Following my previous video regarding funding rates and perpetual swaps vs spot we are back at it again. Bitcoin is once again suggesting that swaps are way too aggressively long at the top pushing funding rates into high premiums rates in some exchanges. I do not think that shorting bitcoin against weekly and monthly uptrends trends is good idea but there is...
Litecoin (LTC) seem to be heading towards resistance at the 81 USD range (July 18" Open) Check video analysis (link down bellow) for more insight into the thought process
Ethereum showing solid uptrend and it's not done yet. There is a good chance of a temporary correction and any price bellow 410 is favorably a buy opportunity. The 280 support range is the most important support range. In wyckofian terminlogy it would be called the Last Point of Support (LPS) and it's particular important because it serves as basis for...
Check video for my latest thoughts on the Bitcoin ongoing uptrend. Video ended up being longer than expected once again (trying to target the 7min duration)
Bitcoin is slowly heading towards the January 2018 open. There are plenty of reasons to be bearish if we take in consideration extent of this bullish rally, the premium basis from Perpetual swaps vs Spot or even what the commitment of trader report suggest. BUT the TREND is still INTACT! there is no significant break from the major high timeframe trends (weekly,...
As weekly and monthly uptrends still intact as such investment strategy bias remain long on any bounces. However, we need to be aware that there are down pressure building up for awhile, including some volume weakness at tops, positive funding rates on perpetual swaps and general feel of the commitment of traders repot .
Daily now on a downtrend but Weekly still not looking bearish. Dropping few trendlines and S/R levels for basis. BTW let me know if videos are too long. I feel i probably could talk less and make these vids shorter. Let me know your feedback. Maybe I'm missing something or you have a good suggestion for me. Re my chart. Do you agree? disagree? let me know...
Silver finally showing aggressive momentum. This breakout is putting it on a possible journey to $29 and possibly ATH. ____ DELTA7 ™ Trend Score ▲ D aily • aggressive price advance. think momentum will keep pushing price forward due to correlation with past gold price action ▲ W eekly • just broke resistance at $21 ▲ M onthly • heading towards $29 range
Watch video for latest thoughts on Bitcoin chart, Fear and Greed, Commitment of Traders, Futures and Options.
Litcoin (LTC) seems to be offering great RR long entry against bitcoin. ———————————————— DELTA7 ™ Trend Score ▲ D aily • daily uptrend seems to be just starting ▲ W eekly • weekly uptrend is just starting. there is RSI divergence ▼ M onthly • still in downtrend after second wave increasing odds on W and D to reverse ————————————————
Check video for my latest thoughts ———————————————— ▲ DELTA7™ Trend Score ▲ D aily • possible full retrace to get those stops and degen over-leveraged traders. retrace possible back to 9.1 (possible invalidation closing bellow 9.0) ▲ W weekly • weekly seem to regain direction targets around 9.5-10k next ▲ M onthly • uptrend perhaps heading towards...
Similarly to Bitcoin. Decided to take a short on Ethereum based on weekly trend. To be honest I'm slithly less confident about this trade. Chances of getting stopped is somewhat high due to trading range conditions but I am ok with the risk. I find strange we didn't see any strong volumes at the top of the trend. Monthly trend looking up.
Taking short swing trade on Ethereum based on Weekly trend reversal probability. Despite the good odds of a new trend. Don't disregard the fact we are in very choppy trading range and volume keep declining so chances of getting stopped are also high. If way to many people take short... chances is that I will get stopped. But that is fine, taking calculated risk.
Discussing the criteria for this Bitcoin short trade based on Weekly chart.
Taking advantage of weekly Short flag. Placing stop at the flag level and targeting 7.1 range (non-strict) or until otherwise trend signal a reversal into an early TP. Market is very choppy so there good chance this can be stopped out. 8.5 is also another stop/traget range.
Some important resitances range from 10 to 11.6 range that will flip support once broken. Overal monthly trend is clearly showing strong signs of bullishness. I think we are in bull marker (happy to flip view once i get Monthly and Weekly trends invalidating it) but as of now. DCA hodler will be happy to know their weekly/monhtly position building will compound...