AvramM

AvramM Updated 

MarketDecryptor giving a perfect short signal on the 15m to catch that drop. My trailing take profit took me out about 7900, not perfect but a good trade, short from 8086. If we hold this channel, it seems likely that we will create a bullish div on maybe the 1h chart that I will long if I get a good entry. But in no position right now.

AvramM

This nicely shows the impending pivotal moment. We can extend the triangle out to show the base and the time we have left. The 200DMA is still holding us down, and time is running out to break it, since the death cross looks to be getting closer, possibly a couple of weeks away. If we get the cross, it will most likely precipitate a sell off. But we're seeing a...

AvramM

Two things to note here: 1. 'MarketDecryptor A' nailed the short entry on the 1h, identifying the local top and point of potential pullback. It was the bearish cross on the 2h chart that triggered the dump. 2. The momentum wave ('MarketDecryptor B') has confirmed a bearish cross on the daily chart, which tells us to be aware of the potential for further downward...

AvramM

That was some whiplash yesterday attempting to complete the three drive rise. :) The 4h momentum wave (blue arrow) is still bearish, which in turn is sapping the life out of any attempts on the lower time frames to get any bullish momentum going. The indicator is continuing to keep us out of trouble by identifying the local tops (red triangle) and the strong...

AvramM

The momentum oscillator is showing overbought and falling metrics for the 1h, 2h and 4h - so I'm hedged short right now. I'm also aware that we're lining up a possible 3 drive rise. Going to try not to front run this. The indicator has been pretty good at getting me in with time to spare for the pumps and dumps.

AvramM

This channel is still in play until we have a convincing close above the 200DMA. And when positioning your trades, understand that there is a very real chance we will go to the bottom of the channel while we are in it. MarketDecryptor is giving some bullish signs, and I'm in a low leverage long, but I am cautious because the 4h chart painted a local top (red...

AvramM

MarketDecryptor doing a good job of nailing those two tops. Pivotal time here. We could reject and fall again, or, more likely, a bit of sideways action followed by another leg up. Currently hedged short (synthetic USD)

AvramM

This triangle looks like it's about to break. The yellow X on the 1D hasn't been seen since the drop from 6k to 3k. If this triangle breaks, we can expect 7200 as a target.

AvramM

I hadn't noticed just how large the bearish divergence was on the daily RSI for Bitcoin (BTC).

AvramM

A visualisation of the support at 7300

AvramM

Visualising Bitcoin's resistance at 8720

AvramM

Just an example of my short term layout for analysing Bitcoin