DistractedTrader

DistractedTrader

For anthony

DistractedTrader

RSG on the hourly time frame, since the march 2020 fall has shown a recovery, followed by consolidation. This consolidation has come close to the previous low - approx. 90% As long as a lower-low is not breached, this could be considered a great place to enter a long position, aiming for targets 1,2 & 3. If a lower low is made (as indicated on chart), chart is...

DistractedTrader

I've had a few wines. I made this chart 1.5 months ago. Take it for what it is, or I couldn't give a f***. Take a look at my last chart on Powr if you think I have no idea. I trade XBTUSD for 7.8% profit, 3 times a day - and I dont transfer my portfolio into POWR for no reason. Especially out of bitmex with their transfer window right on par with the opening of...

DistractedTrader

POWR has shown steady buying volume accompanied with large spikes throughout its retracement since 2017. After months of stabilisation around the 3.5 cents range - a very evident divergence on RSI (confirmed on all time frames) is now delivering the outcome that the books talk of. The falling wedge has played out perfectly, with breakout at the 90% region. Soon...

DistractedTrader Updated 

Chart says it all really. I just dont understand why even bears would consider throwing away a good 1st and 2nd Eliot count when there is so much more room to play. Zoom out on the daily and its the most clear bull flag pattern. Not only that, in history every time XRP has a significant move up, it is always completed with 5 waves and significant rise in price....

DistractedTrader

So Im still very much learning in the technical analysis space, yet I know a perfect set up when I see one. Further to that, if you actually dive deep into the fundamentals of Power Ledger, you begin to uncover a blockchain project that actually has balls. Unlike many of the ICOS of 2017, this one actually has a reputable team comprising of PHD doctorates,...

DistractedTrader

So essentially BTC has dumped over the past few days and everyone is crying. Although I still feel that BTC will endure further months of a bear market, Its my opinion that this 5th wave scenario is still possible and at-least a bounce of some type will occur shortly. RSI entering oversold regions, and BTC has failed (So far) to penetrate support at 6150 Region....

DistractedTrader

Essentially this project is as gold as they come in blockchain. A really bright and powerful team with great credentials, a good cause - moulding sustainability technology and blockchain together. I've been bullish on this project for 9 months straight, but before it takes off, we still have to retrace a little bit after that massive pump yesterday. If your...

DistractedTrader

RSI nearly oversold. Soon up to 8500 and then back down.

DistractedTrader

So a bounce from 8250 was on the cards for me. We saw some strong support in this region coming off an ABC correction. However its my view, that this push upwards has been invalidated due to the a wave failure occurring between the 'D' & 'E' waves. Of-course, different time frames can tell different stories and it is possible that on a larger time frame this...

DistractedTrader

BTC simply over valued, mums and dads not interested and whales holding market hostage. Only one way this will go but I do remain bull in a long timeframe. Use this time to pick up some Alts. Power ledger POWR is a good choice as they actually have an amazing team that wakes up and goes to work everyday. Unlike 99% of the coins out there.

DistractedTrader

Wont lie, I'm very new to trading. However I see patterns when I see them, so I thought I'd put this out here. It concerns me that BTC has entered this channel again. Feel free to add your take because It will help me learn in the end anyway! It will be interesting to see what BTC does in the coming hours and especially how it reacts to the resistance of the...