FlyOnTheWallTrading

FlyOnTheWallTrading

Title says it all. Outcome TBD, either winding up for a large run (my expectation) or to waterfall to the downside. Kept chart as clean as possible, to allow simple interpretation.

FlyOnTheWallTrading

Part 2 Building on previous idea. Creation of trendline on log chart of total marketcap marked the end of the first major bear market. Test of this trendline marked the end (or at least major reversal) of 2018 bear market. Now trendline appears to possibly be failing. Crypto markets could be in for a major bloodbath.

FlyOnTheWallTrading

Part 1 Logarythmic chart of marketcap compared with standard chart of BTCUSD To date, log chart of marketcap has remained above a trendline that was created in 2015. Weekly candles wicked below during the week of Oct 21, 2019; but closed above (first instance of pushing below this since start of trend). Current weekly candle opened below trendline. Every previous...

FlyOnTheWallTrading

Appears to have simply a test for resistance at previously broken support zone in the 9400s. Simply an over-exaggerated move, typical of BTC, which overshot this level and retraced below it. If 9400 level is not reclaimed, expect retest of zone created by .618 and .236 fib retrace and fib extention using 2017/2018 highs and lows. If this level is reclaimed, expect...

FlyOnTheWallTrading Updated 

Pullback in equities isn't hurting the odds of this play at all either.

FlyOnTheWallTrading

Best case, symmetrical(ish) triangle with next low around 4-5k. Worst case, descending triangle with next low in the low to mid 3k area. Symmetrical triangle: flip a coin, this could break structure in either direction. Descending triangle: 1k-2k within spitting distance when support breaks, return to 200-500 area not impossible. Overall volume is declining.

FlyOnTheWallTrading

ETC/BTC appears to have completed a market cycle, and could enter a sideways period of accumulation before starting a new cycle. A potential entry based on a precursor to a possible golden cross is also present. 34EMA has crossed above 50SMA, and candles have closed above both. Good time to accumulate here, and wait for the 50SMA to cross above the 200SMA. If...

FlyOnTheWallTrading

Conditions are ripe for a pullback and continuation, which could potentially form a handle. I would look to enter when a candle closes above the top of the cup after a handle is formed. If you're more ballsy, around the potential bottom of the handle.

FlyOnTheWallTrading

Sloppy, yet complete Elliot cycle. Looks primed to take off when money starts leaving BTC.

FlyOnTheWallTrading Updated 

Appears to have found it's major support level just below 78.6 fib line. Possible run from here? Blue lines indicate apparent support/resistance levels outside of fib lines.

FlyOnTheWallTrading

Fibs lined up perfectly with the first two pumps. Expecting major pullbacks to start around .02 btc.

FlyOnTheWallTrading

Looking for bounce from 78.6 fib

FlyOnTheWallTrading

It's a long shot and way too early to be certain, but I'm liking the looks of this chart and the tech behind this coin.

FlyOnTheWallTrading

Expecting a decent bounce from here.

FlyOnTheWallTrading

Pull back to either next major resistance level or 78.6 fib, then break of downtrend into 3rd wave of elliot cycle