Literally the same stuff as my other alt ideas. Find coins that are bottoming out near historical support (this is a weekly OB, 3D ob, D1 ob, 12H ob). If you look at the weekly, I'm spotting, if this is true, some simple divergences which could most definitely play out over the coming weeks. I like my chances here. So I'm going to DCA. Ideally the buy zone...
Jee. LSK looks like its in a great place to be a buy right now. Pretty much just above the weekly OB. which has been already tested couple of times. kind of looks like an Adam and Eve bottom. You're buying support. LSK, again a fair dinkum project with great fundamentals (I think, DYOR) Me buying? - now down to 28.8k and finally 8.8-9k sats if we ever get...
Man. Chart says it all. Massive volume spike coming in, looks climactic. Really easy here. We buy support and sell resistance. T1 - Previous support now turned resistance ~ 2300 sats T2 - 0.618 and bearish OB, ~2800 sats. Targets and zones are marked on the chart. Me? I'm not stop lossing this one. I start DCA and buy the fkn divergences.
G'day fellas. I know I've signalled STRAT in the past and unfortunately incurred more than a 50% loss had you taken the trade. apologies for that. I'm happe to say that I've learnt a lot more as of those times and would like to extend my new found knowledge and I guess excitement as I apply these concepts into action. Anyways, STRAT is currently chilling on...
i checked this on the 6 monthly as well and boy it looks parabolic as hell. This is the monthly chart though. The signal is clear as bloody day for me. Finally my monthly indicators are literally ALL in unison. Simple bearish divergence on the RSI. Simple bearish divergence on the fast oscillator and collapsing close to the zero line - scary. Simple bearish...
I only wish I was looking into alts earlier. So many of them are primed and ready to go. I know I looked into REQ a lot earlier, but completely In this case, we are buying REQ's historical ATL. Even if it was just for a swing trade, its a great area to start to DCA. We're chilling in a weekly OB Targets are marked on the chart. No doubt this'll take time, but...
Same stuff as my OMG post really. We're really getting to support. We still have room for downside, but personally I'll be DCA this area and begin staking them :) My plan. Buying : Now for 1st batch. and 0.00002 - 0.00008 for next batch. The upside potential is monstrous. Potential 1k%+ and all I need is patience? I'll take it. The team been silently...
I am really finding it hard to be bearish on alts. Heres a couple of reasons why, for OMG at least. 1) Weekly support, also bullish OB from literally OMG's inception. 2) 3D support. 3) Daily support. 4) Why are selling support? 5) no really, why are you selling support. Jokes aside. I don't really have more to add other than this is support. I'm buying all the...
G'day fellas. going back to some of my roots. I've evolved my trade style to focus more on PA and mastering RSI rather than EW. But though I'd go back to EW just to see what's going on, on a larger timeframe. This is what I'm seeing. I chose Bitstamp because they go as far back as 2011 for data, like Mt Gox. I see 5 waves completed. We've retraced to the 70.5%...
BTC has been KILLING IT. thought I throw up an idea just for the fun of it. First of all I think we should retest our previous 7700-7750 highs that were resistance, should now be considered support. Then we rally to take out liquidity near 8800 or even 9400. Daily indicators aren't really giving a lot of breathing space for bitcoin right now. The black line I...
Trying something new. Achieving targets from RSI and price action. Let's see how we go. This is a method taken from John Hayden's "Complete RSI Guide" - 2003. He uses MDRP (Momentum discrepancy reversal points, pretty much what most people call hidden divergences (i think hidden divergences is wrong, so I'll be referring to these as MDRP Ups and Downs) Pretty...
Hello fellas. If you browse 4chan you'll know that REQ and LINK are like the prodigal twins :) I think REQ is in a great position right now. Oversold on daily with hints of class A bullish divergences. looks like we're still playing phase B, meaning we still have ways to go with accumulation. But for the mean time it looks like a mighty fine point to enter. If...
g'day fellas. we've had a few rough months. coins have come and gone and one of those coins have recently caught my attention. STRATIS- i posted about it a couple months back and with absolutely minimal experience and using a rather subjective strategy of trading back then as well. taking a broader look at a lot of the coins right now it is very clear to me we...
Taking a look at the price of ETC on the weekly. and my god. does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE. reason why? Cause and effect. Larger the cause, larger the effect. Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects. Say ETC accumulates for a...
I posted a short term bullish idea on XRP, but taking a look at it on the weekly timeframes with indicators on, it looks mightly bearish. We have some pretty nasty Bearish divergences between last peak (candle close) and most recent peak (candle close) on both RSI and MACD. I've circled a potential fractal that we may be in. Could see us reaching for another high,...
Bitcoin looks quite bearish, just purely from a Wyckoff standpoint (still learning, just posting my ideas so I can track my progress with this new strategy) Does look a bit like redistribution to me, suggesting we have more downside. People can zoom out and see that we are forming a pennant, I agree with that as well, but just by saying it is a pennant doesn't...
A look at XRP purely based off XRP. Just patiently waiting for XRP to complete it's accumulation. A bit of an early Wyckoff map, will update as time comes along Look like we are starting Phase B of accumulation. Where volume has picked up and there is some volatility. Im expecting another move to the downside for either another ST, or a Spring, followed by a test...
Hello guys, been a while since I posted a chart or an idea. But I think Ethereum is setting up to be in a beautiful, beautiful, beautiful short position right now. I spotted many indicator divergences on the Daily about 3/4 days ago but decided to wait to I actually got more confirmation. Here it is today. Right now what I've done is mapped this out to Wyckoff...