ADmytrenko2

Potential 39% gain in ERNUSD. This is due to a few reasons: 1. My custom Data Distribution script showed that the price of ERN was overextended on July 1st, meaning that a potential reversal was on the cards. 2. My custom Zero-Lag USI indicator has shown an entry signal (green arrow) 3. The last 2 days have seen a large volume spike, which usually happens either at the end of the move or beginning of the move. Since it has been in prolonged down trend, expecting a reversal here to around 1.317

As can be seen, there is a double bottom that has formed in QIUSD. Also, Data Distribution has shown that the crypto coin is too overextended to the downside which means that it is primed for a reversal. Zero-Lag USI has shown the change of background to green which shows that it is time to enter.

After breaking recent Gann Method line (first Buy signal above yellow line), the coin came down back to the Gann Method line. It is a perfect example of how prior resistance becomes support. After breaking the resistance, it went up, and then pulled back to retest that resistance level but this time, as a support. Now, the target is prior high of 3,086.60, with the stop of 2,705.70, a 2.08:1 risk:reward ratio. And possible 2nd target of just above 3,200

Bitcoin has been making lower highs (LH) and lower lows (LL), but recent break of negative structure (First Higher Low [HL]) has seen break of structure, and the break of the last Lower High (LH) has confirmed the reversal. Good entry would be to wait for a pullback and enter at the next Higher Low (HL) formation.

1Inch was in the downtrend, making lower highs (LH) and lower lows (LL). When Higher High (HH) appeared, the downtrend structure was broken, and confirmed with the first Higher Low (HL). Now it should at least retest HH(Target 2) and the prior swing can be used as a partial take profit (Target 1).

The negative structure continues with Bitcoin making lower highs and lower lows. Recently, Bitcoin made a new lower high, so highly likely Bitcoin will retest the recent low. It will be interesting to see where the price will move from there, with a possible large level breaking down, or the level will hold there, and possible reversal to upside will occur.

The overall structure is negative, characterized by each passing lower high and lower low. Potential lower high has formed here, with the retest of the recent low possible. Will be interesting to see if the new lower low will develop at that level, or if price will reverse there.

BTC is bearish for the time being. Why? 1. FEMA (Custom Fragmented EMA) is showing a bearish trend as the lines are stacked negatively 2. Multi-Acceleration tool (Custom yellow bar-graph below) is overall below zero. The only times it was above zero, was very good-timed short entries as marker with red arrows and purple triangles above. 3. The overall structure is very bearish, with Bitcoin making lower highs(LH) and lower lows(LL). For it to restart the bullish trend, few things need to happen: 1.Bitcoin needs to make a Higher low (HL) instead of continued lower lows(LL) and 2. Prior Lower High (LH) needs to be broken. Only at that point, the bearish structure will be broken and a possible reversal will happen. For time being, higher probability play is to short every passing Lower High (LH).

Many people like to trade using short squeezes. Rather than entering when the financial instrument is in consolidation stages, we enter when the squeeze has broken out (short squeeze is in play already), but has pulled back to the EMA. Using the most recent low and most recent high, we can predict the price target through the use of Fibonacci levels. For some it doesn’t work as successfully, because the tool is used at the wrong market conditions. When volatility is there, it is a very accurate tool.

Using Linear Regression of Second Derivative script, we can see that the momentum is down, but that down momentum is actually decreasing, as the downward histogram is making a higher low compared to prior histogram. Also, Breakout Signals script is showing yellow squares at the bottom. This means that the EMAs are stacked correctly, there is a compression(it’s getting ready for a move), the velocity is increasing(price is accelerating) and the DI+ is increasing and DI- is decreasing. All these factors, when combined, give us a high probability that the coin will go up(although nothing is guaranteed in trading which is why we are using stops to protect ourselves from losses) Our Target is the top of that Keltner Channel which has a length of 21, multiplier of 2.86 and ATR length of 14.