ASX1X

ASX1X

I genuinely believed RSR had begun the "gold fish" sequence at 0.0022 but people rushing in with the fear of missing out pushed it higher. White line is placed at the "trap". The best place to execute a trade. Red line is where I went short believing the rally was over. Blue Line is where I have my bids set on the exchange. It is possible that RSR continues...

ASX1X

I genuinely believed BTC had begun the "gold fish" sequence at 29k but people rushing in with the fear of missing out pushed it higher. It is possible that BTC continues climbing higher but my chart is showing that the odds are in favour of a downtrend towards 28k and 27k. I started this year with the mindset of only closing winning trades. I.e I am willing to...

ASX1X

Brilliant move on RSR and good extension in the one hour chart. I am taking a short here as I believe the trap has been sprung. I distributed and shorted at 0.002228 and set my bids at 0.002130 As usual I am using the "Gold Fish Strategy". I am really enjoying taking shorts on the one hour chart and longs on the daily charts. Please check out my previous...

ASX1X

Time to quit your job and start trading? Well you should ask your financial advisor not me. On the one hour chart BTC has extended itself to the 29K mark and the chart is looking at the gold fish sequence. We could see a bit of froth and fomo in the next 10 hours as it will be the west trading it. As twitter has realised it is usually Asia which likes to...

ASX1X

I had written a post a couple of weeks ago about bitcoin being in a cup and handle pattern. Back then I saw a 50% chance of it playing out today I am feeling more confident about the rise to 40k so I wanted to update my thoughts on it because if this plays out then. . . Pop culture, Social media and the News Cycle have played a big role in the rise and fall of...

ASX1X

Bitcoin dominance has been regarded as the single most important indicator for rotation into the alt market for the last three consecutive cycles. Could the pattern repeat a fourth time? Here are my thoughts; 1. Watching BTC.D rise to the intended target (blue line) makes me think that we could see the following; BTC moving higher & alts dropping again. Another...

ASX1X

XTP's Downtrend ended in may 8 with the capitulation to 9 sats and the accumulation has lasted 40+ days. I expected a double bottom to form around 10 sats but the market was happy to take 11. With this in mind we are ready to find our TP's and begin planning where we will sell and where we will hold. As usual I am using the gold fish strategy. We have...

ASX1X

First play in the sequence took place and the price got trapped at .002030 I was expecting this move to take place so I distributed my position around .002090 and set my bids accordingly. The result is that I have added to my long term position through this quick swing as the profits have been used to buy discounted RSR. Next play I am looking for is a bit of...

ASX1X

I have dedicated most of time in trading to learning how to short and developing a system that works for me. If I can't find a level to take profit; I invert the chart and go into a lower time frame. Now it is as clear as day. First thing I am looking for is a "trap" or "pivot" around 0.002020 - 0.002038. If the trap works this level will "trap" the price...

ASX1X

Entering an accumulation period on RSR after seeing a consistent Price Volume Trend. Price Volume Trend or PVT for short is in my opinion far more insightful than Volume during accumulation periods. PVT shows a continuing up- trend in price -volume & trend despite market sellers pushing the price down. Hence it being so insightful. In fact what the PVT is...

ASX1X

Successful trade last night shorting the high $0.50's to high $0.40's with a nice xx,xxx.xx TP. Now we get the time to accumulate through the mid 0.40's. I expect the downtrend on XRP to continue for a few days given how extended the rally from 0.38 was. We are at the start of a macro uptrend for XRP so I expect $1 to be around the corner. I will be...

ASX1X

Nice push up to high 0.50's now it is time for a retest of high 0.40's Gold Fish strategy is continuing to provide amazing trades in both Long and Shorts. Win count is now at 37 W - 0 L for 2023 I finished distributing in the mid 50's range and jumped into short at the "trapping" point. The gold fish strategy is based largely on Wickoff charting "Up-trends,...

ASX1X

Shorting X until : 0.48 Timeframe : 4hrs. Completion approximation : 4th June. Macro position : Long.

ASX1X

Bitcoin looks to be in a possible "Cup & Handle" Pattern. Arguably the worst chart pattern, the cup & handle is notorious for giving false hopes. Especially because the ones that perform as predicted are the ones that look less symmetrical. If BTC is indeed in a cup and handle the price would jump to 40k in a matter of weeks if not days. A move of that size...

ASX1X

Long story short - We are waiting for confirmation on the break out from the channel. On the exchange there is a huge wall of bids at 6 sats. Will probably only go as low as 10 to confirm. I'll be honest. . . I definitely missed the run up from 1 - 90 and I'm glad I did. Fomo is not a part of my strategy. I got the top right and I got the down-trend...

ASX1X

We can see on the EMA Ribbon that the previous attempt to change the trend was unsuccessful. Latest attempt has been successful and we will see a continuation shortly. It is worth noting for those who are unaware; This coinbase price chart is missing the price mark down phase and accumulation phase. Referring to this chart only will make it difficult to find...

ASX1X

#Airswap has shown strength through a bearish market. Very active Development team focused on community vs marketing. Interesting and bullish long term. Sentiment is generally low from participants who anticipated a new ATH in previous cycles. I think the lag in some charts such as Airswap is in-fact a "slow take up" by new participants. Growth of AI may...

ASX1X

#Custodial-exchanges have taken an irreparable blow in the latest #ftx bank-run. The answer is peer-to-peer decentralised exchanges that run directly from personal wallets. #Airswap has finished it's accumulation phase and will now enter it's price mark up phase. This is most evident in the weekly RSI. I use the RSI to find "outliers" and the RSI averave to...