Bitcoin Ribbons Predicts $3k Bottom, Alpha Alt Trading Spreadsheet, and XRP + LTC Trading Analysis


Hey guys, I’m a little hey Maddy welcome back to another Bitcoin trading video today, we’re gonna be taking another look back in time at 2014 in regards to EMA ribbons and how we can use them to predict the following knife That is Bitcoin you’re interested in that and more stay tuned. Hey guys, welcome back again We’re gonna be having an awesome video today with a comparison to the 2014 Bear cycle and how it applies to us today in terms of the EMA ribbons I’m also gonna be going over into a new spreadsheet that I’m creating Specifically for trading information, it won’t be financial advice and financial analysis as always But it would be pretty awesome to see what I’m looking for in terms of indicators and potential bearish or bullish news That could affect price action in the future So make sure you stay tuned towards the end of the video to check that out in its beta form That being said we’re gonna take a step back in time in 2014 And look exactly what happened in terms of the EMA ribbon So if you’re not sure we EMA ribbons are it’s just essentially a trend flow of different EMA averages Presented in a ribbon format so we look back here at 2014. We see that we had our descending triangle very similar We’re measuring our descending triangle from the top of this wick This was our dead cat bounce that we had after the exponential rise prior to the 2014 Bull run we were able to come up here have a dead cat bounce into our descending triangle we see that we came down bounce up and back down touch the top at the bottom and then Bottom down so as most people know what the same thing of a triangle is typically the left-hand side of the triangle the widest portion You’re gonna be measuring that to kind of determine when this support breaks of where the knife is going to fall So as you can see it conveniently fits within the 60% range, we had the top of the wick of the triangle forming here We have a 60% drop to where the bottom support ended up touching. One two three times arguably four times And then we can draw a 60% when that support was broken here on September 22nd, ironically September Q4 and here we had a smaller bounce back up to the so the the previous support now resistance And we actually ended up having One week I think and I’m sorry. We actually ended up coming down here and having one week of capitulation Down to 60% dropped. That was our low after that week We ended up closing where I think the 200-day moving average would have roughly been and used that 200-day moving Averages to support all the way back to the fib the fit band. So you see our this is our 200-day moving average This is where it starts. This is probably the oldest chart that you can find We’re on bitstamp trading at the moment The 200-day moving average actually only goes back to June of 2015, but we can do some approximate nations just by measuring price actions of how far the moving averages is moving I think there would have been a little bit more of a dip But by my calculations of how I looked at it it looks like the 200-day moving average was just below the close of our Most dangerous week that we had in Bitcoin so something to note here And this is something I’m gonna be looking towards in the future is that most of the price action that took us? Down about 30 percent actually happened in one week worth of trading You can see that there was tons of buy pressure down here below the 200-day moving average Which is to be expected from a trader You don’t really you’re not really trading below 200 moving average because at that point there’s really nothing so it looks like during that week we dropped below to the 200-day moving average to our priced target of 60% based on the descending triangle and then we were able to close above the 200-day moving average and use that as a Support in the future as you can see we touched it here Here and the second touch actually ended up sending us back into the fib lines And then back down again the 200 moving average if we go further We use it as a riding support back through it and then we started to see some tightening of the EMAs until we ended up going on our new bull run so What are these moving averages? What can they tell us? Well, essentially the switching of the moving averages confirms Kind of like the trend reversal rate. So here we’re looking at now. It’s important to note something I do want to point out that I did notice is that in this scenario in 2014 because there was such Upward priced momentum in the previous past the 100 day and 50-day moving average are sitting well Above here in our scenario 20:18. We still have the 100 day moving average to use as a support But we’re well below the 50 when we’re looking on the weekly, so we have a 100 day moving average target We have a 200 day moving average target if we expect the 200-day moving average to be the same supports before then We’d be looking at 3 K If we respect the 100 day moving target that you may be looking at a 5 K bottom but I expect the 100 day that Just gets smashed and an extended bare market looking into 2019. So What do we have here? So we have our EMA Lines kind of coming up here in the uptrend. You see how they’ve gotten very far apart This is kind of to reflect the exponential action. I’m pretty sure it’s like a 200% move above the line Typically, you’ll see 50 to 100 but 200 is very big now This also like many of our other indicators work as a magnet reversal So you see how we’re just so high up here above? the moving day averages even though we’re so wide apart and it still went wide because it’s soaking in a lot of this action that Was going on But you see it kind of just magnetically reversed the price action to touch the top of the first moving average Went into the moving average lines and then kind of came out what we’re looking for Is these moving averages to flip to show kind of a burn out of the trend if you would so something very interesting To note here and I’ve highlighted the top and bottom because those are gonna be what we’re looking to switch on so let me just kind of bring the server here because this is this is our candle that we’re looking for right on the edge of This price action movement This is our entire move in its entirety Come down here and go closer to 60% If you’re judging from the bottom of this candle that eventually broke the following week So what I’m looking for when I zoom in here? is what is going on with the bottom line here our bottom line of the of the of the EMA move so I’m looking at two lines one’s the yellow which is the top line and the black line and we’re looking for them to flip over As we have this scenario over here with the black line is on top and the yellow line is on the bottom indicating Maybe an end to the Bears like we’re a wait until we get to a reverse flip to go back into a bull cycle Right. This is kind of just eating up all the momentum prior from the previous bowl cycle where we need that to fade out So if you notice when we had out to eternal divine just for a second, but when we had this final action It was our largest selling candle Almost ever equal to the first selling candle that we had at the top of this previous move So when we go to make this final move, there’s gonna be a ton of sell pressure People are just gonna be freaking out most likely because we’re approaching the 200-day moving average Which is a pretty significant event in trading so we’ll take off the volume just so we can see what’s going on. So Here is our black line, and I wanted to zoom in real close. So people can see this This Just Take into account where we broke we actually broke here So here’s what we broke. Let me see how close along we are to these lines. We actually ended up coming back up and The first time that our bottom black line is going to crossover is going to be right here We see that as soon as it starts across the river. There’s a negative price action We’re at this point. We’re very far away from the line. So I do expect Retracement and this for tradesmen comes up to test the bottom of this triangle, which was a very serious support for us in the past Now it is I think I’m going to line by accident Now it’s going to act this resistance is a price action bumped through it a few times Here here one actually came all the way up to the bottom line that was in transition and then ended up coming back down So there might be some opportunity for some long trades during these short weekly time frames if we were trading in 2014 but as you can see, we really start here we come back to the bottom line and We just start crossing through all these lines for the switchover. It actually ends up going all the way To Wow, ironically it goes all the way to where our bottom was met if we come back here the first time we see the Black doing a test of the top Well, what is the top line now the yellow lines down here? We can see that it’s actually either on the candle. So from here We come out to about yeah here so from the switchover from the black line the bottom line of the previous bull cycle When we when we switch over From this point to this point. It’s about three months right in this three-month cycle. We went from being above the support line here To dropping to our lowest low of the bear cycle here from here We actually ended up going I think just somewhere between one and 150 X to about 22,000 or whatever it is 20,000 whatever the all-time high was But we actually had our 60% drop During these during this black crossover cycle here You could argue it started here as a precursor But this is kind of a fake out Into a pennant and down to our downside Why is this important? maybe it isn’t but I’m seeing the same trend And and I hate to do 2014 2 versus present-day comparisons, but it’s it’s it’s eerily similar I’m seeing the same trends happen here that I am in 2018 let’s go to 2018 and To us Okay, so here’s 20 18, here’s our our 200-day moving average if we look at the hundred day moving average. I just want to set a marker for where it is I’ll just draw Along the lines here 100 day moving average and we’ll set that back too Under So here’s our one energy moving average, here’s our 200-day moving average. I’m getting a call. All right ought to take that later according a video right now, so So our hundred moving average looks like it’s gonna be coming up somewhere in this range 200-day moving average sitting these are our two targets once I’ve 5,200 the other at roughly 2800 right now First we’ll draw our triangle. So we have it all set up or I should set it up before the video, but Ever So the bottom is right here. We had we had a test at the bottom before Break at the bottom prior to that. So this is really kind of the best line we can draw Here is our so you can