Martin Trend Trader - Trade 2 = Win 2 Loss 0Previous chart posted for this trade was not displaying correctly so trade overview didn't make any sense to the casual observer. Now updated with the correct price chart.
Martintrendline
ADABTC Short term bear trendCardano looks to be in a short term down trend to compelte the wave still shows a lot of upside potential long term.
XRPBTC Long term breakout potentialUsing the martin trendline indicator set to 7, which historically has given good entry and exit points, it looks like we will see a lot of bullish movement over the next days and possibly weeks, but a wave back down is still possible in the short-medium term which i will now call medium rare term :). Looking at the lower timeframes confirm this very strongly.
BTCUSD More room to fall. Possible Scenarios. Martin Trend LineFor now here's the chart will try to write out what im seeing tomorrow, im tired lol. Martin Trendline confirms my bearish out look for the time being probably through next week. Waiting for a nice V bounce From around 5500/5800 could be either but i think 55 even 5200 may be where we see the beautiful V Reversal we all love. If we dont see a strong V reversal i fear we may be in a triple bottom scenario, which i could see price dropping to 4800, even 3600, but i doubt the whales would do that itd be too obvious with last trade dates for CME BTC futures that started trading in December 2017 coming up June 25th. Maximum return on a short position that was opened at $20,500 (was reference rate for the peak).
Shorting on trades in january or more importantly February would add more risk on a long term contract, that would be expiring this month or next month. So the longs started building up, thats why we saw the bull traps, people saw that futures were trading up so the uneducated (myself included) thought that would mean price was essentially going up now. Cause futures trading in march that expire in september would be awfully risky to short so while those contracts are trading it naturally makes people think its worth the money to buy it now as opposed to then.
BTCUSD Possible Scenarios Martin Trend Line BITMEX SignalThis is a better picture of the short term idk why i had it so zoomed out, still figuring TV out.
