Long

Bitcoin Roadmap to 2022, perhaps:

Di zerocashcool

Aggiornato

$25,500 - 2019 November
$6,000 - 2020 August
$8,900 - 2021 June
$5,150 - 2022 February

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The triangle is built on the convergence of two 31D Fibonacci Channels.

31D: swingLow->swingHigh->swingLow
31D: swingHigh->swingLow->swingHigh

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Stochastic RSI, a case for ATH:

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I am recommending that everyone buy Bitcoin.

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I posted this elsewhere, you may find it useful:

31D | 1W | 3D | 1D - A Bullish Perspective.

31D
TD resistance was obviously painted on the chart and profit at/above this level was to be expected.

1W
The super scary Doji was Demand+FOMO+Distribution on 31D TD resistance. Simple. The three candlestick pattern which was painting was the scary Evening Star bearish reversal. What has so far occured is that this panic was absolutely bought. This is the antithesis of bearish behavior. This is profit taking and accumulation.

3D
No comment.

1D
THREE Steve Nison trading strategies show a bullish outlook. First of all we have:

1) Crack & Snap: Price cracked 1M Dark Cloud Cover support by 3% and price snapped back up above it on high volume, forming a Hammer. This is Steve Nison's favorite candlestick pattern.

2) PB&J (Pull Back to Sweet Spot): The Crack & Snap buying occured within the MA Sweet Spot (SMMA 6, EMA 30) which time and again has proven successful through this bull market.

3) Trading the 9: Bitcoin is currently trading above MA 9. This is bullish, plain and simple.

1D Stochastic RSI is illustrative of the strength of and bullish outlook of the developing up swing.

Potential Targets:
13,099
15,000
17,150
19,800
22,575

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Holy Moly are you ready for this update? ...

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The public expects ATH now and the blood-thirst will not stop until they have it. ATH will not sate them though. 31D DeMark 6/7 can see Operator distribution into alts, perhaps. A perfect time to enter Alts, August/September. Anticipate 31D 9 FOMO (November) full distribution at $25,500. Correction comes into the middle point of the triangle, this is "price agreement".

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It's almost 2 AM and I've been working on this for such a long time...

I've been correlating Stochastic RSI (3,3,14,14) cross-overs with Nison's PB&J (Pull Back to Sweet Spot) strategy and identifying candlestick and TD Sequential reversal signals. Starting from 14 October 2018, I've identified the first place in the market where the PB&J strategy changed bullish.

I'm f% exhausted but I can't stop now. I have to keep doing this into the present moment. I must be able to identify if/when PB&J changes into a bearish character so I can start providing reliable short signals!

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BUY BITCOIN FFS IF YOU CAN!

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A shortcut hack you all can use is to SET TWO ALERTS:
1) Price touches 3D MA 12.
2) 3D MA 3/12 cross.

If #2 happen, short the fuck out of Bitcoin. Why? I'll show you:

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A case for a test of MA 7 support at $9,575 before continuing the rally:

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The extremely bullish cash is that the pullback was sufficient enough to not need another test of MA 7 support and that this Morning Star materializes. Look at 3D Stochastic (3,5,2) and look at MA 7 on 1W - this could have sufficed as a test of MA 7 which was too bullish to actually go down that low.

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I'M SHORT BITCOIN TO 9575-9400.

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This no longer appears likely to become a Morning Star bullish reversal.

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We should seek and find support @ 3D MA 12 @ $9,991

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If you're risk-averse, you can wait until the close of the Daily candle to see what happens with MA 9. As per Nison's "Trading the 9" strategy, a
market is bearish under MA 9.

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Please comment, what does this mean?

BTC.D

BTC.D-TOTAL

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I've moved into LTC.

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BTC 2W - ADX BEARISH CHANGE OF CHARACTER:

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+ PRICE TARGETS

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+ VOLUME

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1) I used 31D chart to draw two Fib Channels using high->low->high, and low->high->low. Nothing could be more precise and it shows.

2) We had huge distribution above 31D TDST and 0.789 Fib.

3) We are stuck under 31D TD resistance and 0.618 Fib.

4) We are after a 2W 9.

5) DMI (Directional Movement Indicator) has for the first time turned DI- (bear strength) flat since the bear market began while DI+ (bull strength) is decreasing and ADX (trend strength) is increasing.

6) Lower time frames like 1D have painted fake Morning Star bullish reversal patterns trapping longs. This bullish reversal failed and again and again I see longs being trapped by Operators. This is distribution behavior.

7) 2D Volume is disproportionately higher than all BITTREX market history. This huge volume produced a small candle. This is EVRT (Effort vs. Result), this is a bearish reversal signal per Wyckoff.

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50K vs. 6K

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Response:

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[In reply to Moe]
I've spent maybe 30m-1H looking at 1D, 3D, 1W, 18D, 21D, 31D on Binance and BLX and on 18D/21D I personally find a whole bunch of unnecessary confusion and FUD on those charts. I was able to draw wedges and trend lines and this that and the other thing. All of those methods proved more confusing than helpful to me.

The simplest outlook to me comes from 1D PB&J (buy within the Sweet Spot) strategy. Compare the Feb 2018 to Jun 26 highs. There appears to have been an inversion of demand. That is to say, back then we found No Demand (ND) at these levels where as now we absolutely do find demand here.

Most simply, I think the chart shows perfectly what Change of Polarity looks like. Does this represent old resistance becoming new support? I think that it does.

PB&J was giving short signals at 2018 resistance. PB&J has been giving long signals since Feb 2019, all the way up to present day, without exception. It has absolutely not turned bearish. In fact, PB&J is giving a high concentration of buy signals. This really looks like change of polarity.

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Plus I'll keep saying it: Until 3D MA 3/12 Dead Crosses there is no bearish change in the market.

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Since the 3D MA 3/12 Golden Cross on 09 February, the market has not closed a single Dead Cross in 150D. Trading rare occurances and repetitive patterns are very profitable. This new 3D candle is presently painting a Dead Cross. This is not necessarily the first time this has happened. This may also have happened on 09 June but ultimately closed negating the Dead Cross, continuing the ascent another +85% before the retrace we're experiencing now.

We have until 18 July to negate this 3D MA 3/12 Dead Cross, which to me will be a strong sign that we'll defeat the 14K swing high. If we close a Dead Cross, I think we can turn the PB&J strategy to the short side and make a killing using it. He's what a negated 3/12 Dead Cross could look like assuming more downside:

Buy between 9500-8700 to catch a 0.5 candle and 0.236 lower shadow. Buyers wanting a safer entry could enter on a negated Dead Cross at 11,000.

Seen from a 1D perspective, this strategy would buy at/below TDST Support or between the PB&J Sweet Spot which has proven an excellent trading strategy during this bull run:

Failing to negate the 3D MA 3/12 Dead Cross would turn PB&J into a short strategy, namely, buy 1D bullish candlestick reversals and sell between SMMA 6 and EMA 30.

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I think the 3D Dead Cross will hold.

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Based on 31D TDST, 1W DI+ < ADX, 3D MA 3/12 Dead Cross, and 1D 6/9, I don't believe 1D TDST support will hold. The next solid Nison support level is the 1W Bullish Engulfing Pattern at 7445.

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Loss of 1D TDST support is loss of 31D 0.5 fib. 1W Bullish Engulfing Pattern support is 0.382 fib.

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Analysis: PB&J Switched to Short Strategy

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What the short strategy will generally look like:

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Weird moment:

zerocashcool

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