draw two lines for this triangle The one I like to draw which I think is a little bit more relevant is here Okay, and Then you have a second line If you want to consider this to be the dead cat bounce you could consider this to be the dead cat bounce This is our first dead cat bounce with our high wick So if we measure those While measures in at about 65, which I think is too much and the second one measures in Take the top of the wick At 50 roughly problem 265 mark I want the 65 mark 65% robbed You would be well below take it over here. You’d be well below the 200 a moving average now if we recall from before In the previous scenario, we actually did drop pretty significantly below the 200-day moving average It’s gonna be this would be 2,000 maybe our next support you can actually come and see the fractal here that formed at the bottom here for this But there’s something really previous to that if we draw our 50% line if we expect it to bottom out From the descending triangle as we did before this would actually take you roughly around the The 200-day moving average we’re looking at you can see if I set it up over here That’s about where the 200 a moving average would be It also sets up. I want this fractal here so you could maybe use both but remember Keeping in mind if we are having a replication of a 2014 scenario, which is not always going to be the same Then you would be looking To have price actions go below the 200-day moving average in a weekly sell-off and then a quick retrace Towards the end of the week to close right above where the 200 moving averages to kind of let this 200-day moving average Eased to support back into a bull run. So what’s happening with our EMA lines that’s really what the concept of those videos is about well Zoom in here And we’re seeing that we have the first signs of our black line flipping to the opposite side Against the yellow which is our previous top all the way up here So you can almost say that we’re in the endgame now to quote infinity wars, right? We are in our first cycle of Breaking the FIB lines we see these fib lines are starting to get closer together We see that this black is it soon enough just like in 2014 just towards the similar part of the triangle This black line is going to start moving through all these moving averages and causing a great period of volatility now It doesn’t mean that we can’t identify potential long periods or shorter timeframes I think it’s definitely possible that we could come down Maybe touch this area on the first If it takes a while for the black to catch up with the rest of these we could see a little uptrend Which we were talking about before and that’s $6,800 range and in fact I think at one point during 2014 when we came all the way up and touched this before going strictly back down So it’s definitely possible. There’s room here to test this top But I think it’s almost I don’t want to say guaranteed because everything on this channel is not financial advice from a financial adviser But there’s a high probability that these black line that this black line going through the remaining of the moving averages to have a flip over of the EMA EMA ribbon, I want to call it the correct name so you guys can check it out on trading view and I have switched over to trading view for a couple of indicators that I Don’t have and I’m gonna be testing out the software I’ve used trading view in the past prior to coin in G, but I just really like horng’s interface It’s just a lack of certain indicators such as like volume Well, actually the main issue is that they don’t have I think custom scripts so you can’t get TV sequential you can’t get volume Oscillators on the right hand side. I don’t even think they have this indicator of the ribbon Because these are custom created by people who are on Trading view this was one of the highly liked ones when you search for him on trading view It seems to be fairly accurate when kind of painting the narrative that we’re looking towards So yeah My expectation is that we’re about one week away from seeing our first crossover, which would be my expect Expectations that whenever we have these crossovers happening between the bottom line going through each one of them We typically saw a negative price action in 24 team And then we would see a reprieve from the negative price action when it wasn’t actually crossing the line It was waiting to cross its next line. So we have two lines pretty close here together expecting the cross the first one next week and then and then the next one following week and then probably a little retracement and Then yeah, really just a falling knife from there something I find very interesting Is that these lines are getting very close together and the black line is getting close to crossing over all these lines Leading up into the week of the ETF decision. I’m never one to say that, you know finite new sources are going to come out Because of TA that were able to do but it would be very ironic I think it’s the best word to say is that if we saw a straight-out? rejection of the ETF Towards the end of September and then kind of us just going from there I saw some articles coming out to say the etf decision is the last thing that Bitcoin has Which I which I find, you know, very, you know gloomy if he would per se but yeah I see this cross ever happening similar to what we had back in 2014 Which is an indicator of bearish action and then kind of a reprieve from there So when we look at the 200-day moving average, it’s really just coming into this We’ll just read your all this to be the 50% that we’re looking at It’s coming right up into this area or we would expect Probably a bottom towards I think I had it when I have true it the first time before the video I had it towards the end of November early December. So if you think that this is the narrative that’s being painted out For you, and actually I’m having really bad deja vu right now from a dream because I never used trading view But I had this one dream that I did use trading view. So that’s really fucking weird But if you really think that this narrative is a narrative that’s panning out for you Then you should be preparing for you should be looking at all coins that you want to target Once we hit the bottom because we’re looking at these oversold all conditions I think that they could go on for a few more months I think there’s definitely some opportunities to look at and we’ll be talking about some of them today because I know a lot of you Wanted me to touch on some of those. That’s why I’m drawing up this chart to kind of start developing Patterns to be able to identify things on a daily or by daily or a weekly basis It’s something I’ve always done I’ve always to analyze things and put things into writing so I can kind of take a proactive approach with the system that works someone who starts working then we can start building off of that and I recommend everyone doing that and Pretty much every asset of their life because your your brain can only retain so much information and the longer time goes on The more likely you are to lose a portion of the information so if you have everything down and writing in the presentable format, then you’re able to retain more information Or at least reference information back and go what was I thinking back at this period how can I change this process? How can I improve it? that’s why I was a big proponent of spreadsheets back in the day, and I’m continuing to do them today and utilize Previous successes in my opinion for this type of stuff. So that being said very scary stuff, I think For a lot of people out there. You’re probably like what the fuck? bitcoins gonna keep going lower like if you’re if you’re in this mentality because like I did in my last video I want to Explain The Tale of Two Cities if you would But I had maintained my position I thought going lower was more likely than the previous Just because of the state of the market how far away we are from the happenings the different TA indicators that are telling us different things so You know, what’s going to happen here? I think we probably see that break similar 2014 bounce off the 100 day moving average Maybe come up Above the baseline for kind of a fake-out with a with a pennant and then we’ll be looking towards that late December early or late November early December 50% retracement from that line the way I’m looking at this is incredibly bullish If when you put it into perspective, I’m not saying this is bullish I’m saying You know, the potentials are bullish right? So I’m looking back here You could have gotten into Bitcoin at 150 dollars right if you had known that this EMA ribbons line worked exactly like this and if you had known like if we had past data if I had seen this before if there was another Extended bear market that we have seen prior to this to be able to analyze We could have used this period to get into Bitcoin at $150 and seen an exponential move up to 22,000 if you If you’re looking at it from that perspective If we see a similar Which I’m not sure as possible because you’re looking at it. You’re looking at it. We always say we’re super early, right? But you were looking at a period where? Literally, no one know about it and everyone knows about Bitcoin now But some little amount of people are in it and I know we still have a long time to go and there’s a lot of possibilities for Large institutional investors starting to pan the market with money. So, you know, we could see some sort of parabolic move that That Trump’s the recent exponential move. It’s definitely possible But you know, maybe the biased part of my mind is like, oh well from 150 to 20,000 like that’s a lot Can we do that again? Because if we do that again, you’re looking 20,000 to 400,000, right? That’s that’s pretty insane to think a Bitcoin at 400,000 But a lot of people including McAfee who went to chop off his own dick They’re calling for a million dollar Bitcoin by you know a certain timeframe. So, you know, I guess everything’s possible Especially given how young the tech is how much if it can change the future You know just a number of things you name it I ever think everyone is heard you know the song and dance before of What Bitcoin can do and have little amount of people are actually in Bitcoin at the current moment, even if you include? larger countries like Korea and Japan and in that narrative or India for example, so And by the way, India’s important to bring up I think they deferred cryptocurrency regulations for a couple weeks wouldn’t be surprised if that’s going to get baked into this as well You know India potential exit from the market from India, maybe ETF denial maybe. I mean all these different potential new sources that could cause some sort of pressure on the market onto the sell side It’s happening all the