Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Picked up an entry on #DASH. Worth allocating 2% of portfolio.
Ah well guys.
If you pinned the channel, you caught this right in time.
If you pinned the channel, you caught this right in time.
Looking at what Alberto thinks.
https://www.tradingview.com/x/8iHeWLso/
Trust measurement and the liquidation zone to watch
This is the 3 days time frame which is longer than the daily but shorter than the weekly time frame. However, this time frame is giving us a bigger picture to analyze the bigger trend that is happening in the market. Bigger picture means more valid bias because it will minimalize the risk of manipulation in the market.
First thing is about the trust measurement which is one of my favorite method to identify potential next target after a break out from the previous pattern. At this case, there is a major inverted Head and Shoulder that has been forming. The blue region which is the golden pocket zone is acting as a neck line too, because the price has already broken out from this neck line of this structure, the price has shown us a retest toward it too as a support which is the characteristic of the phase 2 of break out strategy. Right after the phase 2 occurs, the price had a bounce of it until this region is being met. Trust measurement that I'm using is to measure the height between the bottom of the Head pattern to the neckline and projects it right at the breaking out point. With this method, there will be a potential to reach the $16412 as the mid-long term target.
Next thing is the bias for the near future which I believe that we'll see another correction even if it's so little in the future. Currently the price is still trending slightly below the .786 fibonacci retracement level which acts as a resistance too. We'll see further test toward this region especially if we see any spike toward $12500 which is the liquidation zone. Liquidation zone is the zone that the whales want to trap the early buyers to liquidate their position so the whales can buy at the lower price.
Key point is still at this $11800 and the $14000 region for mid-long term. Breaks above this 2 regions will become a fantastic futures for bitcoin and most of the coins in this universe.
https://www.tradingview.com/x/8iHeWLso/
Trust measurement and the liquidation zone to watch
This is the 3 days time frame which is longer than the daily but shorter than the weekly time frame. However, this time frame is giving us a bigger picture to analyze the bigger trend that is happening in the market. Bigger picture means more valid bias because it will minimalize the risk of manipulation in the market.
First thing is about the trust measurement which is one of my favorite method to identify potential next target after a break out from the previous pattern. At this case, there is a major inverted Head and Shoulder that has been forming. The blue region which is the golden pocket zone is acting as a neck line too, because the price has already broken out from this neck line of this structure, the price has shown us a retest toward it too as a support which is the characteristic of the phase 2 of break out strategy. Right after the phase 2 occurs, the price had a bounce of it until this region is being met. Trust measurement that I'm using is to measure the height between the bottom of the Head pattern to the neckline and projects it right at the breaking out point. With this method, there will be a potential to reach the $16412 as the mid-long term target.
Next thing is the bias for the near future which I believe that we'll see another correction even if it's so little in the future. Currently the price is still trending slightly below the .786 fibonacci retracement level which acts as a resistance too. We'll see further test toward this region especially if we see any spike toward $12500 which is the liquidation zone. Liquidation zone is the zone that the whales want to trap the early buyers to liquidate their position so the whales can buy at the lower price.
Key point is still at this $11800 and the $14000 region for mid-long term. Breaks above this 2 regions will become a fantastic futures for bitcoin and most of the coins in this universe.
Too much text for the day, yet an important update coming. Will drop an audio note in a bit.
Hold tight stops. Wicks time
▪️Since 1984, the S&P500 has correctly predicted the outcome of every presidential election based on its price movements in the three months leading up to the election.
▪️Since 1928, the S&P500 has correctly predicted the next US president 87%(!) of the time.
If the S&P500 rose in the August-October period (three months before the elections), then this means that the market is betting on the current US president. If the S&P500 closes August-October period in the red, then the market is betting on changes.
By the way S&P500 currently printing possible Double-Top structure. And October not ended yet.
▪️Since 1928, the S&P500 has correctly predicted the next US president 87%(!) of the time.
If the S&P500 rose in the August-October period (three months before the elections), then this means that the market is betting on the current US president. If the S&P500 closes August-October period in the red, then the market is betting on changes.
By the way S&P500 currently printing possible Double-Top structure. And October not ended yet.
Bitcoin on-chain transfer volume exceeds 4M as price rises to 14 month high
22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000.
https://ct.com/91px
Notes
Why would such a huge supply move? To off load is my assumption. It can trickle higher. But it's not always necessary to catch the absolute top or bottom. Keep taking profits all through.
22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000.
https://ct.com/91px
Notes
Why would such a huge supply move? To off load is my assumption. It can trickle higher. But it's not always necessary to catch the absolute top or bottom. Keep taking profits all through.
