the big long on linkas you can see there's an ascending triangle shaping up very clearly on the 8h. If this pattern continues we can start trading breakouts
Gold4boomers
An oppertunistic shake-outSince I've posted the previous chart (on 1th of may) we can see the TTM squeeze hasn't completed yet (marked in upper chart with yellow circles).
But in my previous post, I've also explained how I use this DMI indicator to
signal the start of a new trend.
measure the fading trendline untill its end.
track the intermediate bearish pushes up till strength 40
The focus on strength 40 wasn't the right way to look at it. All the pumping happening at the time got to me, making me grow impatience. Because since I've posted that chart, these pushes became more dominant. And now we have had two consecutive bearish pushes. This can be described in two ways.
The first explanation (oppertunistic shakeout, my prospect. Previous analysis still applies):
When the trend is stale in both directions, it doesn't take a lot of force to move the price significantly. What this means is (I try to explain in layman's terms) less bears are necessary when the bulls are absent and vice-versa. The price shift is caused by opportunistic trades and do not have a fundamental catalyst. This does not cause a change in prospects but is psychologically torturing traders with long positions.
The second explanation, the reversal engages and a trend down is set. This is a premature conclusion and the chart is misinterpreted. I like to point out, misinterpreted. Not a false signal . It is extremely hard to predict a reversal (means charting before a reliable confirmation signal has happened). The DMI can be used for these things if used accordingly. We have 3 points in our chart that tell us we can't predict a reversal 'reliable'.
1. If we were to chart a new trend, this can only happen after the current trend halts.
- An example of a flaky trend stop signal would be on 23rd-24th april.
- An example of a clear trend stop signal would be on the 20th of march
No trend halts abrupt, nor is the halt always very clear. But we can see pretty obvious that the combined trend hasn't dropped below 20 since the 1th of may.
It has come close to 20, but didn't drop below it. And even if it did, it would take an additional bar (longer silence = more reliable) for an acceptable trend stop according to my own methods.
2. Both bearish pushes had less strength than past bullish push
3. The second bearish push was weaker than the first one, while the last bullish push was stronger than the bullish push before that.
If you enjoyed reading this please leave a comment. If you have any questions, please DM me. I can imagine you have questions, i am happy to answer them personally.
As I am a small analyst with few followers, comments actually give me huge dopamine rushes.
The big long on EOSAs EOS has announced their staking program is going live there's a big chance the current uptrend will continue. I've bought EOS back in the day for 50 cents on Kraken, so after all these years, the current price of EOS at 6 dollar is still something we moonboys consider a bargain. The MoonTA is prospecting a very strong break-out. I am discussing this chart live on stream in half an hour or so.
Makerdao primed for the liquidity crisisI noticed the orderbook is very thin of maker so I dug a bit deeper and found out both uniswap and sushiswap have been doing a lot of swaps from eth to mkr. If you look at the volumes being traded and the liquidity that is actually there we might be heading to a shortage causing the uniswap pricing curve to go up in very bug jumps.
all pivot points fall outside the yellow box of no resistance. After that we're quickly heading into an exponential growth
In this chart you can see we´re right now heading into a zone with virtually zero resistance, as soon as asian session begins and the current trend continues it isn´t eth but mkr actually pumping because of the liquidity shortage. More information can be seen here: analytics.sushi.com because MKR has no other real pairs besides Eth arbitrage becomes very expensive