time. There’s a lot of people who are a lot of dormant accounts from 2014 selling their Bitcoin now, maybe they see a very similar patterns happening with these favor ribbons and they’re like, okay well, You know large buyers want to put I want to sell off their shit and buy buy even lower I mean I would have if I was in 2014, I would have sold out at you know Whatever in the in the thousand dollar range so I could buy it for 1/10 the price, you know Now you could sell out and buy it for maybe half the price obviously if I was those guys I would have sold much higher But you know who who’s to say? What is what is what in terms of bottoms and tops? From a a person that’s looking at it from that perspective. So very interesting narratives forming around Bitcoin. I think from a Makarov Resent ation. I think there’s a lot of negative music potentially drop in the quarter that could definitely Push this push this narrative. This is a more macro narrative We’ve been looking at this descending triangle happening for some time now waiting for some sort of move And now these bands are starting to get tight We’re starting to see a lot of pressure almost like a squeeze if you’re a Bollinger Band fan as I am Just some sort of squeeze happening here between the MAS getting really tight together Which is an indication of a big move of coming and it’s on the bearish side So, you know kind of goes into an era with the descending triangle I know a lot of people don’t believe in sending triangles, but this is this is pretty big stuff I think the other one was 65% Actually 5% low which would be 2000 which would even be well It’s not gonna be good for me because I’m not putting my um about that. I’m not putting my buy orders in at 2,000 I’m gonna be putting them in at 3,000 And I want to see what happens with the 100 day moving average first. And again, it’s not financial fights not financial advisor I’m not the type of person but that being said This is pretty clear evidence in my opinion on a very long time frame that we’re seeing this type of stuff happen so anyway Yeah, interesting. I know it’s very bearish and people FRA are gonna be very happy with it But it’s pretty realistic in terms of looking at past data in terms of what these Indicators mean and it’ll be exciting to see them in my opinion. A lot of people are like, oh this fucking sucks I have to deal with another fucking three months of this bullshit. Well, guess what? It’s only three months go fucking take a vacation or something in three months You might be able to buy at the bottom switch your money into all coins and then ride a sideways action We’re also just gonna boot cuz alter are like 85 percent oversold positions Now you could also take the other side of that coin and say well also never coming back only certain ones That’s why we’re doing what we’re doing on the trading watch sheet So let’s hop over and debut the beta version of the trading one sheet Boom the same fucking standard bullshit before I’m just kidding Okay, so I have and I don’t want anyone to get the panties twisted in a bunch I know there’s gonna be a who are saying things along the lines of oh, well, you didn’t put my favorite coin on there Whatever, that’s fine. It’s whatever what I did with this she is I went through all 100 of the top Ball coins including Bitcoin – Bitcoin than the other 99 all coins, and I also went through 200 through 500 to kind of just get a Represent representation of what I like what I don’t like what I feel I should research because I don’t know anything about it and in top 500 priority, which is Ranked 100 to 400 to 500 Just coins that I’m picking out because I only have so much time on my hand and this she’s probably gonna even get convinced down Further because I spent about an hour just going through the top eight and that took a while so definitely need to excuse me either Either rework the process of how I’m gonna be doing it or bringing on people to help People who kind of see my vision what I look at similar traders Do I have a personal relationship with who I can trust in terms of putting in information? And please don’t comment in the bottom of being like, oh I can help because I don’t know you unfortunately the cryptocurrency space in a very volatile point right now where Certain people you can’t trust so and because I’m let’s look at it. So I kind of go over Similar what I do on my on my channel when I’m reviewing videos One hour for our 12 hour daily three-day weekly rate The reason why I even put the three day in here is because most all coins are not gonna have weekly numbers the moving averages and if the echo Mogu clouds Are just not going to be prevalent on some of these weekly time frames because of how much data or limited data we have so some of them do have Three-day charts that you can use most of them are just daily and before and that’s why Trading all coins is a lot higher risk than Bitcoin bitcoins been around for longer. We have a lot more trading data That’s why the price of stable lives versus alts when they bleed or boom So I put in all of them here I want to look at all my notes across all time frames to look at short or long positions or short-term or long-term Positions and certain things. I also have a macro note For certain news and and what the market is perceiving or what I perceive the market at that time And I also if I’m looking at something I’m looking at potential targets based on PA and not financial It’s not a financial advisor, and I also linked some news articles here to kind of go along with the macro notes So looking through here Just for a short demo, I guess of what we’re looking at. I’ve been able to go through pretty much Five coins. I think we pretty much did Etha theorem XRP Bitcoin cash is stellar Lake coin so One thing to keep in mind whenever I’m looking at all coin trading The number one thing is I’m looking at Bitcoin because I presented this hypothetical question to a private group That I’m a part of that we’re saying Oh You know, Tom Tom Lee from fun strat is putting out all these things saying All coins are oversold at 80 to 86 percent with the highest since the previous trends where we had big all coin booms So we say we should expect an all calling boom and I’m like, okay. Well that’s positive news I like that the problem with this is Is this hypothetical scenario? If I told you that bitcoin was gonna be sub 4000 by the end of 2018 Right, what would be your expectations of an altcoin boom happening between now and December? Well, it depends so up into this point and people this is where I’m not very contrarian I actually believe that cryptocurrency is very anti contrarian. I think Momentum in terms of emotions kind of carry through and then you can look for smaller contrarian opportunities So there’s two realms of thought with this hypothetical situation number well Number one realm of thought is that a Bitcoin Falls 40 percent everything else bleeds with it up into this point in 2018 We’ve seen that since the bull run ended at the end of 2017 January 2018 since the bulck bulck Omnia, this is a bull trend ended we’ve seen that all tip just typically followed Bitcoin well There’s something to note about this Bitcoin was oversold and so were all the odds so it might not be the case that they’re actually in sync with each other because we look back to 2017 in the bull run and we looked at Certain certain ther trends that happen within that bull run that have to do with like Segway and Bitcoin cash force and uncertainty in terms of Bitcoin also in a different direction We actually had a lot of all coin runs that happened during that period because Bitcoin was taking an you know It’s time to go lower There may be some opportunities in the Aucoin market on the flip side of that thought process to say, okay Well, we don’t need to necessarily say that there’s an intrinsic relationship between Bitcoin and all coins we can say that they were both ever sold and that bitcoin is just Driving that pressure because there’s lack of investment support. Well, I would argue to say that if Bitcoin is falling but there’s opportunity to make profit people will hedge into alts if they feel that they’re oversold Let’s say we say, oh, well a theorem can’t go any any lower though. I mean if we look at the etherium Indications right here as a possibility I think could go lower I think my original target was two fifty two three three hundred when it was at a thousand now I’m now ivory drew those targets – 150 200 because the ICO The ICO bubble had just completely bombed out essentially So you’re in there’s a lot of fun around aetherium right now Which you can look here a lot of bearish news On a theory and market sentiment as bearish do – I cos. That’s the macro notes very self-explanatory Sometimes it’ll be a little bit more than that but I think we all kind of feel that sentiment about theorem right now as a collective as a community, so Yeah, you know aetherium could go lower for sure, but there could be opportunities here You know for things that are going on and we’re gonna look at this mainly though alts as a whole I think we’ll still follow Bitcoin because People want it people don’t have their money in the market right now They’re kind of just pulling their money out of the market into feei That’s why you’ve seen tether rise to a thon high market yet That’s why you’ve seen true USD come up into the top 100. I think it’s at like 80 or 70 at the moment, right? So coming back to what we’re saying. I think there’s Opportunity but the very high risk So the number one thing I always do when I’m looking at alts in terms of trading opportunity is to understand that it’s high risk and to lower my My leverage or lower my skin in the game. I don’t wanna say levers because then you confuse it with it max You know lower lower. My exposure is the best word. I want to lower my exposure but still capitalize on gains That could be that could be potentially made. So I looked at these top five coins that I’m looking at I like lifts and before I go into them. I just kinda want to go over everything So these are all the coins in the top 100 that I liked Outside of the five that I mean You’re looking at like card a diamond era – Neo Finance coin nem Doge became Z cash OMG Liscomb tala GQ 2 QX Dilek on a nano icon wave steam etc And just read the whole list as I scroll down here. You can pause one two three Alright, so most of these are I either like the idea I like the community I like I think that has a strong community like nano I’m not a big fan of Nana, but I think Nana has a really strong community I like social media coins like wave some Steven I Just put poon DX in here because a lot of people have been trading poon DX I’m not a big fan of hoondi access, you know I didn’t invest and I thought I think the not gonna comment on poon DX but