HeeeeaaAaaHaaaalLright my crypto freaks. Lemme celebrate the #100th post for the crypto-movement whether you're waiting for the 
RIOT / 
OSTK short squeeze, or fulfilling the semi-unrealistic PL target if XRP/USD surges again. I'm not a fan of the technicals of forex/crypto/futures etc., seeing as the 24/7 trading days can throw off (what one considers 'reliable') go-to indicators. TA @ this point is like taking a dead cat for a walk. Posts of 
SPY back in April remind me of how repetitive & uncertain bears + bulls were in what they saw. But regardless, pull out a second-hand strategy & find something that's reliable for the case. SO - past few months of lows have seen oversold money flow conditions not seen since 20 fucking 16 when 
BTC was $586 more-or-less. Justified by a 5,000% gain in 2013, it was well deserved lol. Moving averages to me are essentially much more sophisticated than just "lagging indicators" - 95% of my other posts are based on a MAStrat using Kmeans, Euler's formula, other geeky extra shit. But in this case - money flow is lead indicator. Highlighted rectangles from green horizontal line (value: 25.25) - overbought, red rectangle go to show the extraordinary returns. Based on the past, MFI doesn't / hasn't seen that 25.25 value if not getting to hella overbought territory sooner-than-later. Moving averages show 2 failed signals, but MFI shows clear-as-day the A) negative divergence (if not) B) overbought top. The recent bottom of MFI was too skewed for me to consider it an A+ buy signal & highlight it with a blue rectangle, but the positive divergence is shown by black curve. Expecting a breakout myself, & with the MA crossover - whatever the dip below $7,300 is, it'd be a solid opportunity.
RIOT / OSTK short squeeze, or fulfilling the semi-unrealistic PL target if XRP/USD surges again. I'm not a fan of the technicals of forex/crypto/futures etc., seeing as the 24/7 trading days can throw off (what one considers 'reliable') go-to indicators. TA @ this point is like taking a dead cat for a walk. Posts of SPY back in April remind me of how repetitive & uncertain bears + bulls were in what they saw. But regardless, pull out a second-hand strategy & find something that's reliable for the case. SO - past few months of lows have seen oversold money flow conditions not seen since 20 fucking 16 when BTC was $586 more-or-less. Justified by a 5,000% gain in 2013, it was well deserved lol. Moving averages to me are essentially much more sophisticated than just "lagging indicators" - 95% of my other posts are based on a MAStrat using Kmeans, Euler's formula, other geeky extra shit. But in this case - money flow is lead indicator. Highlighted rectangles from green horizontal line (value: 25.25) - overbought, red rectangle go to show the extraordinary returns. Based on the past, MFI doesn't / hasn't seen that 25.25 value if not getting to hella overbought territory sooner-than-later. Moving averages show 2 failed signals, but MFI shows clear-as-day the A) negative divergence (if not) B) overbought top. The recent bottom of MFI was too skewed for me to consider it an A+ buy signal & highlight it with a blue rectangle, but the positive divergence is shown by black curve. Expecting a breakout myself, & with the MA crossover - whatever the dip below $7,300 is, it'd be a solid opportunity. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.