Cointelegraph
Bitcoin on-chain transfer volume exceeds 4M as price rises to 14-month high
Bitcoin volume hits figures not seen in over a year following bullish news for the industry.
Forwarded from Plutus Capital
The head and shoulders for LINK broke down to the support and like we suggested, we could retest around $12 and then fall from there. We're still in the rising wedge and approaching $12.
Many assets have seen significant appreciation in price and major breakouts, however, some are still lacking behind.
Approach with caution!
https://www.tradingview.com/x/5IhztkX2/
Many assets have seen significant appreciation in price and major breakouts, however, some are still lacking behind.
Approach with caution!
https://www.tradingview.com/x/5IhztkX2/
Afternoon guys. Couple of thoughts I'm looking into.
ETC
XRP
EOS
DOT
An interesting scalping opportunity on these. Targeting 10% to 15% growth over a period of 3-5 days. Remember it's a scalp so you gotta have tight stop losses according to the risk reward strategy that suits you best.
ETC
XRP
EOS
DOT
An interesting scalping opportunity on these. Targeting 10% to 15% growth over a period of 3-5 days. Remember it's a scalp so you gotta have tight stop losses according to the risk reward strategy that suits you best.
I know you guys are keen on getting updates and we are trying our best to serve you with content. We are caught up with content creation and video production lately. We'll put out our work in a bit. Your standing support has always encouraged us. We hope you forgive us for the lack of updates.
Cheers
🥔
Cheers
🥔
We are done with the explainer video! The team has been working tirelessly to provide top notch content. Mr.H especially put out hours to create the video and polish it up for you.
Smashing the like button and showing some love in the comments doesn't take alot of effort from your end but does alot to keep our spirits high!
Here's all you need to know about Non Fungible Tokens or NFTs👻
https://youtu.be/Pe9_yuHaoPA
Smashing the like button and showing some love in the comments doesn't take alot of effort from your end but does alot to keep our spirits high!
Here's all you need to know about Non Fungible Tokens or NFTs👻
https://youtu.be/Pe9_yuHaoPA
YouTube
Non Fungible Tokens - Get the low down
Non Fungible Tokens or NFTs popped to the crypto scene in early 2019. They went on to create history bringing in millions of dollars in revenue to art galler...
Back to trading. The picture shows my pnl analysis from 05 October to 15 October. The first part you can observe is a deposit of $50 now the reason I put in only $50 into this account is because I use this account solely for the purpose of high leverage high risk trading. All the people out there need the adrenaline rush once in a while. Puttng in only about 2% of your portfolio into this account can first fall help you destress and also prove to be a great learning experience on the smaller timeframes. I would slide the bar completely 200% on each trade and make multiple trades a day all having the leverage turned up all the way. You can clearly see a copy of losses in the starting that's because I was accustomed to trading on say the 5 minute chart. The only reason I'm showing this is because I found this very useful when the market is extremely choppy e and my other accounts are playing on low level safe 5x positions. In short if I would get wrecked miserably it's a -$50.
Don't play big % on the portfolio
Don't play big % on the portfolio
Forwarded from Plutus Capital
BTC Analysis (Part 1): 10th October Recap
On October 4th, we gave 2 scenarios for BTC that either price takes the blue path or the red path.
The red path (bearish idea) was stated to be invalidated a close above $11400. Surprisingly, when price chose the blue path, it followed it exactly according to the arrow directions.
After pushing up, clients were able to enter some longs with eyes on $12000 and $13400. We've reached those targets.
Now we'll be looking at the bigger picture again to see if the whole bearish idea is officially invalidated or we keep moving up from here.
https://www.tradingview.com/x/ZxzOwXI3/
On October 4th, we gave 2 scenarios for BTC that either price takes the blue path or the red path.
The red path (bearish idea) was stated to be invalidated a close above $11400. Surprisingly, when price chose the blue path, it followed it exactly according to the arrow directions.
After pushing up, clients were able to enter some longs with eyes on $12000 and $13400. We've reached those targets.
Now we'll be looking at the bigger picture again to see if the whole bearish idea is officially invalidated or we keep moving up from here.
https://www.tradingview.com/x/ZxzOwXI3/
Forwarded from Plutus Capital
BTC Analysis (Part 2): Monthly Bearish Divergence
Starting with the monthly chart, we see some very interesting developments. The monthly chart takes time to develop so we can see its results much later than the other time frames below it.
On June 2019, the monthly closed at $10761. Last month we had another monthly close at $11658, which was above previous monthly close on June 2019.