People who have watched previous streams know how I feel about 50 acts that being said Puni actions had a lot of trading on it’s it’s been able to solidify itself within the market as an altcoin because of its positive ROI So I did put it on here. It’s not that I like poon DX It’s just that I think poon DX is a potential trading coin, which I think is a positive for poon DX So maybe that would make me like it a little bit more that being said the rest of these are a lot of block chains that I think could be potential in the future or at least Have some positive price action if the market turned around or I just like the idea in general like everyone knows how I feel about ZRX You know, I like privacy coins. I like blockchain coins, etc. Looking into the dislike coins. It’s I’m not it So again iota and dislike coins does not mean that I’m not going to trade on them, right? It just means that these are not things that I would put into my portfolio People know I’m not a fan of Tron. I think that’s a very divisive topic in the industry So I’m not gonna talk about trying right now. I’m not gonna talk about anything I just am NOT a fan of trunk somewhere in my cognitive bias Not digging on trying I owe to gets a lot of fucking shit and I don’t think it’s developed enough yet so iota though I’m gonna be looking at it from a trading perspective. I don’t like I out of it a theory in classic I don’t see a point for it, but people like a theory in classic. That’s fine Like it’s fine to be on this list. It doesn’t mean that I think these are shit coins though Some of them probably are shit coins. Not a representation of them. Just my opinion that being said They’re still in the top 100 And there’s there’s opportunities for these to get traded on for sure iota intron and theorem classic have huge opportunity to get traded on Maybe not as much as maybe the light coins, but they do and then the research for listing These are coins that I don’t know much about so I can’t put them into a like or dislike dislike category These are things that I’m probably gonna do some video content on So I could learn more about them and I’m not gonna waste that information. So might as well translate it to you these are things that I haven’t researched in the past and I want to know more about Being said top 500 priority. These are coins that are outside the top 100 But I think can either be traded on or I’d like for example Another big fan of khyber especially with the recent improvements in decentralized exchanges with other different people Coming out we talked about these decentralized exchanges or bunches. So anyway, Hybrid, Develin can be traded on still as byte Alexanian floating around around it it exchange coins like by box I’m always gonna be looking at for upside same with like I think ACS is in here somewhere enigma Even though that I think that there was pretty shitty what happened what the Krauts and stuff I think it could be an emerging coin in the future, you know polymath fact and fall into that category Go chain, even though people don’t like it because it’s aetherium fork. I think can play a role in the future civic is just kind of a I’m not a big fan of civic but It’s it’s a it’s a coin day. You can trade on a same with economy That’s an old like old era coin, but you can still be traded on Matrix a potential upcoming project that could pay gains long-term pork chain Not very happy with obviously because of what just recently happen what their sale but they are working on their project So we’ll see what happens Credits to say thing. I wasn’t a big fan of but again, they’re working on the project for my knowledge Nucleus vision big fan of a be not sure where the problem is going to go in the short term But it’s something to keep my eye on blues L. I’m bullish on Aragon metal, these are old-school coins that have places in the top 100 that are no longer their Mainframe, I like the team and and everything So I want to see what happens with them peach a and even though I passed on them from an SEO perspective it’s something I’ll be monitoring and taking a look at and obviously our Favorite over here POA network. So I think that’s a detailed breakdown on how I’m looking at this I don’t want people to come here and be like Well, you put my coin and I like on the dislike coin with the phone or XYZ It’s like that’s not what this she is about all of these I want to do TA on and all of these I want to keep up with it’s just that you know for long term portfolios when I go to make my Diversified portfolio I’m most likely gonna be pulling from the litecoins and having a low volume percentage on some of the dislike coins and top five hundreds also These are how often I’m gonna be trying to check them So I’m gonna be checking my like coins daily my dislike coins Maybe every three days like once or twice a week probably and then the top 500 probably weekly until they start catching some more Some more timeframe volume to be able to look at and this makes sense because if you look at the top 500 Priorities most of them probably aren’t gonna even have a daily chart The best of my people to pull out is like a 12-hour chart so do me very quick checks, but I need to be able to Streamline this process and make it a lot easier because right now spend two hours just going through you know, my top five Coins but let’s talk about some of the stuff that we learned today or that I learned today So I’m looking at X RP and I’m looking at litecoin To be the two winners out of this gauntlet of fire if you would So when I was looking at the X RP and maybe I’ll pull up a chart and look at it put a little bit tired right now after doing all this ta for like three hours Prior to the video, but you can double check these on your own charts and I’ll probably maybe put out similar videos soon Regarding them or maybe we’ll do them today. We’ll see how I feel after this. So the first one is X R P So the first thing I note is the macro notes The macro attitude towards X R P in terms of news release is actually very bullish So x RP just close some of its lawsuits that were against it They’re looking at tokenized securities to possibly be listed on ripple which makes sense to have kind of a back bank back coin Put into that securities listing rippled is set to lead an alt rally there’s an article that’s linked to the right and also ripple is beating Swift in payments speed by almost 50% and XR peak Bank x RP can save banks money so you can come here and check out these four links I might list this in the description below But if this was live obviously I said it’s a beta so I want to give it some work These four links would be there Awesome news articles you can check out crypto panic and just look for XRP You’ll find these four articles good reading to kind of look at the macro de So we see that the highest time frame we can trade on for XRP due to the time frames is the three day And it does have a USD pairing, which is very important USD pairing provides easier liquidity and access for investors So you’re more likely to have upside when you have a USD pairing doesn’t mean that you can’t have action, but what I have in USD pairing it’s tougher so Looking across my notes here. We had a king flicking MACD. Let’s just pull it up bucket will do it, dude We’re doing it live here on the stream Or it’s not really alive. So oh yeah. Another thing is Recommended exchange. So a lot of a lot of exchanges won’t have the complete data set as you know, we trade on binstock bitstamp charts for Bitcoin because it has the longest time frame that goes back I think Trading view has some sort of download thing They can take you back way back, but it’s like a relevant information But you know just to keep things simple Bitstamp is usually where we’re going so you can see if you want to trade on Bitcoin cash the oldest time frame you can trade On it back is back with bit the next same with es on v and x v and x bit tricks for stellar I think stellar is actually traded in Bitcoin now, so if you wanted a USD, you have two smaller timeframes So I was just looking at that And then also Biffen X on litecoin. So if you’re looking for anything like back in like 2014 prior you’re probably gonna be on bit stamp, you know x RP etherium But most of the stuff will a bit on pimping X in terms of the longer time frames. So look at bitstamp 4x RP I’ll go to the USD pairings And we’ll go to the one hour time frame Okay, so what were we seeing when I looked at is so we had a conflicting MACD Which you can find I can’t even fucking see it right now That’s how far you have to zoom into the MACD Let’s just make sure all these lines are really bold for you But I’m getting complaints Thick Like it All right So we’ve had downward confliction on the MACD not really showing as much we’ve seen a couple crossovers just kind of trading in this channel if you would Going all the way back to previous We were on a bullish upside on in terms of the histogram, but now we’re seeing across over. So that’s not encouraging or say that being said we see a Potential pullback to test the leading span and I guess this would be a good introductory to some of the language that I’m using So whenever I say something like leading span or baseline that’s referring to the echo moku This blue line here the conversion line I like to call it the leading span, but I always call things stupid names that I have Nothing to actually do with what they’re called. So we see that there’s been pullback happening We just kind of been getting sucked back up into it and then getting rejected So that leading span is being acted as a resistance, but we’re getting kind of tight here Which could indicate a potential break now, most of the all points are gonna have lagging spans Just trading well below their price action so Baseline testing is going to be irrelevant in most of our scenarios that we’re looking at but we see that there is a somewhat medium-sized gap between the baseline which is kind of setting up around the 28 cent mark we see the dragging down span of the bhikkhu moku for the For the resistance cloud at the moment. So all of this will serve as resistance on the way up Looking back to our notes We’re saying that it’s soon going to test the 20-day Bollinger Bands bebe will stand for Bollinger Bands 20-day will stand for the middle moving day average that sits between the Bollinger Bands We’re going to be coming back to test to see if we can get a bullish sign So we’ll turn on our Bollinger Bands and we’ll zoom in here just briefly and we could see that We’re coming back off this bottom something. I did notice here and you’ll see this in the notes Was that this very clear W bottom that happened where we had a close of the Bollinger Bands for the bottom band And let me make this Ballinger been a little more thick. I usually don’t thicken