Butcher_of_Bitmex

Butcher_of_Bitmex Updated  Jul 19, 2019

Here is my updated analysis on the bullish fractal I have been calling for the last few days. My first attempt was pretty close and was based on very little information, I then had a bit of analysis paralysis and updated it twice before reverting back to the original. I have now decided to update again based on taking some time away from the computer and having a...

Butcher_of_Bitmex Updated  Jul 18, 2019

So it turns out my original analysis before I changed it, was actually pretty spot on. Looking for a bottom of about 9150ish followed by a strong bounce. Will be laddering longs from 9200-9000 in intervals, with a stop below 8900 (if we go below this then the idea is invalidated). If the pattern plays out it will have a great ROE as the expected target for the...

Butcher_of_Bitmex Updated  Jul 18, 2019

As per my previous 2 analysis, I first gave a very early indication of a potential bullish structure forming; and then a subsequent update. Well this is the third instalment based on the latest data. Per the last analysis I said we were looking for a pull back up to close to the green dotted line (between 9550 where we were currently are at and 9850 at the...

Butcher_of_Bitmex Updated  Jul 17, 2019

As per my previous analysis, I gave a very early indication of a potential bullish structure forming. This geometric fractal is one that I trade every time I see it, and it generally plays out nicely as it opens up mutliple short/long trades and when combined with stops, provides a pretty profitable set up even on the odd occasion it fails. Now that we have more...

Butcher_of_Bitmex Updated  Jul 17, 2019

There is a potential bullish (90% of the time) fractal forming. Pretty early to call; but we shall see. Marked as neutral, as there is a short leg first down to 9350.

Butcher_of_Bitmex Updated  Jul 15, 2019

Diamond Top Reversal Breakdown! Wait for retest of 10,700~ SHORT

Butcher_of_Bitmex Updated  Jul 14, 2019

As per previous analysis; target for short was met. Switched back to longs from 10,550 to 11,850. My average entry 10,587. Started this new analysis as I have modified the previous one slightly. Will now only continue to update this one.

Butcher_of_Bitmex Updated  Jul 14, 2019

Previous fractal failed. Short to 10,500 then swap to longs. Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down. Marked as short for the first leg down. Will then re-do if this plays out. My average entry for short = 11,377.

Butcher_of_Bitmex Updated  Jul 13, 2019

As per my other current analysis; based on the structure of the geometric fractal and other indicators - I have adjusted accordingly based on the latest information. Ultimately the end goal is the same, but the path to get there is slightly different. I think we will now find resistance around the orange line and retrace to retest the pink support line. If you are...

Butcher_of_Bitmex Updated  Jul 13, 2019

As per my previous analysis we had a good stab at reaching a double top reaching into the low 13K's however we didn't quite pull off the top around 13,750-13,800 that I was hoping for. Luckily for us we are now printing a new fractal that looks like it could finally get us to our target. Long from 11,150ish on the second touch of the pink support line. Target is...

Butcher_of_Bitmex Updated  Jul 10, 2019

As per previous analysis - everything is going to plan. Expect ranging for 24-36 hours before next leg up. Check out linked analysis for call prior to this point.

Butcher_of_Bitmex Updated  Jul 6, 2019

Bullish fractal is forming. Ascending triangle. Bullish crossover of Fisher Transform. Expected to play out as per pink arrow.

Butcher_of_Bitmex Updated  Jul 5, 2019

Bias is towards Bearish based of Mid Term 4 hour Trend. 4 hour chart: BEARISH indicators: Bearish crossover of Fisher Transform. Recent Parabolic Sar flip to bearish. Bearish crossover of Aroon Up/Down. .382 Fib flipped support to resistance. Bearish cross over of MACD. Bearish DMI cross over. 5,8,13,21 FIB level EMA right above us adding strength to the .382...

Butcher_of_Bitmex Updated  Jul 3, 2019

Bullilsh: - Breakout of bullish descending narrowing wedge. - Bullish crossover of Fisher Transform. - Bullish crossover of 5 EMA / 20 EMA. - Bullish engulfing candle potentially forming. - Broken through .382 Fib. - Parabolic Sar has flipped bullish 4 candles ago. - Aroon Up Bullish (92)/ Aroon Down Falling (currently 57) suggesting bullish momentum and bulls...

Butcher_of_Bitmex Jul 1, 2019

Fractal as per previous analysis is playing out nicely. Long 10,600-11,700 then re-assess.

Butcher_of_Bitmex Updated  Jul 1, 2019

Fractal Leading to Double Top before major Correction

Butcher_of_Bitmex Updated  Jun 29, 2019

Bear Flag supporting Diamond Top Reversal and CME GAP Closure

Butcher_of_Bitmex Updated  Jun 29, 2019

Diamond Top - Usually a reversal pattern and fits in with my main view of a move down. Being cautious here though as there are fractals from 2013 and 2017 that suggest this could blow upwards. Given the overall bullish sentiment I can see us hitting above $16K. Currently have an open long from $12K and hedging with a $12.4K Short.