(BTC) bitcoin "auto fib retracement - 100"BTC falling beneath the 100 auto fib retracement.
Other cryptocurrency also beneath the red layer of the auto fib retracement include;
AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement.
Others below the red line include:
IMX, SUPER, AUCTION, PERP, IDEX, NMR, OGN, YFI, BLUR, DYP, STORJ, UMA, AXS, BTRST, SEI, APE, C98, DIA, LDO, METIS, GRT, TIA, MATIC (POLS), XCN and FX.
Still no info from the newly listed tokens/coins of 2024.
Summer
(ETH) ethereum "direction"I think Ethereum is headed in the direction of the black neutral zone area as seen in the auto fib retracement indicator. The 50 day and 100 day moving average lines show Ethereum headed towards the neutral zone. Due to the neutral zone being above the price, I think the price of Ethereum is going to gain in price.
(BTC) bitcoinThis is what my latest custom indicator looks like on the bitcoin chart. Not great but there's always room for potential hope. I find hope comes mind a lot with trading mostly because I don't have the money to move markets. Luckily, no one really has the money to move the Bitcoin market, and surely the Ethereum market too. Best two investments in crypto; ETH and BTC. The lines are moving against the trajectory of hope right now. Bitcoin and Ethereum are under the 100 day moving average. Most trending moving average lines are above crypto by now. When I see the bitcoin chart on its own the trend seems doomed. Most of the altcoin patterns have already lost their way to a repeatable price bottom based on before the run up prices in the last few months. Could this mean the chance of Bitcoin falling is less likely due to the knowledge that most altcoins are not in anyway trapped which could lead to the altcoin season,.
(ETH) ethereumindicator look at the Ethereum price.
The green line trend represents a price headed to higher prices when the green line touches down. The green line is touching the 0 horizon. There are many different indicators to determine positive or negative directions. These indicators give a potential positive outlook.
Price of ethereum should retain some surmountable levels considering the hype and logical phase of ETH ETF. Ethereum did not go through a halving like Bitcoin therefore the future price of Ethereum is much more leading or telling based on history one might suppose.
TOTAL CRYPTO TICKERThe auto fib retracement and auto fib extension show both indications cryptocurrency ripe to for taking in addition to a complete bottoming out of the price as a whole. Distracted by something, or too busy soaking up the second month of summer? Long orange line represents the time period when the drop happened and the price of cryptocurrency going beyond the 100 day without improving therefore falling. Looks like an opportunistic moment where the fibonacci levels appear as though cryptocurrency is flailing around underneath the resevoir of time and money.
Traeger | COOK | Long at $2.50Traeger NYSE:COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low $2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but NYSE:COOK is in a personal buy zone at $2.50.
Target #1 - $4.15
Target #2 - $5.00
Target #3 - $8.50
Target #4 - $19.00 (very long-term...)
$BTC consolidating for August breakout $70k+After some over performance in early July we set a Bullflag last week around $65k. Don't get shook! This time last year, in 2023, we had a long period of consolidation March-October (in white) before rising above the $30k level. This year, summer of 2024, we're rhyming.
Bearish? CRYPTOCAP:BTC needs to lose the $60k level and hold us below it for at least a week. I think a bullish inverse head & shoulders is more likely but geopolitical risk, and US elections could be the wildcard. I would remain careful with shorts as the trend is upwardly volatile.
Here's the previous idea, explaining the trade:
(BTC) BITCOIN "trend angle hypothetical"A hypothetical trend line for Bitcoin where there is a strong potential for the price to continue to gain in price into September based on a modified custom setting of the SAR indicator. You can see the settings of the SAR indicator in the image. There is a lot of standard indicators that point to the price of Bitcoin losing. This is another method and an alternative perspective.
(ETH) ethereumA made up idea here. The lines converge in the middle of july. If the price of Ethereum climbs towards that moment there is a good chance Ethereum crashes. If the price of Ethereum stays neutral or even declines leading to the middle of July there is a good chance the price of Ethereum rises. Mysterious.
The Olympics start at the end of July. . . . . . .
(BTC) Bitcoin "moose antler"Bitcoin looking like a moose out in there in the wild. Looks to be sum while before the solid is underneath the stepline with breaks which would signal a coming difference in price for positive remainders. Bitcoin is of course like no other crypto. The points at which the two lines cross paths means the price is falling or rising in the near future. As you can see the lines are not very close. It's like an advanced variation on bollinger bands without being bollinger bands. custom. The days are numbered, the solstice has arrived and gone--down the creek without a paddle--, and the evenings are only losing sunlight, yet the summer is only just beginning.
Playboy: Long hotties & hedonism as we head in to summerPlayboy stock has been sinking for a while. That said the stock has been coiling in the $2 area for a month. I think if it can break through about $2.20 the stock can pop quick to over 3 dollas. If it falls under $1.50 I'll bug out of the trade. It is a small position
KWH Journal Entry #37Lesser Position— 1:5 R
“Direction” via 1D
a. Which phase is the market currently in?
(✓) pump phase!
as result my 1D bias is long.
“Structure” via 15M
a. Did yesterday’s market structure close bullish?
(✓) yes, thus my 15M bias is long
b. Is the market currently in its pump phase?
(✓) yes
c. Is there a local structural low that a long position can be taken from?
(✓) yes; you may buy when most optimal!
KWH Journal Entry #38Lesser Position— 1:5 R
“Direction” via 1D
a. Which phase is the market currently in?
(✓) pump phase!
as result my 1D bias is long.
“Structure” via 15M
a. Did yesterday’s market structure close bullish?
(✓) yes, thus my 15M bias is long
b. Which entry structure(s) has price triggered?
(✓) Coordinate!
() EMA!
c. Is the market currently in its pump phase?
(✓) yes
d. Is there a local structural low that a long position can be taken from?
(✓) yes; you may buy when most optimal!
KWH Journal Entry #3650 EMA Position— 1:5 R
“Direction” via 1D
a. Which phase is the market currently in?
(✓) pump phase!
as result my 1D bias is long.
“Structure” via 15M
a. Did yesterday’s market structure close bullish?
(✓) yes, thus my 15M bias is long
b. Which entry structure(s) has price triggered?
(✓) 50 EMA!
c. Is the market currently in its pump phase?
(✓) yes
d. Is there a local structural low that a long position can be taken from?
(✓) yes; you may buy when most optimal!