out the tops Okay, so you can see that we had a clear clothes right here with a With a low that did not touch the Bollinger Bands, so we’re looking for a potential upside Happening here in the next few hours on ripple coming to test this 20-day moving average If we can get to the opposite side of the 20-day moving average, it would be bullish So another thing that I’m noting that I didn’t know and the thing is that these Bollinger Bands look to have potential expansion Just fine by us We need that. This is where we would be looking For entry here around this 25 to 26 cent range not financial. It’s not a financial advisor but if we followed the rules of W bottoms, this is our first point, this is our second point and we’re looking to get An uptrend going this direction So if we kind of look down here our entry point would be somewhere around 25 26 cents And I think the further exit point I was looking at I Was looking for somewhere in the 30 to 35 cent range and we’ll cover that in a second I want to make sure I’m not missing any notes here So I talked about the bullish W bottom that would take us through the clouds on the current top resistance at 28 cents That we talked about on the e komoku Here it’s somewhere around this This one’s a 20th cents. I think the top is at 29 cents via the top line here that typically indicates hidden resistance They’re sitting at 28 cents. It’s broken down now. It’s getting a little thinner in this 27 cent range So it gives us the opportunity for at W bottom bounce onto the bull side And it would break this baseline. But again, the lagging span would need to come along with it So maybe some sort of test in this area. The baseline would be very bullish but that being said if you follow the W bond pattern on the Bollinger Bands Then you would expect to see a rise above the 26 or 27 line into the clouds and look for Bullish action. So if we think that we’re gonna be looking for bullish action on the hourly Then we would go to the next time frame which is the four-hour chart Didn’t come here and see that we still have a conflicting MACD mid happening We’re looking at this is actually a bullish sign. So when you see this happening Okay, so a couple things to note Which will start becoming prevalent on the 412 and I think even the daily we’d have to look back. Is it certain? Certain altcoins right now are in a falling wedge pattern Right. They’ve just been hit the hardest. They’re probably the most oversold Here, so here’s our falling wedge Our falling wedge expectation and you need to even take it back there. It looks the best I think a falling wedge expectation is that Whatever the price action drop of the widest point of the wedge. It’s pretty similar to a descending triangle We would expect an uptick from that point so we’d actually be looking here on this following wedge Six to seven percent gain Around here. We’ll take us up to the 28th set now as we know the 20th cent line would be well above the It would be well above Trying to think of what it is it would be well above the Hourly cloud that we need to break. We talked about 26 to 28 cents So this would be a break through the cloud if we’re able to get there and we can still keep going more So something to note is that when we’re looking for a falling wedge There’s a couple things you actually need to confirm. The first one is that you have a MACD on the rise, which we do This is from the bottom of the MACD, but you’ll really look at it from there That’s how the chart would prefer you to look at it. But we also have it down here We have confliction and we’re also way down here if you look here in terms of the MACD histogram This is we’re actually we’re trading pretty low last time we traded this low was at the previous bottom here So yeah, we were trading all the way down here we’re not trading as low as we were there, but we’re still trading pretty low in comparison to most historical Points, this is maybe close. Maybe we’ll call this average. We’re trading average instead of low And you’ll see you’ll see me talk about that with the MACD. You’ll be like MACD mid MACD low. I’m acting neutral I’m really just talking about the position of where the MACD is or whether where the crossovers are happening So this is like neutral territory. This would be low. This would be medium. And this would be deep. I think I call it deep Maybe I’ll do like a key a key map So you can follow along the terminologies. I think really maybe just watching this video would be the best thing So that’s the first thing right? second thing is the CMF the cmf also correlates with the MACD and falling wedges and you’re looking for a Positive turn to the upside for the histogram on the cmf. So here’s your center CMF you’d be looking for something like this which We came through a bearish sign of cmf more bearish and now we’re coming out. This is another confirmation from another indicators that’s one to three indicators that are telling us for upside the next thing I know is There’s a divergence happening. We have a double bottom happening here and Roughly you could take this wick for short. We have a double bottom happening here On the on the price action and if we go back to here if we were measuring these two bottoms this this would also be able to vergence but We’re not here’s a this is this is another divergence. It’s actually happening we go back to our previous low we have a Game you horizontal line? Lower low in the price action And we have a higher high or higher low The in the RSI, so lower low and price Here higher low and indicator Reversal divergence. It’s just another indicator that’s supporting our claim of upside on XRP Also, if your if you were judging this one, this would be a double bottom Seat here You Be kind of a no trade zone it mean technically it’s a double bottom to lower low which would be Double bottom to a lower low anytime you see something on the lower low It’s gonna be divergence and anytime you see something on the higher height, like if you’re if you’re judging high de vergence, it’s always bearish Typically, so if you look here higher high in the price action Double top in the in the RSI double top in the price action lower high in the RSI or indicator higher higher high in the price action lower high in the Indicator these are all bearish over here lower high with a higher high in the indicator double top price action higher high Same thing anytime you’re judging the highs. They’re all bearish anytime You’re judging the lows in terms of it not making the same thing. It’s pretty much in two versions so sums of urgencies I feel like are stronger than others But this is a really good way to kind of keep that top of mind So yeah, if you look up falling wedges on chart schools, they’re gonna talk to you about CMF They’re gonna talk to you about about the birds and signs. They’re gonna talk to you about rising maxy action all these are indicators of a potential bounce out and as we said before That’s four So yeah, I would be looking for that. So Yeah judging this week. This would push us to 28 cents We could still get some higher action, but I want to see some higher time frames to get more confirmation So let’s just see that we didn’t miss anything Talked about the conflicting divergence talked about the midterm price gap on the baseline. No, we didn’t talk about that So if we look at the echo moku right now There’s a pretty large gap between the baseline and the price action which are always going to find in a falling wedge Mainly because you’re just so far away. You could make an argument. Actually that this is actually the top of the falling wedge But it’s hard because you kind of run into that Very hard art the proof so you really just got taken from from this action anyway Yeah, so the baseline is pretty far away there’s weakening in the clouds here’s pretty weak resistance cloud this resistance cloud sets up at 31 cents important to note the bottom between 28 and 29 cents The baseline setting up also at about 29 cents. So if we thought that there was going to be a pullback to the baseline You’d be in that range. So the four-hour chart showing us some of the most bullish Stuff going on did I show the Bollinger Bands? Let’s just show them real quick All right. So we see Bollinger Bands winding up we see the riding here The W failed here and there was a close and then up and then but then we touch the bottom here So just continued to fail we were riding below this 20-day moving average for quite some time. This is less uptick of Ripple Okay Just make sure we’re not it’s anything Is this is something important? So most of the time with most of these alts you’re going to see since we’re in a bearish cycle, you’re going to see 200 100 50 day moving average all kind of you’ll see you’ll see what’s very similar this pattern So I’ll just kind of be moving in signature with each other. Well, there’s something going on with her bowl We actually just had a recent crossover here of the 100 day moving average with the 200-day moving average But it’s it’s kind of riding along with themselves so this falling wedge kind of came with the crossover here the 100 my Expectation is that because of all the indicators saying we’re going to go up Especially for a potential 25 percent move across multiple time frames My indication is that this hundred-day is just going to come up and make a clear distinction for myself because right here This is not a clear distinction of itself. This is just Ripple deciding what it wants to do which is causing this downward action, right? So if we expect to come from the current price of 25 cents up to the 20 to 30 cent range Then we would expect this hundred day moving average to kind of soak up some of that upside action Or these these averages to soak up some the upside action. They get clear distinction between itself on a shorter time frame All right. Let’s move over to the 12 hour I was looking at the 12 hour we have Bullish divergence continuing so we have a double bottom here on the lows Here you’re able to make that distinction between the lower hi are sorry the love the higher low and we’ll just draw it for you real quick able to make this distinction a lot bigger because you can’t make the distinction right if Let’s say this came down to here I’m now there’s a there’s an interfering point between here and here so Here’s our last law on the 12 our easier to distinguish because of the longer time frames This is a clear low if we look back at previous trends and we can just draw from here to here. So No, intersecting points clear divergence happening double bottom high or low. That’s our first time coming back We still have our falling wedge happening here Very clear now and for that falling ledge It’s easier to draw But fuck up There So this comes up to actually 33 cents Right, and it comes down to an 