The interesting thing is that even though price closed above previous high, the RSI made a lower high. This is normally termed as a bearish divergence.
Bearish divergences do not play out instantly. The higher the time frame, the longer it takes to play, so it's no surprise price still went ahead to rally despite the bearish divergence.
The coming candle close has a high chance of closing above $11658, however it doesn't mean the bearish divergence cannot play out.
This is something to keep an eye on in support the following analysis on the other time frames.
https://www.tradingview.com/x/CgnSAZyj/
Starting with the monthly chart, we see some very interesting developments. The monthly chart takes time to develop so we can see its results much later than the other time frames below it.
On June 2019, the monthly closed at $10761. Last month we had another monthly close at $11658, which was above previous monthly close on June 2019.
The interesting thing is that even though price closed above previous high, the RSI made a lower high. This is normally termed as a bearish divergence.
Bearish divergences do not play out instantly. The higher the time frame, the longer it takes to play, so it's no surprise price still went ahead to rally despite the bearish divergence.
The coming candle close has a high chance of closing above $11658, however it doesn't mean the bearish divergence cannot play out.
This is something to keep an eye on in support the following analysis on the other time frames.
https://www.tradingview.com/x/CgnSAZyj/
Forwarded from Plutus Capital
BTC Analysis (Part 3): Weekly Bearish Divergence
For us to really see how these divergences are placed, we needed to take away the wicks to make it clear enough.
The price of BTC is at $13000 resistance and as we got here, the unfortunate thing is that we have 2 bearish divergences formed, which is not good for more price appreciation.
The first and biggest bearish divergence is formed from $11475 high candle closing price on 1st July 2019 to a higher high candle close today at $13038 and an RSI point of 79 on 1st July 2019 to a lower high point of 69 today.
The second bearish divergence is formed from a candle close at $11926 on 10th August 2020 to today's higher high candle close and an RSI point of 69 on 10th August 2020 to a double top point of 69 today.
In conclusion, price has found itself in a dangerous situation as it's very likely the bearish divergences will play. And the chance is even higher considering the monthly bearish divergence also.
It seems bulls are not out of the woods yet.
https://www.tradingview.com/x/r6y5eXRz/
For us to really see how these divergences are placed, we needed to take away the wicks to make it clear enough.
The price of BTC is at $13000 resistance and as we got here, the unfortunate thing is that we have 2 bearish divergences formed, which is not good for more price appreciation.
The first and biggest bearish divergence is formed from $11475 high candle closing price on 1st July 2019 to a higher high candle close today at $13038 and an RSI point of 79 on 1st July 2019 to a lower high point of 69 today.
The second bearish divergence is formed from a candle close at $11926 on 10th August 2020 to today's higher high candle close and an RSI point of 69 on 10th August 2020 to a double top point of 69 today.
In conclusion, price has found itself in a dangerous situation as it's very likely the bearish divergences will play. And the chance is even higher considering the monthly bearish divergence also.
It seems bulls are not out of the woods yet.
https://www.tradingview.com/x/r6y5eXRz/
Forwarded from Plutus Capital
BTC Analysis (Part 4): Weekly Rising Wedge
Adding the wicks back, we see a very interesting pattern formed on the weekly time frame. This is a rising range which once again is a bearish pattern.
For a rising wedge to form on the weekly time frame, it shows that the chances the rising wedge plays out by price breaking down is relatively high.
On the weekly chart we can also spot how price has broken above the major $11560 price level that used to be resistant. The bearish divergences gives a high chance that we may retest $11560 as support.
If price drops there and is not able to bounce hard but falls through because of the rising wedge and bearish divergences, then we're heading for $7600.
As a trader, considering these various warning signs, it's safe to not open longs here at resistance. Shorts rather should be considered.
We're already short from $13300 zone.
https://www.tradingview.com/x/mTbja4YD/
Adding the wicks back, we see a very interesting pattern formed on the weekly time frame. This is a rising range which once again is a bearish pattern.
For a rising wedge to form on the weekly time frame, it shows that the chances the rising wedge plays out by price breaking down is relatively high.
On the weekly chart we can also spot how price has broken above the major $11560 price level that used to be resistant. The bearish divergences gives a high chance that we may retest $11560 as support.
If price drops there and is not able to bounce hard but falls through because of the rising wedge and bearish divergences, then we're heading for $7600.
As a trader, considering these various warning signs, it's safe to not open longs here at resistance. Shorts rather should be considered.
