded, it is pretty obvious that the bears have been in control. At this time, I am far from debating against it. What I am exploring is a technical analyses of the next upcoming crash and an a mild guess of when that might happen. I want to bring your attention to one of its major crashes that occurred in Aug 2008. Notice the total loss of value of ~36% of its value during that span. While it was a devastating move for the peso, look at the recovery which reached to 0.618 line of the Fibonacci retracement. If you notice, you can see that the newly formed 100-SMA serves as a resistance for the recovery and also notice how the MACD line is close to reaching its highest value recorded. Now, I want to look forward to the Bear market May/June 2013. Indeed, look at this devastating price drop. It is not as aggressive at the Aug 2008 but we lost a value of ~46%. If you do look carefully, you can see this primary trend was started by the resistance to 100 SMA which indicates a strong significance to investors in this market. This primary trend did end with TD Setup Buy 9 on Jan 2017 but rather than a recovery as in Aug 2008, the /6M has and is currently trading in a parallel channel. I would say based on my views of the technicals, I would expect the /6M Futures to trade within this channel for the rest or to the end of the year. Therefore, I will be placing a short order at the 0.0584 price line should the /6M Futures ever get to that line and then buying back prior to its lowest low. There is a strong case to pay attention to this contract close starting in June 2020. There is a case in which price action could be Bullish and then reach the 100 SMA line and well as TDST from May 2016 which is of particular significance as that TD Setup count ended the bearish primary trend and also the exhaustion of the MACD line. I would expect at that point another rejection from the resistance and to see the start of another long bearish trend which could be very profitable for short sellers.
CME:6M1!
by djgavia
BItcoin: Can it break the big downward channel?Can it break the big downward channel it follows since the bull run in June 2019? Technical (bullish) signs: -> Price is about tries to break through the since June 2019 respected resistance of the channel -> Bearishness of MACD is stalling (on 3D even gets bullish slowly) -> Fib 0.236 holds support since November -> The TI Indicator (Tone Vays Version of TD Sequential) flipped green on the monthly Fundamentally seen, BTC is rather bullish if you take into account, that fears of a recession (especially in USA and EU) and about the crisis in Iran increase.
KRAKEN:BTCUSDLong
by nico14
2
Resistance broken, volume, TI says "GO". Only 1 more StopHey there, so BTC has now broken important resistance and broke out of its pitchfork. We had earlier tries of breakage but didn`t managed to do it. Our count of the TI Sequential @ToneVays is telling us to be long and should now sit in a substantial profit. There seems to be no resistance ahead, except of the 200day EMA. On basically all other time frames it sceems bullishness and looks to retest 9000 first and maybe then run to 10k. Bitcoin has to prove itself with breaking the 200 EMA and closing above it. Then also currently calls for bullishness with a green 2 moving above a green 1. All in all very nice bullish moves with a lot of potential for upside. Check out my YouTube channel "Enlightened Trading" for further information and closer analysis of the current market situation. See you back next time. Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
On 13 Weekly TD SequentialIt seems very bullish but is on a long TD count and it really would not be a surprise for it to compress the range and then head back to the support level around 3k or so, sometime in the next few weeks. Until it actually starts to reverse I will continue to have a bullish intraday bias on it but on the monthly chart it's starting to curl upward a little and looks parabolic so I would not count on it continuing straight up forever. Using measured moves I would really expect it to run out of steam in the region of 3400, so this is probably not a great place for longer term long entries.
CME_MINI:ES1!
by mljones
3
Strong levels Support Lines (SL): represented by the horizontal white dots. 200 Simple Moving Average (SMA): represented by the purple trendline. I trade horizontal support lines made from a TD sequential trend. Trades are based around the 4-hour support lines, all other support lines from various time frames are used to manage the overall trend and evaluate the price action at that level. I’m able to present long and short entry positions but whether you are able to enter those positions, manage your risk level, and close in the green is up to you. Usually I front run the SL but that also reduces my edge, making me take on more risk, but allows me to catch the price if it does not fully reach the SL If the price closes above the white SL, I become long and close my short positions. If the price closes below the white SL, in which case I become short and close my long positions. Trades are made around candle closes not wicks.
COINBASE:BTCUSD
by ADAlife
Strong Levels Support Lines (SL): represented by the horizontal white dots. 200 Simple Moving Average (SMA): represented by the purple trendline. I trade horizontal support lines made from a TD sequential trend. Trades are based around the 4-hour support lines, all other support lines from various time frames are used to manage the overall trend and evaluate the price action at that level. I’m able to present long and short entry positions but whether you are able to enter those positions, manage your risk level, and close in the green is up to you. Usually I front run the SL but that also reduces my edge, making me take on more risk, but allows me to catch the price if it does not fully reach the SL If the price closes above the white SL, I become long and close my short positions. If the price closes below the white SL, in which case I become short and close my long positions. Trades are made around candle closes not wicks.
COINBASE:BTCUSD
by ADAlife
BTC Overview: Potential Buy Signal1/3 2/3 See red fingers on right chart for a bearish perspective: - Weiss Wave's remarkably high volume (histogram) at peak suggests fomo buying. - CCI identified this extreme condition and reversed. - This occured at Fisher Transform 3.0 deviation and BB upper band. - Renko bricks are below iFish MA. - Price is below 7500. 3/3 Buy Signal if 1H Renko Traditional w/ 60 Box Size Fisher Transform (Fisher line) finds support and reverses from zero line. You can set an alert on Fisher crossing 0.
BITSTAMP:BTCUSD
by zerocashcool
6
Bitcoin TD Trading Support Lines (SL): represented by the horizontal white dots. 200 Simple Moving Average (SMA): represented by the purple trendline. I trade horizontal support lines made from a TD sequential trend. Trades are based around the 4-hour support lines, all other support lines from various time frames are used to manage the overall trend and evaluate the price action at that level. I’m able to present long and short entry positions but whether you are able to enter those positions, manage your risk level, and close in the green is up to you. Usually I front run the SL but that also reduces my edge, making me take on more risk to but allows me to catch the price if it does not fully reach the SL Red Ray: Price where I begin accumulating shorts until the price closes above the white SL, in which case I become long and close my short positions. Green Ray: Price where I begin accumulating longs until the price closes below the white SL, in which case I become short and close my long positions. Checkout the last TD trade to see how it went. Much appreciated
COINBASE:BTCUSD
by ADAlife