18 percent gain Which 18% from the bottom of this Would be 31 cents. So we have a continuing falling wedge pattern with an upside of 31 cents here That correlates with our previous Komoku resistance. I think that was at 31 cents was there’s a lot of room between here in the 20-day moving average there is a small W happening, but I think it’s irrelevant on the 12th day and we have Potential bullish crossover happening here in the mid range for the MACD and the switchover also still happening for the cmf When looking for the falling wedge, so again all indicators pointing really bullish 12-hour giving us additional information To see some other stuff here creasing volume RSI oversold There’s increasing volume. Yeah, there’s increasing volume here coming to the bull side potential Potential histogram MACD flip which is happening hasn’t happened since mid-august Same thing happening here on the UH komoku. The price line is we’re starting to see this So you guys knew I drew this triangle pattern. It happens with the base line There’s a there’s a more minor or medium level Magnetic symbol that gets drawn and it’s a it’s a downward triangle, which is right here Terrible triangle I fucked it up, but you can see this is kind of like a half triangle And so the the full deal that you would get for a really bullish uptick that we saw recently Bitcoin They work Bitcoin went up to that little dip in the sixty nine hundred dollar range. So or the 7200 yeah, seventy two hundred dollar range so important note. This is still magnetic force, but it may not be Depleted yet. There’s still a little room over here on the One of the wicks that happened in this previous double bottom, but we’re still in that territory So if ripple bleeds any more than this have even more bullish twenty four twenty three cents I get higher returns on my entry if I decided to come into ripple And that’s really and then we look at the daily notes Now if everything just read this real quick, okay So the same divergence is developing on the 12-hour that’s developing on the daily The following wedge is still in the place on the daily Which is the best I can have because it’s my longest time frame that I’m trading on right now Just a three hour, or the three day is not fully Developed yet because of timeframes price is getting away from the 36 percent baseline So we have a very similar scenario here happening across all levels this one even farther away I Just fucked that up completely It’s supposed to be more of this, but you can see it’s getting even farther down. We still see our falling wedge We see a potential for reversal for MACD crossover including histogram upside We’re seeing double bottom happening on the wick with the divergence as well. And you’re seeing the cmf Not sure what to really do with expectation on the upside. So across all lines Similar things are happening all bullish in my opinion Tied in with some positive news as well nothing specific that I see happening with Ripple as when we compare at the lake coin and you’ll see that in a second Because sometimes you won’t know news coming out other times You have an idea of where it’s coming from in this scenario if there’s gonna be some big news with ripple I don’t know where the fuck is coming from, but there are positive news sources out there Could lead to a sustained rally. So giving are Kind of like what we were looking on with some of these price points Which I kind of name out here 31 cents 36 cents 28 cents I would be looking for an upside move from ripple and the near-term somewhere between 20 to 36 cents Which I kind of outlined here from 30 to 36 cents if this plays out I’d be looking for a 25 to 40 percent gain Obviously dollar-cost averaging between these ranges and reanalyzing on a daily basis to make sure that our trade is still intact with some appropriate stop losses based on fractals And as you move higher in price, you can just kind of readjust your stop-loss as a few if you need to But that being said again everything on the channel is not financial advice on financial advisor These this work is just perfect is for my personal use I’m just sharing it out there with the world to see if they see the same things and give feedback and see what people think about it and Kind of engage the community with this type of thought process. So I put here on the status that I’m bullish on all time frames With bullish with macro news so very surprising but again ripple is at such an all-time low From that recent spike and ripple goes through these scenarios, too If we would look at coin market cap Ripple was actually one of those coins That does these things where they just like it goes up and then just bounce out it was up bottoms out goes up bombs hat Goes up, you know Recently and I can’t draw a line right here But there’s actually a line coming up looks like some sort of channel on the bottom ends of the channel Where this line can kind of see where it would go it would come right to where we are right now. So Maybe there’s gonna be some huge spike in Ripple. Who the fuck this again. I’m Looking at Bitcoin to be my guiding light through the tunnel to say what’s going on in the market as an overall Suggestion but rip ripple could be one of those coins that goes against the trend another thing that we’re looking at here is like coin then this will be our final one and why in the video I’m sorry this is a little bit long I didn’t really want it to get this long but there’s so much to setting’ information and trading right now in terms of different things that we can learn and you Know this spreadsheet that I’m working on kind of like a new a new level of excitement I think the most exciting is just being able to get in at the bottom and then kind of work our way up From there. All right, so like coins same deal I’m bullish across all time frames the news on like coin as I said is a little bit different So the news articles I highlight here is that Charlie lays out plan on how Lakeland can replace fiat? It’s kind of just a bullish article like coin holding a major first major conference in San Francisco on some September 14th and September 15th My question in here is could there be news is there exciting news that’s coming from Lake oil typically when you have these conferences A project will like to have news in the conference or there will be conversations happening behind closed doors We see I haven’t at consensus a lot and we won’t find out about it for months. Later But there could be some exciting news coming from litecoin that we’re not aware of There’s another article that’s here that I have listed in the article section to the right, which I thought was incredibly bullish Is that light coin segue usage overtakes Bitcoin close to 50% So making the making the argument that could light coin? Be the true the true alternative to Bitcoin Considering it has a Bitcoin foundation. So looking at these Notes that I made for myself will burn up like coin USD what exchange with NEX understand? Does have USD pairing obviously. All right, we’re good with one hour All right, so again, I’m looking to target I’m looking to target all coins that have a falling wedge happening have another following which we have see the RSI is not on an uptrend which is Not as good on downtrend potential bullish crossover in mid territory But we’re kind of far away from that so we might have to bleed a little bit more on like Clint histogram up side We have a double bottom Somewhat. It was close. Let’s see, right We do have a double bottom with a previous low on the hourly so well to check higher time frames for confirmation Let’s do it notice we had here Short-term divergence with the medium-sized gap. Okay, so we’re talking about here Double bottom in the urban sold category on this low and this low on the short-term time frame With a lower low for the divergence in a falling wedge cmf overtake Not really good on the MACD conflict on MACD mid-size with a bullish potential bullish cross confirm W bottom waiting for cross at $52 with top resistance at 55. So I Guess what to look at the Bollinger Bands? All right, so this is a really good example, but it looks like over the last two hours We actually touched the bottom. So this is actually very bad On the negative side, so we’re having some sort of bottom out that’s happening on my coin right now, we’re super far away Baseline is trying to catch up with us Okay, it’s a short timeframe let’s go over to the four hour Have month before our here. So this was just kind of a neutral neutral with somewhat upside MACD trending upward with short-term So this is what we’re looking for and we talk about falling wedge divergence Again, we’re looking for upside on the MACD with a potential crossover and potential crossover We’re looking at Looks like we broke the double bottom here. So this is Means still good because we still have a Depending on when we reverse if we reverse soon we still have a higher low on the indicator and a lower low here And that higher low Trendline actually comes all the way back here Which is more major low lower low in the price action The baseline, you know we covered that baseline is now chasing catch-up Average hydro systems. All right. Yeah, not much on the 4:00 hour as I said, but still Narrative is completing cmf just one polish actually So maybe this might be the bottom four lay coin here at forty seven forty eight dollars with the stiff for trace. I Have to the twelve hour I Saw falling wedge bullish as we talked about before on a 12-hour chart. It’s also going to be shown on the daily Wow, so many notes on the three day. That’s ridiculous. I never have this month’s notes on three day We’ll get to that in a second a falling wedge. Bullish large gap between the base line as we talked about Closer oversold which we’ve talked about wide Bollinger Bands in bearish territory Okay could see MACD bullish crossover soon in deep mid, but currently bear trend holding soft Alright, so yeah, same thing on the 12 hour Upside or sometime now? reversal divergence and We would need this EMF in terms of the 12 hour to come up here looking towards a late September early October Crossover maybe longer could take a while. Maybe mid October especially if we talk to think about Bitcoin, so we’ll switch over to the daily All right, so falling wet continues off the double top divergence of previous see that All right, so we’re talking about the double top here this was a divergence pattern that happened there was a double top in the indicator with the divergence in the price action Awesome this shit Okay So we did have a double bottom now, we’re just having straight-up divergence so very similar thing So Matt, remember I did this about a couple hours ago So indicators can change but we’re still having the same thing here was our last low We’re now forming a lower