We're already short from $13300 zone.
https://www.tradingview.com/x/mTbja4YD/
Forwarded from Plutus Capital
BTC Analysis (Part 5): 3D Bearish Divergence & Rising Channel
Now we come to one of our favorite charts - the 3-Day. At a glance, we can see that price is trading at the resistance of the rising channel we spoke about some weeks back, which means the idea that we will break down from the channel is valid.
One thing bulls should be concerned about is the various bearish confluence on the 3D chart. First off, we have a bearish divergence in relation to the RSI.
Additionally we can also see that price has interacted with an old uptrend line which is now serving as resistance. The bearish confluence is just too much and caution needs to be taken here.
In conclusion, we have bearish divergence, uptrend now as resistance, and a rising channel (bearish pattern). This indicates thay price may be due for a correction to the nearest 3D support at $12274.
https://www.tradingview.com/x/rEuZVNzU/
Now we come to one of our favorite charts - the 3-Day. At a glance, we can see that price is trading at the resistance of the rising channel we spoke about some weeks back, which means the idea that we will break down from the channel is valid.
One thing bulls should be concerned about is the various bearish confluence on the 3D chart. First off, we have a bearish divergence in relation to the RSI.
Additionally we can also see that price has interacted with an old uptrend line which is now serving as resistance. The bearish confluence is just too much and caution needs to be taken here.
In conclusion, we have bearish divergence, uptrend now as resistance, and a rising channel (bearish pattern). This indicates thay price may be due for a correction to the nearest 3D support at $12274.
https://www.tradingview.com/x/rEuZVNzU/
Market Cap analysis by Alberto
https://www.tradingview.com/x/31VQFGvv/
Market capitalization is approaching key level
Last week has became a huge turning point for bitcoin which the price has already surged for more than 15% since its open on the early week. This upside moves is the direct effect because of the many good news that has occurred lately in the market. The biggest news we have seen was the Paypal decision to enable the buy and sell cryptocurrency on its platform. This news however has became the interest point for most of investors to put their fund on this market again and making the sentiment become positive again.
But, beside of this positivity we see on the sentiment, we must be aware of the key region too that the market capitalization faces in the above region. This $400 Billion level has became a very crucial zone that the market cap must watch. This key level is automatically becoming boundary of the price to go up. On the historical pattern, we saw a complete rejection and a huge fall after the market cap reached out this level. The first test was on April 30th, 2018 which we see a huge drop of the bitcoin's price from roughly $11500 to $3200 (-72%) and the second test was on June 24th, 2019 which made the price of bitcoin dropped from roughly $14000 to $3800 (-73%).
Although current sentiment on the market is now reaching the positivity and makes the momentum based on MACD ticks up on the bull side, we need something more stronger than current Paypal adoption that makes the market become more attractive again so the market cap can breaks out from the $400 Billion zone. If the market capitalization is back to above $400 Billions, I'm 1000% sure that the next alt season and the bitcoin's action beating the previous ATH will occur in the near future. Current bitcoin's structure is having the same alignment with this current market capitalization's structure which the price of bitcoin is now testing a crucial resistance which is the interim swing high of previous upside pattern.
https://www.tradingview.com/x/31VQFGvv/
Market capitalization is approaching key level
Last week has became a huge turning point for bitcoin which the price has already surged for more than 15% since its open on the early week. This upside moves is the direct effect because of the many good news that has occurred lately in the market. The biggest news we have seen was the Paypal decision to enable the buy and sell cryptocurrency on its platform. This news however has became the interest point for most of investors to put their fund on this market again and making the sentiment become positive again.
But, beside of this positivity we see on the sentiment, we must be aware of the key region too that the market capitalization faces in the above region. This $400 Billion level has became a very crucial zone that the market cap must watch. This key level is automatically becoming boundary of the price to go up. On the historical pattern, we saw a complete rejection and a huge fall after the market cap reached out this level. The first test was on April 30th, 2018 which we see a huge drop of the bitcoin's price from roughly $11500 to $3200 (-72%) and the second test was on June 24th, 2019 which made the price of bitcoin dropped from roughly $14000 to $3800 (-73%).
Although current sentiment on the market is now reaching the positivity and makes the momentum based on MACD ticks up on the bull side, we need something more stronger than current Paypal adoption that makes the market become more attractive again so the market cap can breaks out from the $400 Billion zone. If the market capitalization is back to above $400 Billions, I'm 1000% sure that the next alt season and the bitcoin's action beating the previous ATH will occur in the near future. Current bitcoin's structure is having the same alignment with this current market capitalization's structure which the price of bitcoin is now testing a crucial resistance which is the interim swing high of previous upside pattern.