low in the price action higher low across all timeframes and you’re in the close to oversold in the RSI Yes, the cmf is kind of ahead of ourselves already going bullish Which is good and then we have a really really high uptick happening here on the daily still Opening this way and you would essentially just use this as your support now, I Mean I make a little bit better Right here so our expectation here is that we would have the sister Alyssa, we would have our MACD lines come down to our support and then have some sort of cross over here and Looks like the end the end of the week so that could extend our our falling wedge here The straw arcs are a wedge to the end of the week You Here So So we could be looking at another $5 price in like coin and that would just be that would be fucking you mean you would have a A bass lines probably sitting around the $70 range. You would have a price fall Of 38 percent Which would then take us up Roughly about the same to the resistance line. So you could be looking at a forty five dollar entry to a resistance of 65 And that’s about a 50% increase, you know with the with the conference. I mean it just it just seems Too good to be true my opinion And we’ll just go over the three-day real quick. Let me just see I said, I’d prefer closer a close I so prefer close below the BB did we have that yet? Leave everything and see where our Bollinger Bands are. Nice we did. Okay. So this is something else I was talking about I said I would prefer close below the BB that was on the last hourly timeframe We get our clothes right here below the BBB and why do we get our clothes here between the BBB you guys? That’s right, it’s because we’re looking for a W bottom Right move towards the mid at the 68 range it would be way up here Yeah, probably like more like fit 60 in that range and then a close above Bollinger Bands or the W bottom, so I’d be pretty awesome. Let’s look at the three day doughnuts and then we’ll move on Are we on the through the yet? Alright, so falling wets continues off the double tap the verge. This is a previous. I’m expecting that divert just now They’re just being a complete divergence instead of a double double bottom Baseline gap similar to the 12 hours. So we’re continuing this to that baseline gap continuing to see magnetics across all timeframes This is actually on the daily. Just making sure I didn’t miss anything then. Excuse me. I talked about Potential double bottom divergence for bullish reversal at $49 baseline sitting at 71. We’ve now broken that double bottom So now it’s just full resistance. We’re looking for our bottom of the wedge. Probably somewhere around $45. So potential entry at 45 With baseline was sitting at 72 at that moment So I probably to readjust some of these looking at the three day notes just to finalize uptrend supporting forming on the MACD So same narrative happening across all time frames increasing volume happening Potential cmf cross over to the bullish side. So on a three day, that’d be pretty good Double bottom on the indicator with a lower low that divergence is probably flushing itself out again for bullish reversal There’s no falling wedge on the three day. But all these scenarios indicate positive for the following wedge on the 12 hour and daily So we’re getting confirmation from longer time frames that the 12 hour and daily May be correct thin resistance cloud sitting at 56 to 57 dollars Confirming our targets for previous timeframes potential bearish crossover on 100 and 200 and most likely will test and separate which is positive Bollinger Band bearish currently was ruined for the upside. Alright, so this is kind of just telling me that you know these previous You know time frames are somewhat bullish and that Coinciding with whatever is happening at the San Francisco event. We could be seeing something big I have the final thing on the weekly notes. The moving average is still bullish setup on the weekly so that means What we talked about before so if we look at the weekly timeframe here And we turn off the Bollinger Bands and look at our Our moving averages. We actually have the exact opposite of Of a bearish cycle so we talked about 200 150 this is a bear cycle right? Well litecoin is not in a bear cycle my coin is like Fifty hundred two hundred these are pretty close together, but Hasn’t turned bearish yet. It hasn’t been around long enough to turn bearish or it has been long round love It was just that this exponential move Was enough to just send it right and it hasn’t it hasn’t even gotten to cross over. I think I was actually looking at When I was on trading view, I was actually looking on like coin ribbons That’s why I was even there right before the video now. I was like well, let me look at Bitcoin ribbons See what’s going on with that? That’s where the idea for this video came from so pretty cool stuff Here, here we go. This is the biggest I’ll tell you right now. This is the biggest indicator that you will find in ta one of them, right? So this is the like one weekly, let me show you something Right here There we go We talked about this in previous videos right here A bullish crossover on the weekly. It hasn’t been a crossover since January or 2018 we all know what happened in January 2018 Right I mean there was a couple crossovers on the way up, but they weren’t very defined. This is a very defined crossover in Very bearish territory. We look at the histogram volume on the MACD is for the weekly This is the lowest litecoin has ever been In terms of MACD and we’re about to have a bullish crossover. This is insanely bullish and singing ly bullish. I would expect some very stiff upside Happening here and I’m looking for at least 50 percent gains I’m not sure what the hell is coming out litecoin and next couple days, but it looks insane But again, everything on this channel is not financial woes not financial advisor Please make sure that you reference chart schools and you reference investopedia and you reference You know literature and whatever that’s online to your advantage to look up what these all these indicators mean both from a mathematical and a technical perspective And trends and signs that you should be looking for to make concrete decisions Please don’t come here and use any of this information as trading information. That’s not what the the point in substance of this is This is for me to just point out Things that I’m seeing from my experience and there for you to go kind of double check and be like, okay Well, you know, let’s let’s take that’s narrative and say, you know, is this actually happening? I’m gonna check it for your own because you know It’s if ta is really a tale to two coins in perspective You can really get lost in in between the in between the lines. No pun intended So make sure you make your own decision to make sure that everything that you’re doing is for yourself and not because you saw it On some YouTube video from a guy who’s sitting in his living room that in mind. We’ll finish this resistances the 100 day moving average sitting at 74 dollars the 50-day moving average sitting at 127 dollars the a chemical resistance sitting between 157 and 185 dollars. These are long-term resistances on the weekly There’s a potential bounce off the 200-day moving average in the price action in the mid to low 48 So I already even made a note about this we talked about potentially coming down to the $45 range rate We just said that we said hey we could use $45 to target. Okay. Well, wow, this is shocking I didn’t even see these notes This is why I like ice you won’t retain all the information that you take in and then when you come back You might not see it the second time. Here’s solid notes that I’m putting in in the in the notes here that the 200-day moving average is Actually sitting right here all this We know 200-day moving averages especially for Bitcoin act as it acted as a springboard Right a springboard. So my expectation is that we come down to this $38 $42 range in this week even maybe the next week come down here and test this 200-day moving average and That’s gonna act as a springboard and then guess what your your real? Resistance after that is like the hundred day moving average sitting at the $80 range So you’re you’re looking at like a 2x potential right width upside because you got this bullish crossover I mean all the indicators are saying it right we got the vertices across the board all that all the falling wedges You could fucking have for dinner volume at its lowest point ever 200-day moving average spring board Polish MACD crossover see em, f’s going fuck. It wild. I mean this is like a fucking party in my mouth right now and I’m definitely gonna be looking at this over the next couple days and seeing if we can get appropriate entry points into that Don’t want any you guys to do that, but I’m very excited for whatever the fuck’s happened What Lake Point at the moment not to mention the news, you know conference coming up? Positive news of litecoin ever taking Bitcoin in terms of Segway usage people are using like coin. It’s just really awesome stuff So I might even reanalyze these targets between the 56 and $80 high range with upside. So like maybe like, you know Close to 100 – but again not financial flights not financial advisor. I think the sheets really fucking awesome I’m I want to find a way to be able to streamline this process because I just don’t have enough time in the day To let me it took like like here so now and a half two hours just get through five coins So definitely the streamline this process over to some people and see what’s going on. All right, guys. Hope you guys loved the video I think this is gonna be one of our better videos that we’ve had on the channel in a while Make sure that you hit that subscribe button Make sure you hit the notification bills if you want more information and from videos that are coming out in the future Make sure you head over to our disc or channel where there’s tons of conversations both And ta ICO is crypto, you know, whatever a lot of cool community members over there It’s a tight-knit group of you would heavily moderated as well. Make sure you hit us up on Twitter I put out information from time to time that may be relevant to some of the information that I’m talking about in the video But it’s a lot easier for me to connect with my system, you know my followers on that platform because it’s just instant time right, and I just put out maybe a 156 character tweet or whatever on the character limit and you can get that information right away because things are always changing in TA so you need to be able to have Most up-to-date information. So make sure you hit me up on Twitter as well. Alright guys, it’s been real. I hope you enjoyed this I am oh hey Matty the tech starts here and I’ll catch you on the flip

30 thoughts on “Bitcoin Ribbons Predicts $3k Bottom, Alpha Alt Trading Spreadsheet, and XRP + LTC Trading Analysis”

  1. Because you compare with 2014 which is very accurate, what do you think of the long term support of 9 years on the logarithmic scale of bitcoin which was respected in 2014 and now will pass on 4900 – 5000USD? It's a very strong support

  2. This guy should have more subs…..great TA…..a lot of work for people that may never really appreciate it….I never miss one of tour videos and typically watch multiple times…I will continue to support this guy and share to help spread professional (imho) analysis

  3. “ I know how thick you guys like it “ 40:34 … what we talkin bout here Matty!? Yes I do love my girls thick ! Need me a thickeety thick Latina Mamacita 😏 … Miami, Texas, or Cali here I come once I’m bitcoin rich 😁

  4. Oh hey Matty, it does not reflect your content, because you have a great news channel but the name looks to me if it is for some kids on the block. This is not a negative input, only to make you aware of it. BTW I am living in the Netherlands.

  5. Great TA mate. I like the idea of the TA spreadsheet, I'm curious on how is it going to evolve, as your ICO spreadsheet did through time. I'm sure you are going to do a great job with it.

  6. I should have listen to you the first time you stated u cashed out into BTC or fiat. I didnt make the same mistake twice. I only hold EOS only because I cant cash out for 3 days, everything else is in fiat.

  7. 1. What was the miner cost in the crash of 2014 exactly?
    2.Did the 80% drop correlate with the floor of mining cost in 2014?
    From high level research, the avg. mining cost was around mid 400 to 500 in 2014 (don't quote me on that) .
    3.Historically, how far below has BTC $ fallen below mining cost?
    At the moment BTC avg mining cost is $6400. Let's say the minors in the most expensive locations drop out and squeeze that avg number lower. e.g.
    Where are all the largest miners concentrated and the cost? If we can get a fix on that % and avg the cost, then we can get a sense of the bottom. This only makes sense if $BTC has never dropped significantly below the avg cost of mining; if it has, then everything i said i trash.

    This is me just trying work out the floor.

    update found something interesting :
    https://medium.com/@poetential/bitcoin-mining-economics-profitability-looks-bleak-and-how-that-could-hurt-bitmain-6f057e27d5fb

  8. hey everyone thanks for watching the content. Wanted to make some comments on the recent video. Mt Gox hack was Feb 7th 2014. Silk Road shutdown was Nov 2014. The capitulation we focused on in the video was the turn of the market recovery in January 2015. Very far away from the Mt Gox event and relatively after the Silk road. Also some were asking when the alt coin spreadsheet would be out. Its in beta right now and i don't want to rush things. I will show it on the relevant videos and release it when its ready so sorry for the delay.

    DB asked an interesting question about Bitcoin mining avg cost during this time period. This is my findings/answer below thought it would be relevant.

    Interesting question DB i actually looked for this and found a very interesting answer. The floor came January 2015. I found this article from 2016 that said the average mining production cost during this time period was $247. This means from the start of 2015 BTC price was under avg mining cost for 28 out of 38 weeks between the beginning of 2015 to when BTC started to trade above this price permanently. Check it out.

    https://www.ccn.com/bitcoin-price-cost-mining-production/

  9. Based on the 2015 crash. BTC price fell to a closing low of 171.50 Jan 1,4 and hovered around Low to Mid $200 handle. The avg. mining cost was $247 until i the anticipation of the JUL 2016 halving . So miners dealt with at least a 20%-30% loss during that time. Based on today's Mining cost , correlation 2015 to today, BTC floor looks to be Mid 4.5k to 5k. ( I'm using rough estimates, No TA) 5.3-5.5K to be conservative. JMO opinion, definitely not financial advice.

  10. Great TA videos. You are on fire with this stuff. Just one issue. Maybe I'm blind. As Joe Pesci said in Goodfellas, maybe I'm a little f**ked up here but where is Holo? I don't see it on any of your tabs there…

  11. god damn… so glad i stumbled onto your channel. great work. subscribed. any recommendations for learning TA and getting into trading? Any books, courses, or tutorials you recommend?

  12. There is ton of BTC transactions going on OTC market, as big blocks order of 20k – 100k btc, no where near to the size of volume painted in this charts. TA on this chart for masses, unfortunately this TA not give any sense for big moves, big players look for what is going on underneath and play accordingly.

  13. Every youtuber is now bearish, every chat room and traders chat room everyone has sold and is waiting for it to drop to buy back in again or they are out and think crypto is dead. Shorts are stacking up to all time highs, yet the market has not broken 6k that everyone is so sure will happen before the big bull run that will come after the flush….. Markets just don't play out the way everyone thinks, the capitulation zone that people think has yet to come (and when they are planning to buy back in) has most likely already begun…. This is the time when a bull run happens, when no one is expecting it. Just worth a thought.

  14. The last 2 months, i have made over $60,000 from Bitcoin but my success never started that way as i had made substantial losses before my turning point in the Crypto space. I bought *2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last i would ever have to do with bitcoins until i was introduced to Mark Hall first of , he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and i just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach by **Mail ([email protected] com) or **Telegram *+15186221291

  15. Check the BLX chart on tradingview for older data, I think if we are going to compared 2018 to 2014-15 we should also check what happened in previous years. What your analysis fails to indicate is that prior to 2014 we had two massive consecutive pumps that took the price from $5 to $200 then to $1178, that is around 23000% in gains! So to me it makes sense the 2014-2015 was a deeper and prolonged correction. A lot of FUD happened during that time like Mt Gox, China banning cryptos for the first time and the legal uncertainty. We have passed all of this and 2018 is mostly dominated by positive news with the prospect of a potential ETF and BAKKT opening doors in November. I do agree that most of TA points to 3k-4k zone for a bottom but I think cryptos have evolved a lot since 2014 and now the market share of Altcoins is much bigger. Most Altcoins have had 80% to 98% retracement which to me that indicates the market is ready for a new cycle, a lot of them show early signs of reversals too. So I highly doubt BTC needs to have a 80% retracement as BTC dominance is not longer what it used to be (90%).

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